Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Trading

WORK LIFE: MY JOURNEY INTO TRADING FOR A LIVING

Rory McCann

If you’ve ever wondered what the world of Foreign Exchange (Forex) Trading can offer you, here Rory McCann, a former miner shares his story about learning to trade the currency markets.

My trading journey began in March, 2013 whilst at home on R&R.  At the time I was working as a leading hand on the MCJV QGC export pipeline.  I was based in camps from Chinchilla to Gladstone working a FIFO roster of 28 and 9.

Rory McCann

Rory McCann

On that break I attended a two day Foreign Exchange Trading Workshop with Learn to Trade, held at their live trading floor in North Sydney. I did not have much knowledge of Forex, nor the extraordinary size of the market – $US5 trillion traded daily! I knew this was what I had been looking for- endless opportunities for an additional income stream that I could access anytime, anywhere.

When I started trading, I became over-excited and made lots of mistakes.  I saw the AUD/USD shoot up and placed a trade that had potential to make huge cash returns – but I didn’t stick to the strict risk management techniques I’d been taught at the course, and lost my entire stake instead.

Since then I’ve learnt I have to be disciplined, follow the risk management rules and a trading strategy that works for me.  This year I was invited to the launch of a new charting software package, SmartCharts. This innovative software has turned trading on its head for me. I previously spent pain-staking hours looking over possible trade set-ups and there was always room for calculation errors and missed opportunities. Now, I simply nominate the top ‘flashing choices’ that have shown all the right signals for being potentially good trades, I check the sets ups are indeed good and then take the trade by hitting the BUY or SELL signal suggested.  These are entry, exit and stop-loss levels that I can double check and of course adjust later as the trade unfolds within the risk and strategy rules I’ve learnt.  Then I sit back and wait for pending orders to trigger! My profits took off straight away and I was able to take twice as many trades and double the profit!  Of course I have wins and losses but with the right strategies and especially trading risk discipline it’s been working well for me.

Now, only two years into my FX trading journey I have been lucky enough to leave my job and focus on becoming a ‘full-time trader’.   I aim be at my screen trading for about 10 hours per week. I am also working alongside Learn to Trade to reach-out to other miners who may also be looking for an interesting new money making skill.  My lifestyle now allows more time to do the things I enjoy, spending time with my family and reaping the benefits of working from home.

For anyone looking to try their hand at currency trading or simply looking for a secondary income now is a great time to start!  The volatility of the market is increasing and accessible tools like SmartCharts enable every day people to find and exploit those trading opportunities.

Living the good life, Rory McCann.

If you’re in interested in learning to trade currencies using risk management techniques, get in touch with Learn to Trade today for a FREE 2 hour on-site introductory workshop.

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post