Online Forex Trading Course

Trading Full Time in 30 Minutes a Day Podcast: Signup For my Forex Masterclass 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 #532: Trading Full Time in 30 Minutes a Day In this video: 00:31 – At the beach and trading just twice a day. 01:04 – 2 trades taken on the D1 charts and 1x H8 and 1x H12 trade. 02:10 – Look at the charts twice a day. 02:46 – A 3% gain from Wednesday’s D1 trades. 05:18 – View my Masterclass. 05:30 – Book a call with us. 05:39 – Blueberry Markets. In today’s video and podcast, I’m going to explain why I much prefer trading the longer timeframe charts. Looking at my charts a couple of times a day and being able to enjoy life. So let’s talk about that more right now. Hey, the traders, Andrew Mitchem here at the Forex Trading Coach with video and podcast number 533. Something a little bit different today. At the beach and trading just twice a day. I’m at the beach. This is called Rabbit Island, just out of Nelson. Now, way back there somewhere, my daughter and her friends on their horses going for a ride. Why am I telling you this? Well. Because that’s the beauty of trading. The longer timeframe charts. You know, I don’t need to be sat at home right now, sitting on my computer, just glued to say, like five minute charts, 15 minute charts, just waiting for something to happen, almost forcing something to happen. Because that’s when I’m ready. 2 trades taken on the D1 charts and 1x H8 and 1x H12 trade. Instead, I took two trades today on the daily charts. I took a sell on the Pound/Franc and I sell on the US/Franc and I’ll take in a buy trade on the Pound/New Zealand and a buy trade on the Euro/New Zealand on the 8 and 12 hour charts. So four trades, they took me maybe 15 minutes all up earlier today at the 5 p.m. New York change of day to look at my charts, put the trades on after six because that’s when the spreads drop. I’m using limit orders anyway, so it doesn’t matter where you live in the world or what your time schedule is, you can take those trades and that then frees me up for the rest of the day. I’m going to have a look at later tonight my time, which is then 5 a.m. New York time, and at that time I’ll scan through the 12 hours, the 6 hours, maybe the 4 or the 2It has nothing happening on the higher timeframe charts, but most days we tend to stick to the 6 and 12 hour charts. Why? Well, because there’s plenty of opportunities there. Look at the charts twice a day. And so what that means is by looking at my charts just twice a day, I can come and do things like this. I’m probably spending half an hour, absolute max chart time. I know the pattern, so I’m looking for the currency pairs. Well, I’d look at strength and weakness, but if the currency pair is showing the setup to me, it doesn’t really matter what the pair is. Just because I live here in beautiful New Zealand does not mean I wouldn’t need to trade the New Zealand dollar. I’ll trade whatever showing the set ups as mentioned today. Pound/Franc, US/Franc both selling those two on the daily charts. A 3% gain from Wednesday’s D1 trades. Yesterday I took a Euro/New Zealand Daily chart trade and I took the Hong Kong 50 index and the China H index. Quite unusual, but that was the market or those were the markets that were showing the setups. And guess what? The set worked. We had our retracement all this filled up beautifully and by the time I woke up this morning at the both trades to pull back, there were buy trades. Both traders said pull back got filled absolutely perfectly. And then turned around going up to the profit target. Absolutely perfectly. So we got those trades, absolutely pinpoint, accurate and made some fantastic returns on those. They were about I think there are 2.8 to 1 return. I think one might have been 3 to 1 return. And so a small risk, you know, if you’re putting half percent on that, you’re making, you know, one and a half percent roughly on a trade and risking only half of 1%. So for those of you out there who are on prop firms, that’s exactly what you need. In order to pass prop firms, you don’t need hundreds and hundreds of trades. You don’t need to be spending a fortune in spread fees. You don’t need to be gluing charts all day. What you need is quality, quality over quantity will win all the time. You need low risk controlled risk, low drawdowns and high reward to risk trades. That’s what we do. That’s why we’re successful. That’s why we continue to be successful, both now in the past and in the future because of price action based. The strategy works across different timeframes. Exactly like I mentioned, you know, with those 12 hours, 8 hours, 12 hours and dailies, different markets, exactly like today’s daily

Making 2024 The Year You Become a Successful Forex Trader Podcast: Signup For my Forex Masterclass 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 #532: Making 2024 The Year You Become a Successful Forex Trader In this video: 00:26 – Why you need to make this year your trading year. 01:28 – Australian employment figures crash. 02:09 – Give yourself plenty of time and seek help. 03:33 – Joining a community and start on a demo account. 04:32 – Start with the basics. 05:18 – Trade through Blueberry Markets. 05:35 – Attend my Masterclass and book a call with us. How are you going to ensure that 2024 is the year that you become a successful and profitable trader? 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 532. Why you need to make this year your trading year. It is all about 2024. How are you going to make this year, the year that you become a successful trader with no doubts at all? This is the year for you to do it. How are you going to do that? Well, have a look around the world and I’m going to show you why you need to do it first. You know, you have a look at what’s happening around the world with cost of everything, inflation rates. You know, look at how much it costs to book a flight. Look at how much good quality food cost these days and how many people are out there. Cannot afford good meat, good vegetables. And so therefore, they’re living on really poor, low nutritious food because that’s all they can afford and sugary drinks and things like that. You know, it’s everywhere. Look around your town. How many shops in your local town do you see either closed or boarded up, you know, going out of business and people can’t afford to pay staff. People aren’t going to restaurants. Australian employment figures crash. There’s all these kind of issues going on out there and, you know, look at just yesterday from Australia, across the ditch in Australia, their monthly employment figures, they were expected to have 15,000 jobs created. That result came out as -65,000 jobs. So look at the job losses going on around the world. So put all that together and everything else that’s happened over the last few years and the craziness that’s going on in the world. And, you know, you realize you’re kind of on your own. You’re fighting for yourself. So event doesn’t give you motivation to go. You know, this year I’m going to learn how to trade. Then I can’t help you. Give yourself plenty of time and seek help. So let’s start sensibly. Let’s give ourselves time. While it’s not absolutely critical, you see, when I get people come to me and they go, Andrew, I want to give up my job, you know, in two months time, and I want to become a full time trader or I’ve got, you know, like $500 and I want to make, you know, like $10,000 a month type of thing. You know, I get these crazy questions all the time. You know, those people aren’t real. Now, the important thing is, is with anything that you’re learning to do is to seek help from people that are successful in that field and also to start slow. Don’t rush. Do the groundwork properly. If you’ve ever done any form of painting inside your house, let’s say the preparation is the boring but important work putting the paint on at the end, the last coat of paint, which makes it all look nice and shiny. Yeah, that’s the easy bit, but unless you do the preparation first, the rest of it is going to fail. So trading is exactly the same. So while we’re not under this and, you know, massive pressure of needing to have to make money today, you know, for most people around the world, the world’s still surviving just while we’re at that stage. Use this kind of lower pressure time and say to yourself, I’m going to dedicate this year to learning how to do this properly. Joining a community and start on a demo account. You’re going to start with understanding a strategy, getting some help, joining a community, and that’s where we can help. But when you do that, it’s still important that you start slowly. You should start on a demo account. Now, I know it’s boring and I know that you’re not going to make money for real on a demo, but it’s crucial that you become successful first and spend two or three months ironing out those errors that you’re going to make and then becoming profitable on that demo and then start on a small live account. And it doesn’t need to be big. It just becomes real money of your own. The emotions start to come into play. It hurts when you lose money. It’s great when you make money, but you need to get into that emotional state that trading is and try and

2023 Trading Year Review Podcast: Signup For my Forex Masterclass 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 #531: 2023 Trading Year Review In this video: 00:30 – A summary of 2023. 01:27 – More traders using MT5. 02:24 – Prop firm trading. 03:13 – Clients in 104 Countries. 03:40 – Have a great Christmas. 04:07 – View our on-demand Masterclass webinar. 04:48 – Blueberry Markets and book a call with us. 05:04 – Looking forward to trading in 2024. 05:18 – Consider joining us now so you can learn the strategy while the market is quiet. As we come towards the end of 2023. Just wanted to make a bit of a summary video of what we’ve experienced this year. I wish you all fantastic Christmas and an awesome 2024 ahead. Let’s get into that and more right now. Hey there, Traders! Andrew here at the Forex Trading Coach with video and podcast number 531. A summary of 2023. Outside in the beautiful New Zealand summertime here and just a couple of weeks to go before Christmas. I hope you’re looking forward to that. Just wanted to give you a bit of a summary of 2023 of how things have gone here at the Forex Trading Coach. We have just had another awesome year, some excellent results, all right. Across various timeframe charts and our daily trade suggestions have been profitable yet again every year since we started it in 2010, they’ve been profitable with just half a percent risk on your trades. Copying what we do just once a day, literally 5 minutes of work, we’re probably going to end the year about a 30%, 3-0% gain just off that one time frame chart. And then you add on to that all the other time frame charts, we look at. Trades we take on our forum site, trades we take on our live webinars, trades that our clients take themselves and you can see that yet again, we’ve had another really, really good year. More traders using MT5. A more and more people changing across to Metatrader 5 from MT4. More timeframes readily built in which is making life easier, just gives more trading options. And of course MT5 has a lot more markets such as the indices, the cryptos, the metals, commodities, etc. built in, which just gives us more and more trading opportunities because all we’re doing really is looking for the high quality trading pattern. The actual market that we’re trading is less important, it’s more the pattern. And have we got some stop loss protection? We’ve got room to move our profit target. Is it a reversal or is it a continuation, etc.? So again, more markets, more timeframes equals more opportunities to pick high quality trades and then not be kind of where people have that so feeling they should be forced to take a trade. This may be a big quality. No need to do that now because we have so many more trading options. Prop firm trading. And so prop firms. Another thing you’d have heard me talking about prop firms all year more and more and my clients are just doing really well from prop firms. It’s a bit of a game changer in all honesty. And if you get a good prop firm, make sure that you have a prop firm that does not have a time limit on when you can make that 10% gain and those prop firms that do have a time limit I’d personally stay away from. And it’s why that we look at FX2Funding. It’s why we look at The5%ers those kind of people that have been around for some time. They know what they’re doing, there good quality companies and there’s no time restriction on making the gain. You know, whether you make it in a week, you make it in two or three months, it shouldn’t matter. It’s all about keeping within that low drawdown criteria, so that’s the prop firms. Clients in 104 Countries. We now have clients in 104 countries and as time goes on. We are 15 years old next year at the Forex Trading Coach, our communities, it grows and grows and just gets better and better. Forum Site is well populated from clients from right around the world. It just makes such an amazing community of like minded people all out there trading the same strategy. So whether you’re a current client or whether you’re just following along with what we do, the strength and weakness each day, or the free information. Have a great Christmas. Then I just want to wish you and your family a fantastic Christmas. Just have a great relaxing time. Over Christmas and New Year. We start trading again on the Monday the 15th of January. We’re just taking about three weeks off like it’s summertime. You know, we trade the entire rest of the year apart from a couple of days either side of Easter. We’re not just going to go and enjoy ourselves and have some time away from the charts and the computer View our on-demand Masterclass webinar. And we’re still be contactable. If you want to jump on our free masterclass w

An Interview with The 5%ers Prop Firm Podcast: Signup For my Forex Masterclass 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 Visit The5%ers Website. Click here! #530: An Interview with The 5%ers Prop Firm In this video: 00:27 – There’s a lot of interest in prop firms right now. 01:37 – What makes a trader a successful prop firm trader. 03:50 – You must be able to trade first. 04:58 – Different account types with The 5%ers. 05:38 – What’s the payout performance ratio? 07:00 – What makes The 5%ers a better prop firm? 09:48 – Our clients have success with The 5%ers. 12:00 – Prop firms can remove emotions from your trading. 13:37 – Contacting The 5%ers. Andrew Mitchem Hi! Everybody. Andrew here at the Forex Trading Coach, welcome along to this week’s weekly video and podcast. Something different for you this week. I am joined by Saul who’s the manager of the firm called the 5%ers. Welcome along. Saul Lokier Yeah, thank you, Andrew. Thanks for having me. There’s a lot of interest in prop firms right now. Andrew Mitchem Awesome to have you here! Yeah. Look, we’re getting a lot of people interested in prop firms. Now, I know you guys have been around since 2016, and I can see on your website, which is probably one of the oldest prop firms around. Could you just give everybody a bit of an overview of what you do, what a prop firm is for those who don’t know and how traders can take advantage of using a prop from. Saul Lokier Yeah, good start. So basically we are recruiting. We’re looking for traders, retail traders to get evaluated by us, you know, through our challenges, through our evaluation programs. And once they complete those challenges to come and start managing our capital. So you might be familiar with the old prop firms in which, you know, you have a few amount of traders managing very large amount of accounts of money. Andrew Mitchem Yes. Saul Lokier So we’re doing something similar. But instead of giving, you know, billions of dollars for management to a few traders, we have many, many traders. We have literally thousands of traders managing relatively small accounts. So so that’s the idea. What makes a trader a successful prop firm trader Andrew Mitchem Yeah. Nice. And over those that time, what have you found is the right type of person to be more successful. Like, is it a trading style? Is it a money management thing? Is a mindset thing. What in general would sort of make the more successful person? Saul Lokier It’s the view that you answer me because, you know, back in the day before started managing the company, I, I used to spend a lot of time talking to our traders and talking to our higher funded traders. And I started doing a little bit of research what this traders had in common, because, you know, I saw some of them use indicators and some of the used some of them used to live in Australia and some of them live in the US. Saul Lokier So I wanted to understand what they were doing, you know, the same way. And amazing is very simple things that arbitrated and start doing. But these traders really do it. Okay, so the first thing is these traders master what they do. These traders know the strategies inside out. So I could ask them. “Andrew, what’s a poor quality set up for you?” and they could tell me I could ask them, when shouldn’t you be trading? Saul Lokier And they could answer. So they knew all the rules, all the, you know, all the parameters over the strategy, everything. And so so they really instead of jumping from a strategy to strategy or system to system, they really must, you know, what they did. So that’s number one. Saul Lokier The second is they they keep track. They really you know, they backtested, they they they journal what they do the journal these sales, they they journal their trades and they you know, they get all this learning process and insights from this recording and tracking and journaling Saul Lokier and lastly they deal with with losses so they wouldn’t you know, they knew how to cut those losses or take those losses and not going into revenge trading mode. Yeah. Or over-leveraging or all of that. So that’s one, two, three of these traders. And even though they were trading different strategies and different, you know, methods, they would have these three points in common. So so I guess that’s the that’s the answer. You must be able to trade first. Andrew Mitchem That’s really interesting. So I suppose to summarize that also for people listening and watching that means prop firms are fantastic, but you still need to know what you’re doing first and you still need to be proven to or proved yourself on demo, on your own personal live account that you can trade consistently first before you then think about a prop firm. Saul Lokier Absolutely, Because otherwise you would be tryi

What’s the Difference Between a Pin Bar and a Hanging Man? Podcast: Signup For my Forex Masterclass 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 #529: What’s the Difference Between a Pin Bar and a Hanging Man? In this video: 00:29 – Pin bars and a Hanging Man candle. 00:52 – I trade neither candle. 01:12 – How to use a Pin bar or Hanging Man candle. 01:52 – How the Pin Bar and Hanging Man are formed. 04:35 – Find out more about how we trade and how we can help you. 04:55 – Book a call and have a chat with us. 05:06 – Trade through Blueberry Markets. What’s the difference between a pin bar and the hanging man candle formation? And how can they help you to increase your performance as a trader? Let’s get into that and more. Right now. Hey traders. Andrew Mitchem here at the Forex Trading Coach with video and podcast number 529. Pin bars and a Hanging Man candle. Now I want to talk about two candle patterns that often cause confusion for people. And one is a pin bar and the other is a hanging man. And for a lot of people, they kind of look the same and they don’t quite understand how to use them and what’s actually happening behind the scenes in the market conditions to create those patterns within your charts. I trade neither candle. It’s important to note also that I do not trade a pin bar or hanging man purely as a candle pattern. However, they can be really influential in my trading because they give me an early warning system or give me a clue as to a potential change of direction. How to use a Pin bar or Hanging Man candle So if I’m not in a trade, they can give me the clue that. “Hey, look, the market may be just stalling here, here, or potentially changing direction.” I still need confirmation after the pin bar or the hanging man. The other scenario is if I’m already in a trade and I see a pin bar or hanging man pattern show on the charts, but I haven’t quite reached my profit target yet. So what that is telling me is, “Hey, look, this could be a really good opportunity now to potentially really look at closing some of the trade or X thing and total the entire position and early because we could now be getting a change in direction against where we’re looking for the trade to move.” So what is a pin bar? What is a hanging man pattern? Well, basically to me they both are Indecision Candles. They tell me there’s a lot of movemant in the market, but the market’s not quite decided which way it’s heading. So let’s use an uptrend as an example. If the market’s currently in a really good, strong uptrend and we see a pin bar show, a pin bar will be a candle with a small body but a long upper wick. And what that means is that the uptrend has continued and it’s gone really strongly upwards. And at some stage during that candles formation, that would have been a good, strong bullish candle. However, before the candle is closed, the price has come all the way back down to either just above its open or even potentially just below. It’s opened, it’s open price and it’s formed that small body, but with the long upper wick in an uptrend. So that tells me that the price is exhausted. It may have hit a certain level and now the sellers are starting to push the market down. I still need a confirmation candle to come next. So next outside bar and engulfing bar, probably an engulfing bar in that scenario. To suggest that, yes, the downtrend is about to then be strong enough to justify a trade. If we use that same bullish uptrend, but instead of the pin bar, we get a hanging band pattern that means that we get a small body near the top of the candle, yet along with lower wick. What that tells me is that the price has moved up and then when the hanging man pattern is formed during that candle formation, the sellers really took over and pushed the price down. However, by the close of the candle, the price had retraced back up again and the buyers was still pushing it higher. And and that could be a close higher or it could be a closed lower than the open. But in general, it’s like a small body of the candle near the high of the candle and a long lower wick. So that tells me again, this a bit of indecision sellers have taken over, the buyers pull back, but there are certainly sellers in the market again. I need confirmation with an engulfing candle or an outside candle. So I can next to confirm that the downtrend really is in play. So two different ways you can trade there. Both in an uptrend scenario and both the pin bar and the Hanging man give two different types of ideas of what’s happening in the market. But they give us that early warning that the trend may be starting to turn downwards. So that’s how you use them. Find out more about how we trade and how we can help you. If you’d like to fi

Good Trading Does NOT Need to be Complicated Podcast: Signup For my Forex Masterclass 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 #528: Good Trading Does NOT Need to be Complicated In this video: 00:27 – Don’t make trading harder than it needs to be. 01:25 – You need a simple and solid strategy. 02:16 – The 3 things that can happen in the market. 03:02 – The 2 basic patterns we trade. 03:50 – Trading is a probability, not a guarantee. 04:32 – Book a call and attend my Masterclass. 04:45 – Trade through Blueberry Markets. Good trading does not need to be complicated. Don’t forget, the wheel is simply round and it works. So 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 528. Don’t make trading harder than it needs to be. I want to talk about a topic that a lot of people get stuck in their minds and they think that trading needs to be overcomplicated. They think it needs to be difficult and they get this, I suppose, perception by thinking that like it’s something only the pros do or it’s something you need to be in a 50 story, you know, tower block in London or Dubai or New York or something, and you need to walk around in a big flash suit and shirt and tie in order to be a good trader. And so I think people get the impression that you need all these complicated systems and algorithms and things going on and insider knowledge of what’s happening in order to do well at trading. And the reality is you don’t need any of that to do well at trading. You need a simple and solid strategy. Well, you need a good, simple, solid strategy that works. And like most simple things, they work. Again, like I said, think of the wheel. Don’t reinvent the wheel. It’s round. It’s simple. It cannot be more any more simple. And it works. You know. Other examples. I love cooking. So what’s my favorite medium to cook on? You know, you can have all your electrics and gases and all the rest of it. Fire is with that that the best in terms of enjoyment and certainly taste and flavor. You know to cook on fire and charcoal. Nothing beats it. And why? Because it works. And why? Because it’s simple. Trading is exactly the same. The 3 things that can happen in the market. Now, putting it in absolute basics. What can happen in the market? In any currency pair, any market, It’s going to go up. It’s going to go down. It might go a bit sideways, a bit rangebound. That’s really all that can happen. So the market’s going sideways. Okay. Rangebound generally for the way I trade means there’s no trades there because I’m looking predominately at candle pattern and that’s my initial set up is the candle. If it’s rangebound, there’s nothing, you know, there’s no prior indecision. It’s just going flat. It’s not over bought. It’s not oversold. it’s got a trend line break. So therefore no trade. Very easy just to move on to the next market. The 2 basic patterns we trade. And so we look at two quite basic and quite simple patterns, and we look for continuation patterns and we look for reversal patterns. And so those two are really when it comes down to it, all we teach and all we trade and it’s all we’ve ever taught and traded because they work, because they’re simple, they’re easy to identify. Now when I go through and look at trades that have been successful and I go through our forum site, I go through our webinars. I go to our daily trades and I analyze my trades and I go back and look at the trades that have been really good. They pretty much all take all the boxes of what we’re looking for a successful trade. Trading is a probability, not a guarantee. So trading is not a guarantee, it’s a probability just because the patterns worked for the last five times and you see it again, it’s not a guarantee it’s going to work this time. It’s just a probability that with everything stacked in its favor, it’s likely to work. And so that’s when you stop bringing money management, reward risk, etc. into it as well. Strength and weakness, all those other things. But ultimately trading should be if it’s enjoyable and it’s something that you can continue to do. You know, years ago today, years into the future, it has to be simple because it works exactly like that wheel is simple because it works and nothing can beat it. Book a call and attend my Masterclass. If you’d like to know more about how we trade, how we teach, you can book a call to have a chat with myself, one of my team. You can jump on to one of my masterclasses. It’s a free on demand masterclass. Trade through Blueberry Markets. And they’re looking for a broker. I can highly rec

How a Client Made a 7:1 Reward:Risk Trade in under 1 Hour Podcast: Signup For my Forex Masterclass 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 #527: How a Client Made a 7:1 Reward:Risk Trade in under 1 Hour In this video: 00:30 – A great trade on the NZD/CAD H4 chart. 01:29 – The trade made an incredible 7:1 R:R. 03:05 – 2:3 R:R on the USD/CHF. 03:35 – Clients passing Prop firm challenges. 03:50 – Get onto my trading Masterclass. 04:07 – Chat with us 04:14 – Open a trading account with Blueberry Markets. We’ve had a client make a massive 7 to 1 reward to risk ratio trade in under one hour while we were on a live webinar. Let me explain more and how you can do exactly the same. Right now. Hey there, Traders! This is Andrew Mitchem here at the Forex Trading Coach. With video and podcast number 527. A great trade on the NZD/CAD H4 chart. Now, just earlier this morning I was on a live for us session webinar with our clients and during that session someone already had opened a four hour chat trade on the New Zealand dollar, Canadian dollar, and it’s a buy trade and it was going really quite well. But at the time we were talking, the price had retrace down to the entry level because we were taking a buy limit and actually going further down towards the stop loss level. However, the stop loss on that trade on the New Zealand Canadian dollar was below the round number of 82, 0.82. And while we were talking, a number of other clients said, Hey Andrew, look, because we’ve got that stop loss protection, can I jump in at the market right now? And I said, Yeah, of course you can, because the trade still valid. The stop loss was holding. We’d had previous resistance levels and now we come down and we were using that 82 as a support level. And I said, Yeah, jump into the trade. And so a number of people did. The trade made an incredible 7:1 R:R. Now, within under one hour we had clients saying that they closed out of the trade, it hit the profit target before we finished the webinar and it made an incredible 7 to 1 reward to risk on that trade. So if you use my my suggested level of half of 1% risk of your account per trade, that meant that those clients made a massive 3.5%, three and a half percent gain on their account in under one hour just by being on the webinar. So what does that mean? Well, first of all, we are identifying high quality trades and we’re discussing them. We’re talking about them. We’re saying the reasons why we’re taking the trade or why we’re not taking the trade. And so for me, the quality of that life in discussion cannot be underestimated. It’s something you just will not get by yourself or if you on some forum site somewhere and no one really knows what it is that you’re trading. We are all trading the same system, looking at the same charts at the same time, all with the common goal of helping each other. So that to me is absolutely incredible. And you cannot underestimate how valuable that is for anybody, regardless of your trading experience. If you’re a brand new to trading, it’s going to be incredibly valuable. But if you’ve been trading for a while and just to jump on once a week or every couple of weeks and just view what we’re doing in real time and discuss that, that is absolute gold. And, you know, it’s just shows with the returns that we made. 2:3 R:R on the USD/CHF. I also took a trade on the four hour chart on the US Swiss franc, which made a 2.3 to 1 reward to risk not quite as high as the massive 7 to 1, but that was more random, normal reward to risk levels that we get. I’ve also taken some trades on the 4 hours and 8 hours that are still open behind me right now, but just goes to show what happens when you build yourself a community like minded people all around the world. And so that’s how we can help you to achieve your trading goal. Clients passing Prop firm challenges. So we’ve got a number of people that are now passing prop firms as well and doing really well there, and that’s yet another income stream for people who once they know what they’re doing, they can go and explore that avenue if that’s the way you want to go. Get onto my trading Masterclass. So a few things to help you here. If you’ve not been on my masterclass, I suggest you jump onto it. It’s a 45 minute OnDemand session, explains the various trades that we’ve taken and explains how we trade and how we can help you. I put a linked to that on this post or video, wherever you’re watching. Chat with us If you’d like to have a a chat with myself or one of my team, I will give you the opportunity to do that again. I’ll put a link here. Open a trading account with Blueberry Markets. And if you’re looking for a very high quality broker tha

Slow & Steady Wins the Day Podcast: Signup For my Forex Masterclass 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 #526: Slow & Steady Wins the Day In this video: 00:29 – Why a slow & steady trading style is best. 01:13 – My background really helps. 02:04 – Karate & Flying. 02:48 – Raising a large family. 03:31 – Consistency in our own trading. 04:21 – Get onto my trading Masterclass. 04:45 – Trade through Blueberry Markets. 05:20 – Like & Subscribe to our channel. I’m going to explain why a slow and steady trading approach is your best chance of success to be a full time forex trader or prop firm trader? Let’s get into that and more right now. Hey there, traders. It’s Andrew Mitchem here, the owner of the Forex Trading Coach. With Video and podcast number 526. Why a slow & steady trading style is best. Now I want to talk about a slow and steady approach to trading You see in life right now everybody’s fast pace wants action, wants instant results. Everything’s available on your phone. No one can wait any longer. Everybody wants things now. Now, now, now. All the time. And the danger with that is that when it comes to the reality of trading, well. Most people, unfortunately, take that same approach. They want to be a multimillionaire next week. They want to pass a firm challenge within two days. They want to you know, how much do I need, Andrew, in order to give up my job and make $10,000 a month? You know, everybody always wants that that instant result and answer without doing the prior work. My background really helps. Now, I’m quite fortunate in many ways. One, I’m a little bit older. But two, I come from a farming background, and I think that has been a massive help for my own trading because you realize in farming that consistently doing things properly and planning and a slow and steady approach whilst always having an eye on the future and never being stuck in your ways is a really good way of farming successfully. You have to turn up, You have to do things consistently as a dairy farmer. You have to milk the cash twice a day. You know, you have to be planting crops at the right time. You have to be doing things. It doesn’t matter whether it’s raining or it’s Christmas Day or your birthday or you’re not feeling well, you have to show up. And so that consistency is is absolutely vital, I believe, to success. And as a trader, that consistency of constantly showing up is also vital as well. Karate & Flying. Now, other things that have helped me personally and I hope can help you. I’ve studied karate for many years and again, that slow, steady, consistent, repeatable approach is what gets you from being a white belt through to a black belt. You’re not going to get there instantly. You’re not going to go and watch a whole heap of videos and suddenly, wham, next week you’re a black belt. That doesn’t happen. It’s that consistency, that hard work, that dedication. As many of you know, I also own and fly helicopter. The same thing applies. You cannot go out there and do like five lessons and suddenly go and fly one of the most difficult machines on the planet, the race to fly, you know. So you have to be slow, steady, consistent, show up, do the hard work, and then the rewards follow. Raising a large family. And you also may know we’ve got five children. So same thing. You know, a lot of hard work, a lot of dedication, a lot of consistency through bringing up five children. And now more recently, I’m learning to play the guitar exactly the same thing. I cannot go and stand on stage within 5 minutes. You know, you have to learn the whole basics and get better and better and more practice and you learn to go up and then you have a few down days or weeks and then you go another level again. So that consistency turning up. So whatever we do in life, that ends up being good. Pretty much all of it comes back to that same rule of consistency, slow and steady and of course being good at trading is exactly the same. So that’s what I really encourage you to do. Consistency in our own trading. This is video on podcast number 526. We do this consistently every week. Our daily trades have been posted on our membership site since 2010. We do that every day. They have been profitable every year since 2010. Again, consistency. We don’t have massive gains and huge losses. We’re consistent in what we do. Our forum site, we’re on it. Every day. Consistency. Yesterday I took four trades on the two hour chart trades that all were profitable and did really well for our clients. Again, consistency. I have a live to our webinar this week for our clients. Again, we do that each week. Consistency, showing up consistently doing the same thing because it works and that appr

From Brand New to Trading on a Prop Firm within 3 Months Podcast: Signup For my Forex Masterclass 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 #525: From Brand New to Trading on a Prop Firm within 3 Months In this video: 00:33 – Jae has taken 3 months from new to trading on a prop firm. 01:29 – Making mistakes like every new trader does. 02:23 – Ready to trade on a prop firm. 03:52 – Our on-demand Masterclass. 04:09 – Book a call with us. 04:22 – Open an account with Blueberry Markets. 04:51 – How to contact me Today, I’m going to explain how a client of ours who has never traded at all only three months ago, is now preparing to trade through multiple prop firms. Let me talk about that and more and show you how he did it. Right now. Hey, traders, Andrew Mitchem here at the Forex Trading Couch for a video on podcast number 525. Jae has taken 3 months from new to trading on a prop firm. That’s right! I want to talk about a client of ours called Jae. Now Jae joined us on the 2nd of August this year 2023. Today is the 3rd of November as I’m recording this, have a chat with Jae last night. So exactly three months since he joined and three months ago Jae had never traded. He never got into trading. He knew nothing about it. It does a bit of research, but he never even traded on demo. He joined us three months ago and over those three months he’s put a lot of time, effort, dedication into learning the strategy, asking questions, turning up on webinars. If he can’t turn up live. He’s been watching replays, he’s been going through previous webinars, the forums sides following our daily trades and taking trades by himself and communicating this trade so he’s learning from them. Making mistakes like every new trader does. Now being new to trading. Jae’s made mistakes. Of course he has, and one of the interesting things that he said to me last night on our conversation on the Zoom call was he said, You know, Andrew, every time I’ve deviated away from your rules, I’ve had losing trades and I’ve gone back in of analyze that and I realize I’ve made mistakes and I’ve changed things and then I’ve gone back and stuck to rules and taken trades that are in line with what we teach and how we trade. And guess what? The results have come back right again. And it’s a journey. And as a path that everybody goes through, you know, from trading one minute charts, staying up all day and night through to, you know, finally figuring out that if you stick to a strategy, stick to and you know, the of can do everything that we talk about week after week after week, the strategy does work and the results will therefore follow. Ready to trade on a prop firm So fast forward after only three months. It’s hardly a fast forward, is it? But the reality is that we were then talking last night about how Jae can get onto prop firms, which wants to consider using a virtual server trading only on you one like made a candle of yourself and having your trades copied automatically to a prop firm or multiple prop firms, which is Jae’s Jae sort of journey that he’s looking at going on. And so what I asked him and what I’m going to do for you is I’ve said to him, Look, what I’d love to do is come back in a couple of months and do a live zoom conversation and record that and share that with you so that I can then track Jae’s progress. So now we’ve gone from absolute beginner to now I’m ready to get onto a prop firm, so I want to give him a few months to get into prop them, open an account, maybe two or three by then, and track his progress and have a conversation with him with an update. So I think by doing that, you’ll be able to see how someone who’s put that effort in has gone along really quite fast and made massive progress. So that shows me that anybody can do this. I know that. But now I’m having conversations with people who are proving that. Our on-demand Masterclass. So if you like to find out how Jae started with us and and find out more about how we trade and what we do, what I suggest you do is have a look at our masterclass. It’s a on demand session, so it will start when you’re ready. It’s about 45 minutes. It’s a video that I’ve recorded just a few weeks ago and we’ll take you through everything that we look at as a trader and why our method works. Book a call with us. That will then also give you the opportunity to book a call with one of us, to have a chat with myself, one my team, and find out if we’re a good fit and what you’re doing and what we’re doing will match and to see if we can help you. Open an account with Blueberry Markets. If you’re out there looking for a high-quality broker, I can strongly recommend ou

Are You Getting Stopped Out All Of the Time? Podcast: Signup For my Forex Masterclass 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 #524: Are You Getting Stopped Out All Of the Time? In this video: 00:26 – Do you keep getting stopped out? 00:47 – What are the issues here? 01:32 – Not knowing where to place your stop loss? 02:02 – Trading is emotional. 02:35 – How to avoid being stopped out all of the time. 03:40 – Consider Blueberry Markets 03:48 – Book a call with us and watch my Masterclass Why do I keep getting stopped out? Today, we’re going to delve into that question that has annoyed many a forex trader. So let’s get into that and talk about it and more. Right now. Hey, everybody! Andrew Mitchem here at the Forex Trading Coach with video and podcast number 524. Do you keep getting stopped out? Now, are you getting stopped at all of the time? It’s a frustrating experience. You’ve done your analysis, you place your trades you set your stop loss only to find that the market momentarily dips far enough to hit a stop loss and then it goes back in your intended direction. It’s like the markets go a personal vendetta against you, right? That’s how it feels. What are the issues here? Well, let’s have a look to see what you can do about that to stop that happening. Because the most common reason that I find that many people have is their stop loss is too tight. A tight stop loss might seem appealing because it minimizes your risk, or so you think on paper, but often it doesn’t account for the natural volatility in the market. Now financial markets ebb and flow. They rarely move in straight lines. So if you’re a stop loss is too tight, you’re probably going to get stopped out during these minor counter movements. And it’s something that you need to be aware of and because not every single time are you going to place a trade that moves straight up into your direction all the time. Not knowing where to place your stop loss? The second reason and again, probably a very common reason is because most people don’t know where to put their stop loss for each trade they take. Most people use the same stop loss all the time for some reason. Now each market condition requires a different stop loss size. The size of the stop loss should reflect the timeframe of the chart being traded. The pair been traded, and also the market conditions at the time. Because don’t forget, different pairs move in different speeds and different amounts. Trading is emotional. And thirdly is emotion and let’s face it, trading is an emotional endeavor, and especially when money is on the line. Now, some traders, they move their stop loss because of fear or greed that leads to inconsistent outcomes. And now a well calibrated stop loss is based on a sound trading strategy and knowing where to put your stop loss and why. Each time. So the danger is if you become emotional, you do things that are erratic. So you need to stick to your plan and don’t offer it. Don’t change your plan just on a whim. How to avoid being stopped out all of the time. So what can you do to avoid being stopped out? Well, here’s a few quick tips for you. So is understanding what to do and when to do it. Making sure that your trades have equal risk per trade regardless of the stop loss size. Most people think that they’re stop loss needs to be small because that means they’re going to lose more if the stop loss gets taken out. That is not true. We can certainly help you there to understand that a lot more. So adjust your stop loss, adjust your stop loss size accordingly so you can put your stop loss in the right place for that trade at the time you stop losses there. It’s a tool to protect your capital. Don’t forget that you will get stop that from time to time. But you need to remember if you’ve got a good, sound strategy and the trade goes against you, you take the stop, that’s absolutely fine. But also you need to ensure that you have high rewards, risk trades, which you hear me talk about all the time. That means when you have a profitable trade, you’re making multiple times your risk. So I hope that helps. There are a few other things there. Consider Blueberry Markets If you’re looking for a broker. Don’t forget to have a look at Blueberry Markets the based across in Australia. Book a call with us and watch my Masterclass If you’d like to find out about how we can help you. And if you’d like to have a call with us, click on the link that I’ll put here. You can book up like a 30 minute call to have a chat with myself or one of my team. If you’ve not yet been on my masterclass, then it’s a free masterclass. It’s about 45 minutes long is on demand, so you can choose when to watch. It is

Adapting Your Trading Strategy to the Current Market Conditions Podcast: Signup For my Forex Masterclass 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 #523: Adapting Your Trading Strategy to the Current Market Conditions In this video: 00:32 – How often should you change your strategy? 01:24 – I’ve been trading for 20 years 02:14 – We look at Price Action 02:56 – The way we deliver the course and more markets available to trade 04:38 – Get to view my Masterclass 04:55 – Book a call with me and my team – https://theforextradingcoach.com/call-application/ 05:03 – Blueberry Markets I received a question this week from someone that says, “Hey, Andrew. Is your content ever updated to adapt to the current market conditions?” So I thought I’d make this video on podcast this week. Outside in the sun and answer that question for you. Hey, there traders! This is Andrew Mitchem here at the Forex Trading Coach. With video and podcast number 523. How often should you change your strategy? I’ve been asked the question about changing your strategy to adapt to the market conditions. Is that something that I do regularly? And if so, when? And it’s a question is actually a really good, smart question because unfortunately, far too many people would do that and they find that the trading is not going to well, something’s happened in the market. It may be more rangebound or there could be more price action. And so therefore, they change their system in their strategy and their whole approach to adapt to what’s actually happening in the market at that time. The issue I have with that is how do you know how long to give it when things are going bad? In order for you to realize that you’re doing something wrong and therefore you need to make a change. And that becomes the old issue that everybody has. And it’s like in hindsight, it’s fantastic. In reality, things don’t go so well. I’ve been trading for 20 years Now, as someone who’s been trading the forest markets for 20 years now and teaching for over 14 years, I can tell you that in the 14 years that I’ve been teaching and around three years prior to that, I’ve never changed the strategy at all. It’s not changed. If I look back at my daily trade suggestions back in 2009, I look back at my first live webinars I did with clients back in 2010. Nothing’s different. And that’s the beauty of what we do. And you see, you got full confidence in knowing that the way that we trade, the way that we look at the market, the way that we teach, the way that we analyze everything that we do on the webinars, on the forums, on the daily trades, etc., is exactly the same. Nothing at all has changed. And so how do we manage that? I suppose would be the obvious next question. We look at Price Action Well, it’s all to do with the strategy and the way that we trade and we look at price action, we look at the price itself, we look at candle formations where they showed on the chart. What part of the chart are they in? Do they have stop loss protection? They’ve got room to move. They have strength and weakness with them. All those type of things that we look at on the charts to actually give us the initial chart sets up and the yes or no, do we have a trade here or not? Now, you will probably know that we only trade on the close of a candle. So that makes our trading very easy to know when to trade and reality is you can trade just sort of once or twice a day. I look at multiple timeframe charts at that exact time. The way we deliver the course and more markets available to trade Now, the only thing that has changed over those years is just the way that we deliver the course. It’s, you know, obviously like everything, it’s improved. It’s got cheaper, it’s got more efficient. You know, we’re not flying like seen people around the world any longer. You know, it’s all online, but there’s still a lot of individual tuition and help. But things that have changed, it would be the markets that we can trade. You see as the Forex Trading Coach. When we started, obviously they were just the forex pairs. And now there are obviously a lot more forex pairs, but also there are other markets as well. To give you an example, this week, on Monday, Tuesday, sorry, on Tuesday I took a trade on Lead (XPB) if you know your periodic table, you know that that’s lead. We took a daily chart trade on lead which made a fantastic profit for all of our clients. And on Tuesday night I took a two trades on the four hour charts one was on XAU/EUR and XAG/EUR. Now, if you’d gone back, maybe five years, there is no way that most of us would have access to lead and gold and silver against the euro. We may have had gold and silver against the US, but we certainly wouldn’t ha

Why Sell a Successful Trading Strategy? Podcast: Signup For my Forex Masterclass 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 #522: Why Sell a Successful Trading Strategy? In this video: 00:30 – Why would you sell your trading strategy? 01:10 – How I started 02:25 – Teaching the strategy 03:40 – The number of clients expands 04:10 – The start of the TFTC community of traders 05:28 – Teaching clients for a broker 06:47 – Helping like-minded people worldwide 08:30 – Blueberry Markets 08:45 – Book a call with me and my team – https://theforextradingcoach.com/call If a trading system is so good, why would the developer of that trading system wish to sell it and share it with other people? Let me answer that question for you and more right now. Hey there, Forex Traders! Andrew Mitchem here, the owner of the Forex Trading Coach with video and podcast number 522. Why would you sell your trading strategy? Now received an email this morning from a trader for John over in the UK. They said, Andrew, I need to ask you this question. It’s the the obvious question to ask and it’s like if you’re so good at trading and if your system is so good. Why do you need to sell it to people? And it’s quite a, you know, an obvious question. And so what I’d like to do on today’s video and podcast is to give you a bit of detail and background about the Forex Trading Coach and my trading. To help you to understand where we’ve grown over the years, where we are today, and why we do what we do. How I started So I’ve been trading for just around 20 years now and back in around 2007 I ended up being the top trader on an auto trade company. Back in the early, early days of trading where you could buy signals off people. And I won the competition, won the global competition. I had a system that worked really well and it topped everybody. There were hundreds and hundreds of traders even back then. And so back then, people could follow along. Had no idea who you were, but they could follow along and buy off that company. Now, that was okay, but I thought, okay, I’ve come and won this. So what I ended up doing is creating a very basic signal system. Back in the early days, you know, websites were very basic. There was PayPal and nothing else. And then what I ended up doing is I ended up developing an email each day that went out and it was like, buy here, stop loss, their profit target there. And people would pay a monthly subscription for that. And it went really well. Teaching the strategy And I got to a brand end of 2008, early 2009. And then I received an email from one particular subscriber who lives over in Noosa, in Australia. And he said to me, Andrew, I’m really enjoying your signals. They’re doing well. I’m making really good money from it. But more importantly, I’d love you to come and teach me how you do what you do. So rather than just relying on your email each day, I can find out how to do this for myself because ultimately I could get hit by a bus, you know, no more Andrew and this guy went from making a lot of money to suddenly no emails, and that was it. So he wanted to develop that information, that knowledge education for himself, which is fair enough. So I put together the course into like a word document, took it down the road to the printers and say how you make this into a real nice, colorful page doc in a booklet for me. And that’s what we did. It was really was as as basic as that went across to Australia, took a back up flash drive in case I lost everything and I spent three or four days with this guy. He’s still a client to this day. And with him and his family teaching him how to trade it was really enjoyable to discuss trading in person with someone. So that was the very first client. The number of clients expands I then came back to New Zealand and I sent an email out to other people who were on that subscriber list and saying, Hey, look, we’ve got a really happy person out. This taught him how to trade. Anybody else interested? So I got a lot of response back and I ended up flying to Malaysia and Sri Lanka and then across to Spain, Valencia, Spain, France and then England and and then back home. And I had a group of people. The start of the TFTC community of traders And what it did is it built the very basics and the start of a community. You see, there’s a number of things that are missing when you’re trading. It basically means for most people, you’re sitting there at home, sitting on your laptop or your computer, just you and no mates. It’s quite a lonely business, you know. It really is. And so I like interaction with people. And I found that by having this sort of group of people I’d met in person that was just starting to develop something really quite cool and really exciting.

Why a 90% Winning System is a Bad Idea Podcast: Signup For my Forex Masterclass 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 #521: Why a 90% Winning System is a Bad Idea In this video: 00:26 – Traders get excited over win rates 01:32 – Small gains and big losses 02:47 – My way of trading 03:34 – Closed trades from this week 04:44 – Book a call with myself and my team 05:01 – Blueberry Markets I’m going to explain why a 90% winning rate trading system is not a good idea. Let’s talk about that and more right now. Hey there, Forex traders! Andrew Mitchem here at the Forex Trading Coach. With video and podcast number 521. Traders get excited over win rates Now I want to talk about win rates. You see so many people get very excited with win rates and they tend to put almost like too much emphasis on a win rate of a system and the strategy and especially a lot of inexperienced people, they see something that’s got, let’s say, like a 90% win rate and they think has to be the answer to their successes and it has to be a fantastic trading system. I can tell you that is not the case. Now, a little while ago, I was talking to someone who had a 90% winning system and he was losing quite a lot of money. And as a new trader, you might question like, how is that possible? And as a more experienced trader and a profitable trader, I can tell you the win rate really doesn’t matter quite as much as you may think. Yes, it’s important, but it is certainly not the most important aspect and the most experienced and most profitable Traders have win rates that are drastically lower than and sometimes pretty quite a lot lower than what you might actually think. Yet, they are very profitable. How has that happened? Small gains and big losses Well, the issue with most people is, first of all, they trade with pips and the guy that has the 90% win rate. That was a problem also. But what he was doing was having lots of small gains. Now, let’s use the PIP example and let’s say he had ten trades. Now 90% win rate, of course, means nine out of his ten trades were profitable. Now, let’s say he was making, pick a figure. Ten pips per profitable trade let’s say and again you can see why I don’t trade pips but let’s go with it because that’s what he was doing. Therefore, nine trades, ten pips profit means even if we’re not worrying about spread and we’re saying that’s ten pips net, which by the way it wasn’t, but let’s say it was to make his system even better, he’s made 90 pips. The problem was that when he had one losing trade, let’s say he lost 100 pips on that trade, he was then negative ten pips, yet he had a 90% win rate system. And you can only imagine how much damage that would do psychologically when you get smashed by a big losing trade like that. And that becomes the problem. My way of trading Now, if you’ve been following me for some time, you would know the first of all, the key to trading. Not only do you need a successful system, but you need to have low and controlled risk per trade and forget pips. So with my personal trading, I never risk more than half of 1% per trade. But also it’s very important that you have high return trade, so high reward to risk profitable trade. So with the guy that had the 90% winning system but was losing money, he had lots of small gains. One big loss and big losses with me is the opposite. When I have losses, I have small losses, but when I have gains I have big profitable gains. And that that change of mindset and that flipping around of the wins and the losses is one of the keys to success. Closed trades from this week Now, just this week, I’m going to read some examples here. Just this week we’ve had a monthly chart trade close. We’re now into October that trades been open since March on the ChinaH. The Chinese index that made a 4.3 to 1 reward the risk on that same market. ChinaH we’ve had a weekly trade from last week just closed for profit this week on the weekly chart for a 4.1 to 1 reward to risk on the US Canadian weekly chart. We’ve had a weekly trade this week that made a 2.4 on the Canadian Yen Daily. This week we made 2.9 on the Australian franc. This Week Daily we made 2.5 on the zinc this week Daily we made 2.2. And so with those trade, you can see that we’re making multiple times our risk. So although we have losses and of course we have losses, we have little small controlled losses, big gains. So you mentioned like, you know, so stepping up big steps, small losses, big steps, and that is one of the keys to successful trading. That is why you do not need to have a 90% win rate. And that becomes the issue that so many people fall into that trap. Book a call with myself and my team Now if you’d like to have a chat wit

Why I Ignore the News Podcast: Signup For my Forex Masterclass 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 #520: Why I Ignore the News In this video: 00:25– Why I don’t trade the news 01:20 – Problems with Fundamental trading 02:30 – Different conclusions from the same news 03:30 – Trading what you see as a Technical trader 05:00 – Book a call with me and my team – https://theforextradingcoach.com/call 05:21 – Blueberry Markets As a full time forex trader, I completely ignore the news. Let me explain why and how we trade. Let’s get into that and more. Right now. Hey there forex traders. It’s Andrew Mitchem here, the owner of the Forex Trading Coach with video and podcast number 520. Why I don’t trade the news And that’s right. I completely ignore the news. I don’t look at the news. I don’t consider the news and it just does not affect my trading. Now, in the Forex world, there are generally two types of traders. We have fundamental traders who do look at news announcements. Aand we have technical traders. And I’m definitely a technical trader because I look at charts, I do not clutter my charts with lots and lots of indicators because that just becomes a mess and I’m tradable. I look price action, I look at the close of a candle and I look at what is actually happening in the market and make a decision. Do I have protection for my stop loss? Do I have room to move to my profit target? I know that my patterns work across all timeframes, all markets, and depending on the conditions at the time, if I see the pattern, I take the pattern because it has such a high probability chance of success. Problems with Fundamental trading Now fundamental traders look at the news. And while I personally still do look at Forex Factory once a day on the calendar just to see what’s happening purely out of interest, I don’t care about the news. It doesn’t influence my trading. I don’t take positions out. Just prior to news or anything like that because as a technical trader I don’t need to. I trade what I see. The issue I’ve always had, or there’s quite a few issues. I’ve always had a fundamental trading. From a practical point of view, depending on where you live in the world, some of the major market news announcements might be like 2:00 or 4:00 in the morning, not very practical for me living in New Zealand, if I’m looking at the European news or especially the US News, that’s like, you know, sort of 11:00, 12:00, 2:00 in the morning type of things. Likewise, if you’re in Europe or the US and you’re looking at Australian news, let’s say, oh, Japanese news, it’s not at a very convenient time. And the other thing is from a practical point of view, is you’ll find quite often brokers will increase spreads massively, Sometimes if price freezes around news announcements. So it’s not quite all. It’s like sort of talked up to be when you trade news. Different conclusions from the same news The other thing is also is if you look at a news announcement and I look at a news announcement, we could see the same news announcement and draw completely different conclusions because you might say, oh, it’s way better than expected figure. Therefore we should be buying that that currency. I might say yes, better than expected. But last month they’ve dropped it all. There’s been some commentary after that to say this is going to be, let’s say, the last interest rate hike or something like that, which means yes, okay. But long term, it’s not so good. So different people will see news announcements in different ways. So you got to be real careful there. And in all honesty, most big news announcements generally go in the way of the longer timeframe charts as a technical trader anyway, I can pretty much see most of the time which way news announcements are going to go by looking at, say, like the daily charts on the day of that announcement and making a very highly informed high probability decisions from there. Trading what you see as a Technical trader So getting back to technical trading when there’s not much happening on the charts, you can’t take anything. The last few weeks, for instance, like into sort of early mid September 2023, there’s not been a lot of great set ups on the forex pairs on the daily charts. So what have we done? Well, we’ve looked at other markets. I’ve taken trades on coffee, three trades on silver this week against the euro, against the US, against the Australian. I’ve taken trades on zinc, copper, wheat all in the last couple of weeks, a bitcoin trade. So, you know, we’re looking at other markets out there when the forest markets have not been too good and that this week we’ve seen lots of good

Divergence Trading in the Forex Market Podcast: Signup For my Forex Masterclass 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 #519: Divergence Trading in the Forex Market In this video: 00:29 – Divergence. What is it and how do we use it? 00:55 – Continuations and Reversals 02:02 – Trading with both patterns 02:33 – New trades or Early exits 03:39 – Book a call with myself and my team 03:53 – Blueberry Markets I’m going to talk today about trading divergence in the Forex market. It’s a very powerful tool that can help you to identify continuation patterns and reversal patterns. So let’s get into that and more. Right now. Hey there, Forex Traders! This is Andrew Mitchem here at the Forex Trading Coach, For a video and podcast number 519. Divergence. What is it and how do we use it? So today I want to talk about divergence is a very powerful tool that can help you to identify both reversal patterns and continuation patterns. And divergence occurs when you use an indicator such as like the RSI or my case, the stochastic indicator, and it occurs when the price moves away from the direction that the indicators suggest the price should be moving in. Continuations and Reversals And there’s two ways that we use divergence and we use it for a continuation pattern, which is what they call hidden divergence, and that is when the price is moved up, it then pulls back and we get a hidden divergence looking for the price to continue again. So what you get there is in an uptrend, the price makes higher lows and the indicator makes lower lows. And when you see that occur, that gives you the best indication that the price is likely to continue upwards. And we see regular divergence occur when we’re looking for a trend reversal. Now, this is certainly a higher risk type of trade because you’re looking at taking a sell trade at the top of an uptrend or buy trade at the bottom of a downtrend. So with regular divergence in an uptrend, what we’re looking for there is the price making higher highs, but the indicator fails to do so. In fact, the indicator makes lower highs, so you get the price doing one thing and the indicator doing the other. This suggests a reversal pattern or regular divergence. Trading with both patterns So with both of these two patterns, both regular divergence and hidden divergence, you certainly need everything else that you’re looking for to occur first. In my case, we’re looking for the candle pattern to be in the right part of the chart. We’re looking for round number, strength and weakness, etc. And for me, divergence is just like the cherry on top. It’s the thing that makes a trade go from a pretty good trade to a really good trade because there’s one extra layer of confirmation there. New trades or Early exits So two things you can do here. If you’re not currently in a trade and you see a trade set up and you get either reversal patterns or continuation patterns occur, then what you can do is it gives you a high probability entry position. If you are already in a trade and let’s say you’re in a buy trade and you’re not quite at your profit target and you see a negative or hidden negative divergence occur, in other words, the price looks like it’s going to fall and you’re still in a buy trade. It can give you an early warning system to get out of the trade early. So two ways of using divergence there. One, if you are looking to get into trade, number two, if you are already in trade and potentially might need to get at early and two different types of divergence, regular divergence for reversals, hidden divergence for continuation patterns, my personal favorite is always hidden divergence because it gives me the opportunity to ride the trend after a slight retracement or pullback. Book a call with myself and my team If you’d like to book a call with one of us to find out more about how we can help you with divergence and to understand the whole trading strategy as a whole, I’m going to put a link here where you can book a call to have a chat with either myself or one my team. Blueberry Markets And if you’re out there looking for a really good forex broker, I can highly recommend Blueberry Markets. They offer the MT4 and the MT5 trading platform. I’ll put a link to them here as well. So I hope that help is. I hope that you use this very powerful tool called Divergence and use it the right way with your trading strategy. Or if you don’t have one, please come and ask us how we can help you to create a trading strategy or to trade the way that we do and put it together with a good strategy. Divergence will massively help you. This is Andrew Mitchem at the Forex Trading Coach. I see this time next week. Bye for now. Episode Title: #519: Divergence Trading in the Forex Ma

Are You Emotional or Erratic? Podcast: Signup For my Forex Masterclass 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 #518: Are You Emotional or Erratic? In this video: 00:27– What type of person makes a good trader? 00:50 – Having a strategy and controlling your emotions 01:26 – We all see and know reactive people 02:37 – Have a plan and stick to it 03:21 – Daily trades and Weekly Webinars 04:05 – Consistency is key 04:37 – Book a call to chat with us 04:51 – Blueberry Markets Emotional and erratic. People will never make good traders. To trade properly, you’ve got to get your emotions under control because it’s all about the head. Let’s get into that a more right now. Hey there. Traders! This is Andrew Mitchem here, the owner of the Forex Trading Coach with video and podcast number 518. What type of person makes a good trader? And quite a blunt lesson today in some ways. And it may upset a few people, but, you know, possibly that’s the point. And if you want to give yourself a good chance of being a good trader, you have to control your emotions. You cannot be one of these erratic, emotional, responsive type of people because the chances are you’re not going to do very well at trading. Having a strategy and controlling your emotions You see, trading, we know, is all about having a strategy and understanding what you’re doing, but it’s all about understanding. It’s also about understanding your mind, your heart, your emotions, because the reality is that we’re trading with real money and emotions come into play. You cannot hide that. You know, you can get away from the fact that. If you’re on demo, you may not quite understand this yet, but if you’re live trading, you will know that emotions come into trading and become a big part. So you need to understand the emotional, psychological side of things, plus your strategy and how the market works and put that together. We all see and know reactive people Now, look, we’ve all seen, you know, emotional, reactive, erratic people. You know, you see them if you’re driving, you see them on the road and they had blowing a horn for something stupid. You see people at airports, you know, when emotions start getting a little bit much and people get a bit stressed and they go to do dumb things. You see that around like, you know, you seen it in the last few years with all the stuff that’s going on in the world. And if you’ve got any slight opinion or different to the, you know, the government or mainstream people have been smashed for it, well, they’re just having their opinion. And much of the time they’ve probably done more research than everybody else anyway. So but people find it very easy to be emotionally reactive rather than actually stopping thinking and in doing things properly or just letting someone house have a different opinion, it’s perfectly fine. It’s nothing wrong with that at all. So what makes the world go round? It’s what makes trading go. You know, why is why do some people see the market moving up and all those people said moving down? So you’ve got to get that under control. Have a plan and stick to it Really important because when it comes to emotions in trading, you need to also have some form of plan and stick to it as well. You know, people that just suddenly go. The six hour charts are rubbish or last week they failed so and I lost money on them. So I’m never going to look at them again. Hey says mate, why would you do that? You know, if your strategy is to look like mine, let’s say twice a day, and I always look at the daily charts and at the same time I look at the 12/8/6 and then that’s at 5 p.m. New York time, 5 a.m.. I’m always there, you know, always on the forum site. I always there looking through the shorter time frame. So the two, four, six, eight and 12 at that 5 a.m. changeover. And we’re doing that without fail. Daily trades and Weekly Webinars You know, every day since 2009 we publish our daily traits we’ve never missed one day. Every week we’ve held our live webinars. We never miss them. We don’t go all. Last week it was a terrible webinar, so I’m not going to do another one. Last week the daily trades had a losing week, so we’re not going to bother looking this week. You know, that’s a crazy thing to do. And likewise, people get very caught in the emotions when it comes to risk management as well, and they’ll go, Oh, I had a losing week. So this week I’m going to double up on my risk of something like that. I’m not about a stop loss in or I can’t be bothered looking at the, you know, the daily charts this week. Real dumb things like that that really do not aid you to be consistent. Consistency is key Because consistency r

Big Benefits to Trading the Longer Timeframe Charts Podcast: Signup For my Forex Masterclass 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 #517: Big Benefits to Trading the Longer Timeframe Charts In this video: 00:27– Coming to you from my favourite beach Awaroa 00:53 – Daily trades taken, then off to enjoy life 01:23 – Too many traders get glued to the charts 02:18 – The benefits of trading the longer timeframe charts 03:38 – Everyone can trade the longer time frame charts 03:50 – Book a call with me and my team – https://theforextradingcoach.com/call 04:56 – Blueberry Markets In today’s video podcast, I’m going to talk about why I love trading the longer time frame charts or the benefits that it gives you and the results that it give you, too. Let’s go into that and more right now. Hey there, traders! It’s Andrew Mitchem here, the Forex Trading Coach with video on podcast number 517. Coming to you from my favourite beach Awaroa And today I’m going to explain why I like those longer timeframe charts. I’m at Awaroa one of my favorite places. It’s coming up to the end of winter here in New Zealand. And just flown here today with my wife in the helicopter and just been to see some friends and now we’re about to go and have a bite to eat for lunch on the beach. And as you can see, there’s as two people here on the beach. That’s it. And us. And why am I telling you this? Daily trades taken, then off to enjoy life Well, earlier this morning, I took my time. I took my daily traits for the day three trades day off the daily charts. Yesterday, I took a trade as well. And also one on the eighth hour charts yesterday. And then last night my time I took three trades on the 6 hours and that was it for my trading yesterday. Reasons for trading. Those longer timeframe charts means you only need to look like once or possibly twice within a day. Too many traders get glued to the charts Unfortunately, far too many people get caught up into the problem of feeling like they need to sit there watching one minute charts and 5 minutes. Yeah, so 15 minute charts because they feel they should do they load their charts up with all these pretty patterns and it’s just this complete utter information overload and clutter of dots and lines and arrows and different things on that chart because the brokers inundate you with all this technical analysis and you’re convinced that that’s what you have to use. Real traders pretty much ignored us to that. And that’s the difference, I suppose, between people who go into it and think they’re going to find some magic formula with hundreds of patterns all over their charts and dots and lines and crosses and things, and people will actually look at candle patterns and and price action and use bigger picture analysis. So, and strength and weakness, etc.. And that’s there so many benefits of trading those longer timeframe charts. You know, people with families, with careers, with other things to do, travel, whatever it is, You can go and do that and trade full time and do really, really well from those longer timeframe charts. So I look at the charts always at 5 p.m. New York time and make my analysis they are based off the daily charts and beginning of each week of the weekly charts, beginning of each month of the monthly charts and every single day, daily charts. And then I also look through 12, eight and six at the same time. And you can do that all in 15-20 minutes a day done. And then personally, for me, I look at the close of the sort of four, six and 12 hour charts which is at 5 a.m. New York time. You don’t have to be at your chance at that time. That’s just what suits me that other that second time, because you’re getting like two or three other time frame charts change over then. Longer timeframes, more time to figure out what’s actually happening. You’re not using emotions. You’re not rushing in to try and stupidly you’re looking at what’s really happening in the market and making your analysis. Plus, it allows you to go and do stuff like this. I mean, look at this behind me. Absolutely stunning. Tide’s out quite a way right now, but it’s just I’m going for a swim, actually. Yeah. When I finish this. And it just shows what can be done. Everyone can trade the longer time frame charts You know, the other thing also is just to let you know is that so many people think that just because you’re on a longer timeframe charts, they cannot trade those trades, those timeframe charts with smaller accounts. And again, that’s not true also. Book a call with me and my team – https://theforextradingcoach.com/call So if you want to find out more what I really suggest you have a look at doing, If you’ve not already jumped o

How to Trade Crypto’s, Indices and the Commodity Markets Podcast: Signup For my Forex Masterclass 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 #516: How to Trade Crypto’s, Indices and the Commodity Markets In this video: 00:28 – We don’t only trade the Forex market 00:50 – Bitcoin’s massive crash in price 02:03 – We trade Crypto’s in the same way as we trade the Forex market 03:07 – Trading the Patterns that work 03:27 – Indices taken just this week 03:58 – Book a call with me and my team 04:31 – Blueberry Markets So you want to know a safe way in which you can trade cryptos, but also indices, commodities as well as the forex market. Let me explain how we do that. Right now. Hey, the Forex Traders! This is Andrew Mitchem at the Forex Trading Coach with video and podcast number 516. We don’t only trade the Forex market So obviously at the Forex Trading Coach we trade the forex market, but there’s so many of you out there that want to look at other markets as well, and metals, indices, other commodities and of course cryptos. Now crypto has been still the buzz word, although things have just quietened it off a little bit. But you know, the issue that I see with a lot of those markets. Bitcoin’s massive crash in price Especially if you look at Bitcoin, for example, you know, the most well known crypto is that if you go back, let’s say to the end of 2021, Bitcoin was up around $69,000 and everybody was predicting it was going to get to 100,000 and then just keep going. And of course, what happened? Well, it did the complete opposite. It absolutely crashed and it fell away. And by the way, back then, I predicted that would happen. And I was looking at the charts and looking at the monthly or the weekly charts back then. And on one of my live webinars clients, I said, it’s going to really drop. And we have a price prediction level. And guess what? It did that and ended up going even further. But here we are right now, August 2023, and right now the price of Bitcoin is around $26,000. And imagine being back then sort of 65, 68, 69, just about reached $69,000, but somewhere around about then and, you know, buying a whole lot of Bitcoin. First of all, you need a huge amount of money upfront and to invest. But also if you’ve bought a $65,000 and it sort of dropped to today, $26,000, that’s a massive loss. You’ve taken that huge hit. We trade Crypto’s in the same way as we trade the Forex market And so the way that we trade cryptos, just this week I’ve taken trades on Bitcoin itself and the Etherium and also Chainlink is exactly the same as looking at the forex market. So we can buy, we can sell, you know, go long and short week and look at the same charts on our Metatrader 4, Metatrader 5 and we have the same patterns, the same candle patterns. We’re looking for continuations, we’re looking for reversals. We can use different time frame charts. We have the same risk of our trade goes against us. We have the same reward to risk. We’re looking at the same time of day. So there’s nothing different to what we’re doing trading, say, like cryptos than if we were trading the EUR/USD for example. And that’s the beauty of it. It’s just opened up a massive bigger amount of markets. And therefore when we come to look at chart patterns, which is what we do, we’re looking for patterns and we know the patterns that we look at have high probability of a successful outcome based off history in all the years of doing what we’re doing. Trading the Patterns that work So when it comes to the pattern, I’m not really bothered if I’m taking a trade on Bitcoin or Chainlink or the EUR/USD. It does not matter to me. And so we’re taking the patterns based on what we know works for us. So that’s for me is the way that I can trade these other markets. Indices taken just this week And so I’ve also on the indices, I’ve taken trades on the Nasdaq, the Footsie, the China H the US500 and on the commodities. I’ve taken trades on Wheat. Last week I took a trader on Zinc on the metals. So we are out there looking at those markets when they show good set up. So for me that’s how you should look at trading some of those non forex markets exactly the same way. The beauty is you don’t need to learn anything new, you just need to understand how we trade. Book a call with me and my team Now what I’d also like to offer you, if you’ve not taken advantage of this year, is to have a chat with us, either with myself or one of my team. You can book a call and talk to us about your trading, where you need help, how we can potentially help you and give you some helpful tips and information. So if you’d like to have a chat with one of us, like a 30 or 40 minute conversation. Book in a time, there’

Prop Firms Have Been a Game Changer Podcast: Signup For my Forex Masterclass 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 Find out more about FX2Funding – Click Here #515: Prop Firms Have Been a Game Changer In this video: 00:30 – Why Prop Firms? 01:10 – Most people lack the funds to trade full time 02:02 – FX2Funding as a Prop firm 02:27 – Traders making excellent gains trading on Prop firms 03:48 – My risk per trade is 0.25% 04:38 – No time limit 05:21 – Blueberry Markets 05:41 – Comments and Suggestions for future videos and podcasts Prop firms have been an absolute game changer for us as Forex Traders over the last few years. Let me explain how you can use prop firms to your advantage and make some substantial returns. Let’s get into that more. Right now. Hey there, traders! It’s Andrew Mitchem here at the Forex Trading Coach with video and podcast number 515. Why Prop Firms? Today I wanted to explain all about prop firms, what they are good ones, maybe not so good ones, and how you can take advantage of them to substantially increase your returns that you make from the Forex market. So the good things with prop firms is you’re able to go to them and prove to them that you can try. Now, of course, you’ve got to be able to trade properly first within their criteria. So you have to have a strategy and be a good trader before you do that. So don’t just watch this and go and jump into a prop firm because more than likely going to lose money. But what you should do is learn how to trade properly first. And of course, we can help you with that. Most people lack the funds to trade full time But the traditional issue that so many people have is even if they can trade properly, they’ve not had substantial capital or funds available to them themselves to be able to make good enough returns from the forex market in order to maybe use the forex market as a full time income. Now, let’s say you know how to trade and you’re making I’m going to pick some figures, let’s say 50% return per year, but with very low drawdown. That’s absolutely incredible. And does almost any other investment out there, let’s say you only had $10,000 in your own personal account. Well, fantastically, you made $5,000. But of course, in most places around the world, that $5,000 is not gonna get you very far in terms of being able to live and survive. So that has always become the issue. FX2Funding as a Prop firm Now with prop firms, of course, there are good and there are not so good prop firms. And I’m going to put a link here to FX2Funding who I think are very good prop firm and other prop firms are starting to catch up with some of the rules and criteria that FX2Funding have brought in which I think again, is a bit of a game changer. So I’m not suggesting you should only go to them. Have a look around, do your own due diligence. Traders making excellent gains trading on Prop firms But we have a lot of our clients here at the Forex Trading Coach doing incredibly well through prop firms. And just last week we had a client who’s up passed the challenge stage with a new prop firm and now is on $100,000 live and has passed the 10% profit on that on an 80/20 profit share. He’s just picked up $8,000 not even his money. It may have cost him $500 to start a challenge and now he’s moving on to the next level. We also have a number of clients who have been through prop firms and with prop firms for quite some time, and a number of them are opening up new prop firms account every week or every few weeks and have multiple prop firm accounts, all running all at different stages of length of time that they’ve been with them. And I can tell you they are making some crazy, crazy personal returns. Now, does every single prop firm challenge that you take pass? No, of course not. That’s not always going to happen. So having multiple prop firms open, all opening at the same time is a really good way to maybe limit the effects of maybe having a bad week in your trading. But when you think about it, most good prop firms out there have a drawdown limit of, let’s say, between 5% and 6%. I know FX2Funding have now gone through a 6% maximum drawdown. My risk per trade is 0.25% Now, personally, I only risk quarter of 1% per trade on my prop firm accounts. Now, if you think about that 6% maximum drawdown and only quarter a percent risk per trade, that means I need 24 trades all in a row without any profitable trades, 24 trades to get stopped out all in a row and to go wrong against me, which has never, ever happened in 20 years trading, by the way. But let’s say, you know, it did then I lose my prop firm challenge, but it’s not going to happen. It’s almost impossible to have 24 trades all go wrong without any profitable trades

How To Successfully Trade the 5 Minute Charts Podcast: Signup For my Forex Masterclass 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 #514: How To Successfully Trade the 5 Minute Charts In this video: 00:33 – Should I look to scalp the market? 01:20 – Any Pair and any Market and any Time frame chart 01:53 – Most people don’t know when to look or what to look for 02:33 – Only take Continuation patterns 03:07 – Examples of Continuation patterns 04:11 – It’s all about the strategy 04:22 – Blueberry Markets 05:02 – Masterclass and book a call to chat with us Should you consider trading the five minute charts? It’s a question I get asked very often. And just this week, one of our clients has posted some amazing five minute chart trades on our forum site, and I like to share details about that right now to help you. Let’s get into it. Hey there, traders. Andrew Mitchem here at the Forex Trading Coach with video on podcast number 514. Should I look to scalp the market? Now quite often I get asked the question, Andrew, should I look at scalping? And scalping is trading shorter timeframe charts when you’re generally in and out of the market relatively quickly and most of the time I say the people don’t do it. Stay away from anything from one hour charts and below because most of the time it consumes you. It’s lots of noise, lots of whipsawing around and the price action. And unless you know what you’re doing, it’s probably going to eat you alive. It’s probably not a great idea. And really it comes down to each to their own. You know, I much prefer personally the longer timeframe charts with the higher rewards risk looking less often. But we also have to acknowledge that not everybody wants to do that. Any Pair and any Market and any Time frame chart And the fantastic thing about my trading strategy is it can be applied to any currency pair, any market and any timeframe chart. Now, just this week, one of our clients, David, has posted for amazing five minute chart trades on our forum site. So David is only looking at his charts just three days a week and only for about an hour or so per day. So it’s really important that if you are to look at short a timeframe chart such as the five minute charts, you do not make this like all time consuming. Most people don’t know when to look or what to look for The issue that a lot of people have is they don’t know when to look, they don’t know what to look for. And then because they’re sat there looking, they kind of bring emotions in trades and they feel like, Oh, I’m here right now. I have to find a trade. And that becomes quite a dangerous thing. It’s like years and years ago when I started trading on dial up Internet and same thing. You finally got the Internet to work. And I thought, Right, I’m on ready to go now. Where’s a trade? Let’s make it happen. And of course, that’s not the way to trade. So you know, fast forward and luckily we don’t have dial up any longer, but there’s still the same kind of issues that you must get away from. The fact that just because you’re there don’t force a trade to happen. Only take Continuation patterns So let’s get back to David. What David has done very sensibly is he has chosen to only take continuation trade patterns. So here at the Forex Trading Coach, we take reverse patterns and continuation patterns. Reversals are pretty cool. They look really good on the charts as being a big uptrend and then the we looking to sell or there’s been a big downtrend. You’re looking to buy. That’s fine on the longer timeframe charts, but on the shorter time frame charts, a continuation pattern is a far safer, higher probability way of trading, and that’s what David has chosen to do on the four trades that he’s taken this week. Examples of Continuation patterns So as an example, there’s been an uptrend, a pullback, and then he’s looking to ride that up again or there’s been a set downtrend, a pullback, and he’s looking to ride that back down again once he sees the patterns that we teach and everything else that we talk about as part of the Forex trading Coach Course. So awesome to see. David. The other thing is he’s on the allocating an hour per day to look through the charts and that’s really important as well. Just select the time that works for you. Go and have a look at the charts. If there’s a trade there, fantastic target trade. It is not. Don’t take one. He’s also looking for a variety different time for and chances. Trading with the main trend as mentioned with a continuation patterns is also trading with the bigger picture because we talk about daily strength and weaknesses as well. He’s using the round numbers and everythi

Social Media Cannot Teach You to Trade Podcast: Signup For my Forex Masterclass Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course #513: Social Media Cannot Teach You to Trade In this video: 00:30 – Can you learn to trade from Social Media sites? 00:56 – Why am I at the hangar today? 01:35 – I’ve been flying for 9+ years and still need training 03:05 – Trader wastes GBP15,000 thanks to Social Media “Experts” 04:02 – What does Trading Success mean to you? 04:56 – Blueberry Markets Can you learn to trade properly and profitably and know what you’re doing by following forums, social media sites, YouTube, Facebook, all those type of places? I’m going to share with you a really interesting story. Let’s get into it right now. Hey there. Traders! Andrew Mitchem here, the Forex Trading Coach for video and podcast number 513. Can you learn to trade from Social Media sites? So can you learn the trade off social media sites, YouTube videos, all those type of places? Well, I’ve received an email from someone over in the UK just yesterday and he said to me that he has lost £15,000 trading live trying to learn how to trade by following people on YouTube. So I’m going to cover that one shortly. Why am I at the hangar today? Now, you might maybe wondering, why am I talking about this at the hanger here? So if you’re watching this, you’ll see I’ve got my helicopter behind me. The reason I want to talk about this and the helicopter is I’ve just come out of the hangar here. Let me just show you. I fly from the other side over there and the helicopter you fly from the right hand side. You know, I’ve just come here and I’ve just put the dual controls in here on the left hand side. That’s because I’m heading up to the snow right now. My instructors give me a call “So look the conditions up. They’re really good” I’ve never landed myself in snow. I’ve landed in a little bit, but I’m talking like proper snow. I’ve been flying for 9+ years and still need training And I’ve been flying this whopping fly helicopters for nine years, this helicopter for over five. It’s a great machine. Very, very powerful helicopter. It’s even got snow paws on down there so you can land in snow properly. However, I’ve not done it. The reason is it’s clearly very, very dangerous. You have to know what to do. Like when you land on that snow. Are you going to sink? Are you on rocks? Am I going to get the skids here? Cool on rocks. Am I over a lake? I don’t know. So there’s a lot of skill. Is it icy? How have fresh the snow has off to the actual approach. Getting the blades up here, you know, whipping up the snow, creating really bad visibility, white outs, all those type of things. And obviously on mountains anyway, it’s a lot more dangerous, you know, windy conditions. So I put duals in here and the two of us are off for a flight. So after nine years, I’m still seeking expert help because I want to go and do something quite, you know, a higher level, more dangerous, more risky. If I try it myself and look, legally, I can go and do that myself. I have a full license. I own the machine, it’s fully insured. Everything else, I can go and do this, but I’m seeking professional help to show me from someone who knows what they’re doing, who’s done this countless thousands and thousands of times, what to do to do it properly. Trader wastes GBP15,000 thanks to Social Media “Experts” Now, you bring this back to the guy who wrote to me yesterday. Not only is he wasted an enormous amount of time and probably lost huge confidence in the market. And clearly, confidence in someone who can teach him because he’s tried so many free places on YouTube, he’s lost £15,000. That’s a huge amount of money. Now, if I get this wrong, I can assure you I’m going to lose a lot more than £15,000. I could be losing hundreds of thousands of dollars and getting it wrong. I could be injuring myself, could even kill myself if I get it completely wrong. So what is it worth to you, whether it’s doing something like this or whatever skill it is you are doing? And if trading is your skill of choice that you want to learn to do, what’s it worth to you to do it properly, safely, correctly? Seek help from someone who knows what they’re doing with low risk, high probability chance of getting it right finally and having a massive amount of support at that. What does Trading Success mean to you? So have a think about that. What is that worth to you? And that’s where it comes back to our Forex Coaching Course that’s rated. It’s about a 4.8 out of five star rating on Forex Peace Army since 2009. Go and have a look on Forex Peace Army and find out how many other education companies that started back in 2009 are still the

When All You Want is Results Podcast: Signup For my Forex Masterclass Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course #512: When All You Want is Results In this video: 00:31 – Another great trading week 01:06 – Trading on a prop firm 01:31 – Here’s how we can help you gain consistency and results 03:04 – It’s a no-brainer 04:14 – Do other things than trade 04:54 – Blueberry Markets 05:14 – On demand Masterclass As a trader. At the end of the day, all you really want is good results, consistent results, low drawdowns, and we can provide that for you. Let me share with you how we’ve done that for our clients this week. Let’s get into it right now. Hey, traders. Andrew Mitchem here at the Forex Trading Coach. With video and podcast, number 512. Another great trading week We’ve had a yet another fantastic trading week. And as I mentioned at the beginning, as a trader, ultimately the thing that you want more than anything is results. You want consistent results. You want to know how to trade properly. You don’t want to be spending lots and lots of time your charts and you want low drawdown. You see, that’s absolute key. All in good. Someone saying, I’ve made 50% in a six months, but if they risk, you know, crazy amounts in their drawdown, it’s been 50% then not particularly great. What you want to have is low drawdown with high reward to risk trades. Trading on a prop firm If you’ve got any interest at all in prop firms, that’s exactly what they want. And you will see that if you’ve tried on a prop firm and failed is probably because your drawdown has been too excessive and you’ve they’ve stopped their contact because of your over trading or too big a risk which has led to, you know, you breaching the five or 6% threshold that most of them have. Here’s how we can help you gain consistency and results So what can we help you with? Well, we can help you gain that consistency and those results. And and we know we can do that because we’re doing that for ourselves when we’re doing that for our clients. And we’ve been doing that for over 14 years here at the Forex Trading Coach. And we’ve got clients in 103 countries. And look, this just works out this week. It’s been a classic example. We have taken 16 daily chart trades this week, been posted on a membership site with exact currency pairs, the directions, the reasons for the trade, plus the exact entry and exit levels, all of which are taught in the course anyway. But just on the daily chart trades alone 16 trades five Weekly chart trades. This week. So all of that combined would literally take you less than one hour to place out breakout strategy that we look at once a week, which again literally takes 2 minutes once a week. That’s made another one and a half percent this week. It made one and a half percent last week as well. On top of that, we’ve taken quite a number of trades on our forums site this week that either ourselves and clients are posted predominantly the longer time frames this week, just the nature of the market and we’ve had a few charts posted on 30 minutes and 1 hours, but most of the trades have been posted on 12 hours and 6 hour charts. This week has some an amazing results on the 12 hour charts in particular. And again, that requires you to look at your computer once, maybe twice, or at your charts once or twice a day. And one of those times is actually the exact same time that the daily charts are posted. So, you know, it’s just an absolute no brainer, really. It’s a no-brainer If you want to be able to trade consistently with low drawdowns that know what you’re doing, to know when to look at the charts, to know what timeframes to look at, to know what patterns to trade and when with the exact entry and exit levels to not worry about PIPS, because every trade that we take has low and equal risk. It doesn’t matter what the pair, the direction, the size of the stop loss, the time frame chart and other that matters. Every trade has equal low risk, but they have high reward to risk outcomes. So if you get a trade making, let’s say a 3 to 1 reward the risk and you make, let’s say a 1% per trade, that’s too much. But let’s say for for mathematic sake, you make 3% on one trade and you lose on another one, you lose 1%, you still net 2% up, yet you’ve lost 50% of the time. So knowing exactly what to do, when to do it had to end to how to exit, whether you should exit early or not. All those sort of things we can help you with and again, we do that every single week. On my live webinar yesterday, I took trades live on the three hour, the four hour and the 12 hour charts. So lots and lots of trading opportunities this way. It’s been absolutely fantastic. Just like this weather behind. Do other things than trade And that’s wh

Has Your Income Exceeded the Rise in the Cost of Living? Podcast: Signup For my Forex Masterclass Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Find out more about FX2Funding #511: Has Your Income Exceeded the Rise in the Cost of Living? In this video: 00:28 – Inflation is out of control 01:19 – What has happened to your income in the last 12 months? 01:55 – What are you doing to help yourself? 02:52 – Nothing beats trading the Forex market 04:50 – A link to FX2Funding 05:30 – Client makes +26.33% in 1 month 06:23 – Blueberry Markets 06:50 – Consider trading now Has your increase in your income in the last 12 months kept up with or exceeded the rate of inflation where you live? Let’s talk about that and more. Right now. Hey there, traders. Is Andrew Mitchem here, the owner of the Forex Trading Coach with video and podcast number 511. Inflation is out of control So today I want to talk about inflation. I’ve talked about it in the past and here we are now, many months later, with inflation still continuing to spiral right around the world. All around the world, it doesn’t matter what country you live in. Inflation is getting higher and higher. The cost of living is going up and up. The cost of your food, the cost of travel, the cost of everything is getting out of control. And it doesn’t look like it’s going to stop any time soon. Add on to that the increase in interest rates, which we’ll continue to see right around the world, despite many months ago, a lot of the experts saying they were going to stop and peak and then potentially fall. That’s not happened. Interest rates continue to go up. So anybody with any form of loan, mortgage debt, it’s just getting harder and harder and harder to pay that. What has happened to your income in the last 12 months? So my question to you today is this. “What has happened to your income in the last 12 months?” “Has it gone up by the rate of inflation?” or “Has it gone up more?” because it should have at least gone up by that rate. Ideally, more than that rate for your country, because if it hasn’t, you’ve gone backwards in the last 12 months of working hard. And that’s quite a scary thought for people. So how do you think about that and answer that for you and your situation. What are you doing to help yourself? Also, what are you doing about that? If your income has not exceeded inflation and interest rate and your general cost of living increase in the last 12 months? What are you doing about that? Because unfortunately, so many people procrastinate. They look around, they think they’re going to do something. They have all these wonderful ideas. They hear something like this and they go, Yeah, I’m going to do something. Six months later. Guess what? They’ve done absolutely nothing. Why? Because it’s a little bit harder to go and make a decision, a little bit harder to go and do something. It’s easier to sit on the couch and watch rubbish on Netflix or something like that. And so that becomes the issue. People need to actually get a kick up the bum and be motivated in inflation and interest rates continuing to climb. And probably incomes not really ought to give you that kick that you need. So what are you going to do about that today, right now? Nothing beats trading the Forex market Now, from my point of view, I know of nothing better than the forex market and trading to actually help to overcome this situation and to improve things for you because it has very low risk, it has very low cost of entry. You think about, let’s say, going off to university and getting yourself a degree in three, four, five, six, seven, eight years, depending on what you’re doing and, you know, and coming out with massive debt. And then you still need to go and get yourself a job and claw your way and debt and then still be an almost slave to the system because you still have a job. Now, it potentially could be a higher earning job than many others. Yes, granted. But you still come out of that. Lots of time down, lots of debts, most likely. Forex allows you to get into the market with a very small entry fee, very small short window of time as well. But you need to get into it when your number one objective is not to make money or have to make money from day one. That is not the way to succeed in trading. You have to give yourself time to learn, to experiment, to have gained some fails and to go through the natural system. Now we can certainly help shortcut that at the Forex Trading Coach with our proven method of teaching and our proven strategy. But even so, when people come on board and they go, Andrew, I want to be a prop firm trader. Wow, fantastic but stop. Doesn’t matter how much trading experience you have, even if you come on board with us, I suggest that you have at least six months before you even consider prop firms

Has the US Dollar Crashed? Podcast: Signup For my Forex Masterclass Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course #510: Has the US Dollar Crashed? In this video: 00:24 – The recent US Dollar crash 01:08 – What’s caused the weakness in the USD? 02:11 – We analyse the Weekly and Daily Strength & Weakness 03:45 – What to do when a trade sets up against the trend? 04:24 – Did you profit from the recent USD move 04:54 – Trading with Blueberry Markets Has the US dollar crashed? Did you take advantage of it? And will that trend continue? Let’s talk about that and more right now at. Hey there, traders. It’s Andrew Mitchem here at the Forex Trading Coach video and podcast number 510 today. The recent US Dollar crash I want to talk all about the recent crash that we have seen in the US dollar. I hope you’ve taken advantage of it and you’ve seen plenty of good trading opportunities. You have a look at the US Dollar Swiss franc chart, for example. Right now as I’m recording this on the 14th of July 2023, the US dollar right now is at a level we’ve not seen for eight years back in 2015. Go and have a look at the charts. It’s just crashed. The US Swiss franc has absolutely crashed against other currencies. The US is also looking weak. Some of them are rates, highs or lows depending on which currency for the year. Some are now at levels not seen for several years as well. What’s caused the weakness in the USD? So what’s caused that? Well, as traders, to be perfectly honest with you, we don’t really need to worry about what’s caused it because there’s probably a multiple number of factors there that have caused that US dollar weakness. However, the important thing, especially as technical traders, is that we see this happening all out charts and we take advantage of these moves and the big trends because that’s how you can trade with the main trend. If you see this continued US dollar weakness and you see other currencies looking particularly strong, then you start to bring in and start to bring in the strength and weakness analysis that we look at to help us to trade on the right side of the market. Of course, we’re still looking for the right technical setups in candle patterns and what part of the chart the candle has closed in, etc. like that? Do we have room to move to our profit target? Have we got some form of stop loss protection or round number for our stop loss to help ourselves out there and to increase our probability of a successful trade. We analyse the Weekly and Daily Strength & Weakness But also at the Forex Trading Coach on a weekly basis, we look at and analyze the weekly charts and we post for our clients each week. Every Monday morning, the likely strength and weakness directions on the bigger picture weekly charts on a daily basis. Each day we do exactly the same based off the daily chart. We look through the daily charts and we look at which currencies are looking particularly strong or particularly weak. And then we also mention which currency pairs are likely to move in which direction for that particular day. Does that mean that every time if we say the US Swiss francs looking for sell opportunities, is this going to fall? No, it doesn’t. But what it does do is it gives us the bigger picture. If we have, let’s say, weakness on the US Swiss franc on the weekly chart and in on a particular day you see US Swiss franc weakness. You then look for particularly for sell trades. So if you see bearish candles in the right part of the chart on any time frame, what that means that you are trading with the more immediate candle direction looking like it’s heading down on a daily basis, it looks like it’s weak on a weekly basis. There’s weakness in that pair. It stands to reason and adds to your probability that with the right pattern in the right part of the chart and with that more daily and longer term direction, you really are putting all these factors in your favor of a successful trade outcome. What to do when a trade sets up against the trend? Flipside of that, what it also does is if you were to see, let’s say, a bullish pattern on the US Swiss franc, it means that potentially you’re going to do one or two things. You might say either one, I’m just not taking the trade altogether or two, I might take it, but at a reduced risk on that particular trade. And the choice is yours really when it comes to that, because it means you might be buying on a short term pullback, but knowing that the main direction is down. So by helping teach our clients how to look for that weekly and daily likely direction, it helps us to remain on the right side of the of the trends more often than not. And that’s a massive help for our trading. What to do when a trade sets up against the trend? So my question to you is, have you over the

My Typical Trading Day as a Full Time Forex Trader Podcast: Signup For my Forex Masterclass Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course #509: My Typical Trading Day as a Full Time Forex Trader In this video: 00:33 – How I start my trading day 01:06 – H6 trade on the USD/SEK hits the profit target 03:19 – 4 trades on the Daily charts for the day 05:19 – Trades taken live on the clients webinar 06:23 – 4 more Daily chart trades for Friday 07:29 – Trading a maximum of 30 minutes of chart time a day What is a typical trading day look like for me? Well, today I’m going to take you on a journey and share with you all the trades I’m taking and everything that I’m doing in the day. Typical trading day. Let’s get into that and more right now. Hey, traders, Andrew Mitchem here at The Forex Trading Coach with video and podcast number 509. How I start my trading day I want to share with you today a typical trading day. So first of all, I’ve just got up in the morning, have a look at my charts here and seen some green lights, which is always a bonus. I’m going to try and turn my camera around. So if you’re listening on the podcast, I apologize. This is going to be a little bit kind of bitty but I’m going to use this. So if you’re watching on YouTube or my website in the video, you’re going to get a lot better experience on today’s video. So it’s now half pass seven. Today’s Thursday the 13th of July 2023. H6 trade on the USD/SEK hits the profit target Just woken up and a US/Swedish Krona trade that I took on Monday has just hit the profit on the six hour chart. Turn the camera and chill and show you that trade. And also I took four trades last night, my time on the 12 hour charts at the 5 a.m. Eastern Standard Time and change over. And all four of those trades are in right now and they’re looking really good and in some profit. So let me turn the camera around and I share those with you right now. Okay. So I hope you can see that I’m not them. So I post the trade here on the US Swedish krona on AM on Monday, and the trades now go on a profit. You can see down the bottom there you can see the trade has hit the profit target nicely in that happened earlier this morning. Great thing was I wasn’t even watching the charts when that happened. Okay, We’re now on to the 12 hour chart. So this is the US Singapore dollar, which if you have a look, hopefully focuses there we go down then you can see the trades. Where are we in the corner there. I’ve got the pound. Australian, the US, Chinese, US, Singapore and the US say that we can and I can turn my camera around. You can see in here right now those trades all going very nicely. They were taken on the 12 hour charts for them. They mentioned on our forum site and again it’s the power of the forum site that we have here. There’s the US/Chinese is going really well. So for trades on the US/South African here and you can see those trades in there, great retracements 2 buy trades in there. And the last one was the Pound/Australian, which I will scroll across to and find for you that is in here and there’s the Pound/Australian. So that’s a quick summary of the trades that I’ve got open and have taken overnight my time. Next thing I’m going to do in about an hour and a bit from there I’m going to start scanning through the daily charts, which will be the 5 p.m. Eastern Standard Time, New York Time, close day charts takes me back 10, maybe 15 minutes to scan through those charts and see what trades I’m taking for today on the daily charts. I’ll also look through the 12, eight and six hour chart, so I’ll come back to you shortly. 4 trades on the Daily charts for the day Okay. Got a bit of an update for you. I’ve just taken four trades based off the daily charts and also I need to let you know that today is Thursday, the 6th of July. I think at the beginning of the session I said it was the 13th. I’m a week ahead of myself. It’s actually Thursday, the 6th of July 2023 today. So just taking four trades based off the daily charts, I’ve just taken them here now live. It literally took me 10 minutes to scan through all the daily charts today and then about another 5 minutes I went through the 12 hours, eight hour and six hour charts as well. I’ve taken the four trades based off the daily charts. I put them on our membership site and place them here on my live account behind me. I have taken a buy trade on the Pound/Australian sell trade on the Australian/US dollar, a sell trade on Gold/US dollar and a buy trade on the US/Singapore dollar that’s been placed behind me here, all with a half per cent risk. So in other words, a total of 2% risk on my account if all four trades get filled, and if all four get stopped, that maximum I can lose is

5 Reasons Why Good Education is the Cheapest Investment in Yourself Podcast: Signup For my Forex Masterclass Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course #508: 5 Reasons Why Good Education is the Cheapest Investment in Yourself In this video: 00:43 – #1 To gain a good and proven trading strategy 02:13 – #2 Someone to learn from every day 04:04 – #3 The power of community and power 04:58 – #4 Discussing new products and ideas with other traders 05:48 – #5 Don’t reinvent the wheel 06:40 – Blueberry Markets I’m going to give you five reasons why. Good forex education is the cheapest investment you can ever make in yourself. If you want to be a good forex trader. Let’s get into that more. All right. Not. Hey there traders Andrew him here at The Forex Trading Coach with video and podcast number 508. So I want to give you the top five reasons why I see that investing in good education, I mean, good education, not just any education, but good education can be the cheapest investment in yourself that you ever make. So let’s get into it. #1 To gain a good and proven trading strategy So first thing is strategy number one has to be the strategy. If you are investing in a good forex education and company and a good course with a proven track record and longevity, and it’s the kind of strategy that works and suits you and your personality and all those type of things. That is ultimately what we’re all out there looking for. It’s the holy grail of trading, isn’t it? Because what you’re doing is by joining an education course, you’re basically taking on their strategy. You don’t need to spend hours and hours, countless thousands of hours. And some people, you know, going ran around in circles looking for a strategy, adding this indicator, that indicator and looking at the news, not looking at the news, combining the two. Not sure what you’re doing. Don’t know that different time frames, all those type of things that everybody has been through. It took me four years to come up and create the strategy that I am currently using and have done so for the past 15-16 years. And so four years of going around in circles, wasting an incredible amount of time and money to get there. Luckily, my strategy has never changed since I’ve created that. Why build? Because it works. So the strategy is definitely number one. With us you get everything included in that. Like you don’t need to find more indicators or more trading software or anything like that because we provide it all. So that’s number one. #2 Someone to learn from every day Number two, someone to learn from and to follow. And that I think is also very, very important when you go on board with a good trading company and good education with what we do is we provide daily trading suggestions. So every day, based off the daily charts, we provide specific trades with the currency pair all the market, if it’s like a metal or a crypto indices, etc. the market, the direction, a paragraph of reasons why we’re looking at taking that trade plus the exact entry and exit levels. So what does that do for you? Well, hopefully if we get this right more often than not, because we’re taking these same trades ourself, you will make money. Number one. The other thing, of course, is, is to train your eye in real time. This is what we are taking and why we’re not hand-picking cherry picking the best trades and showing you just the really good ones and ignoring all the poor ones. We’re not doing that because of course we’re putting our neck on the line every day and saying These are the trades we’re taking. And what whether they’re profitable, whether they lose, we don’t know at the time. All we can do is use our strategy and identify the setups that look good to us and take them. Now, luckily every and not luckily it’s skill, but luckily for you is that every year since 2010, when I started posting our daily trade suggestions, they have been profitable every single year. So having that information to follow, learn from on a day by day basis, to train your eye to educate yourself is crucial. Now, from our point of view, we don’t want people following what we do every single day. But when you start having that information to follow and to learn from and learn from is crucial because over time you’ll develop of a knowledge of how to do this. For yourself. But why you’re learning for the first 6 months, 12 months, I think it’s really important to be able to follow someone on a daily basis. #3 The power of community and power Number three Community. You cannot underestimate community and how important people are to us, those traders. Just look at the last few years when all around the world people were in lockdown like this crazy COVID lockdown. Look how you missed people and l

What’s Size Should Your Stop Loss Be? Podcast: Signup For my Forex Masterclass Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course #507: What’s Size Should Your Stop Loss Be? In this video: 00:23 – How many pips should you risk per trade? 01:03 – Why pips are irrelavent 01:47 – What does a 20 pip stop loss mean? 02:14 – Where you should place your stop loss 03:34 – Win a place on our coaching course 04:17 – Where to find a good broker What size stop loss should you set and how many pips should you risk on every trade? Let’s talk about that and more right now. Hey there traders Andrew Mitchem here The Forex Trading Coach with video and podcast number 507. How many pips should you risk per trade? I want to talk about how big your stop loss should be. How many pips should you be risking on every trade you see? It’s something that I get asked by non clients all of the time. And it’s really interesting because unfortunately most people out there set a certain amount of pips for their stop loss on all of their traits. And to me it’s the completely wrong way of trading and you know, it’s the wrong way of trading because if most people are doing that and you also know that most people losing money, there’s kind of a correlation there isn’t there. You see it makes no sense at all. I’ll let you know why. Why pips are irrelavent Well, how can you have a set amount of pips as a stop loss on a trade? It has no relevance to that trade whatsoever and it has no relevance to the currency pair your trading. It has no relevance to the timeframe chart. It has no relevance to the movement in the market at the time, and none of it makes sense. But most people do it, and most people will say, as an example, I have a 20 pip stop loss and a 40 pip profit target. Therefore I have a 2 to 1 reward risk, which is exactly what you say you should be doing Andrew, have two, three, four to one. The problem is, is what is 20 pips really mean? Well, it means nothing. What does a 20 pip stop loss mean? You see 20 pips on a Euro/Swiss Franc is something that’s, you know, takes quite a while to move 20 pips, 20 pips on the Euro/New Zealand dollar and it can do that within seconds. And so people who use a set amount of pips as a stop loss are making a massive, massive mistake. So the way around it, it’s quite simple. Where you should place your stop loss We never look at how many pips our stop loss is. Our stop loss is placed at a level that’s really easy to know where to place stop loss, but it’s relevant for that particular trade, It’s relevant for the current market conditions, it’s relevant for the pair you’re trading, it’s relevant for the timeframe chart you are trading and the movement in the market at that time. And so it’s all relative to what’s really happening. And all we do is we adjust our lot size to allow for size of that stop loss. So you put your stop loss at a level that safe for the trade and you then make an adjustment in your lot size. You see every pair or most pairs have different payouts per pip depending on what the currency pair is and also what your own trading account is denominated in. So you’ve really got to understand your lot size and get your lot size according to your risk and the stop loss size of that particular trade. So we can massively help you with that and that will help completely change your trading around and probably mean you’re going to get stopped out of trades far less often because you’re putting the stop loss where it needs to be on that trade for a reason. A couple more things I want to cover with you. Win a place on our coaching course You have two chances This week is the end of this offer with the prop firm that we have joined with. Called FX2Funding. We’re giving away two places on our full coaching course free of charge as part of their offer that they are running right now. To find out more, I’ll put a link on this video podcast for you to go to the FX2Funding site, register there and you can win lots of other goodies that they’re giving away. And included in that giveaway are two full course to full course memberships to the Forex Trading Coach membership. So that’s a really valuable giveaway there that they’re doing. Where to find a good broker And lastly, brokers, if you’re out there looking for a good broker, I can highly recommend blueberry markets, their based over in Australia and the great bunch of people, great platform, incredible customer service. Absolutely credible, top notch. You will not find better customer service out there. They have the MT4/MT5 platform. Lots of markets, instruments, forex and non-forex markets available to trade. So I’ll put a link to blueberry markets here. I’ll put a link to the FX2Funding website as well and make sure that you

What’s the Best Trading Session? Podcast: Signup For my Forex Masterclass Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course #506: What’s the Best Trading Session? In this video: 00:38 – Which is the best trading session? 01:37 – We look at the close of a candle 02:18 – We use Limit Orders 03:30 – Trading is about picking quality setups 04:20 – Trade through Blueberry What’s the best trading session that you should be at your computer? It’s a question that a lot of people ask, and I’ve got a real simple answer for you. So let’s get into that and more. Right now. Hey, there trader! Andrew Mitchem here at the Forex Trading Coach with video on podcast number 506. Wanted to come outside a glorious afternoon. We are just a handful of days away from the shortest day of the year and we’re getting weather like this. So you’ve got to take advantage of being outside and enjoying some good vitamin D from the sun. Which is the best trading session? So trading sessions, actually the Sun relates to this quite a lot because I’ve just been on a Zoom call with a guy over in Oregon, over in the US, on the West coast of Oregon, West Coast to the US. And he said to me, Hey Andrew, I’m always concerned about when to trade the sessions because for him the US session, because he’s on the West Coast and like, you know, the morning session opens in New York time on the East Coast. You know, it’s quite a considerable timezone difference there. And he said to me I can’t trade the US morning session even though he’s in the same country, because, you know, it means getting up at like 3:00-4:00 in the morning and it’s just not practical. Likewise, he cannot trade the European session because that’s like 11, 12, you know, midnight, 1:00 in the morning, depending on time of year for him. So he said, well, what do I do? Because it’s always something that’s concerned him. And I said, Look, fantastic question, really good answer for you and you got to love it. The fact is, I won’t tell you his name, but I said, We look at the close of a candle Look, the fact is you don’t need to worry about sessions when you trade the way that we trade because we look at the close of a candle. It doesn’t matter to me what the time of the day is. It doesn’t matter what the session we might be in or leading up to. It really does not matter. You look at the close of a candle and you see the trade. Take the trade from there. So, you know, first of all, when to go and look at a charts because it’s at the close of that candle. But I like I said to him, the thing is, if you look at the 5 p.m. New York Close of Day charts and for him that might be like 2:00 in the afternoon and I’m at work and you know, I can’t trade then could have been an answer. You know, he could have said. We use Limit Orders And my reply was, well, it doesn’t matter again because we use limit orders to place our trades. So if you don’t place, you trade two, five, six, 7:00 in the evening for him, which is, you know, like sort of three, four, five, 6 hours after the close of day 5 p.m. New York time. It doesn’t matter because at that time of the day, very little happens anyway. Would end of the US session time, you know, the start of New Zealand, Australia and into the Asian session. Nothing happens on most days, so it really doesn’t matter if you’re not there at that exact time. So in other words, it doesn’t matter where you live in the world. Don’t worry about sessions. Trade the close of a candle, use limit orders and you’ll enjoy trading much, much more. You don’t need to be setting your alarm clock that I used to do it years ago. When I started. I used to think I used to need to be up for the US session and it was like, you know, it’s 1:00 in the morning or something and it’s like crazy. You can do it for a week or two, but you’re not going to do it consistently. And ultimately it matters not one bit once you know what you’re doing. So I completely changed my trading around, made it far more enjoyable for me. I can go out and do things like this, get outside in the sun, enjoy, you know, enjoy doing other things than sitting, watching charts all day. Trading is about picking quality setups And trading is about quality. It’s about getting the quality of your trades, your consistency of your trades, and the consistency of the trade setups. Another example which I shared with the same guy today, I said, Look, we post our daily trades every single day, which we do and we’ve done since 2010, and today there were none. And it’s like, well, there were no specific daily chart trades for today. Therefore, don’t force trades, don’t take any. I’m sure they’ll be some other shorter timeframe chart setting u

How to Avoid Spending Hours Watching the Charts? Podcast: Signup For my Forex Masterclass Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course #505: How to Avoid Spending Hours Watching the Charts? In this video: 00:33 – I’m going to save you a lot of time 01:49 – Don’t know when to look at your charts? 02:05 – The fix 02:35 – The Weekly charts 04:12 – Pick the times to look that suits you 05:45 – Trade through Blueberry Markets Today, I’m going to show you how you can avoid spending far too much time glued to your chart, sitting at a computer and not making any money. Does that sound good? Well, it should do, because with this one simple trading tip and technique, I’m going to change all that for you. Let’s get into it right now. Hey, the traders, Andrew Mitchem here at the Forex Trading Coach with video on podcast number 505. I’m going to save you a lot of time And that’s right. I’m going to today save you a lot of time. I’m going to save you a lot of mixed emotions and probably make you a lot of money as a result. So it should sound pretty good to you. Unfortunately, most people out there, most people watching this, most people listening to this will be spending far too much time sitting at their charts watching every pip movement up and down, scared to leave their charts, forcing trades, getting emotionally involved in their trading. And as a result of that, you’re not doing yourself any good. You’re not making any money, not doing your health any good, and you’re wasting too much time. Look, I know I used to do it myself long time ago when I started trading, and it’s a very easy trap to fall into. And it doesn’t do you any good. It doesn’t make your longevity as a trader any good because you’re forced to sit there hour upon hour because you’re scared about moving missing a move. It also means if you’re in a trade, you tend to find that you forced yourself into trade. And if you’re in a trade, you tend to jump out early because you see the trade moving in your direction. Then it pulls back. And I should just take it now because something’s better than nothing, right? And it’s an issue that so many people face. I’m going to save you a lot of time It also means that they don’t know when to look at their charts. And that confusion and from looking at maybe like, can I say, a 15 minute chart saying the market’s moving up and our chart says it’s moving down a daily moving up and you get this complete mix going on and you don’t know what to do. The fix So a very, very easy way of avoiding all that is only look for a new potential trade set up upon the close of a candle. And what does that mean? Well, the forex market opens at 5 p.m. Eastern Standard Time. That’s New York time every day. That’s when the new day starts. So the market opens 5 p.m. on the Sunday New York time and it closes 5 p.m. on a Friday New York time. The Weekly charts So at the beginning of each week, just once a week, you could look, let’s say at the weekly charts, you know, when they open, they open the beginning of each week. They’re not going to change throughout the week or the previous weeks. Information is going to change once the weeks close. You look at the weekly chart, you can make your analysis exactly the same on a daily chart. You know, when the daily chart opens, it’s 5 p.m. New York time. At that time, the previous day’s candle is complete. You can make your analysis. So if you traded just once a day on the daily charts, you can do very, very well. Also, you could then say let’s go something slightly shorter. You could look at the 12 hour charts. Now conveniently, they also open at 5 p.m. New York time and of course, 12 hours later will be 5 a.m. New York time. So if you wanted to look at the 12 hour charts, you could look just twice a day. And that will give you a lot of trading opportunities within a day. Of course, you could go down to an eight hour chance, which of course three, eight, 24, 24 hours and a day. They open three times a day for sorry, six hour charts, four times a day, four hour chart, six times a day. You know, it’s very, very easy to know when to look at a chart. So base the start of the day off 5 p.m. New York time. If you wanted to look at the next four hour chart, don’t even bother between 5 and 9 p.m. New York time because the candle hasn’t closed. At 9 p.m New York time, the next four hour candle will close. Everything’s set. Doesn’t matter what levels you use and what indicators you use. Nothing’s moving from that previous four hour candle. Pick the times to look that suits you So if nothing else, pick the timeframe charts that you like. The look of all the times of day when you can have a look, know what that is in your local time and look at your

Do You Lack a Clear Trading Strategy? Podcast: Signup For my Forex Masterclass Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course #504: Do You Lack a Clear Trading Strategy? In this video: 00:26 – You know the stats – Most people lose 01:45 – Spreads will affect Sell trades 03:12 – We’re here to help and make this work for you 04:05 – Trades taken on a live webinar 04:56 – Clients from 103 Countries 05:06 – Profitable trades posted on the Forum site 05:59 – Trade through Blueberry Markets Most people lack a clear trading strategy and it means they’re never going to make money out of the forex market. So let’s see how we can help you. Let’s talk about that and more right now. Hey there, Traders! This is Andrew Mitchem here, the owner of the Forex Trading Coach with video on podcast number 504. You know the stats – Most people lose Now you’ve all heard the stats. 90 to 95% of traders out there lose money. And it’s a well-known fact. And you can see why it’s true. And as you can imagine, I get a huge amount of emails and I have quite a number of calls each week with people out there who are looking for help. And the same pattern comes through time after time after time. The people are out there trading. They are putting real money into this. They think they can get onto prop firms early. They see it as a way out, maybe financially. But the issue is, is that almost all of the people I speak to have no idea what they’re doing. They don’t have a clear strategy. They’re swapping and changing systems. They understand the market well enough. They don’t understand risk. They don’t know how to calculate lot size, they don’t know what timeframe charts to look at. They don’t know when to trade. They don’t really know their strategy in terms of like why they’re placing a trade, where to put a stop loss, Why is this a good trade, yes or no? And then of course, things don’t works. They go and try and create something else or go to the next thing that they find on some forum somewhere. And that whole lack of consistency, that lack of understanding in the market. Spreads will affect Sell trades Like I do know that if you take sell trades on especially pairs, that spreads widen like the exotic pairs, let’s say at the close of a day, a sell trade can get you wiped out for your stop loss because of a massive widening and spread. But that won’t happen on a by trade, you know, do know things like that. Do you know when the close of the day even is do you know how important 5 p.m. New York time is all these types of things. And so do you know how to calculate your risk? You know that Pips are completely irrelevant. Do you know that? Do you know that in some ways having a very, very high win rate is completely irrelevant, You know, all these type of things. So a lack of understanding is what I’m seeing out there all the time. And it’s quite concerning because all people are doing is basically jumping into trading and placing some trades. They might get lucky on a few trades and then of course the inevitable happens and it goes wrong and they lose their money or they jump on a prop firm way too early without knowing what they’re doing. They have not proven to themselves that they could trade on a demo, even let alone a small live personal account. But they’re quite happy to go and throw money into a prop firm because they see that is the easy way out. And the danger there is that you become disillusioned. You don’t have confidence in yourself. You think systems rigged, you think the brokers rigging it, you know, whatever it might be. And it all, you know, it all goes wrong. You give up and, you know, you move on to the next thing. We’re here to help and make this work for you And we’re here to make things different for people. Our aim is to have quality, consistent traders, independent traders. I had that question last week. Hey, Andrew, if I join you and all I’m doing is just copying what you’re doing, how am I going to learn? That’s not the reason. That’s not what we do or why we do what we do. As a coach, our aim is to help you along. We’re taking these trades anyway. Yes, it’s great to copy them every day we post daily trades. I’ve only taken one today because that’s what the market showing me. On Wednesday I took four trades, you know, because that’s what the market showing you. So, yes, we’re taking these trades for you to earn from, definitely. But more importantly, to learn from. To learn why we’re taking the trades in real time for you to be able to do that, to train your eye, to have confidence in the logic and the strategy that we teach. Trades taken on a live webinar Just last night my time, I took a live webinar which we do each week for our clients. On that session

Trading – Does FEAR Prevent You from Being Profitable? Podcast: Signup For my Forex Masterclass Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course #503: Trading – Does FEAR Prevent You from Being Profitable? In this video: 00:32 – I’m not sure if I can trade 01:05 – Fear is not real 02:03 – Government control 02:37 – My personal experiences and fears 04:33 – Everyone starts trading at the same place 05:37 – Just do it 06:06 – Check out my new Masterclass Trading. Can I do this? Or is my fear taking over and preventing me from wanting to even start? Let’s talk about that and more right now. Hey, the traders, Andrew Mitchem here at the Forex Trading Coach with video and podcast number 503. Just wanted to come outside. Another beautiful day here to make this video because. I’m not sure if I can trade I get a few emails from people saying, look, I’m not sure if I can really do this or can I talk to someone because I want to see if I’m right for this. And the issue there is that people just get, I suppose, caught up in fear or the fear of not making it work, the fear of even getting started, the fear of is this too difficult? Is it something I’m going to understand? Am I clever enough for this? Whatever the fears might be, I’m not very good at numbers, you know, all those type of things. And I get that. Fear is not real But also I suppose from a mindset point of view, fear is something that’s just not really there, is it? Something that we all as individuals have this issue with because just think of, for example, the fear of flying. It’s not really anything physical. It’s just our heads telling us, you know, when people have that fear. And as a pilot myself, I find that really strange. Although I understand it, I find it really strange when I take people for a flying helicopter. People go, I’m terrified of flying. It’s like, Well, don’t you think that I want to do this and get home and do it properly and safely as well, You know? And so it’s a very strange sort of fear there. And when you think about commercial planes, etc., is probably the safest form of transport there is. Yet so many people have a fear that yet they’re quite happy to sit in a car and go on the road where there’s accidents all over the place, you know. So it’s just that mental side of things that people have an issue with. Government control Fear is all, you know, it’s all right. And it’s just look at the way that the governments around the world for the last three years of have reacted and acted. It’s all about control and fear that’s made people, you know, sort of scared. Trading is no different. You know, it’s all about understanding emotions and controlling emotions. So can you do this? Is it too hard? I want to talk to someone first. I’m not sure all those fearful things are just you having a new experience or scared of a new experience. My personal experiences and fears And from a personal point of view, I get that. You know, the man, when I was making this video, I was putting together some notes and I was thinking, well, from a personal point of view, I left the other side of the world. I left a family farm that had been in the farm for generations, 25 years ago, came to New Zealand, flew to the other side of the world. I mean, what a fearful experience that was. I can tell you I didn’t know anybody here. I met my boss once for an afternoon about eight months prior. I didn’t know a single other person here, you know, back in the days before Internet as well, and cell phones. So, you know, that was pretty fearful, leaving my only job that I’d ever had and paid employment for a couple of years, few years, and then going to take on huge debt to go and buy my own farm that was fearful when I sold the farm. And what was I going to do next that was fearful, getting into trading? Well, going round in circles for four years, you know, and and fear of not making it work as well. That was fearful. All sorts of things. You know, I got into karate that was fearful because I was very uncoordinated. And so, you know, ended up teaching it for years and loved it learning to fly helicopter. I’ve I don’t know anybody that flies prior to learning. So I can tell you that was pretty fearful. But, you know, I did it and I love it. And then moving to the South Island here in Nelson, you know, leaving 20 sort of to 23 years of sort of connections and friends not leaving, but, you know, moving away from to move to the South Island. That was pretty fearful. More recently, I’ve started to learn to play the guitar and I’ve never done anything like that and performed on stage. And about a month ago I performed on stage for the first time. That was pretty fearful. So it’s almost like you’ve just got to go and do these things. If it’s

Celebrating 14 Years of Helping Traders Worldwide Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Signup For my 14th Birthday Sale #502: Celebrating 14 Years of Helping Traders Worldwide In this video: 00:39 – We turn 14 years old at TFTC 01:31 – The strategy has never changed 02:27 – Our amazing trading community 02:50 – Your chance to join us this week 03:58 – Blueberry Markets We’re celebrating 14 years here at the Forex Trading Coach, and we’re going to give you an absolutely amazing opportunity to come and join us at a crazy low price for three days for this week only. Let’s get into that and more run that. Hey, the traders, Andrew Mitchem here, the Forex Trading Coach for a video and podcast number 502. Just come outside today and you can see in here behind me the first snow of the year on the mountains behind. And what better way to come out in the fresh air, in the sunshine and talk about trading. We turn 14 years old at TFTC So we turn 14 years old at the Forex Trading Coach this week. When you get to watch this video, something we’re incredibly proud of. I’ve just had personally my 50th last week as well, 50th birthday and 14 years of coaching. So a big time for celebration. So look, we’re incredibly proud of what we’ve achieved over the last 14 years with our community of help. So many people worldwide. To achieve financial freedom and success and basically change lives for people. So many people have joined us that are being completely and utterly frustrated with their trading and not making money. And we’ve been able to help change things around for them. And likewise, we’ve had people never traded ever in their life. And the good thing is, from their point of view is they get to learn a system straight up with with no bad preconceived ideas. So it doesn’t really matter where you are in the journey or in the spectrum that we can certainly help you. The strategy has never changed The other thing to let you know, over the last 14 years, like obviously things change and things have got better and better in terms of improvement. The delivery of how we provide the course. But the strategy has never, ever changed. And I could go back 14 years and look at webinars that I started. Back then 2009 – 2010 and the strategy, the trades I’d taken back then would be identical to the trades taken just today. So that’s a huge credit for the strategy and the course because it works across all markets, all time frame charts and that new market such as like the indices, cryptos, commodities, etc., like that as well. And the good thing is they never change because it’s based on sound logical principles of price action. And so therefore, if the market is showing the quality set up, if you take the trades, if they setups are not there, you don’t take the trades as simple as that really. Our amazing trading community But look, over these years we’ve just built up a fantastic community of go ahead, like minded progressive people all trading that one strategy and the community is a massive part of what we have. Through our forum sites, through our Daily trades, through our live webinars, everybody looking at the same charts at the same time because we all use our MT4/MT5 indicators and templates. Your chance to join us this week But if you not a client right now, this week is going to be your best opportunity. We are only holding one sale this year and it’s going to be right now between Tuesday and Thursday. We’re going to give you the option to join us for crazy low price. There’s also going to be a split payment option as well. To find out more, click on the link that I’ll put on this video and podcast and it will take you through your page where you can find out the price, how you can join, what dates it’s on, etc. and take advantage of that. Look, if you want to change your trading around and become finally a successful, independent, profitable trader, we’re teaching the person to fish. Yes, we provide you with the fish to help you to learn and earn. But ultimately, as I as a coach, our job is to get you to be able to do this for yourself with our help along the way. And that’s what we do. That’s what we’ve done for 14 years. That’s why we have so many successful, happy people and so many stories of just helping so many people to jump on board. As I mentioned, click on here for three days only. There will not be another sale this year. A massive opportunity to save 67% on the main joining fee. And come on board with us right now. Blueberry Markets Last thing in terms of brokers blueberry markets is just fantastic people. They are a great bunch of people. I have so much respect for what they do and who they have their efficiency, their quality of their customer service. Whenever I hear from clients who h

Learn How to Pass a Prop Firm Challenge Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Join my Forex Training Masterclass #501: Learn How to Pass a Prop Firm Challenge In this video: 00:28 – Lacking the capital to make a good income? 01:25 – Prop firms to the rescue 01:52 – Make sure you are profitable first 03:33 – How much to risk per trade? 05:19 – High Reward:Risk Trades 06:15 – View my new on-demand masterclass 06:54 – Take a look at Blueberry Markets Prop firms. They’re a great way to make a substantial income through trading in the Forex market. But how do you pass their Challenges successfully and consistently? Let’s talk about that and more right now. Hey there, Forex traders! Andrew Mitchem here, the owner of the Forex Trading Coach with video and podcast number 501. Lacking the capital to make a good income? Now, traditionally people have always had an issue when it comes to trading and the feeling that they cannot make a substantial income out of their trading. And it’s a question that I’ve been, you know, sort of presented with for years and years and people go. Look, Andrew, love to do your course, but I’ve got $10,000. I spent a couple thousand dollars on your course. I don’t really have enough money. Even if I can make 50% in a year, you know, to actually make something substantial out of my trading account. And it’s understandable. And my answer has always been, well, that’s fine. And I know it’s easy for me to say, but you’ve got to learn to trade properly first, learn how to first still doesn’t actually solve the issue for the individual. And, you know, in the past, people were able to do things like maybe trade funds for other people or sell signals and things like that, but it’s always been a little bit difficult. Prop firms to the rescue However, over the last few years, you’d have noticed we’ve got a massive influx of prop firms and like everything in the Forex market and everything online, there’s good in this. Maybe not so good. You have to do your research to find out what you consider to be a good prop firm. But my job as an educator and as someone who provides a forex strategy is to give you some tips and information of how you can best passed those firm challenges. Make sure you are profitable first So the first thing you need to do before you even get to that stage of thinking about a prop firm is make sure that you are consistently profitable yourself. If you’re learning a new strategy, like if you’re coming to us and it doesn’t matter how big your account is, how long you’ve been trading, I always say to people, get onto a live demo account and a small live demo account of that and make sure you’re profitable on that first. The reason is then you gain confidence in yourself and the strategy and the group of people like us that you’ve joined, etc. You’ve got to gain confidence in doing this properly first, then move on to your own personal live account. Doesn’t has to be big. It doesn’t really matter what size it is, but the ability to be successful and consistent on a live account with low drawdown. Really important point there. because when you move to a prop firm, you’re then got confidence in yourself. You’ve got confidence in your strategy and your ability. The reason I mention low drawdown is because ultimately when you go to a prop firm, you have to make sure you’re preserving their capital. That’s why they have those rules in place. Most of them have like about a 5% maximum drawdown, and rightly so. This is their capital that, you know, even if you passed a few demo challenges and you want to real money, this is their capital. They’re risking this for you to trade it. If you don’t know what you’re doing and you’re out there risking 3%-5% to trade, you don’t last long. You’re just going to keep paying them. Lots of small subscriptions. But if you’re there to do this properly, you have to ensure that all your trades are very low risk. How much to risk per trade? In my normal day to day trading, I recommend a half of 1% on prop firms. I’d probably go lower. I’d be looking at something like a 0.25%, a quarter of 1% risk. I’m not saying that’s the actual figure you should do, but I’m saying something like that is a really smart idea because when you think about it, if you have a 5% maximum drawdown and it’s going to take you for losing trades to get to 1%, four times five is 20, you have to have 20 losing trades all in a row at quarter of 1% to fail that challenge. Now, sure, it may take longer to get to the profit target and it’s important that you choose a prop firm who do not have a limit on or a maximum number of days that you have. I don’t think that&#821

Lessons from my 20 years as a Forex Trader Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Join my Forex Training Masterclass #500: Lessons from my 20 years as a Forex Trader In this video: 00:20 – How my 20 years of trading knowledge can help you 00:47 – Trading is hard work 02:40 – You are in a fortunate position today 03:33 – Our commitment to quality 05:22 – Get the basics right first 06:42 – View my new on-demand masterclass 07:07 – Take a look at Blueberry Markets I want to help you by explaining some of the things that I found out in the last 20 years as a full time forex trader. Let’s talk about that and more right now. Hey, the traders, Andrew Mitchem here at the Forex Trading Coach with video and podcast number 500. How my 20 years of trading knowledge can help you So big celebration today, something we are really proud of. And I’d like just to come out so I this you can see here nice sort of autumn day here in Nelson and wanted to explain what I’ve learned so I can pass the information on to you and help you to become a better trader by shortcutting the learning process for you. Trading is hard work So first of all, let’s just be real about this. Good trading is hard. It takes time, it takes dedication, it takes commitment. If you’re the sort of person that is lazy or you think it’s just going to suddenly, roll off and make you a multi-millionaire by next month, it’s not for you, or certainly we’re not for you. You’re probably wasting your time. In all honesty, you have to be real about this. And so I think that is one of the things that I find, especially with coaching, you know, from time to time and it’s probably on a daily basis, people will come to me and say, Andrew, how much can I make from this? Or I don’t like my job, I want to replace it with trading. Now there’s a few things there. If you want to put some effort, time, commitment, financial commitment, your own time, commitment, a bit of hard work. Yes, it can work. And yes, you can replace your your income with it. Lost of ways you can do that? Like prop firms, etc. like that. But you still have to start small. You have to learn to walk before you can run. All those kind of phrases are so, so true and trading. And over the last 20 years, I think that’s probably one of the biggest things that I find because online obviously there’s a lot of makes it look easy things, a lot of, you know, YouTube videos everywhere. Everybody’s got an opinion or a method that, you know, it’s going to make you a multimillionaire next week. They’re driving around in this red flash Ferrari and things like that. Laptops and pretty women sat next them. Look, they’re all hired. They’re not real, they’re staged. When I fly around in my helicopter and show you that’s me flying in my own helicopter. I’ve done that through hard work trading and hard work to learn how to do that and hard work to be able to afford, how to do that. So it’s real. It’s taken 20 years, you know, it’s not something I started, and within a month I was suddenly owning a helicopter. So get it real and realize that I have gray hair and it takes time. And that’s what you have to accept. You are in a fortunate position today But you are in a fortunate position because, you see, when I started, we are on dial up Internet. Things were very different. Not a lot of information out there. I had a one gigabyte plan when I started trading on dial up. First of all, I had to get the Internet to work and actually stay stable and then one gigabyte plan, which my mates were absolutely amazed at, that I had a one gigabyte per month Internet plan. It was huge. And then I remember we went to 10 Gig and everybody was just blown away that I would have such a massive amount of Internet per month. And of course things have changed as everything does. Technology changes everything. It gets better, improves, hopefully. So, you know, you got no excuse today in terms of like cheap laptops, cheap Internet, reliable go anywhere in the world pretty much. And you’ve got Internet. So you have that in your favor today, which of course we did not have. Our commitment to quality The downside is, of course, there’s more scams and more things out there. I suppose we still had them back then, but less of them. So, you know, there’s pros and cons of everything. But the good thing is, you know what I’m proud of? Of what we’ve done is we have that commitment, that achievement, that consistency, that showing up. Just last night I held a live webinar for my clients. I’ve done that every two weeks for my clients since 2010. The alternate weeks a US session which Paul Tillman holds for me, we are consistent, we show up. We do that every day. I’ve just literally before I’ve started this video made a

Why Schools Will Never Teach Trading Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Join my Forex Training Masterclass #499: Why Schools Will Never Teach Trading In this video: 00:29 – #1 Learning how to trade is not taught in schools 03:25 – There’s no better time to learn than right now 03:52 – #2 Our new on-demand Masterclass 04:33 – #3 Blueberry Markets 04:55 – Next week is video #500 05:14 – Share, Like & Subscribe Learning how to trade or even why you should look at learning how to trade is something that will never be taught in schools, colleges, or universities. Let’s talk about that and more right now . Hey there, Traders!. It’s Andrew Mitchem here at The Forex Trading Coach. With video and podcast number 499. We’ve got three important things to discuss. #1 Learning how to trade is not taught in schools The first is, I believe that learning how to trade or why you should even think about learning how to trade is something you’ll never find in schools or university. It doesn’t matter where you live in the world. Why? Well, it’s because it’s different. It’s because schools are generally set up to teach you how to go and learn a skill to be able to go and work. And generally that means you’re out there learning and, you know, to work for someone for generally X number of dollars or pounds or euros or yens per hour. It’s creating something for the masses to go out there, learn a skill that is your job for life and you go to work, you earn your money, you come home. And it’s something that sadly the education system is set up for. And although there are some schools that are good, there are universities that are good, there are good teachers, but the vast majority of teachers there do not have the skills themselves to think about something different, to think outside the box, to think outside the curriculum, to be entrepreneurs, to look at things like trading. Because that’s not the sort of person they are. That’s why they are teacher, That’s why they teach history or English or Maths or Geography, whatever it might be or very, very important skills. And I can assure you I’m not knocking them, but what I’m saying is that in general, in my experience and don’t forget I’ve had five kids that I find that schools are just very stuck in their ways of getting enough people through the system, ticking enough boxes, the teachers just getting by, getting enough kids through. You generally find that most kids are really, really good. Get bored at school because the teacher spends all their time worrying about the kids who are not good at school and getting them up through enough to get the teachers a pass mark and make the school of good. That’s the general way of how it works and looking at things like online businesses, it’s really strange because when you consider that, you know, there are so many online businesses now and entrepreneurship and things like that, we don’t get taught that. And there’s so many basic money skills in life. I had to open a bank account, what’s a mortgage? All those things that most schools and most kids are leaving school, getting into adult life do not know. And so trading is one of those things. And again, it comes back to it’s not in the curriculum because the education system probably doesn’t understand or doesn’t want you doing it. The teachers, most of them, certainly don’t understand it anyway. Big problem, as you can see. So that’s why I think that education in trading and learning how to trade and why potentially you should look at learning how to trade is such a flaw in the education system and that’s why something like ourselves here at the Forex Trading Coach can offer you something that you’re probably not going to find in many places out there. There’s no better time to learn than right now If you are young, there’s no better chance and time to get into it than right now. Learn how to do this. And naturally probably going to be really good and better than older people on computers and the internet and things like that. So take your time, learn how to do this properly and get yourself a good passive income or even a full time career through prop firms and things like that of learning how to trade and doing this properly because it’s perfectly doable. #2 Our new on-demand Masterclass The second thing that I want to talk about is our new On-Demand webinar that we have now live on our membership site, on our on our website. I should say. Go have a look on our website and I’ll put a link to it here. You can watch it. It’s just over an hour long, contains lots of really good forex information for you to give you an understanding of what Forex, what we offer, what we do, how you can learn the things that we the tips a

Why Trading for 30 Minutes a Day is Better than Trading for 8 Hours a Day Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Join my Forex Training Masterclass #498: Why Trading for 30 Minutes a Day is Better than Trading for 8 Hours a Day In this video: 00:28 – Less is More 00:53 – FOMO – Fear Of Missing Out 02:05 – Trade for enjoyment 03:03 – Trade examples from this week 04:38 – Our NEW on-demand Masterclass 05:20 – Blueberry Markets I’m going to explain why trading and looking at your charts for 30 minutes a day is so much better than trading and looking at your charts for 8 hours a day. Let’s get into that more right now. Hey there, Forex Traders! Andrew Mitchem here at the Forex Trading Coach with video and podcast number 498. Less is More I want to talk about something that might seem so obvious, but unfortunately most people don’t do it. And that is why trading 30 minutes at a maximum is so much better than staring at your charts and being glued to the screen for 8 hours or more day. Well, as I mentioned, it seems so obvious, doesn’t it? What are the benefits? Well, they’re endless. But why is it that so few people do that? FOMO – Fear Of Missing Out So it probably comes down to when you start trading, you think that you need to do more and more and you need to be glued to the charts all day and all night. You just can’t get away from it. You’re watching every pip movement up and down your flicking between different charts, different timeframes, different currency pairs, different markets, and you then think that you need to get into trading different sessions and you need to be there at the beginning of the European session. You need to trade during the US session. We need to trade all the news announcements, the Red high impact news announcements. So that you see on Forex Factory. You think you need to trade those as well. You’ve been told that the main price action happens when Europe’s open and America is open. So you have to trade then. And I know exactly what it’s like because years ago when I started trading, I knew exactly the same. I was trading those sessions, which is night time. My time I was trading news announcements and setting my clock on my watch all the time to be there 5 minutes before those major news announcements in then. All through the night. And trying to do that with five young kids as well is a bit of a nightmare to be honest. And I’m glad it didn’t last for too long before I finally figured out that it wasn’t a good idea. Trade for enjoyment So to trade properly, to trade with enjoyment and I’ve been doing this for 18 years now and teaching for 14 years, so I can tell you with some knowledge, some experience of what works and what does not work. And I can tell you that if you can trade properly with looking at a chance a few times a day, 15 to 30 minutes a day, it’s enjoyable because it’s real, it provides longevity and it provides enjoyment in what you’re doing. It doesn’t burn you, it doesn’t stress you out. You can carry on doing what you’re doing. You can carry on with family life, other jobs, whatever it is that you’re doing, you can trade on prop firms. You don’t need to be spending all day and night doing it and you can copy across from a main account to prop firm account. So just because you think I’m doing this for not much time in the day doesn’t mean to say that it’s wrong or it’s lazy or anything like that is absolute complete opposite. It’s what makes trading real and enjoyable and profitable. Trade examples from this week To give you some examples from three trades that I took this week, we started off trading this week after the Easter break on Wednesday and on Wednesday I posted three trades off the daily charts based off the daily charts for our clients. It was a sell trade on the USD/CAD, buy trade on the EUR/USD and a buy trade on the EUR/HKD. All three were profitable and so the results of that were the USD/CAD made a 1.8 to 1 reward to risk. We also did have one position stopped out as well. So that was a 50/50 there one profitable one not. The EUR/USD made a 3.9 to 1 reward risk. The EUR/HKD made a 3.6 to 1. Put those together I made from those three trades, including the one loss on the USD/CAD and one gain. I made just over a 2% gain on those three trades, which literally took my clients less than 5 minutes to identify and to place. So “Less is More”. 2% gain, real low risk per trade. You don’t need to be sitting there watching every pip moving going up and down driving yourself mad because it’s just not real. It’s just not enjoyable. So make sure that you have a strategy that uses close of candles and probably also the longer timeframe charts. It’s going to make your trading much more profitable, much more r

What Makes a Good Forex Trader? Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Join my webinar for new traders Join my webinar for the more experienced trader #497: What Makes a Good Forex Trader? In this video: 00:23 – Pre-flight completed and ready to fly 00:53 – Hard work and dedication needed 01:45 – Learning to fly is hard, but incredibly rewarding 02:09 – The best student ever 03:40 – Getting yourself trained 04:35 – The TFTC Coaching Course What makes a good forex trader? What characteristics do they have that you could learn from? So you two can become a good trader. Let’s talk about that more right now. Hey, the traders Andrew here at the Forex Trading Coach video and podcast number 497. Pre-flight completed and ready to fly As you can see here, I’m out at the airport just a preflight ready to go for a flight very shortly. And what does it make this podcast and video out here? Because yesterday I was talking to Etienne Crete, who runs a really good Traders podcast. And on it We discuss what characteristics make a good trader and can someone learn those or is it just something they just happen to be born with that makes up your character? And so I said to Etienne that it’s really important that you’re quite a thorough type of person in many ways. Hard work and dedication needed And I was quite fortunate in some ways that I was born on a dairy farm where you have to go and milk cash twice a day. It doesn’t matter whether it’s Christmas, your birthday, you’re feeling ill, you know, the sun’s out, raining and snowing doesn’t matter. You have to go and do that seven days a week. You get no choice. And so being brought up on a dairy farm or anything to do with looking after animals or children and things like that when you cannot get away is a big characteristic. And I think that makes a good person who is going to be good for trading the forex market. And likewise, I’ve always done a lot of martial arts and judo and karate, and same thing with that. You’ve got to have that respect, that discipline, that hard work ethic, and you realize that it’s not as easy as it’s made out to be. But you also realize that if you do put that time and effort and dedication into things that the results are just incredible. Learning to fly is hard, but incredibly rewarding And it’s no different with this helicopter behind me here. You know, ten years ago, if you said, first of all, I own a helicopter, will even be able to think about flying it, then I thought you’d be crazy. But with some time, dedication, hard work, effort and commitment and investment, it’s happened. And here it is behind me now. The best student ever It’s it’s no different to trading the amount of people that come to me and go, I’m just going to be your best student ever. I’m going to join your course and I’m just going to be the best student ever. And they don’t join the course and they go off and do something else, you know, because there’s no real effort or commitment that and it’s incredible how often that happens, because for some people, like actually joining a course is just too hard. You know, they’ve got to learn something, get it, got to give up a bit of time to dedicate to actually making this work. Whereas everybody seems to want the quick fix and the easy answer and you know, they go to forum sites and various other video sites and just think that they’re going to find the free answer and the Holy Grail there. The bad news is you’re not. So you do have to put some effort in. Now, I’m going to see if I can move this camera around. Well, I’ll show you inside here, because, look, I’m not exactly mechanically minded, but I have to know all about this hydraulic system in here. I have to know about this turbine in here. You know, I have to know about the weather. I have to know about the law. I have to know about them. So I’m not doing a very good job of this. I have to know about all these different things here. The mechanics of flying, aerodynamics and then all that I have to do even before I get inside the machine and even like get to start it. So this there’s a whole procedure you have to go through and the whole checklist you have to go through before you start. So there’s all these things that you have to do. If you look inside here, I’m trying to see if I can show you inside the machine the amount of levers and buttons and dials and things in here. It’s it’s huge. And you know what’s going on in here. Getting yourself trained So you have to learn this properly. So to do that, you have to go and get yourself trained and know what you’re doing. Otherwise it’s complete dangerous and it’s that’s not going to happen. Trading’s exactly t

Learning to Grow as a Trader Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Join my webinar for new traders Join my webinar for the more experienced trader #496: Learning to Grow as a Trader In this video: 00:26 – Being self sufficient 00:42 – Nothing to see here 01:44 – Learning how to trade is exactly the same 02:07 – Putting in the effort reaps the reward 03:00 – Think of your trading is like growing a plant 03:16 – Get onto one of my webinars 03:38 – Choosing a broker – Blueberry Markets You need to learn to grow as a trader. It’s no different to planting your own food like I’ve just done behind me here. Let’s talk about that and more right now. Hey, the traders! Andrew here at the Forex Trading Coach with video and podcast number 496. Being self sufficient Now we like to be pretty self-sufficient here. We grow our own food. In fact, of this planted here in this brand new garden bed that I’ve just built behind here, some broccoli and some cauliflower and some garlic and some cabbages as we head into winter here. Nothing to see here Now, there’s nothing here to see. Right now, it’s just empty. You can’t hardly see the plants I put in, but that’s because it’s all new. And they need time to grow and to nurture. And we like to be self-sufficient. As I mentioned, with our own food. We like to avoid supermarkets as much as we can. We grow our own food around vegetables and fruit. We’ve got our own meat, our own fish, and yeah, we’ve got our eggs and, you know, everything you can possibly really want. And that’s our choice. But it takes some hard work and dedication. But the rewards are massive because you feel better. Everything’s home grown. You know what treatments it’s had or not. It’s there to pick in season. And although it’s hard work and it takes some dedication and you get your ups and downs, you get your failures, certainly, you know, things go wrong, the weather and whatever it might be, something eats it and you’ve got to start again. It can be frustrating. And it got me thinking when I was putting these plants in here, just that I’m going to make my weekly video and podcast on this exact topic about planting. Learning how to trade is exactly the same Because it’s no different from you learning how to trade. You know, when you start off you like this, you put all this effort in and you can’t see anything and you kind of wonder like you all that cost of building it. I’ve just put six cubic meters of soil in here. Grown the plants from seeds, put them in, and I still can’t see anything. There’s no reward there yet, you know, there’s no plant, there’s no food yet, and trading’s no different. Putting in the effort reaps the reward You’ve got to put that time in that effort, in that commitment upfront. And yes, you will get failures. There is no doubt about it. Things will go wrong, You’ll do silly things, you’ll lose money. You have great straight set ups that will lose money. And that’s just the nature of trading. But once you know what you’re doing, once you’ve had some success and some time in like the business. Like of these plants here, when they grow and I could show you trees up here of avocados and tomatoes and lemons and nut trees and figs and pumpkins growing up there and watermelon and all sorts of things and corn. How well can I see behind me here there’s cabbage, there’s lettuce, there’s quail, there’s peppers, there’s all these things I can see behind the camera here that are growing because we put the time and the effort in, you know, previously to get them to grow to that stage. Think of your trading is like growing a plant So think of me trading like growing a plant, nurture it and put some effort in, help it grow and accept there’ll be a few losses and a few failures, but accept also that once you if you stick at it, the rewards are massive. So that’s my trading and gardening analogy for today. Get onto one of my webinars If you’ve not been on my webinar, there’s two sorts of webinars that I hold and one for experienced traders and one for new traders. I’ll put a link to both here on this page so you can jump on to one of those. You only need to attend it once. Just pick the time that suits you or you can actually go and watch a recent recording as well. If you don’t want to attend one of the scheduled sessions. Choosing a broker – Blueberry Markets If you’re looking for a broker, I can highly recommend Blueberry Markets. Fantastic broker there over in Australia. Go and have a look at them. Check them out. I’ve been with them for years and years. I’ll put a link to them as well on this page, so I hope that helps. This is Andrew Mitchem here, the Forex T

How Long Does it Take to Become a Profitable Trader? Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Join my webinar for new traders Join my webinar for the more experienced trader #495: How Long Does it Take to Become a Profitable Trader? In this video: 00:28 – How long does it take to become a good trader? 00:48 – How long is a piece of string? 01:45 – Be patient for long term success 02:16 – What should you do? 03:07 – Using your demo account correctly 04:15 – The next stage to trading live and prop firms 05:19 – Choosing a broker 06:19 – Like & Subscribe How long will it take somebody to learn how to trade the forex market properly and turn into a profitable trader? It’s a question that everybody has. Let’s talk about that and more right now. Hey, forex traders! It’s Andrew Mitchem here at the Forex Trading Coach with a video and podcast number 495. How long does it take to become a good trader? And that’s right, everybody wants to know, how long is it going to take me to learn how to trade properly? How long is it going to take me to be profitable as a trader, whether I know absolutely nothing or for some people they’ve been going around in circles doing this for years. How long is it going to take me, especially if I’m starting a new strategy and a new course? Well, the answer really is, is how long is a piece of string? But what I can tell you, in other words, there is no one answer. But what I can tell you is this The more that you are patient, the more that you put your dedication and time upfront into learning, the more that you forget about making money, the better you will be long term. And what I mean by that is that so many people just charge straight in headfirst like a bull in a china shop. Just go, I want to make money or they paid for course. I want to pay off this course really quickly or they’re in debt or they’ve lost their job, whatever it might be. Everybody’s always focused on how much money they’re going to make. And when you focus on the money that you’re going to make, you’re going to do things wrong. You’re going to do silly things, you’re going to take gambles, take big risks, because all you’re doing is focusing on the outcome of the monetary side of things. Be patient for long term success What you need to do is take your time and be patient, because I can promise you, if you do that slowly, carefully, methodically, almost in a boring way, and your long term chances of being a profitable and highly skilled forex trader are massively increase. And I can tell you that because I’ve been trading the markets for nearly 20 years and I’ve been and seen it all from my own experiences and through the thousands of people that have come on board with us here at the Forex Trading Coach. What should you do? So what can you go and do? Well, first of all, if you’re learning a strategy, you’ve got to learn it properly. You’ve got to get onto demo accounts, you’ve got to make your mistakes on a demo account, whether it be a money management thing or whether it’s a partial closing thing or trading the wrong direction, whatever it might be, use the demo accounts carefully and use them to your advantage. Now, the other thing you got to be careful with a demo account is you don’t open up too big an account size, a lot brokers will give you, let’s say 50,000 or 100,000. That’s unrealistic for when you’re going to go live. So I suggest you open a demo account and try and get down to one of the smallest sizes that you can have, maybe sort of 10,000 or something like that, because then it becomes real when you go live and nothing really changes. Using your demo account correctly So once you’ve made all those silly mistakes of entering and exiting trades, you then need to use your demo as though it were real and you have to use it and carefully and properly. Don’t just think, Oh, it’s a demo account. I don’t care that trade loses or I’m leaving that trade in over the weekend. I forgot to close. It works, doesn’t matter. It’s just a demo. Don’t think that at all. You’ve got to treat it like it’s real and you then have to become consistently profitable on that demo before I suggest. Then you look at going live. When you do go live, then go to a small account. It doesn’t matter how much money you might have. You start with a small account and just carry on doing the same thing. Because when you go live, your emotions will definitely come into it, your head and your heart. Two things you have to control when you’re trading, but by that stage you should have eliminated all those silly things that you’re going to do on the platform. But now you’re focusing on the trading and being consistently profitabl

How to Calculate the Correct Lot Size Podcast: TFTC Lot Size Calculator Script Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Join my webinar for new traders Join my webinar for the more experienced trader #494: How to Calculate the Correct Lot Size In this video: 00:27 – What lot size should I use? 01:04 – Doing it all wrong 02:30 – Get a copy of my Lot Size Calculator script 04:35 – Losing trades will be equal money now 05:08 – Blueberry Markets is my broker of choice 05:50 – Future discussions Calculating the correct size for your trader is vitally important to your trading success. It can make or break you as a trader. Let’s talk about that and more right now. Hey there, traders. It’s Andrew Mitchem here at the first trading catch with video and podcast number 494. What lot size should I use? So a lesson for you for this week. I was approached by somebody via email a couple of days ago, not a client. And he said to me, Andrew, can you help me out? I’m really struggling with my trading. And he was just tearing his hair out, couldn’t really figure out what was going wrong. Yeah, low win rate and was just losing trade after trade. And I said, look and show me some of your trade results. Maybe like export your trade history through to me and I’ll take a look at it for you to see if there’s anything obvious I can see to assist you. Doing it all wrong Now the thing that stood out so obviously, and of course I didn’t know his strategy, I didn’t know why I was entering the trades or anything like that. But the obvious thing, the first thing that I looked at is that every single trade that he was taking had the same size and he was this placing 0.1 lots and he was placing on every single trade. It didn’t matter what the currency pair is, what the direction, what the stop loss size was, and or even different markets. Every single trade had the same 0.1 lot size. And I went back to him and said, here’s an obvious flaw in your trading, because have you noticed that some of your losses are enormous and some of your gains are really tiny and when you have losses, they’re all over the place. There’s, you know, some big losses. There’s smaller losses. And same with your gains. You know, you might have a profitable gain, but it’s tiny. And compared with the loss that you just take him on the last trade. And he said, oh, the reason I do that is because it’s easy. I put 0.1 lots on every trade. And I said, So what’s the reasoning? You know, apart from being easy? I said, Well, that’s all I’ve ever thought to do. And I suppose it’s easy. And when you look online, people calculate their pips and they think that they’re doing well. If they have positive pips. And he just put the same size on every single trade. Get a copy of my Lot Size Calculator script So I said to him like, here’s the first thing you can do. Go to my website and download my lot size calculator. It works on MT4 or MT5 and it’s freely available to you. And if you don’t already have it, I strongly suggest if you use the MT4 or MT5 platform, you go and download it. It’s a script and it’s been downloaded tens and tens of thousands of times over the last probably been on my site about 12 or 13 years. Now, unlike some calculators which are really slow and cumbersome to use, this is fantastic. It’s a script and all you do is drag it onto the chart that you are trading right now. So let’s say you’re trading the EUR/USD. You drag the script on. The script knows your account size, the balance. It knows that denomination of your trading account, such as if you’re trading in the USD or JPY or NZD or GBP, whatever CAD, whatever it is that your account or denomination is, it knows and all you’re doing because you’re dragging it onto the EUR/USD chart. It knows you’re trying to trade the US dollar, so therefore it knows the dollars per pip that you get paid on that particular pair in your currency of your account. So all you have to do is put it in the stop loss, stop loss in pips of that trade. It’s defaulted to half of 1% risk. But you can make that anything you like. But what you do is literally put in the stop loss press. Okay. And it will tell you the exact size that you need to place on that trade. So if that trade goes wrong with the stop loss size that you’ve just told it, it will lose the default half of 1% of your account on that trade if that trade were to go wrong. It’s so easy. It literally takes like 10 seconds, if that, to calculate it and to use it and it tells you the exact level you need. Very, very clever piece of software, highly recommended. Losing trades will be equal money now And what that would do and what I told this guy, what it will do for him, and it will mean that every single trade

Which Trading Session Should You Trade? Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Join my webinar for new traders Join my webinar for the more experienced trader #493: Which Trading Session Should You Trade? In this video: 00:25 – The best time to trade? 01:12 – Forget about the trading sessions 01:50 – Trade at the close of a candle 03:25 – I trade in 30 minutes a day of chart time 03:50 – Blueberry Markets use the correct charts 04:50 – 12 Monthly chart trades taken in March 05:28 – Like and subscribe A lot of people get confused with not knowing what trading session is best for them to trade. Let me help you with that topic right now. Hey, traders. This is Andrew Mitcham here, the owner of the Forex Trading Coach with video and podcast number 493. The best time to trade? Today I want to talk about trading sessions. When’s the best time for you to trade? Should you be trading the Asian session or the European session or the US session? And a lot of people get a lot of confusion going around that. So the issue that I see is people think that they have to be there just at the European Open because that’s when the market is most active. But then for some people they’re at work or for some people that’s at nighttime. And so they feel that there has to be output like crazy hours of the morning or night and to trade properly. Other people think that they need to be there for the US session. For me, that starts at like 2:00 in the morning. No way. I’m going to be there at 2:00 in the morning. Getting up, trading the US session. So the short answer is you don’t need to do any of that. But the issue is that so many people get confused with that. Forget about the trading sessions So the easy way around that is to forget about the trading sessions based your trading on the New York start of day charts. Now 5 p.m. New York time on a Sunday, the Forex market opens and it stays open for 24 hours until 5 p.m. New York time on a Friday. So that means at 5 p.m. New York time, every day of the week, the daily charts change over from one day to the next. At that same time, the 12 hour charts change. The eight hour charts change. So do the six hour charts and down further from there. Trade at the close of a candle And so if you look at trading based on the close of a candle, that means you can trade. Doesn’t matter where you live in the world, what your time zone is. It’s why we have clients in 101 countries around the world at the Forex Trading Coach, and nobody has any issues trading our strategy. And that’s why we’re not saying you need to be there at the beginning of Europe for the first 2 hours. That would be terrible. I could think of nothing worse than sitting glued, watching the charts, just sitting, waiting for something that might happen. The issue then becomes this You force trades or you think, Well, because I’m here right now, I have to make something happen. Say you force trades and you do silly things. If you look at your charts at the close of a candle and you don’t even need to be there at exactly that time because we trade using limit orders. So we don’t need to have to be there. But if you do look at the close of a candle, let’s say on a four hour chart or a six hour, 12 hour daily, whatever it is you’re trading. Have a look through there. Everything set. If you’re using any indicators, none of the levels are moving. They’re set because the candle has closed. And so that means that you’re not there trying to react in real time, you know, because something’s moved up or down a few pips or things like that, or you’re taking an indicator on a buy signal and then you find that 5 minutes later it then turns around and looks like it should be a sell signal and you get away from all that confusion. You get away from that confusion of like a 15 minute chart says, Buy it an hour chart says sell. You get away from all that. And it also means you trade when it suits you. I trade in 30 minutes a day of chart time I personally trade in no more than 30 minutes a day actual chart time because quite easily two or three times a day I can scan through all my charts, all the currency pairs, all the timeframes that I need to look at in that time. So if you do that, it takes you away from that mentality of feeling like you need to be there at different trading sessions. That is not a great way to trade. Blueberry Markets use the correct charts And so leading on from that, have a look. If you’re after a good broker at Blueberry Markets, Blueberry Markets are fantastic bunch of people, great brokerage, they offer MT4/MT5 charts and they do use the correct 5 p.m. New York Times start of day charts on their charts. Just be careful if you with any other broker. I mean, more and more brokers finally are working at that 5 p.m.. New York Time is

How to Pass a Prop Firm Challenge Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Join my webinar for new traders Join my webinar for the more experienced trader #492: How to Pass a Prop Firm Challenge In this video: 00:30 – Everyone wants to trade through a prop firm 01:15 – They don’t just hand out money 02:31 – You must preserve capital 03:50 – Don’t use a prop firm who insists on a time limit 04:58 – Trade a variety of markets and time frame charts 05:38 – Do not rush your trading 06:04 – Use a strategy with high reward:risk trades 07:02 – Use Blueberry Markets if you want a good broker 07:39 – Like & Subscribe and leave a comment 08:16 – Ensure you are profitable first before opening a prop firm account In this week’s video and podcast, I’m going to give you some important tips of how you can pass a firm challenge and therefore make substantial gains for yourself from the Forex market. Let’s talk about that and more right now. Hey, traders, Andrew Mitchem here, the owner of the Forex Trading Coach with video and podcast number 492. Everyone wants to trade through a prop firm So everybody’s talking prop firms right now, aren’t they? You know, it’s the big thing. It’s a way that you as a trader do not need to put large amounts of cash or capital into your own trading accounts, whether you’ve got lots of money or whether you got no money. It does not matter these days because prop firms are there to help us to gain really good incomes through trading the markets, the forex market and other markets. So what is a prop firm if you’ve not heard of a prop firm, it’s basically a firm out there online are lots of them. As always, there are a few good ones and there’s probably lots of not so good ones. So be selective. But basically it’s a firm that will allow you to trade on their capital for a profit share. They don’t just hand out money Now, of course, they’re not just going to go randomly giving out hundreds of thousands of dollars to people. They have no proof of bad. So there’s a charge to do it naturally. And also for most of them, there is a challenge to get through first on a demo account for maybe one or two challenges, depending on the level that you enter the challenge. And before you can go into real money. However, we have some traders here at the Forex Trading Coach, some of our clients who are on substantial figures of $750,000 USD and more, and they are making incredibly good income through trading the prop firms and bypassing the different challenges. So think of it, if it was your capital, what’s the most important thing you’d like to know? Well, of course you want to know. Can that trade are actual Trade. But also, are they a good trader and can they preserve my capital? That’s really what it’s about. It’s all well and good saying. “I’ve got a system with a 90% win rate or I’ve made 50% on my account last week”. But probably if you’re doing that, you’re gambling, you don’t know what you’re doing and you will almost certainly fail the prop firm challenges. So in order to pass a prop firm successfully, you need to do a number of things and I’m going to outline those for you. You must preserve capital First of all, as mentioned, preserve capital. So how do you do that? Well, you have to have low and controlled risk. You’d have heard me talk for years and years, about 14 years now, about I trade personally with no more than half of 1% risk per trade. That’s my personal level. Now, on a prop firm, you might want to go lower than that. You might want to trade, say, 0.25, a quarter of 1% risk per trade because the aim of a prop firm is not to lose their capital. Most of them have a challenge of, let’s say, making a 10% gain, and that’s all well and good. But they have a drawdown maximum, most of them around 5%. So again, preserving capital is key. So if you think of it in simple terms, let’s say you are at five sorry, half of 1% risk with a 5% maximum drawdown, you can have ten trades, all losing in a row before you get to your 5%. Now, obviously, if you go down to 0.25, you’ve got more, more and more trades that you could have in a row losing before you get to that level. And if you strategy is any good, you of course, are going to have some good profitable trades in there as well. So really low risk quarter of 1% to half of 1%, Max, is where I’d suggest you look at your risk level. Don’t use a prop firm who insists on a time limit And so to get to 10% gain a lot of the prop firms and be careful with this because a lot of prop firms put a time limit on you getting to those gains. I personally do not like that. I personally would select a prop firm who does not have a time limit on getting to that 10% gain. What you don’t want to

How to Trade Crypto’s Safely Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Join my webinar for new traders Join my webinar for the more experienced trader #491: How to Trade Crypto’s Safely In this video: 00:32 – How we made +2% on Bitcoin 00:49 – Most people are losing money buying Cryptos 01:59 – Here’s my trade on the daily chart and why 04:16 – Litecoin also hits the profit target for 1.5% gain 04:48 – Making money from crypto safely 05:50 – Consider Blueberry Markets if you’re looking for a good broker 07:03 – Get onto one of my webinars and find out about our coaching course I’m going to share with you how we trade cryptos using a very low risk safe way, and also how yesterday I made over a 2% gain on my account just trading Bitcoin on one trade. Let’s get into that and more right now. Hey there, forex traders! Andrew Mitchem here at the Forex Trading Couch with video and podcast number 491. How we made +2% on Bitcoin And I’m going to explain today on this video podcast how we trade cryptos and how just yesterday on one trade on Bitcoin, I made over a 2% gain with only a half percent risk on my account. So let’s get started. Most people are losing money buying Cryptos Well, Bitcoin, cryptos in general. Well, look, probably like yourself. I know a lot of people who have invested in them over the years and I know a lot of people, the vast majority who have either lost money or currently losing money by trading cryptos kind of more the traditional, if you could call it that on such a new market, but more the traditional approach. Now, a lot of people that I know are still massively in loss because they got into cryptos like about a year ago, so that early to mid 2022, the price had come down a bit. It was a sort of 40 odd thousand dollars for Bitcoin. And and everybody said it’s going to head up to 100,000 and beyond. So a lot of people kind of got into it. And those people have been absolutely stunning because, you know, it’s come all the way down to around that sort of 15, 16,000 level and now it’s starting to head back up again. But all of that in using the way that we trade, it’s kind of irrelevant because, of course, as traders, we can go long and short so we can buy and sell. So that becomes your first advantage. Here’s my trade on the daily chart and why But I want to give you a specific trade that I took just yesterday. So if you go and have a look at Tuesday, the 14th of February 2023, Daily Candle on Bitcoin. Have a look at that. And it was taken Wednesday the 15th and I’m recording this on Thursday the 16th. So go and have a look at the trade that we took yesterday based on the Tuesday’s close on the daily chart Bitcoin BTC/USD. Have a look at that. You will see on your charts there. That there was a perfect bounce off the swing high from the 5th of November 2022. So back on the 5th of November the market went up, it formed a high and it dropped again. The market is then gone over that level and come back to that level and then using the Tuesdays candle, which is our closed candle with the confirmation of the bullish set up. It’s come back and use that high from the 5th of November 2022 as the low of the candle that we’re looking at trading which just the 14th all February 2023. So we now have a candle pattern in the right part of the chart. Bouncing off a very strong major support or resistance now becomes support level so that we’ve got a confirmation candle with a reason to trade it. We have our trendline break and everything else that we’re looking for and we had room to move for the profit target was no obvious barrier in the way. Guess what we did? We took the trade. Guess what happened? It worked. It retraced beautifully to a retracement level. So we took two positions on the one trade. I split my risk personally. I’d go half percent maximum per trade, so went quarter percent risk at the market with a market order that made a massive 5.2 to 1 reward to risk and my retracement order filled absolutely beautifully, perfectly and quarter percent risk on there. That made a 3 to 1 reward to risk put the two together half percent total risk gave me a 4.1% sorry a 4.1 reward to risk half percent over that gives me a 2.05% account gain on just Bitcoin with a half percent risk total. Litecoin also hits the profit target for 1.5% gain We also took Litecoin LTC/USD and that’s still going really nicely. It’s almost at it’s profit target as I’m recording this right now. I that could well be another set of one and a half. It’s not quite such a high reward to risk, but it could be about another one and a half percent account gain. Let’s assume it gets there. I risk 1% total on those two trades and I’ve made a three and a half percent account gain by trading crypto. But the way that we trade the forex market. So

3 Tips to Instantly Improve Your Trading Results Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Join my webinar for new traders Join my webinar for the more experienced trader Download my MT4/MT5 Risk Calculator #490: 3 Tips to Instantly Improve Your Trading Results In this video: 00:27 – 3 Trading Tips for you 00:55 – #1 Declutter your charts 02:40 – #2 Get onto the higher time frame charts 05:25 – #3 Control your risk and drawdowns 08:05 – Let’s recap the 3 trading tips 08:23 – Join one of my free webinars I’m going to give you three trading tips which you can implement today. And these tips will massively improve your trading results. So let’s get into it right now. Hey, there traders, Andrew Mitchem here at the Forex Trading Coach with video and podcast number 490. 3 Trading Tips for you And I want to give you a three tips today, which if you implement them today in your trading, they will, without doubt, improve your trading results. And you will know if you’ve been trading for any length of time that you see out there, that 90 to 95% of all traders lose money. Why is that? Well, it’s because most people fail on these points. #1 Declutter your charts So let’s talk about point number one. So the first thing you can do to help improve your trading results is to declutter your charts. More than likely, you will have lines and indicators and dots and arrows and squiggly lines and all over charts. And the brokers are incredibly good at promoting indicators. And when you go on to most forum sites out there, they are incredibly good at giving you strategies and formulas which involve far too many indicators. And basically most indicators out there lag time and they can only draw plot something on your charts from historical data. And that’s the problem. They’re all a combination may be slightly more reactive or slightly slower, but ultimately what they do is tell you what’s already happened and just plot it on your chart in a in a nice pretty form with a few lines and dots, etc.. The problem is, is that most people get completely naturally confused and they get convinced that what those lines tell you is how you should trade. And that has a number of problems in that everybody seems to think they’re going to find the holy grail of combinations of different time settings, etc. And when this line crosses that line, then the dot appears up here. That’s how you trade in when you should trade. The problem is, is that, of course, takes away all the skill of trading. It takes away from looking at what’s happening in the market. It avoids you looking at the price and the really important that you should look at the price on the right hand side of the chart, because that’s the most important thing. It takes away you looking at currency strength and weakness. It takes away all those skills that you need to be a good trader. So the first point would be de-clutter your charts. #2 Get onto the higher time frame charts Point number two would be to get on to the longer timeframe charts. Probably you are trading too much and on too short a timeframe chart. That’s what most people do and that’s where they become. They fall into the trap of feeling that they should be trading all the time. And most people, when they start thinking, Well, if I go to the five or 15 minute time frames or dare I say the one minute time frames, I’m going to find more set ups. I’m going to make more money because I can just scalp a few pips here and there. There are multiple issues with that and I don’t know where to start. So there’s the issues of you over trade. You spend far too much time, a chart. Every trade that you make, the spread becomes a massive part of your trade. Because if you’re making like, let’s say four or five pips and the spread happens to be two pips on that trade, then you know, effectively your you made seven pips to make five or something like that where you’re making five, you’re really only making three and you’re going to get stopped out of trades all the time. So get away from those shorter timeframe charts because they will do no favors whatsoever. Get on to the longer timeframe charts. Now, really longer timeframe charts would be probably something sort of 2 hour charts, 4, 6, 8, 12 daily, weekly and even monthly. But get onto those longer timeframe charts because if you look at, let’s say the daily charts, what that means is you can look once a day. It doesn’t matter where you live in the world, you can look at your charts once a day. At the same time, which when the daily chart changeover is 5 p.m. Eastern Standard Time, that’s New York time. At that same time, we go and look through the 12 hour, eight hour and the six hour charts so we can cover four timeframe charts at that one time and then at 5

Does Your Strategy Work Across All Time Frame Charts & All Markets? Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course #489: Does Your Strategy Work Across All Time Frame Charts & All Markets? In this video: 00:24 – Don’t use a strategy that only works on one time frame chart 00:57 – Things that experience bring 01:33 – The strategy that I developed 17 years ago and still use today 02:58 – Candle Patterns and Price 03:10 – Real life examples from this year 03:50 – H2 EUR/USD makes a 4:1 Reward:Risk 05:13 – The power of a trading community Your trading strategy, if it’s a good strategy, should work across all timeframe charts and all markets. Let me explain more. Right now Hey there, traders. It’s Andrew MItchem here, the Forex trading coach for video on podcast number 489. Don’t use a strategy that only works on one time frame chart Now, one of the things that fascinated me when I started trading almost 20 years ago was I would buy systems or view systems online or buy books, and people would say, Hey, this system’s really good. It’s fantastic, guaranteed to work, which of course it’s not. But you know, it’s getting to work and you should only apply it on the pound US dollar or you should only apply it on 15 minute timeframe charts or five minute time frame charts. And I can never really understand why that was. But when you knew you kind of take on board what people say and they develop the systems, you kind of go with it. Things that experience bring It’s not until you develop some time, strategies, knowledge, experience, and I have your ups and downs that you go through. Do you actually realize that that’s not a good way of trading? But she soon find out that over optimizing and curve fitting, although it may look good in hindsight and you can make results, historical results look absolutely incredible. You soon get to find out and realize that the reality is that that kind of over optimizing and curve fitting does never work in the real market going forward or doesn’t work consistently well. The strategy that I developed 17 years ago and still use today And so when I developed my own strategy, which we’re now talking about sort of 17 plus years ago, by the time I’ve been through the ups and downs of following other people and I wanted something that was real, that was going to work across all timeframe, charts, all currency pairs and all trading conditions, because you never know when you’re going to be in trending markets or rangebound markets. You just don’t know in advance, of course. And now what we developed as we go into more and more markets available to us, we have more markets available to us, especially on MT5, is of course we can now trade into the crypto markets, the commodities, indices, metals and so the fantastic thing that I love about my strategy is not only does it work across all different timeframe charts and by the way, if you’re on MT5, you know how easy it is now to put on like six hour charts or two hour, six hour, eight hour, 12 hour charts, which of course in MT4 days we didn’t really have so much availability to those charts. So not only does the strategy today were equally as well across all timeframe charts, we have a lot more forex pairs in play. You know, we’ve got some like Euro/Mexican and we’ve got, you know, US/Singapore and we’ve got Thai and we’ve got and you know, pesos where all these markets that a few years ago we didn’t have access to. Plus of course to go to all those other non markets. Candle Patterns and Price And the beauty of using price action by using candle patterns and candle shapes and where they appear within the charts is that can be applied across all timeframes, all markets. And that’s why the strategy does so well. Real life examples from this year Now let’s put that into a real example for you. Just last week I was saying how our daily chart trades had produced a 7.5% gain in the eight days for January that we’d been trading when I made last week’s video. And we ended up having and great end into January and we’ve started off quite nicely in February as well. However, I have noticed this week that the majority of our trades have come from shorter timeframe charts, just the way that the market is, the conditions out there. We’ve had a few daily charts and we’ve taken two on the monthly on the February monthlies as well. But the majority of our trades this week have been shorter timeframe charts. Now I want to give you a couple examples. H2 EUR/USD makes a 4:1 Reward:Risk Just yesterday I saw on our forum site someone is saying on the two hour charts there’s a couple trades setting up on the EUR/USD and the EUR/CAD as sell trades as reversal trades. Now I wouldn’t know how to look at my charts of that. Well that

Our Daily Trades at 7.5% for the year so far Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course #488: What Are Your Trading Goals for 2023 In this video: 00:29 – Superb market conditions 00:48 – Our Daily chart trade suggestions 01:37 – The trades and their results from the last 2 weeks 04:00 – The performance that can be achieved 04:47 – Use this valuable knowledge We have had an absolute flying start to the year with our daily trade suggestions up 7.5% right now in only a week and a half. Let me explain more about that and how you can achieve results like that right now. Hey there Forex Traders. Andrew Mitchem here at the Forex Trading Coach with video and podcast number 488. Superb market conditions Well, the market conditions over the last couple of weeks have been absolutely superb. Lots of good trends, lots of moves in the markets and from our point of view, lots of good chart setups on the timeframe charts that we look at, which are mostly the daily charts and the 12 hour chart, 6 hour charts, 4 hour charts, etc.. Our Daily chart trade suggestions But I want to focus for now just on our daily trade suggestions so that based off the daily charts which we post once a day on our membership site, so all that finances matter where they live in the world can follow along with those trades. Look at the trades, the reasons why we’re taking the trade, the paper, the direction, a paragraph of the reasons why, plus the exact entry and exit levels, which are all taught in the course anyway. But they just confirm what’s happening and give reassurance to people why they can earn while they learn and I’m making this on Thursday. So we only had three days of the trading week so far this week plus all of last week when we started for the year and already we are up 7.5% gain with only half a percent risk per trade. I want to explain those trades to you. Our Daily chart trade suggestions We started off last week with a 1.45% gain we had and we’re training some non forex markets and also a few minor pairs as well because we trade the pattern, not so much what the actual pair is. So let me explain to you the trades that we took last week. These were all there for people to follow and to get the exact same results. By the way, it doesn’t matter where you live in the world. The US30, the US index, we made a 1.2% gain last week that we then got stop that on the Euro/Singapore. So we lost half of 1%. We had a US/Chinese Yuan, which is quite an unusual pair. Only one position got filled. We made .75 US/Mexican, one position filled we made half of 1% gain and we got to stop that 4% loss on the Nasdaq. So a 1.45% gain last week. So we take two positions, one at the market, one over a limit order total between the two. I suggest a path of 1%. And that’s what I’m basing these figures on this week. Superb week, only three days completed so far. We are up 6.04% Aussie/US dollar on Monday made 0.9% Aussie/Franc on Monday made 1.12. They were only on one position as well as a massive reward to risk the Pound/Canadian made a 0.6 gain. The Franc/Singapore had one. Stopped out and the market or stopped out profit target on retracement 4.52 US/Mexican traded that again on Tuesday 0.5% one position. Tuesday Aussie/New Zealand one position 0.8%. And yesterday, Wednesday we took a trade on Lead of all things. Both positions fill both positions hit profit for 1.6% gain a total in just three days. This week 6.04%, no overall losing trades there at all. So just shows what can be achieved. Don’t forget this is just one timeframe chart. Plus of course we post trades on other timeframe charts. Our forum sites had some fantastic trades ranging from one hour charts through to 12 hour charts, and we have our live weekly webinars as well, where we generally take between about one and five trades depending on the market conditions when we’re on there live. The performance that can be achieved So it just shows what can be achieved when the market conditions are good. There’s lots of trades showing and we find that results are fantastic. Reward to risk is excellent. And if you’d like to know how to trade like this and don’t forget the trades that I’ve explained to you here are just trading just once a day. And you know, it takes no time at all to place those trades. And already you’d be up 7.5% in just a week and a half trading of this year. Now try finding me seven and a half percent in in sort of eight days of trading day somewhere else that you’d find this year. The only thing I can see is seven and a half per cent is the inflation figure that’s going up and up and up. So investment wise, very, very difficult to achieve results like that. Use this valuable knowledge So not only are you achieving the results like that, you can then take those same skills and trade that for yourself on other timeframe

What Are Your Trading Goals for 2023 Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course #487: What Are Your Trading Goals for 2023 In this video: 00:25 – Happy New Year 00:50 – So few people have any form of goals or plan 01:40 – You need to be able to see things differently 02:14 – Read Rich Dad Poor Dad 03:03 – Why we trade the Forex market 03:41 – Learning from 2022 04:23 – If you need help with goals and plans, just ask me What are your trading plans and your trading goals and just your goals in general for 2023 and going forward from here? Let’s talk about that and more. Right now. Hey there, traders. It’s Andrew here at the Forex Trading Coach with video and podcast number 487. Happy New Year First video and podcast for the year. Happy New Year to you. Hope you have had a fantastic Christmas and New Year break. I just got out the poll and I thought I’d make this video all about goals because, you know, one of my goals is to try and swim every day this year. That pool right now is at 32 degrees. So if you’re in the States and in Fahrenheit, I think that’s right. In the upper 80s early 90s, incredible temperature for the water. So really enjoying that. So few people have any form of goals or plan Let’s get back to the trading, though. This morning. I was at a business group that I go to here in Nelson and a lady there who’s a business advisor was talking about how she’s amazed that so few people out there have any form of financial goals, any form of plan. Basically, so many people are just living like day to day, paycheck to paycheck. And of course, that’s pretty dangerous in a good year. What potentially we might see ahead of us this year, globally, things are not looking great. That’s going to be really, really dangerous. Now, I’m definitely an optimist. I always like to look on the glass as half full, the bright side of life. But you’ve got to be real as well. And this year, you know, not looking great for a lot of people, a lot of businesses as well. That’s the reality of it. But like all these things, there are so many opportunities out there, so many great opportunities for people to do well, You need to be able to see things differently Whatever it is that you’re looking at doing. But the trouble is you’ve got to be in that position to see them and have that mindset to be able to willing to open your mind up to to look at things differently, to like the standard type of thing. And you’re going to then be in a position to take advantage of something if you see it. There’s so many people that with the benefit of hindsight do really well. But of course in reality they don’t because they’re into things too late or they just don’t see things. We’ve seen that so many times. You know, just look at what’s happened in the world over the last couple of years and the vast majority of people just have followers. Read Rich Dad Poor Dad I was a big fan of Robert Kiyosaki. Years and years ago when I started investing in Robert Kiyosaki, he was always saying there’s opportunities everywhere the guy from rich that poor, that if you’re not read his books, just go read them. That is fantastic. They’re still very, very relevant today. But, you know, just about the whole mindset of thinking differently, the whole concept that he brought in to his books about his rich dad being the business owner, I don’t work for X amount of dollars per hour. Out there looking at different opportunities, learning different skills, whereas his poor dad was the highly educated go to school, get more grades, go to university, earn a wage, work up the corporate ladder, all that type of stuff, which is we know and it’s not saying that’s wrong. And I’m not saying that’s wrong because, you know, it’s not. But the reality is, if you want to sort of think differently, you kind of or you want to get somewhere, you’ve got to probably think differently to the norm. And so that’s basically what we’re saying. Why we trade the Forex market So let’s bring all this back to Forex. Why do we trade forex? Well, it opens up so many opportunities. It’s not dependent on so many other market conditions. The forex market, you know, you can buy, you can sell, you can now trade other markets as well as the forex market as well. It doesn’t require you to sit in their charts all day long if you know how to trade properly. Like the way that we trade 30 minutes a day, max is all you need. So you can go and do things like go swimming and go and do things with your family and friends and travel and all those other things, you know, so you can go and do those. But, you know, it’s still like, Hey, we think you’ve got to do the hard work and the the groundwork first and you’v

Are You Ready to Trade in 2023?” Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course #486: Are You Ready to Trade in 2023?” In this video: 00:30 – The last video and podcast for 2022 00:43 – Trading into 2023 01:33 – The bigger global picture 02:31 – Things we can control 03:18 – Christmas & New Year break from trading 03:49 – What are you going to do? 04:45 – If you need trading help & my free webinars 05:31 – Have yourself a great Christmas Are you ready for a fantastic trading year heading into 2023? Let me help you make 2023 the best year ever. Let’s talk about that a more right now. Hey there, forest Trader. It’s Andrew Mitchem here at the Forex Trading Coach with video and podcast number 480. The last video and podcast for 2022 This is the last video and podcast for 2023. I hope you like the kind of festive shirt, and it’s summertime here in New Zealand, and we’re all looking forward to a really nice Christmas and New Year break. Trading into 2023 But this video and podcast is about 2023. And what is it that you can do right now to help yourself making 2023 the best trading year that you have had? How’s this year been? What have you learned this year? What have you done that’s like really silly? Maybe? What have you done that’s really good? You educated yourself in trading? Do you have yourself a plan, a structure, a way of trading? Have you gained consistency this year? Have you gone on to prop firms this year? Maybe? What is it that you can take away from this year that’s been really good, or maybe something not so good that you can go, well, that was a bit silly. I shouldn’t have done that and try and avoid that same mistake going into next. So that’s what I want to help you about now. The bigger global picture So, heading into next year, like on a, I suppose, bigger picture, things are not looking particularly great, are they? We’ve got massive inflation all around the world. We’ve got interest rates rising. All around the world and we’ve got costs of, like housing and fuel and, delays in shipping and all these kind of just things are just not looking particularly great on a bigger global scale. I know here in New Zealand, being an island nation, the time and the delays of getting materials here is getting worse and worse. There’s fuel shortages starting to just, disappear, the price of food has gone through the roof. There’s not the amount of tourists coming here that there once was, years ago. And so all those things are kind of like sort of accumulating and snowballing to make 2023. Probably on a bigger scale, not look so good. Things we can control So let’s come back to things that we can control and that’s our trading, and that’s where you need to learn what it is you are going to do. Heading into 2023, are you going to decide to get yourself educated? If you are who you’re going to go to, are you going to make some trading rules, some trading plans? Are you going to think about doing this properly? Are you going to think about low risk trades? Are you going to think about what is it that I can see on my charts that’s going to give me a high quality trading pattern? What time of day do I want to trade? What pairs am I looking at trading? Am I’m going to look at non Forex pairs as well. Am I looking at trading, trading different timeframe charts next year? Am I going to look at changing brokers even next year? What is it that you can do? Christmas & New Year break from trading Because, here at the Forex Trading coach, we’re going to be taking a break shortly, and we are not starting our trading again until Monday the 16th of January. We’re going to have a decent break. I think after the year that it’s been, norm trading wise, it, it’s actually really nice to have an end of year break. And again, being summertime here this time part of the world, it’s going to be a real great time of year just to catch up friends and family and just forget about the actual day-to-day trading for a while. But what is it that you can do? What are you going to do? Because our clients have just had incredible results. This. A lot of people are just making great consistent results. A lot of people have gone onto prop firms, so they’ve done the homework, they’ve done the prep work, the time learning the basics, and now they’re reaping the rewards. So what is it that you can do? Because if you’ve got, say, two or three weeks off over Christmas and New Year, from whatever it is that you do use that time wise, don’t sit wasting your time watching rubbish on Netflix and stuff like that. What is it you can do? Can you do some research? Can you watch some videos, some webinars, some podcast? Listen to some podcasts. Go back and look at previous trades and charts and your t

My Top 5 Trading Takeaways from This Year Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course #485:My Top 5 Trading Takeaways from This Year In this video: 00:32 – My top 5 trading takeaways from 2022 00:47 – #1 Trade the Market that is Active 02:33 – #2 Trade What You See and Not What You Think 04:07 – #3 Get Yourself Educated and Part of a Trading Community 05:45 – #4 Be Consistent in All You Do 06:53 – #5 Enjoy Your Trading – Here’s How 08:05 – Next Week’s Video and Podcast I’m gonna give you my Top Five Takeaways that I’ve learned from trading this year and how you can use those top five tips to aid your trading into 2023. Let’s get into that more right now. Hey there traders. It’s Andrew Mitchem here, the owner of the Forex Trading Coach with video and podcast number 485. My top 5 trading takeaways from 2022 I want to give you today my top five trading tips and takeaways that I’ve taken from trading the FX market and other markets this year as we draw towards the end of 2022. Let’s start with #1. #1 Trade the Market that is Active So #1 is trade. The markets that are active . And what I mean by that is different markets have different conditions throughout the year, and of course you never know what those conditions are going to be ahead of time. But what you can do is you can see which particular markets are trending well at the time, which are moving, which have volatility, and therefore, which markets are giving you the best opportunities Now that in the Forex market can be, sometimes some pairs go quite flat. Other times you’ll find that most pairs go quite flat. Other times everything seems to be moving. So as a phrase I used going back to my farming days of 20 plus years ago of “make hay while the sun shines”. I’m sure you’ve heard that phrase. And it’s no different in trading. If the market conditions are active, things are moving, things are volatile. Great conditions there. That’s the time to be identifying trades. Now you go and look at the crypto market. This year, for example, there have been some massive, massive moves earlier in the year in the crypto markets. But you go and look at the last month, you look at like, let’s say November, and now into early December. Most of the crypto markets are just completely and utterly flat. I haven’t taken hardly any trades on the crypto markets in the last, say, like almost two months now, because the market conditions have not been there yet. The forest markets have been fantastic. The metals are starting to move. Oil right now is dropping a lot, so the other markets are showing some great opportunities. So trade the markets that are giving you the best trading conditions at that time. #2 Trade What You See and Not What You Think Take away #2. You should trade what you see and not what you think. Really important that you do that as a technical trader and not a news fundamental trader. I trade what I see on the charts, so therefore I’m trading what I’m seeing is actually happening, not what Andrew or someone else or someone on a news station thinks might be going to. and you see things have changed slightly when it comes to the news. No longer do we get those massive great big spikes and big gaps and non-farm payrolls. You know, that’s jumping up maybe three, 400 pips in 30 seconds like it used to, some 10, 15 years ago. And when you think about what’s happening globally right now, like almost everybody’s sort of heading into. Everybody’s got inflation. Everybody’s lifting interest rates. And so that differential between different countries, like you used to have a number of years ago, for example, when the Japanese interest rate was negative and the New Zealand was huge, it was like 6%, 7% or something, you know, it was always a massive differential. Whereas today, everybody’s sort of moving in the same direction, so therefore you can’t go, ah, look, the unemployment. Country A is really bad because lightly, it’s the same in other countries. Or you know, my country might be going to lift the you know, let’s say you lived in the us, the US is gonna lift their interest rates, therefore the US is gonna be strong. Well, no, because Australia’s lifting New Zealand’s lifting, Canada’s lifting, euros, lifting, you know the British are lifting, so it doesn’t really have a great deal of significance any longer. So you’ve gotta trade what you see on. #3 Get Yourself Educated and Part of a Trading Community Point #3 yourself educated and get yourself a trading system, a trading plan or mentor, and a trading community. I cannot underestimate how important that is, and the reason I bring that into my takeaways from this year. Is that consistently throughout the year, I’ve received email, after email, after emai

Over a 50% Return in the last 8 weeks Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Click Here To Contact Ben Clay #484:Over a 50% Return in the last 8 weeks In this video: 00:41 – Client makes 50% return in the last 8 weeks 01:17 – What has Brandon done that most others don’t do 02:00 – Effort and commitment 02:51 – Daily trades profitable every year since 2010 03:06 – Trades posted on our Forum site for clients to follow 05:03 – Check out Blueberry Markets and contact Ben Clay [email protected] 05:55 – Make 2023 the year you make trading work for you One of our clients has just made over a 50% return on his live account in the last eight weeks. Let me share details with you about how he’s done that and how you also can achieve similar results. Let’s get into it and more right now. Hey there, Forex traders. Andrew Mitchem here at the Forex Trading Coach with video and podcast number 484. Once again, back outside and getting lots of good feedback about the nice New Zealand scenery. We’ll keep the outside videos going for a bit. Client makes 50% return in the last 8 weeks Look, I want to cover information regarding some comments left on our forum site just this morning by one of our clients called Brandon, who lives in Alabama, in the US. Brandon’s been with us for just over six months now. He said on our forum site today that he has made a greater than 50% return on his live account in the last eight weeks, which is fantastic news because everybody wants to make money out of trading. That’s what we’re doing it for. Of course, as you know from the stats, that 90%-95% of people do not make money. Why is that? What has Brandon done that most others don’t do Well, what is it that Brandon has done that’s different? Well, I suppose, first of all, he’s finally got some education in trading. I’m going to read to you the exact comments that he posted earlier today. Brandon has said, “I’m feeling really grateful. I’ve been trading Forex for 10 years and have tried hundreds of strategies. This is truly the best way to trade. Consistency with this plus patience will produce results. My account is up over 50% in eight weeks since I committed to consistently showing up here every day to take every setup we talk about, the daily trades and my own scanning. Thank you so much to Paul and Andrew.” Effort and commitment What does that mean? Well, he’s putting in some effort, which is great. He’s turning up to our forum site. He’s viewing our daily trades each day. He’s logging onto our forum site and seeing trades that we’re discussing throughout the day as well. That just shows that with that consistency and that bit of effort, and, first of all, taking the plunge to take an educational course, a well-rated one, it sounds like he’s done hundreds of different strategies elsewhere, but it’s finally working for him. That is awesome to see. There’s nothing more pleasing from our point of view than to see our clients succeed. When you think about it, if they do nothing else and just follow our daily trade suggestions, plus some of the trades put on our forum site, plus then learn how to do that for themselves and take a few trades for themselves, there’s really no way that you cannot do well. Daily trades profitable every year since 2010 because every year, for the last 13 years, since I started posting my daily trading suggestions based on the daily charts, they have been profitable. We also now post trades on weekly and monthly charts. Plus, on our forum site, we discuss other timeframe charts. Trades posted on our Forum site for clients to follow Now, no better example than that, than just yesterday, when I posted on our forum site, I posted five trades on the eight-hour charts and five on the six-hour charts. On my live webinar with our clients, those trades were open. They were doing really well, and we were looking at those trades. Several of them actually hit the profit target during the webinar. On the webinar, I also took two-hour chart trades. Out of those total of 12 trades, sorry, in total, 10 of them hit their profit target. Two were stopped out. So you can see how Brandon can do really well with taking the trades that we post, plus learning about those setups. Remember last week I talked about trade the pattern. That’s all we did. That’s all I did on those trades. I traded the pattern. Is the pattern going to work every single time? No. Of course, it’s not. Is the pattern going to give you an edge? Yes, it is. Is the pattern going to give you high reward to risk per trade? Yes, it is. Do we promote low-risk trades on all your trades? Yes, we do. You put that together with the strategy, the consistency, the pattern, all the information we publish and give for our clients every single day, plus yo