Podcast:

The Importance of Good Quality Education

In this weekly video:

00:25 – The internet is full of Forex education

01:03 - Not just education but you need “Good Education”

01:55 – A call from a trader in Texas

02:50 – We are real traders not a call centre

04:04 – A trading example from the CAD/JPY D1 chart

05:55 – Learnt more in a 15 minute call than from a paid course

06:30 – We’ve been helping traders for almost 10 years – that’s real proof

Let's explain the importance of getting educated, not only that, well-educated with something that works. Let's talk about that and more right now.

Hey, traders, Andrew Mitchem here from the Forex Trading Coach, with video and podcast number 308.

The internet is full of Forex education

I've got a story to share with you regarding a phone call that I had this morning from a guy in Texas over in America, but more about that shortly. The point that I want to make here is online, you will find forex education everywhere. You'll even find it physically in your own local town or city as well, but like with most things online, there are a few good things, and quite a lot of average, and an enormous amount of rubbish, trash, whichever word you want to use, and that's what the online world is like, and forex education is exactly the same.

Not just education but you need “Good Education”

You see, getting yourself educated is good, but getting good education is what makes the difference. Not just getting a course, and assuming that's going to fix all your forex problems. It's finding the right course, something that suits you. It's finding a group of traders who trade profitably successfully, enjoy what they're doing, happy to share the knowledge, all those kinds of things, and something that works for you, in terms of your available time, all those kinds of things. Really important that you seek good education, something that's proven, so ... That applies to anything in life. You could be learning a sport, you could be learning a musical instrument, you could be learning anything. You've got to get yourself not just educated, but good, correct education. This is exactly the same in the Forex market.

A call from a trader in Texas

So back to the phone call that I received from the guy in Texas this morning. He phoned me up and said, "Hey, Andrew, look, I've been with this course over in America. I'm finding I'm not winning, I'm losing money. My risk is really high. They're suggesting I trade 3% risk per trade. I'm trading 15 minute timeframe charts. I can't get hold of anybody, and when I do, they reply by email a week later, different person all the time." It just sounded like this guy has really fed up. He'd invested considerable amount of money and time into this company, and it just wasn't working for him, but it was more the actual, the whole process, the whole strategy, the followup process, the lack of support. All that was frustrating him, so he searched online, he found me at the top of Google, gave me a call and we had a really good chat about how I trade, and how I can help him progress further with his trading.

We are real traders not a call centre

During that conversation I said, "Well, first of all, you know, we're real traders. We're trading. Here's the chart behind me here. We're trading in real time." On our webinars, we trade live in real time. On our daily trade suggestions we put out there for clients to copy, and follow, and learn from. I said, "By the way, this week we've suggested five trades, all five have hit their profit targets so far." We're taking half percent risk, total portrayed with a quarter percent risk at the market order, quarter percent at a retracement order, and again, all these levels are explained and in the course until you get to know how and why to take those trades. We're taking very, very low risk per trade, but we're up 3% just by sort of following the daily trading suggestions just this week.