Forex Secret Trading Tips: How to Create a Second Income Stream from Forex Trading. By: Jay Molina From: http://myfxventure.com/
Trading the Forex can provide you with the ability to expand your income, secure your familyâ€™s financial future, and achieve true financial freedom. However, there are other ways to make money as a Forex trader other than trading. Many traders from all across the globe have been creating a second stream from Forex without any sales, customer service, or high starting up costs. This second income stream is created through the use of referral programs from Forex companies. These programs allow you to profit by just referring those around you to the company. This is a very easy and inexpensive way to produce more profits and even generate more trading funds. You are about to learn how this one Forex secret trading technique could produce you a consistent source of cash flow to fund your trading account. I have been using referral programs like these ones for years and they have produced me thousands and thousands of dollars with little to no work from my part. The most successful ones have some similarities that I will be discussing below:
The best programs offer you easy to use promotional tools: Most traders do not own a website. As a result, they will use other means to create their second income stream such as business cards, emails to friends, postcards, and others. This is why the referral program you select should provide you with email templates, business card services, top notch customer service, and more.
Make sure to shop around before you select one: I always compare the options, features, and products they offer before I sign up for a referral program. The best part about being part of a professionally managed referral program is that companies are normally willing to give you extra value (for example: some brokers will give you advanced trading platforms when you refer customers). Set realistic and achievable goals: Setting your goals is definitely the first step to success in any type of business. Whenever you decide to sign up for a referral program set realistic goals that you can achieve by taking little baby steps towards them. This is the best way to make sure you stay positive, focused, and eventually achieve your goals. Choose a referral program that delivers payments on time: The most trustable referral programs in the Forex industry pay their partners on time. I have learned that whenever a company delivers payments late is normally a sign of unprofessionalism. Start small and grow with time: I have always said it â€œBig expectations lead to big disappointmentsâ€?. Success is composed by several small failures and without mistakes success would not be possible. The only way to become successful with any referral program is to give your business (or second income stream) time to grow. Needless to say, a referral program is NOT a get rich quick scheme and making good profits requires dedication and hard work. To produce big profits you need to be consistent: Being consistent is as important as being patient. Your second income stream business will not take off in 2-3 days. Sometimes it might take 2-3 weeks to establish a list of clients and to start to produce profits. Joining a referral program can boost your income and definitely provide you with a new income stream (or even substitute your income). Remember to always start small, be consistent, choose the right program for you, define your goals, and especially be patient. I hope you have enjoyed this part of my series of Forex secret trading tips. To your trading success, Jay Molina Pro Forex Trader & Educator
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Published on May 31, 2011
Learn how the Smarters traders make up to $200,000 per month by using this Forex secret trading tips. Learn how to create a double income st...