Becoming Your Own Boss
#432: Becoming Your Own Boss
In this video:
00:30 – I’ve received a lot of emails from people who might be losing their jobs
01:17 – A lot of new rules around the world about mandates
02:02 – You should consider trading Forex
03:22 – I’m serious about trading and how to I made a decent return?
04:54 – What the prop firms want
06:22 – You need to know what you are doing first
06:42 – The mini course will re-open in 1 month from now
07:35 – It’s only going to get worse for many people
I want to talk about why you should maybe look at considering being your own boss, and learning how to trade Forex properly. It’s very topical right now and very important. Let’s get into it right now.
Hey traders, Andrew Mitchem here, the owner of The Forex Trading Coach with video and podcast number 432.
I’ve received a lot of emails from people who might be losing their jobs
Came outside today, it’s a beautiful day out here. I want to talk about… I’ve just been receiving a lot of emails. You might think it’s a controversial subject, you may not. But I think it’s important to discuss it because not many people are. It’s all about what’s happening around the world right now with COVID injections, vaccinations. Not only that, it’s more the knock-on effect of what’s happening with so many people with these jobs being mandated that people need to be vaccinated. I’m not here to debate the vaccine; I’ve got my own opinions. But as a trader, I think it’s important because so many people have been emailing me saying, “Andrew, I’m potentially losing my job.”
A lot of new rules around the world about mandates
Here in New Zealand especially, and it sounds like Australia as well, a lot of rules are coming in that people will be losing jobs if they’re not double vaccinated.
Like I said, I’m not here to be pro or against it. What I am here to say is that it’s probably the choice that people are finding that they’re going to be without that’s for me probably more the issue. The choice to do what they want and how it affects their jobs. So that comes back to why I’ve probably been receiving so many emails over the last week or two as it’s becoming more and more prominent. And it comes back to…
You should consider trading Forex
I’ve said to these people you’ve got to consider something like trading. But don’t just do it just because it’s a quick fix, because it’s not a quick fix. Don’t think that you’re going to sit at home and be lazy all day and get up when you want. It’s not that at all. You have to work hard at it. It’s hard. There’s ups, there’s downs, there’s good times, there’s not so good times. Like anything. But it does allow you to have some more control and freedom and to be your own boss.
I think that’s the point that a lot of people around the world right now that people are picking up on, the extra value of trading. Getting away from some of the more traditional lines of work where you are told what to do and when to do it. I think that’s one of the beauties that trading offers. Like I said, it’s not easy. It takes effort, it takes hard work, it takes dedication. If you think you’re just going to waltz into trading and suddenly become a multimillionaire by this time next year forget it. You’re in the wrong choice. Or certainly don’t come knocking on our door, because we’re not prepared to assist you if that’s your mindset. You’ve got to have the correct mindset to make this work properly and put that hard work and dedication upfront.
I’m serious about trading and how to I made a decent return?
But leading on to that, people have said to me I want to sort of get into this a bit more seriously now. I’ve kind of been forced into it, or things are changing around the world. I want to look at this trading a bit more seriously. And a lot of people come to me and they go, well the problem is my account’s not big enough. How on earth do I look at giving up my job if that’s what it comes to? And trading properly?
Well, to me it’s always been the same story that I’ve got back to people. It’s that you have to learn how to do it first. You have to learn to run before you can walk. Don’t expect to be an expert overnight. You have to learn upfront to do this properly. But then, when you can, the actual size of your account, how much money you’ve got to invest in this, really doesn’t matter too much. Leading on from last week’s video and podcast where we talked about prop firms briefly. Again, I’m not here to promote any particular prop firm. I’ve got no affiliation with any prop firm at all. All I do know is that I’ve got a lot of clients now who do know how to trade properly and have said look, my account’s not big enough to really get anything out of this too much now they know how to trade. Yes they can grow their account and maybe they can add some funds to it.
What the prop firms want
But these prop firms, they’re after people exactly like the people… The strategy that I’ve taught and used for 15 years now. Been teaching it for 12. What we’re after is some good common sense, low-risk trading. Low draw downs, no one wants stupid, ridiculous draw downs. No one wants gamblers. In fact, I had a guy this morning that said, “I’ve got $250.00 can I make $250.00 every week?” I said no, you can’t. I don’t want to know. We’re the wrong people if you think we’re going to help you gamble your money and double your account in a week, go somewhere else.
But you know, the prop firms. We had a client I was talking to last week who’s now managing over $100,000.00. Well, you think about that, that’s just one prop firm. And he’s only relatively new at this and he’s up to $100,000.00 already. He’s making 10% per month and he’s on a 60-40 revenue share. He’s on $6,000.00 extra per month than he had a few months ago when he started and joined us. The thing is that you can do that… If you prove you can do that, you can make that as passive income month after month. You can get to a bigger account with the same firm. You can open accounts with other firms. You can sell trading signals. You might be able to manage funds for people. There’s all these things you can do. But none of it requires any real extra work because you’ve actually taken the trade just the one time. It just gets split over multiple different platforms.
You need to know what you are doing first
But it all comes back to you need to know what you’re doing first. So there are many, many ways around this where you can get to do this properly and do this on a more serious level and get a really good substantial return from it. But it’s about educating yourself first. So I hope that helps.
The mini course will re-open in 1 month from now
We’ve had great success with our mini course that’s been launched this week. We’ve now closed the mini course. We’ll look at opening it up in about a month or so. I’ll send you more details if you’re interested in that. If you’re interested in the full course, that’s probably the place you really need to be if you want to do this properly.
If you’re interested in knowing where to put your funds, one of the best brokers I can recommend is Blueberry Markets over in Australia. I’ve been dealing with Ben and Dean over there for years now, ever since they set up. Neat bunch of guys there. The whole team are really good. Customer service is outstanding. Great platform. MT4 and MT5. Good spreads. Just really decent bunch of guys if you want to put your funds in a good reliable place. So it’s Blueberry Markets, I’ll put a link to them on this post as well.
It’s only going to get worse for many people
So I hope that helps. Like I said, I don’t want this to be a controversial post in any way. It’s not that. Don’t take it the wrong way. If you think I’m anti something or not or pro something, it’s not that at all. It’s just that there’s obviously a lot of people around the world now that are getting very concerned, and this offers a potential change in direction for them. Like I said, my inbox is getting just inundated daily with very concerned people and it’s probably just going to get worse, to be honest, as these mandates come in around the world in more and more industries. So I’ll just say, just look after yourself to start with. Consider trading if it’s for you. It’s not for everybody, but if it’s for you you know where to find us and we’re here to help. Thanks for watching. See you this time next week.
Episode Title: #432: Becoming Your Own Boss