The Shift To Forex
In the past, there were and still are a multitude of HYIPs and surfs that "claimed" to be
backed by Foreign Exchange Traders or Forex Traders and allot still are. I'm taking a stab
in the dark here but I estimate 95 to 98% of these are bogus and are ponzi schemes in
disguise.
Not hard to see, specially in the HYIP or High Yield Investment Program category as these
programs are failing just as fast as new ones are launching. Make your head spin. Lately
some influential Admins have singled out Forex Traders who are good at what they do
and these people have launched their own programs. A "real" revenue source and people
are joining by the droves looking for an escape from the surfs with no direction and poor
planning that collapse after a round or even before a term expires.
Now...I'm not heavy into HYIPs, although I am into a few that have been around for awhile
and are common place names but the Admin, George, of FXEuro was given two thumbs
up by the Admin ladies of PremiumAdsClub so I joined the day it launched and cashed
out my first returns today plus upgraded with more LR funds. Transparency is high on the
list with George by producing monthly trading stats and earnings in the program's Forum.
Another Forex based program that is a profit share model, TrueRevShare launched recently
and quickly filled with more than it's initial 500 Upgraded members the Admin was seeking
and has gone private already. Proof that people are looking for a legitimate income source
to back up their funds. The ROI is considerably lower than your typical high ROI surf, averaging
from 4% up to 7% in a given 5 trading day week which is Monday to Friday. The trading week is
shortened by Holidays as well.
I'm following this trend and making spends in these programs but I also realize that these
being "real" investments that the "Traders" will take a hit from time to time and has to either
swallow the loss or lower payments to members. Usually these balance themselves out
and a profit of around 5% per week is doing very well. I had to throw that in there just so
readers know what this is all about although I am just skimming the surface here.
It's legitimate... OK...but you have seen what forces beyond their control did to banks and the
economy overall. Here in Canada, we are slowly climbing out of this global recession but some
countries aren't so fortunate at this time and are still struggling to pull themselves up out of this
financial quicksand. Whoa! That last bit "financial quicksand" just came to me. What do you think?
Do I get a prize for originality...lol
backed by Foreign Exchange Traders or Forex Traders and allot still are. I'm taking a stab
in the dark here but I estimate 95 to 98% of these are bogus and are ponzi schemes in
disguise.
Not hard to see, specially in the HYIP or High Yield Investment Program category as these
programs are failing just as fast as new ones are launching. Make your head spin. Lately
some influential Admins have singled out Forex Traders who are good at what they do
and these people have launched their own programs. A "real" revenue source and people
are joining by the droves looking for an escape from the surfs with no direction and poor
planning that collapse after a round or even before a term expires.
Now...I'm not heavy into HYIPs, although I am into a few that have been around for awhile
and are common place names but the Admin, George, of FXEuro was given two thumbs
up by the Admin ladies of PremiumAdsClub so I joined the day it launched and cashed
out my first returns today plus upgraded with more LR funds. Transparency is high on the
list with George by producing monthly trading stats and earnings in the program's Forum.
Another Forex based program that is a profit share model, TrueRevShare launched recently
and quickly filled with more than it's initial 500 Upgraded members the Admin was seeking
and has gone private already. Proof that people are looking for a legitimate income source
to back up their funds. The ROI is considerably lower than your typical high ROI surf, averaging
from 4% up to 7% in a given 5 trading day week which is Monday to Friday. The trading week is
shortened by Holidays as well.
I'm following this trend and making spends in these programs but I also realize that these
being "real" investments that the "Traders" will take a hit from time to time and has to either
swallow the loss or lower payments to members. Usually these balance themselves out
and a profit of around 5% per week is doing very well. I had to throw that in there just so
readers know what this is all about although I am just skimming the surface here.
It's legitimate... OK...but you have seen what forces beyond their control did to banks and the
economy overall. Here in Canada, we are slowly climbing out of this global recession but some
countries aren't so fortunate at this time and are still struggling to pull themselves up out of this
financial quicksand. Whoa! That last bit "financial quicksand" just came to me. What do you think?
Do I get a prize for originality...lol
















Comments