Why 90% of traders fails? I will break it down for you.
Because there is no barriers to being a trader. Want to start trading? Sure! Find a random broker and deposit minimum 10 dollars to start trading forex, stocks, options and futures. Want to be a doctor? 7 years of med school minimum. Want to be a dentist? 4 years of dentistry school. Want to be a lawyer? Pass the bar exam. Want to be an engineer of any sorts? Get an engineering degree in 3-4 years. Want to be a blue collar worker? At least go for an apprenticeship for 6-12 months minimum. Why do 90% of traders fail? Because there is no barrier to entry and all the shitheads think they are gonna make it like they did on their 100000% ROI demo account. Stop dreaming and put in effort and you might have a chance at not getting margin called.
19Y/O Earning £53k/Yr- Need Advice I recently finished an apprenticeship as a Field Technician working in a the Pharmaceutical Production Industry. The job pays 53k per year which works out to just slightly over 3k a month in my bank. I know I have a good opportunity to FIRE here if I play my cards right. Here is my plan that I’ve came up with that I’d like to discuss and gave advice on, cheers! •Outgoings (Rent, Car Insurance, Car Finance, Phone Bill, Food Budget, Haircuts etc.)= £679.72 Per Month
I still live with my Parents, I’m only 19 so this is acceptable for another 4/5 years maximum before it probably becomes a burden on the both of us.
I’m working on paying my car off so I save the £120 a month spent on its finance payment, same for my insurance but I’ll get to that later.
•Savings Plan: £869.17 -£120/pm goes into a Low Interest Savings Account, this is my “Yearly Budget” which is the money I’ll use to pay for Christmas Presents, Birthday Presents etc. Having this prevents me becoming short on money if I ever forget about a birthday and have to buy a quick present. -£200 goes into a Help To Buy ISA which is a savings account that maxes out at £200 a month. If you use the contents if this to buy your first house the UK Government will add 25% of the total value to the deposit. -£50 a month goes into an Emergency Cash Fund, however I’m thinking of upping this to £100 so in the case I lose my job in 2/3 years I have atleast enough money to do me 3/4 months put aside. -£500 goes into a Savings Account I’ve named “Invest”. I am building a variety of investments from Crypto, Gold, Silver etc. I’m also starting up a small business on social media selling trading cards through auctions which is going well I use some of this money to supplement that. On the side I have began doing small forex trades too but nothing serious, its like calculated gambling.
Pension Wise I pay 14% into my pension which my company adds 12.5% so 26.5% of my total wage goes into my pension pot every year.
How does this sound? i have been considering getting a financial advisor because the idea of having so much money at my disposal at my age is frightening. Alot of my fellow apprentices have bought big cars etc with theres but I don’t see the point in this. The £1,500 I have left each month I spend wisely and I usually have a portion left when I get paid again.
Reserve Bank of India has released a list of 34 forex brokers; which has been declared illegal
List of unauthorized forex trading apps and websites - RBI
Friends, recently the Reserve Bank of India has released a list of 34 forex brokers; which has been declared illegal. https://preview.redd.it/dc1l0ca388o91.jpg?width=637&format=pjpg&auto=webp&s=1a865302fede2fd22985b27c767481ecb4219204 Before releasing this list, RBI had done all checks regarding all transactions of all those forex brokers since February this year. Maybe this doesn't matter to you; Nevertheless, you should definitely check this list once. So see if your forex broker is not on this list! 👉 Here's a full list of unauthorized forex trading apps and websites
Alpari
AnyFX
Ava Trade
Binomo
e Toro
Exness
Expert Option
FBS
FinFxPro
Forex.com
Forex4money
Foxorex
FTMO
FVP Trade
FXPrimus
FXStreet
FXCm
FxNice
FXTM
HotFores
ibell Markets
IC Markets
iFOREX
IG Markets
IQ Option
NTS Forex Trading
Octa FX
Olymp Trade
TD Ameritrade
TP Global FX
Trade Sight FX
Urban Forex
Xm
XTB
Thanks for Reading. Please share your take on this.
19 Yrs Old, 53k a Year. Posted last week for advice just wanting to show my new savings plan and if that looks better
Hey, I made this post last week which I took alot of advice from about my wage now that I’ve finished my apprenticeship. How does this look? The only thing I think I could increase is my emergency fund. So I get roughly £3,000 a month, this is how I’m dividing it now. •My yearly budget, for Christmas, Car Insurance, Easter, Birthdays etc. I have a goal of £1,510 by June, so I’m putting in £252 a month. •Lifetime ISA- £400 a month (So over twelve months I get £4,800 plus my £1,000 Bonus) •Emergency Fund- £340, with a number of goals to cover one months, two months upto six months expenses incase the worst happens. £340 is for me half a months expenses roughly (food, rent, car). So in a year I’ll roughly have six months worth of expenses but I plan on putting any money from overtime into this account too as we get £30 an hour for overtime shifts and that isn’t including nightshift allowance so I’d be dumb to not use this to my advantage •Invest- £400 a month, I’ve went off of forex, crypto etc. and I’m now choosing a index fund to put my money into. I still dabble in Crypto and Forex etc. but I understand now its more of a gamble than anything but in the case the gamble goes the right way I’d like to get my slice lol. Alongside my other expenses this leaves me with around £900 to play with. I’m 19 so I’m going to enjoy it, any returns I make on forex or my small card business I’m going to reinvest into the business or index fund/savings accounts. One of the big things I learnt from my last post was that in my position with minimal cash savings I need to save money before investing as much until I have a ‘hedge’ as such to lean on. The LISA definitely seems to be better than the HTB ISA I was using before and I’m still working through some of the material linked in comments.
I recently finished an apprenticeship as a Field Technician working in a the Pharmaceutical Production Industry. The job pays 53k per year which works out to just slightly over 3k a month in my bank. I know I have a good opportunity to FIRE here if I play my cards right. Here is my plan that I’ve came up with that I’d like to discuss and gave advice on, cheers! •Outgoings (Rent, Car Insurance, Car Finance, Phone Bill, Food Budget, Haircuts etc.)= £679.72 Per Month
I still live with my Parents, I’m only 19 so this is acceptable for another 4/5 years maximum before it probably becomes a burden on the both of us.
I’m working on paying my car off so I save the £120 a month spent on its finance payment, same for my insurance but I’ll get to that later.
•Savings Plan: £869.17 -£120/pm goes into a Low Interest Savings Account, this is my “Yearly Budget” which is the money I’ll use to pay for Christmas Presents, Birthday Presents etc. Having this prevents me becoming short on money if I ever forget about a birthday and have to buy a quick present. -£200 goes into a Help To Buy ISA which is a savings account that maxes out at £200 a month. If you use the contents if this to buy your first house the UK Government will add 25% of the total value to the deposit. -£50 a month goes into an Emergency Cash Fund, however I’m thinking of upping this to £100 so in the case I lose my job in 2/3 years I have atleast enough money to do me 3/4 months put aside. -£500 goes into a Savings Account I’ve named “Invest”. I am building a variety of investments from Crypto, Gold, Silver etc. I’m also starting up a small business on social media selling trading cards through auctions which is going well I use some of this money to supplement that. On the side I have began doing small forex trades too but nothing serious, its like calculated gambling.
Pension Wise I pay 14% into my pension which my company adds 12.5% so 26.5% of my total wage goes into my pension pot every year.
How does this sound? i have been considering getting a financial advisor because the idea of having so much money at my disposal at my age is frightening. Alot of my fellow apprentices have bought big cars etc with theres but I don’t see the point in this. The £1,500 I have left each month I spend wisely and I usually have a portion left when I get paid again.
I dont defend this douche guy, he deserve it for being an @sshole. Tapi ada yang punya kronologi jelasnya dia sebenarnya ngapain sebagai affliator binomo? Gua cari di berita isinya di luar konteks dan isinya "diduga" dan ga jelasin kronologi urutannya sampe urusan pacarnya segala. Ada yang bilang dia sebagai affliator meraup uang loss pemainnya. Gua ga ngerti soal app binomo tapi apa itu hasil loss bisa connect ke "kantong" dia? Apa dia jadi agen perantara ketiga macam judi bola? Does binomo even legal? I mean its legal in India. Dan konsepnya nyambung ke forex kan? Gua cuman pengen tahu aja ginian, bahkan telegram grup mayoritas kalangan "investor" begitu kan disangka tempat chat teroris dulu kan dan terus disuruh uninstall. I have trust issues because massive of propraganda we are facing rn.
Gak bisa dipungkiri sepanjang tahun 2020-2021 banyak orang memulai investasinya karena influence sosial media. Beruntung bagi yang memulai investasinya lebih awal dan agak celaka bagi yang mulai investasinya di akhir-akhir tanpa tau konsekuensinya. Banyak kasus orang beli saham pake pinjol. Beli BTC, Altcoin pake utangan, uang arisan, bahkan sumbangan gereja. my advice for you yang kena FOMO: Miner musiman: Ketika crypto turun drastis di Januari-Februari 2022. Segera jual alat miningmu karena kamu harus menunggu 2024 untuk bisa panen. Karena ketika kamu beli mining rig sekarang harganya sudah naik berkali-kali lipat dari harga wajarnya. Perhitungkan kembali listrik yang harus kamu keluarkan, Gak BEP istilahnya. Contoh nyata Founder Rekeningku yang boncos bertahun-tahun karena nutupin biaya listrik dan beli mining rig kemahalan, baru panen akhir2 ini. Robot trading: Royal Q , Forex dll. Robot trading is scam, jauhi sekarang sebelum terlambat. Janji manis seller Royal Q dan robot forex profit konisten itu gak ada buktinya 100% scam. Kisah nyata banyak yg bunuh diri karena tiba-tiba assetnya hilang diaveraging oleh robot. Jangan sampai kamu jadi korbannya Trader Binomo, Binary option: Kamu yang baru memulai binary option, inilah saatnya dirimu keluar dari sistem jahat Judi 2.0 mungkin diawal kamu akan merasakan profit namun lama kelamaan akan susah dan tiba-tiba akun tersuspen tanpa sebab. Jelakanya gak ada yg bisa jamin akunmu balik karena Binomo dan lainnya jelas ilegal di Indonesia sehingga penyedia layanan tidak diketahui siapa. Trader Saham musiman via signal telegram : Saham ada bull market dan bearish market, lengkapi dirimu dengan FA dan TA tambah bandarmology juga. Investing stock is about your move, bukan orang lain. Jadi pastikan semua keputusan investasi kamu yang buat bukan orang lain. Trader Crypto: Bear market is coming, we need to understand what crypto still alive for next 4 Years(next halving) DCA still the best strategy for you. We will face the second Bull Run but dont fall for it to much, cause second bull run means next winter season. note: I hope yall getting more profit and healthy. May the Force be with you
So I’m 23 years old with around 10k cash saved with a car, no bills other than 50 a week rent and petrol. I earn 350 a week however that is because I am doing an electrician apprenticeship at the current minute. My income with the job is fine as it is going up every year however I feel like I need to try and get another money maker! I don’t drink or smoke. I box and play soccer so I have no real expenses either other than normal cost of living, food, water rent etc. I have no debt also and have never taken out a loan so I’m guessing I have a 0 credit score. Should I start forex, crypto, stocks or something else? Cc’ing 🙈lol I feel like I only need to make it up past one house I can start renting out. I am very good at saving my money and am very good with money I understand ROIs and other essential business terms. Pls help 🤣
So I’m quite new to forex, currently studying on baby pips while doing a carpentry apprenticeship. I want to start looking at pairs after work but I’m not sure which pair to go for. Anyone got advice on trading after work ? Specifically which session to trade and strategies. I’ve heard it’s best to trade the after the opens of a session, but that’s as far as my knowledge goes. Thought I’d give this community a try. P.s this has taken my post virginity as I’ve never done this before, so be gentle Zaddy 😫 Thanks 😁
$5.8 Billion in LIBOR fines and the UK gave most of funds raised($1.3 billion today) to veterans charities. What's different this time in the US? Is it because it's retail getting ripped off? FTD fines under current circumstances are shameful.
I should have gone to the Derek Zoolander Center for Kids Who Can't Read Good and Who Wanna Learn to Do Other Stuff Good Too. But that good shit didn't exist in my day so please don't judge. This is just a copy and paste really. The UK LIBOR fines went to charity and education. UK veterans really benefited and continue to do so from the legacy of what we set up using that funding. £973m fines collected by the Financial Conduct Authority (FCA) committed to the Libor Fund £773m amount assigned to be granted to charities and good causes by HM Treasury and the Ministry of Defence £200m amount given to the Department for Education to spend on 50,000 apprenticeships UBS In 2012, UBS fessed up first and cooperated with a DOJ investigation in order to avoid criminal charges in connection with currency rigging. Total fines: $545 million $203 million criminal fine to the DOJ in connection to LIBOR rate rigging $342 to the Federal Reserve in connection with its forex investigation (no criminal charges) Barclays Total fines: $2.4 billion Eight additional employees fired for their roles in forex manipulation Fine breakdown: $650 million criminal fine to the DOJ, plus an additional $60 million fine for violating a non-prosecution agreement. So $710 million to the DOJ total. $342 million to the Federal Reserve in connection with its forex investigation £284 million (about $443 million) to the UK’s Financial Conduct Authority $485 million to the New York State Department of Financial Services $400 million to the CFTC Citi Fines: $925 million criminal fine to the DOJ $342 million to the Federal Reserve in connection with its forex investigation UBS In 2012, UBS fessed up first and cooperated with a DOJ investigation in order to avoid criminal charges in connection with currency rigging. Total fines: $545 million $203 million criminal fine to the DOJ in connection to LIBOR rate rigging $342 to the Federal Reserve in connection with its forex investigation (no criminal charges) Barclays Total fines: $2.4 billion Eight additional employees fired for their roles in forex manipulation Fine breakdown: $650 million criminal fine to the DOJ, plus an additional $60 million fine for violating a non-prosecution agreement. So $710 million to the DOJ total. $342 million to the Federal Reserve in connection with its forex investigation £284 million (about $443 million) to the UK’s Financial Conduct Authority $485 million to the New York State Department of Financial Services $400 million to the CFTC Citi Fines: $925 million criminal fine to the DOJ $342 million to the Federal Reserve in connection with its forex investigation JPMorgan Fines: $550 million criminal fine to the DOJ $342 million to the Federal Reserve in connection with its forex investigation Royal Bank of Scotland Fines: $395 million criminal fine to the DOJ $274 million to the Federal Reserve in connection with its forex investigation Bank of America Fines: $205 million civil monetary penalty to the Federal Reserve
A Forex buying and selling internet site will play an essential function if you need to begin an online enterprise trading currency in the market. That's due to binomo web the fact the Forex market internet site maybe your on a spot source of assist and information to realize extra approximately the Forex market and a way to benefit from it. There are distinct styles of Forex trading websites. You have to recognize the differences among those websites so that you could have a simpler time finding the facts you want.
MT5 Binary options signal Indicator with Sound Alert
MT5 Binary options signal Indicator with Sound Alert Description: This MT5 indicator creates a sound alert as soon as a major trend kicks in. Signals can be used for IQ Option, Olymp Trade, Pocket Option, and Binomo Strategy: 3 SMA with Engulfing Candle pattern Time Frame: 1 Minute Candlesticks MT5 platform Expiry: 5 Mins expiry Call option: when Blue Up direction arrow appears. Put option: When Red down direction arrow appears. Type: Binary options Forex only Currency pairs: EUUSD, GBP/USD, NZD/USD, AUD/USD, EUGBP, and USD/CHF Mode: Can be used with MT2 trading Bot or Just on the regular MT5 Chart Works with MT4: No [if required, need a weeks time to develop for MT4] Price: USD 35 Winning Percentage: 85% winning ratio during New York/ London Session Email us at '[email protected]' for payment details if you need this MT5 indicator. #binarypriceaction #MT5indicator #iqoption #binaryoptions #priceaction MT5 binary options indicator with call and put signals and sound alert #binarypriceaction
IQ Option là gì! IQ Option có thực sự kiếm được tiền
IQ Option là gì? Hình thức hoạt động ra sao?
IQ Option là một sàn giao dịch quyền chọn nhị phân (Binany Option). Quyền chọn nhị phân nghĩa là bạn chỉ có 2 lựa chọn trong quá trình giao dịch. Giao dịch quyền chọn nhị phân như IQ Option, Olymptrade luôn là vấn đề đang được tranh cãi nhiều người bởi mức độ rủi ro của nó cao. Bạn chỉ có thể UP/DOWN (Tăng/Giảm) trong một khoảng thời gian nhất định. Nếu bạn chọn đúng bạn thắng, chọn sai bạn thua mất tiền. Tuy nhiên, so với đầu tư forex, hay chứng khoán, giao dịch quyền chọn rất dễ chơi, cùng cách tiếp cận đơn giản và số nạp tiền tối thiểu thấp. Điều này đã làm cho ai cũng có thể tham gia, thử trải nghiệm giao dịch quyền chọn. Sàn IQ Option cung cấp nền tảng chơi nhị phân dựa trên biến động của các cặp tiền tệ quốc tế, chứng khoản, tiền ảo… dưới dạng chỉ số. Kiểu như bạn mua cổ phiếu hay mua bitcoin nhưng theo kiểu chỉ đánh vào chỉ số chứ bạn không thực nhận giá trị ấy. Chỉ số bạn đánh đúng xu hướng tăng hoặc giảm trong khoảng thời gian 1 phút, 5 phút, 15 phút thì bạn thắng. Sai xu hướng đường đi của chỉ số thì bạn thua.
Đánh giá sàn IQ Option với những sàn Binary Option khác
IQ Option hiện tại đang là sàn môi giới quyền chọn nhị phân (Binary Option) lớn nhất Châu Âu và có thể nói là sàn môi giới uy tín nhất Thế giới trong lĩnh vực này. Theo thống kê của Similarweb thì iqoption.com đứng ở vị trí 5 trên toàn cầu cao hơn cả Olymp Trade, Binomo,…
Có nên đầu tư chơi IQ Option hay không?
Đầu tư kiếm tiền phải có kế hoạch. Không đơn giản chỉ là đăng ký tài khoản, nộp tiền vào là phát sinh lãi ngay. Bạn cần phải trang bị kiến thức, tâm lý, làm quen với ứng dụng bằng tài khoản Demo. Tìm hiểu các chỉ số, cách đọc số liệu để có thể đưa ra những nhận định đúng về xu hướng tăng hay giảm trong giao dịch quyền chọn nhị phân được. Ngoài ra, phải có kế hoạch cho việc mình đầu tư chơi. Phải đưa ra những kịch bản xấu nhất để mình không bị mất kiểm soát nhé! Vì là đầu tư thì sẽ có thắng thua, mất trắng. Không nên nhìn vào những tài khoản facebook khoe tiền, thắng ngàn đô mà chơi theo mất trắng nha. Bây giờ, có những nhóm trade IQ Option theo tín hiệu singal hoặc theo trade iq option bằng Robot auto. Theo bạn thì tỉ lệ win mỗi giao dịch là bao nhiêu? Nên hãy tỉnh táo trước mọi thông tin nhé! Đọc đến đây nếu bạn muốn thử nghiệm thì hãy đăng ký thử một tài khoản demo mà thực hành nha! Link bên dưới. Nguồn: https://iqoptiontips.com/iq-option-la-gi-danh-gia-chi-tiet-san-iq-option-nam-2020
RaidenBO — Binary Options (Quyền chọn nhị phân) hay Trade BO là gì?
Binary Options có nghĩa là Quyền chọn nhị phân hay thường được các nhà giao dịch gọi là Trade BO, một số tên gọi khác như quyền chọn kép, quyền lựa chọn kỹ thuật số, quyền chọn lãi cố định. Đây là hình thức dự đoán giá trị của các tài sản (như vàng, chứng khoán, cổ phiếu,Tiền Điện Tử v.v.. ) sẽ biến động như thế nào trong một khoảng thời gian nhất định. Dựa vào sự tăng hoặc giảm của loại tài sản này mà nhà đầu tư sẽ chọn loại đầu tư phù hợp để kiếm lời. Quyền chọn nhị phân áp dụng cho thị trường ngoại hối, thị trường phi tập trung toàn cầu cho việc trao đổi các loại tiền tệ. Thông thường người mua quyền chọn nhị phân sẽ đưa ra dự đoán giá của loại tài sản sẽ di chuyển theo hướng nào tại thời điểm mua — tăng hay giảm. Nếu giá di chuyển đúng hướng, người chơi sẽ có lợi nhuận, nhưng nếu giá di chuyển sai hướng, người chơi sẽ phải chịu rủi ro mất chi phí của quyền chọn nhị phân. Dựa trên các tính năng đặc biệt của nó, thị trường Binary Option ngày càng trở nên phổ biến hơn. Binary Option cho phép nhà giao dịch biết trước khoản lời cũng như số vốn họ có thể bị lỗ trước khi vào lệnh, nhờ vậy họ có thể kiểm soát nhiều hợp đồng giao dịch cùng lúc một cách dễ dàng.
Tính hợp pháp của Binary Option tại Việt Nam
Việc kinh doanh quyền chọn nhị phân chưa có quy định của pháp luật ở bất kỳ quốc gia nào. Hiện nay có thể tham gia kinh doanh quyền chọn nhị phân một cách hợp pháp ở Việt Nam. Khác với thị trường ngoại hối, thị trường quyền chọn kép không thuộc quản lý của Ngân hàng Nhà nước Việt Nam.
Binary Options (Trade BO) có lừa đảo không?
Binary Options (Trade BO) thực chất thì không phải là một trò lừa đảo, nó còn là hợp pháp chứ không phải phi pháp. Trade BO thường được so sánh với Forex (thị trường ngoại hối) hay thị trường chứng khoán, tuy nhiên, đây là hai hình thức khá khác nhau. Đối với các thị trường tuyền thống như Forex hay chứng khoán, khi bạn mua thì sẽ có người bán đối ứng. Tiền được chuyển từ người này sang người khác. Các công ty chỉ có vai trò trung gian ăn hoa hồng thông qua các lệnh của bạn. Giao dịch Quyền Chọn không giống các thị trường truyền thống. Chính vì thế, có tồn tại 1 nhà cái đứng ở phía sau. Nghĩa là những sàn Giao dịch Quyền Chọn chính xác là 1 nhà cái. Và khi bạn chơi Quyền Chọn, bạn trở thành player (người chơi), còn nhà cái là 1 banker.
RaidenBO là gì ?
RaidenBO hay Wefinex2 chính là sàn giao dịch quyền chọn nhị hứa hẹn tạo nên cách mạng tài chính 1 lần nữa giúp bạn thay đổi cuộc đời khi đã lỡ mất cơ hội tham gia sàn Wefinex thời điểm mới ra mắt hồi tháng 4. Một số site BO cũng có thể đi sự thành công của Wefinex và quảng bá rằng đó là Wefinex 2 thì mình có thông tin chắc chắn từ những leader lớn của Wefinex là RaidenBO sẽ là wefinex 2. RaidenBO sẽ vẫn có những điểm mạnh và khắc phục hoàn toàn những điểm yếu của Wefinex hiện tại. Đây là cơ hội dành cho:
Những ai bỏ lỡ cơ hội làm giàu từ đầu với wefinex
Những ai mong chờ sự ra đời của #WE2 để xếp chỗ thật sớm.
Những ai đang làm tài chính thua lỗ và chưa thành công
Những ai đang muốn thay đổi cuộc sống và trở nên siêu giàu.
RaidenBO là gì ? Các kênh kiếm tiền với RaidenBO .
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MaiestasHaven | A New Dawn (Modded, New Player Friendly) is looking for more!
Hello fellow Redditors! We've recently started a new map cycle with the release of Beta 9.2,, dubbed "A New Dawn", where we have a pre-planned main town accepting more residents. Thanks to districts and titles, we have the ability to simulate locality to laws, in effect paving the way for groups of people to join us who want to give us a try, while having full town autonomy! Of course, if you're by yourself and you want to give a well-organized world a go, both our existing towns welcome you with open arms :) As one of the few servers to do so successfully, should we once again have the numbers to support it, we have the means to include foreign exchange ('forex') to the world where people can get by solely by trading in the various currencies of the world if they so choose. Be sure to talk to SatsukiShizuka if you have questions about that - she's been the bank for several rounds and the designer of one of our economical systems! On the other hand, if you're a builder, we have several custom mods, including more decor! We run a 60 day meteor cycle (mostly coinciding with SLG update cycles) so plenty of time to get things ready! Additionally, we have our own blog: https://www.praefator.nl/ where you can read up on my latest musings, as well as reading about server history, our roadmap, and our mods as well as the proposed government structure when multiple concurrent governments are a thing (come Beta 10.0). Are you new to Eco? You're in luck! We are spearheading an initiative aimed specifically to help you learn Eco, whether that is learning a profession or how to build good-looking structures, through our Apprenticeship Program! Have a look and be sure to take us up on the offer :) With all that said, here is the nitty-gritty info to get you started: Server Name: MaiestasHaven | A New Dawn Server Location: The Netherlands Server Owner: Praefator (Owner) Server Admins: Inistaras & Sans TarkServer Staff: SatsukiShizuka, NNMike, Acularius Password protected?: N/A IP & Port: eco.praefator.nl:2053 Discord: https://discord.gg/qgf6yt9World Size: 4 km2 World Difficulty: High World Objective: Build up and away! Have fun!
Reconsidering of going back to engineering but have no experience.
Hi everyone, I live in Birmingham, UK and I am 26 years old. I work a part time night-shift job making around £10k. I live with parents atm and trying to work on a business (fba or forex) that would allow me to leave working for somebody. If I would go full-time this would give me an an Income of £18.5k but would have no time for helping parents, investing in business, etc... I started doing this job as there wasn't any need for skills. I did do an apprenticeship in 2012 in engineering (milling, turning, grinding,...), this was a 4 year course but I only did 2 years. This provided me with a Btec level 3. Now I am thinking of going back into this because it would or could provide more money which I can invest in the business and would help at home too and ofcourse personal expenses. Now I know how the basics of turning, milling but have no real experience on jobs. Most companies hiring are looking for minimum experience of 1-3years. So I was looking for any advice whether related to engineering jobs in this field, any other jobs that would pay more or any other type of advice I could consider. Thanks in advance Hope to hear all your thoughts
I'm in an Apprenticeship, but want to start/learn investing. Help!
Hello, I'm an 18 year old on an Apprenticeship working as a part of a small team, I earn around £865 a month if I work everyday. I want to put some of my income towards some sort of investment every month, I know about equities, crypto-currency, Hargreaves Lansdown, binary trading, forex trading/stocks as a general concept of what they are however I'm after something slightly more dynamic, where I'll learn through the course of trading. I'll be investing with smaller amounts too so I'm just not sure what my best options are as far as usability, potential return on investment and operating at the low level I'll be at because of my hourly rate/monthly income. When I set my mind to the method of investing, I'll be buying books and studying on it, I'm not looking for a get rich quick but to acquire a skill I can use through-out the entirety of my life and maybe even starting making my way into Financial Freedom. I'm open to anything. But I need to make my own way in this life and I just need a little bit of help on my way. Thank you
Can you help me to identify a good career to support myself whilst I commit my youth to training to attempt to become a professional boxer?
I realise this is a really long post, there is a TL, DR at the bottom for those that are not interested in the details of my life.
So firstly, some context about me - if you're interested:
Disclaimer: I'm really sorry if I sound incredibly arrogant here, but the truth is I can't be as 'intelligent' as I think I am if I have made as many mistakes as I have in my past to end up where I currently am - just take it as though I’m selling myself for a job interview. I would consider myself to be the absolute definition of a neurodiverse generalist-specialist - in fact when I was 16 (I'm currently 20) my psychology teacher would always refer to me as the "master of all trades" (and despite as flattering as that was, there was obviously an element of hyperbole there). I am fairly autonomous; however, I am also a neophile (and my theory is that this element of myself is the biggest reason for why I am the way that I am). I am either incredibly hyper focused or completely distracted - however I have been working on developing an element of moderation to these two extremes of my character. Just to clarify though, I don't consider myself 'good at everything' - I'm actually usually the WORST at a lot of things when I first begin, and in all honesty the only thing a lot of people I know would say I'm genuinely naturally 'good at' is learning (which I really, really have come to appreciate over the years) - but I wouldn't say I have any 'innate talents' or any 'elite endowments'. For example: I'm not the best at Maths, I don't have a gift for music, I can't speak multiple languages, and I'm not the fastest or the strongest - BUT, despite whatever disadvantages I have, I have always had the supreme confidence that if I really try, and if I really dedicate myself I can reach the top ~5% of most things. In other words, I can at least do the things that don't require talent that will close the gap between myself and those at the most elite level of a particular discipline. I know this isn't unique to me, however it is something that I have had a good comprehension of since I was very young. However, the super-power I discovered is this: if I can reach the top ~5% of most disciplines, then I have the LARGEST advantage in the most multi-disciplinary subjects. The more versatility, variety, and integration a subject requires - the higher and higher I have noticed my potential to be within it (and I will relate this to boxing soon). To vaguely illustrate the point, I spend A LOT of time researching very high level multi-disciplinary subjects such as Bio-Chemistry and Physiology; Neuroscience and its connections to computation, reality, consciousness, and the practical applications of novel cognitive and neural strategies in sports and the acquisition of new 'abilities/skill'; Data science, artificial intelligence, human history, neurobiology, and systems engineering and how they could shape a society better fit for humans, their needs, desires, and purpose etc. etc. etc. I have been employed since the age of 13 and have grew up in a poor part of inner-city Birmingham, UK, from birth. My parents are 'un-skilled labourers' however have had to care for my disabled brother since before I was born, and their opportunities to progress their material conditions were, and still can be, incredibly limited; for these reasons my parents are unable to give me more support than they already do (I appreciate and love my parents a lot; they give me shelter rent free, and are always supportive of me and my ambitions). I've also always worked 'low-skilled', poor rate of pay jobs that require a lot of time investment in order to change my material circumstances: Hair salon cleaner, Fish and Chip shop, Go-kart track race Marshall, and currently I am an apprentice mechanic (21 months into the 36months required to fully qualify) - I also sold weed for some supplemental income when I was 17/18 but those days are behind me.
The 'problem' though, is this:
Despite my attraction to 'novelty' and my history of what appears to be 'commitment issues' - I've finally settled on a path that I am willing to commit my entire youth towards - but I am unable to support myself financially (and therefore at-all) if I am to make the sacrifices I need to make to be serious about this lifestyle. The main problem is time, and the second is money (go figure!). So essentially, where I'd like to be right now is: spending approximately up to 7 hours a day training (preferably most of that time in the mornings), AND saving enough money to where I have options 5-7 years from now if my efforts unfortunately do not pay off. At this point you can see why I'm having difficulty... I'm pretty sure that it's literally everyone's goal ever to earn enough money to depend on, in a minimal amount of time- however I don't need to earn a lot - just whatever is sustainable for the next 5-7 years... as long as I am able to pay for my abstract needs, with some disposable income I will be happy. THE ONLY OTHER CRITERIA is that it just can't be something monotonous. I'm here because I'd still like to develop a career suited for my skills alongside boxing if possible - but if the best case scenario is that I have to just work a minimum wage job for now, it has to be something that allows me to progress into more meaningful work that is more intellectually stimulating. Basically, a part-time job in a field that I’m interested in, where there is a very real possibility of me attaining more skilled and better paying roles.
What makes all of this complicated (sort of):
Due to a lack of personal responsibility, and a past struggle with depression I dropped out of my tertiary education (the step before getting a degree) before I received any qualifications. I do have a very, very exceptional set of secondary education qualifications - but those are only good for FURTHER education and aren't really beneficial when trying to gain employment - at least if I already had some tertiary education qualification(s) it would open up some doors to a set of slightly higher paying jobs that would (with an assumed degree of flexibility) at least enable me to work less hours and be closer to my ideal situation. I'm slightly adverse to going back into education for now, only because it will reduce the amount of time to generate some capital and train at the same time. I actually really would love to go to University (for something like Physiology with Neuroscience), but I don't want to slow down my current progress in Boxing - as time is of the essence and I will reach my biological prime fairly soon. I am fairly certain that whether my boxing career takes off or not, I will almost certainly end up going to university at a later point in my life, just because I genuinely have an interest in attaining a degree, however, as I already stated, I currently do not possess the qualifications to be accepted into University - and gaining those qualifications would also set me back in my boxing progression further. DESPITE THIS, I would be willing to complete a degree apprenticeship (so long as it’s in a field I'd consider a degree in), because I will be able to save money and sort out my finances from now, and only have to slow down my training for the next 3 years (and in all honesty that's at a push) until I'm able to (hopefully) establish a better work-life balance to, again, attain my ideal situation. At this point, I’m expecting to receive replies that will tell me to continue with my apprenticeship - especially because of the fact that I'm more than halfway through - however I will throw some spanners in the works (lol). I am already on a wage that would just about be in that range where I am able to pay for my abstract needs, with some disposable income (which is actually less than NMW here because it's an apprenticeship) - however I have gotten into debt because for the first year I was on an even lower rate of pay that was just not sustainable to meet my needs and therefore I made the sacrifice to accrue some debt, thinking it would be a worthwhile investment. Furthermore I must (and have been) buy(ing) an adequate collection of tools before my apprenticeship ends to retain employment - and tools are not cheap so this further reduces my take home pay (and will continue to do so for the duration of the apprenticeship). Not only that, but once I finish the apprenticeship, I would not like to continue my 40-hour work week - nor would I choose to stay on with my employer. Despite this, there is good potential to be more autonomous and flexible, and earn quite a lot of money by being a self-employed mechanic - but the amount of money I will have to spend to acquire the tools and facilities required to be a profitable mechanic will take me some time, further delaying my progress in boxing. Furthermore, it would be great if I had the knowledge and experience to be a self-employed mechanic, but attaining the qualification is the sole purpose of the apprenticeship - not becoming a good mechanic; I only work on newer models of a certain brand and therefore my exposure to different configurations of mechanisms, and diagnosis and rectification of different issues is limited also, which will make it difficult to have a large enough volume of potential customers to be worthwhile, unless I spend additional time in a 'backstreet' garage. I did have the thought of applying to a 'backstreet' garage and gaining these experiences and knowledge NOW, so that when I do finish, I could potentially have an easier start becoming self-employed - however I have sacrificed the amount of time that I spent being active before and this is what led me to my previous stage of being deeply depressed, and I do not want to make that same mistake again - athletic development really is my self-designated purpose in life. Disclaimer: Obviously I don’t NEED to train extensive hours every day for my mental health - but I DO need to make sure that I do not reach the age of 30/40 with regret wondering what could have been if I was courageous enough to risk it all- that's literally it. I just won't be able to live with myself if I don't at least do everything I can to try to succeed whilst I still have the opportunity. Once I’m beyond my prime, I can deal with spending my time differently, but I wake up with a sense of urgency towards becoming the most athletically developed as I possibly can every morning. I've thought about doing something like Forex or content creation - but I don’t think it's very smart to invest both my plan A and B in risky 'gig economy' style careers. I've also thought about having a career within boxing - however I don't know of any good opportunities other than competing and I'm scared anything else will kill my passion for my desire to compete also. A possibility that I have just recently began playing with though, is to begin creating an online boxing profile for myself on various social media websites - to share high quality videos of my training and performance in the hopes that I may gain a following that will enable me to gain sponsorship(s) of some sort. The only reason I hadn't done this sooner is because I have only just started to attain a level of skill and ability that I feel is 'rare' - I still have so much to work on, and this is my point, that I have no time to waste. A lot of guys will just throw themselves out there too early but, as some of my greatest idols, I follow the philosophy of Mike Tyson and Cus D’Amato - Amateurs should take their time before they start competing (I am only just about to start competing in amateurs, but coronavirus lol) because we want to dominate, and not compete. I know it may seem silly to be so, so, so focused on Boxing as a career - especially when I am not that 'tried and tested' but I know I can't just give up because I haven't yet proved myself to other people. If you've made it this far, I am incredibly impressed by your ability to focus your attention on someone else's self-absorbed first world problems for this long - and I am incredibly thankful that you continued despite my lack of concision and the horrible formatting of this huge boring wall of text. <3 What would your advise be for me?
TL, DR:
I have a good history of low-skill employment; (In my opinion) I'm under-qualified for my level of 'intellectual capability' (through no faults other than my own), and I feel like I am already prepared for a higher-skill job - so long as I was given the opportunity to prove my ability - however I am a choosing beggar in the sense that I am trying to create a great work-life balance despite my large demands as to what constitutes 'life'; despite this I'm willing to live frugally for a while in order to make my dream a reality - but do need some disposable income to pay off some debts I have accrued and also to prepare myself financially just in-case I am unable to make my dream of becoming a professional boxer a reality once all is said and done. Therefore, with these circumstances what do you think is the best course of action to reach my ideal situation of: working part-time for (up to) 30 hours a week to begin building a career that will not feel like a form of mental torture due to the monotony of - and one that has good potential to increase earnings without increasing my commitments to work (mainly time) - something that pays me because of the extra value I can provide (funny how hard this seems - not sure if this says something about me hahaha). I have interests in all the sciences (mainly life science, but the STEM and Natural sciences are good too), public health, using tools (as long as they're not as expensive as a mechanic's hahaha), and anything that allows me to be more autonomous and learn about novel things - or at least contribute to the development of knowledge. The only thing I know is that I DO need to make sure that I do not reach the age of 30/40 with regret wondering what could have been if I was courageous enough to risk it all- that's literally it. I just won't be able to live with myself if I don't at least do everything I can to try to succeed whilst I still have the opportunity. Once I’m beyond my prime, I can deal with spending my time differently, but I wake up with a sense of urgency towards becoming one of the best boxers the world has ever seen. Edit: It's funny how one of the first things I mentioned is that I'm a 'generalist-specialist'... and then this whole post is about spreading myself too thin hahaha.
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