Review of The Affluent Desktop Currency Trader

Tuesday, January 29th, 2008

How Does
The Affluent Desktop Currency Trader Fair?


Reviewed by Martin Holt

Significant Play Money

After spending the last 5 years looking for business opportunities and money making ideas online, I realised something obvious. Running an online business takes far more effort than most new “netprenaurs” realise.

To produce income from an online venture, you need to sell something. You must have a product of sorts. Whilst the majority of Internet newcomers don’t have any products to sell, they simply surf the net looking for a “magic solution”. A lot of people expect online money to be relatively easy. You hear about Internet gurus almost every day. The problem remains, you need to have something which other people want.

As a starting solution, the average surfer turns to eBay. Here, one can easily sell anything found around the house. It is a quick and easy way to make some fast cash from unwanted items. However, to make a constant stream of income, one would need a constant supply of products. For this, the seller would need to source a supplier who can supply in large quantities at lower prices. Once the logistics are set, the seller needs to make ads for each item he wishes to sell and arrange for delivery. This type of income is known as linear income. You work once – you get paid once. Residual income refers to working once yet being paid many times over for the initial effort.

Over the last 10 years, an Internet solution has developed for those who don’t have their own products to sell. It’s called an “Affiliate Scheme”. There are thousands of websites and companies looking for normal people to help sell their products to the public. These companies offer an affiliate program on their website. Anyone who signs up to the affiliate program can make a commission every time they sell one of the company’s products through their own recommendations. The affiliate has the duty to promote the company’s products using any method he/she can. Usually, the promotion is done through various Internet marketing methods.

Internet Marketing is the key to any online venture! The adage “build it and they will come” does not work online. If you have an online store, you have to actively work and market your store for people to buy from you. You may have the best product in the world but if nobody knows where to find it, it won’t sell.

The problem is, Internet marketing takes time/money and even then, you’re not guaranteed to sell any products.

So what’s the solution? Should you forget about selling anything online? Not at all. If you have the patience to build a website and then work on promoting it, you could make a decent living providing you generate enough traffic to your website. Driving visitors to your site is the hardest part of running an online business. Nevertheless, there are many people who have succeeded by implementing good online marketing strategies.

The Alternative

Recently, I came across an online business which didn’t require selling a product. You don’t need to have a website and you don’t need to do any Internet marketing. None of the usual online money making steps apply to this alternative. Yet, this business can be extremely lucrative.

The business I am referring to is ‘Online Foreign-Exchange Currency Trading’.

Although it sounds technical and complicated, it is very simple. With currency trading, there is no need to become an online marketing guru. You don’t need to speak to anyone and you don’t even have to step outside your house. By checking several ‘chart lines’ on a daily basis (which is easy to do), a full-time income can easily be achieved providing you know exactly what to look for.

Chart

Before rushing off to start your own currency trading business, there are several factors you need to understand. You need to know what each part of the chart represents. It’s not difficult to comprehend but it will require some thought.

Currency trading provides plenty of free time primarily because of the trading methods used. In fact, there are hundreds of mums and dads sitting at home making money through this method.

Trading currencies is also known as Forex Trading. Forex is short for “Foreign Exchange”. There are over 12 million people across the world who trade currencies. Some of them trade by looking at economic factors whilst the majority of traders trade by analysing charts on their desktop computers. This is the simplest and easiest method of trading.

Because of the ease in setting up this business along with the massive appeal it holds, scores of people start this venture every day. As a result, I thought I should do some research as this was something ‘hot’.

I opened an online trading account to see what all the fuss was about and I soon found out. I was able to analyse live charts in front of me and buy/sell currencies with the click of a mouse. In fact, I found it quite addictive.

The trading account I had opened was a dummy account. This meant I could use phantom cash (starting balance ~ £2000 ($3900) and make buy/sell decisions with real market charts and information.

Since I was playing with fake cash, I wasn’t serious about the trades I placed. Initially, my account grew and I made a lot of money. Soon afterwards, the losses started to accumulate which led to a large gaping hole in my trading account.

I knew I could make this work and make a decent side income so I sought advice. After speaking to a few professional traders, I realised that I needed some formal training. I scoured the Internet and found a currency trading manual for sale at Webkept.com which promised to teach me from the beginning.

I ordered this manual (the Affluent Desktop Currency Trader) and not knowing what to expect, I started reading it straight away. I spent a few days reading and re-reading the material.

It was absolutely breathtaking.

Once again, I started practicing on my dummy account whilst referring to the information taught in the manual.

Slowly but steadily, my account balance began to grow. I drew the lines and analysed the charts in the same manner as taught in the manual. My dummy account was beginning to see new heights. I was amazed. It actually worked. This was all the convincing I needed.

I applied for a live account and started trading straight away. Unfortunately, I started gambling just like I did when I first opened the dummy account. It took one large loss for me to realise what I had done. I mentally slapped myself and pulled the manual off the shelf. I kept it in front of me whenever I placed a trade from that moment on. In effect, it was my guardian. It helped me stick to the trading rules and do things in the correct manner.

As easily as before, my live account started growing. I banked money every week and every month. As long as I maintained the proper mindset, I was making money. Whenever I needed extra information, I would refer to the manual.
To this day, I am still making money as a direct result from the knowledge and experience contained in
The Affluent Desktop Currency Trader’ manual.

A trading account can be opened with a recommended starting balance of £2000 ($3900). The minimum starting capital required is only £170 ($300). Imagine that! What other home business can you start with an initial starting capital of £170 ($300)?

Losses are a natural part of trading. The secret to successful trading is to keep the losses small whilst letting your profits run longer. Although this may seem obvious, many new traders forget this simple rule.

There are two main aspects to trading which every new trader needs to be able to control: - mindset and money management.

This is also explained in the manual.

With my currency trading business, I am able to profit regardless of the economy or any other factor. I can profit whether the chart goes up or down.
A strange concept you’ll find with currency trading is the ability to sell first (at a high price) and buy later (at a lower price).

Market Although the manual taught me almost everything I know about trading today, it also gave me a new outlook on life.
There are things I learnt from this currency trading manual which are difficult to express.

If you are thinking about starting your own currency trading business, I’d urge you to invest a little money by educating yourself first. Your education will pay for itself in a short time.

The Affluent Desktop Currency Trader features specific study & practice material which starts the beginner from the basics and works with him/her throughout the learning process. Every section is detailed in a step-by-step fashion. This manual is wonderful and has my nomination for the best business opportunity and currency trading educational manual for money value and realistic earning potential.

Further information is available from the forex ADCT website: www.webkept.com