[FAP Turbo Guide - getting the most of automated forex trading] How to make 7...
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FAP Turbo Guide Team
May 11, 2009, 10:07:24 AM5/11/09
to fapturboguid...@googlegroups.com
As we have mentioned several times before, using Expert Advisors in forex trading can be very profitable. We managed to grew the Alpari Live Account 1 by 36% in April only.
There is however a way to make even more money. If you could trade large volumes using expert advisors and these only made a very small profit, just about to cover the cost of the spread, taking your account balance back to zero again, you can still make plenty of money.
Brokers make money on spreads and commissions. When your turnover is very large, your broker make a lot of money from your trading. Is there a way to get a discount on all this money your broker is making from your trading?
Well, actually there is; Cashback Forex offers an excellent kickback program where you as a trader can claim back some of the money they are making on you.
Lets take a look at the following example:
Assume that you open an account with FXCM (a broker that we will begin testing this week) which offers 0.6 pip discount per roundtrip Lot traded. One pip equals about USD 8 on average if you trade EURUSD, EURCHF and EURGBP. Lets say that you deposit USD 2000 on the account. Our estimate is that you will turn over about 10-15 Lots per USD 1000 per month on your account when using FAP Turbo and Megadroid. Assume that your turnover is 24 Lots per month on your USD 2000 account.
Your monthly discount during the first month would then be:
0.6 x 8 x 24 = USD 115
Your annual ROI would then be (115x12/2000) about 70% per year.
This is a very conservative figure since it does not take any compounding at all into regard and assumes zero growth from expert advisors. Assuming a monthly growth rate of 20% you could make USD 4500 per year from this program only.
Your spreads or commission remains the same after joining this program so there is really no reason why not to join. Its simply just money waiting to be collected by you!
FXCM is not the only broker connected to Cashback Forex. You can also claim a discount from the following brokers: eToro, Gallant FX, Dukascopy, PFG Best, Marketiva, Liteforex, Alpari UK,Fxopen, Avafx.
For more information on how to join, please check Cashback Forex
FAP Turbo Guide Team
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Upplagd av FAP Turbo Guide Team på FAP Turbo Guide - getting the most of automated forex trading den 5/11/2009 06:52:00 fm
There is however a way to make even more money. If you could trade large volumes using expert advisors and these only made a very small profit, just about to cover the cost of the spread, taking your account balance back to zero again, you can still make plenty of money.
Brokers make money on spreads and commissions. When your turnover is very large, your broker make a lot of money from your trading. Is there a way to get a discount on all this money your broker is making from your trading?
Well, actually there is; Cashback Forex offers an excellent kickback program where you as a trader can claim back some of the money they are making on you.
Lets take a look at the following example:
Assume that you open an account with FXCM (a broker that we will begin testing this week) which offers 0.6 pip discount per roundtrip Lot traded. One pip equals about USD 8 on average if you trade EURUSD, EURCHF and EURGBP. Lets say that you deposit USD 2000 on the account. Our estimate is that you will turn over about 10-15 Lots per USD 1000 per month on your account when using FAP Turbo and Megadroid. Assume that your turnover is 24 Lots per month on your USD 2000 account.
Your monthly discount during the first month would then be:
0.6 x 8 x 24 = USD 115
Your annual ROI would then be (115x12/2000) about 70% per year.
This is a very conservative figure since it does not take any compounding at all into regard and assumes zero growth from expert advisors. Assuming a monthly growth rate of 20% you could make USD 4500 per year from this program only.
Your spreads or commission remains the same after joining this program so there is really no reason why not to join. Its simply just money waiting to be collected by you!
FXCM is not the only broker connected to Cashback Forex. You can also claim a discount from the following brokers: eToro, Gallant FX, Dukascopy, PFG Best, Marketiva, Liteforex, Alpari UK,Fxopen, Avafx.
For more information on how to join, please check Cashback Forex
FAP Turbo Guide Team
--
Upplagd av FAP Turbo Guide Team på FAP Turbo Guide - getting the most of automated forex trading den 5/11/2009 06:52:00 fm
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