1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Is 670.85% In 89 Days A Good Return? Would You Want It?

Discussion in 'Making Money' started by jammie, Jul 21, 2008.

  1. jammie

    jammie Jr. VIP Jr. VIP Premium Member

    Joined:
    Feb 24, 2008
    Messages:
    773
    Likes Received:
    453
    Hi,

    Well basically i make my money online trading forex but i've been looking into internet marketing etc. n im thinking about selling my strategy for trading online.

    I developed this and started using it on the 24th of march, and today i worked out my return is 670.85%.

    Basically, would you want this sort of a return? any one who is a trader or an investor? or is this mediocre compared to other systems? (its not automatic and its not a "mechanical" system)

    would i be able to sell this product effectively? i have proof of returns etc. and could easy write a 200-300 page ebook, with lots of video on the system (i.e. an hours worth of video)

    cheers,

    Jamie
     
  2. vcd0304

    vcd0304 Junior Member

    Joined:
    May 23, 2008
    Messages:
    126
    Likes Received:
    145
    Occupation:
    looking for a job
    Home Page:
    I was a little interested in forex, but i know NOTHING about it, so i thought i should stay out of it.

    If you can write something that a super beginner can understand, i'd be interested.
     
  3. topam

    topam Registered Member

    Joined:
    Jul 14, 2008
    Messages:
    76
    Likes Received:
    22
    As long as you provide proof and make it extremely easy to understand becasue some people just like me are complete newbies when it comes to forex.

    And if you do sell Id be interested as long as its east to follow
     
  4. ky0306

    ky0306 Guest

    I'm interested too, but I'm having the same situation that vcd0304 had.
     
  5. scubaslick

    scubaslick Regular Member

    Joined:
    Aug 23, 2007
    Messages:
    392
    Likes Received:
    512
    It's not about the method it's about the marketing and you've got an eye for copywriting. Good headline, teaser story and pre-sell. Specific, touching the market's trigger point (we're all here to make more money-slash-ROI).

    If your system is as good as your copy promises to be, you might have a winner on your hands.

    Forex is a pretty beat up market for ebooks and systems but gamblers are always looking for the next great secret and at heart most traders are gamblers. It's an addiction and you can feed it.

    Go for it.
     
  6. jammie

    jammie Jr. VIP Jr. VIP Premium Member

    Joined:
    Feb 24, 2008
    Messages:
    773
    Likes Received:
    453
    well, i've been trading for 3/4 years (im 19 and started when i was about 15).

    the system is actually pretty simple, so i was going to just pad the product with lots of info on the forex market, i.e. how & why it moves, fundamental + technical analysis, risk management, finding a broker etc.

    response seems good so far, oh and by the way, i'll be giving the link out to BHW free if i decide to give it the green light (likely atm), but only people registered before today. On account of the fact this forum has basically given me the balls to put some money on the table. (i know i only have a few posts, but i come on here almost every day and read about list building, viral marketing etc. just to make everything possible)

    90% of something is alot more than 100% of nothing =]

    so i presume people want everything to go from basics? would people pay more if i included videos on setting up the system and example trades?

    also, what price should i be setting? i was going to put $30 on it (well 27), but figured it devalued the product, so with all the videos & tutorials etc, i was thinking maybe $90 (i.e. £45 to us brits), thats pretty good profit & not too steep (i don't think?)

    ps - thanks for all the replys!
     
    Last edited: Jul 22, 2008
  7. ninjagert

    ninjagert Registered Member

    Joined:
    Mar 27, 2008
    Messages:
    52
    Likes Received:
    24
    89 days is not long enough to gauge how good as system is, especially in forex. I'm no expert myself but you can program metatrader to run a system over years of past data. Then you will know if you have a system that is worth considering selling. But like I said, I'm not an expert, and my experience with forex was not a profitable one.

    edit: sorry missed the part its not a mechanical system. Disregard the above.
     
    Last edited: Jul 22, 2008
  8. jammie

    jammie Jr. VIP Jr. VIP Premium Member

    Joined:
    Feb 24, 2008
    Messages:
    773
    Likes Received:
    453
    its not an expert advisor, i have & use plenty of those (to diversify portfolio). this is a trade setup & exit system, its more leveraged for higher gains and it's hard to program all the factors into an EA, possible yes, but i simply don't have the time to learn MT4's language.

    Plus, backtesting is very rarely accurate as you know both open & close values in time periods (all thats recorded) you can't take into account freak market moves that do happen between them. But i agree, it is an immensly valuable tool. I'd never of ran half of my programs without it!

    my first 2 years weren't profitable - good job i only used "play" money back then! i just thought of it as gambling - up or down, then came to realise there was alot more to it! glad i stook at it though!
     
  9. caretaker2007

    caretaker2007 Power Member

    Joined:
    Dec 20, 2007
    Messages:
    720
    Likes Received:
    454
    Occupation:
    To create income streams
    Location:
    In a 6 by 3 plot
    Home Page:
    jammie, will your ebook cover the quick trades, using lots of small pip gains to make money, or on having the buyer pay attention to the overall global markets and what kinds of wording in speeches will affect your pairs making for larger pip gains overnight while one sleeps?
     
  10. jammie

    jammie Jr. VIP Jr. VIP Premium Member

    Joined:
    Feb 24, 2008
    Messages:
    773
    Likes Received:
    453
    both really, it'll show how to predict where the market will move, so you can either take a quick trade if you think you can get a few more pips before the resistance level is reached, or setup trades so when an entry point is reached, you can ride it for every last second.

    I method mainly uses smaller trades, but because it'll cover fundamental in quite abit of detail, it'll show you how to keep in those longer trades aswell (with the use of some technical analysis on a longer time frame).

    But what the main focus is on is knowing when key things happen - i.e. if you have NFP comming out at 8am and you have a position open already, that news could *really* go against you (like 120 pips in 3 minutes), so my books about getting out before things like that happen.

    I *hate* trading news though, because of slippage (i.e. 2 pip spread goes to something crazy like 10 or 12), and because no one can ever be certain which way the market will go.

    I once tried pending orders 10 pips above & below the current price on EUR/USD, so no matter which way the news went, i could get a trade and a few pips in. Nope. Market swung opened a trade, reveresed, stopped it out and opened the other, then reveresed again stopping this position out aswell. I Wasn't Too Happy!

    I've avoided it since, so i make sure i know whats going on and get my trades in around it when i can be sure to know my trade inside & out.

    Hope that helps!
     
  11. AnImALmoTheR

    AnImALmoTheR Junior Member

    Joined:
    Feb 27, 2008
    Messages:
    171
    Likes Received:
    100
    Location:
    StockTown
    Almost seven times the money. That's good, i would put in money for a investment like that. But you say today 670% but has it been a steady increase of the amount or has it been down to almost zero and up again?
     
  12. scubaslick

    scubaslick Regular Member

    Joined:
    Aug 23, 2007
    Messages:
    392
    Likes Received:
    512
    Heh. You got my marketing juices flowing with this.

    The price you can charge is directly related to the level of excitement you can generate in your target market. If your system really works, I'd take a different tack than just sales letter + advertising = sales.

    Hype it a bit but creatively. Get people horney to have your system.

    For example: "leak" a link to a page where you track your daily stats. Something like whiteboard.com and "accidentally" make it public. Just put what you're results are, the pairs you're going to trade the next day based on your analysis, your exit points etc. Don't put the actual method, just be some guy who puts his stats up on a whiteboard (or whatever) to make it convenient to get to no matter where in the world he happens to be. And make it real. Use real trades, real pairs, real events etc.

    If it makes money over a period of a few weeks, in "public" view, people will give themselves hernias yanking their credit cards out of their wallets. Especially if you let them tag along and make a buck or two along with you while you "travel" or whatever.

    "Share" your adventures with some mates. Post pictures of the cafe you're eating breakfast in in Lisbon, a shot out the window of the train in Switzerland. Hell I don't know, just "be" somebody living a kickass lifestyle who posts this stuff for some friends to see.

    Shit like this, if you do it right, can go viral in a heartbeat. People start tagging the page, following your exploits, getting hungry and horney for it, then trying to figure out how to get in touch with you.

    Then you leak that you're in Bulgoslavia or some shit and can't access your normal email address or something. You put up a contact email and WOW! (on the whiteboard) "Hey boys. Apparently my little whiteboard got leaked. I've gotten 200 emails from people all round the world wanting to know what I'm doing. I think I should write this out and let people know about it."

    Bam. A viral affiliate program is born. you work it, decide on whim that "the only way to really show people is to be thorough, but that's going to take some time" and your price goes up accordingly. Now it's 197 pounds, discounted to 149 for the first 50 buyers to help you work out the kinks. (sorry don't know how to make the little L symbol) and you've got people running around with giant erections and credit cards waiting for you to release your gooey knowledge goodness on them (pun intended).

     
  13. jammie

    jammie Jr. VIP Jr. VIP Premium Member

    Joined:
    Feb 24, 2008
    Messages:
    773
    Likes Received:
    453
    well, the report from MT gives a graph, here it is:

    [​IMG]

    It's abit dodgy, i know, but as i said i was developing the system & i fine tuned it about trade 140, thats why it seems to go up abit more. I was using a more low risk system i developed, but it really didn't seem to suit forex. It seemed logical in my head but in practice it didnt work, so i tweaked.

    Maximal drawdown has been 10.28%, hope that helps! (also that was using the old system, i hardly ever used stop-loss on those, which is why it got lower than i'd of liked).
     
  14. jammie

    jammie Jr. VIP Jr. VIP Premium Member

    Joined:
    Feb 24, 2008
    Messages:
    773
    Likes Received:
    453
    (sorry for double post, can't seem to edit my last one =S)

    Scuba, thats actually a great idea!

    how would i "leak" the link though? i currently have no list till i think of a name for my product etc so i can make a site and start getting names, JV perhaps? but i found no one last time i looked >.<
     
  15. creztor

    creztor Power Member

    Joined:
    Jan 20, 2007
    Messages:
    731
    Likes Received:
    295
    Location:
    Australia
    Home Page:
    jammie, if you have live reports showing maximum drawdown etc and have tested it live for more than a year and has a hit rate higher than 50% it will sell. Don't take this personally, I don't believe those kinds of returns are sustainable, but that's not the issue here. Would it appeal to the masses? Yes it would. Just promote it properly and you should do well.
     
  16. scubaslick

    scubaslick Regular Member

    Joined:
    Aug 23, 2007
    Messages:
    392
    Likes Received:
    512
    The JVs come after you have the buzz created. You're marketing to the marketers as much as to the buyers. When you can say "Look, I have 200 people worldwide hooked without even trying" you can start to make people pay attention. That's not to say you can have a shitty pitch page, or an unworkable idea or just expect to make a million off your ebook, but having a gimmick like "people are actually actively LOOKING for me to buy this" is a whole different deal than, "Hi, my name's Jammie and I have an eBook on Forex that I just know will make you money if you JV with me."

    The list building comes after you create the buzz but before you try for the JVs. If you can build enough mystique that people are actively looking for a way to contact you, you can easily build a list and protect it from your JV partners down the road.

    As to tactics:

    You leak it with straight up blackhat methods. Stumble/Digg/Twitter etc. through some shill accounts that you own (if you have any; if not, make and age some while you write the eBook). Do it after you have a few posts on your whiteboard or blog so there's enough meat there for each new visitor to look at the "history" and go "Wow! This kicks ass. I think I'll check back every day to see what this guy's making." And if it works they addict themselves to the idea of instant profit. Addiction is easier to sell than anything else except fear.

    The subtle, secret, irresistible draw is that it's a secret that was never meant to be revealed. Every visitor will feel like they're watching home made porn with Barney Spears or Anie Cornikova. None of us want to admit it but the truth is we love feeling like we're spying on someone's personal life. If you play this right, that's exactly how everyone will feel. You "let them off the hook" of their guilt by making a public announcement of how to reach you.

    This engages a lot of psychological triggers like commitment and consistency. They've already decided to buy, now you give them the means to do so; they'll almost literally have no choice but to join your list and pay up when the time comes.

    Yes, it will take some thought and timing. Yes, you can do it. :)

    A few diggs or whatever gets it on people's radar. They then re-digg it and it starts to go viral precisely because it's spying and makes money and touches on the voyeur in us all. You're basically playing on the two strongest human emotions: sex and greed, at the same time.

    If you can't do it with your own accounts, the BHW community would probably love to make a buck by tossing their own diggs/stumbles/sphinns in exchange for a premium payout for early adopters.

    I'm not sure about BHWs rules, but asking for social hits in exchange for an extra 10% on launch might work. You might also get told to get bent; who knows? But it's worth a shot.

    At any rate if you need more ideas for getting the word out hit me up in a PM. I don't want to create a giant post-count-fest here. I just want to help you get this thing moving.