5 Reasons Why Good Education is the Cheapest Investment in Yourself

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#508: 5 Reasons Why Good Education is the Cheapest Investment in Yourself

In this video:
00:43 – #1 To gain a good and proven trading strategy
02:13 – #2 Someone to learn from every day
04:04 – #3 The power of community and power
04:58 – #4 Discussing new products and ideas with other traders 
05:48 – #5 Don’t reinvent the wheel
06:40 – Blueberry Markets

I’m going to give you five reasons why. Good forex education is the cheapest investment you can ever make in yourself. If you want to be a good forex trader. Let’s get into that more. All right. Not.

Hey there traders Andrew him here at The Forex Trading Coach with video and podcast number 508.

So I want to give you the top five reasons why I see that investing in good education, I mean, good education, not just any education, but good education can be the cheapest investment in yourself that you ever make. So let’s get into it.

#1 To gain a good and proven trading strategy

So first thing is strategy number one has to be the strategy. If you are investing in a good forex education and company and a good course with a proven track record and longevity, and it’s the kind of strategy that works and suits you and your personality and all those type of things. That is ultimately what we’re all out there looking for.

It’s the holy grail of trading, isn’t it? Because what you’re doing is by joining an education course, you’re basically taking on their strategy. You don’t need to spend hours and hours, countless thousands of hours. And some people, you know, going ran around in circles looking for a strategy, adding this indicator, that indicator and looking at the news, not looking at the news, combining the two.

Not sure what you’re doing. Don’t know that different time frames, all those type of things that everybody has been through. It took me four years to come up and create the strategy that I am currently using and have done so for the past 15-16 years. And so four years of going around in circles, wasting an incredible amount of time and money to get there.

Luckily, my strategy has never changed since I’ve created that. Why build? Because it works. So the strategy is definitely number one. With us you get everything included in that. Like you don’t need to find more indicators or more trading software or anything like that because we provide it all. So that’s number one.

#2 Someone to learn from every day

Number two, someone to learn from and to follow. And that I think is also very, very important when you go on board with a good trading company and good education with what we do is we provide daily trading suggestions. So every day, based off the daily charts, we provide specific trades with the currency pair all the market, if it’s like a metal or a crypto indices, etc. the market, the direction, a paragraph of reasons why we’re looking at taking that trade plus the exact entry and exit levels.

So what does that do for you? Well, hopefully if we get this right more often than not, because we’re taking these same trades ourself, you will make money. Number one. The other thing, of course, is, is to train your eye in real time. This is what we are taking and why we’re not hand-picking cherry picking the best trades and showing you just the really good ones and ignoring all the poor ones.

We’re not doing that because of course we’re putting our neck on the line every day and saying These are the trades we’re taking. And what whether they’re profitable, whether they lose, we don’t know at the time. All we can do is use our strategy and identify the setups that look good to us and take them. Now, luckily every and not luckily it’s skill, but luckily for you is that every year since 2010, when I started posting our daily trade suggestions, they have been profitable every single year.

So having that information to follow, learn from on a day by day basis, to train your eye to educate yourself is crucial. Now, from our point of view, we don’t want people following what we do every single day. But when you start having that information to follow and to learn from and learn from is crucial because over time you’ll develop of a knowledge of how to do this.

For yourself. But why you’re learning for the first 6 months, 12 months, I think it’s really important to be able to follow someone on a daily basis.

#3 The power of community and power

Number three Community. You cannot underestimate community and how important people are to us, those traders. Just look at the last few years when all around the world people were in lockdown like this crazy COVID lockdown.

Look how you missed people and look how you miss community and look how you missed travel and when you think about it from a trading point of view, trading can be a little bit like a lockdown. You sat there by yourself. No one knows you really doing it. You sit in that kind of by yourself and it can be quite lonely.

No one to communicate with, no one to talk to. And community is a massive part of what we do at The Forex Trading Coach with our fantastic Forum site. And also we have live weekly webinars where we’re trading on live accounts for people sorry in front of our clients as well. And so that’s really, really important.

#4 Discussing new products and ideas with other traders 

Number four new ideas, talking about new ideas, new software, new brokers, just discussing what’s actually happening out there in the Forex world and in the markets in general.

And anything to discuss ideas with like this is crucial. And another part of just being part of a community and, you know, being able to email us, being able to talk to us, being able to ask us on the forum site, being able to ask us questions on the live webinar, all that’s important. If you suddenly like the last two or three years, we started talking about Prop Firms. To talk to other people who are using the strategy really successfully on Prop firms.

I’m talking to prop firms all the time. And so asking me, you know, which prop firms are better than others, you know, that type of thing is massively important as well.

#5 Don’t reinvent the wheel

And lastly, number five, don’t reinvent the wheel. You don’t need to. I’ve already done it for you. And that’s the you know, the important thing when you come on board.

Yes, there’s a fee. Of course there’s a fee. And these people out there that think they’re going to get something for nothing, you know, you’re clearly not in the right place. If you want good quality education and plenty of free stuff out there on, you know, TikTok and places like that, if you want that. But it’s not going to work.

But if you want good quality education, of course you got to pay for it. But don’t reinvent the wheel. We’ve done that. We have the strategy, the software, the structure, the trades, the webinars, the support team, people around the world helping out to make this work. So that’s my five Tips for why good education can be the cheapest investment in yourself you’ll ever make.

Blueberry Markets

If you’re out there looking for a broker, I can highly recommend blueberry markets. They base over in Australia. Really good broker. They use the Metatrader 4 Metatrader 5 platform. I’ll put a link to blueberry markets here. I’ll also put a link to my forex coaching course, my five star rated forex coaching course that’s been running since 2009, so I hope that helps.

Just consider educating yourself and investing in yourself because it’s going to shortcut massively both time wasted money and frustration potentially giving up. It’s going to shortcut all that and give yourself a real good chance of success. I hope that helps this is Andrew Mitcham here at The Forex Trading Coach. I see this time next week. Bye for now!

Episode Title: #508: 5 Reasons Why Good Education is the Cheapest Investment in Yourself

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