Ed Beaufoy Tiktok

[James9090]

it’s not hard to make a decent living from it

Really? I always thought it was one of those things that is actually extremely hard to make a living from, especially without the backing and capital from a bank. Otherwise surely everyone would be doing it? Would be good to see him back on OF though....

 

[Just Hanging Out]

Really? I always thought it was one of those things that is actually extremely hard to make a living from, especially without the backing and capital from a bank. Otherwise surely everyone would be doing it? Would be good to see him back on OF though....

I mean the point he is trying to make with his classes is that anyone can do it. The issue is that you need to have a lot of money upfront because the profit margin is low and it’s a bit of a gamble. It’s called arbitrage. Essentially he’s taking advantage of fluctuating exchange rates.

So say for example he spends $1.00 USD and buys 20 Japanese yen. In an hour the yen grows stronger so the rate is now $1.00 for 15 Japanese yen. He made a profit in the end of 5 Japanese yen or 25%.

This is just an example, Arbitrage profit percentage is much much smaller only like 1%-2% so you have to put in like $10,000 or more to actually make a decent profit. And if you fail then you wasted $10,000.00. It’s very risky and lot of people do it so you only have seconds to make a decision to put your money in or not. But if you’re good at it you can make a lot of money.

So there’s always a chance he gambles wrong and has to come back to onlyfans lol