Becoming a Full Time Forex Trader
In this weekly video:
00:25 – Living the dream and becoming a full time Forex trader
01:10 – Client becomes a full time Forex trader after seeking a mentor
02:10 – A lot of dedication and back testing to prove the system to himself
02:52 – Making 5% return on trading account per week
03:46 – Watch the interview with Imre
04:21 – Be realistic about your trading expectations
05:25 – The hard work pays off
Would you like to quit your job to become a full time Forex trader? If the answer is yes, this video is for you.
Hey, traders, Andrew Mitchem here, the owner of The Forex Trading Coach, video and podcast number 269. Got some really exciting news to share with you.
Living the dream and becoming a full time Forex trader
Would you like to live the dream? Would you like to work from home and work from anywhere, quit your job, become a full-time Forex trader? Because that's what most people who get into Forex want, don't you? That's what most people really aim for. And it can be done.
Now, I know it can be done because I've had many clients do that, but just this week I've interviewed another client who has taken that step to becoming a full-time Forex trader. He's quit his job, his name is Imre Gams, he lives in Toronto in Canada, a real, nice, smart, intelligent, young man. He's worked for Google, he's worked for Apple, so he's right up there with being a very smart guy.
Client becomes a full time Forex trader after seeking a mentor
He took my course back in August of 2017, some eight months ago, and I interviewed him, and I asked him what the process was that he went through. He's been through Brazilian jiu-jitsu, he's been a fencer, as in the sport fencing, he's done many things in his life that he's always sought a mentor for, because he's seen it as a shortcut to success with a good mentor.
So, he did some reviews, he found my course a while ago, joined last August and basically has been very thorough with everything he's done. You can hear the interview. It's on my homepage. I'll put a link below this video. It's 38 minutes long. It is highly, highly recommended if you watch the entire thing. There is so much you can learn from that video, even if you just want passive income from Forex, but just watch the entire video. Take your time, grab a coffee or a cup of tea or something and sit and watch the whole thing.
A lot of dedication and back testing to prove the system to himself
Imre started back in August 2017, went through the course, he's been dedicated, he's asked questions, et cetera, like a lot of people. But he's done extensive backtesting on the course, he had huge confidence after doing extensive backtesting, and then a few months ago he decided to quit his job and go live.
Now, a few weeks ago he started sending me emails of some of the money withdrawals he's taken from his account, from his live trading. Very, very, very impressive figures. Not going to reveal how much. That's private information for him. But it's well into the six figures that he's withdrawn just this last quarter.
Making 5% return on trading account per week
And as he said to me, “I've made more in the last quarter than I made in the entire last year.” And he's now, as he said, living the dream. He's working from home, he's making around 5% return on his account per week with very low-risk trading, very low drawdowns, and only about one hour of actual trading per day.
He is spending more time with his continued learning, his self-development, his self-education. His whole knowledge-base is constantly growing, and he puts time and dedication into that. He's spending a lot of time each day with backtesting, looking at different ways of trading my strategy, different timeframes, et cetera, so he's constantly learning, constantly evolving, but actual trading no more than one hour per day. A 5% return per week on average. It's quite outstanding.
Watch the interview with Imre
So I highly recommend you watch that because the whole approach, the mental approach, the dedication, the commitment, all these things that you need to put in if you want to become either a good trader or an excellent trader or a full-time trader, people that just sort of rock up thinking they're going to put in no effort and no time commitment and just press a few buttons and make a fortune, it's not going to happen. It really is not going to happen. Don't kid yourself that that's going to happen.
Be realistic about your trading expectations
I had a guy just today who called me and he said, “Your trader copier, it's only making about 3% return per month. Why would I do that when there's others that are claiming to making thousands of percent per year?” And I said, “Well, go join them. Don't take my trade copier, go join these other ones.” But I said, “The problem is is that you don't know what their risk is, you don't know what their drawdowns are, and I can almost guarantee that you're going to blow your account with them.”
So you've got to compare apples with apples when you're doing these types of things. It's not just about the end result for no effort, it's about putting in the hard work, the hard yards, the dedication upfront and then the results will come. That's what you do if you want to become a good trader. If you just want to pay $97 for some random expert advisor, it's probably going to end up like all, when I say all, the vast majority of market expert advisors. It's not going to end well.
The hard work pays off
So, coming back to Imre, here's a guy who sought out some mentorship, some dedication, sought help, has done the work, continues to do the work, and now is just, as he said, in his words, he's “living the dream”. He's trading Forex full-time. Only eight months ago he started my course. Wow, what an investment that is in himself and in his future for a guy that's made six figures, withdrawn six figures from his live account in the last three months. Have a think about that. It can be done.
I'm going to put a link to Imre's video on this post and you can go and watch it. I strongly suggest that you watch that whole interview. So if you'd like to become another success story, then get in touch with me and I'll be glad to help you.
This is Andrew Mitchem from The Forex Trading Coach. I'll see you this time next week.