Episode Details

Podcast:

How to Protect Your Capital

In this video:
00:46 – You must preserve your capital
01:08 – To help as many traders as we can
01:37 – 10 years of profitable trades on our membership site
02:51 – Forget about making pips
03:17 – The problem with most traders

Looking to protect and preserve your capital is key to becoming a good trader. Let’s talk about that and more right now.

Hey, Forex traders, Andrew Mitchem here at the Forex Trading Coach with video and podcast number 343. I thought I’d come outside today. We’re still in Cambridge in the North Island. Cherry blossom throughout the entire street, absolutely beautiful in springtime this time of year. We’re moving down to Nelson in the South Island at the beginning of December. So while here, I thought I’d just come outside and take advantage of this. So, if you are on the podcast, sorry, but you can’t see the beautiful trees behind me.

You must preserve your capital

Let’s get back to the topic in hand about preserving capital. You see, most traders lose capital. It’s hard money that you’ve earned to get into your trading account. Why blow it? Why do stupid things to throw it away? As traders, we’ve got to understand that we’re in a business here. You’ve also got to understand that the stats suggest that about 90% of traders lose money. So, here at the Forex Trading Coach, we’re about turning that around.

To help as many traders as we can

Our mission is to help as many traders as we possibly can. And our mission, also, is to help traders preserve their money, preserve their capital, so they can enjoy trading and understand and gain the benefits that trading offers, but only once you understand and know what you’re doing and have confidence in your strategy.

There’s many things that we do here at the Forex Trading Coach in order to help our clients, not only have a strategy, of course that works, is that we post daily trades each day of the week.

10 years of profitable trades on our membership site

And over the last 10 years I’ve been publishing those trades every single day for 10 years of the trading week. And do you know, not one single y