Podcast:

The Value from Being Part of a Trading Group

In this video:

00:29 – What happens when you join a group

00:59 – It’s a lonely business

01:25 – Feedback from our trading community

02:17 – What our new traders like about the course

03:23 – The value of being in contact with other traders

05:40 – No-one learns from being lectured

06:20 – Cyber Monday 2019 sale – a great opportunity

Never underestimate the value of being part of a group of like-minded Forex traders. Let's talk about that and more right now.

Hey traders, Andrew Mitchem here at The Forex Trading Coach with video and podcast number 345. Got two really important points to cover in today's video and podcast.

What happens when you join a group

The first is all about understanding and appreciating the value that you get as a trader when you're part of a group. You see, when we start trading, we're pretty much on our own. Most of us are on our own. We start on our own. We're either working from home, you could be working from work as part of your office, on your phone, whatever it might be, but you're generally working by yourself when it comes to your trading, your learning process. You're researching online. You might attend a course, but then you're back home after doing that course.

It’s a lonely business

So very lonely business, quite honestly. It really is. A lot of people don't understand what it is that you do and a lot of people probably doubt what you're doing is good and then you start doubting yourself. So a very lonely business indeed. And a lot of people give up with that and they start blaming the market or the broker and things like that.

Feedback from our trading community

Now, I wanted to show you some or discuss with you some information that we've had back from some new traders. You see here at The Forex Trading Coach, we value the whole community. Being part of a team, part of a big group of people, all are here to help each other and to help learn and to help each other becoming successful. That's what we're about, and it's what we really strive to get out of, all of our clients are getting a part of a big group to all participate, all taking part.

And as part of that we send out emails with forms, progress forms, to just basically checking on how people are going. Where they're struggling with, where they're going well, what that they need help with, that type of thing. And so I'd like to read three progress reports that have come through just this week from clients that have joined in the last few weeks. And it's really interesting because what question number seven that we ask is, please tell me what aspects of the course you like the most.

What our new traders like about the course

So Brian wrote and said, "Look, I'm loving the video course and the transcription because it helps me with the key points, and certainly in the past I've struggled with these points about understanding a strategy." And now he's saying that with the video course he can go and watch them, rewatch the videos as often as he likes, and really understand the whole key strategy. So that's from Brian.

There was one here from Andrew made a number of points. Said, "I'm loving the position sizing and the money management and risk. It's where most traders fail, and I now have a system I can understand. I'm also enjoying the candlestick analysis and price action. It's just what I needed." And a third point he says is, "One thing I'm really liking is the success stories that you put out there interviewing other traders who have struggled to make trading work for them in the past. Now they're taking your course and have been able to become successful."

The value of being in contact with other traders

So that's from those two, but the one I really wanted to bring out here as part of the group is from Austin. And Austin says, "I like the forum a lot. While I feel that right now my trading abilities are lacking ...