Why Forex? How to create a business (Session 3)
If you continue to trade by yourself and continue to make good money out of it, you are still a SELF-EMPLOYED.
You are no difference from a high income minister, a general manager, or even a insurance broker.
Let's take a look at some numbers.
Using margin (which I will explain in later sessions what this is) of 50:1 and a carry trade (which I will also explain in what this is) interest of 4.5% (GBP and JPY) and 2% (EUR and USD) for calculation. http://www.fxstreet.com/fundamental/interest-rates-table/
Assuming you have a capital amountint to EUR500,000. That will earn you an annual interest of 4%, that will bring you EUR20000 or SGD40000.
Assuming you use 20% of the capital which is EUR100,000 for a carry trade using 50:1 margin buying GBP/JPY, this will permit you to buy some 3,500,000GBP/JPY (in fact much more). Giving you a 4.5% which is EUR157,000 (in fact more) on interst annually. Therefore plus the remaining 80%, which is EUR400,000 or EUR16,000, gives EUR170,000 or almost SGD350,000.
SDG350,000 is very good for you to work when you like and even though without any work, money will still flow in.
OF course the questions is how to get EUR500,000.
The nature of this business as mention in Session 1 is that it has an element of compounding!.
Assume, you started off with only EUR1000, taking a profit of 10% per month, you will take 65 months to reach more than EUR500,000, or less than 5.5 years.
Of course, if you have more capital, you shorten your time.
BUT how to get 10% per month? I will teach the method in the later and coming sessions.
First get your maths right and believe that Forex can be better paid, use less time and ultimately become a business and a passive income generator.
Before I end this sessions, I will like to ask - why do you want so much money for?
Ecc 5:10He who loves money will not be satisfied with money, nor he who loves wealth with his income; this also is vanity.
Mat 6:24 “No one can serve two masters, for either he will hate the one and love the other, or he will be devoted to the one and despise the other. You cannot serve God and money.
Heb 13:5 Keep your life free from love of money, and be content with what you have, for he has said, “I will never leave you nor forsake you.”
It is not money, but the love for money.
Beware and I am cautioning all of you who thinks that money is the end, and worse still the weath or the monthly income that you get is used as a means of comapring with your neighbour. Your approval and your identity must not be in man, but God.
Set yourself a purpose, a bibical purpose in God. Achieving your purpose, brings about a sucess feeling and the meaning of this should be found in God. Sucess without meaning is life without purpose. Seek God for your purposes.
Use the talents God gave you and the money for the extension of His kingdom. Money buys dreams and dreams are unlimited. Money can never be an end, the fulfilment of your dream is.
Therefore, set yourself an end - when to end, what and how much to have in your final account before you call it quit.
Luke 9:25 For what does it profit a man if he gains the whole world and loses or forfeits himself?
In the next session, I will bring out the advantages forex over other commodities.
You are no difference from a high income minister, a general manager, or even a insurance broker.
Let's take a look at some numbers.
Using margin (which I will explain in later sessions what this is) of 50:1 and a carry trade (which I will also explain in what this is) interest of 4.5% (GBP and JPY) and 2% (EUR and USD) for calculation. http://www.fxstreet.com/fundamental/interest-rates-table/
Assuming you have a capital amountint to EUR500,000. That will earn you an annual interest of 4%, that will bring you EUR20000 or SGD40000.
Assuming you use 20% of the capital which is EUR100,000 for a carry trade using 50:1 margin buying GBP/JPY, this will permit you to buy some 3,500,000GBP/JPY (in fact much more). Giving you a 4.5% which is EUR157,000 (in fact more) on interst annually. Therefore plus the remaining 80%, which is EUR400,000 or EUR16,000, gives EUR170,000 or almost SGD350,000.
SDG350,000 is very good for you to work when you like and even though without any work, money will still flow in.
OF course the questions is how to get EUR500,000.
The nature of this business as mention in Session 1 is that it has an element of compounding!.
Assume, you started off with only EUR1000, taking a profit of 10% per month, you will take 65 months to reach more than EUR500,000, or less than 5.5 years.
Of course, if you have more capital, you shorten your time.
BUT how to get 10% per month? I will teach the method in the later and coming sessions.
First get your maths right and believe that Forex can be better paid, use less time and ultimately become a business and a passive income generator.
Before I end this sessions, I will like to ask - why do you want so much money for?
Ecc 5:10He who loves money will not be satisfied with money, nor he who loves wealth with his income; this also is vanity.
Mat 6:24 “No one can serve two masters, for either he will hate the one and love the other, or he will be devoted to the one and despise the other. You cannot serve God and money.
Heb 13:5 Keep your life free from love of money, and be content with what you have, for he has said, “I will never leave you nor forsake you.”
It is not money, but the love for money.
Beware and I am cautioning all of you who thinks that money is the end, and worse still the weath or the monthly income that you get is used as a means of comapring with your neighbour. Your approval and your identity must not be in man, but God.
Set yourself a purpose, a bibical purpose in God. Achieving your purpose, brings about a sucess feeling and the meaning of this should be found in God. Sucess without meaning is life without purpose. Seek God for your purposes.
Use the talents God gave you and the money for the extension of His kingdom. Money buys dreams and dreams are unlimited. Money can never be an end, the fulfilment of your dream is.
Therefore, set yourself an end - when to end, what and how much to have in your final account before you call it quit.
Luke 9:25 For what does it profit a man if he gains the whole world and loses or forfeits himself?
In the next session, I will bring out the advantages forex over other commodities.
God Bless.
posted by Ernest Seng at 12:08 PM
0 Comments:
Post a Comment
<< Home