27 September 2010 - Interview with ForexTradersOnline (Guest Post)

Hi guys! It's been a while since my last post, and I sincerely apologize for this hiatus. Nonetheless, I've gotten a fellow blogger, Frank Perret to contribute a post to jumpstart this old engine of mine :)

He's a HYIP blogger, just as I am, and is quite an eloquent voice on various topics in the HYIP industry. I am personally attracted to his many informative posts, and today he has agreed to submit an interview with ForexTradersOnline on my blog.

Here you go! Enjoy :)

Good evening ladies and gentlemen, prepare a hot coffee or chocolaté because this will be a long read ;-)

Do you remember the last HYIP review I published? I think it was about IncoForex which stood among the best HYIPs last winter. Now, let me present you forextradersonline.biz with a review but first, I would like to share an Interview I had with the admin :

• Let me put you in context :

Yesterday, the admin asked me if I could review his new HYIP on my blog. I visited the website but upon first glance, this HYIP didn't impress me. That's when I thought to myself: '' What does it take, Frank, for a HYIP to be a winner?’’

My answer:'' Frank, go talk to him and see if he is a dedicated HYIP admin. Set aside the poor design, copy/paste text , average hosting and under-par security. Just go for the man behind the project.''

So here I was today, skeptic as always, in front of my computer having a chat with the admin regarding his experiences, business and HYIPs in general. How can he make so much money ? Here is the best of our live dialogue which lasted a good hour. This guy is a representative in India for InstaForex.com and a Forex trader for 3 years now:

Most importantly, he didn't know that I was going to publish our chat prior to telling me all this information.

-Me : How was your performance when your started trading ( forex )?
Admin : Usually in my learning period I was trading with Demo accounts only and making regular losses. Then (I) started with a small capital of $1000 to trade and I lost all $1000
in a span of 2 months. It took me almost 1 year to perfect this and accept people’s money.
-Me : (People) like your family ?
Admin :Family, Friends ,Neighbours at first,then I gave advertisements regarding this in newspapers and television. I registered a company here in India and I'm the Managing Director for it now also. It's a Private Limited Company.
-Me : So now you have two businesses : your new online HYIP and your Private company, right ?
Admin: Yes, but the funds are managed in one account altogether. I don't have separate accounts for both of them.
-Me : So you recently started a HYIP online to expand your business potential?
Admin : I was working offline directly with investors who have individual accounts, which was getting tough for me to manage. So now i have the option to tell my investors to invest in it and get the returns as mentioned.
-Me: Don't you think 12% per week is high ?
Admin : I mean , yes, its on a higher side I know. I'm online for 18 days now...

NOTE : He sent one of his recent trading reports. Just click the link. I edited the username and account number : Click here to view Trading Report. He told me all his reports were available upon request. If his report is true, that's more than 170% profit in one day principal included. Let's finish with the Interview :

-Me: ' I'm just wondering why not offer a lower payout to give yourself some room to play'' ?
Admin: Since its a start and it's the hyip industry, I don't know whether investors will gather around in lower returns than this in a long term hyip. This industry seems to be losing hopes. (Because) it's not possible to generate high returns in short time and I don't want to play with public money. So i'm always on the safer side.
-Me : So can you tell me what could make your HYIP collapse?
Admin : Nothing can make my hyip collapse. Even if i dont get any investor for the next 1-2 years.
-Me: There are a lot of Forex traders online using InstaForex or any other tools, right? How can they all have a positive balance at the end of a month? I mean nobody loses in this industry?
Admin: It depends on the trading strategies there are many who lost also but with the strategies I have, I am always in a positive situation if you see in a longer period of time. Don't ever calculate forex profits in a short period of time. Today u may be the winner, tomorrow u may lose also and vice versa.
-Me: '' Yes I understand this . Can I ask you where you learned your strategie''?
Admin: I have some Mentors with me, some persons from India as well and my best mentor is from China, he lives in the U.S.A now.

Frank writes for ThePrivateHyipBlog, and it's quite an interesting, if not refreshing, read for those who are tired of reading reviews and interviews :) Check it out and leave some comments there!

That's all for today folks! See ya!

Disclaimer: This post is submitted by the guest poster, and does not in any way represent my views or opinion on the matter. This post is not, by any means, intended as an informative article, therefore, please apply the advices or views at your own risk.