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Jerome Clarah: 5 Things I Wish Someone Told Me Before I Started My Trading Business

What’s your background story?Jerome: I Always wanted to be successful but had no clue on how I would do it. Growing up we’re all taught money is the root of all evil, money doesn’t grow on trees, don’t talk to strangers, and the only way to be successful is to go to school get good […]

What’s your background story?
Jerome: I Always wanted to be successful but had no clue on how I would do it. Growing up we’re all taught money is the root of all evil, money doesn’t grow on trees, don’t talk to strangers, and the only way to be successful is to go to school get good grades and we’ll get a good job. I found out really quickly that money does grow on trees, that money isn’t the root of all evil. It just magnifies your characteristics. So if you’re a bad person, you will be worst but if you’re a good person, you will be an amazing person. Also not talking to strangers at times isn’t a smart move because your network is your net worth. If you knew everything and everyone that could help you learn/elevate to that next level, you would already be there. So you will have to speak to people you never knew to get places you’ve never been before. People that have what you want. Going to school is a great thing to do and I will never bash school but as long as it’s something you’re passionate about.

I was once told to “surround yourself with people with common future, not a common past”, but didn’t understand that for years. I started surrounding with people that were better, knew more, and making more than me and in return it pushed me that much harder. Every successful person told me to own a business, invest my money, and create multiple sources of income

Started really networking and getting introduced to the right people and followed what they taught me. My success is great but to see that others are like their own book and I have the ability to right a chapter in someone’s book, that’s what got me excited. We’ve helped a lot of people and have had the ability to fly around the world and meet amazing cultures

Crazy to think a broke college student playing basketball with tons of debt would be able to be where we’re now. But we’re just getting started.

What are 5 things you wished someone told you before you started your trading business?

Working with experts

Jerome: When I started forex I tried to do it on my own and lost horribly. Lost $700 USD within the first hour of funding the account. Put another $300 USD into the account to make my money back and lost that $300 USD in 10 minutes. A mentor is someone that knows the way, goes the way, and shows the way. It is important to work with someone that has real results. Smart people learn from their mistakes but geniuses learn from other peoples mistakes. I would have saved money and time if I partnered with the right people when I first started. Not only did I do that, but I became that for many people around the world now. Working with people that are making the money that will help guide you on what to do, when to do it, and when to pull out with profits while teaching you why they are doing specific things. If you do what they do, you’ll get what they get.

Patience

Jerome: A mentor of mine once said “This is not a get rich quick thing, this is a get rich slow thing, which is better than never getting rich at all”. This is one of the most important things to trading. People often want it so badly that we ruin great things before it even begins. Don’t overthink, don’t worry or stress, don’t doubt. Being patient and understanding it takes time to learn the skill set key. Forcing trades before I should have resulted in me losing. When trading Forex you have to understand its not a rush. You’ll never regret being patient, but you’ll regret giving up. You will see what you want out of Forex, you just have to give it some time. For me it didn’t happen over night but once I got it, I GOT IT! Persistency will get you what you want but consistency will keep you there

Stick to one strategy

Jerome: There are many things to learn when it comes to Trading Forex. Tons of tools, indicators, and strategies. It’s not about learning everything because a jack of all trades is a master of none. Once you find your strategies that is working with you, stick to it. Like a buffet, take what you like and leave what you don’t. I remember learning something that worked for me but continued trying to add and do different things but nothing was wrong with what was working for me. Don’t fix whats not broken. Find your strategy and stick to it.

Trading with a community

Jerome: TEAM stands for Together Everyone Achieves More. Why trade by yourself when you could trade with others. Learning and Earning with a group of people is the best feeling in the world. People will see things you didn’t so its like have multiple eyes on the forex market. We learn together and we earn together. We have created an amazing community around Forex. You’re in business and forex for yourself but not by yourself. Lost a lot of money when I was trading by myself. Worst part was that I didn’t know why I was losing. Once I started trading with a community I could bounce things off others and sharpen my skill set and learn from others that have what I want.

You win some, you lose some

Jerome: Coming into Forex, I thought I was going to download a few apps and win every trade that I got into. Losing trades is a part of the game. They key is getting to the point where you win more than you lose and not being to risky. Trading is 90% mental and 10% skill set. Just like a relationship, you have to be willing to go through the ups and the downs.

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