Everyone’s looking for the shortcut to results and we don’t blame them! Nobody wants to endure years of discomfort for the desired outcome. We want the result fast and we want it now. Social media marketing and modern-day social media platforms have convinced us that everything is available in the snap of a finger, and while a lot of things are, building lifelong skills still requires time, patience, and persistence. There are however ways to speed up the process of honing those skills to produce results much faster than traditional paths. In this article we’ll be breaking down the most proven process for leveling up your trading skills the fastest and how to greatly outperform and outgrow those who do not do this.
Forex Trading Mentorship and It’s Benefits
How have humans always learned? Really think about it. From the moment we’re born, we’re constantly observing the environment around us and those surrounding us. We are taught by our parents, by teachers, and by peers how to behave and how to navigate life. Left to our own devices it would take us much longer to experience all of the dos and don’ts of life.
In a similar way, learning new skills from those with more experience than us greatly speeds up our progress. We advance to the level of those we’re learning from much faster, learning directly from them versus trying to figure it all out on our own. This is exactly the case when learning how to trade the forex markets or any market for that matter.
When we first learn how to trade, we are met with so much new information that it can be overwhelming. Without someone there to show you what to pay attention to, what to ignore, and why each piece of information is important or not important, we are left wondering what to give our attention to and this greatly slows down our development.
The fastest way to becoming the best at anything is to find someone who is where you desire to be in the future and learn from them directly. In this instance, find a trader or community of traders with proven results and a track record of mentoring others and helping others climb through the ranks. You want to be on the search for a community with students who have greatly improved their abilities in a short window of time. Look for profitable trades taken, funded account challenge passes, and account verifications. Look for profit payouts. You want to see concrete evidence like the prior achievements mentioned to prove that this mentor knows how to trade and how to coach others as well.
How to Get the Most Out of a Trading Course
The problem we’ve witnessed with so many trading students is that they do not commit to and stick to one program at a time. It’s so common for traders to give up on a strategy far too early out of frustration that it’s not working for them. The reality is that it takes ample time to learn anything, especially a skill set that has the potential to provide infinite income for life when mastered. If you’re to realize gains from any trading program, you have to use it in its entirety and give it at least 12 months of dedicated effort.
Most trading programs offer some form of video course content, live sessions where you can trade with your mentor over his/her shoulder as well as a community aspect where you can get help from fellow traders and your coaches. At Phantom Trading, we offer this exact combination of services as well as a proven 12-month roadmap to results. The process works and has proven to work for committed students thousands of times over. The only thing that will stand in your way is you and the activity that occurs between your two ears.
What Actually Holds Most Traders Back From Success
It’s not uncommon for traders to believe that their lack of results stems from a broken strategy or that they simply aren’t smart enough or that perhaps they aren’t cut out for trading. The truth of the matter is that most traders don’t achieve success because their mindset is not prioritized or worked on enough to keep them in the game. Most give up because they’re seeking external change when the most important changes and improvements you can make are internal. Correctly setting your mental frame is what makes the top 1% traders the top 1%. They are unshaken by what happens day to day, and they simply show up consistently and do what they need to do whether or not they feel like it or whether yesterday was an up day or a down day. They understand their trading edge and that over a long enough sample size of trades the edge will play out in their favor and that’s all there is to it.
It takes time to build that confidence in your trading strategy and only those who persist through the adversity that learning how to trade presents will ever get there.
Set for yourself the correct frame in that mastery of trading will take time. It’s not supposed to be easy and it won’t be for you either. Go into it knowing this and you’ll be amazed at how much easier the journey goes for you. Most traders struggle unnecessarily because they are constantly at battle with themselves believing that they are progressing slower than they should be, that they’re doing something wrong, that others are gifted in a way that they aren’t and that is why they aren’t seeing results right now. All of this is false. It simply takes time to become great at anything. Trading the markets is no different. Commit to the path and see it through.
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FX Trader & Analyst
Writer & Editor
Rob is a funded trader from Toronto, Canada, and has been trading currencies, commodities, stocks, and cryptocurrencies for over 7 years. Outside of trading he enjoys making music, boxing, and riding his motorcycle.