#438: Reading a Book Will Only Get You So Far

Online Forex Trading Course

Reading a Book Will Only Get You So Far Podcast: Click Here To Learn More About Blueberry Markets Click Here to Learn More About the Course #437: How to Easily Calculate Your Position In this video: 00:29 – You need more than just theory from a book 01:06 - What our clients get out of our live weekly webinars 03:19 – Another example from my experience of flying 05:02 – Send me your questions for the brokers 06:23 – Trading and Flying in real time Reading a book about trading will only get you so far. In order to learn how to trade correctly for yourself in real time, you need much more. Let's talk about that and more right now. Hey traders, it's Andrew Mitchem here at The Forex Trading Coach with video and podcast number 438. You need more than just theory from a book Now, when you read books, you're only going to get so much information. Sure, they can be good to give you some good background information, some grounding, understanding what to look for and candle patterns, that type of thing. But in order to trade correctly, independently, and in real time, you need something more. And that's why here at The Forex Trading Coach we offer our clients our live two-hour trading room webinars every week. I hold the European session, and Paul Tillman, who works with me in the U.S., holds the U.S. session the following week. What our clients get out of our live weekly webinars When our clients attend those sessions, they get something really special out of all of them. You see, because they're live, they're not pre-planned, they're not scripted in terms of knowing what's going to happen. We are not covering up trades that maybe don't work. All those kind of things that you could kind of think elsewhere would probably happen. Because they're live, they real time, we're talking about trading, we're seeing trades, and we're taking trades. That's how you can then learn. Because, you have to do this for yourself. You have to put the theory into practise and have chart time and real-time thinking time in order to do this properly. And that's the beauty of the webinars. Because, we really encourage our clients to interact with us on those sessions. They're real time so we don't know what's going to happen. If we see a trade set up, of course, we go, "Yeah, I'm taking the trade." We don't know whether it's going to be a profitable trade or losing trade because it's real time. But, what the client gets out of it is our thought process, our understanding, the mental sort of structure that we go through in terms of analysing a chart and seeing a trade in real time and taking it and why we're taking it. And that's the bit that's invaluable. You see, you can do that and practise that and follow along in real time whilst watching the webinar, and it gets you into that mentality of what to look for, what to do, in order to make yourself a successful and independent trader. Now, sure, we have ways that our clients can follow us and copy what we're doing in terms of our daily trades, things like that, things that we post on our forum site, but the webinars are just invaluable because they're all happening right now. You can talk about that, you can discuss it, you can get the whole picture, and that's the key. And so, by doing that, you're going to make yourself a far better trader, by attending those kind of webinars, and seeing or listening to what we are thinking at the time. Another example from my experience of flying And I'll give you an example that I've experienced in my life. As you probably know, I fly helicopter. Now, when I learn to fly, I ask my instructor about hovering, because it's one of the hardest things you can ever do with any machine ever. It's so difficult to learn how to hover a helicopter. I nearly gave up so many times when I was learning how to hover. It's incredibly hard. And I wanted to ask my instructor what I needed to do. I was paying a lot of money to him per hour,