Learn Roy's top secrets for online income
This step by step 30-day plan will help you organize and coordinate your online income plan & approach. Go from nothing to real, passive income in 30 days using these free tips:
I'm going to focus primarily on binary options, because in my opinion it is the easiest and most sure way of creating a passive income for anyone - even those without a financial trading background or expertise.
Now here's a question I get a lot:
"But Roy, is this really possible? I've been scammed before, and I've lost money before. Can I really do this?"
YES. It is possible, and YES, you can. But you have to be educated. You have to be armed with the facts. That is the main reason people lose: they aren't educated when it comes to binary options, and they are lost and confused.
I'm here to help guide you. Some of my mentors who've had tremendous success - like Julia A. or Jim R. - all have shown a great dedication to learning and not giving up. That's what makes them special, and successful.
However, the ones who don't listen or pay attention seem to often falter and lose money. So, in my opinion, education is key, and so is motivation and a positive attitude.
What you're about to learn below is part of my own strategy - and these are similar steps that other "pro" traders I know also use. So, you're learning from the best, and from the people who are making money online.
Let's start out with six simple steps you need to get going:
STEP #1 - Organize your home office & Internet browser resources:
Here's where people really make mistakes: They aren't organized. They aren't coordinated. You need to treat your computer or laptop like a "home office". You need all of your information and accounts on stand-by and ready to go.
First, make sure your Internet browser (Chrome is best, followed by Firefox, IE and Safari) is set up for binary options by having links bookmarked and available for you. You can use most browsers to place links in your top "bookmarks" bar for easy access, or create a special folder that contains "binary options" links.
You will also store other important financial links for easy access (for example, XE.com for accessing currency rates, and ZeroHedge.com, DrudgeReport.com and Finance.Yahoo.com for up to date financial news and world news).
This is how you will keep all of your links and bookmarks for all of the essential links on my site (see below for all the links you must have).
STEP #2 - Create a special, separate email:
Create an online "identity" for yourself, for example, "John's Binary Plan". I believe in doing this partly for the psychological effect: it helps you feel like you are serious about your financial future.
What I'm talking about is creating a special email account completely dedicated to binary options. It could be something like, "JohnsBinaryPlan@gmail.com" - and of course, always check your spam folder in case you miss important emails from me or from your broker.
I also believe "Gmail.com" is one of the best free emails in the world, because it will accept most emails without sending those emails to spam. (One of the worst in the world is Australia's Big Pond, which is notorious for rejecting emails.)
You should also create special folders on your computer Desktop to store files in called, for example, "John's Binary Plan Files." Keep your passwords and broker login information in this folder so you don't lose them. Keep any files or notes there, too. I use Windows' Notepad to store a lot of personal information, for example.
STEP #3 - Give yourself an investment "budget" & plan your attack:
Here's where you need to take a look at your financial situation and your expectations. This is very, very important.
Let me explain something: it is very, very hard to sign up for one binary options trading platform and make "tens of thousands" of dollars in a day, week or a month. There are many, many factors for why this is. Of course, it can happen -- and I'm always on the lookout for those "blockbuster", "diamond in the rough" special systems that can make big money - but it is rare, too, and it can't be relied on.
That's why you need a long-term, realistic plan.
The people who succeed have a "portfolio" instead. This is true in all investment strategies - for stocks, bonds, currency traders, even holders of precious metals. All serious investors have a "portfolio", and it's no different in binary options. (To learn more, please read my "Portfolio of Systems Strategy" article.)
I believe in having as many broker accounts as possible. I believe in having as many trading bots as possible. But that can be overwhelming for some people.
So you need to create a plan for yourself and some goals. Here's an example:
- My budget for the next 30 days: $1,000
- My trading bots I will invest in: 3.
- My "paid" signals services I will sign up for: 1
- My broker I will use to make manual trades: CTOption
- My income goal: $200-400 per month consistently.
Remember, you're only investing $1,000. That isn't much! To make big money, larger investments and a much bigger portfolio is necessary. But you can compound your earnings and get there eventually, even with a small investment. You just have to be realistic about your income and shoot for something reasonable, such as a few hundred dollars a month (which would actually help a lot of people. I know most of the wonderful people who visit my site are not greedy, they just want a small, consistent online income to help pay bills).
STEP #4 - It is mandatory you read the educational articles on my website:
I do receive a lot of emails from people who have not read hardly anything on my website, and as a result they are not educated or informed on many important issues I discuss.
It's very disappointing to me to see that. I assume, before people write me and ask questions, they have at least read most of my site and the most important articles I have listed on my top, right sidebar. I assume they, too, have also listened to a few of my important videos.
So, make it a priority to read some of the key, essential articles on my site and listen to some of my videos, all the way through. These important links include:
My Master List - The single most important page on my website.
My Binary Options 101 Guide - Great for "newbies".
My How Scammers Work 101 Guide - Very important so you don't get misled by scam, fake "review" sites that are everywhere - few of which I trust.
My Portfolio of Systems Strategy - A key part of how I organize my income plan.
My Top Trading Bots video - A full video review of all of the trading bots out there.
My Manual Binary Trading 101 video - Important for understanding manual trading.
My 50 Minutes of Binary Options News - A long video full of relevant information.
My Twitter account - Daily updates on binary news and new testimonials.
Of course, if you are not getting or reading my email newsletters, you are also missing out on vital information. If you haven't gotten them, just email me and I will forward the recent ones from the past month to you personally.
STEP #5 - Learn the nuances of brokers & trading:
One of the biggest mistakes people make is how they deal with their broker.
First, it's very important to answer broker phone calls. It's important to communicate with your broker adviser. It's important to have a good relationship with them.
Yes, some are pushy and some put pressure on you, but their job is to sell and get people to deposit. If people don't deposit, then the broker can't make any money off of the commission they make on each trade. That's just part of the business.
Of course, it's also key to have a "go to" broker you trust for manual trading. The broker I love is CT Option, but other people also like IQ Option and many others.
There are also a few tips and nuances you should be aware of:
Sometimes trades aren't executed fast enough, and this is an industry-wide problem. HFT Shield is trying to fix that, and so far the good performance of their software seems to reflect that.
A poor Internet connection could really compound the problem for you, or a slow computer or a browser with security settings that will interfere with trading. Make sure your computer is clean, fast and running without a lot of programs in the background.
Trading at specific times of the trading day is important, but less so for automatic traders. For trading manually, you need to trade during the appropriate times. My Master List Trading Tips section lists these times.
Something else I also hear about a lot that is very concerning is that people invest too much money into untrusted brokers. I don't think you should ever put more than $1,000 or $2,000 into a broker you do not trust yet. Always test them out first and see if they treat you right. Tell them you won't invest unless they demonstrate they are trustworthy and they will treat you right. I always do that! Usually, they treat me good because I let them know I won't put up with being treated poorly.
STEP #6 - Capture winning streaks by trading smart:
I will be posting some currency graphs here to demonstrate how you can use chart movements to your advantage. This is more complicated, however, for newbies. That said, I do recommend reading this section so you can better understand market nuances.
If it's too much, stick with the auto bot traders -- they already have these algorithms "built in" so you don't have to learn all of these complicated charts and financial terms.
[Section not finished, more coming soon]
Ok, that's all for now.
I will be updating this article with much more information. This is just a preliminary draft.
Roy @ ScamWatchdog.org
Here's some extra motivation from the wonderful Robert Kiyosaki, author of the famous "Rich Dad, Poor Dad":