How a Client Now Owns His Own Fund Management Company



#365: How a Client Now Owns His Own Fund Management Company

In this video:
00:31 – Email from a client who joined 3 years ago
01:19 – Started hedge funds and investment bank
01:51 – Look what can be achieved
03:10 – Get the basics right first
03:52 – Echo Trade Copier
04:22 – Learn how to trade properly

A client has gone from being a forex student to a full time fund manager (fund management), owning his own company in under three years. Let’s explain how and how you can do the same.

Hey traders, Andrew Mitchem here at The Forex Trading Coach for video and podcast number 365. Wanted to get outside again today. Beautiful day out here and make this video.

Email from a client who joined 3 years ago

Now, I’ve received an email this week from a client of mine who joined me just around three years ago as a student. Never really traded forex that well until he joined us. But he put a huge amount of effort in, at the beginning. Constantly asking questions, constantly being on live webinars and his due diligence that he did with his trading was incredible. Very, very impressive young guy. Did very, very well after joining us. Was very active on our forums, very sensible guy.

Took trade sensibly, didn’t gamble. Did all the things that we basically teach, but the information was there provided for him. He took it, he took advantage of it, and now the change around of what he’s achieved is unbelievable. But I wanted to read this email to you that I received from him.

Started hedge funds and investment bank

He said, “Things are going well on my end. I’ve started a few different hedge funds over the past year and even purchased an investment bank with my business partner. We’re rapidly growing our assets under management, which is very exciting. We’re just about to close a €1.5 billion deal with a consortium in Madrid. I’m about to launch a prop firm, where I’ll be allocating funds to different traders. If you’re interested, let me know. Or if you know of any other proven traders, I’m more than happy to discuss.”

Look what can be achieved

So, it’s a couple of things here, is that one, look what this guy has achieved. Just by taking our course and when people say to me, “Hey Andrew, I can’t justify spending that amount of money on a course.” My response is, well, if you went to university, you’re going to get end up with a piece of paper and debt. Almost certainly. I’m not knocking university, but you get what I mean. This guy spent $2,000. It’s changed his entire life around. He’s learned how to trade properly and now he’s got to where he’s got with his own company, with potentially with this new one at €1.5 billion under management. That is an incredible turnaround. And if you think that spending a couple grand upfront to get to that stage is not a good investment, then please don’t even contemplate joining us because you’re really not the right sort of person for us.

We’re not a good match. So, just shows what can be achieved. So, that’s taking it from beginner to really, really quite special. Not everybody’s going to do that, of course, but it shows what can be achieved. But you have to start somewhere and you have to take the decision to want to learn how to trade. And you have to be able to learn how to trade and prove to yourself that you can trade before you get to these next levels.

Get the basics right first

You see, it’s all well and good thinking, I’m going to do this and I’m going to do all these flashy things, but unless you can do the first bit right, which is what this guy chose to do, he chose to invest in himself to learn, to follow us, to follow our system and to prove to himself that it could work. Only when he did that and did that consistently for like the time to then move on to the next things. And you can do the same.

I mentioned a few weeks ago on a video and podcast that there’s no reason why you cannot start with going to Myfxbook or Signal Start or one of those kind of companies and getting people to follow your trades and you can make money month after month from subscribers.

Echo Trade Copier

We do this with a new service that got launched last week called Echo Trade Copier. People can join on that for under a $100 a month and they can follow our trades or if you do the same, they can follow your trades and it’s a great way for you to build up a following. It’s a great way for you to build up proof that you can trade and to gain money if your account right now is not the biggest.

You can reinvest those funds back into your trading account and grow them yourself.

Learn how to trade properly

But all of it comes back to the number one fact is that, unless you can trade properly for yourself and know how to trade, then all of this is quite irrelevant. So, it comes back to the fact that, do you think that investing in a proven course and investing in yourself and your future is worth it? Yes or no? And that’s really all it comes back to. If your answer is yes, then you need to decide who to go to. Of course we think we’re a very good option because we’ve been doing this for so long, nearly 11 years and I’ve taught over 2500 traders. But you need to do your due diligence but first of all you need to decide if you really want this enough.

Don’t just do it because you think you’re going to make money, do it because you really want to do it and you really want to be a good trader. So, that’s it for today. Hope you’ve enjoyed the video and podcast and if you have any questions about it. If you want to know who this guy is, let me know and I can pass on your details, if you’re a proven profitable trader. He doesn’t just want someone who’s starting. He wants people who are proven to join his fund management company there. If you’ve got any questions or any topics on future videos and podcasts, just like this, drop me an email [email protected] and I’ll cover them on future episodes for you.

I’m off to enjoy this beautiful weather, even though we’re still in lockdown and I’ll see you this time next week. Bye for now.

Episode Title: #365: How a Client Now Owns His Own Fund Management Company


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