Q: Hello, could you please introduce yourself and tell about your position within IncoForex project?
IncoForex: Hello, thank you for inviting me for this interview. My name us Jarmo Aavikko and although I am personally not as gifted in
forex trading as some of our team members, I am the one who actually organized the
IncoForex enterprise and I am the company Director.
Q: Could you please tell us about your service? For example, who stands behind Incoforex Inc? What was the prehistory of this service? What difficulties did you come across creating it?
IncoForex: IncoForex first of all is nearly completely an online venture, which is the most cost efficient and logical solution, considering the methods of our operations and income generation. We are offering our investors an opportunity to generate residual income, derived from capitalization on fluctuations in flat currencies values. The main driving force behind IncoForex, is the team of technologically savvy currency traders who I, alone with all of our participating investors, are thankful for agreeing to do what they do best full time. The difficulties we have encountered through the years of working on the project were mostly of technical nature and to some extend in selecting the trading team members, where the time factor was something we obviously could neither speed up nor dismiss.
Q: Today many people work on Forex, and some of them make good money. However, for the majority this market is kind of a gulf that swallows all the money. How do you manage to get profits and to make money not only for yourself but for your investors as well? Do you have a special tactics?
IncoForex: I couldn't agree more with such statement, which also is in a sense the "associated risks disclaimer" for those who want to try trading by themselves. However as you mentioned, making money via trading is indeed possible, for as long as there is one or another "tactic" in place to avoid major losses. Let me put it this way: if you do not have "natural gift" in trading, do not trade real money, period (everyone can test their "giftiness" using "funny money" test broker accounts). I myself am simply "in love" with trading and I did try doing it rather extensively, but no matter how much I wish I could do this, I am just not in the "positive territory" most of the time. For this reason I have no choice but to rely on the "gifted" ones to do trading for me and this is what I did. In my opinion, some people can, perhaps without even realizing this fully, be ahead of the mainstream thinking with their logical reasoning, which helps them to make correct vs. incorrect trading decisions with well above 0.5 factor on average. Carefully chosen traders combined with our unique technological setup (the trading platform) is basically the IncoForex "business tactic".
Q: How many people work for Incoforex? Where did you find those specialists? What is their qualification?
IncoForex: Besides 8 to12 traders working full time at any time (they do take obligatory breaks due to great deal of stress), we have a team of IT professionals providing software support, several customer support workers and I probably should not underestimate the importance of all participating, therefore contributing, investors.
Finding gifted trading specialists, while time consuming, was actually not such a difficult task, as there is a growing community of people interested and participating in foreign exchange market. There is plenty of subject specific discussion portals on the Internet, which was our source. The more crucial question which I believe IncoForex has solved, was to come up with and provide critical motivation and retentive incentives to such gifted individuals, so that the company would avoid facing their departure, once they become wealthy and decide to work exclusively for themselves. Unfortunately, such outcome is the logical outcome, which most
investment firms have to deal with until the new "rasing stars" are found, while under-performing in interim.
Q: You offer 7 investment plans. What are the most popular ones? What is the average amount invested? Do you plan to introduce any new plans?
IncoForex: We do have participants in all 7 investment plans, but I probably would be not accurate if I try to define the "popular" ones, because of the highly uneven general wealth distribution within the community of investors.
The emerging trend we do see at IncoForex is that people tend to make their initial deposits with the amounts closer to higher bracket of chosen plan and then use the compounding feature, thus "moving" their investment into the higher paying plan. For this reason, we feel that our current plans are welcomed by most investors, therefore we do not currently anticipate any restructuring of investment plans.
I would like to not quote the average amount invested, simply to let everyone to make their own decision that would fit best their own financial situation. I have already touched on the "mainstream thinking" subject earlier, but would say it again: following the mainstream is not always a good thing.
Q: What can you say about your audience? Who are your investors? Could you describe typical client of Incoforex?
IncoForex: Generally speaking, we do not collect detailed demographics data from our service participants, so I can not really provide too much details on this. I can say however that our current clients are coming from all over the world (we do examine our website traffic), which means that we have already established solid global presence and are very proud of it. I believe this achievement would not have been possible without our ability to offer investment services to investors of practically any level. Thus, traditional investment services require rather high initial capital for participation, while with the use of very cost effective third party payment processing services such as PerfectMoney, LibertyReserve and ECUMoney, we were able to open doors to any person from any financial and sociocultural background.
Q: Your website is translated into 5 languages. What about other languages? So, for example, Chinese language becomes extremely popular since the population of China gets more and more interested in online investment business.
IncoForex: Making website available in several languages is part of our "global reach" strategy and of course "breaking the language barrier" further is on company's agenda. In due time, we are certainly planning to continue international expansion, which includes China, but it does takes time and resources to do so.
Q: You accept 3 e-currencies and wire transfers so you can tell us without failure about people's preferences. Do people prefer Internet money or payments via banking system?
IncoForex: In concord with our own decision to use third party payment processing services as the most cost efficient deposit/withdrawal option, we see that the absolute majority prefers to use digital currencies. Low transfer fees, ease of use and sufficiently high security features are probably the main reasons for this choice for the most of us.
Q: Do you plan to introduce any new deposit/withdrawal options?
IncoForex: Those users wishing to make deposits and receive earnings via means other than what we offer as "Standard" options, may contact our support department individually and we then should be able to accommodate their requests. We do recognize that some alternative payment processing systems may be of convenience to some users for one or another reason. However, we at IncoForex, must account for an issue of higher transaction fees charged by some payment processors (and especially by exchange services), which appear to be cost prohibiting for our company operations. For this reason the use of additional payment processing means at IncoForex is done on individual, per request basis only and it is the subject of additional (not dependent on us) processing fees.
Q: What can you say about the current situation on the market? Do you see the signs of recovery? And what was crisis for you? Any difficulties or consequences?
IncoForex: The comment here will probably be a bit more expanded in scope than expected and I should also add that it is highly opinionated. The expressed here view is of course open to challenges and criticism, but I think it is important that people stay open-minded and take into good consideration alternative views, for the better objectivity of their own opinions and, in turn, their own life decisions.
We all know the actual geographical location of the "crisis" source, as well as the (no doubt) great deal of influence of its corresponding financial body on the rest of the world. However, unlike that in the past, for well documented by different nations true crisis situations, no crisis signs were apparent to the local average consumer at a time of its "announcement". People did not see or feel any shortcomings in their personal everyday lives at a time. No obvious signs of "current crisis", such as lack of foods and goods, were present and if not the media, no one would probably ever guessed about the existence of any financial hardship. It seems that the (indeed real) "crisis consequences", including those seen worldwide, came only later and therefore are a result of emotional reactions. This must also then mean that today the "recovery process" has all the grounds needed to proceed and this process is indeed in progress. Those following the economics news today, must have mentioned the increasingly clear "end of crisis" message coming from the media, which I think is the main "sign of recovery" with (now positive) emotions being the driver of the process.
There were no, and there is no effect of "current crisis" on operations of IncoForex, simply because major flat currencies cannot and will not just disappear or significantly devalue like this may happen for stock market shares. High volatility of any given currency is what traders need to
profit, not the other way around.
Q: What are your plans for the nearest future?
IncoForex: In addition to direct wealth sharing with participating investors, IncoForex Inc.is here to set the stage as aggressive, but highly reliable Alternative Investments source. Our message is that yielding much greater returns on investments than what is offered by conventional, governments controlled investment conglomerates, is possible.
Q: Do you have anything to say to our readers and to your devoted clients?
IncoForex: Investment opportunity seekers should be very careful about joining financial offers that are too good to be true and to not consider them as investments, but rather as gambling. It is common knowledge that gambling results are unpredictable by nature and that they are more likely to have worse than random outcome. Programs and financial services such as
IncoForex Inc. are technologically advanced and are built on solid investment idea and clear rationale. We wish everyone to invest wisely.
Q: Thank you for such an interesting interview. We wish you prosperity for Incoforex Inc and a constant progress!
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