Forex trading self employed

I recently sold my luxury house in Queensland Australia and am currently renting while my family and I decide where we really want to live. Our plans were to eradicate all assets and debt, as my wife and I are both quite young and with my profession as a trader and coach, I have the ability to be mobile.

We decided that we wanted to try living a stripped down and nomadic lifestyle for a while and welcomed the freedom it promised. The lesson that I want to put forth today, is that as humans we tend to over-clutter our lives with addictions and materialism houses, cars, so forth.

Halfway through I said enough is enough and I set out to completely remove all clutter and unnecessary possessions, even small things. I just felt I had too many things that were cluttering my life and my mind; my goal was to set out to only have a suit case, a laptop, and my favorite book. People can interpret it however they want, but the core thing is to keep with you only what you absolutely need in an effort to save time, save money, remove stress, and more.

The reality is that you do not need a big office, multiple monitors and an expensive data feed to be a successful trader. Some of the best traders in the world just trade off a laptop. I personally have gone from having a big trading office with multiple monitors back to an Ultra book PC and wireless internet, sometimes I even use my iPhone for my web connection…I realized my ego and greed took over before, and these things negatively impacted my trading.

However, you might not know WHY I trade and teach this approach. Most traders lose money because they make emotional trading mistakes; this is something most all of us can agree on. Just as the materialist mentality of needing to buy more things to make us feel happy or fulfilled is a flawed mentality, so is the mentality that adding more technical indicators and analysis tools will somehow make you a better trader.

One of the big secrets to success in all areas of life and indeed even to happiness is that less is often better. Just as having less material things in my life has significantly increased my peace of mind, bank account and time spent with my family, it can also help you to become a better person and trader. I mentioned above that trader error is the main cause of losing money in the markets, not the particular trading method you use.

The point here is that MORE IS NOT BETTER! You see, as traders our trading mindset is the most important piece of the puzzle. However, the strategy or system that we use to trade with can and does have a profound effect on our trading mindset.

So, we can see that our mindset is perhaps the key to success in the markets, but because our trading strategy influences our trading mindset heavily, it too is very important. Is this really going to help me? We want to only trade with what we need …. This act alone will do a lot to calm your nerves and your mind while analyzing the markets. After you ditch the indicators you will need to learn how to trade off the raw price action of the market.

You can learn to trade in an end of day manner and fit trading in around your day job.

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Minimize the markets you trade and this will work to sharpen your focus on the handful that you like the best. I focus on the major forex currency pairs and a few other markets like oil, gold, and the Dow. People like to hoard things; they hoard possessions, money, collectables, you name it. I am telling you that you do not need to live this way. That thread consists of the fact that material items do not bring you happiness, trading success is not the result of having lots of indicators and fancy office equipment, and success is more easily attainable with a clutter-free and streamlined lifestyle.

Materialism is a real addiction, buying things satisfies some primitive urge that we need to feel secure. This is very similar to why traders get addicted and dependent on indicators, reading economic reports, trading robots, and you name it.

We tend to overlook the most obvious things in life, such as the fact that happiness is readily available for free by just spending time with loved ones, or that the raw and unobstructed price action of a market provides us with all the technical clues we need to develop an effective trading strategy. From here, you need to take the next step and decide if you are living a cluttered life, and if so, how can you de-clutter it? If you want to de-clutter your approach to trading, I suggest you checkout my price action trading course and see just how much taking a minimalist approach to your trading will improve your overall trading results.

I think we have the same personality. Honestly I am a type of person who went to a journey to find my true purpose in life. I was in the military and I resigned. After all, material things cant be brought when we are gone. This is a practicable write-up. I am glad Mike Fowope referred me to your page. I have no regret one bit. Hi Nial, The above is great!!!!! I am delighted to learn that I can apply my philosophy for life to trading. One has to be careful not to get rid of some things one needs only from time to time, like once a year, etc.

Keep It Simple Stupid K. In a nutshell, the kind of EAGLE EYES that raw price action helps a trader to developwhich is an essential ingredient to trading success are killed.

However I must confess to that I still find it difficult to abandon RSI which helps me to measure the market intensity. Hi Nial Young, established, successful and secured future, one could say and write the dreams of many, would you have written such an interesting article prior to such an admirable achievement?

Wish you the best in life, health and wealth Akeel. Could not agree more. I started 5 years ago and will be totally dept free by Christmas. I am presently trading on a dummy account. Nial, Minimalism and cleaning up the charts Thanks for this inspiring article. I have found I can focus without cross checking ten different things at once to see if they all line up. That was a very wonderful article Nial thanks so much. And I suppose it is that same mindset that causes people to over-trade and lose all their profits because they want more and more, always discontent and never satisfied with the few high probability price action setups that the market presents to them each week.

Having a minimalist approach to all aspects of life, including trading the markets, frees you from that emotional burden. Thanks Nial, great article as usual. Please help me to learn it Many thanks.

This is the best advice I have heard in a very long time! I can definitely relate to this one … in I went through some uncontrollable misfortunes and ended up at a crossroads in my life… unsure of where to turn I knew one thing was for certain I could either sit and feel sorry for myself or I could make a change.

I use my phone wifi for internet and I spend my days traveling the US and getting paid to do it. Another awesome post and very inspiring. Glad to know you. It is a very important topic you touch about minimalist, you always have unnecessary pressure of buying things that we are really need.

The topic for me is an ear opener to avoid such cluttering things which are the waste of time. The idea of suitcase, laptop and the book, for me is a going because I like travelling a lot, the guy introduce me on trading, it was my first question to ask if I will able to travel not to be in one place as security guard.

You are totally correct in everything you said. I wish you the best of the best for you and your wife. Te deseo la mejor suerte amigo. We came to Australia from NZ with a suitcase each. We topped up with some quality roadside kerb throwouts. Your article was very inspiring.

I am happily retired and debt free and now I am planning to make alternate housing arrangement for my 2 siblings. Both my children are well off on their own and now I am planning to dispose off my very big house and want to be free of material possession which is holding me back.

It is a great feeling to be clutter free and live a simple life style. One of the best articles I read. Basically free of everything.

Dear Nail, Great wisdom and very wise approach to the life in general and to the trading particularly. Great thanks for all your efforts, the more I read the more I understand and to be onset with you since my subscription to your course, my mindset become less stressful and more calm. It is truly amazingeven though still I;m struggle with trading because I;m still newbie and mostly the issue of discipline, hopefully with more great articles from you I will be better.

Have a wonderful CHRISTMAS and may GOD bless you. Completely and utterly agree. As a strict and regimented minimalist myself, I am currently incorporating this into my trading. Raw PA tells all. He or she that loves the TRUTH will love this article because it is the TRUTH.

Thanks so much Nial. Nial thank you so much for this wonderful lesson. It is true whatever is inside a person is reflected in his various actions in life. You are a good teacher because you follow what you preach.

I enjoy your writings and website so much as it is straight from your heart with honesty and love for your fellow man. You are wise and kind beyond your years.

I have learnt a lot from your blog and I feel more confident now. Please also have a look at some Buddhist teachings which I am sure you will find some resonance with your way. I read this article 6 months back, but did not understand its quality, and today i read it once again and realized Nial sir wants us to be successful not only in trading but in real life too.

I really appreciate ur support sir. Friends and family are much more important. I have never have soo much money that I can afford all that clutter, but when I will have it, I will have to try and I have to have a little, little pampering. This was just awesome. The point, clean it up and out.

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Honestly, this is a radical departure from my pre-conceived notion that a trader needs state-of -the art facilities and sophisticated trading system to be profitable. Hi Nial, I could not agree more, My own trading improved greatly when I eliminated all the crap from my charts, I only trade in direction of the trend and use candle setups for my entry signal. As far as declutering my life, that too is my goal, Thanks. Great for you, Nial!

Yes, I discovered the same truth a few years ago when I was unemployed. I totally agree, the trading mindset combined with clean charts is so important in all aspects. You have grown a lot through trading Nial. Possessing too much things, inevitably create burdens.

Freeing from things as well as our own thoughts inner chatting can make the mind fresh and strong. This leads to true happiness. Wish you for happiness and peace. And thank you for your teachings Rgds, Manjula. Disfrutar del aqui y el ahora del presente sin pensar en antes o despues en lo que tengo o tendre en ilusiones banas. Todabia me viene a la cabeza cuando compre la moto me pasaba el dia mirandola despues de mucho tiempo lo unico que deseo es que me de el viento en la cara y ver lugares sitios y gente libre y no enganchada a las tiendas de los chinos.

I had just maxed out Mastercard so I could pay Visa. Visa was maxed out because I had to make payroll for the restaurant we owned. Long story short we no longer subscribe to that lifestyle, have next to nothing in debt, savings for many rainy days and now have the freedom to do as we wish with our days. I have taken this approach to trading also with very good results….

Will be hearing from me again…. Thanks for the Great article. This is without a doubt the most important article youve written Nial. Once we are free of all the things that we truly dont need then we can give a more focussed attention on what we truly important to us.

The attainment of anything in life is not about addition but more about subtraction. With twin baby girls, the concept of decuttering is brilliant! I have started today n my office and stock market 12/24/13 hours desk now only has my laptop, my trading record book, calculator and phone. I really like your idea of being a minimalist! One thing I like about Nial is that he is truthful and realistic.

Unlike others,they are just full of crap and lies. They claimed that they became rich trading forex. I truly believe that all his articles is based on his experiences.

My anxieties have disapppeared, fears have vanished, worries no longer in my mind as my perception about life is changing. I thank GOD and also appreciate you for your words that have come to me at the right time. Thanks a lot and regards. I recently read the Tao Te Ching by Lao TSzu which is a year old chinese way of living. One of the reasons why i joined LTTM is that Nial speaks from the heart and also i beleive wears it on his sleeve Very transparent. This article is advantages of stock brokerage firms Taoism.

Thank you for sharing Nial. I was dreaming of setting a trading office with several computers and large desk. How much money does the average pro gamer make understood that a simple laptop is enough. Hope you enjoy your live jobs work from home indeed much as you can. Nial I did the same thing this summer.

Now I am completely out of debt and man it is so liberating. Box — great idea — I can live anywhere and my mailing address remains constant — having eliminated the bills I dont get much mail now anyway. I trade with pivots on some charts but other than that — naked charts.

This article really resonated with me. ENJOY YOUR NEW LIFE with your NEW WIFE!! Thanks Nial for your help I used several indicator, Macd, Stochastic, Sar, etc, etc, and lost a lot of money, I stock market economics game your instruction, now I do not use any indicator, only price action, my chart is clean, and I got back all the money and much more. This is something that I have also recently been striving for in my life.

Hi Nial I believe that one day I will be trading only price action based trading with minimalist approach regarding the indicators and other stuff. This journey has forced me and driven to simply trade daily charts and at the most four hourly charts.

I truly appreciate articles from you which provide strength as well as direction towards right approach to trading where there is nothing other than a simple system has chance to succeed.

Great artical as always Nial. Compleatly agree, I found the most stress free years of my life so far were spent when I was living out my backpack travelling and eve make money mining around the world for 2 years- liberating!

Keep up these inspiring articals. I chuckled as I read the article because I kept thinking of those I know who hoard untold amounts of what I consider to be nothing but trinkets of junk! I guess one mans junk is truly another mans treasure. But truth be told, Im not a hoarder. I regularly purge each year because I live by the rule — if you have not used it in a year, forex trading self employed rid of it! Well done Nial, I think what your teaching here is calgary stock market training and how it relates to trading.

Trading is just like life. The ups and downs. The wins and losses. Also the complicated and uncomplicated. Trading has given me more then money. Its changed my life spiritually. Trading teaches me about life and takes me on journeys that I will never forget. Thanks Nail your more then a person who teaches trading. A very wise article Nial. Recently I too have noticed that the pursuit of more and more tends to make people nuts, whereas, as you say, the minimalist tend to be a lot happier and more importantly, free!

This article is a great reminder I must streamline my operation,thanx 4 the truth in print Nial!!!!!! Great post as usual. But this one really hit me hard. Consumerism and materialism is somewhat one of my purpose to trade. Everything I have learnt i took it from this website. And the minimalist approach to trading and life is the best way. Nail, you are absolutely right. Your minimalism theory agrees with an ancient book of phillipian 1: Thanks have a great day. A very inspiring article, Nial.

As one of the people who posted earl. As one of the people who posted earlier said, remember to give out your extras to someone who needs them. Super article, Nial… So many great comments have already covered what I could say or add… Appreciate the effort you give to teaching all who would take notice of these timely lessons… Enjoy the day…. I used to live in luxury family house in Tokyo for 6 years.

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I was constantly doing something at home in a effort to clean, improve, make living in my luxury home more comfortable. Looking back, I was a slave to that house. It is amazing to notice new york stock exchange closing bell ceremony free I feel now by not having to cater to the needs of my previous residence.

Book learning binary options ebook pdf bought brand new hybrid car and am constantly amazed demo forex account malaysia how much money on gas and maintenance and more importantly my own time was I able to reclaim. Last but not least, money does buy happiness.

At least forex trading self employed a certain degree… Happiness is not owning a big house or driving an expensive car. Happiness is not having to answer to boss or not having to go to work Working and creating values is important and having money to quit your job today and do something more fulfilling is equally important Happiness is having security that if you get sick today, you may fly to best clinic in the world for treatment or security that I can send my kids to best collage.

Money os important more more than that your time is important. More time and money you save and invest the richer you become. Keeping with the Joneses is a trap!

Joneses are in debt up to their eyeballs. Nail,this is a new religion. Maximalism how to get tons of money on nintendogs the bane of the most of the political leaders especially in the developing world. They steal millions of dollars from the public fund just for themselves. I wish our leaders take a leaf from this philosophy of minimalism and there will not be a poor man in any country.

PERMITTED I will want to publish this article in a Nigerian journal. This is a great philosophy NIAL and tnx. I also went through what you did. After months of trials and error I just go back to basic and trade with price action, and it just worked. It is great to know there are other traders that believe in this rather than fancy system and indicators.

Seriously guys, trading by price action makes a lot more sense than trading by indicator. The simple the better: I will share this article with my friends: Thanks Nails, just how I workone note book, live in Phitsanulok Thailand or Perth West Australia, my only other possession is the car, the only thing different is possibly you have more wins, than me. Great write up, enjoyed the read. Great article Nial and best of luck with part time jobs in bangalore without investment from home based move.

It takes a strong and mature mind to realise that the things around you possessions start to own you and not the other way around. I personally find it is a yo-yo battle with the minimalist mindset and lifestyle. Hopefully one day I make money wordpress multisite have the gold correlation forex to stick with it.

Hi dear It is the real fact that we have a lto of unneeded things in our daily life so to be organized you have to have a useful things as we like to be a PRO-treader. Nial, your plan is fantastic, actually I started trading to achieve freedom semi automated forex trading travel for a while myself!

Enjoy your new life and all the benefits to it. Each day I practice yoga and have now for 17 years which brings both the mind body and the breath here now into the present today being a gift. Day one of my practice I asked my yoga teacher how much should I do?

This balance has been reflected into my trading to keep my process simple using price action. Todays lesson is confirmation with continuing to maintain a minimal approach through discipline.

Great article,Iam picking interest in forex trading. I will like to learn more and become expert. In my own version of it, I am not going to forget giving away some of those clutter to people who may need them. Hi Nial, Very much effective lesson it is for sure, now i think, you trading course is developing my personal life also… thanks.

Very nice Nial, this article just made clear what I really need in my life and trading. One positive result of this depression is it has retrained many into doing with less and discovering that instead of feeling deprived, one feels calmer and happier.

I agree with everything you said. All the best with your plans to be nomadic. Buy birkenstock clogs cheap Nial, this article is excellent and shows how much you are moving forward. Therefore it deserves all the nice comments here.

I wish you really well in your efforts and thank you for your changes. We are all connected and you are helping all of us. I consider trading as my ultimate path to personal improvement and money is just a pleasant side-effect. Recently, I closed a relationship and moved across country. In the end, everything I owned, needed and wanted easily fit into a five-by-eight foot do-it-yourself moving trailer with room to spare!

Less is often better. I think the same. Good reflection to change for a better trade and life. I like what you write. I yearn for a clean-out, however, others around me like to hoard.

I wont say thanks Nial for this article, I am thinking about nomadic style of living for few months too and it is one of the main motivations that pushes me forward in this nice bussines. D has similiar approach about these things: However, I should thank him for everything else that he teached me via these great free articles and in his members section.

After I lost my business, I sold my home and all my nonessential possessions. Nial, you speak wonderful words of wisdom. If you decide to travel to Vietnam,especially in Hanoi, I will become your free tour guide. Thanks for your honest article. Good luck with your minimalist endeavor.

Hi Nial, good article, yeah when we are born we are naked and when we die we are naked,we have worries and desires then we have headachs…. Good article Niall and something I did a few years ago. I also got rid of junk, sold up, got myself just a simple laptop for trading, stock market quoted now I live in Thailand.

My goal was to live a simpler life somewhere warm where I could wear t-shirts and shorts every day, not worry about the desk job, office politics, etc. Hell, anywhere is at most only a days flight away! I am very impressed by your teaching and you have develop a very deep person at such a young age.

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I guess this kind of teaching is very rare and I am very happy to have found your website, sadly a bit late. I wished I have found your site much earlier. You have change my trading lifestyle, renew my objective in life. Btw, is that your office picture up there and your dog? You are to be commended for what you did. Happiness in enjoying life to the fullest and spending more time with your family is worth more than a basement full of gold.

I thoroughly loved the country, the people and their common sense approach to properly balancing a full life and success to boot. I have started jp associates share price nse de-clutter my life and charts as well, interesting that this article link arrived in my inbox at around the same time.

Thanks for sharing this article. Wishing you health and happiness in your new lifestyle. This is a fantastic article. Everything said in this article is true. I have been practicing this lifes style and many things have changed positively in my life. Great for you and I hope than other people get this proposal.

I have been considering selling my house so I can focus more on student debt. A house is just a money monster that eats all my money on repairs, taxes,etc. Nice to hear that someone else has similar experience. This ties in well with Forex. Keep sharing experiences and strategies. A humble and love approach in life is the key for the soul to a better understanding why are we on this earth — and that is not only to make money but to seek the will of GOD in ours and for our loved onesand in so doing also impact on others lives.

Change your mindset for sure. It leaves minimal time and money for other more important things. You are spot on with this. An amazing lesson and approach to life and trading. So very true, everything you wrote here.

You are a wise man and a very talented writer, and you always give such good advice and inspiration. I love to read your articles. Thank you so much for sending them to my mailbox. Enjoy the coming weekend. It gives 9 steps to transforming your relationship with money and achieving financial independence. It will show you how to get out of debt and develop savings, re-order material priorities and resolve conflicts between values and lifestyle, just as Nial is doing with his life.

As you say a simplistic approach to trading should be a mirror of the same approach to life. The mantraas you rightly said, is clarity and conviction in mind which can only come following what you mentioned De-cluttering very impressively.

Materialism is no source of happiness.

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Good luck traveling your new path, I hope you and your family have some great adventures. Awesome article, love it. PS I did not think there were so many people out there thinking the same, just great to hear All the best Regards Neil Eastway.

How can anyone as young as Nial have such profound thoughts. I so look forward to reading his articles each week.

You taught me how to live a beautiful life, if we follow this in our all activities, nothing is needed more, even a poor becomes a disciplined person. Everything in my life I try to keep to a minimum, keeping that materialistic and idealogical clutter out of your mind is vital to peace of mind.

I had a serious car accident on Monday, car was written of from getting T-Boned and feel that it happened for a reason. Get the car out of your life, keep away from the roads that demand so much mental and emotional energy.

Thanks so much for an amazing piece of insight ….

By the way all occupants walked away without a scratch. Thank you Nial for sharing your private information. This is what i have practiced quite well in life. Price action is what is happening now, and that is all one needs to learn. I have tried this in several aspects of my life and business operations.

I enjoy your strategies and philosophies especially; KEEP IT SIMPLE STUPID. Hello Neil, I just want you to know that one of my greatest goal is my family get to see you face to face. Your life has changed my life. Let me explain just a bit: I have been trading for 4 years now; with lots of ups and downs with the downs more than the ups! Now, here is why: I no longer stay glued to my PC all day and no longer spending much in my trading environment buying expensive laptops,tables, accessories etcthat eventually get me into dept.

In essence, I now realise the ample time i have because of your lessons and can now move my life forward. I adopt this way of thinking since I started to work. IT IS SAID THAT WEALTH GIVES YOU THE FREEDOM NOT TO CLUTTER YOUR LIFE. AND THATS REAL FREEDOM IN MY BOOK. I have removed all my multply screens. Nial I think that you have made a great move.

If you want to know what real happiness is just watch children playing with nothing more than their imagination. Good one Nial keep up the good work and may God bless you for having the brilliant mind that you have. As a professional Project Manager and aspiring forex trader with family and clutter this is what I want from life.

There is too much unnecessary stuff that diffuses my focus from life and trading. I hope to meet you when I come to australia. Hi Nial, Interesting to read your very inspiring article. It shows your maturity well beyond your young age. I have always liked your style of trading but i wonder how you fit in big boys stop hunting practices during London market opening times.

Do you keep wide stops or do you not trade atall as it is pretty chotic during LONDON opening for beginners like me? Do you factor in stop hunting avoiding techniqes in your course or do you stay away during first hour?. Your thoughts and inputs please time permitting. A beautiful article Nial.

I grow vegetables, keep hens and live in a very de-cluttered, but homely home. My books have been minimised, I only keep a few clothes, just replacing as and when. I have just 1 moving average on my chart and nothing else.

And my trading has come on in ways i never thought possible a mere 6 months ago. BUT it is NEVER TOO LATE. Their thoughts and efforts are so bent on the objectives that they often forget it may be necessary to make certain fundamental changes within themselves to reach the goal they have set. It is difficult to run uphill with downhill thoughts, emotions and habits. Your thoughts should be appropriate for the direction in which you want to go.

Start at being a good person, and good things will be added unto you. Great article, as far as I am concerned you have hit the nail on the head! I have a great price action system but I try to get involved too much and so keep on making mistakes. What you say is so true and a confirmation of and an inspiration for the way I want to trade.

Thanks for sharing what is going on in your life that was just as inspiring as the part about trading. This is the best post you have ever written!. I just printed this. Am reading over and over again. Your email address will not be published. Notify me of follow-up comments by email. Notify me of new posts by email.

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Conclusion People like to hoard things; they hoard possessions, money, collectables, you name it. Good trading, Nial Fuller. Related Trading Lessons A Simple Plan To Dramatically Improve Your Trading K. Now I want to hear from you! May 19, at April 13, at March 18, at November 28, at 7: February 20, at 5: February 3, at 5: December 15, at 7: December 9, at 5: December 3, at 8: October 29, at October 23, at 7: October 2, at Joseph Seyle Straub says: August 15, at August 15, at 8: August 11, at June 29, at 4: June 3, at April 30, at 7: April 27, at 3: March 28, at 5: March 22, at 3: March 16, at 5: March 15, at 4: February 4, at January 11, at 2: December 30, at November 7, at September 3, at 3: August 31, at 3: August 12, at May 29, at 6: April 7, at 9: February 17, at 3: February 15, at 3: January 26, at 4: December 21, at 2: December 18, at 7: October 3, at 1: September 3, at September 2, at 1: September 1, at 6: August 16, at 5: August 7, at 6: May 27, at 5: July 21, at 1: July 10, at July 9, at July 2, at 9: June 25, at 8: June 25, at 3: May 20, at April 26, at 4: February 11, at 3: December 31, at 7: Gordy Caverly - US says: December 26, at December 13, at 4: Grant from Brisbane says: December 2, at Dennis from Orlando says: November 30, at 2: November 28, at 9: November 27, at 2: November 26, at 4: November 26, at 3: November 26, at 2: November 10, at November 7, at 6: November 1, at October 30, at 8: October 29, at 2: Nyaenya Daniel Kenya says: October 26, at 5: October 25, at October 24, at 8: October 24, at 1: October 24, at October 23, at 8: October 23, at 4: October 23, at October 23, at 1: October 22, at 1: October 22, at October 22, at 9: October 22, at 8: October 22, at 3: October 22, at 2: October 21, at October 21, at 6: October 21, at 5: The Big A says: October 21, at 3: October 21, at 8: October 21, at 7: October 21, at 1: October 20, at October 20, at 7: October 20, at 6: October 20, at 4: October 20, at 2: October 20, at 1: October 20, at 9: October 20, at 5: October 20, at 3: October 19, at October 19, at 9: Steve South Africa says: October 19, at 8: Tariq Farooq Babar says: October 19, at 7: October 19, at 6: October 19, at 5: Leave a Comment Cancel reply Your email address will not be published.

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