How to Create a Passive Income With Forex
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DESCRIPTIONThe advances in online trading and the appearance of communities of experts have now made investing available to individuals on a scale that was unimaginable only a few years ago. Nonetheless, social trading is still one of the least-known tools.Anyone, independently from his or her level of experience, will benefit from reading this report. You dont need to be financially literate, and you dont need to be an expert trader to start benefiting from social trading. Social trading is a powerful tool that is revolutionizing the concept of investing. Step Inside!
HOW TO CREATE A PASSIVE INCOME
TradingMates.com | How To Create a Passive Income with Forex 1
HOW TO CREATE A PASSIVE INCOME
Who this report is for and why it is important
The advances in online trading and the appearance of communities of experts
have now made investing available to individuals on a scale that was
unimaginable only a few years ago. Nonetheless, social trading is still one of the
Anyone, independently from his or her level of experience, will benefit from
reading this report. You dont need to be financially literate, and you dont need to
be an expert trader to start benefiting from social trading. As you will see later,
social trading is a powerful tool that is revolutionizing the concept of investing.
The purpose of this guide is to let you become a part of this new era in
which financial freedom can be shared to the benefit of all.
Together, lets build a community in which we can make
this dream a reality!
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What is Forex?
What is "Social Trading"?
What You Need To Start Earning Money in the Next 24 hr !!!
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When we started using this tool, we were newbies on trading exchanges, and fully skeptical
that a passive income could be made from it; nonetheless, we were willing to dig deeper into
the matter and to find out its potential for earning. Within the first month, we were already
making a lot of money, but we never stopped to look for opportunities to reduce our risks and
to improve our returns.
The most incredible part of the story was that we were like pioneers in a no mans land: While
almost everyone has a vague idea of what trading is, almost no one knows exactly what social
trading is and how to make money with itand even among those who know about it, there
are still too many unknowns and mistakes that keep them from creating a stable passive
income. We went through most of these unknowns and mistakes, and we learned how to
avoid them and how to pave our way to success.
Be reassured that we currently do NOT receive any direct or indirect compensation or fee
from any company cited in this report! Our aim is to honestly and independently provide you
with the best updated information available. We constantly test and review the actors
involved with forex trading in order to improve the quality of what we deliver to our
community. If, for any reason, you are not yet a part of our community, you can join us here,
to get free updates and to help us to grow together!
In the pages that follow, you will learn how you can benefit from social trading, and you will
build a background to understand how you can start to be a part of this revolution.
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2. What is Forex ?
The foreign exchange, known as forex, is the largest, most active, and most exciting financial
market in the world. Largest, because of the volume of transactions, from 1 to 4 trillion dollars
per day! Most active, because of its 24 hours per 5 days of market activities.
At his hearth forex trading, or currency trading, is about speculating on currencies value
against others. As the professional traders Alex Nekritin and Walter Peters state in their book,
Naked Forex , forex traders buy and sell countries, they are .
Money can be made whether a currency is gaining value or losing it. For instance, forex
traders can sell EURUSD pairs whenever forecasting the euro to weaken versus the dollar, or
they can buy EURUSD if forecasting the opposite scenario.
Lets be clear: Speculating is not betting! Speculating is taking a calculated risk to seek a high
return over a very short time period (minutes, hours, or days) as opposed to investing when
the goal is to minimize the risk for a return over a long time period (months or years).The
forex market is not only the largest and the most active one, but it also offers many other
interesting advantages over other investment options. Here are the most compelling pros:
- Free demo account: Most of forex brokers allow customers to play with a demo
account before going live with real money, giving you the possibility to test your
- Forex trading can start with very small investments. Anyone can open a trading
account with an investment as low as $200.
- High liquidity: Liquidity is so high that orders are almost immediately filled
without the need to wait for a buyer or a seller.
- Absence of insider trading: While in the stock market an insider can take advantage
of small investors, in forex, the volumes are so high that no single investor or fund
can control the market of a currency pair.
- Few pairs attract most of the money, specifically EURUSD, EURCHF, GBPUSD, and
USDJPY. In the stock market, the money is spread over several stocks to be tracked
Now you will be wondering, I am not a currency expert, I am not a trader, I am not able to
calculate the risk, and I dont have the time to follow the forex market. Yes, thats exactly
how we felt at the beginning!
Keep reading, and you will find out why those reasons will not keep you away from profiting
from the forex market.
Note : Its not the purpose of this guide to explain in details forex market, you can find more free online
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3. What is Social Trading ?
Social trading is a tool that allows expert traders to share, in real time, their trades with
potentially anyone who has an Internet connection. Looking at social trading from those two
angles is essential to understand why this is a revolution able to open the door to passive
income for anyone.
On one hand, expert traders can leverage the Internet to share ideas, detailed and proven
results, and statistics on their trading system with everyone.
On the other hand, any new trade can be shared in real time, allowing anyone to
automatically copy the same trade in real time and to benefit from it.
Several communities and platforms already allow traders to expose their trading history and
to be followed with a signal subscription free of charge or with a monthly fee as low as $20. In
the next chapter, we will discuss in detail the most popular communities and platforms for
Do you get the big picture now? You absolutely do NOT need to be an expert trader, and you
do NOT need to spend time actively trading on your own. All you have to know is how to
copy from the experts.
Too good to be true? You certainly have often read sentences like this one: If they are making
so much money, why would they share it with you?
The trick to social trading is that expert traders can make a lot of money only if they share
their success with you. The more followers, the more money they will see flowing into their
pockets, thanks to broker commissions or followers monthly fees. And if traders want to
continue to earn that money, they have to continue to be successful traders or risk losing
their followersand most of their monthly income with them.
On the other hand, subscribers can see a return on investment that is on a completely
different level compared to the stock market or the bond market. If a safe investment in the
stock market can bring you, on average, 7% annually, very expert traders in the forex market
can make 50% annually, with a risk as low as 0.5%. And for those who are risk-tolerant, the
forex market can grant up to 300% or more annually.
This is the true power of social trading.
Now that you know that forex is the most liquid market, and social trading is the best way to
access it, lets see what it actually takes to start making money.
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4. What You Need To Start Earning Money in
the Next 24 hr !!!
All you need to do to start leveraging on social trading is the following:
Choose an Online Broker.
Choose a Social Trading Platform and a Trading Execution Platform.
Choose a virtual private server (VPS).
Lets dig into the details.
Choose an Online Broker
In order to place trades, you need a broker. Essentially, a broker is a third party, between you
and the market, which allows your transactions to be properly and timely executed by the
main commercial institutions operating on the forex.
There are so many online forex brokers that it is essential to know how to find a good and honest firm
through which to open an account. This is our suggested check list:
- Is it regulated?
Remember that regulation is protection! All regulated brokers have to comply with
strict rules that are meant to keep both you and the broker safe from fraud.
- When was the forex broker established?
A company that has been on the market for a long period is, most probably, a
company that is trusted by its customers.
- Trading conditions.
Broker companies gain money on spreads (the difference between the buy and sell
prices for each pair of currencies). The spread has to be variable to avoid fraud, and
has to be low. The higher the spread, the more money the broker will make from
Besides the spread, the trading execution platforms that the broker supports could
make a difference in how fast the orders are executed and, even more important for
us, their systems could not be compatible with the social trading platforms.
- Deposit/withdrawal conditions.
Your funds have to be in segregated and insured accounts. The withdrawal has to
be easy and without limitations. Check, specifically, the deposit and withdrawal
conditions before committing your money with a broker.
Here is a list of some of the biggest and more influential broker on the forex market:
- Alpari (UK) Limited, http://www.alpari.com/
- FXCM Inc., http://www.fxcm.com/
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- OANDA Corporation, http://www.oanda.com/
- XM, http://www.xm.com/
Some brokers attract customers with bonuses on deposits. Dont be fooled by bonuses: These
funds are not money that you can withdraw under any condition. They are just kind of
credits that increases the amount of risk you can take before the games end. Given that we
will not be trading on our own, they are of very little meaning to us.
Choose a Social Trading Platform and a Trading Execution Platform
There are several communities that allow for subscription to expert traders signals. The
communities differ for configurability and supported trading execution platforms.
Each community provides possibilities for exploring the history of the traders and gives
aggregated key information to evaluate the profitability and the risk related to each traders
When a signal from a trader is subscribed to and it is synchronized with the trading execution
platform of your broker, each trade that is opened by the trader you are following will be
automatically opened on your broker account. Every successful trade will result in a profit in
your account, and every losing trade will result in a loss in your account.
Here are the most popular social trading platforms::
- MQL5, http://www.mql5.com/
- MyFxbook, https://www.myfxbook.com/
- FXJunction, https://www.fxjunction.com/
- SimpleTrader, https://www.simpletrader.net/
- ZuluTrade, https://www.zulutrade.com/
MQL5, FXJunction, and SimpleTrader require the MetaTrader 4 (MT4) or MetaTrader 5
(MT5) to synchronize the signal, and the broker has to support such trading platforms.
The MT4 and MT5 have to be installed locally on your laptop and configured in order to
support the signal synchronization. Typically, the brokers that support such platforms
provide a customized version of them directly downloadable from their sites. The installation
is very easy and straightforward.
SimpleTrader also support a direct integration with the broker account, but this requires
you to provide your broker account password. We suggest that you do not provide your
password to anyone. That said, most brokers allow the withdrawal and deposit of money only
with credit card or bank account transfer details provided by you, limiting the possibility of
theft from your account(s).
ZuluTrade, MyFxbook are the only social trading platform that allows a fully web-based
integration and configuration of the trading signals with your broker. This is thanks to the
agreement between those platforms and the forex broker companies. Additionally, all the
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signal subscriptions are always free of charge; this is possible because they earn based on
commissions rates on spreads agreed directly with brokers rather than commissions on a
monthly fee charged to the end user. Last but not least, They offer the widest configurability,
allowing for the creation of a portfolio of signals from different traders with different trading
strategies and with several settings meant to customize your risk according to your tolerance
The Virtual Private Server, VPS
As previously mentioned, the forex market is open 24 hours a day, and given that most of the
social trading platforms natively support MT4, it is necessary to have a computer with MT4
installed on it and that stays switched on for 24 hours a daythats to avoid wasted trades
and money. Even considering that you could afford to dedicate your home computer to this
task, it would be enough for your power to go out to miss precious order synchronizations
from your signal provider.
A virtual private server (VPS) addresses this problem, allowing you to have a virtual computer
always switched on and reachable from any place, and with an Internet connection. Besides,
VPSs are usually faster in synchronizing your trade between the signal and the broker,
minimizing the unrealized profits.
Be aware that most brokers offer VPS service at no cost with deposits of $5,000 or more.
There are also many third-party VPS providers with attractive quality-to-price ratios, but you
need to consider the location of the physical VPS server.
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5. Start Smart Congratulation! You made it this far! You now know that you can leverage on the experience
of professional traders to create your passive incomeand you can start immediately.
Our suggestion is to start immediately but to do it smartly. Keep in mind that the golden rule
is to never invest what you cannot afford to lose! Ideally it is better not to expose yourself for
more than one third of your saving across all your investments.
If you want to leverage our experience to set your first account and SAVE TIME and MONEY in