#567: How to Know If Forex Trading Is Right for You

How to Know If Forex Trading Is Right for You

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#567: How to Know If Forex Trading Is Right for You

In this video:
00:20 – Is trading for everybody?
01:41 – Some people are just lazy.
03:20 – You need to be willing to work at trading.  
03:51 – Trading and Painting.
04:30 – Want to join us – Book a Call first.
04:58 – My 17 minutes Masterclass.
05:05 – Blueberry Markets as a Forex Broker.

Is trading for everybody? Let’s talk about that really important topic and more right now.

Is trading for everybody?

Hey there, Traders! Andrew Mitchem here at the Forex Trading Coach with video and podcast number 567.

Now, I’ve had a few interesting chats this week and I want to bring this to your attention and really want to say, look, is trading for everybody. the answer is absolutely not. And as a result of what I’ve experienced this week, I want to explain why I’m saying it’s not for everybody.

I received a call a few days ago from someone who lives here in New Zealand. He’s not a New Zealander. Believe he’s living here right now. And I had some doubts when I heard the conversation, and I ended up saying, look, I don’t think you should do this. I don’t think trading is for you.

And certainly we’re not a good match. he was, you know, it was all a little bit desperate, needing the money, potentially saying there was health issues. whether there was or not, I don’t know, but, you know, it was quite a sob story, and I’ve only got $300, and I heard it all, and I go, you know, I’ve heard this so many times over 20 years of trading and teaching.

This is not for you. You know, you’re not in a position mentally, potentially physically, financially to do this. And if you jump on board, it’s going to end badly because people like that, desperate for money, they’re not willing to put the time in.

Some people are just lazy.

You know, people can be very lazy, you know, so they just want a copy. In fact, I did say to him, look, you should probably just go and buy yourself a monthly subscription to a signal service, because I don’t think that you’re the type of person that’s going to be putting in the time, the effort, the commitment, to learn and now, important to note that just because you may not have, money today, that doesn’t matter.

The thing that we’re doing is we’re, teaching people how to trade properly, but you still need to put that time commitment effort into wanting to learn how to do it. If you can trade. You can trade on demo. You can trade on small live accounts. You can go through the prop firms, you know, there’s so many different ways to be successful without needing the funds to date.

Now, sure, if you come on board with us, you need some funds to invest in the coaching. You know, we’re not at the giving, our time, our knowledge, our expertise. you know, just for peanuts. You know, we’re posting trades every day without fail. We’ve done this since 2010. We’re on webinars, forums, all those type of things and a proven strategy.

So, yes, there has to be, you know, an upfront fee to do that. You know, we are not a charity. Let’s be let’s be clear about this. But when we have good succes