Website – https://www.algotrades.net/
Automated Trading Systems claims to help you invest your money the right way. In this review, we would discuss if this is the right way to make money online and if you can trust this website.
Nobody is satisfied just from his/her salary. With a regular source of income, every person requires a secondary and a passive source of income too.
However, to create a secondary or passive source of income, individuals require special skills or knowledge that set them apart. With that being said, investments are the best ways to create a passive income.
However, it requires a sound knowledge of the market forces and an understanding of the economy. AlgoTrades is the solution to any such problems. It is a smart automated trading system that will make your money, work for you.
But with so many such similar systems around you, it is important that you learn to invest your time and energy on the right system that would actually help you make a consistent income online.
Does Automated Trading Systems help you with that? Let’s find out!
What Is AlgoTrades?
AlgoTrades is a smart online automated trading tool, that makes your money work for you. It basically replaces your investment advisor and instead invests your money, in such a way, that you get the maximum return on it.
You just allow AlgoTrades to invest and manage your portfolio. AlgoTrades then gives you the most out of your investments.
You no longer have to worry about diversifying your portfolio, or minimizing your risk. AlgoTrades does all this for you, and also gives you the maximum return.
It constantly changes your portfolio depending on the market situation, so as to minimize the risk and maximize the return. Stocks, Shares, and ETFs are some of the most common securities that AlgoTrades invests your money in.
How Does It Work?
To get started and earn money passively on AlgoTrades, you are first required to sign up on the website. This is a simple process and you only require your Email address and a password.
After this, you are shown some videos explaining how the platform works, and also how trading and market in general functions.
After you are familiar with the website, you are then required to make a purchase of one of its subscriptions. AlgoTrades is not free, and require you to subscribe to start using the service. There are four different packages (based on the length) available –
1. Quarterly – $249
2. Six Months – $479
3. 1 Year – $899
4. 2 Year – 1,799
Apart from these expenses, there are other Maintenence expenses as well, that need to be paid every month. After you make the payments, you are required to invest some money into your account.
This money will then be used by the platform to invest in different securities in an automated manner, and earn you the maximum return while minimizing your risks. You don’t need to worry about anything, as everything is taken care of by the website.
Pros
1. The website is well laid out and easy to navigate. The sign-up process is also very straightforward.
2. Everything from return maximization to risk aversion is taken care of by the website. You just buy the subscription, invest money, and start earning returns.
3. There are training videos provided by the website.
Cons
1. The service is not free. You need to pay to get started with the website. Apart from this, you also need to pay a monthly maintenance fee, which can be very frustrating.
2. The company suggests investing at least $17,000 to make a good return. This is a very significant amount of money that is being told to invest.
3. There is not much information provided about the website and its history. This makes the website a little suspicious.
Would I recommend this website?
The cost of the membership alone feels way too much for what the website is worth. I would not recommend anyone to invest that much money in an online opportunity.
The system suggests you invest $17000 which is a lot of money and instead of investing it with this program you could use the money to start other businesses that are legit.
MLMs are popular for going missing with people’s money and you would never know when this one would shut down. The fact that you need to pay just to promote the product is bizarre and you might want to think twice before you invest all your money into this program.
There are so many other ways to make money online and MLM’s are clearly not my recommendation. MLMs are programs that are waiting to scam you.
You might end up losing more money than actually making any with these programs. I would suggest that you try and save your time and invest it in opportunities that would help you make a full-time income online.
Conclusion
AlgoTrades is definitely not a website I would recommend. Most of the MLMs are dodgy and so is this one. If you want to make money online then there are so many other ways that you can do so.
If you have a lot of money to invest then you could go for dropshipping or Amazon FBA or maybe even buy niche websites that are already making money online.
If you just want to make money online and if you are on a low budget then I would recommend you learn the right skills that would help you make a full-time income online.
The way I started my online journey was by learning affiliate marketing since this was the only method that required a very less initial investment.
I had very little money and the training and tools that I got for as much as $47 a month were more than enough to help me make a full-time income online.
The training that I went with was Wealthy Affiliate and it is probably one of the best out there. If you are serious about making money online then you should definitely give this opportunity a try.
It does not require you to have any coding skills, and neither do you need to have an inventory. You can get started at an introductory offer of $19 a month.
One of the reasons I joined Wealthy Affiliate was because it is FREE to get started. So, I could take a look around and see if the course was meant for me.
You can upgrade to premium as well since it would just cost you $19 for the first month. Inside the course, you would get a step by step training which is easy to understand, and apart from that, you would be able to get my personal opinion on your websites.
I could help you choose a profitable niche that can make money within 3-6 months. This might sound like a long time to make money, but that is how long it takes for any website to get off the ground.
You need to be consistent and put some effort into making money online. There is no ‘get rich quick’ scheme that works, and if it did, then everyone would be doing it, and no one would waste time working hard.
So, check out Wealthy Affiliate if you are interested in making a full-time income online. You can get started for FREE today!
==> Get Started for FREE Today
If you have any questions about this course, then let me know in the comments below, and I would be happy to help!
If you want to share your experiences, then feel free to do so as it would help our readers.
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