What you do with the money earned?

Discussion in 'Forex - Currencies Forums' started by dariel2323, Nov 8, 2014.

  1. dariel2323

    dariel2323 Well-Known Member

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    I personally invest my money to buy or sell more or less. Usually I don't like to withdraw my money, to then spend it on unnecessary things. I withdraw my money when am bounced.
     
  2. jdroc

    jdroc Guest

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    I used to take that approach, now I like to spend it on whatever. Might as well enjoy ourself sometimes.
     
  3. BudFox

    BudFox Well-Known Member

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    I take 20% of any profits and reinvest the rest. The money taken out is useful to show that there is some tangible reward to trading but - at the same time - if you are in it for the long haul then you have to reinvest the majority of your money.
     
  4. Gelsemium

    Gelsemium Senior Investor

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    The money I earn I have it aside for holidays or something like that, an unexpected expense, I don't make that much money to invest it.
     
  5. JoshPosh

    JoshPosh Guest

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    At weeks end I usually take out 30% of my profits and reinvest the rest.
     
  6. Gelsemium

    Gelsemium Senior Investor

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    Wow, that seems some nice maths you have there Josh. What do you do with the profits and how do you reinvest?
     
  7. dianethare

    dianethare Senior Investor

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    Since times have been tough...{although the climate is changing...the sun is shining :)}...i have to say the little i have been earning i have been squeezing every single penny to set a meal on the table plus necessities around the house, am yet to start saving or investing but soon i'll be able to do so...still optimistic :)
     
  8. Peninha

    Peninha Senior Investor

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    My earnings usually are just enough to face expenses, so that's what I do and when I can I do a special program if I can afford it, nothing too much though.
     
  9. SamClemensMT

    SamClemensMT Well-Known Member

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    Regarding withdrawing funds from my forex account; I typically take enough to treat myself to a caramel macchiato at Starbucks (less than $5.00). The lion share gets reinvested. As my account grows, the types of treats I might enjoy will become more extravagant. However, they will never cost more than perhaps 0.5% of my assets under management. That's what compounding is all about.
     

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