Interview from a former "Forex analyst"
Today you will learn how it works from the inside in the first person, then from the words of a scam analyst.
Tell us how you got into this field?
About three years ago, when my wife just got pregnant, the job of an Internet installer stopped looking profitable for me and I decided to change my profession.
I came across the vacancy "financial services Manager", where they offered a good basic salary and a very good percentage for closed transactions, taking into account the fact that they took people without experience and taught everything themselves.
Since I was a child, my language was very well developed, so it was not difficult to find a common language with clients and help them master personal accounts on the platform. I will immediately make a reservation that I did not work for a black fraudulent company. Or rather, not quite black.
What did you do, please tell us in more detail?
Like everyone else, there was fraud with quotes, deliberately false signals from analysts, etc., but no one forced people to take loans for fictitious commissions, if the player wanted to withdraw funds, after two attempts to dissuade them, the money was withdrawn. The customer base is provided to you, you only had to call around and make "processing".
A year later, I found myself in The retention Manager's chair, or in other words, "Personal analyst". What was my surprise when, instead of learning stock market analysis and its methods, I was taught social engineering and methods of influencing people, who, to my great surprise, worked very successfully.
Since in my company the player played directly against the company itself, my role was to attract and retain the client's money from the broker, which led to the inevitable drain of the Deposit.
How much was your estimated monthly income?
I started with a bid of $ 500 + $ 50 po for the attracted client. At the peak, the average income was about$ 4 - $ 5K per month, which is very, VERY much by the standards of my medieval country. Worked in Kiev
My po was affected by several factors
1. Bid (about $900)
2. Percentage of customer transaction turnover
3. Percentage of deposit on the platform
The stock market is a total fuck-up?
Obviously Yes. Since the vast majority use the services of brokers, they will always earn, and players will always be in the red. The percentage of money returned to the player on the exchange is ten times lower than even in the most run-down casino. Salaries consist of traders ' money, and the best way to merge your money is to trust an analyst.
Why is an AIS (brokerage account) so actively advertised?)
Because if you compare a Forex trader and a drug addict, the second one is REALLY more likely to get out of his habit than a trader to stop shoving money into the pockets of brokers.
I know people who have drained two dozen not very small deposits, in the hope of this "last time", well, CERTAINLY beat off the minus and go into the plus. In addition, in many banks, interest on deposits only covers inflation and there is no earnings there, and people have begun to understand this and are looking for other methods of additional earnings.
Someone still earns money on this, or is it fantastic?
For example, 90% of those who earn money do not use the services of brokers, but trade 1:1 and really rummage. You can either earn crumbs by scalping for days on conditional GBP / USD ($1000-3000). Or by investing hundreds of thousands of dollars in assets other than currencies. At the same time, you need to know the market very well. All those who are between the first and second are so-called sheep, which are sheared by bulls and bears.
Minimum and maximum amount used by the client?
The minimum amount is $ 50, I only had one of them and he drained his Deposit in 40 minutes without waiting for my call. The biggest one was a Moscow businessman who held a portfolio worth $ 130K, successfully traded for six months, I went on vacation, he didn't wait for me and leaked 120 of them.
Has anyone regularly withdrawn money from the broker?
Of course, there are such people, if they take a little-then they work as advertising for the broker because they start squeaking at every corner that this is the best broker.
If a Greyhound starts, they put elk on it, rig quotes, include currency swaps, etc. and these are legal brokers. Black either stupidly ban the client or start to tear up money for non-existent commissions. I heard a story about how people took money for the Church tax in Germany and other game.
How do I apply for your position?
Find a sales Manager position where you don't know what the hell they're selling, 90% of such vacancies are gray - black brokers. Well, either look for a job in BCS/Alpari. approximately six months to sit as a sales Manager and get a promotion. If you live in Moscow time\St. Petersburg\Kiev\Minsk-these offices are a dime a dozen. If you're farther away, there are probably up to ten offices in your city.