Is the Forex niche the way to go?

60 replies
I've been following it for a while and there seems to be cash there. All those Forex products are relatively pricey yet sell well and get pushed skilfully. Many of them (such as bots) no longer work once refunded, unlike downloadable courses/ebooks. Not all of that stuff is an outright crap, much manages to kick the bucket well past the 60-day refund/chargeback period or even longer. Wondering if this is the way to go as opposed to the mainstream IM which appears to be an oversaturated niche at the moment to me.
#forex #niche
  • Profile picture of the author OnlineAddict
    Forex is a great niche, but you need to know how to pick the working system from the non-working ones. And the retention rate is unbelievable, if the system keeps profiting, the customers won't cancel, ever. Stay away from systems promising too much, promising the holy grail(there is none in forex), they have crazy refund ratios, 20-40%. Honest systems convert like crazy, as the times when people bought robots, just because they are new, are over. Now people know that most don't work.
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    • Profile picture of the author filthypunk
      Originally Posted by OnlineAddict View Post

      Forex is a great niche, but you need to know how to pick the working system from the non-working ones. And the retention rate is unbelievable, if the system keeps profiting, the customers won't cancel, ever. Stay away from systems promising too much, promising the holy grail(there is none in forex), they have crazy refund ratios, 20-40%. Honest systems convert like crazy, as the times when people bought robots, just because they are new, are over. Now people know that most don't work.
      With a bot, it's pretty easy to test it by first running its backtest on the historical data in the MetaTrader4 platform and then running it on a free demo account with a brokerage for a couple of months. Not sure the manual trading systems are in much demand because the Forex customers are mainly lazy and like all the work done for them (even by a bot). Also, if a manual system is in a form of ebook, they will refund 100% and just keep it afterwards, as there's no way to take it back from them (while a bot's license key easily gets deactivated on the vendor's server). If it's some on-site video course or a series of webinars, hardly anyone will bother to spend time on it and will likewise refund it to later spend their money on the next thing.

      What good commercial Forex bots do you know? I've been promoting the biggies (FAPTurbo, Megadroid etc), now there's much fuss and buzz about their new thing by the name Forex Striker, scheduled for release next week. Any other good ones?
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      • Profile picture of the author OnlineAddict
        Originally Posted by filthypunk View Post

        With a bot, it's pretty easy to test it by first running its backtest on the historical data in the MetaTrader4 platform and then running it on a free demo account with a brokerage for a couple of months. Not sure the manual trading systems are in much demand because the Forex customers are mainly lazy and like all the work done for them (even by a bot). Also, if a manual system is in a form of ebook, they will refund 100% and just keep it afterwards, as there's no way to take it back from them (while a bot's license key easily gets deactivated on the vendor's server). If it's some on-site video course or a series of webinars, hardly anyone will bother to spend time on it and will likewise refund it to later spend their money on the next thing.

        What good commercial Forex bots do you know? I've been promoting the biggies (FAPTurbo, Megadroid etc), now there's much fuss and buzz about their new thing by the name Forex Striker, scheduled for release next week. Any other good ones?
        Backtesting is totally useless, its just used to sell crappy EAs, which work only in theory, but not under real market conditions. And 99% forex robots just use patterns which only work on demo accounts, but not real accounts. Tight stop losses and going after few pip in each trade, that can work on a demo, but on a real market with spread changing all the time and brokers hitting stop losses which are too near to the actual price, it simply can't work. Promote something that works and you will have happy rebilling customers.
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        • Profile picture of the author filthypunk
          Originally Posted by OnlineAddict View Post

          Backtesting is totally useless, its just used to sell crappy EAs, which work only in theory, but not under real market conditions. And 99% forex robots just use patterns which only work on demo accounts, but not real accounts. Tight stop losses and going after few pip in each trade, that can work on a demo, but on a real market with spread changing all the time and brokers hitting stop losses which are too near to the actual price, it simply can't work. Promote something that works and you will have happy rebilling customers.
          I have no problem setting up a small real-money test account with a brokerage once the bot proves good on both backtests and demo tests. Many affs actually do this very thing and later use in their promotions after they accumulate enough profits on that account.
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  • Profile picture of the author Randall Magwood
    Nope. FapTurbo (forex software) won't make you rich... no matter what the practice simulation does for you.
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    • Profile picture of the author filthypunk
      Originally Posted by Randall Magwood View Post

      Nope. FapTurbo (forex software) won't make you rich... no matter what the practice simulation does for you.
      I don't mean trading with it, I mean selling it.
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  • Profile picture of the author RogueOne
    Originally Posted by filthypunk View Post

    the way to go as opposed to the mainstream IM which appears to be an oversaturated niche at the moment to me.
    In Forex you are competing against giants in the affiliate industry. Deep, deep sites full of more info. then the average person could ever assemble on their own, especially if they have no knowledge of the subject.

    If you really want to give it a try, I suggest setting up one of the "white label" sites offered by the bigger companies.

    Don't ever think that the Forex "product" market isn't saturated. It is, by heavy hitters.

    Good luck.
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  • Profile picture of the author Dan Curtis
    Originally Posted by filthypunk View Post

    I've been following it for a while and there seems to be cash there.
    I can't tell if your statment is intentionally or inadvertently ironic.

    Seems to be cash there? In Forex?

    This, from investopedia.com: "The forex market is the largest, most liquid market in the world with an average traded value that exceeds $1.9 trillion per day and includes all of the currencies in the world." So yes, there's cash there.

    But are you going to get any of it? Almost certainly not if you trade it, and unlikely if you are trying to sell the usual worthless products to the next sucker in order to make a buck.

    Do yourself and the world a favor. Find a real product (like fragrance free soap or homemade dog biscuits.) And make a real website. And sell some.
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  • Profile picture of the author fiverrfreak
    Forex is a good niche but its difficult to maintain. If you are able to get an honest system then you will get good conversions.
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    • Profile picture of the author Alexa Smith
      Banned
      Originally Posted by fiverrfreak View Post

      If you are able to get an honest system then you will get good conversions.
      If you can "get an honest system", then you wouldn't need to be an internet marketer at all (and certainly wouldn't want anyone else getting the system). http://www.warriorforum.com/off-topi...ml#post6565670

      The reality, of course, is that the conversions to which you refer have very little to do with how good the system is, but very much to do with how good the sales page copywriter is.
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      • Profile picture of the author filthypunk
        Originally Posted by Alexa Smith View Post

        If you can "get an honest system", then you wouldn't need to be an internet marketer at all (and certainly wouldn't want anyone else getting the system). http://www.warriorforum.com/off-topi...ml#post6565670

        The reality, of course, is that the conversions to which you refer have very little to do with how good the system is, but very much to do with how good the sales page copywriter is.
        True that, the pitch decides everything, and many punters don't even use the system after the purchase, let alone bothering to refund. I don't think one would necessarily want to keep an honest system to oneself as opposed to selling it. No Forex system works forever and you never know when exactly it will hit the dust all along with your trading account deposit. Even for the time it works, to make tons trading, you have to risk tons while with selling you don't.
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      • Profile picture of the author OnlineAddict
        Originally Posted by Alexa Smith View Post

        If you can "get an honest system", then you wouldn't need to be an internet marketer at all (and certainly wouldn't want anyone else getting the system). http://www.warriorforum.com/off-topi...ml#post6565670 .
        Why not? A good forex system is any system that can make 1%+ profit per month. Forex isn't going to make millions to anyone who doesn't spend millions. And even if you have a system making 10% per month, you still need a lot of money to make a lot of money. And other people using the same system won't change anything in its profitability, 1000 traders won't have any influence on a trillion dollar market. So I don't see the logic behind your post.
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  • Profile picture of the author Chris Chicas
    I def wouldn't recommend Forex for beginning marketers. The industry is tough to crack and you need a good budget to get the wheels rolling, plus the right know how. I guess you can say this for just about any niche in our industry yet Forex is particularly tough.
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    • Profile picture of the author filthypunk
      Originally Posted by Christian Cee View Post

      I def wouldn't recommend Forex for beginning marketers. The industry is tough to crack and you need a good budget to get the wheels rolling, plus the right know how. I guess you can say this for just about any niche in our industry yet Forex is particularly tough.
      Have you tried it yourself?
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  • Profile picture of the author JeremiahSay
    Take a look at Campbell's forex review site: Forex Robots (Best Forex EAs | Expert Advisors) Reviews, plus FX Signals & Trading Systems

    I have been following Campbell's forex review site when he first got started 3 years ago. Over this period I have seen how his site has grown and right now he's currently making a decent 6 figure a year in affiliate income.

    If you think you can make a site like this and willing to spend time to grow the site then by all means go ahead and participate in the forex niche.

    I don't recommend anyone to go to forex niche, its a real tough nut to crack. However, if you have full of passion in forex and willing to make sacrifices then I'm sure you can do it too.

    Good luck,
    Jeremiah
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  • Profile picture of the author fxstay
    earn from forex trading is hard because it needs a least 5 years experience
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    • Profile picture of the author filthypunk
      Originally Posted by fxstay View Post

      earn from forex trading is hard because it needs a least 5 years experience
      For that very reason, I'd rather sell than trade.
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  • Profile picture of the author Abraham L
    Forex is a very competitive niche. people are looking for free information all over the place.

    If you presell the product the right way, you could make sales.
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    • Profile picture of the author filthypunk
      Originally Posted by Abraham16 View Post

      Forex is a very competitive niche. people are looking for free information all over the place.

      If you presell the product the right way, you could make sales.
      And what's the right way to you?
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  • Profile picture of the author tommmi
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  • Profile picture of the author filthypunk
    So where do I learn this? Apart from stuff like "you just hang around all those free sites.."
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  • Profile picture of the author Adamw
    I've heard that that niche is way too competitive but, maybe that is because it converts well. There seems to be a lot of Click Bank products that have a high gravity. The repeat commissions are an attractive thought though.
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    • Profile picture of the author filthypunk
      Originally Posted by Adamw View Post

      I've heard that that niche is way too competitive but, maybe that is because it converts well. There seems to be a lot of Click Bank products that have a high gravity. The repeat commissions are an attractive thought though.
      That's what I figured too. Complex niches are seldom competitive, the affs prefer going for simpler stuff - unless there's a complex niche which converts well and makes the hassle worth it.
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  • Profile picture of the author argangapoi
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    • Profile picture of the author filthypunk
      Originally Posted by argangapoi View Post

      I personally would never get involved in something like that. I accepted to write this article because I really believe that MLM is a joke.
      What article?
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      • Profile picture of the author Alexa Smith
        Banned
        Originally Posted by filthypunk View Post

        What article?
        It's just a bot, I think. All of "his" posts are just pasted in excerpts from other peoples' posts. I've reported 3 or 4 of them, and the next passing moderator will remove them and it/him.
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  • Profile picture of the author travlinguy
    Forex is a major market not a niche. And there's plenty there though it's very competitive. To be successful in a huge market like this you need to chunk down some. In other words, work one of the actual niches within the market. There are many trading systems, software trading programs, etc. you might want to try. It's not an easy market to break into as the people doing well with it are often very experienced in Forex trading. There are easier fish to land.

    BTW, interesting screen name. Instills trust and confidence. Makes me want to get to know you better and do lots of business with you. :rolleyes:
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  • Profile picture of the author filthypunk
    Originally Posted by travlinguy View Post

    Forex is a major market not a niche. And there's plenty there though it's very competitive. To be successful in a huge market like this you need to chunk down some. In other words, work one of the actual niches within the market. There are many trading systems, software trading programs, etc. you might want to try. It's not an easy market to break into as the people doing well with it are often very experienced in Forex trading. There are easier fish to land.
    I wonder if it's a potential two-way income. People will hardly be buying with no solid proof, so real-money trading accounts will need to be set up to collect that proof and later show it to those purchasing through you. If a bot is a working one, there can be cash made both from the trading and the sales. It's just important to keep an eye on it for a turning point if its strategy happens to get outdated.

    Originally Posted by travlinguy View Post

    BTW, interesting screen name. Instills trust and confidence. Makes me want to get to know you better and do lots of business with you. :rolleyes:
    Thank you kindly. I was trying hard while picking the right one.
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    • Profile picture of the author shane_k
      Originally Posted by filthypunk View Post


      People will hardly be buying with no solid proof, so real-money trading accounts will need to be set up to collect that proof and later show it to those purchasing through you.
      Do the vendors in the Forex market not provide you with this "proof"?

      I would assume that they would want to give you as much tools as they can to help you sell their products because they want you to be successful, because when you are successful they make more money.

      Also, I would think that they themselves would have done the "real-money trading" to know that their bots work.

      I personally would not choose to promote a product from a vendor who expects me to do this "real-money trading" expecting me to sacrifice my hard earned cash to prove his product works. Because that is me taking all the risks and the vendor none.

      Maybe I am not understanding you, but why would you want to take the all the risks and the vendor getting all the rewards?
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      • Profile picture of the author filthypunk
        Originally Posted by shane_k View Post

        Do the vendors in the Forex market not provide you with this "proof"?

        I would assume that they would want to give you as much tools as they can to help you sell their products because they want you to be successful, because when you are successful they make more money.

        Also, I would think that they themselves would have done the "real-money trading" to know that their bots work.

        I personally would not choose to promote a product from a vendor who expects me to do this "real-money trading" expecting me to sacrifice my hard earned cash to prove his product works. Because that is me taking all the risks and the vendor none.

        Maybe I am not understanding you, but why would you want to take the all the risks and the vendor getting all the rewards?
        At this point, punters might view any proof coming from the vendor as bogus, as most Forex bots have been promoted with such vendors' "proof" and turned trash, the working ones are rare. Yet for a punter who got burned couple of times there's no way to know which is which. So if an aff comes up with their own trading statement saying "hey, I've tried this out and here's what it trades like, have an investor password to my trading account", peeps go for it a lot more than for the vendor's proof alone. Vendors don't require this of the affs, it's up to the affs to come up with a way to surpass their competitors.
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      • Profile picture of the author Alexa Smith
        Banned
        Originally Posted by shane_k View Post

        Do the vendors in the Forex market not provide you with this "proof"?
        Yes, but it can all be "backfitted".

        They play around with "EA's" with hindsight, on the results, and if you do that it's easy to find one that's made 6 months' profits. And they can prove that, for what it's worth - which isn't a lot: they typically have no more chances of making profits over the next 6 months than a random one you pluck out of the air. "Correlation is not causation".

        Sorry, I'm not actually in this niche at all, as a marketer myself (and wouldn't touch it with a barge-pole) but I always jump into conversations about it because my father's done it for a living all my life (trading forex professionally, I mean, not selling forex products/services!), and I do about 15-20 little trades per month myself, so it's almost "in my blood".
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  • Profile picture of the author kencalhn
    as a recognized world-published expert on the topic, I can safely say that the vast majority of content out there for retail traders (including software/bots/courses) is utter rubbish.
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    • Profile picture of the author filthypunk
      Originally Posted by kencalhn View Post

      as a recognized world-published expert on the topic, I can safely say that the vast majority of content out there for retail traders (including software/bots/courses) is utter rubbish.
      As a non-expert, I can say the same. The idea is to pick those few working ones and promote them.
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  • Profile picture of the author wfvoodoo
    I trade forex and do quite well from it but my method is very intuitive and based more on fundamental news, macro factors so very hard to teach someone, I just learnt it from year of working in and following finance and markets. Most of the successful tuition models are based on technical analysis (charting) which is not my area or expertise.

    I think it is a popular area and you can make money from it. There was a famous example in Japan of a guy who created a system (well mainly tweaked existing ones) and target marketted it successfully to Japanese housewives with plenty of time on their hands. He was massively successful to the point where theses housewives all grouped together and following the same system could move the market quite significantly.
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  • Profile picture of the author TrafficBot
    As a person in the forex niche, I can wholeheartedly say yes there is money in this niche. There is even more money now because of the volatile currency markets, trouble in europe, the us currency crisis, etc. Now would be a good time to jump on board the forex bandwagon.
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    • Profile picture of the author Dan Curtis
      Originally Posted by TrafficBot View Post

      As a person in the forex niche, I can wholeheartedly say yes there is money in this niche. There is even more money now because of the volatile currency markets, trouble in europe, the us currency crisis, etc. Now would be a good time to jump on board the forex bandwagon.
      Thank you for this unvarnished effort make yourself some money by promoting nonsense to the unwary.

      "Now would be a good time to jump on board the forex bandwagon," that is of course if you are intent on losing your last cent or don't mind taking advantage of others.

      Why do I say this? Because, if you know anything about "the forex niche" as you claim, you know that it is that last place for new people to get involved. Anyone asking anything about forex on an internet discussion board has no business anywhere near it.
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      • Profile picture of the author filthypunk
        Originally Posted by Dan Curtis View Post

        Thank you for this unvarnished effort make yourself some money by promoting nonsense to the unwary.

        "Now would be a good time to jump on board the forex bandwagon," that is of course if you are intent on losing your last cent or don't mind taking advantage of others.

        Why do I say this? Because, if you know anything about "the forex niche" as you claim, you know that it is that last place for new people to get involved. Anyone asking anything about forex on an internet discussion board has no business anywhere near it.
        What alternatives do you suggest?
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      • Profile picture of the author OnlineAddict
        Originally Posted by Dan Curtis View Post

        Why do I say this? Because, if you know anything about "the forex niche" as you claim, you know that it is that last place for new people to get involved. Anyone asking anything about forex on an internet discussion board has no business anywhere near it.
        One of my customer has $10k profit on a $10k account, he doubled his money in 2 months. And I don't really care if you believe it or not, as I'm not looking for either customers or affiliates here, just stating a fact, not promoting anything.
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  • Profile picture of the author filthypunk
    Originally Posted by Ken_Caudill View Post

    It's only a matter of time before the CFTC or some other regulatory body starts putting people in jail for the outrageous claims made by non-licensed people in the forex niche.

    I'm surprised they haven't already.
    The regulatory bodies regulate financial institutions (brokerages, banks etc). They don't regulate software sales.
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    • Profile picture of the author filthypunk
      Originally Posted by Ken_Caudill View Post

      I see. No one is solicited to open an account directly or indirectly through the sale of software.

      Good luck on that.

      If the CFTC don't get ya, the FTC will.
      They would first have to shut down nearly all IM products which we don't see happening either.
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      • Profile picture of the author filthypunk
        Originally Posted by Ken_Caudill View Post

        Really?

        I didn't know that.
        Now you do.
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  • Profile picture of the author lachlandv
    plenty of cash in it...but forex niche sites been beaten to death
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    • Profile picture of the author filthypunk
      Originally Posted by lachlandv View Post

      plenty of cash in it...but forex niche sites been beaten to death
      In what sense beaten to death?
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  • Profile picture of the author OnlineAddict
    Originally Posted by Ken_Caudill View Post

    It's only a matter of time before the CFTC or some other regulatory body starts putting people in jail for the outrageous claims made by non-licensed people in the forex niche.

    I'm surprised they haven't already.
    You mean like claims "how to make $20k online within 30 days" used by worthless e-books?
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    • Profile picture of the author OnlineAddict
      Originally Posted by Ken_Caudill View Post

      Yeah. Only different.

      <sigh>
      We would actually need to close down every business then, because they all exaggerate. Even in McDonalds you don't get to eat the hamburger you see on the pictures. I'm still all for it, if they ban all fake advertisement like this, I wouldn't mind.
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  • Profile picture of the author prasanth5
    I think Forex niche although exciting can be more expensive when compared to the other niches. This may be due to the fact that it needs quite a lot of investment and it works on cash deals.
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    • Profile picture of the author filthypunk
      Originally Posted by prasanth5 View Post

      I think Forex niche although exciting can be more expensive when compared to the other niches. This may be due to the fact that it needs quite a lot of investment and it works on cash deals.
      Most affs run Forex bots on free demo accounts with brokerages which cost nothing. Only some do it on real-money accounts, which indeed involves extra cost, yet being more rewarding in terms of sales, as such proof is regarded much higher by the prospective customers.
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      • Profile picture of the author OnlineAddict
        Originally Posted by filthypunk View Post

        Most affs run Forex bots on free demo accounts with brokerages which cost nothing. Only some do it on real-money accounts, which indeed involves extra cost, yet being more rewarding in terms of sales, as such proof is regarded much higher by the prospective customers.
        If you make a review site for example, pick 5 good systems from other websites(check rankings, profitability, etc, on real accounts), open 5 broker accounts with $500 in each, you only spend $2500 all together and showing those real stats can get you conversions you wouldn't believe. And that amount of money is not much...if I counted all the advertising that didn't bring me anything, like PPC, banners, text links, it would have been over $100k on which I didn't make any profit.
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        • Profile picture of the author filthypunk
          Originally Posted by OnlineAddict View Post

          If you make a review site for example, pick 5 good systems from other websites(check rankings, profitability, etc, on real accounts), open 5 broker accounts with $500 in each, you only spend $2500 all together and showing those real stats can get you conversions you wouldn't believe. And that amount of money is not much...if I counted all the advertising that didn't bring me anything, like PPC, banners, text links, it would have been over $100k on which I didn't make any profit.
          Thanks. That's exactly what I've been thinking of. I'll do this with the top Forex bots for a start (FAPTurbo, Megadroid, PipJet, the upcoming Forex Striker) and toss in a couple more after checking the performances and ratings on other review websites.
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          • Profile picture of the author OnlineAddict
            Originally Posted by filthypunk View Post

            Thanks. That's exactly what I've been thinking of. I'll do this with the top Forex bots for a start (FAPTurbo, Megadroid, PipJet, the upcoming Forex Striker) and toss in a couple more after checking the performances and ratings on other review websites.
            Fapturbo is done, it worked in the past, not anymore. Try places like donnaforex.com, mellyforex.com, forex-fxtrader.com, they do real tests with all kinds of robots.
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            • Profile picture of the author Omega12345
              Hi I am new to this board,

              my question is lets say we forget about the traditional FXBots, what about selling signal systems that are more discretionary?

              Also I have always been wondering if selling these services requires a licence from what i can tell as long as you dont make any claims and have the required disclaimers you are ok
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              • Profile picture of the author filthypunk
                Originally Posted by Omega12345 View Post

                Hi I am new to this board,

                my question is lets say we forget about the traditional FXBots, what about selling signal systems that are more discretionary?
                In my experience, people tend to prefer bots over signals/strategies as the latter require a certain degree of permanent commitment of time and effort.

                Originally Posted by Omega12345 View Post

                Also I have always been wondering if selling these services requires a licence from what i can tell as long as you dont make any claims and have the required disclaimers you are ok
                You don't need a financial services license for it. The law requires you to have all the proper disclaimers in place where needed (that no financial advice is being provided, that no guarantee is given, that simulated and past performance is not indicative of future performance, that a high degree of risk is involved etc - see examples on the vendors' websites).
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                • Profile picture of the author Omega12345
                  Originally Posted by filthypunk View Post

                  In my experience, people tend to prefer bots over signals/strategies as the latter require a certain degree of permanent commitment of time and effort.


                  You don't need a financial services license for it. The law requires you to have all the proper disclaimers in place where needed (that no financial advice is being provided, that no guarantee is given, that simulated and past performance is not indicative of future performance, that a high degree of risk is involved etc - see examples on the vendors' websites).
                  Hmm I now understand why bots are so popular. Thanks!
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  • Profile picture of the author Madush
    Banned
    it is a very hard niche
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    • Profile picture of the author filthypunk
      Originally Posted by Madush View Post

      it is a very hard niche
      What are the easy ones?
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  • Profile picture of the author tjaysen70
    Yeah forex is a huge market and there are good products and bad products just like any huge niche. You can make a ton of money in this niche as an affiliate. Be prepared to have some cash to spend on PPC though.
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    • Profile picture of the author celente
      Originally Posted by tjaysen70 View Post

      Yeah forex is a huge market and there are good products and bad products just like any huge niche. You can make a ton of money in this niche as an affiliate. Be prepared to have some cash to spend on PPC though.
      Yes i agree with this statement.

      We have our main products and membership sites in this niche, not forex but similar.

      And we do have a payper call on larger affiliate products, so we have good sized cash to spend on PPC to bring customers into our funnel

      what this easy? MY GOD NO!!! lots of testing and tracking, and lot of hard work....but it has paid off. This niche is very lucrative if you have a bit of knowlege and market smartly.
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      • Profile picture of the author filthypunk
        Originally Posted by celente View Post

        Yes i agree with this statement.

        We have our main products and membership sites in this niche, not forex but similar.
        What exactly is your niche?
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  • Profile picture of the author mr@new
    as for trading forex .. consistency is an issue. you need a solid system with godly-discipline to make it in the long run. I am not about talking about a few profitable months. I am talking a few profitable years.

    as for forex IM .. I am trying that out.

    I am a forex trader, profitable one at that. So while its going great, I want to test out IM around that niche since I can produce content, write ebooks, create videos etc.
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  • Profile picture of the author mr@new
    as for trading forex .. consistency is an issue. you need a solid system with godly-discipline to make it in the long run. I am not about talking about a few profitable months. I am talking a few profitable years.

    as for forex IM .. I am trying that out.

    I am a forex trader, profitable one at that. So while its going great, I want to test out IM around that niche since I can produce content, write ebooks, create videos etc.
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  • Profile picture of the author Anton543
    I don't trade Forex but it took me around two years to become consistently profitable day trading stocks and index futures. I procrastinate a lot with my websites but with trading you simply can't afford to. By the way, stay away from Forex and trading courses that people sell. You have to learn with the free information available on the web and some excellent trading books (you can get these used from Amazon or eBay for few pounds or dollars depending whether you're in the UK or US), particularly about technical analysis, and I'd also recommend you do significant amount of paper trading on demo before you play with real money. You must have a strategy(ies). Never ever trade the markets randomly.
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