Can You Make Money Forex Trading - All About Forex

Can You Make Money Forex Trading

Can You Make Money Forex Trading – How to increase your forex profit by 10x without increasing risk and even make money with demo account trading

Many Forex traders know that they can make decent profits, but most of them do not have enough capital to start their own trading business. The 10X FX Profit™ framework is perfect for those who want to earn more money without taking too much risk. their capital. This is the easiest way to earn a decent income trading on MET. H. If you don’t have enough money but know how to trade profitably.

Can You Make Money Forex Trading

Can You Make Money Forex Trading

The 10X FX Profit™ framework is a simple yet powerful system that will allow you to manage multiple accounts of your friends, clients or family members, earn money for them on autopilot and receive 20% of the profits as commission. That way, you’ll not only be able to increase your income tenfold or more, but you’ll also be helping others achieve their financial dreams at the same time.

Forex Trading Course For Self Study Ebook By Gary F. Jackson

Before I start, here’s my story quickly so you know how I got to where I am today.

It wasn’t until 2008 that I discovered Forex trading, and when I did, I was confident that I would become a millionaire in no time. We’ve all been there, right?

Of course, it didn’t turn out that way. I’ve had to go through teething problems for starters where everything seems to go wrong no matter what you do.

You go long on a currency pair and the price starts to go down, instead you go short, but the price immediately goes up. It still makes me laugh when I look back on those days and remember all the nawab mistakes I made. But definitely, what I quickly learned is that you don’t become a millionaire just because you discovered forex trading.

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When I came across MetaTrader 4 in 2009, I found that I could use my coding skills pretty quickly to create hundreds of EAs and indicators for myself and my clients.

Around that time I was able to create a profitable trading strategy that I called Daily-F and even doubled my demo account in just nine months. Since this was only a demo account, I didn’t make any money for myself, but I did make a lot of money for other people, and yes, I got some of it too.

So even though my demo account made zero real dollars, I got a 20% profit share from this client, which is $14,000.

Can You Make Money Forex Trading

At the same time, I was also trading much smaller accounts and making hundreds of dollars a month as over a hundred people saved my trades at one point.

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I told this whole story in my book, so if you are interested in reading about it, go to Amazon and search for “how to start your own forex signal service”.

I want to start by sharing this epic quote from Zig Ziglar because it sums up the main idea behind this approach. He once said:

“You can get what you want in life if you just help others get what they want.”

The point is, if you can help other people, you will reap the rewards. In my opinion, this is a convincing message. I truly believe you will go far in forex trading or anything else you do if you can figure it out. Moreover, it fits almost the whole idea of ​​my 10 FX Profits™ Framework.

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The 10 FX Profits™ framework is about growing other people’s trading accounts, not just you.

The math behind the 10 FX Profits™ framework isn’t too hard to understand. Let me walk you through it quickly so you can get an idea of ​​the basics.

Let’s say you have formulated a profitable trading strategy in your forex demo account. There are many traders who are at this stage. You have perfected your system and correctly set your indicators and time frames and your demo account. reliably profitable But what’s next?

Can You Make Money Forex Trading

Most traders get stuck there and even if they start trading on a real account with some of their money, they never go beyond making a few dollars month after month.

How Can You Make Money In Forex Trading?

Well, let’s say you upgraded your demo account and started trading with $1000. And say you can regularly increase your account by 10%. By the way, it’s worth taking a minute here to note that 10% is an excellent result. If you grow your account by 10% per month, you can double it in a year. Especially if you can do it regularly.

However, 10% of your $1,000 is only a hundred dollars. It’s not bad, but it leaves you with a long way to go before it translates into a high income from your trading. Before long, you’ll be asking yourself if all the time, skill, and effort you put into creating your trading strategy was really worth it. Spending hours or days trying to find and test this new indicator is the best use of your time if your profit is only $100 at the end of the month.

Most of the traders on this trip stop there and find other things to do, they go back to their day jobs. But there is another way.

If you start managing other accounts using your tried and tested 10% approach, you can make some serious money quickly.

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For example, if you manage 10 accounts that all average $5,000, suddenly you have $50,000 in funds to work with. Suddenly your 10% is $5,000 profit at the end of the month. If your share is 20%, you have $1000 in income. It doesn’t matter if you manage 5 accounts of $10,000 each or 50 accounts of $2,000 each, you can make money for all of them and get performance fees in return.

And the beauty of it is, you’re not doing anything different than when your income was just $100.

You have multiplied your initial profit by 10 times. And that’s not the limit. There is no limit. You can increase your profit 10 times or 100 times.

Can You Make Money Forex Trading

You don’t need to learn new trading skills or develop an entirely new trading strategy. You can use all the knowledge you’ve already learned, but apply it in a new way, and there’s no limit to how high you can take your profits.

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In some countries, you may need to get a license to manage other people’s money. You can start trading for close family members like siblings or even your parents and I don’t think you need a license to do that. But as I said, this is not legal advice, so you should check the situation in your country or jurisdiction yourself. I want to be 100% open with you about one of the possible obstacles in your path.

If managing other people’s money is illegal or a “grey area” in your country, you’ll love the Forex Income Multiplier Framework that helps you make tons of money from that 10% monthly increase. .

And that’s a good question. The fact is, if you’ve tried to do it manually, you already know it’s impossible. Once you start entering a transaction in one account, it’s too late to click into another account and open the same transaction there. You are already losing money by being so late on the other account.

If you want to make multiple trades in more than two accounts and you want to calculate position sizes for all trades separately because each account has a different size… Well, there is simply no way to do that. It takes too much time to do this, even with multiple accounts, and the price difference that opens up will eat away at your profit from each trade.

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If this is your approach to managing multiple accounts, stop immediately. You are wasting your time and your customers’ time.

The good news is that there is another way. A much better way! I call this setup FX Account Cloning™.

You can simply trade in your main account and reflect your transactions in five, ten, twenty or more client accounts without pressing dozens of buy or sell buttons and calculating multiple position sizes under pressure.

Can You Make Money Forex Trading

So in the following diagram you can see how it works. The main account is in the middle. This is the main account you trade from and it controls the entire network. Surrounding this main account are client accounts that reflect your trades and that you can pre-adjust their position sizes.

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So, just in case you are not yet seeing the benefits of this setup, it allows you to automatically duplicate your forex profits to many other accounts. It does this almost instantly and doesn’t even take that much time to set up. now, your earned profit

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