Podcast:

Your 2 options to trading success

In this weekly video:

00:25 – Father Christmas does not really exist

00:55 – How much money can I make from my trading?

02.12 – You have to be real with your expectations

02:49 – My 2 options for you to success - #1 learn to trade for yourself

03:46 – Options #2 – have my robots trade your account automatically

04:58 – Be real and my conclusions

05:30 – Learning how to trade is so important

As a Forex trader, you need to be realistic, and you need to understand that Father Christmas does not really exist. Let me explain exactly what I mean right now.

Hey traders, its Andrew Mitchem here, owner of the Forex Trading Coach video and podcast number 275.

Father Christmas does not really exist

And I want to explain to you why Father Christmas, or Santa, does not really exist and how that affects you as a Forex trader. So just bear with me here, there's a bit of a story behind this.

So just yesterday, I did an interview for a podcast from a forex trading website over in the U.K. Before we started the interview, the guy said to me, "Do you find that you get comments and emails from people who are completely unrealistic in their approaches to trading?" And I said, "Yeah, absolutely I do”.

How much money can I make from my trading?

And just this week I had a guy that said to me, 'How much money can I make from my trading, Andrew?' And I said, 'Well, it depends.' And I said to him, 'Well, how long is a piece of string?' And I said to him, 'Well really, it depends on your account size, how good a trader you are, what the risk of your trades are, what risk you take per trade. There are so many variables. I cannot say to you this is how much you are going to make per week from Forex, because it's unrealistic to put a number on it.'"

And the guy who was interviewing me said, "Hey I can go one better than that. I had a person who said to me, 'I have 100 pounds in my account, can I make £20,000 per week?'" And the guy was laughing, and he said, "Well, we have to tell people out there," which is why I'm doing this right now, because the expectation is, is that you're going to make an absolute fortune out of your trading straightaway. And the guy said, "It's like telling people that ... it's that memory that you had as a child, when you found out that Father Christmas, or Santa, does not really exist." And it's such a like ... it's a soul-destroying thought, because you have these very high expectation and there's sort of these dreams, and then all of a sudden somebody tells you that it's not real. And there's that big deflation.

You have to be real with your expectations

So, I don't want to be the bearer of bad news, 'cause I've got some great news to share with you, but the thing is, you have to be real with your trading and your expectations. Don't go into trading if you've got like thinking you're going to suddenly give up your job and make a fortune out of your trading from the very beginning, because you won't. Look, I've got clients, and quite a good number of clients who have given up their jobs and are now trading forex full-time since taking my course. But it's taken them a bit of time and some hard work and some dedication. And yeah, they've probably got slightly bigger accounts and things like that. But it can certainly be done.

My 2 options for you to success - #1 learn to trade for yourself

So the good news is, I've got two options for you that will enable you to do well from forex. The first one is, of course, you could look at trading for yourself by taking my five-star rated coaching course. It's been running for over nine years now. The same strategy, you know, we just keep building in terms of the things that we're adding to the course, in terms of now we've got U.S. live webinars every second week. I've got people monitoring the forum site now, 24 hours a day. So it's not just this side of the world that's covered,