Over the past week since I’ve officially..hmm. Ok, since making the plan to help and coach aspiring forex traders, I myself have been coached by my potential clients.
Firstly, my targeted demographic would be SAHMs who would like an income instead of going back to work. I had this notion that it was their choice to be SAHMs but want to be independant as well, to earn a side income or even a full income on their own.
So I met a SAHM and was schooled. She wants to work, but cannot find work. She strongly wants to be independant, but has little resources except pockets of time. I sensed her determination, but I wanted to make sure it was not out of desperation, and to ensure what her intentions were in approaching me. What were her expectations? What pushed her to make the move to meet me?
I felt a very strong spirit in her, a very down to earth personality, weak in resources, yet strong and resilient. I could not help but feel a little bit of empathy, yet I knew she needed none.
So I went through how little baby steps will be needed, since she lacks resources, and it will not be realistic to earn a reasonable side income even within a year with what she has. Nonetheless, she was undeterred. And this, despite her zero knowledge about anything to do with forex, she was willing to learn.
I left the meeting inspired by her determination inspite of the odds against her. She has a good chance to be a Smart Casual Trader.
The second client I met is basically everything above. And I would never have thought that working in the CBD would be something of a hell, until he explained it to me. Wasn’t it a sign of success? To climb the corporate ladder? When I exited Raffles Place MRT, I took a photo of what I saw, a symbol of success, a goal to achieve…Everyone was so nicely dressed (except me, in berms, flip flops and active wear). I felt so out of place.
Prior to meeting him I knew he was well versed in investing and had lots of experience with it. In fact, I was wondering, what he had now was perfect. A good job, reinvesting in dividend yielding counters, and growing a portfolio. That’s what I want to do too, of course, after building up a more substantial warchest to invest to gain higher passive income I am earning from my forex trading. Well, that’s if he likes his job.
So it became very clear from the start his motivation was freedom. Freedom to dress comfortably (ok fine. I was sloppy) like me to a place like Raffles Place (I could feel the contempt from the gorgeous ladies…nah it was just me haha). Freedom on weekday afternoons to avoid crowds, and to spend time with family, loved ones. And enjoy weekday lunch specials at weird timings. (Okay this one I added myself)
There was a strong resonance between his motivation to learn forex and my own. And he had the resources. He had plenty of resources. And best of all, only just married, hence haven’t gone through fatherhood hell, and has lots of time to learn. He had the right mindset, about risk, about emotional control. He is possibly going to be able to achieve his aim very fast if I can do my job well as a coach. I just hope that he can find what he is looking for in forex, because if it’s anything else, I cannot coach him. I would have to refer him to others.
I was schooled that it was not money that drove him to look for me. It was the chance of a better, more casual, carefree, happy, content, lifestyle. Well, that’s what I want too, but because I trade for a living and only earn very little as a part time lecturer with a family to feed, I cannot just ignore the fact that I need to make sure my forex trading for a living is not just sustainable. It has to be outperforming. Hence the challenge I gave myself. (Oh God I hope I don’t fail this challenge…)
I hope he can squeeze in as much learning as possible while he can. He’s definitely got what it takes to be a Smart Casual Trader.
Until the baby arrives.
The most recent client is a young entrepreneur who is happy with his job, no worries about money, knows friends who play forex, and was willing to meet me, offer me a drink, and tell me he wanted to learn forex so he wouldn’t be bored as well as to distract him from smoking.
I told him ok. There are much better tried and tested methods of smoking cessation.
We had a good chat, but I just couldn’t catch what was his motivation. I had a tough time, because I had my own biases and impressions of what kind of demographic would approach me: People who needed money, wanted side income, sick of job etc…
But this young chap was willing to learn, and pay, for me to teach him Forex 101, (Stay tuned for a Forex 101 course for Smart Casual Trading!) to see what it’s like. I guess as a successful self employed person, boredom could be a reason? I told him to go play Clash of Clans instead and as an IT guy, he said it was too easy to “crack” it. So that’s what they call it these days.
It was a good meeting nonetheless. There were deliverables to be done, a plan set up, and, a negotiation for a win-win situation since he can also help me with my blog and coach me in how to improve my blog traffic! In exchange, I would teach him Forex 101 for no charge. (Even after emphasizing and encouraging him to learn on his own.)
Finally I kind of figured out, well, I had to be coached in what kind of clients I would meet, and to be prepared for even more varieties. And in these 3 examples, I think it’s a great experience to meet people from all walks of life, and their motivation to learn about forex. Perhaps to them, forex trading is a mystery, and they are curious. Some of course are conned to think it’s a quick get rich scheme but for these 3 people they are fully aware of it, and thankfully, fully aware of the amount of work and time needed to invest to even get started, let alone become successful.
I learnt lots from just these 3 potential coachees. It will be my honour to coach them. The determination. The motivation. The intensity to be independent. They all resonate with me, because that’s how I started my own lonely journey to where I am now. My heartfelt thanks to them for letting me post about our meetings.
If you like what you’ve been reading so far, please contact me, and we can learn lots from each other.
Principal Forex Coach