Featured Post Today
print this page
Latest Post
Tampilkan postingan dengan label trader. Tampilkan semua postingan
Tampilkan postingan dengan label trader. Tampilkan semua postingan

My Life as a Currency Trader and I thought I would never say that

Today I want to write a post which has a more personal tone than the other posts you may have read on my website in the past. A few people have asked me about my daily routine and if trading actually leaves room to "free me" from the 9 to 5 life style and provide me with the ability to spend a lot of time with my friends, family, etc. Within the next few paragraphs I will tell you the story of my everyday life so that you can see how my life around automated trading woprks and if this is the type of life style you would want to have. I have to warn you that my life doesnt include monthly cruises to the Caribbean or driving a Porsche out of my drive way but I can assure you that it has many negative and positive aspects, like any other life style has.

I am a big believer in early mornings and I usually wake up sometime between 5 and 6 a.m, usually with the first ray of sunlight. After doing this I usually check my email and answer whatever questions, doubts or inquiries people have sent me during the night, this usually takes me about half an hour although I can get even 25 emails every day which require thoughtful and precise answers (I am a fast typer by the way !). After doing this I like to spend an hour checking on the markets and the systems currently being traded, I check on all my personal, asirikuy and third party accounts and I send emails to anyone who has an account with a problem in order to correct it ASAP (most of the time there are actually no problems). Then I like to watch an old time movie - probably in the style of Indiana Jones or Independence day - or an old episode of Seinfeld (my all time favorite show) while I do my daily 40 minutes of cardio (youre all doing this too right ?).

After this I cook my breakfast and depending on the mood I either spend the rest of the day working or I take the day off and go out to have lunch and spend the afternoon with my girl or my family (which includes hers). I usually work more than 60 hours every week (no kidding), making and preparing videos for Asirikuy, writing the weekly newsletter, designing new systems, researching commercial systems, researching systems developed in forums, testing systems, analyzing data, etc. I often tend to think that the fact that I dont have a 9 to 5 job is actually detrimental to my life in the sense that I tend to over-work a lot, since there is no 9-5 span of time which limits when I work... I just sometimes work all the time !

I do have to say that there are several things I like about my life style, one of the things I like the most is the freedom to cook :o). I love cooking and I have to say that I spend about 3 hours every day preparing meals for myself and my girl when she is home. I am by no means a great cook but I am improving and hopefully in the future Ill be able to eat delicious meals everyday, courtesy of cooking skills developed over years of training. It seems that most chemists end up being good cooks, hopefully I am not the exception !

Now there are other aspects I hate, and the most important of this is that I have no control over when I can be or not be available. Trading - either manual or automated- demands a great deal of focusing and control, it is not an option but mandatory to have a 24/7 internet connection you can use all the time and you cannot simple "get lost" as there are many people (in my case) which count on you and your expertise everyday. So I actually do not work 9-5, in a few ways I work 24/7 .

Maybe I am just a hopeless workoholic but I like what I am doing and I think (at least hope !) that I am making a difference in the sense that I am providing an honest and transparent approach to automated trading without hoping for any massive reward. The earning I get from Asirikuy and this website are quite small (I would have to charge about 50 USD for the subscriptions if I wanted to live from this !) but I think that all the work is rewarded in the sense that I get to live from trading my own systems, I get to improve them as time goes by and I get to do all of this without having to be dishonest, unethical or scamming any poor soul. Will I ever get burned out from doing this and decide to just live from trading and leave the stress of handling my small -yet very time consuming- business ? Hopefully with all the good feedback I get and the satisfation this generates me this wont be the case :o)

If you would like to learn more about my approach to profit from automated trading and how you too can learn to get realistic profits using sound trading strategies please consider buying my ebook on automated trading or joining Asirikuy to receive all ebook purchase benefits, weekly updates, check the live accounts I am running with several expert advisors and get in the road towards long term success in the forex market using automated trading systems. I hope you enjoyed the article !
0 komentar

The Retail Trader and the Expert Advisors

It seems like yesterday when I first decided to use automated trading systems to become a profitable forex retail trader. My life was becoming seriously affected by me taking too much time to manage my forex market positions so this seemed like a great opportunity to enjoy a day job free life style without anytime taken from my schedule. Boy was I wrong !

There is no doubt in my mind that this are the thoughts going through the majority of the new people trying to start to make a living from the forex market using automated trading systems, mainly expert advisors. People, just like me, start in this world with the hope that they will find an easy way, without having to learn or intervene too much, to be profitable in forex trading. My friends, you couldnt be further away from reality.

Ill tell you what happened to me, in the hopes that some of you can cut a few steps. When I started with automated trading systems I decided to buy the "flavor of the month" so to speak, that is, the expert that had been making money for a month and everybody was hyped and talking about. To my surprise (yes, at that time I was surprised!) the expert advisor turned out to be completely different from what I was promised. After a few months, it brought my account to just a few dollars. And you guessed right ! I was angry !

Sure, that was a scam, but there should be another expert I could trust out there. It turned out to be, that most of the commercial experts out there, do not work. To my surprise, I ended up having to learn about triple of what I would have had to learn to be able to trade manually. On top of learning everything a manual trader needs to know, I had to get familiar with the mql4 language and start to really come in touch with what expert advisors really do and what can and cannot be achieved in the world of automated trading.

You really cannot cut corners in the world of forex trading, automated or not. There are hundreds of traders out there trying to catch that same dollar you are after so you really, really need a very sharp edge to get it. And trust me, a 100 USD trading robot does not give you that edge. The edge comes from knowing the systems, knowing their limitations, their strengths, knowing what draw downs to expect, really, really trusting your trading systems (something which is extremely hard to do with a system that you dont even understand and that comes inside a black box)

If you want to learn more about the free and commercial expert advisors I have used, reviewed and programmed please consider buying my ebook on automated trading or subscribing to my weekly newsletter to receive updates and check the live and demo accounts I am running with several expert advisors. I hope you enjoyed the article !
0 komentar
 
Support : Creating Website | Johny Template | Mas Template
Copyright © 2011. forcasting forex - All Rights Reserved
Template Created by Creating Website Published by Mas Template
Proudly powered by Blogger