The Benefits of Having a Live Trading Coach


There are many reasons why people lose money trading financial markets. Below are just a few…
  • Lack of knowledge. You wouldn’t attempt brain surgery after just reading a book, yet that’s the equivalent of what many new traders try to do every day in the markets.
  • No Trading Plan… and usually no idea how to formulate one.
  • Poorly defined exit strategies (or none at all). Staying in good trades and getting out of bad ones is more difficult than most people think.
  • Lack confidence. You can only gain confidence if your strategy is successful. Are you able to devise a successful strategy without professional help? Good luck…
  • Lack of Self Discipline. Who’s going to identify and iron out your trading and emotional flaws? You are? Sorry, I don’t think so…
  • Poor money management. No, it doesn’t mean “diversify”. It means setting limits and sticking to them.

It’s estimated that there are over 150 million traders worldwide. It’s also estimated that only 5% of all traders are profitable (although that’s still a healthy 7.5 million people). Why is this so? Technical trading is essentially a simple skill to learn, particularly if trading a predominantly mechanical system. The difficulty in achieving success as a trader lies not in the mechanics of trading, but in the psychology.

So how can a new trader overcome the obstacles to success, and become part of the 5% of those that live their dream? In all professions and pursuits, the common denominator amongst successful participants is that they usually have mentors or coaches. Some examples are...
  • Business coaches
  • Sporting coaches
  • Remedial coaches
  • Academic coaches
  • Career coaches
  • Personal development coaches
  • TRADING COACHES

As you can imagine, personal live coaching doesn't come cheaply. At YLTR, we have minimized the cost of live coaching by allowing traders to peer over the shoulders of our professional Forex traders/moderators/coaches in our live trading rooms.

In a nutshell, our trading and support coaches can…
  • Help identify a trader's strengths and weaknesses.
  • Provide proven winning strategies.
  • Lead by example in a live trading environment.
  • Allow new traders to “earn while they learn”.

The alternative is, of course, to DIY! Now which do you think is the cheaper and most effective route to financial freedom? I'll let you be the judge, but to get some idea, start by reading the multitude of trader forums and bulletin boards on the internet, and make a mental note of just how many traders continue to trash their trading accounts by learning through trial and error...