Managed Forex – Money working for Money
Today we start the first of the 6 streams of income. My choice for money working for money is online Forex trading. However, I wanted to choose an income stream that would require the lowest amount of my time, and one that would utilise the marvel of compound interest. As I dislike studying charts and spreadsheets, I decided to utilise an automated managed Forex system, that way I can reap the benefits of the high returns of Forex trading without the daily time-consuming and (for me) unpleasant studying.
The method I have chosen is Forex Macro ( http://forexmacro.com/?chrisball ). I looked at Ivybot, (Forex trading software often referred to as a Forex robot) which I will implement in the future, but for now I have chosen ForexMacro because it offers 21% return on investment – per month, which is massively higher than traditional deposit based investment, and it is completely hands off. In fact I only need to check the returns and manage the account once per month for about 30 minutes.
With this system I don’t need to go in a Forex course to learn about the market and how it works or worry about the spread betting. I can do global Forex trading without any knowledge of my own.
OK, if I were to learn how to do trading for myself and manage it all myself then the potential returns are even greater, I know someone that can double his money in less than 2 weeks, but the risks are also much higher. Also or me this would be more complex, stressful and time consuming, which is not an option for me if I am to keep to my aim of passive income.
Anyway, I hope you enjoyed this video and I will keep you posted at to how I am doing.
If you want to check it out for yourself, click over to: http://forexmacro.com/?chrisball
Until next time, have a prosperous weekend.
This entry was posted on Friday, December 4th, 2009 at 4:07 pm and is filed under External Resource, Video Posts. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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