Personal Forex trading Coaching and Mentorship
Most Forex traders have the wrong idea about Forex mentorship or coaching. That's not surprising giving the way these terms have been used when marketing Forex trading products and services. Hopefully you will have a better view of this valuable service after reviewing the information below.
What Forex Mentorship and Coaching is.
It’s about supporting, empowering and developing your trading abilities.
A Forex Mentorship and Coaching process involves discovering the mental and emotional approaches that will give you the best chances of success at Forex trading - based on your own personality, strengths, weaknesses and experience. This is done in partnership with an objective and experienced guide – your coach.
Problem areas are explored and appropriate goals set. An accountability structure is established to help achieve these goals and various tools and techniques to support permanent change are offered.
What Forex Mentorship and Coaching is NOT
Sometimes it is easier to understand what something is by describing what it is not.
- It is not a process of selling or promoting a specific Forex trading technique or product.
- It does not teach specific trading techniques
- It does not try to make you a duplicate or copy of the coach
Why you need a Forex Mentor and Coach
A Forex Mentor and Coach can be your Forex trading ally for life by helping, and then supporting, you to develop your own Forex trading style and approach.
They make sure that Forex trading success check-box activities are ticked - even the uncomfortable ones that we like to ignore.
If you want to save money and avoid wasting time and effort on inappropriate activities, a Forex Mentor will shorten you path to success considerably by helping you focus on the really important issues.
Recent examples of Forex Mentorship and Coaching Successes
A Forex trader was persuaded not to give up a six figure salary package to become a full time internet Forex trader by the coach providing an objective reality check. The trader was influenced by marketing hype, had unrealistic expectations and had very basic trading skills. A 12 month part time trading program was developed to help the trader develop the missing trading skills and to postpone the decision to a later stage. This potentially prevented financial ruin.
A client discovered that the main reason he was trading the Forex market was for his ego and to give himself an adrenaline rush. He blew out many trading accounts before starting to work with a coach. A program was designed to enable him to trade in a controlled way, focusing purely on disciplined trade execution and management. He now trades profitably believing that the market is always right.
Blind to his own short comings
Having blown up many live accounts, a trader's belief that he only needed to find a good entry was changed to realise that there are many, many Forex trading skills that have to be mastered to trade an ever changing Forex market consistently from month to month. With his coach’s help, this trader has almost completed his personal 9 month program to become a complete trader with wide ranging skills for any market condition.
How a personal coaching process works.
In regular Skype coaching sessions you and the coach work together looking at areas of potential within your trading and any challenges you may be experiencing. Together specific issues are pin pointed and realistic and achievable goals are established. These are used to work towards resolving problems and build on potential. The process of you moving towards your goals is then facilitated by the coach and supported through an accountability structure in followup sessions.
Your initial find-out-more Skype call is free and programs range from 6 to 12 week duration, or can be purpose designed.
A Word From Terry Macarthey, Forex Trader and Forex Coach
“8 years ago, I came across the concept of trading CFD’s, a relatively new financial product at the time. Several years of trading courses, research, personal development and making and losing money followed before I was achieving regular profit over time.
The biggest shift occurred when I realised it was entirely my trade management and personal psychological processes that would enable me to be consistently profitable. Previously I had traded systems that a mentor had introduced me to in FX with mixed success, but with the acknowledgement and realisation that my beliefs and self-understanding were actually more important, the shift to more efficient, profitable and effective trading began to happen.”
How to start your Forex coaching process
Set your FREE initial Skype call up here to discuss your particular Forex trading coaching needs and how the program could work to meet your requirements.
Why would this program be useful for me?
Often we know very well what it is that we “should” or “could” be doing, and we just don’t do it. This can be due to a variety of causes , ranging from lack of knowledge, to emotional biases through to plain old bad habits and practice. The program will help pin-point and clarify these non productive patterns, establish realistic goals to enable greater efficiency, tools to implement and maintain more effective trading and an accountability structure to support better trading practice
How much time is required for this coaching program?
There is an initial “Discovery Call” of one hour in which we “meet and greet”, I find out something about you and your trading experience and we go through a series of questions and exercises to drill down to core issues that we can work with. From there we move to weekly 20-40 minute sessions (6, 8 or 12 weeks depending on the program selected) which are the core of the accountability program.
What if I cannot keep the appointed time for a session?
We can reschedule according to calendar availability, but 24 hours notice is required to do so. If a session is delayed by 2-3 days we may look at resetting your schedule to one week after the new session, as it is best to have a full week between sessions to allow time for your accountability goal to be done. A non-show by you without notification will be counted as a completed appointment in your schedule of appointments.
What if I cannot keep the appointed time for a session?
We can reschedule according to calendar availability, but 24 hours notice is required to do so. If a session is delayed by 2 to 3 days we may look at resetting your schedule to one week after the new session, as it is best to have a full week between sessions to allow time for your accountability goal to be done. A non show by you without notification will be counted as a completed appointment in your schedule of appointments.