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I don't know why i am posting this

Technical analysis
spread-betting
https://zerodha.com/varsity/
https://www.babypips.com/learn/forex
technical indicators
Options learning
https://optionalpha.com/
https://www.optionsplaybook.com/option-strategies/
Books
pdf
option books
options noob questions
Youtube
mathematical finance
sensibull
for boomers
Price action
https://www.youtube.com/playlist?list=PLT6_Bt_TKitIW6KJ_EliFGeUWzMxm_9D-
algo trading
Podcast
theta gang
options alpha
chat with traders
options playbook
options genius
options bootcamp
apps for news
Some posts which i saved and dont know why
https://www.reddit.com/options/comments/ep7yrs/the_chart_moderators_dont_want_you_to_see/?utm_medium=android_app&utm_source=share
https://www.reddit.com/Forex/comments/cxn59p/for_all_the_traders_that_just_focus_on_price/?utm_medium=android_app&utm_source=share
https://www.reddit.com/Forex/comments/cxymyf/a_peek_into_how_financial_institutions_play_this/?utm_medium=android_app&utm_source=share
https://www.reddit.com/Forex/comments/dmzp14/so_you_wanna_be_a_proffesional_trade?utm_medium=android_app&utm_source=share
https://www.reddit.com/Forex/comments/6j7qm2/90_day_update_beginners_post/?utm_medium=android_app&utm_source=share
Edit- https://www.tastytrade.com/tt/learn/
submitted by The-ashura to IndianStreetBets [link] [comments]

Fuaadh 24HR TRADING ACADEMY FREE FOREX COURSE!

24hr Trading Academy Course & booklet FREE

Use this link below to download Fuaadhs NEW course, thank me later.
24hr Trading Academy FREE Course : Download Link - Click Here

I took the 24hr trading academy course this year, honestly the Lamborghini attracted me, later found out Fuaadh is a Scam.
Looking back at the course, it’s all FREE content that’s available on Babypips.com packaged nicely with a Lambo. Paid £2000, WASTE OF MONEY. His clearly took most of the FREE information from Babypips.com and selling it to people that gets attracted by his Lamgorghini.
FUAADHH IS THE BIGGEST SCAM , Check his Trustpilot reviews, btw he bribes all his students to leave a good review so they can join their premium group for FREE. https://uk.trustpilot.com/review/24hrtrading.academy
SO HERE IS HIS NEW COURSE FOR FREE!!!
The Financial Conduct Authority (the regulator or all financial products including the Forex market in the UK) have published an article on their website warning people that 24HR Trading Academy is an investment scam and should be avoided by the public at all costs. Just Google 24HR Trading Academy FCA and you will see. They are not authorized by the FCA and are targeting people in the UK with activities that need to be authorized and regulated by the FCA.
Fuaadh and his team of yes men are crooks who run an illegal scam operation, providing ‘signals & courses’ and causing investors to lose thousands because of their lies and greed. These aren't the words of just an investor like myself, it’s the word of the official governing body of financial markets in the UK.
If you have been scammed by this fake trader do comment below. Thanks!
Fuaadh the CEO of 24hr Trading Academy – www.24hrtrading.academy
FCA 24hr Trading Academy Scam Report: https://www.fca.org.uk/news/warnings/24hr-trading-academy-ltd
Instagram: https://www.instagram.com/24hrtradingacademy/
Fuaadh FREE Trading Course Link: https://1drv.ms/b/s!AgnbEkGemBP5auopsJZ89_hnvvs?e=PbQYbC
submitted by Abi-Rahman to u/Abi-Rahman [link] [comments]

I have a laundry list of questions and thoughts. I'm just going to brain dump here. Feel free to engage!

I've been interested in markets for what feels like forever now but never had the capital or time to properly invest in training, studying and practicing.
That window might be coming and I want to get a better understanding of some things.
For starters, I would be trading part time-ish. What I mean by that is I will have access to my charts and account via web based platforms from the office all day - but the degree of which I'm tuned into it will vary through the day. (How to make a boring job less boring.)
With that said, the requirements of what type of market trading I get involved with will depend on the flexibility of it's platform offerings. (as in a quality web platform as well as mobile).
Some questions:
I'm interested in Forex (or micro forex futures given my small bankroll), commodities (gold, silver, oil, etc) or trading S&P 500 e-mini futures (as I've read too much material now about how fantastic they are as a first trading vehicle to newbies). Of the two, which generally have brokers that have better mobile and web based trading applications? I won't be able to set up a space ship of a desk space with Metatrader and 50 graphs of stuff and a face tanning wall of monitors. I'll be browser based with dual-display monitors and on iOS. (Hell, if I could trade all day reliably from an iPad I would 100% do that instead)
My initial capital I plan to start with would be roughly $2,000 CAD. Nothing wild. I'd be calling it "tuition" while I learned. (after I come off paper trading of course) My goal at that point would be a) learning b) practicing and executing a trading strategy and c) growing my bankroll
I'm a huge advocate for depth over breadth so if I went the forex route, I would very likely only commit to one currency pair and become intimately familiar with it. I don't think I have the dna to be a multi-chart multi-pair type of person. The only for sure things I know is it would either be the big pair EUUSD or the more familiar USD/CAD as I'm in Canada, on a border city and am knee deep in news on both fronts.
I really don't know which of the three paths I should really go into. Part of my decision making process will be what kind of training and education material is available for them.
Here's all I really know about that so far:
So if we were friends, and we were having a beer somewhere and I was spitballing all of these thoughts, what would you reply with?
What market should I consider the most? Where's the best place to learn about it? Where can I find, learn, or study a strategy that's reliable but not too high risk? What brokers of that market take canadian accounts and have robust browser based platforms and equally good iOS apps? Can someone actually trade successfully, reliably and comfortably from an iPad if they were so inclined?
Thanks so much.
submitted by gulsadei to Daytrading [link] [comments]

Oanda refused me an account due to lack of knowledge, then decided to give it to me anyway and deposit £250 for free. Cause for concern?

I've been demo trading for about half a year now, and got it into my head that i was probably ready to start trading for real. Doing some research for accounts to set up i came across Oanda and saw positive reviews and that they were one of the older fx traders. Seeming reliable, i went to sign up for an account with them. At the end of their account process it asks you multiple questions, testing you on your knowledge of the Forex market. I did not pass, and had my account refused. Taking this as a sign i was not ready, i've gone back to learning, found this subreddit and am currently running through the Babypips course.
I would have thought this the end of the story, but three weeks later i receive a missed call/voicemail from Oanda, saying that they wish to speak to me about opening my account. I ignored it, since i'm still going through the course. A few days later they call me again, leaving another voicemail to chase, and then again. After the third one i just blocked the number, but i kept getting voicemails from them. Listening to these they now tell me that they've gone through with creating my account, and they've deposited £250 for me to start spending. They also say that after five completed trades i'll be able to withdraw the money. They have since called me about ten times, once a day, always leaving a voicemail.
Considering they originally denied me an account due to lack of knowledge (which i'm perfectly willing to accept, i was trying to jump in too early) this all seems kind of dodgy. They're not only giving me an account, but they're encouraging me to get to trading, when they specifically know that i wasn't able to pass the test.
Is this normal behaviour for a group like Oanda? Are they trying to target me like i was purely a gambler? Should i take advantage(sign into the account, make five tiny trades, close them and withdraw the <£250)? Or do i just contact them to tell them to close the account and leave me alone, (or just ignore them altogether)?
Thanks in advance.
submitted by Sazazezer to Forex [link] [comments]

My First Year of Getting into Trading - Review

So, long time lurker of this subreddit, but only have posted once before. I'll get to that later.
First, I'd like to share my appreciation for this sub as a new beginner getting into trading. There's a lot of crap out there and it’s hard to sift through it. Not saying crap doesn't get posted here, but it's well modded. So thanks for that. This is a decent place to get grounded.
Intention of this post is info from one newb to other newbs getting started. The purpose of this post is more for information and factual stuff than advice. As a beginner some times just factual info can be the most help rather than advice. I’ll try to make this quick. Probably won’t be, I’m summarizing a year and 4wks here.
How I got started. I was listening to Jim Cramer on Mad Money while at work. Yea don’t laugh. I always wanted to trade stocks, but never really had the capital to do it. The idea of working from home and trading always appealed to me like it has to many others. Also, I was getting frustrated with my job, (still there by the way). Anyways, once I finished paying off all my school loans I started seriously looking in to trading. I’m 26 atm.
Quickly learned I still didn’t have the capital to trade stocks the way I wanted to. Living in the U.S. and subject to the pattern day trading rules I would need 25k. Which I don’t. Not sure where I found the info but looking for other ways to trade I discovered spot forex. Hey! And you don’t need 25k to trade like a mad man.
Quickly learned from multiple sources, seriously its everywhere, if doing FX you need to go through babypips. So 1 year ago at the beginning of March I started working my way through baby pips. Also, I opened up a practice account with Oanda at the same time of starting babypips. Being in U.S. the broker options are limited. I saw the big 3, Gain, FXCM, and Oanda. Gain had terrible reviews, FXCM already had a sketchy past, so I picked Oanda. But honestly they all have bad reviews, but I wanted to trade.
Took me about 2 months to work my way through baby pips course while trying every indicator under the sun on my practice account. Also discovered tradingview during this time. Best analysis center out there honestly. Now around my 3rd month I started to hit this wall ( this is a magical wall that re-appears throughout this endeavor whenever you finally think you’re getting somewhere) . Realizing that with all the crap and indicators on the screen and if I’m being honest with myself I haven’t got a clue what the crap I’m doing. I knew I needed to simplify things and stick with things that stuck out to me (you know what they say, find your edge). For me that was going to be MACD. It’s the one thing I thought I understood. Keyword “thought”. And only in the larger time frames 4hr + charts. I could clearly see divergence and convergence throughout the charts. And I could clearly see a shift in the trend after things like divergence. So my goal was to master the MACD.
It was brutal, but in some ways it worked for me. I could clearly see that an up or down trend was dying out on the daily or 4hr. charts. So when I thought the trend was almost over I would start taking reversal trades or what I thought were break outs of the trend. My practice account almost got murdered multiple times. But if I was convinced the trend was turning, I kept buying or selling more positions until it reversed (but sometimes it never turned and I just ended up cutting a huge loss). Now I’m getting close to 6 months of trading. I was up about 40% on my 100k practice account. Believe me, I understand I still didn’t have money management, and it was probably complete luck, and it was stupid trading with such a large practice account, but at this point in my mind I thought I was ready for the “next stage.”
Going live, some people suggest not going live until you have your strategy completely mastered. ( I didn’t) So naturally my sympathy’s fell with those who suggest after 3 months of positive trading you should start prepping yourself mentally with a small real account. By this time I had saved up $3k to throw into my live account with Oanda. And I told myself I was mentally prepared to completely lose all 3k (was I really? I don’t’ know). Why did I pick 3k as my start amount? To me it was just large enough that it would hurt if I lost it, and the potential wasn’t too small where if I was successful I would only be able to buy a happy meal from McDonalds.
So here I am, 6 months into trading with a live account. It started about as bad as one could expect for someone with no money management. I still didn’t know how to take profit with targets. It’s like I took a stupid pill right before trading live. Cause not only did I not trade divergence all the time, I started taking trades from others on tradingview. Hence my first post on this reddit which I got railed for copying another persons trade. I had to take break for like 2 weeks after that to recoup my mind. I lost about 25% or more of my account. Started taking money management seriously at this point. Started reading up on it, started taking calculated trades with risking only 2% of my account. Those first 2 weeks were necessary for me to grasp money management. Believe me I read all about money management, I even understood it for the most part, but I didn’t really utilize it till I took that hit on my account. Reading is not the same as experiencing.
Now things started to work out for me again. I went back to searching for divergent trades, my trades. But I also started looking for others on trading view who traded just divergence. This helped, especially when it came to spotting trades you agreed on. I didn’t just follow the highest rated traders, I followed those who were trading similar to my style. Now, believe me, I still suck at trading at this point, but my money management still allowed me to recover my account, and even gain on it. But I was break-even trader 9-10 months in with my bad trading.
Now this is going to be the part that I never thought I would do, especially since its frowned on in general by this group. But I paid for a trading course, well more like to join a permanent trading group who trains you. (I’m not recommending this) I won’t say who or what the group is. This is just factual information. Yes I paid 2.5k to join a group. So don’t ask who the group is. I’m not writing all this just so the mods delete it as a promotion. But through trading view I found someone whose charts I liked a lot and got in contact with him. Our trading styles were similar and he peaked my interest and was nice when I contacted him and I wanted to learn more faster. So like I said, I found someone whose trading style I associated with. Your style maybe completely different and probably is. So finding a group who doesn’t trade like you would be a complete waste of time. And what do I think of my experience in a trading group? I refrained from live trading during these several weeks of training. I wasn’t the only student. In general we had 1 week of lessons, then split into a small groups for 2 weeks of 1 on 1 trading with a senior trader. Rinse and repeat for a couple of weeks that was my training. All in all, it wasn’t all I expected and yet it was more than I could have expected. I did learn new techniques that I believe help me, but I only finished 2 weeks ago.
So all in all its been 1 year and 4 wks since I started trading. I haven’t made globs of money in a short time. And I’m still not as good as the senior traders in our group. I still maintain a full time job because it’s necessary for me at this point. I was waking up at 4:30am in the morning just so I could attend these training sessions. And trade before and after work, and have reduced my work hours from 50+hrs a week down to just 40 hrs so I have more time to trade. I hope one day to quit my job so I can trade full time. Anyways that’s my first year of trading in a nutshell. Going into my second year. If you would like me to update again at the beginning of my 3rd year give it a thumbs up. God Bless.
submitted by tbonefx to Forex [link] [comments]

A list of books I've read, plan on reading, or reading now.

Here is my list of books I've been planning on posting for a while now. I've read a good amount of these books but I still have a bunch to go. How did I find these books? I searched the fuck out of amazon for things that I would find useful that had good reviews, ratings, and a summary/description that matched what I was looking for. I don't have the time to write or copy/paste a summary of each book so added the amazon link to each one if you want to know more about it. The last list of miscellaneous books doesn't directly deal with forex trading but rather economics and shit in general. I added them to the list because I figured they would interest some of you. If there are any books I should add to this list, comment below.
Beginners:
These are some of the first Forex books i've read. They're on par with babypips but a little more in depth. Each book explains all the same basic concepts but in their own unique way. I don't know about you guys but I prefer to learn things from different people and sources so I'm exposed to new ways of thinking. If you have been trading for a while, just scroll past these few books, they're meant for complete beginners.
Technical Analysis:
Below is every book you will ever need for technical analysis. They are in no particular order but I strongly advise you to start with the first book by Steve Nison. Of course, just reading these books won't make you a master at TA. You need to apply and practice the concepts as you go. Reading the info is just scratching the surface.
  • Japanese Candlestick Charting Techniques, Steve Nison - Link
  • Candlestick Charting For Dummies, Russell Rhoads - Link
  • Charting and Technical Analysis, Fred McAllen - Link
  • Getting Started in Chart Patterns, Thomas N. Bulkowski - Link
  • Technical Analysis For Dummies, Barbara Rockefeller - Link
  • The Art and Science of Technical Analysis, Adam Grimes - Link
  • Technical Analysis of the Financial Markets, John J. Murphy - Link
Fundamental Analysis:
Fundamental analysis is the study of the underlying fundamentals that move a security, in this case, currency. The fundamentals in forex are all about economics, obviously. Therefore, a majority of the books in this list deal with economics. If you feel comfortable with economics, skip to the economic indicators towards the bottom. I also included a book called Naked Money which deals mainly with our financial system and money.
  • Basic Economics, Henry Hazlitt - Link
  • Naked Economics, Charles Wheelan - Link
  • Economics Through Everyday Life, Anthony Clark - Link
  • The Economics Book, DK - Link
  • Economics DeMYSTiFieD, Melanie Fox - Link
  • Doughnut Economics, Kate Raworth - Link
  • Misbehaving: The Making of Behavioral Economics, Richard H. Thaler - Link
  • Naked Money, Charles Wheelan - Link
  • Economic Indicators For Dummies, Michael Griffis - Link
  • The Secrets of Economic Indicators, Bernard Baumohl - Link
  • The WSJ Guide to the 50 Economic Indicators That Really Matter, Simon Constable - Link
Psychology:
You can have the BEST trading strategy out there, but without good trading discipline, you're fucked.
  • Trading in the Zone, Mark Douglas - Link
  • High-Probability Trading, Marcel Link - Link
  • The Signal and the Noise, Nate Silver - Link
  • Superforecasting: The Art and Science of Prediction, Philip E. Tetlock - Link
Miscellaneous:
This is the type of stuff you read when you're bored or taking a shit.
  • Global Economic History: A Very Short Introduction, Robert C. Allen - Link
  • The Creature from Jekyll Island, G. Edward Griffin - Link
  • Richest Man In Babylon, George S. Clason - Link
  • Narconomics: How to Run a Drug Cartel, Tom Wainwright - Link
  • The Industries of the Future, Alec Ross - Link
  • The Urban Farmer, Curtis Allen Stone - Link
  • Griftopia, Matt Taibbi - Link
  • Dark Money, Jane Meyer - Link
  • Currency Wars, James Rickards - Link
  • How Asia Works, Joe Studwell - Link
  • Think and Grow Rich, Napoleon Hill - Link
  • When Genius Failed, Roger Lowenstein - Link
  • The Wealth of Nations, Adam Smith - Link
  • Why Nations Fail, Daron Acemoglu - Link
EDIT: There are some books I left out, I will add them later.
submitted by 47dollars to Forex [link] [comments]

10-16 02:23 - 'Hurling Rocks at Caimans: A Cowboy's Tale' (self.Bitcoin) by /u/mine_myownbiz13 removed from /r/Bitcoin within 56-66min

'''
In 1991, my mother had the foresight to leave Venezuela for the United States. She sacrificed a medical profession, her family, her friends, and the comforts of her own land and culture. It was before Chavez, before communism, before famine, before societal collapse. She didn’t know it at the time (perhaps she felt it), but she was saving our lives. Recently, I was asked by her brother, my uncle, to give some words of advice to his youngest son, whom he sent to live in upstate New York earlier this year in the hopes that he might find some opportunity there. He’s 17 and fascinated by cryptocurrencies, but knows next to nothing about them. I wrote this letter for him.

Hello Cousin,
I write you in the hopes that you will take away something useful from my own experience.
There’s a saying in English that’s always stayed with me, “There’s no such thing as a free lunch.” In other words, nothing in life is easy, not money, not love, not anything. Nothing worth your time is ever going to be easy. There’s no free lunch!
I first got into trading in 2008. Your dad had heard from a friend that Citigroup stock was going to pop soon and that he should buy it. The US Stock Market can only be traded by U.S. citizens and special types of corporations, so he asked me to act as a proxy for his investment, and I did. I did it because I thought it would be a get-rich quick rich scheme that I could learn to do on my own. At this time I was in graduate school and unsure of what to do with my life. I’ve always been good at school. It’s easy for me. I had professors telling me I’d make a great scholar or a great lawyer, but at the time I was teaching middle-school English in a poor neighborhood of Miami. I had a big decision to make.
Naturally, I decided to get rich quick! I spent 2-3 months reading books on stock trading and executing simulated trades on practice accounts. I learned to work a variety of trading platforms so that I could trade several markets around the world, which I did. I quit my job in the fall of 2008 and took my entire life savings of $20,000 into the market. The broker gave me 3.5 times leverage on my money and I had $70,000 of available trading capital. When your dad made his deposit my account had a trading capacity of over $2,000,000. With that kind of margin, I was able to turn $20,000 into over $160,000 in less than 9 months! I was making over $15,000 a month. As a teacher, at the time, I think I made about $2,700 a month. So, as you can imagine, I thought I was a genius! I was getting rich quick, right?
Wrong. There’s no such thing as a free lunch. When your dad sold his share of stock being held in my account I was also forced to liquidate my own positions. I had bought call options on the future price of Apple stock, and the way that kind of trading works is that your money is locked until the future event you are betting on occurs. If you liquidate before a certain date there may be a penalty to pay. In my case, it was $35,000. After this, I had the good sense to step away for a moment, to cash out my chips and think about what came next. Also, I didn’t have a $2,000,000 trading desk anymore, and without the added margin, there was no way I could continue to trade the way I wanted to. I wanted to make medium to long term trades, because one of the first things I learned along the way is that short term trading (day-trading, scalping) is, for the most part, a scam. There are technical reasons for this, but trust me, short-term trading any market, be it cryptos, stocks, or commodities is a bad idea. You will lose money with an almost 100% guarantee.
I walked away from the stock market in 2009 with $150,000 cash but no market to trade it in. So, I did the next best thing: I bought a nice new car (in cash), took a crazy trip to Europe, and consumed over $25,000 worth of shit I didn’t need, and when it was all said and done, I went back to teaching. I taught at an even poorer neighborhood this time. I had gang members in my class. There were arrests on a monthly basis. Some of the kids had psychological problems, emotional problems, learning disabilities, and many of them were being abused at home in one way or another. This was a middle school. Twelve year-olds. I did that job and others like it because I believe in morality and in helping people. That’s the reason I’m writing you this letter, because I want to help you, and I think it's the moral thing to do. And you’ll see what I mean by that when I tell you about cryptocurrencies and the blockchain later on. Anyway, during that year of teaching I discovered a new market to trade. One that would give me 100 to 1 leverage on my money. One where I could manage a $5,000,000 trading desk with only $50,000! That market is called FOREX, and its the global “fiat” currency market. It’s the opposite of the crypto market, which is the global “digital” currency market. More on what all that means later, but for now just understand that FOREX is the most liquid and highly traded market in the world.
After the school-year ended in May of 2011, I took that summer off to research the FOREX market. I read many new books on trading, which were specific to the currency markets. I watched hundreds of hours of video on technical analysis and even more hours of “financial news,” which is mostly economic propaganda, but I won’t digress here. The point is that by late August of 2011, I was once again ready to dive head-first into trading. This time, I thought, it would be even better, because I’d have even more money to “play” with! This time, I thought, I’m going to get rich!
I’ll stop here and tell you that the journey up until this point had not been the smoothest. While trading stocks there were many days when I lost hundreds, thousands, and even tens of thousands of dollars in hours, sometimes in minutes! You may imagine the added level of stress I had to deal with because I was trading with my entire life’s savings and my wife had just given birth to our son, Sebastian. He was a toddler at the time. I’ll give you a brief example of trading’s unpredictable nature, and the unpredictability of financial markets in general: I had spent several months preparing for my first live trade. I’d read many books and practiced my ass off until I thought I was ready. I had a system, a strategy. I was going to get rich, quick! The first week I traded stocks I lost $10,000 in 3 days. I will never be able to fully articulate what it feels like lose 50% of all the money you’ve ever had in less than 72 hours. All the while knowing that if you fail, it will be your family who suffers the most.
You might be wondering: “Shit, why’d you do it?” or “Why’d you keep doing it?” That’s understandable. After all, my academic background is in history and political science, not finance and economics, not statistics. Well, cousin, I did it because I’m a cowboy. A risk-taker. I’ve always been one. I remember being four or five, at our grandfather’s farm, and lassoing calves in the cattle pen by myself. Men were around, but they let me do it. Although, in retrospect, some of those calves were twice my size and could have easily trampled me, I don’t ever remember feeling scared---I loved that shit! I remember sneaking out and walking down to the pond, then going up to the water’s edge to see if I could spot the caiman that lived there. I would even hurl rocks at it sometimes, just to see it move! Another time, I found myself alone in the dark with a 15-foot anaconda not more than a yard away, and all I could do was stare at it, not out of fear, but wonder. Again, in hindsight, probably not the best of ideas, but I’ve never been scared to follow the path laid out by my own curiosity. I am a natural risk-taker. I tell my city-slicker friends that it's because I come from a land of cowboys, where men are born tough and always ready for a challenge. Cowboys are risk-takers by nature, they have to be, the land demands it of them. There’ll be more on risk-taking and the role it plays a little later, but for now, let’s focus on FOREX and what I learned from it.
After the school-year ended in May of 2011, I took that summer off to research the FOREX market. I read many new books on trading, which were specific to the currency markets. I watched hundreds of hours of video on technical analysis and even more hours of “financial news,” which is mostly economic propaganda, but I won’t digress here. The point is that by late August of 2011, I was once again ready to dive head-first into trading. This time, I thought, it would be even better, because I’d have even more money to “play” with! This time, I thought, I’m going to get rich!
Trading FOREX was not easy. The hardest part was that it had to be done between 3:00 am - 11:00 am, because these are peak trading hours in London and New York, where the majority of the market’s money resides. This means major price moves, the price swings that can be traded, for the most part, happen during this time window. For me, this meant I had to live a type of quasi-vampiric lifestyle, waking up at 8:00 pm and going to sleep at noon, every day. At first, it takes a toll on your social life, and eventually starts to affect you mentally and emotionally. There is a certain degree of isolation that comes with it, too. You are awake when your friends and family are asleep, and asleep when they are awake. It can get lonely. However, my first six months of trading FOREX were OK. I wasn’t making $15,000 a month anymore, but I was making more than I would have been, had I been teaching. However, I had a deep-rooted feeling of uncertainty. Although I’d had some initial success in trading stocks, and now currencies, I’d always felt, at the back of my mind, that I’d just been lucky, and nothing more.
This fear materialized itself in June of 2012 when the strategy I’d been using for some time was no longer profitable. I panicked. I started experimenting with new strategies, which only made matters worse, and lead to even more panic. It is no exaggeration to say that trading is one-third mathematical, and two-thirds psychological. No amount of books, videos, or paid mentorships, which I also consumed, had prepared me for this eventual reality check: I didn’t know what the fuck I was doing. I had no clue.
I left FOREX humbled, with barely enough money to buy a decent car, much less trade any time soon. The next two years, 2013-2015, were some of the hardest of my life. Harder even than 1991-1993, which, up to that point, had been the worst couple years I’d ever experienced. Those were my first years in the United States, and they were full of hardship. A type of hardship I’d never experienced before, and never have since. Remember the school I mentioned? The one with the gangs and the troubled kids and all the poverty? Well, I attended schools just like that as a kid, too, until I turned 15. I had many more encounters with caimans and anacondas there, except now they had first names, and for some reason, were always more prone to strike! Anyway, those were tough times, but not as tough as the post-FOREX experience.
Failure at FOREX took a mental toll on me. After all, I had gambled everything, my entire future on the bet that I could earn a living as a professional trader. I realized I had failed because of my own intellectual laziness. I always knew I had been lucky, and instead of using the wonderful gift of leisure-time the universe had granted me through that initial success to fill the knowledge gaps I knew would keep me from true and long-lasting success, I let my ego convince me otherwise, and talked myself into making decisions I knew to be extremely dangerous and outside my expertise. I wanted to wrestle the caiman! Cowboy shit. Irrational, youthful folly. Needless to say, I lost 80% of my account, which was also my family’s savings, in less than four months.
Now, I had a real problem. How was I going to pay the bills? What was I going to do with my life? I was 30 years old, had a five-year old son, very little real-world work experience and a college degree in history and political science. How was I going to make money? Serious money? Enough money to help my mom retire and give my son all the advantages I never had? Enough to deliver on the promises I had made to my wife during all those years she put up with my crazy hours and wild ideas about getting rich quick? What was I going to do now? I tell you, cousin, these are the kinds of questions you will find yourself asking if you do not heed my advice.
I didn’t want to teach anymore. I didn’t want to do anything anymore. I was depressed. I had what we call here in the United States, “a quarter-life crisis.” I abused alcohol and drugs to cope with the pain of my failure. I was weak. I was unprepared for the realities of life. I did not yet understand, even at 30 years old, that there is no such thing as a free lunch. I won’t dwell on the specifics of the hardships I endured during these two years, except to say that I almost lost it all, including my life, but I’m grateful I didn't.
However, it was also during this period, 2013-2015, that I began to fill gaps in my knowledge about markets, economics, and the nature of money itself. Gaps I knew would need to be filled one way or another, if I was ever going to trade or invest in anything again. Luckily, towards the end of my FOREX days, I had come to realize there was something wrong with all the information I had been given by the mainstream media, specifically on the topics of economics and finance. I noticed that nothing they ever said about the markets turned out to be accurate, that mainstream financial “news” could not be trusted for investment purposes. It took tens of thousands of dollars in losses and several years of headaches before I learned that lesson. I’m glad I finally did.
I decided to use the last bit of money I had left to buy some gold and silver (by this time I had begun to understand the definition of sound money) and to open up a brick and mortar business. I did not want to work for anyone else, only for myself. I wanted to be an entrepreneur. The trouble was that the only business I had enough money for was a mobile car wash. So, a friend and I bought a van, some pressure cleaners, a whole bunch of soap and got to work! We were going to hustle hard, work warehouse and shopping center parking lots, save enough to reinvest into our business and go after the luxury car market. We were going to charge rich people $1000s to detail Ferraris and Lamborghinis, and it was only going to take six months, tops! Great plan, no? Easy money, right? Well, we washed cars for exactly one day before we realized what a terrible mistake we had made. It turns out car-washing is a backbreaking, low-paying, and degrading business. There’s no free lunch, remember that.
My friend and I were lucky. We quickly transitioned our business from a mobile car wash to a painting/pressure cleaning company, and had immediate success. In less than two months we were hired as subcontractors by a much larger company and I was more or less making what I had made teaching, but working for myself. After a couple of months, my partner and I were already envisioning the hiring of our first employees. Cool, right? No. About a year after we started the business, my partner, a high-school friend of mine, a guy I’d known for more than ten years, decided he didn’t want to do it anymore. That he was too tired of the hardships that come with that kind of work. Tired of making the constant sacrifices required to be successful in business. So, he quit. I lost everything I had invested, because without him, I could not operate the business on my own, and our corporate partner dropped us. I begged him not to quit. I told him that business takes time, that there’s no free lunch, and that we would be rewarded at some point for our hustle and hard work; that we would be able to hire laborers to do the work in less than 6 months, and that we would then focus on sales, and start to make some real money. He did not care. He had his own demons, and chose to steal from me and end our friendship instead of facing the hardship head-on. By this time, however, I was already used to failure, and although I was still coping with the mental stress of having failed at something I once had thought would be my profession, it still did not stop me from following my curiosity, as I always have.
It was during these years that I first learned about Bitcoin. About blockchain. About the nature of money, economic history, the effects of monetary policy on financial markets. I’d wake up at 6:00 am every day, paint houses, pressure clean dirty sidewalks and walls, spend over 2 hours commuting back home every night, and then stay up for as long as my body would allow learning about macroeconomics and the history of markets. I researched the nature of debt and gold a medium of exchange. I read about counter and Austrian economics. I became a libertarian, later, an anarchist, and, after almost two years study, I began to discover legitimate sources of financial news and information, intelligent voices that I could trust. I had acquired enough knowledge and experience to discern the truth from the propaganda, and it was during these same years, these terrible times of hardship, that I finally learned a most valuable lesson on money and markets: capital preservation is the key.
Remember, when I said we’d come back to risk-taking? Well, the trick is not to take it, but to manage it. The secret is education, knowledge. Knowledge truly is, power. Traders are only as successful as the depth of their own knowledge, because it's the only way to keep in check that inherent, paralyzing fear which “playing” with money eventually engenders. As a trader, you must have complete confidence in your “playing” abilities, and this is something only achieved through much study and practice. There’s no such thing as a free lunch, ever.
I want you to know that Bitcoin, the blockchain, and cryptocurrencies are NOT get-rich-quick schemes. They are NOT Ponzi schemes either. They are cutting-edge financial technology, and an emerging asset class. The blockchain has been compared to the agricultural revolution of the Neolithic age and the invention of writing by ancient Mesopotamians, in terms of its importance and potential impact on human civilization. It is a technology which will eventually affect and reshape almost every single industry in the global economy. In the next two decades, all types of industries will be impacted and disrupted by this technology--banking, real estate, healthcare, the legal industry, politics, education, venture capital, just to name a few! This technology allows for something called “decentralized store of value.” Basically, it allows for the creation of an alternative financial system, one where power resides in the hands of the people, instead of corrupt governments and corporations, so that currency crises like the one Venezuela has recently experienced, may one day be completely eradicated, like polio, or bubonic plague.
I will tell you that, at 17 years old, you have an amazing opportunity to set yourself up for incredible success in this brand new industry called the blockchain. There are entire professions that will be birthed into existence in the next 5, 10, and 20 years, in the same way the internet made possible millions of people around the world to work from home, wearing their pajamas, doing a million different things--things which were unimaginable to those who knew the world before the advent of the internet. Of course, it will require a great deal of work and effort on your part, but I assure you, it will be totally worth it!
Today, I am 35 years old. I run a successful ghostwriting business that I manage from the comfort of my own home. I invest exclusively in Bitcoin and precious metals, and hope to retire by the time I’m 40. Well, not really retire, but start on a much-anticipated new phase of my life, one in which I don’t have to worry about financial independence anymore.
To that end, cousin, here is my advice:
  1. Forget about getting rich quick. There’s no free lunch!
  2. Learn the English language, it is one of the tools you'll need for success.
  3. Work or go to school. Either way, dedicate yourself to learning about this new technology as much as you can, and begin to save, as much as you can, in Bitcoin.
I reviewed the website you told me about, [[link]3 , and while I respect, and to a certain extent admire what those gentlemen are doing, I can tell you, unequivocally, that taking those courses won’t turn you into a trader. It won’t make you rich quick. Far from it. In fact, there is nothing that these "warriors" will teach you, that you could not teach yourself for free at [[link]4 .
I’ll end it here. Hopefully, you made it to the end and took away a nugget or two. Please feel free to ask me anything you want about any of it, cousin. I’m always here to help.
'''
Hurling Rocks at Caimans: A Cowboy's Tale
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Author: mine_myownbiz13
1: ww*.cri*toguerre*os*c**/ 2: w*w***bypips.com/ 3: www.criptoguerreros.com]^^1 4: www.babypips.com]^^2
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Best Free Forex Course BabyPips 📒📚 ️ - YouTube

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