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The Value from Being Part of a Trading Group

In this video:
00:29 – What happens when you join a group
00:59 – It’s a lonely business
01:25 – Feedback from our trading community
02:17 – What our new traders like about the course
03:23 – The value of being in contact with other traders
05:40 – No-one learns from being lectured
06:20 – Cyber Monday 2019 sale – a great opportunity

Never underestimate the value of being part of a group of like-minded Forex traders. Let's talk about that and more right now.

Hey traders, Andrew Mitchem here at The Forex Trading Coach with video and podcast number 345. Got two really important points to cover in today's video and podcast.

What happens when you join a group

The first is all about understanding and appreciating the value that you get as a trader when you're part of a group. You see, when we start trading, we're pretty much on our own. Most of us are on our own. We start on our own. We're either working from home, you could be working from work as part of your office, on your phone, whatever it might be, but you're generally working by yourself when it comes to your trading, your learning process. You're researching online. You might attend a course, but then you're back home after doing that course.

It’s a lonely business

So very lonely business, quite honestly. It really is. A lot of people don't understand what it is that you do and a lot of people probably doubt what you're doing is good and then you start doubting yourself. So a very lonely business indeed. And a lot of people give up with that and they start blaming the market or the broker and things like that.

Feedback from our trading community

Now, I wanted to show you some or discuss with you some information that we've had back from some new traders. You see here at The Forex Trading Coach, we value the whole community. Being part of a team, part of a big group of people, all are here to help each other and to help learn and to help each other becoming successful. That's what we're about, and it's what we really strive to get out of, all of our clients are getting a part of a big group to all participate, all taking part.

And as part of that we send out emails with forms, progress forms, to just basically checking on how people are going. Where they're struggling with, where they're going well, what that they need help with, that type of thing. And so I'd like to read three progress reports that have come through just this week from clients that have joined in the last few weeks. And it's really interesting because what question number seven that we ask is, please tell me what aspects of the course you like the most.

What our new traders like about the course

So Brian wrote and said, “Look, I'm loving the video course and the transcription because it helps me with the key points, and certainly in the past I've struggled with these points about understanding a strategy.” And now he's saying that with the video course he can go and watch them, rewatch the videos as often as he likes, and really understand the whole key strategy. So that's from Brian.

There was one here from Andrew made a number of points. Said, “I'm loving the position sizing and the money management and risk. It's where most traders fail, and I now have a system I can understand. I'm also enjoying the candlestick analysis and price action. It's just what I needed.” And a third point he says is, “One thing I'm really liking is the success stories that you put out there interviewing other traders who have struggled to make trading work for them in the past. Now they're taking your course and have been able to become successful.”

The value of being in contact with other traders

So that's from those two, but the one I really wanted to bring out here as part of the group is from Austin. And Austin says, “I like the forum a lot. While I feel that right now my trading abilities are lacking to contribute to it, it's nice to get the opinion of the more experienced traders out there and talk through a potential trade. I really like the strategy of trading the longer timeframe charts as I work running my business as a builder. I can only check in a few hours throughout the day due to being in construction. I don't have access on my phone, but it's great being able to place trades on the weekly, and the daily and if the opportunity arises, on the 8, 6, or 12 hour charts in the morning. So great to be able to have that kind of feedback.”

And so that's just come through just here from people that have joined us recently. So what can you take away from that? Well, to me it's all about the importance of being part of a group and how that can really, really help you. So never underestimate that. I think it's really important that you get that as part of the package. We have the forum site where we have the chat area and people posting trades on trades that they're taking throughout the day, and it's monitored 24 hours a day. And that's the thing, we've got people monitoring that forum site and being able to contribute, plus of course other traders on there all contributing as well.

And it's the same with the forum site, it's exactly the same with the live weekly webinars where we're trading on live accounts in real time. So you have the ability to type in and ask us questions as we're there discussing things in real time, so it's really important that you get part of the group there. And on those webinars, it's not just, say, myself or Paul just preaching, this is what you should do and this is what we have done. It's us asking everybody else who's attending those webinars about trades. Look, here's the potential setup. Do you like it? What do you like about it? What do you don't like about it? Would you take the trade? Yes, no, where are we putting our entries and our exits? All those types of things. So we make those webinars, those live webinars, really, really interactive because that's when we find that when the clients participate the most, that's when they get the most out of those webinars rather than it being just a lecture.

No-one learns from being lectured

No one really learns from lectures. You think about school or university and some lecturer at the front, just rambling on and on and on, and half the time you fall asleep and you don't really take it in. If you participate and you've been asked for feedback and you've been asked for questions and your opinion, then you have to understand what's happening in order to give that feedback and that's when you then learn the most. You make mistakes, yeah, but you make an understanding. You gain an understanding of what it is you should be looking at.

And I see my screen's just gone blank behind me here, so let me just put that back on. My charts have just closed down, so that's the first part of the video.

Cyber Monday 2019 sale – a great opportunity

The second part of the video is all about a very exciting opportunity for you to be able to join us here at The Forex Trading Coach as part of my Cyber Monday 2019 sale. It's going to be a 12 hour sale. I'm not holding another sale this year. I'm not holding a Christmas sale or anything like that. I do and have done every other year. Reason being I'm moving house in a few weeks time, and so we're going to be holding a 12 hour sale on Monday the 2nd of December. It could be Tuesday the 3rd depending on where you live in the world, but it's 12 hours only and that's it. I'm moving house from where I am right now in Cambridge, in the North Island, down to Nelson in the South Island.

Big, big move for myself and the family. Lots to get done, so we're not going to be holding any Christmas sales at all. This is your last opportunity to jump on board at a great price, crazy price. There will be a link on this page somewhere that will give you the opportunity to register your interest. You're going to get access to the entire full course. Everything that we've developed and put together over the last 11 years will be given to you, so nothing's missing just because it's a sale. It's the full course, the full five star rated course. Go and have a look on Forex Peace Army, do some research online, and you'll just see that over the last nearly 11 years we've helped thousands and thousands of Forex traders.

If you'd like to be part of the group or you'd like to be part of our community, and understand if you appreciate the value of being part of a group and having access to other traders and to full-time traders, then it really is a great opportunity for you to take advantage of. So you'll find the link somewhere on this page. Click on it, register your interest, and then keep a lookout for our emails that follow from there.

So hope you enjoyed this video, and like I said right at the very beginning, do not underestimate the value of being part of a very good group. It's highly, highly important to your trading success. So this is Andrew Mitchem at The Forex Trading Coach. I'll see you this time next week with more trading tips and videos and podcasts. If you have anything else that you'd like me to discuss on future videos and podcasts, just send me an email, [email protected] Bye for now.

 

Click Here to Register Your Interest in the Cyber Monday Sale

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© 2019 The Forex Trading Coach Ltd (NZ FSPR:FSP37396) provides general information and educational courses and materials only. This is not an offer to buy/sell financial products. We do not provide personal advice nor do we consider the needs, objectives or circumstances of any individual. Financial products are complex and all entail risk of loss. Over-the-counter derivative and foreign exchange products are considered speculative because they are highly leveraged and carry risk of loss beyond your initial investment, hence should only be traded with capital you can afford to lose. Please ensure you obtain professional advice to ensure trading or investing in any financial products is suitable for your circumstances, and ensure you obtain, read and understand any applicable offer document.

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