Since I created the channel, many people have emailed me to confide about losses and loss of direction. Want me to give advice. When there was a Clubhouse and a Chart Corner to interact with people more, there were more and more people confiding about failures, tragedies, and being deceived when participating in this profession.
There is a paradox in the financial market, not just Forex: those who are more successful and make more money in other fields entering this market are the ones who fall the hardest.
Because of being in high confidence, and the ability to throw a lot of money in. Because at first, if they had a little profit, they thought it was easy to make money, so they threw a lot of money into it even though they had no knowledge. It is not natural that most traders are advised that when new to the market the most important thing is to avoid as much loss as possible.
But this market is very attractive and cruel. It doesn't care how difficult you are, how much debt you have, how much gangsters are strangling you to "favor" you over others. It all comes from your own decision, whether to accept yourself or move on.
If you are a person who loves gambling and currently cannot give it up, I advise you not to go into Forex. Because it makes you lose control many times over. But if you want to change your life, I will share a few things.
I also lost money and fell many times in the financial market a few years ago. I also went through stressful times and lost confidence in myself. I don't want to use the word failure, because you will only fail when you give up and stop, otherwise all the difficulties you are experiencing are only temporary.
But I'm not as lucky as everyone else, I don't have a place to share with like-minded people like this, at that time knowledge about FX was not shared this much. Even about capital and risk management, including courses, let alone the knowledge shared for free on Youtube like now. No one teaches you how to manage capital well and scientifically, let alone someone who shares and warns you but doesn't do it.
Those times were not easy at all. If I had started trading at this time when there were so many people sharing, I definitely wouldn't have fallen so hard.
If you keep looking for motivation in external things, from other people showing profits, sooner or later you will be greedy, lose self-control, or blame yourself for being weak because you see that the person showing profits is too good. (Even though most of the people who show profits are scammers, or have some other main purpose)
As for advice and what I have done for those who are still not returning to shore:
– No matter how much debt you owe? How tragic is the situation? Put that loss aside immediately and start over. Don't think that you have to quickly earn that money back, you will only have more negative money.
– I lost money because of my fault. If there is a mistake, please correct it. Start learning with the mindset of a beginner, the most important part is risk management. My course also lets everyone learn this part for free, so you can study at ease. Don't calculate the absolute amount of money you earn, calculate it according to % account so that large and small accounts remain the same with less pressure.
– Find out why you want to pursue the Trader industry. If it's just about money, it will be very difficult to succeed because any job can make money. Like me, I'm pursuing Freedom, I have friends who are passionate about watching charts, etc. Only then will you have enough internal strength of your own instead of needing motivation from others.
– Out of all groups. Quarantine on social networks for a while so you don't get FOMO from others.
– While learning Trade knowledge, try your best at work to increase your income. If you neglect your current job, causing your income to decrease, you will be even more pressured to make money from trading, leading to losses.
That's what I did. Now I'm very grateful for those difficult times because they taught me the ability to control spending properly and have confidence in myself that I can overcome any difficulty. And most importantly, the freelance job I dream of.
Hopefully Chart Corner will help you have enough motivation before you can motivate yourself.
How was your trading week? Comment and let everyone know!
Hi Trung,
I'm Manh, born in 1985. I just learned about forex and learned about Trung through a series of videos on YT. Can I send a private message so I can get the best direction and start with your group? Because I don't know where to start to learn which floor to choose and how to enter a specific trading session.
Looking forward to hearing from you
The course section I have for these lessons is free. You can go to study at go.medio.finance
I also really have difficulty in trading. I have participated for more than a year but have not made any money, just keep losing, keep being disappointed. I am a disabled person, when someone introduced me to fx I was very happy, I thought I would try to learn to earn money to support myself, but this market is very difficult, it has taken all the coins I have saved, but I am not discouraged, determined to learn, because I have no other choice, I think if someone can do it, I must do it, I really need someone to guide me, because before I only learned on social networks, so I have not seen the best things about this market,
You can learn through my videos and articles. If possible, you can register for the Price Action Master course.
I don’t think you need to learn the best. There is no holy grail in this market. You need to learn the basics first, just the basics are enough to help you avoid losses in this market. When you don’t lose anymore then ……
Great, thank you. This is a direction, a hinge for the trading path even though there are still many difficulties to overcome.
Which floor are you trading on so I can copy your trade?
I don't have Copytrade
A Trung's chart corner post is really useful and meaningful. Thanks A
I have not traded with a real account but only used a demo account to try trading and saw that there were winning and losing orders and the account is currently positive. That is a demo account, I don't know if using a real account will be as good as a demo account, I think too much
Completely different mentality !!! You should trade on a real account with small capital and lots to really experience !!!
Thanks Medio!
Hello uncle Medio, I really like watching your videos, I wish you a long life and many good videos. Thank you!
Thank you Medio. The knowledge you share on YouTube is really good, both coherent and clear and full of passion. I wish you good health and peace. You are truly one of the good people that is rarely seen in this day and age!
Thanks c <3
Hello Trung,
I have been following your channel and accidentally found this blog. I find your knowledge and experience sharing very useful. Can you open a confession section for everyone to share their own stories and lessons? Because many perspectives can help everyone learn from each other. Thank you.
Thanks for your great and helpful comments. I will do it soon.