In this video:

00:53     Having the mindset of an investor
02:45     Trading by maximum 0.5% of your account per trade
04:58     The Holy Grail strategy
06:32     Got some trades working really nicely

It’s time to Think like an Investor in order to be a Profitable Forex Trader

In today’s video I want to talk about why you need to be thinking like a true investor and not like a gambler in order to be a profitable Forex trader. Let me explain exactly what I mean right now.

Hi traders, Andrew Mitchem here the Forex Trading Coach. Today is Friday, the 11th of October 2013. And I want to talk about using some common sense around your trading. Think of your trading as an investor, it is an investment. Look the money that I’ve got invested in my accounts here behind me, you know there’s a lot of money involved. It’s no different to any other investment. It’s no different to buying art, or property or metals or vehicles or whatever it is that you invest in. Forex trading is exactly the same and you need to have that mindset of an investor and not a gambler in order to be a profitable trader. I know that as after ten years of trading I’ve never blown an account. I’ve always used very low risk trading but there’s a lot of other things that I’ve developed that I can really help you with. So let’s talk about them right now.