Many Forex traders know they can make a decent profit, but most don’t have enough capital to start their own trading business. The 10X FX Profit™ framework is perfect for those who want to make more money without risking too much of their capital. It’s the easiest way to earn a decent income with forex trading if you don’t have enough money, but you know how to trade profitably.
The 10X FX Profit™ framework is a simple yet powerful system that will allow you to manage multiple accounts of your friends, clients, or family members, earn money for them on autopilot and take a 20% share of the profits as your fee. This way, you’ll not only be able to increase your income by ten times or more but also help others realize their financial dreams at the same time!
Before we get started, here’s my story quickly, so you know how I got to where I am today.
I started coding back when I was twelve and had been playing around with computers ever since.
Here’s a picture of me learning to code on an ancient Russian computer from another age:
|Learning how to code on an ancient Russian computer in my teens|
It wasn’t until 2008 that I discovered forex trading and, as soon as I did, I was sure I’d be a millionaire in no time at all! We’ve all been there, right?
Of course, it didn’t turn out that way. I had to go through those beginner teething problems where everything seems to go wrong no matter what you do.
You go long on a currency pair, and the price starts to go down, so you go short on it instead, but the price immediately rises. It still makes me laugh to look back on those days and remember all the noob mistakes I made. But definitely, what I learned quickly is that you don’t become a millionaire just because you’ve discovered forex trading.
When I came across MetaTrader 4 in 2009, I discovered I could pretty quickly put my coding skills to make hundreds of EAs and indicators for myself and my clients.
Around that time, I managed to craft a profitable trading strategy that I called Daily-F and even doubled my demo account in just nine months. Because it was just a demo account, I didn’t make any money for myself, but I was making a lot of money for other people – and, yeah, I got a share of that too.
Here’s one example where I managed to make $71,000 of profit for a client!
|An example of a healthy profit margin I made for a client|
So even though my demo account was making zero real dollars, I was getting a 20% share of the profits from this client, which works out as $14,000.
At the same time, I was also trading for lots of smaller accounts and making hundreds of dollars a month from that because, at one point, more than a hundred people were shadowing my trades.
I’ve told this whole story in my book, so if you’re interested in reading about that, head over to Amazon and search for “How to Start Your Own Forex Signal Service“.
|Check out my book on Amazon|
10 FX Profits™ Framework
How can you make 10X profits trading forex without increasing your risk?
How can you make a profit just by trading your demo account?
I want to start by sharing this epic quote by Zig Ziglar because it sums up the core concept of this approach. He once said:
“You can get everything you want in life if you will just help enough other people get what they want”
The point is that if you can help other people, you will reap the rewards. To me, that’s a compelling message. I genuinely believe that you’ll get far in forex trading or anything else you do if you can understand that. What’s more, it hits close to the whole idea behind my 10 FX Profits™ Framework.
The 10 FX Profits™ Framework is all about growing trading accounts for other people, not just for yourself.
The math behind the 10 FX Profits™ Framework isn’t that hard to understand. Let me take you through it real quick so you can get an idea of the basics.
Let’s say you’ve worked out a profitable trading strategy on your demo forex account. There are lots of traders out there who are at that stage. You’ve been honing your system, and you’ve got your indicators and timeframes worked out, and your demo account is reliably profitable. But what next?
Most traders get stuck there, and even if they start trading a real account with some of their own money, they never get beyond making a few bucks from month to month.
So how can you turn this small profit into a serious monthly income?
Well, let’s say you upgrade your demo account and start trading a $1,000 account. And say you can regularly grow your account by 10%. By the way, it’s worth taking a minute here to point out that 10% is a great result! If you’re growing your account by 10% a month, you can double it in a year! Especially if you can do it regularly.
Even so, 10% of your $1,000 account is just a hundred bucks. It’s not bad, but it leaves you with a long way to go before it becomes a high income from your trading. Soon enough, you’re going to be asking yourself if all the time, skill, and effort you put into really crafting your trading strategy is worth it. Is spending hours or days finding and testing that new indicator the best use of your time if your profit at the end of the month is just $100?
Most traders on this journey stop there and find something else to do – they go back to their day jobs. But there is another way.
If you start managing other accounts using your tried and tested 10% approach, you could quickly be making some serious money.
For example, if you manage 10 accounts, all worth $5,000 on average, you’ve suddenly got a $50,000 fund to work with. Suddenly, your 10% is a $5,000 profit at the end of the month. If your share of that is 20%, you have an income of $1,000. It doesn’t matter if you’re managing 5 accounts, each worth $10,000 or 50 accounts that are each worth $2,000, you can make money for all of them, and you’ll get paid a performance fee in return.
And the beauty of it is that you’re not doing anything different than when your income was just $100.
You’ve multiplied your original profit by 10 times! And that’s not the limit. There is no limit. You can increase your profit by 10X or 100X.
You don’t need to learn new trading skills or develop a whole new trading strategy. You can use all of the knowledge you’ve already learned but apply it in a new way, and there’s no limit to how high you can take your profits.
Pros and Cons
I’m not a lawyer, but I think I should mention one of the cons of this approach.
In some countries, you may need to have a license to manage other people’s money. You can start by trading for close family members like brothers and sisters or even your parents, and I don’t think you need a license to do that. But, as I said, this isn’t legal advice, so you’re going to have to check out the situation in your country or jurisdiction for yourself. I want to be 100% open with you about one of the potential hurdles in your way.
If it happens so that managing other people’s money in your country is not legal or it is a “gray zone”, then you’ll love the Forex Income Multiplier™ Framework, which helps you make tons of money from that same 10% monthly growth.
FX Account Cloning™
I can hear the voices of hundreds of traders out there asking, “but how can you trade Forex on more than one MetaTrader account running on the same computer?”
And it’s a good question. The fact is, if you’ve tried to do this manually, you already know it’s impossible. The moment you start entering a trade on one account, you’re already running late to click over to another account and open the same trade there. You’re already losing money on that other account by being that little bit late.
If you want to run multiple trades on more than just two accounts and you want to calculate position sizes for all of the trades individually because each account is of a different size… Well, there’s just no way to do it. It takes too long to do, even on a couple of accounts, and the price difference that opens up will eat into your profits with every trade.
If this is your approach to managing multiple accounts, stop right away. You are wasting your own time and your clients’ time.
The good news is there’s another way. A much better way! I call it the FX Account Cloning™ setup.
You can simply trade your master account and mirror your trades across five, ten, twenty, or more client accounts without clicking on the tens of Buy or Sell buttons and calculating multiple position sizes under pressure.
So in the following diagram, you can see how it works. The master account is in the middle. It’s the main account from which you are trading, and it controls the whole network. Around that Master account are Client accounts that mirror your trades and that you can set up with their position sizes in advance.
So just in case you’re still not seeing the benefits of this setup, it allows you to clone your forex profits to many other accounts automatically. It does it almost instantly, and it doesn’t even take that long to set up! So now, the profits you make from your master account can be multiplied to many other client accounts.
Step 1 – Install MetaTrader Platforms
None of the steps to making this happen for you are that complicated. You don’t have to be a tech wizard to make them work. All you have to do for the first step is install multiple MetaTrader platforms on your computer.
In this step, the main thing to remember is to choose a separate folder for each MetaTrader you install.
Lots of people miss out on this crucial part of the process, so it’s worth highlighting. You’re going to want to keep track of which folder corresponds to which account. That’s why I recommend you come up with a system for naming the folders, so you easily see which account goes where. It doesn’t matter what the names are. The main thing is that you don’t get confused about the accounts later on in the process.
The incredible thing about this approach is that you can almost run as many accounts as you like. A typical desktop computer will easily be able to run four or five MetaTrader platforms. If you need to run more, you’ll need a more powerful computer or a Virtual Private Server (VPS) to run ten or twenty accounts simultaneously. The best setups will be able to handle even more than that if you need them to. That will give you the ability to seriously scale your trading activities and place trades on many different client accounts, all from the same master account.
Of course, you can only log in to each MetaTrader platform with one set of login details, but that isn’t a problem because the whole point is to run multiple accounts mirroring the trades you make on your master account.
Step 2 – Connect MetaTrader Platforms
So, you’ve now made it to the stage where your setup has multiple MetaTrader platforms installed and can run together simultaneously. But how do you link them together?
That is the most critical step on your journey to scaling your trading profits. You can link your accounts using the Local Trade Copier™ software I’ve developed just for this purpose. I originally developed it more than ten years ago. In that time, this software has allowed hundreds of traders to multiply their profits by connecting client accounts to their master account.
|Local Trade Copier Software – Mirror your trades across multiple accounts|
A trial version of my trade copier software is available to try it out and experience for yourself the power of cloning your trades and account activity across multiple MetaTrader platforms. Installing and setting up the Local Trade Copier™ software takes just minutes, and you’ll be ready to start linking your accounts together to boost your trading profits.
The Local Trade Copier™ software works equally well with MT4 and MT5, and you can use it to trade forex or any other asset class, whether it’s CFDs, cryptocurrencies, stocks, or precious metals.
Step 3 – Grow Your Account
Now that you know you can reliably run multiple MetaTrader accounts from your setup, what’s the next step?
That’s easy. The next step is to grow your profit from your initial account to make sure you’re increasing the income you earn through trading. In short, grow your accounts as you usually do, and this will boost your potential.
How you do this is mainly up to you, but the best approach is to manage as many accounts as you can, mirroring your original master account. One way to do this is to start by trading client accounts for friends and family and agree with them that you can take a share of the profits. Once you become comfortable with your ability to trade reliably and manage multiple accounts, you can start approaching prop firms to begin trading for them.
They will put you through a rigorous evaluation process to see if you can demonstrate your skills and show that you can grow a trading account time and time again. If you pass an evaluation at a prop firm, you will start getting funded to trade their account. If you can do this, they will give you a share of the profits.
Of course, they won’t immediately give you hundreds of thousands of dollars to trade with, but you have to start somewhere. As time passes and you show that your trading is reliable, they will promote you to larger and larger funds.
If you combine multiple prop firm accounts, you can quickly scale your profits across many different accounts and start earning some high income from your trading.
|Enhance Your Trading Potential by Running Multiple Accounts|
Combining multiple accounts and managing them from your Master account is what the 10X FX Profit™ framework is all about!
The Local Trade Copier™ software will make sure your trades are mirrored identically across all of the accounts you manage so every successful trade on your master account is a win on every other account too.
Step 4 – Take Your Share
Every prop firm you work with and every account you manage for friends and family will be of different sizes. Also, your share of the profits will be different from client account to client account. It will depend on what you’ve agreed with each of your clients. Now, some prop firms give you a large share of the profits you make for them. I’ve heard some that offer as much as 90%, but 60-80% would be more usual. Even if your share is only 20%, you can still make a solid income by trading your friends, family, or client’s accounts.
The Well-Trodden Path to Success
I’m incredibly proud to say that I’ve had a lot of clients using this method to attain trading success! Hundreds of people have shared their success stories with me personally and on social media. That goes to show how well it can work for you too.
|The path to success has been well-trodden by others. Isn’t it about time you took your turn?|
One of our clients, Kris Mills, wrote to me to share his success story. He applied first to FTMO – a very well-known prop firm – and passed both stages of their evaluation process. The first stage was to prove he could earn a $10,000 profit with a $100,000 account, and the second stage was to make a $5,000 profit using the same account size. When he passed both evaluation stages, he got funded by FTMO, and they became one of the many clients he manages using the Local Trade Copier™ software.
Besides Kris, we’ve had a lot of great reviews on TrustPilot and Forex Peace Army, so head over there now to see how others rate this method of leveraging your existing skills to manage multiple accounts and scale your trading profits with no limits!
If all these people have managed to make the 10X FX Profit™ framework work for them, you can do it too. It isn’t rocket science, and there’s nothing to be worried about, all you have to do is follow the simple steps I’ve outlined for you in this article, and you too can begin taking your forex trading to the next level.