The Cash Diaries

My experiments in passive income, trading and life

eToro is holding a massive Brexit promotion

eToro copytrading tipsAre you ready to trade the largest market event in a decade?  The brexit event is just about to happen, and whether Britain stays or leaves, it is going to have massive implications on the markets.   This means there is a chance to make a lot of $$$ as the market moves.

Forex traders make the most profits when there is a lot of volatility on the market.  Which is why almost every trader I know is getting pumped up for this.

eToro also knows this, and thats why they are offering this massive promotion.  You can find out more here

45% Deposit Bonus on eToro

Here is how to get your 45% deposit bonus:

  1. Grab a new account here
  2. Make a deposit
  3. On the cashier page, enter the code: june16

How to Trade the Brexit on eToro

What i recommend is letting a guru do your trading.  If you’re new to forex and try trading this massive event on your own, you’re gonna find it hard.   On etoro you can automatically copy the trades of professional guru traders.  And that’s what I’m going to do.  Although there is going to be movement in all markets, look for traders who are experienced in trading the GBP pairs.

Get motivated and inspired to make money with this video

I just finished watching this little documentary called Rich Kids go Shopping.  On the face of it, it sounds really shallow.  But the reality is, that each of the young 20 somethings that it follows are self made.  Further more, one of the “rich kids” is a forex trader.  So it was really fun to see that others are having success with forex trading as well.

So if you’re in need of a little inspiration then give this a watch.  I have days where nothing is working – traffic is down, I’m not making much on etoro and things are just shitty.  It’s times like these where I just take a step back from work, give myself an hour or so to watch a video like this, and by the end of it i’m pumped up and ready to get working again.

Let me know what you think of the video in the comments

Why you shouldn’t trade binary options

binary options“Trade” is being a bit generous.  In reality you are just gambling.

Can you make money from binary options?  Well you can in the same sense you might be able to make money in a casino.  But it’s definitely not a good long term strategy and in the end the house is going to win.

It’s sad to see the recent trend in sites promoting binary options as some kind of “investment”, lending credibility to what I believe are outright scams. Continue reading

Switch to HTTPS/SSL improve search engine rankings

SSL LockGoogle recently announced that they were using https/ssl as a signal for rankings.  Meaning, sites that used HTTPS/SSL would improve in the rankings.    Now at the moment, there is no need to panic if you don’t have ssl enabled.  It’s only being used as a very small signal.  You probably won’t even notice a difference.  But google has definitely made clear it’s intention and will place more importance on secure sites in the future.

Continue reading

Is eToro a scam?

Another really common question I get is whether or not eToro is a scam.  I’ve had years of experience copytrading with a real money account, so I thought I would share my experiences to help you get a better idea of the platform.

First off, there is no doubt that etoro is a reputable broker.  I don’t want the post to be about that.  They are fully regulated and i haven’t heard any complaints from people regarding payouts.  What I want this post to be about is whether or not their platform is a legitimate method of making money.

First let me explain how eToro works…. Continue reading

Which Traders should you copy on eToro?

eToro copytrading tipsThis is probably the most common question I get – who should I copy?

I’d love to give a definitive answer, and in the past I’ve posted on a regular basis about who to copy, but it changes very often.

On eToro, I’ve been quite successful.  I think that’s down to being quite picky with who I choose to copy and being brutal when it comes to stop copying people.

If you’d like to get access to the traders I am currently copying and the traders I will be copying in the future, then you have to subscribe to my weekly copy trading newsletter.  Each week I share with you why i’ve picked these traders.

You can join the newsletter here

The Two Best Forex Affiliate Programs and how I made $2k last month

Forex Affiliate ProgramsForex affiliate marketing generates the bulk of my income each month.  So I thought i would share with you how I’ve been successful with forex programs and how you can do the same.

How I promote forex sites

I don’t make anything from this blog (yet), but I have built a couple of authority websites that teach people the basics of forex.  These sites generate around $2k of revenue each month.  They around 2 years to get to that figure, but I started seeing my first conversions around 3 months after building the first site.  Each site contains lots of high quality articles, which link to the affiliate programs.

My main strategy is simply answering questions people are searching for like “is plus500 a trusted broker” etc.  I offer honest, detailed advice.

What I look for in a Forex Affiliate Program

Trustworthy

The first and probably the most important thing to look for is not the amount you will make per sale (CPA), but whether or not the program is trustworthy.  In the past I’ve joined an affiliate program, promoted it, only to find out they don’t pay out on time, or not at all!!

Commission Type

Next I want to make sure the program offers a commission plan that suits me.  I prefer a CPA plan.  Which means you get paid a lump sum upfront whenever you refer a new trader that makes a first deposit.  Other affiliates prefer a percentage program where you get paid a % of all deposits a trader makes.    The best programs give you a choice and lets you choose your plan.  This way you can switch if need be.

Commission Amount

Obviously you’re not going to want to promote a program that will pay you $10 for each trader you refer.  This just isn’t enough.  It should be more than $100.  This will make it worthwhile for you, especially if you are paying for traffic.

Popularity

Finally I like to make sure the forex broker I am promoting is actually popular.  Here’s my secret tip… if a broker is popular, people are already going to be searching for it.  So all you need to do is rank for some of the less competitive keywords, and because the broker is so popular, you will still get a decent trickle of profitable traffic.  But if you were to promote a new broker, with hardly any competition, the problem is no one is searching for information about that broker.

Which Forex Programs do I recommend?

On my authority sites I currently focus on two different affiliate programs.  If you are just starting out, I would recommend using just one.  I find it can be distracting to try and work with different forex affiliate programs.  So here are the two I use….

Plus500

Plus500 are very popular thanks to their $30 free deposit bonus offer.    They get lots of registrations and are used by some quite high profile traders.  This means there is a lot going for this broker and will make it easier for you to promote them.

Xtrade

A more recent addition to my lineup, but just as profitable, xtrade is a super popular broker that advertises heavily.  This means there are lots of people searching for information about them.   And it means you will have lots of post ideas to promote them.

My Acorns Investment Update for May

Acorns LogoSo I’ve been tracking how my tiny investment with the micro-investment app acorns has been performing.  I love the idea of micro-investing – I think it’s the future.  So I’m really excited to track how it goes on here.

To bring you up to speed, Acorns is a mobile app witch automatically rounds up your spare change from purchases and transfers it into an investment account.

How I went in May:

Starting Balance: $136.30
May Deposits: $87.88
Current Balance: $229.22

May Income: $5.05
Total Income: $7.07

Summing Up…

So it’s continued to grow.  With an investment like this, its entirely possible to see negative numbers so early on.  But that’s not the case.   Sure the income is tiny at the moment, but i’ve only deposited a bit over $200.

My goal last month was to have at least $100 of deposits.  With Acorns you can transfer additional money across at any time.  And I didn’t quite transfer enough to hit my goal.  I’ll try to hit that same target this coming month.

Do you use Acorns?  How is it performing for you?  Let me know in the comments.

June eToro Deposit Bonus

etoro deposit bonuseToro is offering a bonus for June.  These offers don’t come around very often, so I always recommend my readers to take advantage of them while they can.

For those who don’t know, etoro is the trading platform I use.  They have a unique copy trader feature that lets you automatically copy the trades of guru traders.  This means that even if you’re a new investor, you can get started trading.

How to get your 40% deposit bonus

  1.  Register an etoro account here.  It’s painless trust me.
  2. Enter the exclusive coupon: june16 on the cashier page

I’m not entirely sure when this offer ends, but my guess is the end of June.  Remember the Brexit is coming up soon.  And no matter what happens, there will be a lot of movement in the markets and plenty of money to be made.  So if you’ve thought about getting started trading, now may be the perfect time.

 

How are you going to trade the Brexit?

Whatever happens, the Brexit event or non event is going to have huge trading implications.  There is going to be lots of movement in various markets.  So now is the perfect time to think about how you’re gonna trade the event.  Now I’m not a trading a expert and there is no way I’m going to be able to give you any trading advice.  But the good guys at eToro got together with renowned economist Raoul Ruparel and hosted this webinar.  If you’re interested in forex or stocks, then please, please watch this, it will offer some great advice:

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