pepperstonelogoThere are several reasons why trader want to deposit using Paypal. For one thing, Paypal is the most loved way to pay and get paid worldwide. Then, if you already an internet entrepreneur, let say you are working at certain freelancing sites or perhaps selling on eBay, then you should be able to accept Paypal and get paid. Brokers also love their traders to deposit whether using Paypal or Skrill because they can avoid credit card fraud. They won’t ask for more details such as screenshot of your credit card, because Paypal already verify that for them.

Another advantage of depositing money using Paypal, is the fact that forex broker will always return your money to whatever your deposit method is. For instance, if you deposit using Skrill, then brokers will return the money back to your Skrill account, which is a hassle, since Skrill has a little charge each time you deposit and withdraw. However, with Paypal, that’s another story. There is no deposit or withdrawal fee so it will be very convenient for new traders who are on low budget.

Being an online marketer myself and sometimes promote products from JVZoo network, I always get paid via Paypal. Therefore, I can always stay on budget whenever I trade forex or promote my website via paid ads.

If you are looking for a forex broker which accepts Paypal deposit, then you should go for Pepperstone. This is a legit broker based in Australia. At first I was somewhat skeptical to use Pepperstone because I was a big fan of XM.COM. While XM is also good, it only accepts deposit via Skrill or debit/credit card. Pepperstone has another advantage with Paypal deposit. I will dissect this review one by one:

  1. Spread. Pepperstone has lower spread compared to market maker type brokers. For EURUSD, the spread is 0 pip. For cross pair, it has less than 29 points (2.9 pips).pepperstone-spread
  2. Execution. In case you are worry about market maker, then Pepperstone is just for you.  This is an ECN type broker. The execution is fast and then you can rest assured that your trades are safe.
  3. Flexible leverage. One advantage of using Pepperstone is the fact they don’t provide too high leverage, that is more than 1:500. You can also change the leverage anytime via your client login. This is very helpful since each time you start losing or should I say, MC, you can make the leverage bigger and open the same amount or lots without having to deposit more. The maximum leverage is 1:500, which is very good. Like being mentioned times and time again in this site, you should never exceed your leverage point more than 1:100. Otherwise, you will start to get emotional and over trade.
  4. Great support to traders via live chat or email. This allows you to ask question and get answered as fast as you can.
  5. Always answer traders’ complaints at Forex Peace Army. This feature differentiates between legit forex brokers and the shaddy ones. I always refer to FPA to find out whether the broker is legit or not before signing up and give my personal info to them.
  6. Allows scalping. The spread is small, so yes, you can choose to scalp if you wish.
  7. Other deposit and withdrawal options. In addition to Paypal, Pepperstone also provides other methods to deposit and withdraw, such as Skrill, wire transfer and even deposit from other brokers.  Yes, if you already a trader from another broker, you can transfer fund from that broker to Pepperstone. pepperstone-deposit

Disadvantages:

  1. No deposit bonus. Some people love bonus points. Although I agree that bonus will make new traders to over trade, but in most cases, for instance in XM, you can even use the remaining bonus to trade and earn. no need to deposit more. However, Pepperstone doesn’t provide that kind of advantage. Heck they even warned traders about brokers which provide bonus.
  2. Minimum deposit is $200. This is actually somewhat big to some people, but still, in my opinion, $200 per month is just a small amount of money that you must afford to lose in order to earn at least $1000 per month.
  3. Some people claim that there is slip page and slow server, however, that depends. Slip page is common for almost every broker out there.

Other features:

  1. Swap free account. This feature is for Muslim. By choosing swap free account, you can avoid from receiving swaps for overnight position.
  2. Automated trading and custom indicators are allowed. Some people might prefer using EA robot or at least custom indicators to automate trading or make the life easier. In case you are in this type of trader, yes, you can use Pepperstone. 

Verdict:
Is Pepperstone recommended? Short answer, yes it is. If you are on low budget, forex broker which allows deposit and withdrawal via Paypal is highly recommended. You will maximize your earnings with Pepperstone.

pepperstonelogo

In this post, I’m going to review a Warrior Special Offer (WSO) created by a guy name Wolfmmiii. I never purchased that, but in the past, I’ve bought something similar and not to mention I’ve purchased up to 7++ WSO, including ready made Amazon websites like that. In this post, I’m going to mention why it won’t work and in fact I’ve seen that countless times.

Why is it a scam?wolfmii-scam
Simple, just look at the WSO thread and then it will mention Amazon website in just 30 minutes per day. No backlinking required. As someone who made $1000 – $3000 per month with SEO since 2011, I can tell that the statement is complete BS. Yes, while you could be getting traffic without backlinks but most of the competitive keywords for Amazon products are dominated by companies and super affiliates with their clever backlinking methods. Think about it this way – not just you who purchase that ready made website. There are hundreds of others who fall into that trap. Now, what if some of Wolmmiii customers get the same keywords as you are and then build backlinks? You will be outranked by him. It’s that simple.

As a matter of fact, this is exactly why keyword software like Market Samurai, Niche Finder and tons more are easily get obsolete – because lots of competition. When there’s too many people are using the same keyword software, buyers of the products will be competing with each other. And I suspect that Wolfmmiii actually used one of these software or at least research the keywords based on whatever outdated methods being taught in the past.

I also made money with both Amazon and Clickbank in 2011, but then since my overall revenue with Clickbank and JVZoo are at least 5 times better than Amazon, I focused more on Clickbank and didn’t actively promote Amazon products anymore.

List of Amazon related courses that I’ve bought
1. Rapid Profit Formula
This one is the best. It even tell the readers where to outsource the content for cheap and then the fundamental parts of SEO. In addition to the course, the creator, Matt Carter also gives useful tips to his list. Let me tell you, this course was making me money with just one thin Amazon review site.

2. Dan Brock Deadbeat Super Affiliate.
Again, Dan is a good guy, although some people complained that he promoted low quality products to his list. But overall, Dan’s stuff is the real deal. Again, this product was making me money and if I implemented it properly today, I will still be able to make money out of it.

3. Sara Young Easy Paycheck Formula
This course is about using free web 2.0 sites like Blogspot or Squidoo to make free money with affiliate programs. This course is geared for beginners. I never implemented it because by the time I’ve bought this course, I already owned 2 of Amazon courses mentioned above. But still, based on reviews at Warrior Forum, this is not a bad product to have.

After buying that many courses, I can tell right away that in order to make money with SEO, you need to get backlinks. Even if you do buy backlinks, there is no guarantee your traffic will convert since it depends heavily on the keywords that you are targeting on search engines.

How can Wolfmmiii give you money back guarantee?
Like being mentioned, I didn’t purchased this WSO. After being scammed by tons of WSO, I would dump them all. However, based on what I’ve read from Wolfmmiii customers, the process is quite easy. All he need to do is give you list of keywords that he assumed can make you money and less competitive. He will you a WordPress site, and after that, you are on your own. He won’t give you the content, you have to write those yourself.

His excuse NOT to refund your money – that is ranking on Google takes time
After writing around 20 posts or something, the clock is ticking. Remember, he only provided 30 days money back guarantee. Therefore, he will give you excuse that you need to wait around 4 weeks to get ranked. But then, after waiting almost one month, but still you cannot get ranked, he will refuse to refund. And then even if he wanted to, you will be asked to leave positive reviews in that thread so he can scam more buyers. In case you didn’t know, at Warrior Forum, your WSO thread will be bumped once your customers posted in that thread and therefore, more people will see your offer. Yes, he will refund you in exchange for traffic.

The truth about Warrior Special Offer like this
In the past, I’ve purchased one WSO called Newbie Commission Classroom from a guy name Gavin Stephenson. Gavin never tried some of the methods taught in that course but then he asked his students to do that. Not to mention his support is rude. In Newbie Commission Classroom, Gavin actually outlined several methods to make money with WSO. One of them is by getting automated SEO software such as Magic Submitter or SE Nuke and then offer SEO service via WSO. Now, SEO is not something that should be done by beginners even if you have quality software. If you purchased that kind of software without getting ranking on Google yourself, you are just cheating.

After the birth of Panda, Penguin, Hummingbird, that kind of services are dead and no longer available at Warrior Forum. Now, people are more into freelancing today. Yes, the best way to make money in 2016 is not affiliate marketing but freelancing and trading. As a matter of fact, lots of courses, even Constant Profits Club by Sara Young also focus on freelancing in one of the modules.

Affiliate marketing with Amazon is no longer relevant these days, unless you have an establish business offline and then promote Amazon products via your offline store in your country. If you are into Amazon, you should become a seller there via their FBA program. Otherwise, if one seller, especially via WSO are telling you that he can design Amazon websites for you, then click away from his thread because he is a total liar.

Update:
That Wolmii guy decided to leave a comment (see below) in this blog after this post appears on Google today, so I decided to take a look at his thread again. Yup, as expected there’s a lot of unhappy customers who claim that this didn’t work. Their posts might be deleted by mods soon, but here’s the screenshot. Even worse, he already started another WSO. If you take a look into his profile, you will realize that he opened countless WSOs. Yes, that’s how WSO sellers work.

wolfmii3

wolfmii4

wolfmii5

On the other hand, so ironic that Wolfmmiii actually claim that he is not going to scam anyone in that forum, Just look at his first post in that thread:

Wolf Web Marketing

Joan Altz was actually a Warrior Forum member. I’m going to leave an insight view about her website, Product Presto (productpresto.com). By the time I’ve written this post, I cannot access productpresto.com and Joan Altz was banned already. But, I’ve seen the video presentation once, and I can tell why that product won’t work. A little disclaimer here: I didn’t buy the product. But I’ve seen times and times again such rehash ideas years ago (PLR eBooks, resale rights) and yes, I did buy tons of PLR products + resale products back in 2007 when I was still new to internet marketing. And Product Presto is no different than those. OK let’s get straight to the point.

What is it?
It is actually a software where you can create another software and then sell to others. In other words, you have your own PLR products – but it is not another PLR/resale right course. It is actually a software. In the website, Joan Altz, or at least the one who speak in the video explain that people won’t buy ebooks anymore via WSO. OK, that’s a true statement by the way. Therefore, she presented the software called Product Presto.

How to make money with Product Presto
1. Purchase this software and then use it to create whatever software that you like.
2. Sell your new, brandable software via Warrior Special Offer.
3. Then, you will be making money.

In other words, Joan Altz don’t know how to get traffic to her products except via Warrior Special Offer. This is exactly why she didn’t provide any affiliate program on that website and not to mention productpresto.com is her signature in that forum. She was targeting fellow Warriors who are interested in ripping off people via WSO to purchase that and then rob others back.

Can anyone make money with Product Presto? Yes, by ripping off fellow Warriors
Once you’ve sold your own brandable software via WSO, expect to get lots of complaints to your Paypal email later on. And here’s why. People who bought Warrior Special Offers expect to make money with whatever they’re purchasing. So, if you create your own PLR software, sell via WSO and then your customers ask you “how to get traffic” or “how to build my list to sell this product” or “how can this product make money”, you won’t be able to answer them.

Why? Because Product Presto cannot help your customers get traffic. It’s that simple.
The reason why Product Presto won’t work is quite simple actually: If you are not able to get traffic to your website, especially when you are into online marketing, then you won’t be making the money. Too bad, whatever your new brandable software created by Product Presto is not going to drive you traffic. One of the best software that I know to drive traffic is called SE Nuke X, but still, it is NOT a brandable software. It is actually a monthly payment software, which cost the creator, Areeb thousands of dollars to create it and maintain it for years.

SE Nuke and that kind of automated software is less effective these days, and some people don’t like it, but still I am not reviewing SE Nuke here. I want to give you the idea of how good software products really worth for money and how the creators really care about the quality. Yes, it is not something that you can simply rebrand and sell back. Just look at good anti spyware or antivirus programs like Bit Defender, Counterspy, Trend Micro and more. Do you think that the creators of those spyware remover software just rehash the software from other companies? Of course not. They hired lots of specialist with years of experience.

While you can make money with Product Presto, is it consistent?
The answer is NO. Here’s why. That kind of business model won’t last long. Once you’ve cheated fellow Warriors, then you need to re-register using a new WF account or you might need to find JVs in your country to promote your product later on. Plus, newbies who are looking for ways to make money online in 2015 and beyond doesn’t want another PLR crap. Newbies have one thing in mind. They don’t want to pay for something that will take years to make money. They only want to pay for something that can give them result as soon as possible. Yes, hard work and effort is required to make money online, offline or even at day job. But still, if the product creator himself have no idea on how to get traffic and how to make money other than ripping off people, they won’t buy. Period.

Yes, after the rise of binary options industry in 2014 or something, newbies who want to make money online doesn’t even look at another course on how to get traffic and make money with affiliate marketing. They know that 99% those courses are nothing more than hype and junk which will rip them off, wasting lots of their money and years of their time. Seriously. They want something that really works, and make them money on auto pilot, even though those software won’t make them rich.

Alternatives to Product Presto
1. Good courses about selling via Amazon FBA or eBay. You can find those at uDemy or perhaps Amazon Kindle marketplace. Selling physical products is the way to go since you don’t need to rip people off like that.
2. Forex or binary options courses/signal services.

Meta Trader 4 (MT4) is one of the most popular charting software for forex and binary options traders. While you could already know some of the meta trader 4 basics, there are some more features that you might want to explore:
1. How to scroll to specific time and date
The trick is to open the candlestick chart and then press enter. Let say you want to scroll to to April 1 2016, at 7 AM, then enter this query:
EURUSD 1.4.2016 7:00

2. How to add multiple indicators in the same windows
Let say you want to add average directional movement index and average true range in your software. It will make the chart looks like a mess if the indicators are plotted in 2 separate windows. Hence, just add ADX to your chart, and then drag and drop ATR into the ADX windows.

dragdrop

3. Market watch window – how to view spread
Market watch is on the left top of your MT4. If you are into scalping, then choosing broker with lower spread is very important. Right click on the market watch window and then make sure that the spread option is ticked. The spread will be displayed within the ! table. You can also choose to view all currency pairs available to trade with your broker, and in addition to that, you can also hide them .

marketwatch

4. The journal tab at the bottom will keep you on track of what you’ve done within MT4
This section will display what pending orders that you’ve modified, what did you do on MT4 and what did you deleted.

journalmt4

5. If you want to download the chart or price history for more than one year, you can simply download all candlestick history at history center.
historycenter

Let me be honest with you. 80% – 90% members of Warrior Forum fail to get traffic to their website – whether via search engine or Facebook. And because of that, they fail to make the money. It’s that simple. They still become slave to their boss. That’s why, when someone asked what is the fastest way to make $1000 per month in 2016, nobody can give direct answer. As a matter of fact, they were trapped at Warrior Forum exactly because they want to get traffic. They will keep selling one Warrior Special Offer (WSO) from one time to another. If they stop creating a new product, their income would stop as well. It’s the same as someone who stop working at office but then still doesn’t have additional income stream. This is the reality of 90% WSO sellers.

They could be selling, for instance, done for you Amazon review sites. But in the end, they only assume the website will work for their customers based on whatever methods they’ve learned in other places. If you fail to make the money, they don’t care. Heck, lots of Warriors were banned from that forum already because they leave bad complaints to WSO sellers.

Let me dissect that:
1. The seller will tell you that he will design the website for you. Complete with let say WordPress theme, star rating, video etc.

2. He will claim in the thread that the niche is profitable.

3. Then, you will pay him $47.

4. In the end, the website fail to convert because it was targeting the wrong keywords on Google. It’s that simple.

Now, the seller Wolfmmiii in that link above actually claim that no backlinks required. Being a launch jacker and making tons of money with SEO myself (on average $1000 – $3000 per month with SEO), I can tell that statement is nothing more than hype, or should I say lie. Yes, while you could be getting traffic to your website without backlinks, most of profitable product name keywords on Amazon already being dominated by companies and super affiliates with their own backlink network or at least started building backlinks.

OK, I’m going to answer some questions here:
1. I saw positive reviews in that thread. Why is it a scam then?
Actually, getting that kind of reviews is super easy. The most common method is to use the Warrior – Members Looking To Hire section and then hire fellow Warriors to leave fake reviews. Screenshot below proves that. Sometimes, previous customers are also required to leave fake reviews in exchange for refund. For details, you can read real Wolfmii customer experience in this blog. Other than that, they can also hire anyone for cheap at upwork.com.

warriorforhire

2. Azlan, why are you targeting this Wolfmmiii guy?
Simple: Because he enjoyed bashing my Amazon website but at the same time he fail to proof that he is making a killing with Amazon. I suspected that at least 50% of those in that thread are scammer wannabe based on their number of posts and they also registered at WF without using their real name – in other words, if you view thread, you will realize that their WF usernames are weird and of course nobody will have that kind of name in their national ID.

Not to mention that I actually asked the same question in the conversion rate section, but none of the conversion experts came and answer, despite the same thread title received much more views at conversion rate section, rather than main discussion. See it for yourself:

screenshot

From this, I can conclude that my website doesn’t necessarily as bad as being described by those s***kers in terms of conversion, since honest conversion experts who want to help others are actually spending more time at conversion rate/SEO sections rather than Main Discussion section. Yes, I’ve been browsing various sections for years that I can detect experienced Warriors and newbies faster than Kaspersky can even detect a virus. Experienced SEOers, for example will usually hang around at SEO section. Newbies wouldn’t even bother giving their naive opinion there otherwise SEO experts will bash their posts. Scammers and con artists will hang around in Main Discussion, WSO and Off Topic section a lot.

If you look at their previous profiles, and the threads started by them, it is clear that they actually came to WF as web designers and writers, and not SEO experts or anything. Yes, they are very active only at WSO section – most of their posts in that forum are just about answering customers’ questions. That’s why they can’t stand the design. In case you haven’t notice, they never talk about how to get traffic, the right keywords to target, etc. I don’t even know what was my mistakes to them – I just need help there. It’s not like I am there to offense anyone and let alone scam anyone. But they keep talking trash on me.

There is also a Warrior with username Kilgore, yes I remember him clearly just like I can remember my Gmail password because he put that white, tombstone like avatar in WF username. He seems to enjoy bashing/teaching a newbie who expected to make serious income from Amazon. That is actually in other thread. But as you can see I also work on my Amazon website, just like being adviced by him, based on several Amazon courses I’ve bought from fellow Warriors and then he also joined the suckers in the thread mentioned above started by me.

kilgore

Also, while they keep telling me to hire expensive authors, in the end, they fail to tell me where can I hire real authors for that website. There’s so many freelancing sites on the net and from my experience, I can tell that just because the freelancers are expensive, they are not necessarily capable. Some of the freelancing sites offer expert authors at reasonable price, some offer crap at even higher price. Before starting that thread, I’ve hired freelancers at several places:
1. Warrior For Hire section (not happy – need to pay very high, but still low quality content).
2. Warrior Special Offer section – I even buy ready made websites like being mentioned above from other sellers, it cost me $127, but still I couldn’t make the money. Crappy content as well.
3. iWriter – Decent result most of the time, but people in that thread didn’t happy at all with the content.
4. Upwork.com (formerly oDesk). – Too many authors, some good, some crap. Excellent authors usually will never respond to my request. Only crappy ones did. That’s why 90% of the time, I only used upwork.com to get hand written content for backlinks.

For your information, that domain name was making me money, back in 2011 – around $100 or so. I’ve built backlinks to it, and that’s why it has PR2. But, I want to focus more in launch jacking back then since it is more profitable and still it is.

After getting that awful feedback at Warrior Forum, I realize that folks in there is not that friendly. And I NEVER ever trust any WSO seller anymore. That’s why, whenever someone asked what to do with $500, I warned him not to show off in public like that because the reality in WF is not a good as you might imagine.

Let me advice to you – never ask for website reviews at public forums like that. Just find any marketers that you can trust in your country to do the dirty job.

3. Do this Wolfmmiii guy make money with Amazon or Adsense then?
I don’t know, but let assume he was. Anyone who claim to make that kind of sites at WF actually do make money with Amazon, Adsense or anything which are targeting beginners. However, does it consistent? Well, no. In fact, he could be making just $1000 or something, and then he started that kind of service at Warrior Forum and then start telling the world that making money with Amazon is the best way to do blah, blah, blah, you name it. Otherwise, why would he spend time creating websites for someone else, when he can use the time to create those for himself? In case you didn’t know, WSO sellers are required to pay $20 for their thread to be published and additional $20 if they want to maintain the traffic, that is by bumping the thread. So, why pay that kind of money, just to design a $47 website?

In 99% cases, sellers who made these kind of sites are actually fail to get targeted traffic from Google to their Amazon Associate sites because of Google updates – Panda, Penguin, Hummingbird you name it.

As a matter of fact, I can also sell a WSO teaching others on how to make money with launch jacking method, but why would I pay $20 for WSO and then sell it for $47 while my launch jacking secret is making me around $30 – $250 per day?  There is no way I am letting random person outside from my home country to steal my income stream.

4. Some WSO sellers presented with courses on how to make money with list building, etc. Will it work?
I would stay away from all type of WSOs. In fact, I’ve purchased around 7 WSOs which was priced around $5 – $500. Yes, I’ve purchased 2 WSOs at that $500 price, but the end, the seller fail to support me. And in case you are new to IM, getting support is extremely important. Most of the content are nothing more than theory. This reminds me of the infamous data entry scam, back in 2006 or something. If you’ve heard about this scam before, you should know it. The process is quite simple:
1. You found the data entry website via Google or other sources. Probably the affiliates of the data entry companies are sending you the email.
2. You purchased the so call money making from home manual.
3. And then, you simply resell the manual back on Google Adwords.

In reality, the data entry company never implement the tactics taught inside it. WF used to be a place to sell such crap before, such as private label rights (PLR) products.

The same goes for 90% crap on Warrior Forum. I noticed that lots of WSO being sold based on theory only. The sellers actually rehashed the information from experts blogs or perhaps other MMO courses and then repackage like the product is his own. In theory, they never implemented the tactics taught inside it, at least until their income is consistent. I found that great products actually being sold outside the WSO section.

5. Can you really make money with Amazon Associate?
Yes, you can. But it is not recommended. Here’s why: The profit margin is very low and just not worth your time, money and effort. If you want to make real income with Amazon, focus on selling physical products via their FBA program. Forget being an affiliate. As the time goes by, let say 7 years or something, you will realize that making money with affiliate marketing is actually just a guru method to sell you something about making money online. Can anyone make serious income with affiliate marketing? Yes, he can. But still, you need to focus on products which pay commission for lifetime, rather than one time sale.

6. What about solo ads? Can I trust solo sellers on WF?
The answer is: Dump them all. I never had good luck buying any solos at WF or other places. However, if you still into solo ads, you can check this website: solochecker.com. This site allows the buyers to leave reviews and rating about the seller, which eliminates the potential of getting scammed.

7. Should I hire any freelancer at Warrior Forum?
The answer is NO. Like being mentioned, I hired a few of them and not happy with the service. If you are looking for a safe place to hire experts, Guru.com and Textbroker.com are much better than Warrior Forum. For content spinning, let say you need hand written content for backlinks, you can hire writers from Philipines or India at Upwork.com. For simple graphic design, there’s fiverr.com.

8. I don’t want to get scammed by this Wolfmmiii guy. How can I avoid that?
I actually noticed that Wolfmmiii already a member of Black Hat World. Be careful with him. Just Google Wolfmmiii or Wolf Web Marketing and you can see some negative reviews about him. Wolf Web Marketing also handle Facebook PPC campaigns, but I doubt that you will get good ROI with Facebook Ads even if you hire them. Just like the Amazon website thing, I don’t think that you can make money with Wolfmmiii services.

wolfmii

9. Most buyers don’t ask for refund. Is it a bad product?
As for WSO, usually they are not sold via safe networks such as Clickbank. Therefore, it will be hard to request refund. And even if you did, you might get banned from the forum. Plus, most newbies have the kind of mindset that the product should be working one day, so there’s no need to refund or anything. And this is the problem.

10. Azlan, why are posting this in your own blog instead of that thread?
Let me ask you this – if spammers sell your email address to third party, can you stop from receiving spams? Of course not. The same goes for that thread. While I can defend myself in that thread, and those who bashed me before might leave, but then new con artists wannabe will chime in and then bash again and again. It’s not like I am coward or anything. It’s just defending myself in that thread will be a complete waste of time. Not to mention, if I bashed others’ WSO in that thread, just like I did in this blog, I might get banned from that forum.

11. Should I use any ready made websites sold elsewhere?
Let me tell you. Ready made websites like those whether being sold by Wolfmii or others are just awful. The creator himself never test those site with traffic, whether with SEO or PPC, but then they sold the websites to others instead. That’s just cheating. We affiliate marketers are not yet millionaires. We started from scratch and then wanted to make money with little budget. If we have budget around $20K or something, we would be become a merchant already. It reminds me to turnkey feeder sites which was provided by Kyle and Carson at Wealthy Affiliate. I doubt that anyone would be making money with those ready made websites.

 

See also: Warrior Forum vs Black Hat World

And also this thread on Black Hat World.

 

 

List of forex trading style

There are several ways to trade in the forex market. It all depends on your budget, time frame, the time that you are willing to spend practicing on demo accounts and then the broker which you are using.

Here are a few trading style in the forex market:

1. Swing trading: This one is the most common trading style. Just setup once, forget and then let the money work for you. Trade just once per week. Usually the time frame used are D1 and W1. Sometimes H4.

2. Day trading: This one is also the most popular. You need to trade once per day, setup the execution or pending orders on US time 9 -5 US time and then make the money. The time frame used are H4 and D1. However, depending on market volatility, you might need to use H1.

3. Scalping: This type of trader usually make money during side way market. They will collect 30 – 50 pips per trade. If you are into scalping, then use a broker with smaller spread. The time frame used is M1, M15 and H1. Lots of indicators might be needed if you are into scalping.

4. Straddle: Some traders like this type of trading. Yes, you can make easy money with straddle type of trading, and lots of them, since the trend will usually begin just after big impact news are released. You need to look at forex news sites like forex factory or daily fx. However, be careful with slippage issue. If the broker is a big one, with lots of traders under them, then slippage will occur quite often.

When I first getting started with making money online (MMO), I always fell for hype or should I say scam about certain products which claim to make $1000 per day. While you could be making $1000 or perhaps $2000 per day easily with forex trading or other business models, it is also true that you might be losing them if you don’t do something to keep it consistent. I’ve heard lots of traders made up to $5000 per day with forex but then he burned out all the money.

Now, the key point here is: money management. Never use more than 10% of your budget into one single trade. However, it is also recommended that you use no less than 5% of your money in one single trade. Why? Because the less you use, the less you’ll earn. Make sense?

Now, I’ll outline some of the key points to profit consistently with forex trading:

1. Trade with demo accounts for at least 2 months. However, if you learn forex trading from a real honest trader, he will probably want you to practice with demo account for at least one year before switching to real account.

2. Always set the leverage to 1:100. However, FXCM stated that the best leverage for most of their successful traders are 1:50. Actually, the leverage thing represents your total risk. If you use 1:100 leverage, then your risk is 10%. Otherwise, if you use 1:1000 leverage, then your risk is 100%. Make sense?

3. In most cases, you need to use stop loss for every trade. There’s a lot of ways to determine stop loss, such as candlestick, support and resistance points and more. The bigger your stop loss, the smaller lots size that you should use.

4. The faster you are trying to get rich, the riskier it gets. Remember, when comes to business, we always learn from mistakes. We don’t learn from books. Books are just more to guidelines, that’s where demo accounts come in handy for forex business.

5. If you’re looking for ways to become a millionaire quickly, then I’m afraid forex is not for you. While lots of people can be millionaires with trading, and some even claim that they made $3000 per day with forex, it is also true that you won’t make consistent $3000/day everyday for the whole year. You will be making that kind of income only once per week or something. Successful traders don’t trade everyday. Losers do.

6. Focus on just one or two indicators at first. The more indicators that you’ve plotted into the chart, the more confusing it gets. The best indicator for most market conditions are candlestick chart.

7. Major pairs, in other words, XXX/USD are easier to trade and make money from, rather than cross pairs, such as XXX/JPY. Avoid CHF/JPY and lots of rare cross pairs, unless if you test those on demo first.

8. Success is more to mindset. Don’t give up, don’t be lazy and always practice more and more.

9. Take no advice from people who said you cannot make money with trading. Those are losers without the mindset ready to take risk. In other words, they still work with their boss somewhere and then they only browse the web to look for extra income online.

Yes, I agree that you cannot get rich quickly with trading. But the same goes for any other business models. Back in 2007, I keep reading (and not to mention getting bored of it) that 90% people fail in internet marketing. 90% people fail in MLM (network marketing). 90% people fail in retail business after e-commerce giants are taking over the world. Yes, people always fail here and there because of one reason or two. You shouldn’t listen to that kind of advice. Everything works if you learn them properly and decide that trading or whatsoever business model is the right one for you.

Yes, I do found a guy at Warrior Forum who mentioned that retail trader fail to make money, but in the end, he fail to proof that he is successful with internet marketing or any other business model. Based on his previous posts, I can tell that he is not working with major banks anything like he claimed to be. He is actually a freelancer or staff sent from certain internet marketing company who came there looking for information or research on certain things.

10. Always control your emotion. Find the broker with micro account and then trade small first before opening bigger lots.

I am an active member of Warrior Forum since 2009. The reason why I like that forum a lot is because the fact that I can always ask for honest reviews of internet marketing products which I was about to buy. The review and rating section basically has some kind of strict guidelines, such as never bash anyone in that section blindly, never put signature promoting the product and posters must have at least 20 posts in that forum first, before posting in that section. However, since 2013 or something, when lots of IM related products are sold via JVZoo and Clicksure, the review and rating section is basically dead.

Even worse, Warrior Forum attracts lots of spammers. Yes, social medias like that are always being a target by lots of companies to promote their brand or perhaps made some kind of research in that forum for profitable niche – for example companies related to internet marketing, SEO, hosting or perhaps another freelancing sites.

Now, my post here is a bit offensive but hey, this is my blog so I can do whatever I like with it. If you don’t like it, feel free not to read this post. Now, who should you trust at Warrior Forum? The answer is: Those who always made long post in that forum. THE EXPERT. One example is the SEO expert Mike Friedman. Click on the image to view the thread:

warriorforummike

Mike made lots of useful and long post in that forum and all his advice are useful and shows that he knows what he’s talking about. Reading all his posts are even worth than purchasing hundreds of eBooks.

Another one is by professional forex trader, Joe Benjamin:

joebenjamin

Who shouldn’t you trust:
Simple. Spammer, freelancers and freelancer wannabe. In other words, newbies. After being taken over by freelancer.com, Warrior Forum is more to a freelancing site rather than internet marketing forum. Lots of affiliate and super affiliates are migrating to Affilorama or Wealthy Affiliate already, while SEO experts are going to Blackhat World.

For instance, in a thread Affiliate Marketing or Forex back then, this guy with username van80, came and chime in. At first, he made this comment. (Click on the image to view the post):

van801

As you can see, in the comment above, he seems not to be working on any banks. Instead, it seems that he just assume that major banks would be making a killing with forex market. However, he came again to the very same thread and posted this, around 6 months later. And let me tell you why: because he wants to steal traffic from Google (more about that later):

van80

Now, if he really worked at some kind of banks out there, why didn’t he mention so in the beginning of the thread? Why would he returned to the same thread six months later just to make that short statement and then leave?

Well, actually if my hunch was correct, these statements are actually made because his boss ordered him to increase the number of posts in Warrior Forum for the sake of promoting signature later on. Perhaps some kind of marketing companies ordered him to make XX number of posts per month in that forum in exchange for monthly paychecks.

You see, that thread appeared on Google search for term “affiliate marketing or forex” months ago, when it was still in the main discussion section. When the mod removed that thread to off topic section, the thread disappear from Google and nobody even care to post in there anymore, because there will be no traffic to their signature. Yes, lots of SEO companies also sent spammers to leave short comments like above in other people’s blogs for the sake of getting backlinks. Being a blogger in multiple niches, I keep getting comments like that every now and then.

Also, he seems to be working at several business models at once. One is at e-commerce, and then another one is eBook business. When I browsed his profile and looked at his previous threads, all I can see are just spammy posts made by amateurs.

van80final

All his posts in that forum are short, spammy, lazy and doesn’t sound like he has some kind of experience with internet marketing or anything. Also, he while he could be bragging here and there saying that people cannot make money with forex, he doesn’t have the ball to say that BS in forex forum such as forex factory or babypips. In short, and to be blunt, this guy clearly a spammer, or scam artist wannabe. All the posts made by him, such as “our company want to shift or e commerce model etc” are actually not his company, but rather someone else. He is just working as a staff. Not a self made entrepreneur. Don’t fall into any WSO sold by him.

Honestly, if you listen to advices from newbies like this, you won’t be making money online with anything. They will tell you that you won’t be making money with forex trading, but then if you want to learn from them on how to make money with other business models, then you probably won’t be able to, because all their posts in that forum are just lazy like that.

Also, I noticed that in threads unrelated to internet marketing, there’s a lot of newbies like this trying to post here and there for the sake of promoting their signature in that forum. Promotion is fine to themselves, but as for all of us, don’t take their advice. This is another post clearly made by spammer:

spammer

Oh by the way, be careful with signature claim that “I made $1000/day or $500/day in that forum”. Yes, I do agree that those people might made that kind of money. $500, $1000 in just one day but is it consistent? The answer is no. There’s no way he made $500/day everyday for one year straight while at the same time still wasting time here and there in that forum. As a matter of fact, I do made $15K per month back in 2011, using the method taught in Google Sniper and Commission Ritual course. However, is it consistent? Short answer, not really. Yes, sometimes I’ve made $7000 per month (last year, 2015), but on average $1000 – $2000 per month.

By the way, this is some of the comments made by spammers in this blog. All of them are filtered by Akismet already. Notice the similarities there in terms of laziness?

comments

I think I’ll add more spam report in this blog soon.

When comes to trading whether forex stock market or eve binary options your worst enemy is actually not the market or price but as a matter of fact the worst enemy is your own mind. That’s right. The war that you should win is between your own mind. As a matter of fact this is the part that will distinguish between the winner and the loser when comes to forex trading. Being an MMOer myself I’ve seen lots of negativity when comes to forex. Especially in related threads in Warrior from those who never trade will keep condemning trading like the ones who really make money is the brokers and its affiliates and not the traders. Well this fact is not true at all. There are thousands of successful traders all over the world and from my experience forex traders are quite honest in their policy. Yes I agree that many people fail at trading. But so do with other business models whether online or offline. Take restaurant business for example. If you don’t manage the cost properly, such as the cost of renting the shop, paying for workers and chefs, you will lose more money. This is actually due to poor money management and also lack to education and practice.

That being said here are some tips to manage your money properly at trading or anywhere else.
– Manage yourself first or should I say your life money management first before you can manage your business budget. Always always cut unnecessary budget like your online game cost entertainment or even some of your budget.
-Don’t apply or use credit card. If you already have one, call your bank to cancel that before jumping into trading. If you need to purchase something online apply for a debit card instead. Yes, some people might argue that credit cards are good, but just wait until you jump into trading. You will start addicting to deposit more and more money into the broker account using your cards, causing the over spend, over trade anything, you name it.
-Trade with demo account first before jumping into any real account. Once you keep seeing profits from demo accounts you will be able to figure out where the money is.
-Start with micro account first before trying with bigger accounts. The smaller the better. This will make you realize that money really works for you.
– Keep in mind that overconfidence will kill off all your profit and initial capital.Once you lose all your budget that week, please stop trading otherwise, you will lose even more.
– Keep some kind of routine in your day life, like cut lots of unnecessary budget, overspending, staying away from logging in to your Paypal account for the sake for buying online.
– Always keep some kind of minimal balance in your debit/bank account and try not toe spend it until your free marketing tactics started to produce results.
– Discipline is the key to success. If you’re not that discipline, then you won’t be able to achieve your goal.
– Remember, the most successful company is actually the one that manage their budget properly. Always cut the cost, and keep the budget to minimum.

earthandskysystemforexmentorpro

I always believe that a good product especially when comes to making money online should provide great support. There was tons of crappy products related to forex trading and signal services before, but then Forex Mentor Pro is different. I already purchased Forex Mentor Pro myself and let me tell you, it is awesome. Please note, that this is not a signal service or auto trader software. So, you need to learn, master until you can profit with it.

Pros: The real advice given by real trader who made money with it. Lots of trading style and features. Custom indicators (not EA) are included to assist you in trading. Active community forum where you can ask questions. What to do and what to avoid in trading. Highly recommended by real verified buyers at Forex Peace Army.

forexmentorprofparating

Cons: I was kinda skeptical to use some of the brokers recommended by Forex Mentor Pro. Better stick to list of brokers recommended at Forex Peace Army, such as Pepperstone and XM.

Discount available: Upon checking out, you need to pay just $197. That’s 65% discount. However, you can also choose to pay just $1 and then pay $47/month.

Forex Mentor Pro member’s area
First of all, let me show you the screenshot of the member’s area of this product.

forexmentorprohome

As you can see, there are several navigation section on top of the member’s area. There is also a welcome video provided at the right section of this program so in case you are new, you won’t get lots. It is highly recommended that you watch the Welcome Video first so you know exactly where to get started with Forex Mentor Pro.

forexmentorprowelcomevideo

The community forum
Paying for a product doesn’t mean anything if you don’t get the support. Forex Mentor Pro provides you with appropriate community forum where you can ask questions, get answered and then profit from forex trading. Yes, this forum is active and continue to get updated.

forexmentorproforum

The system
Forex Foundation
There are several systems included in this product. Those are candlestics, support and resistance, moving average and finonacci and more. The most important fundamental of all, is the money management rule.

Meta Trader 4 basic
This is just a basic guide about using the famous MT4 platform. MT4 is available for all brokers so this part will be helpful regardless what brokers that you are using. Other courses might teach you on how to use FXCM Trading Station which is less flexible compared to this one.

The M1 and M2 system
This combines several methods of making the money. It even includes the NFP live example, custom indicators, support and resistance and more.

Earth And Sky System
earthandskysystemforexmentorpro

This is actually a combination of pivot points, support and resistance fibonacci and more. It is taught by a long time member of Forex Mentor Pro.

Other features
– Live trade example is included for every trading style and methods. This is actually very important in case you want to see how the system works. I wish that Forex Mentor Pro also include some kind of webinar inside the member’s area but then, it is not.
– Stay up to date with their blog. Yes, Forex Mentor Pro is always updated with blog post from members and even guest bloggers. This way, you won’t be left behind but most importantly, you will feel that the monthly/yearly membership that you pay for this product is worth every single penny.

Verdict – Forex Mentor Pro is highly recommended
This product is highly recommended to anyone who wants to make serious and steady income from forex trading. It is verified to be safe at Forex Peace Army. While this system won’t make you rich overnight, but it is way much better than investing in tons of crappy EA software or signal services.