I am going to give away all my profits | Forex Factory

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I am going to give away all my profits

  • #1
  • First Post: Jan 21, 2019 3:26am Jan 21, 2019 3:26am
So the idea is to trade an account of live funds and at some point give away all the profits!

April 28th is the Pay It Forward international day, so that seems like a logical starting point but ultimately, I would like to sweep the account and start afresh every month.

I figured to make it have some meaning I should give some to charity but for something fun too, how about a treasure hunt
I grew up in the 80's where there was £10k Cadburys Egg hunt, where people had to solve cryptic clues etc. I was too young to get involved but it stuck with me. I also like the idea of random acts of kindness, so even if I only made £2.50 one month, the least I could do is buy a homeless person a hot drink.

It would be a UK / London thing to start with and I'd probably do a social media thing too.

Anyways, now that I have said it on here - it should serve as a motivation to actually do it for real.
  • #2
  • Jan 21, 2019 10:06am Jan 21, 2019 10:06am
I have a meeting with a broker on Thursday so this may actually happen.. woop woop
  • #3
  • Jan 21, 2019 12:28pm Jan 21, 2019 12:28pm
That's a good idea. Way to go. Wish you success.
  • #4
  • Jan 21, 2019 1:21pm Jan 21, 2019 1:21pm
Quoting OutThere
That's a good idea. Way to go. Wish you success.
cheers.
I'm thinking I should include a Forex Factory lucky dip / tom bola where subscribers get a gift too.
  • #5
  • Jan 21, 2019 1:46pm Jan 21, 2019 1:46pm
Most people would't mind giving their profits away, because normally, there are none.
  • #6
  • Jan 21, 2019 2:39pm Jan 21, 2019 2:39pm
Quoting Asw
Most people would't mind giving their profits away, because normally, there are none.
true that!
However, the last 12 months I have traded and proved to myself that I can keep churning out the trades. I need to be trading a bigger account if I am going to go full time, so could wait a couple more years or I could do this instead and feel that I am making a slight dent in the world of wealth disparity. Plus I am a strong believer in what goes around comes around, so in someway I'll get the true value back.
  • #7
  • Jan 21, 2019 2:51pm Jan 21, 2019 2:51pm
I also aim to give away 25% of my profit for charity.Green pips to you!
  • #8
  • Jan 21, 2019 3:43pm Jan 21, 2019 3:43pm
Quoting T4Trade
I also aim to give away 25% of my profit for charity.Green pips to you!
Great news. The more people to say it the more motivated i'll be. Hopefully we can inspire each other and come up with some creative ways to make people happier.
  • #9
  • Jan 21, 2019 7:47pm Jan 21, 2019 7:47pm
That's an inspiring goal, I hope you make it. Which broker are you talking with and how will it help you? Let us know!

This gives me an idea on sharing the idea with IBs on giving commission for a good cause!
  • #10
  • Jan 22, 2019 1:44am Jan 22, 2019 1:44am
Quoting Viviann
That's an inspiring goal, I hope you make it. Which broker are you talking with and how will it help you? Let us know! This gives me an idea on sharing the idea with IBs on giving commission for a good cause!
I am meeting (fingers crossed) with ActivTrades, they have given a day but waiting to confirm a time.
My idea is to collaborate with them on other media projects but to see if I can pitch them this idea too.
  • #11
  • Jan 22, 2019 6:23am Jan 22, 2019 6:23am
That's a very kind thought to have, I would wish you luck!
  • #12
  • Jan 22, 2019 7:23am Jan 22, 2019 7:23am
Quoting MarinaBanker
That's a very kind thought to have, I would wish you luck!
thank you.
I have been scouring the internet for ideas for my pitch to the broker.
  • #13
  • Jan 22, 2019 8:20pm Jan 22, 2019 8:20pm
Quoting NevFX
{quote} I am meeting (fingers crossed) with ActivTrades, they have given a day but waiting to confirm a time. My idea is to collaborate with them on other media projects but to see if I can pitch them this idea too.
Good! Let us know the outcome!
  • #14
  • Jan 24, 2019 11:33am Jan 24, 2019 11:33am
So meeting went well - was able to project my abilities and match their requirements, for their idea.

Slightly different reaction when I brought up my idea.

Somehow I need to get around the notion that this is a cynical attempt at something ulterior motivated. Or worse a gimmick.

Probably best I just do it some how and even if it's smaller than I wished for, just have some fun with it and try and bring a little bit of joy.
  • #15
  • Feb 21, 2019 8:27pm Feb 21, 2019 8:27pm
I sincerely wish you all the best with this project.

I agree, probably best to get a 2 or 3 month track record down, where you made your profit then YouTubed, or something, how you gave that profit away.
This might better paint a picture for the broker who could easily arrange for a video production team to produce something professional and then they would also be able to "use" it for their own positive promotion.

Just some random thoughts.
Empty your mind and let the market guide you
  • #16
  • Feb 22, 2019 3:44am Feb 22, 2019 3:44am
Hi! Great intentions! How's it going? Are you still trading?
  • #17
  • Feb 22, 2019 4:36am Feb 22, 2019 4:36am
Quoting LanaBanana
Hi! Great intentions! How's it going? Are you still trading?
Hello -
yes still trading. Still trying to work out how to do the original intention of this idea without it being deemed cynical.

I've made a start - so when I have something worth 1. giving away and 2. in an entertaining way, I will.
As a person, I feel like I could make a small difference as a community we could make a big difference. I am just trying to figure out how.
  • #18
  • Feb 22, 2019 4:39am Feb 22, 2019 4:39am
Quoting SunnyCoast
I sincerely wish you all the best with this project. I agree, probably best to get a 2 or 3 month track record down, where you made your profit then YouTubed, or something, how you gave that profit away. This might better paint a picture for the broker who could easily arrange for a video production team to produce something professional and then they would also be able to "use" it for their own positive promotion. Just some random thoughts.
I think I may try and make a living document via Youtube and then when people see what can be achieved maybe they will be inspired in some way to trade for a reason rather than for entertainment
The broker I approached has let me work with them so I am hoping that after a few months I can slip this idea in again
  • #19
  • Jan 7, 2020 11:53pm Jan 7, 2020 11:53pm
This idea is still on! and as it's the first week in January 2020 I am more determined to make it work in 2020.
I am working hard on finding the right partners to help create and drive this forward, whether that be brokers, social media, companies etc. whilst also trading my own account.
The landing page on my web site has my current track record and I am in talks with people to try and get a bigger account off the back of my results. Though I still need a few more months of profitability for some, to show I am worthy of investing in.
I am also thinking of what I would rather do with the money - should I just give it away or should I give it in a way that then helps someone for longer than that initial offering, eg. should I try and maximise the amount of ROI on each £. One way would be to give a starting sum to a homeless person to fund a Big Issue job.
Still a few months to go before I can do anything meaningful and maybe years before I can do anything life-changing.
I just wanted to get this back online and at the forefront of my mind, I find it helps to write something down and then re-visit the words. Somewhat more real than just keeping it in your head.
  • #20
  • Apr 7, 2020 3:01pm Apr 7, 2020 3:01pm
I am building up my relationships with different brokers.

https://www.sagefx.com?cmp=2k1i2d3w&refid=1006
Sagefx is a new broker who offer high leverage to retail traders - this is where I will put a small account with an EA running to see if I can generate some good pips.

https://forexvox.com/chatrooms/
This is where I spend most of my day - fundamentals and trade signals
If you sign up to this - just say Nev sent you! I'll try and seek you out and say hi.

https://app.topsteptrader.com/refer/sign-up/7df36d
This is where I trade my futures account

By hook or crook, I am going to build up enough profits and give them away, especially in this time of pure desperation felt by so many people all at the same time.
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