I recently earned 27000 USD from 5000 USD in one day in Forex. But if you ask – Amit, why the hell you are after making company and other shit when you can do this. The answer is it is tough for me choosing between Wall-Street or Silicon Valley. It’s a quick question – What you want to do with your life –
No matter how we look at it, recognition from the outside world plays a tremendous part in how we feel about ourselves. This desire or even necessity to feel respected carries into almost every nook and cranny of our lives, including our online business.
And this begs a question that’s been haunting me for all the time:
Would you rather be recognized as a true authority in your niche, invited to speak at conferences and give interviews, asked for opinions, etc., but not necessarily see much monetary gain from all this recognition…
Being a nobody in the world, but quietly making enough shit income and enjoying your life to the fullest.
So what you will choose. Yes, it is damn confusing but you need to decide cause it is hard to make a combination of both. Startup is also like Forex. It has similar tension all the time though. But the sole thing is how you want to enjoy your life.
So my initial answer was Belfort. I left IIT’s 662 AIR (Lol, General Category rank) and I didn’t told many of my teachers about this cause they were eating my head and I was pretty sure about my goal. I joined a research institute to get a hold of cryptography and statistics cause I knew, having a rich dad, I have a safe net, so I don’t have to worry on jobs. So I was independent of choosing any thing I want and that screwed me to what I am now.
It might come as a surprise to you, but many A-list bloggers and internet guys don’t make much money from their blogs.
On the surface of things, they look quite successful, get hordes of traffic, social media attention, and comments, but have very little to show for it as far as their bank account goes.
Haha, the internet is crazy. I know a game player who earns more than Tom Cruise. He is a big fat guy listening to Metallica and playing games all the times. He earns by posting walkthroughs. And they are cute. Like he had absurd ways – Like why should you kill a hen with a rocket launcher in Farcry 3.
Or heard about Grumpy Cat ? Dude, you need to see this link of Wikipedia till you read till this ‘According to the United States Patent and Trademark Office database, “Grumpy Cat Limited” applied to trademark “Grumpy Cat” and an image of her at the end of January 2013.’
Is Grumpy Cat earning more money than Lady Gaga these days? The movie and product-endorsing feline that started as an Internet sensation has reportedly earned her owner nearly $100 million in two years, beating the earnings of some notable Hollywood A-listers.
This kitty has a limited company named after her of whose revenue is more than 80% of companies in India as per stats. So, pause. I will say, ‘No comments’. Let’s go back to old topic. After the blog ‘July Earning Report’, many people were asking many questions on forex. So let me give you answer in a QnA form.
How can I earn for forex ?
Threshold of Pain
You need to know what is your threshold of pain. In my early days I have worked for some Nigerian for a month for 80$ ( They pay really less – like even less than McDonalds waiter). So it was a huge shit for me. Now, stuffs like 200$, 300$ are like number for me. So please know how much you can afford to loose.
There is one and only one site – tradimo.com. You don’t need any ninja, guru or any other avenger category training course. It’s free to learn, easy to learn.
Make a demo account
I know you will think yourself like God after watching 10% of the videos which is the beginner course like me and start playing with real money but hey ! DON’T. You are going to loose in 3-4 days in best case scenarios.
But again, you will not listen. So keep 500$ prepared. I suggest don’t enter if you can’t loose 100$ 5-6 times. And then come back and learn the rest of the course and get a demo account and just favor yourself by not losing your money for at a straight 30 days. Then start it. It is tension-less to get 20% return of investment in a day if you saw all the videos.
Make a live account
Choose a broker from here who is giving most free stuffs but I do with GKFX. They are good and responsive to me till the very beginning.
- The most preferred way of income is Forex, where I earn like average of 500 USD per hour. I deal on short trades which can be closed in 2-4 hours max. I am attaching a PDF here of my two hours at GKFX. Click here to download Statement of Forex income. However, if you like to start on, just make an account here and get started.
- As I have more Indian followers, I assume you are Indian. Indians earn like 6000 USD per annum where people from Newyork, it is like 71000 USD. So how can you compete them staying here in India? Choose a business where you are in same grounds with them. That’s Forex. Got enough motivation? Eh!
Why People lose in Stock Market
First, it is ignorance, don’t listen to someone else is had listened from someone else. Listen to the news. Learn the way to discover the patterns. Don’t just click here and there. It’s the money will go up and down.
They say 95% of the forex traders lose. But the rest 5% becomes 95 times wealthier. They lose more money on their losing trades than they make on their winning trades.
What is the secret to win in Forex?
Is Forex tension?
Let me tell you a secret ? The higher the tension, the higher the gain.
According to my view, Forex is tension less business. if you are trader then you have complete knowledge of forex study .design the daily trade plan and your trades are according to your design. initially profit ratio is small but end of the month you have big amount . trading according to trade plan is tension less and smooth.
Some people meant that Forex is tension less business and some mean Forex is tension business. Forex is more risky online business and risk is essential here. Forex is full on tension unless you can accept to lose money also and we should minimize tension to gain successful. We need improve skill to avoid tension. So it’s oxymoron – you will earn big shots if you realize when you should close a losing trade.
So, give it a try!
My today’s drama –
I was testing a new technique I learned in some forum. I put 200 EUR. Then in noon it was 260 EUR and it was suddenly going bad so I closed it in 220 EUR. Then it became 230 EUR and then to 270 EUR but my equity (equity is the difference between the value of balance and the money running in Forex) was 100 EUR and went to 23 EUR too. What happens if it reaches 0 EUR. You loose all. So according to my calculations it can’t go beyond 21 EUR in worst case. But the worst case did occurred today. I had fever seeing this. I slept. When I woke up I saw it is going back with my calculation. Accurate. I ended up today with 240 EUR. Phew!
So, again, can you tolerate the threshold of pain of the scene having 23 EUR in equity and keep your nerves down. Then welcome to the journey of being millionaire in a year.
What are you doing right now ?
I am coding for a project named Wikilearning which I am determined to complete by 20th this month.