When you first start to trade, you can quickly become lost. Whether you know it or not, you have no idea which challenges lay ahead, and how could you?
I blew my account several times over when I first began, because I had no one to guide me and as a consequence I kept making mistakes. It isn’t easy to know where you are going wrong, and it’s even more difficult to know the solution. This confusing, frustrating phase of trading is where most new traders remain. They remain lost, and they ultimately do not make any money.
The Two Traders was founded so that aspiring trades can avoid joining this category. To become a profitable trader was a difficult journey for me, but it doesn’t have to be that way for you. There are lots of benefits to being part of a trading community which can save you a lot of time, effort, and money.
1. Learn from the experience of others
You will be provided everything you need to learn how to trade in my 7 Step Trading Course so you don’t have to spend weeks, or even months, scouring the internet. However, a crucial part of trading is the learning to handle the psychological aspects, which comes with experience. You will learn everything I know, from the habits you need to adopt to the pitfalls you need to avoid, so you can become a better trader!
2. Share trade ideas
There’s no way you can be watching all of the markets, all of the time. By being part of a community you can get trade ideas from others and see if other people agree with your analysis. This will give you greater confidence in your execution, increase the number of good setups you see, and ultimately increase your profitability. I share all my trades on the Facebook group, but you will have to set up an account here to follow all the trades. Start receiving our Forex signals by signing up to our signal and chatroom service.
3. Support you through those difficult times
Trading comes with a whole host of psychological challenges. If you have never experienced them before, then it can be hard to come out of the other side. This is unfortunately what happens to most people who try their hand at trading. They lose a few trades in a row, they can’t handle the drawdown and they quit. These are the same people who you will hear saying it is ‘impossible to profit from the market’ and feel like the whole world is against them.
Here at The Two Traders you will learn how to handle these psychological barriers and you can always email me personally (email@example.com) for questions or discussions on something you are struggling with.
4. Keep things interesting
The markets aren’t like the Hollywood movies would have you believe. Life isn’t like Wolf of Wall street – the markets aren’t always crashing or booming or swinging wildly. In fact, much of the time there just isn’t a whole lot going on. This is why I personally prefer to trade only 15 minutes a day to make my profits, because I find staring at the screen can become a little boring. It depends highly on your personality as to which trading style will suit you best. As such, it can be great to meet some like-minded people who as well as sharing trade ideas with, you can share a joke or two.
5. Keep learning
When you do anything on your own, it is easy to get stuck in a particularly way of thinking with no one to challenge your views. You therefore stop improving and developing. Constant learning is one of the key habits that makes a successful trader and I keep learning new ideas even today. I wouldn’t have developed to where I am today if it wasn’t for the trading partners I have had through the years. Keep an open mind, and be willing to accept new ideas. The markets are always evolving and so should you.
If you want to start trading, there are two paths you can take. You can take the tough route and learn on your own, like I did, or you can join the community and take a lot of the stress out of the journey. If I could go back in time I know what I would do.
The Two Traders