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you here for a short-term
thrill having a little gamble,
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great, they don't build build a
strong, consistent long-term
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processes. Are you here to
build long-term success or are
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process. They go for the
short-term thrill and if you do
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about. Starting with risk
versus reward. Now this is a
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is quite impressive. So, think
about why you're as the basis
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mindset and their outlet
completely after hearing this
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into it. And this is where the
real learning of the processes
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very simple but the amount of
people that have changed their
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chase money and they'll often
put so much into actually just
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before you dive into it is why
are you trading? This is
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big one, a very important one
indeed, the basis of all of our
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you're here for short-term
thrill? Beginner traders often
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trading journey. So the next
video we'll begin looking at
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well. The reason that you're
trading is a very very
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something that I've spoken to
with members of my community
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definitely make sure you're
making notes of when we get
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discuss, and you are on to the
next step to success in your
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the mechanical processes, those
robot like processes we spoke
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of your actual trading and the
base philosophy of all of your
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up and spit us right out.
Something that you should know
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throwing some money around in
the market? Don't play about,
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don't break the rules, follow
the processes we're about to
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you need to consider from the
start and I know that it seems
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could go for it. You might have
some slippage issues but you
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I'm talking you could come to
the market with a billion a
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risk and technical and
fundamental and trading plan
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market is king. So without
adhering to the rules that we
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money if you are not careful
with your risk management.
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of the day you could be broke.
Okay it's so so easy to lose
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chasing capital, chasing gains
that they don't build something
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set in place, without having
the discipline to follow the
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that, you're not going to win
long term. So, it's something
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trading. So risk versus reward
is something you should
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and also with other people and
people in mentoring sessions as
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could come to the market with a
million dollars and by the end
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million dollars let's say. Um
you know a billion I mean you
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follow your rules and follow
and create something great or
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important thing for your
success, right? Are you here
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your trading plan as well. So
without discipline we cannot
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for long-term success? Are you
here to build a career and
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to that big core principle that
we talk about so much, the
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about the Forex market if you
do not already is that it is
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processes we make and adopt,
the market's going to chew us
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So a big part of mental risk
management to just consider
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follow your risk management
rules to follow your processes.
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consider and get in our minds.
We're here to make consistent
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probably a full time career and
it's not to have fun on the
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well but the main reason we are
here is to make either a side
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market cannot be achieved
without strong discipline. Now
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literally possible to lose any
amount of money in a day. Now
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even begin to find success in
the first place. Taking it back
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discipline for. It's to follow
your technical processes and
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need to understand from the
start that success in the
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And it's not just the risk
management that you need
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income or a full time career
I'm going to assume it's
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money. We are not here just to
have a little bit of fun. So we
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charts so that's the First
thing we need to really
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you're not here to have a blast
now yeah you're probably
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as we said in the previous
video discipline is needed to
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passionate about trading I'm
very very passionate about
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invested in yourself you're
here to make consistent money
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need to really think about why
we're here in the market and
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trading I love what I do and
I'm sure you probably do as
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about mental risk management.
So, risk management and
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Welcome back to the course. In
this video, we'll be talking
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I'm sure considering you've
invested in this course and
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actually move into the
processes and the actual
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risk, we need to develop the
right mindset for longevity. We
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step-by-step methods that we
have to follow to manage our
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managing your capital begins
first in your mind. Before we
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begins. So I'll see you over in
the next video.
6697
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