To receive new articles instantly Subscribe to updates.
How Alice Is Using Forex for Business
Written by: PaxForex analytics dept - Friday, 10 August 2018 0 comments
My name is Alice and I am from New Mexico. My 45th birthday is coming up, but I feel that I only started living life ten years ago. Before that, I did what most people do. I grew up in a small town, was raised by two loving parents, graduated high school with honors and went on to get a degree in biology. I move to San Diego in order to study marine wildlife as it was always a passion of mine. I was happy overall, had a great circle of friends and was satisfied my career.
After two years of studying marine wildlife, I noticed that a lot of animals struggled due to plastic pollution of their natural habitat. A lot of people are completely unaware of the negative impact our behavior has on the oceans. We take everything for granted and mistreat nature and while many simply don’t care about what they don’t see, one thing is for certain: the day our oceans can’t sustain life, our planet can’t either. I couldn’t just stand by and started to explore options in order to combat this issue.
Two of my colleagues joined into my after-work project and we decided to start by tackling the plastic islands which form in the open ocean as a result of pollution by humans. This is quite a big task and three individuals can’t handle this alone. Between the three of us we had roughly $10,000 in savings which is comparable to a drop of water in the ocean. We had solid incomes, but also high expenses so the first thing we did is rent a house together rather than all living alone. We were lucky and found a sympathetic owner of a house by the beach.
The next thing we did is go to the bank and take out individual personal loans. Five year loans which we financed with the money we each saved by moving in together. That we didn’t carry any extra expenses than before. This resulted in a combined loan of $150,000 plus our $10,000 we had. We ran a few crowd-funding campaigns and other fund raisers over the next year and opened our own company with $200,000 in capital.
Now we knew we couldn’t repeat this process and if we went out to spend the money saving the oceans we would be without capital in a few months. I felt truly blessed when I made a new acquaintance who worked at a financial firm. He was very supportive of our cause and got us in touch with a few tech clients of his firm who
could help us develop the technology which would boost our efforts greatly. This didn’t solve our capital issues, but his firm agreed take us on as a client and trade our money in the forex market using algorithms they developed.
This was all new to me, but after discussing it with my two business partners and meeting at their offices we decided to become a client of theirs. They made an exception for us because they supported our cause as usually they are asking for a lot more money to be placed with them. They also waived the upfront fees and cut their performance fees for us. Instead of using our cash, we use the money the firm generates for us. I never thought that forex trading could transform a business model like this. We had to wait for the capital to flow, but it was well worth the time.
Now, ten years later we are running a tech focused marine biology firm, have 25 dedicated employees and even bought our own vessel. We are still with the firm, opened two more forex funds there which cover our expenses and allow us to grow at our pace without the need of outside money. We quit our jobs after we repaid the bank loans and for the last five years I am fully dedicated to our firm, together with my colleagues. Forex trading can be a tough job and I prefer to leave it to the professionals to make money. We can’t all be good at everything and it makes sense to me to seek out the pros in any industry to make my life better.
Not everyone can have access to Tier 1 financial firms and their trading ideas, but I have also opened my own personal forex trading account with PaxForex. I don’t trade myself, but my friend pointed me in the direction of trading EA’s and now I have two different accounts. In one account I run two EA’s which were free of charge and follow a simple crossover and momentum strategy. In the other account I run one which I purchased from a FinTech company. Later this month I am celebrating my 45th birthday and trusting the possibilities of the forex market have changed my life. I can only recommend that you make the choice today and engage in one of the many different ways to earn money through forex.