As a beginner or a new Forex trader, it’s easy to be overwhelmed with all of the different ways to make money. The purpose of this post and video is to help clarify which options are more likely to be profitable for you.
I’ve used a tier list to compile my thoughts and let you understand which ways I believe are most viable.
I hope you enjoy the video:
Make Money in Forex (Tier List)
Hey guys, in this video today, I’m going to be looking at all the ways to make money in Forex and ranking them from the best, all the way to the worst.
I’ve tested every single way to make money in Forex cause I’ve been in this market for 13 years. So I’ll let you know where you should be spending your money, where you should be spending your time and how you could be making money with Forex.
All right. So if you’ve never watched a tier list video, this is a tier list right here. The S is the best and the F is the worst. I’m going to go through a bunch of different Forex products and services and let you know where I rank them based on profitability. And this’ll help you decide where you should be spending your time and money.
Forex Courses (C Tier)
So let’s start this where beginners generally start with Forex, which is with the Forex course. Obviously when you’re first starting out in Forex, you have to learn the basics somehow. Some people will use a free course like baby tips. But what I’m talking about right now is the paid courses. And are they good? Are they worth your money? Depending on where you price them, some are around a thousand dollars, probably not worth your money.
But around $200, $300, if you don’t know anything about Forex, it’s a pretty good place to start. So I’ll put this at C.
One on One Coaching
Next on the list is one-on-one coaching. While I love One-on-one coaching. This is really expensive. So I can’t put it in the S or the A tier, but I will put it in the B tier. If you have the money to get one-on-one coaching, I definitely recommend it. I still get coached to this day, even though I’ve been trading for 13 years, because I want to stay sharp so that I can keep providing the best quality analysis for you in the Forex robot nation signal groups.
And since I just brought up signals, I might as well rank signals. And right now I would rank Forex signals in the, A tier that is really close to the S tier. And honestly, I would love to put them in the S tier, but there are just way too many Forex signal scammers promising 1000 to 2000 pips on a weekly basis and not even making a hundred pips.
Next, we have technical analysis. This is looking at the charts, trying to see if you can predict price action just by using your own two balls and the knowledge in your head and maybe some guts. And honestly, I put this in the S tier, even though I’m a big robot guy, nothing feels better than looking at the charts, putting some support and resistance and hitting a big winner.
And since I brought up robots, we have to put them right in the S tier where they belong right next to the technical analysis. A lot of people would disagree, but they haven’t made millions of dollars from Forex robots like I have. If you know how to monitor the charts, you can easily watch a robot and make sure that it’s performing the way that it should. Robots S tier.
After Forex robots, we really have to go all the way down to Forex indicators. And I’m not talking about free Forex indicators. They’re fine. I’m talking about paid Forex indicators. And I put them right in the F tier, I have a big issue with paid Forex indicators. They just don’t perform. I’ve tried 30 of these over the years. I’ve tried Rita Lasker, Carl Dittman, the PIP breaker, and none of these works. So Forex indicators, sorry, guys, F tier.
After indicators, we have fundamental analysis. Now on its own trading the news, probably not so good. Put it in the D tier. If you’re combining fundamental analysis with technical analysis or Forex robots or Forex signals, then it’s awesome. But on its own, I have to put it in the D tier.
Subscribing and Liking!
After fundamental analysis, we have subscribing to the YouTube channel and liking the video. This is obviously S tier. And if you subscribe and like, you are automatically entered in a draw where you could win a free copy of Forex fury or free access to my VIP signals.
Okay, now back to the video, next we have managed accounts. A managed account is where an expert trader will trade your deposit and take a percentage of the profits in return. This sounds great, but I’ve found it’s very difficult to find good managed accounts. And I find it hard to sign up with managed accounts because there are so many shady ones out there. So I have to put this in the D tier. Obviously, if good managed accounts ever come available, I’m always testing. And I will let you know if this moves out of the D tier if we can actually make some money with managed accounts.
Selling Forex Products
Last but not least is selling Forex products. And that belongs in the S tier. And while that’s controversial to say, it’s quite obvious that there’s a lot of people selling Forex products and making a lot of money from that. Whether it’s through signals or robots or courses, some people are making millions of dollars a year.
Now, before I started selling products, I was trading Forex and I was doing quite well. But as soon as I started selling products, I did much better because I had more money to spend, more money to risk. I could take more chances. And also when I’m selling my products, I actually can listen to the clients and make those products better. And then the products that I’m selling get better and I’m using the product. So I’m making more money by selling and by using. And so while some think it’s skeezy, honestly, it’s one of the best ways to make money in Forex.
Today, I showed you 10 different ways to make money in the Forex market. And I ranked them from S being the best to F being the worst. And at the end of the day in the S tier, we had Forex robots, my favorite, technical analysis, and selling Forex products.
When we went into the A tier, we had Forex signals. Now I think Forex signals should probably be in the S tier, but there’s just so many, Forex signal scammers right now. I have to leave it at A, because you never know if you’re getting good signals or terrible signals from someone in their mom’s basement.
If we move on to B, we had one-on-one coaching, which is fantastic, but it’s a bit expensive. In the C tier, we ended up with Forex courses, which I think can be great, but for the most part, you can actually do free courses like baby pips instead, and end up in the same sort of spot. And in the D tier, we ended up with fundamental analysis while I think it’s a good part of an overall strategy. I don’t think you should rely on fundamental analysis on its own. Also, indeed, we had managed accounts. For some reason over the last 13 years, I have not been able to find a profitable managed account. If you know of one, let me know in the comments, I’ll try it out and let everyone know how it goes.
And finally, in the F tier, we have Forex indicators and while Forex indicators can be good, the free ones are pretty good. The paid ones that provide signals just always seem to sh*t the bed. Now, if you have anything you want to add to this video, please comment down below, like the video, subscribe. And, you know, if you like, subscribe and comment, you are automatically entered into a free raffle where you can get multiple copies of Forex fury, my signals, and a bunch of other ways to make money in Forex. So thank you for watching this video today, and please smash the like button come back. I love you guys. Forex robot nation. I’m out.