Legends of Trading: The Story of Raymond James
Forex market is a place working miracles. However, 95% of forex trader have bid farewell to the market due to great losses at the end, while what rules of living and investment tips held by lucky men who only occupy 5% of total traders is seemingly a mystery, which may be the best interpretation of the so-called “survivorship bias”.
Raymond James (Jayz), a super trader who truly realizes constant profits. Within the five-year experience in forex trading, James never suffered from any loss. From 2015 to 2020, James and his team have created the revenue more than $13,000,000 dollar. Nowadays, he has been the CEO and founder of The Money Club.
It takes 5 years, but I’ve finally cracked the secret to becoming a world-class, high profitable trader. Raymond James has earned more than $13M dollars from $100,000 dollars at the beginning while staying true to the original self. James told that the original intention of why he engaged in forex trading is to create a good life and buy a big house for the family, travel every year and enjoy the life of being a rich man. Currently, Raymond James has been a famous trader in the forex market. In addition, he has organized more than thousands of online and offline training courses, cultivated many excellent students and attracted many followers.
Among his five-year trading career, Raymond James lost 20% within a month,
which is his worst trading record. At that time, he immediately stopped the transaction, found the reason, made up deficits and got surpluses. Then, he has successively realized profits for five years. Since 2015, the average monthly net return on the funds managed by him has 5-20%.
The first tradings rule of Raymond James is coexistence with mistakes. He expressed that it is necessary to find reasons for every loss and learn to prevent it. Every 10 mistakes represent 10 times of losses. It is not terrible to make mistakes, and the terrible thing is constant mistakes. A trader is primarily responsible for protecting own funds and secondly pays attention to making money. If you want to be out of the industry, you have to learn to admit defeat like a successful person.
The Right Frame of Mind
There is little doubt that the most successful traders are an elite few. However, by looking at a select group of famous traders we can see that they have a few things in common:
- Discipline—the ability to recognise when a trade is wrong and therefore minimise losses
- Risk control—having a strong understanding of a trade’s risk/reward
- Courage—the willingness to be different from the rest of the crowd, most of the time
- Astuteness—judging how perceptions are shaping market trends
It does seem to be very difficult to build the characteristics listed above. However, in the long run these are the few important tools that keep you successful. While it’s certain that you will make mistakes, the important thing is what you have learned from them and how you find your solution to fix the errors.
What are Raymond James’ elements of being a successful trader?
1. Make profits; 2. Maintain profitable; 3. Repeat the former steps
The purpose of establishing The Money Club?
I founded The Money Club to help more traders who feel confused in the forex market. I believe that many traders encounter the similar situations before I became successful, fail to realize constant profits and feel lost. I hope that everyone can insist on and believe your choices. Besides, I hope that more people can realize financial freedom through TMC team and help other people in need.
Whether all members in The Money Club realize profits?
The profit rate of the members in TMC team up to 60%. It seemed a very high win rate for many newbies traders. However, I do not feel satisfied with this and still hope to improve the earning rate of the members to 80% in the next year through the guidance from TMC team.