When it gets tough, remember why you started in the first place.
If you are living in the same world I am, most of the things that are really worth it turn out to be a fair amount more difficult than initially thought.
Trading FOREX for me has been one of those things. I got started because I thought about WHAT IT WOULD BE LIKE, to be able to earn money on my laptop, anywhere in the world I was connected to internet. I thought to myself, ‘I would flip my screen open at a Starbucks in the northwest for an hour, gather up a few pips before heading out to the Mt.Hood Snowbowl for some fun ski runs.’ Or maybe I would grab up a couple hundred bucks while killing a few hours in the afternoon, visiting my dad in Colorado while we wait for friends to come over to dinner. Nothing would be better than earning some money, while on a trip in some exotic location, sitting in my boardshorts, drinking cool water and waiting for the wind to die down at the surf spot.
This ladies and gentleman was the fuel. There is always fuel required to instigate action of any type. Something fueled you!
The games begin. We meet the markets with optimism and enthusiasm. Weeks go by, months go by. My performance didn’t match my expectation. No problem, just push the target date out a bit further of when the goal will be realized. More time passes. My skills improve some. I think I’ve got it. I bump up my lot size, after all, if I want to make any meaningful money I need to get into a bigger lot size.
I make some bad decisions, I get a slap on the wrist. Doubt sets in. The target no longer seems to be anywhere in the foreseeable future. I forget about what this opportunity can really provide. I start to focus on the fact that its ‘just another way to make money,’ ohhh bother. SUDDENLY I snap out of it. NO, not this time. I have seen the power of the market. All of the evil doubts that take so many out of this game don’t have that affect on me. I start to concentrate. I remember all of what I have learned as a student, and stop focusing on all of the challenge that has also come with it. I start to perform better. I trust myself with more & more money. I am now in a cabana in Nicaragua. I take one trade and it more than pays for the cost of my stay. My dream is realized.
If you haven’t made it past the point of no return, REMEMBER what it was about trading that you wanted badly enough to make you start. If you’re not yet there, you’re probably closer than you think!
It is not everyday that you really get to feel all of your hard work pay off. When I started currency trading 3 years ago, it was hard. There was a learning curve, and at times it seemed daunting and elusive to actually be successful at trading.
I really believe that when attempting anything new, there is going to be a period of time where you just suck at it. When you are a person who really likes to win, it can be difficult to attempt new things. The trick is that you simply need to accept the fact that you are a rookie, a noob, a kook or whatever and that you are not going to be killing it one month out of the gate.
Trading currencies has been a game changer for me. Coming from the sales and marketing world, investing in general seemed to be for brainiac types who were really good at numbers. I knew that I could always make money in a situation where there was something to sell, but could i have the same success as an investor, or as a FOREX Trader?
When I first found the Forex market I was vacationing in Bali Indonesia on a surf trip. On a day where there wasn’t any surf to be had, I started looking for ways to make money from a laptop…. (Watch the video, it will explain the rest so I can get on with my story)
Once I found the market and made my first couple hundred dollars before the sun came up one random morning, I was hooked! Unfortunately I never took in to consideration that in order to win at trading, you are going to take losses, and I was a guy who didn’t like to lose. I proceeded down a losing spiral of lost profits and nearly decimated my entire trading account in less then a months time.
I took a break from trading and was feeling pretty beat up by the market. Losing can really screw with you when catch a bad streak like I did. I was not prepared for the emotional turmoil that ensued. Unlike anything I had attempted before, currency trading required me do adopt a high level of emotional intelligence in order to be successful at it. So I got back up, dusted myself off, and got back to it.
I went back to the school where I had originally learned how to trade. I went through the course again with no expectations and a new willingness to learn.
The curriculum didn’t change, my perspective did. This time around, I was a lot more humble. After all I got my ass kicked. After putting in 6 months of hard work in, I starting to see some positive results in the form of substantial equity growth in my account. I was ready to take the show on the road, and see if I could really do this from anywhere in the world.
I headed down to Nicaragua with my girlfriend with 3 goals in mind:
I scored big time. The surf was macking, and I was pretty sure my girlfriend was going to say yes to marrying me. I was just waiting for the right moment to propose. I started doing my pre-sessions & technical analysis on the market looking for some trades one morning, and then just like that, a couple trade set ups presented themselves and I pulled the trigger!
I closed my laptop, ordered an iced coffee and just sat for 10 minutes staring at the ocean and feeling like I had just pulled off a huge victory! I soaked it up, I proved that not only could I trade, but I could do it from a shitty hostel with bad wifi in Central America. Later that evening, I asked my girlfriend to marry me and she said yes.
So I got 2 out of 3 of my goals done. Even though $1,300 was not enough to cover the entire trip, I felt like $1,300 for 15 minutes of my time was well worth taking the rest of the trip for myself and to celebrate my new engagement. Besides, the surf was macking remember!
The moral of the story is that If you put your mind to something and stick with it, you can do it. The path to success is not linear, but it follows a trend!
If you want to know more about how you can become a currency trader and make profits in the market from a lap top anywhere in the world click the logo below and find out more about the FX365 Institute!
This is a topic that has been… dare I say… exhausted in recent years, and for good reason. The ‘new economy’ as we know it has been a launching point for new opportunities that never existed to generations before now.
While some people these days still have aspirations to work for a ‘good’ company and advance their way up the corporate ladder, anchored in the promise of ‘stability’ and ‘security,’ more people today are recognizing that life today doesn’t have to be the same as it was lived by the generations before us.
Surely, whether it be a byproduct of having a certain nature, or whether the desire arises as a result of being overwhelmed by the ‘real world,’ at some point in our adult lives almost everybody has had the urge to just get rid of it all and get away. The especially wanderlust-y types certainly have felt the urge to maybe take up living in a winnebago and making home a box on wheels. Others have entertained the idea of just missing the flight home from Maui, buying a boat and going into the tourism business. And others yet have different ideas.
If you open up any social media, or even yahoo news these days, its not uncommon to find articles titled, ‘how I paid off 6-figures of student debt while traveling to 58 countries,’ or ‘why I gave up my 6-figure job to travel and am happier than ever.’
While one man’s misfortune can be anothers opportunity, it can be hard to make any type of viable connection between some of the characters in these articles and ourselves. There seems to always be extenuating circumstances that somehow make their dream more obtainable than our own. You know what I’m talking about, the ‘why I gave up my 6-figure job’ guy actually was the founder of a dotcom business that he decided to sell his stake in and has a 7-figure lump sum to invest & travel with now.
Or the gypsy-esque character who has been lost in Asia just happened to be a former editor of a travel magazine who also happened to run a multi-million subscriber blog that they just happened to decide to put more attention into and voila, success and traveling is theirs.
So for the rest of us, who don’t already have assets to liquidate, or a business that already operates online, but still have the same dream to just leave it all behind and travel the beaches of Mexico in a van, or head on down to Australia and motor from the rough coasts of west Oz to the opera houses of Sydney, what do we do?
Well, we go to school at the Fx365 Institute, and we learn how to trade the FOREX. It just so happens to be the biggest financial market in the world, it moves up and down every single day, and you can trade it in both directions in just about any currency/country you like. You need some know-how, a computer, charts & internet and with a little pain, sweat and tears, it just might be the thing that sends you on your very own lifetime sabbatical!
by Payton Parnegg
Learn more @ www.Forex365Institute.com
I once heard a great speaker say ‘Everyone has a life…Style is how you live it.’
All too often, many people of the western world are pigeon-holed into a life to which they awake to one day, and find that they aren’t as happy as maybe they thought they would be.
This is a result of a model that looks something like this:
‘What are you going to BE’ ——> ‘seek appropriate education’ ——> ‘Earn said lifestyle’
This usually results optimistically in something like this…
‘Doctor’ —> ‘12years education/$300,000 debt’ —> ‘Practice medicine full-time/earn $200,000’
‘Teacher’ —> ‘6 years education/$120,000 debt’ —> ‘Teach/earn $50,000’
While I am in no way criticizing any profession, what I want to bring to your attention is the idea that only the elite few follow this line of thinking and end up in a satisfying life.
An alternative to this would be:
‘I want to have the income to have nice cars & houses, the flexibility to travel, unlimited income, time freedom’
—> ‘who has those things? Traders, entrepreneurs, real estate landlords, etc…’
—> ‘what is something that I CAN do to be in that position?’ —> ‘find someone who does that, learn from them and do that.’
While trading Foreign Currency is certainly not the only way to achieve this attractive idea of unlimited income AND time freedom, it is definitely A vehicle that can get you started down that road, and is ESPECIALLY attractive for people who may not have unlimited time or resources to start a business of their own, especially if they are already working full-time.
The Forex365Institute is a place where you can learn a new skillset, that can help you produce a new result in your life, and most excitingly is something that can be learned PART-TIME, in addition to what you are already doing.
visit www.Forex365Institute.com to learn more about our exclusive software, our specialized courses, and to speak with our Director of Enrollment.