NOT JUST A TAGLINE…
here are numerous ways of becoming a profitable trader and there is not one single recipe to make that happen. As you may have already deduced, trading is quite simple once you understand the basics of how a market operates. There are buyers and there are sellers and price will either go up or down. The goal is to make money on making the right call on direction and managing that trade correctly thereafter. Although simple as a concept, the emotional demand is always underestimated and far too many new traders don’t pay enough attention to this fact. Trading properly requires an individual to act against their natural human tendencies and they need to learn to reprogram how they think and how they act.
Since everyone is different and everyone has different goals, backgrounds, experiences and numerous other idiosyncrasies, the logical and most reliable way to approach trading education is by working through the entire journey like you’d approach a business plan.
As with a business plan, it is normal and completely expected to wonder and ask yourself questions like – where do I start?
As mentioned before, becoming successful in trading is a journey and there are several paths that lead to this same destination. However, there are three key guiding principles that every successful trader has come to understand and value above everything else.
- Successful Traders
- Unsuccessful Traders
Your best asset as a trader will be to find an experienced mentor who is above all “a true trader”. Indeed, there are still far too many great marketers in the industry. Those who will promise you the world but who really spend most of their time editing Youtube videos with enticing headlines or advertising on Facebook. These same pseudo traders who market training courses of 30, 40 and sometimes well over 100 hours for as low as 300-500 dollars. The truth is, even the best selling courses or the longest online trading course can only cover a limited number of trading permutations. When you are faced with a unique scenario in the markets and your money is at stake, you will need the help of someone more experienced who can help change the way you think and how you approach every scenario rather than just a few.
A mentor ensures constant accountability and makes sure you get the basics right from the start so you can avoid costly mistakes. In fact, if you develop bad habits or integrate psychological biases and cognitive errors at the start of your learning, it will be all the more difficult to get rid of them later. Remember, your mentor would have faced the same obstacles, would have had the same apprehensions and above all, would have made the same mistakes. The cure to cancer will never be discovered if every scientist starts from scratch. We need to continuously build on the decades of research and experience already published by other scientists to continuously push forward and find that cure. The same idea is applied in professional trading, why start from zero when you can streamline your education with an accredited mentor? After you learn from someone who’s already successful, after that, go off on your own and build on that experience.
We are all guilty of procrastination at some point in our lives. Guilty of letting inertia and inaction lead to failure. Trading, however, is not a daunting household chore or a homework assignment. Trading requires an important structure consisting of rules and probabilities that come together with the goal of producing a substantial financial reward.
We live in an increasingly connected world where information circulates in a free-flowing fashion, without friction and often without oversight every second of every day. In fact, most beginners often have the feeling of being lost, feeling overwhelmed by the weight of all this information. Registering for an online trading course can have an initial cost, but the benefits it will deliver in terms of structure, essential knowledge and support remain invaluable. In addition to having instant access to essential trading knowledge, a trading mentor is available to answer all your questions, sense check all your ideas and help you develop and implement your own winning trading strategies.
New traders generally have the annoying tendency to look for shortcuts and look to take tremendous amounts of risk in an attempt to convert $100 into $10,000 within 1 hour – that’s not how professional trading works. These new traders therefore allow themselves to be coaxed by so-called traders without any verifiable results who are eager to sell them the holly-grail solution and guaranteeing that they have “cracked the code” and now beat the market 99% of the time – spoiler alert “they do not”.
Not only is this statistically impossible, but it is very effective in attracting traders who are too lazy to invest the amount of work necessary to be truly successful in trading. Every trading strategy will produce losing trades and that’s part of trading and a professional course will teach you how you can be incorrect more often than correct and still walk away with a profitable return at the end of the month through proper risk, position and money management techniques.
While it may seem tempting at times, it is in your personal interest not to put the cart before the horse. We cannot stress enough how important it is to take the time to familiarize yourself with the concepts of risk first. As you progress, you will learn to trust yourself, stick to a solid trading plan, and success will naturally follow given enough effort and commitment.
The first and most important investment you’ll make in your trading career is that of education. It is the most important step for any beginner trader who wishes to succeed in the long term and eventually be part of the 5% who are able to strip out profits from the market on a consistent basis.
A trading background will not only make you a better trader, it will also save you a great deal of money in the short and long run by helping you avoid those disastrous emotional traps that lead to you losing several incredibly large trades – all because you lack an understanding of basic market dynamics.
AND IF YOU LEARN TO TRADE WITH REAL TRADERS FOR ONCE…
The numbers speak for themselves! Statistically, 80% of traders give up during the first two years and 40% of them from the first month. The reason? A series of brutal consecutive losses which comes mainly from the lack of knowledge and false expectations. You will need a lot of time, patience and money to survive the first year without a solid foundation of knowledge and adequate support. You could spend years tirelessly repeating the same mistakes over and over again without a real definitive outcome or measurable and significant improvement.
Of course, this will have an impact on your mental and emotional state and you will find it very difficult to compete with experienced traders and those who are mentored. If you persevere long enough in trading, you’ll realize you need to find a mentor who’s traded full-time and not a novice who, having failed as a trader, has proclaimed himself a teacher.
The good news is that we are traders above all, unlike many, our results are verifiable and are available in our exclusive signals group as well as in our monthly performance reports found on the homepage. We use the very same techniques we teach in our trading courses when we issue daily trade signals to our premium clients – that’s the big difference.
tHE PLAN THAT MATCHES YOU
A PLAN THAT MEETS YOUR NEEDS
MENTORING PLANS OF 6 TO 24 MONTHS
If you’re not profitable yet, our system will show you why and teach you how.
If you’re earning money, we should be able to show you how to earn even more by going through your trading history.
From the start, our mission has been to democratize success in the world of trading and make it universally accessible to all. Today, we are proud to count members from all over the world. Individuals who have chosen to turn to a reliable team with the goal of educating themselves on traditionally complex subjects and make the necessary changes to become successful in trading.
We consider it a privilege to be able to help traders and as technology and trading continue to evolve, our commitment will always remain the same: Provide traders with the tools and resources they need to become successful in trading.
To be a source of inspiration and innovation for every Trader * in the world. (* If your goal is to become a trader, then we will make you a Trader).
Continuously push you to become the best version of yourself.
By giving you access to the tools and insights you need in order to become a successful trader!
This post is also available in: French