by Steve Wolf | Jun 28, 2016 | Business, Money, Travel
It is not everyday that you really get to feel all of your hard work pay off. When I started currency trading 3 years ago, it was hard. There was a learning curve, and at times it seemed daunting and elusive to actually be successful at trading.
I really believe that when attempting anything new, there is going to be a period of time where you just suck at it. When you are a person who really likes to win, it can be difficult to attempt new things. The trick is that you simply need to accept the fact that you are a rookie, a noob, a kook or whatever and that you are not going to be killing it one month out of the gate.
Trading currencies has been a game changer for me. Coming from the sales and marketing world, investing in general seemed to be for brainiac types who were really good at numbers. I knew that I could always make money in a situation where there was something to sell, but could i have the same success as an investor, or as a FOREX Trader?
When I first found the Forex market I was vacationing in Bali Indonesia on a surf trip. On a day where there wasn’t any surf to be had, I started looking for ways to make money from a laptop…. (Watch the video, it will explain the rest so I can get on with my story)
Once I found the market and made my first couple hundred dollars before the sun came up one random morning, I was hooked! Unfortunately I never took in to consideration that in order to win at trading, you are going to take losses, and I was a guy who didn’t like to lose. I proceeded down a losing spiral of lost profits and nearly decimated my entire trading account in less then a months time.
I took a break from trading and was feeling pretty beat up by the market. Losing can really screw with you when catch a bad streak like I did. I was not prepared for the emotional turmoil that ensued. Unlike anything I had attempted before, currency trading required me do adopt a high level of emotional intelligence in order to be successful at it. So I got back up, dusted myself off, and got back to it.
I went back to the school where I had originally learned how to trade. I went through the course again with no expectations and a new willingness to learn.
The curriculum didn’t change, my perspective did. This time around, I was a lot more humble. After all I got my ass kicked. After putting in 6 months of hard work in, I starting to see some positive results in the form of substantial equity growth in my account. I was ready to take the show on the road, and see if I could really do this from anywhere in the world.
I headed down to Nicaragua with my girlfriend with 3 goals in mind:
- Propose to my girlfriend
- Surf some big waves
- Pay for the whole trip currency trading from my laptop
I scored big time. The surf was macking, and I was pretty sure my girlfriend was going to say yes to marrying me. I was just waiting for the right moment to propose. I started doing my pre-sessions & technical analysis on the market looking for some trades one morning, and then just like that, a couple trade set ups presented themselves and I pulled the trigger!
— I was sitting in a youth hostel using their shotty wifi and hoping to God that the internet did not go out before I closed my trades. With in 15 minutes of trading I managed to pull 7 scalped trades netting me $1,272.96 after commissions. —
I closed my laptop, ordered an iced coffee and just sat for 10 minutes staring at the ocean and feeling like I had just pulled off a huge victory! I soaked it up, I proved that not only could I trade, but I could do it from a shitty hostel with bad wifi in Central America. Later that evening, I asked my girlfriend to marry me and she said yes.
So I got 2 out of 3 of my goals done. Even though $1,300 was not enough to cover the entire trip, I felt like $1,300 for 15 minutes of my time was well worth taking the rest of the trip for myself and to celebrate my new engagement. Besides, the surf was macking remember!
The moral of the story is that If you put your mind to something and stick with it, you can do it. The path to success is not linear, but it follows a trend!
If you want to know more about how you can become a currency trader and make profits in the market from a lap top anywhere in the world click the logo below and find out more about the FX365 Institute!
by Steve Wolf | May 13, 2016 | Lifestyle, Travel
Bali is one of my favorite places to travel to. The first time I went back in 2010 I fell in love and it stole my heart. Since then I have been back multiple times, and I currently in the process of looking for a villa to buy so I can live between there and San Diego a couple months out of the year. I have been there so any times now that I have become somewhat of an expert on making your way there and how to avoid some of the typical tourists traps. Reading this blog will save you a couple of hours sifting through trip advisor and lonely planet. Enjoy!!
Population of Bali is about 4.1 Million with about 6 million tourists in and out each year.
Unlike most of Muslim-majority Indonesia, about 93.18% of Bali’s population adheres to Balinese Hinduism, formed as a combination of existing local beliefs and Hindu influences from mainland Southeast Asia and South Asia. Minority religions include Islam, Christianity, and Buddhism.
Balinese and Indonesian are the most widely spoken languages in Bali, and like most Indonesians, the vast majority of Balinese people are bilingual or trilingual. There are several indigenous Balinese languages, but most Balinese can also use the most widely spoken option: modern common Balinese
Currency – Indonesian Rupiah
English is a common third language (and the primary foreign language) of many Balinese, owing to the requirements of the large tourism industry. Staff working in Bali’s tourist centers are often, by necessity, multilingual to some degree, speaking as many as 8 or 9 different languages to an often surprising level of competence.
Bali is famous for many forms of art, including painting, sculpture, woodcarving, handcrafts, and performing arts. Balinese gamelan music is highly developed and varied. The dances portray stories from Hindu epics such as the Ramayana. Famous Balinese dances include pendet, legong, baris, topeng, barong, and kecak (the monkey dance).
If you are thinking about planning a trip to go there, I have put a guide together to help you out
Flights to Bali
You can find flights from the US ranging from about $650-$1400 round trip for a standard economy ticket.
If you’re a surfer.
Bringing surfboards boards can make or break your travel budget. YOU MUST CHECK TRAVEL AND BAGGAGE RESTRICTIONS on all airlines. For example. China Air charges $100 per board each way when EVA air will charge $100 for a board bag (up to 2 boards) each way. You can find a really cheap ticket and end up paying $400 to get your boards to and from, so make sure you check before you buy.
Also, I have simply bought a surfboard when I got to Bali and sold it when I left, you lose about $100-$150 on the resale of the board, but it usually ends up being a wash.
I have included a short list of all the popular places that people usually stay. If the name of the city is not on the list below, don’t stay there. For a group of 4+ people of mixed surfers and non-surfers, I suggest Canggu or Seminyak through Airbnb. Should be about $150-250 for a 3-5 bedroom place. Uluwatu is cool to stay at but there isn’t much to do on that side of the island exact go surfing.
Here is the break down:
- Seminyak – Cool, lots of shopping nice area, not crazy like Kuta
- Kuta – Mother fucking shit show if you like to party. Never Quiet, farthest from traditional bali, lots of drunk Australians
- Canggu – Quiet, and where all the hipsters hang out.
- Uluwatu – Surf Surf Surf, not much else to do
- Ubud – Lots of Yoga, far from the beach.
MONEY – If you don’t have your capital one account yet, get it TODAY to make sure your card gets here in time!
One thing that you will need on your trip is access to $. I use a capital one account that charges no ATM or international fees and the best part about it is that if you use this link to sign up for the account, then you even get a $20 bonus just for opening it up.
The checking account has no FEES, No minimum balances, no gotchas or any other bullshit, it is my GO TO travel fund that I have used for years. So everyone reading this please follow this link, open an account with enough time before your trip to make sure you get your Debit/ATM card before you leave.
I’ve got it figured out to where you can pull money out of an ATM in Bali getting NO FEES ON EITHER SIDE!!!!
- Make sure to bring Money for the ride the ride to and from the airports.
- Keep roughly $150-$300 cash USD for the trip
Here is what you can expect to be spending daily and what things cost.
- Scooter rental $4-$7 per day
- 1 hour massage $5
- Breakfast $3-$5
- Lunch $3-$5
- Dinner $5-$8
- Pre Paid Sim for Cell phone including internet $15 then about $10 per week ($35 for the whole trip)
- Water – $3 per day
- Gas for scooter every couple of days ($8)
- Then incidentals, but you should plan for about $30 a day tops!
I take out a travel insurance policy anytime I leave the country. I have ended up making a claim on it about 50% of the time. Travel insurance covers everything from Broken Boards, Smashed or Stolen Go-Pro to lost and delayed baggage and trip cancellation and or Medical expenses. Some people think their credit card covers this shit but it doesn’t. On average a travel insurance policy for a trip that we are taking is going to run you about $80-$120 and is worth EVERY FUCKING PENNY!
I usually go directly to my local AAA office and do it there, however if you are not a AAA member, here is the company I have used and they are solid and have paid out all the claims when I made them http://www.allianztravelinsurance.com/
For your convenience, I have included my packing list I use for Indo trips, this will cut down on you bringing a bunch of extras stuff and ensure that you have all of your really important items. (Click link to download the excel spreadsheet)
Cell Phones and Calling Home
You can get a cheapo phone in Bali to use to make calls locally or you can do what I do and get and “Unlocked” phone and buy a pre-paid sim card for it. Usually your best bet is to get an old iPhone, like a 5 or 5s (around $100) and just use it there. They are really convenient to have because you can get internet on them and use Google maps feature for turn by turn directions while you are navigating around on your scooter. Just makes sure that it is unlocked and you are good to go.
Otherwise you will be using Skype to make phone calls home, so if you don’t have an account, set one up and put $10 worth of credit on the account. Thats all you will need to call home, unless of course you have Mac or what to use FaceTime from your iPhone which is free with Wifi.
Here is a breakdown of the time changes so you can make calls.
Ok thats all you need to know. Your welcome as a bonus, I threw in the surf guide.