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  • #41
  • Oct 19, 2010 9:35pm Oct 19, 2010 9:35pm
Going to check that out right now!

Quoting Low
You should see what he posts...Eric knows his stuff. Definitely a trader worth watching.

Just remember, shooting yourself in the foot is always 1 trade away.
  • #42
  • Oct 19, 2010 10:05pm Oct 19, 2010 10:05pm
Quoting kcardinalis
You can't even imagine how much better reading this made me feel....
She had no skills. Yet her house was always very clean, she wanted it clean, and enjoyed cleaning it. She runs a maid service now, she started cleaning houses by herself until she had too many she could not do them all by herself. She does not even have to go clean houses herself, yet she does since it is something she enjoys.

No, I just got into trading last week. I have been reading and learning about it for a few months now though.

I was always a gamer, I have been playing card and video games since the mid 70's. I like them, I am good at figuring them out and beating them whether they was against a machine or a person. I play poker now. I can do it any time on any day when I want.

Notice we both wound up doing things we liked, and wanted to do (and was doing anyway already) to get what we wanted?

You mentioned art, I dont know you or anything about art and what all is available to do regarding it and the ways to go about it, but assume you like art. Maybe look into doing freelance graphic art work for websites? Something you like, something you can do without working for someone else, something you can make decent money at to support yourself. A guy I met once did that, and he seemed pretty happy and was able to support himself. I don't know, just trying to give you an idea of the way to think.
  • #43
  • Oct 19, 2010 11:18pm Oct 19, 2010 11:18pm
Quoting Low
You should see what he posts...Eric knows his stuff. Definitely a trader worth watching.

Just remember, shooting yourself in the foot is always 1 trade away.
Now you have got everyone who is reading this thread to go through and read all of Eric's posts (including me)

Trading is all about tips and tricks and learning 24/7

forextom
  • #44
  • Oct 19, 2010 11:48pm Oct 19, 2010 11:48pm
Oddly enough, house cleaning passed through my head today, since I was a porter at a hotel at one point. The market here is a bit oversaturated with underpaid Mexicans though (I live on the border). It does seem though that a lot of the work that one can create for oneself without a lot of capital involves visiting peoples' homes though. How did she manage the risk in doing that? Did she have self employment insurance? (living in a pretty crime-ridden city, it's a dubious procedure here unfortunately)

That's awesome about poker. I have a cousin who does that, and I think that sounds really fantastic. Welcome to the world of Forex!

The arts I am best at involve creating physical objects--mostly jewelry, but I'm starting to learn to sew too. It's pretty hard getting a start with the former, and I'm guessing the latter is rough too. I'm thinking though perhaps selling repair tailoring services locally might be something to attempt. I'm also a fabulous writer (one thing I can confidently say I do well), but I loathe journalism. I still haven't figured out what other applications that could have.

I think in college ... I was taught academic skills--but not survival skills, as I'm sure a few other folks on this thread could attest to from their experiences as well.

Anyway, it's great to meet another like-minded person, and one who has had some real success.

K.

Quoting FXEntry
She had no skills. Yet her house was always very clean, she wanted it clean, and enjoyed cleaning it. She runs a maid service now, she started cleaning houses by herself until she had too many she could not do them all by herself. She does not even have to go clean houses herself, yet she does since it is something she enjoys.

No, I just got into trading last week. I have been reading and learning about it for a few months now though.

I was always a gamer, I have been playing card and video games since the mid 70's. I like them, I am good...
  • #45
  • Oct 19, 2010 11:51pm Oct 19, 2010 11:51pm
Quoting kcardinalis
I think in college ... I was taught academic skills--but not survival skills, as I'm sure a few other folks on this thread could attest to from their experiences as well.
This girl figured it out 3 years after I did. Unfortunately, it most likely cost her an additional $80,000+ for the late epiphany. And if her college was "paid for," then it still cost someone that amount.

Inserted Video


She talks about how she believes college shaped her mind though.
  • #46
  • Oct 20, 2010 12:00am Oct 20, 2010 12:00am
It wasnt that bad, I've learned a lot of things that will aide me throughout the my existence. Rain or Shine, LIFE IS AWESOME!

Quoting kcardinalis
... That's one painful story. But what impresses me is that after all of that - discouragement levels that my story doesn't even begin to touch - you started over and like you said, are (hopefully) starting to gain a foothold. That's amazing perseverance.

Thank you for sharing your experience with us. And I wish all the best to you.
Annoying Precision
  • #47
  • Oct 20, 2010 12:03am Oct 20, 2010 12:03am
Thanks Low, feelings mutual. Very true

Quoting Low
You should see what he posts...Eric knows his stuff. Definitely a trader worth watching.

Just remember, shooting yourself in the foot is always 1 trade away.
Annoying Precision
  • #48
  • Oct 20, 2010 10:47am Oct 20, 2010 10:47am
Hey Kyla, I really admire the fact that you have cut your expenses to the bare essentials while learning to do something you clearly love (trading) but the other posters are right. You need to find a job or some other way to earn money right now. It sounds like you do have skills too.

I see you say you are learning to sew and might set up a local clothing repair service. That would be a great thing to do, especially in a poor economy where people want to squeeze as much wear out of their clothes as possible. Advertize in your local free paper, Craigslist, etc., put up cards at the supermarket, the gym, church etc.and suggest that they bring you their clothes for a spring clean or repurpose.

Jewelry - have you tried to sell on Etsy or similar sites? Ebay? Is there a craft market near you? A tourist town with stores you can approach?

You also say you can write. You can get writing clients all day long on a forum called Wickedfire (Google it). Someone I know writes articles for people for 2c a word (typically $10 an article, 5-10 articles a day). Not amazing money but they pay instantly and he can work as much or little as he likes. If you have access to an internet connection and can do online research on different subjects, maybe you could try this to get some fast cash.

As for trading, well other posters have said it. You can make or lose money fast, and it's unlikely that anyone will bankroll a trader without live experience (I get the impression you haven't traded real money - correct?).

Unless you can get hired as a junior trader somewhere, may I suggest you earn some money and start trading minis very conservatively to build up your capital.

Whatever you decide to do, I wish you the best of luck. Think positive!
  • #49
  • Oct 20, 2010 3:16pm Oct 20, 2010 3:16pm
That speech took some serious courage. Totally cathartic to listen to - This really was me in so many ways. I was intent on graduating as quickly as possible - made it out in three years (my parents -insisted- I go (trade school would've been better for me, but I didn't really realize it existed, and doubt they'd have paid for it), but never thanked me for saving them 10K over the course of that last year I didn't attend--and then disowned me). I figured out in my final semester that I hated the occupations I'd studied for (journalism and radio; I loved college radio, but when I did my internship at a "real" station, I discovered there was zero creative control, that everything was automated and enforced) ... and outside of discovering forex and knowing I loved it, I had no idea what to do with my life, and suddenly I had all my credit hours and I was graduating. I sustained a severe injury a few months later - which combined with work loss blew my savings and also stole years of my time. It's been a lot of time to think though, and this girl expresses my wrath at the system so much more eloquently than I ever could. I'm going to be sharing this around.

I think more than anything else what I've learned from this thread is that there really -are- other people out there who've been through hell - and won. I came from a very sheltered upper middle class neighborhood - and most of the people I grew up with have either fallen into the system described in this video - or clung to school, six or seven years after entering - just to avoid facing what's out there. So I've faced it largely alone, and so many days I lose perspective and forget that if I am alone, I'm alone -with- others.

Quoting DKallDAY
This girl figured it out 3 years after I did. Unfortunately, it most likely cost her an additional $80,000+ for the late epiphany. And if her college was "paid for," then it still cost someone that amount.

http://www.youtube.com/watch?v=9M4tdMsg3ts

She talks about how she believes college shaped her mind though.
  • #50
  • Oct 20, 2010 3:28pm Oct 20, 2010 3:28pm
Hi there, TedK!

I like that you've combined much of the differing advice on this thread. I do have an online shop for my jewelry and do most of my promoting on social networks. You can't actually promote from within Etsy very efffectively unless you've money to pour back into Etsy - most people drive their traffic in from other sites. Ebay seems to work better for some things than others - hand made jewelry not being one of them.

Checked out the site you suggested, Wickedfire - and it looks interesting. Going to spend more time today going over that. I've tried writing content for aggregates before - but picked a poor one. There's a lot of scum in that area, so it's great to have a lead.

I indeed have not traded live before - having not been sufficiently pleased with demo results yet along with the capital issue. It's definitely -not- a way I expect to make money fast though! Being as I don't want to lose it fast. My feeling about money management and trading is slow and steady gains is best. I do really believe that exponential gains are possible - and that if I ever want to get to the part of the curve that takes off, I have to have the patience to deal with the looong slow part at the start.

K.

Quoting TedK
Hey Kyla, I really admire the fact that you have cut your expenses to the bare essentials while learning to do something you clearly love (trading) but the other posters are right. You need to find a job or some other way to earn money right now. It sounds like you do have skills too.

I see you say you are learning to sew and might set up a local clothing repair service. That would be a great thing to do, especially in a poor economy where people want to squeeze as much wear out of their clothes as possible. Advertize in your local free paper,...
  • #51
  • Oct 20, 2010 3:30pm Oct 20, 2010 3:30pm
I want to give a huge thank-you to everyone who has taken the time to reply to this thread with your thoughts and ideas. I can see that the people on this site have diverse backgrounds and opinions - but one thing in common (besides a love of trading!) - which is a real willingness to help others, even a new member that none of you know.

K.
  • #52
  • Oct 20, 2010 3:46pm Oct 20, 2010 3:46pm
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Quoting kcardinalis
Every thread I see in this forum is specifically about problems relating to the technical end of trading....
I understand your post, but honestly. You can find any job.

I did, I'm serving tables and after a year I now have 20k capital to use for Forex.

Get a job at Walmart, McDonalds, ANYWHERE. Money is Money.
I think that's something people in the United States have forgotten, in times of need, beggars can't be choosers.
  • #53
  • Oct 20, 2010 4:55pm Oct 20, 2010 4:55pm
I've applied for some pretty crappy jobs actually!

20K from a year waiting tables is impressive. My hat goes off to you, sir.

K.

Quoting apt
I understand your post, but honestly. You can find any job.

I did, I'm serving tables and after a year I now have 20k capital to use for Forex.

Get a job at Walmart, McDonalds, ANYWHERE. Money is Money.
I think that's something people in the United States have forgotten, in times of need, beggars can't be choosers.
  • #54
  • Oct 20, 2010 4:58pm Oct 20, 2010 4:58pm
Hey DKallDAY -

I just noticed, we both missed this, but that gal was graduating highschool, not college, when she made that speech. It looks like it took a couple months for her speech to really travel around the internet too. Makes me wonder what the long-term ramifications have been/will be for her. I can totally see something like that getting her fired from a job - or hired for one.

K.
  • #55
  • Oct 20, 2010 6:07pm Oct 20, 2010 6:07pm
Quoting kcardinalis
Hey DKallDAY -

I just noticed, we both missed this, but that gal was graduating highschool, not college, when she made that speech. It looks like it took a couple months for her speech to really travel around the internet too. Makes me wonder what the long-term ramifications have been/will be for her. I can totally see something like that getting her fired from a job - or hired for one.

K.
Oh no way! highschool? Well damn she figured it out a year before me then. Touche' to her.

On a side-note, valedictorian's rarely are the most intellectual of the bunch. The fact that they were able to achieve the highest goals means they were the least challenged (and often took the easiest routes) hehehe. I'm still bitter from my high school graduation ahhahaha.
  • #56
  • Oct 20, 2010 8:56pm Oct 20, 2010 8:56pm
My roommate taught for a long time and tells me that often the really brilliant ones are bored, and thus become "underachievers." Matches my best friend in highschool - effortless 1600 SAT score, D/F average in her grades.

Quoting DKallDAY
Oh no way! highschool? Well damn she figured it out a year before me then. Touche' to her.

On a side-note, valedictorian's rarely are the most intellectual of the bunch. The fact that they were able to achieve the highest goals means they were the least challenged (and often took the easiest routes) hehehe. I'm still bitter from my high school graduation ahhahaha.
  • #57
  • Oct 20, 2010 10:53pm Oct 20, 2010 10:53pm
Quoting apt
I understand your post, but honestly. You can find any job.

I did, I'm serving tables and after a year I now have 20k capital to use for Forex.

Get a job at Walmart, McDonalds, ANYWHERE. Money is Money.
I think that's something people in the United States have forgotten, in times of need, beggars can't be choosers.
Wow 20k a year waiting tables... those tips must have been good!

But at least your not like most people i know who go and blow all that every weekend and then wonder why they have nothing of value in their lives.

forextom
  • #58
  • Oct 20, 2010 11:37pm Oct 20, 2010 11:37pm
Hey, I hope you can have some success with writing for people on that forum. My friend said to make sure you start by offering 3-5 free articles to longstanding members in return for reviews, since you'd be new there. Just check out what other new writers are doing and you'll see what I mean.

Best of luck with that, or whatever else you decide to do, and with starting to trade "for real". You seem to have the right idea about taking it easy and managing your money conservatively in the beginning - just remember to follow your own advice, OK


quote=kcardinalis;4111215]Hi there, TedK!

I like that you've combined much of the differing advice on this thread. I do have an online shop for my jewelry and do most of my promoting on social networks. You can't actually promote from within Etsy very efffectively unless you've money to pour back into Etsy - most people drive their traffic in from other sites. Ebay seems to work better for some things than others - hand made jewelry not being one of them.

Checked out the site you suggested, Wickedfire - and it looks interesting. Going to spend more time today going over that. I've tried writing content for aggregates before - but picked a poor one. There's a lot of scum in that area, so it's great to have a lead.

I indeed have not traded live before - having not been sufficiently pleased with demo results yet along with the capital issue. It's definitely -not- a way I expect to make money fast though! Being as I don't want to lose it fast. My feeling about money management and trading is slow and steady gains is best. I do really believe that exponential gains are possible - and that if I ever want to get to the part of the curve that takes off, I have to have the patience to deal with the looong slow part at the start.

K.[/quote]
  • #59
  • Oct 21, 2010 12:48am Oct 21, 2010 12:48am
Quoting kcardinalis
Hi there, TedK!

I like that you've combined much of the differing advice on this thread....
I use to dable in a bit of online marketing before i got into forex myself (must say trading is more fun)

But i would honestly stear clear from wickedfire, alot of the people on there are very rude and have no respect for each other! It is a tough crowd.

Try warriorforum or digitalpoint for article writing but you will have to put down some investment to post on the warriorforum for a service thread.

This is what i did when i first started and can grow into a nice side income (some even take it further)

Best of luck

forextom
  • #60
  • Oct 21, 2010 1:44pm Oct 21, 2010 1:44pm
Thanks again both TedK and forextom for the tips; from some cursory research this does look like something I could do, so I'm going to give it a go. (other nice thing about trading some articles for reviews first is that I can get my feet wet with a little less pressure; I've done some content writing/re-writing, but only a tiny bit)

Do either of you have any advice on rates? I've seen a whole range, mostly between 1-30 cents a word.

K.

Quoting forextom
I use to dable in a bit of online marketing before i got into forex myself (must say trading is more fun)

But i would honestly stear clear from wickedfire, alot of the people on there are very rude and have no respect for each other! It is a tough crowd.

Try warriorforum or digitalpoint for article writing but you will have to put down some investment to post on the warriorforum for a service thread.

This is what i did when i first started and can grow into a nice side income (some even take it further)

Best of luck

forextom
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