Money makes money
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Thread: Money makes money

  1. #1
    Hello everybody,

    To be honest, I'm tired of trading talks, patterns, complaining and so on. I really don't wish to discuss if it is possible to earn money in financial markets. As sir Ford said:”Whether you believe you can, or you think you can't--you are right.” That is my dogma and when somebody tells you it isn't possible - . Let's take belief.

    Within this thread I'd like to discuss my thoughts and knowledge about making money in general. Not any trading platform that makes you millionaire in months or years. I really don't understand any (if you know about any, please don't hesitate to PM me and I'd be glad to become a person ). I will show you easy and powerful fundamentals. Keeping it easy should be one of these fundamentals. I will speak about two sides of the equation - expenditures and revenues.


    I will post something when I'm in the mood. It can be few times each day or even once per month. Let's start today only with this brief post. This is the ideal place to talk about 19, In case you have thoughts to share about making money by money.

    Have a wonderful times and don't concentrate just on money. Money is a way to enjoy life depending on your expectations. Perhaps as you'd thought 16, you don't need as much money to be happy. ...

    Good luck my friends!

    Adam

  2. #2
    I totally believe in having your $$ work for you. LendingClub.com - Personal IRA (P2P Lending) Prosper.com - Personal (P2P Lending) Fidelity.com - Personal 401k BullionDirect.com / Neighborhood shops - Buying real precious metals Forex past, buying cheap/shorting overvalued currency pairs

  3. #3
    Introducing myself. Nothing what could make you rich or happy, just my story in words.

    So many people are striving hard to be wealthy. Just how much do you need to be wealthy? Can I know why I do trades, investments, a company and so on? Let me introduce my (endless trading) narrative a bit. I was 15 when I found some books about investments (yeah, Kiyosaki). I enjoyed thought of passive income. It looked to be so simple, but I had no clue how to do it. As time has been passing, I turned 16 (so outdated, correct?) About earning money, and read every book. Of course, my mind was so inocent and that I had no idea how to make money. I found FX (you can not envision what shit you'll find by googling how to make money). Forex appeared to be way how to get wealthy. Soros can make millions. It has to be easy and I can do it as well. My ignorance had just one limitation - .

    Once I turned 18 I could open my first real account. My understanding about markets was the same as I know about diffusion. My english amount was slighy over zero and there weren't any books about trading in my language (slovak). I was forced to learn english in order to learn about markets...

    I was 21 when I saw first results. Well, I was not loosing trader at least. Winning and there were loosing span being marginally in numbers that were black. Good for me. I was happy. As I improved my english I can study more. Much more. Hedging, statistical arbitrages, triangular arbitrages, price action, programming, analyzing, developing, optimization, financial markets fundamentals, etc.. It was very helpful and that I loved to learn and that I do....

    Let us skip to nowadays. I am 23 old. Still young and inexperienced in my eyes as my knowledge remains part of I'd like to learn. The main knowledge I gained during my many years travel is money.

    You require just money, wisdom and experience. I hope you had noticed irony in word ONLY. To make 300-500? Monthly can be simple and think me that 500? Can be a lot when you live in nation that is cheap. For you residing in Czech republic (I live there) can make residing. To live in Spain isn't so much, but your income is limited by your money, wisdom and experience...

    Keep learning and be patient. We can do it. It can take a plenty of time (7 years for me, oh fuck... maybe too much) but why not to provide a go?

    Hopefully it isn't too dull to read. Next time some stuff.

  4. #4
    To make 300-500? Monthly could be really easy and believe me that 500? May be a lot when you reside in country that is cheap. For you living in Czech republic (I live there) will make living

    So 500E/monthly is sufficient to reside in Czech Republic?

  5. #5
    Quote Originally Posted by ;
    To make 300-500#8364; monthly can be quite easy and believe me that 500#8364; could be a lot when you live in cheap country. For you living in Czech republic (I live there) can make living So 500E/monthly is enough to live in Czech Republic?
    Depending on your costs. Room in shared flat is around 200#8364;. Public transport around 20#8364;. Food is rather affordable. In restaurant you pay 4-8#8364; for pizza, 1-1.5#8364; for draft beer. Tax when trading derivates is 15%. I spend 400#8364; generally. On the other hand, if you have a job here your wages will probably be probably not greater than 1.000-1.200#8364;.

  6. #6
    Quote Originally Posted by ;
    quote Depending on your costs. Room in shared flat is about 200? . Public transportation around 20? . Food is cheap. In restaurant 4-8 are paid by you? For pizza, 1-1.5? For draft beer. Tax when trading derivates is 15%. I invest 400? on average. On the other hand, if you have a work here your salary will be likely not more than 1.000-1.200? .
    Ok thank you.

    I was thinking about going to live in Portugal or even Eastern countries like Poland and Hungary.

  7. #7
    Quote Originally Posted by ;
    quote Okay thank you. I thought about going to live in Eastern or even Portugal countries like Poland and Hungary.
    Life is quite similar as in France (I presume so as I was able to reside in Spain) but mindset differs. I believe it's worth to provide a try for a certain time to see if you want it or not. I believe Poland, Czech republic, Slovakia, Hungary will probably be quite similar. Slovakia and Czech republic are nearly the same for dwelling. Hope that you discover the appropriate place for you...

  8. #8
    Hi,


    Unabletrader, You have Said Poland. I'm from this nation so some information for You

    you'll be able to rent whole 3-room flat for 150?
    With all costs (energy, water, heating etc.) it is less than 250? (why so affordable? Most of individuals have a salary not bigger than 2000PLN = less than 500?) .
    Beer in a shop = 0.8? , in a pub = 1.2?
    Big pizza ?
    Cinema = 4-5? For one adult person
    Public transportation is quite inexpensive, even with gloss wages, for example bus from Silesia into Krakow (100km) =... 2?
    You might also buy 600 squaremeters of property for 30 000? (in a nice place), and construct a quite major house for 80 000? On it

    On the other hand:

    - probably the hardest language to learn for foreginer
    - 23% taxes
    - some products have precisely the identical price as in the remainder of the EU
    One liter of gasoline = 1.2?
    Cheeseburger in McDonald = 0.8?
    iPhone 6 Plus 16 GB = 760?

    Greetings

  9. #9
    Debt. Pre-article

    About really powerful (if you know how to) and quite dangerous (in case you do not know how to use it) tool. Everybody is aware of what debt is but only small percentage know how to utilize it properly and make it powerful tool. Many people borrow money from banks paying attention. Most trades utilize leverage- basically it is debt.

    What's really difficult to understand for me is what people think about debt and borowing cash. For many people I know is fine to borrow cash for buying a car but to harmful to buy stock shares. When I buy shares (or some different merchandise ) I will make money or I will eliminate money. But when I buy a car I'm pretty sure I'll eliminate money. Value of the vehicle automatically decline by 25% just by using it for the first time. I'm trying hard to understand them, really....

    In next article I'll show you debt power. You'll be amazed when I found that this weapon, as I was.

    Have a nice weekend ladies and gents.

  10. #10
    Quote Originally Posted by ;
    Debt. Pre-article About really strong (if you know how to) and very dangerous (if you don't understand how to use it) tool. Everybody is aware of what debt is only small percentage understand how to utilize it and make it strong instrument. Men and women borrow money from banks paying interest. Most transactions utilize leverage- basically it is debt. What is really tough to know for me is what folks consider debt and borowing cash. For many people I know is fine to borrow cash for buying a car but to dangerous to buy stock shares. When I buy shares (or...
    I am on the same page can not wait for your next posts

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