I get many people contacting me and telling my there devastatingstories of how much money they have lost by scams. I totally empathize withthose victims as I myself have been victim too. I have lost so much money tothese con artists and this is why I am so passionate about what I do and how Irepresent my company Alive FX PTY LTD.
Here is some advice for you. Now I’m not an investment coach & Idon’t have a license to give you investment advice but what I can assist youwith is some common sense and logic, before you also get scammed. If you wantto invest and make Passive Income with forex you have3 options. Option 1. Is to purchase a good Forex Robot. Option 2. Is toinvest with a company that offer you a hands-off passive income approach.Option 3. Is to use a private individual that also offers a passive income witha hands-off approach. Now here is the advice part. Never ever give your moneyto an individual that does not have a financial license or at the very leastevidence of their trading success history. Their history can be uploadedthrough the Meta Trader 4/Meta Trader 5 platform to a company that isindependent from the trader, thus giving you an independent audit report of thetrader’s performance. This report displayed by the independent company willgive you a graphic user interface breakdown of the trader’s performance andtrading history. The most important part of the history is the trader’sdrawdown. The drawdown shows YOU the investor how much capital at any one timeis being used during the life of the trading history. If the trader’s drawdownis 50% this shows that 50% of your capital was used to create the profit of aspecific trade. 50% is very high and YOU as the investor need to know that thistrader uses a high-risk strategy to produce the results he is offering you. Ifyou have a low-risk appetite, then this trader should be avoided. The next setof number to observe is the number representing the length he has been tradingfor. I always look for traders with a history longer than 1 year preferably 3years. Anything less than 1 year, I avoid. Never give your funds to a companythat also does not have a financial services license. There are 2 well knowncompanies that offer the graphic user interface breakdown. Below are the links
Please ask your trader to produce his fxblu or myfxbook results so youcan analyze his results. If he can’t produce the results then avoid him at allcosts. He also needs to verify that the results he is showing you from fxblu ormyfxbook is in fact his account and that he is not stealing someone else’sresults and lying that the results are his. To verify the 2 sets of results askyour trader to send you his Meta Trader 4/Meta trader 5 investor login information.You can then check his open trades with the fxblu or myfxbook results he sharedwith you. Then you need to make a judgement call and decide if you want to giveyour hard earned moola to this person you may or may not know in person.
Here is another golden nugget…
The best way for you to earn Passive Income is to trade yourself by getting theknowledge. Here is a fantastic resource on how to read a indicies chart. http://learntoreadaforexchart.com/
Once you have the knowledge, you’ll never let any person, trader orcompany come near your money again. The challenges of trading yourself arelisted below.
No understanding of the markets.
You have a greed gene that needs to be tamed.
You trade emotionally.
I think the biggest challenges are greed and emotions and this is whyowning a good Forex Robot may be the answer foryou. Unfortunately, there is no “set and forget system” out there, so the ForexRobot will probably need some manual intervention now and again. Makesure you buy a Forex Robot that has good tradinghistory from fxblu or myfxbook audited results.
Here are the other disadvantages of using a trader or company ratherthan the Forex Robot. The trader usuallytakes a high percentage of the profits ranging from 10-50%. This is quite achunk of profits gone. A company normally takes a small fee and or a maximum of30% of the profits generated. This is also a huge chunk of profit gone. Thedisadvantage of the Forex Robot is that you may needto manage the software from time to time but the upside is that all|100%profits generated by Forex Robot are yours, dependingon the broker you use. Some brokers take 20-30% when youwithdraw your funds. So do your homework. Click here for a great broker!! Make sure you have agood support from the Forex Robot engineer.
I hope the above info helps you make better trading and investmentdecisions.