Why I Started Automated Forex Trading
I've always been curious about trading on the foreign exchange markets but never got around to doing it for all sorts of reasons. For example. I was worried about losing all my initial investment because I'd read that 90% of traders lose all their money in the beginning. I'd also read it was all a scam, it was illegal and of course the dodgy dealers that promise ridiculous growth in weeks. I’m not falling for that!!
But saying all of this how is one supposed to grow more wealth when salaries are not going up and the cost of living is going up. How is one supposed to earn an additional income when we already work long hours and don’t have a lot more time to offer income generating opportunities? I started looking at passive income options and what was out there. What could we be doing differently? Affiliate marketing? Write and sell eBooks? Property rental? Save with high yield accounts? Bonds, stocks and shares? In fact, there was lots of options but finding one that fitted around our lifestyle was important.
Affiliate marketing, I started, and I’ve been earning a small but frequent revenue from that at around US$200 – US$300 per month. It varies from month to month but its important income none the less. A small amount over the year can up to a nice healthy sum at the end of the year.
At the end of 2019 I was offered the opportunity to try an automated forex trading service. You connect to it via your FCA registered broker account and let the trading happen on your behalf. It meant I could start taking advantage of a money growth tool that could serve us within our overall financial plan. I didn’t need any trading experience to get started all I needed was to set up my subscription to the service and let it do the rest.
I REALLY wanted to try it so we took US$2000, set up the FCA recognised broker account and said we would give it 3 months. If we didn’t see any growth or it was losing money, we would close the account. It fitted nicely around our lifestyle. It didn’t take up a huge amount of time commitment, I could benefit from the experience of professional traders, we could minimize our trading emotions which I was worried about and risk management was a controlled process because we had no idea how best to set this up.
Nearly a year on and that account has grown. We have averaged about 5% a month even through this pandemic. I’m so delighted we started this, I plan to continue using this service and steadily grow my account.
If this appeals to you then check out my trading results for the past few months which I started sharing and my blog on automated trading, my interviews with traders also using the automated services. I’d firmly believe in this process now to help grow our wealth.
Yes, it is higher risk, past performance isn’t indicative of future results and you do automated trading knowing your own risk tolerance for all of this.
If you are interested in learning more then message me and let me know
But saying all of this how is one supposed to grow more wealth when salaries are not going up and the cost of living is going up. How is one supposed to earn an additional income when we already work long hours and don’t have a lot more time to offer income generating opportunities? I started looking at passive income options and what was out there. What could we be doing differently? Affiliate marketing? Write and sell eBooks? Property rental? Save with high yield accounts? Bonds, stocks and shares? In fact, there was lots of options but finding one that fitted around our lifestyle was important.
Affiliate marketing, I started, and I’ve been earning a small but frequent revenue from that at around US$200 – US$300 per month. It varies from month to month but its important income none the less. A small amount over the year can up to a nice healthy sum at the end of the year.
At the end of 2019 I was offered the opportunity to try an automated forex trading service. You connect to it via your FCA registered broker account and let the trading happen on your behalf. It meant I could start taking advantage of a money growth tool that could serve us within our overall financial plan. I didn’t need any trading experience to get started all I needed was to set up my subscription to the service and let it do the rest.
I REALLY wanted to try it so we took US$2000, set up the FCA recognised broker account and said we would give it 3 months. If we didn’t see any growth or it was losing money, we would close the account. It fitted nicely around our lifestyle. It didn’t take up a huge amount of time commitment, I could benefit from the experience of professional traders, we could minimize our trading emotions which I was worried about and risk management was a controlled process because we had no idea how best to set this up.
Nearly a year on and that account has grown. We have averaged about 5% a month even through this pandemic. I’m so delighted we started this, I plan to continue using this service and steadily grow my account.
If this appeals to you then check out my trading results for the past few months which I started sharing and my blog on automated trading, my interviews with traders also using the automated services. I’d firmly believe in this process now to help grow our wealth.
Yes, it is higher risk, past performance isn’t indicative of future results and you do automated trading knowing your own risk tolerance for all of this.
If you are interested in learning more then message me and let me know