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Susan’s Ultimate Forex Profit Booster
Written by: PaxForex analytics dept - Friday, 27 July 2018 0 comments
Hi everyone, my name is Susan and I am from Nottingham Forest. I can only imagine that you have heard a lot of stories about forex trading, both good and bad, so I will spare you a summary of why I think it is a great idea to trade forex. Either you make up your mind and start trading forex, or you decide against. No one should have to convince you to better your life and my story is for those who already took that step and entered the amazing world of forex trading, all the possibilities it has to offer and the freedom you can gain. I have been in the market now for well over ten years and the only regret that I have is that I didn’t start sooner than I did.
I managed to earn my first annual profit two years ago, it was only 8% and did not cover the losses from my previous 11 years of trial and error. What mattered most to me is that I finally turned around my overall progress. It took a lot of work to get to the point of profitability, but in my opinion the rewards are priceless. Too many rush into trading forex lured by wrong promises of quick wealth. I can’t speak for others out there, but in my opinion it is everything but quick. Patience and time are well rewarded and my best guess is that most don’t quite have those two assets which is why you hear about so many failures.
Personally, my biggest problem has always been capital. I know that there are way too many outlets who claim that you can make a lot of money with a small investment. Others believe that earning 20%, 30% and more per month is how forex trading works. In my experience, those type of claims are only used by scammers. I can tell you from my own experience that 8% per year was a great accomplishment. Now I am not the world’s greatest forex trader, but I do earn consistently since then. Just to be fair here, since I managed my first annualized profit my overall average profit per year has increased to 14%.
Let’s go back to my capital issue. I had $5,000 in my account when I earned 8% which means a total of $400. Those who are real forex traders understand that while it is not the greatest thing ever, it is great to cross that threshold of making money. I continue to make deposits and will keep doing so. I make it a habit to deposit $200 each month at the minimum. My second year I boosted my account to
$9,660 through a mix of deposits and profits. This is still not enough for me. The next year I finished with $15,445 in my account using the same approach as before.
14% from $15,000 is $2,100 for the entire year, but well short of being able to live from it. I started with some affiliate marketing on the side, but ignored my biggest asset. I have been profitable for five years and that is something many struggle with. Not only have I been profitable, but more or less I have been consistent. I earn between 12% and 20% per year, with 14% being my average over my five profitable years. As I attracted new traders, they often messaged me with similar stories about how they failed to make money. I decided to take my time and listen. They basically followed the wrong approach and believed in the hype that you can make money quick.
They asked me if I would manage their capital for them. After I received more and more request, I looked into PAMM which every forex broker offers. Initially they didn’t like my 14% per year return, but they loved my honesty. I even promised them that a return of less than 12% per year would mean I won’t collect any fees. Today, I am in my second year of operating a PAMM account and my annual earnings have sky-rocketed thanks to the fees I collect. I re-invest 50% of the fees into my own account while I keep making deposits from my job, which thanks to forex I reduced to part-time.
Now I have over $53,000 in my own trading account and earn just shy of $7,500 per year. In addition I have over 30 traders who made investments into my PAMM account which holds just over $150,000. 14% of that equals $21,000 per year which I earn for my investors. I charge no fees upfront, but 25% of profits which means another $5,250 in fees per year for me last year. My total was just shy of $13,000 which made me very happy. I plan to add more traders to my PAMM account, existing traders followed my approach of monthly deposits and I believe that in the next five years I will have over $1 million in my PAMM account. Don’t be left behind and act today! You can start right here at PaxForex which has been my trusted partner.