When you’ve been on the same job for a long time and the days seem to grow longer and longer, your mind drifts to the thing that could have been. What would have happened if you took on that other offer? How would you be now if you had taken the risk back then instead of going for this safe choice? Would you be rich by now? Would you be pursuing a passion instead of clocking in and out and counting the days until pay day?
If you want the droll to change and you have some money set aside, you might want to try out foreign exchange brokerage. Mind you, this is a high risk venture – it comes with the possibility of profits as well as losses. But before you give a hard pass, read up about it first.
How does it work?
At FX Action Team, there are seminars for those interested in getting into foreign exchange brokering. In these sessions, they explain the workings of forex and how to earn from it. They tap their best agents to give newbies a glimpse at how they have earned in the five to six figures in a day.
The first thing to learn is how to work The Spread -- a system that monitors activities on the foreign exchange market. The key is to be able to predict which way the activities will go -- whether it is going up or going down. When it is going up, the best thing to do is buy. When it is going down, the best thing to is sell. You choose which currencies you will exchange. The system has all the major currencies.
Take note: since this is an online activity, you could be anywhere at anytime and do this.
There is of course an investment involved. The FX Action Team got itself organized so that investments are better taken care of by ensuring that brokers are educated in the market and the system and the way the whole thing works, thereby ensuring that risks are minimized.
The group takes advantage of a structure wherein a forex broker has an introducer and that introducer is connected to the national master introducer broker (MIB). In this set-up, the license and access to the online app for brokering is shared by the group. Each agent gets his own access, and all his transactions are recorded under that access. The MIB takes care of the processing of payments between the agent and the brokering system.
At FX Action Team, they have created an organized group of agents who help each other earn from this endeavor. There are three ways:
- Test the waters
This requires a $300-500 investment. Yes, that’s in US dollars. You go through the seminars and get a chance to pick the brains of the FX Action Team leaders. They will actually help you make sense out of the whole thing, and even tell you how to deal with losses. They’ll also make sure you don’t get too aggressive-- buying or selling too much-- and stay in the safe zone of brokering. You’ll have a maximum buy/sell monies of 1% of your available investment (the $300-500) per spread. While the earnings will be low at first, this will teach you how things work by letting you try it out for a spin. If you get others to join in, you get a 10% referral bonus.
- Going big
This refers to the Standard/Premium account, which means you can invest a bigger amount. How much is up to you. You will also not be limited to the 1% ceiling per spread. This one presumes you are already adept in the system and can take sizeable risks. In this case, the profits can go very high but the losses can be just a high.
- Using the automated investor
The FX Action Team and its international affiliate, FX United, has developed a program wherein a $1,000-10,000 investment will let you take advantage of the automatic buying and selling program called Capital Gain auto Trading or CGAT. It will monitor the spreads and buy or sell on your behalf. It also assures you of a minimum monthly return of 12-20% per month. It will hold your investment for a year. You can renew it after then, if you want to. If you withdraw it before the year is up, you will have to pay a processing fee of 3%.
In all these three methods, you will be part of the FX Action Team. The team holds a weekly group selling activity where the brokers interact and help each other earn while buying and selling. And you also get an 8% group sales bonus.
You can also get other people to invest in this using. In the FX Action Team, if your recruits get into the CGAT system, you earn from them through the Affiliate commission. Your direct recruits are your Level 1’s and you earn 4.5% from them. When they recruit and those get recruits also, you get to earn from them up to five levels, in diminishing percentages.
So, if you have the cash to invest on this, why not give it a try?
If you're interested, the FX Action Team is having a megapreview on Sunday, October 9 at the Crowne Plaza Hotel (near Robinson's Galleria). The event starts at 6:00pm.
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