Forex Trade and Travel Challenge intro

Hard work is about to be put to the test.  I have booked tickets to the Canary Islands, Spain of the coast of Africa leaving July 1...the picture on the left is the view from Jarratt's place.  He is going to be my mentor on this 'creative' internship.  This challenge is a stepping stone to prove that trading post college full time is achievable.  If it goes sour...need to start drafting up plan B.

The Forex T&T Challenge:

• Trade enough to cover expenses.
• Expenses so far: $1,550 (round trip ticket), Food, and leisure...every euro-cent will be updated daily both the expenses and the trades.
• If you are in country with tradeable currency...in this case the EURO.  Make a post worthy trade on any pair tied to the EUR.
• Create a blog series to update the journey.
• Bonus Points:
• Network with YPO members around the globe.
• Create a web tv mini-series to document the challenge.
• Rack up enough pips to upgrade to first class ha!

Milestones:

• 1-2 interns are going to help with strategy optimizing this Summer.  They will be trained at my house for few days then off to back test old data and producing results on how my strategies work for different pairs.  The Idea is to be able to have the most efficient ideas for more than one currency so that money can be made everyday no excuses.
• Verbal offer from Jarratt to possibly trade for Wealthbuilder FX pending:
• Written trading plan that explains strategy and risk management.
• Positive results on their demo account for 6 months.

There is a lot to do...website will be getting a makeover shortly.  I have received feedback from some of my readers...will try to post charts of my trades.  Check back for more updates.  July is going to packed with posts!!!

I'm a Currency trader

Our everyday conversation typically leads to, "So, what do you do?" Most people do it out of curiosity and pretend to care about what the other person really does...hoping that maybe just maybe he or she is a professional base jumper or a Hollywood agent for Matt Damon.

Here have been my responses in my lifetime:

• High school student at NCSSM

Zz

• Real Estate broker

Zzzz

• Loan Officer

Zzz

• Civil Engineering student at NCSU

Zzzzzz

• with a minor in entrepreneurship

Zzz

• Professional Currency Trader

?!?!?!

Curious friend: What is that?

Me: Have you ever traveled outside of the country (typically yes)...oh really where?

CF: Names xyz country...typically one from Europe (if ever studied NLP...this has made a visual impression. The conversation has taken their mind to their overseas trip.)

Me: That's real awesome! When you visited France you had to convert your USD to Euro and when you came back to the states you converted it back...you either had more or less than Euro to USD than when you started with. The fluctuation in rates regardless if it going up or down is essentially how I make a living.

Continue asking questions about experiences and site seeing and build a conversation that wouldn't have otherwise been brought up. He or she initiated the question...it doesn't come off as a boasting or getting into people's business.

I find that talking about staying up at 2am est(Frankfurt open) to sunrise (mid-NY) fun to talk about.

Just an interesting observation I felt like sharing.

Trader Update

Mini-Term was a awesome Experience!!! School has been an opportunity killer. I've found that I can't handle managing a trade while in the middle of class...so I slowed down the number of trades I take per month. I had an awesome month in January which ended my cold streak (see picture). I'm currently a little below my peak. I plan to make some positive gains during my Spring Break!

Below is an opportunity I am ecstatic about. Sometime in November currensee.com called me and told me that they would be interested in having me as one of their first trade leaders. The site is 'like' a facebook for forex traders. The members are able to view the trades and pick a trade leader to invest in. I trade as I would normally do but the investors that are following me have my trades and risk management duplicated on their accounts. It's a great win-win-win scenario!

1. Currensee.com gets the commission from their IB business not only on my account but the investors...plus most traders lose or bust out quickly. Currensee will have longer and better residual income from TLP (Trade Leader's Program). Very Smart.
2. Traders/Investors can tap into talent that would normally be exclusive to elite (30%+ yearly gains). Also learning traders can 'hedge' their live accounts by using TLP. Say I make 30% they lose 10%. They are still up and have the live learning experience.
3. I am paid like a Wall Street fund manager. I will be taking 25% of the profits. For every 4 investors that match my account my profits will double for the same amount of risk taken...sweet RRR!