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Why you should learn to trade (and just how easy it is)

It's 11am and Clive Arneil is done with work for the day.

Why you should learn to trade (and just how easy it is)
Clive Arneil, trading expert.

”Time for lunch!” he exclaims. ”And after that I'll probably go horseback-riding with my wife.”

In other words, it's just a normal day for Clive.

”I don't feel like I've been to work in 35 years,” he confesses. ”I just work a couple of hours each day, and when you love doing something, it isn't work.”

It may sound like the tale of a modern-day Gatsby – but Clive’s story is very real, and he's very devoted to helping others find the same success.

”Trading is a great opportunity to create an income, whether that is secondary or primary,” Clive explains. ”It’s exciting, and armed with the correct tools it can be very lucrative.”

Clive’s job is to give newcomers those tools. With 25 years of experience brokering deals on behalf of some of the world's largest banks, he's shown time and time again that he knows what he's doing.

”Hundreds of millions of dollars would pass through my hands daily,” he says. ”I retired from trading in the professional arena in 2004, and I have been trading privately and training people all over the world ever since.”

Clive is key speaker at Learn to Trade, a foreign exchange trade coaching company which offers free workshops and professional training. With upcoming workshops in Berlin, Frankfurt, Copenhagen, Oslo, Stockholm, Gothenburg and other European cities, Clive notes that trading is a great option for expats looking to earn an additional income.

”Frankly, expat or not it doesn't really matter where you live,” he says. ”That's the beauty of this market – it's a global marketplace and you can trade 24 hours, 5 days a week, whenever it suits you.”

But what are the risks?

”Well if you don't know what you're doing, the risks are quite big,” Clive admits. ”But if you do know what you're doing, there's not much risk at all.”

Clive doesn't believe in ”go big or go home”. You can go however small you want, he says – and still create significant returns on your investment.

”You don't have to risk a lot,” says Clive.

“Let’s say you have one thousand dollars in your account. You can trade properly and risk as little as just ten dollars. The worst that can happen is that you lose ten dollars,” he explains.

”If you know how to manage your risk and compound your returns it's almost impossible to lose your investment.”

They key is to learn from someone who knows how. Sure, you could read all the Google search results about Forex trading – but that can't compare to having an actual mentor, Clive says.

”It's like learning to swim,” he explains.

”You could read a book about it, and know exactly how you're supposed to wave your arms and kick your feet – but would you then go jump on your own into 15 feet of water? You can't replace the value of hands-on guidance.”

Driving, he says, is another good example. You don't have to know all the details of how a car actually works in order to be a good driver. What you do need is to be taught by a comptetent instructor.

”It's 80 percent confidence.  It's the same with trading. An active trader knows exactly what a newbie will go through, so they can guide them. Confidence is a characteristic everyone struggles with at some point, but it can be best achieved with a mentor. And confidence is a key factor of your success.”

And as for Clive – well, he's a trader for life.

”Trading is fun, lucrative, lifestyle changing and liberating,” he says. ”I just cannot see the day when I won't want to do it.”

Interested in a free two-hour workshop? Book online

25th August – Stockholm
7th September – Gothenburg
8th September – Malmö
10th September – Stockholm

This article was produced by The Local and sponsored by Learn to Trade.

 

TAXES

Hassle-free tax preparation for Americans in Germany

If you dread filing your US expat taxes each year, you are not alone. But Greenback Expat Tax Services can prepare your taxes efficiently, accurately and at a fair and honest price with no hassle guaranteed.

Hassle-free tax preparation for Americans in Germany

Company name: Greenback Expat Tax Services

Name of Interviewee: David McKeegan, owner

What inspired you to start the company?
My wife and I are expats ourselves, and spent many frustrating years abroad trying to prepare our own taxes. Our US accountants weren’t experienced in expat taxes, the big four accounting firms were too expensive and using tax software wasn’t an option. So we decided to create the kind of company we were searching for.

What was most important to you when creating the company?
We wanted the most experienced expat CPAs and IRS Enrolled Agents so our clients would get the very best tax preparation and save the most money possible. And we were committed to flat-free pricing—what we quote is what you pay. Nothing is more frustrating than surprise fees at the end!

What was your greatest challenge?
At first, customers were really nervous about the idea of not sitting down face to face with their accountant to do their taxes. When we first started out in 2009, people weren't as comfortable with communicating virtually. But over time this challenge has become a strength; working with clients virtually means we keep our costs down (and pass those cost savings onto the client) as well as hiring the best accountants from all over the US. Now our clients are really comfortable with (and happy) to talk with their accountants via email, Skype, and phone.

What is the nicest thing a customer has said about your company?
We get a lot of wonderful compliments from our clients, but I particularly liked this review because it highlights the high level of customer service we strive to provide:  “Greenback Expat Tax Services has provided a fantastic service. From my initial contact to submitting my taxes, my accountant made the whole process painless. Best of all, this was done at an incredibly reasonable price. I am now a Greenback client for life and will happily refer any other expats to their service. Thank you Greenback!“– Tara V.

Who do you help?
We help Americans living in Germany and around the world. From employees and contractors to retirees and property investors – we help them all.

Is the process complicated?
No! It’s simple. You work one-on-one with your accountant, uploading necessary documents through our secure online portal and communicate via email, phone or Skype—it’s all very convenient for the client.

How long does it take to get a return prepared?
Returns are completed within one week of Greenback receiving all the tax documents.

What if someone is behind on their tax filings?
We can definitely help. Our accountants are highly experienced in helping Americans who get caught up on their US tax obligations. We can file back taxes, as well as help prepare the necessary returns and forms if the client chooses to enter one of the IRS amnesty programs for delinquent filers.

If I contact your company, will your staff be able to speak with me in English?
Yes. You can call our US Toll Free number at 1-888-362-5032 from 9am to 5pm EST. If you leave us a message during our off-hours we will respond to you within one business day.