Has anyone started a new business financed from forex trading? | Forex Factory

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Has anyone started a new business financed from forex trading?

  • #1
  • First Post: Sep 1, 2020 12:30pm Sep 1, 2020 12:30pm
Hey guys well as the thread title says has anyone started a new business financed from their forex trading profits?

Has anyone been fortunate enough to use the income they make from trading to fund a new business start up?

I've been pretty fortunate as a stay at home dad and full time trader to be able to use the income from my trading to not only support my family, but also start a new business completely different from the financial markets, and I was curious if anyone else has done the same or similar? If so how did you start and how is it going?

I recently started my own hot pepper sauce business as I really love hot sauce and after initially making it for my friends and family for a long time I decided to take it commercial. Its been a hell of a lot of work, but its been a really amazing journey and thanks to my trading its financed everything for me.
Truth is like poetry. And most people f*cking hate poetry.
  • #2
  • Sep 1, 2020 1:09pm Sep 1, 2020 1:09pm
I didn't start new business, instead I have money earned on forex invested in diferrent area (some related to forex some not).
  • #4
  • Sep 2, 2020 2:22am Sep 2, 2020 2:22am
That's great! I too love hot sauce! It's really good that you have done something completely different with your other business, without sounding too hippie, it's really grounding to do something with actually things instead of just numbers on a screen.

Good luck with the new business :-)
  • #5
  • Sep 2, 2020 7:32am Sep 2, 2020 7:32am
Quoting dean55555
I didn't start new business, instead I have money earned on forex invested in diferrent area (some related to forex some not).
That's good as long as you are utilizing your income to do more or achieve more.
Truth is like poetry. And most people f*cking hate poetry.
  • #6
  • Sep 2, 2020 7:33am Sep 2, 2020 7:33am
Quoting ChilledT
That's great! I too love hot sauce! It's really good that you have done something completely different with your other business, without sounding too hippie, it's really grounding to do something with actually things instead of just numbers on a screen. Good luck with the new business :-)
Thanks ChilledT, its still early days for my new business, but exciting times ahead for sure!
Truth is like poetry. And most people f*cking hate poetry.
  • #7
  • Sep 2, 2020 8:54am Sep 2, 2020 8:54am
Living the dream, mrdfx! Congrats!
Could you share what the range of your income from forex is like on a monthly basis such that it is comfortable enough for you to cover your expenses and even start a business? I'm looking to crossover sometime in the future (holding a day job now).
  • #8
  • Sep 2, 2020 2:55pm Sep 2, 2020 2:55pm
Quoting carddard
Living the dream, mrdfx! Congrats! Could you share what the range of your income from forex is like on a monthly basis such that it is comfortable enough for you to cover your expenses and even start a business? I'm looking to crossover sometime in the future (holding a day job now).
I each month earn 4-5 times more on forex then from my regular job, but I am afraid to quit regular job it gives me some security.
And I think that Warren Buffet said that every person need to have 7 different source of income. I am now on 5 (but only 2 serious).
  • #9
  • Sep 3, 2020 7:48am Sep 3, 2020 7:48am
Quoting carddard
Living the dream, mrdfx! Congrats! Could you share what the range of your income from forex is like on a monthly basis such that it is comfortable enough for you to cover your expenses and even start a business? I'm looking to crossover sometime in the future (holding a day job now).
Thanks carddard, I think when it comes to what kind of monthly income is considered comfortable and sustainable is largely dependent on where a person lives as the cost of living differs greatly between countries and regions. That being said I withdraw around $3k currently which allows for comfortable living here in Brazil. In some places that might not be a lot, and in other places it is a lot, but for me and my family its enough to live pretty well and stress free.
Truth is like poetry. And most people f*cking hate poetry.
  • #10
  • Sep 14, 2020 11:58am Sep 14, 2020 11:58am
Well it seems then by the few responses that there are not many who have been able to do this yet...
Truth is like poetry. And most people f*cking hate poetry.
  • #11
  • Sep 14, 2020 1:26pm Sep 14, 2020 1:26pm
Quoting mrdfx
Well it seems then by the few responses that there are not many who have been able to do this yet...
You have asked many things. You are asking for ..

1) Person who is able to generate income in forex trading
2) Such income meets their expenses completely and allows some saving
3) That saving goes in as investment in another business

hmm...
Many are filtered in the first step itself (including me).
The remaining should cross the other steps to reach your expectation.
  • #12
  • Sep 14, 2020 2:56pm Sep 14, 2020 2:56pm
Quoting mrdfx
{quote} Thanks carddard, I think when it comes to what kind of monthly income is considered comfortable and sustainable is largely dependent on where a person lives as the cost of living differs greatly between countries and regions. That being said I withdraw around $3k currently which allows for comfortable living here in Brazil. In some places that might not be a lot, and in other places it is a lot, but for me and my family its enough to live pretty well and stress free.
Maybe you say truth. Please show your TE with consistent profits % (without money exposed) - thats only thing that counts when talking on "success".
  • #13
  • Sep 14, 2020 4:04pm Sep 14, 2020 4:04pm
Quoting mrdfx
Hey guys well as the thread title says has anyone started a new business financed from their forex trading profits? .
//-----

i bought a norwood mx34 from forex money years ago just to build my office and a upstairs play room for the rug rats.....

it slowly turned into a business on it's own..... cutting logs into live edge slabs was the place to be.....

now with the lumber shortage here in the states, you can't cut pine boards fast enough.....

cutting a 12x12x16 pine takes about 20 minutes once log is own the mill.... runs about 200$..... h
//-----

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to trade and code, keep both simple... no call to impress....h
  • #14
  • Sep 15, 2020 4:22am Sep 15, 2020 4:22am
Just started my journey a few weeks ago, learning new things on a regular basis to have a great trading career. Hopefully, will be able to earn a good amount of money & start a startup one day which will be like- "fantasy comes true".
  • #15
  • Sep 15, 2020 7:19am Sep 15, 2020 7:19am
Quoting joyny
{quote} Maybe you say truth. Please show your TE with consistent profits % (without money exposed) - thats only thing that counts when talking on "success".
I certainly have nothing to lie about and I think my 3 years spent on this forum has shown my integrity and honesty, and besides I have nothing to prove to anyone here by showing my personal live trading account to anyone. If you think I'm talking crap and then move on and put me on ignore as I clearly offer you nothing of value.
Truth is like poetry. And most people f*cking hate poetry.
  • #16
  • Sep 15, 2020 7:25am Sep 15, 2020 7:25am
Quoting hayseed
{quote} //----- i bought a norwood mx34 from forex money years ago just to build my office and a upstairs play room for the rug rats..... it slowly turned into a business on it's own..... cutting logs into live edge slabs was the place to be..... now with the lumber shortage here in the states, you can't cut pine boards fast enough..... cutting a 12x12x16 pine takes about 20 minutes once log is own the mill.... runs about 200$..... h //----- https://www.youtube.com/watch?v=6cDSaTjAQSw&t=19s //---- https://www.youtube.com/watch?v=lDG1BSEGk8c...
That's awesome hayseed, looks very cool and like a lot of work! Congrats and good luck with your business.
Truth is like poetry. And most people f*cking hate poetry.
  • #17
  • Edited 12:15pm Sep 15, 2020 9:26am | Edited 12:15pm
Quoting mrdfx
{quote} I certainly have nothing to lie about and I think my 3 years spent on this forum has shown my integrity and honesty, and besides I have nothing to prove to anyone here by showing my personal live trading account to anyone. If you think I'm talking crap and then move on and put me on ignore as I clearly offer you nothing of value.
Not difficult to show account % growth in TE without exposing money. You know that.

Edited:
I saw your "answer" - you now put me in the ignore state. So not possible to post here anymore. Well... everything clear now.
  • #18
  • Sep 16, 2020 2:17am Sep 16, 2020 2:17am
Joined Forex about 7 years ago. Blew several accounts while learning 2 years. Then in 3 years made from 10k account 200k usd in profits. That was a very stressful and risky ride - traded manually on D1 and W1 charts used averaging. Cashout 150k usd and invested in bitcoins. Was quite lucky to get out before peak for 10k per btc. So ended up with ~750k usd capital. That all was stressful and more luck than skills... decided to go in "calm waters"... so started some real estate related business, purchased some old flats, renovating and put them for rent. I like to see how dirty/old objects become clean and attractive for people to enjoy living. Yes, there is still some stress in real estate too but can't be compared when you go all-in with all your capital in the 4th averaging level... So have 9 flats now rented for 400 - 800 usd/mothly each which generates ~4-5k usd monthly. Continue some forex activities too but no more manual trading. Looking for automation and low risk.
  • #19
  • Sep 18, 2020 11:52am Sep 18, 2020 11:52am
Does anyone earning money from forex beside trading? Programming, IB, forex rebate, signal selling and similar. Tell us your experience.
  • #20
  • Sep 18, 2020 11:57am Sep 18, 2020 11:57am
Quoting dean55555
{quote} I each month earn 4-5 times more on forex then from my regular job, but I am afraid to quit regular job it gives me some security. And I think that Warren Buffet said that every person need to have 7 different source of income. I am now on 5 (but only 2 serious).
Did you come to this world to follow what warren buffet says?? just let me know that part
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