Haley Williams was sitting at the public library in Jersey City, New Jersey. Poor, lost, and desperately looking for ways to afford a better life. She looks back at the moment when she opened a book that helped transform her from a newly retired, demoralized woman to a successful Forex trader.
It was the week before Christmas in 2012, she had just turned 65 years old and was newly retired.
“Finally my work days were over with and now I could do all the things I had been wanting to do for a very long time and never seemed to have time to do”, Williams says. But she soon realized she was running through her savings and her pension was just paying her bills, never mind anything extra. “On top of that I was bored … bored stiff. This is the golden years I kept hearing about?” Williams asks. “This was not what I expected or wanted.”
To that end, she found in the library, inspirational and helpful books. But her saving grace turned out to be a currency market trading book: “How to Make a Living Trading The Foreign Exchange, by Courtney Smith”, the manual was insightful at what a life of Forex trading could look like. Covering failures and successes alike, sounded like a real challenge compared to Haley’s boring and routine life.
“I was at a point in my life where I had no clue how to get out of the boring routines I had created”, says Williams. “I thought, this sounds freaking awesome and I want to make money now.”
And she did. Williams used her own hustle and Courtney Smith’s tips to build a live trading account that currently generates more than $12,500 per month. The online trading market enables her to work from wherever the internet is, and she has recently bought a house in Florida where she stays in the winter. But she didn’t get there overnight.
Years of Failure Before Profitable Earnings on a monthly basis
It took Williams years of false starts and experimentation before she finally hit upon a day trading strategy that was profitable and sustainable.
As Haley was browsing the internet, she ran across an ad for forexlive trading. It promised her wealth, health and happiness forever… well wealth anyway. She left her email and soon after a broker contacted her, set her up with a demo account and took her through the basics of their trading platform. He invited her to try it for a couple of days and he would get back to her. He assured her the demo is the live foreign currency market on the platform, and the actual online currency market where she would be trading the news on a daily basis.
“I managed to make $5,000 in three days and I was hooked”, Williams says. She deposited $2,000 in a real account and began to trade the news. She makes modest trades at first and with her constant winning she increases the lot size. “In a two week period some time down the road I made $10,000 in two weeks”, she said smiling. “I couldn’t put a bad trade in if I tried.”
If she was not making from $500 – $800 a day, she had a bad day. Her mind raced, adding up how much a year she could make if she kept herself in control … $2,000 – $5,000 a month seemed so attainable and easy to get. A nice addition to her meager pension and for once she could live the way she always dreamed.
The disaster and struggle on the way
She continues to add to her account growing it to around $20,000. Then something went completely wrong. It seemed no matter what trade she put in, immediately after the market went against her. “It was hurtful”, Williams says. “It ate up all I had accumulated and was now eating into my meager savings in the hope that all I needed was a couple of good trades and I could regain what I had lost.” Soon the hope dwindled down to just breaking even with what she put in and not losing the account that was there and breaking even with the trades already in a loss position. “Sheer panic sets in, I couldn’t think clearly”, Williams says, “I made every mistake a rookie trader makes, increasing lot sizes to out trade the losing trades and much more.” Eventually she loses her account. “I was broke .. except for the $3.26 USD left in my account. I can’t forget what and how I felt”.
“I was desperate, I could not even sleep”, Williams says. “Envisioning being homeless, now I was broke and heavily in debt.” All the mistakes made Williams take education more seriously. She takes courses and reads everything she can on forexlive trading. Something she is embarrassed to admit she should have done before she jumped in with both feet. “I read about scam brokers and how they sucked you in, which sounded so familiar to my own experience”, Williams says. “I learned how to read charts, the language of the candles, how to check if a broker is registered with a regulator and what I could expect in the way of protection from an unscrupulous broker.”
Jump forward, in time, Haley had filed a complaint with the regulators against her broker and recovered all of her money back as this was a broker that “churned” the trades to scam unsuspecting and naive people like her. “Did it stop me?”, Williams asks, and continues, “Not a chance!”
Throughout all of this Haley read everything she could get her hands on, took a few webinars on various trading strategies, how indicators work like the MacD and how to use them properly, skipping down the road of profitable trading … as the saying goes, google is your friend and so is youtube. She joined several trading finance clubs that had people from Malaysia to the UK to Saudi Arabia all giving their perspective on what is hot to trade that day and learned to trade the news from around the world.
“I learned that people are the same all over the globe, everyone is just trying to earn a little more a month to ease their living status, provide a good living for their families, or to enjoy the finer things in life.”
From completely broke – to a wealthy, profitable trader
Well Haley can now call herself a true profitable trader, a day trader that earns money consistently. She can run with the big dogs, as her earnings have given her a profit of $150,000/year and she is well on her way to increasing this substantially. She thinks back to that “worker bee” who never lifted her head up, hanging on to a small pension and being so wise in spending money, saving every penny. She says “you have to lift your head up and look for the sun and then aim for it. You have to let go of all the things we were taught that actually hold us back, and take a chance, learn more, find your courage. I decided along this journey that I can learn to trade, and I will live the life I always wanted. I just had to let go and travel the adventure.”
A new and better life
Now Haley travels the world, and trades along the way. She has been busy and says a remarkable thing happens to you when you lift the weight of being a “worker bee” from your shoulders. “Profitable trading is not difficult to reach when you have found the right strategy”, she says. “You feel and look younger, you can’t wait to get up and start your day … you can’t wait to live.”
“I wanted to open myself up to new experiences. The foreign currency trading has simply changed my life”, Williams says.
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