Think about a mother being divorced with no income in hand? After living with helping hands suddenly your life falls apart when the happy family separates. Niharika, a mother of two from Delhi, divorced her husband for inconsistency in marriage, fights, and financial instability. She had to take care of her son where he as a father should have earned to keep the family healthy, however, his disturbing behaviour and ill-temper led Niharika to take a life-changing decision by divorcing him. She went through multiple problems but the most humongous was the financial crisis. Somehow, from her parent’s side, she got the help of keeping her son while she worked as a nurse at a nearby hospital. It is not easy to manage kids these days in financial crisis with all their education, medical bills, learning, and extracurricular activities. Her parents were getting old on the other hand her son was getting big each day she was thinking to find a job Work From Home.
One evening, after she came home, Niharika saw an ad on Facebook about working from home, which promised earnings of more than ₹77,000 a day. She was intrigued. She followed the link to find out more about the job. “There were a lot of positive user reviews about this ad, so I felt safe signing up. It wasn’t a get-rich-quick scheme by some fraudsters forcing into the trade in order to make a living. If they’d suggested selling products, I wouldn’t have signed up”, Niharika said. Working on the internet from home has become a major global trend, and the wave of popularity has reached India. Olymp Trade is a system that allows people to earn money by, for example, forecasting the growth or fall of currency exchange rates. All you need to do to gain access is to fill out a short online form. I was very nervous when I used the platform for the first time. I’m no computer expert, but there is a lot of free training for you when you create an account. I watched all the training videos and documentation to learn how to use the platform. I simply want to provide my son with a better lifestyle.
After a while of watching the videos and reading the tutorials in the platform, Niharika made more than ₹75,000 in total to her account. Niharika decided that she needed to keep the money a secret until she was ready to tell her parents about her leaving a stable job in their eyes. So she opened a bank account in secret. Her parents had no idea. She arranged it so that money from her card was redirected to this account every week.
This went on for years. She didn’t go near the money that was building up in the secret account. “It was hard for me to keep such a big thing secret from my parents. I felt guilty, but more than that, I was scared to tell them. Looking back on it, I think it was very silly to keep this secret.”
At the beginning of last year, I lost my father. When Niharika saw what a blow this was to her family, she decided that the time had come to tell her mother what she’d been doing every day. She went to the bank and withdrew the money from her secret account that had been building up. By that time, there was already more than ₹5.6 Crore. She took out her bank statement from her pocket and gave it to her mother who was already tensed about the future and how they will keep up. The statement showed her name, the sum of ₹56922630 and the official seal of the bank. Her mother was shocked at the same time relieved. Loosing to bread earners and emotional support left them vulnerable but now she had faith in God that they can live a decent life.
So what do you need to do to start earning money?
- First, open an account with a broker by clicking here (you’ll need to enter your name, email address, phone number, password, choose the account currency and tick to show your agreement; click Register).
Now for the interesting part! A strategy for making a profit!
Now that you have an account with a broker, you need a profitable strategy. Amrita shared the exact strategy she uses – she calls it the “up-down” strategy – it’s so simple, anyone can understand it and use it!
- First, you need to pick a currency pair: EUR / USD works well here.
- Get ready for your first trade: set a time of 1 minute and an amount of $1.
- Now start trading. You have to forecast whether the exchange rate will go UP or DOWN within a minute after you opened the trade.
With this strategy, you can make any forecast when you start. It doesn’t matter whether you choose UP or DOWN.
- Let’s say you pick UP.
- If in reality, the chart goes up, as you predicted, you’ll get $1.62 back in your account (instead of your initial one dollar!). Now you have to make your next trade, but this time you should choose the opposite value: DOWN (the amount and time don’t change; keep them at $1 and 1 minute).
- So let’s say the chart goes the other way and your trade isn’t successful. That means you need to raise the next trade to $3 and change the direction of the chart again (i.e. If your last choice was DOWN, now you have to choose UP);
- The chart once again doesn’t go the way you wanted, and you lose this trade too. This is nothing to worry about (remember, with this strategy you always make back your losses!). In order to recoup your losses and make a profit now, you have to increase the trade to $8 (don’t change the time of the trade). Then choose DOWN (as we chose UP the last time).
- Great! That time you chose the right direction and got $15.36 (you made up for your losses and earned more money!). Now go back to trading at $1 and start over again. This time you have to choose UP. That’s why it’s called the “up-down” strategy.
Always change the direction (UP, DOWN, UP, DOWN), regardless of whether your bet is successful or not. Your first trade should always be $1. If you lose, increase the amount to $3. If you lose again, change it to $8. If it happens again, raise it to $18 (personally, I’ve never had to do this despite the fact that I trade every day) As soon as a trade is successful, go back to the original amount of $1 and start over again.