To owners of Australian import businesses who buy foreign currency to pay overseas suppliers
"Former forex dealer blows the cover on the Australian foreign exchange broking industry and exposes how FX dealers are ripping off their clients on every transaction and teaches how you can protect your business"
Ever suspected your currency dealer was lying through his teeth to you?
Ever felt like you had a better handle of where the forex markets were going than your so called expert FX dealer?
Ever wished you could throw your FX dealer in a dark room and interrogate him to find out what margins he's taking on you and exactly what goes on behind the scenes in a forex dealing room?
I guarantee you answered yes to the first two questions
If you also answered yes to number 3, then you better keep reading
Dear Australian import business owner,
The entire Australian import market has becoming increasingly more competitive in recent years.
With the majority of the global economy on life support and the slowing of production giants in Asia we have witnessed the subsequent closing of many supply factories.
Local customer demand for imported goods has softened, all while aggressive short sighted competitors continue to slash prices of imported products down to unsustainable levels.
The financial services sector has not been immune, the traditionally iron clad Australian banks have been posting sharp declines, making frequent rounds of staffing cuts and have found themselves working through forced mergers.
With shrinking profits, banks have sought to increased margins on all products including foreign exchange. Both retail (importers) and wholesale (FX broking houses) customers are finding their transactions moving further off the interbank rates.
Bigger shades for retail bank customers equal bigger shades for broking house customers. Broking houses only need to improve on the rates of the banks to keep their own customers happy
As a business owner I doubt that I need to explain to you that exchange rate you fix on a deal directly affects you bottom line profit on a given shipment.
What you probably don't know is that...
"Forex brokers from independentcurrency houses can save you a lot of money on your foreign exchange, however they are much trickier to do business with than bank dealers. They will quite simply steal every pip and cent off your FAX transactions that they can if not closely controlled and managed"
Who am I?
A former foreign exchange dealer in a leading independent Australian FX broking house. I ran a self built portfolio of over 300 importing businesses turning over AUD4.6 million per month.
During my 3 years in the business I witnessed a lot of deals that made me sick. I also actioned plenty of deals which I'm not proud of, but as we were told - they were all just part of the foreign exchange game.
So why did I decide to write this book and lift the veil on this carefully guarded industry?
After spending 4 years running my own SME working 80+ hours 7 days a week, I gained a good appreciation for the difficulties of running a business.
Like a lot of thinly capitalised new business owners I spent the first year struggling like hell just to pay the landlord and my staff. All while drawing a wage which would make a Cole's checkout operator squirm.
It was a far cry from my days spent clocking in 50 hours a week and making killer commissions as a currency dealer.
Throughout those first few years in business I regularly thought about a handful of my ex-forex clients. Clients I had build good relationships with and who had regularly shared stories with me of their own struggles in operated their businesses in competitive markets and mounting financial pressures.
After experiencing business on both sides of the court, I decided it was time someone helped level the forex playing field for all the Australian importers tying to remain competitive in their market.
"Forex dealers rely on ignorance, complacency, trust and confusing strategies in order to rip off clients, educate yourself now and stop contributing to their personal retirement funds"
Forex dealers are trained in the dealing room to carefully craft foreign exchange traps using simple spot transactions, overnight orders and forward contracts.
They guide their clients to their own strategy of choice with their clients personal interests in mind and execute these borderline criminal currency transactions without the slightest hint of hesitation or remorse.
Management will routinely run dealing room competitions with hefty prizes on who can average the highest percentage profit shade across their client bases over a week.
Dealers are encouraged to take clients for the biggest margins possible by using every dealing manoeuvre in the book to steal extra points/pips on deals.
"Forex dealers laugh and hi-five each over stories of their favourite sucker clients who don't have a clue where market rates are, can't follow their FEC paper work or best of all those who completely hand over the wheel and trust them to look after their business interests"
What are you going to do about it?
Introducing your money saving solution:-
What will you get out of this Ebook?
Learn how to secure the best spot rates in the forex market regardless of your transaction size
Communicate like a currency expert to avoid getting ripped off by your forex dealer
Avoid the common techniques currency dealers use to double or even triple margins on bookings of unsuspecting clients
Discover the sad truth about $0 TT fees
Successfully manage your companies own FX exposure without the 'help' of your currency dealer
"As a former forex dealer - I will teach you all the dirty tricks and strategies your dealer is using on you to boost his own take home commission!"
I wrote this Ebook specifically for the requirements of Australian importers, not exporters, nor the Jones's down the street who are selling up and shifting to the UK.
The strategies and systems in this Ebook are designed to be used on brokers from broking houses, rather than bank dealers.
What's the difference?
Bank dealers are typically like high salaried call centre operators, they are given very strict rules and procedures to follow, margins are pre-set (sky high), dealers are told what to say. They are allowed little freedom for negotiation and movement in their dealing.
It's a very traditional bank styled - take it or leave it approach
Dealers from broking houses are cowboys by comparison, they are paid a smaller retainer (if any) with a good commission structure. They run with a far looser set of rules given by management who will also allow you to do almost anything as long as overall profit targets are being met.
This can greatly benefit a clued on importer, with flexibility comes opportunity. Broking house dealers are given total discretion to make varying profit margins for different clients. As long as a dealers overall portfolio is hitting it's required profit target.
It's a more do whatever you like by don't get caught out philosophy
So you can have the safe, fixed, guaranteed rip you to pieces bank dealer or you can stack your wits up against a crafty broking house dealer
As an importer you are already accustom to watching your back and negotiating with slippery suppliers and customers. Unfortunately broking house forex dealers are whole different breed and it helps to have access to specialised insider information to come out on top of your dealings with them.
"Trust me, I'm a forex dealer will school you up on how to tip the scales in your favour by exposing the exact strategies your dealer is using to increase margins on your bookings"
Trust me, I'm a forex dealer is not
A business how-to guide or a theoretical text book
Trust me, I'm a forex dealer is
Packed with detailed explanations of how to get the upper hand in many of the common scenarios and some of the not so common scenarios you will run into when doing business with your FX dealer.
Focused on providing real FX transaction examples coupled with easy to follow calculations.
About bottom line bullet pointed actions on how to tighten up the leash on your dealer and achieve sharper rates on your deals.
It doesn't matter if you transact foreign exchange weekly or 6 monthly, whether your average transaction size is $5,000 or $200,000.
Most importers believe the dollar spend of your deal is the most important factor in getting the high exchange rates, they are completely wrong
The most important detail in determining the rate your dealer gives you is etching into you forex dealer's head that you are a savvy importer, who knows how the foreign exchange game is played.
I've witnessed countless businesses who put through frequent $100,000 plus transactions, though were always receiving booking rates lower than the average $20,000 transaction client.
Q. How is this possible?
A. The dealer knew his client was a sucker
Prices can always be negotiated with broking house dealers (it also helps to have your dealer's cost rate at your fingertips every time you book a deal, we will teach you how to find this inside the Ebook)
By learning the exact areas FX dealers look to take advantage of clients, by understanding what goes on in the dealing room and what your dealer is doing behind his twin computer screens.
You will be sidestep the traps and ultimately pay less for product shipments by securing better foreign exchange rates through you dealer.
We will give you detailed breakdowns on how and when to use the 4 available transaction strategies to ensure you are equipped to take control of the foreign exchange exposure in your business. These strategies are:-
Spot transactions
How to guarantee you always know the margin your dealer is looking taking on your deal How to hedge you foreign exchange risk using simple spot deals
Overnight orders
Find out how your broker has been making his bonuses on YOUR overnight orders and learn how to stop it Why you should never allow you dealer to leave an overnight order running 'good until canceled'
Forward contracts How to ensure you are never margin called or have your FEC liquidated by your broker Why you broker is continually steering you towards FEC's as a FX management strategy
Foreign currency accounts
Why this could be the best way for you to limit foreign exchange risk in your business Why you should set up a foreign currency account with your bank instead of your broking house
"Stop losing ground on pricing competitiveness to industry rivals who are paying less for product shipments by getting sharper currency conversions as a result of knowing how to control their FX dealer"
So how much is this going to cost?
Right so lets cut the crap, we're not late night television watching losers and I'm sure hyped up late night infomercial inspired sales letters aren't your cup of tea.
You are not going to receive five more useless 'bonus' forex reports or manuals with this Ebook.
What you will receive is one Ebook containing straight to the point, instantly actionable strategies that will save you money and put you ahead on each and every foreign exchange transaction.
Trust me, I'm a forex dealer
AUD$49
ZERO RISK
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Here's my challenge – purchase Trust me, I'm a forex dealer for AUD$49
If you don't think you can save the ticket price of this Ebook in a single forex transaction with the strategies I teach (regardless of your transaction amount). Then I don't want your money, I've ripped off enough clients in my time as a forex dealer and I'm done with it.
That's my zero risk 100% unconditional money back guarantee
If any time within the 60 days you feel you haven't received fantastic value for money. I insist you email me with your purchase details and I will promptly refund you 100%
So what are you waiting for?
"Before you pay for your next product shipment, make sure you have the knowledge which allows you to use the most effective money saving FX strategies for your company and extracts the highest exchange rate from your forex dealer!"
Push the order button below
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Upon payment confirmation, delivery of this Ebook will be immediate though a downloadable link
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Sincerely,
Jake Waterman
Author of Trust me, I'm a forex dealer
p.s.
It's quite simple,
The sooner you get your hands on this Ebook
The sooner you start saving money on your foreign exchange bookings
Jake Waterman is a pen name I created to protect myself against legal action from the foreign exchange broking house of my past employment.
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