Double Your Money Monthly! Seriously?

I learned a few new words this week. Forex, FABturbo, autotrading robot, online forex trading and pip. These are the words that I am going to be able to retire on. In a few months, there will be no more hubbing, no more blogging and social networking. Just sipping kool-aide in the Caribbean, watching the money coming in.

Well what is this all about? Forex is the nickname for foreign exchange trading market. I learned that the foreign exchange trading market is the largest market in the world. Basically, all of the money from all of the country is traded on the Forex. The basic is, every time someone goes to, or buys from another country, the money needs to be converted (or exchanged) between the two countries. This opens up a trading market for monies. This also applies when goods are traded from one country with another.

As anyone who visited any other country knows, the person exchanges the money at a buy rate. When the person goes home, the left-over money is traded back at a sell amount. The exchangers make the money by the diference between the sell and buy price. Of course, places like hotels always have a larger spread margin between the buy and sell, to make more money.

Well, the same works with the online forex trading. You can buy at one price, and sell at another. As the rate moves around, if you had bought at one rate, and the rates go up so that the sell price is higher than you purchased it, you would make a profit selling it. So, as the market varies throughout the day as it changes, based on the trend, the software will either buy or sell to make the money.

Just like stock markets, to participate, you have to go through a broker. However, this broker is actually the one you are buying and selling with. Of course, his price will follow the world value. The lower the margin the broker gives you, the better chance you have to make money with online forex trading.

The sweet thing about it is there are many automated software strategies that will do the online forex trading for you. Once you are signed up with a broker, and with the trading software installed and running, you can go to sleep, and the software will do the work for you. Check back with it every so often and watch it work.

There are several software packages out there and are classified as automated robot. or autobots for short. Easy-forex is one. FABturbo is another that I have found.

I am testing FABturbo as we speak. It has a demo mode to be able to learn how to use it. But it is pretty simple and will basically run itself. The owners provide good video training at their sites, so you can learn it pretty fast.

So the way I figure it is: If I can double my money every month, let me see:

• If I put in $5000 to start in January,
• that doubles to $10,000 in Feb.,
• $20,000 in March,
• $40,000 in April,
• $80,000 by May,
• $160,000 in June,
• $320,000 by July,
• $640,000 in August,
• $1,280,000 by Sept.,
• $2,560,000 - Oct.,
• $5,120,000 - Nov.,
• $10,240,000 by December?

I think I could live on that, even if Pres. Obama wants over half in taxes. I still can live on the three to four million that I will have left. And then there is next year. Could I hit a billion in 2010? Let me see:

• $20,480,000 in January
• $40,960,000 in Feb.
• $81,920,000 in March,
• $163,840,000 in March,
• $327,680,000 in April,
• $655,360,000 in May,
• $1.31 billion in June,
• $2.62 billion in July,
• $5.24 billion in August,
• $10.48 billion in Sept.
• $20.96 billion in Oct,
• $41.92 billion in Nov, and
• $83.84 billion in Dec.

Wow, over eighty billion dollars was made in 2 years! I wonder if this will get me on the front of Forbes magazine? Then I would have to worry about what color tie I would need to go with my new Armani suit. I might be able to call Bill Gates up and invite him over for brunch. Maybe we could play some Halo 3 together.

I think if I followed the math, within another year I could have more than one hundred trillion dollars. Wow, maybe I could start my own bail-out program! Pres. Obama may even ask me for a loan.

So, in a few months, it will be Adios Amigos to my fellow hubbers. I may comment every few months on some of your hubs, and ask why you guys are not on-line trading, too.

I will follow up and say bye to everyone afer I fire my boss. Tell the company where I work, "Good Luck", and split.

I am just trying to think what I will do with myself then. Summer in Alaska salmon fishing? Winter in Hawaii or the Caribbeans. Well, I think I will have plenty of time to figure this out. I could just live on a cruise ship for a few months out of the year.

Any of my hubbing friends have any ideas with what I could do to pass the time? I probably could even buy my own island or country. Start my own "Save The Universe Foundation."