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Friday, January 30, 2009

Pajama Money Attempt 4 - Vending Machines

This is my fourth idea for making 'pajama money', though its probably wise to collect the income in more business/casual like attire than pajamas. For the time and effort it takes to run a vending machine business, its still practically 'pajama money'. I am using http://www.vendingfriends.com/ to get started, going to buy 10 triple head machines, half will have to be paid upfront to cover the cost of the vending machines. The other half will be paid about two weeks later to cover the cost of the locating company.

I'm guessing I should be able to make a modest $30-$40 a month per machine. If the first ten machines get these kind of returns, then my plan is to add ten more a month (discounts are offered for subsequent purchases) until about fifty machines. By December, the machines should be paid off out of the earnings, and hopefully making in excess of $1500 a month. Let's see! My plan is to start small and grow; I hope it works.

I'm still waiting for the HYIP portfolio results, I have made withdrawel requests on a couple of programs. Should be interesting to see if any pay off or not. I'll post results to the original HYIP post.

Also, on the Forex front, FAPTS/FAPTurbo EAs have been pretty consistent in yielding 10-20% weekly returns. Which is great, Piptronic has been an up and down week for me. It certainly has the capacity to make a lot of money, but it can also make huge losses wiping out all the wins. I am still working out the proper settings for the EA, but so far I only plan to trade FAPTS/FAPTurbo on my live accounts in february. I will keep playing with Piptronic though, if I can get it to consistently make money, then I will set it loose as well.

More later,
Pajama Monkey.

Thursday, January 29, 2009

Pajama Money Attempt 3 - HYIP Portfolio

Welcome to the world of HYIP investing, is it a scam? Honest business opportunity? Ponzi scheme? Just no way to know, so the key is to diversify and only invest what you are willing to lose... It is also recommended to use a 30-70 rule, withdraw 30% of profits and reinvest 70%, until the program is no longer paying! And also, do your research, I start with
http://hyipbanker.com/ first to check if the program is paying, there are several other HYIP monitoring programs, just use google! I also found
http://rhyker.wordpress.com/fbimonitor/hyip-investments/ to be helpful as well. Hopefully I will see a good ROI!

With that in mind, I have opened a Liberty Researve Account, and used Gold Exchange to buy 500 USD of LR (came to 485 LR USD after exchange fees).

Total HYIP investment: $480 on 29-Jan-09

HYIP (Last Update 18-Feb-09):

$100 > Vitamin M Club > $233.8 on 28-Feb-09
(Paying!, Last Paid: 18-Feb-09, Total Withdrawn: $24.2, Re-invested: $167)
$50 > URInvest > $187.27 on 12-Mar-08 (Waiting)
$25 > Residual Forex Income > $318 on 28-Jul-09 (Waiting)
$100 > ANOI > $12,534.26 on 25-Sep-08 (Waiting)
$50 > Genius Funds > $380 on 8-Oct-09 (Waiting)
$50 > The Stoic > $651 on 22-Oct-09 (Waiting)

$20.5 > WOIP > 1% Daily Compound, can withdraw anytime.

Programs with Problems: (Total Money Lost - $105)
$100 > Hourly Bank > $144 on 30-Jan-09 (Not Paying)
- I can no longer login to the the website, and my email does not show as a registered user. No doubt this one is a scam.
$5 > Power Fund > $40 on 30-Jan-09 (Not Paying)

I'll put the updates to this post, wish me luck!
Pajama Monkey.

Tuesday, January 27, 2009

Automater Forex Trading - Demo Week 2 Update

Here are the week 2 results of the $5k Forex Demo accounts:

Account 1: Interbank FX +1693













Account 2: FXDD +1278













Account 3: FxPro +1441













Not bad huh? After searching around the internet though, I am inclined to use another broker for my second live account, FxOpen. In either case I will go live in February, I'm planning 500 USD each to Interbank FX and FxOpen to start. Stay tuned for the weekly 'live' results!

And some more exciting news, I was perusing the internet (very important in the pursuit of pajama money!) when I found an interesting website: http://www.new-forex-software.com/.

He gave FAPTS and FAPTurbo both a thumbs up, and also recommended two new Forex Expert Advisers, Piptronic ($130) and Pipzu ($100).

So I have added these to my arsenal. I started a new 500 USD Demo account with FxOpen, and was running FAPTS/Piptronic/Pipzu. All I can say is WOW. Piptronic was trading like crazy for two nights in a row and had the account up to $690! Unfortunately, the demo server went down, even as I am writing this its still down, and subsequently the account is blown. If it comes back up, I will restart the simulation and just present three days of data instead of five. I am also continuing the Interbank FX demo, but now with the added power of Piptronic and Pipzu.

Alrighty, so here are my reviews of the automated forex trading robots so far,

FAP was probably one of the originals, it's a bit out of date, but still brings success to many people. It was developed by Marcus Leary. It sold well, but suffered from poor customer support. A Charles A. Floyd, II started a Forex Auto Pilot user group (FAPUG) and later FAPWinner to provide support.

FAPWinner as stated, was started by Charles A. Floyd, II in order to bring customer support to FAP users. Membership to FAPWinner includes the FAPTS Robot, which is basically the same robot, but optimized with Charles' settings. Membership is great, as he provides EA reviews, weekly trading plan updates, mentoring sessions, and a forum. When I joined, new applicants had a choice of Silver, Gold, and Platinum memberships. Membership types have changed since to either supreme (one time fee of $600) or monthly (100 USD + $50/Month for twelve months). Note, FAPTurbo support has also been added! Anyone considering FOREX trading, I highly recommend joining this program, even if you opt against using the EA, the support is well worth it. The community alone will help point you in the right direction for the best EAs, EA settings, and which brokers to use and which to avoid.

FAPTurbo has proven to be an extremely powerful EA, you can check the 'live' results of this robot on three different accounts at the website, really cool! It can be traded on different currency pairs, unlike FAPTS which only trades EUR/USD, and can possibly double an account every month. Purchase of FAPTurbo also includes membership to the FAPTurbo community, where there is very good customer support and a forum. One of the cons I don't like about FAPTurbo is that it can only be activated for one live account, if users wish to use on more than one, then a separate license (at discount) must be purchased for each live account. This is not an issue with any of the other EAs I have purchased; they can be used on any and as many live accounts as one may wish. Another Con of this EA and others like it, though it is not actually the fault of the EAs, is that it is very sensitive to the currency spread. Currency spread is the difference between the bid and ask price of the currency, which is related to the broker, so it is very important to find a decent and honest broker. However, despite the cons, this EA is proving to be one of the most consistent in earnings. As of now the EA retails at $149; however, if you try to exit the website they will offer a $10 discount!

Piptronic WOW, this EA is amazing so far. One thing I like about it, or rather the developer, is NO affiliates! No going to google just to find website after website about how great this EA is from people who don't even use it, they just want the money they get from unsuspecting buyers. I have started a 500 USD Demo account with FxOpen (though the server is down now :() and hopefully by next week I can show off the combine power of Piptronic/Pipzu/FAPTS! There are actually two retail options, Piptronic 1 for $129 or the Advanced Package for $200. The Advanced Package includes three EAs: the original Piptronic 1, Piptronic 2 beta, and Piptronic X. I bought the Advanced Package, all the EAs are designed for the EUR/GBP pair, Piptronic 2 beta is basically the same as the original, except you can modify more settings, such as the trading hours. While I feel the EAs have potential, they are also sensitive to the currency spread and there isn't the support offered like that of FAPTurbo or FAPWinner. Though there are several FAPWinner users currently testing this EA and trying to figure out the best settings.

Pipzu I can't say much about the EA. It has similar features to Piptronic, a trend adapting technology. It is designed to operate on the EUR/USD currency pair and usually only makes 2-3 trades a week due to its market time algorithm; because of this, it is supposed to have least percent of losing trades, we shall see! Also, like Piptronic, I am not aware of any affiliate program. There isn't much support offered for this EA; however, several FAPWinner users are trying this EA out.

Thats all for now, in my coming posts, I will introduce two more methods I have discovered to help me earn 'pajama money'.

Till then, cheers,
Pajama Monkey

Friday, January 16, 2009

Pajama Money Update - Automated Forex Trading

Monday, 12-Jan-09: armed with FAPTS and FAPTurbo EA Automated Forex Trading Robots, I opened three 5k Demo accounts.

As of today, 17-Jan-09, here are the results:

Account 1: Interbank FX +959














Account 2: FXDD +627













Account 3: FxPro +697













Not bad huh? In February, my Interbank FX account will go live (after I receive my paycheck!), followed by FXDD, then FxPro in March/April. I'll give weekly updates once my account is live! wish me luck, so far this is showing to be a promising route to pajama money!
Pajama Money Tally:
FAPWinner $400 (Gold Memborship, member structure has change now)
FAPTurbo $139 (Try to exit the website, then they will give $10 discount)
Acer AspireOne Netbook $400 (I run the demo accounts on this nifty little thing, its awesome!)
Total: $1,039
Regards,
Pajama Monkey.
P.S. I'll give the details and descriptions of FAP, FAPWinner, and FapTurbo in my next post; in the mean time, I've gotta get back to work!

Sunday, January 11, 2009

Pajama Money Attempt 2 - Six Figure Yearly Program Review - LOL

The Six Figure Yearly Program is ..... LOL!!!!!!!!!!!!!!!!!!!

So its nothing more than a glorified eBook, website is pretty though don't you think? Yeah, it didn't take me long to think this is a waste of money.

Anyways, it will teach you about affiliate marketing and how to become one, have you noticed my clever use of links in my blog posts. I am basically being an affiliate marketer. For many of the links, if anyone clicks on them and ends up buying the product, I get a kick back.

So this website teaches you this, though chances are you already have an idea of how to do this... I'm sure anyone can follow the steps presented and make money, I am also sure this information or better can be found free or cheaper on the Internet.

While proceeding through the program (Web-Based eBook) I was even offerred the opportunity to have a Home Job Research and/or Scam Free Online type review website built for me with all my clickbank affiliate codes embedded for me for 200 USD - http://www.ekohgroup.com/Sites.html. The program then proceeds to give tips on using Pay-Per-Click, yada yada yada...

I'm not saying the techniques wouldn't work though, but that is essentially the program. Already known about techniques. Oh, and if you come across anyone saying its a program that teaches you multiple ways to earn income online (such as managing financial transactions), doesn't appear to be the case. Just a Web-Based eBook on how to become an affiliate marketer...

And, I don't intend to start any of the websites they offer, there are enough like it polluting the internet...

Total 'Pajama Money' Tally:
Six Figure Yearly Program $70 (8-week money back garantee)
Forex Autopilot Robot $100 (8-week money back garantee)
FAP-Winner Group $400 (For Gold Membership)
Total - $570

I found a couple of interesting websites that might be of interest:
http://www.scam.com/ - I will be checking future programs here before purchase when possible
http://www.specialonlinebusinessreviewauthority.com/- This is the place that turned me onto Forex Auto Pilot

Pajama Money Attempt 2 - Six Figure Yearly Income and Week 1 FAP Results

I'll Start with the FAP results, but keep in mind I started (well re-started) the Forex Auto Pilot System duing days off, switched it off to fly back to Egypt for work, then started from scratch again when I arrived to work. So the results are for 2 days instead of 1 week, next week I will update after the market closes with the results of a full week of running.

Anyways, here is what I am running:

FAPTS EA from FAP Winner .com in a demo account provided by http://www.interbankfx.com/ and http://www.forex-auto-scalper.com/ in a demo account provided by http://www.forexmeta.com/. (USD - United States Dollars)

Week 1 FAPTS EA: 5k USD Demo -> 5.2k USD
Week 1 Auto-Scalper: 5k USD Demo -> 5.6k USD

Not bad, I plan to start FAPTS EA in a 500 USD live account starting in February; as I was getting the same consistent results while testing during days off, roughly 10% account increase per week.

Pajama Money Attempt 2: Six Figure Yearly Program

I got the Platinum Membership for 70 USD only today. I spent some time researching the Internet. I was trying to find a bad review, but couldn't seem to find one. While most reviewers do not feel they will be able to make the $1000-$3500 a day, most seem confident they can make about that much per week. I am still going through, so I will update results after I have had a chance to thoroughly try it out.











Regards, PJMonkey

Thursday, January 8, 2009

Running on Hope

Its been a long time since I felt so good; Hope is the best feeling in the world. Honestly, there are time I actually don't scratch off those lotto tickets. Simply because the hope that its a winner is more fun.

Its been a long time since I have been running on hope. Despite my attempts at making pajama money, being rich isn't what I'm after (though I wouldn't mind if it happens). I think what I want is what most people want, to be financially free. Free to make our own choices, free to have time with our loved ones. After all, that is how a typical 9to5 job works, we trade our time for money.

Anyways, I came across the notion of Automated Forex Robots while surfing the internet. I liked the idea of it because they are designed to make you money, while you literally do nothing. Who wouldn't like to do nothing and make money? That's the Epiphany of pajama money! So I bought a Forex Robot, opened a demo brokerage account, followed all the instructions and low and behold! My account blew up :( along with my next three feeble attempts. sniff sniff :(

Then back again I was, in the grind stone, the troubles and worries that my work brings on. I gave up the notion of 'pajama money'. I don't have a typical 9to5. Though I am a well educated Engineer, I foolishly took a job for an Oil Field Services Company. MONEY DOES NOT buy happiness. My job is more like 24/7, 8 weeks on in some base camp in the middle of the Egyptian desert and then I get 2 weeks off. Did I mention the 2 weeks is apart of the vacation too? So basically I work 24/7, no evenings off, my family in another country, only to get the equivalent of all my weekends rolled into one... My flight to and from home takes up 1 set of weekends, I pay for the flight no less, but now I am ranting, so back to my story...

I was miserable at work, we were understaffed, we were under-resourced, we were perturbed by clients who were behaving childishly and erratically (I've come to discover this is mostly a cultural phenomenon with this country), good hard working employees were getting warning letters and fired right and left. Finally, my vacation time came up, I was so ticked off, I scheduled my days off for 5 weeks! I was going to get Thanksgiving, Christmas, and New Years all rolled into one long vacation. As I was leaving, new management came to my base camp, who didn't question the unusually long duration. He simply stated to go and forget all this, just go and get refreshed.

I was happy at home, I did forget it all, I got to that place where everything was right again. No fear of doing anything irrationally, like a quick split decision to quit my job, which would result in probably going bankrupt and losing everything I own including my shirt! I had a great time with my family, but I wasn't running on hope yet. I simply had escaped my doom and gloom, of a job/place i didn't like and didn't want to be in, for only a period of time. As time approached to go back, i felt something. I felt the unhappiness coming back, the anxieties; what if this job is the best I will ever do, what if I never get out of this place, and all the other worries that came with it?

I thought of the last movie I saw in the theatres before I left, 'The Day The Earth Stood Still'. There was a point in the movie, when it was stated that only at the precipice do people change. I think the realty of coming back, not being able to forget the 'Job' anymore was my precipice. It renewed my pursuit of finding a way to make 'pajama money'. Simply put, I have to Get Outta Of This Place! I'm burned out, my family had noticed it long ago, and were even asking about my 'heavy heart' to my mother. This just made it feel heavier, I was trying not to let my troubles at work affect them, but holding it all in, probably worried them even more.

With my renewed pursuit ignited, I retraced all my steps at using an Automated Forex Robot. I opened a new demo account with http://www.interbankfx.com/, I installed the FAPTS EA provided from FAP Winner .com, and followed all the instructions and recommendations from the forum. When that was through, I double and triple check everything. My demo account was little, maybe about 500 dollars. I wanted it to be representative of what a real live account would be. Wouldn't you know it, that demo account was making 10 bucks a day until the market closed for the Holidays. It was working!

All the way back to the Egyptian Desert I was Running on Hope! When I arrived, in my email was email, some guy trying to make a name for himself was giving away free copies of his Automated Forex Robot - Forex Auto-Scalper http://www.forex-auto-scalper.com/. I opened the recommended Broker Demo Account at http://www.forexmeta.com/ and followed all the instructions. Its also been steadily making money! Too bad its not real money, yet!

So that is why I am Running on Hope; I like this place in my emotional being, its better than I've felt in a long time! I'm letting my demo accounts run, but next payday, I'm going to start my live accounts at around 250-500 USD, with me luck!

New Years Resolution, be successful enough as a Forex Trader to QUIT this job!

So to recap my total investments into the 'Pajama Money' efforts:
  • Signed up with Forex Autopilot .com (~100USD)
  • Join a Forex Auto Pilot Group, FAP Winner .com, Gold Membership (~400 USD)
  • Acer Aspire One Netbook (~400)

I'm am operating the FAPTS EA and the Forex Auto-Scalper in demo accounts. My plan is to open Live accounts, around 250-500 USD for each Robot next pay day at the end of the month. Assuming of course the demo accounts are doing well.

Wish me luck, and good luck to anyone who happens upon this blog! My your efforts at Pajama Money be a success :)