Problem with HYIP's is that they ask for e-gold because they can't get traced back. Paypal won't let them process anything.
I had the idea of starting my own HYIP but just to use other people's funds to start a forex account in the tens of thousands. The percentage of profit would be directly associated with the profit the expert makes. I also was thinking of doing with cycles so people don't take out all their money during a trade or a series of trades. But since no payment processor will accept besides e-gold and your the one stuck with all the taxes, it comes out to not be worth it. Best thing to do is probably a private investment fund, more local.
I was thinking of starting that since I live close to a rather wealthy neighbor hood, put flyers in mailboxes etc. I don't think anything is good on the internet unless your the one that started it. The first HYIP's made a significant amount of profit, the first investors as well. the get-paid-to has just become ridiculous and too many people have them. autosurfing is just not worth it either, it brings you a few hits but that just becomes pennies after months.
Domain selling is almost dead now there are too many domain sellers and not enough buyers (unless you get a three-letter domain).
Sports betting I got crushed at. I made different spread sheets and in the end found out it was all bad. I was thinking of parlaying the best teams but then noticed that when the odds are greatly in your favor they won't let you do that. So i ended up finding out you make less than 20% when you bet and win on a team and you lose 100% for every time you lose. I used the yahoo expert and found this year's profit would have been ~30% for the whole year with a maximum betting of $10,000 and ~50 bets would mean you bet $500,000 during the season to win $3,000. worth it? I think not
Anywho I think the key right now is to work with the forex and fight greediness. People always get mad because they missed a big move when their little take profit touched at the bottom. But if you make many of these TP everyday and compound your earning that'll be a nice add.
Here is some simple math:
Start with a $10,000 account and 2 lots/trade. Close all trades at 5pips (5 pips profit, spread already paid for). You make maybe 3 trades per day. That makes 15pips/day. In an average of 20 trading days per month would make 300pips/month thats $6,000/month or 60% (thats huge). Compound your earnings and base your lots as balance/500(pips ur almost sure to never lose since the TP and SL are so small). So you have $16,000 on month two and your new settings are 3.2lots/trade and still 5pips times 3/day for 20day month. Now you're making $9,600/month (this is going to go fast now I'm going to keep the calculations for you).
month 3: $25,600 and 5lots/trade
month 4: $40,600 and 8lots/trade
month 5: $64,600 and 13lots/trade
month 6: $103,600 and 20lots/trade
Now I could go on but I have to stop the excitement and make sure you remember this is if you have no losing trades or if you just make that 300pips/month goal. Of course the market is never perfect and sometimes you might not be making those 15pips/day maybe sometimes you'll be making 30 maybe sometimes -10 who knows. Now if you take a quick look at the M5 and M15 charts you'll see that those 5 pips are possible. But don't hit yourself on the head and wonder why your not aiming for those 100 pips line that going up when you only take 5.
now I will finish the year:
month 7: $163,600 and 32lots/trade
month 8: $259,600 and 52lots/trade
month 9: $415,600 and 83lots/trade
month 10: $664,600 and 100lots/trade (maximum)
month 11: $964,600 and 100lots/trade
month 12: $1,264,600 and 100lots/trade
Remember this get huge so for every pip you win/lose it'll be worth $1,000 =P
Now you may want to do divide by 1,000 pips to be safer etc but in the end if you still aim for those 300pips/month you'll be making $300,000 per month.
I know a lot of people are thinking 15pips/day is a dream for many people but look into it, many people have been greedy and lose their money because they don't want to make small trades because they look insignificant. After the 10th month here each 5pip trade would be worth $5,000.
I'm sure this compounding strategy has been shared a thousand times but we need to find an expert (or you can do it yourself 10 minutes/trade) to get those 5pips
P.S. This is the longest post I've ever written!
Thanks for reading
-Gazuz
