Sign up to save your podcasts
Or
Share EP26: Should I Copy Other Systems?
Share to email
Share to Facebook
Share to X
Share to email
Share to Facebook
Share to X
Or
EP26: Should I Copy Other Systems?
In this episode of Truth About FX, Walter talks about taking trading courses and mapping out your trading system based on how others do.
Walter highlights how important it is to know and acknowledge your beliefs and psychological barriers that blocks you from becoming a successful trader and why, while it is good to get ideas from others, you should never forget to find your self and trade the way you are comfortable with.
http://media.blubrry.com/truth_about_fx/content.blubrry.com/truth_about_fx/TAFX_-_EP26_Should_I_Copy_Other_Systems.mp3
Download (Duration: 06:00/ 6.86 MB)
In This Episode:
00:35 – what could have gone wrong?
01:31 – sounds funny
02:06 – discover what your blocks are
04:03 – not easy but possible
05:23 – go through the buffet
Tweetables:
Somethings are actually psychological barriers towards financial success. [Click To Tweet].
Overwrite negative thoughts with better ones. [Click To Tweet].
Is it necessary to follow someone else to learn how to trade? [Click To Tweet].
Announcer: Sometimes, forex trading is a wild and wooly place to be. That’s why Hugh is here, to post your questions to Walter, the naked forex guy. Hugh’s got questions and Walter’s got the answers. Here at the Truth About FX Podcast.
Hugh: Hi, Walter! This is a common question that we get. I signed up — or a student will say “I signed up” — for trading educational service, course, whatever. They have a good reputation, they did their homework on the service but they didn’t make any money. What could have gone wrong?
Walter: This is going to sound funny and it’s true there are some scams out there. I think the hay day, the old wild west days in forex are gone, they’re behind us when we all had this fake trading robots. You remember all those, right?
Hugh: Yeah.
Walter: Those trading robots were insane, news are hell and those things don’t generally work. Here’s the deal, there’s one of two things going on: one, you sign up for a scam and it’s a scam.
They’re not making any money, they’re faking the results and usually you can figure that out by looking at the reviews. If the reviews are poor, then maybe that’s a pretty good clue that you shouldn’t really deal with these guys and move on to something else.
More likely, if they’re honest, it’s more likely that it’s actually you. I know it sounds funny but we all have thoughts about money, we have thoughts about wealth. Sometimes these things are actually psychological barriers between us and financial success.
Now, I know it sounds a little bit weird and we’re getting bombarded by messages all day long. A lot of these things are in our subconscious, they’re not accessible, they’re very difficult to dig out of.
This is what I’ll suggest that you do. If you’re having trouble and other people seem to be making money or it seems like it’s a legitimate service, I would definitely look into trying to discover what some of your blocks are.
View all episodes
By Walter Peters (FXJake) and Hugh Kimura (Trading Heroes)In this episode of Truth About FX, Walter talks about taking trading courses and mapping out your trading system based on how others do.
Walter highlights how important it is to know and acknowledge your beliefs and psychological barriers that blocks you from becoming a successful trader and why, while it is good to get ideas from others, you should never forget to find your self and trade the way you are comfortable with.
http://media.blubrry.com/truth_about_fx/content.blubrry.com/truth_about_fx/TAFX_-_EP26_Should_I_Copy_Other_Systems.mp3
Download (Duration: 06:00/ 6.86 MB)
In This Episode:
00:35 – what could have gone wrong?
01:31 – sounds funny
02:06 – discover what your blocks are
04:03 – not easy but possible
05:23 – go through the buffet
Tweetables:
Somethings are actually psychological barriers towards financial success. [Click To Tweet].
Overwrite negative thoughts with better ones. [Click To Tweet].
Is it necessary to follow someone else to learn how to trade? [Click To Tweet].
Announcer: Sometimes, forex trading is a wild and wooly place to be. That’s why Hugh is here, to post your questions to Walter, the naked forex guy. Hugh’s got questions and Walter’s got the answers. Here at the Truth About FX Podcast.
Hugh: Hi, Walter! This is a common question that we get. I signed up — or a student will say “I signed up” — for trading educational service, course, whatever. They have a good reputation, they did their homework on the service but they didn’t make any money. What could have gone wrong?
Walter: This is going to sound funny and it’s true there are some scams out there. I think the hay day, the old wild west days in forex are gone, they’re behind us when we all had this fake trading robots. You remember all those, right?
Hugh: Yeah.
Walter: Those trading robots were insane, news are hell and those things don’t generally work. Here’s the deal, there’s one of two things going on: one, you sign up for a scam and it’s a scam.
They’re not making any money, they’re faking the results and usually you can figure that out by looking at the reviews. If the reviews are poor, then maybe that’s a pretty good clue that you shouldn’t really deal with these guys and move on to something else.
More likely, if they’re honest, it’s more likely that it’s actually you. I know it sounds funny but we all have thoughts about money, we have thoughts about wealth. Sometimes these things are actually psychological barriers between us and financial success.
Now, I know it sounds a little bit weird and we’re getting bombarded by messages all day long. A lot of these things are in our subconscious, they’re not accessible, they’re very difficult to dig out of.
This is what I’ll suggest that you do. If you’re having trouble and other people seem to be making money or it seems like it’s a legitimate service, I would definitely look into trying to discover what some of your blocks are.