Female Disruptors: Gagan Sodhi of MT5 Trade Ready On The Three Things You Need To Shake Up Your Industry

• admin
• 26 March 2024
• 18 min read

Written by: Authority Magazine In essence, whether it’s pain, a smile, or happiness, before sharing it with anyone, we must fill our own cup with it. Only when our cup overflows can it be given to others. This philosophy guides my beliefs and actions, inspiring me to serve humanity even more. Whether through financial assistance, being there for others in times of need, or simply offering a smile or kindness, I strive to fill my cup and give back. As a part of our series about women who are shaking things up in their industry, we had the pleasure of interviewing Gagan Sodhi. Gagan Sodhi is an Australian entrepreneur, is the visionary founder behind the innovative MT5 Simulator AND MT5 Trade Ready. Known for her relentless work ethic and commitment to excellence, Gagan is filling critical gaps within the trading industry. Her creation, the MT5 Simulator, revolutionized how traders learn and practice by using historical data. She’s launching MT5 Trade Ready in 2024, a tool designed to help traders refine their skills while reducing over-trading and risk. With a background that spans over a decade in educational management and six years in trading, Gagan is a dynamic problem solver. Her ventures reflect a deep commitment to setting new standards of success and quality in every arena she enters.   Thank you so much for doing this with us! Before we dig in, our readers would like to get to know you a bit more. Can you tell us a bit about your “backstory”? What led you to this particular career path? My journey wasn’t preplanned; it unfolded organically. An IT degree emerged not from a pursuit of work but from a cultural emphasis on education and my personal interest in learning. My mum’s side of the family had moved to Canada before I was born. But my dad’s side stayed with my brother and my mum in India. In those days the culture around me didn’t require me to have a job or work. My main role as a young woman was to study, obtain a degree, and marry and nothing was planned after that. Because that was a stereotypical life for a woman in my area. Fast forward to 2006, Australia was the new chapter in my life. After I got married a transition from a house with servants to personally taking care of household duties was a culture shock. Australia was very different from my lifestyle back in India. In moments of doubt of living this new lifestyle, my husband was always a great support. This new chapter hit hard as we compared our lives in Australia to the comfort of our parents’ homes back there. The terms of house rent and mortgage were quite new to me as well as to my husband. Also having to wash your own dishes and clothes made me appreciate the houseworkers in India. Who has been a part of my husband’s house before he was even born. Also, paying the rent made me appreciate our ancestors who have given lands and houses to us without having to pay rent or mortgage. Having to buy basic foods such as milk and flour was such a hassle for us as we weren’t used to having to pay for our own food. Since it all came from our farms. When we first arrived, we rented a house and lived carefree, not realizing that money would eventually run out. As funds dwindled, I took on a job, but we continued living as if there was no need to worry about expenses or to downsize our lifestyle. It wasn’t until we hit financial constraints, that reality struck. Studying alongside household duties was overwhelming, making me question, “What am I supposed to do with these dirty clothes? Bills after bills, and more bills.” The shift in lifestyle was too much to handle as it made my husband ask at one stage if we should go back since we still had enough left to book tickets. In a tight spot, I considered giving away a bracelet that I received from my mum to buy the train tickets to go home with my husband. The urgency of the situation was evident when the money-lending shop owner warned me that he’d keep it if I couldn’t retrieve it within a few days. Fortunately, I managed to arrange the funds in time. A sense of responsibility started to come in when we decided that we wouldn’t ask for money from our parents anymore. By god’s grace, things started turning around and for the next decade, I donned various managerial hats within the Australian education sector, where my passion fueled the guidance of students and educators toward academic excellence. Simultaneously, the trading industry beckoned, unveiling a lack of learning tools, particularly within the realm of MT5. This observation ignited the spark to create innovative solutions, like the MT5 Simulator. The MT5 Simulator now has users in more than 90 countries across the globe. In my quest for knowledge, apart from business courses in Australia where I have paid about $45k+, I have further invested nearly $50k+ in studying forex and trading, immersing myself in courses facilitated by notable figures such as Greg Seckor, Timothy Skypes, ICT, and Raja Banks, Kerwin, Hayden Stewart, Capital Hungry and the list goes on. The journey wasn’t merely about learning; it was a front-row seat to the struggles of traders losing hard-earned money and the echoing calls of industry experts for robust learning and risk management tools. This prompted my decision to take action to make the MT5 Simulator and the upcoming MT5 Trade Ready. My first trading project — a designed haven for traders to rewind time and practice on live historical data, including news events. Then came my second project, a guardian angel for traders, aiding them in minimizing overtrading and excessive risk-taking through a valuable risk management tool. Can you tell our readers what it is about the work you’re doing that’s disruptive?

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Trading Places: How this entrepreneur is taking the risk out of the share market

• admin
• 26 March 2024
• 5 min read

Written by: Annette Densham Over the past few decades, women have made massive strides in financial independence. More women are starting their own businesses. More women are managing the fine balance of working and caring responsibilities. Women are making their mark in industries typically dominated by men. One of those industries is trading. Women are challenging entrenched norms and reshaping industries historically dominated by men. These disruptors are changing the status quo and leading the way. People like Gagan Sodhi. After many years of trading and learning all she can about trading, Gagan would often find she was the only woman in a trading course. Spearheading the creation of MT5 Trade Ready, Gagan saw a way to help traders minimise their losses and make trading accessible to more people.  But Gagan has always been a disrupter. Her journey is a tale of cultural transitions, personal challenges, and unwavering determination. Gagan, originally from a traditional Indian household where the role of a woman is clearly defined, embarked on a transformative journey when she moved with her husband to Australia in 2007. This shift, from the comforts of a home with servants to the unfamiliarity of handling household chores in a new country, marked a profound cultural shock. “With an academic background in IT and computer science from India, I didn’t envision a career immediately after marriage,” she said. “However, Australia presented unforeseen opportunities that would shape my professional trajectory,” she said. “I emerged as a bit of a rule breaker, challenging conventions amidst the backdrop of cousins following traditional paths and fulfilling expected family obligations. “Despite my family’s roots in India, where cultural norms suggested that as a woman, I need not work, my aspirations reached beyond the expected roles of studying, obtaining a degree, marrying, and raising a family.” The winds of change beckoned in 2006 when Australia became the canvas for a new chapter in Gagan’s life. “Australia, with its stark differences from my Indian upbringing, became both a challenge and an opportunity, with my husband offering reassurance that our life here held untapped potential,” Gagan said. Culture shock Moving to Australia without the familiar embrace of family marked a significant shift. “The cultural shock reverberated as we compared our lives in Australia to the comforts of our parents’ homes in India. Paying money to the government, managing our household chores, and even washing dishes became bewildering tasks in this new reality,” Gagan explained. The juxtaposition of studying alongside household duties created an overwhelming situation, prompting Gagan to question her role and purpose. The initial carefree living in a rented house masked the reality that funds would eventually run out. “As financial constraints tightened their grip, I found myself considering drastic measures, like pawning a cherished bracelet to make ends meet. The urgency of the situation hit home when the pawn shop owner warned me that he would keep it if not retrieved by evening. Thankfully, I managed to gather the necessary funds in the nick of time,” Gagan said. Reflecting on her mother’s sacrifices for her education added another layer to these challenges. “In our hometown, girls typically studied in our language, with English relegated to a mere subject,” Gagan explained. “However, my mother envisioned a different trajectory for me, one that involved breaking tradition and convincing my father-in-law to allow me to study in English. Her determination manifested in walking kilometres to pick me up when local buses were unavailable, showcasing a commitment that paved the way for the opportunities I have today.” An educational maverick Gagan’s educational journey has laid the foundations for her move into trading software. “With a Bachelor’s in Computer Science, Masters in IT and a second Master’s degree at Victoria University in Melbourne, specialising in Business and SAP, I have explored many professional landscapes—education, trading, IT, business, and investing,” she said. “For over a decade, I wore various managerial hats in the Australian education sector, channelling my passion to guide students and educators toward academic excellence.” Then the trading industry beckoned, revealing many learning tools, particularly for MT4. This observation sparked a determination to create innovative solutions, culminating in the development of the MT5 Simulator. “Driven by an insatiable thirst for knowledge, I invested nearly $50k in studying Forex and trading. Engaging in courses facilitated by notable figures such as Greg Seckor, Timothy Sykes, ICT, and Raja Banks, I witnessed firsthand the struggles of traders losing hard-earned money,” Gagan said. “This experience, coupled with industry experts’ calls for robust risk management tools, catalysed my decision to take action.” Gagan’s foray into trading projects had begun. She offers traders a haven to rewind time and practice live historical data, including news events. Helping derisk trade “This project is a guardian angel for traders, providing a valuable risk management tool to minimise overtrading and excessive risk-taking,” Gagan explained. The genesis of MT5 Trade Ready sprang from Gagan’s personal struggles with overtrading and risk management in the trading arena. “With a dearth of products addressing these concerns, I wanted to create a solution,” Gagan said. What ensued was a rigorous six-month journey involving over 100 iterations to develop the initial version of the software. At its core, MT5 Trade Ready serves as a risk management tool, designed to limit users to a specified number of trades per day, making it highly customizable. “The software sets out to disrupt the prevalent culture of overtrading and financial loss in the industry,” Gagan said. ‘It’s a safety mechanism, like red lights on roads, intended to mitigate risky behaviour. “By helping traders manage their risk, I also see the platform having positive ripple effects, extending beyond traders’ finances to encompass family dynamics and well-being,” she said. Subscribe for News and Updates. Click here

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Computer Scientist Gagan Sodhi

• admin
• 19 February 2024
• 3 min read

Computer Scientist Gagan Sodhi Sydney’s Gagan Sodhi’s entrepreneurial journey is one of cultural shifts, personal growth, and disruption. Born into a traditional Indian household, where societal norms dictate a woman’s primary role as mother and wife, looking after the household, Gagan’s life was mapped out. This all changed when she moved to Australia with her husband in 2006. “Growing up in India, I had the comforts of a home with servants, and there was no expectation for me to get a job. Moving to Australia was a profound cultural shock, Gagan said. The move gave Gagan a different insight into the roles of women and what they could accomplish. “My mother made sure I had the best education, and moving to Australia meant I could use the knowledge I had spent years learning,” she said. “My mother sacrificed a lot for my education. She wanted me to break tradition and do things that I would never have done if we had stayed in India.” Breaking away from the expected roles for women in her cultural context, Gagan embraced the unexpected opportunities Australia offered. “But first we had to learn a different way of living. The cultural shock extended to financial aspects, where terms like house rent, mortgage, and the need to pay for basic necessities became new challenges,” she said. “As we faced different financial constraints, my sense of responsibility evolved. I got my first job and found that the challenges of working and studying alongside my household duties created overwhelming situations. Life in Australia is very different to India,” she said. “The challenges were not only financial, but also cultural and personal. I found myself considering drastic measures, such as parting with a cherished bracelet from my mother, to make ends meet. It was at that moment that I knew that if we were going to make it in our new home, we had to think differently.” Educationally equipped with a Bachelor’s in Computer Science, a Masters in IT, and a second Master’s degree specialising in Business and SAP from Victoria University in Melbourne, Gagan wore various managerial hats in the Australian education sector for over a decade. However, the trading industry beckoned, revealing a lack of learning tools, especially in MT5. Eighteen years after arriving in Australia, Gagan’s observation became the catalyst for her journey into the trading industry. “My greatest wish is to help people create financial independence and security, especially women. So I created learning and risk management tools – MT5 Simulator and g MT5 Trade Ready, to help reduce trading losses, provide live historical data so people can practise trading, and access valuable risk management tools,” she said. Subscribe for News and Updates. Click here

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The Entrepreneur’s Compass – 7 Essential Responsibilities For Self, Clients, And Business Growth

• admin
• 1 February 2024
• 4 min read

The Entrepreneur’s Compass – 7 Essential Responsibilities For Self, Clients, And Business Growth Gagan Sodhi is a serial entrepreneur. Over the past decade, she has not only navigated a change of culture and countries, but also created several businesses around her skill set. As a leader and innovative disrupter in the trading space, she has learnt about the entrepreneurial journey and how to manage the multiple responsibilities that come with being an innovator and game changer. In response to the widespread financial losses experienced by traders globally, jeopardising their trading accounts and overall well-being, Gagan created MT5 Trade Ready software to meet the pressing need for a risk management solution to mitigate substantial financial losses and promote responsible trading practices. “I saw traders grappling with overtrading and inadequate risk management. I wanted to develop a tool that not only caters to industry needs, but also resonates with the personal struggles people face in trading,” she said. “MT5 Trade Ready is a risk management tool designed to limit daily trades, prevent overtrading, and foster a disciplined approach, ultimately promoting sustainable success and well-being in the complex world of trading.” Gagan understands the many responsibilities on the entrepreneurial journey. Here are seven she has found to be most vital for self-care and business longevity. Self-reflection and well-being Gagan said entrepreneurs must recognise the importance of self-reflection and prioritise their well-being. “The hustle can be relentless, but a healthy entrepreneur is an asset to any venture. Regular self-assessment, mindfulness practices, and maintaining a work-life balance are essential for sustained success,” she said.   Client satisfaction At the heart of any thriving business is a satisfied clientele. “We not only have to bear the responsibility of not just meeting, but exceeding client expectations,” Gagan said. “Exceptional customer service, transparent communication, and commitment to delivering value are paramount in building long-lasting client relationships.”   Ethical business practices Upholding ethical standards is non-negotiable. “People do business with people they trust and who are trustworthy. It is our job to conduct business with integrity, transparency, and fairness. Ethical practices build trust, foster a positive reputation, and contribute to long-term success,” Gagan said.   Continuous learning and adaptability Gagan said as entrepreneurs, you should always be learning. “Entrepreneurship is a perpetual learning experience,” she said. “Entrepreneurs must stay abreast of industry trends, technological advancements, and evolving market dynamics. The ability to adapt to change ensures not just survival, but also thriving in the ever-evolving business landscape.”   Team building and leadership As the captain of the ship, entrepreneurs are responsible for building and leading effective teams. “If you have a team, it is also your responsibility to nurture a positive work culture. Providing growth opportunities and fostering open communication are indispensable for a motivated and productive team. Remember, people do not leave businesses, they leave people,” Gagan explained.   Financial stewardship Running a business involves the weighty responsibility of financial stewardship. “As an entrepreneur, you have to have effective financial management, prudent decision-making, and strategic investments. These are all vital for business sustainability and growth. It is worth investing in understanding your business’s financial dynamics.”   Innovation and business growth What is the point of going into business if you don’t grow? Gagan said the pursuit of growth is a fundamental responsibility. “Work to foster a culture of innovation, embrace calculated risks, and seek opportunities for expansion,” she said. “Always look to continuously improve, take the time to reflect on your strategy and adapt and change as required. These are all key components in driving sustained business growth.” Gagan said these seven areas form a solid compass for entrepreneurs to not only steer their own journey, but also shape the success and longevity of their businesses. “Understanding the multifaceted nature of entrepreneurship, you can forge a path that not only leads to financial success, but also fulfils a broader sense of responsibility to you, your clients, and your business thriving,” she said. Subscribe for News and Updates. Click here

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MT5 TRADE READY

• admin
• 3 January 2024
• 2 min read

SICK OF OVER TRADING AND OVER RISKING? In today’s fast-paced trading environment, the lure of overtrading and excessive risk-taking can lead to financial setbacks. MT5 Trade Ready recognised that a common trait among the world’s most successful and prosperous individuals is discipline, and we’ve made it our mission to bring that discipline into the world of trading. Trade Ready, is more than just a tool; it’s your partner in the journey towards trading success. By limiting your daily trades to just 1-2, Trade Ready helps you break free from the pitfalls of overtrading and excessive risk. With this essential tool in your trading arsenal, you’ll not only safeguard your hard-earned capital but also pave the way for consistent and sustainable success. Join the ranks of disciplined, successful traders who understand the power of restraint and strategy. Impulsive decisions should not dictate your financial future, but rather guided by a well-thought-out plan. Trade Ready is the key to transforming your trading game, just like the wealthiest individuals who’ve harnessed the power of discipline to build their fortunes. Are you ready to unlock the true potential of your trading journey? Embrace discipline, take the smarter path, and achieve the trading results you’ve always dreamed of with Trade Ready. Start your journey towards success today. Subscribe for News and Updates. Click here

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MT5 Simulator

• admin
• 3 January 2024
• 2 min read

The MT5 Simulator is a tool that allows traders to practice and test their trading strategies without risking real money in the market on the MT5 Trading Platform. It works by using historical market data to simulate real trading conditions, allowing traders to see how their strategies would perform in various market scenarios. The simulator comes with a range of features, including the ability to adjust trading parameters, view real-time market data, and analyze trade performance. It also offers back testing capabilities, which allow traders to test their strategies against past market conditions. Using a Forex simulator can be a valuable tool for traders of all levels, as it provides an opportunity to practice trading to help traders identify potential flaws in their strategies and make adjustments before implementing them in real trading. The MT5 Trading Simulator comes with a range of features; including but not limited to: Be the master of speed. So, you can pause, replay, or repeat the historical data. Get option to select various historical data ranges. Several instruments to choose from. With the MT5 simulator you can: Choose different: Timeframes Date ranges Indicators Risk Types Have the option of: Fixed or variable spreads Buy and sell and see your profit or loss- just like a real trade! Put pending or market orders Set your stop loss and take profits Reduce your risk by using the break-even feature Trail you take profits Take partial or full profit Reduce partial or complete risk Watch multiple time frame windows at the same time Get access to: Balance and equity Your closed trades Your trading results Historical forex calendar and news Personalise it: Choose what suits you: stop loss based on risk, dollar value, or fix lot sizes. Save your simulation with your preferred features! Customise your software: Make your own preferred chart templates. Use different colour schemes to set your candle styles and types. Choose different background colour, grids, or no grids. Save your own templates under your preferred name. Set the features on one chart and link the other timeframes with the same features. Use the saved customised templates anytime without having to set the same features at each login. And enjoy Find your happy place with our MT5 Simulator!   Subscribe for News and Updates. Click here

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A BLUEPRINT FOR HAPPINESS AND SUCCESS

• admin
• 25 November 2023
• 3 min read

Success and happiness are subjective concepts, differing from person to person. Nevertheless, there tends to be a broad consensus on the behaviours commonly noticed in individuals who have achieved significant success and contentment. Here, we’ve assembled a collection of our favoured habits for you to explore and potentially integrate into your own life: Prioritize Your Mental and Physical Well-being: Make self-care a non-negotiable part of your routine. Set Clear, Achievable Goals: Regularly reassess and adjust them to stay on track. Cultivate a Positive Mindset: Focus on solutions rather than dwelling on problems. Surround Yourself with Positive Influences: Intentionally choose to be around those who uplift you, avoiding toxic relationships. Confidently Say “NO”: Decline commitments that don’t align with your priorities and only say “YES” to what genuinely matters to you. Be a Diligent Time Manager: Allocate time for work, relaxation, and personal development. Possess Discernment in Opinions: Consider valuable input and dismiss unhelpful criticism. Approach Your Work with Purpose: Maintain focus and motivation by having a clear sense of purpose and direction. Embrace Challenges as Opportunities for Growth: Display resilience in the face of setbacks. Prioritize Continuous Learning: Stay curious and adapt to new information and skills. Maintain a Healthy Work-Life Balance: Recognize the importance of both professional and personal aspects of life. Practice Gratitude: Appreciate the positive aspects of your life and express thankfulness regularly. Be Proactive in Problem-Solving: Tackle issues with a solution-oriented mindset. Foster Positive Relationships: Actively listen, empathize, and communicate effectively. Exhibit Leadership Qualities: Take initiative and inspire others to achieve their best. Practice Financial Responsibility: Make informed decisions and plan for your financial future. Value Rest and Recovery: Understand the importance of quality sleep and downtime. Engage in Regular Physical Activity: Recognize the connection between physical health and overall well-being. Remain Adaptable to Change: View challenges as opportunities for growth rather than obstacles. Maintain a Sense of Humility: Acknowledge your achievements while remaining open to learning from others. Delegate Tasks Effectively: Recognize the power of collaboration and teamwork. Cultivate Creativity: Approach problems with innovative solutions. Possess Strong Ethics and Integrity: Uphold these principles in both your personal and professional lives. Contribute to Your Communities: Recognize the importance of giving back. Foster a Healthy Work Environment: Promote positivity and camaraderie. Engage in Regular Reflection and Self-assessment: Foster personal and professional growth. Live with Intention: Align your actions with your values and goals. Be your own strength.  Only give what you want back, is it happiness and smile?  YOU WILL GET THE SAME BACK FOR SURE 😊  Be positive and have a prosperous life ahead!! Subscribe for News and Updates. Click here

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THE POWER OF DISCIPLINE

• admin
• 25 November 2023
• 3 min read

Building the Foundations of a Fulfilling Life In the vast tapestry of your existence, discipline emerges as a subtle yet commanding force, shaping the very foundation upon which your success, fulfillment, and self-mastery find their roots. Often underestimated, this virtue plays a pivotal role in sculpting the contours of your aspirations, elevating mere dreams to tangible realities. Let’s engage in a discursive exploration of the profound significance of discipline and its multifaceted role in crafting a life of purpose and accomplishment. The North Star of Discipline: A Guiding Light At the heart of our discourse lies the metaphorical North Star, embodying discipline’s unwavering guidance in your life’s expansive journey. It serves as the compass that steers you through tumultuous seas of challenges and distractions, ensuring your alignment with the true north of your goals. The cultivation of discipline not only forges a roadmap for your ambitions but also instills a sense of purpose in every step you take. Mastering Time: The Discipline Paradox Delving deeper, discipline unravels itself as the paradoxical art of time management. Here, you grapple with the notion that discipline empowers you to allocate your most precious resource—time—with purposeful intent. By navigating the delicate balance of disciplined time management, you gain the ability to prioritize tasks, allocate resources efficiently, and transform chaotic days into purposeful journeys toward your objectives. Consistency: The Alchemy of Achievement The magic of discipline lies in its transformative alchemy, turning consistency into the foundational stones of your success. Ponder upon the idea that it is the small, daily acts of discipline that build the bricks of your achievement. Be it honing a skill, pursuing education, or navigating the winding path of a fitness goal, your steadfast commitment to consistent disciplined efforts constructs a staircase to success, one resilient step at a time. Overcoming Procrastination: Discipline’s Gauntlet The perennial foe of progress, procrastination, takes centre stage in our discourse. Confront the force that often compels you to delay your endeavours, realizing that discipline stands as the formidable antidote propelling you into immediate action. Through the conquering of procrastination via disciplined habits and routines, you systematically dismantle the barriers obstructing your path, paving the way for accomplishment. Cultivating Resilience: The Discipline-Mental Toughness Nexus As life weaves its intricate tapestry of challenges, our exploration shifts towards discipline’s role as the training ground for mental toughness. Contemplate the idea that discipline instils resilience, guiding you to persevere in the face of adversity. The disciplined mind reframes challenges not as insurmountable obstacles but as opportunities for personal growth. It is in these challenging moments that the true strength of discipline emerges, forging an indomitable spirit capable of overcoming any obstacle. Discipline and Personal Development: A Symbiotic Ballet Our discourse unfolds further into the symbiotic relationship between discipline and personal development. Consider the interplay, recognizing that as you commit to disciplined self-improvement, you unlock the expansive realm of your potential. Whether acquiring new skills, nurturing emotional intelligence, or embarking on a journey of lifelong learning, discipline serves as the catalytic force propelling you toward the realization of your best self. In Conclusion: The Harmonious Symphony of a Disciplined Life As our journey nears its conclusion, discipline takes centre stage as the conductor orchestrating the harmonious integration of your actions and intentions. Reflect upon its transformative power, unlocking the gates to a life well-lived—one characterized by purpose, accomplishment, and the fulfillment of your deepest desires. In the grand symphony of your existence, let discipline be more than a guiding principle; let it be the enchanting melody weaving its magic into the very fabric of your being. Subscribe for News and Updates. Click here

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