What give me this impression is by studying this blog : https://nononsenseforex.com/ . It took some time to understand everything (especially for a beginner) and then a lot of work to gain experience, but it seems worth it, from the outside. Maybe I underestimate the amount of work required and it may be too much for a side gig as you mentioned.
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 wonāt scale for a larger fund, so bigger players wonāt go after it), but I canāt 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 donāt really want to have).
what can I say, I dream small
Sources of revenue for what? Itās just an education channel. Maybe the guy gain some income from his youtube content, but heās not giving an all ready to use method or so, just hints. He sells nothing. Not everything is a scamā¦
Iāll answer your previous question in another post, might be a bit longer
Heās 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 codesā¦ Ok, maybe heās pushing a couple of people a year to start loosing money on Forexā¦ well I doubt you can gain money from that, or that the US Exchange is offering a referral programā¦
They definitely disclose referrals to fx brokers, I just wonder how much revenue that is. (e.g. for some prominent fire bloggers, itās apparently pretty significant).
As far as I know all the FX broker link from the website are direct link, without referrals url or codesā¦
Anyway I donāt want to spend too much time defending the guy as I donāt know him or if he make money from that, thatās not the point and I donāt 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 āretire early by putting investement in the stock market even with a normal salaryā, 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 itās 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 didnāt stick with the poker because it require hours and hours of playtime in front of your computer and I didnāt like it on the long run, but the plan was working. And if you look at the top earners in professional circle, itās always the same people, using always the same plan. With on or two lucky gamblers appearing from time to time.
So thatās 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 donāt want to throw the baby out with the bathwater juste because of the ābut if that would work, everybody would be doing it!ā argument.
Once again Iām not talking about the illusion of getting rich overnight. Just to find a way to create another stream of income, even small.
But youāre 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 firstā¦
Thank you, but thatās clearly not something I will fall for.
Iām not paying for something I can learn to do, especially when it smell that fishy. Like I said I donāt want to gamble, I want to learn how to do things, which Iām 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 doesnāt take more than 10 minutes to create a catchy title for each article, itās 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 donāt know how much you get paid if you take them for longer (a half-day or even a week).
If youāre 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 50ā¬ a year, which isnāt much but itāa 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 arenāt filling the tax declaration themselves and instead theyāre paying upwards of 100 CHF for the service.
Iām 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 thereāre other restrictions for this?
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