What do your family think about your forex trading?

Say your studying economics, thats what I tell people that ask me what i do for a [B]J[/B]ust [B]O[/B]ver [B]B[/B]roke

alot will leave it at that,

" you make money" reply, " Not enough" and just laugh, LOL

Pretty good to know everyone is in the same boat. At least to me. I like hearing my thoughts echoed for once instead of shot down instantly :-D. About college and being a drone working 12 hours a day 6 days a week hoping to get somewhere. About the freedom money brings. That’s why I stay around these forums. And baz I’m in the same position I like trading I like talking about it I’m pretty passionate about it. But I don’t have anyone to discuss it with.

Hello MoneyNeverSleeps,

To be rest assured, you are certainly not alone in this and there are many who are also struggling through some kind of social pressure in their lives to take “The Road Less Taken”-Robert Frost

In many ways, the responses that you have been receiving is a form of social construct that has been built into each of us influenced by the Engineering of Society by the Gov, and many other parties with different motives throughout the century. In fact, any responses you do here from them is a reflection of their beliefs instead of yours.

And if you do just ponder a minute, we have been taught to belief that the success is achieved in life by following what others are doing. People are having the belief subconsciously and this is reflected in their everyday decisions and actions.

Any form of out of the ordinary from society has always been condemned especially in the infancy of an idea- even the idea to think that you could be successful. Just ask Einstein, Michael Jordan, or Oprah. (Please read their biography to learn more about them)

But when you do start shining though though, and prove “their” beliefs wrong, not only would they cheer for you, they would also join you. This is called the herd mentality.

Being in forex, is like being in an actual business. But very different from your typical traditional form of traditional business. You will go through like new entrepreneur though a few hardships. And you will learn a lot about yourself and others in your process of trying to succeed in this business.

But be warned this journey Is really a Form of “Refining Fire” and you need to take every single measure to ensure that failure is not an option or else the wolves will come laughing back at you.

cheers

My wife thinks that trading is pure gambling and gambling is evil, therefore trading is evil. I have to trade secretly at night, but she is very suspicious. Yesterday morning, she asked me what I had been doing on the laptop for half the night. In an attempt to cover up the truth, I told her I had been looking at porn sites but she called me a liar and said she knew I had been trading. Go figure.

You’re not serious about that, are you? It seems like such a backward scenario. Most people would be in the situation where they were looking at smut and told their wife they were trading. Since it’s just so hilariously backwards, I’m wondering if you were kidding or serious.

I have already convinced my family members why I spend so many hours in Forex because i have withdrawn profit money and they know about it, now they have started realizing that Forex is really beneficial and it have money involved.

I hate this trading, but i like feeling angry all the time, gives me an excuse to become an alcoholic.

my grandparents on my mom’s side used to trade stocks and my grandparents on my dad’s side used to flip houses. they promoted the idea of trading ever since i was a kid, though at the time i told them they were wasting their time and that i wanted to be a marine biologist lol. my parents on the other hand, probably dont even know that i want to trade currencies or that i used to trade stocks. i think my father just figured out what i was majoring in 2 years into my college lol.

Although I did not mean the story to be taken too literally, I am making the point that someone close to me has taken an extreme antipathy to trading. This, IMHO, is because of fear of change: if I fail, I could get out of control and destabilise the family emotionally and financially; if I achieve great success, fear that I will get out of control and become self-indulgent. Either way, my wife loves the life we have and she sees any possibility of change as a threat. Unfortunately, she is overlooking the fact that we got to where we are by taking a few chances along the way. It’s in my nature to keep looking for more than we already have.

i think if the entire currency market collapsed, thered be far greater things to worry about than money. if any financial market collapsed, really. better have some guns and fishing poles for insurance too lol.

My story is about the same as yours, but I’m 2 years younger than you. I live at home with my parents and commute to college, just finished my second year. Depending how this summer goes with my trading I may take this on full time. I started trading equities late January of 2016. Now I’ve moved to Forex, Futures, and the stock market. Taking a break from Futures though because it can come with larger loss than the other two. At first when I started they were somewhat against it and somewhat neither one way or the other. But as the months went by they’re now for it because I have been profiting very well. At first their favorite line was, “you can lose so much money.” But now the main line is, “are you doing/have you done any trading today?”

I have became profitable quite quickly. Partly due to the fact I spend nearly 24/7 of my time learning, reading, and trading. Some nights I don’t even sleep (partly because I’m still new to this and want to be as successful as possible). Has been worth it though.

EDIT: main thing to remember, think about losses more than winnings. When you make a loss, don’t make stupid trades and over trade (especially with larger trades). Be smart. Say you begin with $1000, Winning $10-$40 in a day seems like $10-$40 isn’t a whole lot of money (yet that’s making 1%-4% of your total portfolio in a day). So in trading terms, that is rather impressive. So starting with a small account accumulate your wealth. Say, your account gets to $10,000… that 1%-4% is now $100-$400… Just steadily grow you’re account and then the income will come your way.

My family had some fears that I would waste my amount in forex trading . Now they are satisfied that i can manage this amount according to my skill. Although I am not a high profit taker even then too I can make good earning from trading . Now it is a part of my daily life.

To be honest, Forex trading business is not much popular in my country! In addition, my parents did not know what is Forex trading! So, I faced unfortunate bindings from my parents (actually in my learning sessions) in 1st year of my trading. But when I start to earn money from Forex then they start to support me! So I believe our trading performance is the best reply against any kind of bindings!

My family don’t understand forex trading so I’ve just told them its a market where I do my business to get some extra money besides my real time business.

First my family thought I was just fooling around on the computer, but when I show them my profit, they believed me.

Well for me it’s kind of different. My father checks stocks and forex in the news but I think that’s about it. But when I mentioned I wanted to learn and dabble into forex I got confused looks or they told me I wasn’t going to make it because I’m not good at math. I’m decent at it but forex doesn’t include math just add and subtract pips. That’s why I fell in love with forex anybody could do it. I wiped out an account thinking it would be the same as live account but boy I was so wrong. So after almost two years I’m back at a demo account. Any my sister swears it’s so easy just because she works at managing her bosses money who makes millions. I told her it’s not the same as in forex. The money can be gone in a second even before you blink. But she’s hell bent on thinking she knows more than I do about it. I told her knowing and trading are two different things. She says in order to learn I have to open live accounts and teach myself to not be emotionless. I told her it’s eaiser said than done. That’s why we have demo accounts for that. I’m the baby of the family so I get this stuff a lot from them. They try to drag me down a lot and think they know more than me type of thing like if I’m stupid or something. I did the mistake and showed them some profits off of my demo account I was so proud because I’m sticking to my strategy and she’s like oh yea if I were in there I’d make so much money I know how to be emotionless. I work with working with millions of dollars. I just rolled my eyes and told myself if only Forex were that easy then every one who traded would be millionaires. I have friends that have wiped accounts that had thousands of dollars.Not that we can’t make millions it’s just we have to get our mind set right. It’s all 90% mindset and 10% strategy. That’s why I don’t talk about forex with them because they’ll get all over me saying why am I not making money or if I was in forex I’d be making money. So I told them “ok well then go do it if your so confident” and they come up with a BS excuse as too why not. I just don’t know how or what to respond after that. They’re just negative at times. They have all their lives figured out except me.

Now they are okay! But initially there were few issues; since they were not familiar with this kind of profession.

Certainly, parents wants the best for their child, so they would always advise you to finish the studies and find an office job with monthly payment. And if you want to do trading, than make a compromise – find the job in a brokerage or trading company, and make peace with your family

Yes first priority should be the study for children . Their parents will never want to put them in such a business for which they disturb their academic career . After basic education they can learn any specific skill to earn for them self as forex should be their part time first. I am one of those who join forex after 18 as a part time source of earning.

I am quite blessed as my family is quite supportive to me in terms of my business life. My family has trust in me as I am a hard working person and they know I will do something good in my life. Some people are facing family issues in this field but I am not one of them. Thank God!