Max is an avid fisherman. It's definitely one of his key passions in life but the other key passion is working towards a passive income long term. He started his trading journey about 2 years ago. He started with manual trading but when the option of automated trading services he jumped on board straight away. In this interview, he shares his beginnings, his learnings, and his guidance on considering automated trading services. His relationship with life and money which are made a 180-degree turn. He's keen to share this learning with others who are looking for a better work/life balance.
See more of my interviews on my You Tube Channel.
Different Vibration of Money | How To Make Money Mindset | Money Mindset | Money Mindset Expert Gull Khan
[taken from her You Tube Channel]
Who is Gull Khan?
Gull Khan is a former Banking and Finance Lawyer, who left her corporate job to pursue her passion and become a Money Mindset Expert and Healer. She helps Entrepreneurs break free from their limiting beliefs about money so that they can live a life of unlimited abundance.
Gull successfully overcame her battle with dyslexia and then completed her Law Degree at Queen Mary, University of London. She then went on to become a Barrister with Middle Temple (UK), Attorney with the New York Bar and a fully qualified Solicitor with the Law Society of England and Wales in the UK. As a lawyer, she has worked for some of the top international law firms, such as Skadden, Arps, Slate, Meagher & Flom, and Herbert Smith as well as international companies, such as Shell Inc.
Gull is a trained Intuitive Life Coach and a certified Emotional Freedom Technique (EFT) expert, with a special focus on money in each discipline. Gull has helped hundreds of men and women to heal their money stories and to manifest up to $830,000 within 8 weeks. Gull lives with her two children, and two cats in London and has two passions, money and Bollywood
Its been a quiet week on the trading from for R2D2 and that's mainly because of the time of the year and avoiding any volatility but last night the traders saw an opportunity and it paid off!! This morning I saw this beautiful profit on my MT4 app. I was very excited and its moments like this that I love automated trading. Nice christmas present there for sure! xx
I'll share a more detailed note in my R2D2 results but I just had to give this trade a bit of its own glory on my blog.
These are my own results. Returns are not guaranteed and any capital is at your own risk.
A great open discussion about IX Global's key products, R2D2 & C3P0. A more indepth overview to help you see what is going on in the background and how it is serving IX Global customers. Gold is a key discussion in this interview.
I'm excited to go into Year 2.
My answer to: 'Losses after more losses? Why are you getting people to sign up to this? Scam. By Mr. A Pessimist!'
So, this title is inspired by a comment I had on a post from an Mr. A Pessimist.
I’d like to thank them for their comment because its comments like this that help me drill deeper into helping people see the power of automated trading service for those that are truly skeptical, like Mr. Pessimist. His comment reflects probably a large percentage of people who remain skeptical of other ways to earn an income outside of the traditional l banks, saving plans, pensions and financial tools. All tools I have in my financial kit too because they are worthy services. His comment also reflects the negative press forex trading gets which is heavily created by the ridiculous claims that are often shared or people with images of fast cars and tonnes of money. So, I respect his opinion and I hope that he finds the answers he’s looking for.
The opening sentence was ‘Losses after losses?’ They punctuated it with a question mark, so here is my answer.
In this year of trading I’ve had 2 losing weekly moments. They just happen to coincide with one another in the same month. The first one was the US General election (US$31) and then I lost my profit earned from the month of November (US$141). At the point of the loss my profit was actually up at US$119 so it had been a great month. This loss was caused by a technical glitch which has now been resolved. IX Global worked super hard to turn this around and given that I know the teams I was pleased to see the action taken quickly and the communication of the error being spoken about. There was nowhere to hide so it had to be addressed with the many IX global customers. A bit like when TSB had IT issues with customers bank accounts. Technical glitches can happen.
What I lost was profit not capital. In my opinion that money was not real to me unless I had wanted to withdraw it from the account. What I lost in Noember was a percentage gain which equated to 3%. Overall, since my account started I have earned well over 50% over and above my capital. Which is far more than my bank or current retirement plans are earning me. Yes, forex trading is riskier, but the returns are far more lucrative. If you can be emotionally detached from your trading, then you are 80% there. Initially I was bothered by the loss, but when I put it into prospective, I found calm in my head. My rational:
Their next sentence: ‘Why are you getting people to sign up to this’. Also finished with a question mark, so here is my answer to that part of the question.
Through my blog I’m sharing my trading journey. I openly share my results, learnings and answer questions so that those curious can get a real picture of what its like on a weekly basis. I remain open, honest and transparent about my results because at the end of the day this service is riskier than guaranteed profits return you would get through other financial tools and I want people to see if for what it is.
This is also an industry that is completely alien to a lot of people who have been taught that we should be saving money and using banks, ISA’s and retirement tools that guarantee income. These tools offered by banks and financial institutes also use the forex markets to make money from your money invested. They are doing it, why can’t we! Deutsche Bank is the world’s largest foreign exchange dealer with over 21% in market share. Another reason I hear often is forex trading is just for the rich people and not acceptable to the ordinary person in the street. Its not acceptable to the ordinary person in the street because its not offered to them as an option. Its also presents itself as a walled opportunity. Only open to those that are math whizzes and those that have a ton of time to read charts. Automated trading gives you an option to tackle these two issues and get yourself into an industry which could make you a good return! People make their own decisions based on their own due diligence if this is right for them. I share my journey as evidence of what automated forex trading can bring them.
The last word, ‘Scam’.
Well that is an opinion and if I’m part of a scam then I’m very confused by the success and results of some of the other IX Global customers. I’ve connected with many customers to share forex questions, insights and experiences. Each week these customers rave about their returns and share the glory of their money growth because they are more than delighted with the results so far. I see them posting their results on Facebook and happily express to world another great way to earn a passive income and really feel money abundant. IX Global is changing people’s lives and that is exciting too watch and see. I’ve also been a customer for a year now and if I hadn’t been seeing my capital grow, I would have stopped this journey a long time ago. Its been worth it and I’m very excited about 2021.
Mr. A Pessimist, thank you for your comment and thank you for helping me think about your post and adding more clarity around the opportunity for forex trading. Its been a pleasure.
Merry Chirstmas to everyone at IX Global, all my forex friends and Mr Pessimist!
These are my own results, learnings and experiences. Before forex trading do your own due diligence and answer you own questions. Returns are not guaranteed and any capital is at your own risk.
Drawdown is a measure of how far your account falls from the last account high to the low before you get back to the old high again. So, if your account topped out at £1,000 then dipped to £900 before recovering to £1,000 again, you've had a 10% drawdown.
Drawdown can be the source of lots of concern for a newbie trader. They see a minus number at the top of their MT4 app and get really concerned they are about to lose that number. So, I want to put your mind at ease with what I’ve learnt about drawdown and how to have the right mindset around it. I’m not an expert in this but this is my experience I’m sharing with you and if you need more technical information then I’d suggest do your own research around this topic too!
1. Drawdown is part of trading. It will happen every day when trades are set. Its part of the process. When new trades are set you may be lucky, and it jumps right into profit and you hit your target profit straight way, but I’d say 99% of the time drawdown happens first. Its going to be a part of the trading picture going forward.
2. Drawdown means that trades are in play and your money is being actively used to create the money growth activity that you want. If we didn’t set trades or have drawdown we wouldn’t be trading or seeing any profit. If this is not what you want to do then find another income generation method that suits your tolerance levels.
3. I make a note of the dollar at the 10% - 30% drawdown and keep those in my head when I am looking at moving Trade value at the top right of your MT4 app. This helps me roughly know where we are in the drawdown and help you see. For example, my account balance is valued at US$3362. 10% of that is US$336 and 30% is US$1008 so when I look at my MT4 ‘active money’ value I know roughly where I am within these numbers.
4. Drawdown doesn’t equate to losses unless all those trades that are showing loss are closed. They only count if they are closed. When they are in play, I have no problem with seeing the drawdown.
5. Become comfortable with your risk appetite. If you don’t like a lot of risk, then either don’t trade and find another passive income generating method or keep your account small so you are only risking what you can comfortably afford to lose.
If you are manual trader then your drawdown percentages and your risk appetite will be very different, and you will have to create your own risk management plan around your trading plan. There is a lot of wisdom out there on the internet on this.
NOTE: Past results can be verified and if you look in the tab called 'My Results' - you will see my results I have been sharing. Past performance is not indicative of future results. If you are interested in registering or getting more information on this trading system, please message me.
The images below show how the active trade values can vary in a timeframe. The first image is with around 14% drawdown. The second image is 10% drawdown. In an evening the drawdown has reduced and the AUDJPY is trading bearish!. I'm comfortable looking at this. Would you be?
Caroline is a customer services agent within the food supply industry, living in Northern Ireland. She was originally introduced to forex trading a few years ago but didn't take start her automated trading journey until the summer of 2020
She has been more than delighted with its progress. She has found the whole experience not just to be monetarily helpful but it has helped her confidence and outlook. In this interview,
Caroline shares her journey, how it has impacted her life, her mindset and how she feels those looking at it should consider its potential for them. thank you Caroline for your time and energy. It was so lovely to sit down and chat with you!.
Congratulations IX Global
Your ever growing community of inspiring personal development content and financial products is just fantastic. It is reflected in the number of people that are using the app and becoming brand ambassadors.
IX Global is going to be one to watch in 2021!
This week's results. 30th November - 4th December 2020
So, if you don’t read this whole post then just read the next sentence and let it spend some time in your head, relaxing!
“This first year of automated forex trading WAS very worth it. For those looking long term, it pays to broaden your horizons and investigate more ways to build your financial freedom. This tool is worth your time to explore! Ask your me or your IX Global connection about it!’
You may be thinking, it’s not the end of the year quite yet but I know that minimal trading will take place during December partly because of Christmas but also partly because of trading volatility. IX Global is managing our risk! So, I thought I share my top 6 learnings from my first year of trading and I hope through these learnings you can take them on board and apply them when you decide to join the automation.
Any first year of anything new has its ups and downs but overall, I have thoroughly enjoyed learning more about forex trading. I’ve not only gained more insight into understanding it more, but I’ve also made a number of great new friends, my mindset has a healthier relationship with money, I’ve watched other IX Global journeys explode this year and many of them are on their way to a new kind of financial freedom they thought they would never see. I hope to get some of them on my video show ‘My forex stories’ in 2021. To hear their stories. Maybe you could be a future guest??
1. Become emotionally detached from the screen
I think this is more about 80% mindset and 20% automated trading. In the beginning, I was an emotional trader. I looked at the trades all the time. When I would look at my MT4 and see a drawdown of 10% or more, I’d start to think that I was about to lose my money. I was in a weaker position because I didn’t know what I was looking at and having faith in something you had not done before was hard. But I learned quickly I had to ‘let go’ of what I was looking at. Become emotionally detached from the screen and just see the screen as ‘a game in play’ and I just had to watch and let the small wins come in. All the longer-term IX customers now have a very cool relationship with the trading and just let it happen. We encourage new customers to just relax and let it go but we also know that this takes time and patience to get into that mindset. Long term it will serve you better to detach from the trading and only look at your MT4 maybe occasionally or at the end of the month to see your monthly growth!
2. Learn the basics for what you are looking at on the screen
Do take the time to understand what you are looking at on the MT4 screen. Learn the basics of forex trading and understand the strategies used by Ix Global. It just helps your mind, how you share with others, and understand what is happening. You don’t need to do a lot of research just know some key details. Understand what drawdown is, understand compound interest, get clear in your head why you are doing this and refer to it often. Use the IX Academy platform for this. They have created a learnings section for you so you can understand what you are looking at.
3. Trust the system and the trader
Some of the key reasons for using automated forex trading services is so that we can grow our money without changing our lifestyles. Another is we don’t need to spend the time analyzing charts or reading macro-economic news. We have busy lives to get on with but we want to build a better financial pot. We all pay a monthly fee for the experience of the trader and their professional direction. We’ve also seen the historical information about how the automation services have been doing. So, in doing this we have to have some trust that the trader is always doing their best and the algorithm is a very good one. Ix Global is striving to be a great platform.
4. You can learn and earn
I guess this is repeating some of the key learnings above, but I love to tell people you can ‘learn and earn’. Evidence and research on new forex traders are that most lose all their capital very quickly and then walk away thinking that it doesn’t work and it just a waste of money. This is where automated forex trading has a niche because you can ‘learn and earn’ this way. You can utilize your capital investment better and see your money grow consistently and at the same time expand your knowledge of forex trading in a more relaxed way.
5. Know your risk tolerance and your risk averseness
Automated forex trading is risky. We say often that historical results don’t guarantee future returns and understanding this is key to all of this. You must know your own ‘risk level’. How much are you prepared to risk and understand how you feel about all of this. It goes back to my other learning about ‘emotional detachment’ and risk is always a part of this. I started with a 2K account because I’m quite risk-averse but the learnings from this year, trust, and emotional detachment means that come 2021 I will start to raise my capital.
6. This long term, not short term
It’s important to think long term when you are using the automated trading service. Consider your percentage growth over the long term from a bigger picture perspective. On a daily and weekly basis, trading can be up and down but when you look at it from the ‘bigger picture’ perspective you see a different outcome and see how your consistent efforts have over the long term been positive. One month isn’t a great barometer of your trading. Commit to it for at least 6 months to give yourself the better chance at succeeding at this. It's probably the safest way to trade too because you can ignore the daily/ weekly changes and just focus on the monthly and yearly outcomes. When you can do that you are well placed to be doing this for the long term!
There are so many learnings this year it was hard to really decide which ones would be most relevant, but I think the ones above reflect the early day thoughts and feelings we have when we start automated trading. Know, like, and trust ring true through these learnings too! Ask questions, do your research, and speak to your Ix global friend and learn from their experiences too. You really do need to make room for new knowledge if you want to change, grow, and want different results.
I’m so excited for 2021 and what it will bring. I hope you will consider joining us and being part of this opportunity. Bring with you lots of positivity, an open-minded attitude and a real desire for change, and lots of curiosity and you are already 50% of the way there.
I’ll see you in the IX global family.
These are my own results. Returns are not guaranteed and any capital is at your own risk.
You may look at the screenshot below and worry but these are my live and active trades at present. They need to happen to make profit. They are in play and haven't met their Take Profit targets yet!
I serve people who want their money to work harder for them instead of it sitting in the bank.