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In this video:

How are you going to ensure that 2024 is the year that you become a successful and profitable trader? Let’s talk about that and more. Right now,

Hey there, Traders! Andrew Mitchem here at the Forex Trading Coach with video and podcast number 532.

Why you need to make this year your trading year.

It is all about 2024. How are you going to make this year, the year that you become a successful trader with no doubts at all?

This is the year for you to do it. How are you going to do that? Well, have a look around the world and I’m going to show you why you need to do it first. You know, you have a look at what’s happening around the world with cost of everything, inflation rates. You know, look at how much it costs to book a flight.

Look at how much good quality food cost these days and how many people are out there. Cannot afford good meat, good vegetables. And so therefore, they’re living on really poor, low nutritious food because that’s all they can afford and sugary drinks and things like that. You know, it’s everywhere. Look around your town. How many shops in your local town do you see either closed or boarded up, you know, going out of business and people can’t afford to pay staff. People aren’t going to restaurants.

Australian employment figures crash.

There’s all these kind of issues going on out there and, you know, look at just yesterday from Australia, across the ditch in Australia, their monthly employment figures, they were expected to have 15,000 jobs created. That result came out as -65,000 jobs. So look at the job losses going on around the world.

So put all that together and everything else that’s happened over the last few years and the craziness that’s going on in the world.

And, you know, you realize you’re kind of on your own. You’re fighting for yourself. So event doesn’t give you motivation to go. You know, this year I’m going to learn how to trade. Then I can’t help you.

Give yourself plenty of time and seek help.

So let’s start sensibly. Let’s give ourselves time. While it’s not absolutely critical, you see, when I get people come to me and they go, Andrew, I want to give up my job, you know, in two months time, and I want to become a full time trader or I’ve got, you know, like $500 and I want to make, you know, like $10,000 a month type of thing.

You know, I get these crazy questions all the time. You know, those people aren’t real. Now, the important thing is, is with anything that you’re learning to do is to seek help from people that are successful in that field and also to start slow. Don’t rush. Do the groundwork properly. If you’ve ever done any form of painting inside your house, let’s say the preparation is the boring but important work putting the paint on at the end, the last coat of paint, which makes it all look nice and shiny.

Yeah, that’s the easy bit, but unless you do the preparation first, the rest of it is going to fail. So trading is exactly the same. So while we’re not under this and, you know, massive pressure of needing to have to make money today, you know, for most people around the world, the world’s still surviving just while we’re at that stage. Use this kind of lower pressure time and say to yourself, I’m going to dedicate this year to learning how to do this properly.

Joining a community and start on a demo account.

You’re going to start with understanding a strategy, getting some help, joining a community, and that’s where we can help. But when you do that, it’s still important that you start slowly. You should start on a demo account.

Now, I know it’s boring and I know that you’re not going to make money for real on a demo, but it’s crucial that you become successful first and spend two or three months ironing out those errors that you’re going to make and then becoming profitable on that demo and then start on a small live account. And it doesn’t need to be big.

It just becomes real money of your own. The emotions start to come into play. It hurts when you lose money. It’s great when you make money, but you need to get into that emotional state that trading is and try and control those emotions. And then it’s up to you where you go from there. You can either go, Yep, look, I’m in a position where I can invest some more funds into my personal account or you go down the proper firm route and you go down that you know that direction. And we can help you with that because we’ve got so many clients doing that very, very successfully.

Start with the basics.

But it all comes back to the basics and learning right now how to do this properly. Making sure that you control your risk, control your emotions, you know, when to trade. You know what you’re looking for. You’re not getting burnt out.

You know, you can still do this with your current job, with your family situation, with travel, whatever it is. And that’s why we’re coming up to 15 years this year as the Forex Trading Coach. That’s why we’re still enthusiastic about it. That’s why we still love doing it because we’re not glued to our charts all day long. You know, we’re enjoying what we’re doing, We’re making money.

We have very low drawdowns. We have high reward to risk trades. It works on your own personal account, it works on firm accounts, and you can make substantial returns once you know what you’re doing. But give it time first. I can’t stress that enough.

Trade through Blueberry Markets.

If you’re out there looking for a broker, I can highly recommend Blueberry Markets. The best across in Australia.

Most people around the world can open the catch them. You cannot if you’re in the US. But we have other options such as? Like our. And if you’re in the US to consider as well.

Attend my Masterclass and book a call with us.

And the other thing is also, if you’ve not been on my masterclass, dedicate an hour, it’s prerecorded so you can jump on whenever it suits you.

Dedicated, give yourself an hour and go, I’m going to turn off all the social media stuff. I’m going to turn off a phone. I’m just going to sit there for an hour and listen to what Andrew has to say because that could be a crucial hour in your first step to becoming a successful trader this year.

And if you’d like to book a call to talk to either myself, one of my team, I’ll put a link to that as well. You can book out a call, a 45 minute call. We can discuss you trading where you’re needing help, how we can help you teach you all about trading and what we do and how it works for so many people. So I’ll put link to all of those on this video and podcast.

if you have any questions or topics that you’d like me to discuss to help you with as we get into 2024, please do send me an email [email protected] or leave a comment below. Bye for now.