Traders : Invest in YOURSELF first!

When you first start your journey as a trader, the single most relevant investment you should make isn't in stocks, crypto currencies, Forex or real estate ... you should first invest in yourself! Invest time to learn, to understand, to back test and compare setups and strategies.

Friends have asked me where they should put their hard earned money. Some people might give them the advice to use that money to invest towards Bitcoin, Blue Chips Stocks, real estate... etc. But my suggestion is to use that money to invest in themselves. It is our responsibility to take the time to develop our skills and talents, so we can make better decisions.

At the beginning, when you start learning the "art" of trading, your goal isn’t to make money right away. But to build your confidence. Learn to get the skills, the tools and the consistency you need to be a professional trader take time, hard work and determination .

The easiest way to start investing in yourself is to read educational books on trading. Books or audio books are an awesome resource to build your knowledge and expertise. When I travel, I like to download books from Amazon Audible to my tablet, its an easy and light way to carry a full bunch of books in my backpack.

Another good way to invest in yourself is to attend seminars, meet ups and workshops to expand your knowledge and skills in your trading journey. This will also give you the opportunity to meet and interact with individuals who are like-minded. Each month, when I'm in Montreal, I go to different MeetUps to share ideas and strategies with fellow traders.

The best decision I made was investing in a coach. A trading coach will assist you in putting all of the strategies into action. He is your partner in success. It is his job to assist you in creating and implementing your trading plan, so you can become the best that you can be. You have to carefully choose a coach that reflect your persona, that understand your needs and will help you to achieve your goal. But realize that he will not do the work for you, you will still have to put all the hard work and effort needed to succeed.

Investing in yourself is not an egoistic act, but an example of self-love, self-esteem and achievement in order to move forward and to fulfill your dreams.

VTL