3 Steps To Successfully Start Your Forex Trading Business
In this Forex trading vlog, I share 3 crucial elements to consider if you are ready to treat trading like a business and start your own Forex trading business. Vlog #224.
Step #1: Think About Investments & Evaluate ROI
When starting your Forex trading business, you must understand that investments are required to grow your income.
One of my college teachers said: “the goal of a business is to make investments and recover that money plus some more.” I recommend you apply the same principle to the investments you make in our trading business.
Money invested in a good program (shameless plug: Desire To TRADE Academy), a course, or coach, will be recovered. If the coach did his job right, you'll even make more money than you originally invested after some time. That being said, you need to do the work!
Step #2: Create Powerful Systems
Businesses run on daily systems. Those allow the business to stay on track and to hit targets.
Find out what processes are most effective to keep your trading solid and make it your duty to execute on those systems/routines consistently.
Also, don't forget to rank yourself on how well you execute your processes.
Step #3: Make Connections
Making connections partly means connecting with the people who you want to be like. However, you can also make connections between something you see in any other field to Forex trading.
What are you going to take-away from this video? Comment below and let other people know. That way you're more likely to stay accountable!
If you are aspiring to trade for other people while traveling, you might want to consider checking out the Desire To TRADE Academy where I’ll help you do precisely that!
If you are aspiring to Forex but wonder how to put together a solid trading plan, I recommend you grab my FREE One-Page Trading Plan Template. It will help you simplify your trading strategy on a single page!