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Saturday, August 13, 2011

Trading for a Livelihood

ONE OF THE BEST JOBS IN THE WORLD

“I was managing a health club in California and a member of the club was always heading to the beach every day around 10 o’clock in the morning. I asked him what he did for a living that allowed that kind of lifestyle; he said he was an options trader. I wanted that lifestyle!” – Jack Broz

Hello:

In a past article of mine titled The Real Financial Freedom, I discussed the financial benefits inherent in trading, plus the reasons why I got no choice but to find the secrets to consistent success in trading.

It was easy for a university graduate to get a good job when my father was a teenager. Nowadays, it’s getting more and more difficult for most job seekers to become gainfully employed (unless one is extremely lucky). In one land, where federal, state, and private tertiary institutions are mushrooming, less than 17% of the graduates produced every year are gainfully employed. What would be the lot of the rest of these graduates? If there’s uproar in a town, which seems quiet in a morning when most adults are supposed to be at work, you’ll be surprised to see an army of able-bodied men running out of their various homes, just to see what’s happening. Jobless people are greater in number than you may imagine.

Certain employees are being treated as slaves or as hopeless beggars. Yet it’s very sad to see people lose their jobs when they least expect. Majority of graduates end up surviving on jobs that don’t require any university degrees. This is a harsh reality. As for me, I decided long ago that I’d subject myself to the uncertainties of the financial markets and move ahead in spite of this. To me, this is more favorable than the gruesome uncertainties of the labor market.

In the past, I made mention of some traders who are financially free. There are many, many more of them. David Tepper, a top trader, made a personal profit of $4 billion in the year 2009 – something that was approximately $333 million dollars per month. As an employee, who would ever give you that as a salary? Another trader made - in one day - a profit that surpassed the income of a lifetime of someone who enters the federal civil service with a PhD. Private traders can’t be dismissed or retired or retrenched. Travis Mackenzie said he saw himself in his late 80’s and still trading. When asked whether he’d stop trading at some point, John Bollinger replied: “I think I can answer this question in just 3 words: No, no way!” Once you taste success in trading, you’ll be hooked. Granted, it’s not possible for every successful trader to become a billionaire or a millionaire, but each of them can be financially free. This is achieved when your passive income equals to what you need to live on.

It’s advisable that one begin to think of how to attain one’s financial goals. It’s even far better to start doing this at a young age (this doesn’t mean that it’s too late for older people). You’d need to work your way slowly up the ladder of success; learning patience in the process. Some young people may think they’ll live forever because they have many years ahead of them, and they live meaningless life as a result of this belief. But it’s better to start living a meaningful life right now. Life is short. If you aren’t a genius by the time you’re 22, you’ll never be one.

Although, trading isn’t the only profession that brings financial freedom, it’s one of the best jobs in the world.

Trying to make money legitimately is a noble effort. Some shallow-sensed thinkers conclude that the quickest route to riches is to scam people. Strictly speaking, there’s no iota of wisdom in announcing, proposing, presenting fake ideas or business dealings to people – with the hope of duping them. It’s myopic to think that the so-called yahoo boys are intelligent. Their supposed intelligence is in reality, an abject form of folly. If someone’s only means of survival is telling lies, do you call that wisdom? “Like a partridge that hatches eggs it did not lay is the man who gain riches by unjust means. When his life is half-gone, they’ll desert him, and in the end he’ll prove to be a fool,” says prophet Jeremiah. It’s true intelligence that makes one to figure out how one can make money legitimately. Paul Tudor Jones and Louis More did not make their fortune from scam art: and neither Mukesh Ambani nor Mark Zuckerberg made their billions from shady dealings. Scam artists are inevitably living fake life, and their aftermath would prove to be fake. No wonder their lot is really pitiful. Why? Jesus Christ had declared that there’s nothing carefully concealed that will not be revealed, and secret that will not become known.

Please don’t think that it’ll be difficult for you to become financially free in trading. You just need to start right now. Even if you don’t have anything, you may start honing your skill by trading in simulation mode. A great and rare skill must come before success, not the other way round. Trading mastery is a very rare skill, and it’s this skill that’ll ultimately lead you to your success. If you are very good at trading, you will soon experience financial breakthrough: it may only take some time. If you can do this, you’d be a witness to your own journey from rags to riches.

Truly, trading for a livelihood is one of the best jobs in the world, provided you know the secret to consistent profits. Many traders across the globe are really enjoying their trading experiences and the true financial freedom that comes along. Rather than building their wealth thru their salaries, or from building and selling businesses, these individuals have made their money entirely from the quality of their own decisions in the market – most starting out with just modest savings.

Change is the essence of life. Be willing to surrender what you’re for what you could become.

NB: Please watch out for my coming articles with these titles: ‘Testimonies from My Subscribers,’ ‘Excellent Money Management Flexibility – Make the Best Choice!’ ‘Resist the Lure of High Risk – Part 3 (Use Low Risk and Reap Benefits),’ ‘Worst-case Scenarios – Facts Are Sacred,’ ‘Effective Swing Trading in Forex,’ ‘Advanced Gap Trading – Trading with Insane Accuracy,’ ‘3 Recent Gap Trades,’ ‘Developing the Right Attitude towards Losses - Part 3,’ ‘The True Holy Grail – The Long Sought for,’ ‘Suicide Trading Techniques,’ ‘Achieve Success through Sensible Risk-to-reward Ratio (An Interview with a Trading Enthusiast),’ ‘ Clarifying Some Issues – Part 5,’ ‘ Trade to Win!’ ‘Optimization of the USDCAD Hedging Strategy – Bringing the USDCAD to Subjection,’ ‘A CHF Breakout Strategy,’ ‘Overview of My Signals Strategies,’ ‘Is It Realistic to Give Guarantees in Trading?’ ‘Monthly Trading Report (Augsut 2011),’ etc.

This article is concluded with the quotes below:

“If you focus on results, you’ll never change. If you focus on change, you’ll get results” – Jack Dixon

“So long as a person is capable of self-renewal, they’re a living being.” - Henri Frederic Amiel

Your questions and opinions are highly welcome.

Thank you.

With best regards,

Azeez Mustapha

Forex Signals Strategist, Funds Manager &Coach

Senior Analyst

FX Instructor, LLC

Email: amustapha@fxinstructor.com

Yahoo! Messenger ID: saazalmu

Are you facing any challenges in trading? You might want to explore the secrets of markets wizards and duplicate their success. Get the secrets from my past articles at:

www.fxinstructor.com/blog/author/amustapha

www.fxinstructor.com/blog

Get my Forex trading signals at: http://www.fxinstructor.com/en/analytics/ituglobal

And my past articles are also available at: www.ituglobalforex.blogspot.com

NB: There is risk of loss in trading, but it is possible to be a successful trader.

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