Podcast:

Do You Have Your Trading Year Planned Out?

In this video:

00:45 – Making sure you have 2017 planned now

01:48 - Trading Goals - What are your goals?

02:15 – 2 recent examples to help you

04:10 – Make your trading realistic to do – what makes my course successful

07:05 – Write down your goals now

Have you got your trading year planned or not? Let's talk about that and more right now.

Hi, Forex traders. Andrew Mitchem here, The Forex Trading Coach. This is video and podcast number 209 and the first video and podcast for January of 2017.

Welcome back. I hope you've had a wonderful Christmas and New Year break. I know I've certainly had a great time. Summertime this part of the world here in New Zealand and we've had a great few weeks off trading doing lots of things, family things, flying, swimming, et cetera, doing all sorts of really cool things, but now back into trading.

Making sure you have 2017 planned now

What I wanted to talk about today was making sure that right now at the beginning of January you have your 2017 planned because we all know how quickly time disappears and, all of a sudden, it's the next weekend, then next weekend, then it's halfway through the year. It can disappear on you really quickly. My suggestion is that you start right now today. As soon as you're listening, or watching this video or podcast, get a pen and paper and write down right now all the important things that you want to achieve both trading and personal in 2017. Do it now. Write it down. Grab a pen and paper. Stick it on your wall next to your computer and look at it all the time. Then ask yourself each day: what am I doing today to help knock off some of these goals, to achieve some of these goals, personal goals and/or trading goals?

I can't really help you so much with the personal ones apart from I can honestly say that if you have a goals list, and you look at it, and you try and achieve it, you do achieve them, and it's amazing how much of that list you do get through.

Trading Goals - What are your goals?

Trading goals, I can definitely help you with. You need to decide a few things like what type of trader are you, what timeframe charts do you want to trade, what pairs, what directions? Is it continuation, reversal patterns? Do you want to trade the news? Do you want to trade technicals? How many hours a day do you want to trade? Do you want to trade maybe just a few times a week? What is it that realistically suits you? It's really important to get the part of what suits you and make it real.

2 recent examples to help you

I'll give you a couple of examples. Just today I've had two emails come through my inbox this morning, two different people. One of them said, "Hey, Andrew. Look, I've enrolled in a course and it's all about volume. It's about trading volume in Forex." They're just questioning how that can be. I said, "Well, from what I understand, that volumes are really hard to me in the Forex market because, of course, there's so many different brokers, different feeds, et cetera, coming in." You can't really truly measure volume in a Forex market and this person was not happy with the course they bought. They said it's just not working for them.

The other person wrote to me and said, "I've also started a course. I'm just finding it really complicated. It just revolves around being involved, watching charts all the time, waiting for certain things to happen." They said they're just finding it crazy that in the last month they've been looking at this course, and it's just taking up so much time.

The other thing that was really interesting, which I don't agree with, is they said that as part of a course they were told to use backtesting information and go and review trad...