Launch Partner:
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Service Offering:
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Foreign Exchange Broker
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Location:
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Financial hub of the Caribbean islands
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Target Launch Date:
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August 27, 2012
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Service Details:
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Forex Firm X are working toward launching
a new forex trading platform backed by unparalleled new predictive analysis
technology. They expect their new service will leave competing brokers
playing catch-up for years to come. Specific details of their service
offering are being closely guarded due to the highly competitive nature of
this industry. what is forex?
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Earning Potential:
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There are three ways your potential earnings can grow
during the prelaunch build-up with Forex Firm X... earnings
statement
1.
Managed Trading Account
Forex Firm X will
automatically create a forex trading account linked to your PLX account. This
account will begin with a balance of US$100. They will trade this linked
account in the forex market on your behalf. The trading decisions will be
made by their in-house staff of experienced forex traders in combination with
the predictive analysis technology they are developing.
2.
Sign-up Bonuses
Forex Firm X have
agreed to pay you a one-time sign-up bonus of US$100 for each
person in your first social circle and US$20 for each person in your
remaining unlocked social circles (2-10). Payment of sign-up bonuses requires
that the people in your launch group create forex trading accounts with Forex
Firm X after their official launch.
4.
Monthly Commissions
Forex Firm X have
agreed to pay you a recurring monthly commission of US$10 per month for every PLX
user in your unlocked social circles who creates a forex trading account and
maintains an active trading balance with Forex Firm X after their official
launch.
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Background:
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What is Forex? Forex (also called foreign
exchange, FX or currency trading) is the largest financial market in the
world. This market enables the exchange or “trade” of foreign currencies. For
example, a company in the U.S. may need to pay a company in Europe, thereby
creating a need to exchange U.S. Dollars into Euros.
Who uses Forex? Companies and individuals around
the world may engage in forex trading for various reasons. Individual traders
most commonly trade forex as a speculative investment. The “exchange rates”
from one currency to another are always fluctuating. This creates an
opportunity for individual traders to profit from these movements.
How does it work? As an example, if you expected that
the Euro would gain value against the U.S. Dollar, you may buy
Euros in exchange for U.S. Dollars. To do this you would place a buy order on the EUR/USD currency pair.
Then, if the exchange rate moved as you expected, you could then close your
transaction, which would exchange the Euros you purchased back into U.S.
Dollars at the new higher exchange rate. In this case, you would earn a net
profit. This type of transaction is called “going long”.
Another example: You can also profit if you expect a
currency tolose value against another currency, this is
called “going short”. In this example, you expect that the value of the Euro
will fall against the Japanese Yen. So, you place a sell order on the EUR/JPY currency pair.
If the value of the Euro drops as you expect, you could then close your
transaction. This would buy back the Euros you sold using the Yen you were
holding at the new exchange rate, effectively netting you a profit on the fall of the Euro.
If you want to learn more about how forex trading works, we
suggest starting here... Wikipedia article: Foreign exchange market
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Questions:
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Here are a couple of questions and answers to help you better
understand our launch agreement with Forex Firm X...
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Can I withdraw money from the managed forex trading
account?
Not yet. The forex
account is owned and managed by Forex Firm X until their official launch. The
managed forex account is linked to your PLX account with a unique anonymous
identifier. When Forex Firm X officially launches, we will provide a special
link for you to create a new forex trading account with Forex Firm X. When
you do, Forex Firm X will transfer the money in the managed account to your
new forex trading account.
·
Do I need to report the earnings in the managed forex
account to my tax authorities (local or national government, etc.)?
We believe that in
practically all cases the answer to this question will be “no”. However, to
be sure, you may want to check the regulations of the tax authorities having
jurisdiction where you live.
We expect you will
not owe taxes on the managed forex account because it is not owned by you
yet. It is simply linked to your PLX account until Forex Firm X officially
launches, and until you actually create a forex trading account with them. At
that time, and provided that both of those conditions happen, the balance
will be transferred to your new forex trading account.
Once the balance
is transferred to a forex trading account owned by you, you will almost
certainly owe taxes on your earnings according to the tax regulations where
you live.
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Tuesday, July 3, 2012
START YOUR RETIREMENT FUND HERE
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