Share your tips

[VuleV]

Tailor the Galileo FX Robot to align with your risk tolerance and trading preferences. Adjust parameters such as lot size, risk per trade, and other settings to create a personalized strategy that suits your financial goals. Share your tips and tricks

 

[VuleV]

Trading Misconceptions that every trader suffer at the beginning is that trading is like science, and that trades should be 100 percent accurate, and that there is kind of prediction with 100 percent certainty is possible, but its not. What robot is doing or we as a manual traders, is that we try to make some profit, with using of indicators and relying on previous behaving of the market, and that's all

 

[VuleV]

"Rich Dad Poor Dad" by Robert Kiyosaki is a personal finance and self-help book that emphasizes the importance of financial education and the differences in mindset between the wealthy and those who struggle financially. The concept of passive income is a key theme in the book, and it's explored through the contrasting perspectives of Kiyosaki's "rich dad" and "poor dad."

1. Definition of Passive Income:In the book, passive income is defined as money earned with little to no direct effort on the part of the recipient. This income is generated through assets, investments, or business activities that require initial effort and time but can eventually generate cash flow with minimal ongoing involvement.

2. Employment vs. Passive Income:Kiyosaki compares the traditional mindset of relying solely on earned income from a job (the "poor dad" perspective) with the wealth-building approach of generating passive income (the "rich dad" perspective). The book advocates for the idea that building and acquiring assets that generate passive income is a crucial step towards financial independence.

3. Assets that Generate Passive Income:Kiyosaki emphasizes the importance of acquiring income-generating assets, such as real estate, stocks, bonds, and businesses. These assets can provide a steady stream of passive income over time. The goal is to have money working for you, rather than being solely reliant on your personal efforts to generate income.

4. Breaking the "Earned Income" Cycle:The book suggests that relying solely on earned income from a job may not lead to financial freedom. Instead, Kiyosaki encourages readers to break free from the cycle of trading time for money and to focus on building and acquiring assets that generate passive income, allowing for more financial flexibility and independence.

5. Financial Freedom through Passive Income:The ultimate goal, as presented in the book, is to achieve financial freedom by building a portfolio of income-generating assets. This allows individuals to have more control over their time and choices, as they are not solely dependent on a paycheck from traditional employment.

6. Entrepreneurial Mindset:"Rich Dad Poor Dad" promotes an entrepreneurial mindset, encouraging readers to think beyond traditional employment and consider ways to create and grow assets that can generate passive income. This mindset shift is considered essential for building wealth over the long term.

In summary, passive income, as explained in "Rich Dad Poor Dad," is about creating wealth through the acquisition and management of income-generating assets. It represents a shift away from relying solely on earned income from a job and emphasizes the importance of financial education, entrepreneurship, and building a diversified portfolio of assets

 

[Natasa]

"Rich Dad Poor Dad" by Robert Kiyosaki is a personal finance and self-help book that emphasizes the importance of financial education and the differences in mindset between the wealthy and those who struggle financially. The concept of passive income is a key theme in the book, and it's explored through the contrasting perspectives of Kiyosaki's "rich dad" and "poor dad."

1. Definition of Passive Income:In the book, passive income is defined as money earned with little to no direct effort on the part of the recipient. This income is generated through assets, investments, or business activities that require initial effort and time but can eventually generate cash flow with minimal ongoing involvement.

2. Employment vs. Passive Income:Kiyosaki compares the traditional mindset of relying solely on earned income from a job (the "poor dad" perspective) with the wealth-building approach of generating passive income (the "rich dad" perspective). The book advocates for the idea that building and acquiring assets that generate passive income is a crucial step towards financial independence.

3. Assets that Generate Passive Income:Kiyosaki emphasizes the importance of acquiring income-generating assets, such as real estate, stocks, bonds, and businesses. These assets can provide a steady stream of passive income over time. The goal is to have money working for you, rather than being solely reliant on your personal efforts to generate income.

4. Breaking the "Earned Income" Cycle:The book suggests that relying solely on earned income from a job may not lead to financial freedom. Instead, Kiyosaki encourages readers to break free from the cycle of trading time for money and to focus on building and acquiring assets that generate passive income, allowing for more financial flexibility and independence.

5. Financial Freedom through Passive Income:The ultimate goal, as presented in the book, is to achieve financial freedom by building a portfolio of income-generating assets. This allows individuals to have more control over their time and choices, as they are not solely dependent on a paycheck from traditional employment.

6. Entrepreneurial Mindset:"Rich Dad Poor Dad" promotes an entrepreneurial mindset, encouraging readers to think beyond traditional employment and consider ways to create and grow assets that can generate passive income. This mindset shift is considered essential for building wealth over the long term.

In summary, passive income, as explained in "Rich Dad Poor Dad," is about creating wealth through the acquisition and management of income-generating assets. It represents a shift away from relying solely on earned income from a job and emphasizes the importance of financial education, entrepreneurship, and building a diversified portfolio of assets

Amazing book, and it was a bestseller, lot of people read it, but a small number started to live with the rules of the financial freedom that Kiosaky explained in the book

 

[Natasa]

Trading Misconceptions that every trader suffer at the beginning is that trading is like science, and that trades should be 100 percent accurate, and that there is kind of prediction with 100 percent certainty is possible, but its not. What robot is doing or we as a manual traders, is that we try to make some profit, with using of indicators and relying on previous behaving of the market, and that's all

Get the money and run

 

[Alex Trader]

Lot of newbie traders share their opinions on the internet, and usually its not useful..in order to get some valuable insides you need to read all that you can find on the internet and then you will maybe have 30 percent of your opinion. I like to test it for my self. That is what I am always doing.

 

[Alex Trader]

Trading Misconceptions that every trader suffer at the beginning is that trading is like science, and that trades should be 100 percent accurate, and that there is kind of prediction with 100 percent certainty is possible, but its not. What robot is doing or we as a manual traders, is that we try to make some profit, with using of indicators and relying on previous behaving of the market, and that's all

That is why trading is that much attractive, there is always a mysterious part, that we try to figure it out, with mathematics with knowledge with robot or some indicators technical or fundamental...

 

[jondubrick]

Hello everyone. Want to ask everyone's opinion.

Using Galileo Pro w/o enhanced settings.....to get decent ROI per Galelios website on returns. What's a good minimum asset base to start with?

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