I am a retail trader/programmer with over 20 years of experience who has created software to allow clients to copy my trades automatically without any input from the client.
My goal is to gain an average of about 6% per month which will double the client's money annually while the client works or sleeps. It is pretty simple technology. When I buy, you buy.
When I sell, you sell. All this is done in proportion to the amount of money in your account. I am selling this service for a monthly fee. This allows anyone to be able to copy the trades
of an experienced trader automatically without having any experience. In the past, this type of service was only available to institutional traders, I am making it available for use to anyone
who has as little as $500 in their FOREX account. This video will help answer some questions.
Why is this service valuable to you?
FOREX trading can be one of the most profitable enterprises a person can undertake. The potential is absolutely huge. The down side is that FOREX trading is difficult and time consuming.
The overwhelming majority of traders who attempt it fail, but those who can get past the incredibly difficult learning curve can make huge profits. An experienced Forex trader can make more in a
month than the stock market average rises typically in a year. My service allows anyone to piggy-back off of my trades without having any experience. All of my results are
posted every half hour and verified by a third party. I give personal, professional service and I enjoy helping my clients make money or learn to trade. I do this without long term contracts so that
I have to earn your money.
My results for this project are automatically updated on the half hour and recorded daily since April 7th, 2019. Of course, future results cannot be
determined solely by looking at past results. In addition to looking at results, you should also pay attention to other factors such as style of trading,
risks vs rewards etc.
How much money to I need to have to use your services?
You need at least $500 to use my system. Why $500? I want to make sure you have a chance at making some money. With my $4.99 monthly fee,
I target about 6% per month. Sometimes I get more. You will need to make about $20-25 to make this system worth it for you. This should be do-able with
around $500. $600-$700 is even better. The fee system is tiered so that small accounts can make money too.
How do I get started?
Follow these 3 simple steps to get started and you could be generating passive income starting today.
Create a BetterWayToTrade account by following this link. This takes less than 1 minute.
Get the Account number and API Token from Oanda and put them into your BetterWayToTrade account settings, then turn auto trading on. The account number is found in the "Manage Funds" link
after you login to your Oanda account. Then go to “Manage Account” up at the top. Then hit the “Manage API Access” link. After you generate an API token, cut and paste it to your BetterWayToTrade account.
Finally, on your BetterWayToTrade settings, Select "Automatic Copy Trading is turned ON".
That is it! After this, your setup is complete and we will trade for you while you work or sleep.
How can I independently verify your results?
When I tell people my average monthly percentage gains, occasionally they don't believe me. Many people are taught to believe that anything over 15% annually is too good to be true.
The good thing about my system is you will be trading in your own account with a broker that I am not affiliated with. You can
verify your balance at any time in real time. OANDA offers a host of platforms including a mobile app that you can use to monitor your trades and balances. In addition, I have had the host
account registered and publically verified at MyFXBook.com which is a third-party organization not affiliated with myself or Oanda.
You can go to link to verify my track record
and see all the relevant statistics of the host account for the entire span since I created it on April 7th, 2019. Note that the daily percentages will vary from my results page as MyFXBook does not count open trades. They update every 4 minutes while I update my site about every half hour.
You can trade my system whether or not you know anything about the FOREX markets. But, I think you should at least know the basics. Here is a wiki link to get you started on FOREX basics.
Be sure and come back once you familiarize yourself with the concepts.
Although you can sign up and trade my system with absolutely no experience, I caution everyone to know the possible risks and rewards of FOREX trading. I would prefer that
you understand the basic concepts of leverage and risk so that you can better understand whether or not this is for you.
The concept of "Copy Trading" or "Mirror Trading" is not new. It has been around for over a decade. Copy Trading is a FOREX strategy that allows investors
to copy the trades of experienced and successful FOREX investors. This type of trading was initially only available to institutional clients but was
later made available to retail investors. There are many sites that provide mirror trading but you
need to be careful. Many of these "opportunities" either charge by the trade or employ some other fee structure that is not beneficial for
the client. Most employ computerized strategies and some use highly misleading martingale strategies which "work" for a period of time
before losing big. I offer a more personal and flexible approach. My job is to give you consistent returns
year after year. My fees are reasonable and I really enjoy trading for my clients or helping them to become successful traders on their own.
How much time do I need to spend on this program?
After the initial setup, trades occur automatically while you work or sleep. You don't need to do anything.
How much experience do you have trading FOREX?
I started trading in 1999. At age 51, I can now say that I've made about every trading mistake that there is to make, and that is exactly the type of experience
that benefits you. By piggy backing on my trades, you don't have to make those mistakes. I wish I had an opportunity like this when I first started
trading. Whether you are a new or experienced trader, I'm happy to work on your behalf to find and execute the best trades possible. I post my results
every single trading day on this site so that you can see for yourself.
I'm a programmer by profession. I've written my share of computer automation software to try to trade the markets. My opinion is that almost
none of it works. If you see someone selling a "system" for $99.99. Run away! It is extremely unlikely that someone created a system that
returns double digit monthly percentages and wants to sell it. I consider myself to be a discretionary technical trader. I use various forms of
computer automation to find entry and exit points, but I make the final decisions. In addition, I occasionally consult a small group of successful traders
for ideas, but ultimately, it comes down to my decisions. My decisions are based on many factors. I am generally a short-term trader. I hold positions for hours, days,
and sometimes weeks. This means that I am more apt to use price action and momentum rather than fundamentals for my trades. While I often add positions to trades that are
underwater, I only do so within a specified pre-planned area. I do not employ martingale or other destructive strategies. My goal is to achieve anywhere from 5-10% per
month. I employ patience, confidence and discipline to all of my trading. I will have losing days, weeks, and occasionally months,
but it will be rare to have a losing quarter. I try to be profitable over every 25 day period and significantly profitable over every 65 day period (quarter). This is not
a magic bullet. Patience is required for all who trade FOREX including mirror traders.
What can I expect in terms of volatility?
Forex can be very volatile. I seek to minimize it with my trading approach. My goal is to be profitable over
every 25-day (5 week) period and significantly profitable over every 65 day (1 quarter) period. You can therefore expect many losing
days, weeks or even an occasional month. There is no magic bullet that I know of which can make a trader profitable every day. Patience is
required, even using my system. MyFXBook is a third-party organization that verifies my results. They also include very good statistics such as draw-downs and volatility.
You may see those results here..
What do I need to get started?
If you wish to move forward, you need to open an OANDA trading account. My software only runs through OANDA. Why OANDA? I have used many
different brokers and I prefer OANDA for reliability and pricing. Their service is pretty good and I like the fact that they cannot invest
customer funds. I am not associated with OANDA in any way and do not get any type of kick back if you open an account. When you are ready, you can literally sign up in minutes. Here is the link:
OANDA sign up. I suggest that you have at least $500 in this account, but if you
want to use less for the trial period that is fine. After your OANDA account is setup, sign up for the free trial
here » You will be directed to supply us with the API-Token from your new OANDA
account. After we test the API token, we will turn on the system. That is all there is to it. The entire process is fast and easy and you could literally be trading today!
Can I use my broker instead of OANDA?
No. I specifically wrote my software for the OANDA V20 API platform so you must have an OANDA account to use my service.
Fortunately, you can open an OANDA account in minutes with a small amount of money. I have no affiliation with OANDA. I simply
like their platform, their fees, and their service. They have been around for a long time and have a good reputation. I also like the fact that they do
not invest client funds like some brokerages do.
What is your fee structure?
I have a "pay as you go" structure. This means that you pay for each month ahead of time and are under no obligation to continue when the month expires.
You may un-hook from my system and any time for any reason nearly instantly. If you don't make money, I know you won't stick around.
My fees are tiered so that both large and small traders can profit from the system. My job is to make the system profitable enough so that you are more than happy to pay my monthly fee.
Will I make the same percentage as the host account?
There is a slight delay on the client trades so that your entry and exit points will not be exactly the same as the host account. You may make more or less
than the host account.
Can I use that account to make my own trades?
Yes, but it is not recommended, however, OANDA makes it easy to create sub-accounts within an account. If you want to
do your own trading and also use my system, the best way is to simply create an OANDA sub-account and trade it as you like while I trade the other sub-account with
my system. This is a great feature that OANDA has to create as many sub-accounts as you want. For those of you who like to do your own trading, this is a great option.
Do you hold my money or does OANDA?
Your OANDA account is your own account. I cannot make deposits or withdrawals into your account. I cannot change your personal information. The API-token allows my
system to trade the account, nothing more. You can revoke the token at any time and I will no longer be able to trade your account. For more details on how the Oanda V20 REST API works. Click Here.
You can trade your OANDA account with or without my system. OANDA is the custodian of the money. See their site for details. If you want to make a withdrawal, you simply go on their site and make the withdrawal.
I have found that it usually takes only a few days by debit card. I am not affiliated with OANDA in any way. Before withdrawing your money turn off the BetterWayToTrade automatic trading because OANDA
requires that trades be closed before a withdrawl can be made.
Which currencies to you trade?
I usually trade these pairs but reserve the right to trade any pair supported by OANDA. EUR/USD, AUD/USD, GBP/USD, USD/JPY, USD/MXN, EUR/AUD, GBP/AUD, USD/CAD, AUD/JPY, EUR/JPY, GBP/JPY, USD/TRY
How do I pay my taxes on my gains?
There is plenty of information available on the web regarding this topic, but I am NOT a tax specialist so I cannot advise you on how to declare this income. I will only summarize my understanding as follows:
Similar to stocks, in the U.S. and other countries, taxes must be paid annually on currency gains.
These gains are generally considered a short term capital gain but in most circumstances you can have a 60/40 mix of Long vs short term capital gains.
According to wikipedia - "This is the most common way that forex traders file forex profits. Under this tax treatment, 60% of total capital gains are taxed at 15% and the remaining 40% of total capital gains are taxed at your current income tax bracket, which could currently be as high as 35%."
The nice thing is that currently you do not need to report every trade as is done with stocks. That would be very cumbersome. You are only required to record the total gain or loss during the year. This number can be found on the reports provided by OANDA on their web site. You will not be sent a 1099 form in most cases
for currency trading. Login to OANDAs web site to view available reports and statements. I record the number using Turbo-Tax for my own taxes.
Others that I know send their information to a licensed CPA. You will need to do your own research or consult a licensed CPA for further information
with regards to taxes.
How do I deposit/withdraw money from my account?
Simply log in to your OANDA account and follow the directions to withdraw or deposit. Note that you must close all of your positions before withdrawing your money. You should also turn the
system off until the money has been withdrawn to avoid opening new positions. In my experience with Oanda, it usually takes a few days for the money to appear in my checking account once a withdrawl is
made via debit card. You can view the status of the withdrawl on Oanda's web site. I have found that deposits using a debit card are nearly instantaneous.
Can you guarantee a profit?
I wish I could, but there is no such thing as a guarantee when it comes to investing or trading. Trading is inherently unpredictable and it is not for
everyone. Even for experienced traders, large losses are possible. In my opinion, you should not invest your entire net worth in FOREX.
Do you trade your own money?
Yes, first and foremost, I am trading my own money in the host account. I also trade family and friends client accounts so I have a lot of skin in the game and am very motivated to succeed.
Why are you doing this?
I see this program as another way to leverage my trading and experience for another stream of income. In addition, I get real satisfaction out of creating a high-powered investment for the
middle class. I enjoy helping others make money and teaching people how to trade correctly.
What are the cancelation rules?
I use a pay-as-you-go system on a monthly basis. You pay in advance for the month. Before your month expires you are free to subscribe again or let it expire. If your account expires,
we will not open new trades. We will only close out existing trades that we opened. You can re-activate the account by making a payment.
Your OANDA account is your own. You can keep that account open and trade with or without my system, or you can close it as desired.
Are you a financial advisor?
No, I am not a registered financial advisor. I am a retail trader/programmer who has created a technology to mirror my own trades for a monthly fee.
Nothing more. I do not advise on types of investments you should be making. I do not advise on taxes. I do not advise on other types of investments. My job is to trade
the host account in the best manner that I can and allow clients to follow along if they want to.
The use of this technology and the web site is at your own risk, and you assume full responsibility and risk of loss that you may suffer as a result of using the technology offered on this site except to the extent that liability under any applicable law or regulation cannot be excluded,
under no circumstances shall American Business Computing or its officers, directors, or employees be liable to you or any third party for loss or damage of any kind whatsoever arising from the use of this technology.
As explained on OANDA's web site, FOREX trading is inherently risky. Please be advised of those risks. American Business Computing and its subsidiaries including BetterWayToTrade.com are not
affiliated with OANDA in any way. We are not registered financial advisors and do not advise on tax matters or other investment related topics. American Business Computing and BetterWayToTrade.com
makes no guarantees that its users will profit from this program. Large losses are possible.