Episode Details

#335: What Makes a Good Forex Trader?

Published 6 years, 4 months ago

Description

Podcast:

What Makes a Good Forex Trader?

In this video:
00:24 – Characteristics of a good Forex trader
01:08 – Results from trading and travelling
01:56 – The Person, the Trader
02:31 – The amount of work behind the scenes
03:05 – What you need to become a good trader
05:15 – Don’t be scared to take a trade
05:58 – Forget the money, focus on the percentages
06:58 – Contact me if you have any questions

So you want to become a forex trader, but what makes a really good forex trader? Let’s discuss that and more right now.

Hey traders, Andrew Mitchem here from the Forex Trading Coach with video and podcast number 335.

Characteristics of a good Forex trader

And I want to give you some information about what makes not just an ordinary trader, but what makes a really, really good forex trader. What characteristics do they have that other traders don’t have? Because everybody has the dream when they start trading of flashy, fast cars, or beaches, or travelling, and all those kind of things. And look, it can be done because it doesn’t matter whether you want to be trading for the enjoyment of it, for the passive income, or for a full time career because you hate your job. It doesn’t really matter, any of those, because there’s characteristics that make good traders and bad traders.

Results from trading and travelling

And if you’ve been following me over the last few months, you would know that in July I had a family holiday, or vacation, if you’re in the U.S., over to the U.K. and Europe, and in that time I traded for 10 to 20 minutes once a day, took the trades that I placed on my membership site, and we made over 6% in the three weeks I was away and made another 6% in the two weeks that I got back. If you watched my video and podcast from last week, you’d know that we made plus 7.4% in the week on the membership site, all with low risk, by the way. And this week, we’re up by 1.7%. So it can be done, and the trades are there, the setting up; everything’s all able to make your money. That’s not the difficult part.