These 2000-Year-Old Lessons Will Improve Your Trading

Podcast:

Podcast: Play in new window | Download

Subscribe: Apple Podcasts | Spotify | Android | iHeartRadio | TuneIn | RSS

Find out more about Blueberry Markets – Click Here

Find out more about my Online Video Forex Course

Book a Call with Andrew or one of his team now

Click Here to Attend my Free Masterclass

#635: These 2000-Year-Old Lessons Will Improve Your Trading

In this video:
00:28 – Greek Mythology and your trading success.
00:51 – Too much confidence can blow an account.
01:57 – Obsession with money.
02:43 – You don’t need a degree to become a good trader.
03:12 – 2 new testimonial videos from our clients.
04:12 – My farming background has helped me to become a good trader
04:41 – Blueberry Markets as a Forex Broker.
05:30 – Give me your feedback and request for trading topics.

Do you realize that trading and Greek mythology are so highly correlated? I want to talk about that and give you some quotes and see how they relate to trading and your success in this video and podcast. Let’s get into it right now.

Hey there, Traders! It’s Andrew Mitchem here at The Forex Trading Coach with video and podcast number 635.

Greek Mythology and your trading success.

So today something different because I want to talk about Greek mythology and how it relates to your trading success and how you approach the markets. You see people control the markets, emotions control the markets. And those same traits can be seen in Greek mythology, you know, from thousands of years ago.

Too much confidence can blow an account.

Give you an example. If you look at Icarus flying too close to the sun, that can be related to, say, like traders who are over trading, over leveraging, you know, their confidence becomes too much and they then blow their account because of doing silly things. You know, they’re ignoring risk management rules and you get disaster. Exactly like Icarus flying too close to the sun with confidence.

You can look at Odysseus and, you know, the principles of trading with discipline. You know, look at your trading as a long journey and how to gain patience when under pressure. Sticking to your trading plan despite distractions that you may have. You’ve got the example of sirens and market noise, and you know you’ve got social media tips out there telling you what to do.

You get people saying, this is a guaranteed trade set up. You get, you know, emotional temptations pulling you away from your strategy because you’re out there on forum sites looking at other things. So you’ve got all those kind of issues going on there.

Obsession with money.

You’ve got King Midas obsession with profits, you know, just looking at money, money, money. Whenever people do backtesting, they always pick the 1 with the, you know, the most money and you then get away from, you know, what you really need as a trader, which is consistency as well so people forget that.

Achilles, so the Achilles heel your trading psychology becomes your weakness. You know, revenge trading, fear of missing out potentially like refusing to accept losses. All those type of things. So really important that you think about these, you know, principles that have been around for thousands and thousands of years and how they can help you with your trading.

Markets, you know, are new, but emotions are not. Emotions have been there forever.

You don’t need a degree to become a good trader.

So the best traders out there, they’re not necessarily the smartest ones. And I find this with my, you know, with my students. And when I say smart, they don’t have to have all the bits of paper and been to the best universities and all that type of thing, that does not make the best traders.

The best traders are the ones that can master themselves, control their emotions, stick to plans, be disciplined, show up, turn up and you’ll find that they become the best traders.

2 new testimonial videos from our clients.

Some great examples of that on my website. Just in the last week, we’ve added 2 new reviews and testimonials from clients and the guy. Pete’s been with me for 10 years.

I met Pete in person a few weeks ago when I was over in Bali. And, you know, have a listen to that review. There’s Ryan, who’s a real estate agent here in New Zealand. Have a listen to his review. Just a family guy with 2 young kids doing really well through his trading by turning up, showing up, sticking to the discipline and rules and, you know, being a self-employed person, like, you know, like a commission agent, like a real estate agent is, you know, he understands that not every trade will be perfect.

He understands that you can put lots of time into trading for maybe like a day or a week or, you know, and the results aren’t always going to be perfect. So I think it takes a special kind of person like that to really trade well.

My farming background has helped me to become a good trader

I come from originally a farming background, you know, I understand that, that things are tough. You’re, you know, you put the effort in, you plan, you discipline, you know, and you show up. And that’s what trading is all about. You don’t have to have, like I said, you know, the most qualifications. You don’t need to be super, super smart to do this. You just need to control your emotions and understand what’s needed and required. So I hope that helps.

Blueberry Markets as a Forex Broker

If you are there looking for a very good forex broker, I can highly recommend Blueberry Markets. I’ll put a link to them there based across in Australia, but traders from right around the world can open an account with Blueberry Markets. I’ve been with them since they started and I know some of their team from prior to when Blueberry was created.

And you won’t find better customer service in terms of speed and efficiency, etc. I find them really good, and I think it’s 1 broker that you should consider having a look at if you’re out there looking for a good forex broker. But of course now with MT5 you can trade other markets like the metals, cryptos, commodities, indices, which we do as well.

So have a look at Blueberry Markets. Have a look at those 2 reviews on my website as well.

Give me your feedback and request for trading topics

And any topics you’d like me to discuss on future videos and podcasts. Just like this 1. I’m here to help. Here to listen to what you want and to help you with your trading. After all, we’ve been doing this for 17 years at The Forex Trading Coach.

We have successful clients in 111 countries around the world. If you’d like to come on board and join us in our community, you know where to find us at TheForexTradingCoach.com and I see you this time next week. Bye for now.

Episode Title: #635: These 2000-Year-Old Lessons Will Improve Your Trading

Find out more about Blueberry Markets – Click Here

Find out more about my Online Video Forex Course

Book a Call with Andrew or one of his team now

Click Here to Attend my Free Masterclass

Podcast: Play in new window | Download

Subscribe: Apple Podcasts | Spotify | Android | iHeartRadio | TuneIn | RSS