The Realities of Learning How to Trade



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#537: The Realities of Learning How to Trade

In this video:
00:26 – A trading reality check.
01:00 – Do you want it now or can you wait?
01:41 – Adults are no better than children at wanting instant gratification.
02:23 – How much can I make?
03:23 – Doing the hard work first.
04:33 – Not everything will go in your favour.
05:09 – Don’t knock someone who’s trying to help you.
06:00 – We can help you if you would like to trade well.
06:26 – Book a call with us.
06:38 – Blueberry Markets.

Today, I’m going to talk about the realities of learning how to trade properly and why it’s probably not quite as easy as you think it might be. Let’s talk about that and more right now.

Hey there, Traders! Andrew Mitchem here at the Forex Trading Coach with video and podcast number 537.

A trading reality check.

Now today it’s a bit of reality check. And it’s kind of like not being grumpy day, but just wanted to keep things real. I’ve had just a few interactions with people over the last week or so that just got me kind of beating my head against the wall. One was a client and the other is not a client, and it just makes me realize that there’s so many people out there that are not real with their trading.

Do you want it now or can you wait?

Now, you may have heard about the experiment. I don’t know who did it. It was quite some number of years ago where they got a bunch of kids, put them in a room, and they said to them they put like a sweet or lolly chocolate and in front of them and said, You can have one right now. But if you wait, you know, 15 minutes, we’ll give you three.

And of course, most of the kids go, I’m just going to take the one that they can’t comprehend. You know, if you just wait for a little bit longer, you’ll get three times the amount for just a little bit of, you know, dedication. And that was a kid’s experiment.

Adults are no better than children at wanting instant gratification

Now, I think the same logic, unfortunately, applies to so many adults today as well, now that whether it’s me, show my age or what, I don’t know, but whether it’s, you know, an instant gratification thing, whether it’s a cell phone thing, an Internet thing, a Netflix thing, you know, another thing, everything just seems to be instant.

And people unfortunately don’t seem to be able to. A lot of people anyway, don’t seem to be able to. And accept the realities of hard work, dedication and a bit of time, commitment and effort. And also not an instant answer, an instant fix.

How much can I make?

Now, I want to talk about that because I think that you’ve got to get your head around that if you’re going to give yourself a realistic chance of being a successful fighter because everybody wants to know how much am I going to make, how long is it going to take me, how much do I need to my account?

How many prop firms do I need? All these? How to what’s the answer? And without actually figuring out that they need to actually study and listen to people that have done this before and not only ask questions, but when someone gives you an answer in their best interest is to help you listen to that answer and possibly accept it.

And I find that people struggle to do that. And maybe it’s because it’s not the answer that they want or it’s not the quick fix solution. It’s not the you’re going to become a multimillionaire next week solution. It’s and that kind of thing. I just I struggle with, I suppose, because I suppose I’m about a year away.

Doing the hard work first.

You know, you did the hard work moving to New Zealand with a couple of suitcases to the other side, the world, you know, with no Internet back then and no cell phones and, you know, you I worked on a dairy farm where I worked basically for a guy who was the worker and, you know, and so you milk cows, you basically wash the odd down and you wash cow poo down a hole at nighttime, you know, but to farm properly, you’ve got to go through the whole step by step process of knowing what to do. And as many of you know, a lot of martial arts in the past, I don’t do that now. But you know, it’s the same thing.

You got to learn from the best and time dedication. You don’t get to become a black belt within five years. This isn’t going to happen. You know, I learned to fly helicopter. You always keep learning. And I’m right now learning to play guitar. You just keep learning. You’ve got to keep practicing. You got to keep at it if that’s what you want to do.

And training is exactly the same. So just wanted to put that bit of a reality check out there and, you know.

Not everything will go in your favour.

Just expect the ups and downs. Expect that there will be days, weeks, trades, months sometimes that aren’t going to go in your favor, even if you follow someone, even if you join and follow us. Not every trade is going to be successful that’s the reality of it.

But also we have mechanisms and proof and longevity in place to say that if you do this consistently and you have your low risk and I reward risk all those things that I constantly talk about, that it will work, but you just go to stick it. It’s no good doing it for a few months and go, it’s not working for me and I can’t make it work.

Don’t knock someone who’s trying to help you.

And and then also the other thing that I find a little bit annoying recently is that someone else jumps in and tries to help out and and then the old person gets grumpy with the person who’s trying to help them. And it’s like you can only get grumpy with some of those giving up their time, their, you know, their day to try and help you.

You cannot get grumpy if someone following the system’s doing really, really well and you’re not. Maybe they’ve been at it longer, maybe they put more time and effort into it. You know, there’s all those type of things. So that was my one to get that kind of message across because it’s just something that you’ve got to be real about this.

You’ve got to put time, effort, dedication in, except things aren’t going to go always to plan. That’s life. That’s trading. If you can’t accept that, don’t start. It would be my message.

We can help you if you would like to trade well.

But if you do want to start and you do accept that as a reality, no better place than to have a look at us. We’ve just passed 4000 clients have been through the course.

We’re getting close to our 15th birthday, which is in May, and we’re very proud of that fact that 99% of people do incredibly well. It’s just the 1% from time to time. But that’s life. You can’t please all the people all the time.

Book a call with us.

And so if you’d like to have a chat with myself, one of the team I’m going to put a link to for a booking session on here.

If you’re not been on my one hour masterclass to find out how we trade. you can do that as well.

Blueberry Markets.

And if you are looking for a really good broker, can highly recommend Blueberry Markets across in Australia. So I’ll put a link to them as well.

That’s it for this week. Next week I’m going to have more trading tips and information for you, more practical tips.

Today was just a bit of a, that’s happened in the last week or so. I wanted to kind of get that off my chest, put that across there and make you understand that if you can do this properly, be real about it. How about I see you this time next week. Bye for now

Episode Title: #537: The Realities of Learning How to Trade

Signup For my Forex Masterclass

Find out more about Blueberry Markets – Click Here

Find out more about my Online Video Forex Course

Book a Call with Andrew or one of his team now