If there are winning strategies (esp. in a high volume market such as forex), how do you explain this was not arbitraged away already?
I can believe there are winning strategies in stock (because some strategy might scale for an individual investor but won’t scale for a larger fund, so bigger players won’t go after it), but I can’t explain why it would be the case in forex given the volume/liquidities so would be interesting to get your reasoning there.
edit:
By the way do they disclose what their revenue sources are? (e.g. how much do they gain from referrals?)
petsitting
go to www.petsitting24.ch
I can imagine myself being paid even a minuscule amount of money to walk (= exercise) with a dog (which I love but don’t really want to have).
what can I say, I dream small
Sources of revenue for what? It’s just an education channel. Maybe the guy gain some income from his youtube content, but he’s not giving an all ready to use method or so, just hints. He sells nothing. Not everything is a scam…
I’ll answer your previous question in another post, might be a bit longer
He’s an allegedly professional trader who explain his advanced trading technique in Forex, without giving away his own indicators but explaining how to test and choose your own. No link to anything, no referrals or codes… Ok, maybe he’s pushing a couple of people a year to start loosing money on Forex… well I doubt you can gain money from that, or that the US Exchange is offering a referral program…
They definitely disclose referrals to fx brokers, I just wonder how much revenue that is. (e.g. for some prominent fire bloggers, it’s apparently pretty significant).
As far as I know all the FX broker link from the website are direct link, without referrals url or codes…
Anyway I don’t want to spend too much time defending the guy as I don’t know him or if he make money from that, that’s not the point and I don’t want to derail too much the topic. I suggest to listen to the videos though, I found it interesting stuff.
The first time I arrived on this forum/blog and see that you can “retire early by putting investement in the stock market even with a normal salary”, I had exactly the same reaction. So are 99% of the people I talk about FIRE. Only a few percentage of the population will take the time to go deep into digging on the complexity of the topic to finally became convince that it’s possible. I am, even if I have no result to show for it yet, but your NW inspire me, for exemple.
About 10 years ago I was into professional online Poker. Once again not gambling, not making millions, but by learning some statistics and plan, being able to have positive return over time as long as you stick to the plan. Exactly like you will when the market is crashing and you keep to your plan to invest in your ETF. You know (as much as possible) that it will be OK on the long run because you trust your plan. I didn’t stick with the poker because it require hours and hours of playtime in front of your computer and I didn’t like it on the long run, but the plan was working. And if you look at the top earners in professional circle, it’s always the same people, using always the same plan. With on or two lucky gamblers appearing from time to time.
So that’s my mindset when considering all those options. I might be wrong about this specific case, or the plan can be harder to find/learn/create that I expect, but I don’t want to throw the baby out with the bathwater juste because of the “but if that would work, everybody would be doing it!” argument.
Once again I’m not talking about the illusion of getting rich overnight. Just to find a way to create another stream of income, even small.
But you’re probably right about the liquidity issue, it might require a consequent amount of first income to not become margin called on the first fluctuation. Hence the months/year to train on paper money first…
Thank you, but that’s clearly not something I will fall for.
I’m not paying for something I can learn to do, especially when it smell that fishy. Like I said I don’t want to gamble, I want to learn how to do things, which I’m actually learning. Will take some more months of education and demo-trade, but at the end I think it can be worth it. Thanks for the tip anyway.
Not the most lucrative but I started collecting about 5 pieces of Fintech related news per week for 20$.
Since I read Fintech news pretty often and it doesn’t take more than 10 minutes to create a catchy title for each article, it’s some nice beer money activity
Pet sitting seems interesting, I see a lot of ads in my local area! For the ones that have tried it before, what do the rates look like?
My girlfriend walks dogs from such a platform and gets anywhere between 5CHF and 15CHF per walk or per hour. And I don’t know how much you get paid if you take them for longer (a half-day or even a week).
If you’re artistic and have some kind of drawing tablet, selling your designs on redbubble.com or similar sites can be an ok source for passive income. I have some designs I made when I was younger that bring in about 50€ a year, which isn’t much but it’a free money. If I got more serious with it I imagine it could definitely give more.
Talking with colleagues it appears that a good number of them aren’t filling the tax declaration themselves and instead they’re paying upwards of 100 CHF for the service.
I’m wondering if it could become a small side hustle, after a few years of practice I can probably fill up my declaration in 30 minutes once I have all the documents so it should probably be a relatively quick job in most cases.
Does anyone know if you need to be a qualified professional or if there’re other restrictions for this?
I’ve done software freelancing on the side when I was studying, before getting my first job. Things like websites for small businesses, software for small businesses, software products I’ve sold, network/IT infrastructure for small businesses. It was good money at that time.
However, It is not exactly the “be your own boss / work as much as you want” experience. On one hand, it was a lot of fun building all of the software, web sites, and stuff from scratch. On the other hand, (as I am aware now), software has a lifecycle, so shorty afterwards, you start to get bug reports, change requests, and most of the time you are fixing some problems, and you’re oncall all the time. Most of the money in software is made with boring stuff, such as maintenance. As an example: If you have an Android app, you’ll probably spend more time upgrading it for each new Android release and fixing bugs resulting from incompatibilities with devices, as you’ll spend on building the app itself.
In the end, you won’t have a boss, but the customer will end up being “your boss”.
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