The Biggest Mistake Novice Traders Make When Learning To Trade
I wasted a lot of time from years one to four in my trading career.
Being scammed led me to decide to create my unique trading strategy. I used the course material I bought and google to do so. It worked but after years of pain and suffering. If I had continued searching for a legit trading coach, I would've succeeded much quicker.
But I'm grateful because I learned a valuable lesson, which is to always...
Start By Mastering An Existing Trading Strategy Before Creating A Brand New One.
Ignoring this advice, especially as a novice trader, will stop you from succeeding on time.
For that reason, trying to create something new that you don't have experience with is useless. Because it will waste the mental energy and time you need to master what you already have to move forward. Thus committing to grasp the details of a trading strategy will save you from mental battles that hinder your growth. You'll also free up time to develop the following key ingredients for trading success:
1. Trading and Risk Management (Business) Plan.
2. Risk Management edge.
3. Psychological edge.
4. Journalling Habit.
With that said, let me show you how to flourish as a novice trader, below.
Find a legitimate trading coach with a proven track record.
Having a professional trader coaching you through your journey will make it a bit easier and more fun.
But there aren't many legitimate professionals who will make that possible. The industry has a lot of scammers who only make money from selling courses. That's not a problem though as there are traders who live off trading. Your job is to find them.
How?
Do research before buying a course:
1. Pick 2-3 traders you perceive as legitimate.
2. Check if their course will help you develop the 4 ingredients for trading success.
3. Check the coach's Trustpilot for course/community reviews.
4. Do research by contacting people who have bought it.
5. Ask for the coach's trading (Myfxbook) statistics.
6. Join their free communities to ask questions.
Once you’ve found your perfect match, focus on studying and mastering his/her course material till you become a profitable trader.
And while doing that teach other people your skill for free. This will quicken the process of learning, understanding, and mastering. After that form new trading strategies to maximize your gains and sell to other people for extra cash.
Following the advice above, will save you years of pain and suffering in exchange for fun years of rapid growth and success.
So trust the process and you’ll make it.
Being scammed led me to decide to create my unique trading strategy. I used the course material I bought and google to do so. It worked but after years of pain and suffering. If I had continued searching for a legit trading coach, I would've succeeded much quicker.
But I'm grateful because I learned a valuable lesson, which is to always...
Start By Mastering An Existing Trading Strategy Before Creating A Brand New One.
Ignoring this advice, especially as a novice trader, will stop you from succeeding on time.
For that reason, trying to create something new that you don't have experience with is useless. Because it will waste the mental energy and time you need to master what you already have to move forward. Thus committing to grasp the details of a trading strategy will save you from mental battles that hinder your growth. You'll also free up time to develop the following key ingredients for trading success:
1. Trading and Risk Management (Business) Plan.
2. Risk Management edge.
3. Psychological edge.
4. Journalling Habit.
With that said, let me show you how to flourish as a novice trader, below.
Find a legitimate trading coach with a proven track record.
Having a professional trader coaching you through your journey will make it a bit easier and more fun.
But there aren't many legitimate professionals who will make that possible. The industry has a lot of scammers who only make money from selling courses. That's not a problem though as there are traders who live off trading. Your job is to find them.
How?
Do research before buying a course:
1. Pick 2-3 traders you perceive as legitimate.
2. Check if their course will help you develop the 4 ingredients for trading success.
3. Check the coach's Trustpilot for course/community reviews.
4. Do research by contacting people who have bought it.
5. Ask for the coach's trading (Myfxbook) statistics.
6. Join their free communities to ask questions.
Once you’ve found your perfect match, focus on studying and mastering his/her course material till you become a profitable trader.
And while doing that teach other people your skill for free. This will quicken the process of learning, understanding, and mastering. After that form new trading strategies to maximize your gains and sell to other people for extra cash.
Following the advice above, will save you years of pain and suffering in exchange for fun years of rapid growth and success.
So trust the process and you’ll make it.
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