A big believer in the power of compounding
I started trading Forex at just the age of 22 — and hasn’t looked back since!
In a world where traditional career paths often seem limiting, the pursuit of financial freedom has become a driving force for many young professionals. Allow me to introduce you to myself, hi, I am Balram Kashyap, engineer by degree and trader by profession. I am one the introverted kinds of whose journey into the world of forex trading led me to achieve financial independence and the freedom I had always yearned for.
My story is the one I’d like to say a trio of determination, education, and discipline. Despite finding success as an engineer, I harbored greater aspirations – financial independence, control over my time, and the freedom to explore the world.
Coming from a small town in India, set in the laps of Himalayas, I have always been a traveler and I would often daydream of a life without my day filled with meetings, project deadlines, and the constant pressure to excel. Each day, I would wake up early, often feeling like I'd barely slept at all. And, like every young professional I wanted to better for myself. So, I thought to myself “My friend got a job outside India, maybe doing a master’s degree would fulfil my financial ambitions”.
And there I was, pursing M. Tech fast-forward I landed myself into the same cycle of jobs affair. Job market is competitive no doubt. But, giving up wasn’t in my destiny either. After a long day at the office, I would return home, still eager to dive into my trading view charts and analyze my set-ups. The forex market, unlike my corporate job, never slept. It was a global marketplace that offered opportunities at all hours, making it accessible for someone with a demanding daytime commitment.
Every moment of disappointment, frustration and anxiety was rather a steppingstone than a setback for me, I guess.
My decision to enter the forex market was not made lightly and the 9-to-6 grind may have been physically and mentally draining, but it was also the source of the capital. Kid you not, I started with achieving minimal profits and minimal investment to test my set-ups and strategy. Made few losses, blew few accounts, felt terrible more than few times and thus, began an intense phase of self-education. I delved into books, attended online courses, and sought guidance from experienced traders.
Surprised?
I legit sat down on my bed, pulled my reading table close and a PDF with advanced trading strategy closer and pulled an all-nighter. Next day, made a loss worth my month’s salary. And you think I would have given up or taken a break now?
Well, no. I am shameless. I gave another deposit request and started yet again. Every blue grew on me. Every profit made me dive deeper into the market. Two years into it I understood that successful forex trading required more than just technical analysis. It demanded a comprehensive understanding of economic indicators, market psychology, and meticulous risk management.
One of the fundamental lessons I learned during the phase was the importance of patience and discipline. I quickly discovered that emotions could be a trader's worst enemy. To mitigate it, I meticulously adhered to a trading plan, honed my risk management skills, and perpetually evaluated and adjusted strategies.
My key strength and motivation?
Resilience and adaptability were my key strengths. Like any trader, I experienced both winning streaks and periods of losses. However, I never allowed emotions to cloud my judgment. I wasn't afraid to alter the approach when market conditions shifted, demonstrating that adaptability is crucial to staying ahead in the ever-evolving forex market. Over time, I can proudly say dedication and persistence began to bear fruit. Remember when I blew my month’s salary? Now, I make that in a day or in a trade.
You must think ok he’s exaggerating now.
Let me tell you, while writing this blog I realized how some of you reading this would relate to every part of it. And that’s my answer to NO, I am not boasting. Trading is a method of transferring money from the impatient to the patient. And I stuck to being a patient person, have given 7 years of my life and I will continue doing so. At the age of 28, just four years into I forex trading journey, I have achieved what I had set out to do - he attained financial freedom. I accumulated wealth and, in the process, made a family of members of Price Action Trading Group.
The pursuit of financial independence doesn't always follow a linear path. Sometimes, it requires a willingness to step off the beaten track, learn from life's experiences, and embrace new opportunities, even if they don't align with conventional expectations.
Today as a I reveal my story to you, I also look back to remind myself and those of you who patiently read till the end that education, while valuable, is just one part of the equation; the rest lies in the choices we make and the dedication we bring to our aspirations.
The last years have been incredibly rewarding and upscaled myself to realize trading is a profession that has no one cheering you on and you are by yourself. And that is the truth of life.
"Life is a solitary journey, and the best companion you can have is yourself." - Ronna Wineberg
My dear family and friends, you have witnessed my late nights, my moments of excitement, and the times when the markets were less than kind. Your belief in me, even during the toughest moments, has been my anchor. You've shown incredible patience, understanding, and faith, which I can never fully repay. you've been with me through thick and thin, celebrating the highs and offering solace during the lows. Your unwavering support and patience in listening to my trading stories, whether they were tales of triumph or moments of reflection, have meant the world to me.
Trading has been more than a journey; it has been a transformation. Your patience as I pursued this dream allowed me to explore uncharted territory and discover the depths of my resilience. Your support served as a constant reminder that I wasn't alone on this path.
In the world of trading, where every decision is a calculated risk, your patience and understanding provided me with the emotional stability and confidence needed to navigate the unpredictable tides of the financial markets. Your belief in me fueled my determination to succeed.
As I continue on this trading adventure, I want you all to know that your patience, love, and unwavering support are etched into the foundation of my success. You are my rock, my source of inspiration, and my greatest motivators.
Thank you for standing by my side, for your enduring patience, and for being an integral part of my journey towards financial freedom. Together, we've proven that even in the most challenging of endeavor, the bonds of family and friendship remain unbreakable.
PS: Wondering why I’m hesitant to show my face?
Thanks to the scammers, the discussion groups are becoming a playground for them to copy and misguide beginners as well to be honest the advanced traders too.
However, as I end this, I’m happy to invite you to sip chai and enjoy parathas with me sometime!
With heartfelt gratitude,
Balram Kashyap
