I am not saying that a person need to run a scam. If the business is reputable and run properly it will be a lot less stresfull than trading. 2000 newsletter subscribers is not that hsrd sicne a newletter is cheap. $80 per month subscriptiona dvertised through the right channels with the hundred of thousands of people getting intot his business per year 2000 isn't a hard number to hit.
Expenses, you pay a good newsanalyst $80k per year and a good tech analyst $80k per year.
Those are youyr expenses, maybe you want to get them each a Bloomberg subscription.
$20k for advertising
$80k + $80k + $50k +$20k = $230k expenses
2000 subscribers = $1'920,000 per year gross
$1'690,000 per year Net
You do not need the stress of trading, all you do is let people write the newletter send it out and relax in a yacht on the French Riviera.
Nobody can sue you, you put disclaimers on and you makre sure the analysts you hire know what they are talking about.\
The point is running a forex business can be a lot less stresfull and a lot less profitable than trading. So to people who say that all guys who run Forex businesses are failed traders. You are idiots!
The point is running a forex business can be a lot less stresfull and a lot less profitable than trading. So to people who say that all guys who run Forex businesses are failed traders. You are idiots!
Ignored
Once again you are focusing on semantics - No not all, but most. And I happen to know a couple of them that are admittedly horrible traders, but they are great analysts. So when you say all, sure you are correct, not all are failed traders, but most are failed traders, just as most people are failed traders. What do you think that the 5% that actually make it in the black run call services. Why are you so offended by this? It is not an opinion, it is a fact!
For people to say 'oh well if he is running a service he cant be a good trader because he would just trade himself and be rich' is stupid.
That is the only point I am trying to make.
I know a guy who is in the 5% and has a 7 figure account to prove it. He is young and wants to retire young. So he opend a Forex business has other people run it for him and he lives from the profit. More profit than he make trading a 7 figure account.
It make sense, it's simple and it is not an opinion it is a fact.
