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  • #783,701
  • Apr 5, 2013 4:30pm Apr 5, 2013 4:30pm
Why do you guys started to trade ? tell your stories.

I started when I wanted a loan from a bank and end up looking for various loan products -> derivatives products -> forex market.
My initial motivation was to make money out of money as a skill, so later I could 'create' money for vacation. It was a smooth transation.
"You're solid gold, see you in hell"
  • #783,702
  • Apr 5, 2013 4:35pm Apr 5, 2013 4:35pm
Quoting Pip Anon
Although it is expensive, it greatly increases your chance of getting a job. It also depends on your location, too. I'm in my junior year, but had to resort to trading full time in between classes because it is impossible to find something not minimum wage without a degree. 30k may be low, but it's a tad better than $7.5/hr. I would have thought the "recovery" would have been done and over now. However, I do believe education cost is ridiculous. It's a paradox because they complain the U.S. doesn't have enough skilled workers but in order to earn...
I risk to say that in here, having a degree decreases the chance of getting a job, because then you expect to get a job with at least a fair salary accordingly with your education levels, and thats not happening, it makes it even worst, most requires you experience (that you don't have, because you failed to get a job) and load on you high resposabilities, in short say you have to work loads, high responsibility, high stress and far from fair remuneration, i'm also taking a degree on law, second year...
  • #783,703
  • Apr 5, 2013 4:35pm Apr 5, 2013 4:35pm
Quoting SugarPink
Why do you guys started to trade ? tell your stories. I started when I wanted a loan from a bank and end up looking for various loan products -> derivatives products -> forex market. My initial motivation was to make money out of money as a skill, so later I could 'create' money for vacation. It was a smooth transation.
Because I want to get rich and do whatever I want. Duh.

Edit: Oops, I mean, I want to make the world a better place and redistribute my wealth for those less fortunate.
  • #783,704
  • Apr 5, 2013 4:36pm Apr 5, 2013 4:36pm
Quoting Kanzler
One of the problems most people are overlooking is that 30, 40 years ago you could get a good job that could let you raise a family and take care of them quite easily. What's different today, you might ask? The west gave away its manufacturing base, especially the US, to countries in the developing world like China and Mexico. When all you have left are people selling services (while being paid min wage) to other people who are also earning min wage, what are you supposed to expect except a lousy, slow economy that has no prospect of real recovery?...
yes, in the short term.

longer term china will become more developed, cost of labour will rise, diminishing returns to scale so on so forth. Long story short, developing nations become less competitive over time, the time it takes is the cost to developed nations like US.
Even the worst trade can close with profit. Just give it time.
  • #783,705
  • Apr 5, 2013 4:39pm Apr 5, 2013 4:39pm
Quoting gatorinla
looks liks a 2991 close, some brokers 2987
29876
  • #783,706
  • Apr 5, 2013 4:40pm Apr 5, 2013 4:40pm
Quoting SugarPink
Why do you guys started to trade ? tell your stories. I started when I wanted a loan from a bank and end up looking for various loan products -> derivatives products -> forex market. My initial motivation was to make money out of money as a skill, so later I could 'create' money for vacation. It was a smooth transation.
Im an economics and finance student. 5000 graduates a year, from the University of Auckland, top business school in NZ and one of the top in the world.
But the bachelors degree, many people have the same. End of the day, most be accountants, office admin managers or whatever down the road.

Only a handful become investment bankers, restricted by the number of investment banks in NZ, and the number of internships available, which you can count on your hands. It is rather difficult to gain corporate experience in any large scaled company if you're not the manager's son/daughter..

So I turned to FX, make more, real experience, lead to true career prospects, plans anyway...
Even the worst trade can close with profit. Just give it time.
  • #783,707
  • Apr 5, 2013 4:42pm Apr 5, 2013 4:42pm
Quoting Kanzler
One of the problems most people are overlooking is that 30, 40 years ago you could get a good job that could let you raise a family and take care of them quite easily. What's different today, you might ask? The west gave away its manufacturing base, especially the US, to countries in the developing world like China and Mexico. When all you have left are people selling services (while being paid min wage) to other people who are also earning min wage, what are you supposed to expect except a lousy, slow economy that has no prospect of real recovery?...
Kanzler, I agree with you. My parent do not have a degree, although my father has some college courses completed. They did incredibly well both making 50k/yr. Then the recession hit. They faced a few issues: they were "older" and they didn't have a degree. My father was a killer corporate salesman. He worked for top notch companies, but the dynamics of the workforce changed. He has 25 years of experience and could sell an igloo to an eskimo, but companies now prefer younger college grads (and even they have trouble).

The work environment changed, and those that did not or could not adapt were left behind. That's why not, I stress the importance of education or some sort of high demand skill craft.

There are events are degraded the US workforce, but just like you said every man for themselves. I don't like it, but I don't see it changing anytime soon. The best bet is to develop the skills and ability to market oneself to future aid in achieving a well-paying job.
When the facts change I change my mind, what do you do sir
  • #783,708
  • Apr 5, 2013 4:42pm Apr 5, 2013 4:42pm
Quoting John Gray
yes, in the short term. longer term china will become more developed, cost of labour will rise, diminishing returns to scale so on so forth. Long story short, developing nations become less competitive over time, the time it takes is the cost to developed nations like US.
Unfortunately all of the infrastructure is already going to be over there, so there's less incentive for them to move back unless government imposes tariffs or tax breaks.

Quoting John Gray
Im an economics and finance student. 5000 graduates a year, from the University of Auckland, top business school in NZ and one of the top in the world. But the bachelors degree, many people have the same. End of the day, most be accountants, office admin managers or whatever down the road. Only a handful become investment bankers, restricted by the number of investment banks in NZ, and the number of internships available, which you can count on your hands. It is rather difficult to gain corporate experience in any large scaled company if you're not the manager's son/daughter.. So I turned to FX, make more, real experience, lead to true career prospects, plans anyway...
If you do the same thing as everybody else you're going to turn out the same as everybody else. Hence my signature. Investment banker positions are an elitist class of position and you really have to be in the "network" of people to get in at all as you said. If you want to get to the top you have to be a little more adventurous and resourceful as you're doing now.
  • #783,709
  • Apr 5, 2013 4:44pm Apr 5, 2013 4:44pm
Quoting Jaro
29876
Sneaky drop at the end to keep it below 1.3 .
  • #783,710
  • Apr 5, 2013 4:45pm Apr 5, 2013 4:45pm
Quoting Rui Texieira
I risk to say that in here, having a degree decreases the chance of getting a job, because then you expect to get a job with at least a fair salary accordingly with your education levels, and thats not happening, it makes it even worst, most requires you experience (that you don't have, because you failed to get a job) and load on you high resposabilities, in short say you have to work loads, high responsibility, high stress and far from fair remuneration, i'm also taking a degree on law, second year...
Shouldn't you want to demand a higher wage if you provide efficient, high output and competent workmanship? If I had to flip burgers to pay rent, I will. However, I promise you (I know you're in school) if you do not develop yourself you'd be flipping burgers for a lifetime and that is no way to live.
When the facts change I change my mind, what do you do sir
  • #783,711
  • Apr 5, 2013 4:46pm Apr 5, 2013 4:46pm
Quoting Pip Anon
Kanzler, I agree with you. My parent do not have a degree, although my father has some college courses completed. They did incredibly well both making 50k/yr. Then the recession hit. They faced a few issues: they were "older" and they didn't have a degree. My father was a killer corporate salesman. He worked for top notch companies, but the dynamics of the workforce changed. He has 25 years of experience and could sell an igloo to an eskimo, but companies now prefer younger college grads (and even they have trouble). The work environment changed,...
Key line right there - develop the skills and ability for oneself. I have no interest in being a slave to someone else my entire life and to be at the mercy of the ebbs and flows of the economy. No matter if it takes many years I intend on becoming self-sufficient so that I can live my life the way I want to without worry of money. Settling for mediocre is unacceptable.
  • #783,712
  • Apr 5, 2013 4:49pm Apr 5, 2013 4:49pm
Quoting Ken A
{image}
Nice you bought during the NFP dip?
  • #783,713
  • Apr 5, 2013 4:51pm Apr 5, 2013 4:51pm
Quoting Kanzler
Key line right there - develop the skills and ability for oneself. I have no interest in being a slave to someone else my entire life and to be at the mercy of the ebbs and flows of the economy. No matter if it takes many years I intend on becoming self-sufficient so that I can live my life the way I want to without worry of money. Settling for mediocre is unacceptable.
I feel you there. I have always traded here and there, but now I began doing it daily. I refuse to be someone's little

I don't mind working under someone, but it will be because I am qualified and want to work there - not because I have to. I have met and worked with people that are totally happy with being mediocre living a mundane live and I just can't stand that shit. It's a total drag. I limit interaction with those people.
When the facts change I change my mind, what do you do sir
  • #783,714
  • Apr 5, 2013 4:53pm Apr 5, 2013 4:53pm
Quoting Pip Anon
Shouldn't you want to demand a higher wage if you provide efficient, high output and competent workmanship? If I had to flip burgers to pay rent, I will. However, I promise you (I know you're in school) if you do not develop yourself you'd be flipping burgers for a lifetime and that is no way to live.
Truthfully, despite everything that's exactly what i and many like me on this "precarious" economical/social situation keep thinking on to motivate going further...
  • #783,715
  • Apr 5, 2013 4:56pm Apr 5, 2013 4:56pm
Quoting Rui Texieira
Truthfully, despite everything that's exactly what i and many like me on this "precarious" economical/social situation keep thinking on to motivate going further...
I never been to Portugal (although I want to!) and know it is bad there. However, it won't be forever. When the economy comes back, will you be ready? Meet that head on and you'll do fine.
When the facts change I change my mind, what do you do sir
  • #783,716
  • Apr 5, 2013 5:03pm Apr 5, 2013 5:03pm
I am confident I will be rich somewhere next year or so. about 1 million is rich to me.
And you know what they say. The 1st million is only the hardest one.
"You're solid gold, see you in hell"
  • #783,717
  • Apr 5, 2013 5:06pm Apr 5, 2013 5:06pm
Quoting SugarPink
I am confident I will be rich somewhere next year or so. about 1 million is rich to me. And you know what they say. The 1st million is only the hardest one.
And oil mogul Boone T. Pickens says "the first million isn't the hardest, the firs billion is the hardest" lol
When the facts change I change my mind, what do you do sir
  • #783,718
  • Apr 5, 2013 5:09pm Apr 5, 2013 5:09pm
Quoting Pip Anon
And oil mogul Boone T. Pickens says "the first million isn't the hardest, the firs billion is the hardest" lol
haha yeah! then Im doing it wrong becase this first one is taking forever :- \
"You're solid gold, see you in hell"
  • #783,719
  • Apr 5, 2013 5:12pm Apr 5, 2013 5:12pm
Quoting Pip Anon
I never been to Portugal (although I want to!) and know it is bad there. However, it won't be forever. When the economy comes back, will you be ready? Meet that head on and you'll do fine.
Sure, apart form the well known issues, this is a nice small piece of land blessed by the atlantic waters fine beach's, welcoming people, living remains of an old empire which are just marvelous to visit.
  • #783,720
  • Apr 5, 2013 5:53pm Apr 5, 2013 5:53pm
XE quoting 1.2922 at the moment.
Disclaimer: I'm still new to forex
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