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Showing posts from October, 2015

The Trading Robot

I have got a fourth payout this week. So far this HYIP has been keeping their promises of the monthly payout. As for capital protection, I suspect I can only find out once the year is up. The trading robot used to trade the account for us is quite weak. I see more losses coming from it than wins, but the company has just reconfigured their robot. I am still waiting to see how it will perform. While I am aware that both the HYIP and I do not really earn from the trading (and they have been transparent with us over the losses being made), it would be nice to know that the trading robot has been programmed to win rather than to trade. This has been the strangest HYIP I have ever encountered. Most HYIP will put up fake statements and entice people to put in more money. This one shows the real thing (losses), has horrible customer service, has a relatively high initial investment in the HYIP world (USD1300) and actually caps investments (you cannot put more than USD10,000 with them). It has

The Third Payout, and the Overloaded Introducing Broker

I applied for my third payout this month, boosted a bit by the two downlines that are under me (both introduced by my wonderful upline, because I am still building my cases to reach out to my contacts and convince them of this wonderful financial investment). As expected, my downline commented on how the Forex company is a poor communicator, sending confusing messages with their trading reports. I agree with this aspect, and perhaps that is why they use an MLM system to get investors. The uplines are expected to be their sales and support staff. It is a very remarkable way of getting things to work indeed, seeing that their customer service (whatever little there is), is really bad. Another aspect of customer service breakdown that my Malaysian investors have been going through is that of their country's Introducing Broker. The volume of transactions are huge over that market, with hundreds of thousands moving through the system. To avoid issues with banks shutting them down over m

The Second Downline and Payout

I have just received my second 11% payout from my account with this Forex firm. My uplines are on their 8th payout already, and since they are extremely active with securing downlines, they get bonuses from their downlines' activity too. I have also received my second downline, also referred to by my upline. The Forex firm understands how Amway and other MLM companies work, and is using this model to increase the amount of money they have to trade and make profits with. Unlike other Forex investments, this one is passive from the investor's point of view, and professional fund managers manage the investments. I shall describe how the issue of "churning", the bane of most Forex investors in the past, is dealt with in this Forex firm in another post. This investment is looking good so far!

The Introducing Broker, and the Actual Returns

I have just applied for another monthly withdrawal of my 11% of USD1000. Since we need USD300 to put aside (considered part of the capital, which we can withdraw were we to close the account) to open the account, and this USD300 is not considered in the 11%, our actual monthly returns is 8.46%. If there is one thing I do not like about the HYIP, is how they do not "tell it like it is". Instead of proclaiming returns of 12% monthly, and then mentioning that it is based on the USD1000 trading capital, and that there is a monthly maintenance fee of 1%, why not just tell us it is 8.46% per month? The returns are still very fantastic, especially when you understand that most stocks give only about 8% per year on average. The poor customer service of the FOREX company also meant that Introducing Brokers are necessary. They are essential remitting agents dealing with the FOREX company, and each country has its representative IB. The one I deal with in Singapore gives me rates of 1.4