Surround Yourself with Successful Traders



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#614: Surround Yourself with Successful Traders

In this video:

00:34 – Do you belong to a community of traders?

01:04 – Survey results show people need to be part of a community of traders.

01:52 – The TFTC community helps our clients succeed.

02:40 – Most trading forums are a waste of time.

04:00 – We trade just 1 strategy, and all help each other.

06:00 – There is more to the course than the strategy.

06:29 – Free 1 hour live Q&A Webinar.

06:40 – Book a call to talk with us.

06:45 – Blueberry Markets as a Forex Broker.

07:15 – Surround yourself with like-minded people.

Did you know that one aspect of being a really successful trader is to surround yourself with other successful traders — other like-minded people from all around the world who are out there achieving greatness in their trading and in their lives in general? Let’s talk about that really important topic and more right now.

Hey there, it’s Andrew Mitchem here at The Forex Trading Coach with video and podcast number 614.

Do you belong to a community of traders?

Today I want to talk about a topic that does not get discussed very much. It’s a really important topic though, and it can make or break your trading. It’s about being part of a community — surrounding yourself, whether it’s in person or online, with other like-minded people.

People out there who are trading the same way as you. People who are trying to achieve things in their life in general. I think that’s such an important part of trading, and I know that for you that’s also really important.

Survey results show people need to be part of a community of traders.

The reason I know that is that a couple of weeks ago, I sent out a survey to people who are not my clients — people who have written to me over the years asking for help or downloaded e-books, been on webinars, etc., but have not yet joined. One of the questions was all about trading community, and it actually had the highest single response. With one answer, it was an overwhelming majority of people — in fact, 76% of all respondents — who said that being part of a community of traders just like them and other traders from around the world is the thing that they are missing out on, and the thing that they value most. 76% of respondents said, “Yes, that’s very, very important to me.”

The TFTC community helps our clients succeed.

And so it got me thinking, because one of the things that we really pride ourselves on here at The Forex Trading Coach is our community.

There are a number of ways that we do that. We keep in touch with people, and when I think about how people interact and I look at other ways that people interact online, what we do is vastly different.

The trouble is, out there most social media platforms are full of keyboard warriors — quite honestly, idiots at times — the majority probably of people who are out there telling others what they should and shouldn’t do. People are taking advice from others who don’t really know what they’re doing, and they’re all out there with their own agenda — not really trading.

Most trading forums are a waste of time.

The other thing I used to be part of years ago — and I haven’t for a long time now — is other forums. The problem is they often get overtaken by some clown who thinks they’re going to dominate the forum and they know more than everybody else. A discussion gets out of hand, arguing starts, and it’s just ridiculous.

Or someone comes up with a good idea and a strategy, and a few threads later it’s completely changed because someone says, “Oh, we need to add this,” or “I don’t like that,” or “We need to do that.” And it just all implodes — it always does.

What I find is that, in general, on social media, people are lonely. They think they’re part of a group, but they’re not. Trading by yourself, whether it’s at home or on a laptop somewhere, is lonely.

How many people listening to this right now have friends who honestly know what you’re doing as a trader? Do they think you’re gambling? Do they think you’re just throwing your money away?

Do you have a husband, wife, kids, or parents who just think, “Oh, you’re wasting your time looking at charts, doing silly things, and gambling your money”? As a result of that, you don’t have anybody to contact. You don’t have anybody to speak to. Now, that’s what 95% of people do. What we do is massively different.

We trade just 1 strategy, and all help each other.

Our forum site is full of traders from right around the world — 109 countries — all out there trading one system, one strategy, all helping each other. Multiple sets of eyes looking at the charts at the same time, all helping each other to achieve that same goal of being a good, consistent, or great and consistent forex trader.

Of course, we look at other markets as well — not just forex. We’re taking sell positions on cryptos this week, and you would have noticed that a lot of those are coming down. We’ve got buy positions on some of the U.S. indices, and you’d have noticed that they’re going up. And of course we’ve got metals, etc., as well. We’re all out there doing the same thing. We’re all out there helping each other. We’ve got like-minded people right around the world.

As I mentioned, we’re trading one strategy. We don’t have people infighting. We don’t have clans or idiots dominating. It just doesn’t happen. It’s a great way for people to connect with each other, ask questions, and participate in live webinars, where people from around the world can attend, ask us questions about trading, watch us trading, and discuss trades in real time.

That whole community aspect is really important. We have other groups that are geographically focused so that people can get together if they wish to — physically in person. There are all these additional items that we provide, including personal mentorship and tutoring as well. The community that we’ve developed over 16-plus years is massive.

I don’t think you can underestimate how powerful that is. As I mentioned, from the survey I sent to people who are not clients, 76% said it was really important to be part of a community. Obviously, people out there who are not part of a community face issues — loneliness, self-doubt, and having no one to ask.

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