Tag: earn online by stock trading

How I am making $$$$ Passive Income as a Wealthy Affiliate without any initial financial Investment



WA paypalI can say it was just a coincidence that I came across an online earning opportunity that has proven to me that there is unlimited earning potential online as affiliate marketer.

In fact, I was chasing a scam site called monthlyyouths.com and wished to find more information before I could decide to join the site if I found any convincing review online from those sharing their personal experiences.

Instead I came across a well elaborated scam review about monthly youth and the review author instead recommended joining the wealthy affiliate as the only online business opportunity with proven reliability.

Then I had to give it a shot since it costs nothing to join as a starter member and there is no compulsion to upgrade to a premium member for as long as one wishes but people voluntarily upgrade based on the more earning potential that would be unlocked.

As a starter member, one is able to earn by simply promoting the program and earning the affiliate commissions based on the number of referrals who opt for premium membership. The starter members are also entitled to recurring commissions of $11.25 on each referral premium membership renewal each month.

You can learn MORE HERE about the breakdown of how affiliate commissions are earned by the starter and premium members respectively.

Hey! Don’t be confused that it is just another pyramid scheme scam online. This is not just a program to recruit and recruit like many scams out there. Instead it is a program that gives the members the platform, training and access to tools and support aimed at creating successful online businesses. It is all about gaining the ability to create high ranking niche websites that provide leads to sales of affiliate products, earning you the percentage commission per sale.

After a little while of promoting the wealthy affiliate through the blogs and social sites, using the training skill I had freely acquired in starter member package, I was able to refer a few new members and some of them who found the opportunity worthwhile upgraded to premium membership, and it earned me affiliate commissions.

It was very exciting moments to wake up to emails as copy-pasted below;

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Congratulations Henry,

You’ve just made a Wealthy Affiliate commission. You can check the details of your commission by logging into your WealthyAffiliate.com membership and visiting your affiliate stats page:

https://my.wealthyaffiliate.com/share/stats

New Sale Details
———————————————————–
Commission from this sale: $4.00
Order ID: 0DW595417X076513B
———————————————————–
*********************************

After a month or so, it was the time to celebrate recurring affiliate commissions and it was exciting to receive other e-mails like below;

*********************************
Congratulations Henry,

You’ve just made a Wealthy Affiliate commission. You can check the details of your commission by logging into your WealthyAffiliate.com membership and visiting your affiliate stats page:

https://my.wealthyaffiliate.com/share/stats

Recurring Sale Details
———————————————————–
Commission from this sale: $11.25
Order ID: I-89LR4TE9PWK4
———————————————————–
*********************************

I wasn’t satisfied even though my earnings in wealthy affiliate account steadily increased- until I started receiving WA PayPal payments for the first time as shown below in the payment proof representing my latest payment.
https://blogjob.com/earnblog/files/2016/03/wealthy-aff-paypal-1.png
Click the to enlarge for a better view

Usually, the payments are sent on the first day of each month whenever the amount in the account balance reaches $25 dollars.

I now feel confident that I could be making $1000s if I was able to learn about this awesome online opportunity earlier and also assure everyone willing to start fulltime online business that the wealthy affiliate is the foundation and pillar to success. Anyway, I have decided to settle with my starter membership for a little while and enjoy the passive income, before going in full blast as a premium member.

Feel free to JOIN ME HERE for free and take a tour through the unlimited earning potential you will be exposed to. And also meet a community of awesome like-minded people who call themselves the wealthy affiliates. And feel the pride of becoming one of them too.

For any questions don’t hesitate to ask, but before that you can find all the answers to your questions within the WA once you join. Just click on the banner below and it will take you to your future paradise.



The reasons why the success in online trading is mostly short-lived

Most of the online currency or stock day traders join online trading sites expecting to double their invested finances within a short time span and get rich overnight, but only to become disappointed when they lose all their investment into the market even after gaining some profits consistently for a while.

Though some of the online trading platforms advice the users/traders to take precautions before investing on their platforms as well as warn the traders about the risk exposure, most of the platforms do not rely on the normal factors influencing the currency exchange rates in running their platforms, instead manipulate the system to ensure that most of the investors lose as compared to those who gain; of course that is the way trading platforms make money online.

This can be confirmed by one example found on the online platform called etoro. After being a trader there for almost a year, it dawned to me that the system is always manipulated to act against the expected trends as could be confirmed by the changes in factors affecting the currency exchange rates. As the result, many traders are caught by surprise when the market moves the wrong direction and the trades are closed in losses.

Initially, it was never a problem when the market acted against the opened trades of the traders, since they could hold their trades and wait for the market recovery so that the trades can be closed in profit, which is not possible anymore since the introduction of the overnight rollover fee, charged to the account balance. This means that the longer the trader holds the trades, the more he is charged.

As anyone invests in any online trading platform, just get it straight that it is just a game of gain and loss, there is a probability to gain for a while before losing everything afterwards. This is to clarify that your general knowledge and skill about forex cannot determine your success in online trading.

Online forex trading is for the patient not the greedy

Forex is not for the greedy. By being greedy, one is bound to lose more especially when he invests in a trade that performs well and closes it with good gains, whereby he can become convinced that he/she would have made more if he invested a lot, ending up to invest all his money in the market which ends up going the wrong way and lose everything.

For example; imagine you have opened a trade with $40 dollars with the high leverage of about 400%. The market moves in favour of your trades, and within a few hours, you close your trades in a gain of over $200 dollars, over five times the original equity invested.

Full of the winning excitement plus greed, driven by the urge to make more money as well as imagining, or wondering what if you had initially invested $200 dollars.

After doing your math about the possibilities of having made over $1000 dollars in case you invested $200 dollars within the same period of time, and thus you reach the final decision of making a killer investment.

You end up making the investment of all the equity in your trading account. At first, things look good but only for a short period of time. Then suddenly, the financial investment news is received on the online trading platform you are trading on. The trading trends change and before you act, you find that all your money has been lost to the trading platform.

This is the exact picture that I am seeing on etoro, the largest online trading platform in the world, whereby most of the traders who achieve to belong to the popular investors group do not shine for long without blowing their investment account and going back to the drawing board to revise their trading strategy and come back to try their luck trading cautiously.

Online trading is like gambling and that is why there is a warning not to invest the amount of money not ready to lose.

Sometimes, it is better to stay away from forex trading than risk everything

The reality of forex is winning or losing, nobody can dispute that.

The general winning trick about online CFD trading is in the right timing of when to open and close trades by ensuring that your trades operate within the margin of safety with the minimized risk, but expecting a big gain.

There are times when the traders can be certain about the market trends and that would be the right time to open trades investing in the CFD instruments with well determined market movement in favour of the trades involved.

But there also exist the times when that market trends are so uncertain and anyone expects the market to move in any direction without warning, meaning that it would result in a loss or a gain depending on the trades opened by the trader.
For example, assuming one has opened the sell positions on a certain instrument, he would have
the winning trades if the currency pair involved loses value and there happens the downward movement of several pips.

The opposite would happen if the currency pair one is holding open gains in value and there occurs the upward movement in the currency exchange rate, whereby unless the trader acts quick to cut the losses, the movement would hit the stop loss and the trader will lose all the investment involved.

On etoro, the largest online trading platform where most of the traders trade by copying the successful traders whose trading strategy can be relied on based on the past performance of the trader as it can all be seen on the trader’s OpenBook.

It is very hard to place the full reliance on any good trader, since there are very few traders who can consistently close the trades in winning positions for long without getting caught up in the storm when the market trends act against the trades opened and force the trader to either close the positions in loss.

So it is better for some traders who are wise enough to avoid trading in uncertain times rather than open trade positions and end up losing everything to the market.

Most of the successful online CFD/ forex traders once lost their all initial investments

Trading in financial instruments whether through online trading platforms or the normal stock markets is a risk and therefore, there is no guarantee of making consistent gains by even the most experienced traders in the industry.

Every trader who invests his finances in online trading sites is always warned against the risks his investment is exposed to and it is assumed that one is ready to lose all the invested amount of money by the time he/she accepts the terms of use and makes his investment.

This is the point at which financial trading is seen as a gamble whereby the outcome is uncertain and is based on the factors beyond control which might result in the end that can be against the trader or in favour of him.

Based on my experience in financial trading on etoro, the largest online trading platform in the world with over 2 million members, I have come to notice based on the performance history of the popular investors/traders in their open book portfolio, they once lost all their initial investment but did not give up. Instead, they learnt the lessons out of their mistakes and gained confidence in trading with the view to cover up for the lost funds and change their trading strategy to trade safely by minimizing the level of risk.

Out of their persistence, patience and optimism that their success has been born from, one can learn that forex trading is not always about winning, but instead it is about how to reduce the risk and be able to earn constant gains in the long run by cutting the losses if one happens to make a wrong move.

As a dedicated online trader, one has to bear in mind that where there gain, there is also the risk attached but just expect the uncertain future market conditions to change in the favour of your investments. If you are interested in knowing more about online trading, click here to learn more.

Things you must have in order to successfully work online as the online forex day trader

As a dedicated online day trader, one is always faced by the risk of losing the invested amount of funds in case the financial market works in the opposite of the trades opened, whereby the trader should react swiftly to act accordingly to reduce the level of the losses at the right time.

According to online trading, time is money and the right decision has to be executed immediately, else any impeding factor to the execution of the required action can reduce the gains to losses within very few seconds.

Here are some of the most important factors to be considered before any trader is ready to trade on his own under minimum risk:
A reliable internet connection: This one is a must to have for anyone who is considering to venture into online day trading, whether as a hobby or as the main source of income. The fast and reliable internet connection will enable one to open trades and close them at the very right time the opportunity arises.

A good and reliable internet connection around the clock will also enable one to login to his trading account and perform any measures either to reduce the risk or increase the gains, without getting hindered.

The reliable source of financial information affecting the types of the instruments one has decided to trade: This information is very important to enable the trader make thoughtful long term investment decisions regarding the trading instruments that are likely to be affected by the certain geographical occurrences or ideological decision.

If you are interested in online trading but you are not up to date with the above factors, you should give it a break or else be ready for the disappointment when things run out of hand but you do not find yourself in the position to control them, ending up to lose all your initial investment.

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