Monaco no really go far sha for those wey dey dig am too much (for those wey guide o before Una come for me again)
🇲🇨 Monaco vs 🇦🇪 Dubai for the rich:
For Monaco: Freeze €500K+ in a bank (your money, but locked) and you get to live there 90+ days/yr. No income tax so that’s a plus.
Dubai: Buy AED 2M (about $550k) property (you get an appreciating asset you put up for rent and recoup your investment), get 10yr Golden Visa. You OWN an appreciating asset, ZERO days required to stay. No income tax, huge upside.
Cost of living comfortably a month is basically same or very similar, $5k - $10k a month and you can live in comfort.
Monaco makes you prove you’re rich.
Dubai lets you build richer.
I choose the UAE 🇦🇪 ✅
After my viral post, a trader sent me a DM. Which i thought would be important to get you guys opinion and advice for him cause I didn’t know what to tell him😔😔💔
He said: "I have lost 83 accounts."
At first, I thought that was the sad part.
It wasn't.
Then he said:
I have spent 5 years trying to make Forex work.
Still wasn't the sad part.
He told me about the challenges he passed.
The funded accounts he lost.
The times he thought he was finally about to change his life.
Then he said something that made me put my phone down.
"My younger brother finished school, got a job, got engaged, and is planning his future. I spent those same 5 years staring at charts." That hit me hard.
Because the money wasn't what was hurting him.
It was the feeling that life was moving forward for everyone except him.
Then he asked me a question.
A question I think every struggling trader has asked themselves at least once.
What if I'm one trade away from success?
And what if that's exactly what I've been telling myself for the last 5 years?
I didn't know how to answer.
Because some losses aren't measured in dollars.
They're measured in time.
How you feel about failure will to a very large degree define your growth and your life trajectory, in virtually every aspect of your life including trading