Preparation is the Key to Your Trading Success
#423: Preparation is the Key to Your Trading Success
In this video:
00:21 – Hard work and preparation pays off
01:47 – It’s the same in learning how to trade
01:59 – The planting of 1500 trees
02:43 – Trading on a demo account – the ups and the downs
04:05 – Once you’ve done the hard work, the rest is the easy part
04:30 – Daily trades up +11% gain in August, plus feedback from a new client
05:30 – Blueberry Markets will fund an annual subscription to Echo Trade Copier
06:50 – Sharing some of the tree planting images
07:46 – You must take action if you want to succeed
08:36 – Contact us if you really want to learn how to trade properly
Some preparation and some hard work up front are the keys to your Forex success. Let me share details with you and explain more right now.
Hey, traders, Andrew here with video and podcast number 423.
Hard work and preparation pays off
Brought you outside. I want to share a few things for you that are non-Forex related and then show you how they blend in and can help you with your trading. So here we are outside and little bit hard to see here, but over the last few months, myself and my wife, we’ve cleared one of our steep sidling gullies here. I’ll show you more in a minute with some more pictures. And this was just scrub. It was just utter rubbish, full of bramble, gos, really high, just full of utter rubbish. We’ve cleaned it out. We’ve cleared it. And over the last three weekends, myself and my wife, we have done all the hard work ourselves. We’re planted 1,500, that’s 1,500 plants here over the last three weeks. It’s been hard. It’s been dirty. It’s been wet. It’s been cold at times. The ground’s slippery, but we’ve done all the preparation. We cleared everything first. We did that boring groundwork. And when you’re doing that preparation, there’s not a lot of reward in it. There’s other things you’d rather be doing. Let’s face it. But the preparation is key. If you don’t get the preparation right, then all the subsequent work that you do with the planting, it’s pretty much wasted.
It’s the same in learning how to trade
And when you think about it, trading’s exactly the same. If you don’t do your groundwork, if you don’t learn something properly, if you don’t put the time and the dedication into it, then the rest of it’s pointless.
The planting of 1500 trees
We then moved on to the planting. Little bit more exciting when you’re doing the planting. You can actually see you’re making some progress and then we’re putting all these covers, to stop rabbits and everything else happening here. So the trees have a good chance of growing, good success rate. Let’s see in here. There’s heaps of them. There’s 1,500 of them here we put in. It’s basically restoration of gullies back into native plants, so it’s good for the birds, good for the environment, good for the land good for everything really. And it’s just totally useless land otherwise.
But the reason why sharing this with you is that once you get into the planting and the trees, you can something happening.
Trading on a demo account – the ups and the downs
And it’s a little bit like getting onto a demo account. You start to put things into practise, you can see some action. But the thing is, and I’m going to share with you some of the slopes that we’ve planted a little bit later, is this is again, this hard work, and you’ve got to do it properly. I’ve been slipping down this bank here being covered in mud, here getting rained on. Again, it’s hard work, but you’ve got to keep going if you want to get there. And if you really want that goal of trading properly, of seeing this grow, whatever it is, you’ve just got to keep going. It’s quite hard when you’re putting in 20, 30 plants and then you go back and pick up another hundred and then you see there’s hundreds more still sat there, ready to go. And you’ve got to do it all.
Like I said, myself and my wife, we’re putting in every single one of these. We’ve made all these cardboard coverings here. We put all those in as swell. Lots and lots of hard work and dedication. But if you get that right, and it’s the same with your demo account, you learn, you do your preparation, you learn on your demo and you get it right, then the rewards are massive. It’s like this. Give this a couple of years. and the rewards here will be` massive. This will just be this beautiful, incredible bush here.
And it’s the same in trading. It’s the same in trading that once you have done that prep work, that hard work.
Once you’ve done the hard work, the rest is the easy part
The rewards are massive. And the rewards long-term don’t require a lot of work. It’s like with my trading. I can trade in under 30 minutes a day. And it’s like this, once we’ve done this now, there is a little bit of work maintenance here and there. But 99% of it’s done now, it just needs to grow. And this is the same with your trading with your account. It just needs to grow once you know what you’re doing. Give you some examples here.
Daily trades up +11% gain in August, plus feedback from a new client
We’re up over 11% on our daily trades in August. And we’re not even through two weeks in August yet. I want to read this also from Billy Jo. Billy joined us a few weeks ago. She said that before she started trading, I was entering trades too late, moving my stop loss too quickly, or taking profits too early. I was having trouble putting everything together. I was making it too complicated. My confidence was becoming low. I was hesitant getting into trades for fear of losing.
Now, she’s been with us for a few weeks. For this month of August, I’m up 5%, which I’m really happy about. I’ve taken some of the trades suggested on the daily trades with the majority being winning trades. I’ve stuck to mainly daily in four hours and a couple of one hours. Really liking the rules, really liking the system, very easy to follow. Same thing. Do the work, join the course, get some support. It works. So just wanted to cover that one with you as well there.
Blueberry Markets will fund an annual subscription to Echo Trade Copier
One other thing before I show you around here. Been talking with Dean and Ben at Blueberry Markets, the broker in Australia. They’re going to fund for you in trade credit the equivalent of our Echo Trade Copier monthly fee. So if you want to have your account traded for free, basically copy our Echo Trade Copier account, let me know, and I can send you a link and I’ll put a link on next to this video and podcast for Blueberry Markets. There’s a special link. It’s $84 US a month covers the Echo Trade Copier fee.
Now, if you want the next three months or 12 months, depending on opening an account with Blueberry Markets, they will credit you that equivalent amount for the next three or 12 months, depending on the size of the account that you open with them. Couldn’t be easier. I was showing our clients last night an account that I personally got with the Echo Trade Copiers, been open for two months and it’s up just over 11%. You can have that same trades and same exactly the same ratio copied on your account, basically for free if you’re interested in opening a new account with Blueberry Markets. Like I said, I’ll put details here, let me know about it.
Sharing some of the tree planting images
I’m going to just going to stop now, turn the camera around and share with you some of the things that we’ve done.
So here’s another hill, as you can see up there, that is really steep. And as I said with the trading, lots of slipping, lots of up, lots of down, keep going. If I can scroll around here, this is what it was like. This is after it’s been killed. It was really, really high. All that was what this looked like. We’ve now cleared this out and made it beautiful. It’s going to grow absolutely magnificently, exactly the same as your trade-in account can do once you know what you’re doing.
And here’s some more of the plants, all coming in through here. So as you can imagine, give this a few years. This is just going to be absolutely magnificent. Really cannot wait to see the results of what we’re going to get here.
So I hope you’ve enjoyed having a look around here and seeing what we are trying to achieve with a bit of hard work, bit of dedication.
You must take action if you want to succeed
But one thing I want to finish on, you’ve got to take action. There’s people all around the world that protest about stuff, write things on Facebook and complain and moan about everything. Just take action. If you’re interested in things like the environment, no good moaning about it, just do something, go and plant some trees, go and help something, go and clean something up. To me, actions speak louder than words.
And it’s the same with trading. so many people think they’re just going to be this fantastic trader or they get stuck on, they’re fantastic on forums. Great advice or they’re stuck on demos and they’re frightened to go gone to a lot of trading. The reason is for that is because they just don’t take action and do things properly.
Contact us if you really want to learn how to trade properly
If you want to learn how to trade, come and find someone like ourselves at the Forex Trading Coach who do this properly, who teach people, who have got a track record, who have been doing this for years and we know what we’re doing. We know what works. We know how to help people. Just take action, whatever it is you do, because that’s the only way you’re going to get somewhere.
So I hope that helps. This is Andrew Mitchem here at the Forex Trading Coach. I see this time next week. Bye for now.
Episode Title: #423: Preparation is the Key to Your Trading Success