How is it going everyone? This post will be about Seed Capital. Not exactly in the business start up sense, but more for my Forex career.
Over the past 2 years, I have been trading with my own money. Back then, I only have a few thousand dollars to trade with. I may not have shared this with my readers, but I started trading Forex with my very own $2,000. Being relatively new to this market, I was overwhelmed by my own emotions. This has eventually resulted in the loss of my own capital. While I was quite heart broken, I felt that was what I deserved, for being emotional, for not sticking to my own trading plan.
For new traders out there, start small. Because it's quite certain that you will lose your money. It's the first time you trade, and all the emotions will come haunting you. To be honest, it takes quite some time for traders to get used to the ebb and flow of the market. How many accounts you will bust before becoming successful all depends on you, the trader. If you are willing to learn, you may work out with your virgin account. If you aren't, you are going to bust as many as you can until you learn, sadly speaking.
After which, I created a new Forex Trading Account with my existing broker in Australia. This time round, I funded this existing account with another $4,000 of mine. Personally, I do not have a lot of savings to begin with, hence I was very determined to make the best of what I invest and not screw up my trading career. As lucky as I can get, just after a week of depositing the money into my account, my father has offered to give me 30 grand to trade. I appreciate his generosity as well as faith in me in trading.
In time to come, I hope that I can achieve my financial dreams with the seed money my dad has offered to me. While I understand that not all are as lucky as I am, I would like to be a part of budding entrepreneurs' business plan.
Here's a shoutout to entrepreneurs out there, if you are keen in starting your own business, please feel free to drop me a message. I would be more than happy to review your business plan and invest in you! I guess you could call this pass it forward, but I do sincerely encourage entrepreneurship, and the best way which I can do so would be providing seed capital to you, just like how my father did to me.
Signing off guys!