- So I woke up today and realized
I wanna become a millionaire
by the end of summer.
Now I'm halfway there
but how can I reach their even quicker?
Well, firstly, I'm definitely not going to be
able to work more hours or spend my time on something else
as time is limited.
I have a whole Amazon business to handle
and I'm sure you guys have a lot of things in life as well.
Plus it's been said
you cannot exchange time for money.
So I sat down in my favorite top and wore my thinking cap
while writing down potential passive income ideas
I could start straight away.
After countless hours of extensive research,
hard work and tears,
I found two methods I could use.
One was selling stock images, and one was EA Forex trading.
Can you guess who I went for?
Yep. It was Forex trading.
But I do have a career in photography, right?
Anyways, jokes aside.
I'm sure you guys are aware
of me trying Forex robots in the past,
but let's be honest.
I didn't have much experience finding the best ones
but now they have some cash to play around with.
Let's go make some bread
or blow my account up.
But you don't worry.
You can sit back, enjoy this video
while I show you exactly how to find a bot
and set it up.
But for all of this,
make sure you leave a like
because I've heard the more likes I will get
the more the bot will make.
And just for this video, any money generated by this bot
I'll put Amazon gift card codes throughout this video
so make sure you watch the entire video.
Now, the first thing I needed to do was to find a good bot.
I sat down once again
in my thinking corner and started digging away.
I went on MQL5.com
which has all the bots, free and paid ones.
Look at the reviews.
As we're rolling with money
I could picture myself in a Lambo
driving down Wembley
(laughs softly)
but later I did come across something shocking
or let's say a dark truth.
Most EA makers are smart.
They provide free bots
in order to get customers to write free reviews
in exchange for an upgraded package.
So this is how the expensive bots have a lot
of good reviews.
So you can literally never be sure
if the bot is legit or not.
After procrastinating for a few minutes
I went back to looking for a bot.
All right. So let me show you guys
how the MQL5 website looks
and where you can find the robot.
So this is the MQL5 website
and you simply press on the market button at the top.
And right here on the left hand side,
there's a menu.
And under MT4, MetaTrader 4
you'll see Experts.
Just click on that and you'll get all the EAs available
which you can buy or even get it for free.
There's a new category
there's a free category
and there's a paid category.
Now for this video,
I thought why not make it more interesting?
Rather than just going with one robot, like a paid robot,
why not compare a paid robot
with a free robot to see if I can make more money
with the free robot than the paid one?
So the free robot I have decided to go ahead with
is the Dark Venus.
(laughs quietly)
It's got really good reviews, it's free,
and it also works on a lot of different payers.
For example, the EUR/USD, GBPUSD, the AU
the Australian and the U.S. dollar
and all this stuff.
So this is the robot I went ahead with for the free one.
Now the paid one is really difficult to find
because you can't really know
whether the paid one's gonna be a good robot.
As I already mentioned, how people can fake reviews.
So when it came to finding a paid robot
I had to look for a long, long time.
Now there was one robot, which I really wanted to try out.
It's a robot I have used in the past
but I stopped using it around one year ago
and I don't know how it's gonna perform now.
Now the way I found this paid robot
was simply following my gut feeling
and just making sure it had five star reviews
and I read through each and every review
to see that they were not all matching.
There were some reviews, which were literally the same
so I did have a feeling
that this robot might not be the one.
But I thought it's just 30 pounds
so why not just invest that
and see if it still makes me money.
It's actually $30, not pounds.
Now, as you can see, it says installed on terminal.
And it does not say buy now
'cause I have bought this robot already.
Wherever you see the buy now button,
just click on that
and you should be able to fill in your car details
and that robot will be yours.
Now I'm gonna show you how you can install this
on your terminal, your MetaTrader 4 terminal
and you can start trading with this.
Now, if you are new to this Forex robot world
then lemme tell you guys a few things
which you need to know to be able to run these robots.
The first one is that you need something called a VPS
which is a virtual private server.
It's basically a virtual computer, which can stay on 24/7
because you don't wanna run the robot on your computer.
Because if you keep it on for, let's say seven days a week
and not turn off at all, then it might damage your computer.
Which is the reason why having a virtual privacy server
will allow you to simply have your robot running on that,
while you can turn off your computer
and do whatever the hell you want with your computer.
Now, there are many companies which provide you a VPS
but the one I have used in the past
and it's probably the cheapest I have found
is called ACCU web hosting.
(coughs) Yeah, I dunno what happened to my voice.
The second thing you will need is a brokerage account.
Now, you cannot directly trade into the Forex market
without having a brokerage account.
The brokerage account will simply trade behalf of you
when you have an account with them.
The one I use and it's probably the best one out there,
again, this is no financial advice
this is just the one I have used
is IC Market.
You can get the VPS and sign up to IC Market
using the link in the description
if you wanna get started as well.
So this is the ACC web hosting platform
where you're gonna get the VPS from now.
Under the VPS hosting toolbar
you will see there is something called Forex trading VPS.
Just click on that.
And as you can see, you can get a VPS for $12 a month.
Now this is really cheap
compared to many other providers out there.
As I said, they're not sponsoring this video
it's just something I'm using for this video.
You need to press order now
and then you need to just fill in this information
which as you can see right here.
For the host name
you can simply put in your name.
For the robot password you can put in, I guess
whatever password you wanna put in.
And for NS1 prefix and NS2 prefix
you can just put NA and that's pretty much it.
You do not touch any of these settings
and you press continue.
Now, the reason why it says $15 here
because it's 12 pounds per month
if you buy the yearly package.
But if you go for the monthly package, it is $15 a month.
Now I've bought two VPS
so I can run both robots on different servers
and the status won't be active once you buy it
because they will have to approve it
and then they will send you the details right here.
But once it's approved, you can simply click on the VPS
and then you have to go to additional information
and here you will see how to set it up
or how to connect to the VPs on a Windows,
on a Mac or Linux.
Now for this video
I'm gonna be using Mac to connect to the VPS server.
But if you're on Windows
you can simply watch this video right here.
And as you can see, it shows me the IP address
as well as the port and the password and the username
which I can use to log in
or get into that virtual private server.
Now, if you're on a Mac just like me
then the first thing you need to do is go on the app store
and download Microsoft remote desktop.
As you can see
I've already installed it.
The way it looks is just like this.
Once you open it, it will just say PC
and all your work on private service will show up here.
So if you wanna add your one
once you have received the information of the VPS
you simply need to press this plus button
which is add desktop and then add PC.
Right here where it says PC name
you need to put the IP address of the actual VPS.
As you can see the whole full address
including the last bay right here.
For the friendly name
you could name anything you want.
It doesn't really matter.
And then you will need to simply press on add.
Then you can connect it by clicking on it
and under username and password
you simply need to add this username and this password.
And this should allow you to access the VPS.
Now, once you're inside the virtual power server,
this is how it looks.
It will just say Windows server 2012
or whatever server or the version is.
The first thing you need to do is download MetaTrader 4
and you can do this by logging into your brokerage account.
In my case is IC Market.
It will allow me to download MetaTrader 4
directly from that.
The MetaTrader 4 is the application where
I will be putting my robot to start working
as well as where all the trades will open.
Now, once you're on the MT4 terminal
the first thing you need to do
after you're logged into your trading account
is go to file and log into the MQL5 community
which means you're gonna be able to access the robot
which you have bought
to be able to add it here
and it will start working for you.
So once you're logged in
and when you go under the market tab, which is right here
and go to the purchase section, you'll be able to see
that all the robots which you have bought
you'll be able to see right here.
So for example, in our case
is the Dark Venus and Idea Pro Gold.
And all you have to do is simply press open
and that will be added
into the Expert Advisor section right here
as you can see on the side.
and then you can see Market and Dark Venus right here.
I've opened the GBPUSD and the EUR/USD chart
and all I'm going to do is click on the Dark Venus robot
and simply drag and drop it onto the chart.
That's how you start a robot.
And then I can either check the settings.
In my case, I'm just gonna use the settings
which are set by the owner of this robot
and just press okay.
Now, as long as I see this
this guy right here has a smiley face,
I know it's working.
Now, the reason why I said about the smiley face,
because make sure you press on this auto trading button
before you actually drag and drop the robot.
Because I made a mistake
and for one whole day, it was on auto trading.
As you can see, I unclicked on auto trading
and this is gonna become a sad face.
Now, when I press on auto trading
it's gonna become a small face.
As you can see, it's now a smiley face.
I'm gonna do the same thing for the EUR/USD chart
and as you can see
it is gonna be working.
That now, that's it.
That's literally how you set up a robot.
Now I can close this private VPS
and it will continue working, even if I shut my laptop down
because the virtual server is not on my computer.
It's somewhere in America
where they have literally thousands
of other VPS going on at the moment.
So now we'll come back tomorrow
to see how these bots will perform.
I'm hoping the paid one does better than the free one
but it's gonna be really interesting to see how much I make
in 24 or maybe 48 hours.
(upbeat music)
All right. So it's day two of trading with the Forex robot
and while we are speaking,
it's just one hour left
until the 48 hours are finished
and then we'll see the results.
And lemme tell you something.
The robots are actually performing much better
than I expected.
Now, while we have one hour left
let me tell you guys few interesting
when I mean interesting, really good facts
about the Forex market.
Fact number one
the Forex market trades $6.6 trillion a day.
It is considered the largest financial market in the world
more common than stock market itself.
Fact two, the U.S. dollar is the most traded currency.
It holds 80% of all Forex trade.
Fact three, did you know that GBPUSD currency pair
is also known as the "cable" in FOREX.
The reason why the pair is called cable
is that before the time of satellites and fiber optics
the London and New York exchange were connected
by a giant steel that ran under the Atlantic.
Fact number four.
Another interesting fact about Forex
is the way traders are categorized.
Bulls are those who are optimistic
and believe the market will go up
and bears are the downbeat ones
expecting the market to fall.
The names came from the fact that a bull strikes upwards
and bears swipe downwards.
And the fifth and final fact is
that most institutions also trade using bots.
However, the difference between you
and the institutions using a bot
is that they place hundreds of trades in a day,
or maybe thousands of trades in a day.
And that will all add up to millions.
Whereas your bot or you can't take that risk.
Which is why you probably make few hundred
or even few pounds.
Now, I don't know if this is a myth, but some believe
that for every trade you place
your brokerage places a trade against you
in the hope of beating you.
All right. So it's time to see the results
of both Forex robots
because it's this exact time
when I turned the bots on two days ago,
which is 48 hours ago.
And so it's gonna be interesting.
And all this money I made here, I'm gonna be giving it away
or you probably have seen gift card codes
or Amazon codes throughout this video.
So if you already claimed it, well done
but if not,
there's still gonna be few left
which you can probably claim soon.
So let's go onto the first robot
which is actually a paid robot.
Let me just check if it's this one.
No, this is actually the free robot.
And as you can see
this robot right here has made us a total of
47 pounds in profit in two days.
Now, bear in mind, this is a complete free robot
which I go off as you're already seen
that I literally just bought it and installed it.
My balance started at 250 and currently is at 298.
Now I do have currently minus 13 pounds in trade
which are currently open.
However, if those trade close in positive
that means I will make more money.
Now let's move on to the paid one
and see if that has actually made more or not.
All right. So now what you see on the screen
is the paid robot.
I only use this robot on two charts only
and it's made a total of 85 pounds in just two days.
This is literally almost double
than what the free robot made,
even though the free robot ran on four charts
whereas this only ran on two charts.
This makes this robot a lot less riskier
in terms of the risk we were taking.
However, this robot is the one
which I paid money for as well.
But that being said, I bought the robot for 30 pounds
and the free robot made me 47 pounds.
So if I take the 30 pound out
from what the paid robot has made me,
I'll probably get to the same amount
as what the free robot made me on the paid one too.
So overall in total
we have made 85 plus 47, which is equals to 132 pounds.
Now all this money I've made
I'll be giving away in gift card codes.
And as I already mentioned
if you have been watching since the start
you have probably seen few gift card codes already.
So this is how I traded Forex robots
for 48 hours and made a total of 132 pounds.
Now, the only thing I'm gonna mention here is
that Forex robots are something which you cannot
rely on a hundred percent
because when the market goes volatile
you could lose that money as well
which you have put your money.
I put the money which I was ready to lose
so if you are gonna use a robot
just know that no one can predict the market
and you can lose everything you have put in there.
And I definitely wanted to become a millionaire overnight
but I don't think you can with Forex robot
because as I said, you could either lose everything
or you could make a good amount of money only.
Anyway, if you did enjoy this video don't forget to hit
that like button and subscribe
because I post these kind of videos every single week,
and turn the bell on
so you never miss one.
Also, if you did enjoy this video,
but you want to try out something
which is a lot more, less riskier
then you might wanna check out this video
which is my Amazon FBA guide
or a video on Amazon FBA, which you'll wanna check out.
And it tells you everything about Amazon FBA.
Why do Amazon FBA?
And if you wanna start Amazon FBA.
So I'll see you in that video.
(upbeat music)