The Truth About Financial Freedom
Financial freedom, or financial independence, is generally defined as a person having enough funds to be able to live their life the way they desire without being burdened by financial worry. In this day and age, I believe that financial freedom is more of a mindset – it is about more than having disposable money and it is about more than being rich. Financial freedom is a state of mind that allows us to be carefree and to do the things that we desire and act in a way that truly represents who we are. Everyone seems to be striving to become rich and to score a job with a six-figure salary...
Read MoreWhy Do People Assume That Trading Makes You Rich?
There are several assumptions that are made almost immediately when people learn that I am involved in the foreign exchange market. The first is that I must be commuting into London Monday to Friday to a high-powered, relentless job. The second is that because I am a trader I am obviously rich. Let’s address the first point first. One of the biggest appeals to me when I began my journey into the forex market was the flexibility. It isn’t like the stock exchange market where there is a physical building dedicated to traders; I think this is what so many people find appealing. You can trade in...
Read MoreHave You Paid To Do A Trading Course But Not Invested In Your Own Trading Account?
Most courses that teach you about forex, the market and trading come at a price. This cost is justified by the fact that the knowledge that you are gaining on the courses are a skill that can lead to financial independence. That being said I find it quite astounding that delegates are willing to invest a significant amount of money to learn but then do not take these skills that they have learnt and apply them to the market. They have the resources they need and at least some experience live trading (a perk of Plan B Trading courses) but do not make an investment in their trading account. If...
Read MoreWhy you can’t read a textbook and beat the banker
Recently I have been connecting to a number of different traders on social media platforms. I find it very interesting to find out how and why people became involved in trading (especially in the ForEx market) and how they set about educating themselves about the market. A common theme amongst those that I have asked is research and reading up on the industry. I agree that this is a great way to gain knowledge on the industry and to get an insight into the world of trading. It is always essential to understand the theory behind a skill but it is vital to gain real experience before you...
Read MorePeople don’t succeed because they don’t ask
A common issue that I have found, not only in trading but also in many different aspects of business and in general day-to-day life, is that people refuse to ask questions. I believe that people view asking questions as a weakness and there’s a certain amount of pride that would be negotiated by asking these questions. Personally I think it’s a shame that so many people are unwilling to ask for help. There’s a few sayings that spring to mind such as ‘if you don’t ask you don’t get’ and ‘there’s no harm in asking’. When you look back to our mannerisms as children, our curiosity was a driving...
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