While UK based Forex trader, James Edward considers himself not your gifted “natural born trader”, he’s still managed to not only make it as a full time profitable trader himself. He’s been able to pass his knowledge onto his students who have gained a whopping $14 million in their own funding and a crazy $4 million in payouts.
Today you’ll hear James’ story to successful trading and more importantly the one thing that pushed him over the line from “boom and bust” trader to “consistently profitable”.
James was kind enough to breakdown his strategy at the end of the show as well, for you to learn from.
Podcast Interview
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YouTube – @JeaFxForexTrading
Recommended Book
Trading in the Zone by Mark Douglas
The Daily Trading Coach by Brett Steenbarger
The Mental Game of Trading by Jared Tendler
Trading Beyond the Matrix by Van Tharp
Market Wizards by Jack Schwager
Unknown Market Wizards by Jack Schwager
James’ Trading Strategy
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Key Lessons
[22:34] Focus on the process and the emotion when journaling.
[24:27] Use prop firms to build your personal account.
[35:21] Fundamentals is a tricky one to get educated on.
[43:35] The willingness to do the things people don’t want to do is what’s going to get you better than everyone else.
[44:07] Demo trade a lot to start with, don’t even think about putting money in a real account for a while.
[44:14] Focus a lot on back testing and journaling all the trades you take.
[46:38] You need to focus your mindset more on the actual process as opposed to the concept of going and buy that super car.
[46:52] You don’t need to make massive percentages every month to do very well, you just need to be consistent.
