This Week's Question: Who or What Inspired You to Start Trading?

Curious to hear your trading origin story! Were you led here by an online ad, a friend who was making tons of money trading currencies, or maybe a Tiktok video? What got you here and why was it effective?

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Hi Ananais,

I went to a hotel presentation by one of Greg Secker’s group of marketing folks. Having been diamond eyed about property some years prior to this, I joked with my wife that I was going to leave my credit cards at home. After the presentation I drove back home - to collect my credit card folder, and the rest is history.

Though I have been far more successful with other pursuits than direct profit and loss I can account for from my pursuit of Forex, I am not disappointed at the overall outcome. My longer term investment life, and more recently my interest in crypto, have paid off far more handsomely than any intermediate term losses from Forex particularly. In particular, the study of management of fund risk has made me a far better investor than I was in the past. So strangely, I am a thankful ex-student of Greg Secker. For me, it was worth the money. For people just starting out and wondering, it is far more productive to read the structured Baby Pips School of Pipsology in the Education tab at the top of the page, and read a few hundred of the posts on this forum. Fastest and lowest cost way to start an interest in Forex.

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I sat in on a stock seminar, one of those big events in the local stadium, with a couple thousand people. The presenters were showing off their buy when green, sell when red, EA. I thought, it can’t be that easy. Sure isn’t!

Stocks seemed expensive, so I have forex a try. Now I’m here!

I was self-isolating from Covid back in April 2020, and I cannot remember hitting buttons on my laptop that brought me here. Now, nearly two years later, I’m still advising newbies that the road to eventual success is continuing experience and emotional control management.

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I lost all my job one day. I was sitting at home. All I have left is $300. I didn’t know what to do. I saw forex while surfing the internet, it caught my attention. I deposited $100 and started trading. I had no knowledge yet. I lost them all in 3 days. This upset me more. I reinvested my last $200. And I started looking for a job. After I got a job, I was both working and reading all about forex. I was reading every day. Then forex got me very excited. And I actually thought forex was for me. And I stayed here. My advice is this. If your job doesn’t make you happy when you wake up in the morning, don’t go. And follow your passion.

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Mine was a transition from matched betting. I started matched betting in 2014 and got a taste for using maths and logic to beat the system and make money from it. From there as the bookies closed in a bit on it I moved over to trading on the sports markets I was laying my bets on (Betfair), mainly focussing on pre-race horse trading and football (soccer). One of the issues with sports trading is that the ceiling can be a lot lower as the volumes and liquidity are much lower than forex markets so I dabbled in forex which is completely different and got hooked on learning how to trade these markets.

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My friend who introduced me to IML…yes IML sucks but this is how I got into trading.

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My friend introduced me. We started with IML, but the subscriptions really crippled me so i stopped for a while. One day i bumped on a flier on Facebook, some guy from America was coming to Zimbabwe to teach forex trading. I paid for the lessons, but on the day i went into labour so i could not attend, however he gave me videos to watch. We formed a group with other guys who attended the lessons , we used to meet every Tuesdays and we analysed charts together. From there, I never looked back and blue has since became my favorite colour.

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When i was a junior in high school around 2018, I was in study hall and saw an ad of a 18 year old who bought a BMW trading penny stocks from his phone. In my mind what 16 year old wouldn’t want to make some easy money and impress his friends so I tried to get into it. Long story short 4 years later and it definitely isn’t the cakewalk get rich quick scheme they sell you, at least not without a lot of hard-work. Im grateful that I was introduced because now its my career and it has taught me a lot of lessons and helped me mature much faster than my peers.

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Hi,

I have been fortunate in life to absolutely love the “job” I do. I chose to leave a mid-management role as the country manager of an oilfield service company 30 years ago, and never looked back. Before going self employed and setting up a small trading company, my wife and I decided to spend up to 70% of our hard-earned savings, which I now look at as a “lifechanging stop loss”, and we did get down to about 65% total life savings losses before our small business turned around to make a profit. Ten years after inception, we had “done a 5X” on our net worth. We now have three/four sources of income, with trading being the most recent one to turn into a profit. It took me over 20 years and 3 or 4 stop / start attempts to get there, but we got there.

You have a good attitude towards the potential reward / risk involved in trading. Try to find a job that can make you proud to be doing it, and you will be successful in trading as a side interest - no matter how long that may take.

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My friends and how serious and rich they are from the trading.

I started reading books about personal finance back in 2017 and investments in stocks seemed like an amazing skill to have. However during all those years until now it was just that, a thought in the back of my mind. After a long time I met someone who traded for a living and he motivated me to quit being a lazy a** and start learning. I’ve been here since January, still reading each day the babypips school and reading forums for more information. I also started using a demo, but barely since all my time is filled with learning forex and learning in the University.

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Good afternoon Ananais::

About the time I left my last full-time job, we had a good family friend who was making a living trading FX. She helped me get started and introduced me to Babypips (and a couple other FX sites - she was a big fan of Greg Michalowski).

I still need to work a “real” job, but also trying to build by FX skills (and account) to eventually add to our income…

The local newspaper my family had a subscription to as a kid (Gulf News) had the daily figures for indices, stocks & commodities sandwiched between the business news articles and sports section. I had no idea what those symbols and numbers meant at the times and how folks made sense of it. Got me to believe that you had be gosh darn smart as heck to make money from it. So that’s how trading became a romanticized notion in my head as a kid.

But trading isn’t a profession by choice (maybe for the super rich) where I grew up or where I am originally from. You had to get into regular work.

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My Grandfather made his living trading the stock market, day trading mostly, I believe. I’m not sure what kind of strategy he had, but it was obviously working because I heard stories of him pulling in $1000 a day. I wish I had learned from him while he was still alive.

A couple years after he died I was at work and one of my coworkers asked me if I’ve ever traded. I said no but it’s always interested me, and told him my grandfather’s story.

He told me his brother was a financial advisor and we got talking about that for a bit, then he suggested I take a look at this app “FxTrade” (by OANDA), “throw $20 in and see what happens”. So, I downloaded it and my life as I had known it was never the same. I have been married to charts ever since, and would not have it any other way.

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No boss
No customers

Best job ever

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Thnks bro , im strugling with emotional control by the way im from africa (
i have only 100 usd in my account trying to make a living from it … ) what your aadvise or what books i should read ???

Well - the boss is now “the market”. If you don’t behave yourself in the market, your new boss will still punish you. And like in a “job” your boss can do whatever he likes and get away with it (even cheat you) but you still have to play by the rules. Trend following - if you can’t beat them, join them. :crazy_face:

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My younger brother got me into trading he was trying out a London open strategy, then I joined Forex godz group on Facebook looked through all the pdfs there and have been hooked since !!