Through the last two posts of the road to financial freedom series we have discussed the definition of financial freedom and the attitude necessary to finally attain this goal. Today I am going to focus on explaining what should be the first step on anyone's journey towards financial freedom for anyone who wishes to succeed in forex trading without sacrificing other much more important aspects of their lives.
First of all, I will have to tell you that I am not the kind fo person who thinks money can do everything and I am therefore not willing to do any possible thing for money. I believe that there is a lot of value in having financial freedom but I consider that there are other things in my life which are far more valuable than the fact that I can live without having to work a 9 to 5 job. I have always had this very clear since the start of my journey in forex trading and I want to communicate to you what my first step in forex trading was : Organizing my life around my goals.
What does this mean exactly ? Well, when you start a journey in forex trading you have to think that you are not the only one starting the journey. Probably people around you (family, friends, etc) will be affected by your decision to seek proficiency in trading. The first thing you have to do when you make the decision that you will be trading and trying to do it profitably is to talk about this with the people around you. Bear in mind that by talking I don't mean telling. You need to truly explain what you will be doing and the time you plan to spend on trading and see how it affects your life and relationship with others around you.
Once you talk with the people around you you should build a schedule with them in order to guarantee that your new endevour will not affect your present relationships. For example, if you are married you should talk to your wife about what time you will be trading so that this time is exclusively devoted to this matter. Even if it is only half an hour or a whole hour a day your partner and closed ones should be aware of it so that they understand what you are doing and leave you your space to do it. This of course, also comes with the fact that you need to place boundaries in your life between trading and other activities. When you are playing with your kids or having dinner with your family don't think about trading, that is not what you are doing :o).
Another important issue, especially if you are married, is to discuss the financial issues openly and honestly with your partner. Don't make promises which you are much likely not going to be able to keep and don't go behind your partners back to use money to later "surprise them" with profits (more likely loses by the way !). Always be open about the very high risk of forex trading and the amount you will be investing. Talk about the potential in the future with your family but also make it clear that you may lose all that money in the beginning.
I have found often that failing to be open and communicative with the people in your environment about trading often leads to very bad situations like having to disclose your partner that you lost your lives saving (yes, this happened to someone !), or realizing that after years of training you are finally profitable but your wife and kids have left you because you were no longer a father and husband but merely a trader (this is also a true story !).
I was very communicative and open with my close family when I started my journey in trading and I have to say that I don't regret it a single bit. In fact, I believe that support from my close family was one of the positive factors that guided me towards success in trading. All the time I had people around me who knew what I was trying to do and who were understading when things turned sour. It is very important to understand that you are not alone in the world and that a big decision such as seeking financial freedom needs to go hand-in-hand with the support and affection of those around you.
If you would like to learn more about my achievements in trading, particularly automated trading and how you too can start to follow a path towards long term profitability using expert advisors 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 !
First of all, I will have to tell you that I am not the kind fo person who thinks money can do everything and I am therefore not willing to do any possible thing for money. I believe that there is a lot of value in having financial freedom but I consider that there are other things in my life which are far more valuable than the fact that I can live without having to work a 9 to 5 job. I have always had this very clear since the start of my journey in forex trading and I want to communicate to you what my first step in forex trading was : Organizing my life around my goals.
What does this mean exactly ? Well, when you start a journey in forex trading you have to think that you are not the only one starting the journey. Probably people around you (family, friends, etc) will be affected by your decision to seek proficiency in trading. The first thing you have to do when you make the decision that you will be trading and trying to do it profitably is to talk about this with the people around you. Bear in mind that by talking I don't mean telling. You need to truly explain what you will be doing and the time you plan to spend on trading and see how it affects your life and relationship with others around you.
Once you talk with the people around you you should build a schedule with them in order to guarantee that your new endevour will not affect your present relationships. For example, if you are married you should talk to your wife about what time you will be trading so that this time is exclusively devoted to this matter. Even if it is only half an hour or a whole hour a day your partner and closed ones should be aware of it so that they understand what you are doing and leave you your space to do it. This of course, also comes with the fact that you need to place boundaries in your life between trading and other activities. When you are playing with your kids or having dinner with your family don't think about trading, that is not what you are doing :o).
Another important issue, especially if you are married, is to discuss the financial issues openly and honestly with your partner. Don't make promises which you are much likely not going to be able to keep and don't go behind your partners back to use money to later "surprise them" with profits (more likely loses by the way !). Always be open about the very high risk of forex trading and the amount you will be investing. Talk about the potential in the future with your family but also make it clear that you may lose all that money in the beginning.
I have found often that failing to be open and communicative with the people in your environment about trading often leads to very bad situations like having to disclose your partner that you lost your lives saving (yes, this happened to someone !), or realizing that after years of training you are finally profitable but your wife and kids have left you because you were no longer a father and husband but merely a trader (this is also a true story !).
I was very communicative and open with my close family when I started my journey in trading and I have to say that I don't regret it a single bit. In fact, I believe that support from my close family was one of the positive factors that guided me towards success in trading. All the time I had people around me who knew what I was trying to do and who were understading when things turned sour. It is very important to understand that you are not alone in the world and that a big decision such as seeking financial freedom needs to go hand-in-hand with the support and affection of those around you.
If you would like to learn more about my achievements in trading, particularly automated trading and how you too can start to follow a path towards long term profitability using expert advisors 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 !
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1 comment:
Great Post Daniel! Thank you so much for this series.
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