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Forex Millionaire Trader by Forex Millionaire Trader - 2M ago

Hi fellow traders,

For now… I will be closing the FOREX MILLIONAIRE TRADER SLACK COMMUNITY. As much as it has been fun talk to traders of all skill sets, I do not have the time to decide to reply everyone instantly.

And I have decided to start *drum roll please!* Forex Questions instead. It is similar to the Question & Answer style sites (think StackExchange, Quora etc) with a mix of a forum feel to it. Please ask any forex questions you – ask away. Hopefully we will get a nice Q&A community going on. (From the first question, it also seems to compile from the comments too.)

Happy belated 2019 – more to come!

TTFN

Robin

P.S. There are a fair few posts in draft, I’ll finish them in the upcoming months.

Featured Photo by Nikita Kachanovsky

The post Forex Questions & Answers appeared first on Forex Millionaire Trader.

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Forex Millionaire Trader by Forex Millionaire Trader - 7M ago

The illusion of time. Have you heard someone talk about how they want to do more of X or improve Y… then they shrug it off with those magic words – I don’t have enough “time” and say I wish I had more time. Shortly after you see them end up playing Pokemon GO, surfing the social web (Facebook, Instagram etc), or Netflixing. Sure, not enough time.

I always say actions over words (actions > words), talk is cheap. If anyone wants to do something they will – please ditch the lip service. Stop and take a look at your goals and your life. Are you truly serious about them? If not, either delete them and save yourself the headache and heartache, or get serious about them and spend two hours this weekend planning out how you’ll achieve something meaningful. If you’re not willing to spend hours and hours on this, then see the question above.

Very few people are serious about their goals or life. They both fade away like memories. I get asked by many people about forex trading and where to start. Sometimes I give pointers but no one is willing to do the work (It’s amusing to see, this is always the first soft test.). They expect a magic solution or the coveted ‘Holy Grail’ trading system. It’s definitely not like that, you have to do the work. There are dreamers and there are doers. You can be both, but most people aren’t. Being a dreamer and not a doer is the kiss of death. Ideas don’t execute themselves and life waits for no one. Stop talking and start doing.

Remember – little by little, a little becomes a lot.

The post I don’t have enough “time” appeared first on Forex Millionaire Trader.

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Forex Millionaire Trader by Forex Millionaire Trader - 8M ago

Ever since I got started on with Intermittent Fasting, I have been experimenting with different eating windows. Typically I will be doing a 16 hour window of none eating, then an 8 hour window of eating. It’s amazing, how much I used to eat (overeat much?). Recently, I bumped into a friend who does 3 day water fasts, and that really perked my interest. I did research and found out it was a common fasting time, and even Tim Ferris even does them. To build my way in I decided to start with 24 hour water fasts.

I thought I would not be able to do them (go mind power!?), but how easy have they been? SUPER. It’s only an extra 8 hours to the normal 16 / 8 intermittent fasting. I have completed 2 so far. One was on a business trip to Hong Kong and the other was when I was chilling out in Thailand.

What are the after effects of a 24 hour water fast?
  • I feel super refreshed.
  • Again, like the intermittent fasting, makes me realise how much less food I need to get going on in life.
  • Zero hunger “attacks”.
  • A senses of ‘lightness’. (Wishy washy I know, but try one and you’ll understand).

NOTE – since you will be drinking lots of water, you will naturally be heading to the loo more.

I will be carrying on with this sporadic 24 hour water fasts and will be adding a 3 day fast in the future. They are more challenging to plan as you have to block out time away from social commitments, dinners, lunches etc.

BBC Documentary on Intermittent Fasting

Here’s a good documentary on Intermittent Fasting by Michael Mosley “East, Fast, and Live Longer” https://vimeo.com/170735109 also an article he wrote on the BBC website The power of intermittent fasting.  Highly recommended.

TTFN!

Robin

Find my beginnings of 16/8 Intermittent fasting at the following links: Intermittent Fasting Trial 16/8 – Day 4Intermittent Fasting Trial 16/8 – Day 8 and 16/8 Intermittent Fasting – Day 29.

OH. People are asking why the sea view picture? 1, This is about water fasting and 2, I miss chilling by the sea.

The post 24 hour water fast appeared first on Forex Millionaire Trader.

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Forex Millionaire Trader by Forex Millionaire Trader - 9M ago

At the checkin counter there was a fellow passenger who randomly started talking to me. Let’s call him, Passenger A. Passenger A happens to be one of the most interesting individual’s I have met on a flight. If I could sum up his nature of business, it would be in international pricing arbitrage for (any) products. Passenger A, was very chatty and somehow ended up at the table next to me at the airport lounge in Dubai.

A definition of arbitrage is: Attempting to profit by exploiting price differences of identical or similar financial instruments, on different markets or in different forms (from Investorwords | What is arbitrage?). Arbitrage is not solely for the financial instruments, it is for products, commodities, etc.

Passenger A, was a former air crew member, who worked a good 20 years upwards traveling with Thai Airlines. During his transit times and layovers in different countries, he noticed that the pricing of products varied from country to country. This is where the international pricing arbitrage comes into play. He would exploit the price differences on similar products in different country markets.

For example, if Product X, was selling for $50 in Country A and for $200 in Country B. He would go and exploit the price difference of $150 for Product X and figure how to get Product X over from Country A to Country B and make his profit.

He now imports and exports large quantities of products internationally through his network of business associates throughout the world. The majority of his business associates were all made when he was traveling as an airline crew member. You can image with an airlines, such as Thai Airlines, he was able to travel extensively to many countries.

Passenger A, now, jets around the world conducting his business (buy and selling products taking advantage of international pricing arbitrage), travels business class and from his stories, parties like a rock star. We actually know all of this international pricing arbitrage exists, it just depends if one wants to take advantage of it. Passenger A did, and kudos to him.

To success,

Robin

The post International Pricing Arbitrage appeared first on Forex Millionaire Trader.

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Forex Millionaire Trader by Forex Millionaire Trader - 9M ago

Day 29 of 16/8 Intermittent fasting – who would have guessed it. It’s been an amazing and insightful journey. Starting from my Intermittent Fasting 16/8 Trial – Day 4 and the Intermittent Fasting 16/8 Trial – Day 8 posts, all the way to where we are now. I was purely testing it out with no real goal in mind, yet, this is a deceptively simple plan to follow and here we are at just under the one month mark. It is something that I will definitely be carrying on a daily habit.

Day 29 – 16/8 Intermittent fasting feedback & thoughts:

  • I automatically drink lots more water (minimum 3 litres a day).
  • No lack of energy at gym training.
  • So far, it is too early to see any form of gym results. I will give it a good 1-2 more months to see the gym training results with intermittent fasting.
  • I do sometimes get hungry around the 11am mark of the day. The hunger degree is much less now. I can now go a couple hours past the 16 hour mark of fasting, if I wish (I confess, I do lose track of times at work!).
  • Skin complexion is much clearer.
  • My body is much leaner. Comments on my face looking leaner from a few friends (they were not aware I have been doing intermittent fasting).
  • I rarely reach for snacks and am more aware of my food choices (leaning towards whole & healthier foods).
  • I have to think about food or where to eat or what to eat – much less – as I am eating less meals and snacks.
  • I do have to juggle my social times of having dinners with friends/family, or lunch meetings etc.
  • If was more serious, I would have done some form of body check up pre and during doing the intermittent fasting, to be able to compare body statistics.

Intermittent fasting is definitely a protocol that I would recommend to family and friends. Play around with it, and feel what works best for your body. I am pleased I am eating much less and have no lack of energy. That was one of my main concerns – how wrong was I. As mentioned at the beginning, I will be carrying on with the 16/8 Intermittent fasting as part of my daily routine. I may tweak the times and if I do, I’ll update you of the progress.

Robin

The post 16/8 Intermittent Fasting – Day 29 appeared first on Forex Millionaire Trader.

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Intermittent Fasting Trial 16/8 – Day 8… damn, that went by quickly. Slightly over one week since the start of my whacky idea of experimenting with intermittent fasting trial 16/8.

How is it going?

It’s been challenging at times, especially in social situations. For example when you get invited for brunch or a breakfast meeting and you have to either decline the invite or, sit there looking a bit off not eating. You do become more anti social, especially at dinner time. I have scheduled most of my dinner meetings to be lunch time meetings.

I did have to fly from Dubai to Bangkok. That was a real challenge of having to resist the food offerings in the airport lounge and the airplane itself.

Apart from resisting food, I’ve been feeling rather fine and much lighter. Maybe there is something to this intermittent fasting protocol?

Intermittent fasting trial –  changes? 

  • On the physical outlook, nothing major to report. A friend did mention, that my double chin looked smaller… why thank you?  
  • When I wake up, I have no cravings for food immediately. I go up to midday with relative ease, surviving with my faithful companion H2O – water.
  • It’s amazing, in my previous post (Intermittent Fasting 16/8 Trial – Day 4) I spoke about the thoughts on me questioning, WHY was I eating. Following up, I realise that:
    1. I habit ate, and it became automatic (grabbing for snacks, meals, desserts, cakes etc).
    2. I have surprised myself that I don’t have eat that much to get the energy required to work, exercise and live. I do feel like we are programmed to eat much more than we actually need.

Overall, I am very happy with how everything is going. Do note that it is only day 8, so let’s see what else happens.

Until next time,

Robin

The post Intermittent Fasting Trial 16/8 – Day 8 appeared first on Forex Millionaire Trader.

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