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Forex Trading Lessons: A Must For Forex Beginners

Forex Trading Lessons: A Must For Forex Beginners
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Can I do an M.A in Computer Science in Canada with a B.A in Civil Engineering with GPA 2.58 out of 4?

Hi everyone,
My first post here.
I am planning to do a master's degree in Canada hoping to be able to get a job afterwards and be able to live there permanently. The first big question for me is what to study.
Luckily or unluckily, it's clear to me that I really don't want to do another engineering degree. I am a terrible Civil Engineer. In fact, I have been a full-time English teacher for the past 6 years but I have about 3 years of experience in construction.
I've always been interested in computers and I am better than an average user. I am able to think logically which I have heard is an important skill to have in computer science. I am also learning Python to see how well I can handle the coding. But the real question is would an average or even below average uni (but legit) in Canada let me to an M.A in Computer Science? Here's my profile:
I am still not very sure if I study computer but this is just the best option so far because later I can apply this to many other things. (I am learning Forex, too.)
Also, I was wondering if any of you guys knows about jobs for people who graduate from computer in Canada. I mean, the main reason I want to do an M.A is to find a way to enter Canada and be able to stay there but I want to have a good job and be productive, too.
I apologize if your head is exploding after reading this but this is who I am and I am as lost as you see. Anything can help :)
submitted by memehrdad to csMajors [link] [comments]

What to study in Canada

Hi everyone,
My first post here.
I am planning to do an M.A in Canada hoping to be able to get a job there and to live there permanently. This is going to be a very challenging and somewhat long experience and the first issue is that I don't know what I want to/should/need to study. :/
I really don't know where to start and if I should do something I like or do something that is in demand. I was thinking maybe I can describe my qualifications and interests here for you guys to take a look and let me know what you think. I really appreciate any suggestions/ideas.
There are also things to consider and things I'm not sure about that makes choosing what to do more complicated for me.
I'm really sorry if you're head is exploding after reading this but I'm really confused and feel pretty bad that I don't know what I want to do with my life considering trying to jobs already.
Your opinion can help a lot. Maybe you guys can show me a way to be able to realize what I should study.

Thank you very much for your time.
submitted by memehrdad to ImmigrationCanada [link] [comments]

Forex Trading Class

Hello Guys! I have been thinking of taking forex classes, I’ve been interested with it for such a long time and only now have I considered and really thought it through.
So I looked around and saw Leo Advantage which offers classes around 40k. I wanted to ask the following.
  1. Has anyone been a member of the org and actually tried trading using their system?
  2. Anybody here reached Level 2 or 3 and been profitable?
It seems like a TP to SL ratio of 1:5 is very difficult to recover from. Hope you guys can give your two cents about this! And if you know other teachers who are effective, please feel free to reco. Thank you!
submitted by curiouscat092 to phinvest [link] [comments]

What to study for Master's Degree in Canada.

Hi everyone,
My first post here.
I am planning to do an M.A in Canada hoping to be able to get a job there and to live there permanently. This is going to be a very challenging and somewhat long experience and the first issue is that I don't know what I want to/should/need to study. :/
I really don't know where to start and if I should do something I like or do something that is in demand. I was thinking maybe I can describe my qualifications and interests here for you guys to take a look and let me know what you think. I really appreciate any suggestions/ideas.
There are also things to consider and things I'm not sure about that makes choosing what to do more complicated for me.
I'm really sorry if you're head is exploding after reading this but I'm really confused and feel pretty bad that I don't know what I want to do with my life considering trying to jobs already.
Your opinion can help a lot. Maybe you guys can show me a way to be able to realize what I should study.

Thank you very much for your time.
submitted by memehrdad to study [link] [comments]

Everything You Always Wanted To Know About Swaps* (*But Were Afraid To Ask)

Hello, dummies
It's your old pal, Fuzzy.
As I'm sure you've all noticed, a lot of the stuff that gets posted here is - to put it delicately - fucking ridiculous. More backwards-ass shit gets posted to wallstreetbets than you'd see on a Westboro Baptist community message board. I mean, I had a look at the daily thread yesterday and..... yeesh. I know, I know. We all make like the divine Laura Dern circa 1992 on the daily and stick our hands deep into this steaming heap of shit to find the nuggets of valuable and/or hilarious information within (thanks for reading, BTW). I agree. I love it just the way it is too. That's what makes WSB great.
What I'm getting at is that a lot of the stuff that gets posted here - notwithstanding it being funny or interesting - is just... wrong. Like, fucking your cousin wrong. And to be clear, I mean the fucking your *first* cousin kinda wrong, before my Southerners in the back get all het up (simmer down, Billy Ray - I know Mabel's twice removed on your grand-sister's side). Truly, I try to let it slide. I do my bit to try and put you on the right path. Most of the time, I sleep easy no matter how badly I've seen someone explain what a bank liquidity crisis is. But out of all of those tens of thousands of misguided, autistic attempts at understanding the world of high finance, one thing gets so consistently - so *emphatically* - fucked up and misunderstood by you retards that last night I felt obligated at the end of a long work day to pull together this edition of Finance with Fuzzy just for you. It's so serious I'm not even going to make a u/pokimane gag. Have you guessed what it is yet? Here's a clue. It's in the title of the post.
That's right, friends. Today in the neighborhood we're going to talk all about hedging in financial markets - spots, swaps, collars, forwards, CDS, synthetic CDOs, all that fun shit. Don't worry; I'm going to explain what all the scary words mean and how they impact your OTM RH positions along the way.
We're going to break it down like this. (1) "What's a hedge, Fuzzy?" (2) Common Hedging Strategies and (3) All About ISDAs and Credit Default Swaps.
Before we begin. For the nerds and JV traders in the back (and anyone else who needs to hear this up front) - I am simplifying these descriptions for the purposes of this post. I am also obviously not going to try and cover every exotic form of hedge under the sun or give a detailed summation of what caused the financial crisis. If you are interested in something specific ask a question, but don't try and impress me with your Investopedia skills or technical points I didn't cover; I will just be forced to flex my years of IRL experience on you in the comments and you'll look like a big dummy.
TL;DR? Fuck you. There is no TL;DR. You've come this far already. What's a few more paragraphs? Put down the Cheetos and try to concentrate for the next 5-7 minutes. You'll learn something, and I promise I'll be gentle.
Ready? Let's get started.
1. The Tao of Risk: Hedging as a Way of Life
The simplest way to characterize what a hedge 'is' is to imagine every action having a binary outcome. One is bad, one is good. Red lines, green lines; uppie, downie. With me so far? Good. A 'hedge' is simply the employment of a strategy to mitigate the effect of your action having the wrong binary outcome. You wanted X, but you got Z! Frowny face. A hedge strategy introduces a third outcome. If you hedged against the possibility of Z happening, then you can wind up with Y instead. Not as good as X, but not as bad as Z. The technical definition I like to give my idiot juniors is as follows:
Utilization of a defensive strategy to mitigate risk, at a fraction of the cost to capital of the risk itself.
Congratulations. You just finished Hedging 101. "But Fuzzy, that's easy! I just sold a naked call against my 95% OTM put! I'm adequately hedged!". Spoiler alert: you're not (although good work on executing a collar, which I describe below). What I'm talking about here is what would be referred to as a 'perfect hedge'; a binary outcome where downside is totally mitigated by a risk management strategy. That's not how it works IRL. Pay attention; this is the tricky part.
You can't take a single position and conclude that you're adequately hedged because risks are fluid, not static. So you need to constantly adjust your position in order to maximize the value of the hedge and insure your position. You also need to consider exposure to more than one category of risk. There are micro (specific exposure) risks, and macro (trend exposure) risks, and both need to factor into the hedge calculus.
That's why, in the real world, the value of hedging depends entirely on the design of the hedging strategy itself. Here, when we say "value" of the hedge, we're not talking about cash money - we're talking about the intrinsic value of the hedge relative to the the risk profile of your underlying exposure. To achieve this, people hedge dynamically. In wallstreetbets terms, this means that as the value of your position changes, you need to change your hedges too. The idea is to efficiently and continuously distribute and rebalance risk across different states and periods, taking value from states in which the marginal cost of the hedge is low and putting it back into states where marginal cost of the hedge is high, until the shadow value of your underlying exposure is equalized across your positions. The punchline, I guess, is that one static position is a hedge in the same way that the finger paintings you make for your wife's boyfriend are art - it's technically correct, but you're only playing yourself by believing it.
Anyway. Obviously doing this as a small potatoes trader is hard but it's worth taking into account. Enough basic shit. So how does this work in markets?
2. A Hedging Taxonomy
The best place to start here is a practical question. What does a business need to hedge against? Think about the specific risk that an individual business faces. These are legion, so I'm just going to list a few of the key ones that apply to most corporates. (1) You have commodity risk for the shit you buy or the shit you use. (2) You have currency risk for the money you borrow. (3) You have rate risk on the debt you carry. (4) You have offtake risk for the shit you sell. Complicated, right? To help address the many and varied ways that shit can go wrong in a sophisticated market, smart operators like yours truly have devised a whole bundle of different instruments which can help you manage the risk. I might write about some of the more complicated ones in a later post if people are interested (CDO/CLOs, strip/stack hedges and bond swaps with option toggles come to mind) but let's stick to the basics for now.
(i) Swaps
A swap is one of the most common forms of hedge instrument, and they're used by pretty much everyone that can afford them. The language is complicated but the concept isn't, so pay attention and you'll be fine. This is the most important part of this section so it'll be the longest one.
Swaps are derivative contracts with two counterparties (before you ask, you can't trade 'em on an exchange - they're OTC instruments only). They're used to exchange one cash flow for another cash flow of equal expected value; doing this allows you to take speculative positions on certain financial prices or to alter the cash flows of existing assets or liabilities within a business. "Wait, Fuzz; slow down! What do you mean sets of cash flows?". Fear not, little autist. Ol' Fuzz has you covered.
The cash flows I'm talking about are referred to in swap-land as 'legs'. One leg is fixed - a set payment that's the same every time it gets paid - and the other is variable - it fluctuates (typically indexed off the price of the underlying risk that you are speculating on / protecting against). You set it up at the start so that they're notionally equal and the two legs net off; so at open, the swap is a zero NPV instrument. Here's where the fun starts. If the price that you based the variable leg of the swap on changes, the value of the swap will shift; the party on the wrong side of the move ponies up via the variable payment. It's a zero sum game.
I'll give you an example using the most vanilla swap around; an interest rate trade. Here's how it works. You borrow money from a bank, and they charge you a rate of interest. You lock the rate up front, because you're smart like that. But then - quelle surprise! - the rate gets better after you borrow. Now you're bagholding to the tune of, I don't know, 5 bps. Doesn't sound like much but on a billion dollar loan that's a lot of money (a classic example of the kind of 'small, deep hole' that's terrible for profits). Now, if you had a swap contract on the rate before you entered the trade, you're set; if the rate goes down, you get a payment under the swap. If it goes up, whatever payment you're making to the bank is netted off by the fact that you're borrowing at a sub-market rate. Win-win! Or, at least, Lose Less / Lose Less. That's the name of the game in hedging.
There are many different kinds of swaps, some of which are pretty exotic; but they're all different variations on the same theme. If your business has exposure to something which fluctuates in price, you trade swaps to hedge against the fluctuation. The valuation of swaps is also super interesting but I guarantee you that 99% of you won't understand it so I'm not going to try and explain it here although I encourage you to google it if you're interested.
Because they're OTC, none of them are filed publicly. Someeeeeetimes you see an ISDA (dsicussed below) but the confirms themselves (the individual swaps) are not filed. You can usually read about the hedging strategy in a 10-K, though. For what it's worth, most modern credit agreements ban speculative hedging. Top tip: This is occasionally something worth checking in credit agreements when you invest in businesses that are debt issuers - being able to do this increases the risk profile significantly and is particularly important in times of economic volatility (ctrl+f "non-speculative" in the credit agreement to be sure).
(ii) Forwards
A forward is a contract made today for the future delivery of an asset at a pre-agreed price. That's it. "But Fuzzy! That sounds just like a futures contract!". I know. Confusing, right? Just like a futures trade, forwards are generally used in commodity or forex land to protect against price fluctuations. The differences between forwards and futures are small but significant. I'm not going to go into super boring detail because I don't think many of you are commodities traders but it is still an important thing to understand even if you're just an RH jockey, so stick with me.
Just like swaps, forwards are OTC contracts - they're not publicly traded. This is distinct from futures, which are traded on exchanges (see The Ballad Of Big Dick Vick for some more color on this). In a forward, no money changes hands until the maturity date of the contract when delivery and receipt are carried out; price and quantity are locked in from day 1. As you now know having read about BDV, futures are marked to market daily, and normally people close them out with synthetic settlement using an inverse position. They're also liquid, and that makes them easier to unwind or close out in case shit goes sideways.
People use forwards when they absolutely have to get rid of the thing they made (or take delivery of the thing they need). If you're a miner, or a farmer, you use this shit to make sure that at the end of the production cycle, you can get rid of the shit you made (and you won't get fucked by someone taking cash settlement over delivery). If you're a buyer, you use them to guarantee that you'll get whatever the shit is that you'll need at a price agreed in advance. Because they're OTC, you can also exactly tailor them to the requirements of your particular circumstances.
These contracts are incredibly byzantine (and there are even crazier synthetic forwards you can see in money markets for the true degenerate fund managers). In my experience, only Texan oilfield magnates, commodities traders, and the weirdo forex crowd fuck with them. I (i) do not own a 10 gallon hat or a novelty size belt buckle (ii) do not wake up in the middle of the night freaking out about the price of pork fat and (iii) love greenbacks too much to care about other countries' monopoly money, so I don't fuck with them.
(iii) Collars
No, not the kind your wife is encouraging you to wear try out to 'spice things up' in the bedroom during quarantine. Collars are actually the hedging strategy most applicable to WSB. Collars deal with options! Hooray!
To execute a basic collar (also called a wrapper by tea-drinking Brits and people from the Antipodes), you buy an out of the money put while simultaneously writing a covered call on the same equity. The put protects your position against price drops and writing the call produces income that offsets the put premium. Doing this limits your tendies (you can only profit up to the strike price of the call) but also writes down your risk. If you screen large volume trades with a VOL/OI of more than 3 or 4x (and they're not bullshit biotech stocks), you can sometimes see these being constructed in real time as hedge funds protect themselves on their shorts.
(3) All About ISDAs, CDS and Synthetic CDOs
You may have heard about the mythical ISDA. Much like an indenture (discussed in my post on $F), it's a magic legal machine that lets you build swaps via trade confirms with a willing counterparty. They are very complicated legal documents and you need to be a true expert to fuck with them. Fortunately, I am, so I do. They're made of two parts; a Master (which is a form agreement that's always the same) and a Schedule (which amends the Master to include your specific terms). They are also the engine behind just about every major credit crunch of the last 10+ years.
First - a brief explainer. An ISDA is a not in and of itself a hedge - it's an umbrella contract that governs the terms of your swaps, which you use to construct your hedge position. You can trade commodities, forex, rates, whatever, all under the same ISDA.
Let me explain. Remember when we talked about swaps? Right. So. You can trade swaps on just about anything. In the late 90s and early 2000s, people had the smart idea of using other people's debt and or credit ratings as the variable leg of swap documentation. These are called credit default swaps. I was actually starting out at a bank during this time and, I gotta tell you, the only thing I can compare people's enthusiasm for this shit to was that moment in your early teens when you discover jerking off. Except, unlike your bathroom bound shame sessions to Mom's Sears catalogue, every single person you know felt that way too; and they're all doing it at once. It was a fiscal circlejerk of epic proportions, and the financial crisis was the inevitable bukkake finish. WSB autism is absolutely no comparison for the enthusiasm people had during this time for lighting each other's money on fire.
Here's how it works. You pick a company. Any company. Maybe even your own! And then you write a swap. In the swap, you define "Credit Event" with respect to that company's debt as the variable leg . And you write in... whatever you want. A ratings downgrade, default under the docs, failure to meet a leverage ratio or FCCR for a certain testing period... whatever. Now, this started out as a hedge position, just like we discussed above. The purest of intentions, of course. But then people realized - if bad shit happens, you make money. And banks... don't like calling in loans or forcing bankruptcies. Can you smell what the moral hazard is cooking?
Enter synthetic CDOs. CDOs are basically pools of asset backed securities that invest in debt (loans or bonds). They've been around for a minute but they got famous in the 2000s because a shitload of them containing subprime mortgage debt went belly up in 2008. This got a lot of publicity because a lot of sad looking rednecks got foreclosed on and were interviewed on CNBC. "OH!", the people cried. "Look at those big bad bankers buying up subprime loans! They caused this!". Wrong answer, America. The debt wasn't the problem. What a lot of people don't realize is that the real meat of the problem was not in regular way CDOs investing in bundles of shit mortgage debts in synthetic CDOs investing in CDS predicated on that debt. They're synthetic because they don't have a stake in the actual underlying debt; just the instruments riding on the coattails. The reason these are so popular (and remain so) is that smart structured attorneys and bankers like your faithful correspondent realized that an even more profitable and efficient way of building high yield products with limited downside was investing in instruments that profit from failure of debt and in instruments that rely on that debt and then hedging that exposure with other CDS instruments in paired trades, and on and on up the chain. The problem with doing this was that everyone wound up exposed to everybody else's books as a result, and when one went tits up, everybody did. Hence, recession, Basel III, etc. Thanks, Obama.
Heavy investment in CDS can also have a warping effect on the price of debt (something else that happened during the pre-financial crisis years and is starting to happen again now). This happens in three different ways. (1) Investors who previously were long on the debt hedge their position by selling CDS protection on the underlying, putting downward pressure on the debt price. (2) Investors who previously shorted the debt switch to buying CDS protection because the relatively illiquid debt (partic. when its a bond) trades at a discount below par compared to the CDS. The resulting reduction in short selling puts upward pressure on the bond price. (3) The delta in price and actual value of the debt tempts some investors to become NBTs (neg basis traders) who long the debt and purchase CDS protection. If traders can't take leverage, nothing happens to the price of the debt. If basis traders can take leverage (which is nearly always the case because they're holding a hedged position), they can push up or depress the debt price, goosing swap premiums etc. Anyway. Enough technical details.
I could keep going. This is a fascinating topic that is very poorly understood and explained, mainly because the people that caused it all still work on the street and use the same tactics today (it's also terribly taught at business schools because none of the teachers were actually around to see how this played out live). But it relates to the topic of today's lesson, so I thought I'd include it here.
Work depending, I'll be back next week with a covenant breakdown. Most upvoted ticker gets the post.
*EDIT 1\* In a total blowout, $PLAY won. So it's D&B time next week. Post will drop Monday at market open.
submitted by fuzzyblankeet to wallstreetbets [link] [comments]

What to study in grad school? [civil engineer + English teacher}

Hi everyone,
My first post here.
I am planning to do an M.A in Canada hoping to be able to get a job there and to live there permanently. This is going to be a very challenging and somewhat long experience and the first issue is that I don't know what I want to/should/need to study. :/
I really don't know where to start and if I should do something I like or do something that is in demand. I was thinking maybe I can describe my qualifications and interests here for you guys to take a look and let me know what you think. I really appreciate any suggestions/ideas.
There are also things to consider and things I'm not sure about that makes choosing what to do more complicated for me.
  1. Since I really don't like engineering and because I am simply not a good engineer, I really don't want to have to do anything with engineering.
  2. Is teaching English in Canada a viable option in Canada for a non-native English speaker?
  3. Can I do an M.A in finance with a terrible B.A in civil engineering?
  4. Is finance an in-demand profession in Canada?
  5. Should I go to Canada as an Engineering student and change majors later?
I'm really sorry if you're head is exploding after reading this but I'm really confused and feel pretty bad that I don't know what I want to do with my life considering trying to jobs already.
Your opinion can help a lot. Maybe you guys can show me a way to be able to realize what I should study.
Thank you very much for your time.
submitted by memehrdad to GradSchool [link] [comments]

7 Ways To Make Money In The Pandemic

During this pandemic, so many companies have gone bankrupt, so that many employees have been fired by the company. Entertainment places, shopping places, and even places of worship are temporarily closed. And now, there are more and more unemployed people in this pandemic. Then, how to find the most suitable job in this situation. I will provide a list of jobs that might help you, especially those of you who lost your current job.
1. Freelancers
For those of you who want to get a job without having to leave the house, you can try this job. You can become a writer, web designer, product designer, logo creator, and more. You are free to choose a job according to the skills you have.
2. Become a creator on YouTube
This job is also very suitable at this time of the pandemic. By making videos, you can make money easily. However, if you want to be paid by YouTube, you have to reach 1000 subscribers and 4000 broadcast hours. It's not difficult if you can make a really interesting video. Make the video as good as possible so that your video is fast monetization.
3. Forex
You also make money easily by trading forex. However, before you want to trade in forex, you must know how to know about trading. Because if you don't know the knowledge and procedures first, you will lose and you will not make money.
4. Become a reseller
Selling other people's products to get profit from the profit-sharing between the seller and you. You don't need to keep stock of the items you have to sell. You only need social media, you can make money by sharing product links from sellers to your social media accounts. And if later you have friends or relatives who want to buy the products that you have shared, then you will get a commission from the sale of these items.
5. Play games
Sometimes games are seen as useless for adults like us. However, who would have thought that games could also make money. By playing games, you can get money easily and quickly. There are many choices of games that you can play, and you can use them as a place to find a passive.
6. Become a Courier
Since the COVID 19 pandemic began to spread, everyone who ordered them to stay at home, avoid crowds of people, and even places of worship have been temporarily closed. If everyone is ordered to stay at home, then what about the family's food needs. One solution is to shop at an online store. When everyone uses the online shop, isn't this a great opportunity for a package delivery courier. Very profitable, right? Being a courier in this pandemic situation is a great opportunity for those of you who lose your job.
7. Become a tutor
If you know science, math, and other skills, now is a great opportunity for you. Because everyone was ordered to stay at home, all places were closed, even schools were closed. Being a teacher today is a very good business opportunity. Because all students in school all requests to study at home. And a student needs guidance. And this is your opportunity to mentor a student.
submitted by demisky01 to u/demisky01 [link] [comments]

Forex Trading in Kenya.

Someone posted on here a few days ago asking about forex and forex trading in Kenya, I have gone through the responses and clearly, most people don’t have an idea. It is 3am in the morning and am in a good mood so let me make this post. This will be a comprehensive and lengthy post so grab a pen and paper and sit down. We’ll be here a while.
FIRST OF ALL, who am I..?
I am a forex trader, in Nairobi, Kenya..i have been actively involved in forex since I found out about it in Feb 2016 when I somehow ended up in a wealth creation seminar (lol) in pride inn Westlands, the one close to Mpaka Rd. Luckily for me, it was not one of those AIM global meetings or I’d be on Facebook selling God knows what those guys sell. I did not take it seriously till August of the same year and I have been active ever since.
I don’t teach, mentor or sell a course or signals, I trade my own money. I am also posting from a throwaway account because I don’t want KRA on my ass.
What the fuck is forex and forex trading.
In simple plain English, forex is like the stock market but for currencies. Stock Market = Shares, forex = currencies. If you want more in-depth explanation, google is your friend.
These currencies are pegged on specific countries, united states- dollar, UK- pound, euro zone- euro, Switzerland- Swiss franc, Kenya- Kenya shilling.. you get the point. Now, there are specific events and happenings between these economies that affect the movement and values of the currencies, driving their value (purchasing power up and down). Forex trading exploits these movements to make money. When the value is going up, we buy and vice versa (down –sell)
Is forex trading illegal in Kenya? Is it a scam?
Illegal, no. scam, no. All the banks in the world do it (KCB made about 4 billion from trading forex in 2019)
Have there been scams involving forex in Kenya?
Yes. Here is one that happened recently. This one is the most infamous one yet. Best believe that this is not the end of these type of scams because the stupidity, greed and gullibility of human beings is unfathomable.
However, by the end of this post, I hope you won’t fall for such silliness.
What next how do I make it work..?
Am glad you asked. Generally, there are two ways to go about it. One, you teach yourself. This is the equivalent of stealing our dad’s car and hoping that the pedal you hit is the brake and not the accelerator. It is the route I took, it is the most rewarding and a huge ego boost when you finally make it on your own. Typically, this involves scouring the internet for hours upon hours going down rabbit holes, thinking you have made it telling all your friends how you will be a millionaire then losing all your money. Some people do not have the stomach for that.
The second route is more practical, structured and smarter.
First Learn the basics. There is a free online forex course at www.babypips.com/learn/forex this is merely an introductory course. Basically it is learning the parts of a car before they let you inside the car.
Second, start building your strategy. By the time you are done with the babypips, you will have a feel of what the forex market is, what interests you, etc. Tip..Babypips has a lot of garbage. It is good for introductory purposes but not good for much else, pick whatever stick to you or jumps at you the first time. Nonsense like indicators should be ignored.
The next step is now the most important. Developing the skill and building your strategy. As a beginner, you want to exhaust your naivety before jumping into the more advanced stuff. Eg can you identify a trend, what is a pair, what is position sizing, what is metatrader 4 and how to operate it, what news is good for a currency, when can I trade, what are the different trading sessions, what is technical analysis, what is market sentiment, what are bullish conditions what is emotion management, how does my psychology affect my trading (more on this later) an I a swing, scalper or day trader etc
Mentors and forex courses.. you have probably seen people advertising how they can teach and mentor you on how to trade forex and charging so much money for it. Somehow it seems that these people are focused on the teaching than the trading. Weird, right..? Truth is trading is hard, teaching not quite. A common saying in the industry is “Those who can’t trade, teach” you want to avoid all these gurus on Facebook and Instagram, some are legit but most are not. Sifting the wheat from the chaff is hard but I did that for you. The info is available online on YouTube, telegram channels etc. am not saying not to spend money on a course, if you find a mentor whose style resonates with you and the course is reasonably priced, please, go ahead and buy..it will cut your learning curve in half. People are different. What worked for me might not work for you.
Here are some nice YouTube channels to watch. These guys are legit..
  1. Sam sieden
  2. Cuebanks
  3. TheCoinFx
  4. The trading channel
  5. Astro
  6. Forex family
  7. Wicksdontlie
Advanced stuff
  1. ICT
After a short period of time, you will be able to sniff out bs teachers with relative ease. You will also discover some of your own and expand the list. Two tips, start with the oldest videos first and whichever of these resonates with you, stick with till the wheels fall off.
How long will it take until things start making sense
Give yourself time to grow and learn. This is all new to you and you are allowed to make mistakes, to fail and discover yourself. Realistically, depending on the effort you put in, you will not start seeing results until after 6 months. Could take longeshorter so there is no guarantee.
Social media, Mentality, Psychology and Books
Online, forex trading might not have the best reputation online because it takes hard work and scammers and gurus give it a bad name. However, try to not get sucked into the Instagram trader lifestyle as it is nowhere close to what the reality is. You will not make millions tomorrow or the day after, you might never even make it in this market. But that is the reality of life. Nothing is promised, nothing is guaranteed.
Your mentality, beliefs and ego will be challenged in this market. You will learn things that will make you blood boil, you will ask yourself daily, how is this possible, why don’t they teach this in school..bla bla bla..it will be hard but growth is painful, if it wasn’t we’d all be billionaires. Take a break, take a walk, drink a glass of whatever you like or roll one..detox. Chill with your girl (or man) Gradually you will develop mental toughness that will set you up for life. Personally, I sorta ditched religion and picked up stoicism. Whatever works for you.
Psychology, this is unfortunately one of the most neglected aspects of your personal development in this journey. Do you believe in yourself? Can you stand by your convictions when everyone is against you? Can you get up every day uncertain of the future? There will be moments where you will question yourself, am I even doing the right thing? the right way? It is normal and essential for your growth. People who played competitive sports have a natural advantage here. Remember the game is first won in your head then on the pitch.
Books: ironically, books that helped me the most were the mindset books, Think and grow rich, trading for a living, 4 hour work week, the monk who sold his Ferrari..just google mindset and psychology books, most trading books are garbage. Watch and listen to people who have made it in the investing business. Ray Dalio, warren, Bill Ackman and Carl Icahn.
This is turning out to be lengthier than I anticipated so I’ll try to be brief for the remaining parts.
Brokers
You will need to open up an account with a broker. Get a broker who is regulated. Australian ones (IC Market and Pepperstone) are both legit, reliable and regulated. Do your research. I’d avoid local ones because I’ve heard stories of wide spreads and liquidity problems. International brokers have never failed me. There are plenty brokers, there is no one size fits all recommendation. If it ain’t broke..don’t fix it.
Money transfer.
All brokers accept wire transfers, you might need to call your bank to authorize that, avoid Equity bank. Stanchart and Stanbic are alright. Large withdrawals $10k+ you will have to call them prior. Get Skrill and Neteller if you don’t like banks like me, set up a Bitcoin wallet for faster withdrawals, (Payoneer and Paypal are accepted by some brokers, just check with them.)
How much money can I make..?
I hate this question because people have perceived ceilings of income in their minds, eg 1 million ksh is too much to make per month or 10,000ksh is too little. Instead, work backwards. What % return did I make this month/ on this trade. Safaricom made 19.5% last year, if you make 20% you have outperformed them. If you reach of consistency where you can make x% per month on whatever money you have, then there are no limits to how much you can make.
How much money do I need to start with..?
Zero. You have all the resources above, go forth. There are brokers who provide free bonuses and withdraw-able profits. However, to make a fulltime income you will need some serious cash. Generally, 50,000 kes. You can start lower or higher but if you need say 20k to live comfortably and that is a 10% return per month, then you can do the math on how big your account should be. Of course things like compound interest come into play but that is dependent on your skill level. I have seen people do spectacular things with very little funds.
Taxes..?
Talk to a lawyer or an accountant. I am neither.
Family? Friends?
Unfortunately, people will not understand why you spend hundreds of hours watching strangers on the internet so it is best to keep it from them. Eventually you will make it work and they will come to your corner talking about how they always knew you’d make it.
The journey will be lonely, make some trading buddies along the way. You’d be surprised at how easy it is when people are united by their circumstances (and stupidity) I have guys who are my bros from South Africa and Lebanon who I have never met but we came up together and are now homies. Join forums, ask questions and grow. That is the only way to learn. Ideally, a group of 5-10 friends committed to learning and growth is the best model. Pushing each other to grow and discovering together.
Forex is real and you can do amazing things with it. It is not a get rich quick scheme. If you want a quick guaranteed income, get a job.
And now it is 5am, fuck.
This is oversimplified and leaves out many many aspects.
Happy to answer any questions.
submitted by ChaliFlaniwaNairobi to Kenya [link] [comments]

How To Make Money Trading Reddit

How To Make Money Trading Reddit

MAKE MONEY WITH TRADING (Forex, Stocks, Binary Options)

https://preview.redd.it/onvu1owbn2v51.jpg?width=640&format=pjpg&auto=webp&s=63508b4c3653556bc53e4ef2df86a29df5e5dd0b
Trading consists of buying and selling assets, such as stocks, futures, currencies or derivatives, in a financial market. To trade, so that we obtain benefits, we will have to speculate with the movements in the price of the assets. This is the first step to making money from trading.
The word trading is usually associated with short-term investments, that is, short operations that seek benefits limited to a small time frame.
In other words, trading and investing are the same, only the time frame changes.
So if you hear terms like "stock trading" or "stock trading" it is the same thing, only they usually refer to different time frames.
The person who invests or trades is called a trader. A trader then is someone who invests in the financial markets.
Generally, the term trader is usually added to the asset that operates. For example, stock trader, futures trader, forex trader, in short, the asset that operates.
As you can see I am adding several concepts so that we all start from the same base.
So, trading is basically buying and selling assets, trying to buy at the lowest possible price and sell as high as possible. As simple as that.
I want you to understand something, the bases are 70% of your trading. It is amazing to see how advanced traders forget the basics before trading.
By advanced trader I mean someone who already knows how to trade but that doesn't necessarily make him a winning trader. In most cases they apply complicated strategies and forget something as simple as the bases.
How much can a trader earn? You put the roof on it, there is no limit. I recommend you measure your progress in percentages and not in nominals. It is best to verify your progress.
Is it necessary to be in a Trading Academy? Like everything, there are some who like to be social and others who prefer to work in a self-taught way. In trading, it is the same. If you need the constant support of people to not be demotivated, then a Trading Academy is a good option. Now, if you are an already motivated person who only needs to clear up doubts, then the best thing is a mentor, consulting professional, or a trading teacher who clears your doubts.
The foundations for making money trading have to be solid if we want to make profits consistently. So today I want to emphasize that, the foundations of being a successful trader. Let us begin!

How to Make Money Trading Reddit - Key Steps

https://preview.redd.it/la3o4919o2v51.jpg?width=640&format=pjpg&auto=webp&s=02e5635985796aa609c9ed4848285b4ce69f1196
1) Buy Supports (and resistances)
Buying in supports is buying in a key area where the price exerts a certain friction preventing the price from continuing to advance, for whatever reason.
A support is nothing more than an area where the asset finds the confidence of investors, it is the level where they estimate that it is a good purchase price for them, and that is why they buy the asset in question, in such a way that the asset finds help in that level.
Most trading systems, at least the ones I know of which are a few, are based on this principle but what happens, they camouflage it with flourishes.
Instead of saying, to the purchase in supports, they add colored mirrors so that it does not look so simple.
I'm not saying that details are not good, but exaggeration of details can lead to confusion and later paralysis.
Systems must necessarily be simple.
Buying in stands not only improves your overall entry, but it drastically lowers your risks. The further we move away from a support, the more the risk increases.
Many times we end up buying halfway because the price "escaped" us and we think that we will not have another equal opportunity. The reality is that the market always provides opportunities for those who know how to wait.
There is a saying that the beginning trader has fun in the market, the professional trader gets bored.
This does not mean that the professional trader does things reluctantly, or that he does not like to invest. It means that the professional trader waits crouched, calm, for that opportunity that he is looking for appears, that entry into support that reduces his risk. While the novice trader enters and exits the market euphoric.
A professional trader can be in front of the screen all day and not make a single trade. The novice trader, on the other hand, if he spends more than 5 minutes without trading, he already feels bad, anxious and thinks that he is losing opportunities.
Without further ado, enter supports.
2) Execute stop loss
Holding losses is the biggest mistake of traders. Who in the beginning has not moved the stop loss because the operation moved against him?
It's a very common mistake. We enter the market, we put the stop, the operation turns against us and instead of executing the stop, we RUN IT!
We are camicaces.
The typical phrase "I'm waiting to recover" has burned entire wallets.
The market fell 40% and instead of leaving, they began to pray.
The great advantage of small portfolios, that is, investors with little capital, is flexibility and speed of reaction.
By running the stop loss you are losing the only advantage you have with respect to professionals and large investors. Because they sure have more capital and have wider margins.
Please don't take losses, don't run the stop loss.
If you miss the stop, distance yourself from the market and analyze why that happened to you for the next better place your stop.
3) Sell in resistonce
I want you to remember something. Until you sell, the profits are not yours.
Until you sell, you have no money.
Until you sell, you cannot say that the operation was successful.
Many traders are very good at finding entries. They perfectly see the supports and manage to enter at the best prices. But what happens to them, they don't sell.
It hits a key resistance, where price clearly can't break through and what they do, they hold out in case it breaks.
The worst, the price does not break or make an upthrust (which would be a kind of professional feint), it returns to support, it bounces, it goes back to resistance and what we do ... we wait again to see if it breaks, because now it is the correct.
And there is a worse case. It reaches resistance and we want to apply the phrase "let the profits run", so what do we do, we adjust the stop loss near the resistance in case the price breaks and continues.
The price tests the resistance, falls, touches our stop and we run it in case the price returns to the path. Instead of applying the phrase “let the profits run” we apply the phrase “let the losses run”.
An old master used to say, when the price reaches resistance, I collect my winnings and go on vacation.
It seems silly but it is a way of telling our brain, if you do things well you have a prize.
Sell ​​in resistance, the market always gives new opportunities.
4) The Trend is your friend
No better elaborated phrase. The trend is your friend. And as we all know, almost no one pays attention to their friends. We ask them for advice and if they don't say what we want to hear, we won't.
If the price goes up, where do you have to invest?
"It is not that the price was stretched too much and surely now a correction is coming, so I invest against it."
You are seeing that the trend is upward in an annual, monthly, weekly, daily, hourly and minute time frame, but just in case you invest against it.
Please, the trend is your friend, if it tells you that the price is going up, it is because it is going up.
I invested in favor of the trend. You do not want to beat the market because I assure you that it breaks your arm in a blink of an eye.
5) Statistical advantage
In the financial markets there are no certainties, only probabilities and whoever tells you otherwise is surely not winning in silver.
What we are looking for are windows of statistical opportunities. In other words, we try to turn the odds in our favor.
That is why it is always important to ask yourself the question, what is more likely, that the price will go up or down?
This is because many times we operate and do not realize that the odds are against us.
We can never be 100% certain, but just putting the odds in our favor by making concrete decisions based on logic and not on emotions can earn us a lot of money.
6) Consistency
You often see many traders showing one or two of their most successful trades and the occasional loss. This is good for teaching purposes, and it is useful for transmitting teachings.
But if you want to become a professional trader you need consistency. And consistency does not speak of an isolated operation, it speaks of sustained profits over time.
And when I say time I speak of years. Not a month, not a week, not a semester. 3 years, 5 years, 10 years, 20 years.
To give you an idea, ultra-professional traders fight to see who is more consistent.
In other words, the first question they ask themselves is how many years have you been winning?
A trader who every year earns a tight, modest percentage, reasonable to say the least, but consistently, is a much better professional than one who doubles the capital one year and the other is -90.
Consistency is highly treasured as it allows for simulations, strategizing, and even projections.
7) Trading plan
The number of traders who invest without having a trading plan is impressive. Something so important, so simple to make, so useful and very few use it.
A trading plan allows you to analyze your operations, see what you are doing, and then improve.
When we don't have a trading plan, what we did last week goes completely unnoticed because we can't internalize the teaching.
And when I speak of teachings, they can be gains or losses.
A loss allows us to adjust the plan but a success also.
In fact, when we have several successful operations, there is nothing better than taking their teachings and replicating them.
The trading plan is the only tool that allows us to do this, learn, improve and be the most objective possible, leaving aside emotions.

Forex trading Reddit

https://preview.redd.it/ljyjklqgo2v51.jpg?width=640&format=pjpg&auto=webp&s=c50d6af6b81521fbbfe25938c98971e1592de261
When it comes to the currency market, one of the most popular trading markets is Forex. It represents the world's largest decentralized currency market. So we will answer how to make money from forex trading.
With only having a computer, tablet or mobile phone, and an excellent internet connection service, you will be able to operate from anywhere in the world in the Forex market. It has the great strength of being flexible and adaptable to all types of investors.
Select a prominent broker or intermediary agent, one that is recognized and very professional. Conduct negotiation trials with him, so that you get to know each other and do not put your capital at risk.
Develop together the work style that most identifies you and decide to earn money by trading, enriching yourself with all the possible knowledge and strategies.
Acquire strengths in detecting the ideal moment to carry out operations. You will achieve this by studying and understanding the graphs and trends of transactions, detecting that unique pattern that tells you when is the right time to proceed.
Do not hesitate, it is possible to earn a lot of money with trading! But, make sure, above all things, train yourself with a duly accredited professional, in guarantee of acquiring quality theoretical knowledge, imperative to understand the movement of the market.

How to Make Money Trading Reddit - Final Words

Trading is an “investment vehicle” that can serve your objectives of having financial peace of mind as long as it is part of a broad economic and financial planning in the short, medium and long term. If not, trading can become a fast track to lose your money, if you lack the necessary knowledge, experience and training. Follow the following formula to Make Money in Trading Consistently:

Profitability = (Knowledge + experience) x emotional and mental management

submitted by kayakero to makemoneyforexreddit [link] [comments]

Chinese Tinder Forex Scam

I have matched up with at least 9 gorgeous Chinese women from Hong Kong or Singapore who seem to follow a similar pattern, so I think this must be a scam. I wasn’t foolish enough to go all the way through with this to verify, but I figured someone else has and can validate my suspicions.
  1. Chinese girl matches with you - not in your geographic area
  2. Chinese girl is always young, beautiful, and wealthy (lifestyle includes golfing, high fashion brands, expensive resorts in photos)
  3. Chinese girl asks you for your WhatsApp almost immediately; she sends messages daily and even throws in some cute videos or pics to bait you. She may occasionally actually call you for a brief moment (to make you think it is a real woman but I suspect there is one girl calling hundreds of guys for a minute per guy)
  4. She asks you about your profession or business if you have one and says she does something very similar (to build trust and affinity)
  5. She casually brings up Forex trading and says she makes lots of money trading Bitcoin - USD or some other variation on forex
  6. She tells you to try it, that she will teach you how or even offers to introduce you to her teacher She will send you screen shots of her earnings (one woman sent me a screen shot showing she made $75,000 on a trade)
  7. Once you agree and download MetaTrader 4 as instructed (even though there is a Version 5 out), she directs you on when to execute sample trades (usually late at night during HK or Singapore opening hours)
  8. After you do several simulations (mine generated up to $14,000 per trade in profit), she asks how much you will invest in real money. She or her teacher suggest you start with $50,000 USD or more.
  9. If you prove useless or say you are not interested, she will stop contacting you.
submitted by ElJefecitodeEnsenada to Scams [link] [comments]

Different Categories of Magic Spells #lovespells

Several clients ask me what the different categories of magic spells there are. There are several but I have narrowed down to the most frequently asked about, although this lengthy article is not all of them. Basically, there are various types of magic spells that you can choose from. Among these are Angel spells, Black Magic spells, Love Spells, Wealth Magic, Xaos, White Magic Spells, Hermetic Magick and Djinn/Demons/Genie.
You can view all of the lists here:

Magic Spell Categories


  1. Angel spells | Angel Spells List

📷

  1. Djinn/Demons/Genie | Djinn Spell List


  1. Black Magic Spells | Black Magic Spells List
The Black Magic Spells is made up of those spells meant for revenging, stealing a partner from another person or to fix or coercively force someone out of a circumstance. The black magic spells comprise of Andras, Andromalius, Black Magick Love Spell, Banish Spell, Demonic Possession, Break-Up Spell, and Infernal Princes of the Hell Love Spell, Destroy an Adversary, Revenge Spell, Necronomicon Black Magic Spell and Steal a Mate. Notably, Black Magic Spells are spells performed for your own good. For instance, in case you desire someone who also belongs to another person, you will need to use Steal a Mate spell to steal them. Another spell like Destroy an Adversary can be used to remove or destroy an opponent or rival for your own good e.g. for love, business or any other gains.

  1. Hermetic Magick | Hermetic Magick Spells List
Hermetic Magick is an essential spell for bringing precisely the sort of power you desire in your life. The energies may include:

📷

  1. Love spells | Love Spells List
These spells are for anyone (both genders) whose heart is focused on someone.


  1. Wealth Magic| Money Spell List


  1. White Magic Spells | White Magic Spell List
The White Magic Spells entails any spell that is about helping oneself or even people. The spells in this category are:


  1. Xaos Magic | Chaos Magic And Izabael Specialized Spells
This is a list of spells comprising of at least 14 specialty spells or some offers that might be available. The highest rated spells in the category are: Chaos Magick Servitor (demons build from scratch), IZABAEL Invocation, Increased Psychic or Astral Ability level 1 and 2, Custom Money or Wealth Spell, Succubus (for seducing men), Custom Curse Spell etc.
You may need any of these spells if you have a special case requires a customized solution.
Want Izabael To Cast a Spell For You?
Visit My Magick Spell Shop

Magic Spells by Izabael DaJinn

originally posted at: https://izabaeldajinn.com/2019/05/different-categories-of-magic-spells
submitted by swingerlover to occultspells [link] [comments]

My First Year of Trading

So here it is, three more days and October begins, which marks one year of trading for me. I figured I would contribute to the forum and share some of my experience, a little about me, and what I've learned so far. Whoever wants to listen, that's great. This might get long so buckle up..
Three years ago, I was visiting Toronto. I don't get out much, but my roommate at the time travels there occasionally. He asked everyone at our place if we wanted to come along for a weekend. My roommate has an uncle that lives there and we didn't have to worry about a hotel because his uncle owns a small house that's unlived in which we could stay at. I was the only one to go with. Anyways, we walk around the city, seeing the sights and whatnot.
My friend says to me "where next?"
"I don't know, you're the tour guide"
"We can go check out Bay Street"
"what's 'Bay Street?'"
"It's like the Canadian Wall street! If you haven't seen it you gotta see it!"
Walking along Bay, I admire all the nice buildings and architecture, everything seems larger than life to me. I love things like that. The huge granite facades with intricate designs and towering pillars to make you think, How the fuck did they make that? My attention pivots to a man walking on the sidewalk opposite us. His gait stood out among everyone, he walked with such a purpose.. He laughed into the cell phone to his ear. In the elbow-shoving city environment, he moved with a stride that exuded a power which not only commanded respect, but assumed it. I bet HE can get a text back, hell he's probably got girls waiting on him. This dude was dressed to kill, a navy suit that you could just tell from across the street was way out of my budget, it was a nice fucking suit. I want that. His life, across the street, seemed a world a way from my own. I've worn a suit maybe twice in my life. For my first communion, it was too big for me, I was eleven or whatever so who gives a shit, right? I'm positive I looked ridiculous. The other time? I can't remember.
I want that. I want the suit. I want the wealth, the independence. I want the respect and power, and I don't give a shit what anyone thinks about it.
Cue self doubt.
Well, He's probably some rich banker's son. That's a world you're born into. I don't know shit about it. \sigh* keep walking..*

A year later, I'm visiting my parents at their house, they live an hour away from my place. My dad is back from Tennessee, his engineering job was laying people off and he got canned... Or he saw the end was near and just left... I don't know, hard to pay attention to the guy honestly because he kind of just drones on and on. ("Wait, so your mom lives in Michigan, but your dad moved to Tennessee... for a job?" Yea man, I don't fucking know, not going to touch on that one.) The whole project was a shit show that was doomed to never get done, the way he tells it. And he's obviously jaded from multiple similar experiences at other life-sucking engineer jobs. My mom is a retired nurse practitioner who no longer works because of her illness. I ask him what he's doing for work now and he tells me he trades stocks from home. I didn't even know you could do that. I didn't know "trading" was a thing. I thought you just invest and hope for the best.
"Oh that's cool, how much money do you need to do that?"
"Ehh, most say you need at least $25,000 as a minimum"
"Oh... guess I can't do that..."
Six months later, I get a call and it's my dad. We talk a little about whatever. Off topic, he starts asking if I'm happy doing what I'm doing (I was a painter, commercial and residential) I tell him yes but it's kind of a pain in the ass and I don't see it as a long term thing. Then he gets around to asking if I'd like to come work with him. He basically pitches it to me. I'm not one to be sold on something, I'm always skeptical. So I ask all the questions that any rational person would ask and he just swats them away with reassuring phrases. He was real confident about it. But basically he says for this to work, I have to quit my job and move back home so he can teach me how to trade and be by my side so I don't do anything stupid. "My Name , you can make so much money." I say that I can't raise the $25,000 because I'm not far above just living paycheck to paycheck. "I can help you out with that." Wow, okay, well... let me think about it.
My "maybe" very soon turned into a "definitely." So over the next six months, I continue to work my day job painting, and I try to save up what I could for the transition (it wasn't a whole lot, I sucked at saving. I was great at spending though!). My dad gives me a book on day trading (which I will mention later) and I teach myself what I can about the stock market using Investopedia. Also in the meantime, my dad sends me encouraging emails. He tells me to think of an annual income I would like to make as a trader, and used "more than $100,000 but less than a million" as a guideline. He tells me about stocks that he traded that day or just ones that moved and describes the basic price action and the prices to buy and sell at. Basically saying "if you bought X amount of shares here and sold it at X price here, you could make a quick 500 bucks!" I then use a trading sim to trade those symbols and try to emulate what he says. Piece of cake. ;)
Wow, that's way more than what I make in a day.
He tells me not to tell anyone about my trading because most people just think it's gambling. "Don't tell your Mom either." He says most people who try this fail because they don't know how to stop out and take a loss. He talks about how every day he was in a popular chatroom, some noob would say something like, "Hey guys, I bought at X price (high of day or thereabout), my account is down 80% .. uhh I'm waiting for it to come back to my entry price.. what do I do??"
Well shit, I'm not that fucking dumb. If that's all it takes to make it is to buy low, sell high, and always respect a stop then I'll be fantastic.
By the end of September, I was very determined. I had been looking forward everyday to quitting my painting job because while it used to be something I loved, it was just sucking the life out of me at this point. Especially working commercial, you just get worked like a dog. I wasn't living up to my potential with that job and I felt awful for it every minute of every day. I knew that I needed a job where I could use my brain instead of slaving my body to fulfill someone else's dream. "Someone's gotta put gas in the boss's boat" That's a line my buddy once said that he probably doesn't know sticks with me to this day.
It ain't me.
So now it was October 2018, and I'm back living with Mom n' Pops. I was so determined that on my last day of work I gave away all of my painting tools to my buddy like, "here, I don't need this shit." Moving out of my rental was easy because I don't own much, 'can't take it with ya.' Excited for the future I now spend my days bundled up in winter wear in the cold air of our hoarder-like basement with a space heater at my feet. My laptop connected to a TV monitor, I'm looking at stocks next to my dad and his screens in his cluttered corner. Our Trading Dungeon. I don't trade any money, (I wasn't aware of any real-time sim programs) I just watch and learn from my dad. Now you've got to keep in mind, and look at a chart of the S&P, this is right at the beginning of Oct '18, I came in right at the market top. Right at the start of the shit-show. For the next three or four weeks, I watch my dad pretty much scratch on every trade, taking small loss after small loss, and cursing under his breath at the screen.
Click.
"dammit."
Click.
"shit."
Click. Click.
"you fuck."
Click.
This gets really fucking annoying as time goes on, for weeks, and I get this attitude like ugh, just let me do it. I'll make us some fucking money. So I convince him to let me start trading live. I didn't know anything about brokers so I set up an account using his broker, which was Fidelity. It was a pain and I had to jump through a lot of hoops to be able to day trade with this broker. I actually had to make a joint account with my dad as I couldn't get approved for margin because my credit score is shit (never owned a credit card) and my net worth, not much. Anyways, they straight up discourage day trading and I get all kinds of warning messages with big red letters that made me shit myself like oooaaahhh what the fuck did I do now. Did I forget to close a position?? Did I fat finger an order? Am I now in debt for thousands of dollars to Fidelity?? They're going to come after me like they came after Madoff. Even after you are approved for PDT you still get these warning messages in your account. Some would say if I didn't comply with "whatever rule" they'd even suspend my account for 60 days. It was ridiculous, hard to describe because it doesn't make sense, and it took the support guy on the phone a good 20 minutes to explain it to me. Basically I got the answer "yea it's all good, you did nothing wrong. As long as you have the cash in your account to cover whatever the trade balance was" So I just kept getting these warnings that I had to ignore everyday. I hate Fidelity.
My fist day trading, I made a few so-so trades and then I got impatient. I saw YECO breaking out and I chased, soon realized I chased, so I got out. -$500. Shit, I have to make that back, I don't want my dad to see this. Got back in. Shit. -$400. So my first day trading, I lost $900. My dumbass was using market orders so that sure didn't help. I reeled the risk back and traded more proper position size for a while, but the commissions for a round trip are $10, so taking six trades per day, I'm losing $60 at a minimum on top of my losing trades. Quickly I realized I didn't know what the hell I was doing. What about my dad? Does HE know? One day, in the trading dungeon, I was frustrated with the experience I'd been having and just feeling lost overall. I asked him.
"So, are you consistently profitable?"
"mmm... I do alright."
"Yea but like, are you consistently profitable over time?"
.........................
"I do alright."
Silence.
"Do you know any consistently profitable traders?"
"Well the one who wrote that book I gave you, Tina Turner.. umm and there's Ross Cameron"
......................
"So you don't know any consistently profitable traders, personally.. People who are not trying to sell you something?"
"no."
...................
Holy fucking shit, what did this idiot get me into. He can't even say it to my face and admit it.
This entire life decision, quitting my job, leaving my rental, moving from my city to back home, giving shit away, it all relied on that. I was supposed to be an apprentice to a consistently profitable day trader who trades for a living. It was so assumed, that I never even thought to ask! Why would you tell your son to quit his job for something that you yourself cannot do? Is this all a scam? Did my dad get sold a DREAM? Did I buy into some kind of ponzi scheme? How many of those winning trades he showed me did he actually take? Are there ANY consistently profitable DAY TRADERS who TRADE FOR A LIVING? Why do 90% fail? Is it because the other 10% are scamming the rest in some way? Completely lost, I just had no clue what was what. If I was going to succeed at this, if it was even possible to succeed at this, it was entirely up to me. I had to figure it out. I still remember the feeling like an overwhelming, crushing weight on me as it all sunk in. This is going to be a big deal.. I'm not the type to give up though. In that moment, I said to myself,
I'm going to fucking win at this. I don't know if this is possible, but I'm going to find out. I cannot say with certainty that I will succeed, but no matter what, I will not give up. I'm going to give all of myself to this. I will find the truth.
It was a deep moment for me. I don't like getting on my soapbox, but when I said those things, I meant it. I really, really meant it. I still do, and I still will.
Now it might seem like I'm being hard on my dad. He has done a lot for me and I am very grateful for that. We're sarcastic as hell to each other, I love the bastard. Hell, I wouldn't have the opportunity to trade at all if not for him. But maybe you can also understand how overwhelmed I felt at that time. Not on purpose, of course he means well. But I am not a trusting person at all and I was willing to put trust into him after all the convincing and was very disappointed when I witnessed the reality of the situation. I would have structured this transition to trading differently, you don't just quit your job and start trading. Nobody was there to tell me that! I was told quite the opposite. I'm glad it happened anyway, so fuck it. I heard Kevin O'Leary once say,
"If I knew in the beginning how difficult starting a business was, I don't know that I ever would've started."
This applies very much to my experience.
So what did I do? Well like everyone I read and read and Googled and Youtube'd my ass off. I sure as hell didn't pay for a course because I didn't have the money and I'm like 99% sure I would be disappointed by whatever they were teaching as pretty much everything can be found online or in books for cheap or free. Also I discovered Thinkorswim and I used that to sim trade in real-time for three months. This is way the hell different than going on a sim at 5x speed and just clicking a few buy and sell buttons. Lol, useless. When you sim trade in real-time you're forced to have a routine, and you're forced to experience missing trades with no chance to rewind or skip the boring parts. That's a step up because you're "in it". I also traded real money too, made some, lost more than I made. went back to sim. Traded live again, made some but lost more, fell back to PDT. Dad fronted me more cash. This has happened a few times. He's dug me out of some holes because he believes in me. I'm fortunate.
Oh yeah, about that book my dad gave me. It's called A Beginner's Guide to Day Trading Online by Toni Turner. This book... is shit. This was supposed to be my framework for how to trade and I swear it's like literally nothing in this book fucking works lol. I could tell this pretty early on, intuitively, just by looking at charts. It's basically a buy-the-breakout type strategy, if you want to call it a strategy. No real methodology to anything just vague crap and showing you cherry-picked charts with entries that are way too late. With experience in the markets you will eventually come to find that MOST BREAKOUTS FAIL. It talks about support/resistance lines and describes them as, "picture throwing a ball down at the floor, it bounces up and then it bounces down off the ceiling, then back up." So many asinine assumptions. These ideas are a text book way of how to trade like dumb money. Don't get me wrong, these trades can work but you need to be able to identify the setups which are more probable and identify reasons not to take others. So I basically had to un-learn all that shit.
Present day, I have a routine in place. I'm out of the dungeon and trade by myself in my room. I trade with a discount broker that is catered to day traders and doesn't rape me on commissions. My mornings have a framework for analyzing the news and economic events of the particular day, I journal so that I can recognize what I'm doing right and where I need to improve. I record my screens for later review to improve my tape reading skills. I am actually tracking my trades now and doing backtesting in equities as well as forex. I'm not a fast reader but I do read a lot, as much as I can. So far I have read about 17-18 books on trading and psychology. I've definitely got a lot more skilled at trading.
As of yet I am not net profitable. Writing that sounds like selling myself short though, honestly. Because a lot of my trades are very good and are executed well. I have talent. However, lesser quality trades and trades which are inappropriately sized/ attempted too many times bring down that P/L. I'm not the type of trader to ignore a stop, I'm more the trader that just widdles their account down with small losses. I trade live because at this point, sim has lost its value, live trading is the ultimate teacher. So I do trade live but I just don't go big like I did before, I keep it small.
I could show you trades that I did great on and make people think I'm killing it but I really just don't need the validation. I don't care, I'm real about it. I just want to get better. I don't need people to think I'm a genius, I'm just trying to make some money.
Psychologically, to be honest with you, I currently feel beaten down and exhausted. I put a lot of energy into this, and sometimes I work myself physically sick, it's happened multiple times. About once a week, usually Saturday, I get a headache that lasts all day. My body's stress rebound mechanism you might call it. Getting over one of those sick periods now, which is why I barely even traded this week. I know I missed a lot of volatility this week and some A+ setups but I really just don't give a shit lol. I just currently don't have the mental capital, I think anyone who's been day trading every day for a year or more can understand what I mean by that. I'm still being productive though. Again, I'm not here to present an image of some badass trader, just keeping it real. To give something 100% day after day while receiving so much resistance, it takes a toll on you. So a break is necessary to avoid making bad trading decisions. That being said, I'm progressing more and more and eliminating those lesser quality trades and identifying my bad habits. I take steps to control those habits and strengthen my good habits such as having a solid routine, doing review and market research, taking profits at the right times, etc.
So maybe I can give some advice to some that are new to day trading, those who are feeling lost, or just in general thinking "...What the fuck..." I thought that every night for the first 6 months lol.
First of all, manage expectations. If you read my story of how I came to be a trader, you can see I had a false impression of trading in many aspects. Give yourself a realistic time horizon to how progress should be made. Do not set a monetary goal for yourself, or any time-based goal that is measured in your P/L. If you tell yourself, "I want to make X per day, X per week, or X per year" you're setting yourself up to feel like shit every single day when it's clear as the blue sky that you won't reach that goal anytime soon. As a matter of fact, it will appear you are moving further AWAY from that goal if you just focus on your P/L, which brings me to my next point.
You will lose money. In the beginning, most likely, you will lose money. I did it, you'll do it, the greatest Paul Tudor Jones did it. Trading is a skill that needs to be developed, and it is a process. Just look at it as paying your tuition to the market. Sim is fine but don't assume you have acquired this skill until you are adept at trading real money. So when you do make that leap, just trade small.
Just survive. Trade small. get the experience. Protect your capital. To reach break even on your bottom line is a huge accomplishment. In many ways, experience and screen time are the secret sauce.
Have a routine. This is very important. I actually will probably make a more in-depth post in the future about this if people want it. When I first started, I was overwhelmed with the feeling "What the fuck am I supposed to DO?" I felt lost. There's no boss to tell you how to be productive or how to find the right stocks, which is mostly a blessing, but a curse for new traders.
All that shit you see, don't believe all that bullshit. You know what I'm talking about. The bragposting, the clickbait Youtube videos, the ads preying on you. "I made X amount of money in a day and I'm fucking 19 lolz look at my Lamborghini" It's all a gimmick to sell you the dream. It's designed to poke right at your insecurities, that's marketing at it's finest. As for the bragposting on forums honestly, who cares. And I'm not pointing fingers on this forum, just any trading forum in general. They are never adding anything of value to the community in their posts. They never say this is how I did it. No, they just want you to think they're a genius. I can show you my $900 day trading the shit out of TSLA, but that doesn't tell the whole story. Gamblers never show you when they lose, you might never hear from those guys again because behind the scenes, they over-leveraged themselves and blew up. Some may actually be consistently profitable and the trades are 100% legit. That's fantastic. But again, I don't care, and you shouldn't either. You shouldn't compare yourself to others.
"Everyone's a genius in a bull market" Here's the thing.. Markets change. Edges disappear. Trading strategies were made by traders who traded during times when everything they did worked. Buy all the breakouts? Sure! It's the fucking tech bubble! Everything works! I'm sure all those typical setups used to work fantastically at some point in time. But the more people realize them, the less effective they are. SOMEONE has to be losing money on the opposite side of a winning trade, and who's willing to do that when the trade is so obvious? That being said, some things are obvious AND still work. Technical analysis works... sometimes. The caveat to that is, filters. You need to, in some way, filter out certain setups from others. For example, you could say, "I won't take a wedge pattern setup on an intraday chart unless it is in a higher time frame uptrend, without nearby resistance, and trading above average volume with news on that day."
Have a plan. If you can't describe your plan, you don't have one. Think in probabilities. You should think entirely in "if, then" scenarios. If X has happens, then Y will probably happen. "If BABA breaks this premarket support level on the open I will look for a pop up to short into."
Backtest. Most traders lose mainly because they think they have an edge but they don't. You read these books and all this stuff online telling you "this is a high probability setup" but do you know that for a fact? There's different ways to backtest, but I think the best way for a beginner is manual backtesting with a chart and an excel sheet. This builds up that screen time and pattern recognition faster. This video shows how to do that. Once I saw someone do it, it didn't seem so boring and awful as I thought it was.
Intelligence is not enough. You're smarter than most people, that's great, but that alone is not enough to make you money in trading necessarily. Brilliant people try and fail at this all the time, lawyers, doctors, surgeons, engineers.. Why do they fail if they're so smart? It's all a fucking scam. No, a number of reasons, but the biggest is discipline and emotional intelligence.
Journal every day. K no thanks, bro. That's fucking gay. That's how I felt when I heard this advice but really that is pride and laziness talking. This is the process you need to do to learn what works for you and what doesn't. Review the trades you took, what your plan was, what actually happened, how you executed. Identify what you did well and what you can work on. This is how you develop discipline and emotional intelligence, by monitoring yourself. How you feel physically and mentally, and how these states affect your decision-making.
Always be learning. Read as much as you can. Good quality books. Here's the best I've read so far;
Market Wizards -Jack Schwager
One Good Trade -Mike Bellafiore
The Daily Trading Coach -Bret Steenbarger
Psycho-cybernetics -Maxwell Maltz
Why You Win or Lose -Fred Kelly
The Art and Science of Technical Analysis -Adam Grimes
Dark Pools -Scott Patterson
Be nimble. Everyday I do my research on the symbols I'm trading and the fundamental news that's driving them. I might be trading a large cap that's gapping up with a beat on EPS and revenue and positive guidance. But if I see that stock pop up and fail miserably on the open amidst huge selling pressure, and I look and see the broader market tanking, guess what, I'm getting short, and that's just day trading. The movement of the market, on an intraday timeframe, doesn't have to make logical sense.
Adapt. In March I used to be able to buy a breakout on a symbol and swing it for the majority of the day. In the summer I was basically scalping on the open and being done for the day. Volatility changes, and so do my profit targets.
Be accountable. Be humble. Be honest. I take 100% responsibility for every dime I've lost or made in the market. It's not the market makers fault, it wasn't the HFTs, I pressed the button. I know my bad habits and I know my good habits.. my strengths/ my weaknesses.
Protect yourself from toxicity. Stay away from traders and people on forums who just have that negative mindset. That "can't be done" mentality. Day trading is a scam!! It can certainly be done. Prove it, you bastard. I'm posting to this particular forum because I don't see much of that here and apparently the mods to a good job of not tolerating it. As the mod wrote in the rules, they're most likely raging from a loss. Also, the Stocktwits mentality of "AAPL is going to TANK on the open! $180, here we come. $$$" , or the grandiose stories, "I just knew AMZN was going to go up on earnings. I could feel it. I went ALL IN. Options money, baby! ka-ching!$" Lol, that is so toxic to a new trader. Get away from that. How will you be able to remain nimble when this is your thought process?
Be good to yourself. Stop beating yourself up. You're an entrepreneur. You're boldly going where no man has gone before. You've got balls.
Acknowledge your mistakes, don't identify with them. You are not your mistakes and you are not your bad habits. These are only things that you do, and you can take action necessary to do them less.
It doesn't matter what people think. Maybe they think you're a fool, a gambler. You don't need their approval. You don't need to talk to your co-workers and friends about it to satisfy some subconscious plea for guidance; is this a good idea?
You don't need anyone's permission to become the person you want to be.
They don't believe in you? Fuck 'em. I believe in you.
submitted by indridcold91 to Daytrading [link] [comments]

Word of advice to the residence of this subreddit

When you come across a guru or teacher (be it on this subreddit or even on any social media website), PLEASE PLEASE PLEASE, for heavens sake, ask for some verified results before you take their word for anything.
Industry is filled with numbskulls that claim to know, but cant offer any tangible proof.
When their response is 'prove I am wrong' or 'I dont have to prove anything to you', you know you have come across a bitch with no legs to stand on.
Just a suggestion on an easy way to filter through the mountains of garbage you find available to everyone.
For anyone who doesnt know, there are third party programs you can link to your brokerage account that will track your accounts progression and spit out info like win rate, average Reward to risk, risk of ruin, drawdown (amongst several other important metrics that can be used to evaluate a traders abilities quickly). Most popular examples of these programs being MyFxbook and ForexFactory trade explorer - research them and learn to ask for them.

Stay safe guys
submitted by lolwtftho to Forex [link] [comments]

Foreign Exchange Trading Course: A Needs To for Foreign Exchange Beginners

Foreign Exchange Trading Course: A Needs To for Foreign Exchange Beginners
Foreign Exchange Trading Course: A Needs To for Foreign Exchange Beginners

On the planet's largest monetary market where exchanges rise to trillions of dollars every day, many individuals would truly intend to participate in this market. In addition to being the biggest financial market in the world, Forex blogs is likewise the most liquid market worldwide where professions are done 24 hours a day.

A lot of investors have actually become really rich trading in the Forex market. As well as, lots of people who trade in the Foreign exchange market everyday have actually located an excellent means to change their day jobs. Some even came to be millionaires practically overnight by just selling this monetary market.

Trading in the Foreign exchange market can be extremely eye-catching. Nevertheless, you must likewise recognize that there have actually been people who endured severe economic losses in the Forex market. It holds true that the Forex market supplies an excellent economic opportunity to a lot of individuals, however it additionally has its dangers.

It is a reality that individuals that really did not have the ideal understanding and abilities trading in the Forex market suffered substantial financial losses and also some also went into financial obligation. So, prior to you enter the Foreign exchange market, it is important that you need to have the necessary knowledge as well as abilities as a Foreign exchange trader in order to decrease the danger of losing money and make the most of the capacity of generating income.

Many people who were successful in the Foreign exchange market have went through a Foreign exchange trading training course to obtain the expertise and skills required to effectively sell this very fluid and huge monetary market.

In a Forex trading course, you will learn about when it is the right time to acquire or sell, chart the movements, place market trends and likewise understand how to utilize the different trading systems readily available in the Foreign exchange market.
https://preview.redd.it/vayvygfjrcr41.jpg?width=1920&format=pjpg&auto=webp&s=0ab6e21fa99273f65928b3de5a90228c57ccbbaf

You will also be acquainted with the terms utilized in the Foreign exchange market. Even the basic understanding concerning trading in the Forex articles blog can be a terrific help with your lucrative endeavor worldwide's biggest market.

There are different Forex trading training courses offered, all you need to do is choose one that suits your requirements as a trader. There are refresher courses where all the basic features of Foreign exchange will be shown to you in a short period of time, full time on the internet programs, where you will discover all about Forex through the web and there are also full time the real world classroom programs where you can discover the ropes regarding Forex in a genuine class with a real-time teacher.

You can also become an apprentice. However, in order to find out a great deal about Foreign exchange as an apprentice, you need to ensure that you have an experienced Foreign exchange trader who can share a lot of points to you about the Foreign exchange market.

Right here are a few of the basic things you must seek in a Foreign exchange trading course in order for you to get the enough expertise regarding Forex trading:

- Margins.
- Leveraging.
- Kinds of orders.
- Major currencies.

An excellent Foreign exchange trading program will certainly additionally explain a whole lot about the essential as well as technological analysis of charts. As an investor, knowing exactly how to evaluate a graph is an essential skill that you ought to have. So, when you are seeking a Foreign exchange trading program, you should seek a course that provides essential and technical evaluation instruction.

Tension plays an essential part in Forex traders. Understanding exactly how to handle anxiety is also a skill that you need to create. An excellent Forex trading program must instruct you just how to deal with anxiety and trade properly and also successfully.

As high as possible, you must search for a Foreign exchange trading training course that use actual trading systems where pupils can trade genuine cash on the Forex market or at least trade on dummy accounts in a substitute Foreign exchange market. This hands-on experience will substantially benefit you. Besides, the best method to learn more about anything is by in fact experiencing it. Live trading and simulations must be supplied in a Forex trading training course.

So, if you plan on getting associated with the Foreign exchange market, take into consideration discovering all these things in a Foreign exchange trading course. Creating the best expertise and skills in trading in the world's largest and most liquid market in the world will most definitely help you make it to the leading as well as attain your dreams as a Forex investor.

submitted by AdolfoHawkins55 to u/AdolfoHawkins55 [link] [comments]

Autistic "Super Powers"? I think my "super strength" comes from Austim, as well as all other mental and physical gifts I have, and find being autistic/asperger a true gift. This is not a joke, have a video to show it's true.

Hi all, I found I am Asperger some weeks ago, explain that at the end, and want to find other cases like me, or opinions about these gifts and Asperger.

But, does any of you see Asperger Syndrome as a wonderful think like I do? I always loved to be who I am, and now I found that probably all the "gifts" I have come from Asperger Syndrome.

One of them, I really want to know if it's related to Asperger, is "super strength", and would like to know if any of you aspies like me have also an abnormal physical strength.
Here you'll see what I am physically capable of, without any training at the time, 5'11'' tall by 140lb bodyweight (body mass index of 19/20): https://www.youtube.com/watch?v=3zuabvEjcdQ

I found this when watching Stan Lee Superhumans, I decided to imitate and noticed I could do those things, roll frying pans, bend horseshoes, etc.

Other physical characteristics:
- No Cold - I don't feel cold in my country, have tried to be some hours at the snow (below 0ºC or below 30 Farenheit), use just a tshirt the entire year even near 0ºC and below heavy rain and with fog, and dropping water from my clothes, I can feel the weather is colder, but doesn't affect me or give me pain, or something (correct me if I'm wrong, but I think this can relate to pain tolerance as an autistic characteristic);
- Never Get Sick - Even being at the rain, with 0ºC I never get a cold, etc;
- Pain Tolerance - Have bent (have it in video) a St. Croix 2 horseshoe barehanded the first time I've tried it, heart and paperclip shape (think it's an autistic trait sometimes also);
- Hyper sensitivity to light (but see very well at dark and love to be like this);
- Hyper sensitivity to sounds (hear very well, but seem deaf while in shoppings because of the noise);
- Can be the entire day without eating or drinking and even carrying heavy weights at night without getting weak;
- Etc;

Psycologically (sorry about my English) it was always great:
- I'm a self-taught polymath, learn everything very fast, start computer programming as a child, created softwares, freewares, developing now a C++ 2D game engine, developed mechanical trading systems, one of them gave 19,000% profit in Forex in 3 years, created new statistical and math formulas, wrote ebooks teaching how to invest, in my country, created successful websites, and teams to manage them, etc;
- Done lots of jobs, system administrator and software developer both in the biggest IT companies in my country, done also as electronics, trading, banking, consulting, etc (liked to try new things), but only did 12 years on school didn't want to go to universities;
- Can do the tests neuro-typical(or all?) people say that it's not possible to do, even wrote 2 different sentences, in 2 keyboards, on hand per keyboard, at the same time, while looking at a person talking to her at the same time (3 different things);
- My motor skills are (in my point of view) perfect for me, even done skateboarding tricks that only Rodney Mullen from US would be able to do at that time, like "shove-it 180 to late underkick-flip 360", etc;
- Tried arts, on my first day with a synthesizer, created several musics without ever having learned how to play, it's like I was already born knowing how to play. Example of first tries:
https://www.youtube.com/watch?v=gWE0vUWAHEI&index=2&list=PLswCft9xAHt9AAf81r1odbyMzsx-220dI&t=0s
Or slow ones:
https://www.youtube.com/watch?v=6Q_Yfy0SA-k&index=5&list=PLswCft9xAHt9AAf81r1odbyMzsx-220dI&t=0s
On the first two weeks created several and then stopped.
- For one month I painted in soft pastels and also drawn in carbon, and made photo realitic drawings of people's faces, did some cool paintings also. I've read Music is like Mathematics, but paintings?
- Studied several areas, and keep thinking some geniuses were sometimes dumb, like Einstein is a genius and I have the upmost respect for him, but in my point of view we can never reach a TEO with Time because Time doesn't exist, it's an abstract concept we use objectively, Space isn't mixed with Time, I think several things Hawking said are plain stupid, I don't agree with super string theory, M theory, etc, and I could be the one wrong anyway, but I always strangely never considered these geniuses's theories like, bullet-proof theories, while everybody does. Like I probably have too much self-confidence. But Time doesn't exist anyway lol.
- Memory - Remember the most incredible things from my past like if it were videos, from 40 years ago, including sounds, smells, etc.
- Ageing - People say I look a lot younger, I'm 40-43 at the videos (is this a trait?).

Well, I don't know how to explain, but whatever I try to do I always was able to learn quickly and do well or it seemed (like in arts) that I was already born knowing, not sure how. So I always thought it was born with me, in my genes but didn't know how.

Some weeks ago I found some hidden papers from my mother, from 1977-1981 when I was 2 to 6 years old, saying I was autistic, I didn't talk, I had pendular motions, etc. I was amazed, it was my name that was there, because I felt always the smarted guy in my schools, although I never studied and had an average of only 14/20, because I didn't care, but to see that, saying I couldn't speak well, didn't want to speak, etc, was strange to me.

At that time, in my country, a child was considered mentally retarded when autistic, or else, a normal child. So my mother refused to accept I was autistic and put me into school and my doctor approved because he believed I could adapt. And I didn't. I've done some asperger tests some weeks ago, and noticed I was asperger, and had a friend psychiatric doctor confirm it to me. From 32 to 40 on the regular tests, still exibit 9 to 11 of the 14 autistic traits that are in some papers, etc.

But nobody ever noticed that in my, I don't have anything visible, just being called eccentric, sometimes being caught with 2 hands in the air imagining stuff (like in the movie Aviator), used the same equal clothes everyday (black), ate the same food 5 years everyday (because I don't like to cook haha vegan raw food was quicker), used just the same spoon and fork and knife to eat, walk in mathematical patterns in the street (fibonacci, etc), notice car plates all the time, like to be alone, don't like people to touch me, love to see water flowing, am always spinning pens in my hand, very distracted (I thought I just had ADHD because I give positive on those tests), but it was strange how I could program 10 hours in a row without stopping, like a machine, very quickly, etc, etc (people call it being in "the zone" in computer programming).

I mean, I knew I was different but didn't know why. When I found I was asperger, everything made sense, even why I sometimes didn't understand why people are so sensitive to some stupid words and sentences and consider me insensitive sometimes or rude. But I like being like this, don't want to change, I'm not rude, but I'm now a very sensitive guy to human things anyway, just to animals (I'm an ethical vegan).

My friend told me that my mind compensated (I don't know my IQ I just know it's a lot higher than the limit they had at the tests they gave me at the time, I've done everything well and well before time and never wanted to know, I feel it's irrelevant), and it made me have no bad traits.

I even eliminated the Obsessive Compulsive Disorder I had, nowadays I just walk in patterns but I like it, it's like a game. He says I just have nowadays what I can't remove, what my mind can't correct, which is the distraction, the not understanding why people is so sensitive to some things, not having the will to be with friends often, etc. Some years ago (3/4) I read that not looking people on the eyes was a weak trait (on job interviews) so I practiced it and now can be 1 minute or more looking someone in the eyes, don't like it but got used to it. And over-think things, get obsessed to find answers, routines, using equal clothes, etc. But all cool things, nothing that I consider bad.

But I can make friends, I can talk in the stage in front of 1000 persons, I've gone to the tv, I can make conversation with strangers and be friends, I can always guess who have the fake smiles on photo tests, I can recognize emotions (although sometimes when distracted or furious I forget that and even had 2 persons crying with things I said, unintentionally). My friend said my mind probably compensated that and I learned how to identify emotions and fake smiles, etc, artificially, and now I don't know it's artificially because I didn't try to learn intentionally. So probably I learned that throughout life.

So basically, it's like I just had left the cool things, that don't affect my life much. And I consider them like "super powers", I know this seems stupid, but that's how I feel, and love to have these traits. I say "don't affect my life much" because one girlfriend in 2009 stopped walking when talking to me, and when I noticed and turned back she was like 15 meters from me furious that I didn't listen to her.

Anyway, I see Asperger as the source of all these gifts I have, physically and mentally. I even think that above peak human performance strength can be also a rare trait from autism. Da Vinci had it, not only me! Because people said I looked like da vinci for being a polymath but I said "No, I can bend steel bars with my hands!" but then I found Da Vinci had an abnormal strength, was asperger, and could bend horseshoes with his hands also!

So I even created a video in English (terribly spoken though):
https://www.youtube.com/watch?v=Jy0K4UvVOo4
To try to convince other oldtime strongmen to do the asperger tests, because if I found more than 1% of aspergers in steel benders/oldtime strongmen, like 10%, 20%, I could statistically prove something. And I bet several of them are as I now recognize their behaviours as typical aspergers. But they don't want to answer it, maybe they are afraid of admiting or knowing, some seems to be for other reasons (believing other things).

So, does any of you have an abnormal strength also? Is there any study that related strength and aspergers? And do any of you think of asperger syndrome / austism like a source of "super powers"? I would like to have your opinions on this.

Sorry for my terrible English I've written this in a few minutes, and I'm Portuguese.

But I really want to find out if are there other cases like me, that moved from a (severe?) autistic child (or maybe just autistic? not even know as I don't have more papers from that time, just found 2), to a kind of "borderline" aspie like me. I'm not sure if I can be considered "borderline" because I have 9 or 11 from the 14 general autistic traits, rate 32-40 on the regular basic tests, and others also high. Although on the empathy tests I have usually 20 or higher, not below (above 30 seems to be the typical).

But as I love to be who I am and can do whatever I want, make friends (just don't like to be with them all the time or feel the need to), etc, I consider myself a "borderline" aspie, I was a much more severe case in my childhood, took 2 years in the primary school just to adapt my teacher was great, never went to special schools.

I consider myself a borderline aspie (ignoring test results) because I don't have "clumsiness", read people's faces, predict human behaviour well, can manipulate people, read fake smiles, use and abuse of sarcasm and irony (although I think some stuff people think it's funny is not funny at all anyway), etc. Am I a "borderline" aspie for this, or with all my traits a regular aspie but learned to appear "borderline"?

Anyway I would like to know if there are cases here like me, and that think being asperger is a gift (or source of gifts), and specially if are there very strong aspergers, I need to prove to myself that there is a link between autism and "super strength".

Can anyone tell me something about the Da Vinci - Asperger - Super Strength connection? Am I being crazy?

Are there kinesiologists, or psychiatric doctors focused on Aspergers that could study this? I would gladly allow some studies like D.R. has done in Stan Lee Superhumans, if this could help us learn more about Autism.

Thanks! Sorry for writting too much, I can't write few words. And thank your help in advance.
submitted by gnmf to aspergers [link] [comments]

Craziest true story you've ever read, can almost guarantee.

I want to start this off by stating that this is really personal & my mind jumps all over the place when I talk about the whole situation, so pardon me if I ramble or forget some details. Please also try to understand the circumstances.

My father used to work in the Alberta oil fields, in 2015 he got engaged & started working in our province so he could be home every night. Shortly after his return, an old friend of ours stopped by and they were catching up on old times when he told my dad that he was trading on the Forex market. This friend (let's call him Matt) bet my dad that if he gave him $500 he would be able to double it in a month, skeptical but with nothing to lose my dad agreed and sure enough later Matt came back with a cheque for around $1,000. We were all shocked & surprised and so they set up a deal where my dad would give him however much money and Matt would take a percentage of it as compensation which was perfectly fine. A year goes by and both Matt & my dad have earned a lot more money, my father was moving more from the "investments" than he was making at his job, around that same time my dad started having relationship issues & temporarily moved into a house with Matt & I would go over on weekends and watch Matt trade, it was fascinating and I wanted to learn how to do it. Not long after moving in, Matt tells my dad that he's officially opening his own investment firm, got all the proper licenses, and was going to start trading for other people & asked my dad if he would be interested in a "sales" position in which he would pitch the whole idea to potential clients, now aside of all of this my dad was working a very labor intensive job which was killing his back, he was making more from his investments than work, and the position he was offered paid $50,000 per month so he agreed.

So it started off slowly with close friends and family, the minimum investment was $500 for 3 months & there were 2 different plans you could choose from no matter how much you chose to invest, you could opt for a plan that would pay you back your initial investment if it was lost but the company would take a larger percentage of the earnings, or you could use plan 2 which was more aggressively traded & earned more money however if the money was lost then you would not receive anything in return. I had invested $500 of my own money for 3 months and ended up with $1200, there were some people who were cashing out $100,000 cheques and word got around and there was a huge surge of people investing their money. Everything was smooth sailing, everyone was getting paid and personally our family was doing extremely good. My dad was now making $600,000/yr plus his investments which added another $180,000. Matt hired around 5 more people to do sales with my dad, 3 people for reception, and even hired some people from Wall Street to help with the trading.

The hardest part to convey about this whole situation is that everyone thought it was legitimate, and when I say EVERYONE was convinced I mean EVERYONE. Police officers, fraud investigators, everyone believed it was real & invested. Back to the main story, it is now 2017 and we have a nice house, a Lamborghini, a Mercedes S550, an Audi R8, and a Porsche Cayenne. Life was going good but with the stress of how massive the company was getting in such short of time my dad planned for a nice March break vacation in Mexico. So March break comes around and we leave for Mexico, 2 days after being there my dad gets a phone call from Matt saying "The police just raided the office, I don't know what's going on but it'll be fine. I'm heading down to the police station to figure it out." Instantly we were all panicked, sitting & waiting for a call back. Several minutes afterwards my dad gets another phone call from a detective who we'll call "David." David tells my dad that Matt has been taken into custody and that they had been investigating Matt's company for several months on the suspicion of fraud, and that he will be arrested when he returned to Canada as well. Obviously shocked & confused my dad continues talking to David and they agree on a plan for my dad to turn himself in once we got back instead of the humiliation at the airport & in front of his family. We tried to enjoy our vacation & then our last day came and we were heading back to a world of chaos. The flight home was mostly silent and I could tell that my dad was scared, angry, confused. We land and slowly walk to the front of the airport, we stood at the front for about an hour just hugging each other, but we knew eventually we would have to leave.

We knew we had to say our final goodbyes & walked away in opposite directions. That would be the last time I saw my father for the next 3 months. My dad turned himself in the next day and then began the fight for his innocence. They seized his bank accounts, took his cars & house away, anything they could take they did. They wanted to charge my dad with fraud & several counts of proceeds of crime over $5,000.

*Now I just want to take a pause to state that my memory of these events are less clear (despite being more recent) because I was dealing with my own personal issues & harassment from people thanks to these events\*

My dad had no money for a lawyer because his accounts were seized, but he managed to get a deal where he would pay them after the trial. Meanwhile for whatever reason Matt still had the office building despite & he was allowed to sell it and use the money to pay for his lawyer, which I think is fucking ridiculous. Matt acted like nothing was wrong, completely emotionless & without a single care of the situation that they were now in. We would visit my dad every Thursday and Matt always had the exact same visiting time so we'd always have to see him, I hated him, I do hate him. My dad was only supposed to be in jail for 2 weeks but they held him for 3 months. They let Matt out before my dad, and Matt was the one who was behind all of it.

I was never involved with the court stuff, so I can't talk about that. Most of the time was spent dealing with threatening messages from people all over our city & province. My sister was even harassed at school by a TEACHER. My whole entire life I was able to deal with really hard situations but this whole thing broke me, I'm not the same & I'll never be the same again. I failed almost all my classes in school, my attendance was next to none, and nobody understood what was going on or what it was like. My whole life was destroyed. After 3 months it is now June 2017 my dad was finally released from jail & the only charge he got was one count of proceeds of crime over $5,000. It was amazing to finally have him back and it lifted a big weight off my chest, but now he had to deal with thousands of angry people who knew who he was & for the wrong reasons, and he had ZERO money because they took away everything. Zero money, $100,000 worth of lawyers fees, and no job... Who is going to hire someone with thousands of people who hate him?

Luckily my step mom was able to help out and keep everything afloat while he found a new job & slowly we tried to get everything set back into order, but then another issue arose thanks to Matt. Matt decided to take money from people in the mafia & invest it for them, and when things went down they came to our doorstep. So they demanded to be paid at least half back by my dad by a certain date or else there would be consequences (which I'm sure you can put 2 & 2 together) because they couldn't find Matt. Eventually my dad found a job, gave the mob what they wanted so they'd leave us alone, and was able to start paying off his lawyers fees & start saving.

So now we're in 2018-2019, people slowly realized that my dad was innocent & stopped hating him, but a lot of friendships were still permanently lost. The good thing was that people started turning their attention to Matt who is still going on about how everyone was going to get paid back, which neither I or anybody else believes. I briefly got to read the report on the whole investigation and they had seized about $20,000,000 in cash/cheques from Matt's office. The police said that they were going to use all the money/assets seized to pay everyone back their initial investment. They also said that they were going to use all the stuff they took from my dad to help pay back everyone, but it's been 2 years and nobody has been paid back & the police have just tried to push everything under the rug.

My dad was completely fine with giving all the money he earned from working at the company back, they have all the bank records & can trace back to when the payments first began but they insisted on taking everything including his life savings from before he even started working for Matt & they took mine & my sister's college savings.

Our lives are relatively normal now, although it'll never be the same. My dad has a good job and is just trying to put everything behind him. I've graduated from high school but since they took our college savings away I can't afford to go, but I'm working myself to save money. Matt was supposed to be convicted about a month ago & it was suspected he would go to jail for 15-20 years however his lawyer became a judge so they pushed back his sentencing another few months (of course), so he's still roaming free.

I believe Matt is a sociopath, absolutely no regret or remorse for anything he's done. Matt also doesn't realize that there are people who want him dead & have put prices on his head both in the free world & in every prison. If I'm being honest, Matt will probably die but after everything we've been through I can say that I don't care what happens to him. It doesn't involve me or my dad or my family, it's his own issues that he caused.

I know I may have jumped all over the place trying to explain this, I probably forgot a lot of details. I just want to move on from this whole situation and I feel like writing it all out best as I can might help. Whenever I think about it I realize that it truly is unbelievable and sounds like something out of a Hollywood movie, but it's my life & it's what I'm dealing with to this day. We thought Matt was our best friend, he was like an older brother to me & he literally ruined our lives, guess you never know who you can trust, right?

P.S not looking for anyone's input on the situation so don't waste your time.
submitted by mcguirekal to stories [link] [comments]

Facebook has allocated $ 1 billion for the construction of houses in California

Facebook has allocated $ 1 billion for the construction of houses in California
Facebook has allocated $ 1 billion to build affordable housing in California, the company said. The founder of the social network, Mark Zuckerberg, also spoke about this.
https://preview.redd.it/dajc1x190au31.png?width=840&format=png&auto=webp&s=03dfcd1ff78ab7fcc70da240406a730ba37db969
The headquarters of Facebook, like many other large IT companies, is located in California. Highly-paid specialists are moving to the staff - because of this, housing prices are rising, and families with low incomes have problems.
According to Facebook, the state government cannot independently overcome the affordable housing crisis. Facebook's investments will be directed to the construction of 20 thousand homes for "vital workers" - teachers, nurses, and emergency workers.
The problem of affordable housing affects not only low-income families but also the middle class. In San Francisco, a family of four with an income of more than $ 100 thousand per year is considered to be low-income, the company said.
Over the next ten years, Facebook plans to invest another $ 1 billion in state housing:
• $ 250 million for the construction of housing complexes for people with different incomes on empty land owned by the state.
• $ 150 million to build affordable housing, including housing for the homeless, in the San Francisco Bay area.
• $ 225 million for construction on Facebook-owned land in Menlo Park, where the company's headquarters are located. There will be built more than 1.5 thousand housing units for people with different income levels.
• $ 25 million for housing for teachers and other professionals for the San Mateo and Santa Clara school districts.
• $ 350 million for additional liabilities.
By the way, In June 2019, Google announced that it would invest $ 1 billion in housing construction in San Francisco. $ 750 million will be spent on the development of 15 thousand houses, and $ 250 million will be spent on creating an investment fund for developers who will build five thousand units of affordable housing.
You can find more information about the stock market, commodity market, and FOREX on the ITRADER site.
This material is considered a marketing communication and does not contain, and should not be construed as containing, investment advice or an investment recommendation or, an offer of or solicitation for any transactions in financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84.16% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Legal Information: ITRADER is operated by Hoch Capital Ltd., a Cypriot Investment Firm (CIF), authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under the license no. 198/13, in accordance with the Markets in Financial Instruments Directive (MiFID II).
submitted by Itrader_com to u/Itrader_com [link] [comments]

How is Good Academic Records Important?

How I flipped around the conventional model to recover from my school past failures…
Imagine my story as if it was you and what you would have done…

When I was at school, specially from 11 years old to 18, I always hated doing homework. I was very alert and conscious that I am probably living the best years of my life and I didn’t want to pass my time, precious young time, to fulfil my homework duty. Yes! Because I have seen it more like a job not being paid and always told to myself, if it was for me, I would do it, but it is more a society thing, for the parents, the teacher or other people that I didn’t care of. What I wanted to do was only enjoying my young life moments.

The result of that was terrible as I had very bad scores and was almost always close to do a second year. I managed (And I still don’t understand how?!) to get my middle school certification and succeed at the exam. Maybe because I had some interests in science. This strategy had definitely found its limits there since it didn’t work in high school where I followed the scientific path but failed twice (two years in a row) on exit exams.
Why?
· The right mindset wasn’t there.
· The cons of freedom (LoL) gave me the opportunity to do what I wanted
· No real structure at school to face or identify those issues and address them appropriately.

Then went to the army for a year and decided thereafter to go in the job market. My strategy was just to find a job, then evolve in the company. But it wasn’t that easy. I followed an internal training at Disney to become a leader. I gathered most of my experience there, and it is still serving me now. It is one of the best schools of management I ever been to. I would definitely suggest you to start there. The issue was the income, I was performing so well that I was earning the same as my supervisor and wouldn’t get any pay rise in the next 5 years.
Lesson:
· If there is no scope for the next 5 years for you, just move on! X, Z, Millennial … It doesn’t matter, that how it goes today, people don’t want to be hire and stay at the same position until retirement. People evolve or have self-promotions by getting a new job with higher responsibility.

I then decided to sell apartments. It was my first experience has a business director, I was 25 years old and after I one year I wind up the company I have created. It was so tough, so dirty market, the competition was using colluding technics to keep their monopole, this with the sectors notary practices. Anyway…
Lesson:
· Save, save, save money before starting any business because licenses, taxes, insurances, transport, coffees with clients…etc… starts to be a lot when you are not making sales. And, it is not easy to make a sale.
· Get a mentor, learn as much as you can, do some internship and ask a lot of questions to prepare your plan for the future company that you want to create.
· Know your gapes and train yourself or with a professional help to tackle your.
Let me explain why the title is about “Good Academic Records”

I was so bad at languages, I learned Spanish and English for 7 or 8 years. But if you have red the beginning you will understand that I wasn’t also good at it because of my attitude towards school.
I decided to go the Netherland where I found a job opportunity in Amsterdam. After 6 months, I was able to market, write reports, do some accounts payables and support, All in English!

I then went in Spain, one week in Cordoba and another in Barcelona, I stayed with Spanish families who brought my Spanish level to the perfect fluency (some extra trips at Lloret del Mar also. But it’s been a while I didn’t use Spanish; I might need 1 or 2 weeks to regain my level).


Lastly but not the least, I went for a year in Japan and learned Japanese as well, working in English, socialising in Japanese after work. I was working in the Forex market and then I worked for Abercrombie&Fitch helping them to open their first ever store in Japan (Tokyo, Ginza Store).

Then everything changes and started to become interesting…
A friend of mine told me a story about his uncle who wasn’t very good at school and everyone was laughing at him. He arrived to the age of around 35 years old and didn’t say anything to no one and starts studying. He surprised his all family after 7 or 8 years when they knew that he became a doctor. Now he is making more money than anyone else. This story, I didn’t believe it and tested my friend several times in different moment of life and different time. I understood that it is true. I kept it on my mind.
We were unemployed on that time and struggling:
My friend: I have an uncle he is a doctor in the South of France.
Me: Oh! Cool, but why are you talking about him now?
My friend: He’s been a very bad student and stayed unemployed for a while.
Me: Hahahaha, ok! you telling me that because of our situation. Hahahaha
My friend: Everyone was making fun of him, but in his back and he could guess it.
Me: I hate people talking in the back of others.
My friend: But you know what? One day he decided to go to the medicine faculty and secretly started studying. (in France you can study for free or almost).
Me: I can guess what you are going to say, but I don’t believe you hahaha
My friend: NOOoo! I swear! listen! After 8 years struggling, he became a doctor in his mid-40s and now he is super rich. And he is proud and humble.
Me: Popopopo! What a story! It is impossible!
My friend: No, it is possible, I witnessed it. It proves that we can make it…

The power is on your hands story! Game changing for me…
Big meeting with myself to reorganize everything! Same as in the picture below!..or almost (LoL)

In 2013, at 31, I didn’t tell anyone around me and decided to jump into a plane, booked my hotel while flying and went one year in Australia and have seen how the environment was. I never felt like this before. It was just the perfect environment for me to restart everything.
In 2014, I started a Diploma of Management learned many things, but more than everything, it was my first return to the model I hated when I was kid, but this time, it was for myself and to validate all the things I have learned in my working journey around the globe. One year after, in 2015, I graduated with high distinctions.
In 2016, I decide to keep going, I started a Bachelor of Business Accounting. It was even more exiting for me and a big challenge. I managed to finish it in 2 years and half, in 2018. I was first in my promo and had a GPA of 4.6, got the Academic Excellence Award.
Now in 2019, I have created my own business and I am learning, learning and learning! More and more! Always! I learn by doing. It is a test to see how good I will be this time in my business venture compare to the time when I failed in my real estate adventure for example.
Good Academic Records! That was the title! The lesson is to not just give up because we all have different journey in this life. Good academic records are not crucial but can build confidence!
· It is more delicious to enjoy your achievement when it is for the pleasure of learning.
· Good Academic Records didn’t help my friends in general to get a better job but having a good network, Yes!
· If you want to become a doctor you better study while you are still young because the story of my friend’s uncle is super pretty rare and it is time consuming study.
· Nowadays, more and more companies are focusing on work experience rather than academic achievements. The sector of IT is the best example of it.
· Sometimes you don’t achieve anything but some people around you do. Talk about them around you, you might influence the life decisions of your friends in a good way giving them hope and pushing them to do differently and be inspired by your story.
Today I am trying something new that I always wanted to do, open my own store, I don’t think that it requires good academic records to do so as numerous examples proved that timing in life is more important than anything. I just studied at the right moment and had the chance to experience a lot.
What about you? What was your path? Are you also wanting to get out of the conventional road and take risks?
(I asked the question not in Reddit but didn't get anwer yet)
submitted by FunOnlineWorld to NoStupidQuestions [link] [comments]

10-16 02:23 - 'Hurling Rocks at Caimans: A Cowboy's Tale' (self.Bitcoin) by /u/mine_myownbiz13 removed from /r/Bitcoin within 56-66min

'''
In 1991, my mother had the foresight to leave Venezuela for the United States. She sacrificed a medical profession, her family, her friends, and the comforts of her own land and culture. It was before Chavez, before communism, before famine, before societal collapse. She didn’t know it at the time (perhaps she felt it), but she was saving our lives. Recently, I was asked by her brother, my uncle, to give some words of advice to his youngest son, whom he sent to live in upstate New York earlier this year in the hopes that he might find some opportunity there. He’s 17 and fascinated by cryptocurrencies, but knows next to nothing about them. I wrote this letter for him.

Hello Cousin,
I write you in the hopes that you will take away something useful from my own experience.
There’s a saying in English that’s always stayed with me, “There’s no such thing as a free lunch.” In other words, nothing in life is easy, not money, not love, not anything. Nothing worth your time is ever going to be easy. There’s no free lunch!
I first got into trading in 2008. Your dad had heard from a friend that Citigroup stock was going to pop soon and that he should buy it. The US Stock Market can only be traded by U.S. citizens and special types of corporations, so he asked me to act as a proxy for his investment, and I did. I did it because I thought it would be a get-rich quick rich scheme that I could learn to do on my own. At this time I was in graduate school and unsure of what to do with my life. I’ve always been good at school. It’s easy for me. I had professors telling me I’d make a great scholar or a great lawyer, but at the time I was teaching middle-school English in a poor neighborhood of Miami. I had a big decision to make.
Naturally, I decided to get rich quick! I spent 2-3 months reading books on stock trading and executing simulated trades on practice accounts. I learned to work a variety of trading platforms so that I could trade several markets around the world, which I did. I quit my job in the fall of 2008 and took my entire life savings of $20,000 into the market. The broker gave me 3.5 times leverage on my money and I had $70,000 of available trading capital. When your dad made his deposit my account had a trading capacity of over $2,000,000. With that kind of margin, I was able to turn $20,000 into over $160,000 in less than 9 months! I was making over $15,000 a month. As a teacher, at the time, I think I made about $2,700 a month. So, as you can imagine, I thought I was a genius! I was getting rich quick, right?
Wrong. There’s no such thing as a free lunch. When your dad sold his share of stock being held in my account I was also forced to liquidate my own positions. I had bought call options on the future price of Apple stock, and the way that kind of trading works is that your money is locked until the future event you are betting on occurs. If you liquidate before a certain date there may be a penalty to pay. In my case, it was $35,000. After this, I had the good sense to step away for a moment, to cash out my chips and think about what came next. Also, I didn’t have a $2,000,000 trading desk anymore, and without the added margin, there was no way I could continue to trade the way I wanted to. I wanted to make medium to long term trades, because one of the first things I learned along the way is that short term trading (day-trading, scalping) is, for the most part, a scam. There are technical reasons for this, but trust me, short-term trading any market, be it cryptos, stocks, or commodities is a bad idea. You will lose money with an almost 100% guarantee.
I walked away from the stock market in 2009 with $150,000 cash but no market to trade it in. So, I did the next best thing: I bought a nice new car (in cash), took a crazy trip to Europe, and consumed over $25,000 worth of shit I didn’t need, and when it was all said and done, I went back to teaching. I taught at an even poorer neighborhood this time. I had gang members in my class. There were arrests on a monthly basis. Some of the kids had psychological problems, emotional problems, learning disabilities, and many of them were being abused at home in one way or another. This was a middle school. Twelve year-olds. I did that job and others like it because I believe in morality and in helping people. That’s the reason I’m writing you this letter, because I want to help you, and I think it's the moral thing to do. And you’ll see what I mean by that when I tell you about cryptocurrencies and the blockchain later on. Anyway, during that year of teaching I discovered a new market to trade. One that would give me 100 to 1 leverage on my money. One where I could manage a $5,000,000 trading desk with only $50,000! That market is called FOREX, and its the global “fiat” currency market. It’s the opposite of the crypto market, which is the global “digital” currency market. More on what all that means later, but for now just understand that FOREX is the most liquid and highly traded market in the world.
After the school-year ended in May of 2011, I took that summer off to research the FOREX market. I read many new books on trading, which were specific to the currency markets. I watched hundreds of hours of video on technical analysis and even more hours of “financial news,” which is mostly economic propaganda, but I won’t digress here. The point is that by late August of 2011, I was once again ready to dive head-first into trading. This time, I thought, it would be even better, because I’d have even more money to “play” with! This time, I thought, I’m going to get rich!
I’ll stop here and tell you that the journey up until this point had not been the smoothest. While trading stocks there were many days when I lost hundreds, thousands, and even tens of thousands of dollars in hours, sometimes in minutes! You may imagine the added level of stress I had to deal with because I was trading with my entire life’s savings and my wife had just given birth to our son, Sebastian. He was a toddler at the time. I’ll give you a brief example of trading’s unpredictable nature, and the unpredictability of financial markets in general: I had spent several months preparing for my first live trade. I’d read many books and practiced my ass off until I thought I was ready. I had a system, a strategy. I was going to get rich, quick! The first week I traded stocks I lost $10,000 in 3 days. I will never be able to fully articulate what it feels like lose 50% of all the money you’ve ever had in less than 72 hours. All the while knowing that if you fail, it will be your family who suffers the most.
You might be wondering: “Shit, why’d you do it?” or “Why’d you keep doing it?” That’s understandable. After all, my academic background is in history and political science, not finance and economics, not statistics. Well, cousin, I did it because I’m a cowboy. A risk-taker. I’ve always been one. I remember being four or five, at our grandfather’s farm, and lassoing calves in the cattle pen by myself. Men were around, but they let me do it. Although, in retrospect, some of those calves were twice my size and could have easily trampled me, I don’t ever remember feeling scared---I loved that shit! I remember sneaking out and walking down to the pond, then going up to the water’s edge to see if I could spot the caiman that lived there. I would even hurl rocks at it sometimes, just to see it move! Another time, I found myself alone in the dark with a 15-foot anaconda not more than a yard away, and all I could do was stare at it, not out of fear, but wonder. Again, in hindsight, probably not the best of ideas, but I’ve never been scared to follow the path laid out by my own curiosity. I am a natural risk-taker. I tell my city-slicker friends that it's because I come from a land of cowboys, where men are born tough and always ready for a challenge. Cowboys are risk-takers by nature, they have to be, the land demands it of them. There’ll be more on risk-taking and the role it plays a little later, but for now, let’s focus on FOREX and what I learned from it.
After the school-year ended in May of 2011, I took that summer off to research the FOREX market. I read many new books on trading, which were specific to the currency markets. I watched hundreds of hours of video on technical analysis and even more hours of “financial news,” which is mostly economic propaganda, but I won’t digress here. The point is that by late August of 2011, I was once again ready to dive head-first into trading. This time, I thought, it would be even better, because I’d have even more money to “play” with! This time, I thought, I’m going to get rich!
Trading FOREX was not easy. The hardest part was that it had to be done between 3:00 am - 11:00 am, because these are peak trading hours in London and New York, where the majority of the market’s money resides. This means major price moves, the price swings that can be traded, for the most part, happen during this time window. For me, this meant I had to live a type of quasi-vampiric lifestyle, waking up at 8:00 pm and going to sleep at noon, every day. At first, it takes a toll on your social life, and eventually starts to affect you mentally and emotionally. There is a certain degree of isolation that comes with it, too. You are awake when your friends and family are asleep, and asleep when they are awake. It can get lonely. However, my first six months of trading FOREX were OK. I wasn’t making $15,000 a month anymore, but I was making more than I would have been, had I been teaching. However, I had a deep-rooted feeling of uncertainty. Although I’d had some initial success in trading stocks, and now currencies, I’d always felt, at the back of my mind, that I’d just been lucky, and nothing more.
This fear materialized itself in June of 2012 when the strategy I’d been using for some time was no longer profitable. I panicked. I started experimenting with new strategies, which only made matters worse, and lead to even more panic. It is no exaggeration to say that trading is one-third mathematical, and two-thirds psychological. No amount of books, videos, or paid mentorships, which I also consumed, had prepared me for this eventual reality check: I didn’t know what the fuck I was doing. I had no clue.
I left FOREX humbled, with barely enough money to buy a decent car, much less trade any time soon. The next two years, 2013-2015, were some of the hardest of my life. Harder even than 1991-1993, which, up to that point, had been the worst couple years I’d ever experienced. Those were my first years in the United States, and they were full of hardship. A type of hardship I’d never experienced before, and never have since. Remember the school I mentioned? The one with the gangs and the troubled kids and all the poverty? Well, I attended schools just like that as a kid, too, until I turned 15. I had many more encounters with caimans and anacondas there, except now they had first names, and for some reason, were always more prone to strike! Anyway, those were tough times, but not as tough as the post-FOREX experience.
Failure at FOREX took a mental toll on me. After all, I had gambled everything, my entire future on the bet that I could earn a living as a professional trader. I realized I had failed because of my own intellectual laziness. I always knew I had been lucky, and instead of using the wonderful gift of leisure-time the universe had granted me through that initial success to fill the knowledge gaps I knew would keep me from true and long-lasting success, I let my ego convince me otherwise, and talked myself into making decisions I knew to be extremely dangerous and outside my expertise. I wanted to wrestle the caiman! Cowboy shit. Irrational, youthful folly. Needless to say, I lost 80% of my account, which was also my family’s savings, in less than four months.
Now, I had a real problem. How was I going to pay the bills? What was I going to do with my life? I was 30 years old, had a five-year old son, very little real-world work experience and a college degree in history and political science. How was I going to make money? Serious money? Enough money to help my mom retire and give my son all the advantages I never had? Enough to deliver on the promises I had made to my wife during all those years she put up with my crazy hours and wild ideas about getting rich quick? What was I going to do now? I tell you, cousin, these are the kinds of questions you will find yourself asking if you do not heed my advice.
I didn’t want to teach anymore. I didn’t want to do anything anymore. I was depressed. I had what we call here in the United States, “a quarter-life crisis.” I abused alcohol and drugs to cope with the pain of my failure. I was weak. I was unprepared for the realities of life. I did not yet understand, even at 30 years old, that there is no such thing as a free lunch. I won’t dwell on the specifics of the hardships I endured during these two years, except to say that I almost lost it all, including my life, but I’m grateful I didn't.
However, it was also during this period, 2013-2015, that I began to fill gaps in my knowledge about markets, economics, and the nature of money itself. Gaps I knew would need to be filled one way or another, if I was ever going to trade or invest in anything again. Luckily, towards the end of my FOREX days, I had come to realize there was something wrong with all the information I had been given by the mainstream media, specifically on the topics of economics and finance. I noticed that nothing they ever said about the markets turned out to be accurate, that mainstream financial “news” could not be trusted for investment purposes. It took tens of thousands of dollars in losses and several years of headaches before I learned that lesson. I’m glad I finally did.
I decided to use the last bit of money I had left to buy some gold and silver (by this time I had begun to understand the definition of sound money) and to open up a brick and mortar business. I did not want to work for anyone else, only for myself. I wanted to be an entrepreneur. The trouble was that the only business I had enough money for was a mobile car wash. So, a friend and I bought a van, some pressure cleaners, a whole bunch of soap and got to work! We were going to hustle hard, work warehouse and shopping center parking lots, save enough to reinvest into our business and go after the luxury car market. We were going to charge rich people $1000s to detail Ferraris and Lamborghinis, and it was only going to take six months, tops! Great plan, no? Easy money, right? Well, we washed cars for exactly one day before we realized what a terrible mistake we had made. It turns out car-washing is a backbreaking, low-paying, and degrading business. There’s no free lunch, remember that.
My friend and I were lucky. We quickly transitioned our business from a mobile car wash to a painting/pressure cleaning company, and had immediate success. In less than two months we were hired as subcontractors by a much larger company and I was more or less making what I had made teaching, but working for myself. After a couple of months, my partner and I were already envisioning the hiring of our first employees. Cool, right? No. About a year after we started the business, my partner, a high-school friend of mine, a guy I’d known for more than ten years, decided he didn’t want to do it anymore. That he was too tired of the hardships that come with that kind of work. Tired of making the constant sacrifices required to be successful in business. So, he quit. I lost everything I had invested, because without him, I could not operate the business on my own, and our corporate partner dropped us. I begged him not to quit. I told him that business takes time, that there’s no free lunch, and that we would be rewarded at some point for our hustle and hard work; that we would be able to hire laborers to do the work in less than 6 months, and that we would then focus on sales, and start to make some real money. He did not care. He had his own demons, and chose to steal from me and end our friendship instead of facing the hardship head-on. By this time, however, I was already used to failure, and although I was still coping with the mental stress of having failed at something I once had thought would be my profession, it still did not stop me from following my curiosity, as I always have.
It was during these years that I first learned about Bitcoin. About blockchain. About the nature of money, economic history, the effects of monetary policy on financial markets. I’d wake up at 6:00 am every day, paint houses, pressure clean dirty sidewalks and walls, spend over 2 hours commuting back home every night, and then stay up for as long as my body would allow learning about macroeconomics and the history of markets. I researched the nature of debt and gold a medium of exchange. I read about counter and Austrian economics. I became a libertarian, later, an anarchist, and, after almost two years study, I began to discover legitimate sources of financial news and information, intelligent voices that I could trust. I had acquired enough knowledge and experience to discern the truth from the propaganda, and it was during these same years, these terrible times of hardship, that I finally learned a most valuable lesson on money and markets: capital preservation is the key.
Remember, when I said we’d come back to risk-taking? Well, the trick is not to take it, but to manage it. The secret is education, knowledge. Knowledge truly is, power. Traders are only as successful as the depth of their own knowledge, because it's the only way to keep in check that inherent, paralyzing fear which “playing” with money eventually engenders. As a trader, you must have complete confidence in your “playing” abilities, and this is something only achieved through much study and practice. There’s no such thing as a free lunch, ever.
I want you to know that Bitcoin, the blockchain, and cryptocurrencies are NOT get-rich-quick schemes. They are NOT Ponzi schemes either. They are cutting-edge financial technology, and an emerging asset class. The blockchain has been compared to the agricultural revolution of the Neolithic age and the invention of writing by ancient Mesopotamians, in terms of its importance and potential impact on human civilization. It is a technology which will eventually affect and reshape almost every single industry in the global economy. In the next two decades, all types of industries will be impacted and disrupted by this technology--banking, real estate, healthcare, the legal industry, politics, education, venture capital, just to name a few! This technology allows for something called “decentralized store of value.” Basically, it allows for the creation of an alternative financial system, one where power resides in the hands of the people, instead of corrupt governments and corporations, so that currency crises like the one Venezuela has recently experienced, may one day be completely eradicated, like polio, or bubonic plague.
I will tell you that, at 17 years old, you have an amazing opportunity to set yourself up for incredible success in this brand new industry called the blockchain. There are entire professions that will be birthed into existence in the next 5, 10, and 20 years, in the same way the internet made possible millions of people around the world to work from home, wearing their pajamas, doing a million different things--things which were unimaginable to those who knew the world before the advent of the internet. Of course, it will require a great deal of work and effort on your part, but I assure you, it will be totally worth it!
Today, I am 35 years old. I run a successful ghostwriting business that I manage from the comfort of my own home. I invest exclusively in Bitcoin and precious metals, and hope to retire by the time I’m 40. Well, not really retire, but start on a much-anticipated new phase of my life, one in which I don’t have to worry about financial independence anymore.
To that end, cousin, here is my advice:
  1. Forget about getting rich quick. There’s no free lunch!
  2. Learn the English language, it is one of the tools you'll need for success.
  3. Work or go to school. Either way, dedicate yourself to learning about this new technology as much as you can, and begin to save, as much as you can, in Bitcoin.
I reviewed the website you told me about, [[link]3 , and while I respect, and to a certain extent admire what those gentlemen are doing, I can tell you, unequivocally, that taking those courses won’t turn you into a trader. It won’t make you rich quick. Far from it. In fact, there is nothing that these "warriors" will teach you, that you could not teach yourself for free at [[link]4 .
I’ll end it here. Hopefully, you made it to the end and took away a nugget or two. Please feel free to ask me anything you want about any of it, cousin. I’m always here to help.
'''
Hurling Rocks at Caimans: A Cowboy's Tale
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Author: mine_myownbiz13
1: ww*.cri*toguerre*os*c**/ 2: w*w***bypips.com/ 3: www.criptoguerreros.com]^^1 4: www.babypips.com]^^2
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VMJ Forex Education Life Of A Trader 💳💰  Forex - YouTube LIVE FOREX TRADING ( LONDON SESSION) Free Education - YouTube Which is Best Timeframe or SCALPING FOREX  Forex Trader ... Who is Your Teacher? - YouTube What is forex? @zainfromws Forex Education FOR BEGINNERS ... FOREX TRADING - Why I Teach Forex Trading Stop Loss  Learn Forex Trading Tips . Forex ... Live Forex Teaching class for beginner - YouTube What is Forex? How Does Forex Work? Forex Education And ...

Forex Trading is fun with the right teacher and tools. Become a Forex Maestro. Let our team of professionals teach you how to profit, join the over 3000 trained successful student today! Become FX Maestro . This September, Two key events. Do not miss them. Whether you're new to Forex,or your are already a professional Forex trader; this is the opportunity you have been looking for. Certified ... “Learn how to invest with Trading Teacher Online, we will show you how to trade the Forex Market from your desktop or mobile, with access to ongoing mentorship, a trading community, and all the tools you need to be a successful & independent Forex trader” BEN MONCK. Founder. Where to start? The basics of forex. The Forex Market is the largest market in the world, with over $6 Trillion USD ... Which Is Your Forex Teacher? by Forex Training - Trade Smarter Not Harder - Critical Education from Forex Smart Tools. Publication date 2014-03-03. There are two different kinds of people who present themselves as Forex teachers: the Mentors and the Miners. How can you safely choose between the two? Use our checklist to make a wise decision. Notes. This material may be protected by copyright ... My Forex Teacher. Forex Training Home; About; Blog; Contact; More. Back; Home. Welcome to your site! This is your homepage, which is what most visitors will see when they come to your site for the first time. Find Us. Address 123 Main Street New York, NY 10001. Hours Monday—Friday: 9:00AM–5:00PM Saturday & Sunday: 11:00AM–3:00PM . Search. Search for: About This Site. This may be a good ... Just in a moment, you will be downloading your personal full paid product package, trading tools, and your learning program will begin in a short while in less than 48hours after contacting your assigned Virtual Forex Market Trading Coaching Teacher. Your contact method (Skype= Cashwallet, Email= [email protected]) and finally ... The Forex Smart Tools Trade Log includes a parameter called "Lessons Learned" in which you can write down your notes and observations about each trade. But if you're like us, we tend to be pretty brief when it comes to typing very much. We'll make a few key notes, but seldom do we take the time for long paragraphs or lengthy explanations. This is some of the hardest tasks but its possible to find a decent mentor/teacher no matter what you hear. I spent years researching and tracking a handful of traders who I believed was successful and you have to do the same in order to find: 1. A successful trader with 10+ years of experience 2. A system that you can translate into your own ...

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VMJ Forex Education Life Of A Trader 💳💰 Forex - YouTube

Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. http://www.forexstrategysecrets.com. Forex Tip: do not set your stop loss by a set number of pips, or at a pivot point, or a Fibonacci line. Set your stops w... #VMJFOREXEDUCATION #FOREX #vmj In this video, I wanted to clear up something that I get asked from very functional, shallow minded, day to day people which is WHY I TEACH OTHERS. For me, there are 10 main reasons why I decide ... Learn more here: https://bit.ly/2ShPRPx Here' why you'll never make money in Forex. It's all because of the Forex cycle of doom. Many aspiring traders who ar... Ever Questioned What forex is, what all they hype is about? I get it, theres a lot of stigma out there about forex! Let this short video explain what it is i... https://kingdompreppers.org/ — Who will you allow to be your guide in this life when it comes to Scriptural matters? Who is best suited to lead you into the ... Join & Copy My Trades Everyday For Life with LIFETIME ACCESS 💰Income-Mentor-Box Academy (Signup) https://www.incomementorbox.com/welco... 👉Income Mentor... LIVE SESSION Live trading hosted by @seadfx1 This is for educational purposes only where we discuss everything that has to do with trading. Thank you all for... Start Here: http://forexcapitalpartners.com What Is Forex? The foreign exchange market is the "place" where currencies are traded. Currencies are important t...

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