I just tell them the truth. I'm a petroleum equipment contractor!
Most people I know ,also know I trade currencies. This has raised eyebrows, because they haven't got a clue , or even heard of forex. If they want an explanation, I get right into it. They lose interest very quickly and change the subject!
Now to AtlanaAnna!
Hope things are going well for you girl! I see you havent posted for a while.
If I may offer some guidance.
As you probably well know by now, Forex can eat you up very quickly.Its the nature of the market.
It's happened to me also, blowing a small account and starting over.
I've traded now for 2 years and these are my results:
- first mini acc. tripled within six months ( definite confidence builder)
- blew entire account within 1.5 months ( felt like I fell off a cliff)
- opened another mini acc. and blew it ( revenge trading )
- sat out for a while ( learned about forex and myself)
- re-opened another acc. ( a little better armed this time)
- Today- marginally profitable/ to breakeven
- Gained invaluable experience
So the lesson I learned from all this is IT MUST BE TREATED LIKE A BUSINESS>
I may be fortunate in this department as I have successfully built a business
over the last 15 years, and can use that knowledge for forex.
-1- Have a plan ( short term and long term goals)
2- Learn every thing you can to achieve those goals
3- Practice strict money management
4- Let pitfalls be your way to success
5- Never! Never! let anyone tell you you cant do something!!
Follow these rules and the world is yours on a silver platter!!