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Make Your Trading Truly Worthwhile

Discussion in 'Forex Basics Boot Camp - Fx Articles by Pharaoh' started by Pharaoh, May 7, 2009.

  1. dabella

    dabella Recruit

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    I second all you've said..

    Since some time ago i'm following kiva.org (Loans that change lives).
    This is a Micro-Loan org that list a lot of entrepreneurs from whom you can choose and lend them xx $ to support their project. Loans are repaid in a consistent way and you can re-use the original amount for new entrepreneurs.


    Daniel.-
     
  2. kenwork

    kenwork Recruit

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    A worthy cause...

    I donate 15% of my profits to Fueled By The Fallen - Memorial Race Car - Remembering our fallen service men and women from Operation Iraqi Freedom.. A cause that supports the troops returning from Iraq and displays a moving memorial for our fallen heroes... I must also say that I am one of the founders of the project (and I do NOT make a single penny from this fine cause), but I ended up selling my house for this cause to help it get off the ground.

    That's my two pips...

    Ken
     
  3. bamcoti

    bamcoti Recruit

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    Donations

    I completely agree. I have my reasons for giving. Even though I am still recovering from my long learning to trade process, I give when I get to the end of the month and have some left over. That is becoming less and less as My medical bills build. I have stage four cancer. I give to the American Cancer Society. Both because it will help others and may be they might find a miracle while I still have a chance. So here is a link to donate to. http://main.acsevents.org/goto/Mike.Brown This will take you to my personal page at the American Cancer Society or if you just want to go to the American Cancer Society to see what is new on the treatment front American Cancer Society :: Information and Resources for Cancer: Breast, Colon, Prostate, Lung and Other Forms
    Mike
     
  4. paul benson

    paul benson Recruit

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    giving back

    wow
    thank you for bringing this up , i think that most people are good nature,and will be giving 15% of my profits to the hosipital that has helped our son so much,i feel that this is the least we can do, and no matter how much we give we will never be able to repay them thank you Adelaide childrens hospital
     
  5. shivayogi

    shivayogi Recruit

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    To sacrifice comes from the Latin "sacrum facere", to make sacred. It was performed giving to the Gods part of something like part of a meal, an animal of a herd, and so on. All the esoteric literature is full of the positive aspects of donating. It's true it should be given without any involvement of the 'ego', and that's the tricky part, but giving is life, keeping is... and we 'should' give without expecting anything in return. Not easy, considering how our minds work. Anyway, I cannot agree more. And 10% has been used since the man came out from the caves. Spread the voice.
     
  6. jbmaverick

    jbmaverick Private

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    Pharoah - Fantastic article, man. God bless you for sharing your thoughts on this. (By the way, I peeked at your profile and got a kick out of the bit about "watching as 'the perfect trade' slams into stop loss order" - Gee, we must do a lot of the same trades! :)
     
  7. Pharaoh

    Pharaoh 1st Lieutenant

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    Hee hee! Glad I'm not the only one. Happily for the causes I support, I have some income besides what I get from my forex trading account.


    Don't think I'm all sweetness and light about having positive attitudes all the time. When I'm getting ready to pull the trigger on a trade, the last question I ask myself is "Can I afford it if this goes straight to stoploss?" If the answer is "no", I don't take the trade. If the answer is "yes", then I say "goodbye" to that money and click the mouse.
    :D

    Some people would think that's being too negative, but it's saved me from a LOT of bad trades. When I first started trading, even with tight money management, I went into deep drawdown on my live account. Still, I've managed to claw my way back up to make some profits. Now I just need to do a little better so I can build that school.
     
  8. Michael Ford

    Michael Ford Recruit

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    Michael F

    An interesting principle about goals and values - if personal values are in opposition to goals, values will win. And according to Pharaoh, it seems that act of trading has no direct value or contribution to making a better society.

    So if your goal was to make a living from trading & your value system says that your work must have some value to society, then you are not going to make a living from trading. And as we've all experienced - if you are trading and not making a living, then you're making a loss - donating to the market!

    I'm from a 'working class' background where the value of work and its contribution to the community seems almost genetic. I also am having a great deal of difficulty turning a profit in trading (this is a nice way of saying I'm still in loss). I guess that my value system has been sabotaging my efforts to turn a profit as my 'working class' values state that my work must make some form of contribution to the community.

    So Pharaoh's article has shed some light onto trading as a means to turn a profit AND make a contribution to the community, which would align a value system with the goalof trading for a living.
     
  9. Cindy in AZ

    Cindy in AZ Recruit

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    This is an awesome thread...it is nice to talk about something uplifting. Great way to end the day! Thanks, Everyone
     
  10. Pedro Rivas

    Pedro Rivas Private

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    Very good and interesting article, I was just thinking in something likes that yesterday, hoping to help others once I become a trader, now I'm in training.
    This is a link if somebody wants to help people in poverty in Guatemala Asofamilia - Bienvenidos
     

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