
Show overview
Online Forex Trading Course has been publishing since 2019, and across the 7 years since has built a catalogue of 304 episodes. That works out to roughly 40 hours of audio in total. Releases follow a weekly cadence.
Episodes typically run under ten minutes — most land between 6 min and 8 min — and the run-time is fairly consistent across the catalogue. None of the episodes are flagged explicit by the publisher. It is catalogued as a EN-US-language Business show.
The show is actively publishing — the most recent episode landed 4 days ago, with 15 episodes already out so far this year.
From the publisher
By The Forex Trading Coach
Latest Episodes
View all 304 episodes#633: You Can Be Profitable With A 37% Win Rate
#632: The Trading Mistake That Keeps You Broke
#631: He Took One Course… Now Runs Multiple Prop Accounts
#630: The Truth About Full-Time Trading (It’s Not What You Think)
#629: Fuel Prices Are Rising… But Oil Is Dropping?
Fuel Prices Are Rising… But Oil Is Dropping? Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Attend my Free Masterclass 629: Fuel Prices Are Rising… But Oil Is Dropping? In this video: 00:33 – War, cost of living and fuel increases. 00:57 – US Oil prices fluctuating. 01:38 – In 2022 the oil price was higher than today. 02:40 – As traders we can Buy and Sell. 03:55 – What makes our style of trading different. 04:35 – Our redesigned website. 04:45 – Blueberry Markets as a Forex Broker. 05:16 – Check out our Masterclass. Fuel prices are going through the roof across the world, and the cost of living is going mad. Now, how can you trade oil and what’s happening to it? What’s happening with this war? And how can we as traders make money, whether the oil prices are going up or down? Let’s talk about that more right now. Hey there traders! Andrew here The Forex Trading Coach for video and podcast number 629. War, cost of living and fuel increases. Now obviously the war and the cost of fuel in particular and the cost of living in general is just affecting anybody, really doesn’t seem to matter where you live in the world, fuel prices are going absolutely mad and when you have a look at charts, you have a look at oil, for example. It’s a little bit difficult to understand some of it. Now let me give me some reasons for this. US Oil prices fluctuating. And now a couple of weeks ago, we saw the US oil price spike up towards $120. Right now as I’m recording this, it’s back to 92. Yet all I’m seeing is the fuel price at the pumps going up and up and up. Now, I also buy Jet A-One Fuel as a helicopter pilot, and that has been going stupid as well with about a 90 cent increase last week, another $0.35 this week. It’s just getting ridiculous. Yet on the charts, the price of oil has dropped and it kind of makes you think, without wishing to get political, what’s actually happening. In 2022 the oil price was higher than today. Now, I’ve just had to look back at my charts at the US oil price and some interesting things happened. Now, no one seems to realize that only four years ago, in March of 2022, the oil price was actually higher than the $120 it peaked at a couple of weeks ago, and it stayed there for almost four months. And if you go back further again to 2013, it was around the same level as where it peaked a few weeks ago. If you go back to 2008, it almost hit $150. Yet here we are today in 2026 and the price right now is $92. Yet fuel prices going mad. And of course the knock on effect of food and transport, etc. it’s just crippling businesses and people right around the world. So as mentioned, there is the political side of things, which we’ve probably all got our opinions and I won’t go into mine right now, but something seems wrong. As traders we can Buy and Sell. And then there’s the trading point of view, which is what we can talk about. And it is something that we can control more. And the beauty of the way that we trade is we can look at whether US oil or UK oil, and we can make a decision to buy or sell, depending on what the chart is showing us at the time. And we’ve taken many trades in the last few weeks on oils, both long and short, just because you know the price of the fuel pumps going up and up doesn’t mean to say you have to take long trades on it. If you’re seeing good selling opportunities, and that is the advantage of the way that we can trade on the forex charts. Now, of course, we can trade other markets such as metals. And again, you know, everybody sort of seeing gold and silver go through the roof. Then of course it fell back. And now it’s kind of like pushing back up again. And we have the ability to buy or sell metals. You don’t just have to buy simply because everybody thinks gold or silver is going up exactly the same in cryptos. You know, we’ve seen massive move ups, we’ve seen big falls. And again, we can buy and sell depending on what the charts are showing us. And we can do the same with indices and of course with all of the pairs available to us. What makes our style of trading different. Now that is what I think makes what we do quite unique and quite special and very exciting. It’s just giving us the opportunity to be less, I suppose, concerned with what the mainstream media and we kind of have an opinion on those as well. So don’t believe everything they tell you. They certainly don’t do that. But you know, in general, everybody sort of thinks that metals are going up, cryptos are going up and certainly oils are going up. And you don’t have to just take buy trades, look for opportunities in both directions. And that is an amazing thing with the way that we can trade. Our redesigned website. The other thing I w
#628: Before You Buy a Prop Firm Account, Watch This
Before You Buy a Prop Firm Account, Watch This Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Attend my Free Masterclass 628: Before You Buy a Prop Firm Account, Watch This In this video: 00:37 – How to pass a Prop Firm Challenge. 00:56 – #1 – Don’t open a Prop firm account right now. 01:45 – #2 – You need a proven and easy to trade strategy. 03:05 – #3 – Trade your own real money account. 04:27 – #4 – Use a VPS and Trade Copier software. 05:54 – #5 – Choose the prop firm account type that suits you. 06:55 – Blueberry Markets as a Forex Broker. 07:10 – Our new look website is now live at www.TheForexTradingCoach.com Today, I’m going to give you my top five tips so that you can easily pass a prop firm challenge. This is a really important video if you’re wanting to make money through trading the forex market. Let’s get into that more right now. Hey there Traders! This is Andrew Mitchem here, the owner of The Forex Trading Coach with video and podcast number 628. How to pass a Prop Firm Challenge. Outside again here today on an absolutely stunning autumn day here in Nelson in New Zealand. And the topic of today’s video and podcast is all about how to easily pass a prop firm challenge. I’m going to give you my five top tips. Now, the first one’s going to really surprise you, because you’re going to be expecting me to talk about some of which prop firms or trading strategy. But my number one top tip to easily pass a prop firm challenge is not to open a prop firm account. Not for now. Certainly, by the end of this, you’re going to know why and when you should do so. #1 – Don’t open a Prop firm account right now. But my number one tip, honestly for now, is do not waste your time. Do not waste your money. Do not pay the prop firm. And if you do that now, if you start now, you’re going to lose confidence. You’re going to lose money. You’re going to waste your time. If you hold off, you are going to pass a prop firm challenge in the end. But if you start straight away, you’re almost certainly going to end up losing your money and failing. So my number one tip is do not open a prop firm challenge right now. #2 – You need a proven and easy to trade strategy. My number two tip is, of course, you do need a good strategy. And now the strategy needs to be something that’s proven. Proven across different markets, different trading conditions, different time frame charts. It needs to be something that aligns with you. Whether it’s the time that you can trade, the time of day, the amount of time it requires, does it actually fit with you? Do you understand exactly what the strategy and the logic is? So that’s really important. But also the key to passing a prop firm challenge, once you know what you’re doing, is not to hit the drawdown level. So you need to be really sure that the strategy and the way that you trade meets their drawdown criteria. So you need to trade with really low risk per trade and have very low drawdowns, and you need consistency in your profitable trades as well. So it’s not just about here’s a wonderful strategy. It needs to be something, you know, if you hit like a 5% drawdown in a day or so because you’re risking too much while you’re going to fail the prop firm challenge, regardless of how good your strategy is. So you need to really focus on reducing risk per trade and knowing what you’re doing, and when to take the trade and how to keep that risk low. #3 – Trade your own real money account. So third thing would be once you have that strategy in place, you need to get on to a live account of your own money. It needs to be your real money, your live account. It doesn’t need to be big, but it needs to be a live account. And the reason is, is that the psychological change between a demo and the live is huge. Now, it doesn’t need to be a massive account. I said it could be like a few thousand dollars, but it just needs to be real money. You need to bring emotions into your trading. You know, when you have losing trades, you’re going to, you know, it’s going to hurt. When you have winning trades, you’re going to feel fantastic. So you’ve got to understand those emotions. But also you’ve got to try and control those emotions so that those drawdowns and those losing trades and those highs from the winning trades become almost neutralized. And I wouldn’t suggest you go to a demo because a demo doesn’t mean anything and demo doesn’t teach you the psychological side of making or losing real money, your money. So tip number three get on to a live account. You then need to also prove that with your live account, you can become consistent. Now you also need to keep that drawdown very low and treat it t
#627: Why Most Traders Are Completely Confused
Why Most Traders Are Completely Confused Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Attend my Free Masterclass 627: Why Most Traders Are Completely Confused In this video: 00:38 – Information overload. 01:29 – AI predications. 01:53 – I know in my head how to trade. 02:47 – News events moving the markets. 03:46 – People switching strategy. 04:54 – Our strategy has never changed in 17 years. 07:39 – Blueberry Markets as a Forex Broker. Do you suffer from information overload? You know, you see signals out there online. You’re not sure what to do. There’s so much information, conflicting information. And you just have complete confusion. You don’t know what to do, when to do it, and therefore you probably either gamble or give up. If that’s you, listen up. The next five minutes is going to be absolutely invaluable information that’s going to help change your trading around. Let’s get into that more right now. Hey there traders. It’s Andrew here at The Forex Trading Coach with video and podcast number 627. Information overload. So today I want to talk about information overload. It’s a big problem that people have. You know there’s so much information out there online. There’s thousands and thousands of indicators. And people seem to think they’re going to come up with the Holy grail of indicators. You know, there’s massive amount of conflicting information with social media signals. And, you know, there’s, other social media, signals saying buy on this pair and at the same time, you’re indicators turning down and therefore you think you should be selling, you’ll see something on YouTube that says buy. You see something on TikTok that says sell and you’ll get something on signal or, you know, telegram that says completely opposite and people just have no idea what to do. And you can see why, because they rely on other people to make that analysis for them, and therefore they really don’t know what they’re looking for. AI predications. And, you know, the, the other common one that I’m seeing now, of course, is AI predictions. And that, again, you know, while in theory and great AI is going to solve all our problems. Look, AI is going to make us damn lazy. We’re not going to have a clue what to do. And if you want to rely on AI, then you know, good luck to you. That’s all I can say for me. And I had this discussion with someone just last week. I know in my head how to trade. To me, as a trader, there is nothing better than knowing in my head and in my heart I can see trades, I can take trades. And I’ve got that information and that powerful information, to be able to do this. You know, for the rest of my life, I want to or however long I want to, and pass that information on to people. And, you know, for people that want to put a bit of time and effort in to figure out this for themselves, then, you know, I think just being able to do this for yourself is massive, and A.I. it’s just not going to cut it. I can’t see it. It’s just not going to have those nuances of those human factors that, you know, we have and can see. Now, sure, I’m not knocking it. And sure there of course there will be a place for it. And, you know, it can help do some analysis in the future and potentially take trades when you’re asleep or those type of things. But overall, I think you still need some common sense and knowledge of trading in order to even use A.I., News events moving the markets. News as well. Of course, that’s causing massive issues with people right now. You know, we’ve got the Iran war going on with the oil price going up one day, crashing the next day up again. And and people think it’s, you know, it’s causing problems. And I get a lot of people say to me, hey, Andrew, what’s happening right now with your trading due to this? You know, this war? And I said, well, nothing’s changed. You know, markets are moving up and down because mostly in the currencies we’re trading pairs. You know, if, let’s say the US is particularly strong, then you might, you know, be buying the GBP/USD, selling the GBP/USD if the US is weak, you might be selling it. You know, it just depends on what’s happening. On that particular day. We, over the last week or two have just had some incredible trades, mostly sort of 12 hour time frames down to two hours. The longer time frames have just been a little bit harder to trade, but that’s just the way the market is right now. But again, it’s understanding what to do and knowing what to do and see a trade take a trade is the crucial aspect there. People switching strategy. So look analysis paralysis causes a problem. It just leads to people to switching st
#626: The Psychology Hack Every Trader Needs
The Psychology Hack Every Trader Needs Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Attend my Free Masterclass YouTube: Dr. David Bonanno Enroll to Max Discipline Click Here to Learn More About Max Discipline Click Here to Checkout the Book: The Consistently Calm Trader: Master the War Between Discipline 626: The Psychology Hack Every Trader Needs In this video: 00:17 – Talking about mindset in trading. 00:54 – Dr David Bonanno helps traders. 08:02 – Traders issues with over trading and thinking money! 13:24 – Don’t reinvent the wheel. 16:30 – You don’t need a 90% win rate. 21:40 – You have to love the concept of trading. 25:55 – Traditional forum sites don’t work. 27:50 – Be real with your trading. 30:25 – Contacting Dr Dave. Andrew Mitchem Hi everybody. It’s Andrew here at The Forex Trading Coach. Welcome along to another video and podcast. I’m really pleased today to be joined by Dr. Dave Bonanno over in the US. Dave, welcome along. Nice to have you here. Dr. Dave Bonanno Thanks. Yeah. Great to be here. Talking about mindset in trading. Andrew Mitchem Really looking forward to this because quite often in trading we talk about strategy and rules, talking about indicators and charts and things like that. But today we want to bring it back to something that applies to everybody. No matter what type of trading you are, whether your fundamental trade, a technical trade or a mix. And it’s really important that you start to understand, your mindset within trading. And that’s why, Dr. Dave here today is here. And how he’s going to help you and all of us listening and watching with the mental aspect of trading. So, Dr. Dave, maybe you can start about introducing yourself, what you do and how you help traders at that. Dr David Bonanno helps traders. Dr. Dave Bonanno Okay, great. Yeah. So I started off, as a therapist who is really trying to help people with problems, especially PTSD. And most people don’t really know what PTSD is like. If you look it up, there’s no definition. It’s just a list of symptoms. So the way that I define it now is that it’s when you have adrenaline and it just is overactive. And the thing to know is that when you have adrenaline, it makes your logical brain go offline. So I maintain that adrenaline is every trader’s enemy, and it doesn’t mean that you’re in full fight or flight, or that you’re afraid or that you’re angry. It can affect us in a lot of ways that we’re not even really aware of. And so if you like, read other mindset books or listen to other people who talk about the psychology of trading, they talk about changing your thoughts. But what I’m really all about is how to, engage with your subconscious in a way so that it doesn’t contaminate what you’re doing on a moment by moment basis. Andrew Mitchem Interesting. So you’re taking a slightly different approach to it. So on a like just to get it on the beginning, but to give her some right at the beginning on, on a, on a like a practical basis, someone’s out, they’re trying to identify a trade setup or they’re in a trade maybe. What do you do that could help them with those scenarios? Right. So I had this trader named Tony, and he was really successful in his career, and he wanted to gear up for retirement. And he he was a very logical guy and he could understand intellectually probabilities and all that. But when money was on the line, especially when he was trying to scale or even when he was trying to, take payouts from the prop firms, he would find himself just not quite making the right decisions. So of course, he looked at his strategy and and his, you know, technical skills. But I think what he didn’t realize at the time was sometimes adrenaline would get in the way. And and so that could be like if he was putting pressure on himself to provide a financial security for him and his family, or if he couldn’t really accept losses all that well, and I’m not even talking about like, yeah, I’m not talking about like throwing a tantrum or anything, but like, his wife would notice that he wasn’t in a very good mood after he had a red day. And so, yeah, we we needed to look at what was going on for him subconsciously. And, you know, we all could try to think like, well, you know, I’m pretty much in control of my emotions or I didn’t really notice, you know, what was happening for me in the moment. But we’re talking about subconscious stuff. And by definition that’s what we’re not aware of. Andrew Mitchem Yeah. Dr. Dave Bonanno So yeah. Yeah. So, yeah, one of the things I do first is I help people to identify, what exactly is going on for them. And it doesn’t mean, you know, that we have to go back to the past and
#625: Stop Watching Charts All Day (This Is Why You’re Losing)
Stop Watching Charts All Day (This Is Why You’re Losing) Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Attend my Free Masterclass #625: Stop Watching Charts All Day (This Is Why You’re Losing) In this video: 00:35 – These things will destroy you as a trader. 01:51 – Mistakes that most traders make during the journey. 02:55 – The perfect chart to trade. 03:46 – Look at 5pm EST for multiple chart opportunities. 05:15 – Don’t burn out. 05:58 – View my Masterclass. 06:30 – Blueberry Markets as a Forex Broker. 07:21 – Contact me for help. If you’re watching the charts all day. Taking multiple trade today and you’re not consistent, then this video is for you. You see, it’s not always the strategy. It’s not your indicators. It’s not your broker’s fault. It’s a screen addiction. So if that’s you, listen up. I’ve got some really good information to share with you. Hey there traders! This is Andrew Mitchem here at the Forex Trading Coach with video and podcast number 625. These things will destroy you as a trader. And in today’s video I’m going to talk about why trading the shorter time frame charts and screen addiction and over trading will destroy you as a trader. It’s going to destroy you in many ways. It’s going to destroy your confidence. It’s going to destroy your time with your family or whatever else you do with your day. And it’s a common problem. You see, the issue is that most people think that they need to be trading all the time, and therefore they get onto the shorter timeframe charts, generally one hour or below. Most people that they’re trading say, 15 minute charts, five minute charts or even one minute charts and it’s completely crazy. And it comes about from that, lack of understanding, that lack of mindset of, of well, the people think that they have to trade more to make more money. And it’s just is not true. All you’re going to do is completely put yourself off trading, tie yourself out emotionally, physically, and you’re just going to end up paying lots of money to your broker because you’re paying lots of entry fees to take trades. You’ll end up doing silly things like revenge trading and, you know, scaling up stupid position lot sizes, etc. and, and just making complete silly mistakes and losses. Mistakes that most traders make during the journey. The good thing is, though, is that we’ve all been there, we’ve all done it. We’ve all made those mistakes. And I’ve been trading for over 20 years, and I can tell you I’ve made every mistake there is out there. The good thing is the solution is fairly straightforward. And it’s generally to get on to the longer timeframe charts. And I would say that something like generally a 4 hour chart or higher, the daily charts, if you’ve been following me for any length of time, have always been my preferred timeframe chart, because it means you just need to look once a day. It doesn’t matter where you live in the world, you can look at your charts. One today. Very easy to do. It still gives you plenty of trading opportunities. You know, the downside with, say, like the weekly charts or the monthly charts, although they can be very, very good, is that, you know, you only potentially might have an opportunity to trade, say, once a week, obviously once a month. And sometimes there may be nothing on those timeframe charts. And so it becomes a long and wait in between trades. The perfect chart to trade. To me, the daily timeframe just offers the perfect mix of everything. It means I can look through so many different charts. I can be very specific. If they say as an example, strength in the British pound, I can then go through and find the best set ups, that are buying the pound against maybe some of the weaker currencies. And, you know, you can look through the charts once a day and make those very, you know, refined, trading opportunities sort of out there you’re not rushing to do things, especially the way that we trade as well when we’re using limit orders as well. And so I just find that that is such a great opportunity to look through forex pairs, non forex pairs as well. Because you know, we look through metals and commodities and cryptos indices etc. like that as well as just the daily charts. Look at 5pm EST for multiple chart opportunities. And the beauty is, is that if you are looking at your charts on the daily timeframe, you can, go through that exact same timeframe and scale down as well and give yourself opportunities on charts such as like 12 hour charts, 8 hour, 6 hour, etc. and they all change over at the exact same time, which is New York, 5:00 pm. Now you will notice that the spreads at that time of the day can be quite large, and so d
#624: The Smarter Way To Pick Winning Stocks
The Smarter Way To Pick Winning Stocks Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Attend my Free Masterclass Checkout the Tykr Platform here. #624: The Smarter Way To Pick Winning Stocks In this video: 00:14 – Sean Tepper – found of TYKR 04:55 – How does this software help? 08:50 – TFTC also helps create successful traders 12:25 – Is social media helpful? 16:20 – Multiple brokers or one? 22:18 – TFTC creating a trading bot program 28:16 – 60,000 stocks analyzed 32:45 – Contact Sean Andrew Mitchem Hello, everybody. It’s Andrew Mitchem here at The Forex Trading Coach. And today I’m really pleased to be joined by Sean Tepper, who’s the founder and the CEO of Tykr. Welcome along. Sean. Sean Tepper Andrew. Good to be here. Andrew Mitchem Awesome to have you. Sean, could you introduce yourselves to everybody and let us know who you are and what you do and what we’re going to talk about? Sean Tepper – found of TYKR Sean Tepper Sure. Yeah. My name is Sean Tepper. I’m the founder of TYKR, as Andrew said. And long story short, TYKRs a platform that helps people buy and sell stocks with confidence prior to that. My background is about 20 years in tech, 15 years investing, and I kind of created TYKR as a solution to a frustration in the markets. Sean Tepper And we could dive into what that frustration is, if you’d like. Yeah. But yeah, I had to create a solution because it was very hard to make decisions when I first got started. And that’s where really TYKR came from. And, but yeah, fast forward to today. We’ve got a little over, 13,000 customers in about 50 countries, including where you’re based. Sean Tepper New Zealand. Andrew Mitchem Oh that’s good. Yeah. So you had 50 countries. That’s a that’s an awesome effort. And, and Sean, I was reading about, you know, you started, on your website says, in, you know, 2011 to 2015, you were trying to figure out what wasn’t there to help you. What did you find back then? Was the biggest frustration that led to TYKR happening? Sean Tepper Yeah. So when I first got started, you know, I think I joined E-Trade. And, you know, there’s so many brokers these days, it’s hard to keep track of. But as soon as I joined, I had no idea what to do next. So I started going on YouTube researching where do you go to invest? Like looking up different investing platforms? Sean Tepper I found a few of our competitors, like Seeking Alpha and Motley Fool, and they do a fine job, but it’s still very difficult to truly know the difference between a strong stock and a weak stock is is very frustrating. And for context, my background is in tech, but to go, layer deeper, it’s actually in process engineering. Sean Tepper Like I’ve worked a lot for GE and Koehler. And the rule is in process engineering, if you have 100 data points, you cannot present that to a customer or an executive. You have to roll it up to ideally a binary decision like yes or no or a traffic light. And I was complaining at that time, like, am I the only one complaining about the fact that there’s no process engineering lens layered over investing like, this is insane. Sean Tepper Like nobody’s making it easy. And that was kind of the green light I was thinking of, like, hey, if I could figure something out here, I think the big solution is a create a process engineering solution in the world of finance and apparently I’m the only one really doing that today, other than the few platforms that say buy or sell. Sean Tepper But I don’t really recommend that. But yeah, that was that was the beginning. And it took about a year to build this Excel sheets. And I give you context here, I found a lot of inspiration from Phil Towne. He wrote a few books on value investing. Do you know Phil Towne? Andrew Mitchem No, I don’t know. No. Okay. Sean Tepper Your your audience may be interested. He wrote a book. One of them is rule one. The other one is payback time. I really provided some. Yeah, yeah. You know, rule one investing, Warren Buffett. We can talk about that. But, yeah, I, I found some of the calculus in his books, put it into Excel, and I ended up coming up with about 50 data points to analyze the stock. Sean Tepper And then on top of that, I created a traffic like rating system where stocks are either on sale, watch or overpriced. That’s green, gray or red. And I used it the next 4 or 5 years on my own, making returns between 15 and 50%, and my returns still fall in that range today. Our customers actually fall in that range as well. Sean Tepper But yeah, I, I wanted to make sure I’m using my own money testing it to make sure it works, not just like four weeks or four months. I went like that over four years. And then it was 2019 was the inflection point when IR
#623: Trade the Markets From Anywhere in the World
Trade the Markets From Anywhere in the World Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Attend my Free Masterclass #623: Trade the Markets From Anywhere in the World In this video: 00:27 – On holiday in Christchurch. 00:41 – My trading day remains the same even when travelling. 01:45 – My trades today. 02:30 – Using limit orders to place trades when it suits you. 04:23 – Massive moves in the market. 05:05 – Get on my Masterclass 05:25 – Blueberry Markets as a Forex Broker. Would you like to trade and travel at the same time? There’s not many other opportunities that allow you to make money, carry on with your normal work, and travel. So let’s talk about that really important topic and more right now. Hey there Traders! This is Andrew here The Forex Trading Coach with video and podcast number 623. On holiday in Christchurch. I’m in Christchurch in the South Island here of New Zealand. Been here for a few days with my wife. We went to see a show last night. Caught up with one of our daughters who lives here, and we’re having a great time. Middle of summer. Absolutely beautiful here with the River Avon behind me. My trading day remains the same even when travelling. Now, with being here, trading has carried on exactly the same for me. I’ve just taken the daily chart trades today. It’s just turned 11:00 here, and my trading is exactly the same as if I were at home. And that is one of the beauties of being able to trade properly and to trade the way that we trade. I see so many different people on YouTube and different social media sites where they’re looking for this pattern to happen and they’re looking for this indicator to cross that one and they’re looking at, say, like 5 minute charts and 15 minute charts. And to me, it’s just not realistic. As someone that’s been trading for over 20 years and this year The Forex Trading Coach turned 17 years old, one of the things that I find that our clients love about what we do, and also for myself personally, about what we do, is it’s still thoroughly enjoyable and profitable, but we’re not spending all day looking at charts. My trades today. So right now, I’ve just looked at one daily chart and one 12 hour chart trades at the 5:00 pm New York change of day, which just happens to be 11:00 in the morning here at this time of year. And then that’s it. My trades are done. I will have a look at maybe 5 a.m. New York time, which is tonight. But for people that can’t make the 5 p.m. New York time, it doesn’t matter. Because the beauty of the way that we trade is we are using limit orders. And so you don’t need to be here at this particular time. And when you’re traveling, that is so important because obviously different time zones and you’ve got different events on and things like that. Using limit orders to place trades when it suits you. The way that we trade means that you can put your limit orders on when you get a chance and just leave the trade to do its thing. We have our maximum loss already controlled, so we know the worst that can happen. For me personally, it’s only half a 1% risk per trade, but it also means that if we have a profitable trade on the daily chart today, I’m going to make close to a 3 to 1 return. So in other words, half a percent risk, I will make a 1.5% gain on my account. Now, the beauty of that is you can do that. You can put that across to prop firms, whatever it is that you choose to do, whether it’s your personal account, live account, or prop firm account, and it’s just that one trade taken once a day. And that’s the beauty. For me to trade today, because of course I’d be taking the 12 hour chart trade as well, but I don’t have to place the trades right now. I’ve got hours and hours to place the trades. And so if you’re in Europe, you see how well the changeover of the new day is night time. Well, you can take those trades in the morning. It doesn’t matter. You can say, well, I’ve got work to do. I’ve got things with the family. Take the trades when you get a chance. And because, as mentioned, we use limit orders. And if we’re taking a sell trade where our sell limit is there, the market first needs to move up and that fills the sell limit order. And then we’re looking for the market to move down. Opposite with the buy trade is that we’re looking for the market to first move down. And then the daily chart or the 12 hour chart, you’ve got hours and hours before the market will do that on most occasions. So if you’d like to find out how we do this, how we travel and trade, last year in the US, and this year we’re looking at heading away as well in our winter. And so trading, as mentioned, carri
#622: Massive Market Moves Most Traders Miss Completely
Massive Market Moves Most Traders Miss Completely Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Attend my Free Masterclass #622: Massive Market Moves Most Traders Miss Completely In this video: 00:28 – Massive market moves recently on Metals and Cryptos. 01:08 – Did you miss out on making money from these moves? 02:15 – Why I don’t look at the news. 03:00 – Why trading is not risky. 04:18 – My Masterclass webinar. 04:46 – Blueberry Markets as a Forex Broker. 05:25 – Contact me. We have seen some massive market moves over the last few days and few weeks. Hopefully you’ve gained from those and if you haven’t, you need to watch this video. Let’s get into that a more right now. Hey there traders. It’s Andrew Mitchem here at The Forex Trading Coach with weekly video and podcast number 622. Massive market moves recently on Metals and Cryptos. Well the moves have been enormous haven’t they. If you’ve been looking at like Bitcoin. Bitcoin was $126,000 just 17 days ago. Then it dropped to $72,000, a huge drop. Did you get some of that? Silver, $121. Just three days ago, then dropped to $71 just in three days. Huge. Did you get some of that? Gold. $5,500 just three days ago. Right now, $4,400 in three days. Again. Incredible moves. Hopefully you got some of that movement. Did you miss out on making money from these moves? And if you didn’t, you need to be asking some questions. Because if you go and have a look at, say, the gold and silver, have a look at the daily chart and you’ll see at the top of a very, very large uptrend on both markets there was suddenly a huge indecision candle. It was the early warning signal for us as technical traders that things were coming to an end. The bullish run was coming to an end and look what we saw. Now, sure, not many people could have seen such a massive drop in just such a short amount of time. That’s not really the point. The point is that if you had seen that indecision candle and you still had some buy positions in, probably a good time to start looking at, getting out of them or closing part of your positions. Likewise, if you’re looking for selling opportunities, well, that indecision candle gave you the first decision or early warning that things were about to tip over. But now here we are just a few days later. Now we’re looking at buying opportunities again right now, today on multiple gold pairs as well, and a few of the silver pairs as well. And that just comes about from understanding and reading candles. Why I don’t look at the news. So if you are out there trying to decipher why these things happen, looking at news, trading and trying to work out all why’s gold and silver suddenly going up and up and up and then suddenly crash? Why is Bitcoin done the same? For me personally, as someone that’s been trading the markets for over 20 years as a full time trader, I don’t look at the news. Yes, I have a look to see what’s happening. I’m aware of what’s coming up, that type of thing, purely for knowledge. But does it influence my trading? Not one bit. The reason is, is I can tell everything I need to know to make good, smart, reliable decisions from looking at the charts now that, is applied across all markets and all timeframe charts, and that is where I think we have such an edge in our trading now. Why trading is not risky. A lot of people will look at those massive drops and go, oh my goodness, you know, that’s so risky. You know, I could have bought silver $121 and then it dropped to 72. It’s so risky. I can’t do that. And the point is, is that once you understand risk and you have low and controlled risk on every trade, you’re not making those massive losses. You know, you just if you know what you’re doing and risk is such an important part of trading or controlling it, both helps your emotions and your bank account. You need to keep your risk low and controlled and equal on every trade. And so all that is happening with those massive drops is it was giving us against the massive uptrends great opportunities to take sell positions on those golds and silvers and bitcoins, etc. over the last little while. Now we’re seeing pullbacks and now we’re seeing bounces at previous lows, and now we’re seeing the candle patterns that are starting to turn bullish in the right part of the chart to give us like opportunities to start buying those markets again and picking up those uptrends that are likely now to follow with the bigger picture uptrend after a pullback. And so that’s what I call a continuation trade. And that’s why right now today we’re about to take some certainly some gold trades and a couple silver trades. Buying them back up again. My Masterclass webinar. So if y
#621: Master Trading Discipline and Consistency
Master Trading Discipline and Consistency Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Attend my Free Masterclass #621: Master Trading Discipline and Consistency In this video: 00:25 – The mental side of trading well. 00:49 – Tom’s background. 02:40 – You don’t need to be perfect. 06:34 – Ideas for new traders. 09:25 – AI and the future as a trader. 14:25 – Closing the trade early for profit. 16:52 – False results from gurus online. 19:50 – Trading and stress. 23:14 – Andrew looking at D1 charts in a few minutes. 26:25 – People need support and community. Andrew Mitchem Hi everybody. It’s Andrew Mitchem here at the Forex Trading Coach. Welcome to another video on podcast. I’m really excited today to be joined by Tom Winterstein, who is a certified mental performance coach and trader over in the US. Welcome a long time. Nice to see you Tom Winterstein Great. Thank you. Great to be here. The mental side of trading well. Andrew Mitchem Tom, look, I think we’ve got a lot of great information that we’re going to help people with on this, video on podcast. Because we were just chatting about the mental aspect of trading and how it’s something we’re both huge on, but it’s something that most people just completely overlook in their trading, especially if they’re new. Andrew Mitchem So maybe you can give us a bit of background on yourself and that aspect of your trading and how it’s crucial to someone’s success. Tom’s background. Tom Winterstein Sure, sure. Thank you. Thank you for that. Well, I’ve spent over 30 years in the markets as a trader, an investor and an educator, and I’ve been focus on, you know, global markets like futures and, equities and commodities, forex and, and even crypto using a price action based approach. But that wasn’t always the case. That wasn’t how I started. Tom Winterstein Like most traders, I went through various different systems, indicators, you know, gurus, signals and stuff and totally ignored, any of the, the trading psychology or mental performance side because I thought I didn’t need it. You know, I could succeed without that. You know, most traders, you know, like yourself and like me have been very successful. We’ve had successful periods in our life and we approach this as something that it’s another thing we can be successful in. Tom Winterstein Although it’s not quite that easy, it doesn’t translate that as well. If you leave out certain parts of it. So what I realized is that most traders don’t struggle because they they lack a strategy. You know, most traders have a strategy. They’re not just, you know, throwing a dart and buying or selling willy nilly. They struggle because their execution breaks down when there’s real money on the line and in their emotions take over the, the class and that that right there, you know, that experience was the shift that led me to focus on building a repeatable performance environment. Tom Winterstein Okay. Right. Hence the mental side of it had to be combined with price action or whatever your strategy or edge was today. My work centers not only in price action, but risk management and mental performance systems that help traders perform consistently, not perfectly, but consistently. And that’s that’s really, you know, the best we can strive for as traders or investors is to be consistent and have a system that that, you know, takes us through the decision making process. You don’t need to be perfect. Tom Winterstein So in the heat of the moment, those decisions are outsourced to our process. Andrew Mitchem Yeah. Interesting. I like I really like the phrase that you use to that not making it perfect because I think when people get into trading and, you know, they buy a course or they read an e-book, whatever it might be, they see that boring bit at the top that talks about risk management and psychology and mind control, you know, mining everything, the all the important things that we’re going to talk about. Andrew Mitchem But they get that, oh, I don’t need that. I scroll down through the important bit because I want the strategy. And then when they do things like backtesting, they they want the perfect strategy. And and your phrase about it’s not perfect is so true because as we both know, we can see what we think is an A-grade setup. Andrew Mitchem You take your trade and it still doesn’t work sometimes. So that’s just the way of the markets. But not being perfect is something that people, don’t want. They want to be perfect, but they ignore the important and the risk and the micro. Why? Why is that? Why do people do that? Is it just a boring topic? Tom Winterstein Well, it’s many cases. Like even myself, when I was younger, I
#620: Why Traditional Investments No Longer Work
Why Traditional Investments No Longer Work Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Attend my Free Masterclass #620: Why Traditional Investments No Longer Work In this video: 00:36 – How can you achieve high returns these days? 01:04 – A massive 0.75% interest rate. 01:50 – Trade results for the week from trading FX. 03:08 – What are your plans for success? 04:00 – Time and financial freedom. 04:26 – The Successful trader coaching program. 04:57 – Blueberry Markets as a Forex Broker. 05:38 – Don’t waste this year – act now! We’re living in a world where high returns are quite difficult to achieve in many traditional markets. And I want to talk about that because unless you’re out there doing something slightly different, you potentially could be going backwards when you add inflation and the cost of living, etc. into the equation. So let’s talk about that a more right now. Hey there traders! Andrew Mitchem here at The Forex Trading Coach with video and podcast number 620. How can you achieve high returns these days? Now I want to talk about inflation. I want to talk about interest rates and returns. And the reason I want to talk about that today is I’ve got a piece of paper here printed out from Lloyds Bank. It’s a bank that I used to use when I was a kid over in England. I still have an account with them, and they sent through an email, which I printed out here, regarding a reduction in the interest rates that they will now be kindly offering me on a cheque account that I still have there. A massive 0.75% interest rate. Now the interest rate has gone from an enormous 1% down to a staggeringly exciting 0.75%. So they’re effectively cutting the interest rate that I’m getting from nothing to even less, but they’re effectively taking it down. You know, they’re taking 25% off of that from 1% down to 0.75. Now, of course, neither of those two rates are very exciting. And by the way, this is up to 25,000 pounds in this savings account. Absolutely crazy. And it got me thinking, because just behind me here — and you’re not going to be able to see it on the charts — it’s only Wednesday morning here and I’m making this video and podcast. Trade results for the week from trading FX. Now, Monday was a public holiday in the US, and so far the market’s been fairly quiet this week. But even so, with the trades that I’ve closed behind me here with very low risk, I’m up 2.9% for the week so far in just two trading days. And the trade that I have open — just one trade — is up 0.5%. So that’s already this week substantially more than they’re going to pay me in an entire year. And as mentioned at the beginning, with inflation and the cost of living — just go out and try and buy something in the grocery store. Well, luckily here we grow as much food as we can for ourselves. But you go out there anywhere around the world. It doesn’t matter where you live. I know what Europe’s like right now. I’ve spent a month in the States last year, and you just see the cost of living. You look at what’s happening to your rates bills, like your insurance. Everything that you purchase just to live is going up and up and up through the roof. Yet interest rates in the traditional sense of investment — like, I know a bank account, that’s not really what you call a traditional investment — but it’s still something that you hope to earn some interest on. After all, it’s your money that they’re using and they’re giving you next to nothing. What are your plans for success? So it comes back to: what are you going to do to change that? Would you like to have the ability to, just like I’ve done here on my trades so far this week, you know, you put those trades open and closed together, pretty much a 3.5% return so far — in just two very quiet trading days. And so would you like to have that knowledge and ability to do that for yourself on a consistent basis? And if your answer is yes, I would — what’s that worth to you? What’s that worth to you in terms of a bit of time and investment in yourself? To have that knowledge to be able to do that. And I think that’s really the question that you need to ask yourself. Are you going to make 2026 the year when things change for you? Or is this going to stay the same as last year and the year before and the year before, when nothing happens and you’re effectively either treading water or going backwards financially. Time and financial freedom. And also time-wise? You know, because we all want time freedom. But of course we all want financial freedom. And you put the two together, and that’s what knowing how to trade properly with a strategy that does not require you to sit in front of the computer here all day. I̵
#619: What It Really Takes to Trade for a Living
What It Really Takes to Trade for a Living Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Attend my Free Masterclass #619: What It Really Takes to Trade for a Living In this video: 00:01 – Summary of the interview. 00:31 – Andrew Mitchem interview with Etienne Crete. 01:13 – What it takes to succeed in the market long term. 04:37– How long will it take to be a good trader? 06:25 – How do you know if your strategy is not working? 10:40 – What time frame charts should I trade? 18:23 – Prop firm advantages and disadvantages. 22:15 – What returns can I make? 27:40 – Mindset of trading. 30:36 – Contact Andrew Summary of the interview. The amount that you make as a dollar value is not important to me. It’s the percentage that you make as opposed to the percentage risk, because you can go on to a prop firm and use their money if you’re good. You know, it doesn’t matter whether I lose $10, $100 or $1,000 if it’s still the same percentage. I’m going to make $30, $300 or $3,000. You know, if it’s a 3 to 1 trade, providing that you get your mindset away from the numbers and you look at it as percentages. Andrew Mitchem interview with Etienne Crete. Something not to do with Andrew Mitchem. And Andrew is a trader that I really admire for his consistency in trading the same methods mostly for multiple decades now, I believe. So it was good to see you back on the podcast. We had a chat a few months ago, I believe, and then you were the very first guest on the podcast. Always kind of welcome back here, which is cool. But tell me what’s going on with you and kind of what you’re up to these days. Yeah. So nice to be here, first of all. And lovely. I think this is our fourth or fifth one. So, really good to be here. Yeah. Life’s good here with summertime over in New Zealand. Markets are good, which is nice. Now we’re, you know, we’re over that Europe to be in the northern hemisphere summer season. Yeah. It’s good. Life’s good, as in very good. Awesome. What it takes to succeed in the market long term I want to address certain topics it’s going to come down to, I believe, is the theme of what it really takes to succeed in the market long term. I know you have students who are very profitable now. Yeah, students who might struggle a little bit. Have maybe a lot of people who will see you, and then they see you trade full time and they kind of wonder why you’re so successful. Can you kind of start to unpack this and kind of figure out, what does it take to make a living in the markets in the long term? Yeah, I think there’s obviously a lot of dedication required to trade and to trade well. A lot of dedication and learning up front. I think one of the things I see that a lot of people today are not doing is I don’t think there’s a lot of people there that are willing to put a lot of time and effort into their trading. And I think as a full-time trader, I’m noticing that’s getting possibly worse. You know, whether it’s a social media thing or people want instant results, I’m not entirely sure what the actual reason is. But one thing I do notice is that people aren’t putting that time and effort in. And if things aren’t going well and they’re not suddenly making a fortune in a month, they give up. But I find from my point of view, from what I can help people with, it’s just being honest with people and saying, you do need to put some time and effort in to do it properly. You can become a full-time trader. Absolutely. It’s not going to be for everybody. You still have to absolutely love it and have that passion to want to do it and to turn up, to expect that not everything’s going to work perfectly. Market conditions are not always going to be great. You’ve got to take losing trades, losing weeks, losing months sometimes, but you’ve got to stick through it and be consistent. And I think that’s one thing I can tell people with my years of experience: that’s how you’re going to get through it. It’s a little bit harder for some people to actually accept that because, you know, when you’re in the middle of a slump, it’s quite hard to see the other side. It’s funny how trading seems to get easier in the sense that you have more information. You have more coaches that can help you how to trade and stuff, but people seem to be putting less effort than before, I feel. Yeah, absolutely. People are not willing to put time in or dedicate some time to try and learn. Look, I’ve got these things behind me here. That’s my new passion, playing guitar. I’m putting daily practice into it. I’m learning to sing. You know, I’ve done the helicopter thing, I’ve done the karate thin
#618: Review Your Trading Year & Prepare for 2026
Review Your Trading Year & Prepare for 2026 Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Attend my Free Masterclass #618: Review Your Trading Year & Prepare for 2026 In this video: 00:59 – Reviewing 2025 trading conditions. 01:23 – Daily trades at +30% for the year. 02:08 – Consistency is key. 02:35 – What’s worked and what has not worked for you this year? 03:05 – Multiple markets to trade well this year. 03:54 – I traded while on holiday in the US for 1 month. 04:47 – Ask us for help. 05:07 – Attend my 30 minutes Masterclass. 05:50 – Our Christmas break. 06:18 – Our 17th year next year at TFTC. 08:00 – Thanks for your support and happy Christmas and New Year. How’s 2025 been for you as a trader? Hopefully you’ve had a good year. The market conditions have been excellent. And also, I’d like to challenge you to review your year, to see what worked, what has not worked, and what you are going to do to make sure that over the next few weeks, 2026 becomes a great trading year for you. Let’s talk about that and more right now. Hey there, Traders! Andrew Mitchem here at The Forex Trading Coach with video and podcast number 618. The last one for 2025. I’m outside here with the beautiful New Zealand Pohutukawa trees, which are called the New Zealand Christmas tree if you’re watching on video. They come at this time of year in December. Beautiful red flower. But, yeah, I want to make this video just to talk about the Christmas break, about New Year. Reviewing 2025 trading conditions. But also to review your 2025. How have you found it? I’ve found that the market conditions this year have been really good. After maybe a couple of years of more quiet forex market conditions, this year the conditions are back again. Great movement in the market. And we’ve had a great year, like this awesome year. Great results across multiple time frame charts and multiple markets. Daily trades at +30% for the year. To give you an example, just our daily chart trades alone on half of 1%, and forget, we’re up at a plus 30%, three zero, for the year. And still with two weeks of trading to go. And it just shows the consistency. Every single year since 2010, our daily trades have been profitable. But another 30%, and that’s complete set and forget. So, obviously with a bit of trade management, you could do better than that. Now, that’s one timeframe I’m talking about here. On top of that, we also post trades on the monthly charts, weekly charts, and we talk about other time frame charts such as 12 hour, 8, 6, 4, 3, 2, 1 and everything in between. Consistency is key. And so it just shows the consistency of not only being able to follow along and earn from your trading while following what we’re doing, but of course our job is to help you as well, for clients to learn so you know exactly what to do. You know what to look for, how and where and why to enter and exit a trade, to ensure that your risk is low and your reward to risk is really high. So really important that you know that in your strategy. What’s worked and what has not worked for you this year? Now, I would challenge you, if you’re not a client, to have a look at your strategy and what’s worked and what’s not worked this year. But also, you know, take this time now with the markets going to be quiet over Christmas and New Year and just have a good think about what it is that you need to do differently into 2026 if this year was not a good year for you. As mentioned, conditions have been really good this year. And therefore, if your strategy’s good, you should have had a very good year. Multiple markets to trade well this year. We found that, you know, the forex market has been good. The non-farm markets have been good. Just this week, we took a sell trade on US oil. That was profitable. Just earlier this morning, my time, it hit the profit target. We’ve had multiple crypto trades, other commodities and indices as well. And so even if one market’s a little bit quiet or one timeframe’s a little bit quiet, because the strategy works across all markets and all time frame charts, we’ve found really good results and conditions on the likes of US oil if, let’s say, the forex market was quiet on that same day. And that’s the beauty of being able to scan different time frame charts and different markets. So, is that something that you need help with or is it something that you’re absolutely fine with? Just review your trades and it’s really important. I traded while on holiday in the US for 1 month. From a personal point of view, I had a month in the US with my wife for her 50th birthday in July and August, and the beauty is, you can trade and travel and trading just carried on exactly the same. And, you
#617: Too Busy to Trade? Try This Weekly Strategy
Too Busy to Trade? Try This Weekly Strategy Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Attend my Free Masterclass #617: Too Busy to Trade? Try This Weekly Strategy In this video: 00:31 – Do you lack the time to trade? 01:50 – How to trade without taking up too much time. 02:08 – GBP/HKD W1 chart with a 4.8:1 Reward:Risk. 03:27 – My first ever client trades only Weekly charts. 04:33 – Look at the charts just once a week. 05:18 – It’s all about knowing what to look for. 05:41 – Book a call with us. 06:04 – 30 minutes Masterclass. 06:25 – Blueberry Markets as a Forex Broker. 07:04 – Like, Share and Subscribe Do you think that you’re too busy to trade? If that’s you, I’ve got a great solution for you. This is something that my very first client from back in 2009 has done since then, whilst running his very successful business. Let’s get into that and more right now. Hey there, Traders! It’s Andrew Mitchem here at The Forex Trading Coach with video and podcast number 617. Do you lack the time to trade? So a common problem that so many people face is they think they are too busy to trade. And it’s fair enough because you see out there online, you know, examples on various platforms, YouTube, etc. of people looking at charts and looking at 5 minute charts and watching every pip move up and down. And you look at that and you think, well, realistically, how on earth can I copy that process? Because I’m just too busy. I’ve got, you know, work, businesses, family, hobbies, whatever it might be going on in your life. And there’s no way that you are going to be able to afford that time to sit there, either to want to do it or to be able to do it, to sit there watching charts, ready to take little trades every now and then. It’s just not realistic. And of course, many people wake up to that fact and they go, well, looks good and maybe in hindsight, but I just realistically cannot dedicate time to doing this. And even if you could, do I really want to sit there just staring at charts, watching 5 minute charts and 15 minute charts, just waiting for that signal to occur? Probably not, because it’s not realistic and it’s not something you’re going to enjoy and continue to be able to do or want to do long term. So everybody’s got busy lives. I get that. How to trade without taking up too much time. So what can you do to still become a good trader, but to not take up all day? And the very simple solution is you can look at the longer time frame charts such as the weekly charts. Now, just this week, right now is the absolute perfect example. GBP/HKD W1 chart with a 4.8:1 Reward:Risk. At the beginning of this week, we suggested a buy trade to our clients on the GBP/HKD. Now you go and have a look at your weekly charts for the beginning of this week. Go on to the pound Hong Kong dollar and you’ll see the candle setup that I’m taking now. Right now as I’m recording this, the trade has not reached a profit target. But it’s very, very close. It’s only like ten pips away right now. If it hits the full profit target, which it’s almost certainly going to do, especially by the time you watch this and listen to this, the trade’s going to make a massive 4.8 to 1 reward to risk. So if you imagine that at the beginning of this week you saw that trade and you placed, let’s say, a 1% risk on that trade, that’s going to make you an incredible 4.8% gain on your account on the one trade in one week by taking literally, what, ten minutes to scan through the charts, if that, just at the beginning of the week. If you took a half percent risk, that’s going to make you a 2.4%, not a bad gain in one week from a trade that took you like five or ten seconds to actually place, and then you’ve forgotten about it. No more chart watching. You just put the trade on, put your stop loss on, put your profit target on and let the trade do its thing. Let the market do its thing. Now that is a solution for you if you’re short on time. My first ever client trades only Weekly charts. Now, my very first client, and he was the instigator in starting The Forex Trading Coach because he used to buy trading signals from me. And he said, look, Andrew, would you fly across to Australia to come and teach me? And I spent about four or five days with this guy and his family back in 2009, and that is how I started the coaching. And he was just thrilled with the system and thrilled with everything I taught him. And to this day, he is still trading. Now this guy owns a number of restaurants, very high end quality restaurants in Noosa in Australia. And he traded back then the weekly charts and to today he continues to trade just the weekly charts because for him he can have a look at his charts once a w
#616: Find the Best Time Frame for Trading
Find the Best Time Frame for Trading Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Attend my Free Masterclass #616: Find the Best Time Frame for Trading In this video: 00:27 – Traders are confused over which time frame chart to trade. 01:25 – New traders give up. 01:42 – This changed my trading around. 02:43 – More time frame charts now available. 03:00 – What do you prefer and what are the market conditions doing? 03:36 – Look at 5pm and 5am EST. 05:42 – Book a time to chat with us. 06:04 – Blueberry Markets as a Forex Broker. Do you get confused with not knowing which time frame chart to trade, or when to look at your charts for a new trading opportunity? If that’s you, listen up. I’ve got some great solutions for you. Hey there traders! It’s Andrew Mitchem here at The Forex Trading Coach with video and podcast number 616. Traders are confused over which time frame chart to trade. So today I want to address a common problem that I find that a lot of traders have. And that is they don’t know what time frame chart to trade. And also they don’t know when to look at the charts. And there’s a couple of real easy solutions and answers that I have for you. See, the issue that a lot of people have is when they start trading, everybody wants to take trades and lots of them because it’s exciting and it’s new. And of course, if you go to like a 15-minute chart or a five or even a one-minute chart, you’re going to see the market moving and you think, “Oh, there are great opportunities here.” But of course, at that time you’ve got little idea about spreads. And if you take sell trades and the spread widens a bit in levels, it’s going to take you out for a loss quite easily. But everybody kind of goes through it and they think they need to trade like five-minute charts and scalp. And it looks really cool and exciting. New traders give up. The issue becomes that you soon realize that either the spread’s taking you out and you’re losing trades all the time, or you’re getting glued to the charts and you become trigger happy, and then you become nervous and you don’t know what you’re doing, and you lose confidence and you give up. This changed my trading around. One of the things that changed my trading around some 20 years ago, nearly now, is I went the opposite way after falling for the short time frame trick. I went the opposite way. I went to a daily chart. I took all the indicators and everything off my chart, and I studied the daily charts. I found that the higher time frame charts were more reliable, gave me good information, far less stress, looked at the charts just once a day, news events don’t really affect them, and it’s far more enjoyable and far more rewarding. Your profitable trades are so much better and it just becomes a better thing to do. And when I made my strategy that I still trade today, I did start on daily charts. And then you can go higher time frames to like weekly and monthly. But also I then discovered that I got shorter time frames, you know, I go into like four hours and one-hour charts potentially, but not so much for me. You can trade it. More time frame charts now available. Now, of course, more recently we have the ability to trade charts like 12-hour, 8-hour, 6-hour, 3-hour, and 2-hour. And the logic and strategy that I use works across those time frame charts as well. More time frame charts now available. So there are a few things to answer your question about what is the best time frame, because it does depend. The answer is — it depends. It depends on you as an individual as well. What type of personality have you got? The other thing it depends on is the market conditions at the time right now. And for example, some weeks we take lots of 6-hour chart trades and other weeks we take lots of 12-hour chart trades. In other weeks we take lots of 2-hour chart trades. So it does depend on the currency pair or the market you’re trading and the overall market conditions at that time, because it varies. Look at 5pm and 5am EST. So a way to get around that, because otherwise you’re going to be looking at charts all the time — one of the suggestions I have is that if you have the time availability, you look at your charts once or twice a day. The two times that I think you’re going to find some of the better opportunities would be 5 p.m. New York time. That means at the end of the trading day — so the start of the new trading day. And at that time you can look at the daily charts because obviously a daily chart closes and opens straight away into the next day. So you can analyze the closed daily chart and look at trades then. At that same time, we also go through and analyze and scan 12-hour, 8-hour, and 6-hour charts. And we post trades for our clients on
#615: Trade Smarter: Bollinger Bands Made Easy
Trade Smarter: Bollinger Bands Made Easy Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Attend my Free Masterclass #615: Trade Smarter: Bollinger Bands Made Easy In this video: 00:23 – Don’t sit at your charts all day. 00:41 – Using Bollinger bands. 01:19 – You cannot trade every suitable candle without qualifying it. 02:30 – Why Bollinger bands can help you to trade. 04:00 – Add Bollinger bands when checking for suitable candles. 05:02 – New Forex Masterclass. 05:25 – Book a call with us to chat about your trading. 05:45 – Blueberry Markets as a Forex Broker. 06:21 – Like, Share and Subscribe Today, I’m going to explain to you why I use Bollinger Bands. They’re a really important part of your trading and can massively help you if you know how to use them right. So let’s talk about that and more right now. Don’t sit at your charts all day. Hey there, Traders! Andrew Mitchem here at The Forex Trading Coach — outside on a glorious day with one of my wife’s horses here. One of the beauties of trading, and the way that we trade, is that you do not need to sit at your charts all the time. You don’t need to be at the computer all the time. Far from it. In fact, the opposite — less is more with good trading. Using Bollinger bands. But the reason I want to talk about Bollinger Bands today is that I had a discussion with somebody yesterday who’s been trading for just a little while — not a client yet, but he was interested in how we trade, how we operate, and in coming on board with us. I actually met him in town, took my laptop, and had a really good chat with him. He knows that we use candle patterns and candlesticks as one of our primary ways of looking for a trade and understanding what’s happening in the market. Now, he’s reading Steve Nison’s book about candle patterns — which I probably looked at maybe 20 years ago. You cannot trade every suitable candle without qualifying it. And I said to him, the issue that I find is that if you look at candles just by themselves, they don’t really tell you a lot. They can help, but there are too many false candles. You cannot take every outside bar, engulfing bar, pin bar, or hanging man — whatever it is you’re looking at — as a trade. You just can’t do that, because you’re not going to be successful. What you need to do, as with any trading, is qualify it and make sure it’s in the right part of the chart. I took my laptop and showed him some trades that I had open live — in fact, two of the trades hit their profit targets. They were six-hour trades on XAG/AUD and XAG/EUR, which we posted for our members yesterday. They actually hit their profit targets live as I was sitting in a café talking with him, which was quite amazing. I said, “Well, you can’t make that type of thing up, can you? It just happened right in front of you.” Back to the story — I was discussing those trades and others, showing him the reasons why we took them. Yes, it was the candle patterns, but also where they occurred on the chart. We were using support and resistance levels, round numbers, stop-loss protection, and all those types of things. Why Bollinger bands can help you to trade. But the other point he wasn’t aware of — and what I want to discuss today — is about the use of Bollinger Bands. Now, I’m not a massive fan of using lots of lagging indicators because, well, they lag. However, I find that Bollinger Bands can really help you put the candle in the right part of the chart. Of course, you need prior trends and indecision and all those types of things. But if you just look at the setup candles that we look for, and if you’re looking for candles that occur near the upper or lower Bollinger Bands, then what you’re seeing are potential reversal trades. In other words, if you had a nice uptrend and your bearish candle bounced off the upper Bollinger Band (or near that area), then that could be a very nice reversal trade — looking for the downtrend to start. Likewise, the opposite of that — if you’re in a downtrend and you see a bullish candle bounce off the bottom Bollinger Band, then the market might start to reverse upward. Likewise, we also use the middle Bollinger Band. That’s a great area for helping to quantify trades that are continuation patterns — and continuation patterns are my personal favorite. It means that the market’s been moving up, then pulls back toward that middle Bollinger Band, you get a bullish candle pattern, and then you’re looking for the market to move upwards again. The opposite applies for bearish continuation patterns. Add Bollinger bands when checking for suitable candles. So, go and add Bollinger Bands to your charts and start looking at the candle patterns that we look for. By the way, that book I mentioned probably has hundreds of patterns — but you don’t need tha
#614: Surround Yourself with Successful Traders
Surround Yourself with Successful Traders Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Attend my Free Masterclass Leave me your comments and feedback #614: Surround Yourself with Successful Traders In this video: 00:34 – Do you belong to a community of traders? 01:04 – Survey results show people need to be part of a community of traders. 01:52 – The TFTC community helps our clients succeed. 02:40 – Most trading forums are a waste of time. 04:00 – We trade just 1 strategy, and all help each other. 06:00 – There is more to the course than the strategy. 06:29 – Free 1 hour live Q&A Webinar. 06:40 – Book a call to talk with us. 06:45 – Blueberry Markets as a Forex Broker. 07:15 – Surround yourself with like-minded people. Did you know that one aspect of being a really successful trader is to surround yourself with other successful traders — other like-minded people from all around the world who are out there achieving greatness in their trading and in their lives in general? Let’s talk about that really important topic and more right now. Hey there, it’s Andrew Mitchem here at The Forex Trading Coach with video and podcast number 614. Do you belong to a community of traders? Today I want to talk about a topic that does not get discussed very much. It’s a really important topic though, and it can make or break your trading. It’s about being part of a community — surrounding yourself, whether it’s in person or online, with other like-minded people. People out there who are trading the same way as you. People who are trying to achieve things in their life in general. I think that’s such an important part of trading, and I know that for you that’s also really important. Survey results show people need to be part of a community of traders. The reason I know that is that a couple of weeks ago, I sent out a survey to people who are not my clients — people who have written to me over the years asking for help or downloaded e-books, been on webinars, etc., but have not yet joined. One of the questions was all about trading community, and it actually had the highest single response. With one answer, it was an overwhelming majority of people — in fact, 76% of all respondents — who said that being part of a community of traders just like them and other traders from around the world is the thing that they are missing out on, and the thing that they value most. 76% of respondents said, “Yes, that’s very, very important to me.” The TFTC community helps our clients succeed. And so it got me thinking, because one of the things that we really pride ourselves on here at The Forex Trading Coach is our community. There are a number of ways that we do that. We keep in touch with people, and when I think about how people interact and I look at other ways that people interact online, what we do is vastly different. The trouble is, out there most social media platforms are full of keyboard warriors — quite honestly, idiots at times — the majority probably of people who are out there telling others what they should and shouldn’t do. People are taking advice from others who don’t really know what they’re doing, and they’re all out there with their own agenda — not really trading. Most trading forums are a waste of time. The other thing I used to be part of years ago — and I haven’t for a long time now — is other forums. The problem is they often get overtaken by some clown who thinks they’re going to dominate the forum and they know more than everybody else. A discussion gets out of hand, arguing starts, and it’s just ridiculous. Or someone comes up with a good idea and a strategy, and a few threads later it’s completely changed because someone says, “Oh, we need to add this,” or “I don’t like that,” or “We need to do that.” And it just all implodes — it always does. What I find is that, in general, on social media, people are lonely. They think they’re part of a group, but they’re not. Trading by yourself, whether it’s at home or on a laptop somewhere, is lonely. How many people listening to this right now have friends who honestly know what you’re doing as a trader? Do they think you’re gambling? Do they think you’re just throwing your money away? Do you have a husband, wife, kids, or parents who just think, “Oh, you’re wasting your time looking at charts, doing silly things, and gambling your money”? As a result of that, you don’t have anybody to contact. You don’t have anybody to speak to. Now, that’s what 95% of people do. What we do is massively different. We trade just 1 strategy, and all help each other. Our forum site is full of traders from right around the world — 109 countries — all out there trading one system, one strategy, all helping each other. Multiple sets of eyes looking at the charts at the same time,