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-   -   How to inform family and friends that you're a forex trader? (https://www.forexfactory.com/showthread.php?t=945240)

mbh37 Sep 2, 2019 8:03pm | Post# 1

How to inform family and friends that you're a forex trader?
 
...

garethmann1 Sep 2, 2019 8:50pm | Post# 2

My dad said be careful. It's a pyramid scheme

milicentfx Sep 2, 2019 9:10pm | Post# 3

My name's John (fake name) and I'm a forex trader....."welcome John"

mbh37 Sep 2, 2019 9:25pm | Post# 4

My name is "insert name" it's been 2 minutes since i traded forex.... where is the damn coffee?

2k22m Sep 2, 2019 11:42pm | Post# 5

You don't have to tell them anything.... if you lose too much they say you are stupid . If you make too much , you arent paying enough family/friend taxes.....

Best is to keep mouth shut

ccr Sep 3, 2019 1:56am | Post# 6

mooma ... look no hand ...

KarolNowak Sep 3, 2019 4:17am | Post# 7

“Mom, I have to confess to you. I hid it for a long time. I don’t know how to tell you ... Mom. I am a trader."
“I don't have a son anymore.”

HeyYou Sep 3, 2019 5:26am | Post# 8

I use algos
I invest what I can afford to lose
I don't trade for a living

it seems they take me seriously.

The Fool Sep 3, 2019 6:22am | Post# 9

I quit Med School to do this....
....sad

Mingary Sep 3, 2019 7:09am | Post# 10

1st RULE: You do not talk about FIGHT CLUB.

IRISH37 Sep 3, 2019 7:10am | Post# 11

It is better to remain silent and be thought a fool than to open your mouth and remove all doubt.

HairyHarley Sep 3, 2019 8:36am | Post# 12

The only people who know I do this are my parents (they were fine once I explained about my risk management) & my partner (who thinks it's really cool and wants to tell everyone).

I don't tell friends anymore, it's a lot easier that way.

I have a small (very) part-time business which acts as a sort of cover (haha - people think I'm a lot busier with it than I am) and also is great for keeping me grounded, meeting people and takes the stress away from having to make money every month...

Personally, I think there are a lot of secret traders out there!

HudithePfupf Sep 3, 2019 3:20pm | Post# 13

Don't even start with retail forex trading - this way you completly avoid this problem.

If the shit has already hit the fan.....which will be case in 99.9% of all cases:

Be honest, especially to the one you love..... admit that you are losing time and money and that you have a gambling addiction.

These are the most important peoples in your whole life.

They care - your broker doesn't!

Now choose your side wisely.

2k22m Sep 4, 2019 1:43am | Post# 14

You don't need to say anything ......

You just need to demonstrate you can pay the bills for you family and friends.

Silence is golden

TradeMinim Sep 4, 2019 2:16am | Post# 15

You don't need to say anything ...... You just need to demonstrate you can pay the bills for you family and friends. Silence is golden
Action speaks Louder Than Words. Period.

pridolfx Sep 4, 2019 2:17am | Post# 16

What a stupit thread
why how to inform?? Is forex criminal??? Lol
dont need to be shame...
BETTER QUESTION IS HOW TO INFORM FAMILY THAT I LOSS ALL MONEY AND ALL CREDIT I PICK UP FOR INVEST,WITH FX TRADING

KarolNowak Sep 4, 2019 3:11am | Post# 17

What a stupit thread why how to inform?? Is forex criminal??? Lol dont need to be shame... BETTER QUESTION IS HOW TO INFORM FAMILY THAT I LOSS ALL MONEY AND ALL CREDIT I PICK UP FOR INVEST,WITH FX TRADING
Well if you lost money then shame on you

Inserted Video

Tdoornottodo Sep 5, 2019 3:01pm | Post# 18

The best thing is to not mention anything about it until you are a profitable trader. People around you will doubt you and that can affect you negatively. I do my best to keep it to myself for now, that way I don't have to deal with negativity, and I try my best to keep a positive mind at all times.

Doomseeker Feb 12, 2020 12:49pm | Post# 19

I think that it's hard enough for any trader to tell his relatives and unfamiliar people about what they do. This is due to the fact that most people treat this activity as a casino or some kind of game, few people understand until they start trading, that this is a real job that requires a lot of effort and time, plus you need to constantly monitor the market and there are often ambiguous situations that can lead to the loss of money. Yes, another thing that confuses many people is that investments are needed here. On the one hand it's logical - how you can start a business without investment, on the other hand - people are afraid that they can lose everything that they had.

milicentfx Feb 12, 2020 1:02pm | Post# 20

my name is Bob and I'm a forex trader......welcome Bob



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