EFX Trading Newsletter (Dec 19)

Subject Line: slower than a turtle Preview Line: Good morning! I wanted to share with you the story of how I actually got into Smart Money Trading… I seriously wish I started with this system from day one, but you know what they say, hindsight is 20/20. So, when I first started making six figures as a trader I was following a system called Swing Trading… I don't want to go into too much detail on the details of that system because it's not the point of this email… (By the way, I’ll probably do an email in the future where I break down all the different styles of trading) But the main down side with Swing Trading is it can take a very long time to turn a profit on your trades. I was sometimes waiting days even weeks to be able to make a profit and I've got to be honest… It was a pretty stressful and frustrating style of trading. It's kind of like a wall-sit or holding push up position if you ever tried that in the gym… If I tell you that you're going to do it for a minute and I put a timer in front of you, it's not so bad But if you have to hold that position without knowing at all how long you’re going to be there for, it's a lot worse, right? Well, that’s Swing Trading for ya. So I was using this system that was very slow at growing my portfolio and I was making good money… But my personality made me always want to go faster. And one of the best things I did was join a group of other traders where all we talked about was Forex 24/7/365. One day, when I expressed my problem with swing Trading being so slow… A veteran member of the group reach out to me on the side and told me about this new system he was following called… Smart Money Trading. He said that this style of trading was so much better because you were able to turn a profit very quickly instead of waiting days even a week plus to turn a profit… And he also talked about how the risk-reward ratio is so much better as well. I have to admit, I was kind of skeptical but I was willing to test it out and give it a go. After trying it for a few days, I was hooked. I was making better profits than my Swing Trading system and I was doing it in minutes or hours instead of days or weeks. That sent me down a rabbit hole of information to figure out everything I could about learning everything I could about Smart Money Concepts. I honestly have no idea how many hours I’ve put in going through every piece of information I could find… But if you pair that with the amount of time I’ve spent utilizing these concepts in the live market… I’d have to say it’s atleast 20,000 hours. I’ve stuck by this system ever since I first started using it because in my opinion, it’s one of the best ones out there. All The Best, Danny Reardon Founder @ EFX Subject Line: Shiny Trading Syndrome Preview Line: This is what keeps you stuck… Hey there, Quite a few of you reached out to me yesterday to get a little bit more context behind the story I told you in the last email… If you didn't read it, no worries, here's a summary… I started to make a lot of momentum and hit six figures a year in profit by following a style of trading called Swing Trading… Down the road, I replaced that system with Smart Money Trading because it allowed me to make a profit faster and the risk-reward ratio was much better. So a few of you responded to that email asking what I was doing before Swing Trading and I thought it was a pretty good question! Because that was the period of my trading career where I was seriously stuck… And that’s because I had something called Shiny System Syndrome. Without a doubt, this is the main problem that I think causes traders to get frustrated with Forex and not see the results they want. It looks something like this… You learn a system for trading from a YouTube video or a course or some sort of book that you read… You then go about implementing the system… You set your stop losses… You're looking for the signals to either enter or exit the trade… Maybe you have a few successful trades and you're thinking, “Heck yeah this thing works!” Then you start losing a few trades… You start to lose confidence in your system… You see someone else talking about their system… And you think, “Ah! That system is so much better than my system.” You then switch to a new system, and the cycle repeats itself, over and over and over again. Most of the times, beginner and even intermediate traders don't ever think maybe there's something wrong with them… They think something is wrong with the system itself. But an expert trader doesn’t fall into this cycle! They have something that’s called, Trader Discipline… And I'm telling you this is the main reason why so many people are not able to see any success inside the Forex Market I want to talk some more about this but this email is already kind of getting pretty long… So what I'm going to do is send another email to you tomorrow that talks more about Trader Discipline and how to implement it. All The Best, Danny Reardon Founder @ EFX Subject Line: (continued) trading discipline Preview Line: do you have it? Everyone who starts Trading Forex wants to make a profit, right? However, the overwhelming majority of people lose. But here’s the thing, this trend exists whenever there’s some gold at the end of the rainbow! Everyone wants to lose weight going into the new year, but how many people actually do that? Everyone wants to quit that bad habit, but how many people actually do that? Everyone wants to read that book which promises to turn their life around, but how many people actually do that? So here’s the thing… The problem is not with what we’re trying to do itself, the problem is us! When it comes to Forex Trading, a lot of systems work really well, and some systems work better than others… But no system will work for you if you don't have the proper mindset. There are two emotions that mess up your mindset as a trader… 1. Greed 2. Fear Greed stops you from exiting a trade… Fear stops you from entering a trade… You see, so much of your success is dependent upon your ability to be confident in the action you’re taking! You need to be confident that NOW is the time to get in or that NOW is the time to get out… And no system can give you that confidence or certainty, that can only come from you. So much of a trader’s success is dependent on these psychological factors. This is why a MASSIVE focus inside of our flagship program, EFXU, is centered around mindset. I can show you all the bells and whistles of Smart Money Trading… But if you don’t have the proper mindset, you’re going to lose more often than not. When you do have the proper mindset, it puts the odds in your favor! That's just the way it goes. All The Best, Danny Reardon Founder @ EFX P.S. If you’re looking for a system that you can follow and coaching on how to use it along with a world-class trading mindset… EFXU could be a fantastic fit for you. The reason I say “could be” is because we don’t accept just everyone into the program, if we don’t think we can help you, we’re not going to extend an invitation. We only want the right people inside our program. If you want to book a call with our team to grab a spot inside of our program, just click here. Some of our team is taking time off for the holidays so if you can't find a spot on the calendar for this week… You should be able to grab something for next week, but if you can’t just respond to this email and we’ll help you get situated! Subject Line: just wanted to say… Preview Line: (open this!) Hey Everybody, From all of the team over here at EFXU… We just wanted to say that we hope you have a Merry Christmas tomorrow! And if you don’t celebrate Christmas, we hope you’re having a lovely holiday. Merry Christmas, Danny Reardon Founder @ EFX