So it seems as if most people trade forex for all the wrong reasons.
The first major “wrong” reason is income generation.
Forex trading is not consistent enough for “income” replacement – for most people.
Oh of course it can work if you’re trading balance is very high, say $100k however most people trade with very low balance due to emotions around money.
Emotions mean – most people feel as if money is scarce – hard to get, when in fact its everywhere. A successful entrepreneur can literally manifest money out of thin air by being creative and selling something (the easiest thing to sell is knowledge).
What about operating forex as a business?
A business has expenses and profits (a business is tax deductible).
And in fact forex as a business is the key mindset required to profit from forex.
I’ll just give it to you straight here; I trade forex for one reason.
That ONE reason is – to amass (collect) bitcoin anonymously.
So let me show you how to break even in your forex “business” and still massively profit long term.
I’ll use an example:
My forex business costs me $200 per month (software, server, copy trade service, etc.).
If my forex “business” then makes $200 per month – many would call that not very successful. Meaning my costs and profits cancel each other out.
However, when I withdraw my $200 forex profits and hold them in bitcoin – that $200 per month break even profit turns into a potential $31,900,000 – yes that is $31.9 million dollars over a 10 year period.
My total cost to do that was $26,000 ($200 per month over 10 years).
Now, could I go buy $200 of bitcoin every month? Yes – however doing so with my own money out of pocket puts me on the radar of other entities (countries, states, localities) that THINK you owe them a “tax” basis cut of that.
NO.
Not if I leverage my funds in forex, to create a small profit and then hold that profit in bitcoin.
The point here is this; you DO NOT NEED to outpace your “expenses” in forex trading to outpace your returns.
You could literally make less in profits than you are spending and still come out way on top – with the power of holding your bitcoin over time – with averages of 155% per year – you could be taking a 50% loss monthly and still come out on top.
So in conclusion…
Trade forex conservatively, amass (collect) bitcoin when you withdraw from your weekly forex profits.
Holding bitcoin after generating it is a much better practice than outright buying it and being on every country/state taxation radar in the world.
You don’t need to profit a lot, to end up being a millionaire in the end – if you trade conservatively and hold your profits in bitcoin.
It’s all about perspective.
Trade conservatively, and even if you only make 50% of what it costs you to trade, and you hold that in BTC (bitcoin) then you will come out way ahead in the end. $10 per week of bitcoin holding is all you ever need to earn millions in the end.
Terry
FXwithTerry.com
