Online Forex Trading Course

My Favourite Candle Patterns to Trade Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course #483: My Favourite Candle Patterns to Trade In this video: 00:37 – Trading the patterns 01:10 – Make your trading enjoyable 01:48 – The candle patterns we look for 02:18 – My favourite candle pattern 03:04 – Different time frame chart trades this week 05:05 – Trade the pattern As a trader, it’s important that you learn to trade the pattern and do not make your trading too complicated. If you can do that, your results will be good. Let’s talk about that and more right now. Hey, traders. Andrew Mitchem here at The Forest Trading Coach with video and podcast number 483. Outside again today. Get some nice comments and feedback from people, just enjoying the outdoor environment here in Nelson, in New Zealand, and of course summertime here so nice to get outside. Trading the patterns Trading the pattern, it’s a really important part of trading and it can declutter your mind. It can make your trading far more enjoyable, far easier and definitely more profitable. Now what I mean by that is in so many things like compliance, red tape, overcomplicating things just in life in general, government policies, whatever it is that things are just in many ways just overcomplicated and trading is no different. Make your trading enjoyable And in order to make your trading enjoyable, I strongly believe that you’ve got to declutter your mind and make things a lot more simple. And for me, it’s about trading the pattern. I do that regardless of the timeframe chart that I’m trading. So a lot of people come to me and go, “Hey, Andrew. What’s the best timeframe chart to trade? Should I only be trading daily charts? Should I only be trading hourly charts?” And to me, you trade the setup that’s on the chart at the time. And if it’s a good setup, you take the trade. If it’s not, you don’t take the trade. The candle patterns we look for So when I’m looking at a trade, I’m looking for a candle shape, candle pattern to form first to give me the confirmation that we could be seeing either a reversal pattern or a continuation pattern. So I trade those two patterns to start with. I trade reversals because if we’ve been in a big up trend, let’s say, we’re then seeing a bearish candle and we’re then turning around, looking for a down trend opposite with a buy trade then, looking for a down trend and it to turn around to go up. My favourite candle pattern My favourite pattern though is a continuation pattern, and that’s when we’ve had, let’s say, a big up trend. We’ve had a pullback and then we see a bullish pattern to go long again. So candle pattern is always number one to me. I like to see previous indecision or bounce at a certain level, a round number if it’s a buy trade bounce off a support level. I like to see room to move for the profit target. I love to see a round number to help protect my stop loss, things like that. If I’m taking a buy trade, I don’t really want to see my profit target above the last, say, swing high. I don’t need to have to make new ground, new high price to get to my profit target. That again just detracts from the likelihood of my profit target being hit. So all those things come into it. Different time frame chart trades this week But then it comes to the timeframe chart that you’re trading, and I want to give you three examples of trades this week. This is eight trades in total that I’ve taken this week. Seven have been profitable. Now, on our forum site on Tuesday at the 5 AM Eastern Standard Time changeover, on the 12-hour charts, I posted four trades; the New Zealand-US and Aussie-US, a US-yen and a franc-yen on the 12-hour chart trade. It took 10 minutes to scan through the charts at that time, and the 12-hour charts happened to be showing the right pattern. So again, I didn’t know at the time, was it going to be the four-hour charts, the six-hour charts, the 12-hour charts that were showing the pattern? And when we went through the charts, there were those four charts on the 12 hours that were all showing high-quality setups. So guess what we did? We took them, and guess what happened? They worked and they were all profitable. And I can share those trades with you. Also, on Tuesday actually, I was out in town, came back home and I saw someone posted a four-hour chart trade on our forum site, and it was a euro-New Zealand trade. On the four-hour charts, again, they traded the pattern. I saw the trade, took the trade, and it was a great profitable trade. And on Wednesday, we took four trades on the daily charts, and we had an aluminium trade or aluminium if you’re in the US, and that stopped that. And then we had the US-franc, US-Norwegian krone and the franc-Singapore dollar. A lit

Don’t Race to Get Rich through Trading Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course #482:Don’t Race to Get Rich through Trading In this video: 00:28 – Take your time when learning to trade 01:33 – How I can help you 02:06 – Trading with low risk per trade 03:00 – Controlling your heart and your head 03:17 – Client makes +60% in 6 weeks 04:47 – Check out Blueberry Markets 05:16 – Today’s lessons 05:37 – Like & Subscribe Hey traders. Don’t race to get rich through trading. It’s likely to end in tears. Let me explain exactly what I mean through my 18 years of knowledge and experience to help you right now. Hey there, traders. Andrew Mitchem here at the Forex Trading Coach with video and podcast number 482. Take your time when learning to trade Came outside this afternoon, beautiful afternoon. And I wanted to talk about why you should not race to get rich through trading. You see, people get into trading and they think it’s going to be easy. They think they’re going to become super rich really, really quickly without too much thought or too much effort. And look, you can’t blame people for thinking that. I did exactly the same. Give you a bit of a kind of funny story. 17, 18 years ago, I was pushing kids around in prams, push chairs, or walking the dog and not really being in the moment, and instead my head was in the how much money am I going to make through my trading kind of space. And I would be forever calculating while I was walking. Go, okay, so I start with 10,000 and then I double that, that’d be 20, and I’d double that. That’d be 40, and I’d double, that’d be 80. And I was trying to sort of figure out if I’m doubling my money every sort of month, how long it would take me to get to these magic high numbers. And it’s a mistake that so many people go through. And like I said, I really don’t blame you if you are going through that or have done that because it’s exactly what I did myself. How I can help you But what I’m here to help you with is now after some 17, 18 years of trading full time, in fact coming up near 19 now of trading full time, I can offer you knowledge, experience, bit of wisdom to help shortcut things for you. And that’s what we do at the Forex Trading Coach. It’s not only about the course, and the strategy, which of course work, it’s about the realities of trading. And yes, you can do really, really, really well from your trading, and I’m going to share with you a testimonial that I received just yesterday shortly, but it’s about the realities. Trading with low risk per trade And I quite often get asked by people saying, “Andrew, look, how can I make money when you only say trade half of 1% risk per trade?” And you got to remember, that’s not me saying you should trade half of 1%. That’s what I’m saying that suits me. And from my years of experience and knowledge, I find it a really good number. Now, if you want to go and trade 2, 3, 5, 10% per trade, go for it. It’s your money after all. I’m not here to say you have to do this. I’m here to say, if you want my help and knowledge, these are my suggestions. And I’ve always sort of used that figure because I find personally that figure is a really good low risk figure. And when you look at prop firms around the world now, which by the way is a really good way for people to make money, once they know what they’re doing, a prop firm, all it really wants is, yes, it wants you to make some money, but it wants you to have low control drawdowns. So that’s exactly why the half percent risk per trade strategy, philosophy, call it what you want, is such a great thing because it keeps your drawdowns low. Trading with low risk per trade Now, I’ve always said in trading, there’s two things that you have to control. One’s your heart and one’s your head. If you can control those two in your trading, you’re on the way to doing really, really well because it’s all well and good, even with a fantastic strategy, you’ve got to be able to control your emotions to do this properly, and that’s why low risk trading helps. Client makes +60% in 6 weeks Now also wanted to share with you this testimonial that’s come through from a guy called Andrew who happens to live here in New Zealand also. And he said, “I’ve been with you six months, and initially, trading was quite slow. I was slow getting my head around it, and after a few months, I gave up, and it wasn’t working.” He then said, “I wanted to get back into it. So I’m glad that I have. I’ve now made a 60, that’s six zero, 60% gain on my account over the last six weeks following the process and just managing my trades a little bit more.” And he goes on to s

Profiting from the Crypto Crash Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Click Here to Signup for my Black Friday Sale 2022 #481: Profiting from the Crypto Crash In this video: 00:25 – Today’s video and podcast 00:53 – A massive fall in the Crypto market this week 02:30 – Crypto Cash 03:11 – Trading Battle and my 2022 predictions have been correct 04:50 – Our Black Friday sale starts on 17th/18th November 06:16 – Check out Blueberry Markets 07:13 – This week’s summary The crypto market has been crashing and tumbling this week. So how do you profit from that rather than take massive losses? 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 481. Today’s video and podcast A big list of things to get through today, including the big crash in cryptos and how you can profit from that. I want to talk about my 2022 long-term predictions that I made last year and how those have come correct. I want to talk about our Black Friday sale on this upcoming Friday, on the 18th of November. I want to talk about Blueberry Markets as my preferred broker. So let’s get into that. A massive fall in the Crypto market this week So cryptos; they have been tumbling. If you’ve been following cryptos, if you’ve been trading in cryptos, or you’ve been holding cryptos, you would have seen that this week we have had a massive fall in most of the crypto markets. So for a lot of people that’s obviously really, really bad news. But for us as traders, Forex traders but we can now trade cryptos in the same way because my strategy works across all markets and all timeframes and that does crypto pairs as well. So luckily for us, we have the ability of course to trade short or to sell something. We’re selling something that we don’t own. Unlike going out there and actually buying Bitcoin or Ethereum or something, we’re not doing that. We have the advantage of riding the market down if we’re selling it and profiting exactly the same way as if we were buying it and the market was going up. Now, that’s one of the main things that attracted me to the Forex market getting close on 20 years ago, was the ability to sell something and watch it fall and profit from that, unlike say traditional buying shares or buying property or something like that, where of course you buy, hope, hold, hope it goes up kind of strategy.I wasn’t overly interested in that and that’s why I like the ability to make money, providing I’m on the right side, whether a market is going up or down. That’s the beauty of the way that we trade. Crypto Cash So with cryptos, for example, we’ve seen this week the likes of Bitcoin go from $21,000 down to $15,000. A massive, massive drop. We’ve seen Bitcoin cash go from 120 down to $86. We’ve seen Ethereum go from $1,600 down to $1,080. So massive, massive drops. Sure they might come back a little bit but the beauty is, as mentioned, we can trade them if they’re going up or down. We’re price-action based and that works across all markets without fail. That’s the beauty of it. So that’s why I like to trade the Forex market and now other markets. Trading Battle and my 2022 predictions have been correct The Trading Battle is a group online who came to me just over a year ago and I did a trading battle challenge on their website on a live feed that goes out on YouTube and other platforms. At the end of 2021, they asked me and all the other people on there to make a video without predictions for 2022. If you go back and watch my video from November or December of 2021, I was saying that my 2022 longer term prediction was for the New Zealand/US and the Australian/US to fall. That was based on what I could see on the longer term monthly charts. If you go and have a look at your charts from the beginning of this year to right now, you can see that pretty much the Australian/US and the New Zealand/US have just fallen the whole year. So it’s a combination of those two weakening, US strengthening. But I could see that based on the monthly charts. So I’ve made a video update for them explaining what I was looking at a year ago and how that’s come true, and also how we can teach you to do exactly the same. Again, it doesn’t matter what the timeframe is, it’s just that this particular objective was more of a longer term what’s happening this year perspective. Those are the two currencies that I picked out. Go look at your charts and start at the beginning of January of 2022. Have a look at today. You can see that’s been a pretty good, fair reflection of what’s happened. So really pleased we’ve got that all in order. Our Black Friday sale starts on 17th/18th November Also, our third thing, our Black Friday sa

It’s Time to Secure Your Financial Future Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Click Here to Signup for my Black Friday Sale 2022 #480: It’s Time to Secure Your Financial Future In this video: 00:24 – A lot of doom and gloom in the world right now 01:10 – Mortgage rates and Interest rates rise 01:52 – Pension funds are dropping 02:28 – What can you do about it? 02:50 – Live webinar discussing a variety of time frame charts 04:14 – Black Friday 2022 Sale – register here https://theforextradingcoach.com/black-friday-2022/ It’s time to start thinking about securing your financial future, regardless of how old you are, regardless of how wealthy you might be, and regardless of where you live. Let’s talk about this really important topic right now. Hey traders, Andrew Mitchem here at the Forex Trading Coach with video and podcast number 480. A lot of doom and gloom in the world right now Thought I’d come outside this morning, early morning and record this video for you. There’s a lot going on obviously around the world right now with inflation going up, cost of living going up, job uncertainties, wages not keeping up with inflation, and a lot of property values starting to drop. In fact, I saw just this morning reading one of the UK online papers, they’re talking about potentially up to a 30% fall in their house prices. Property investors, maybe not such a good time now with higher interest rates and falling values if you already own property as well. Mortgage rates and Interest rates rise With mortgage rates going up and up, it’s making things harder and harder for people to afford property, and so therefore it’s not so attractive. Also, overnight my time, Britain has raised their cash rate from 2.25% up to 3%. That’s actually a 33% rise, huge. Just this week, the US have also gone from 3.25% to 4%, and on Tuesday, Australia went from 2.6 to 2.85. Other countries did something similar just a week or so prior, and that’s just this week, just those three countries. Pension funds are dropping We’re also getting news about pension drops, and I saw again on an English online paper here, this comment about my pension fund has plunged, wiping out almost all the gains over the last eight years. People are saying, well, their pension funds, if they’re coming up to retirement age, let’s say. Your value of your pension fund some eight years ago is pretty much where you are right now because of the lowering values and just the bad performance of pension funds. All this comes down to the very obvious, I suppose the obvious question, not the obvious answer, so much. What can you do about it? The obvious question of what are you going to do about it, and how can you change this? Because obviously this is just spiralling out of control on so many different levels. To me, there is a relatively straightforward answer, and it’s to get trading or get educated into trading so you can try to figure out what you can do about this for yourself. Live webinar discussing a variety of time frame charts Now, just last night my time, I held a live webinar with our clients. We discussed a variety of timeframe charts, monthly charts of which we’ve got five trades on for the month of November. We discussed weekly charts, some daily charts, which we’ve taken about nine trades this week. 12 hour charts, eight hour and six hour. With that in mind, that means that you can trade those timeframes in 15 to 30 minutes per day by looking at your charts two or three times easily. We’re not talking about sitting there looking at like one minute, five minute, 15 minute charts where you got to sit there all day and night just staring at charts, getting really stressed about your trading. Not that at all. We’re talking about making this practical that you can do this doesn’t matter where you live in the world, what time zone you’re on, what commitments you currently have with current employment or holidays or family, whatever it is, you can do this once you know what you’re doing. On that webinar, I took a NZD/CAD trade and I took a EUR/USD trade. One is still in, the NZD/CAD still in profit right now. The EUR/USD actually hit profit in under one hour. We also had one of Wednesday’s daily chart trades hit profit on the GBP/CAD with the drop in the pound in the European session on Thursday, and that hit profit target as well. Black Friday 2022 Sale – register here https://theforextradingcoach.com/black-friday-2022/ Also, just to let you know that on Friday 18th November, I’m holding our Black Friday sale. We do this each year and it just gives a lot of people opportunity to jump on board with us here at the Forex Trading Coach for a crazy low price. Now, we are holding our Black Friday sale one week earlier than the actual Black Friday, and so there’s a

Your Questions Asked to Blueberry Markets Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Click Here to Send an Email to Ben Clay #479: Your Questions Asked to Blueberry Markets In this video: 00:32 – I’m joined by Ben Clay at Blueberry Markets 01:16 – Q #1 – Opening an account 02:09 – Q #2 – Methods to fund an account 03:45 – Q #3 – Banks having issues with opening a trading account 04:58 – Q #4 – What’s the smallest account size? 07:07 – Q #5 – Making a request for something different from Blueberry Markets 07:46 – Q #6 – New markets available to trade 08:55 – Q #7 – How secure are my funds if I don’t live in Australia? 10:02 – Contacting Ben Clay directly at [email protected] Andrew Mitchem: Last week, I put some questions to our database and we’ve had some fantastic replies. We’re going to interview Ben Clay at Blueberry Markets and find out how Blueberry can help you as a forex trader. Let’s get into that and more right now. Hi everybody. Andrew Mitchem here at the Forex Trading Coach with video and podcast number 479. I’m joined by Ben Clay at Blueberry Markets We are very lucky today to be joined by Ben Clay, who’s the partners manager over at Blueberry Markets. Welcome along Ben. Ben, how are you? Ben Clay: Thank you. Very well, Andrew. Always a pleasure to be here. Thanks for having me again. Andrew Mitchem: Awesome. Well, just to recap, last week I sent an email out to our database asking for people to come through with a group of questions, knowing that I was going to interview you this week and to be able to put those questions to you. So, thank you very much for helping out with these questions that we have to ask you. So first one is from Steve, and Steve says he’s never opened an account before. What is the process, and how complicated is it to set one up? Q #1 – Opening an account Ben Clay: Yep, pretty straightforward. The application itself takes three to four minutes to complete on our website, and then you just need to upload the ID documents that it will request. Typically one government issued photo ID and then a proof of address that was issued in the last 90 days. And you can upload all that in the portal. The account’s typically open within a few hours, or 24 hours or so. Andrew Mitchem: Cool. So pretty straightforward, really. In terms of opening a demo, how’s that been? Ben Clay: That’s basically the same. You would do that straight on our website. There’s a section there that just says “Open a demo account.” That’s a lot faster. Obviously, you don’t need to upload any ID documents. But there’ll be two buttons on our website. “Open a demo account,” “open a live account,” and you can follow the steps there. And you can get demo accounts up and running within the client portal as well. Andrew Mitchem: Okay, awesome. No, I hope that answers that one for you, Steve. Q #2 – Methods to fund an account We have a question here from Gidivo, and it’s regarding funding the accounts. And this specific question was about can I fund on a MasterCard credit card and fund and withdraw that way? Because in some countries that’s possibly a little bit easier than going through online banking system. Can you let us know what sort of different ways someone can fund and also withdraw? Ben Clay: Absolutely. So MasterCard and Visa is completely fine. That’s probably the most common deposit method and withdrawal method we see. Typically, when you’re using a MasterCard or Visa to deposit, you would fund the initial amounts with Visa or MasterCard, and then withdraw that same amount back to the Visa or MasterCard. And then any profits can typically be sent via bank wire. We also accept crypto deposits if you have a US dollar denominated account, as well as bank wire, Scrille, Nettella. We had PayPal for some countries. Here in Australia, we have BPay and Poly Pay, as well as a few other additional methods as well. Andrew Mitchem: Wow. So quite a few. Now, just to help out with that, if you put funds across on let’s say MasterCard, do they have to come back via MasterCard? You can’t put funds across and start an account with MasterCard, and then withdraw it to a PayPal account? Or can you? Ben Clay: That’s correct, yeah. The funds typically have to be sent back to the same method of deposit, just for global anti-money laundering laws. And this is usually pretty uniform across most brokers. Andrew Mitchem: Yeah, yeah. No, I understand. Fair enough. Q #3 – Banks having issues with opening a trading account And a similar kind of question, we’ve had a question here from Salman, who says he’s in the past had issues with his bank. I’m not sure where Salman lives, but in terms of being able to put deposits through to a broker and the bank having potential issues with that, can you

Why We Trade Multiple Time Frame Charts Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course #478: Why We Trade Multiple Time Frame Charts In this video: 00:26 – How looking at different time frame charts will help your trading 01:01 – If we had focused on 1 time frame chart 02:14 – More trade examples 02:45 – More successful trades on my live weekly webinar 03:39 – A higher probability of overall success 04:06 – I’ll be interviewing Ben Clay at Blueberry Markets I’m going to explain why we look at multiple time frame charts each day. 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 478. How looking at different time frame charts will help your trading I want to explain why we look at different time frame charts and how it can really help you with your trading. This week’s a really good example, and this week we haven’t had a great deal happening on the longer time frame charts. We had no weekly chart trades, which is quite unusual. On Monday and again today, being Friday, we’ve had no daily chart trades. On Tuesday and Wednesday, we only had one daily chart trade, and on Thursday we had four. And of course, you cannot tell in advance what’s happening and why and what the market’s going to do. If we had focused on 1 time frame chart So if we had just focused purely on the daily charts this week and the weekly charts, we’d have had just six trades. However, we look at other time frame charts as well. But it doesn’t mean to say that you are taking lots and lots of time to do that because if you can trade once a day and have a look at the charts when the daily charts close, you can also look at the 12 hour charts, the eight hour and the six hour. That’s at 5:00 PM New York time. If you can also look at 5:00 AM New York time or any time after that, you can also look at two hour, four hour, six hour and 12 hour charts. And so because we take trades only at the close of a candle, I can quite easily trade once or just twice a day. It takes a maximum of 30 minutes to go through all those different time frame charts and give ourselves more trade setups. Now, if you’re the sort of person that trades just one hour charts or just 15 minute charts or just daily charts, you are really limiting yourself because you don’t know what the market conditions are going to be. And that becomes quite a, not so much dangerous, but limiting factor on your trading. More trade examples So, some more examples. This week at the Wednesday, 5:00 AM time frame changeover, I’m on our forum site at that time. I posted five trades, two of them on the 12 hour charts and three of them on the six hour charts. Out of those five trades, four out of the five have been profitable, one’s still in and it’s in slight profit. So, so far we’re a hundred percent profitable success. One trade’s still to go on the 12 hour chart. More successful trades on my live weekly webinar And then last night, my time, on our live weekly European session webinar, which I hold, next week’s a US session webinar with Paul over in America, but I held the European session webinar last night, my time, European morning. And on that session I took two trades on the two hour charts. We took a New Zealand Swiss Franc two hour chart trade, which was very profitable, made a three to one reward to risk. Fantastic trade, hit the profit target in two candles or four hours. And I had a losing trade on the two hour US oil. So although one was profitable, the other lost, we’re still massively up because of our high reward to risk. But both of those were two hour charts. I also took a four hour chart trade on the Australian Yen, and I took a six hour chart trade on the Euro Yen. Both were profitable, so three out of four profitable trades. A higher probability of overall success So it just goes to show, by looking at multiple time frame charts, you’re giving yourself a higher number of trades, a higher probability of success because you can fine tune to find the highest quality trade setup. So it’s really important that you don’t just limit yourself to just a handful of currency pairs or just one or two time frame charts. Be flexible because you have to be flexible because you don’t know what the market’s going to give you at that time. So, I hope that helps as a good lesson. I’ll be interviewing Ben Clay at Blueberry Markets Now next week, instead of making a video and podcast like this, I’m going to be interviewing Ben Clay at Blueberry Markets, and I’d like to offer you an opportunity to ask some questions to Ben and I can ask those questions on your behalf. So if you have any questions that you’d like to ask Ben at Blueberry Markets, about anything to do with trading or anything to

Learning from the All Blacks Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course #477: Learning from the All Blacks In this video: 00:29 – I’ve been watching the New Zealand All Blacks train 01:14 – Trader getting burnt out 02:19 – Watch last week’s video where I shared by trading day 03:03 – Do something that is proven 04:20 – The system makes life easier for the players 05:04 – Where you can find high quality training 05:25 – Looking for a good broker? 06:06 – Do you also like quality? I’m going to talk about how you can train like the mighty New Zealand All Blacks and how you can be successful as a trader just like they are in world rugby. Let’s talk about that a more right now. Hey there traders, it’s Andrew Mitchem here at the Forex Trading Coach with video and podcast number 477. I’ve been watching the New Zealand All Blacks train I’ve just been with my youngest daughter, Amber, to watch the mighty New Zealand all Black team train here in Nelson. They did an open training session this morning where everybody could go along and watch their final training before next week. They head off to Japan for the start of their Northern Hemisphere winter tour over there and then over to Britain. And I think they’re playing Scotland and Ireland and France and Wales. Great to see them, but from what I got out of it is to see how well oiled they are. A fantastic working machine that has proven success and also a machine that looks after the player welfare. So I’ll come back to All Blacks shortly. Trader getting burnt out I received an email this week from a trader who’s not a client over in the UK, and he was talking about burnout. And he was saying, Look, Andrew, why is it that you are still trading? What is it that you do differently to me, because I’m just getting exhausted. I’m burnt out. I’m that FOMO. He’s getting FOMO, the fear of missing out. He’s scared to leave charts, he’s fearful that he’s going to miss trades, all that type of stuff going on in his head. And I said to him, Look, well, before I can really help you, tell me how you are trading right now. And he came back and he said he’s trading a mixture of five minute charts and news trading. So he is trading European mornings, he’s trading the US time, he’s looking for high impact news events. He’s stressed about being there. When do you put a trade on? When do you take it off? Looking at five minute charts all the time. And so it’s just constantly, it’s like a hamster going round on a wheel, it’s just never ending. Watch last week’s video where I shared by trading day And I said to him, Well, first of all, go and have a look at my video from last week. If you haven’t seen the video on podcast or listened to a video on podcast number 476. Last week, I shared with you a trading day when I traded just twice a day. And by the way, those trades did really well and I took you for a flight in my helicopter. So which would you rather be? Would you rather be just looking at your charts twice a day, taking trades and doing really well with low risk and low stress and doing things that you enjoy, or would you rather just sit there just, not quite 24 hours a day, but getting close. Like this guy in the UK. He’s just sitting, just lethargic, just not getting out and doing stuff, and the trading’s just taking over his life and it’s becoming a nightmare. Watch last week’s video where I shared by trading day So very easily, I was then able to suggest to him, he gets onto longer timeframe charts and gets a strategy that works, et cetera. That’s proven and it continues to work, and it looks after you as a trader. So, I bring that them back to what I saw this morning with the All Blacks, you go in there, everything’s set up, it’s perfect. There’s all the training guys, the gear, the cameras, the drones, the players turn up, they do their warmups, they get into a little bit more intense work, some exercises, tennis balls come out for hand eye coordination. It gets a little bit harder, a little bit faster. And they have a system that works. And that’s no accident that it works. And there’s no accident that the All Blacks have been one of the most successful sports teams of any sport anywhere on the planet in history and continue to be so, because their system of the training, the way that they play, the way that they bring new people through, the way that they support each other, the way that they’ve got the doctors, the medical people, they’ve got all the physios, they’ve got the fitness guys, they’ve got the dieticians, they’ve got, the whole thing is just run like clockwork. It’s very, very impressive to see. The system makes life easier for the players And so when the players come to do their j

My Trading Day & Helicopter Flight Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course #476: My Trading Day & Helicopter Flight In this video: 00:31 – My trading Day & Helicopter flying 00:53 – Taking 5 trades on the D1, H12, H6 and H4 charts 01:47 – Trading done and Pre-flight done 02:21 – Flying from Nelson to Awaroa 02:41 – Check my trades and ready to fly home 03:23 – An H4 trade at the 5am EST changeover Today I’m going to share with you my trading day. We’re going to start here taking some trades off the daily charts very shortly. Then I’m going to take you on a helicopter flight, where I’ll be flying myself, and then I’ll be back here to trade some more tonight. Let’s get into that and more right now. Hey there traders, this is Andrew Mitchem, here at the Forex Trading Coach, with video and podcast number 476. Taking 5 trades on the D1, H12, H6 and H4 charts We’ve got a real special day lined up for you today. It is coming up to about 10 to 10:00 in the morning here. The daily charts are about to change over at my 10:00 AM, which is coming up to 5:00 PM New York time. I’m going to scan through the daily charts right now, and then I’m going to go through the 12-hour, the 8-hour, and the 6-hour charts, and I’m going to come back shortly and let you know what I’m trading. Trading done and Pre-flight done Righty. So here we are back again, just some 20 minutes later. I’ve been through the daily charts, the 12, the 8, and the 6, on the forex and non-forex pairs. This is what I am trading today on the daily charts. I am taking a trade on the Euro Swiss Franc, and also on the pound New Zealand. So both sell trades, Euro Swiss Franc, sell pound New Zealand, sell on the Dailies. I’m also taking a H4 chart trade on silver as a buy trade, a H6 gold trade against the US and a Euro Australian H12 chart trade. So all up I have got five trades that I’m taking now, and that’s it for the morning. Next stop helicopter time. Okay, so we’re inside. All the pre-flights are done. Everything’s all checked in here, and we’re ready to start up in the next few minutes, going for a nice flight. Little bit like trading. You do your homework, you do your due diligence, you do all your testing, and then once everything’s been thoroughly checked, you take your trades. I’ve actually just checked the gold and silver trades that I mentioned earlier, they’re going really, really well, especially the silver trade. The silver H4 forex chart’s just going tremendously well. So, really nice to see. I’ll update you once we start flying. Talk soon. Check my trades and ready to fly home So just had a nice couple of hours with some friends here at Awaroa, which is north of Nelson. Beautiful, very remote place here. Got a bit of a landing spot here for us. And yeah, just checked my phone. We do have reception here, so just checked the phone, see the trades are still going really well. Actually, better than when I left. So heading back now, and then I’ll come back on when we’re at home tonight, looking at the changeover of the 5:00 AM Eastern Standard Time charts. And I’ll be looking at the 2 hour, 4 hour, 6 and 12 hours, and I’ll update you on the progress of today’s trades at that stage and hopefully take a few more trades. Talk to you soon. Flying from Nelson to Awaroa 1500 feet flying out from Nelson going to Awaroa. Good day outside. quite windy though but nice to see we’re up flying. We are getting ready to the beach. See you soon. An H4 trade at the 5am EST changeover Righty. So here we are, 10:00 PM. Just taking my last trades for today. Just one trade at the 5:00 AM Eastern Standard Time, which is New York time changeover, and that is a sell trade that we’ve just taken on the Aussie Franc on the H4 chart. So let’s see how those trades go. We’ve been talking about it here on our forum site and discussing it with other clients as well. So yeah, just really great to have the amount of traders on there all looking through the charts, and I’ve been through all the forex and non-forex pairs at the changeover, at the different timeframe charts, and a lot sort of almost trades, but only that one good enough trade to take, using the criteria that we have. So I hope that helps. Trading just twice a day, it’s taken me what, less than 30 minutes in total to look through all the charts, place the trades here today. What do we have? Five trades earlier today, one now. Let’s see how they all go. But between the trades earlier today, the flying, trades now, you can see how flexible the system is. You don’t even have to trade at these two times, by the way. It’s just the two times that I choose to trade. But you can see how you can trade, still do normal things, whether it

How to Best Use Divergence in the Forex Market Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course #475: How to Best Use Divergence in the Forex Market In this video: 00:26 – Using Divergence 01:27 – The 2 types of Divergence 02:22 – Reversals and Continuation Patterns 03:49 – Continuation Patterns are Higher Probability Trades 04:59 – Regular and Hidden Divergence 05:32 – Blueberry Markets for MT4 and MT5 Does divergence really work in the Forex market? And if so, how can you best use it? Let’s talk about that a more right now. Hey, there Forex traders, this is Andrew Mitchem here, the owner of the Forex Trading Coach with video and podcast number 475. Using Divergence I want to give you a really good bit of trading information here regarding the use of divergence. And you’d know that if you’ve been following me for any length of time, I use predominantly candle patterns. I look at price action, I look at support and resistance levels and strength and weakness on the charts, as that to me is the most important information. However, there is one indicator that I use of the more traditional lagging indicators, and that is the stochastic indicator. And I use that in a few ways. It helps me to determine if the price is overboard or oversold. And what that means is if the price is going up and up and up and it’s then overbought. If I were to see a reversal pattern, that means that it’s in quite a high probability part of the chart, that the price cannot keep going up forever and therefore it’s lightly to then pull back. And I can take a potential cell position, but I also use the stochastics to help me with divergence. The 2 types of Divergence Now, there are two types of divergence, those regular or standard divergence, and there is what we call hidden divergence. Now, in basic terms, divergence is when, let’s say the indicator is going one way, but in reality the price is going the other. And that causes a divergence. One thing’s heading up, the other’s heading down, and you get the opposite, like the conflict going on there. So that is a divergence. Now there’s sort of more specifics that we look at than that, whether we’re looking at that happening with the lows and the price getting higher or the highs and the price getting lower, different things like that. But in basic terms, divergence means price going one way, the indicator suggests the price should be going the other way, and then you generally get a reversal or a continuation happening. So it’s a really good early warning system for you as well. Reversals and Continuation Patterns So two ways of trading it for me reversals. That is when you get regular divergence with the price coming off the bottom or the upper Bollinger Band area. So in other words, the price is either oversold if it’s at the bottom Bollinger Band or overbought. If it’s at the upper Bollinger Band and stochastics are either low below the 20 or high above the 80 level. And if you get that showing, then you have yourself a high probability chance of a reversal trade. Now of course, you cannot just say, “Here’s a positive divergence signal, the market’s oversold the price is going to go up.” It’s not as simple as that. You still need the candle pattern and you still need it to come off the right price level. Strength and weakness is always important. If you get a trend line break, have you got a good place for your stop loss, plenty of room to move for your profit target? All those things that we talk about all the time are still massively important. But by piecing together all these little parts of the jigsaw, if you can then add a divergent signal on top of everything else that you see, that to me adds more and more quality, more and more probability of success for your candle pattern and your setup that you are taking. So I really like reversal patterns and standard divergence, but I love continuation patterns with hidden divergence. And the reason for that is this, continuation patterns to me are an even higher probability, safer way of trading. And what we’re looking for in basic terms is this. Let’s say that the price has been moving up and it’s come off the bottom Bollinger Band back towards the middle Bollinger Band, and then we get a red, a hidden divergent signal. Let me get that right. We get a hidden divergent signal off the middle Bollinger Band, and we then get the candle pattern looking like it’s heading down again. So it’s come up to the middle Bollinger Band, and then we are then looking at trading it again. So in other words, down trend pullback, looking for the down trend to continue. Continuation Patterns are Higher Probability Trades That continuation pattern is by far a safer pattern than looking for a big down trend. And then looking to pick the bottom and looking

Do You Lack The Capital to Trade Well? Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course #474: Do You Lack The Capital to Trade Well? In this video: 00:23 – Do you lack capital to trade well? 01:20 – Control your heart and your head 01:46 – Learn how to trade first 02:56 – Understanding the markets 03:36 – Going to University 04:05 – Get yourself into Prop firm trading 06:05 – Blueberry Markets 06:38 – The Successful Trader System Is a lack of trading capital one of your biggest problems that you face in order to become a successful trader? If that sounds like you, listen up, I’ve got some great tips and information to really help you. Hi, everybody. It’s Andrew Mitchem here at The Forex Trading Coach with video and podcast number 474. Do you lack capital to trade well? Now, if lack of capital is one of the issues that you have as a trader, I’ve just got some great tips to help you. Because every day, I get email from people that say, “How much do I need in my trading account in order to give up my job? How much do I need in my trading account to be able to pay for your course? I don’t have enough money. If I pay for your course, it’s going to drain my existing trading account. I don’t have any extra spare cash to put into it. I’m worried that if I start off with five or 10 grand, I don’t have anything else to add. I’m worried if I start with too much even, then I’m going to lose money and I’m going to be scared and not want to trade again.” So it’s all these kind of money-related issues going round in the heads of pretty much everybody out there looking to trade. Control your heart and your head Now, I always say there’s two things you need to control in your trading, one is your heart and the other is your head. You need to get both of those two under control. To do that, you need things like a strategy. You need mentorship. You need assistance, support to know what you’re doing, low-risk money management, all those type of things. But the problem is if you haven’t got enough money to start with, people feel that none of that matters, whereas in reality, it should be the opposite. Learn how to trade first You see, to me, the most important thing right now for you to do is to learn how to trade. Your account size today, how much money you have available of your own personal money to trade within your account right now or even to look at adding to your account is completely and utterly irrelevant. It has almost zero bearing on whether you can learn how to trade properly. You see, you flip it the other way around. You could come to me and go, “Andrew, I’ve got a million dollars. Send in my account and I’m ready to start trading. I’m a multi multimillionaire. I’m just going to throw a million dollars at it and see what happens.” You can guarantee that that person is also going to lose money, lose confidence, and give up trading. So it really doesn’t matter if a thousand dollars is a massive amount to you or a million dollars is a tiny amount, does not matter one little bit unless you know how to trade properly. So that’s why I say you this, the size of your account, the size of your capital, your wealth, all of that is completely and utterly irrelevant unless you know what you’re doing and how to trade. Understanding the markets So it comes down to understanding the market, knowing what to look for, and trading properly. Because you see, a lot of people go, “Andrew, you talk about a half percent risk. I’ve got a thousand-dollar account. That’s $5 I’m risking per trade and I might be making $10, $15. That’s not enough to live on.” Again, completely and utterly irrelevant. It does not matter today. The thing that you have to learn to do is to learn how to trade properly, consistent with low drawdown and high consistency, high reward to risk trades. If you can do that properly first, then you can make money from trading. Going to University Think of the learning process as like going to university. Think of it like an apprenticeship. You’re not doing those things. You’re not at uni and you’re not on an apprenticeship to be your end goal and to make all your money right then. You’re there to learn the steps to learn the process in order to better yourself to then fast-track yourself to be able to jump into that career or higher paying job or whatever it is that you are doing those skills or that learning for. Trading is no different. Get yourself into Prop firm trading How you can get there with trading is once you know what you’re doing, you can get into things like prop firms. Now, to give you an example, we’ve got one of our clients on a prop firm. He’s been doing it for about a year now. He’s up to $750,000 in just

Do You Think Your Government Really Cares About You? Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course #473: Do You Think Your Government Really Cares About You? In this video: 00:41 – A quote from Robert Kiyosaki 01:20 – It’s a good time to be alive 02:33 – Wanting more handouts 03:52 – Forex is a way to help you achieve cash flow 04:42 – Trades get posted on our Forum site 05:12 – Blueberry Markets Are you waiting for your government to save you? Are you waiting to win the lottery? Are you ready to win on the horses? Or are you ready to leave that whole mindset behind and do something to look after yourself and protect your future? Let’s talk about that more right now. Hey there traders. It’s Andrew Mitchem here at the Forex Trading Coach with video and podcast number 473. Come outside again today, such a beautiful day. Couldn’t film inside at the charts. A quote from Robert Kiyosaki I wanted to read something for you and it’s come from someone who I’ve followed for years and years. You probably know him, a guy called Robert Kiyosaki, who wrote the Rich Dad, Poor Dad books, someone that I followed years ago and I credit a lot of the way that I think and finances, et cetera, to Robert Kiyosaki. So I’d like to read this. I haven’t asked for permission for this. This is just something he’s emailed through to his list of which I’m one of, so I’m going to read it out for you anyway, and I think it’s really relevant for us as Forex Traders. So here we go. It’s a good time to be alive Robert says, “We are all being bombarded with bad news, bad advice, and people telling us how bad things are. I don’t buy it. I’m tired of it. The media and the governments of the world are telling people that we need to be saved. I even feel they’re trying to control me. I’d like to offer a different mindset for you. Yes, we’ve all had challenges, but I’m optimistic, and I think this is a great time to be alive. And instead of telling you to wait for the government to save you, it’s time to save yourself. There has never been a more important time for you to stop wanting or waiting on the government or your employer or others to provide for you or your family and your financial future. They can’t save you. They won’t save you, and the truth is no one cares about your financial future like you do, or you should do. It’s time to save yourself. You know it and I know it. Take control of your financial future, get yourself educated, surround yourself for people who are doing the same thing and leave the victim mindset behind.” And I read that and I thought that’s such a short but powerful and true statement. Wanting more handouts The victim mentality and mindset’s everywhere. People were just after more and more handouts from governments. They think the government’s going to save them. They think they’ve done that with the health over the last two years. No, they haven’t. They think you’re going to get payouts from them. No, it’s your money after all. Everybody who’s paid taxes pays into it. All they’re doing is creating debt. If you think that some government retirement scheme or anything like that’s going to protect you, who knows by the time that we get to retire, there may not even be retirement funds. Some countries there aren’t anyway. So what he said there is absolute truth. No one cares about your finances. You do and you should do, but no one else really cares. No one’s going to come running and protect you. No one’s going to come giving you this sort of golden handshake or this golden payout that you might think you are due. So what are you going to do about it? And that’s what I love about Robert Kiyosaki’s mentality and the way that he’s always sort of talked and got people to think for themselves, think slightly differently, think differently from the mainstream way of thinking, the way that you probably didn’t get taught finances at school. You’ve got to think slightly differently. Forex is a way to help you achieve cash flow And to me, Forex is one of those ways that you can achieve that. Yes, there are other ways there’s businesses, there’s properties, there’s all sorts of other things, but Forex in terms of cash flow and the ability to not work X number of dollars for so much time offers something that a lot of other businesses don’t offer. But having said that, you have to know what to do, and his last line said, “Get yourself educated, surround yourself for people who are doing the same thing.” And that’s where I think here at the Forex Training Coach, we’re different and we help so many people because we do have a community of like-minded people all doing the same thin

Ready to Give Up on Forex? Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course #472: Ready to Give Up on Forex? In this video: 00:34 – Frustrated and ready to quit trading? 00:59 – One of our traders when from quitting to profitable in 4 months 01:33 – They gave it one last go 02:23 – Profitable on a live account and soon to join a Prop firm 03:10 – Don’t give up without trying the TFTC approach to trading 03:56 – Choosing a good Forex broker 04:36 – We’re here to help Are you about to give up on the Forex market? Are you just finding that you’re frustrated, you’re wasting money, wasting time? It’s just not working. Everybody thinks you’re gambling, and you just think it’s a complete farce. It’s not for you. If that is you, this video is exactly what you need to hear. So before you quit, make sure you listen to this. Hey there traders, it’s Andrew Mitchem here, at the Forex Trading Coach with video and podcast number 472. Frustrated and ready to quit trading? Now, this video is especially for you if you’ve been trading for a little while and it’s just not working. You feel like you’re wasting your money, wasting your time. You’ve done courses, you’ve been through forums, and it’s just nothing’s happening. You’re constantly going backwards, you’re losing money. I feel the frustration. I’ve been there myself. It took me four years before I finally became profitable with my own trading. One of our traders when from quitting to profitable in 4 months But I want to talk about a client who I was talking to just yesterday. They first contacted me back in May, just over four months ago. And at that stage, they were ready to quit. They were ready to give up. It was just a waste of their time, really. It was all these things, these promises they’d seen online. They’d been on various forums, bought expert advisors, done various courses, indicators. You name it, they’d been there and done it. Like I had, and probably if this is for you, this video, you’d know exactly how they were feeling. They gave it one last go And so, they decided to give it one last shot. And after talking to a client of mine who’d been with me for about a year and a half, they decided to give it a go and they came on board at the Forex Trading Coach. And we had a catch up yesterday, and it was very pleasing to have the catch-up and just see their complete change in attitude, their change in fortunes of how things are now working out for them. Because they’ve now got a clear strategy, they belong to a group, a community. They know what to trade, they know when to trade. They have information given to them on a daily basis to actually aid them with their learning process, with specific trades that are profitable. And the change is just incredible in four months. Profitable on a live account and soon to join a Prop firm And with this person, the last two months, they’ve been profitable on a live account and then they’re looking at going on to a prop firm at the end of September. So probably into the first week of October, looking at going on to a prop firm challenge. And now that they’ve proven to themselves, after a month or so of demo and then a couple of months of live personal account, live trading and results, that they’re ready to go to that next level. And the webinar was just a fantastic, just a really good catch-up, and pleasing from my point of view. But from their point of view, you just wouldn’t believe the change in how they were looking, how they were feeling, how they were just energised, ready to take on the world because their trading was suddenly now working for them. Don’t give up without trying the TFTC approach to trading So if that’s you, if you feel like you’re at that stage where it’s just not working, give us a shot. Because it just happens so many times that people come to us and they go, look, this is just not working, I cannot make trading work. I think I know what I’m doing. And then after a while, they come back to us and go, look, I’ve learned more in the first day reading your course than I’ve learned in the previous however long they’ve been trading. And they finally have a strategy, they finally have an understanding of what’s happening in the market, to be able to look at the market and read what’s happening. So yeah, massive, massive change around. I really encourage you to take a look and I’ll put a link to my five star rated coaching course. It’s been running for the last 13 plus years, so we kind of know what we’re doing by now. Choosing a good Forex broker If you’re looking at somewhere to go and place your funds, I can strongly recommend obviously start on demo if you are new or if you’ve been doing it for

What Makes a Good Reversal Trade? Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course #471: What Makes a Good Reversal Trade? In this video: 00:24 – What do we look for when looking for a reversal trade? 01:08 – Getting ready for a new trade 01:26 – What exactly are we looking for? 03:13 – Don’t forget to look at the price 05:00 – Bollinger bands give us more clues 06:45 – We trade Reversals and Continuation Patterns 08:30 – Blueberry Markets for MT4 and MT5 09:13 – Look at my 5 Star Rated Forex Coaching Program What clues do we look for to suggest that a trend is about to reverse? 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 471. What do we look for when looking for a reversal trade? Want to talk about reversals today and what constitutes a good reversal, what do we look for to suggest that a reversal is about to take place. You can use this in many different ways. You could use this, let’s say, you were in a buy trade and the market’s moving up beautifully. It hasn’t quite got to your profit target, let’s say, and you might see some form of indication that the market is about to reverse against your long or your buy position. That’s something that could help you to suggest to either get out of the trade altogether early, or maybe partially close from trade, or maybe move to stop loss. But there’s clues there that I’m going to talk about that can help protect that trade if you are already in a trade. Getting ready for a new trade If you’re not already in a trade and you’ve seen the market moving up and you’ve missed that trend, but all of a sudden, you now see a few clues that I’m going to mention that will help you to take a short position against that uptrend, then that is also a very good trading opportunity. What exactly are we looking for? What is it that we’re looking for? To start with, to make things easy, I’m going to be talking about a current uptrend and then a bearish reversal. If we’re looking for a bearish reversal for me, I look at candle patterns and I’m looking for outside or engulfing candles. But I don’t just look at every single engulfing or outside candle go there as a sell trade. Absolutely not. There’s other things that we want to see. If we’re looking for a bearish reversal, first of all, we need to see there’s been a good, strong prior uptrend first. The reason for that is not every uptrend can keep going obviously. Everything will stall and exhaust and then turn around. We’re looking for that turnaround because this is talking about reversal trades. First of all, we need that good, strong prior uptrend. If we have a reason for that to look like it’s stalling, it could be an indecision candle such as a pin bar, hanging man, doji candle, where basically the price has gone up, formed a new high, and it’s come back and it’s closed near the low of the candle, or it’s an indecision candle it’s gone up, it’s gone down and it’s closed near it’s open, something like that is giving us an early warning system, basically. It’s saying after this big, strong bullish trend, all of a sudden, the next candle has given a clue that the market’s gone up, reached a point and it’s coming back, or it can’t decide whether it wants to go up or down any further. That’s our first indication. Then to get confirmation, then we need the bearish candle to come next. Now, again, not every indecision and bearish candle is a setup. We need lots more. First of all, as mentioned, we need that prior trend. We need that exhaustion. Then we’re looking for other clues. Don’t forget to look at the price Now a lot of people fail to look at the actual right-hand side of the chart, which is the most important, and that is the actual price. You have to look to see why that indecision and then potential reversal has happened. Why has it gone up and gone no further? Why is it stored there? Looking at the price will give you a really good clue and indication of maybe that the indecision candle or the pin bar’s gone up and it’s hit a round number. Now I call a round number anything ending in 00 or 50 and so the price has gone up, hit that strong level. The sellers have now started to take over and it’s driving the price down. Now you have a reason why that candle formation is happening. You could also look back across the left on your chart and you could go across and go, that’s interesting. The last time the price got to this level, it reversed. It’s gone and down its price action. It’s now come back and it’s formed an indecision candle and it’s exhausted at that same level that it did back on the left-hand side of

Now is the BEST time in 18 years to trade the Forex market Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course #470: Now is the BEST time in 18 years to trade the Forex market In this video: 00:28 – The best time to be trading the Forex market in 18 years 00:56 – I’ve seen all trading conditions in my time as a trader 01:23 – What are your trading options right now? 03:06 – Inflation and interest rates 05:00 – The cost of shipping 06:02 – What are you going to do about it? 06:43 – About to lose your job? 07:10 – Blueberry Markets is my broker of choice 07:35 – My 5 Star rated Forex Coaching Program Right now is the very best time I’ve ever seen in the last 18 years to start trading the Forex market. Let me explain why right now. Hey, there, traders. This is Andrew Mitchem here, the owner of the Forex Trading Coach with the video and podcast number 470. The best time to be trading the Forex market in 18 years And I want to explain to you why I think after 18 years of trading the Forex market, right now is possibly the best and the most important time of why you should really strongly consider trading. If you’ve not traded yet, think about it seriously, getting into it now. If you have started to trade and it’s just not working, this is also for you because right now is the most important time. Let me explain why. I’ve seen all trading conditions in my time as a trader After 18 years I’ve seen all sorts of different things happen and conditions in the market, et cetera. All that has happened, presidents, different things have come and gone, troubles around the world, whatever it might be. COVID, all these things have happened. Okay. But right now, going forward, there looks to be, doesn’t matter where you live in the world, so much uncertainty. What are your trading options right now? Now, what options do you have right now if you’re looking for investing or just surviving? And I mean that quite seriously, because give you an example. This morning, I was listening to the radio station. And on there, there were two articles back to back which really made me wake up and open my eyes about what’s happening. And one of them was a local council guy talking about how they had invested their money. One of the local councillors here in New Zealand had invested quite a substantial amount of their cash and surplus funds into an investment firm. JBWere was the one, they mentioned it so I’m going to mention it. And how they had lost 6% in the last year on their funds through this expert investment firm. An investment firm where they’re talking to them, explaining why that their portfolio gone backwards and all the different things happening in the world. Basically, giving all their excuses. But ultimately, the result is everybody who is a great payer of this particular local council, their funds have gone backwards. You take that and think about you doing the similar thing. You go and put your funds with these experts. And I’m not saying all of them, and I’m not even saying that the one I’ve just mentioned is particularly bad or good. I’m just saying they were the ones mentioned on this particular radio station this morning that I heard. And when you think about that, you have so little control yourself. You’re not really knowing what’s going on. That was the first news story. Inflation and interest rates The second story straight after that was another guy coming on, talking about all the doom and gloom that’s happening and coming regarding inflation and the cost of living. Now, again, it doesn’t matter where you live in the world, your price of food, your price of fuel, your price of just goods, commodity services has gone through the roof over the last few years. And they were talking about the knock-on effect of that. And they were also talking about how to overcome inflation. All these global again, so-called experts who run these things are looking at putting interest rates up, which they’ve already done pretty much, most countries around the world over the last little while, last few months. But are likely to keep doing again. What’s that going to do? It means that people on mortgages, on home loans are going to come off of what has been traditionally some fairly low rates, all of a sudden, going onto massively high rates. What does that mean for you? Well, it means, of course, your cost of living, your mortgage, your ability just to tread water to survive is going to cost a lot more. Add on top of that, the food, the fuel, the everything else, and you can see how it’s going to escalate. And then what that does is it leads on to your discretionary income. You’re going out to restaurants and cafes and cinemas and buying investment properties, or going on holiday or vacation, buying a car. Whatever it might be, all that becomes less and

Come and Join our Facebook Group Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course #469: Come and Join our Facebook Group In this video: 00:30 – Join my Facebook Group for a small monthly fee 01:12 – Content on the Facebook Group 02:30 – For less than a cup of coffee each day 03:23 – Take a look at Blueberry Markets 04:12 – Try us out on the Facebook Forex Insiders group Would you, for a small fee of less than a cup of coffee per day, like to join my Forex Insiders Facebook group? If it sounds like something you’re interested in, listen up, I’ve got some great news to share with you. Join my Facebook Group for a small monthly fee Hey traders, it’s Andrew Mitchem here at The Forex Trading Coach with video and podcast number 469. And you’ve heard it right, a lot of people come to me and say, “Andrew, look, I’d love to join your full coaching programme, but right now I cannot afford it. And I’d like to see if there’s some way I can learn from you, but from a monthly fee instead.” And so, as a result of that, a little while ago, I put together a small Facebook group, and it is different to the full coaching course, without a doubt. It is not the full coaching course. I just want to be up front and let you know, it’s nowhere near the level of the full coaching course, but for less than a cup of coffee price per day, it gives you an incredibly good course with a lot of valuable information. Content on the Facebook Group You see, there are around 30 videos on that Facebook group and they give you the breakdown of my strategy. Small videos, easy to follow, easy-to-learn videos. There are about 42 weekly video recordings right now, and each week going forward, I hold a live 30-minute webinar for the Facebook group. And on that session, we talk about trades that we’ve taken over the last week. We talk about different topics that people need help with. And we look at upcoming trades live in front of you. And as mentioned, all the recordings get available or are available there for you to watch as well, plus every week going forward. On top of that, I also give you access to my daily chart trade suggestions and the strength and weakness analysis that I post each day on certain currencies, where I see as likely they’re moving up or likely they’re moving down, plus specific chart trades based off the daily charts for the reasons I’m taking the trade, plus the exact entry and exit levels. Look, it’s really a great option for you if you’d like to maybe just check us out, see what we’re all about. You might have heard some fantastic things for us and you’re not ready to jump onto the full course, but this gives you that stepping stone for a small fee. For less than a cup of coffee each day Look, the fee is $47 for the first month, US, and then $97 a month going forward from there. When you think about that, it gives you everyday daily trading suggestions. It gives you the strength and weakness analysis. It gives you a live webinar each week, all the previous webinars and lots of videos on the now and going forward. So tonnes and tonnes of really valuable information, plus you can ask questions via the Facebook side as well. So if that sounds like you, I’ll put a link here for you to jump on board and to follow along and to decide of it’s for you. I’ll leave it as that there for you to make that call, but it really is a good first option for people. And of course, it’s a monthly fee. You can cancel it anytime. It’s purely up to you. But for way less than a cup coffee per day, you can jump on board and learn how to trade properly. Take a look at Blueberry Markets Now, if you’re looking at somewhere to place your funds and somewhere to trade through, I can highly recommend Blueberry Markets and they are based over in Australia. They can take clients in most countries around the world. If you’re in the US and a couple other countries, then you cannot go there. If you are in the US, I suggest … a lot of our clients go through OANDA and talk very highly of them, but for everybody else, I also suggest you have a look and consider Blueberry Markets. They’re a very good option and they have the MT4 and MT5 platform, fantastic customer service. You won’t beat them on customer service, actually. They are really, really good. Good segregated accounts, ASIC regulated within Australia. Basically, all the things you look for, for a good broker type spreads, the commission accounts, everything like that. So have a look at Blueberry Markets. I will put a link to them as well. Try us out on the Facebook Forex Insiders group But if you’re interested in finding out more about us, taking that first step towards probably at the end, the full coaching programme, that’s up to you, have a look at the Facebook grou

The 5 Biggest Mistakes Most Traders Make Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Click here to watch more of my Weekly Video and Podcast. #468: The 5 Biggest Mistakes Most Traders Make In this video: 00:32 – Stop making these mistakes 00:48 – #1 Most traders lack a trading strategy 01:39 – #2 Lack of understanding about correct money management 02:45 – #3 You need high reward:risk trades 03:45 – #4 Knowing when to trade 04:33 – #5 What is the price? 05:39 – Blueberry Markets 06:20 – Contact me for future video topics I’m going to cover the five biggest mistakes that I see most traders out there making and help you so that you can stop making those same mistakes and turn yourself into a profitable forex trader. Let’s talk about that and more right now. Stop making these mistakes Hey traders, it’s Andrew Mitchem here at The Forex Trading Coach with video and podcast number 468. I want to give you five really important points today and they are the five points that I see that most traders out there are making with the aim to help you not make those mistakes and therefore to improve your trading. #1 Most traders lack a trading strategy So, first thing I see, and these are really in no particular order is people don’t seem to have a strategy. They don’t know what it is that they’re looking for and therefore they’re just kind of trading on a bit of a hunch. They have heard something on the news, or they’re just randomly taking buys here and sells there or this indicator might cross over that one, but they don’t really know what they’re doing. So I think a lack of a clear strategy is one of the biggest failings of most people out there. And to me, a good strategy means that you have full confidence in it. You know exactly what you’re doing when you’re doing it. And it will work equally as well across all different timeframe charts, all different markets, all different times of years, et cetera. So you need a good solid trading strategy. That’s the first thing that most people are failing on. #2 Lack of understanding about correct money management The second thing is that most people really do not have any idea when it comes to correct money management and people will just place a trade. I think MT4 or MT5 is defaulted to one standard lot. So they just press buy or sell one lot or 0.1 lots or 0.01 lots. They don’t really know about money management and how to correctly position your trade size. And the reason that people don’t know that is they don’t know where they’re putting their stop loss or anything like that in order to calculate that people don’t know that different currency pairs make or pay different amounts per pip, depending on what your account denomination is so whether it’s in US dollars or euros or New Zealand dollars or Canadian dollars, things like that. And if you’re trading the Euro-US with a US bank account, as opposed to the Euro-US with a New Zealand bank account, you’ll get paid different amounts per pip. So people don’t understand that and they just put random lot sizes on and not calculate that properly. The issue therefore is they don’t have controlled risk on their trades. #3 You need high reward:risk trades The third thing leading on from that is they don’t understand about high reward to risk trades. And therefore you find a lot of people will say, “Hey, I’ve got a 90% winning system, but I’m still losing money,” and that becomes the problem. People take lots of small little gains and then have one big loss and it wipes out all those small gains plus lots more. And then you have another loss and you’re massively going backwards. Then you might have a few small gains just to call yourself back and then another big loss. So not understanding good reward to risk is crucial and also leading on from that. Most people don’t know how to get high reward to risk trades. They just don’t know what they need to do in order to do that. They might have just a crazy little stop loss possibly, but of course it’s going to get stopped out all the time. So understanding the need and also how to get high reward to risk trades is another big issue. #4 Knowing when to trade A lot of people don’t understand when to look for a trade and even what timeframe to look at. So people tend to trade when it suits them or when they put the kids to bed or they finish dinner or something like that. Or maybe before they go to work in the morning or on the lunch break, things like that, depending on where you live in the world and when the market’s active or not. People just don’t seem to know when to trade. That can lead to all sorts of confusion and it could lead to one timeframe potentially telling you to buy, another timeframe having you to sell

The Trend Is Your Friend & How to Profit from it Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Click here to watch more of my Weekly Video and Podcast. #467: The Trend Is Your Friend & How to Profit from it In this video: 00:26 – Trading the trend 01:15 – Why did I take this trade on Silver? 02:57 – Can you trade reversals? 03:45 – One of the best FX brokers is Blueberry Markets 04:57 – Ask me questions 05:25 – Follow my free daily strength & weakness analysis The trend really is your friend, so how do you profit from it? Let’s talk about that and more right now. Hey there, traders. This is Andrew Mitchem here at The Forex Trading Coach with weekly video and podcast number 467. Trading the trend You’ve all heard the phrase, “the trend is your friend.” It certainly is. But how do you trade the trend? How do you make it your friend? How do you profit from it? That’s the most important thing, isn’t it? So I want to give you some actual live examples. I was just putting everything together to make this video for this week, and right behind me on our forum site someone about 10 minutes ago at the top of the hour wrote and said, “There’s a great looking sell trade on silver on the one hour chart. XAGUSD on the one hour chart.” Went and had a look at my charts, go absolutely this is an amazing trade, taking it. It’s over my shoulder here, it’s dropping right now and it’s in profit already and I only put the trade on a few minutes ago. Why did I take this trade on Silver? Why did I take the trade? Well, as I mentioned the trend is your friend and it really is. So for this week I’m looking at shorts on silver against the US dollar. For today, I actually wrote a specific trade on the daily chart selling silver. When we also looked at the 12 hour charts, we had a fantastic setup. Guess what? Selling silver. Now, right now just a few minutes ago, there is a sell trade on the one hour chart on, you guessed it, on silver. So I’m trading with the trend. Now if you look at the one hour chart for the last number of hours, it’s actually pulled back upwards. So there’s been quite a little bit of bullish momentum. But where did it stall? It stalled exactly at the $20.00 level, a massive, massive round number for silver. It stalled there, right on 20. It’s had indecision on the previous one hour candle, and the one hour candle that’s just closed just a few minutes ago, right behind me right now live, it has formed a strong bearish candle. We’ve had hidden negative divergence from off the middle Bollinger band below the pivot point, all things that we look for as well. Trend line breaks. Everything is on that trade right now. But more importantly… I suppose, just as importantly, we have the setup on the one hour candle, but we have the short position there. We already have a short on the 12 hour and the daily. So in other words, we are trading with the trend. Can you trade reversals? Yes, you can take reversal trades and yes they look really quite cool and really quite dramatic on your charts. Yes, you can show a massive, massive down trend and you’re taking a buy trade against it, and yes they can work. But would you much rather take a continuation trade when you have everything all lining up. The bigger picture is lining up. You’ve seen that little pullback on the short time frame and then it’s the opportunity to ride it down again. That has to be the high probability way of trading. Right now, I’ve got a decent red candle behind me live. Right now the trade’s in decent profit. So that’s how you can use the trend to make it your friend. One of the best FX brokers is Blueberry Markets Now talking about friends, if you want to a decent broker, and you want to go somewhere that’s friendly, and you want to go somewhere that’s good, and you want to put things in your favour exactly like trading. Do yourself a favour, go and have a look at Blueberry Markets. I’ll put a link to them on this page or podcast, whether you’re watching, listening. You can go and check them out. You’ll notice that last week I sent through an email, if you’re on my database, regarding Blueberry Markets and some of the great feedback that I’ve had from clients and people who are not clients through The Forex Trading Coach who have gone to Blueberry Markets, and the feedback I get without exception every time is fantastically positive. So if you’re looking for a broker, go have a look at Blueberry Markets. They’re over in Australia. If you’re in America, sorry you can’t trade to them. But from pretty much most other countries around the world you can. If you are in the States by the way, the broker that we do recommend if you’re in America is OANDA. Have a look

Is the TFTC Program suitable for New Traders? Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course #465: Is the TFTC Program suitable for New Traders? In this video: 00:26 – Is the TFTC Course suitable for new traders? 01:36 – Being new is a good thing 02:32 – More experienced traders are harder to un-teach 03:06 – You’ll spend so much wasted time learning by yourself 04:13 – Invest in yourself at the beginning 05:55 – 5 trades taken on our live weekly webinar 07:10 – Take a look at Blueberry Markets 08:37 – Give yourself the best shot at making trading work for you Would our forest coaching programme be suitable for you if you are brand new to trading and you’ve never traded before, let’s get into that more right now. Hey traders. It is Andrew Mitchem here, the owner of the Forex Trading Coach with the video and podcast number 466. Is the TFTC Course suitable for new traders? Now I’ve been asked recently by quite a number of people by email and in person here in Nelson about learning how to trade, and a concern that so many people have is that they’re brand new to trading. They know nothing about it, and they want to know how to take the next step. But there’s so much going on in their mind, like where do you trade through? Who do you put your money with? Is it us? Is it with someone else? How safe are those funds? How do you play to trade? What is it that you’re actually doing? Is it like stocks and shares? Am I buying crypto? All these different things that people have going on in their mind, and it becomes like information overload. And it’s like anything new, you need to find a source where someone can hand hold you and take you through the suggested steps to make that process easier for you. And it is quite a straightforward, easy process. It’s just that if you don’t know where to start, it all becomes a little bit too much and you have too many questions. So therefore, it becomes too hard, so you don’t do it. Being new is a good thing Now, absolutely if you are brand new, you’ve never traded, but you’ve heard about trading. We can definitely help you 100%. Absolutely. We are the right place for you to come to, because we can take you through that step-by-step process. We can suggest some brokers to you, show you how to start on a demo account. What type of platform to look for, how to place your trades, let you know about what it is you’re actually doing. What markets are you trading, what’s the actual process, why are you buying or selling currency pairs together? You know, what is it that you’re doing. And all that is before you actually start the strategy and the understanding, which is the main part of what we teach. But in my opinion, I think that if you are brand new to trading, you’ve never really traded before. You might have had a bit of a play on a demo possibly, I think you’re actually in the best position to make this work for you. More experienced traders are harder to un-teach Now, sure, it may take a little bit longer, like anything new but if you come to us and you’ve been trading for quite a while and you keep jumping system to system and you’re on this forum and that forum, and then this EA and then this indicator, those type of people become harder to teach because they’ve got so many bad preconceived ideas from other strategies and other systems. Whereas if you are new, you don’t really know anything. And so what we teach you is all you need to know, and you are learning exactly what you need to know in the right order. And from your point of view, that makes things so much easier because You’ll spend so much wasted time learning by yourself I can guarantee you that if you don’t find yourself a good strategy, good mentor, good programme, you’ll pretty much guarantee to spend several years going round in circles. How do I know that? Well, I hear it all the time and I have done that exact same thing myself. I spent four years just going around and around and around. The next latest, greatest system, holy grail strategy, I was into it. The next latest, greatest expert advisor, I was into it. The next latest, greatest indicator and making tweaks to different settings on indicators, I was into it. And none of it worked, absolutely none of it worked. You know, you pick up little bits here and there, but it didn’t really work. And that is your danger is the frustration. In terms of the time you will waste, the money you’ll waste, and you will likely give up or blame the market and it won’t work for you or you just lose funds. And you get into forum sites, you find another great system, you have an argument with someone, it just turns to… It just makes it’s a big mess. Invest in yourself at the beginning And that’s why if you start by investing in yourself straig

Can You Travel and Trade? Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Click Here to Checkout my 30 Minute Trader Trip in 2019 #465: Can You Travel and Trade? In this video: 00:28 – Trading and travelling 01:25 – The World is slowly opening up again 01:57 – 30 Minute Trader Trip in 2019 https://theforextradingcoach.com/the-30-minute-forex-trader-updates.html 03:21 – I’m travelling and trading this week 04:32 – My strategy works 05:07 – Have a look at Blueberry Markets 06:12 – Get trading and travelling again Can you travel and trade at the same time? If you can, if your system allows you to do that, then you have yourself a fantastic strategy. Let’s talk about that more right now. Hey traders, it’s Andrew Mitchem here, the Owner of the Forex Trading Coach with the video and podcast number 465. Trading and travelling Now trading and travelling is something that if you look online, you see these images or these red flashy sports cars, and people sitting there with a laptop. And you see images of this lovely lady sitting on the beach with her charts open on her laptop. Can it be done? Well yes, but I mean you’re going to get sand in your laptop if nothing else. So, the image that people portray of the flashy lifestyle, I would prefer to be more realistic about things. And the point of this video and podcast is to let you know that if you have a strategy that does not take too much time up of your day, out of your day, you can trade and travel. And look, there’s nothing better than being able to be travelling and doing things that you want to do and enjoy travelling. And at the same time, making money through your trading. The World is slowly opening up again Now, as the world’s slowly starting to open up, well it’s slowly over here in New Zealand. Sounds like the rest of you and the rest of the world are carrying on with things pretty much as per normal. So, well done you. But as things are starting to get back to some form of normality in terms of travelling and people going on holiday and vacation, the ability to do that, take your laptop with you, and to look at your charts once, twice a day, and to make money trading whilst travelling is such an appealing part of being a Forex Trader. 30 Minute Trader Trip in 2019 https://theforextradingcoach.com/the-30-minute-forex-trader-updates.html Now back in 2019, if you’re following me back then you would’ve seen the videos. If you’re not, I actually still have the link on the homepage of my website and I’ll put a link under this video and podcast, so you can go and watch it again. But back then in 2019, I went over to France and to England with my family. And in the four weeks from leaving New Zealand to coming back, I recorded a series of videos of the trades that we took on just the daily and the weekly charts. All of the trades were posted from our website. So, you can go back and watch the videos of me with the trades in real time, taking them, seeing them on the membership side, et cetera. And as a result of being away and trading between 10 and maximum 30 minutes each day and of course, that’s travelling to New Zealand on a 26 hour flight each way as well. But as a result of that four weeks of trading and travelling, we made a 12.79% account gain with very, very small draw downs. Really low risk of only a quarter to a maximum of half of 1% risk per trade and a 12.79% gain whilst travelling to the other side of the world and back. And enjoying lots of family and friend time and visiting the sites, et cetera. So, it shows what can be done. I’m travelling and trading this week And just this week, as I’m recording this, I’m travelling up to the north island. It’s my son’s 21st birthday. So, we’re heading up there to celebrate at the weekend. So, by the time you get to watch this, I would’ve already been there. But the point is, is that we can trade and travel and nothing changes. And that’s the beauty of it once you have a strategy that works. So, make sure that you have a strategy that allows you to live and enjoy what you want to do and make trading a part of that. The danger, as I mentioned in last week’s video and podcast when I talked about people who just say, “Look, I’m just taking so much time out of my day and night watching charts, trading five, 15 minute timeframes.” That might all sound good and scalping and everything else but look, reality is not good. And you cannot do things if you’re forced to be at the charts all that time. And then the danger is that your trading takes over your life and then things will start not going well with your results. And then you’ll give up and you’ll blame trading and everything else, and it all goes wrong. My strategy works The reason why after 18 years I’m still trading and loving it and doing well

How Much Time Do You Spend Trading Each Day? Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course #464: How Much Time Do You Spend Trading Each Day? In this video: 00:25 – Results from my survey 01:31 – 2 easy fixes 03:18 – My first client trades MN1 and W1 charts 04:01 – I publish D1 chart trades every day 04:55 – Take a look at Blueberry Markets How much time do you spend each day looking at your charts? I bet it’s too much. Let’s see how we can help you reduce that right now. Hi, traders. It’s Andrew Mitchem here at The Forex Trading Coach with video and podcast number 464. Results from my survey Now, earlier this week, I sent out a survey to people on my list and I asked them what their biggest issue is in trading right now. And a lot of people came back with the answers that you would expect, with lack of strategy, not understanding money management, too many indicators, not knowing which way to trade, stop losses, all those type of things, but a point that came out, which was really, really quite common and quite scary in some ways, is that so many of you are spending so much time looking at your charts, glued to your computer screen, thinking that that’s the right way to trade. And pretty much everybody who wrote back who is, they’re not clients, by the way, these are just non-clients, but pretty much everybody that wrote back is either making a little bit, breaking even, and the vast majority losing. And there was quite a common theme between people just not making money, but spending way too much time trying to lose money. Not a good combination. 2 easy fixes So two easy fixes that I have for you, which will absolutely change your trading around. Number one, look at the longer timeframe charts, without a doubt. Most people were saying, “Look, I’m scalping, and I want to scalp, and I want to take lots of trades, and take five-minute and 15-minute chart trades.” Just do not do that. Start on the longer timeframe charts. If you are struggling to trade, I’d suggest you wouldn’t do anything shorter than a four-hour chart. But look at the longer timeframe charts, at least look at the dailies once a day. That would be my first pick. Get longer timeframe charts, less chart time, more quality, less trades. And the second thing is only look at your charts at the close of a candle. So you don’t need to be sitting there, watching every pip move up and down, worrying about a five-minute candle or a one-minute candle, stressing that it’s now green, now it’s red, and, “Oh my goodness, what am I going to do?” Don’t do that. Get on the longer timeframe charts, look at the close of a candle. If you are trading four-hour charts, you know when to look at your charts, you know when the market opens, you know when the four-hour chart closes because it’s four hours after it opens. It’s not difficult. And that blows me away, when people go, “Well, when do the four-hour charts change?” Well, look at when it opens, and four hours means it’s going to close four hours after that time. Again, it’s not difficult. People here who want to be currency traders in a professional business, but cannot work out a simple thing like when a candle opens and closes, you got to do your research, guys. And you’ve got to understand these simple, simple, basic things to get somewhere in your trading. So longer timeframe charts, look at the close of a candle. That will fix a lot of your issues. My first client trades MN1 and W1 charts But my very first client who I went over to [inaudible 00:03:05] in Australia, he owns a restaurant, and several restaurants, I think now, he still today, to this day, trades monthly charts once a month and weekly charts each Monday, and that’s it. That’s all he does. And he’s still trading some 13 years later after I flew over there and taught him how to trade my strategy. That’s it. He would be trading maybe 10 minutes once a week, that’s it. Still making money, still loving his trading, can do it with his work. So you do not have to be sitting there, spending like 6, 8, 10, 12 hours a day glued to charts, watching every pip move up and down. At least I suggest you get on to, and like I mentioned earlier, look at the daily charts once a day. I publish D1 chart trades every day Now, I publish for our full clients, our full coaching programme clients, trades based off the daily charts, each day on our membership site. They have been profitable every single year since I started in 2010. Every single year. There will generally be one to maybe five trades per day. Some days, there are no trades, Today, there were no trades. So instead, we then went through the shorter timeframe charts, and instead we published two six-hour chart trades for our clients to follow, because there were nothing and ther

The Advantage of Trading with Limit Orders Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course #463: The Advantage of Trading with Limit Orders In this video: 00:27 – I love trading with Limit Orders 01:01 – They help to remove the emotion from my trading 02:48 – Examples of why I use Limit Orders 04:39 – Have a look at Blueberry Markets 05:39 – Start using Limit Orders for high Reward:Risk trades As a trader, what are the advantages of using limit orders, and why do I use them so much in my trading? Let’s talk about that and more right now. Hey traders, it’s Andrew Mitchem here at the First Trading Coach with video and podcast number 463. I love trading with Limit Orders Now I make no secret about it. I love using limit orders. I’ve used them for years and years. Been trading for 18 years, and probably around the last 15 years, ever since I discovered the power of using limit orders and how to use them properly within our strategy, they have made a massive, massive difference to my trading results. One of the reasons why I like using them is because you will pretty much always get a higher reward to risk than you would by entering, let’s say, at the market or a stop order. And I’ll explain with some examples shortly. They help to remove the emotion from my trading But I also like them because it helps take the emotion out of my trading, because I trade on the close of a candle. If I’m not there at exactly the close, it doesn’t matter, because on my trades, I’m looking for, let’s say, on a buy trade, I’m using a buy limit. So that means I’m buying when the price first drops. So if I’m not there, panicking and stressing about taking a market order and working out my correct position size and where my stop loss needs to be, and oh no, the market’s moved up, and I’ve missed out. I don’t do any of that because I see the setup, and then I can quite easily analyse where my entry using my buy limit needs to be, and my stop, my profit, work out the stop loss size, work out my position size, and it all takes literally… I use a script that does it all for me. But you can even manually do that in about 30 seconds. And then you’re taking the trade based on a sound decision rather than an emotional reaction. I’ve got to get in. I’ve got to get in. So a lot of advantages there in terms of the actual practicality of your trading, but also the results, because your reward to risk will be so much better. Now, if you’re taking a buy limit and the price does not fill that limit and it just takes off in your anticipated direction, but without first filling the trade, that’s fine. You just miss the trade. You don’t gain anything, but you also don’t lose anything out of the trade. And of course you can split your position like I do on my daily charts and my weekly monthly charts by taking part of my order at the market and part of it retracement. If I’m trading shorter timeframe charts, like 12 hours down to two hours, I take only limit orders because the amount that the price needs to move to get back to a limit order and fill it is less. So I love limit orders. Examples of why I use Limit Orders Now, as an example, if you took a market order trade with a 100 pip profit target and a 60 pip stop loss, that gives you a 1.6-to-one reward-to-risk trade. It’s an okay trade, and it’s going to give you a pretty good, reasonable reward to risk. Not massive, but okay. You take the exact same trade, and you use a buy stop order, so that means to buy above the current price, the same profit target, the same stop loss, and let’s say instead of 100 pip profit target, 60 pip stop, you entered 20 pips above. That means you’re now getting an 80 pip profit target for an 80 pip stop loss. All of a sudden you’ve reduced your reward-to-risk to only a one-to-one reward-to-risk. However, using the way that I trade, you’re using a limit order. So now you’re going to buy if the price drops 20 pips from its current position. You’re not there waiting for it. You just put the limit order on and leave the trade. So now using the exact profit target, exact same stop loss, you now have yourself a 120 pip profit target for only a 40 pip stop loss. And that means now, if your profit target gets hit … Don’t forget: The stop and the profit are identical. It’s just where you enter. You now get yourself a three-to-one reward-to-risk trade. So we’ve gone from a stop order of a one-to-one, a market order of a 1.6-to-one, to a limit order, to a massive three-to-one reward-to-risk. You can see the enormous change that that makes in your trading results. So I highly recommend that you consider using limit orders within your trading. Have a look at Blueberry Markets Now, if you’re looking at som

Can You Make Automated Forex Trading Really Work? Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Find out more about my TFTC Pattern Trader #462: Can You Make Automated Forex Trading Really Work? In this video: 00:28 – The advantages of automated trading 01:31 – We created and launched TFTC Pattern Trader in 2020 02:31 – We’ve automated my manual trading strategy 03:03 – Live account up +6.8% this week 03:35 – How it works 05:55 – Check out Blueberry Markets 06:45 – Please like and subscribe & email me your questions Can you make automated Forex trading really work? It’s something that people have struggled with for years. 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 462. The advantages of automated trading Automated trading. It’s something that people have been looking to do properly for years and years. It’s something that has so much appeal because you can basically set it up, leave it, set and forget. It trades for you, five days a week, 24 hours a day. Just does everything. It sticks to the rules. It’s perfect. But as you probably know, if you’ve been trading for any length of time, and if you’ve tried automated trading, or if you purchased EAs or expert advisors, any type of robot system, you’ll probably know that it doesn’t work and that it has failed. And I’ve personally had so many attempts and trials and goes at making automated trading work over the years, and right through from TradeStation, probably about 15 years ago, through to getting people to write code for me, through to buying those bits of software that you can create your own expert advisors, and it spits out the code for you. Tried everything and none of it works. We created and launched TFTC Pattern Trader in 2020 And so that’s why, about two years ago, we launched our own automated trading software, which does work. And we have overcome all of those issues that people have traditionally had issues with and problems with. And we are very conscious of the fact that the people have so many indicators and they over-optimise things and they make it look absolutely awesome in hindsight. And as soon as the day you put it live, it just fails. It goes downhill like a lead balloon. It takes your account out and it’s just a waste of money and time. So we’re very conscious of that when we started developing our software. It’s called TFTC Pattern Trader the TFTC, of course, for The Forex Trading Coach Pattern Trader. So have a look online, tftcpatterntrader.com. I’ll put a link to it below on this post, so you can go and find it and have a look. By the way, there’s a free 10 day trial to the most basic version. You don’t get to trial the full thing, but there’s videos showing you what that does include. We’ve automated my manual trading strategy Now, one other things we did is we took my manual trading strategy and we tried to automate it as best that we can. And you’re never going to have everything exactly perfect because the human eye and the brain can figure out a lot of things that you cannot programme. But likewise, there are so many advantages of it, such as, it looks all of the time for you. It takes the trades to the set rules and the right risk management, et cetera. So there’s pros and cons to automated trading as there are manual trading. Live account up +6.8% this week But to give you an idea just this week so far, I am up 6.8% on my live account. I’m risking only half of 1% per trade, and I’m up 6.8%. I haven’t taken a trade. I haven’t touched a thing. It’s 100% automated and I’m up probably what my bank’s going to pay me in at least two years or three years. And I mean, I’ve made that in a week. Does it make that every single week? No, of course it doesn’t. But it can do that, when the conditions are right, for the bots that you’ve created. How it works So the software in general allows you to very, very easily, no coding required, create bots using my strategy on different pairs, different timeframes, different markets as well. And you can then trial that software. You can actually back test it, but also you can forward test. So for example, you could go and back test the last say five years. But four of those will be back tested and the most recent year going forward, it will walk forward using the results and the settings that it created effectively a year ago. So you can see how it would’ve performed over the last year or whatever timeframe you choose walking forward. Really, really cool feature that. And it just adds a lot more realism to the results. To give you an example, we did an upgrade about seven months ago and the highest performer so far on a live account is up 43%

Protecting Your Future from What’s Coming Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course #461: Protecting Your Future from What’s Coming In this video: 00:24 – You and your future 00:52 – Governments don’t really care 01:29 – Record inflation globally 02:27 – Tough for small businesses 03:47 – What can you do to future proof yourself 04:50 – Cryptos are getting smashed 05:08 – Get onto one of my webinars It’s time to start thinking about protecting yourself and protecting your future. Let’s talk about that more right now. Hey, traders. It’s Andrew Mitchem, here at the Forex Trading Coach with video and podcast number 461. You and your future I want to talk about you, your future, what you’re going to do about it to protect yourself and your family. You see, there’s a lot of scary things happening in the world right now. Depends what you believe. It depends if you believe that all these long-term agendas are real or not, and how it may or may not affect you. I’m going to leave that up to you to decide. I’ve got my personal opinions on that. Governments don’t really care And it’s out there for everybody to do their own research, but what’s for sure is that governments around the world don’t really care about you. And I think that’s quite a fair statement. The last two years around the world have shown that with enforcements, with mandates huge record expenditure, and that’s coming through now, that will affect everybody regardless if your beliefs, politically, or medically, or what you think agendas are coming. Without any question, what’s happening right now and going forward will affect everybody. Record inflation globally You see, we’re getting record inflation around the world. Prices going up. Food prices going up. Shortages. If you’ve got a better land, start planting, start looking after yourself. Record fuel prices, shortages of those, shipping costs, electricity shortages, and costs, being forced to go certain ways if you drive vehicles. All these type of things are quite scary for the way that everyday life has been affected. You add onto that high interest rates and lightly only to get higher. So your costs are going up, your mortgages are going up. Any loans, debt that you have is getting more and more expensive. So you put all that together and you probably treading water all going backwards, and again, lightly to get worse. Tough for small businesses Small businesses, it’s harder and harder for people to employ people with rules, regulations, increase, labour charges. Today in New Zealand, we have a public holiday today that’s never been had today. It’s the first time of this public holiday. Our government created it a couple years ago, and today it’s a public holiday. It’s estimated, from what I’ve seen and read, to cost the New Zealand economy $440 million today in businesses needing to pay staff time and a half, loss production, all those type of things. Well, if you are a worker, fantastic, you get yet another day off. But probably most people, through various things that have happened in the last year, have had so many days off anyway with coughs and sneezes and public holidays. But think of it from the business owner’s point of view and the economy’s point of view. Yet more costs, yet less production, yet more stress on the owner. And all of these things are accumulating. Like I said, if you are the worker, great. If you are the business owner, and you’re thinking about this from a bigger picture economy, point of view, not so great. What can you do to future proof yourself So what can you do about this? Because I see quite a uncertain future for a lot of people. And future proofing yourself, and for me using Forex to do that is a big part of what I do. You see, you’ve got to start somewhere. And think of the analogy of when was the best or when is the best time to plant a tree. Well, it was 10 years ago or 20 years ago. That’s the best time to plant a tree. If you’re not planting a tree then, well, when’s the next best time? Today. Get planting today, get started today, get in terms of go out there and plant trees, but also, from a financial point of view. And growing your own self, your own education, when’s the best time to start? Today. Get learning, get working on how you are going to future proof yourself. How are you going to create passive income? To me, there’s no better way than doing that than the Forex market. Cryptos are getting smashed And the crypto market now is getting smashed. So you’d like to start thinking about future proofing yourself and finding out how to do that. Have a look at what we offer. We offer a course that’s been running and a strategy that’s been working and helping thousands of traders for the last

A Week of Rises and Crashes Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course #460: A Week of Rises and Crashes In this video: 00:25 – Outside in the middle of winter 00:40 – Massive moves in the markets this week 01:30 – Crypto’s are crashing 01:55 – What does this mean for us? 03:15 – Client makes +105% since April (in just 10 weeks) 03:54 – Blueberry Markets offer loss refunds 04:54 – Movements provide us with great trading opportunites 05:33 – Feel free to contact me directly It’s been a week of rises and crashes. Great opportunities for us in the Forex market and in the crypto market. Let’s talk about that and more right now. Hey, traders. Andrew Mitchem here at the Forex Trading Coach with video and podcast number 460. Outside in the middle of winter Wanted to get outside. Beautiful, crisp winter morning here. Not sure if you can see the snow behind me, but we’ve got a good dusting of snow on the mountains behind. And it’s just a beautiful time to be outside. I’m hoping to go for a flight at the weekend and go and check out that new snow. Massive moves in the markets this week But back to the charts. Well, what a week it’s been. Just massive rises, massive crashes, depending on what markets you’re looking at. With the interest rates around the world, last week, the Australians put theirs up by 0.5% or 50 basis points, expected to be 0.25. This week we’ve had the US, expected to go up by 0.5, went up 0.75, but the US then crashed, which is not what you’d expect, which is why we look at charts and not the news. The frank, when we were holding our live webinar last night, they put theirs up, expected zero change. It went up 50 basis points and the frank went massive, went through the roof. And then the British put theirs up by 0.25% as expected. Crypto’s are crashing Right now, Bitcoin, if you go back six weeks ago, back into the end of April, Bitcoin was about 40,000 US dollars. Today it’s approaching 20,000. It’s almost down to 20,000 as I’m recording this. Ethereum, a month ago, 2,200, today, 1,100. It’s halved. It’s crashed. It’s dropped by 50% in a month. Just unbelievable. What does this mean for us? What does it mean for us though? As traders, it means opportunity. There are opportunities everywhere with movements in the markets. And the thing is, it doesn’t matter whether I’m expecting the US to go up because they put their interest rates up and it went down, because on the charts, we were looking to sell the US anyway. And that’s exactly what happened. It doesn’t matter that Bitcoin and Ethereum are crashing, because we can sell them. When we see opportunities to sell, we can do that. In fact, about half an hour before I’ve started recording this, we’ve just taken a 12 hour sell on Ethereum because it’s pulled back a little bit yesterday and now it looks like it’s dropping again. Great opportunity to drive it down again and get out before the last swing low. So opportunities everywhere. Forget the news. Just trade what the charts are showing you. And there are so many great opportunities because of course, we can go long and short. We can buy and sell. It’s not like we bought Bitcoin at 60,000 and spent $60,000 on a Bitcoin and now it’s worth 20,000 and we’re all going, oh my gosh, we’ve just lost 40,000. Not like that at all. It’s complete opposite. We’re just buying and selling it depending on what we see at the time on the charts. I’ll give you an idea. Client makes +105% since April (in just 10 weeks) A client of mine who has used our breakout strategy, which is a strategy that we use just once a week, he’s adapted it onto different currency pairs. And he’s sent me his myfxbook link. He’s up 105% since April. And we are now the 16th, 17th of June. So, in what’s that? 10 weeks, he’s up 105% on his account. He’s had a 12% draw down. That’s all he had, and 105% gain. So shows what can be done there. He sent me his myfxbook. Happy to send you a link to that, if you want to have a look at it. Blueberry Markets offer loss refunds And another thing to let you know about. Blueberry Markets have told me that they are holding what they call, a bit of a loss guarantee for new accounts, if you don’t have an account and you’d like to open an account with Blueberry Markets between now and the end of June. It’s not applicable to Americans or Australians, but most other people it is. And as an example, if you opened up a $1,000 account with them and you had, let’s say a $200 loss, they would refund up to 20% of your loss. Or in other words, the $200 back to your account. Find out about it. Just have a look at Blueberry’s site. Contact them. And it’s something that’s actually quite good, if

Why I Trade Using Candle Patterns Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course #459: Why I Trade Using Candle Patterns In this video: 00:26 – Why I use candle patterns 01:01 – Brokers offer you multiple indicators 01:41 – I deleted everything and started again 03:13 – Not all candles are equal 04:08 – Candles show you what’s happening in the market 05:05 – Blueberry Markets as a good broker option I’m going to explain why I trade using candle patterns. Let’s talk about that and more, right now. Hey, traders. This is Andrew Mitchem here at the Forex Trading Coach with the video and podcast number 459. Why I use candle patterns This video is really important because it explains why I use candle patterns and why I believe you probably should do too, and how it will massively help you with your trading. You see, there are different ways of trading. You can be a fundamental trader, where you’re predominantly looking at news events, political events, those type of things, or a technical trader. I’m a technical trader. But even when you become a technical trader, there are still so many different ways of trading. And most people unfortunately get caught up in the hype and the glitz and the glamour of too many indicators. Why I use candle patterns You see, the Forex brokers are very, very good at offering you just an enormous basket of indicators. And everybody makes the same mistake when they start trading, as they think they are going to find this magical formulation of indicators that no one else has found. There’s a magical combination, the right settings, that just no one else in the history of trading’s ever discovered before. And this is what’s going to make it work for you and why you should have lines all over your charts. Look, I fell for it years and years ago as well. And it’s something that pretty much everybody who decides to be a technical trader will do so at some stage in their trading journey. So it brings me back to candles. I deleted everything and started again The reason that I became profitable is I got rid of all that mess on my charts, all those lines and arrows and stars and all those different things. You know what I mean if you’ve been trading with any form of indicators in the past. And I got back to candles. Why? Well candles tell me what’s happening in the market. They tell me where the price has reached to as a high, where it’s been as a low. So therefore natural support and resistance levels. It tells me there’s momentum. Is it moving upwards? Is it moving down? Is it indecisive? It tells me, when I look at what part of the chart the candle is in, whether there’s room to move. Do I have the ability to get to my profit target before hitting resistance levels as buy trades? And also the thing that so many people fail to do is they fail to look at the actual price. Now we’re trading Forex pairs, or you might be trading commodities or cryptos, whatever it might be. If you don’t look at the price on the right hand side of the chart, then all you’re doing is basically following lots of squiggly lines on your charts if you’re a technical trader, with too many indicators. You have to look at the right hand axis of your chart and look at the price. Why did that candle get up to that level? Oh, it’s because it was a round number. Oh, look, it happened several candles ago, or several days ago, or weeks ago, it hit that level and it reversed. And so all those type of things are really important for you to consider when you’re trading with candles. Not all candles are equal Now, another great thing with candles is, like I’ve said, they can show you indecision. They’re not all equal. They’re not all saying you have to buy here or sell there. You could be in an up trend and all of a sudden there’s an indecision candle. And that then gives me two messages. One, if I’m already in a buy trade, look that buy trade may be coming to an end and it may not get to my profit target. And it may now be a really good idea to start managing this trade, maybe closing part of it out. There’s reasons why it may not continue up to my anticipated level. If I’m not in a trade and I’m seeing a big up trend, and then I see indecision that’s going, hey, there’s an opportunity here that if we get another candle that’s indecisive and then bearish, we could then be seeing this tip over. And therefore that becomes our selling opportunity. So that’s how you use the candles. Candles show you what’s happening in the market Also, they make life very, very easy for you to be easy to identify in a picture form, what’s happening in the market. Are there more buyers? Are there more sellers? And also it’s easy to then gain strength and weakness because you could go through al

How Much Can I Make from Trading? Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course #458: How Much Can I Make from Trading? In this video: 00:24 – How much can you make from your trading 00:59 – Made a +1.5% gain during the live weekly webinar 02:03 – What if I had risked more? 03:35 – If you want to trade for Prop firms 03:50 – Being self-employed and being an entrepreneur 04:53 – We’ve never missed daily trades or webinars 05:10 – The next tennis great? 06:17 – Take a look at Blueberry Markets How much can I make from my Forex trading? It’s a question that people ask me all the time. Let’s talk about that a more right now. Hey traders, it’s Andrew Mitch here at the Forex trading coach with video and podcast number 458. How much can you make from your trading Question I get asked all the time is, Hey Andrew, how much can I make? And when you think about it’s such an open ended question. It has so many variables in his answer that you can’t actually give someone a real answer. What I can say is that it comes down to your dedication, your hard work, how much risk you take, what type of trader you are, what strategy you trade. There’s lots and lots of variables, far too many to talk about on here. But I’m going to give you a few general ones. Made a +1.5% gain during the live weekly webinar Here’s a great example for you just last night on my live webinar, where I hold with my clients, I ended up making a 1.5% account game. I took trades on the U.S., Singapore dollar 2 hour chart, U.S. Swedish Croner 6 hour, the German 30 index, 6 hour, and the U.S. dollar index 6 hour. I actually had a buy trade that hit profit on silver against the U.S. on one hour chart in the session as well, but not including that one, because that was taken before we went live on the live trades that I took, that my clients could have followed copy taken. I personally made a 1.5% account gain, but I was only risking a quarter of 1% risk of my account, total per trade. Very, very small risk per trade, fantastic gains. And the reason I’m telling you that is when people say to me, Hey, what can I make? I go, well, I made 1.5% last night and they go, that’s okay. That’s not great. It’s not exciting. Think of it this way. What if I had risked more? If I risked 2 1/2% risk per trade 10 times what I risked, I would’ve made a 15% account gain in the night on the webinar in just two hours. Start thinking about that and you go, wow, that’s actually really impressive. A lot of people out there will tell you if you have a look on internet land and YouTube gurus and everybody else out there online that tells you how to trade. So many people will tell you should be risking up to 5% risk per trade. Let’s imagine if I did that, I would’ve made a 30% gain on my account just in the one night. And the danger of that is that so many people then get really excited when they hear 15% gaining in a day or a night, just on two hours or 30% even. And people get the wrong side of it and they go, wow, that’s just amazing. 30% in two hours. Where else can I do that? And while that is true, it all comes back to risk. And to me, you are far better off having that low controlled risk and being a consistent trader than you are to go 30% but 5% risk trade. It all depends on what suits you but my suggestion is you go low risk trade. The trade is still the same, but it’s just that you are got so much more control there and consistency becomes such an important part of your trading. Now, if you are at 30% gain, but you risk 5% trade and a few trades go wrong, not quite so good. If you want to trade for Prop firms If you want to trade for prop firms, you’ve got to go low risk per trade because they’re interested in making sure your draw downs are very low. And that’s why so many of our clients are doing really well on prop firms. Being self-employed and being an entrepreneur But also I wanted to let you know about another thing as an entrepreneur as a self-employed person for pretty much my entire life. Apart from a couple of years, I can tell you that when you are self-employed people don’t see the down side of things. People don’t see the behind the scenes. People don’t see all the hours and hours of dedication, the ups and the downs, the working long hours, the weekends, the early mornings, the late nights, whatever it might be, the highs and the lows, the self down people don’t see all of that. And to get anywhere as an entrepreneur, as a self-employed person, it can take a lot of time, effort, dedication, and determination to come through to where things are good. Is trading fantastic? Yes. Once you know what you’re doing. Is it just like the best thing you could do? Yes, it is. But once you know what you’re doing. Does it take time, effort, dedication

My 5 Trading Tips to Improve Your Results Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Click Here to Download my Lot Size Calculator #457: My 5 Trading Tips to Improve Your Results In this video: 00:35 – #1 Understanding Risk Management 02:26 – Download my Lot Size Calculator 03:02 – #2 High Reward:Risk Trades 03:59 – #3 Focus on a few Candle Patterns and Time Frame Charts 05:25 – #4 Forget Social Media and time wasting 05:57 – #5 Seek high quality trading education 07:22 – Bonus #6 – Blueberry Markets I’m going to give you five tips that will massively help change your trading results around. Listen up for those five tips right now. Hey, trader. This is Andrew Mitchem here at the Forex Trading Coach with video and podcast number 457. In this video and podcast, I’m going to give you five things that you can do right now today that will massively help change your trading around. Let’s get into those. #1 Understanding Risk Management Number one, you need to understand risk management. Everybody wants to see all the flash side of trading, all the results, et cetera. But in order to trade properly, you have to understand risk management and have to know how to control your risk. Because ultimately, one of the keys to staying in business and trading properly and trading long term is understanding controlled risk. And it’s all well and good when you see people that say, “Hey, look, I made $100,000 in a month and I doubled my account in two weeks.” None of that really counts. It’s all just one-offs, if at all it’s true. But the important thing for you, because there’s two things I always say to people who are new that control your trading. One’s up here, one’s your head, the other’s your heart. You’ve got to get those two under controls, to your emotions, psychological, all those type of issues under control. And to do that, you have to have low and controlled risk per trade. Now, most people out there all still, despite all these years of me banging on about don’t do it, people will still talk in pips. Forget pips. They will get you nowhere. They will not assist your trading. Do not worry about how many pips you make, lose, risk or anything like that. It does not matter. You try going down to the local shop and supermarket and go and buy something in pips. You cannot do it. Never have been able to, never will be able to. What you have to do is yes, you can measure number of pips you’re taking on a trade, but that then has to relate to your position size. And so, it’s your position size that’s the key to your trade. And what that means is, if you use the right position size on each individual trade, you can trade all timeframe charts, doesn’t matter what the stop-loss is. Doesn’t matter what the currency period is, whether it’s a crypto or FX or metal, it does not matter. Download my Lot Size Calculator Understanding that is very important. I have a Lot Size calculator that will help you with that. If you don’t have it, I will put link on this video and podcast somewhere for you to get it. It works on MT4 and MT5. You simply drag it onto the correct chart that you’re about to trade. It knows the account size that you have. It knows the trade that you’re about to take in terms of the currency. All you do is enter the risk that you want to take, and I recommend no more than half of 1%. And you enter the stop-loss of the size of the trade. It will tell you the lot size needed or the position size needed for that trade. Understanding risk management, number one, key. #2 High Reward:Risk Trades Number two, understanding that high reward to risk trades will be your friend. That is the way that you are going to make small little step back, big step forward, little step back, big step forward. That’s how you grow your account is by having high reward to risk trades. You see people that go, “Hey, I’ve got a 90% winning system.” Wow. It means nothing. If they’re making less than their risking. It means nothing. You have to be making two, three, four times what your risk is per trade. That is how you will get ahead in your trading. It also means you do not need to have a 90% winning system. In fact, a 50% winning system with an average of, let’s say a three to one reward to risk on your profitable trades will make you a lot of money and will make you a consistent trader. That was number two, understanding high reward to risk trades. #3 Focus on a few Candle Patterns and Time Frame Charts Number three, focus on just a few candle patterns and focus on some timeframe charts that are showing the best candle patterns. Look for your trades at the close of a candle. Don’t worry about looking at a four hour chart trade if it’s only been open for one hour. Don’t look at a one hour c

Trader makes +7.25% gain trading the 15 minute charts Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course #456: Trader makes +7.25% gain trading the 15 minute charts In this video: 00:35 – One of our clients makes +7.25% account gain in the week 01:20 – We only look for a trade at the close of a candle 01:54 – We don’t only trade the longer time frame charts 02:55 – Trade what suits you 05:05 – Take a look at Blueberry Markets 06:11 – Future trading topics One of our coaching clients made 7.25% account gain last week, trading only the 15 minute timeframe charts. Let me explain about that and more right now. Hey traders, this is Andrew Mitchem here at The Forex Trading Coach, with video and podcast number 456. Something a little bit different this week, and I mentioned it at the end of last week’s video and podcast, and I’ve had a lot of people saying they’re really wanting to know more about this. One of our clients makes +7.25% account gain in the week I talked about a client who just the previous week made 7.25% on his account. On the previous video, I think I was mentioning he made about 8.5%, I think it was, but he actually had a losing day on Friday when I made last week’s weekly video. So for the previous week he ended up, of the five trading days, he lost Friday and made four profitable days Monday through to Thursday, for a total net gain of 7.25% trading with only very tiny risk of a quarter to a half percent risk per trade. And he did that by trading between 45 minutes and one and a half hours per day on only the 15 minute timeframe charts. We only look for a trade at the close of a candle And the great thing with the way that we trade is you only look at the candle close. And so you know that if you’re trading for 45 minutes a day, he could have looked at four different timeframe charts, or four different closes. And if he was trading for an hour and a half, he had six closes on the 15 minute timeframe charts to look at. So he did that for the five days for a 7.25% account gain, only on the 15 minute timeframes. And when you think about that, that’s pretty good. We don’t only trade the longer time frame charts And a lot of people think that we trade just the longer timeframe charts. And personally, I tend to trade two hours and above, that’s just what suits me. But the great thing is from your point of view, is that our strategy works. And from our client’s point of view, the strategy works. And what that means is you have the ability to trade whatever suits you. Just because I’m now explaining about a number of our clients that are now jumping onto 15 minute timeframe charts, doesn’t mean to say you should go and do that, but only if it suits you. Likewise, if I’m talking about trades on 12 hour charts or daily’s or weekly’s, or even monthly’s, don’t just jump onto those timeframe charts if they don’t really suit you. On those, you’ve got to be prepared for them to be in a little bit longer and just let them do their thing. On a 15 minute timeframe chart, you’re going to be expecting really that you have to dedicate an hour or so per day and sit and watch those closes four times within the hour. But it just shows what can be done. Trade what suits you And that’s the important thing, it’s trading what suits you. But also, it’s trading what the market’s giving you. If you want to trade 15 minute timeframe charts, and you say, look, I’m going to dedicate one hour a day to do this, look at four times, don’t feel that you have to take lots and lots of trades just because you’re trading short timeframes and you’re there for that one hour. You’ve got to trade when the setups are there. And that can be shown through in the results that the clients are getting. And with this guy making 7.25% gain in just five days, what he’s doing is he’s actually taking most of his trades which are continuation trades. And that’s the important thing. If you’re trading shorter timeframe charts, don’t go for these massive reversals, and you’ve had a huge downtrend and you’re suddenly going to take a buy trade. Yes, sometimes they will work, but you’re far better off trading with the trend. That’s why we teach our clients and we post each day the daily analysis for where we see the likely strengths and weaknesses on certain currency pairs. We do exactly the same on the weekly timeframe charts as well, for the longer timeframes. But on a day-by-day basis if you’re seeing, let’s say, the Australian US dollar going up, and it’s been going up on your charts, the strength is with it and the Aussie’s looking strong all around, the US is looking weak, and you see a little reversal trade trying to trade the Aussie US down. It’s far l

Are You Still In Love with the Crypto Markets? Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course #455: Are You Still In Love with the Crypto Markets? In this video: 00:26 – An Incredible Week in the Crypto Markets 00:57 – Billions wiped off the market in the last day 02:12 – 401k becomes the 301k in the US 02:40 – All is not lost 03:00 – We can buy and also sell Cryptos 04:23 – Are you looking for a good broker? 05:47 – Next week, how a client has made +6% gain in the week on the 15 minute charts Are you still in love with the crypto markets, or has that love disappeared? What an interesting week it’s been. Let’s talk about this and more right now. Hey traders, Andrew Mitchem here at the Forex Trading Coach, with video and podcast number 455. An Incredible Week in the Crypto Markets As a crypto trader, if you’re into cryptos, what a incredible week this has been. Probably not that great if you’re a traditional way of trading the crypto markets. I was going to be talking about short timeframe charts this week. We’ve had one of our clients taken 15 trades this week on the 15 minute charts, and he’s up over 6%. But I’m going to cover that next week because I really want to talk about cryptos being so topical right now. Billions wiped off the market in the last day So, what’s happened? Well, billions have been wiped off the crypto market just in the last few days. Ethereum has plunged by 20% in the last day, in the last 24 hours, 20%. Bitcoin in the last day is down 11%, and 200 billion has been wiped off the crypto market in the last day. 200 billion, with a B, dollars. Incredible. That’s just in the last day. LUNA, it’s called ADA/USD, if you see it on your charts, it’s called LUNA. It’s down 99% in the last 48 hours. I’ve just looked at my charts. If you went back to the 5th of April of this year, just over a month ago, it was at $119, 5th of April. Today, 13th of May, it’s been as low as 0.001 of a dollar. I think that’s a 10th of 1 cent. So it’s gone from that on the 5th of April, $119, to today, 13th of May 2022, 0.001 of a dollar. That’s incredible. 401k becomes the 301k in the US I’ve also read an article regarding the US Retirement Funds, called the 401(k), which they call it over there. I’ve seen people now calling it the 301(k), a bit of tongue in cheek, but the reason they’ve done that is because 7 trillion, with a T, $7 trillion has been wiped off the stock market just this year. And we’re not even in mid-May, so it’s not looking great, is it? All is not lost But as always, we try to find solutions to these things. It is not all doom and gloom if you learn to trade your cryptos or your other markets the way that we trade, and to trade them with the leverage through the Forex markets or through the Forex brokers. The reason for that is quite simple. We can buy and also sell Cryptos We can buy and we can sell. We can go long. We can go short. And we can do that on cryptos as well. So for example, if you saw Ethereum or Bitcoin or even LUNA dropping, and you saw a reason to take a short position or a sell, we can jump straight into the market, or a limit order, a stop order, whichever you want, but you can get into the market and you can sell that crypto. And that is the difference with this, as opposed to going out there and mining, or going out there and spending what was last week about $46,000 for a Bitcoin. Today, it’s about 26,000, but you’re not actually going out there with that money or investing that amount of money. And you’re not with the traditional way, I say traditional, obviously cryptos are quite new, but with the way that most people trade cryptos is you’re out there just buying something hoping it’s going to go up. Not much good if you’ve bought LUNA at $119 about six weeks ago, and you thought, oh, I’ll just go and buy LUNA at $119. Let’s say you bought a hundred of them. Today, it’s worthless. But the ability to sell something that you’re not actually owning is what’s so different about the way that we trade and why we enjoy trading cryptos now that they’re available on a lot of these platforms. Are you looking for a good broker? Now, if you’re out there looking for a good broker that gives you the ability to trade cryptos and indices, commodities, and of course the Forex market, but to trade them in the way that we trade, I can highly recommend Blueberry Markets. But if you go to Blueberry Markets, go and choose and select their MT5 platform, because that has a lot more of the other non-Forex markets on it. I’ll put a link to Blueberry Markets on this video, post-podcast post, and you can go and check them out. Have a look, they’re a great broker, I’ve been with them for years and years. I’ve

Amazing offer from Blueberry Markets Podcast: Find out more about Blueberry Markets – Click Here #454: Amazing offer from Blueberry Markets In this video: 00:24 – Easter break 00:54 – Broker offers a great incentive 02:30 – Inflation continues to soar around the world 03:42 – How much has your wage increased in the last year? 04:27 – What are you doing to future proof yourself? 05:45 – Click on the link to join Blueberry Markets 05:56 – Join us at The Forex Trading Coach 07:16 – 11 trades posted today for our clients to learn and earn from I found a broker for you who is willing to refund some of your losses on your live account. Let’s talk about that a more right now. Hey traders. This is Andrew Mitchem here at the Forex Trading Coach with video and podcast number 454. Easter break Hope you had a great break over Easter. We had a really good time where we had spectacular weather here in New Zealand, and we took advantage of that, myself and my wife, we flew down to Dunedin, which is close to the bottom of the South Island. I did nearly eight hours of flying in the helicopter, for the week, and I had a great time. So I hope you had a great break too. Now, something different, a number of things to discuss with you on this week’s video on podcast. Broker offers a great incentive The first thing is, I was talking to Ben Clay, over at Blueberry Markets, last weekend. He’s put together a really fantastic offer, which I’ve never really heard of before. And I thought I’d just share that information with you. If you open a new trading account with Blueberry, between now and the end of April. So you’ve only got this week to do this. And if you fund it with a minimum of $200, they will refund 20% of any losses that you have on your account. So just check with them the exact terms and conditions. Say that you’ve seen this video or heard this podcast, and you’re interested in their offer. But I’ve I heard of a broker before, that’s willing to refund a proportion of the losses that you make. So it could be something that’s really worth having a look at. Now, I think there’s some terms and conditions. Like always, you cannot be an existing client with an existing account, and you cannot be in Australia or an Australian resident. So there’s a few things to check through. But it has a lot of merits, that if you opened, let’s say, a $1000 account and took a loss, they’re going to offer to refund. And again, there’s maximum levels of refund, et cetera. They’re going to offer to refund, I think there’s up to 20%, of your losses back to your account for you to use. So something very different. As I was discussing with Ben, I said, “Look, I think this is something quite different. I’m going to share this with people who are on my video and podcast list.” So I hope that’s helpful for you. Inflation continues to soar around the world In other news, you’d have seen that inflation continues to rise around the world. Here in New Zealand, just yesterday, they announced a 6.9% inflation jump, which is the worst or the highest in 32 years. And that’s continuing to happen right around most of the world. I think Britain was up to about 7%. I think America’s eight something. A lot of countries around the world are getting very, very high inflation levels. From what I can see, certainly here in New Zealand, the way that they’re just printing money and spending money, left, right, and centre, you just wouldn’t believe how crazy they’re running the country right now. This is probably only going to get worse. You add into this, the fertiliser cost, the shipping cost, food, transportation, everything else, labour wages, everything that’s going wrong with price increases right now, fuel, all et cetera, it’s just going to get worse. So if you think the 6.97% is bad today. Yes. It’s the worst in 32 years. But I’m predicting, it’s probably just going to continue to get worse for most people. How much has your wage increased in the last year? So cost of living, wages. Has your wage gone up 7% in the last year? Just to maintain where you were a year ago. If not, what are you doing about that? And I think that’s something that everybody, doesn’t matter what you do, what you want to think about doing job wise, investment wise, you’ve got to think about this. Because it affects every single person. You just go and try filling up your car with fuel, as opposed to last year. I’ve just banked for about eight hours of about 1500 litres of jet fuel in the last week, going down there and back. I can tell you, it gets very, very expensive. And it’s so much more than even what it was at the beginning of this year; just four months ago. So you’ve got to do something. What are you doing to future proof yourself? You’ve got to

Seeing Through the Chaos of The Forex Market Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course – Click Here #453: Seeing Through the Chaos of The Forex Market In this video: 00:25 – The markets are just chaos 01:17 – Doing nothing could be the best thing to do 01:57 – Traded the H8 and H12 charts instead 03:11 – We help our clients to demystify the charts 04:24 – You have to be able to act on what the market is telling you in real time 05:45 – Time to join us? 05:51 – Are you looking for a good Forex broker? 06:42 – How you can contact me How can you easily see through the chaos that is the forex market? Let’s talk about that and more right now. Hey, traders. It’s Andrew Mitchem here at The Forex Trading Coach. This is video and podcast number 453. The markets are just chaos Now, the markets are just chaos. That’s really what they are. Lots of lines, lots of different indicators, lots of confusion going on, different timeframes, different currency pairs, different system strategies, just utter chaos. But as a trader, you need to be able to see through that chaos to actually read on the charts what is actually happening, and think, “Well, behind the scenes, what are these charts telling me is happening right now?” Are there more buyers in the market? Are there more sellers in the market? Is this a trade to take or not? How do I know which currency pair to look at? How do I know which timeframe chart to look at? What happens if the MACDs telling me to buy and the RSIs is telling me to sell? All those type of things. Utter, utter chaos going on in the market. Doing nothing could be the best thing to do And sometimes, the answer is to do nothing. Give you an example, just today, right now. The 8th of April on the daily charts, we have taken no trades today on the daily charts. Why? Because there are no good setups. We’ve been through all the forex pairs, all the metals, the indices, commodities, cryptos, everything. I do not see a single trade today on the daily charts. So, therefore, we’ve not taken any. We’ve had a great week so far. We’ve had four really good days of trading and had some good trades. And therefore, the answer today or the solution today, the strategy is do not take any trades because there are none. Traded the H8 and H12 charts instead However, we’re still taking two trades, one on the eight-hour Euro-Aussie and one on the Euro-Hungarian forint on 8-hour and 12-hour that we posted on our membership site for our clients to trade and to learn from. Why? Well, because out of all the different currency pairs, all the markets, all the timeframes, at the change of day leading into Friday the 8th, those are the only two setups that I see on the charts that are suitable to trade the strategy that I trade. And therefore, those are the only two that we’ve passed onto people. Why are they good? Well, they have the candle pattern that we look for. They’re bouncing at the right area that we’re looking for. They have some stop-loss protection that we’re looking for. They have room to move. They’re both sell trades. They have room to move before any next support gets in the way, any previous lows, pivot points, middle Bollinger Bands, all those type of things. So, we see on those two trades, are high-probability setups, and therefore they are the two we’ve taken. So, we’ve looked through of all the chaos, we’ve seen through all the chaos, the different lines, graphs, prices, everything that’s going on, strength and weakness on the markets. And we’ve come to the conclusion that they are the two best trades. So, that’s how we help our clients. We help our clients to demystify the charts We help demystify. We help you to see through the chaos that’s out there. And we say, “These are the trades that we are taking,” and why. And when you think about that, having that ability to follow along with someone and look, we’re not always right. No one’s always right, but those are the trades in real time that we see as the best two trades. So, we’ve given our clients our insight, our thoughts through the setups and our solutions, and our solutions are those two trades at the changeover of the day between the 7th and the 8th at 5:00 PM, New York time. And so that helps to demystify, it helps to give clarity. They can see exactly what we’re seeing and why. They can see the candle pattern, the part of the chart that the trades occurred in, the reasons for the trade, all those type of things just helps you focus on what it is you need to look for, as mentioned, through what is otherwise utter chaos. And so we make things simple. That’s what we do. That’s our job as traders, as teachers, that is our job to make things simple. You have to be able to act on what the market is telling y

How to Make Great Returns if You Have a Small Trading Account? Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course – Click Here #452: How to Make Great Returns if You Have a Small Trading Account? In this video: 00:31 – How to make excellent gains with a small account 00:49 – The incorrect perceptions 02:07 – Questions from traders 04:00 – Losing traders blame the market 04:26 – What can you do differently? 05:06 – Trading on a prop firm account 06:08 – How much money do you need in your account right now? 07:11 – Choosing a Forex broker I’m going to explain how you can make fantastic returns from your trading, even if you only have a small trading account today. Let’s talk about that and more right now. Hey, Forex traders, it’s Andrew Mitchem here at the Forex Trading Coach with video and podcast number 452. How to make excellent gains with a small account And I want to explain all about how you can make some exceptional gains and returns through trading the Forex market even if your account is very small. And ultimately your account size today does not matter, but let me explain more. The incorrect perceptions You see the problem is most people think you need a large account in order to trade and to make money from trading and eventually to make a living from trading. But there’s more to it than just that. And let me explain what I mean. You see the issue that I see everywhere is that so many people get into trading with unrealistic expectations, and they might come to the market with a thousand dollars account or $5,000 account. And they think they’re going to be able to live on that. And of course you can’t. And so therefore to try and make some meaningful money out of that, they start doing silly things. They’ll start scalping the market, trading, making a pip or two on one minute or five minute charts. Some people will try news trading. Some people will try what called Martingale, which is when you basically double your position size all the time. And eventually one of those trades will win and make up for all the losses. Some people trade without stop losses. All these kind of crazy things that people do, which is incorrect trading, but they do it because they have a small account size to start with. So you can see the issue that people have. Questions from traders And I get questions all the time from people and they say, “How much do I need to pay for your course? Things like that. And people then come to me and go, “Well, how much am I going to make?” And I’ll give you a great example. Right behind me here. I’ve got a US Singapore 12 hour chart trade open. Okay. So I’ve got three trades open on my account behind me. They’re all on the 12 hour charts, all took yesterday, all on our membership site, all posted. And I’ve had three trades close, three still open. If I close them all right now on those six trades, I’ll be up 1.8%, but I’ve only risked a quarter of 1% on each of those six trades. So I’d be up 1.8% if I close them right now. I’m not going to because the three still open have got a little way to go to profit. I’ll probably be up around 2-1/2% total if they all hit their profit target for the six trades, quarter percent risk per trade. Now some people looking at that and go, “2-1/2%, that’s not very exciting.” I look at that and go 2-1/2%, but with only exceptionally small risk per trade is incredibly good trading. But I could quite easily say to you here now that I’ve risked 2-1/2% per trade instead of a 0.25%. So I’ve risk 10 times the amount. And I could then go and say, “Well, if these trades hit profit, I’ve made 25% in a day.” And that would be true. But the issue is is that my risk is 10 times greater. So therefore my gain, because I’m a profitable trader, is also 10 times greater. But you see the issue where most people who don’t know how to trade is they’ll start risking 2-1/2% of their account per trade and have losses and probably have all six trades lose. And all of a sudden they, 12, 15% down on their account in one day. And that becomes the problem. Losing traders blame the market And the issue then becomes is they then start blaming the market. They blame everybody else. Forex is a scam. It doesn’t work. Someone else tells you, you pass that on to someone else. They think that Forex doesn’t work. And so you see the snowball effect once that happens. But the whole thing happens because of lack of education and they don’t know what they’re doing and they’re not thinking properly. And that all happens due to a small account size. What can you do differently? So what can you actually realistically do about that? The thing that we are finding, just so many of our clients are doing, once they know how to tr

What is the Best Time Frame Chart to Trade? Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course – Click Here #451: What is the Best Time Frame Chart to Trade? In this video: 00:26 – The best time frame chart to trade? 01:31 – Even more time frame charts now available on MT5 02:08 – How I analyse the market each week 03:14 – Trade only at the close of a candle 03:42 – Trade at 5pm EST New York Time 04:21 – Where is the best candle pattern showing? 05:25 – Have a look at Blueberry Markets when looking for a broker 06:35 – Subscribe and share this video What’s the best timeframe chart to trade? You’ve got so many options now, and it can be very confusing, so let me help you with that and more right now. Hey, traders, it’s Andrew Mitchem, here at The Forex Trading Coach with video and podcast number 451. The best time frame chart to trade? And I get asked the question every week, “Andrew, what’s the best timeframe chart to trade?” And that’s it. People get very confused. They want to know the best. The answer is really there is no one best timeframe. But as a trader, I believe that you need to look at multiple timeframe charts. Now, the issue that a lot of people have is they might be seeing a potential buy trade on one timeframe. And you might have seen a down trend and the trend looks like it’s reversing. The market looks very oversold, and you’re thinking, “I’m looking for opportunities here to buy it back up again.” And that may be on, let’s say, a one hour chart. And then you go to a four hour or six hour daily chart, and it’s clearly in a down trend. And you’re going, “Oh, but I’m now looking at this being overboard and it looking like it’s going to fall. But when I click through to a different timeframe, it looks like it’s going to start rising.” And that complete confusion and you’re not really sure what’s happening in the market. Even more time frame charts now available on MT5 And I suppose now with MT5, if you’re on MT5, you now have the option of far more built in timeframe charts that MT4 never offered. As an example, you can trade two hour, three hour, 6, 8, 12 hour charts that on MT4, they were never there a standard timeframe charts. And so potentially this leads to even more confusion for people because they got even more timeframes to scan through and you can even go down to the number of minutes on MT5 as well. By the way, I suggest that you don’t trade anything shorter than a one hour chart ever. It’s just not worth it. So you can see the confusion that people have there. How I analyse the market each week So for me, when I analyse the market each week, at the beginning of each week, I go through the weekly charts and I look at the anticipated strengthen and weaknesses on different currencies and the currency pairs. In other words, where I’m seeing on the bigger timeframe, likely movement up or down for that week. I do the same each day based off the daily charts as well. So I say that within the day, the next 24 hours, the euros looking really strong and the U.S. is looking really weak. Therefore, the Euro, U.S. dollar, I’m anticipating it’s going to go up. Doesn’t mean to say, I’m just simply taking a buy trade, but it means to say that I’m preferring buy trades if I see them. If my weekly analysis suggests that the Euro, U.S. is heading up and my daily does, then I’m really ideally focusing on looking for buy trades on the Euro, U.S. on maybe a 12-hour chart or four hour, whatever it might be that you are trading, still according to your candle pattern. But you can see the issue that people have with the confusion of different timeframes and what they’re saying. Trade only at the close of a candle So I think it’s also really important that you only trade at the close of a candle as well. That stops a lot of the confusion. And at that time everything’s set. Any indicators that you are using, whatever it might be, stastics, MACD, RSI, whatever it is you are using, that is set. And those levels do not move once the candle has closed. And what you can also do at that time is save yourself a lot of time. Trade at 5pm EST New York Time Now at 5:00 PM, New York time, at the close of the day and the open of the new day on the Forex market, you can trade the daily charts, the 12-hour, the eight hour, the six hour, and the four hour. I probably wouldn’t go any lower than that at that time of the day. And at that time of the day, you can scan through your charts. Look at those five timeframe charts and do that really quickly. And then for me, I also try to look at 5:00 AM, New York time, whereas I can look at the 12, the six, the four, the three, the two and even down to the one hour charts because it’s in the European

All the Trading Tips You Need to Be a Successful Trader Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course – Click Here #450: All the Trading Tips You Need to Be a Successful Trader In this video: 00:36 – Great feedback from my weekly videos and podcasts 01:13 – What’s kept me trading? 02:40 – You make it look easy 03:49 – I love trading the Forex market 05:11 – 3 trades and all 3 hit the profit target 05:55 – Valuable content for you on my videos and podcasts 06:49 – Prop firm trading success stories 07:49 – Choose Blueberry Markets and MT5 08:36 – Contact me for future trading topics If you’re the sort of person that wants to learn how to trade a very low risk and consistent way of trading the Forex market and other markets, I really encourage you to go and review many of my previous weekly videos and podcasts, just like this one. Let’s talk about that and more right now. Hey traders, it’s Andrew Mitchem here at The Forex Trading Coach with video and podcast number 450. Great feedback from my weekly videos and podcasts We’ve reached another milestone. I really love bringing these weekly videos and podcasts to you and I love the feedback that we get because it helps so many people. Now, I first started trading back in 2003, a long time ago now. Back then there wasn’t really a great deal of information out there, especially related specifically to the Forex market. If I was learning about different indicators and chart patterns, it was mostly stock-related and I put it into the Forex market and I found that most of it didn’t really work particularly well. What’s kept me trading? But over the time you kind of develop your own things. I get asked all the time, “Andrew, why are you still trading right now and what’s kept you going through all that time?” Because when I look back at other people who were trading back when I started, almost none of them are still trading today. So I’m really proud of our longevity and our consistency. To me it’s the consistency that is the key; as a person, as a trader, as a company. So as a trader, I find so many people come to me and they say, look I want to become your best student. I want to become the best trader. I want to become a money manager. I want to become all these things. They give me all these emails for about a week or two and then they don’t take action or nothing happens. They go quiet. It’s like, well I suspect you’ve been on Google and you’ve learned Amazon drop shipping, or you’re going to create e-book marketing or you’re going to create something else. That becomes the biggest issue I find with so many want-to-be traders. Without sounding rude people traditionally, most people, are quite lazy. People want things handed to them. You have to be able to do the work and you have to be prepared to do that hard work upfront. You make it look easy It’s all well and good to say, you make it look easy. But that’s because I’ve had years and years of going through that hard work process and that consistency to get to this stage. I bring it back to flying the helicopter that I fly again. When I was learning it was an utter nightmare. It’s so hard to learn how to fly a helicopter. But you watch someone who’s been doing it all the time and they make it look so easy. It’s so natural to them. It’s only because of their dedication and hard work and perseverance and investment in time and in themselves and their learning to get to become a good, safe operator of a helicopter. And trading the Forex market is no different. So if you want to learn how to trade properly, invest in yourself, invest in your time, be prepared to do some hard work upfront. Be prepared for the ups and downs, the rollercoaster, that will inevitably happen. But stick with it. You’ve got to have enjoyment in it. I love trading the Forex market I love trading the Forex market. I love the fact we can now trade other new markets that I’ve talked about, such as the cryptos, the commodities, the indices that are now available to us. I love the ability to help people learn how to trade. I love the ability of what trading allows me to do in terms of time freedom, financial freedom, learning about the world, trading on my own terms. When I developed my trading strategy some 15 years ago, because of course it took several years of going around in circles. I still trade that same strategy today. Why? Well, because it works. It allows me to trade two or three times a day with low risk, high reward to risk strategies. Doesn’t matter what timeframe chart I’m trading, doesn’t really now matter what market I’m trading. The pattern is what I’m trading and the pattern works. That’s the beauty of it. It becomes enjoyable, you’re learning about what’s happe

How Are the Fuel Prices Where You Live? Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course – Click Here #449: How Are the Fuel Prices Where You Live? In this video: 00:29 – Russian invasion of Ukraine 01:06 – Massive global inflation 01:48 – The price of fuel 02:56 – What can you do about it? 03:33 – Trading is one of the best ways ahead 04:14 – Fast tracking your trading income 05:09 – Clients making great returns via Prop firms 06:20 – Crypto trades make us +7.1% gain in 1 day 07:22 – Blueberry Markets are my broker of choice The Russian war is affecting everybody, but let’s see how you can protect yourself from its downside effects. Let’s talk about that a more right now. Hey traders, this is Andrew Mitchem here at the Forex Trading Coach for video and podcast number 349. Russian invasion of Ukraine Well, obviously the Russian invasion of Ukraine is getting massive international news right now. And it doesn’t really matter whether you live in Europe and it’s relatively close by. You may even be in Ukraine itself. And obviously it’s a massive issue, or you could be in the US or South America, South Africa, Australia, New Zealand, you could be thousands and thousands of kilometres away from physically being there, but it still has an effect on all of us. Massive global inflation Now, over the last couple of years, obviously with the incredible amount of spending that governments have done around the world through handouts and cost of COVID, there’s all these massive, massive costs that have built up and there’s not been so much production. What we’ve obviously seen over the last sort of, well, part of this year so far, is inflation going to massive record level. And now you add on top of that, the issues that have been created with supply chains and oil and gas prices from the Russian invasion of Ukraine, and you’re getting like a double whammy. The price of fuel Now, I know here in New Zealand, the price of fuel is just going through the roof. I know I put a lot of fuel in the helicopter to fly. The price has gone crazy. Obviously, for shipping here, everything has to be brought in because unfortunately no longer do we make anything here. So everything has to be brought in. The cost of international shipping, not only the time delays, but the cost of doing it, is through the roof. I talk to people in America all the time, their fuel price is getting crazy. I’ve talked to people in Europe and they reckon that it’s now uneconomical for some people to put fuel in their car to go to work because the price has gone up so much. So all of this, the inflation cost, the cost of living, the fuel, all gets harder and harder to run your daily lives. Your cost of living. You pay your mortgages. Add on top of that places like New Zealand here, where we still have these ridiculous job mandates still due to COVID and people have lost their jobs because they’ve chosen not to get jabbed. So you’ve got so much spiralling out of control here. What can you do about it? What can you do about it? Well, you can go and ask your boss for a pay rise. Good luck with that. See how that goes. Probably not going to happen in many cases, probably not going to get the favourable answer that you’re looking for. You could go and win the lottery, go and win a horse race, but it’s not likely to happen. Is it? So the third way is what are you going to do about it yourself? What are you going to do to create a new source of income, a passive income, a side hustle? Trading is one of the best ways ahead And that’s where it always comes back to me that trading wins hands down every time. Sure, you can go and invest in some property, but you got to take on more debt. You have to find tenants, especially if it’s commercial these days. Not very exciting buying a shop in town in most places around the world with everybody online and not going to towns. So, property has some advantages especially if it’s like residential, but you still have lots of disadvantages. If you’re looking for income and you’re looking to gain a skill, then learning how to trade to me is without doubt the best way that you can do this. Fast tracking your trading income Now, also, when it comes to that is how can you then fast track the income that you make from trading? And over the years we’ve discussed selling signals and things like that, which can help. But more recently, you’d have heard me talk a lot about prop firms. Now, prop firm is where you trade for a prop for another firm. And after an evaluation process, they give you a fund and you have criteria to meet, but you then make profit on that. You then have a profit share. Now I’m in discussion with quite a few well known prop firms right now to see how we can work together to get some good deals for you guys for joinin

Trading Crypto’s, Commodities and Indices Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course – Click Here #445: Trading Crypto’s, Commodities and Indices In this video: 00:30 – Trading More Forex Pairs and Non-Forex Markets 01:40 – Choice of many Metals, Cryptos and Indices to trade 02:14 – A Sell trade on Coffee on the Monthly chart 03:05 – How things have changed in 1 year 04:28 – Don’t be concerned with only your local currency 04:47 – Changed to the MT5 platform 05:39 – Trading with Blueberry Markets 06:00 – Client passes $100k Prop firm challenge We now have the opportunity to trade markets other than the forex market and we’re having outstanding success at that. Let me explain more and how you can do the same right now. Hey there trader, this is Andrew Mitchem here, the owner of the Forex Trading Coach with video and podcast number 448. Trading More Forex Pairs and Non-Forex Markets Now being the Forex Trading Coach, we trade the forex market, no surprises there, but over the last year or so, most brokers are offering so much more. They’re offering a lot more forex pairs than we used to traditionally have. We’ve got Swedish Krona, Norwegian Kroner, Hungarian Forint. We’ve got South the African Rand, Russian Ruble. Not that you probably want to be trading that right now, but you know, there’s so many other markets out there. Currencies in Thai, all these others that… a few years ago, Singapore Dollar that you couldn’t trade. And so what it’s doing is offering us a lot more opportunities out there to scan through your charts and see, and take some trades. But the other fantastic thing that we now have the opportunity to do, is to trade other markets other than the forex market. And over the last sort of six months or so, we’ve been getting into that a lot more because brokers are offering more. So therefore in the forex pairs, not only they’re offering just the standard pairs, there are a lot more. Choice of many Metals, Cryptos and Indices to trade When it comes to the metals, it’s not just gold and silver anymore. There’s a lot more there’s lead and platinum, titanium and all these other metals that you can trade. When it comes to cryptos, it’s not just Bitcoin and Ethereum, there’s lots more. When it comes to the indices, you’ve got the ability to trade so many different indices from around the world. When it comes to the commodities, it’s not just maybe something like wheat like it used to be or soybeans, there’s so much more. A Sell trade on Coffee on the Monthly chart Give you a great opportunity and example of that is that, over my shoulder here, probably a bit hard to see behind me. I’ve just hit profit, just like a few hours ago on a monthly chart trade selling robusta coffee. Now you’re going to have a look at your charts. Robusta coffee on the January monthly chart close. I took a sell trade. We look for a retracement, we got a beautiful retracement. And right now today being the 4th of March, we have just hit profit right today. That’s made a 3.7 to 1 trade. I took it at the beginning of February when the January monthly chart closed for nothing with it since, and it just gone on hit profit. So it is literally a two minute see the trade, take the trade, forget about the trade. It just worked beautifully and it fell. How things have changed in 1 year Now, if I had been talking to you a year ago and said, “I’m making a sell trade or taking a sell trade on the monthly chart on coffee”, I wouldn’t have done it. I wouldn’t have been talking about that because we didn’t have the opportunity to trade markets like that. Over my other shoulder here, there’s a great example of the German 30 index, which we took and we talked about this on our client’s forum site. Last night my time at the 5:00 AM, New York changeover, the three hour and the six hour German 30 Index was setting up as a fantastic short position. And again, six months ago, I would never have been talking about things like that. And so it is really exciting that it’s giving us more and more opportunities because the important thing is that we are trading the pattern. It’s the pattern that I’ve developed, the pattern that I teach and we trade with our clients. We’re looking for reversal patterns, continuation patterns, one or the other. And if we see the pattern, it now to us does not matter what the market is or what the timeframe is, because the pattern is what we are trading. The reward to risk the money management everything else that we’re constantly talking about here with low risk for trade, high reward to risk, all of that comes into it random numbers exactly the same, but it ultimately is the pattern that we are trading. Don’t be concerned with only your local currenc

This Is Why So Many People Are Trading Gold Right Now? Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course – Click Here #447: This Is Why So Many People Are Trading Gold Right Now? In this video: 00:32 – Talking Gold, Great Results and 12/13 Profitable Trades 01:11 – Russian invasion of Ukraine and how it affects the market 02:12 – Fear and Uncertainty 02:48 – A lot of trades are on Gold 03:30 – Uncertainty over the morals of the banks 04:25 – Very few D1 trades but lots of H12 and H8 trades 05:00 – Trading Long and Short 06:26 – Future proofing yourself 07:12 – Client makes 8% gain on a $100k account in the last 2 days Why are so many people trading gold right now, and how does the Russian invasion of Ukraine affect us as forex traders? Let’s get into that and more right now. Hey there, forex traders. Andrew Mitchem here at The Forex Trading Coach with video and podcast number 447. Talking Gold, Great Results and 12/13 Profitable Trades Lots to get through on this session. I want to talk about gold. Why are so many people trading gold right now? Also, want to cover the amazing story I was told yesterday by one of our coaching clients who has just made 8% gain in the last two days, trading on a $100,000 prop firm account, and also want to discuss with you how we put, on our membership site, 10 trades yesterday. All 10 hit profit. I also took three trades on our live webinar yesterday, and two out of three also hit profit, so having some really good success there with our trades. Russian invasion of Ukraine and how it affects the market Elsewhere in the world, what’s happening? Well, over the last 24 hours, Russia has now invaded into Ukraine. Obviously going to cause a lot of turmoil, a lot of issues politically. It’s going to put up oil prices. It’s not going to help us with inflation. The US-Russian ruble has moved more today, in 24 hours, than it’s moved in the entire last 12 months. Great volatility out there, which, as traders, actually provides us with some good trading opportunities. You got to be careful that you don’t want to be seen that a war’s starting, and you’re taking advantage of it, but the wars do move things and the market is now moving. As traders, and as technical traders, we’re not so much interested in what the fundamentals are behind the scenes. It’s more what’s happening on the charts and trading those opportunities. We’re certainly seeing that come into the market right now. Fear and Uncertainty Obviously with war, there comes fear and anxiety and uncertainty. We’ve been through two years of this with COVID. Most of the world, thankfully, is now getting on with life. Here in New Zealand, unfortunately, we’re still stuck in the fear of the COVID situation and government control and everything else that’s going on. It doesn’t matter where you are in the world, there’s this uncertainty and that fear. Oil prices, like I said, have gone up. Shipping costs have gone up. Inflation’s going up. Everything’s going up, becoming more and more expensive. Mortgage rates are going up, et cetera. A lot of trades are on Gold I was talking to Ben Clay over at Blueberry Markets earlier in the week, and he said to me, a very high proportion of their trading right now, that they’re seeing at Blueberry Markets, is on gold. It got me thinking of … This is prior to the Russian invasion, and it is like, why is that? Clearly, people are wanting to future-proof themselves, to stockpile the precious metals and golds and silvers, et cetera like that. You can see why, because of fear and anxiety and uncertainty, et cetera around the world. Something like gold or silver is something that has value and will always have value. You see what people are doing. Uncertainty over the morals of the banks There’s uncertainty in the banks. I’ve just been on a webinar with some traders over in Canada, and they’ve said that the Canadian government are now starting to freeze accounts of people who have supported the trucking protests. The uncertainty there of, is your money really secure with traditional banks, so people are now getting back into buying gold. One of the great things with Blueberry is that you can trade gold, silver, lots of other sort of metals, commodities, et cetera. On their MT5 platform, they’ve got a massive array of different markets that you can trade, including lots of cryptos, et cetera, as well. The other advantage that you have when you trade MT5 with Blueberry, as opposed to MT4, is that you have the ability to easily swap between lots more timeframe charts. Very few D1 trades but lots of H12 and H8 trades Yesterday on our membership site, we didn’t have any daily chart trades. The daily charts have been quite flat this week, not lots there, but we took six crypto sale trades yester

The Importance of a Traders Community Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course – Click Here #446: The Importance of a Traders Community In this video: 00:30 – Trading can be a lonely business 01:31 – We are big on creating a trading community 02:02 – Feedback from traders 02:21 – The webinars and the Forum site make the difference 03:50 – There are 5-10 trades posted per day 05:50 – Blueberry Markets are the best 06:45 – Any topics that you’d like me to discuss Talking with other traders and being part of a like-minded community is a massive way to ensure that your trading is successful. Let’s talk about that and more right now. Hey, traders. Andrew Mitchem here at The Forex Trading Coach with video and podcast number 446. Trading can be a lonely business Now, trading, as you probably know, can be quite a lonely business. You’re probably trading from home, let’s say, and no one really understands what you’re doing, your wife, husband, partner, kids, parents. No one really knows. A lot of people don’t really care. No one understands what it is that you’re really doing. They say to me, “Are you trading stocks or something like that, or share trading?” And that’s as about as much as they know. Family and friends, in most instances, are not that helpful when it comes to trading. As a result of that, you, as the trader, you sit there at home like me here with the computer and it’s just you and the computer and it’s quite lonely. It can be quite boring. It’s not a very good way of… Especially when you’re new or you’ve been trading for a while and you’re getting real frustrated, it’s not a good way of ensuring success. Trading can be a lonely business Now, one of the things that we do at Forex Trading Coach is we are really big on our trading community and helping people in real time. When people have been with us for six months and then a year, we go back to them and say, “Look, what is it that you are doing now that’s different? What are your liking most about the course? Anything we can do to add to things, change things, improve things,” just to get constant feedback from people. Feedback from traders And without a doubt, the feedback’s very consistent, and the people love the strategy. They love the email support. They love the software. They love the daily trades. They can follow along. All that people love. The webinars and the Forum site make the difference But the two things that stand out in most cases are the fact that people absolutely love being on the live weekly webinars and they love the forum site. When you think about that, two of those are things that happen in real time. They’re places where you can interact and be part of a community. Now, most online forums, and I know this from years ago with experience, are just dreadful. Absolutely awful places to be. It’s just taken over by a small minority of people. Systems come and go. They swap and change all the time. It just never ends well. It just doesn’t. Never does. What I love about our forum site is it’s for clients only. We’re only talking and trading one strategy and everybody there is there with the same common goal, to be a good trader, to help other people to be profitable, and just to basically make this work for them. And that’s what we get. We have a live chat facility where clients can all chat and interact with each other. They can talk about trades that they’re setting up or anything at all to do with trading. We have specific threads on different aspects of trading. People in different geographical areas can all interact with each other. Each timeframe chart that we take trades on has its own specific thread. There are 5-10 trades posted per day To give you an example, most days there are between five and 10 trades posted on the forum site on various other timeframe charts throughout the day that you can go and see them. You can be notified of them. You can learn from them. You can profit from them. You can talk about them. And that’s the beauty of the forum site that we have, one strategy, one community. It just works. And then with our live weekly webinars, the two hour long webinar. I hold a European session webinar one week, and then Paul over in America holds the US session webinar the following week. They all get recorded. So if you can’t attend live, then you can go and watch the recordings. We’ve got all the recordings back to 2010 available on our membership site as well. But again, a great way to ask questions in real time, to see us talking about trades, thinking about what we’re setting up, and our whole mindset about trading. You can ask questions live. You can ask questions and send them in prior. We can talk about those questions and answers on those sessi

How Using Limit Orders Will Increase Your Trading Performance Podcast: Click Here to Check Out The5ers.com Interview with Ryo Chong Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course – Click Here #445: How Using Limit Orders Will Increase Your Trading Performance In this video: 00:29 – I use Limit Orders on all of my trades 01:12 – Limit orders are the key to high reward:risk trades 02:23 – Other benefits of using limit orders 03:00 – Client trading for Prop firm credits limit order with an improvement in his trading results 05:12 – Consider Blueberry Markets if you are looking for a good Forex broker 06:13 – Enjoy your trading more by using Limit orders I’m going to talk about limit orders, why I use them all the time in my trading, and how they can help make a massive change in your trading results. Let’s talk about that and more right now. Hey traders, Andrew Mitchem here, the owner of The Forex Trading Coach, with the video and podcast number 445. I use Limit Orders on all of my trades Now, I want to talk about limit orders. I use them on all of my trades. They’re an incredible way of trading that will help you massively. So when you see a trade, you’ve got a few options. You can enter straight away at the market, and you’re literally pressing buy or sell, put your lot size in that you require, and you’re in the market straight away. You can use a breakout of a range that’s called generally a buy stop or a sales stop. A buy stop is to buy somewhere above the current price, and a sales stop is to sell somewhere below the current price. It’s okay if you’re trading breakouts, etc., like that, but it’s not generally a great way in terms of increasing the reward to risk of your trades. Limit orders are the key to high reward:risk trades However, the key to trading successfully with high reward to risk trades is to use limit orders, retracement orders. So, I use buy limits to buy lower than the current price and to sell higher than the current price. Price is always moving around. It obviously moves up down, very rarely does it move sideways, but it’s always moving. And even if you get, let’s say, an uptrend, within that uptrend, you’re always going to get pullbacks. Nothing just goes dead straight line. And so, very rarely will you see a candle on your charts, especially a good setup candle and especially one on the longer timeframe charts that just opens at the absolute low and just go straight up. Very rarely does that happen. It can happen from time to time, but not very often. Most of the time you will see a, let’s say, there’s a good bullish set up most of the time within the next candles formation. You’ll see the price drop first, and then go back up again. The opposite with a sale trade, you will see that the price will first get higher and then it will drop. That’s how we take advantage of limit orders. Other benefits of using limit orders Now the other great thing is apart from not needing to be there at the exact time the price hit your entry level, because you can just place your buy limit or your sell limit and basically leave the trade alone to get filled. The other good thing with it is it takes the stress and the motion out of your trading, because it’s not like the candles closed and you’re ready now, trying to get straight into the market on the mouse or the keyboard, or trying to work at your position size or stressed about missing the next trade, because we’re not jumping in straight away at the market. Makes a massive difference. Client trading for Prop firm credits limit order with an improvement in his trading results Now, the other thing is also, a client of ours, Ryo, who lives over in Singapore, he’s one of our many traders who are successfully trading through prop firms. He was interviewed by the group called the Five Percenters, and I’ll put a link to that interview on here so you can see it. He said that apart from the actual strategy and the coaching that we’ve given him, the thing that made the biggest difference to his trading performance was the knowledge that he has after doing the course, the use of limit orders, and how it made a massive difference to his trading. When you think about it in simple terms, let’s say you had a very simple trade, you’re entering at the market with a 50 pip stop loss and a 50 pip profit target. That basically gives you a one to one trade in round numbers. Of course, there’s a little bit of adjustment for spreads and stuff. So you probably actually less than one to one, but let’s call it one to one. You could enter at a, let’s say you are buying, you could enter at a higher level, and therefore using the same scenario, you might end up with a 40 pip profit target using the same profit and same loss. You may, therefore, have a 6

How To Use Other People’s Money To Boost Your Trading Income Podcast: Click Here to Check Out The5ers.com Interview with Ryo Chong Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course – Click Here #444: How To Use Other People’s Money To Boost Your Trading Income In this video: 00:25 – Boost your trading income by using other people’s income 01:09 – Prop firm trading 01:37 – What is a Prop firm? 02:50 – Once you know how to trade, the income potential is massive 03:09 – Ryo’s interview on the5ers 04:50 – The one thing that changed Ryo’s trading 05:44 – Are we a match? 06:25 – Have a look at Blueberry Markets 07:42 – Don’t rush out now signing up with Prop firms I’m going to explain how you can use other people’s money to boost your trading income through your trading. This is really exciting. 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 444. Boost your trading income by using other people’s income And I’m going to talk about how you can use other people’s money to massively boost the income that you make from your trading. This is something that’s just going to affect so many people and benefit so many people once you know what you’re doing. So the best thing that I see about trading the Forex market is really your income is unlimited. There is no limit to what you can make through trading the forex market, but once you know what you’re doing. Now, traditionally, you could do things like trade for a few family and friends. You could sell trading signals. You could do things like that. But more recently, there’s a lot better way of making money by using other people’s money. Prop firm trading And it’s a fantastic concept. And it’s called prop firm trading. Now I mentioned this on last week’s video on podcast. And I said I was going to put together a how-to guide listing and how you can go step by step and set up accounts or prop firm traders, and how you can make money through profit share. And I’m putting that together and I’ll let you know once that is ready. What is a Prop firm? But a prop firm is basically an organization where you can apply generally for a fee upfront to show them how well you can prove. And generally they have different challenges or different levels, different steps that you have to go through. But when you get to achieve those levels and you prove to them that you can trade through the rules that they set, whether it be leverage, drawdowns, number of days, closing over weekends, all those type of things. Different prop firms have different rules, but basically what the end goal is to get to is to use their money. And you can trade like $50,000, 100,000. Some of them I’ve seen up to like two million dollars of their money when you get to the top levels. And if you are making X percent on that account, according to their rules, you are then on a profit share of those gains. And with almost all the prop firms, the profit shares, once you get to the higher levels are like 60/40, 70/30. I’ve seen some at 80/20. And so you get to keep, let’s say, 80% of the profits and they keep 20% of the profits, but it’s their money that you are trading. Once you know how to trade, the income potential is massive So you can soon see that once you know how to trade properly, and once you’ve been those different steps, challenges, to get to those higher level accounts that they can offer you, the income potential for you is incredible and you are trading other people’s money. Ryo’s interview on the5ers So just this morning, and this is the reason I’m making this video and podcast on this exact subject today is I’ve received an email from one of our clients called Ryo over in Singapore. And Ryo is a very, very good client of ours. He’s on all the webinars. He’s on our forum sites and a lot of homework, a lot of due diligence in terms of going through training, methodically asking questions. And he is now trading for a company called the 5%ers. And Ryo sent me a link to an interview that they did with him. I didn’t even know about this until this morning. And I’m going to put a link to that interview on this video and podcast post, so you can go and see that for yourself. And they’ve interviewed Rio and they’ve talked about his style of trading and how he’s achieved, what he’s done, his whole background, his family work situation, et cetera, and his challenges that he’s faced in trading. And one of the nice things that I’ve seen there from my point of view is that Ryo credits us at the Forex Trading Coach with changing his trading around. And that is so satisfying to see, because he’s gone and joined us and he’s doing really well on his own account. But

Inflation Is Now at Levels Not Seen for 30-40 Years Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course – Click Here #443: Inflation Is Now at Levels Not Seen for 30-40 Years In this video: 00:27 – Massive Inflation rates around the world 01:21 – Are you going backwards? 01:46 – What can you do about this? 02:42 – Most people only buy Crypto’s 03:15 – Weekly Indices trades hit their profit target 03:36 – Do you wish to know more about Prop firms? 05:44 – Trade with Blueberry Markets Around the world we’re now experienced inflation levels that we’ve not seen for the past 30 to 40 years. What does that mean for you? Let’s talk about that a more right now. Hey, traders, Andrew Mitchem here at the Forex Trading Coach with video and podcast number 443. Massive Inflation rates around the world Now you may have seen a very hot topic around the world right now, many economies is in inflation and how high it has got. In the US, they’ve just announced that their inflation rates has reached 7%. That’s the highest seen over there since 1982. Here in New Zealand 6.3% is the level economists are talking about. That’s also the highest that we’ve seen since the mid 1980s. Over in Canada, 4.8%, throughout the Euro Zone, 5%. In the UK 5.4%. So very high inflation rates. What does that mean? Well, obviously the cost of living is going up massively. It’s something that has been predicted for the last year or two. And it’s here right now. You’ve noticed things like food, fuel, housing, all the expensive things in your life are going up faster and faster and faster. Are you going backwards? So if you are on wages, what does that mean? Well, wages for a lot of people are pretty static, fairly constant. So it means that if you’re in the US and inflation’s gone up 7%, and your wage has not gone up 7%, you’ve effectively gone backwards from this time last year. It’s costing you more of your wage to buy the same thing effectively, you’re heading backwards. What can you do about this? And what can you do about that? Well there’s different investment methods and obviously cryptos, and we’ll use Bitcoin as an example as something that so many people have talked about over the last few years. So imagine how you feel right now if just over two months ago, you purchased Bitcoin for $69,000 and this week it’s worth $33,000. Not great. And so for me, the thing that I love about trading the Forex market of course is we have the ability to sell. And we can still trade cryptos and we do, and I’ll give you a great example with just last week on our membership site, we published a sell trade on Ethereum. We were selling on the daily chart and within two days we’d made a 3.2 to 1 reward to risk trade. In other words, we risked half of 1% on the trade, and we’ve made at 1.6% account gain by selling Ethereum. Most people only buy Crypto’s And the way that most people are getting into cryptos is you can only buy. And the beauty of the Forex market and the ability to sell something is what makes it so different and so good to me because of course not every chart keeps going up and up and up. Bitcoin, Ethereum right now are perfect examples. So not only are we gaining some great gains on the Forex pairs, we’re now also looking at the indices, the cryptos and the commodities. Weekly Indices trades hit their profit target Just this week, I published three weekly chart indice trades, which have all hit our profit target. So the patterns that we trade, the method that we trade is proven to work across so many different markets, and that’s the beauty of it. Now, two more things I want to mention to you. Do you wish to know more about Prop firms One, we are getting a lot of our clients who are now getting involved with prop firms and doing incredibly well. You may have seen some emails from me recently about some of our traders that are making some fantastic gains by passing the different challenge levels involved with prop firms. Now, I’m thinking about putting something together to take you through step by step, walk you through the process of which prop firms to look at, how to start with them, how to get through their challenges with our trading strategy. And if that’s something that you’d be interested in finding out more about, just send me an email, [email protected] and let me know that you’re interested in. It’s something that over the next month or two, that I’m looking at developing because of the huge success that our clients are having. But also there’s so many people out there that come to me on a regular basis and go, “Andrew, I’d love to join you, but my account is $1,000 dollars, I cannot make enough money to live on it. And I can’t afford to pay your course by making mon

Why the Daily Chart is the Best Time Frame Chart to Trade Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course – Click Here #442: Why the Daily Chart is the Best Time Frame Chart to Trade In this video: 00:31 – When to trade and which time frame chart? 01:04 – Not watching your charts all of the time 01:50 – Trade the MN1 and W1 charts too 02:13 – Spend 10 -15 minutes once a day 03:08 – Trades from this week 04:01 – Sell trades on the H8 charts 04:26 – Summary of when to trade 05:07 – Feel free to share my trading information If you had to pick one timeframe chart and one time of day to trade the forex market, when would that be? Let me explain more about how I trade and why I look at the daily charts at 5:00 PM New York time. Let’s get into that and more, right now. Hey, traders, Andrew Mitchem here at The Forex Trading Coach with video and podcast number 442. When to trade and which time frame chart? Now, questions I get asked all the time is, “Andrew, so many different chart timeframes out there, which one’s the best, and when should I look at my charts?” So the easy answer for me is you should try and look at the daily charts each day. It’s something I’ve done for the last 14, 15 years, and it’s something that’s very repeatable. It’s easy to do. It doesn’t take much time. It’s profitable, and it is consistently reliable because the daily charts contain so much information. Not watching your charts all of the time It also means that you’re not sitting there waiting all day and night watching charts. It also means that you’re not leaving trades open for days upon days or weeks upon weeks. So it has a perfect blend for me. Now, if you cannot get to your charts at 5:00 PM New York time, doesn’t matter, because the way that we trade, we use limit orders, anyway. Now we have coaching clients in 99 countries, all around the world, all on different time zones, people with different jobs, different times they can get to their charts, whether it be work, family, sport, all these different restrictions. Not everybody around the world can be there at exactly that time. But that is the time when the daily charts close, and then the new day opens. Trade the MN1 and W1 charts too At the beginning of each month, the new month opens at 5:00 PM, New York time, on the first of each new month, and the beginning of each week, the weekly charts open as well. So if you can be near your charts around that time, 5:00, 6:00, 7:00, 8:00, 9:00, 10:00 PM, New York time, depending on what that time is for you, that’s going to be the ideal time to go and look at your charts for the daily charts. Spend 10 -15 minutes once a day Now I can scan through the daily charts using all the forex pairs, and now we also look at indices, cryptos and commodities, and I can go through all the daily charts in around 10, 15 minutes. And I do that now on a regular daily basis. But also you don’t have to trade just the daily timeframes at that time. You see, at that same time of day, I then go through and look at the 12 hour charts, the eight hour charts, the six hour and the four hour. So you can scan all those four timeframe charts plus the daily. At the beginning of each week, you can do the weekly as well. And that gives you so many opportunities. Now, realistically, you can do all of that, completely, easily in under 30 minutes a day. Absolutely. Absolutely, simply to do in under 30 minutes a day. And that gives you so much in terms of timeframes to look at, but also means you can trade just once a day. Trades from this week Now, I’ll give you some examples of trades that we’ve taken this week on the daily charts. We’ve had a trade of all these, being published on our membership site, by the way. Ethereum. So we’re getting into the cryptos. We had a loss on Ethereum and I’ve got another trade open at 2.7 to one right now. We had a daily trade on the US Yen. It’s open at 2.6 to one right now. We had a Canadian Yen that had a loss. So these losses are half of 1%, by the way, small losses. We had a Singapore Yen, 2.3 to one. We had two trades on the Euro US dollar. One made 2.9, one made 2.8. So we’re up big, big amounts this week just by trading those daily timeframes. We also yesterday had a soybeans daily chart trade buying soybeans. Go and have a look and see what Thursday the 20th of January’s set up was like, and see what happened. We had a great profitable result there. Sell trades on the H8 charts Just today, I’ve taken two sell trades on the eight hour charts, Aussie US and Aussie Yen, all taken at the 5:00 PM New York time zone. So it means that we can look just once a day, but we can trade multiple timeframe charts. It also means that, especially when you get to the daily charts, our reward to risk is extremely good and our risk pe

Planning Your Trading Year to Ensure Success Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course – Click Here #441: Planning Your Trading Year to Ensure Success In this video: 00:24 – The first video for 2022 – Making this a good trading year 01:23 – What are you going to do differently this year? 02:37 – Providing a template to help achieve trading goals 03:19 – Trading with Prop firms 04:22 – What size account should you have to start trading? 04:51 – Which FX broker do I recommend? 06:15 – Trading in 2022 is off to a great start What will you be doing differently this year to ensure that your trading is better than last year? Have you got a plan? Let’s talk about that, and more, right now. Hey, traders, Andrew Mitchem here at The Forex Trading Coach with video and podcast number 441, the first video and podcast for 2022. The first video for 2022 – Making this a good trading year So welcome back, hope you’ve had a good Christmas and New Year break. And now that we’re into trading for the year, I just wanted to discuss a few things to help you into this year. You see, you heard the phrase doing the same thing over and over again and expecting a different result or a different outcome is basically the definition of insanity. It’s a common phrase, I’m sure you heard it. And it’s very true. And it’s exactly the same when it comes to trading. Now, if 2021, or before, was not good for you, doing the same thing this year moving into 2022, and we’re already getting into mid January now already, doing the same thing and expecting a different result is obviously not going to end well, it’s the definition of insanity. What are you going to do differently this year? So what is it that you’re going to do differently? What have you done so far this year to create a plan, a trading plan, a realistic trading plan as well, trading goals as well? And again, make it realistic. Look at what you did last year that was good. What did you do last year that was not good? What do you need to change? Whether it be with the way that you trade, your strategy, your mental approach, your business approach to it, your position sizing, timeframes that you trade, directions that you trade, all those type of things. Timeframe charts, when you trade, what’s realistic for you around other things that you do in your life? So you need to sit down and come up with a plan, and plan to succeed. Because if you don’t, then the year’s just going to disappear. As I mentioned, we’re already midway through January already, and if you don’t do anything, we’re going to be into February, March, April, and you’re going to go, “Oh my goodness, another year’s disappearing on me and I’m still getting bad results.” So a really good opportune time now, in early January, to sit down and have a good think about that. Providing a template to help achieve trading goals We did exactly this last night on our live webinar with our clients. And we provide them with a template and I shared my exact trading goals and my trading plan, when I’m going to trade, when I’m not trading, what happens if I get a run of bad trades, what happens if I see setups that are against the daily direction, all those type of things, what am I going to do at those times? And so having all that written down, not so much set in concrete, but at least that you’ve got it written down that you know that if something happens, good or bad, you’ve got an idea of what you’re going to do about it, rather than just reacting at the time. So that’s really important, so just wanted to discuss that. Trading with Prop firms Another thing that we also discussed was the amount of our clients now trading with prop firms, and it’s really, really exciting to see. We had four clients last night who talked about prop firm trading and how well that they’re doing. We had one client over in Hong Kong who’s now just passed the first test of a year long test with a prop firm. He’s now trading, well, he’s passed the 25,000 test, he’s now onto the 50,000 account test. Doing really well, with low drawdowns, passing the test really quickly. We’ve got two others who are in the $100,000 mark and are doing nicely. And another client who is up to $700,000 across a combination of different prop firms that he’s trading for, trading $700,000 worth. What size account should you have to start trading? And it’s a question, we get asked quite a lot. A lot of people say, “Hey look, what size account do I need to start trading? What size account do I need to take your course,” all those type of things. And to me, it doesn’t matter. The important thing is that we are teaching you how to trade. There are so many other ways to make money, even if

Reviewing the Year of 2021 and Trading in 2022 Podcast: Find out more about Blueberry Markets – Click Here #440: Reviewing the Year of 2021 and Trading in 2022 In this video: 00:29 – Overview for 2021 00:57 – The situation in New Zealand and why I love trading 02:32 – Importing, holiday travellers, and rental properties 03:40 – Trading Cryptos 04:22 – Our year at TFTC 06:02 – The changes we’ve made in 2021 08:05 – Our Daily chart trade performance results 09:12 – Looking forward to trading in 2022 10:03 – Thank you for your support this year 11:03 – Have a wonderful Christmas and New Year break How was 2021 for you? Let’s do a review of the year, and find out how we can make 2022 an even better year. Let’s talk about that and more right now. Hey, traders. Andrew Mitchem here at The Forex Trading Coach with video and podcast number 440. Overview for 2021 This is the last video and podcast for the year. Just wanted to have a bit of a reflection just in general and trading wise of how the year has been. A lot of people around the world obviously still affected by the C-word, the virus is still causing issue. A lot of people obviously still can’t travel, can’t move around the place. The situation in New Zealand and why I love trading Here in New Zealand, just really bad things happening. Government mandates, a lot of people lost jobs, a lot of restrictions, a lot of division, a lot of mental health issues. A lot of families being split by opinions for vaccination and not vaccination. Kids can’t do a lot of sports if they’re not vaccinated. All these really, really bad things going on. When it comes back to thinking about trading, I consider myself so fortunate that luckily… It all affects me, but I don’t have to consider it for my day-to-day work, my job, being self-employed and working online. And I know it’s not just New Zealand that has these issues going on right now, it’s obviously affecting a large part of the world, and forever changing government rules and mandates and you can wear a mask and you can’t, then you should then you shouldn’t. It’s just crazy what’s happening. But it comes back to, for me, one of those massive benefits of why I’m very fortunate and consider myself very lucky to trade from home and to trade the Forex market. Because you can carry on and do what we’ve always done. All these new changes don’t really affect us too much in a day-to-day work environment, anyway. Importing, holiday travellers, and rental properties So the other thing that I noticed that’s happening a lot, especially here in a country like New Zealand when we’re very isolated and very dependent on important, very dependent on overseas travellers, is that we still now for two years in a row have virtually zero overseas travellers here. So that’s affecting people like with hotels and rentals and holiday accommodation and helicopter companies and hire car companies, and all these different people that I know that are just badly, badly affected. We can’t travel ourselves anywhere because you just cannot get back into the country, even if you could get out. So those are issues are around. Interest rates are rising. Inflation’s going up, and that’s happening right around the world as well. And so all of that comes back to, again, the Forex market and how good it is. So I don’t want this to be a doom and gloom review of the year. But I want it to be this is the reality of what’s happening for a lot of people around the world. But also why the Forex market is a good option for so many people to consider. Trading Cryptos Now, a lot of people of course wouldn’t been into cryptos in the last year, and sure, cryptos like Bitcoin have gone up and up and up and gone very nicely. However, you look at the last one month, a month ago, Bitcoin was at $69,000.00 US dollars. Right now as I’m recording this, it’s in a month down to $47,000.00 US dollars. Now you imagine if you actually physically went out there and spent $69,000.00 and today that $69,000.00 has dropped to $47,000.00 in just a month. That’s not good. So, again, it comes back to the stability and the reliability of the Forex market. Our year at TFTC Within the Forex market, here at The Forex Trading Coach we have had a great year, just a fantastic year. Lots of people coming on board, lots of new traders, lots of people discovering the power of prop firms and gaining large incomes from their trading; some have gone full-time. But a lot of people once they’ve mastered the art of trading and making money with low draw downs but steady, consistent gains, which is all we do and teach, they’re discovering the ability to sell signals, to get people to copy what they’re doing, and especially prop firms. I had an email from a guy just this week who’s now managing $700,000.00 in a prop

What to look for when choosing a Forex Broker Podcast: Find out more about Blueberry Markets – Click Here #439: What to look for when choosing a Forex Broker In this video: 00:26 – I’m joined by Ben Clay at Blueberry Markets 01:15 – What should you look for when choosing a new Forex broker? 04:46 – How easy is it to add and withdraw funds 06:40 – How safe are the funds? 07:30 – How long have Blueberry Markets been operating? 08:20 – What trading platforms do you use? 09:20 – Can I trade Crypto’s with Blueberry Markets? 10:47 – Will you be adding even more tradable products? 11:58 – Do your charts open the new day at 5pm EST New York time? 13:20 – What makes Blueberry Markets different from the others? Andrew Mitchem: What should you look for when you are searching for a new forex broker? Let’s that talk about that and more, right now. Andrew Mitchem: Hey traders, Andrew Mitchem here, at The Forex Trading Coach with video and podcast number 439. I’m joined by Ben Clay at Blueberry Markets Andrew Mitchem: In today’s video and podcast, something a little bit different for you. We’re joined here by Ben Clay over Blueberry Markets to talk about brokers, what to look for and what you should look at for when you’re deciding to choose a new broker. Ben, welcome along. Good to have you here. Ben Clay: Thank you very much, Andrew. Always a pleasure. Andrew Mitchem: Good to see you. I think Ben, it’s been about a year since we had our last catch-up like this. Looking forward to lots of developments and exciting things happening out there with Blueberry. Ben Clay: As am I, thank you very much. Andrew Mitchem: Now good stuff. Ben, last week, I asked some of our listeners to ask a group of questions really, that they have always wanted to ask a broker. I said, “I’ve asked them on their behalf as we were having this catch-up.” I’ve got some questions here. I’d like to run through them with you. What should you look for when choosing a new Forex broker? The first thing someone said, what are some of the things that they should be looking for? What are the things they should be mindful of when they’re out there searching for a new broker? Obviously, there’s so many brokers out there online. They all claim to be good. They all claim to be legit. What is it that maybe just give us a list of some of the things that they should look for? Ben Clay: Yeah, absolutely. For me, personally, the first thing that I’m always looking at is reputation. Andrew Mitchem: Yes. Ben Clay: What the public is saying about that broker, online reviews, do your absolute diligence when it comes to searching and looking through the reviews. Usually, you’re going to find that there’ll obviously be some poor reviews out there for every broker. You get a pretty good idea when you look through the whole catalogue of what people are saying about them. Andrew Mitchem: Right. Ben Clay: Next, I would say licencing and where the broker is regulated, that’s always going to be a very important one. There are some good brokers out there, who don’t have regulation. That’s not to say that they’re all bad, but when a broker’s regulated that gives the client some protection, at the end of the day. There’s someone they can go speak to if they’re not happy with the resolution from the broker. That’s very important because things do go wrong, at times. It’s not to say that we’re a perfect broker, whatsoever, but I think it comes down to how you handle those client complaints and knowing that you can actually go somewhere and speak to someone if you do have an issue that the broker hasn’t resolved. That’s a big one for me. Ben Clay: Lastly, I would say, customer service is really, really important. Test it out and that’s not just with us. That’s for any broker. Jump onto their live chat, give them a call, ask them some questions and see how you’re treated. I think those three things there, the reputation, the licencing, and customer service are definitely the things that I’d be looking for when searching for a broker. Andrew Mitchem: Yeah. Cool. Thank you for that. One thing, just to add to that, I find with your customer service, your online live chat people, I don’t know who they are or where they’re based even, but I just find them very knowledgeable and I get the answers straight away. I think there’s nothing worse than whether it be a forex broker or anything you’re out there trying to search for a product and they just give you a generic copy-paste answer, or they, what’s your name, email address and we’ll get someone else to find it for you and your guys always give the correct answer straight away and you get off the chat after just a few minutes go well, I’ll fix the problem. Ben Clay: Well that I’ll pass that on to our head of the

Reading a Book Will Only Get You So Far Podcast: Click Here To Learn More About Blueberry Markets Click Here to Learn More About the Course #437: How to Easily Calculate Your Position In this video: 00:29 – You need more than just theory from a book 01:06 – What our clients get out of our live weekly webinars 03:19 – Another example from my experience of flying 05:02 – Send me your questions for the brokers 06:23 – Trading and Flying in real time Reading a book about trading will only get you so far. In order to learn how to trade correctly for yourself in real time, you need much more. Let’s talk about that and more right now. Hey traders, it’s Andrew Mitchem here at The Forex Trading Coach with video and podcast number 438. You need more than just theory from a book Now, when you read books, you’re only going to get so much information. Sure, they can be good to give you some good background information, some grounding, understanding what to look for and candle patterns, that type of thing. But in order to trade correctly, independently, and in real time, you need something more. And that’s why here at The Forex Trading Coach we offer our clients our live two-hour trading room webinars every week. I hold the European session, and Paul Tillman, who works with me in the U.S., holds the U.S. session the following week. What our clients get out of our live weekly webinars When our clients attend those sessions, they get something really special out of all of them. You see, because they’re live, they’re not pre-planned, they’re not scripted in terms of knowing what’s going to happen. We are not covering up trades that maybe don’t work. All those kind of things that you could kind of think elsewhere would probably happen. Because they’re live, they real time, we’re talking about trading, we’re seeing trades, and we’re taking trades. That’s how you can then learn. Because, you have to do this for yourself. You have to put the theory into practise and have chart time and real-time thinking time in order to do this properly. And that’s the beauty of the webinars. Because, we really encourage our clients to interact with us on those sessions. They’re real time so we don’t know what’s going to happen. If we see a trade set up, of course, we go, “Yeah, I’m taking the trade.” We don’t know whether it’s going to be a profitable trade or losing trade because it’s real time. But, what the client gets out of it is our thought process, our understanding, the mental sort of structure that we go through in terms of analysing a chart and seeing a trade in real time and taking it and why we’re taking it. And that’s the bit that’s invaluable. You see, you can do that and practise that and follow along in real time whilst watching the webinar, and it gets you into that mentality of what to look for, what to do, in order to make yourself a successful and independent trader. Now, sure, we have ways that our clients can follow us and copy what we’re doing in terms of our daily trades, things like that, things that we post on our forum site, but the webinars are just invaluable because they’re all happening right now. You can talk about that, you can discuss it, you can get the whole picture, and that’s the key. And so, by doing that, you’re going to make yourself a far better trader, by attending those kind of webinars, and seeing or listening to what we are thinking at the time. Another example from my experience of flying And I’ll give you an example that I’ve experienced in my life. As you probably know, I fly helicopter. Now, when I learn to fly, I ask my instructor about hovering, because it’s one of the hardest things you can ever do with any machine ever. It’s so difficult to learn how to hover a helicopter. I nearly gave up so many times when I was learning how to hover. It’s incredibly hard. And I wanted to ask my instructor what I needed to do. I was paying a lot of money to him per hour, and it was just not working for me. He said, “You’ve got to just feel it.” I’m quite numerical. I like numbers and patterns and structure, a little bit why I like trading. And he said, “No, you just got to feel it. You just feel it.” And I was getting more and more frustrated and angry because I wanted to almost like read the book or be told what I’m doing wrong. And I wasn’t getting that answer. I was getting, “Oh, you just got to feel it.” And the reason he said that is a hundred percent correct. The reason you say that is because you do have to feel how to hover. Every situation will be different. The way that the helicopter, the wind, all sorts of different things change. You are actually constantly making adjustments and feeling it. And so, no book can eve

How to Easily Calculate Your Position Podcast: Click Here To Learn More About Blueberry Markets Click Here to Download my Free Lot Size Calculator #437: How to Easily Calculate Your Position In this video: u9s2tw5e 00:23 – Most traders do not understand lot/position sizing 00:45 – The way most people trade 01:43 – Each pair pays a different amount per pip 02:36 – I’ve made it easy and quick for you 03:00 – How the heart and the mind affect your trading 05:15 – High reward:risk trading strategy 06:40 – Download the calculator today 06:57 – Are you looking for a good Forex broker? What lot size or position size should you take on all of your trades? Let’s talk about that and more right now. Hey traders, it’s Andrew Mitchem here at The Forex Trading Coach with video and podcast number 437. Most traders do not understand lot/position sizing Now unfortunately most traders out there do not understand the importance of position sizing or lot sizing. They don’t understand the importance, they don’t understand how to do it, and they don’t really understand why they should do it. But if you don’t understand that, it’s going to make a huge negative effect on your trading. And let me explain what I mean. The way most people trade You see, most people focus on making pips and they really don’t understand the importance of low risk controlled trading. And someone would generally place a trade, it doesn’t matter what the currency pair, what the timeframe chart, what the size of the stop-loss is, it doesn’t matter what their own currency account is. They’ll just place a trade at one standard lot per trade, or 0.1 or 0.01 depending on the size of your account. But they’ll just go and place the same lot size on every trade. In fact, most people will just go and place the same stop-loss on every trade regardless of the trade or the market conditions or anything. And when you think about that it’s just utter madness. Why would you do any of those? But that is probably what 90% of all traders out there are likely going to be doing. Now if you’re listening to this thinking, “Yeah that’s what I do.” Then you really need to listen to this next bit because it’s highly important. Each pair pays a different amount per pip You see the issue with the Forex pairs is that each currency pair has a different payout per pip. It depends on what the currency is. It also depends on what your account denomination is. So if you’ve got a US Dollar account, then your payout per pip, let’s say the Euro/US Dollar, will be different to my account that may be in New Zealand Dollars, or someone else’s account that may be in Euros or Pounds or Canadian Dollars. It’s all different. So you really need to understand that. Now the problem is, for most people that’s just too difficult to work out. It’s like this sort of big calculation that you need to figure out. So most people don’t do that. They’ll just go, oh I’m just going to put 0.1 lots on this trade. And the next trade? I’m just going to put 0.1 lots on the trade. That’s the problem. I’ve made it easy and quick for you Now I’ve made it very easy for you. I have a free lot size calculator that works on MT4 and MT5. Just select the right one, by the way, when you download it. It’s freely available on my website. I’ll put a link to it on this video and podcast post so you can find it. If you don’t have it, definitely download it. It is invaluable and you should be using it on all your trades. How the heart and the mind affect your trading Now, what you have to think about is this: when you have variable losses, it starts to play with your emotions. The two things in trading that affect you, one’s your head and one’s your heart. You have to control your emotions. Now, the way I trade is I have a maximum risk of half of 1% of my account per trade. So what that means is this: let’s say I had a $10,000.00 account, it could be $10,000.00 or £10,000.00 it doesn’t matter. 10,000.00 something in my account. If I’m risking half of 1%, that means I’m risking $50.00 per trade, or £50.00 per trade. 50 per trade. So half of 1% of $10,000.00 is $50.00. So that means I know when I take a trade, regardless of the currency pair I’m trading, it could be the Euro/US Dollar, it could be the Australian/New Zealand Dollar, it could be on Bitcoin, it could be on copper, it could be on gold, it could be on the Canadian/Yen, it doesn’t matter. Whatever I’m trading, it doesn’t matter what the stop-loss size is, the currency I’m trading, or the timeframe chart. I know that the most I will lose if my trade were to go wrong is $50.00, or half of 1% of my $10,000.00 account. Now when you think about that, when you have losses… And let’s face it, everyone will ha

Can You Trade Non-Forex Markets? Podcast: Click Here To Learn More About Blueberry Markets Click Here to Learn more About my Course #436: Can You Trade Non-Forex Markets? In this video: 00:28 – Trading Non-FX pairs 01:02 – Getting into exotics, cryptos, commodities and indices 01:45 – Clients enjoy trading the same strategy but on new markets 02:15 – Trades taken and posted on our sites recently 03:11 – Lots of new opportunities now available 03:38 – The same money management principles still apply Let’s talk about non-Forex markets. Can you trade them? How do they work? And can you use the same strategy? Let’s talk about that and more right now. Hey, Forex traders, Andrew Mitchem here at The Forex Trading Coach with video and podcast number 436. Trading Non-FX pairs Now I want to talk about trading non-Forex pairs, because it’s something that we’ve been getting into a lot here at The Forex Trading Coach. And I’m talking about things like indices, commodities, and cryptos. But go back to the beginning: do we trade them? Yes, we do now. But we’ve not done that for a very long time, and the reason is we are The Forex Trading Coach. So therefore naturally we’ve been focusing on Forex pairs because the Forex markets offers us so many great opportunities. We’ve got different currency pairs, different timeframe charts, and it’s worked absolutely fantastically. Getting into exotics, cryptos, commodities and indices Now a little while ago we’ve gone into a few more of what we call the exotic pairs, things like the Swedish Krona, South African Rand, Singapore Dollar. Some of those more sort of minor exotic pairs. And they still do work, there’s great opportunities on them. The downside is though that some of those exotic pairs tend to have quite wild and wide spreads at times over the day when the market’s not that active. And that can become sort of negative for trading some of those more exotic pairs. So what we’ve done is as more and more of the MT4 and MT5 brokers around the world have offered a larger variety of markets, we’ve got into those as well. Clients enjoy trading the same strategy but on new markets And a lot of our clients are loving trading these different markets, because the thing is the strategy that we trade and teach works across them as well. And why does it work? Well, because it’s based on sound principles and price action and candle patterns and all the other things that we put together, support resistance. And the beauty is it doesn’t really matter what Forex pair you trade or what market you trade, the strategy works. Because the pattern is the pattern is the pattern. And you know, give you some examples. Trades taken and posted on our sites recently This week I’ve taken a trade, and we put all of these trades I’m about to mention have been on our membership site and forum site, I’ve got a trade on the US 200 on the index there as a buy trade on a daily chart. And that’s worked absolutely beautiful. We had last week trades on the ASX 200, the JP 225 that was this Monday. Last week HK Hong Kong 50. We’ve had trades posted just yesterday on six hour charts on our forum site on UK and US oil. Today, I’ve taken a trade on gold, and last week we had trades on copper, Bitcoin, and Ethereum. So it’s just in the last two weeks. So it just shows the opportunities out there. And that is because the strategy works because it’s good, sound principles of how to trade, how to read charts. Lots of new opportunities now available And the beauty that I’m finding from my point of view is it’s suddenly opened up all these extra markets. And if we’re trading just once, twice a day, it doesn’t really take an extra couple of minutes to scan through gold and silver, a few commodities, a few indices, and a few cryptos. You can do it all in maybe two or three minutes extra, once maybe twice a day and that’s it. That’s the beauty of it. The same money management principles still apply Now, it still comes back to the same principle. All of our trades are low controlled risk and known risk, and again I go back to what I say all the time, for me personally I never trade more than half of 1% of my account on a trade. When I split my positions like I do most of the time with a limited order and a market order, I’m trading a quarter of 1% at market, quarter of 1% at a retracement order. But a total of both trades get filled and both trades get stopped out half of 1% loss. So on a $10,000.00 account, the most I’m losing is only $50.00. However, because of the way that we trade and the way that we use our stops and our profit targets, including on the cryptos, the indices, and the commodities, our reward to risk is still extremely high. So we’re making between a two and a five, sometimes up to a 5-1 reward to risk. So low contro

How to Scan Through Your Charts Quickly Podcast: Click Here To Learn More About Blueberry Markets Click Here to Signup for the Upcoming Black Friday Sale #435: How to Scan Through Your Charts Quickly In this video: 00:26 – Today’s Topics 01:00 – How to quickly scan through your charts 01:55 – A candle pattern off a Bollinger band 03:03 – A Continuation trade 04:31 – When to scan your charts 05:14 – Who would you suggest as a broker? 05:55 – Register for our Black Friday Sale (it’s 1 week early on Friday 19th November) 07:07 – Don’t forget to share this video and podcast I’m going to share with you some tricks and secrets of how to scan through your charts really quickly, to save yourself time on the change of a candle. Let’s talk about that and more, right now. Hey, forex traders, it’s Andrew Mitchem here. I’m the owner of the Forex Trading Coach. Today’s Topics And I’m going to explain to you how you can look through your charts really quickly and to identify potential new trade setups. More about that shortly. At the end of the video I’m also going to explain about our upcoming Black Friday sale, which we’ve got in a few weeks time. So if you’ve been looking at joining us, that could be a great opportunity for you to save a fortune on joining us with the crazy low prices that we’ll be offering for Black Friday. More about that shortly though. So back to the trading. How to quickly scan through your charts So a question that a lot of people have is they say, “How can you scan through charts really quickly and identify high probability trade setups?” So a question like that came through from Mark this week and I said, look, I’d cover that on a video and podcast for him. And for me, it’s quite simple, the market can either move up, down or sideways. It cannot really do anything else. And with my strategy, it’s also relatively simple. So we’re either looking for reversal trades or continuation trades. And that’s it really. It really is as simple as that. There’s two different ways of trading. And to help me identify what part of the chart the price is in right now, and whether it’s likely to be a reversal or a continuation trade, I use Bollinger Bands. Standard Bollinger Bands have an upper band, a middle band and a lower band. A candle pattern off a Bollinger band And if I see a candle pattern and setup that I’m looking for, that’s coming off either the upper band or the lower band, then for me, that’s a reversal signal. And what I mean by that is let’s say the price is near the upper Bollinger Band and you’ve had a good, strong up trend, and then you see the reversal signal. So like a bearish outside bar or engulfing candle, and it looks like the price is then going to drop. If it comes off that upper Bollinger Band area, after a prior trend, then quite likely the price is going to reverse. The opposite of that being if you’ve had a good, strong down trend and then you see a good strong bullish candle off the bottom Bollinger Band, that’s a likely reversal. Now, not every time you get that, it’s going to be a trade setup. We’re looking for other things like prior exhaustion bounces a round numbers, pivot points, trendline breaks, all the other things that we look for. But just in terms of identifying what part of the chart you’re in right now, a Bollinger Band can be an extremely powerful and useful, easy to see tool. So, really scanning through charts instantly, that will help you. A Continuation trade If, for example, you see a pullback from the upper band to the middle band, and then a bullish signal, that is a continuation trade. Likewise, if you see a pullback from the bottom Bollinger Band back towards the middle Bollinger Band, and then the bearish candle, that is a likely continuation back down again. So reversals and continuations are great ways of trading the market. It means you only need to look on the close of a candle. And if you see that right setup near either the bottom or the top bands, reversal signals, somewhere near the middle Bollinger Band, continuation pattern. Instantly, that means I can scan through my charts and go, no, no, no, yes. Potential trade, write it down, come back to it. No, no, no. Yes. Things like that, just real simple way of doing that. And then all you need to do is you can use your strength and weakness analysis, or you can come back to the trades that are showing potential setups, and then you can go and analyse them slightly more in terms of other barriers for the profit target not to be hit. Is there some way to protect the stop loss? All these type of things that we then look at, but you can very quickly dismiss, probably 95% of the charts that you see, because there’s nothing setting up. And then you may have a few trades that you can go back and analyse a little bit further. So that to me

How Much Money Do You Need to Invest in the Forex Market Podcast: Click Here to attend the New Traders Webinar (Less than 6 months Experience) Click Here to attend the Experienced Traders Webinar (More than 6 months Experience) Click Here To Learn More About Blueberry Markets #434: How Much Money Do You Need to Invest in the Forex Market In this video: 00:24 – How much should I invest? 00:50– When I started trading 01:25 – You don’t need a lot of money but you do need to learn how to trade 02:30 – Take a look at Blueberry Markets 03:20 – How do I make a living from my trading? 04:07 – Trading with a Prop firm 04:50 – Other ways to earn income from your trading 05:50 – Get onto one of my free webinars to learn more 06:33 – Feel free to share this video and podcast How much money do you really need to invest in the Forex market to make it worthwhile? 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 434. How much should I invest? I got asked a question this week by a guy in the US and he said to me, “Andrew, how much money should I really need to be investing into the Forex market to make it worthwhile? To make my time worthwhile to do this?” And it’s an interesting question, because most people think you need a large amount of cash in order to be a good trader, in order to make it worthwhile. When I started trading And when I started trading some 17 years ago, I thought I would need like hundreds of thousands of dollars. And because I lived in New Zealand, I thought that I would need to put like a $100,000.00 on the New Zealand/US dollar and wait for it to rise or fall, and let’s say it was at 70 cents wait for it to rise to 75 cents, take that money out and then go and do the same thing again. That’s what I thought Forex trading was. And I think a lot of people do the same thing; they think you need a large amount of money, large amount of capital, in order to make any significant gains. You don’t need a lot of money but you do need to learn how to trade Now, the great news is the reality is far from that, it’s the complete opposite. You don’t need a lot of money, but what you do need to do is learn how to trade properly. With that, you need to realise that there’s two things that affect you with your trading: one is your head, and the other’s your heart basically your emotions. And if you can control your emotions by having very low-risk trades and high reward to risk trades, things you hear me talking about all the time, the great thing about the Forex market is you use leverage. With leverage, you only need small movements but you need to have good, consistent, steady gains with low risk and low draw down. So small losses lead, reasonably large gains. That’s the key to making your trading work. You need a strategy to actually be able to do that. Then when you look to live with real money, I suggest somewhere between $1,000.00 and $5,000.00 or pounds depending on where you live in the world. And there’s lots of other ways that you can make money through your trading, and I’ll talk about that shortly. But one thing that I would strongly suggest if you are at that stage where you’re ready to go to real money to a live account. Take a look at Blueberry Markets Have a look at Blueberry Markets over in Australia. They’re a great broker, highly successful brokerage team, great people. You will not find better customer service out of a broker. I challenge you to find a better customer service anywhere. They’re fantastic. Really look after their clients. Decent, honest broker. Good, tight spreads. Regulated, everything that you need. So unless you’re in the US and I don’t think you can open an account with them, there may be a few other countries around the world, but pretty much all other countries can open a live account through Blueberry Markets. Check them out, I’ll put a link here as well. So once you go live, and you understand the emotions of trading on real money… Because losing money hurts. You get great emotions in a positive way when you have some gains. How do I make a living from my trading? But you’re thinking, okay how can I make a living out of $1,000.00 to $5,000.00 on my account? Even if I made 100% in a year, I might be making $5,000.00. I can’t make a living, Andrew. That’s not an issue. What you can do then is you can do what a lot of our clients use is they use prop firms. A prop firm is where you start with a relatively small amount of money, of someone else’s money, another company’s money, on a profit share basis, using their rules, draw downs, et cetera. That’s where you need assistance like ours that has good steady returns with low risk and low draw downs. What you can do is you can build up to accounts; some of them are in the millions of