The Hard Truth About Trading Success



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#603: The Hard Truth About Trading Success

In this video:

00:37 – Is trading Forex a real job?

01:42 – How to being a trader lucky?

02:05 – The realities of becoming a good trader.

03:00 – Good things are hard to achieve.

03:38 – Moving to the other side of the world to live.

04:13 – The commitment of becoming a karate sensei.

04:49 – I learned how to fly a helicopter.

05:33 – Playing the guitar and singing.

05:52 – Time to get off your bum and make a difference.

06:44 – What are you going to do to help yourself?

07:35 – Get on my Forex Masterclass.

07:46 – New course pricing structure available.

07:56 – Blueberry Markets as a Forex Broker.

Do you find that when you tell people that you are a trader or want to become a trader? They don’t think that you have a real job, and they think that you might be a bit lucky because you can work from home or just work on a computer. I want to talk about that because I’ve experienced that a lot myself in the last week. Let’s get into it a more right now.

Hey traders, it’s Andrew Mitchem here, the owner of The Forex Trading Coach. A video on podcast number 603.

Is trading Forex a real job?

I want to talk about the human psyche. I find it really interesting. Fascinating. You see, when I started trading some 20 years ago, I had a very young son at the time, and I’d finished being a dairy farmer because of divorce, and people looked at me a little bit strange.

They thought that I was starting this sort of what what was I doing? I meant to be looking after my young son. I didn’t have a real job. I was doing this weird, strange thing called trading on the computer. And I think a lot of people, you know, just looked at me a little bit sideways and thought, this guy’s just lost the plot here.

Why doesn’t he go and get a real job? And then fast forward some, what, 20 plus years later and after just spending the last four weeks in the US on holiday with my wife for her 50th birthday, the amount of comments that I’ve had either in person or online, or email from people to say, you’re so lucky you can do that.

How to being a trader lucky?

And I just find it fascinating, like lucky. How how is like trading lucky? I don’t quite get it, but people just think that because, you know, you’re either sitting at home on a computer or like, we’ve just spent four weeks traveling round on a road trip around the US. They think you’re lucky. And I find it absolutely incredible. And I’m sure if you’ve been trading for any length of time, you probably understand what I mean.

The realities of becoming a good trader.

So I’d like just to sort of set the record straight about what good trading is. If you trade, you know, and if you’re starting to trade or looking to trade, you need to know this. Good trading is not easy. Good trading takes a lot of time investment in yourself, both monetary and time wise.

A lot of frustration, a lot of going round in circles. And it’s not easy because if it was easy, everybody would do it, wouldn’t they? And if it is easy to make lots of money, everybody would be doing it. But the trouble is, most people are just lazy and that’s just the honest truth. You know, hard work, dedication, commitment, effort, those type of things.

Sadly, a lot of people lack, these days. Now, I had a think about this when I was just thinking about putting the video together, and I thought about things that I’ve personally done and, you know, the enjoyable things and how hard they are.

Good things are hard to achieve.

So back when I was a teenager, I was a reasonably good cricket player. Couldn’t bat, but I could bowl pretty reasonably well.

And I played at a, you know, quite a decent level, for my age. Never good enough to become remotely close to become a professional cricket, I thought I was, you know, the next level down and for a little while and pretty good. So when I look back at that, my whole life back then revolved around just playing cricket, talking cricket, eating, sleeping cricket.

That’s all I did. I love cricket, I still love cricket. And the time, the effort, the commitment that went into it was huge.

Moving to the other side of the world to live.

And then fast forward a number of years later, I decided to up and leave England and in my early 20s moved to the other side of the world, the strange place that most people had never heard of called New Zealand.

And you know, again, time commitment, money, effort, to do that and, you know, quite a bit of the unknown. And, you know, people go, oh, you had a crystal ball because New Zealand’s amazing. And you’re up in England of, you know, going to pieces. And it’s like, well, I kind of just had to think about these things and make my own decision and, you know, and do what you feel is right. And so that was interesting.

The commitment of becoming a karate sensei.

And then fast forward a number of years after that, you know, I, got into karate in quite a big way. And again, time, effort, commitment, pain when you’re into that karate at that level. I was teaching people as well. And, all my kids went through karate and, just purely as a voluntary basis, the teaching and, you know, it was just a lot of time and commitment, a lot of travel, a lot of monetary commitment. When you’ve got five kids and, you know, that’s another thing that I got a huge reward out of and loved it.

I learned how to fly a helicopter.

Fast forward a few more years later learning to fly a helicopter. One of the most hardest, potentially dangerous things you can do. But the reward is incredible. You know, we’ve seen parts of New Zealand and flying over places that most people will never, ever get to see in their lives.

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