Claim OwnershipTrading Attraction
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© Christopher Scott
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Learning to trade can be hard and very expensive. My name is Chris and I have been in the industry for 10 years as a trader and coach. If there is one thing I have learned to teach people it's do not waste all of your money on software and training, you need your money to trade with. This podcast is to help get you on the right track.
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So many trading courses out there. All generic, not many to suite the individual trader. It does not help. This is why I don't do generic training I teach you what you need to know.
You need to learn quickly that this is no get rich quick scheme, but it is certainly a get rich scheme. It's taken me 10 years but it's banked me well over 1million.
Trading is not for everyone, I know that. But there is many other ways to make money. Just don't ever google "how to make money online" that's a shaw way to lose all your money.
Everyone needs a coach for anything they are trying to learn in their lives, especially trading. Schools and courses are far too generic. You will learn far quicker through a coach than a course because it's personal. For you.
Steve came to my office some time back, he had been though a rough time and I wanted to help. He didn't believe in the law of attraction or anything of the sort. But he sure does now.
Don't worry I don't have traders locked in a testing facility. Though over the years I have tried so many ways to teach traders and found that the setups are easy to teach. It's them that has to change.
I spoke in my last podcast about the law of attraction. I have never used them words in my trading career although it's what got me hear today. So let rebadge it as trading psychology for this podcast. It's the same thing and it will help you.
I have not told many people this because most traders would think I need locking away but I want to be as honest as possible. I have done all this using the Law Of Attraction.
In the trading industry it's become very hard to find a worthy coach or mentor. Usually the prices are so high that taking a risk can waste all of your money. Figure out what sort of trader you are, get a setup and trade it.
Most people get into trading to get rich, but then they try to beat the system and get rich quick. It's certainly possible to become a millionaire trading, I have done it, but there is a method to the madness.
By now you should have your charting platform and your broker. It's joe time to find your broker and get trading. Only top up what you can afford to lose, at the beginning you are still learning and mistakes can be made. Now get your trading plan put together and start trading.
Your broker is very important, it can make you or break you as a trader, it's where you put your money to trade so finding a trust worthy one is important. In this podcast I talk about some of your options and advise you on who I use and have used.
Charting is important for any technical analysis trader so deciding which one can sometimes be daunting. I always keep my broker and my charting separate so here is which platforms I recommend and why.
Trading Robots are plugins that install into your broker and can place trades for you, but they are not your way out. These bots will only make tiny amounts of money per day. They will not change your life, they can only make large amounts if you already have large amounts of money and they will still be taking lots of trades per day.
Forex and Stocks have a lot of differences when it comes to trading them. Forex is very cheap to trade and a great place to start while stocks can be expensive to trade but a lot more predictable.
I get asked sometimes why I Trade and it's quite simple, it I was looking for a way to top up my salary 10 years ago and I got involved in trading. I was lucky enough to start working with a top trader straight away and was taught the real way to trade. Since then I have had a fantastic income and life! It's easy if you are taught the correct way!
I can help you to trade, I can point you in the right direction, tell you what market to trade, what strategy to use but you are the only one who can make it work. Start believing in yourself, stop learning every course and system. Sit back, relax, figure out what type of trader you are and find a winning strategy and you will make profits.
I held a live trading even some years ago and a trader decided it was going to make him rich by copying our trades for the day. He decided to copy every trade by risking 1000 per point and wiped out his account in 5 trades. Trading is about controlling risk, I will happily take losses on my systems and setups because I know the win is coming to take back all the losses plus profit.
1This comes down to personal preference but some people don't know there is other options to trading. Most courses teach day trading because is it looks more appealing but do you want to be glued to your screen every day? The profit you can make from swing trading can easily outweigh day trading.
Traders like to badge themselves either a technical analysis trader or a fundamental analysis trader and they usually both mock each other but I like to do both. I would not enter any long term stock trade using technical analysis without knowing some basic fundamentals. This has saved my bacon a number of times over the years and stopped me entering bad trades.
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