This week’s episode of Money Mondays is one of the most controversial topics in the trading industry for retail traders. The reason we need to shine light in this discussion is due to the misleading concepts and information available online.
There are primary and secondary focus points that need to be broken down into sections of importance.
- What are your goals?
- What experience do you have?
- Where do you learn from?
- Who do you listen to?
The available resources available to us are:
- Self discovery
The biggest issue this industry faces is honesty and transparency. The fact that 90% of traders who attempt to succeed in trading fail, makes for a huge opportunity for educators, system developers, marketers, industry gurus and self proclaimed experts. This means, the newbie or even struggling trader looking to learn and become successful must sort through all the noise.
In order to separate fact from fiction it’s important to AVOID TALKING HEADS.
What exactly is TALKING HEADS?
- Novice Traders
It’s really important to take what you read, see and hear with a grain of salt and truly ask yourself: Who do you surround yourself with? Sure there is value to be had from some of these sources but its very common for new traders or those stuck in a rut to get derailed by others, fall victim to community noise and more importantly follow the wrong environment.
So where do you go for help? It’s simple.
You need to first look at what is needed to be a successful trader
- Education (market and indicators)
- Application (live learning environment / trading room)
Every trader learns differently. Some learn via self study. Some learn in live markets with trade rooms, some need both. Regardless you need to surround yourself with a type of community that can offer both so you can maximize your ability to advance.
On top of this, you need to be in a learning environment or trade room that actually trades with you. Even if the trade room educators only trade in SIM you still need to see them take trades for educational purposes. There is nothing worse that someone asking you: Did you make that trade? Did you get those ticks? Man that was a great trade did you get it? and you didn’t see any entry, exit or management. People Learn from examples and live demonstrations, especially trading.
On top of this, you need to surround yourself with education, systems, indicators and a framework that you can learn and repeat. People learn in step-by-step linear ways that are easy to digest and even easier to learn with practice.
At NSTA that is our entire focus are:
- Online Education
- Live Trading Room
- Active Community
- Training Frameworks
- Indicators Strategies
- Resources & Downloads
- Full Staff and Support Team
- 1000’s of active traders and clients
The best part of how NSTA approaches the learning process is simple. We provide you the opportunity to join us for FREE in our lie trading room. No Risk, No Hassle, Come check us out. If you like what you see, you feel comfortable and feel good about how we teach, then you can decide if this is where you see yourself becoming an active trader. You need a community! Come Join Ours! Avoid the noise and form your own opinion. We’re certain you won’t be sorry!
Watch Sean develop more on this topic!