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.
So you’ve been trading for a while? Are you making any money yet? Really?
If you are earning consistent gains in your account and have figured out a personal frame work to grow your account, then disregard this writing. If NOT, read on.
Looking at compounded account growth on a spreadsheet seeing how lucrative it would be to ‘lot up’ weekly and bypass small withdrawals seems like a no brainer. Why then do the vast majority never accomplish this?
Remember how here at the Forex365Institute we teach that trading is 90% psychological? Let’s look at a psychological effect that can take place if you are of the mindset that you are going to compound a small account. Take for example Trader A and Trader B.
Trader A makes his initial deposit. This is usually between a few hundred and a few thousand dollars. Game on. His account grows. At this size of account, he is trading between a $1 and$5 pip. He has an amazing month. He pulls over 200 pips. This nets him a profit of over $500.
He tells himself, ‘I am on my way to the big bucks!’
The next month the market ranges out for a few weeks. Trader A enters a slump and eats up most of his profits by trading aggressively on a lot size higher than month 1. He is fueled by the excitement of running up his account, and soon by the frustration of not repeating month 1’s performance. The losses are overlooked because, ‘Hey, at least it was the houses money.’ Months of this purposing follows. Friends and family ask about trading. He’s embarrassed. His subconscious mind starts to disconnect from the money he deposited initially, and worse, from the hope that fueled the journey to learn to trade.
A year goes by. Trader A has lost his enthusiasm, his confidence. Life is frustrating.
Trader B trades opens a $1000 dollar account and expects very conservative growth. 45 net pips/month is AMAZING to her. She easily achieves this and WITHDRAWALS her small profit. She takes her $150 dollars and treats her husband to a fun date, courtesy of her FOREX profits.
He encourages her to continue waking up early and is happy to help. The next month, she looks patiently for set-ups she trusts. Her account grows again. This time, she treats herself to a car detail. Now she is rolling in evergreen scented bliss courtesy of her efforts in FOREX. Her subconscious mind loves trading.
Trader A is looking on scornfully, because after all, he didn’t come here to make $150 a month. After a year of achieving her $150/month profit, Trader B receives a nice $5000 dollar tax return. She trusts herself completely to use this money to trade. Immediately, her profits go from $150 to $700+ dollars/mo. This affords her the ability to take a vacation and she hasn’t taken a vacation in years. Her friends want to know more about that FOREX thing. Life is good, and the future looks bright.
End of story.
The point of this story is not to tell you how to manage your money. It is however, something worth considering if you have been trading for a while and feel like Trader A. Maybe, just maybe, the tortoise who isn’t consumed by the greed of the lot ladder, is the one who ironically wins this race.
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Is your Income keeping up with your life? So here we go. In the 40’s, 50’s, 60’s, economically, life was good for the ‘middle class.’ It was common to learn a trade that would be of value to your community, and, provided you stayed healthy and could work, this gave you some financial security. Many people also realized that if they sold their time and skill to a corporation during the advent of the union, the ‘company man,’ pensions and retirements could also create some economic certainty for them in their personal life. But alas, the world changed. Somewhere we went wrong. The masses soon became fixated on the notion that in order for things to be OK, the model of ‘success’ and ‘security’ that they were accustomed to needed to be repaired and preserved. I propose that the question that needed to be asked instead was not, ‘how can we go back to what worked?’ but ‘how can I develop a new income producing skill, one that could have an even higher level of security, flexibility & freedom?’ This is where trading FOREX enters. I can make no promises regarding the future of any economy having long-term sustainability. Anyone that is at all in ‘the know’ these days understands that ‘safe is the new risky.’ So you look at the idea of trading FOREX, and start to consider some of the factors of why this unconventional business endeavor could actually be your new SAFE. If ANY economy in the world crashes, it doesn’t matter to a FOREX trader, in fact it creates volatility and volatility creates opportunity. If there was an entire economic collapse in a country to the point where there was a true depression, no worries, the FOREX as a market is not reliant on one country the way that say the NYSE is. Worst case, you could just move to another country of your choosing and provided that they have internet and you have your software, you could open a foreign trading account and go on making money, business as usual. In fact, about the only scenario that would derail this interesting and misunderstood market, is the total collapse of the use of money at all anywhere in the world. We would have to revert to a complete world of trade and barter with no currency at all for that to happen. Or the internet would have to end. If that happens, I think its safe to say, we’ve got bigger issues. Now in our lifetimes is it likely that the economic landscape of countries as we know them presently could shift dramatically? Absolutely. Is it likely that money altogether is just going to end; along with computers and the internet? Very unlikely. So what would it mean to you in your life if you took the time to learn a new skill set that could create a new level of security? And while we’re at it, what if this skill set could compensate you geometrically so that inflation was no longer a threat to your quality of life? Is that something that would be worth the energy and effort? I say yes. Visit www.Forex365Institute.com to learn the new skill you could start earning with today!
Society has us trained to believe there is only one way to make money. We have to get up early, and come home late. Miss our kid’s soccer games, and save up our vacation days to take a 3 day vacation an hour away from home and even then, we need to bring our laptops just so we don’t get too behind on our work load. I am happy to announce, this is only one way (and unfortunately the most common way) to make money. But it isn’t the only way. We don’t all have to be stuck in the same routine. If you want to travel the world, do it! And if you don’t feel well, take the week off! Forex Trading is a great way to make money. You can work while traveling the world or while your kids are in school. As long as you have a computer and access to the internet, you’re in business. This is why Forex Trading is becoming more popular, because it gives you the opportunity to live without having those work strings attached. You have freedom and control over your entire schedule. Sounds dreamy right?
So how do you get started? If you want to start your journey to being a professional trader, you should start at FX365i. The environment is very welcoming and open and the staff is very knowledgeable and experienced. They have an awesome classroom and daily live virtual feed for their students and if you look at their business model, you’d know they want their students to succeed.
Of course, I am speaking from an outside perspective. I am not a professional trader, in fact have not even started my course at FX365i. But, I have been interning for the company for a few months now and can confidently confirm that this institute is a community of genuine people who love what they do. Every time I walk into a room to someone I don’t know, they are more than eager to reach their hand out and have a conversation. What a great environment right!? That’s the kind of environment you want to be in to learn. One where people are friendly and where you feel comfortable to ask questions. And let me tell you, this is the place that meets all those criteria!
I am planning to go through FX365i after I finish school. I cannot wait to finally understand what a pip is and to really understand the market, and, of course I cannot wait to find out why everyone makes a big deal out of the psychology behind trading! I can tell from reading the blogs it’s going to be a long journey full of learning and hard work. But by keeping my goals in mind, hopefully one day I’ll be able to live the dream everyone is talking about!
Good Luck Traders!
If you are thinking about trying your hand at currency trading, then there are a couple natural talents and or interests that people who make great traders have. As you read through the 7 signs and find that you are a match, then that natural ability coupled with the correct training will give you a clear advantage when it comes to trading the markets!
Here is the list:
Now if you found that you met 4 out of 7 signs, don’t fret, you are still in luck. Things like emotional stability, work ethic, and humility can be learned over time as long as you are willing to put in the work to learn.
Here at the FX365 Institute, we specialize in teaching everyday folks how to become ninja traders in the market. We have found that when a student is willing to do what ever it takes to learn to trade, we as an institution can help get them across the finish line.
Think of it like this, if you are trying to get in shape, hire the best trainer and nutritionist to plan your meals and help you work out correctly you will have all of the tools you need to get in shape. If you never show up to the gym and eat correctly, you will never see the results.
Learning to become a profitable trader is exactly the same. We can provide you software, instruction, mentorship, access to our trading community but at the end of the day, if you don’t show up and put in screen time, you will never make it even if you have matched all 7 signs!