Key Automation Question: 'I am a bit concerned knowing the membership fee is US$180. To me, it sounds very high?'
This question happens a lot and it stems from those who are thinking about starting with a small investment of say US$1000 - US$2000 account.
I started with a small account too and like this question i did wonder if the fees were justified. With some research I concluded that yes the fees was justified and I would still start with a smaller account.
Here's my answer:-
a) I'm paying for access to knowledge, experience, their time and insight.
If I had been trading on my own from January I believe that I wouldn't have made the returns I would have made. I would have cleaned out my intitial investment and walked away saying 'I can't trade'. I would have wasted my investment.
Instead I looked at the membership fee as the price I pay for using the services of an automated trading service and the use of professional traders who do this on a daily basis. Their experience, insight and skills out ways me completely. It would take me years and spending hours reading and learning charts to even get close to what they can do. So for me, that US$180 pays for that experience I couldn't achieve in the short term. Plus its not just one automated account you get, its two so US$90 per account to generate an income on my savings is just brillant.
I started trading with at US$2K account and each month I have had consistent growth that would have only been achieveable if I had paid for their service to do that. So for me I see it like paying for an actiivty now that will benefit me in the long run and with time that cost of the fees will be outweighed.
b) This is a long term solution not a short term 'get rich quick scheme'
How does US$180 equate over the longer term. Lets good at some hypothetical numbers and time periods.
Let say you want to start your account with US$3000. You have seen that the current return on growth has been around 5% per month. Your membership costs US$180 per month.
On month 1 this doesn’t add up. That doesn’t work at all and makes no sense in the very short term.
But let’s look at its longer term.
Let’s look at it over the first 12 months and then 5 years. We will also benefit from the powers of compound interest which is another useful tool in income generation.
Using the compound calculator and these numbers
First year term
Now 5 year term
So using these hypothetical numbers the long term effects of forex automation and compound interest are beneficial and thus makes your monthly investment in your own financial education and your our source of wealth generation more feasible. Please note the % growth could be less or more over the time frame, but forex trading is a long-term investment and should be looked at over a longer time frame than a day to day activity. In this hypothetical situation I haven’t considered LOT sizes either which would increase your portfolio too.
I serve people who want their money to work harder for them instead of it sitting in the bank.