There are a few ways which you can make money from automated systems which I’ve tried and tested. I’ll post the first one here and I’ll do the others on a separate post.

Collective2 

The first one is a company called Collective2, their website is here www.collective2.com

They have just under 4000 trading systems submitted by people and the idea is that you sign up to one of them and receive alerts when to buy and sell, take profit etc.

How do you choose your system?

Before you select your trading system, you’ll find a wealth of tools you can use to decide which trading system suits your personality. There are scalping systems, day trading systems, positional trading systems etc. You decide if you are a conservative trader or prepared to take a bigger risk (for a potentially bigger gain). Then there’s the choice of different markets which you want to trade.. for example, futures, forex markets, indices etc.

There are graphs and stuff so you can see how the system has traded over it’s lifetime. You probably want to select something that’s been going for a while, read the comments that people leave etc.

Another thing to note is if the system changes, I was previously subscribed to a very profitable system and then the author changed the way it traded and it just lost heaps.

Ok, the next thing is to decide if you want to receive alerts to an email address of yours (so that you can manually trade the signals) or if you want, you can sign up with a broker which can automatically trade these for you.

I suggest that you first see if you can sign up with a test account first and see if the signals are implemented correctly. I’ve read some comments that sometimes the signals can be some timeframe out.. obviously if you’ve subscribed to a scalping system and hope to autotrade it in this instance, you’re in deep poo poo!

If you’re in the UK, there is the advent of spreadbetting where trading profits are tax free. I throughly recommend visiting Futuresbetting.com if you want to go this route.
 
The other good thing is that you can spread your risk.. you can choose a few trading systems you like and carve up how much you want to trade each system. This should spread the risk for you.

I’ve had some really good results through this and if you find a good system (or systems), it’s nice to wake up and find a few £££ extra in your account!

Hi All,

I was reading today how there are people whose sole purpose in life is to update their blog! They make enough money from advertising through their blog that that is all they need to do. They have given up their jobs and this has become their job..  it’s amazing how this can make money but when you think of the number of people on the internet, you just a small percentage of them to click through your adverts and off you go.

Anyway, it looks like the top earner through Google Adsense is a guy called Markus Frind who has a dating website.. he makes $300,000 a month.. that’s a month, not a year! That’s completely unbelievable! I’ve just had a look on his website and it’s actually a free website so he doesn’t charge for you to join, instead, he makes his money through advertising! Amazing!

Anyway, I have spent the last 2 whole days transferring the website from the free Wordpress hosted one to that of my own domain. It was a learning process and I’m overall very happy with the process. However, the biggest drawback as I’ve mentioned in a previous post is that you are no longer registered in the Wordpress directory. Instead, you have to rely on your own to promote the site.
So what I’ve done is to register and submit my site to as many search engines as possible, I’ve done the main ones.. Google and Yahoo. However, on their blurb, they reckon they could take weeks if not months before your site appears!
I’ve also registered with Sphere, MyBlogLog, Technorati, Digg, Feedburner, Squidoo and StumbleUpon.. my fingers are hurting. Do people know where else I can go to get the site registered?

I think it’s going to take a lot of time before I get a lot of traffic. I’ll need to update my blog as much as possible and feed ideas and thoughts through often. That should be ok as I frequently have Eureka moments!

Hi All,

I just found this today.. this is the stuff that I’m looking for!

William Hill are offering a free £100 bet if you bet with them today. Now, the plan would be to bet the £100 and if you win, great, take your money. If you lose the £100 then William Hill should give you £100 so you’ve not lost anything!

Please be sure to read the terms and conditions though…

 Here’s the link for those interested

http://www.willhill.com/iibs/EN/sportsbook.asp

Good luck!