EFXU Newsletter (Jan. 9th)

Email 21 Subject Line: A Jack Of All Trading Preview Line: Should you focus on one style of trading…or many? What do you think would be easier… Learning how to fly a plane… Or learning how to fly a plane while learning how to drive a F1 race car, and also learning how to fly a helicopter? Obviously just learning one at a time would be easier. But I see so many people trying to learn multiple types of trading at once… And this is seriously shooting anyone who tries to be a “jack of all trades” in the foot. You should really just focus on ONE form of trading. If you like stocks, then just focus on stocks. If you like crypto, then just focus on crypto. If you like forex, then just focus on forex. Each form of trading has its own unique technicalities that you can only really learn about with a lot of experience. People will say that you need to diversify…but honestly, most people aren’t ready to do that. It’s not like that’s bad advice, it’s just that it gets taken out of context. That advice is good for someone who already has a lot of liquid cash… I’m talking about high seven figures or even 8 figures just sitting in the bank. If they’re going to invest, it totally makes sense to put your money in a few different places. But for the average person who maybe is trying to trade with $5,000…$10,000…$20,000…or $50,000… It’s much better for you to focus all of your attention and effort on one form of trading and master it. That advice of “diversifying” doesn’t apply to everyone because someone who has a large amount of liquid cash would usually hire someone like me to manage their forex investments… Someone else to manage the crypto… And so on… Like I said the average person (who wants to be in control of their investments) is way better off going DEEP on one form of trading. And to zoom in even further, they should also focus on ONE system with their trading. Trying out multiple systems at once, especially if you’re not an advanced trader, is just a recipe for disaster. Simplicity is what wins because complexity just creates so many more problems. If we minimize the number of possible problems, we increase the amount of possible success we have. I’ll close the loop on this email with a saying you’ve probably heard before… “A jack of all trades is a master of none.” All the best, Danny Reardon Founder @ EFXU[a] Email 22 Subject Line: Secure That Funding Preview Line: Want to know how to trade other people’s money? Read this email. Securing a funded account is the key to being able to make a killing as a forex trader. If you’ve got a funded account with $100,000 and you’re keeping 70% of the profits… And you grow that account by 20% over the course of the month… You’re taking home $14,000 that month. Now imagine what it looks like if you get a funded account for $500,000 or even $1,000,000. Crazy, right? So basically there’s two ways you can do this… 1. Working with prop firms 2. Working with private investors I personally think it’s better to go after prop firms because you not only get better terms… (With a prop firm you usually keep between 60-90% of profits, a private investor is usually a lot lower - around 10-40% depending on what you negotiate) But the process to secure funding is also a lot more straightforward. With private investors you have to find the person who will fund you… And that by itself is up in the air. Maybe you could meet one online, or maybe you’d meet one locally… But with a prop firm you literally just go to their website. And all you have to do to secure the funding is pass a few challenges to prove your competency. It looks something like this… Let’s say you wanted to secure an account for $100,000… What they want to see is that you have proper risk management and that you’re following a system… So they’ll put you in a demo account with $100,000 (usually costs you anywhere from $500-1,500) and make the challenge that you can’t lose more than 10% of the account in a week. Bonus point obviously if you grow the demo account during that week. Assuming you pass that challenge, they’ll cut that loss percentage in half… So now you can’t lose more than 5% of the account in a week. Assuming you pass that challenge too, you’re set. Your trading account will now be funded for $100k. And also, on your first payout, they’ll usually reimburse you the $500 to $1500 you spent on the challenge Now you’ve got some serious leverage that you can use to your advantage. Obviously, the hardest part of this is becoming proficient enough as a trader so that you know what you’re doing. But that’s why we do what we do at EFXU, to help make that process a hell of a lot easier for anyone. All the best, Danny Reardon Founder @ EFXU[b] Email 23 Subject: Forex Feedback Friday[c] Preview Line: Here’s why most traders will fail in 2023… Feedback is a crucial part of any learning process… Especially when it comes to forex trading. When you’re able to get feedback on your trades (both the good and the bad) there’s one main benefit… And that’s Identifying areas where you need improvement. >> Click here to schedule a call with our team so you can start getting feedback from me and our team of trading coaches so you can master the charts and grow your account[d] This helps you fine-tune your trading strategy and helps you make more informed decisions in the future. When someone gives you feedback on your trades, you’re able to identify mistakes that you might not have been aware of… And obviously, that helps you learn from them to avoid making the same mistakes in the future. But also, assuming the person giving feedback knows what they’re doing… You’re able to learn from their insights and experience, which can seriously help you improve your own trading skillset. And that’s especially true when it comes to risk management… Sometimes you need to understand WHY the decision you made was too risky… That way you can adjust your strategy accordingly and not set yourself up for failure. But out of all the possible benefits, my personal favorite part of having someone for feedback is the added level of accountability it gives you. When you don’t have someone to help monitor your trades with you… It’s really easy to start “system-hopping” which is where you abandon your current system and go toward some new shiny object system. You’re gonna get called out on that if you have a coach… And that’s going to help keep you focused and stay the course with your system. Overall, getting feedback on your trades is a crucial aspect of becoming a successful forex trader. And that's why we have an “all hands on deck” approach inside of EFXU. You practically have access to our team of trading coaches at all times… I’m personally giving daily feedback to the group… And on top of that, we also have live workshops every weekday to help you improve your skill set and also serve as an open ground for Q&A + feedback.[e][f] There’s a reason why we have some of the best results in the industry… And that’s because we take our feedback and support systems seriously. If you’d like to be able to have someone in your corner helping you improve every day, click the link below, fill out a quick application… And from there, you’ll be able to schedule a time with our team to see if joining EFXU makes sense for you. >> Click here to schedule a call with our team so you can start getting feedback from me and our team of trading coaches so you can master the charts and grow your account[g] All the best, Danny Reardon Founder @ EFXU Email 24 Subject Line: Part 2 Of My Origin Story Preview Line: I left everything because I was sick and tired of what we were doing… Before EFXU existed, I was actually one of the head coaches of another program. And while I’m super grateful for the experience because that was my first opportunity to teach… That program showed me exactly what NOT to do when I made my own training program. You see, Forex gets a really bad rap mainly because of how a lot of the people who promote it. They show off this flashy lifestyle that’s just super unrealistic… And that’s a lot of what that old group I was a part of was all about. They really just focused on showing off cash, cars, watches, and all this crazy stuff… And don’t get me wrong, that stuff can be cool… (I personally was looking at a Lamborghini Huracan EVO the other day, but I just know that’s not the smartest way to use my money - no pun intended to smart money trading) But the only thing you should really be focusing on when it comes to forex is your skillset and your mindset. Period. Full stop. And that’s what I felt was the best thing to explain to the hundreds of people I was training every week, but the group owners felt otherwise. They just wanted everything to be “sexy” so if it wasn’t me trading the charts, they didn’t want me talking about it. But truth is, a lot of what traders (especially beginners) need to be seeing is breakdowns of fundamental concepts. And for whatever reason, that wasn’t allowed. What really set me over the edge was finding out an ugly secret about the other coaches in the program… They were making pretty much ALL of their money from treating the group like an MLM and getting a kickback incentive from all the people that joined. And they were still trying to give trading advice to people. The only advice they were qualified to give was how to lose your money on the market. I remember I brought this up to one of the group owners, and he really didn’t like it. It was like, “Dude. I’m telling you the truth. Do you not care about these people?” The answer was honestly just a big fat no. That’s around the time when I started thinking about starting my own group, but I knew if I promoted it at all I would be outcasted by everyone. I remember voicing this to Bogdan (my current partner) at an event we were at for that group and he was probably the first person who was saying… “Dude. You 100% need to start your own group. I’ll help you do it.” It was after that we brought in Joe (who’s another one of our co-founders) to help us build out the systems and operations of the business… While Bogdan and I focused on the fulfillment side of things which was entirely focused on getting people results, not just showing off cars and watches. I’ll for sure send out another email sometime soon to talk more about the details of when we first got started… But pretty much, that’s the origin story of EFXU 🙂 All the best, Danny Reardon Founder @ EFXU[h] [a]HYPERLINK [b]HYPERLINK [c]Let's make sure this goes out on a friday lol [d]hyper...LINK [e]Hey Joe can you verify all that is correct? [f]Yes [g]HYPER...link [h]HyperLINK