Alan Solarsh explains passive income, where one-time work generates ongoing payments like rental property or music royalties. He presents the Forex Ninja Bot, an MT4 expert advisor designed to generate passive income from forex trading.
Alan Solosh here, the passive income guru, and this video tutorial explains to you the difference between passive income and active income and how to make passive income.
Right? So there's two types of income in this world. There's passive income and then there's active income. Now active linear income means you work, you get paid, you work, you get paid, you work, you get paid, you work, you get paid. And if you don't work, you don't get paid. It's like you have a job and if you don't go to work, then obviously the boss isn't going to pay you. It's like trading. When you trade manually, it means that basically you have another job. So if you don't trade, then you don't make money. It's very simple. Now passive income works totally different. Passive income is money that you make long after the time that you've actually worked. So it's like when you own property, you buy the property and then you put a tenant in your property and that tenant pays you money every single month. That is called passive income. Passive income can also be related to what a musician does or an author. So a musician makes music, they publish that music and then you download that music for a fee. Now they've only made the music once, but people can download that music over and over again and they earning income proceeds from their initial work. That's called passive income. The same with an author. An author writes a book and he gets paid for every copy of that book that gets sold. And he only made one book. So if he sells a million copies, then he'll be paid on a million copies. And he only wrote the book once. So he puts in a little bit of effort or a lot of effort over a period of time and then that's the amount of effort that he's put in. And then he gets paid forever or for the duration of the time, the lifespan of the product that is actually being sold. And that's the difference between passive income and active income. Now I don't trade live anymore. I prefer to use my tool that I have, which is absolutely fabulous. It's called the Forex Ninja Bot. And this application is a tool that you plug into MT4 and it is going to generate a passive income for you, which is, it's crazy what this, what this robot actually does. There's another tool that connects to this passive income to the Forex Ninja Bot and it is an equity protector so that you never blow your account. So it's almost like an insurance policy which is Great.
Above this video is a little button that you need to click in order to go to the next website for you to see how my passive income robot, my EA Forex Ninja bot works. And let me know if you want, if you're interested in it. And if you want to start making passive income now, you cannot save yourself rich and you cannot work yourself rich. You have to have multiple streams of income for you to be rich, and you have to have a passive income stream. Now if you don't have passive income streams, then unfortunately you will work until the day you die. It's not my opinion, it's a fact of life. So you need to be gearing yourself while you are trading. So what you need to do is you need to be making active income, doing active income, okay, with manual trading or your job or your business or whatever you're doing. And then you need to be taking that profit and putting those profits into passive income platforms and so that you can get different streams of income. Now, if you don't have multiple streams of income, you are, you're in for a bit of a surprise. You're going to have a financial challenge.
In your golden years. So it's best to start organizing your passive income streams now so that you can retire earlier and and enjoy your life without having the stresses of having to do active income. So click on the button above this video and I'll see you on the inside of the Forex Ninja Bot videos. Before you go, if you'd like to earn a little bit of bitcoin, I give away 0.005 of a Bitcoin every single Friday to a random subscriber. If you'd like to earn that, there's a couple of things that you need to do. You need to subscribe to my YouTube channel. And how you do that is you just mouse the video that you're watching. In the bottom right hand corner of the video is a YouTube icon. Click that icon now. So please pause the video, go and do that step. Now, once done, you can come back to this video and resume the video. Now if you're not already logged into your Gmail account, then you need to log into your Gmail account. Now, below the video that you're watching on YouTube there is a subscribe button. So what you do is you click on that subscribe button and. And then next to the subscribe button is a bell icon. You can click on the bell icon. So please pause the video, go and do those steps. Now, once done, you can come back to this video. And resume the video. The next thing that you do is you need to give a thumbs up. And then in the comments section, which is over here, you can leave a positive comment together with your Bitcoin wallet address. Now, you have to follow the steps exactly to be able to get that prize. So you need to subscribe, you need to hit the bell icon, you need to give a thumbs up, and you need to leave a positive comment with your Bitcoin wallet address. Only then are you entered into the competition and are legible to win a prize if chosen. So if you want to win 0.005 of a bitcoin, I highly recommend that you follow those steps and then you'll be eligible to win that project. So good luck and I hope you win that prize. And if you do, remember to invest it in a passive income stream and I'll see you on the next video.
Double bottom forming - Gold ready for $4000 #trading #technicalanalysis #xauusd
