Social Media Cannot Teach You to Trade
#513: Social Media Cannot Teach You to Trade
In this video:
00:30 – Can you learn to trade from Social Media sites?
00:56 – Why am I at the hangar today?
01:35 – I’ve been flying for 9+ years and still need training
03:05 – Trader wastes GBP15,000 thanks to Social Media “Experts”
04:02 – What does Trading Success mean to you?
04:56 – Blueberry Markets
Can you learn to trade properly and profitably and know what you’re doing by following forums, social media sites, YouTube, Facebook, all those type of places? I’m going to share with you a really interesting story. Let’s get into it right now.
Hey there. Traders! Andrew Mitchem here, the Forex Trading Coach for video and podcast number 513.
Can you learn to trade from Social Media sites?
So can you learn the trade off social media sites, YouTube videos, all those type of places? Well, I’ve received an email from someone over in the UK just yesterday and he said to me that he has lost £15,000 trading live trying to learn how to trade by following people on YouTube. So I’m going to cover that one shortly.
Why am I at the hangar today?
Now, you might maybe wondering, why am I talking about this at the hanger here? So if you’re watching this, you’ll see I’ve got my helicopter behind me. The reason I want to talk about this and the helicopter is I’ve just come out of the hangar here. Let me just show you.
I fly from the other side over there and the helicopter you fly from the right hand side. You know, I’ve just come here and I’ve just put the dual controls in here on the left hand side. That’s because I’m heading up to the snow right now. My instructors give me a call “So look the conditions up. They’re really good”
I’ve never landed myself in snow. I’ve landed in a little bit, but I’m talking like proper snow.
I’ve been flying for 9+ years and still need training
And I’ve been flying this whopping fly helicopters for nine years, this helicopter for over five. It’s a great machine. Very, very powerful helicopter. It’s even got snow paws on down there so you can land in snow properly. However, I’ve not done it.
The reason is it’s clearly very, very dangerous. You have to know what to do. Like when you land on that snow. Are you going to sink? Are you on rocks? Am I going to get the skids here? Cool on rocks. Am I over a lake? I don’t know. So there’s a lot of skill. Is it icy? How have fresh the snow has off to the actual approach.
Getting the blades up here, you know, whipping up the snow, creating really bad visibility, white outs, all those type of things. And obviously on mountains anyway, it’s a lot more dangerous, you know, windy conditions. So I put duals in here and the two of us are off for a flight. So after nine years, I’m still seeking expert help because I want to go and do something quite, you know, a higher level, more dangerous, more risky.
If I try it myself and look, legally, I can go and do that myself. I have a full license. I own the machine, it’s fully insured. Everything else, I can go and do this, but I’m seeking professional help to show me from someone who knows what they’re doing, who’s done this countless thousands and thousands of times, what to do to do it properly.
Trader wastes GBP15,000 thanks to Social Media “Experts”
Now, you bring this back to the guy who wrote to me yesterday. Not only is he wasted an enormous amount of time and probably lost huge confidence in the market. And clearly, confidence in someone who can teach him because he’s tried so many free places on YouTube, he’s lost £15,000. That’s a huge amount of money.
Now, if I get this wrong, I can assure you I’m going to lose a lot more than £15,000. I could be losing hundreds of thousands of dollars and getting it wrong. I could be injuring myself, could even kill myself if I get it completely wrong. So what is it worth to you, whether it’s doing something like this or whatever skill it is you are doing?
And if trading is your skill of choice that you want to learn to do, what’s it worth to you to do it properly, safely, correctly? Seek help from someone who knows what they’re doing with low risk, high probability chance of getting it right finally and having a massive amount of support at that.
What does Trading Success mean to you?
So have a think about that. What is that worth to you? And that’s where it comes back to our Forex Coaching Course that’s rated. It’s about a 4.8 out of five star rating on Forex Peace Army since 2009. Go and have a look on Forex Peace Army and find out how many other education companies that started back in 2009 are still there today. I don’t think you’ll find any.
And so that shows longevity, proof, reliability, trust, everything that we do. In fact, the most recent review that just got posted this week on Forex Peace Army, a guy over in the UK said he’d learned more in two months being with us than he had in the previous eight years. So that just goes to show why investing in yourself and quality education will help you no end.
No different than we’re just about to go flying right now with an instructor to show me what to do properly.
Finally, if you’re out there looking for a good broker to put your funds with again, good people, professional company, have a look at Blueberry Markets. I’ll put a link to them below this video and podcast here. And we’re off flying right now.
Catch you later. Bye for now!