Can a Trading Coach really make a difference for you?

Discussion in 'Forex Education' started by 4xtradingcoach, Nov 7, 2012.

  1. 4xtradingcoach

    4xtradingcoach Active Trader

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    Yes, coaching can help the struggling trader.
    Of course there are many factors to consider. Is the coach qualified?
    Is the coaching you will receive the right set of tools and strategies for you?
    Are you ready to be coach and will you follow through with the coaching?

    When it comes to coaching for traders, I believe its a serious matter since every mistake a trader makes, will likely cause them to lose money.

    At first, I think trading appears to be easy to master especially from a relatively intelligent individual who has a significant amount of success in a prior endeavor.
    But as we all find out, this is further from the truth.

    In my experience as a trading coach I have seen the biggest and lasting improvements come from individuals who have a background in sports or something related that required the individual to train and remain disciplined with a high level of focus.

    According to a study by the international Coach Federation,
    the outcomes that clients most often attribute to their coaching are a higher self-awareness, a more balanced life, smarter goal-setting, much lower stress levels and greater self-confidence.

    Honestly, coaching makes all the difference between a career of mediocre results and one of excellence and undreamed achievement. It is simply too difficult for most traders to understand technical trading systems and how to read the market like an experienced trader, from a book or a thread on the forum.

    If you are a daytrader or a swing trader, investor or active trader, you can certainly benefit from hiring a qualified trading coach who will be in your corner to help you achieve your goals. And the cost is much less considering the potential for loss. We all know that making mistakes continuously as a trader can ultimately lead to the loss of all capital and unfulfilled dreams and promises.

    Joseph Fibonacci
     
  2. fxdaytrader

    fxdaytrader Trader

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    I think you are making quite a point here!!
    Very well stated!
     
  3. avwrites

    avwrites Trader

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    So who do you recommend?

    Finding a reputable coach or coaching service is about as hard as finding reliable info on the forums...Most think coaching is for suckers, though for a little bit of $ I think it could do someone like me who is new to trading and short on time a world of good. I was looking at Tradesight.com but am still hunting.
     
  4. acarrollfan

    acarrollfan Trader

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    Hmm.. I agree with what you say man.

    There is a saying that goes, "How you do anything is how you do everything."

    I guess if sport athletes discipline themselves in sports, they also discipline themselves in eating and drinking habit.
     
  5. ezekiel chew

    ezekiel chew Trader

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    New traders are advisable to undertake some formal trading. It save you time and effort searching the internet for information which is like zigzag puzzle which you have to put the pieces of information together. Take a formal training will have all the neccessary and fullinformation in 1 place.
     
  6. Maria08

    Maria08 Banned

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    I don't think so. i learned trading in forex by myself as i was searching for forex information in many sites and forums which provide good information about forex , then i tried demo trading for a period and got good experience in this business .
     
  7. suzanneT

    suzanneT Trader

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    I think a coach can be great to lend some of the emotional stability he has to his clients. The biggest trick in trading is keeping a calm head and knowing when to throw in the towel, when to ride out a weird jump, etc. Obviously someone with experience in Forex is going to be a benefit to a newbie, but I think the real benefit is having someone, anyone, who can be a support system and keep you from becoming a total headcase.
     
  8. candle7779

    candle7779 Banned

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    Coach is a really good if he wants you to make profit. But truly speaking I hesitate if somebody really wants to help you to earn money.
     
  9. Rob Taylor

    Rob Taylor Active Trader

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    My goal as a trading coach is to make all my students profitable, to the point of becoming full time professional traders, if that is what they choose to do.
     
  10. be_first

    be_first Trader

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    I agree, I started with a course because put together all informations from internet it's really challenging and difficult.
     
  11. Fxpipper

    Fxpipper Master Trader

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    I'm sure that some of the courses really do provide you with all the info you need but here's the flip side, you need to do the work in order to ensure that all that info pays out.
    And for beginners, would suggest free online resource materials rather than paid course and once you start trading profitably, you can opt for a paid course..
     
  12. Andrew

    Andrew Trader

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    Trading coach is mandatory if you want to grab the market......Trading coach make our mental ability more analytic so that our mind can fluctuate like trading graph to gain more n more profit.A successful trader only using there analytic ability nothing else.
     
  13. CapitalVia

    CapitalVia Trader

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    wel i am following a stock recommendation agency
     
  14. forexlegend

    forexlegend Trader

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    Discipline and Patience are main factors of being successful in trading.
    I am also for Free stuff and learning first. If you wont become successful in trading,
    let a coach help you!
    I know some good Coaching sites!
     
  15. christinathomp12

    christinathomp12 Trader

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    Hmm, I don't believe anyone would coach you to enable YOU to earn money. Maybe some would, but I'm sure nobody would share everything they know.
     
  16. tania

    tania Trader

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    Forex education is available for those interested in learning to trade foreign currencies. An individual can learn forex trading on select forex websites and from downloadable software. Books, CDs and traditional software packages are available on the subject of forex trading education. But you learn it on Forex-metal too.
     
  17. Rambo35

    Rambo35 Confirmed PaxForex Representative

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    I think you should not waste your time with a coach and invest that money into your own trading. Failure is the only coach you will need and trust me the price is high.
     
  18. ituglobal

    ituglobal Master Trader

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    A trading coach can really make a big difference, provided the coach is also a successful trader. You can give only what you have. There are some who teach, but who can't trade. This industry is full of too many online 'professionals' who can't trade successfully on their own.
     
  19. Rambo35

    Rambo35 Confirmed PaxForex Representative

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    Which is exactly why you should learn how to trade. The market is the only coach you need.
     
  20. ituglobal

    ituglobal Master Trader

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    But a good, gifted and pragmatic coach can really make a difference.
     

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