How To Make 2018 a Profitable Trading Year
In this weekly video:
00:22 – Met with Dean Hyde from Blueberry Markets in Sydney
00:50 – Have a profitable 2018 trading year.
01:40 – Back into trading for the year. What do you need?
02:30 – A set of rules and goals.
Hi Traders, Andrew Mitchem here, the Forex Trading Coach with video and podcast #256. Happy New Year to you.
This is the first video and podcast for 2018. As you can see, I'm in Sydney in Australia, where I've been here for the last week. Had a great time here.
Met with Dean Hyde from Blueberry Markets in Sydney
I've just had a meeting with Dean Hyde who is the owner of Blueberry Markets. If you've never tried Blueberry Markets I can say that they are an extremely good broker; offer everything that we're looking for, 5:00PM close of day charts, Metatrader 4 broker, ASIC regulated here in Australia. Extremely high level of personal service for all our clients. I'll put a link to Blueberry Markets below this video.
The video and podcast for this week is all about making sure your trading progresses well and profitably into 2018.
Have a profitable 2018 trading year.
If you've already been trading, make sure that you use last year's information to your advantage; go through your charts, go through your account from 2017. What worked? What timeframes worked for you? What currency pairs? Are you a news trader? A Technical trader? What worked consistently well? What type of setups? Make a note of that, and obviously use that information to your advantage. Because likewise, what did not work? What can you cut out from your trading? What silly mistakes can you cut out that cost you money last year that you don't want to continue with this year? Use that information to your advantage now that the market's just a tiny bit quiet as we head into the new year.
My manual trading started Wednesday the 10th of January, and now we're back into more normal market conditions it's now a good time to start manual trading again.
Back into trading for the year. What do you need?
Other decisions you can take heading into the new year; how are you going to progress your education? What are you looking for? Are you looking for a mentor? Some form of course? Are you looking for forums? What is it that you really need in your trading heading into 2018 to make it a great year?
Have a think about that. If it's coaching, if it's some form of membership, then of course I can help you. Training clients all around the world, 58 countries at last count. I've been trading for now nearly 15 years, and coaching for nine years. So I've seen all sorts of different traders from all different parts of the world. All market conditions we've experienced over that time.
It's really now a time to focus on your goals. What I do see is people who are consistent with looking at setting goals are the people who do the best. Look for goals, look to have a set of rules that work for you.
A set of rules and goals.
Really important that you do that. Take your time, do that now. Consistently review that on a daily basis as you trade throughout 2018, and it will make a massive difference to your overall results.
Once again, this is Andrew Mitchem, owner of the Forex Trading Coach, in Sydney. Have a great time with your trading, and I'll see you this time next week.