To receive new articles instantly Subscribe to updates.
Sean’s Independence Thanks to Forex Trading
Written by: PaxForex analytics dept - Friday, 28 December 2018 0 comments
Hello my name is Sean and I am from Jamaica. 2019 is about to start and I have never been happier to start a new year than this time around. The reason is that I quit my job literally two hours ago! I understand how this sounds, most people would not be happy to start the New Year without a job and unemployed. I did say I quit my job, but I never said that I would be unemployed. After five years of hard work I will finally start 2019 working for myself as I start my own forex management business. It has been a long, long five year period for me so I am very excited for January 2nd 2019, the first day of mu business!
It is hard for me to put in words the joy I felt as I told my boss that today would be my last day. I studied tourism as Jamaica has plenty of employment opportunities in this sector. I was never 100% excited about it, but it was a solid choice and one I do not regret. After graduation I landed a job at a nice hotel resort working part-time at the lobby and part-time in one of the restaurants as a waiter. It was a bit unusual to pull this type of split in duties as I was supposed to work the front desk as a concierge only, but I was asked to step in for a weekend at the restaurant. Once I realized how much more money waiters actually take home I was able to negotiate a new schedule with my manager.
This has benefited me in two ways. The extra money I earned I spend on my forex education and when I say spend it on education I mean I lost it learning how to trade. The problem with having a demanding full-time job is that you only have time to trade before you go to work and when you come home. It took me a while to stabilize my portfolio and stop it from contracting. I understood that in order to make money, you need money so I needed to build my portfolio slowly and steadily. PaxForex has been a great partner for me. The level of professionalism and attention they gave me despite being a small trader is amazing. They put me on the same level as their big clients and I have access to the same spreads which increases my profitability.
A lot of forex brokers only focus on big traders as the money they earn from them is far greater. I can understand that from a business perspective. What I love about PaxForex is that they help their smaller clients to grow and eventually become a big client. They are not focused on some short-term profit margins, but take a long-term point of view. This is exactly what you need to do a a forex traders as well, don’t focus n short-term profits but on the long-term sustainability of profits. This makes PaxForex the perfect choice for any trader who wishes to trade with a trustworthy and reliable long-term partner.
When I made my first deposit of $1,500 and as I was learning how to trade, I only traded with a lot size of 0.01 lots. Even with this small volume my account quickly dropped to $650. This is when I started to split my work load between the front desk and the restaurant. I took home over $200 more per month and I used all of this to deposit into my forex account. As my account balance grew, I kept my lot size at 0.01 lots until my strategy was able to grow over a three month period. Even after that my profits were often less than $100 per month. I understand that to a lot of people this is nothing at all, but having a consistent cash flow of $100 per month has made a big difference in my life. A lot of forex traders don’t profit at all.
Over the next three years I deposited $7,000 into my account and my lot size has increased steadily
with my profits. I use a progressive approach and for each $100 my trading account grows, I increase my lot size by 0.01. I will start 2019 with a balance of just shy of $22,000 which on average returns me $650 per month in income. While this is short of my salary at the hotel, the second benefit I received from working at the restaurant is the connections I have made. A lot of foreign businessmen came over the years and I accidently stumbled into a conversation about forex. I know it was not my place to enter the conversation, but sometimes you need to take a risk and I am glad I did.
The three gentlemen worked for a Swiss financial firm and looked into expanding into the entire Caribbean region. The problem they faced was plenty of potential clients with low capital. It was not worth the work according to them. I took my business clues from PaxForex and how they treat their small clients with the same respect as their big ones, helping them grow. As I delivered their drinks I asked if they would like to hear my thoughts as a local. I knew I had 30 seconds to make a pitch, I did and it led to a meeting the next day.
I presented them the idea to invest long-term and grow their small clients into big ones. I brought my own forex trading record with me as I used myself as an example. It was a tough sell and their firm was too big to enter on such a scale. They managed to agree with their superiors to open a small satellite office here and they needed staff as well as local knowledge. This made me a great fit and my own success story as a forex trader who grew an insignificant amount of money into a respectable sum helped my case. Now we needed to repeat one trader at a time.
The deal we reached was great for me. I was allowed to continue my forex trading and we will now start a forex management business together. I will get small clients to trade forex at PaxForex using my strategy. As we grow the accounts and as they meet the minimum investment requirements for my Swiss partners, they will diversify and keep trading with me at PaxForex and with my partners in non-forex related assets. My partners will invest in my forex operations once milestones are met, I will earn from my own trading as well as affiliate commission from my referrals to PaxForex. I will also get a $1,000 bonus from my Swiss partners for each new crossover client.
This is the reason that I am so excited about 2019 and why I quit my job earlier today. I started with a n average salary working a job I was not excited about. I think most share this set-up. Instead of focusing on what I don’t like, I started to focus on where I want to be and what is necessary to get me there. I want to thank PaxForex not only for treating me great as a small client, but for showing me a business idea which I was able to duplicate and increase my overall earnings. I am now sharing my forex story with people every day and my PaxForex affiliate network is growing together with my profits. I do offer my services for free as I like to give back and already get paid an affiliate commission. I am thrilled as my Swiss partners and I will start in the new office on January 2nd! All you need is to change your thinking and start with a great partner. I can only recommend PaxForex as this is how I was able to turn my life around, and so can you. Start today with PaxForex and build a much better 2019!