Episode Details

Podcast:

Do You Enjoy Sitting at Your Computer All Day?

In this video:
00:30 – A traders’ journey and why so many give up
01:19 – Sitting for hours watching charts
01:47 – When I started trading
02:30 – You find it doesn’t work out
03:12 – Our approach to trading: Less is More
03:34 – I’ve traded just the daily and weekly charts this week
04:00 – A lack of knowledge
05:02 – Trading a variety of charts
05:44 – Have a life and trade well

As a Forex trader, do you really enjoy sitting at your computer all day waiting for trading set ups? If you do that’s fine. But if you don’t and you’d like to know how to change your trading so it’s more enjoyable, I have exactly what you need. Listen up, let’s get into it.

Hey traders, it’s Andrew Mitchem here, the Forex Trading Coach with video and podcast number 325.

A traders’ journey and why so many give up

Now this video is all about how people progress from absolute beginners through to good traders and the reason why so many people tend to give up trading too early, probably. So natural progression is this; you probably have heard about trading, you might have been and done a course maybe it’s online, maybe it’s in person somewhere, big group of people. You may have known someone that’s traded, you’ve looked on forums. All those type of things, you see an ad online somewhere. Whatever is you get into trading with this huge hype and expectation of it’s going to be fun, it’s going to be easy and you’re going to set out your charts and you’re going to see some trades and make some money. That’s how it’s all going to plan out.

Of course the reality is that doesn’t happen, pretty much in all cases actually.

Sitting for hours watching charts

Most people when they start because they have the buzz and the excitement of trading is that they think they’re going to have to sit there and they do sit there and make yourself have time to sit there watching charts. The problem is is that when you’re sat at your computer that’s when you’re making a trade happen, like you’re almost forcing a trade to happen, you’re wanting it to happen, you’re waiting for it to happen. So people tend to take trade set ups that are not really that good a quality.