A Private Website for Friends Of Bruce H. – Forex & Passive Income
Here is one way to thrive by being more rather than doing more and profit by having your $$$ work for you rather than you working for money
From: Bruce H.
Since the beginning of March, 2010 I have been evolving a safe and reliable strategy for generating passive income from an initial small investment in the Foreign Currency Exchange Market (Forex). The idea here is to take a modest initial investment of $500-$3000 and have that account grow (safely) at an average 5-10%+ monthly. In the fall 2011 I want to share this strategy with close friends who are interested so that they might benefit also.
I know that something like a 5-10% monthly, or even 10% annual growth rate on any investment today would be considered outrageous and extremely high risk. The reality is that Forex, like any investment does have its risks. At the same time, we are NOT talking about speculation such as is done with stocks, mutual funds, real estate, precious metals, etc. Instead this is a process that involves making numerous (currency) trades throughout the month where each trade is risking only a small percentage (2-5%) of the total account value. The account’s profitability is dependent on utilizing successful live trader(s) and software delivery to translate the trades directly to my account.
Trading in the Forex market can be one of the safest and most profitable places to invest. In fact trading forex by individuals such as you and me was not even possible until about 10 years ago when forex trading platforms were designed for the Internet. Presently I am using a US broker who is a member of the NFA (National Futures Association) and regulated by the CFTC (US Commodity Futures Trading Commission)
I was first introduced to Forex just after it became available to individual investors. I put several thousand dollars in a forex account in 1999 and the money doubled in less than a year. I needed the money at the time and closed the account. I didn’t think much about it again until I recently started hearing stories about the good success of some forex investors who were profiting during this latest financial crisis.
Most of my focus with Forex has been to achieve the greatest amount of control over my accounts without actually being a trader myself. I did have to learn how to trade in the process however to understand all the intricacies of managing an account. One of my challenges however is that the Forex market is most active 11PM-9AM PST. This is NOT a time that I would generally choose to work. In the beginning though I did stay up late into the night in order to study the markets and watch my trades.
At one point I was about to hire a man in India, whom I was training, who would open trades for me during the London open (midnight my time) with the idea that I would take over in the morning. But just before doing this I learned that I could purchase the signals of other successful traders for a price considerably less than hiring someone myself.
And since then, I have been in a process of searching for, discovering, and testing all the best independent traders that I could receive signals from, as well as find software programs (called robots) that automatically place and manage trades. My focus for the past several months has been to create an entirely automatic system where all my trades are opened and closed by live, professional traders utilizing specialized software programs. After all, my intention was to discover a means for generating a realistic passive income.
One of the difficulties I had in the beginning was in sorting through all the garbage online. The Internet is absolutely overflowing with over-hyped information, products and services associated with Forex. Just type “forex” into Google and you’ll see what I mean. In my own experience I had to “blow” two live accounts before I was able to find profitability in the third. In one case I lost $1200 in a single trade due to misplacing a decimal point while configuring some software. These types of lessons are ones that I would not want you to repeat.
The blessing is that I now know how to find and thoroughly evaluate live traders and automatic trading software. My accounts are becoming increasingly stable in positive territory at +5%/mo.. I expect my results to continue to stabilize and improve over time as I constantly monitor and refine my system. .
One of the principal advantages of Forex is its liquidity and the fact that it can be exchanged 24 hours/day 5 days per week. Only a small percentage (2-5%) of my money is placed in a trade at any particular time and it doesn’t matter at all if the economy or housing market is good, bad or ugly because trades are generally held for only a few hours, or sometimes for a day or two.
The last thing I would want to do is share something with you that has the potential to hurt your financial well being rather than improve it. This is why I need to watch and refine my accounts – to be certain that the accounts have a high probability of growing safely and consistently at 5-10%+ monthly.
In the video below a developer of a recently released forex robot demonstrates his live results for the past nine months. I have added this “robot” to my system and am checking it’s risk settings and performance. I will continue to add/delete new robots or traders depending on whether they fit into my parameters for risk and growth potential.
I should mention finally that I’m NOT talking about pooling your money or anything like that. I gave up my credentials as an Investment Advisor in 2009. Each investor would open their own brokerage account and would receive a daily emailed statement directly from the broker so you know exactly how your account is growing. My part would be in walking you through the steps necessary to duplicate my account. By the way, all my results are achieved on live accounts, not demo and in June 2011 I’ll begin sharing the exact trades my account has completed.
If you are interested in finding out more about how to grow a small investment using Forex, just let me know and I will be happy to share more detailed information with you after the final testing period ends in August, 2011. And if you would like to be a “beta-tester” and invest $100 -$1000 in June, let me know this also and you’ll be one of the first to get an account up and running. Of course you should only invest money you can afford to lose. While this particular program has a high degree of success as you’ll see, any investment of this type carries risks that you should be made aware of.
