I love the book ‘Around the World in 80 Days’, written by Jules Verne. I am sure most of you know what the story is about, but to sum it up in short it is about a bet that the main character will be able to circumvent the planet in 80 days. In today’s world, this hardly poses a challenge. The story takes place in 1872 so you can see how it was a great feature if accomplished. The reason I love the book is because it deal with adventures during a travel around the world.
I always wanted to travel, experience new cultures and try new things. My biggest problem has been money and time. I work in Mumbai and have a good job, therefore I have money but no time to travel. I could quit my job and then have the time to travel, but absolutely no income. I watched the original movie from 1956, and the way Phileas Fogg, the main character in the novel, was able to finance his trip was by placing a wager with four gentlemen. I am not a gambler so that option is neither practical nor possible, nobody would be crazy enough to bet me anyway.
Giving up on my dream to travel the world in 80 days is also not an option, so the only option I saw is to increase my income. This easier said than done as many already know. I tried to find a realistic source of income, but first I found the usual scam on the internet. Binary options, MLM, HYIP and pyramid schemes. Some of the scammers don’t even try very hard to fool people. One of my friends started forex trading two years ago, but with little success. I decided that despite my friend’s struggles, forex trading made the most sense to me.
The forex market is the most liquid financial market on the planet, and the success or failure depends entirely on the trader. No schemes, no short-cuts and no non-sense. I have learned that those who work hard in forex will be rewarded. Don’t look for an easy way to profit quick as forex trading works the opposite. I stared last year so I am still considering myself a beginner. The worst part for me is the lack of time to fully dive into forex trading as I do rely on my job for income.
Learning from my friend’s mistakes, I decided to approach forex from three different sides at the same time. I joke with my friends that I try to corner the pips so they have to flow into my trading account. I opened three forex trading account with PaxForex as I needed to keep my three approaches separate in order to gauge success and failure better. I was fortunate enough that my parent supported my drive to become financially independent and I borrowed $5,000 from them with a promise to repay.
In my first trading account I made a deposit of $1,500, received my bonus which matched my deposit and I started with $3,000. Given my lack of time, I opted to simply follow the trading recommendations of the PaxForex analysts. They cover fundamental as well as technical trading analysis. It is entirely free of charge and so far I am happy with the combination of the trades. I am earning a bit over 700 pips per month on average over the past twelve months.
In my second account I made a deposit of 2,300 and with the loyalty bonus I have $4,600 to operate with. I was told about a forex trading EA which is basically a robot who trades my account. I currently have the free version, they do offer a paid upgrade, and the results are not bad. I am happy with it, as I earn above 2% per month and I don’t pay anything for it. No management fees, no profit sharing no license fees. The paid upgrade promises higher return, so I may opt for it once I have earned enough from the free version to cover the cost.
In my third account I deposited the remaining $1,200, opted again for the bonus and trade with $2,400. In this account I place my own trades. The reason for this is that I want to learn how to make my own money one day. I look at it as my educational account and I already lost $500 over the last year. I view it as my price for education. I am a long way from quitting my job and start my journey around the world, but I took the first step to achieve this goal. You can achieve whatever you put your mind to it, as long as decide to start. Forex trading offers the most flexible solution as the starting requirements are low, but the potential is great. I can only recommend PaxForex and want to take this opportunity to thank them for allowing me to work with them on making my dream come true!