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It Never Rains but It Pours 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 #433: It Never Rains but It Pours In this video: 00:23 – Common phrases and trading Forex 00:55 – Trading becomes boring, and you make mistakes 01:27 – 2 perfect examples from this week’s trading 02:37 – This week’s Daily trades 03:24 – Just be patient and wait for the setups 04:07 – Trade when the conditions are good 04:52 – Take a look at Blueberry Markets 05:36 – Get onto one of my free webinars to learn more You’ve heard the saying, “It never rains, but it pours.” The same happens in trading. Let me explain what I mean right now. Hey traders, Andrew Mitchem here at The Forex Trading Coach with video and podcast number 433. Common phrases and trading Forex I want to talk about a couple of analogies you may have heard of. You’ve heard the phrase, “It never rains, but it pours.” You’ve heard the phrase, “May hay while the sun shines.” They are exactly applicable when it comes to trading. What I mean by that is you have to wait for the right trading conditions. Now as traders sometimes that can be our downfall, and it’s a big mistake that so many people make and fall into that trap. Trading becomes boring, and you make mistakes You see when you’re not trading it’s pretty much boring. You’re not doing anything, and the issue then becomes is you start breaking your rules. You start forcing things to happen that you should really do. You start taking B-grade set ups, simply because you want to take something. It’s very hard to force yourself not to do that. But if you can get yourself to trade the conditions of when the high quality trade setups show, you will without doubt do so much better from your trading. 2 perfect examples from this week’s trading Now just this week, I’ve got two perfect examples to share with you. So last night, Thursday night my time, I held our live weekly client’s webinar; a two hour live session where we trade live. I trade the European session. The following week Paul Tillman trades the US session and then back to the European session with me the week after. So last night, not a lot happened for the first hour and 50 minutes. Now we were covering previous trades, we were discussing trades that a few people had open and some very good trades. We were showing some good weekly and monthly chart trades. We had lots happening, but nothing really was going on live in the market. Then leading up to the end of the session where we look at the 12 hour and six hour and four hour and two hour charts, we took one six hour chart trade and three on the 12 hour. Two of those hit profit already, and two are still open and in excellent profit. So nothing happened in terms of live real trades in the market for almost all of that session until then end, and then there was lots happening. This week’s Daily trades This week on the daily charts, we’ve had the same thing. Up until Thursdays, from Monday to Thursday, we posted just one trade. Now, most days we trade between about one and three daily charts. But up until Thursday, for four days of this week, we posted just one trade on the dailies. We had a really good weekly chart trade that hit profit, but only one trade on the daily charts. That was on oil as well. So we’ve had no Forex pairs for the first four days of this week. Today, Friday, we are the 22nd of October. We have posted 11 trades on the daily charts; one on Bitcoin as a crypto trade, as a sell, and 10 Forex pairs. Just be patient and wait for the setups So the point being is just be patient. Just wait for the setups. The setups will come, it’s just you don’t know when. So that’s why you have to be patient. If the trades are not there, don’t force anything, don’t take anything. Likewise today, and going back to the “It never rains, but it pours,” today is one of those days. It took us so long to write the daily trades up today with all the reasons why we’re taking the trade, the exact entry, the exact exit, et cetera and then actually placing the trades. 11 trades were placed on the daily chart trades today. Trade when the conditions are good So, “Make hay while the sun shines.” It’s a true phrase. When the conditions are right, just get out there and do it and make it and profit from it. If conditions are not good, don’t take them. And if you can overcome that mental hurdle and obstacle in your trading and learn to have patience and learn to wait, then… So that’s all about waiting, but also don’t procrastinate. So when you see the conditions, get in there and take the trades. Don’t go, “I’m not sure, I’ve only taken one I don

Becoming Your Own Boss Podcast: Click Here To Learn More About Our 5 Star Rated Forex Course Click Here To Learn More About Blueberry Markets #432: Becoming Your Own Boss In this video: 00:30 – I’ve received a lot of emails from people who might be losing their jobs 01:17 – A lot of new rules around the world about mandates 02:02 – You should consider trading Forex 03:22 – I’m serious about trading and how to I made a decent return? 04:54 – What the prop firms want 06:22 – You need to know what you are doing first 06:42 – The mini course will re-open in 1 month from now 07:35 – It’s only going to get worse for many people I want to talk about why you should maybe look at considering being your own boss, and learning how to trade Forex properly. It’s very topical right now and very important. Let’s get into it right now. Hey traders, Andrew Mitchem here, the owner of The Forex Trading Coach with video and podcast number 432. I’ve received a lot of emails from people who might be losing their jobs Came outside today, it’s a beautiful day out here. I want to talk about… I’ve just been receiving a lot of emails. You might think it’s a controversial subject, you may not. But I think it’s important to discuss it because not many people are. It’s all about what’s happening around the world right now with COVID injections, vaccinations. Not only that, it’s more the knock-on effect of what’s happening with so many people with these jobs being mandated that people need to be vaccinated. I’m not here to debate the vaccine; I’ve got my own opinions. But as a trader, I think it’s important because so many people have been emailing me saying, “Andrew, I’m potentially losing my job.” A lot of new rules around the world about mandates Here in New Zealand especially, and it sounds like Australia as well, a lot of rules are coming in that people will be losing jobs if they’re not double vaccinated. Like I said, I’m not here to be pro or against it. What I am here to say is that it’s probably the choice that people are finding that they’re going to be without that’s for me probably more the issue. The choice to do what they want and how it affects their jobs. So that comes back to why I’ve probably been receiving so many emails over the last week or two as it’s becoming more and more prominent. And it comes back to… You should consider trading Forex I’ve said to these people you’ve got to consider something like trading. But don’t just do it just because it’s a quick fix, because it’s not a quick fix. Don’t think that you’re going to sit at home and be lazy all day and get up when you want. It’s not that at all. You have to work hard at it. It’s hard. There’s ups, there’s downs, there’s good times, there’s not so good times. Like anything. But it does allow you to have some more control and freedom and to be your own boss. I think that’s the point that a lot of people around the world right now that people are picking up on, the extra value of trading. Getting away from some of the more traditional lines of work where you are told what to do and when to do it. I think that’s one of the beauties that trading offers. Like I said, it’s not easy. It takes effort, it takes hard work, it takes dedication. If you think you’re just going to waltz into trading and suddenly become a multimillionaire by this time next year forget it. You’re in the wrong choice. Or certainly don’t come knocking on our door, because we’re not prepared to assist you if that’s your mindset. You’ve got to have the correct mindset to make this work properly and put that hard work and dedication upfront. I’m serious about trading and how to I made a decent return? But leading on to that, people have said to me I want to sort of get into this a bit more seriously now. I’ve kind of been forced into it, or things are changing around the world. I want to look at this trading a bit more seriously. And a lot of people come to me and they go, well the problem is my account’s not big enough. How on earth do I look at giving up my job if that’s what it comes to? And trading properly? Well, to me it’s always been the same story that I’ve got back to people. It’s that you have to learn how to do it first. You have to learn to run before you can walk. Don’t expect to be an expert overnight. You have to learn upfront to do this properly. But then, when you can, the actual size of your account, how much money you’ve got to invest in this, really doesn’t matter too much. Leading on from last week’s video and podcast where we talked about prop firms briefly. Again, I’m not here to promote any particular prop firm. I’ve got

Client Makes a 40% Account Gain in September Podcast: Click Here To Learn More About Blueberry Markets #431: Client Makes a 40% Account Gain in September In this video: 00:31 – This week’s content 00:54 – A client makes a 40.05% live account gain in September 04:23 – Trading at a Prop firm to make great passive income 05:35 – Our TFTC Mini Course is now live 07:01 – Take a look at Blueberry Markets if you want a good broker 08:30 – Share and Like this Video I want to explain how one of our clients made an incredible 40% gain on his live account in September with just a 6.3% drawdown. Let’s talk about that more right now. Hey, folks, traders. It’s Andrew Mitchem and I’m the owner of the The Forex Trading Coach. This is video and podcast number 431. This week’s content Lots to cover on this week’s video and podcast. We want to talk about the guy who’s just made 40% on his account in September. I also want to introduce you to our new mini course that has just gone live on Facebook and give you an opportunity to join that for this week only with a 50% discount for new people onto that course. A client makes a 40.05% live account gain in September But let’s start with the exciting news that I following on from last week’s video on podcast about the client called Brett, who is in South Africa. He made a 40.05% account gain on his live account, quite extraordinary. But I’ve been through all of his trades. They’re actually opened here behind me, sent me a screenshot of his MT4 account, all the trades, the profits and losses. I went through them and the biggest drawdown he’s had there was a 6.3% drawdown, quite extraordinary. Very low controlled risk. He said to me he only trades once, sometimes twice a day, and that’s the 5 PM New York close of day, where he looks at the beginning of the week the weekly charts each day of the daily and the 12 hour charts. So that’s going to take him what, 10, 15 minutes once a day. Then a few days in the week, generally Tuesday, Wednesday, Thursday, he’ll look at the 5 AM changeover as well. So he’s looking just twice a day, absolute maximum half an hour per day and he’s made a massive 40% gain. Now, he’s mentioned when he emailed me a couple things that have just really changed things for him. Number one, he did some one-on-one tuition with Paul Tillman. Paul has been working with me for quite a number of years. He teaches our clients one on one online. He also holds the live U.S. webinars for me every second week and he also moderates the forum site. An incredible trader, fantastic coach, great way of explaining everything. Brett’s taken some tuition with Paul and he said that was just fantastic, money well spent just to get to that next level. He’s also using our Place Fibo Order Script, which is a script for MT4 and MT5 that he literally drag onto the chart. It places your entry and exit levels with retracements, profits, et cetera, controlled risk. Makes placing a trade absolutely simple. No calculating lot sizes, no worrying about does this stop in the right place, or if you move it, do you move your position size or anything like that. It just does everything for you. It’s a fantastic script. He also mentioned the value that he has placed in our interactive videos that are on our membership site. So our interactive videos are videos where one of our clients, Nick who lives over in Dubai has made them for us. Nick’s made these videos in realtime when he’s seeing a trade setting up and then you have to go through the video and you have to basically select the right answers of the questions when the video pauses in order to progress through the video. So it was almost like taking trades in realtime live, looking for the pros and cons that we’re looking at and then progressing through the video. There’s a lot of them on our site from different timeframe charts. Brett mentioned how incredibly valuable they are. The last thing he mentioned is the forum site and how much he’s getting out of that by interacting in realtime with like-minded traders or talking about the one strategy. So put all that together with these low risk, the just once, twice a day trading, when you think about that, to be able to have very low controlled drawdown of to 6.3% but a 40.05% gain in the month, quite extraordinary. So well done Brett and would love to see what your October figures come out like as well. Trading at a Prop firm to make great passive income So talking about great trading performance, we held a live webinar last night. Had some awesome feedback. One of our clients, Brian over in the UK, he was telling me how well he is doing on a prop firm. We got talking about that, about what a great way if you have a strategy with low risk but high reward to risk trades and you can make good, consistent gains with low drawdown, that’s exactly what those

Look Left, Look Right and then Look at Your Profits Podcast: Click Here To Learn More About Blueberry Markets Click Here To Learn More About The Course #430: Look Left, Look Right and then Look at Your Profits In this video: 00:25 – How looking left and right will make you safer 00:58 – Don’t only look to the right 03:23 – Blueberry Markets receive great feedback 04:11 – Client makes +40% in the month by risking just 0.5% per trade 05:31 – Please share this video When you’re trading, you need to look left, then look right, and then look at your profits. Let’s talk about that more, right now. Hey there, traders. It is Andrew Mitchem here, the owner of the Forex Trading Coach, with video and podcast number 430. How looking left and right will make you safer And I want to talk about looking left, then looking right, and then looking at your profits. What do I mean by that? Well, as a child, we’re always taught by our parents, aren’t we, to look left and then look right before you’re crossing the road or anything like that? And it prevents you from having problems. And in trading it’s exactly the same, yet nobody does it, or very few people do it. Our clients do it because we teach them how to do this. And we talked about this on a correspondence with all our clients just this week, and we had really good feedback. So I wanted to share this whole concept with you. Don’t only look to the right And in your trading, most of us look at the right-hand side of the chart, because that’s where you take a new trade from. You’re looking at the price level. You’re looking at the candle pattern, maybe whatever indicator you’re using, but most people look at the right-hand side of the chart. But what a lot of people don’t do is they don’t look then across to the left-hand side of the chart and see what’s already happened, because that can give you an even higher quality trade signal, or it can prevent you from taking a trade that may look okay, but has some obvious previous price action back to the left-hand side, that should make you not take that trade. Now, when you look back to the left or right, you’re looking at support and resistance levels, looking at swing highs, where’s the price previously bounced at? Have I got enough reason here for my trade to be able to get in a buy trade up to its profit target? Are there any levels back to the left-hand side or ran numbers, previous areas where the price has hit that might actually prevent my price or my trade from getting to its full profit target? Likewise, you can use price action back to the left, to look at swing lows, let’s say, or swing highs, and now we’ve come and bounced at that level and formed our bullish candle, looking for our by trade. So again, you’ve got a reason why your setup’s good. You’ve got a reason why your profit target should be good to get to your profit target, but also you can use that same principle back to the left. Look at previous swing highs and lows and ran numbers to see, have you got any protection for your stop loss? Because the trade’s not just about seeing the good setup, it’s about saying, well, this may be a good setup, but it could take you out as a stop loss first and then go and hit your profit target. Of course that’s no good. So what is in the favour of this trade in terms of our stop loss being protected, to allow the trade to develop over time, to then get to our profit target. So all these things you can use. So looking left and looking right, is a great habit to help you becoming a good, successful profitable trader, looking left and looking right and forgetting to do that can get you hit by a bus. So make sure you do it. Look, the reality is in trading, just so many people don’t do it. They clog up their charts with too many lines and indicators and half the people don’t even look at the price. But look left and look right. You look at what’s previously happened and what is happening right now. It will massively help you. Two other things I want to mention. Blueberry Markets receive great feedback One about Blueberry Markets. We’ve just continued to get such great feedback about Blueberry Markets. You’d note over the last couple of months, I’ve mentioned them on these videos and podcasts because they are just a really, really good broker. Now you’ve got choice to go to whichever broke you like and do your due diligence. Just really important that you do that. But if you just want the feedback that I’m constantly getting from so many people, right around the world, just consider Blueberry Markets as an option, if you’re looking to set up a new MT4, MT5 account with a different broker, I can highly recommend them. Their customer service is outstanding. Everything about them is very, very high quality. So that’s Blueberry Mar

Trading in a Covid World, plus a 7.5% Account Gain in a Day Podcast: Click Here To Learn More About Blueberry Markets Click Here To Learn More About The Course #429: Trading in a Covid World, plus a 7.5% Account Gain in a Day In this video: 00:25 – Everything’s changed with Covid over the past 18 months 01:00 – Debate around masks, vaccines, lockdowns and passports 02:28 – Where to from here? 03:48 – Most issues disappear when you trade Forex 04:50 – Trader makes +7.5% gain in a day 06:00 – Are you looking for a good Forex broker? 07:15 – Send me your questions 07:31 – Feel free to share the video and podcast We’re now traders in a COVID world. What does that mean for us as traders going forward, and how can you take advantage of it? Let’s talk about that a more right now. Hey traders, Andrew Mitchem here, the Forex trading coach with video and podcast number 429. Everything’s changed with Covid over the past 18 months Well, obviously the last 18 months or so everything’s changed for virtually everybody, it doesn’t matter where you live in the world with COVID and all the effects of that. And it got me thinking about trading the Forex market and how good it really is and what advantages that we have going forward. I wanted to share some of those with you. And this is for you, it doesn’t really matter where you live in the world, it doesn’t matter whether you’re a business owner, an employee, or an employer. Let me explain what I mean. Debate around masks, vaccines, lockdowns and passports So right now there’s obviously a lot of debate around the world with masks, with vaccines, with vaccine passports, lockdowns, all those things are still going on, and depending on where you live in the world, different countries, slightly different rules. Here in New Zealand, we’re still in lockdown mode. I have no idea why, but we still are. It’s badly, badly affecting so many people business wise, emotionally wise, it’s not good. And so if you’re, let’s say you’re a landlord and you own a shop in a town somewhere, anywhere in the world. So obviously, over the last 18 months, it’s been lockdowns virtually everywhere, and as a landlord that’s going to be pretty tough ind going forward, that’s going to be pretty tough because less and less people probably wanting to have cafes and shops, et cetera, in towns. And so as a landlord, what do you do? If you’re the business owner, if you own the shop or the cafe or whatever it might be business in town, you’ve had lockdowns, you’ve had people not coming into work, and so you’ve had that issue. If you’re an employee and you work those places, then obviously, for a lot of you, if you cannot work at home, you’ve been badly affected as well. Now if that’s what’s happened, and we can’t change a lot of that, but let’s have a think about going forward from here. Where to from here? Let’s face it, most people don’t like wearing masks. Personally, I think they’re horrible things. I’m very lucky I work from home and I hardly ever have to wear one. Now if you’re the sort of person, if you’re an employee, you’re now going to be having debates over masks, wearing them all day, and now vaccine jabs, and whether you … And this is not about pros and cons or saying what my opinion is, my opinion to you doesn’t matter. The point is that people are going to get very strongly one way or the other. You might think that masks and vaccines are the answer and they’re fantastic. Likewise, you might think that masks and vaccines are just control and a waste of time. But the problem is going forward, if you’re the boss, you’ve got to deal with this. You’ve got to deal with staff with different issues. If you’re the employee, you’re going to be happy if you are working with people who are or are not vaccinated, depending on your point of view. If you’re the person walking around town, going to a shop or a cafe, and you’re against vaccines and mass, are you really going to go into town and spend money to go and sit in a cafe, or they may not let you even in the cafe. So there’s all these issues going on here. Now it’s probably going to get worse for quite a while until everybody sorts out what’s happening. Most issues disappear when you trade Forex Now bring that back to trading, and why I want to talk about that is to say, well, trading the Forex market, it gets you around all these issues, doesn’t it? You can work from a laptop. You can work from home. You can work remotely. If you’re in America or Europe where you’re lucky enough to now be able to travel again, that’s fantastic. You’d have noticed that a couple weeks ago, Paul Tillman, who works with me, he was off in Florida for two weeks. He&#8217

Become an Investor, Not a Follower Podcast: Click Here To Learn More About Blueberry Markets #428: Become an Investor, Not a Follower In this video: 00:26 – Rich Dad Poor Dad email 02:24 – Unrealistic expectations 03:28 – Live webinar with Ryo Chong – come and learn 05:30 – Where to invest your funds? 06:50 – Register for the webinar on 25th September I’m going to talk about why you should focus on becoming an investor for yourself and not a follower. 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 428. Rich Dad Poor Dad email And I have received an email this week from a guy I’ve been following for years. You probably heard of him, Robert Kiyosaki from Rich Dad, Poor Dad. I’ve been following him, read all his books and think that he just offers some really good, sound, sensible, common sense advice. I’d like to think that I do the same. But I’d like to read an email and a quote from him that I think relates to so many Forex traders out there, and it’s all about investing and why you should learn to invest for yourself. But he asks the questions, do you really want to invest? And what he means by that is, he says that every day he receives emails from people, he talks to people and he says, basically, a lot of people are just too lazy to invest. And instead, they want him to tell them what to do. And he said, “That’s not investing at all, that’s just simply following instructions.” He goes on to say, “That when people want to invest in something, what they really mean is they want someone else to tell them what to do.” And he says, “Do not follow that path, instead, focus on becoming an investor.” And it’s what I tell people to do all the time. It’s what I’ve been saying on these last 428 videos and podcasts, just like this. And it’s great that he says exactly the same thing. Because like he says, he finishes up by saying, “When you are an investor, you know how to choose your own,” he’s talking about the stock market, but same thing with currencies, “You know how to choose your own stocks. You will know how to determine your profit goals, how to manage your risk, and so much more. When you are an investor, you will possess a life skill that no-one can take away from you.” Now, just think about that for a second. That’s so true, isn’t it? And that’s why I constantly say that good education is the cheapest thing you can do if you want to become a good Forex trader. Unrealistic expectations Now, I had a guy email me just this week saying that he’s got about a thousand dollars to invest, and he expects out of that to learn from me and make a thousand dollars every week. And it’s like, “Do you really think that’s going to happen?” And I can bet he will be the sort of guy that all he would want to do is just follow and follow and follow. Now, that’s great, and as part of the course, we offer that ability to follow. We post our daily trades, our forum site trades, et cetera, our live webinars, and that’s exactly what we do. But leading on from that, our aim as Forex coaches, is to help you become independent profitable Forex traders, whilst learning from us along the journey. And that’s part of the community that we have. But ultimately, in order to invest properly as yourself, you’ve got to learn to stand on your own two feet and do this properly for you. And that’s the difference between someone that makes it and someone who doesn’t. Live webinar with Ryo Chong – come and learn Now, leading on from that perfectly, is that next Saturday on the 25th of September at 2:00 PM Singapore time, I’m going to be holding a live webinar and a masterclass with one of my best new clients. His name is Ryo Chong, he lives over in Singapore, and hence why we’re holding the session at two o’clock in the afternoon on Saturday, Singapore time, live. We’re going to be sharing with you all about how we trade. And more importantly, Ryo is going to be sharing with you how he started his Forex journey, how it wasn’t working, how he then joined us, the work, the effort that he goes into on a daily basis since he’s joined us to learn the course, learn the strategy. And now, in just under five months, he is achieving incredible results. He’s posting on our forum site multiple times daily with profitable trade after profitable trade. And he’s going to be sharing with you on this live webinar exactly what he’s doing. Now, if you’d like to jump onto that webinar, it’s invite only via this video and podcast. We’re deliberately going to keep it small. We’re asking people around the Asia area, the Singapore, Malaysia, Vietnam area, if you want to jum

How to Trade while on Holiday/Vacation Podcast: Click Here To Learn More About Blueberry Markets Click Here To Learn More About Echo Trade Copier Click Here To Learn More About TFTC Pattern Trader Click Here To Learn More About 1-on-1 Private Online Coaching with Paul Tillman #427: How to Trade while on Holiday/Vacation In this video: 00:26 – Trading while away from home 00:53 – Trading in less than 30 minutes a day 02:09 – Amazing feedback about Blueberry Markets 02:48 – Credit offer on our Echo Trade Copier 03:46 – Paul Tillman on holiday/vacation in Florida and trading 04:45 – TFTC Pattern Trader and Echo Trade Copier 05:35 – Get in contact with Paul Tillman regarding one on one tuition I’m going to talk about how you can trade whilst on holiday or vacation, and show you how Paul Tillman’s been doing just that for the last two weeks in Florida. Let’s talk about that and more right now. Hey, traders, Andrew Mitchem here, at the Forex Trading Coach with video and podcast number 427. Trading while away from home That’s right. I want to talk about trading while you’re away. And Paul’s been over in the US trading, with his family on holiday or vacation as they call it, for the last two weeks, spending time at Disney World. And I’m going to cut to a video in a couple of minutes that Paul has made, especially for you. Stood outside of Princess Castle with his Mickey Mouse ears on, making a video just for you, for this week’s video and podcast. So we’ll get to that shortly. Trading in less than 30 minutes a day But the thing I want to cover is he’s done that whilst trading in less than 30 minutes per day. And Paul explained how he’s done that. And the reason is, is because we only look at the close of a candle for a new trade. Give you a quick example. Wednesday of this week, we posted six trades on our membership site on the daily chats, all in to profit. Four of them have closed for full profit as I’m talking to you right now. Two still open in profit. Yesterday, being Thursday, no daily trades. Happens sometimes. The market was a little bit quieter, but I took a 12 hour and a six hour at the 5:00 PM, New York close, and profit out of those as well. And clients follow these as well, by the way. Just last night my time, I took five trades on our 12 hour charts at the 5:00 AM Eastern Standard Time, change over, all in profit and it just shows what can be done, but just really it’s about less is more. Quality of trades, taking them when you see them, knowing when to look at your charts. When you see the setups, knowing exactly how to enter and exit. It’s the same principle. It’s low risk trading, but high reward to risk trades. Amazing feedback about Blueberry Markets So just wanted to also, before we go to Paul, give a quick shout out for Blueberry Markets over in Australia. The feedback that I’ve been getting from people who have never traded through them, and now gone through to them over the last few weeks, has been unbelievable, just constantly good feedback. And people don’t really compliment brokers, do they? It’s very rare. Everybody’s quick to moan at a broker, but not many people compliment a broker. And I’ve got a very high number of emails, people saying to me, “Hey Andrew, you recommended me go and look at Blueberry and consider trading through them and I’ve done it. And it’s fantastic, and it’s a really enjoyable process. And I appreciate you letting me know about them.” Credit offer on our Echo Trade Copier One thing, also, at Blueberry, as I mentioned last week, I’ve managed to twist their arm and I’ve got them to extend their credit offer on our Echo Trade Copier account. So if you want to have your account traded automatically or auto-magically, as I like to call it, at the same ratio as my own master account, then Echo Trade Copier is the place to go. And Blueberry Markets will give you a credit for a new account for up to 12 months credit of our Echo Trade Copier service once you open a new account with them and fund it. So it’s a really great opportunity. Right now we’re up about 30%. Great opportunity for you to grow your account, basically for no charge. How good is that? Blueberry Markets, I’ll put a link to them and that offer on this video and podcast. So that’s it for me right now. I’m going to stop the video and go straight over to Paul. Who’s over in sunny Florida, and I’ll see you this time next week. Here’s Paul. Paul Tillman on holiday/vacation in Florida and trading Howdy, traders. Here I am at the Princess Castle in Orlando, Florida. Here with my family, here at Disney World and coming live to you today. So, I want to talk to you about trading and how you can do that in just a little bit of time and how I’ve done that this week. So I’ve been on vacation with my

Why You Don’t Need Money to Trade Podcast: Click Here To Learn More About Blueberry Markets Click Here To Learn More About Echo Trade Copier Click Here To Watch Ryo’s Testimonial Click Here To Learn Check Out FPA reviews Click Here To Learn More About my TFTC Forex Coaching Course #426: Why You Don’t Need Money to Trade In this video: 00:29 – The perception that you need a lot of money to trade 02:46 – I’m looking at starting a lower cost course. Are you interested? 03:54 – Blueberry Markets will extend their Echo Trade Copier offer 05:15 – A new video from Ryo on our Testimonials page 06:09 – Great new reviews on the FPA site 06:52 – Live trades on live webinars, 4/4 Profitable trades 07:52 – Get involved I’m going to explain to you why you actually don’t need money in order to trade properly. Let’s talk about that and more, right now. Hey traders, it’s Andrew Mitchem here, the owner of the Forex Trading Coach with video and podcast number 426. The perception that you need a lot of money to trade I’ve got six things I want to talk to you today about, so lots to cover. First thing is about the common perception that people have. They think they need a lot of money in order to trade. The reality is, you don’t. Sure you need to learn how to trade, but in terms of having a massive account size once you know how to trade, you don’t need to. A lot of things you can do. One thing you could do is have a subscription service and sell trading signals, exactly we do for our Echo Trade Copier. You charge $50, $100 a month, and people can follow you automatically and you can build up your account size that way. But another way that a lot of people don’t realise is the massive amount of emerging prop firms out there. And what that means is, for some of them they may charge you a small amount to get started, and they may give you then a small amount of funds and you have to prove to them that you can trade by making X percent with the restrictions they have in place, with low draw downs, et cetera. And then over time, if you’re good, they will then increase that amount of capital that they will allow you to trade on their behalf. And then for some of them, there may be a 50/50 split. So if you’re something like up to $100,000 account, and of course you could do this on several different firms as well, but let’s say you had a $100,000 account, you’re making, let’s say 10% in a month. What’s that? That’s $10,000. You’re doing a 50/50 split on revenue. You could be $5,000 a month from different prop firms, earning for yourself. And that way, you can then invest that back into your own personal trading fund and trading account and earn on that as well. So, many ways that you can do it. Don’t just think, “Oh, I’ve got $2,000,” or, “I can’t do this. I don’t have enough in my account.” A lot of people say to me, “Hey Andrew, if I bought your course, I don’t have any money left in my trading account to trade with.” But it’s just the wrong way of thinking. You have to learn to trade first. You’ve got to invest in your education and yourself first. All the prop firms signals is fantastic, but once you know what you’re doing, and that’s the important thing. So, get the process right to start with. I’m looking at starting a lower cost course. Are you interested? So, that leads me on to point number two. I’m thinking about starting a low cost course. So, for less than the price of a cup of coffee each day, I’m looking at having a group of people together with a completely different smaller membership site with some trading videos, still with access to my daily trading suggestions as well. It’s something that, I think there’s a lot of people out there that would like that kind of thing. Let me know if you’re interested. If you are, just send a reply or email me, [email protected], or just send reply to this email that you get the video on, or the podcast on, and just let me know if you’re interested. It’s something that I’m looking at starting up in the next few weeks if you’re interested. Just be a small, so maybe like a Facebook group membership type course, but a lot lower costs than the normal course. And like I said, for less than a cup of coffee per day, plus you get my daily trades. If you’re interested, please just let me know and I can then send you details when we have something put together. Blueberry Markets will extend their Echo Trade Copier offer Point number three, I’ve been talking with Ben Clay over in Melbourne, over in Blueberry Markets. And I’ve asked them if they can extend the credit system that they have for our Echo Trade Copier service, and they’ve agreed to. It was ending at the end of August, and I’ve asked them if they can exte

Things to Know as a New Forex Trader Podcast: Click here to learn more about Blueberry Markets Click here to Learn More About Echo Trade Copier #425: Things to Know as a New Forex Trader In this video: 00:22 – Are you brand new to trading? 01:01 – You can do well from trading, if you know where to look 01:58 – Start with a small demo account 03:53 – Choosing a good broker 04:40 – Echo Trade Copier is at +30.7% in 6 months 06:32 – Tips for new traders – find the right people 07:24 – We’ve helped over 3000 traders from 98 Countries over 12 years How do you start out as a brand new Forex trader? 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 425. Are you brand new to trading? And I want to make this video for you if you are brand new to trading or if it’s something you’re just looking at getting into and you don’t really know where to start because the Internet’s an absolute minefield. There are so much information out there online about Forex trading. Unfortunately, most of it’s not particularly good, and most of it’s written by people who are not really traders. So you got to be a little bit careful out there. And it’s almost like if it’s too good to be true, just don’t go there. If it’s all showing you flash cars and Ferraris and people sitting on their laptop on the beach, don’t go there. You can do well from trading, if you know where to look But the good news is, is that you can do extremely well from Forex trading, but you just need to know how to get there first. So when you start out, it looks flashy. There’s flashy results, there’s flashy indicators, there’s all these cool things. But just take it back a step and treat it real. I really encourage everybody to do research. Don’t just jump in head first and think you’re going to become a millionaire by next week, because you’re not going to make that work. It’s going to end very, very badly. Do not treat it as a gamble either. Now, if you think about starting something new, new sport, hobby, whatever it is, job, anything at all, you’ve got to start at the beginning and find someone to help you, coach you, and that’s important as well. You’ve got to have support around you, and there’s nothing better than basically to sort of fast track yourself by getting some good help and good support. Start with a small demo account Now when it comes to the charts, I would suggest that you get onto a demo account and you start with a small demo account. Don’t start with $100,000 demo account because reality is, is that for almost everybody, you’re never going to start with $100,000 live account, so don’t start with a demo account of that size. It’s just going to fall you and get you into a false sense of security. Look, I made that mistake myself 17 years ago. Back then, there weren’t people like myself helping other people like you out there and giving you the realities of training. So I’ve made all the mistakes. Trust me. It took me about four years of going round and round in circles making these mistakes and I can help shortcut those for you. So when you get onto a demo, treat it like it’s real money and try and work out what’s actually happening in the market. Look at candles, what they’re doing, what they’re telling you. Look at correlation between different currency pairs. Look at the price on the right-hand side axis on your charts and just see where the price is moving to and why, where it’s stalling, where it’s changing around, see how different timeframe charts interact with each other. What time of the day do different things happen, and what’s happening at that time in New York or in London, and actually figure out what’s happening and why. If the Australian and U.S. moves up, does the Australian yen move up with it? Does something like the pound Australian then move down at the same time? So you’re getting the correlation, you’re understanding strengths and weaknesses. So there’s a lot you can do to help train your eye, to start you trading, by getting those basics understood first. Look at things like round numbers. Oh, the price has stored at a 00 level or 50 level. Funny that, because that’s the psychological bounce level. So then you’ll start to build that picture up of why things are moving and where they’re likely to go to and why. So really important that you do that. Choosing a good broker Now, moving forward from that, when you get onto a live account, you’ve got to, of course, choose yourself a good broker. One of the best recommendations I can make is Blueberry Markets over in Australia. They can take clients from almost every country. It cannot take clients from the U.S., unfortunately

Making Money from The Daily Chart Trades Podcast: Click here to learn more about Blueberry Markets #424: Making Money from The Daily Chart Trades In this video: 00:26 – Lockdowns and how we can trade as normal 01:05 – Follow us trading on the Daily chart trades 01:50 – Posting trades every day of the trading week 03:36 – August D1 trades at +12.1% in 3 weeks 04:20 – Client in Singapore takes 5x H2 chart trades and all 5 hit their profit targets 05:33 – We post MN1, W1, D1 and other time frame chart trades 06:14 – Trading at Blueberry Markets 07:25 – Free access to Echo Trade Copier via Blueberry Markets I’m going to explain to you how our daily trade suggestions on our membership site are making our clients profitable. Let’s talk about that and more, right now. Hey traders, Andrew Mitchem here at The Forex Trading Coach with video and podcast number 424. Lockdowns and how we can trade as normal Coming to you from yet another lockdown in New Zealand. One of the great things with trading is whatever these governments are doing, clearly not working, trading from home it doesn’t really matter we can just carry on with our lives. It’s a great opportunity if you are stuck at home, obviously Australia’s in lockdown again right now and who knows what’s happening here because I don’t think anybody does, if you ever want to get to a stage where you can forget all that and just enjoy making a really good income from home, Forex is one of those few options that you have. Follow us trading on the Daily chart trades So let’s talk about the daily trades now. One of the issues that traders have when they start is they don’t know really what to do. They lack strategy, they lack confidence. The self-doubt. There’s not really a lot of people you can ask when you’re developing a strategy or even following someone else’s strategy. It becomes a problem, because you start doing things wrong, you start adding things or bringing in a bit of a system that you used to do. It just develops into a big mess, really. Self-doubt comes in and you start losing trades and you give up. You go through the whole cycle again. If you’ve been trading for anything length of time you know exactly what I mean. Posting trades every day of the trading week One of the things that we offer at The Forex Trading Coach, and have done so since 2010, is every day of the trading week, five days a week, we post specific trades based off the daily timeframe charts. Great thing about the daily timeframe charts is it gives us one, two, three trades a day most days. It also means it doesn’t matter where you live in the world, you can place the trades. It doesn’t matter what timezone, what work commitment, or anything. Whether you’re in lockdown or not in lockdown, you can place these trades. We’ve got clients in 98 countries, active clients in 98 countries, and no one has an issue because of the way that we place the trades using limit orders. So one of the advantages of that is that you can go to your charts, you can see the trades that we’re placing based on our updates each day on our membership site. Now we talk about the specific pair that we’re trading, the direction that we’re trading, two or three sentences about why we’re taking that trade, plus the exact entry and exit levels. Now, it does a number of things. Obviously if we get that right, all the clients earn money. And that’s great. We’re placing the trades ourselves, and of course we aim to get profitable trades. But the other thing is, and it’s often an overlooked part of it, is that is training your eye to actually see the set up. And it’s in real time, so we’re not hindsight traders, we’re not economists. I’m not telling you what happened yesterday. We’re saying this is what we’re trading today and why and here are the entry and exit levels, which is of course what you learn in the course anyway. So that helps you to develop confidence. August D1 trades at +12.1% in 3 weeks To give you an example, if you’d taken the trades that we posted just in August, and here we are today on the 20th of August, just at 1% risk per trade, you’d be up 12.1% for a month. Now think about that. 12.1% for the month in three weeks on a live account that you’ve been trading, and all you’ve done is followed what we’ve done on one timeframe chart. So of course it’s going to give you confidence because you’re making money and that’s great. Your draw downs are absolute minimal, but also you’re learning to see the strategy. You’re learning to see the pattern. You’re learning to understand more about that and have confidence to see the pattern, see the trade, take the trade. And so that develops onto something else. Client in Singapore takes 5x H2 chart trades and all 5 hit their prof

Preparation is the Key to Your Trading Success Podcast: Click here to Learn More About my Course Click here to learn more about Blueberry Markets #423: Preparation is the Key to Your Trading Success In this video: 00:21 – Hard work and preparation pays off 01:47 – It’s the same in learning how to trade 01:59 – The planting of 1500 trees 02:43 – Trading on a demo account – the ups and the downs 04:05 – Once you’ve done the hard work, the rest is the easy part 04:30 – Daily trades up +11% gain in August, plus feedback from a new client 05:30 – Blueberry Markets will fund an annual subscription to Echo Trade Copier 06:50 – Sharing some of the tree planting images 07:46 – You must take action if you want to succeed 08:36 – Contact us if you really want to learn how to trade properly Some preparation and some hard work up front are the keys to your Forex success. Let me share details with you and explain more right now. Hey, traders, Andrew here with video and podcast number 423. Hard work and preparation pays off Brought you outside. I want to share a few things for you that are non-Forex related and then show you how they blend in and can help you with your trading. So here we are outside and little bit hard to see here, but over the last few months, myself and my wife, we’ve cleared one of our steep sidling gullies here. I’ll show you more in a minute with some more pictures. And this was just scrub. It was just utter rubbish, full of bramble, gos, really high, just full of utter rubbish. We’ve cleaned it out. We’ve cleared it. And over the last three weekends, myself and my wife, we have done all the hard work ourselves. We’re planted 1,500, that’s 1,500 plants here over the last three weeks. It’s been hard. It’s been dirty. It’s been wet. It’s been cold at times. The ground’s slippery, but we’ve done all the preparation. We cleared everything first. We did that boring groundwork. And when you’re doing that preparation, there’s not a lot of reward in it. There’s other things you’d rather be doing. Let’s face it. But the preparation is key. If you don’t get the preparation right, then all the subsequent work that you do with the planting, it’s pretty much wasted. It’s the same in learning how to trade And when you think about it, trading’s exactly the same. If you don’t do your groundwork, if you don’t learn something properly, if you don’t put the time and the dedication into it, then the rest of it’s pointless. The planting of 1500 trees We then moved on to the planting. Little bit more exciting when you’re doing the planting. You can actually see you’re making some progress and then we’re putting all these covers, to stop rabbits and everything else happening here. So the trees have a good chance of growing, good success rate. Let’s see in here. There’s heaps of them. There’s 1,500 of them here we put in. It’s basically restoration of gullies back into native plants, so it’s good for the birds, good for the environment, good for the land good for everything really. And it’s just totally useless land otherwise. But the reason why sharing this with you is that once you get into the planting and the trees, you can something happening. Trading on a demo account – the ups and the downs And it’s a little bit like getting onto a demo account. You start to put things into practise, you can see some action. But the thing is, and I’m going to share with you some of the slopes that we’ve planted a little bit later, is this is again, this hard work, and you’ve got to do it properly. I’ve been slipping down this bank here being covered in mud, here getting rained on. Again, it’s hard work, but you’ve got to keep going if you want to get there. And if you really want that goal of trading properly, of seeing this grow, whatever it is, you’ve just got to keep going. It’s quite hard when you’re putting in 20, 30 plants and then you go back and pick up another hundred and then you see there’s hundreds more still sat there, ready to go. And you’ve got to do it all. Like I said, myself and my wife, we’re putting in every single one of these. We’ve made all these cardboard coverings here. We put all those in as swell. Lots and lots of hard work and dedication. But if you get that right, and it’s the same with your demo account, you learn, you do your preparation, you learn on your demo and you get it right, then the rewards are massive. It’s like this. Give this a couple of years. and the rewards here will be` massive. This will just be this beautiful, incredible bush here. And it’s the same in trading. It’s the same in trading that once you have done that prep work, that hard work. Once you’ve done the hard work, the rest is

It’s Your Choice Podcast: Click here to Learn More About my Course Click here to learn more about Blueberry Markets #422: It’s Your Choice In this video: 00:25 – You have a choice 01:37 – My choice 13 years ago 02:22 – Sharing some of our results with you 03:54 – Our choices helping traders each day 04:20 – Join us for 3 monthly split payments – a 2 day sale this week 04:47 – Who to choose as a broker? Every second of your life, you have a choice, are you going to move forwards, move backwards, or stay the same? 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 422. You have a choice And we’ll talk about an email that I’ve received this week from somebody who I follow and watch online. And the guy said in his email, he said, “look, you have a choice. Every time you wake up, you have a choice. You choose who to listen to for advice. When you’re young, you listen to your parents, your friends, your enemies even. You choose to hit the snooze button on your alarm. You choose to make a certain amount of money. You choose to be angry or you choose to be sad. You choose to basically do everything you like. And that’s the great thing, because we all have choices. We’re all different. But the important thing is, if you want to get ahead, you’ve got to make those right choices. Because like I said at the beginning, do you want to stay where you are? Do you want to move backwards? Which a lot of people are doing, especially right now around the world. Or do you want to be like only the few and not be like the majority and move forward. And it doesn’t matter whether that moving forward could be a time freedom, it could be financial freedom, it could be just choosing to be happy. It could be all of them, but I really believe that if you know how to trade the Forex market correctly, you can certainly get all of those and more. And so, like I said, it’s all about choice. My choice 13 years ago And, for me, 13 years ago, one of the choices I made after I started to become profitable was I was going to create the world’s best Forex coaching course, and that was one of my goals. I think we’re pretty close to that. You never stop learning. Everybody’s continually learning if you want to go forward, but we have something that works and has helped so many thousands of people. And that was one of my goals, and we continue to do that and we continue to love what we’re doing with our own trading and with our coaching. So there’s goals all over the place and there’s choices all over the place. Sharing some of our results with you Now, interestingly enough that what we have on here is that I wanted to share with you a few results from this week because some of the results are going to blow you away. This is just a printout from my daily trade suggestions on Wednesday of last week, the 4th of August. So on here, we posted two trades on the daily charts. One hit the profit target really quickly on the Euro-New Zealand dollar. The second one also made profit, but it took a little bit longer. But on this post on this day, I said to our clients on our forum site, we talked about trades and we posted these in real time, by the way. Pound-Canadian on the 12 hour chart hit profit target. We had eight hour charts on the franc-yen, euro-Aussie, Pound-yen, Pound-New Zealand, and silver. Made huge profit on those. There was a four hour chart trade posted by one of our clients on the U.S.-franc. And I myself posted two trades, one on the Euro-Franc two hour and one New Zealand-franc two hour. Both again hit profit. And for the Wednesday itself, we posted two trades here. One on the six hours, one on the 12 hour, plus two on the daily. Now, not only that, on the Tuesday trades here, we had the Aussie-Canadian hit a 3.2:1 reward to risk end of day. Canadian-yen 2.5, euro-yen 2.1, and Pound-Aussie had two positions on there. The retracement order hit 2.9:1, made 2.9:1 in the market order, 2.3:1. It just shows what can be achieved there, and that’s achieved just in one day. And that’s what I mean about choices. Our choices helping traders each day Our choice is to help people, it’s to take those trades ourselves, of course, and our choice is to get up each day and to help people looking through the charts, taking our own trades, growing our own accounts, and helping thousands of traders right around the world. And so that’s our choice and that’s what we choose to do and why we do it, we love it. Now, following on from that, a few more things. Join us for 3 monthly split payments – a 2 day sale this week This week coming, I’m going to be doing something I’ve never done before. I’m going to be holding a sale for two days and I’m going to give you the opportunity to join us on split payments. Three monthly split

Knowing When to Trade Podcast: Click here to Learn More About my Course Click here to learn more about Blueberry Markets #421: Knowing When to Trade In this video: 00:27 – When should I trade? 00:51 – How I used to trade many years ago 01:27 – Do what works for you 02:35 – Some examples of when I trade 04:00 – This makes trading enjoyable 04:13 – Where to put your funds and why I use Blueberry Markets 05:22 – How and where to trade 05:44 – Share and like this video and podcast How do you know when to look at your charts and when you should and should not be trading? Let’s talk about that and more right now. Hey traders, it’s Andrew Mitchem at The Forex Trading Coach with video and podcast number 421. When should I trade? I want to talk about a very important topic. I get asked this very often, and it’s all about when should I trade. Now of course, the answer for you will be different to someone else; it depends where you live in the world, what your available time is, what type of trader you are. There’s lots and lots of variables. But I want to give you some examples and hopefully help you to decide when the best time is for you. I’ll share with you when I trade myself. How I used to trade many years ago So years ago, I used to be looking at the charts all the time, looking at every pip movement up and down on five minute charts, one minute charts. All that crazy kind of stuff. And then I got into news trading and I thought that’s going to be the way to trade. But living in New Zealand, most of the news announcements were in my night time or early hours of the morning. So I was getting up at like 2:00, 3:00, 4:00 in the morning and looking for straddle trades, trading US news announcements. Of course it didn’t work. But it had some merit and some logic, well I thought it had merit and logic at the time. Do what works for you So it comes back to you have to develop something that works for you and it has to be realistic. And that’s why some 17 years later I’m still trading, because although I went through that experimental stage early on, I then very soon discovered that if I’m going to trade properly and I’m going to do this properly and I’m going to do this professionally, I need to do something that works. So for that reason, I then started to understand candle patterns and strength and weakness analysis. And when you understand candles, what you realise is there is no point in looking at a candle when it’s mid-formation. So what I mean by that is I only look at a candle and make a decision on whether I’m taking a new trade or not once that candle has closed and completed. Because then nothing else moves. Then you can make your analysis. A lot of benefits to that. Less stress, you know when to look at your charts, and if you trade the way that I trade using retracement limit orders you don’t even need to be there at that exact time when the candle changes. Some examples of when I trade So to give you some examples: the daily candle will close and the new day opens at 5:00 PM New York time. That’s Eastern Standard time. At that time, I personally look at the daily charts because that’s when I write my analysis. And I also at that stage look at the four hour charts, the six hour, the eight hour, and the 12 hour charts. So I can look through those five different timeframe charts, it takes me 10-15 minutes to do all of that once a day. And of course at the beginning of each week you can look at the weekly charts, scan through those in five-10 minutes. The beginning of each month, you can do exactly the same on the monthly charts. So you only need to do the monthly charts once in a month. Very, very easy. The weekly charts once a week. Very easy. And then it depends on your available time. So for me personally, I might look at the close of a six hour chart during the day just once, and then the eight hour chart just once if I’m available. And then for me personally, I then look at the 5:00 AM New York changeover, where I can look at the 12 hour, the six hour, the four hour, and because that’s also the European session with a bit more activity, I look at the two hour and the one hour charts as well. But all up, I can do all of that easily in under 30 minutes per day. It’s knowing when to look. If you’re not there, it doesn’t matter because the way that we trade uses retracement orders. You don’t have to be there stressing about being there at that exact time. This makes trading enjoyable So it makes life easy. It makes it very controllable emotionally. You know when to be at your charts, when not to be, and it makes planning very easy. So that’s how you do the trading. Where to put your funds and why I use Blueberry Markets The next thing you need to know is okay, so you know how to trade or you’re developing a strategy that works nicely. It’s where do you

Have You Received Your Inflation Bonus Yet? Podcast: #420: Have You Received Your Inflation Bonus Yet? In this video: 00:25 – Inflation is about to take off 00:56 – Why is inflation rising and what does that mean for you? 02:14 – Do you have a 4% pay increase? 02:36 – What can you do about this? 03:03 – Look at our recent Monthly chart trade results 03:45 – Our +5.5% gain from just 3 trades 04:11 – Talk to us Have you received your inflation bonus yet? If you haven’t, you need to start asking for one. Let’s talk about that and more right now. Hey traders, Andrew Mitchem here at The Forex Trading Coach with video and podcast number 420. Inflation is about to take off Now every way you look, everywhere you read right now everybody is talking about how inflation is going to go crazy all throughout the world. Certainly here in New Zealand, that is the case. Our annual inflation has just risen, released last week, 3.3%. The highest in over a decade. In the UK, I was reading that they are projecting within a few months their inflation to be up to a 4% massive, massive inflation. Why is that happening? Why is inflation rising and what does that mean for you? Well, just look at what’s happening around the world with even here in New Zealand, just a shortage of good labour, good staff is a big, big shortage problem. There’s a shortage of materials, there’s a shortage of food being picked because of the shortage of staff, and it’s all to do with obviously COVID and the knock-on effects of that. You look at what we’re doing right here. We cannot get enough people into the country. They’re not letting people into the country to come here and work, and as a result of that we’re seeing food wasted. There’s food through orchards and cropping all over the place that’s just wasted. It’s absolutely criminal. What’s happening with that is the food is getting more and more expensive, and there’s all this wastage all over the place, because orchardists, et cetera, cannot pick. Same with housing, you cannot find a builder. They’re so rare at the moment, because everybody’s tied up doing work. So therefore if you want to build it, you have to pay stupid money for it. There’s a lack of product coming into the country, so therefore there’s a lack of material and therefore the price goes up, because if you want it, you have to pay for it. Supply and demand, simple economics. So, that’s what’s happening here. It’s probably going to be happening exactly where you are and it’s happening right around the world, or shortly will be if it’s not already doing so. Do you have a 4% pay increase? So, what does that mean for you? Well, if you’re in the UK, that means if you don’t have a 4% rise in your income, you’re effectively going backwards. Here in New Zealand if you don’t have a 3.3% rise in your income from this time last year, you are going backwards. The cost of living is getting higher and higher and probably for most people wages are not keeping up. What can you do about this? So, that brings me back to trading and why I trade and why I suggest that most people, if you have that interest, you should at least put some of your investment through trading the Forex market, but of course only if you know what you are doing. I want to give you three examples of three trades that we’ve taken on our membership site, because people say to me all the time, “Look, I don’t have time. I’ve got jobs to do, family, et cetera.” Well, that’s fine, so do most people. Look at our recent Monthly chart trade results The reality is why don’t you have a look at what we’ve posted on our monthly charts? We have two trades closed on July’s monthly charts already. The Australian dollar, US dollar made a four to one reward to risk, the US Canadian made a four to one reward to risk. Two fantastic trades. We’ve also this week had a trade from June’s monthly chart trades on the Euro Australian dollar that made a three to one reward to risk. All put on our membership site. The three trades would have taken you less than two minutes to have placed, and that’s it. Absolute no-brainer. They’re all on our membership site anyway for people to follow and copy. Our +5.5% gain from just 3 trades Those three trades alone with only half of 1% risk per trade, very, very tiny, would have made you a 5.5% gain on your account from just those three trades. 5.5%, three trades, two minute’s work, or if you got your 4% wage increase because of inflation. It makes you think, doesn’t it? I know which way I’m going, I’m going trading every day. Talk to us If you would like to take advantage of these conditions and what we do, what we teach with our high reward to risk low risk strategy, come and talk to us. We’re here at

Trade When the Conditions are Right Podcast: #419: Trade When the Conditions are Right In this video: 00:23 – Knowing when to trade 00:48 – Why I trade candle patterns 01:42 – Don’t trade if the market is flat 02:39 – Look at this week’s trading charts 03:15 – Our results from this week 04:40 – Get onto one of my weekly webinars When conditions are right, get trading, make profit, and enjoy it. Let’s talk about that and more right now. Hey traders, Andrew Mitchem here at The Forex Trading Coach with video and podcast number 419. Knowing when to trade Now, trading conditions are hard to judge; it’s hard to know what kind of conditions we’re in right now. But one of the hard things I think people find with trading is they struggle with waiting and they struggle with being impatient. People just really want to take trades all the time because they think that’s what they have to do. For me, there’s a few easy ways around this. Why I trade candle patterns For me, it’s why I look at candle patterns. Because a candle pattern will tell me if it’s in the right part of the chart whether I have a suitable trading opportunity or not. It’s why I only look at my charts two or three times a day on the close of candles. I’m not there being impatient feeling that because I’m at my computer and I’m at the mouse and I feel I have to keep clicking. You know, you’ve got to get away from that impatience that people have with trading. Unfortunately I see it all the time that people just take too many trades, and there’s a big, big problem. And you can see why; it’s exciting to trade and you want to trade so therefore you trade. But always look at the conditions. It’s why I look at round numbers. It’s why I look at room for moving to my profit target, it’s why I look at different timeframe charts as well. It’s why I assess strength and weakness. So I’m giving myself a high probability chance of a successful trade. Don’t trade if the market is flat Now, if the market’s flat and if the market’s not showing anything, I simply move on. I come back and look again later when the next candle closes. But if there’s nothing there, don’t take anything. Don’t just pay your broker lots of spreads and probably in taking losing trades. Because it’s so hard to climb back from that. You’ve got to have profitable trades that outdo your losses plus make some more and so that’s a real hard part of trading for so many people. You can always find a trade if you go down to a shorter timeframe chart. You’re looking at real short timeframe scalping kind of positions. But that’s not what most people are about, and it’s not enjoyable for me, certainly. I don’t think it’s an enjoyable way to trade. You’re far better off being patient and looking a few times a day and then taking a trade with high reward to risk. Not this stressful feeling that you’ve got to watch every pip move up and down situation. So when trading conditions are not there, they’re not right, don’t trade. Look at this week’s trading charts However, have a look at this week’s charts. Now Friday of last week was the US monthly employment data, so things were pretty quiet. Monday was Independence Day in America, so things were pretty quiet. But then Tuesday, Wednesday, Thursday we’ve seen some exceptional conditions. So just four days into the week so far as I’m recording this right now on my Friday morning, we have had some great trades. If the market is showing the conditions, you see the trade, you take the trade, you profit from it. Because that’s what you have to do when the market is giving you these opportunities. Our results from this week To share with you some trades from just this week my daily chart trades on our membership site – don’t forget all these trades are just with half a percent total risk per trade, very, very small risk – we’re up 2.8% on closed trades on our daily chart trades that have been published trades for our members to follow. I’m up 2% on our monthly trades that are still open right now, taken at the beginning of July. I’m up 2.2% on all other timeframe charts that I’ve taken myself this week. And our Pattern Trader software, our auto bot software, and also our Trade Copier service called Echo Trade Copier, is currently up 1.6% for this week so far. So you put all that together and you think, well we’re only four days into the week when I’m recording this and Monday was a public holiday in America, so that meant most of Monday and part of Tuesday was not much happening anyway. Put all that together, and you can see that when the trading conditions are good, you see the trade, you take the trade, you profit from the trades and like I said at the beginning you enjoy it. Be

Incredible Returns from Our Trading Bots Podcast: #418: Incredible Returns from Our Trading Bots In this video: 00:27 – TFTC Pattern Trader Updates 01:13 – Updates coming in August 01:59 – Our top bot traders 03:18 – 2 weeks free trial available 03:30 – Traders making great returns and enjoying knowing how to trade 04:17 – My trading blend of manual and auto trading I’m going to give you some updates from our TFTC Pattern Trader software, and also talk about some very happy coaching clients. Let’s get into that and more right now. Hey traders, Andrew Mitchem here at The Forex Trading Coach with video and podcast number 418. TFTC Pattern Trader Updates Now, I want to give you an update, first of all, regarding our amazing bot trading software called TFTC Pattern Trader. I’ll put a link to it on this page, so you can go and get yourself a free two-week trial to that software. Now, the software basically allows you to create different trading robots using my strategy across different timeframe charts with different criteria, and allows you to back test those trades, and also, then, when you’ve created a portfolio of bots that you like, to take those trades on a live account, that you have your MT4 account built into the software. So you don’t need any extra VPS. You don’t need any expert advisors, you don’t need anything like that. It’s all integrated together. Updates coming in August Now, in early August, we will be having some new updates and upgrades to the system. It’s already incredibly amazing. It’s going to get even better. We’re going to have new functions, like the ability to forward test, as well as just back test, which is going to be a massive improvement yet further. We’re going to also have the ability for people to fine tune different indicators on different timeframe charts, plus you’d have the ability to use the built in virtual server and built in virtual account to have it in different currency denominations and start at different account sizes, to make it realistic, to see what returns the bots would have created, and back test and then forward test and then going into live trading. Our top bot traders Now, just to give you some examples, our top 20 leaderboards, that’s the top 20 returns from people using the software already, all 20 of those people have made actual returns of over 20%. Now, they’ve been using it for different lengths of time, but the top person right now is at 76% gain from their bots. Now, don’t forget that they’ve created these bots using a simple strategy, simple to do, and they’re running this on live accounts, and they’ve made 76%, all with low drawdown as well. And the top annualised return, so, this person hasn’t made this yet, but they’re projected to, according to their current figures, they’re up to make 221% gain on their account in 12 months, according to where they are so far, with their actual live account returns. Quite amazing returns when you think about that, and don’t forget, it’s all automated, or you can manually opt to take trades or not via Telegram when you simply get the trade sent through to you, you can see the trade and you decide yes or no on Telegram app, and it automatically places the trade there onto your trading account, or it can be completely, 100% automated. So it’s quite amazing returns that people are getting there. 2 weeks free trial available As I said, there’s a two week free trial that we can give you to the basic version of the software. Just go to TFTCpatterntrader.com. And as mentioned, I’ll put a link on this post, as well. Traders making great returns and enjoying knowing how to trade Now, last thing I want to comment about is, two clients last night on my webinar, John, over in the UK said, “Thanks for the webinar. Great as normal, I’m learning a lot, and hopefully on my way to consistency after so many years of trying.” John’s just been with us for about a month and just changing his trading around, some of the comments that he sent through were just amazing about how he’s finally now starting to understand what it is he needs to look for within his trading, and Sean, who is from here in New Zealand, Sean said, “The course is amazing. I’ve learned more through the webinars and the forum, which definitely complements the course. I highly recommend it.” And for June, he made over 6% percent on his account gain. So, just shows what’s happening. My trading blend of manual and auto trading So, for me, the answer for trading going forward, is to have some manual trading, and some bot trading, some automated trading. And our bot trading is still working on my trading strategy, but it just frees you up even more time and takes even more emotion out of things. So, look, if you want to know about the coaching course, ha

Are Cryptos a Good Investment? Podcast: #417: Are Cryptos a Good Investment? In this video: 00:22 – Crypto currencies or Forex? 00:45 – The advantage of Forex 01:39 – Bitcoin crashes 50% in 2 months 02:53 – Emotions when trading live 03:49 – Forex is the clear winner Are cryptos a good investment? Let’s talk about that and more right now. Hey traders, it’s Andrew Mitchem here, the owner of the Forex Trading Coach with the video and podcast number 417. Crypto currencies or Forex? Now there’s obviously a lot of talk and a lot of speculation around right now, about cryptocurrencies, and are they a better way of trading than trading the traditional forex market? And with all these new things, everybody thinks that the next thing’s the best thing, but for me, there are so many reasons why trading forex is so much better than trading cryptos. The advantage of Forex To start with, forex is stable. It’s been around for years and years now. It’s stable. You can trade it fundamentally. So you can look at world events, news items. You can trade it technically, you can look at your charts. You can trade it with a combination of both. As you know, I’m a technical trader in the forex market, and so what I see on the charts tells me what’s likely to be happening and where I can put my entry and stop loss and profit targets, et cetera, to gain my low risk, high reward trades that we trade. And so for me, that’s a huge advantage, and world events move the forex market. And you only need to know about eight different currencies, the main currencies, and that’s it. So there’s a lot of advantage there. You’ve got stop loss protection, you can trade different timeframe charts, you know exactly when to look at your charts, et cetera. So all those benefits that you just do not get in the crypto currencies. Bitcoin crashes 50% in 2 months Take Bitcoin for example. Just two months ago, Bitcoin almost got to 65,000 US dollars for one Bitcoin. Today, two months later, right now it’s at 33,000. That’s almost a 50% drop in the value of Bitcoin. And that’s something you just do not get in the currency markets. You imagine if you went out there and just bought a Bitcoin and paid nearly 66,000 US dollars or 65,000 US dollars, and today it’s half that value. That’s clearly not good. But the thing is, how do you trade that? And the beauty of the forex market is you can trade the forex market and you’re in and out of trades relatively quickly, depending on what type of trader you are within a few minutes, a few hours, a few days sometimes, the odd time a week or so. But you’re in and out of that market without those big gaps and those big gaps up, big gaps down and all of a sudden your Bitcoin’s gone from 33,000 down to 25 or maybe 33 up to 38 or something. Big gaps up and down are very, very dangerous emotionally. And you cannot really put stop losses in place, and it’s really hard to control what’s happening when you get those gaps. Emotions when trading live So to me, you’ve got to remember that when you trade live, anything live, it’s very, very different. The whole could’ve, would’ve, should’ve scenario, all sounds great in hindsight, “Oh, I should have bought Bitcoin when it was $2,000 and then I should have sold it at 65,000.” But thing is, did you really do that? And so when it comes to real money, it’s a lot harder than the would’ve, could’ve, should’ve theory, because it’s real. It’s real money. It’s your hard earned cash. It’s an investment. You’ve got to make a decision and you’ve got to stand by that decision as your cryptocurrency right now, over the last two months has just done nothing but drop. When you get out, do you lose money? Do you accept a loss? All those things, really, really difficult when it comes to real money. So theory of cryptos, absolutely fantastic in theory, of all these different ideas and different currencies coming out. Forex is the clear winner The reality is, if you want a good, safe, steady return with a good investment proven market, absolutely the forex market without doubt wins completely and utterly in my opinion. I hope that helps. So again, difference between theory and reality. It’s a big one when it comes to actually putting your money, putting your neck on the line. I’ll see you this time next week. Bye for now. Episode Title: #417: Are Cryptos a Good Investment? Click here to Learn More About my Course

How to Achieve Time Freedom Podcast: #415: Get a copy of our Traders App In this video: 00:31 – Feedback from our live weekly webinar 01:23 – How to achieve time freedom 02:00 – I look at the charts twice a day 03:04 – The beauty of trading Forex 03:27 – Commit to learn at the beginning 04:14 – 2 trades taken live on our webinar 04:36 – How to take the next step Time freedom. It’s something everybody is searching for. Let me share with you now how Forex Trading can help you achieve the time freedom that you’re looking for. Hey traders, it’s Andrew Mitchem here at the Forex Trading coach with video and podcast number 416. And I want to talk about time freedom on today’s video and podcast. Feedback from our live weekly webinar But first, I just want to share with you an email that I’ve received from a new client who attended my live webinar just last night. And by the way, I took two trades on the one-hour chart and the two-hour chart. Both were profitable on the webinar, made our clients a lot of money. Received this from John. “Hi, Andrew. I’ve been in many live sessions over the last few years. In fact, hundreds from … Won’t read the company name out, but a well-known Forex course. And today, with you was by far the best. It was simply sensational. It looks like after so many years of frustrations, dead ends false starts and false dawns. I’ve found the right organisation and mentor, and it comes as a relief having thrown in the towel a while ago exhausted and depressed” that’s from John. So just wanted to read that out for you. It’s just recently been received. How to achieve time freedom So back to time freedom. We all have the same time. It doesn’t matter where you live in the world, how old you are, how much money you’ve got, whether you’re male, female, what your job is, it does not matter. Everybody has the same amount of time and it’s how we use it that is the most important thing. And I want to share with you why I believe that once you can understand trading and once you’ve trade properly, how it’s more than just like the monetary side of things that is important. It’s the time side of it, it’s the freedom that it provides. I look at the charts twice a day For me personally, I commit to looking at the charts twice a day. If I do that, I can trade full time, look through ample charts and make some great returns. And so what that allows me to do is to choose what I do the rest of the day, whether that be something that wants to be freed up time for you know, you might want sort of more time for either other work. You might want it for sports, recreational, family, whatever it is you do. I live on 11 acres here, it takes quite a bit of looking after you know, we do all this ourselves, myself and my wife. So I need time to go and do those type of things. I fly a helicopter, you know that takes time and commitment for learning and training and actually doing the fly. So I like to do that. I like to play sports, we’ve got five children, you know it takes time to do all the running around for kids. Being the taxi service, the mum and dad, taxi service for children and all and commitments and schoolwork and all those types of things. So all takes time out of your day. The beauty of trading Forex And the beauty of trading is that because I know when to look at the charts and for me, it’s 5:00 AM and 5:00 PM, New York time. And that’s the only time I look at my charts. I know what free time I have during the rest of the day and night to decide on what to do. And so that to me is one of the benefits. Commit to learn at the beginning Now, of course, when you start trading, you’ve got to commit to extra things like John with the webinar there, he’s on the webinar for two hours yesterday as were a lot of our clients. And yes, you need to commit because that’s like educational. That’s building up your knowledge in real time to get that stage where you can trade either sort of part-time if you want to or full time, some people get to that full-time stage and that’s when you really make that true financial and time freedom break. And you know, obviously not a lot of people get there, but it takes time and dedication. You’ve got to start somewhere. So exactly like John, jump onto something that works, jump onto something that’s proven. And with people who are actually trading live. 2 trades taken live on our webinar Like I said, I took two trades on my live account in front of our clients. They were taken on the webinar and by the time we’d finished the webinar, they both hit profit. You know, people could take those trades follow along with that in real time and profit from those positions that we took, there is no better way to learn than to follow someone in real time with their trading. How to take the next step If you&#821

Get a copy of our Traders App Podcast: #415: Get a copy of our Traders App In this video: 00:23 – 2 announcements to inform you about 00:39 – Our new traders app 02:02 – The next FX Insiders webinar 03:20 – Recap of the 2 announcements this week We’ve just launched our first ever trader’s app. Let me show you how you can get a copy right now. Hey traders, Andrew Mitchem here, the owner of The Forex Trading Coach with video and podcast number 415. 2 announcements to inform you about Got two very important announcements to make for you today. First one is about our new trader’s app, and the second one is about a live webinar that I’ll be holding this week and I’d love you to attend that because you’re going to learn so much from it. Our new traders app So number one, our new trader’s app. We have launched our first ever trader’s app for the public to gain access to the free information that we post each day on our website. But it’s just going to be available for you nice and conveniently straight through to our app. Right now it’s only available on the IOS or Apple App Store, but very shortly we’ll have it available for Google and Android. So all you need to do is search up the Forex Trading Coach Mobile, I’ll put a link on this video and podcast about it. Now really cool app, very easy to use. It sends you a link to the updated daily free information where I publish the strengths and weaknesses of currencies each day and different currency pairs where I’m looking for them to predominantly look for buy-trades or sell-trades for that day. That information comes through to you on the app now. You can also get access to all of my now 415 videos and podcast, the weekly videos just like this one. You can register for one of my webinars that I hold for new traders or experienced traders each week. You can also register for our ebook or our lot-size calculator that works on MT4 or MT5. So that’s the app. Have a look on the App Store and look on the link that I’ll put on this podcast and video. The next FX Insiders webinar That’s the first thing. The second one: on Wednesday the 16th at 7:00 AM my time here in New Zealand, which could be your Tuesday so have a look depending on where you live in the world, it could be your Tuesday, it could be early hours of Wednesday. There’s a link on the page that I’m going to give you anyway to register for my next Forex Insider’s Webinar. Got a lot of people already registered. We do have to put a restriction on it because it’s a live session. But it’s going to be a really good webinar. It’s going to be about how you can increase and boost your profits plus also save yourself time by using our clever way of using retracement orders and limit orders to enter into trades. So it definitely will boost your profits, it will increase your reward-to-risk of your trades, and it saves you time because you don’t need to be there at the time that the price gets to your entry level. So I’d love to share with you some more information about how we do that and how that can help benefit you. So there will be a link on here; make sure you register for it. Like I said, limited spaces. It’s a live webinar. Make sure you jump on it and take advantage of that information that we are sharing with you. Recap of the 2 announcements this week So two things: number one, if you are on the Apple phone IOS get a copy of our new app. If you’re on Android just got to wait a tiny bit longer but it’s coming. Point number two, make sure you register for the webinar that I’m going to be holding this week and get the start time correct in your local start time. If you’re in the US, it’s going to be your Tuesday sort of afternoon/evening time. If you’re in Europe, it’s going to be your Tuesday evening also. If you’re in Australia, it’s going to be early on your Wednesday morning and 7:00 here in New Zealand start time. So I look forward to sharing with you how you can boost your profits, save time, increase your reward-to-risk on that webinar. Hope that helps, I’ll see you this time next week. Bye for now. Episode Title: #415: Get a copy of our Traders App Click here to download the App on your iOS Devices Click here to download the App on your Android Devices

It’s Time to Get Real Podcast: #414: It’s Time to Get Real In this video: 00:23 – Keep it real 01:04 – We fail to recognise the effort required to succeed 01:32 – A trading example 03:22 – You need to understand the market 04:42 – You need dedication and hard work As a Forex trader, you need to learn to get real. Let me explain more right now. Hey, traders, Andrew here at the Forex Trading Coach with video and podcast number 414. Keep it real Now, this is going to be all about getting real, keeping it real with your expectations. So, what we see online is everybody’s success. We see lots of money being made in trading. If we’re into sports, we see great sports men, great sports women out there having success, scoring the runs, taking the wickets in their cricket, winning grand slams in tennis, scoring tries in rugby, scoring the goals in soccer. With musicians, we see the great guitarists, the amazing singers, the drummer, all those type of things. We all see their success and we go, “Wow, wouldn’t it be amazing too?” We fail to recognise the effort required to succeed But the problem is, is we don’t see the hard work, the blood, sweat, tears, the dedications, their failures, their commitments behind the scenes to get to that level of success. Trading is no different. Trading does take work, dedication, commitment to learn how to do this properly. It is no different from being a fantastic singer or tennis player or whatever it is that you follow. A trading example A great example of that was something that I got sent just yesterday. Someone sent me a link to this Expert Advisor, so this robot that trades gold. I looked at it briefly and I thought, “That looks okay,” and it had some quite good success. It was up 22% by taking these buy trades automatically on gold. Now this morning my time, which is now Friday, the 4th of June, gold has crashed. It’s dropped quite a lot overnight, had a big fall. Biggest fall it’s had in quite a long time. I looked at the results of this Expert Advisor this morning, it’s now on its equity at 3.4% from mid-20s just yesterday. So, it’s had about a 19% drawdown just today. Now the reality is, is you cannot absorb that, and so unfortunately most people won’t see that, they’ll just see it as … they won’t see it’s an equity drawdown, and so they won’t understand what they’re looking for. So they think they can pay their $200 and off they go and this thing’s going to magically trade for them, but there’s no work involved in that, there’s no understanding involved in that. That’s the downside when you make things too easy. So I just wanted to highlight that, because I’ve seen it just an hour ago. Looked at the updated results and it’s crashed. So, the problem is with that is they are not understanding the basic principles of trading, they’re not understanding controlled risk, because those trades on that Expert Advisor, they’re still open. If gold crashes again today and next week when you’re watching this video, that 19% drawdown could be 20%, 30%, 40% drawdown, who knows. That’s the problem when you don’t know what you’re doing or you’re relying on someone else and you don’t know how their system works. You need to understand the market So, the whole let’s get real thing, you’ve got to understand the market. Now to be perfectly honest, we’ve had a pretty tough last few weeks on most of our charts. The market has not been kind to us, but we have very low controlled drawdowns and we have low-risk on our trades. We’ve seen personally the longer timeframes, the weekly and the monthly charts and the short timeframes, the one, two hour charts, four hour charts had some great trades on those, but in between, the six, eight, 12 hour charts and the daily charts have not been that good in the last few weeks, but we’re real about that. Not every trade will be profitable, not every week will be profitable. Sometimes you may even get a month that’s not profitable, but you have to be real, you have to have those expectations of that could happen. But the difference with the way that we trade, because with good traders and we understand risk and reward and low-risk portrayed, and the way that we teach, is that if we have a few weeks that are not so good, our drawdowns are tiny. We’re not going to suddenly lose this Expert Advisor 19% overnight, you cannot absorb that. So, the let’s get real thing is that trades will not always work, you have to be real about that. You need dedication and hard work The dedication and the hard work and the commitment is real. You can’t just buy something for 200 bucks, stick it on a virtual server and expect it to work miracles, that’s not real. So understanding how to trade is the reality, understanding the co

How to Increase the Reward:Risk of Your Trades Podcast: #413: How to Increase the Reward:Risk of Your Trades In this video: 00:29 – An easy technique which will increase your profits 00:53 – Most traders focus only on Win Rates 01:52 – How do you achieve high R:R trades? 02:24 – Using Limit Orders 03:49 – A real time example from the USD/JPY D1 chart 05:23 – A lower win rate but make massive gains 05:44 – My June FX Insiders Webinar – email me if you’d like to join me I’m going to explain to you how you can increase the reward to risk of your trades by using limit orders. It’s a very important part of your trading success. Let’s get into that and more right now. Hey, traders, Andrew here at the Forex Trading Coach with video and podcast number 413. An easy technique which will increase your profits Now I want to explain to you a very easy technique to increase the reward to risk of your trades, and by increasing the reward to risk of your trades, that is a massive step forward for you to become a profitable Forex trader. Now, when people start trading, they probably don’t value how important that is. Most traders focus only on Win Rates Most people seem to think about win rates and I get emails all the time saying, “Hey Andrew, what’s your win rate.” Or, “If I took daily charts, what’s your win rate or one hour charts does that increase my win rate?” And the problem with win rate, although it might feel very nice and warm and fuzzy to say, “I’ve got nine out of 10 trades correct.” The problem is with most people that I’ve ever seen that have very high win rates is their reward to risk on the trades is very small and all they need is say, one out of 10 trades to go wrong, and it’s wiped out all the gains that they’ve made from the other nine profitable trades. So, having a win rate of let’s say 90%, really doesn’t mean a lot. And most people that I’ve seen over all the years of trading, actually lose money, bigger picture when they have high win rates. Although for most new people, it sounds like it’s the most important thing. It really is not. High reward to risk is what counts. How do you achieve high R:R trades? But how do you do that, and how to do that in a practical, easy way? Well, some people might look at that and go, “Okay, to get a high reward out of my trade. I must have a very, very small stop loss. And every so often, you pull off a winning trade and it makes a high reward to risk.” And you could do that if you really wanted to. The problem is your win rate on that will be very, very small because most of the time with a very small stop loss, your spreads or news announcements or something is going to take the trade out and you’ll just end up losing so many trades. Using Limit Orders The easy way around it, and it’s what we’ve done for years and years, is to use limit orders. So when you look at your charts, you can place a trade at the market, which means you’re jumping in right now. You can use stop orders, which means on a buy stop, it means that you are putting a by trade in above the current price. Not really so good for high reward to risk. It’s okay if you want to break out of a zone, let’s say. But the trade that we use are limit orders. So I’m using a buy limit means here’s the price right now. I like my setup, but I’m buying when the price goes lower than where it currently is. And it doesn’t mean to say, you need to sit there, just watching for the price to drop, drop, drop. “Oh yeah, I’m going to press buy now.” You don’t do that at all. You see your setup that you like as a trade and you then, using the way that we trade, using fib levels, et cetera, we then put in a buy limit to buy the trade if the price drops to a certain level. And now of course we can just place that order and just leave the trade alone. We don’t have to be there at that exact time when the price hits that level. The same thing in reverse with the sell. Price is here. We don’t want to be selling right now. We want to wait for the price to rise first and then sell, based on the strengths of the candle pattern and the setup that we see, but we’re getting in at a higher price. A real time example from the USD/JPY D1 chart Now I’ll give you an exact example from just yesterday. So go have a look at your charts on Thursday, the 27th of May’s 2021 daily charts. So yesterday I took a trade on the US Yen, and we had a trade and it made a fantastic 2.5 to one reward to risk. Now I’ve just calculated, if we took that same trade with the same stop loss and the same profit target, but we took that at the market open, we’d have made a 1.1 reward to risk trade. So equate that to percentages. If I’m risking half a percent on each trade, if I placed the trade at the

Achieving Great Trading Results Podcast: #412: Achieving Great Trading Results In this video: 00:24 – At the airport today 01:13 – Sharing comments from clients 01:42 – XAU/USD MN1 trade closes for 10.1:1 Reward:Risk 02:14 – Weekly Oil trades hit profit targets 02:35 – Webinar with clients and profitable trades 03:30 – We offer daily trade suggestions to follow 04:11 – Another client makes fantastic gains 04:42 – Contact me [email protected] Forex traders, all we want is results, isn’t it? Let’s talk about how we are achieving results and how our clients are achieving great results right now. Hey, traders, Andrew here at the Forex Trading Coach with video and podcast number 412. At the airport today And as you can see, I’m at the airport, just been for a fly here and right behind me, we’re about to get an Air New Zealand plane taking off. So, it may get a little bit noisy. I’ve just come inside the hangar. Now with results for me, that’s what pays for this. Trading results pays for this, and without trading results, I can’t make that thing fly. I couldn’t have learned to fly without trading because of time to be able to learn to fly. I certainly couldn’t put fuel in it. And that’s one of my reasons why I trade, because I love to fly. And for you, it may be different. It may be time off. It may be time with the family, whatever it is, but you’ve got to get results. That’s the important thing. Sharing comments from clients And I just want to share with you an email that came through last week from Sean, one of our clients, and he said, “Andrew, I’ve had a 8.44% gain this week, 11% for the month so far. Loving following the forum and the daily trade suggestions, helps cut out the leg work, which is good when you have limited time. Have a great weekend, Sean.” So that’s an 8.44% gain by Sean there and just shows what can be achieved. XAU/USD MN1 trade closes for 10.1:1 Reward:Risk We’ve had trades on our gold trade. Our monthly gold trade has just closed for a 10.1 reward to risk. Do you know that’s one of the very highest reward to risk trades I’ve ever had personally? Half percent risk on that equals a 5% gain on my account from that one trade that took literally about 30 seconds to place. That plane will be taking off shortly behind me here, so it’s going to get touch noisy for a second. We’ll just let that plane go. And he’s on the way now, so I can talk about more trades. Yeah. Weekly Oil trades hit profit targets We’ve had some oil trades that have done tremendously well. I don’t trade oil very often, but if you look back on your charts, back in around the middle of April, WTI West Texas and Brent crude oil, both were really, really good trades, had great profit on them. One made a 3.7 to one rewards risks. One made a 3.5. So that’s gone nicely as well. Webinar with clients and profitable trades Yesterday, I had a webinar with a client. They had a 12 hour chart trade, hit full profit on the Aussie Canadian. Yesterday, we mentioned a six hour chart trade for our clients on the pound US, which worked. We’ve had clients taking four hour charts that work. The beauty of this is, is it works regardless of the pair, regardless of the timeframe chart you are trading. We looked at the US dollar index. Again, not something we normally trade, but you look at Monday’s candle or Friday’s candle for Monday of this week on the US dollar index, it worked a treat. It works beautifully because the pattern is what works. We look for reversal patterns or we look for continuation patterns. That’s all we’re looking for. And it’s really simple to trade, really simple to see. And therefore all you need to do as a trader, is look at the timeframe chart that is showing the right setup that we’re looking for at the time. That’s all you need to do. And… Sorry, as I’m driving my… Lucky I can fly the helicopter better than I can hold this gimbal. We offer daily trade suggestions to follow But that’s what we do. We offer people daily trading suggestions, webinars, live webinars, they’re gold. They’re invaluable information, [forum site 00:03:31], et cetera, all this information to help people to see and understand and be able to take with confidence, with low risk, high reward to risk trades, these very, very simple candle patterns. And they know exactly when to enter. They know exactly where to exit. The fib levels that we use are incredibly, incredibly accurate and ensure high rewards restraints. So, that’s really what today’s session is about. It’s about the likes of Sean, that 8.44. Another client makes fantastic gains I’ve got another email here just received this morning from Rio. He has got in front of me here. I mean, I’ve printed it out. You can see the

Can I Borrow $800k from You for 3 Months? Podcast: #410: Can I Borrow $800k from You for 3 Months? In this video: 00:37 – A conversation with my bank manager yesterday 01:00 – An investor with $800k and didn’t know what to do with it 01:48 – Do traditional investments still work today? 02:09 – How is our trading going? 02:55 – Don’t forget our manual trading and webinars 03:37 – What to do with your investments? If you’ve got a spare $800,000 lying around, not sure what to do with it, can I borrow it for the next three months and give you $180 at the end of that, plus your money back? Does that sound a good deal or not? 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 411. Now, if you’re watching the video, apologies for the red eye, got an infection. If you’re listening on the podcast, lucky you. A conversation with my bank manager yesterday I want to talk about a phone call that I had with my bank manager yesterday. True story. He phoned me yesterday, we were talking about our own mortgage rates, and while in two years are coming down slightly, a little bit lower, three to five year mortgage rates in New Zealand are going up slightly. But of course he knows what I do and we were talking about trading, et cetera. And he said, “Andrew, I need to tell you this. An investor with $800k and didn’t know what to do with it I had a guy come to me a few weeks ago with $800,000, just spare change, not sure what to do with it, doesn’t know what he’s going to do to invest it in.” And he took the decision, this guy to invest it in a term deposit for the next three months, because the term deposits in New Zealand have actually gone up slightly. They’ve gone from basically nothing to not much better. So, they’ve gone up a tiny, tiny amount. The interesting thing was the bank manager said to me, he said, “In three months’ time, time this guy pays a bit of tax on his gains, his term deposit in three months on $800,000 will have made him $180. Do traditional investments still work today? That is all.” It just goes to show that traditional ways of thinking and investing are not really in today’s environment doing anybody any favours because let’s face it. If you had 800 grand to go and invest somewhere, and you’re going to get $180 back in three months, that’s going backwards in time the time you add inflation and everything else into it. How is our trading going? He asked me how my trading was going and I said to him that with our pattern trader software, we’ve got clients right now, we’ve got two on the top leaderboard that are over 75% this year on live accounts. 75% with small draw downs as well. I also told them about our echo trade copier, which I run on my own pattern trader bots and echo trade copier means that you can copy my live account completely automatically. Right now it’s up 24.5% and it started at the end of February, which is what? 10 weeks ago. So, 24.5%, draw down of 5%. So that’s what we’re doing. Don’t forget our manual trading and webinars Of course, then we’ve got our manual trading going on as well. Just last night, Paul, over in the US held a live webinar and there was a lady on there, Rose, who took three trades on the two hour charts. One got stopped out, the other two made profit. Just people are making profit all the time. We’ve got some great monthly chart trades going on, gold heading up, and we’ve got a couple on oil, WTI and Brend oil on the weekly charts that are moving up almost at the profit target. We’ve had 12 hour chart trace it profit, we’ve just got trades going all over the place on our manual trading that are going extremely well. People are making some great returns. Then we’ve got the automated trading as well. What to do with your investments? So, when you think about the traditional ways of investing and let’s face it, who has $800,000 set there, they’re just not sure what to do with, and it’s going to accept in three months time you’re going to get $180 back from the bank? Wow, that’s so exciting, is it not? The way that people now have to start thinking about their investments is just changing. That’s why the Forex market just offers so many tremendous opportunities to just have low risk, low draw down, but much, much higher gains. Of course, you’ve got to know what you’re doing, or you’ve got to find someone that knows what you’re doing and we can help you on both of those, of course. We’ve just celebrated our 12th birthday last year, sorry, our 12th birthday last week, 12 years of helping clients all around the world. We love doing what we’re doing, we love helping people, we love seeing the success of people. If you’d like to know more, j

12 Years of Helping Traders, Will You be Next? Podcast: #410: 12 Years of Helping Traders, Will You be Next? In this video: 00:38 – Trading is not easy 01:10 – We celebrate 12 years of helping traders worldwide 02:06 – Trader makes 6% gain in 2 weeks since joining us 03:18 – The strategy has not changed since the beginning 04:45 – How does this help you? 05:45 – After the first 12 months 07:10 – Trade in 30 minutes per day We’ve been helping traders just like yourself for the last 12 years now. Let’s see how we can help you to become a profitable and successful and independent Forex trader. Listen up, we’ve got some great news to share with you. Hey, traders, it’s Andrew Mitchem here, the owner of the Forex Trading Coach, with video and podcast number 410. Back outside again today. I’m getting lots of nice comments from people saying they’re enjoying the outside video. So here we are again by the pool today. Trading is not easy Now, trading is not easy. It’s something that’s made out to be easy, but the reality is it’s not easy. The reality is though that anybody can do it. And I’m living proof of that, having been a dairy farmer years ago. And I’m self-taught. I have no financial background in the markets at all. Completely self-taught. But for the last 16, 17 years now, I’ve been trading the Forex market. We celebrate 12 years of helping traders worldwide And on Thursday, the 13th of May, we celebrate 12 years since I flew across to Australia to Noosa and taught my first ever client over there. We’re still in touch, still in contact, and he’s still trading. And after 12 years, we’re really proud to say that we have helped so many people around the world. We’ve got over 3,000 coaching clients who have been through the course in over 94 countries. That’s quite an amazing record that we’ve built up there of helping people. As mentioned, the Forex market is not easy to trade. It really is not easy to trade. It looks easy. People will tell you it’s easy. The internet will tell you it’s easy. The reality is very different, and that’s why 90 to 95% of the people lose money. Trader makes 6% gain in 2 weeks since joining us But I’d like to share with you an email here, and it’s from a client who … We were on our last live webinar last night. I held a two-hour live European session webinar. The client’s called Henry. He’s been with us only two weeks. And he said to me, “Hey, Andrew, I’ve made 6% since joining you two weeks ago.” He said, “For the first time ever, I’m starting to understand what I’m doing, and I’m doing what I’m doing for a reason. And it’s working.” Now, sure, it’s only two weeks in, but here’s a guy that’s been trading for quite a while. Like many of you, he was just literally tearing his hair out. Didn’t know what to do next. And he found us and he’s been on a few webinars now. He’s been following our trades, he’s on our forum site. And in only two weeks, he’s now made, since beginning, since starting with us, 6%. It’s a fantastic start and it just shows what can be achieved once you know you’re doing, once you have a clear understanding of what you’re doing, and you have some support and a system and a strategy that actually works. The strategy has not changed since the beginning When you think about it, the strategy has not changed at all in that time. In all those years, it’s not changed. Sure, the way that we deliver things has changed, it’s improved. Like everything, it evolves, it gets better and better over time. But the strategy, the main thing that you are getting when you join us here, the actual nuts and bolts of this is what we are doing and why, the understanding of that has not changed. Just stop for a pause for a second and think about that. So many people chop and change systems all the time. They’re constantly adding things. They are adding a next indicator. They’re moving on to another system. They’re suddenly fundamental news traders. Then they’re not. Then they’re doing a bit of both. Then they’re not. And that’s the problem. Yet what we have to teach you and to help you with has never changed. And it still works. And it’s been through all sorts of different market conditions. It’s been through different economical, political events all around the world, global issues, COVIDs, everything. All these things that get thrown at us by the market, and it continues to work. It’s the person who put that together I’m immensely proud of. I’m just so pleased with the team that we have on board and the group of people that we have as a community that are just doing really well for themselves. It’s fantastic to see. How does

My Aims & Goals as a Forex Trader Podcast: #409 My Aims & Goals as a Forex Trader In this video: 00:26 – Matt asked about my trading journey and goals 01:29 – Went to Auckland to take a Forex Course 02:05 – Anyone can become a trader if you really want to 03:03 – I developed a strategy and system that works for me 03:38 – Daily trades have been profitable every year 04:33 – Our team at TFTC 05:22 – Going forward from today 07:00 – TFTC Pattern Trader continues to achieve great results 08:55 – Ask me questions and register for our 12th Birthday Sale Let me show you my aims and goals as a Forex trader over the next five to 10 years. And hopefully it might help you with your own goals. Let’s get into it right now. Hey, Forex traders, it is Andrew Mitchem here at the Forex Trading Coach with the video and podcast number 409. Matt asked about my trading journey and goals Now on last week’s video, I got asked by a trader called Matt on YouTube, to explain about my trading journey to date, and also to explain a little bit about my own personal trading goals over the next five to 10 years. So, I started trading completely by accident around nearly 17 years ago. At the time I was a dairy farmer and I was milking cows, working seven days a week and ended up going through a divorce. And at the time had a two year old son. And to be honest, I didn’t really know what I was going to do in order to look after him, have an income. And so I stumbled into trading completely by accident after hearing an ad on the radio all those years ago. And it kind of evolved from there to be honest. It wasn’t a deliberate move. It really was an accidental move, but as someone who’d always been, I suppose, self-employed, motivated, to me, it seemed like a really, really good thing to do. Went to Auckland to take a Forex Course So I went along up to Auckland, paid about $5,000 back then, which was a lot of money and did a course up there in Auckland. And the course, it was okay. But it got me into trading, and so here we are 17 years later and we’ve developed the Forex Trading Coach. We developed Pattern Trader. We’ve now got a new Echo Trade Copier, and things have changed massively and for the better. And I’ve got Forex trading, a lot of hard work, a lot of dedication, a lot of fails and some gains, to thank for that. Anyone can become a trader if you really want to And so Matt, thank you for your question because I think the important part out of this is that anybody can become a trader if you really want to. Now, realistically, it took me four years of trial and error, basically getting nowhere fast, of trying every single service, every PDF it was back then, that you could download every indicator, every expert advisor, every everything, basically, every forum I’d been on, and it just went round and round and round in circles. Anyway, so after four years, I thought, Andrew, you need to fix this. You need to make this work or you need to find a new hobby. And so I took everything off my charts and I made it work. I developed a system, a strategy that worked for me, and also one that didn’t require me sitting at the computer all day and night. And that was the other thing, there’s so many strategies out there with scalping and things that all look really, really cool. But really they’re not long-term, practical and enjoyable. I developed a strategy and system that works for me So, I developed a strategy and system that works for me, and I’ve been now teaching that strategy and trading it myself. I’ve been teaching it for 12 years now at the Forex Trading Coach. We’re just about to celebrate our 12th birthday as well. And I’ll put details about that on this video and podcast for you. But over those years, we’ve helped so many people and my own trading has gone extremely well. The trading for the vast majority of our clients has gone extremely well. And we’re really proud, what we’ve developed over those years. Daily trades have been profitable every year As an example, for our daily chart trades that we post, and I’ve posted them on our membership site now for over 10 years, we’re into our 11th year of that, we’ve never had a losing year. They’ve been profitable every single year. We’ve developed charts such as offline charts, we call them, for six hour charts, eight hour charts, 12 hour charts. It means we can look at the charts two, three, sometimes four times a day and trade full time and do other things, rather than just sitting, watching the charts and the computer all day, because that’s what you realistically need to do. One, if you’re starting and you’ve got other work, you’ve got jobs, you’ve got careers, you’ve got family, you’ve got hobbies. And two, when you decide or get to that stage where you can become a full-time trader, you want i

I Love Following Your Daily Trades Podcast: #408: I Love Following Your Daily Trades In this video: 00:29 – Client loves the course and the ability to learn and earn 00:55 – The problem almost everyone else faces 02:19 – This is why we are different 03:07 – Our Daily chart trade suggestions 04:24 – This gives you confidence 06:05 – If you haven’t joined us yet 06:43 – Have any topics for future videos and podcasts? “I love following your daily trades as it is allowing me to learn, but also to earn.” If you’d like to do that also, listen up. I’ve got some great news to share with you. Hey traders, it’s Andrew Mitchem here, the owner of The Forex Trading Coach with video and podcast number 408. Client loves the course and the ability to learn and earn Now, that comment was from a client of ours called Jonathan, who’s been with us for just over six months now. Jonathan sent me an email saying, “Look, I’m just loving the course, but what I love about it the most is being able to follow your daily trades because not only as I’m learning the course, I’m following along in real time what you’re doing and why you’re doing it, but your daily chart trades are making me money, and that’s given me so much confidence.” The problem almost everyone else faces When you think about the problem of most people out there in the Forex world, whether you start a new course or a strategy or a follow along on a forum, whatever it might be, you’ll develop your own strategy, the problem is… Or there are many problems. The problem could be this, and you’re going to find one of them. You’re going to find that you’ve got no support. You don’t really know what you’re doing. You’re not really sure who to ask if there’s a question you have about the strategy or the concept. You’re doing it alone. You’re sat there taking the trade and you’re doubting yourself. You’re questioning whether this is the right trade to even take. Who do you ask? Who do you follow? What almost always happens is that you’ll end up with some doubt, some trades that get stopped out, you start losing money, you start losing confidence. Then you give up with that strategy or that system altogether, and you go out there and repeat the whole process again, looking for the next holy grail system, the next crystal ball of farts results and the strategy that’s going to fix all your problems. This is the one that’s going to solve everything. Guess what, the whole cycle happens again. Eventually you just give up trading and you blame the market, you blame the broker, blame the strategy, blame everything, but the real issue is that you had no support or no strategy in the first place. This is why we are different That’s what we do differently. That’s why after nearly 12 years… By the way, we’re celebrating our 12th birthday in May. We’ve helped over 3,000 clients and traders from 94 countries over those last 12 years. So it’s something we’re immensely proud of. But what makes it different are many things. We have the course, the strategy that works and continues to work and always has done on different timeframes, various payers, all sorts of things like that. The strategy is massively important. We have email support, lifetime support. We have trading software. We have our incredibly valuable forum site and live chat. We have our live weekly videos and webinars that we trade live in front of our clients and have Q&A sessions, et cetera. All of that is immensely important. Our Daily chart trade suggestions But the part that Jonathan picked up on that I like to talk about now is our daily trade suggestions. They get posted each day at the close of the daily candle. Just after 5:00 PM, New York time of day, we post specific trades based off the daily charts. At the beginning of each month, we talk about the monthly charts. Beginning of each week, we talk about the weekly charts. We post strength and weaknesses as well on each week and each day. But every day, you have trades that you can follow based off the daily charts. It doesn’t matter where you live in the world. You can place those trades. We’ve got clients in 94 countries. No one has an issue placing the trades. So don’t worry that I’m in New Zealand and you might be in America or Europe or different time zones. It doesn’t matter. The beauty of this is that you can see the trades that we’re taking, learn from them because we put the exact reasons why we’re taking the trade. You can look at that in real time. We put the exact entry and exit levels, which we teach in the course, but you again can go and follow and learn from those. But you can earn from those trades as well. Because every single year, since I started posting our daily trades back in 2010, 12 y

Trading the FX Market Hands Free Podcast: #407: Trading the FX Market Hands Free In this video: 00:25 – Following on from TFTC Pattern Trader 00:49 – Introducing Echo Trade Copier 01:48 – No VPS, no software, and turn your computer off 02:22 – Excellent results in 2 months 03:35 – All results are 3rd party verified by MyFXBook 04:17 – Contact me if you have a topic you’d like me to talk about Would you like to know about a way that produces results and allows you to trade the Forex market 100% hands-free? If you would, listen up. Hey, Forex traders. It’s Andrew Mitchem here at the Forex Trading Coach with video and podcast number 407. Following on from TFTC Pattern Trader Now, following on from last week’s video and podcast I made about our amazing trading bot software called TFTC Patent Trader, I’ve had a number of people say to me, “Hey, Andrew, look, I’d love to get the results and the returns that you get from trading the Forex market, but I just don’t have the time or don’t have the interest to really want to know how to trade. What is it that you can do to help us?” And so I have the perfect solution for you. Introducing Echo Trade Copier And it’s our trade copier software called Echo Trade Copier. Now, what that allows you to do is to have your trading account in your own name, and it’s completely independent of us. It’s your trading account with your broker of choice, have that account traded and mirror my own account that I use through Patent Trader. Now, it’s an excellent way to allow you to gain some very, very high returns, but it also means that you don’t have to do anything at all. It literally is a five setup process through independent third party software that basically links your account to mirror the trades that I take on my account. Now, you can still jump in and intervene and close trades or risk more or risk less, if you really want to, or we can just leave it alone to have it mirrored 100% the same as my own account. No VPS, no software, and turn your computer off Now, for that, it means that you don’t need your computer on. You don’t need any virtual server. You don’t need any extra software. You don’t need anything at all. No expert advisors. You don’t need anything. All you do is just link the two accounts. It really is a simple process. All that included in that cost of the integration, it’s just $84 U.S. per month. And most virtual server companies charge $30 to $40 a month. That’s included in that fee. And so we pay that for you as part of the $84 a month, and that just means that you then have everything copied across to your account. Excellent results in 2 months Now, this has been running for just two months, so it’s fairly new, but the results are outstanding. So far, in the two months, we are at plus 22.5% in gain, with only a 5.8% drawdown. Now, it’s really important that you understand that drawdown as well. It’s all well and good having a 22.5% gain, but the trouble is so many people risk far too much and they have massive drawdowns, and they might have a 30%, 40% drawdown to gain the 20% profit. So the reality is, that’s pretty tough to go through. What we find really important with our way of trading is our drawdowns are kept to a minimum. So right now 5.8% is the maximum drawdown you would have been if you had decided to join on the absolute worst day. And let’s say you had a $10,000 account, your account would be down by $580, the absolute worst day over the last two months. But if you had started at the beginning and you started with $10,000, you’d have been up, what’s that, $2,250 so far in two months, 22.5% gain in just two months. Great returns, very small drawdowns and risk. All results are 3rd party verified by MyFXBook It’s also completely verified by Myfxbook, so it’s 100% a third party verified trading results as well. And so really there’s not a lot better you can get than that when you look at those results so far averaging a 10% gain per month. So have a look into it if you’d like to have your account mirrored on our account that we run on our pattern trader software. Just $84 U.S. a month is a great way to make some fantastic returns. It’s called echotradecopier.com. I’ll put a link on here on this video and podcast for you to go and check it out. Thanks for listening. Thanks for watching. Contact me if you have a topic you’d like me to talk about If you have any other trading questions or you’d like any other information that I can help you progress further with your trading, just send me an email to [email protected]. And I’ll see this time next week. Bye for now. Episode Title: #407: Trading the FX Market Hands Free Learn More About My Course. Click Here! If you have been trading for less than 6 months, click here If you have been

How to Create Profitable Forex Robots in 2 minutes Podcast: #406: How to Create Profitable Forex Robots in 2 minutes In this video: 00:29 – Creating bots in under 2 minutes 00:45 – TFTC Pattern Trader software 01:15 – My results for March 01:49 – How it works 02:28 – Leader board displaying the top 20 bots 03:22 – Signals arrive via Telegram 04:39 – Sign up for a 10 day trial 05:00 – Back test software and direct MT4 integration 05:38 – View the site for yourself https://tftcpatterntrader.com/ Would you like to know how to create profitable forex trading robots in just two minutes? If you would, listen up, I’ve got some fantastic news to share with you. Hey traders, it’s Andrew Mitchem here at the Forex Trading Coach with video and podcast number 406. Creating bots in under 2 minutes And that’s right, you can now create profitable, real forex trading robots in under two minutes. Sounds a little bit far-fetched, doesn’t it? But honestly, it is true. And we have created some software called TFTC Pattern Trader. TFTC Pattern Trader software It’s software that we’ve been using now for almost one year. And up until now, pretty much everybody using it has been our forex coaching clients. But we are now in a position where we are able to offer this incredible trading software to the general public. So you don’t need to be a Forex Trading Coach client in order to start to use this now, to benefit from it. My results for March So just some quick numbers, March completed with my bots that I am using myself a 14% gain on my live account. Pretty much hands free. This month, so far April and bear in mind most of it’s been closed because of Easter and I closed off the bots just prior to Easter, just after Easter. So far right now, as I’m recording this on Friday, the 9th, I am up 4.5% on my trades. Again, pretty much hands free. How it works So the software quick description, first of all, it only uses my trading strategy. But you have the ability to create your own bots and you can literally create them by ticking a few boxes and then checking them for backtesting in under two minutes. It this quite incredible, like nothing else you would have seen. And the other thing you can do is you can use some of our ready-made bots. You can use the exact same bot that I use myself, and I’ve made that 14% in March and currently up 4.5% so far in April, you can use exactly the same one. You can look at it, you can tweak it, you can add to it, you can do whatever it is you like. Leader board displaying the top 20 bots The other thing that we have is a leaderboard and the leaderboard displays our top 20 clients bots that they have created. And on the top 20, the lowest number 20 has had an actual return of almost 15, one fiver percent so far to date. The highest one so far has made 85%. Now, these are since their inception, they’re not annual returns. The annual returns are likely to be significantly higher. The other important thing to notice though, of course, it’s all well and good having great results. But the important thing to note is the drawdowns. And the drawdowns on almost all of the bots on the top 20 there are extremely low, most of them 5% and under. Yet they’re getting results of 15% up to 85%. So you can also follow along with those as well, if you wish to. Signals arrive via Telegram And we use a great piece of software, which you’ve probably heard of called Telegram. And what happens is when the bot creates a signal, it goes through to your Telegram on your phone or your computer. You can look at it and you can see the trade and you literally press yes or no, and it will place the trade on your account for you. To take that one step further, we have the ability to completely automate the trading process as well. So the trades can be placed onto your account 100% automatically. And so there are various options there, depending on which level of the service you prefer to take. Now, even on the 100% automatic service, which is the one I use myself, I still manually look at trades and from time to time close part of trades or even close them in full, just depending on what the trade looks like itself. But really, it really is about sort of, for me, 95% of the time it’s completely automated. And so the bots give you the ability to create your own bots with your own money management rules on pairs that you like to trade. And you can go through and fine tune those by eliminating certain pairs or timeframes or creating a group of bots to put together to make a portfolio. It really is a very simple process to do. Sign up for a 10 day trial And on our site, we are giving you access to the basic level of the software for 10 days, free of charge. After that, you can decide if you like the software and to be honest with results like we’re getting, you’d be crazy not to, but that’s your call. But if you’d like to then

How Much to Risk per Trade and How to Calculate that Risk? Podcast: #405: How Much to Risk per Trade and How to Calculate that Risk? In this video: 00:29 – Email from a podcast listener 00:59 – How do you calculate your risk amount 01:20 – Download my MT4/MT5 Lot Size Calculator 01:55 – The logic behind lot sizing</span 02:38 – Lot size examples 04:58 – How to use the Lot Size Calculator trading script 05:27 – Know the stop loss size of your trade to calculate your lot size needed 06:29 – Email me any topics you’d like me to discuss on future videos and podcasts How much should you risk per trade? And also how do you calculate that risk? Let’s talk about that and more right now. Hi Forex traders, it is Andrew Mitchem here at The Forex Trading Coach with video and podcast number 405. Email from a podcast listener I’ve received an email this week from a trader called Diop, and Diop by the way you said you’ve started listening to all my podcasts and you’re currently up to number 202. You’re about half way; this is number 405. So well done for listening through to those. You said you’re really enjoying them and you understand the concept of… You said you’ve been looking online and you should risk somewhere between 1-5% of your account per trade. You also know that in my case I suggest that’s still way too high, and you should actually be half of that. You should actually be half of 1% risk per trade. How do you calculate your risk amount But your question is how do you calculate that and what do you do with your trading in order to make that happen? And to ensure that you have controlled risk but also some of those bigger stop-loss trades aren’t going to wipe out your gains. I can see where you’re coming from, but also I think there’s a slight misunderstanding there. Download my MT4/MT5 Lot Size Calculator I’ve given you the very quick answer, the quick answer is to download my lot size calculator. It works on MT4 and MT5 and I will put a link on this video and podcast post so you can get a free copy. Of course, that applies to anybody who would like a free copy of that. It’s really, really easy and it takes you about five seconds to do. All you do with it is you drag it onto your chart, you put the stop-loss of the trade that you’re wishing to take, literally just type it in and press okay and it will tell you the lot size that you need for that trade. The logic behind lot sizing So the thing that you need to understand from a manual point of view, to understand the workings behind that, is that you have to understand that different currency pairs pay a different amount per pip depending on what the currency pair is and also what your own account denomination is. So Diop I notice you’re talking about your account being in pounds. So your account in British Pounds, let’s say with £100.00 would obviously be very, very different to my account with $100.00 New Zealand Dollars, or someone with $100.00 US Dollars. So it’s the account denomination that is affected plus it’s each individual currency pair that has different amounts per pip. Lot size examples But, for the sake of this, let’s say very easy round numbers. Let’s say we have a US Dollar account and we’re trading the Pound/US or the Euro/US. Notice that the US is second there in each of those currencies. If you’re trading one standard lot, that’s 1.0 lots, that pays $10.00 per pip. If you are trading a mini lot, that is 0.1 lots, that pays $1.00 per pip. If you are trading a micro lot, that is 0.01 lots, that pays $0.10 per pip. Now let’s say for example, and again ease of numbers, so let’s say you have a $10,000.00 account. If you have that $10,000.00 account it means if you’re risking half of 1% on your trade it means you are risking $50.00 on that trade. So $50.00 per trade. It doesn’t matter what the stop-loss is, what the timeframe is. Let’s say it’s $50.00 per trade you are risking, because that is half of 1% of your account, which is $10,000.00. Okay? So let’s say you were doing that. If you have a 50 pip stop-loss, again for ease of numbers ease of calculation, you’re risking $50.00 you have a 50 pip stop-loss. Therefore, you need to trade at 1.0 lots. One mini lot on that particular trade. Because it means you’re risking $1.00 per pip. 50 pips goes the wrong way, it means you’ve lost $50.00 and therefore that means you’ve lost the pre-known amount on your account, which is half of 1%. So let’s now use the example of a trade with a 100 pip stop-loss. Therefore, you need to risk half of the previous lot size because you’ve gone from a 50 pip stop-loss to a 100 pip stop-loss. Therefore, instead of risking 0.1 lots per trade, if you trade now has a 100 pip stop-loss, you need to risk 0.05 pips per trade. Five micro lots. Therefore,

Thinking of Giving Up Trading? Podcast: #404: Thinking of Giving Up Trading? In this video: 00:27 – Adolfo, a trader from Mexico 01:15 – He could see the benefits of trading 01:55 – Ready to give up? 02:15 – Adolfo found my weekly videos and podcasts 03:20 – You were different 03:43 – Our 3000th coaching client This trader nearly quit the Forex world a couple of years ago, is now back into it and loving it. If you’re in that position where you’re thinking about giving up this video’s for you, let’s get into it. Hey traders, this is Andrew Mitchem here at the Forex Trading Coach with video and podcast number 404. Adolfo, a trader from Mexico I want to talk about a client of ours called Adolfo. Adolfo’s from Mexico. Now he got to a stage a couple of years ago where he quit trading. And, he’s only just got back into it but I want to give you a bit of a background about him first, because a lot of people would be in this very similar position. Now last week I sent out an email with the video that I had with Adolfo and I put a link on this video and podcast as well, so you can go and watch that if you’ve not already seen it, but the reason I want to talk about it again is because I’ve had so much feedback from people saying, look I’m in that position. I’ve tried things, I’ve seen the merit in trading, I’ve seen the potential and Adolfo is exactly the same as you, if you’re thinking this right now. He could see the benefits of trading He could see the merit of trading, he could see the benefits of trading, he could see it as a way of building his wealth. But he’d been to a trading school over in Mexico and it basically taught him nothing. He said he actually came out of it with more questions than answers. He just did not get what he wanted, he didn’t get a strategy, he didn’t get any common sense out of any mentors or tutors. And it just didn’t feel that it was worth it, and he got disillusioned. And he’d spent a lot of money and committed a lot of time and it just wasn’t working. So is that that stage, where he’s, just ready to give up, just wasn’t working. Ready to give up? And if you’re in that position, you can relate to it. And we’ve all been there, I’ve been there as well, took me four years to really turn my trading around. And that’s a long, long time. It’s easy to say, Oh it just took me four years. But when you are in that situation, when you’re in the middle of that, it is tough. And I’m sure that you can relate to that. Adolfo found my weekly videos and podcasts So, a few weeks ago, back on the 11th of February, just five weeks ago. Adolfo found my video and podcast, exactly like you’re watching or listening to right now. He wrote to me, and he said, look I’m needing some help, I’ve been trying this, given up a couple of years ago, did this expense of school, wasn’t working, what can you do to help? And so Adolfo went on to one of my free webinars for the whole each week, and he saw what we did and saw that we’re real people and real traders, and we’ve been doing this for nearly 12 years, and all the things that I talk about all the time, about a practical, real approach to trading and plus with the help and webinars and forums, et cetera, that we help our clients with all those different ways of trading. But it was the actual, real working, practical, approach to trading that Adolfo liked. So he jumped on board with us and you can see the video, I’ll put a link on here, so you can go and watch it. You were different Now Adolfo said, and I’m going to quote what he said. He said, “Thank you for your honesty. There are lots of schools, there are lots of people coaching, but Forex to me just didn’t sound fair until I met you. I needed someone with real life trading knowledge and teaching experience.” And, that’s what he’s got. And that’s the difference I suppose, in many ways of how we can help people. Our 3000th coaching client Now, it Adolfo was actually not only lucky that he jumped on board and found us, but he was actually our 3000th coaching client. And so, you may recall a few weeks ago, I was holding a bit of a sort of offer, a bit of a promotion and the 3000th clients who joined us, and of course, no one knew who was going to get that, had the course completely for free. And that was Adolfo. So Adolfo not only he joined, but he then… and he’s really pleased with what he got. But then a week later we said, hey, you’re our 3000th client, here’s a full refund. So that was pretty cool. So I’m going to be carrying on interviewing Adolfo over the coming weeks, coming months, coming years. And I’ll be updating and posting videos like this, giving you feedback from him and showing you how he’s progressing and how

How to Profit as a New Trader with a Small Account Podcast: #403: How to Profit as a New Trader with a Small Account In this video: 00:24 – Email from a guy who is looking at starting trading 01:05 – Joining a group of like-minded successful people 01:59 – Real examples from this week 03:12 – Profit from other traders 04:22 – Client mentions trade live on the webinar 05:00 – Learn the “How To” by following other traders 07:03 – Walk before you can run 07:17 – Our 12th birthday is in May How can you profit in the Forex market if you’re starting with a smaller account and you’re starting out as a new trader? 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 403. Email from a guy who is looking at starting trading Now, this week I’ve received an email from a guy over in the U.K. who’s actually in the army, and he’s saying, “Look, I’m looking at leaving, but I want to ensure that when I start trading, I’m actually going to make some money. How do I do that? I’m new to this, I don’t know anything about it, and my concern is that when I start trading, because I’m new and I don’t know what I’m doing, I’m going to lose money and I’m going to lose confidence, give up, and it’s just not going to work. So can you give me some suggestions?” And I went back to him and I said, “Look, there is nothing more powerful than being involved with a group of successful people. It doesn’t matter what you want to do. Joining a group of like-minded successful people If you’re into sports, you’re going to learn how to be good at that sport, let’s say, from sports groups and mentors, tutors, coaches. If you want to do good things in music, you go and join a band and you learn how to play as a group, that type of thing.” And I said to him, “Look, to be honest, trading is no different. Yes, you can do it alone. Yes, you can find things online and you may or you may not eventually make it work for you. But the problem is, is that eventually question is the problem, and what can you do to ensure that?” Obviously, this guy’s in the army, he’s a team guy, he works hard as a group, et cetera. And I said, “Look, all you have to do is exactly the same as that, but find someone like that in trading.” Real examples from this week And I want to give you some real examples from this week. These are real actual trades that we’ve taken, because I said to him, “Look, just look at this week as an example.” I said, “Well, February just gone, we had 6.2% on our daily trades, so you could have followed along with that.” Because my point to him was actually about why not follow good traders and profitable people so that you’re growing your account while you’re learning, rather than just throwing money away on just random trades and losing trades? So from this week, we’ve had a trade on the weekly charts that closed out with a 4.2 to one reward to risk on the Australian-Canadian dollar. It’s actually from the previous week, but it closed this week 4.2 to one. So risking half of 1% on that trade, 2.1% gain on your account. How’s that for confidence, just one trade? On our forum site this week, we’ve had trades posted on the 12 hour, the eight hour, the six hour, the four hour, the two hour, the one hour, 30 minute charts, all profitable trades for people to follow along with. We’ve had daily trades that have gone well. Our breakout’s gone well. We’ve had a trade yesterday. This was an interesting one and a prime example. Profit from other traders As I was putting together my weekly live webinars for clients yesterday, yesterday afternoon, my time, up popped a post on our forum site saying, “Canadian yen, buy trade six hour charts.” One of our clients popped it on there and said, “Look, this is looking really good. When the candle closes in 10 minutes, this is looking good.” I was preparing the webinar. I went to look at the Canadian yen, and I wrote back to him and I said, “Look, this trade looks fantastic. I’m taking it.” And so I took it, posted it on the forum, put the screenshot on there. People could follow along because they get notified of posts like that. And the trade has hit full profit, and on that Canadian yen trade, I made a 3.1 reward to risk. So half percent risk, again, just over another 1.5% account gain. Our daily trades closed just 10 minutes before I made this video, Friday morning here in New Zealand. 2.9 to one reward to risk. Again, pretty much a 1.45% account gain. That was posted on our membership site earlier this week. Client mentions trade live on the webinar On that live webinar last night my time, Hayden, a client of ours, mentioned tow

Your Investment Options are Limited Podcast: #402: Your Investment Options are Limited In this video: 00:35 – Very low returns make headlines 01:37 – UK bank pays me 0.1% interest rate 02:02 – February Daily trades make +6.2% in February 03:15 – Options available if you don’t want to trade yourself 03:40 – TFTC Pattern Trader makes +7.2% gain for the week 04:44 – Forex Insiders March webinar: The Power of Divergence 05:59 – Future proof your own finances Our daily trading suggestions made a 6.2% account gain just in the month of February. Would you like to know how we did that? And would you like to gain results like that for yourself? If you would, listen up I’ve got some great news for you. Hey traders, Andrew Mitchem here at the Forex Trading Coach with video and podcast number 402. As you can see a beautiful day here, and so I figured we’ll come outside and make the video today in the sun. Very low returns make headlines Now, a really interesting news story here in New Zealand just this week, and it actually made quite a lot of headlines and it was about a bank who have decided to increase their term deposit rates to a massive 1.7%. Now it was huge news in terms of that was a substantially bigger figure than almost everybody else has, and it made me think about what options do people have when it comes to investing. Now obviously property worldwide seems to be going absolutely gangbusters and that’s fantastic. But when it comes to actually cashflow, there’s still a big problem with most investments. Now, for this bank to advertise a 1.7% return per year and to make big news out of it, you can tell how poor almost all other investments are. UK bank pays me 0.1% interest rate Now I still have a bank account over in the UK that I had when I was a kid, and it’s still there from when we could go over there on holiday pre-COVID. That’s paying me over in the UK a 0.1% interest gain. So pretty pathetic. And it just made me think about what else do we have as options? February Daily trades make +6.2% in February So as traders, we obviously have a massive advantage when it comes to potential gains. Now I tallied up our results from just our daily chart trades, so this is just on our membership site trades posted to clients on our membership site each day. We had a 6.2% account gain by taking just a half percent risk per trade. So very, very low risk. Something that takes five minutes a day, and all you need to do is follow along with what we’re suggesting anyway. That’s complete set and forget as well, by the way, close at the end of the week but no management. With some very simply trade management clients did a lot better than that. But even as a set and forget, that was a 6.2% gain just in the month of February. Just one timeframe as well, don’t forget. We also post other timeframe charts on our daily trading suggestions like monthly and weekly, 12 hourly etc. We post trades on our forum site and we post that several times a day, so do other clients. We take trades live on our webinars. Plus all the other trades that clients could take themselves. So you can just see the enormous potential there from trading the Forex market but once you know what you’re doing. Options available if you don’t want to trade yourself Now, for some people they may not be interested in knowing how to do it, but we’ve got you covered as well. If you really don’t have the time or the will to want to know how to trade for yourselves, we’ve got a couple of options for you. One is called Echo Trade Copier, and that’s a complete set and forget, do absolutely nothing, get your account mirrored on our master account. That’s a really good option for people. TFTC Pattern Trader makes +7.2% gain for the week The other is our amazing trading software called Pattern Trader, TFTC Pattern Trader. Now, the Pattern Trader allows you to create trading robots based on my own strategy. The results of that have just been absolutely tremendous. Just this week, and I’m recording this on Friday so I’ve still got another whole day to go, but just this week my live account on my Pattern Trader account is up 7.2%. Now will it make 7.2% every week? Of course it won’t. But this week it’s up 7.2% and I’ve done absolutely nothing with that, that’s completely hands-free apart from one trade I decided to manually close. But almost no manual ongoing input. Once you’ve got your bots created, and by the way it’s a simply process that takes you maybe five minutes, we have our own bots on there for people to look at and follow and use if they want to as well. But 7.2% just this week in four days. Again very, very low and controlled risk and draw down, which is absolutely crucial to trading. Forex Insiders March webinar: The Power of Divergence One other thing to tell you about, in March… So next week on the 10th of March, which

So You Want to be a Scalper? Podcast: #401: So You Want to be a Scalper? In this video: 00:23 – Is scalping a good idea or not? 00:58 – Can we help you? 01:14 – Some real trade examples 03:11 – You need a good strategy to scalp 04:35 – Send me an email to receive more details 04:57 – Feel free to share this video and podcast So you want to be a scalper. Is that a good idea, and can we help? Hey traders, Andrew Mitchem here at the Forex Trading Coach with video and podcast number 401. Is scalping a good idea or not? Now you want to be a scalper. Is that a good idea? Well, it depends on what type of person you are, and if you’d like looking at your charts either at a certain time each day, when you know, there’s likely to be more price activity such as the European session, or maybe the US session. But also you need to be the sort of person that’s willing to do that regularly. And you’ve got to be the sort of person that’s willing to be a little bit more active on your charts. So is it a good idea? Well, it depends on you as a person, but it also depends on your strategy as in, does it work? Can we help you? And the other question is, can we help? Well, yes, absolutely we can help, because my strategy which I’ve been trading now for the last 14 years, works on all currency pairs and all timeframe charts. Some real trade examples Now to give you a perfect couple of examples, just yesterday, I held my client’s weekly live two hour trading room webinar. And on that webinar, we actually took two short timeframe charts. We took a trade on the 30 minute chart on the Australian Canadian dollar, and we took a trade on the Aussie Yen on the 15 minute chart. So both kind of scalping trades. They may not be like one minute charts or five minute charts, which are real scalping, but they are very short timeframe being a 15 and 30 minute chart. So pretty much what you would classify as scalping. And they were both profitable trades. We took them live, on the session, in front of my clients. The first one, the Aussie Canadian, the 30 minute chart trade, just happened to have a 10 bit stop loss, had an 18 pip profit target. Therefore it made a 1.8 to one reward to risk. Risk half of 1% of your account on that trade. Make a 0.9% almost a 1% gain. It did that in two hours. The other trade that we took was on the 15 minute timeframe on the Aussie Yen. That had a 13 pip stop loss, a 28 pip profit target. And that made a 2.1 to one reward to risk or 1.05% gain. Two trades together, half percent risk on each. So therefore total of only 1% of my account with risk on those two trades yet I made a positive plus 1.95% account gain. So almost a 2% gain just on two trades, live in front of my clients, for everybody to take, everybody to see. And 2% from one night, two trades took me what, five minutes total, just look through all the charts, see them, take them. 2% account gain. Not bad is it? Especially when you consider that’s way more than the bank’s going to pay me in 12 months. You need a good strategy to scalp So can we help you? Absolutely. Certainly we can because the strategy, as I’ve mentioned works across all timeframe charts. You still need to have everything setting up in your favour. The probability, what we’re looking for in terms of candle patterns, bounces round numbers, divergence, all those types of things that we teach, we trade and we look for. And then you have to of course have the strategy and that knowledge to be able to take that trade, all those trades at the exact right time. So can we help? Absolutely. We also have on our forum site, a section dedicated to one hour charts and another section dedicated to 30 minute charts and lower. So we have people who like to scalp and like to trade those shorter timeframe charts with a dedicated section as well. So is it a good thing to do? Well, that’s for you to decide on what suits you. Can we help? Absolutely. Because we can trade those. We do from time to time, trade those shorter timeframe charts, especially on our live webinars and people posting on our forum site and it works. So as you can see from those two trades, a 1.95% account gain on two, very easy to take trades, taken live, just last night, on my live webinar, with clients, 2% gain. What more do you want really? It can be done. It’s very straightforward to be done once you know what you’re doing. Send me an email to receive more details So if you’d like more details, just send me an email, [email protected]. If you’ve not been on to one of my free weekly webinars that we hold, one for new traders, one for experienced traders, make sure you jump on one of those. There’s only need to attend just one, just the one that’s relevant for your level of trading knowledge and experience right now. So hope that helps. Feel free to share this video and podcast Feel free to share this video and pod

New ASIC Regulations and How They Affect Forex Traders Podcast: #400: New ASIC Regulations and How They Affect Forex Traders In this video: 00:24 – I’m joined by Ben Clay from Blueberry Markets 00:43 – Why are ASIC making these changes? 01:43 – If you have more experience, will these levels change? 03:12 – How does this affect Australian traders? 04:00 – How will these changes affect non-Australian traders? 05:35 – I’m looking for a new broker. Can I join Blueberry? 06:11 – What should you look for in a good Forex broker? 07:36 – Can a trader contact you directly? 09:21 – A goal to help people succeed Andrew Mitchem: There are new changes coming from the Australian regulators affecting us as Forex traders. So let’s discuss how that’s going to change things with the Australian brokers. Let’s get into it right now. Andrew Mitchem: Hi traders, Andrew Mitchem here at the Forex Trading Coach with video and podcast number 400. I’m joined by Ben Clay from Blueberry Markets Andrew Mitchem: And today we’re joined by Ben Clay from Blueberry Markets to discuss the upcoming changes through ASIC and how it’s going to affect us as traders, whether we be in Australia or overseas. So Ben, welcome, great to have you here today. Ben Clay: Thank you, Andrew. Thanks very much. Why are ASIC making these changes? Andrew Mitchem: So Ben, we’re here about these changes out of ASIC, so it’s the Australian Securities and Investment Commission. So can you tell us how is this likely to affect us? And first of all, why are ASIC making these changes? What is it that they’re doing and why are they doing it? Ben Clay: Sure. So essentially the changes are mainly to protect traders at the end of the day, especially new traders coming on board. There’s a lot of new traders that come into brokers on one to 500 leverage, the maximum leverage that can be offered and that’s just too much risk for someone who doesn’t know anything about the Forex markets to be trading on. So these changes is to try and help new traders get a better understanding and trade on much lower leverage, which will be one to 30 for Forex pairs. So they can get an understanding of how the products works before jumping into higher leverage. Andrew Mitchem: Okay. So it’s mainly about leverage and protecting some of those newer traders. Ben Clay: Absolutely. If you have more experience, will these levels change? Andrew Mitchem: That’s one of the reasons. So does that mean that once someone understands risk and they’ve been through trading for a while, things can change, or is that leverage that you just mentioned pretty much set? Ben Clay: No, that’s exactly right. So when a client has a bit of experience and has some trading history, they can actually become what’s called a sophisticated trader. So there’ll be some extra parameters that they have to go through, which we’ll send out to our clients in the next month, but it will basically almost be a test to show that they understand the markets and that they clearly understand the risks of when it comes to Forex trading. Like myself, I trade on high leverage. It’s just a way that I prefer to trade. So, me, myself, I would want to be listed as a sophisticated investor so I can have that as an option to trade on much higher leverage. Andrew Mitchem: Right. So it’s about educating the client as well. So they’re not just going in there gambling and throwing it all away, and then all goes wrong. Ben Clay: Exactly. That’s exactly right. And at Blueberry, that’s something that we’re really passionate about is making sure that our clients understand the risks, and people like yourself as well, who are out there educating clients so they’re not coming in and blowing up an account right off the bat on massive leverage. Andrew Mitchem: Yeah. So you’re teaching them about low risk and how to trade carefully and properly rather than the people that think they’re going to double their account every week. Ben Clay: Exactly right and that’s what it’s all about at the end of the day. So it’s a positive change that ASIC is making. And I think it’s been a long time coming and I think it’s going to be beneficial for the industry as a whole. How does this affect Australian traders? Andrew Mitchem: Yeah. Nice. So let’s talk about Australian clients. You are in Australia and I’m guessing a good number of your clients are too. So how does this affect them directly? Ben Clay: So as of the 29th of March, if they’re not listed as a sophisticated investor for Forex pairs, they won’t be able to have leverage higher than one to 30. And I believe for minor pairs, it’s one to 20. For CFDs, it’s one to 10. So basically needing to have a higher margin and therefore less risk for each individual trade they place. They’re not able

5 Things to Know Before You Start Trading Forex Podcast: #399: 5 Things to Know Before You Start Trading Forex In this video: 00:26 – 5 very important things to know 00:38 – You will not become an overnight millionaire 02:01 – You don’t need to spend all day and night watching your charts 02:40 – You don’t need to study global events 03:52 – You do need to understand global time zones 05:47 – You must be willing to learn and invest in yourself 06:46 – Do you have questions and share this video I’m going to share with you five things that you should know before you start wanting to become a Forex trader. Let’s get into that and more right now. Hi traders, Andrew Mitchem here at The Forex Trading Coach with video and podcast number 399. 5 very important things to know I’m going to share with you five important things that I think you need to know and understand before you start to enter the amazing Forex world. You will not become an overnight millionaire So let’s start with the first thing is, you not be an overnight multimillionaire. Despite all the claims, all the promises, all the flash cars, all the laptops on the beaches that you see online and all the growth that you see, people tell you, you will achieve, you will not. And that’s the reality of it. 90 to 95 percent of Forex traders out there, of just retail small time Forex traders, lose money. It’s the facts. It’s the reality. And you have to figure out what are you you’re going to do differently to that sort of 90, 95% of other people? There’s a lot of things you can do, and we can certainly help you with those. But you’ve got to actually realise that you will not be doubling your account every week or every month like people tell you, you will do. If you do that, you’re basically a gambler. And if you do that, you are not a trader and you will not last as a trader. So if you think you’re going to suddenly take a thousand dollars and turn it into a hundred thousand dollars or a million dollars in a week, month, a year, it’s not going to happen. You’re just going to lose money. Even if you’ve got a million dollars today to trade, if you don’t know what you’re doing, you’re going to lose money and you won’t have a million dollars pretty soon after. So, do not expect overnight success. Like all good things, it takes time. You will not double your account next week. You don’t need to spend all day and night watching your charts Number two, you don’t need to spend all day looking at your charts. A lot of people get into trading think that they need to sit up all night, all day, watching charts, watching every bit of movement. You do not need to do that, absolutely far from it. So don’t think that you need to sit there. You can go to work, do your normal things, kids, family, jobs, sports, whatever it is, travel, whatever it is you like to do, you can make trading work around that. So don’t think that you’re suddenly going to have to give up all your nights to sit watching charts moving or get up at three o’clock in the morning or anything like that. You don’t need to do that. You don’t need to study global events Number three. You don’t actually need to sit and look and study global events. I had an email from a guy this morning on LinkedIn said to me, “Hey, Andrew, look, I’d love to share with you what we write up each day.” And it was basically this about five or six pages on a PDF file of what happened yesterday, news events and political events and COVID events and all this type of stuff. Completely irrelevant. If you know what you’re doing as a technical trader, you can look at the charts. You don’t need to be studying all the political news events. You just don’t need to. Sure, it’s good to have an understanding and possibly look at a website once a day to see high impact news announcements, or just if you have an interest in that type of thing, to see what unemployment rates are doing or interest rates, that type of thing, that’s good. But if you want to be a technical trader, then all that other information really is completely irrelevant. Look, if you want to be a fundamental trader, then by all means, that’s what you need to go and study. But if you’re like us and you want to do this enjoyably and profitably, be a technical trader and forget all that economist type of information, because it doesn’t really help you to make money from right now. You don’t need to study global events Fourth thing. This one makes me laugh every time. You do need to have an understanding of time zones. You do have to be aware that different people are in different time zones and what they are. Right now, it is summer in New Zealand. It is February. The amount of people that I’ve met that do not understand that because they live in the Northe

The Forex Market or the Stock Market? Podcast: #398: The Forex Market or the Stock Market? In this video: 00:28 – Which is the best market to trade? 00:51 – The Forex market is open 24 hours a day 02:27 – It’s easy to follow and understand the 8 FX currencies 03:43 – Massive liquidity in the Forex market 04:44 – Use Leverage to your advantage 05:42 – You can trade Forex long and short 06:27 – The low cost of trading the Forex market 06:47 – The ability to take high reward:risk trades 08:13 – Send me the trading topics you’d like me to discuss Should you trade the Forex market or should you consider trading the stock market instead? Which is best? Let’s talk about that and more, right now. Hi Forex traders. It is Andrew Mitchem here, the owner of the Forex Trading Coach with video and podcast number 398. Which is the best market to trade? And I want to talk about the differences, the comparisons, the benefits of trading the Forex market over the stock market. It’s a question I get asked quite often. And so I thought to help you out, I’ll give you what I see the benefits of the Forex market that are clearly beneficial to us as traders and why I choose the Forex market over the stock market. So to list these in no particular order. The Forex market is open 24 hours a day The first one, the market is open 24 hours a day when you trade the Forex market. So it’s open five days a week. It opens at 05:00 PM, New York time on a Sunday, and it closes at 05:00 PM, New York time on a Friday. So it’s open for five complete days, 24 hours a day, and it doesn’t shut within that time. Now that has many benefits. Depends on where you live around the world. You may find that some exchanges, if you’re trading the stock market, it may be crazy hours of the day for you. As an example, for me, living here in New Zealand, I can trade the Forex market quite easily, any time of day. Yet, if I wanted to trade the US stock market, I’d need to be up from about two o’clock in the morning through to about 06:00 or 07:00 AM every day. And there is no way I’m doing that. And it depends on where you’re living. If you’re in Europe, let’s say, you can’t trade the Australian stock market very easily because of the time differences. And when you have time differences and you have exchanges open for, let’s say eight hours a day, what you tend to find is between one day and the next day you have gaps in the price and you have price jumping from here and opening the next day up here. So all sorts of different things like that, which as a trader can become a problem. Yet with the Forex market, it doesn’t matter where you live in the world, what time zone you’re on. When you look at the market, the market is open. And that to me is a massive, massive benefit. And you just get that continual flow with the Forex market that you don’t get in the stock market. It’s easy to follow and understand the 8 FX currencies Another benefit, when you look at the Forex market, there’s really only eight currencies that we look at trading. You get to know pretty soon the characteristics, how they move, how they flow with each different currency and the currency pairs. Yet if you’re trading the stock market, how on earth do you get to really know what’s happening with each of those stocks, those companies, what their debt levels are like, what their employment levels are like, what their plans are? All those type of things that I don’t believe that you really can know. And even if you study just a few of them, well, there’s thousands of them to go and look at. So how do you know which one to look at? Whereas the Forex market’s such a small focused market. And when you get currencies like the New Zealand and the Australian and the Canadian that tend to all move together because they’re the commodity currencies and you get the Euro and the Franc moving opposite to each other, because they’re highly correlated, you really don’t have a lot of different markets to focus on, which makes our job a lot easier. So we can then focus on what’s happening on different timeframe charts and very, very easy in comparison to know what’s happening. Massive liquidity in the Forex market Liquidity is another massive benefit that I see in the Forex market, because it is the biggest market in the world. And completely, massively more in terms of what’s traded there in the Forex market than all the other markets, I think almost put together. As a trader, it doesn’t matter what I’m trading. I click my mouse, I’m in and out of a trade instantly. The liquidity is amazing. It means that the cost of trading is very, very small. My spreads are small compared with stocks, where spreads or commissions can be quite large. Finding a willing buyer and a willing seller, which is basically what we’re d

How to Lose Money Fast through Trading Podcast: #397: How to Lose Money Fast through Trading In this video: 00:33 – You’ll know it’s easy to lose money through trading 01:27 – What are you going to do differently? 02:05 – Watch last week’s video about using Limit Orders 05:01 – A real example on the EUR/AUD W1 chart which made a 4:1 R:R 06:22 – New monthly webinars for all traders to attend 07:16 – We’ve gone full circle I’m going to explain how you can lose money really, really fast by trading the Forex market. You interested? Let’s talk about that and more right now. Hey, traders, Andrew Mitchem here at The Forex Trading Coach, with video and podcast number 397. And you can see it’s an awesome day here, summertime in New Zealand, so I thought I’d come outside. I want to talk about something very, very different this time. I want to talk about losing money. You’ll know it’s easy to lose money through trading Now, it’s very, very easy to do that if you’re trading in the Forex market, and if you’ve been trading for any length of time, you will know how easy it is to lose money. Now, not the sort of topic that I usually talk about, so you can see it’s kind of like tongue in cheek here, because really everybody knows how to lose money in the Forex market. All you have to do is to simply do what most people have always done and just follow the masses, do all the usual things that most people do that are incorrect. And if you do that, you will certainly lose lots of money. But that’s not fun. If you want to change things around, like with anything, if you continue to do what you’ve always done, as the phrase goes, you will continue to get what you’ve always got. What are you going to do differently? So as a trader, what are we going to do differently here now to change this around? What are you going to do with your mindset, with your thinking, with the way that you trade, with what you’re going to learn, who you’re going to interact with, all those types of things? What are you going to do to change this around? Because otherwise, like the topic of this conversation, you will lose money and you’ll do it really well and you’ll do it really fast. You’ll get upset. You’ll blame the broker, you’ll blame the internet, you’ll blame everybody, but ultimately it’s you that’s done it wrong. So yes. Okay, so you’re going to change things around, what are you going to do? Watch last week’s video about using Limit Orders Well, have a look at last week’s video and podcast, as an example of one simple thing you can do to change things around. The feedback from that, by the way, thank you for that, was tremendous. It was all about using retracement orders, limit orders, and how that one simple thing can massively change your trading performance. Now, this week I held a presentation for a group of traders over in Singapore. Of course, it was online. I haven’t been over there. But on that presentation, I put together a very, very simple chart, and I made an example of a trade. And I said, “Well, here’s three ways of trading this trade, entering the trade. We can enter at the market. We can enter using a stop order,” in this example, it was a buy trade, so a buy stop, “or we can enter using a buy limit.” Now, this trade had the same stop loss on all three entry methods, had the same profit target on all three entry methods. It was a hypothetical trade, but it was to show an example, and it was to say, basically what we showed was, if you enter at the market, this particular trade example made about a 1.1-to-1 reward-to-risk. If you entered using a stop order, it made about a 0.6-to-1 reward-to-risk. If you entered using the limit order, it made a 2.2-to-1 reward-to-risk. Massive difference. What I then did is shared that same example and just said, “Look, if we had 10 trades all with much the same reward-to-risk, and we were profitable on five of those trades and we’d lost on five of those trades, so only a 50% win rate, which is still fairly good, by using the market order you were just a slight bit of profit over those 10 trades. By using the buy stops, you were in a loss over the 10 trades. And by using the buy limits, you were at about a 3% gain.” I think the buy stops was like about a 1% loss, top of my head. I’ve got the figures if you want to see them. But they were hypothetical trades to say, this is the advantage of using the same trade setup, the same stop, the same exit profit. The only thing that changed was the entry level. Now, it made a massive difference. It was a big aha moment for a lot of all those people on that webinar and just made them think differently, because most people will tell you to enter at the market or a breakout using a stop order. I do the opposite. I say have a limit order in place. If the price re

How Using Retracements Will Help Your Trading Results Podcast: #396: How Using Retracements Will Help Your Trading Results In this video: 00:26 – The biggest difference to my trading success 01:06 – The many benefits of using limit orders 01:46 – Frees up your time 03:57 – A real time example on the EUR/NZD H4 chart 05:03 – Using retracement entries will massively help you Using retracement orders can massively improve your trading success. Let’s talk about that more right now. Hi Forex traders, it’s Andrew Mitchem here at the Forex Trading Coach with video and podcast number 396. The biggest difference to my trading success Now, next week I’m going to be speaking at a virtual trading week for a group of traders over in Singapore. I’ve been asked to speak as a special guest. And the guy who’s organising the events said to me, “Andrew, I want you to talk about on a topic that can help people, but choose a topic that made a huge difference to your own trading success. Like what helped you as a trader to change your trading around and what made it so successful.” So I’ve got quite an interesting topic and it is all about how you actually enter the market using retracement orders. The many benefits of using limit orders Now you see, there are so many benefits to using retracement orders.And when I’m saying retracements, I’m using what’s called limit orders, so buy limits or sell limits. So if you were to take a buy trade, for instance, a buy limit order means that you’re entering the market below the current price. If you’re taking a sell order, you are entering the market above the current price. So in other words, you’re getting in at a better price after the price has retraced from where it currently is, and then you’re anticipating it to then continue in the direction of your trade. Frees up your time Now, huge number of benefits to this. One, time-wise. Now a number of people stress about sitting and watching their charts all the time. You know, you’re missing out on trades, or you don’t know when to be at your charts. Now we simplify that here at the Forex Trading Coach by only looking at a candle at the close of the candle, that’s the only time we look at a trade. So once you do that, then we get people that say, well, I cannot be there at at 12 o’clock or four o’clock, whenever the candle closes. But the beauty of taking retracement orders is you don’t actually need to be there. So, as an example on a buy trade, we’re still looking at using our same profit target, our same stop loss, but rather than entering at the market and needing to be there at that time and having a smaller reward to risk, we’re looking for the price to first fall, get our buy limit order filled, and then head up in our overall anticipated direction. Massive benefits time-wise. The other massive benefit also you can see, we’ve now increased our reward to risk of the trade. And that’s massively important psychologically. Now you don’t need to be winning 80, 90% of the time. And you think about this in simple terms. If you have trades that are three to one reward to risk on average, and you take three trades, one of them’s profitable, you just made one and a half percent on your account by using half percent risk. You have two losing trades following that, you’ve lost 1% total. So out of the three trades, you’ve only making 33.3% of the time. You’re only profitable on a third of your trades, yet you’ve still made half of 1% gain by using half percent risk on each of those three trades. So people that say, “Look, I need to be profitable 80, 90% of the time.” Most of those people don’t make money. And you think about this, if you’re making one out of three profitable trades, what happens if you can expand that out to 10 trades. And rather than three out of 10, let’s say you’re up to four or five out of 10. You see how with high reward to risk trades, you can make massive, massive gains. A real time example on the EUR/NZD H4 chart Now I want to give you a real example that’s actually going on right behind me right now as I’m recording this. So there’s a trade that Paul Tillman took in front of our clients on our live US webinar on Thursday, the 21st of January. And it’s now Friday the 22nd when I’m recording this here in New Zealand. The trades still open. Go and look at your charts, go and look at the Euro New Zealand dollar on the four hour charts. And we took a trade, or Paul took a trade, at the close of the 12 o’clock candle. Go and have a look at that great candle setup. Now, Paul’s got the trade on there, it’s almost a profit. Right now it’s eight pips away from the full profit target. It’s got a 3.1 reward to risk. So that means with half percent risk,

How to make 2021 an excellent trading year Podcast: #395: How to make 2021 an excellent trading year In this video: 00:30 – Set your goals for the New Year 01:40 – Trading on the close of a candle 02:22 – Document your trades 02:42 – Client makes +2.75% gain in one trade 03:57 – TFTC Pattern Trader bot software 04:57 – Looking forward to a great year ahead 05:40 – Future podcast topics So, 2021. How are you going to ensure this is a great year for you as a forex trader? 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 395. Set your goals for the New Year Come outside here, as it’s a beautiful day today, and wanted to talk about goals for 2021. It’s really important that you have some goals, that you think about your trading, you look at last year’s performance. What was good? What was not good? If you’re new to trading, you’re probably in some ways a better off position, because you can start right now in January and focus on making this year a really good year, but you need a plan. And it was one of the things that we discussed on our last webinar with our clients. Held it just last night. Two and a half hour live webinar. First one for the year. We go through our trading goals. We look at when we’re wanting to trade, what timeframes, what patterns we’re looking at, continuations, reversals, risk per trade. What do you do if a few trades go wrong? What do you do if you make really good trades? Do you keep trading? Do you stop trading? What happens if you can’t access your broker’s platform, your internet goes down? Different timeframe charts, are you going to take different risk on each trade? How are you going to place your entries, your stop losses, your profit targets? All those things that we look at and we discuss, and we come up with a trading plan that suits the individual person. Trading on the close of a candle Now, with my strategy, we only look at taking a trade on the close of a candle, so it’s very easy to know when to look at your charts, but with different people all around the world with different time zones, different time restrictions of availability, it’s important to plan what works for you. Now, as I said, we make sure that clients have a plan and it’s something that’s realistic, easy to stick to. Really, there’s no reason why you can’t trade in under 30 minutes per day. That’s what we do, and that’s what we’ve done for years and years. But it’s just about helping people to establish that plan, and I really encourage you to have a plan yourself as well. Document your trades Also about, when you record trades, are you writing them down on spreadsheets? Are you taking screenshots, et cetera? What are you doing to document, journal and analyse your trading performance as you go through this year? So some important tips there to work on. Just email me if you need any help, [email protected]. Client makes +2.75% gain in one trade With our trade so far this year, we’ve been trading just this one week, and we’ve already had very profitable trades on the daily charts, the 12 hours, eight hours, four hours, two-hour and one-hour charts. Had an email from a client who said that he’s already made, on his very first trade on gold on the one-hour chart, made a 2.75% account gain already, which is fantastic. On the live webinar yesterday, I took two two-hour chart trades; one on Euro yen, which lost, and one on the New Zealand-Canadian, which was profitable. The profitable trade completely got back all the loss of the first trade and more. I risked only a quarter of 1% on each trade and ended up making plus 0.2% gain from those two trades, with one quarter percent loss and the other making almost a half a cent. So a net gain there of 0.21% on the two trades, live, in front of clients. We’ve had some good profitable weekly chart trades. Our breakout trade worked this week and made another half percent gain. So a great start to the year, considering we’re only in the first week. Overall, I think I’m about 3.2% up for the week so far. TFTC Pattern Trader bot software We also discussed our pattern trader software, our TFTC Pattern Trader software. Awesome software. Some more enhancements made over the last few weeks on that, and the gains have been incredible. Our top 20 leaderboard of people who have created their own bots using our software, using my strategy, very easy to do, the top 20, every single one so far has had over an 8% gain on live trade since they started. And a predicted annual return on the top 20, the very minimum so far is predicted to be 19%. The highest so far are predicted to be 390%, according to the stats that that person’s had so far with our bots. Just incredible results and performance, and they are either on semi-

How Was Your Trading During 2020? Podcast: #394: How Was Your Trading During 2020? In this video: 00:26 – What an interesting year! 01:06 – Trade the conditions you get at the time 01:21 – How was your trading during the year? 02:35 – My trading hours during the next 3 weeks 03:15 – Use the next 3 weeks wisely 04:07 – Wishing you all a fantastic Christmas and have a great 2021 How was trading for you in 2020? It was an interesting year, wasn’t it? Let’s talk about that and more, right now. Hey, traders, Andrew Mitchem here at The Forex Trading Coach with video and podcast number 394, and it’s the last video and podcast for 2020. What an interesting year! Well, what an interesting year. Who would have thought back in January we would be in the situation that we’re in now? Who would have thought we’ve seen all things that we’ve seen in 2020? Nobody could have predicted that, but for traders, it’s actually been a pretty good year. Back in March and April, we had some unbelievably good trading conditions, made incredible returns because of the big movements in the market when the COVID really hit, and throughout the year we’ve seen some interesting trading conditions. Sometimes it’s been a bit quiet. We’ve had the US election and all the buildup to that and still carrying on now, and so conditions have been a little bit quiet. Brexit still. Is it happening? Is it not happening in the UK? Trade the conditions you get at the time But as traders, you’ve got to just basically go with what the market’s giving you at the time, and as mentioned, we have had some very, very good trading conditions throughout the year, sometimes a little bit quiet, other times exceptionally good. How was your trading during the year? But what I wanted to ask you is this. How has your year been in 2020? Has it been a good year, not such a good year? I suppose for a lot of people being able to now work from home and it’s allowed people to adapt and accept working from home, working remotely. Things like trading has become easier to do. More opportunity to do it if you’re not at work all day, so that’s been a really good thing. But as a trader, what have your results been like and what are you doing to analyse those results, to look at those results and to think, “Well, this is what I’ve done this year?” Can’t change it. This happened. Whether it be good or bad, but what are you doing now onwards over the next few weeks as we lead up to Christmas and New Year to ensure that 2021 is an exceptional trading year for you? What are you actually doing about that? Are you reviewing the trades that you’ve taken this year? Are you looking at changing something? Are you looking at getting some education, some help, some support, do a course, read an ebook, watch videos? What is it that you are going to be doing now for the next few weeks and take advantage of this quieter time? My trading hours during the next 3 weeks I’m stopping trading Friday the 18th of December and starting again on Monday the 11th of January, so I’m just taking a break from trading. The market conditions are going to do one of two things. Either it’s going to be very thin trading volume and the market’s going to be crazy, or it’s just going to be flat and dead, and of course you never know which, so for me it’s just easier not to be bothering. There’s plenty of other weeks in the year to be trading and making money from the market. It’s just nice at the end of the year, have a bit of a downtime, bit of a relax and get ready for next year and so really, that’s what I encourage you to do. Use the next 3 weeks wisely Yes, have some down time, some family time. That’s what Christmas and New Year’s all about, of course, but also don’t waste that time. Make sure that you seek help. If you want our help, we’re still here even though I’m not trading. I’ll still be on emails everyday. If you want to ask questions about trading, just come through and we’re here to help as always, but I really strongly encourage you to have a look at your own trading, have a look at what you’ve done, and take the good things that you’ve done and also learn from those poor things, those bad things that you’ve done. Because there’s no better time than right now to analyse the whole year and almost set yourself a New Year’s resolution for next year, but do it now. Actually figure out what works, what doesn’t work for you, what you need help with, what you need to change, and make 2021 just a really good year. Wishing you all a fantastic Christmas and have a great 2021 So, on behalf of myself and my family and Paul Tillman over in America and Mikalai and Mhel who work here at The Forex Trading Coach, I’d just like to say thank you for watching my vi

All You Need to Know about Blueberry Markets Podcast: #393: All You Need to Know about Blueberry Markets In this video: 00:00 – I’m joined by Ben Clay at Blueberry Markets 00:45 – Who are the people behind Blueberry Markets? 02:23 – Where are your servers located? 04:45 – Building their online reputation 06:54 – What type of accounts can someone open at Blueberry Markets? 09:18 – Can you have an unlimited demo account? 10:29 – How do I withdraw funds? 12:09 – Safety of my funds? I’m joined by Ben Clay at Blueberry Markets Andrew M.: Hi, everybody. It’s Andrew Mitchem here at The Forex Trading Coach, and I’m pleased to be joined today by Ben Clay from Blueberry Markets. Hello, Ben. Ben Clay: G’day, mate. Andrew M.: Nice to see you here. Ben, got some questions to run through from you. Asked a number of traders right round the world to ask questions to me that I can pass them on to you, basically to find out more about Blueberry Markets, what it is you do, why you’re a good broker, and why you’re my preferred broker. So if you’re all good, I’ll fire away with some questions, Ben. Ben Clay: Absolutely. Who are the people behind Blueberry Markets? Andrew M.: The first question is, who are the people behind Blueberry? Ben Clay: Good question, one I get asked relatively often. Dean Hyde is actually basically the owner of Blueberry Markets, who I’ve known for about 11 years. We worked together at AxiTrader, who you obviously know, for some time. He just basically wanted to set up a broker where he thought there was a gap in the market, which was offering just really good, hands-on customer service and transparency to all of their clients. So he sort of separated from Axi a few years back and set out really on his own to come and set this up. Ben Clay: We’re, of course, licenced through Eightcap, down in Melbourne, which is another firm who holds the FSL. Obviously, ASIC, it’s very difficult to get your own licence when you’re first starting out. So we’re still under their licence, but they’re a very strong financially-backed firm as well and they’ve been amazing to us. So technically it’s Dean who’s behind it, and then Eightcap who runs the licence is basically it. Andrew M.: Perfect. I think that’s one of the nice things that I like about what you guys are. You’re very personal group. It’s real people. It’s not a call centre. It’s nice that you’re dealing with real people all the time. And that’s the feedback that I get from clients as well. It’s always someone, like that. Ben Clay: Well, I’m really glad to hear that. That’s what we set out to do, is have the real hands-on approach and be extremely accessible and transparent. So that’s what we set out to do, and I think we’ve done pretty good at achieving that. Where are your servers located? Andrew M.: I think you’ve done very well. Absolutely. So another question, Ben. Your servers, where are they located? Ben Clay: Our main servers are based in Hong Kong, so that’s where the main server centre is. And while that might sound a bit strange, it’s a pretty central location to a lot of our key demographics. Having said that, though, we do have data centres all around the world, so in the main DCs like London, New York, Tokyo, Sydney, as well. The reason for that is when you’re connected to the platform on MT4, anyone who’s ever used it, down the bottom right-hand corner, there’s the little connection status. Ben Clay: You can actually click there and select the best data centre that’s giving you the best latency. Most of the time for me, even on Hong Kong here in Sydney, I’m still getting great latency. We do put a lot into our servers to make sure that they’re as fast as possible, but if ever anyone is ever having issues with latency, just come to us and we can sort out a VPS, and all those type of things that will bring that latency down. Andrew M.: Perfect. That’s good. One thing I’ve always noticed on a personal point of view is that when the market opens at the beginning of the week, you’re always there, all the pairs are open. Whereas some other brokers, that doesn’t happen for several minutes. I notice your spreads are consistent in those changeover times of the week as well, from one day to next. All that helps. Ben Clay: Yeah. That’s a good point you raise. Obviously when our markets open, it’s 5:00 PM in New York. That’s when the daily candle will start, at 5:00 PM in New York. That way it gives you the five daily candles through the week, as opposed to having any additional weekend candles. Through Tuesday to Friday, we’ll actually typically stop pricing for about two minutes during that time. Some brokers are a lot longer than that, but we think two minutes is pretty optimal, because spre

Why I Trade with Low Risk Per Trade Podcast: #392: Why I Trade with Low Risk Per Trade In this video: 00:29 – Why do you keep your risk per trade low? 01:03 – 2 things you must control 03:05 – This completely amazes me 04:08 – We also have high R:R trades 05:33 – Understanding the market and understanding yourself 06:10 – Our 2020 Black Friday 12 Hour Sale I get asked all the time, why I trade with such low risk. Let me explain more right now. Hey traders, it’s Andrew Mitchem here at the Forex Trading Coach with video and podcast number 392. Why do you keep your risk per trade low? The question I get asked quite often is, “Andrew look, if you’ve been trading for so long and you know what you’re doing, you know how to trade, why is it that you constantly promote and suggest other people trade with such low risk per trade?” And it’s quite an interesting question because people think that, you can just go and risk crazy amounts and make exceptional returns. For me as a full-time trader, that’s been doing this for close on 17 years, I can tell you that yes, you can make exceptional returns from the Forex market, but you can do that without risking crazy amounts. 2 things you must control Now, for me, there’s two things as a trader, that you have to control. One is your head. The other is your heart. If you can control those two emotions, then you are a long way down the track to helping yourself becoming a good trader. And for me, I’ve never really, had to worry about my trading because what I know I’ve got a strategy that works and I’m very comfortable trading it, and I know how to trade it. It’s been proven for such a long time. But also because I trade with such low risk per trade, I can place trades. I’ve got trades on behind me right now. I can go to sleep. I can go away for the day. I can do all sorts of things without stressing about trades, because I know that every single trade that I place has a very low and a controlled stop loss. And I’m not talking about putting a stop loss at 10 pips or 50 pips or a hundred pips or anything like that. I’m talking about if my trade gets stopped at and I place, my stop loss at a reason, not just at a number. In other words, I’m not placing it at 10 pips or 50 pips. I’m placing it at a level on the charts for a reason. Well, I know that that’s say, got a good chance of not being stopped at, but let’s say it does. And of course we all have trades that get stopped at. If it does, I know what my risk is as a percentage of my total account. And I can live with that because I know that it’s not going to damage me. I know I can get up and trade again tomorrow. And that’s the problem that I see so many traders having, and they have a losing streak and all of a sudden it’s like, “Oh my goodness.” It’s the head and the heart, again. “I can’t trade.” Or. “I’m scared to trade.” Or they see a really good setup and they go and take less risk than they normally would because they’ve had a string of losing trades. And of course that becomes the trade that ends up winning. And they only make a small amount rather than what they should be making. So you see the issue. This completely amazes me Now, it still blows me away that I see they’re just all over the internet, people saying, you should be risking 2%, 5% per trade. 5% per trade. I can have 10 trades in a row, go wrong and lose 5%, which hardly ever happens by the way. But I could have 10 trades in a row go wrong and I lose 5% of my account. These guys online are suggesting that you risk 5% per trade. You imagine what happens when you end up with three or four or five losing trades in a row. How are you feeling? Not only that is, what have you got to do as a percentage gain to make back that loss that you’ve just created? It starts messing with your head, with your heart. It comes back to those two things. So I can tell you that someone that’s been in this market for such a long time, do not ever underestimate the power of low risk per trade. We also have high R:R trades Now, what makes this also work for us is that the vast majority of my trades have very high reward to risk gains. So we could be talking two to one, three to one, four to one. I had a guy the other day on the Webinar that made a 6% gain on one trade. But most of my personal trades are around a two or three to one reward to risk. So a three to one means I’m risking half percent of my account on that trade. If it hits the profit target, I make 1.5% gain. Now you imagine doing that on a few trades in a row. That starts to really compound and become quite exceptional gains. And so for me, coming back to that low risk is important. You have to have high reward to risk. I’ve seen traders out there that have a 90% winning system, but still lose

How to Adapt to The Current Market Conditions Podcast: #391: How to Adapt to The Current Market Conditions In this video: 00:29 – A very interesting week 00:58 – Needed to adapt to the market price action 02:02 – Client make a +6.1% gain on XAU/USD H2 chart 02:27 – Just 1 Daily chart trade for the week 03:22 – Trading the shorter time frame charts this week 04:09 – The way we trade at TFTC 04:28 – Trading next week onwards 05:12 – Keep a look out for our Black Friday Sale As a forex trader, you need to be able to adapt to what is happening in the market at the current time. And I want to talk about that to help you in this week’s video on podcast. So let’s get into it right now. Hey, forex traders, it is Andrew Mitchem here at The Forex Trading Coach with video and podcast number 391. A very interesting week Now, this week we have had quite a lot happening. We’ve had the US elections. Right now, as I’m speaking, we still don’t know the outcome, and by the time you get to watch this video, you may or may not know the outcome, but with that in mind, the market has been a little bit different to many other weeks. And then later tonight, my time, we have the monthly Nonfarm payroll, the US monthly employment results coming through. Needed to adapt to the market price action So, what does that mean? Well, it’s meant that the market’s been quite difficult to trade, but also it means that we’ve had to adapt to what the market is giving us. And what I mean by that is we’ve got to look at different currency pairs, different timeframe charts in order to basically give us the right setup that’s happening at the time. Now, as you know, I talk about trading on monthly charts, weekly charts, daily charts, 12-hour charts, six-hour charts, all those kinds of longer timeframe charts. Now, this week, it’s been completely different due to what the market is giving us. And as an example, online webinar that I held just last night with my clients, which was a fantastic webinar with many, many trading examples, we focused on one and two-hour charts predominantly with a few four-hour charts. And on the session, I took two two-hour chart trades, one on the Euro Australia and one on the Euro/New Zealand Dollar. And we took those live, and we explained the setups, et cetera, on that session. Client make a +6.1% gain on XAU/USD H2 chart Now, also on that session, we had a client who took a trade on gold and made us a massive 6.1% account gain on the two-hour chart on gold. And it just makes you realise that if you adapt to what the market is showing you, you can do very well in all conditions. Just 1 Daily chart trade for the week And as another example, this week, I’ve placed just one daily chart trade, just one the entire week. It was placed on Tuesday. It was an Australian Dollar-US Dollar trade on the daily chart. Go and have a look at your charts to see a bearish engulfing candle at the bottom of a downtrend, a double bottom off the bottom Bollinger Band. I believe we also had divergence. I think we all bounced off the 70 level, and we had a retracement all the trade that made a 2.5 to one reward the risk, and we had our market in order to make 1.6 to one reward the risk. It would take a quarter percent at each of those two. In other words, half percent risk on total, on the two trades, one trade, two positions. We just over 1% just on the one trade. So we have adapted because we just haven’t really seen many daily charts, just the one. Trading the shorter time frame charts this week We’ve also adapted because we’ve been trading predominantly the shorter timeframe charts this week because that’s what the market has been telling us that has been active. You’re in and out of a trade a lot quicker, and the results have been outstanding. So, it always worries me when some traders say to me,” Hey Andrew, I’ve got this amazing system. It works on the 15-minute timeframe chart only on the US Yen.” And the question is, well, what’s so special about that? And you’re highly, highly specialising, if that happens. And to me, there’s nothing special about the US Yen 15-minute timeframe chart, as opposed to any other timeframe charts. So if your system is so limited that it only works on one pair, one timeframe. You really don’t have yourself a very good system. The way we trade at TFTC What I love about the way that we trade, because it’s price action, looking at candle patterns, et cetera, that allows us to look at all timeframe charts, all currency pairs, and then select what is looking good for the market conditions at that time. And that’s exactly what I mean by you need to adapt. Trading next week onwards Now next week, we would probably be over the US election. It’s probably going to get decided Nonfarm payrolls is headed all the way. The market might have some good price acti

How to Future Proof Yourself Podcast: #390: How to Future Proof Yourself In this video: 00:28 – What an interesting year 2020 has been 01:20 – Problems around the rest of the World 02:00 – Using other people’s money to trade? 03:45 – Take advantage of these ways of making money from trading 04:23 – TFTC Pattern Trader bots 05:28 – Trading off a small account size 06:42 – You need to future proof yourself and learn how to trade correctly What would another corona virus lockdown mean for you? Is your job secure and what are you doing to future proof yourself? 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 390. What an interesting year 2020 has been So, it’s been an interesting year, hasn’t it? We’re heading up to the US elections next week, and we’ve obviously had coronavirus cause issues right around the world. We’re lucky here in some ways in New Zealand, we’re very small, a couple of islands safely tucked away at the bottom of the world. We’ve only got one international airport that’s open. We’ve only got three in total, but we’ve got one that’s open. Very, very easy for us to control coronavirus here. Only 5 million people but even so, we can’t move around. We can’t travel overseas. Visitors are not coming in. As a country, we rely on tourism and we’re heading into summer now so there’s going to be a lot of job losses here, a lot of problems coming. Problems around the rest of the World Around the rest of the world, Europe is getting… There’s more and more problems. There’s unrest, there’s riots. There’s more lockdowns coming and that’s likely to cause huge problems and unemployment fear, et cetera like that. And it comes back to exactly like I mentioned to you back in around March, April, May time about future-proofing yourself, but how you can use the Forex market to do that. I want to give you some examples of what people are actually doing right now along those lines. Using other people’s money to trade? The first example is a client who wrote on our forum site just this week. He said that his trading’s going really well. He has found one of those sites online where you can prove yourself as a trader. You can then get a split between profits from someone else’s funds. And so what he’s doing is he’s spent the last six months on the course understanding trading, getting to make it work. And now he’s at that position where he can really profit from it, which is fantastic. He sent a screenshot on the forum site. He said last week on his first week with this account that he’s trading on behalf of another company, he made 7.9% gain. There’s another email here and I’ve printed it out to read it to you. I won’t give you the name of the company the guy’s using, but he says I’m also looking at using the company and other funding providers. It looks like I’m out of work in the next five to six months so looking to transition to a full-time trader by then, and these funding providers are a very attractive option. He talks about the 70/30 profit split and they have a 10% challenge over 30 days and there’s rules of maximum and minimums and draw downs and weekends, et cetera. And he said on here, I hit a 10% profit last month. And he talks all about what he did and how he’s going to approach this. At the end, he said this is a great way to accelerate the path to full-time trading. It’s a very viable option. Take advantage of these ways of making money from trading So there are those type of companies out there, those type of systems out there, and they really do provide a great way of trading to start with a relatively small account yourself, but to gain profit from this, which can certainly help you when it comes to your income if like these guys, you’re looking at losing your job. Now, of course, there’s also the option of becoming a signal provider where you basically are trading your own account and people copy and pay a monthly fee for that. And that’s another option that’s actually really, really good for people to consider. TFTC Pattern Trader bots The third option that we’ve got is our TFTC patent trader. So it’s the Forex Trading Coach patent trader, and that’s our auto trading system where you can create bots using my strategy. Very, very easy to create your own bot, your own group of bots portfolio based on different candle pattern recognitions, timeframe, risk, et cetera. Our leading guy right now on a live accounts up over 55% since we started. He started in around May and it’s up 55% to date. His annual return was projected to be, I think, it was about 162% if he continues with the way that his bots are performing. A 14% draw down as well. S

Important Questions to ask a Forex Broker Podcast: #389: Important Questions to ask a Forex Broker In this video: 00:22 – Joined by Ben Clay at Blueberry Markets 01:05 – How safe are your funds? 02:13 – Order types and hedging 03:30 – Can EU traders work with Blueberry? 03:56 – Can we get our money back if the broker goes bankrupt? 05:18 – What happens when you get sudden fluctuations in the market? 07:06 – Can some trades missed being filled? 08:19 – What makes Blueberry Markets different? 10:08 – Email me if you’d like to ask Blueberry Markets another question Andrew Mitchem: Today, we’re going to be answering your questions and the number one question that you want to ask a Forex broker. Let’s get into it right now. Andrew Mitchem: Hey, traders, it’s Andrew Mitchem here at the Forex Trading Coach with video and podcast number 389. Joined by Ben Clay at Blueberry Markets Now, something a little bit different today. We’re joined by Ben Clay at Blueberry Markets over in Australia. Hi there, Ben. Ben: Good day, Andrew. How are you? Andrew Mitchem: I’m fantastic and hope you are well too. Ben: Thanks, mate. Andrew Mitchem: Good. We’ve got something different. And last week, I asked a lot of questions to people and said, look, I want to know from you what’s your most important thing that if you could ask a Forex broker directly and we had a lot of questions come through. What I’ve done, Ben, I’ve just listed the main important topics. And if we can, I’d like to ask you those questions and just get your feedback on that so we can help people when deciding who to look for for a Forex broker. Ben: Absolutely. Absolutely, mate. How safe are your funds? Andrew Mitchem: We’ll start with this one is from a guy called Percy over in the United Arab Emirates. And Percy said, and this is a very common question. How safe is my money if the broker goes bankrupt, even if they’re regulated? Ben: Very good question, Percy. It’s one that I get asked very often as well, and is a question that you should be asking your broker, in my opinion. When it comes to any financial institution, there’s risks no matter where you hold your funds. Even if it’s in with the bank, there’s always risks holding funds at any financial institution. Ben: However, in Australia, we’re regulated by ASIC, the Australian Securities and Investments Commission, which enforced the Australian Client Money Laws. This is something that’s been in place over the last 10 years or so, I believe, and very strict and diligent. Basically, it states that client’s funds are segregated and kept separate from our daily operating funds, can’t pay for staff wages, company losses, anything along those lines. But having said that, again, I cannot say the funds are 100% safe, but we are overly compliance here at Blueberry and follow these laws very closely to ensure that client funds are as safe as they possibly can be. Order types and hedging Andrew Mitchem: Perfect. Thank you, Ben. Second question from Antonio over in Barcelona in Spain. Do you allow pending audit trading with expert advisors, robots? And do you also allow hedging? Ben: Oh, okay. We allow any expert advisors. That’s no issues at all and they can place pending orders. We have the four basic types of buy limit, sell limit, buy stop, sell stop, and we do allow hedging. I actually would like to touch on that a little bit because hedging is something I think there’s a little bit of misconception around where clients can hedge a trade and it’s used as protection. Ben: Whereas, I think a common misconception is a good thing to know is if you go 10 lots short, 10 lots long on the Euro, you still have double that exposure in the marketplace, whether your margin requirement is zero. It’s definitely something to keep in mind is that if spreads it to wide and outs, you are long and short on either side. 10 lots long, 10 lots short, every pip that it moves is going to be $100 either side, then your equity will start to drop. If that goes below zero, you’re going to be stopped out either way. Hedging is fine, but again, it’s just something that I like to warn my clients about is it’s not a way to protect your accounts. It can be used as a trading method, but don’t use it as a way to protect your accounts. Andrew Mitchem: Perfect. Thank you, Ben. And I hope that helps for you Antonio. Can EU traders work with Blueberry? Andrew Mitchem: Over to the UK, Trevor. Trevor says, “Are EU citizens legally restricted in any way from trading through Blueberry Market?” Ben: Look, not at the moment. ASIC is always updating their policies and so on, but at the moment we have clients from all around the world. That is subject to change and we will always keep our clients up to edit of any changes, but at the moment, no issues. Andrew Mitchem: Perfect. Cool. Th

Should You Only Trade The Major Forex Pairs? Podcast: #388: Should You Only Trade The Major Forex Pairs? In this video: 00:26 – 2 things to talk about today 00:53 – How do you know which pairs to trade? 01:43 – Should you only trade the Majors? 02:28 – My trading routine 04:55 – It doesn’t matter which pairs I trade 05:18 – All covered in my 5 star rated coaching course 05:42 – I’ll be interviewing Blueberry Markets – let me know your questions How do you know which Forex pairs to trade? And when? Let’s talk about that and more right now. Hey, Forex traders, Andrew Mitchem here, the owner of The Forex Trading Coach with the video and podcast number 388. 2 things to talk about today Now I’ve got two things to talk about. The first, I want to talk about how I can help you to know which Forex pairs to trade. And secondly, at the end of the video, I’m going to explain about next week’s video and podcast when I’m going to be interviewing, Ben Clay from Blueberry Markets and I want to know from you, what’s your number one question you’d like me to ask Blueberry Markets to Forex Brokers. So we’ll talk about that at the end. How do you know which pairs to trade? So back to the first point, how do you know which Forex pairs to trade? Now, it’s a problem that a lot of people come to me and they say, hey Andrew, look, I just don’t know what to trade. There’s a lot of currency pairs out there, which ones should I look at? And as Forex traders, we’re quite a fortunate position when you think about it. And that we really only have eight main currencies to look at and the combinations of each. Now of course there’s extra currencies like Norwegian kroner and Swedish krona and South African rand and all those. But there’s really the main eight. Unlike most other markets out there where there could be hundreds or even thousands of different stocks and shares and companies to look at. So we do have an advantage, but it’s still confusing for a lot of people. Should you only trade the Majors? And now another thing is a number of people also suggest that you should just look at the main currency pairs, the majors, and that will be like the GBP/USD, EUR/USD, USD/JPY, USD/CHF, AUD/USD, NZD/USD, USD/CAD. And you start to see the problem there is that they all have the US Dollar in them. Now let’s say the US Dollar happens to be quite flat. Then there may not be many opportunities there, and that becomes the issue or the US Dollar is very strong or very weak, and they’ll move together and then things suddenly change around and they all come and stop you and that becomes the problem when you trade just the majors. So what I like to do this is my routine. My trading routine At the beginning of each week, I scan the weekly charts on all the currency pairs or the main character pairs. There’s about 28 of them. And by setting up my weekly charts as a profile on my MetaTrader Platform, it’s very easy to get all the Euro pairs, all the Pound pairs, all the Aussie pairs, all the Kiwi pairs and just scan through and see what’s happening on the weekly charts. There’ll be some trades there most weeks, but even if there are no trades or very few trades off the weekly charts themselves, what they do is they give me an overall biases, this country pairs a little bit indecisive, or this one strongly bullish, or this one’s very bearish and is that likely to continue for the upcoming week, yes or no?. And it allows me to basically to plan that bigger picture. And then at the beginning of each new day, I then do exactly the same process, put on a profile where I have just the daily charts. And quite often there’ll be trades there specific trades based off the daily charts. But also I get my bias for that day, my strength and weakness analysis of where I see currency pairs. Again, some may not be moving much. And so I just tried to avoid those pairs that day. Some might be very strongly bullish or very strongly bearish. So that then helps me when I scale down to the shorter timeframe charts, and even like the 12 hours, the eight, the six, the four, and occasionally the one hour charts. So I don’t need to have everything lined up together. It does help if I can have, let’s say a trade on the four hour charts let’s say by trade. And let’s say that we have on the same currency pair the weekly and the daily also showing good, strong bullish tendencies. Then if I see that by trade on the four hour chart, then providing of course the candles in the right part of the chart, and I get the setup that I’m looking for, and I’ve got something to protect my stop loss. I’ve got a good reason why my profit target is going to get hit and not, not bounced before we get there. Then of course, that trade has more probability. But I’m still coming back to the currency pair that I decide t

How to Prevent your Stop Loss from being Hit Podcast: #387: How to Prevent your Stop Loss from being Hit In this video: 00:25 – Stop loss placement 01:04 – Examples shown on our weekly webinar 03:00 – The benefits of having the stop loss protected by a round number 03:33 – EUR/CAD trade makes a +1.5% account gain with low and controlled risk 04:32 – Details about how you can learn how to take trades like this too What measures can you take to prevent your stock loss from being hit all the time? Let’s talk about that more right now. Hey, Forex traders, this is Andrew Mitchem here, the owner of the Forex Trading Coach with video and podcast number 387. Stop loss placement I want to talk about an issue that affects all of us, and it’s talking about stop loss placement and how to place your stop loss why and where, and what can you do to give yourself a higher probability chance of success within your trade and to prevent your trade from being stopped out? And this was a discussion that we had on our live clients webinar just last night my time. I was asked by a new client that’s just joined us this week, and he said, “Look, I’ve been through the course, loving the concept and how you’re going, but what measures do you put in place to help protect your stop loss?” Examples shown on our weekly webinar And so I showed a lot of examples, as I do every week, that have stop loss protection. Now, what I mean by that is this. It’s not just placing your stop loss at X number of pips. It’s not even placing your stop loss, according to the way that we trade with fibs, extensions, and retracements, but it’s also having extra protection in place to prevent that stop loss being stopped out. Now, a perfect example of that would be to have your stop loss on a sell trade above a round number. Now, we took a trade on that webinar yesterday, and you’re going to see it on your charts. It’s on the Euro-Canadian dollar on the one hour chart on the 8th of October. And we took a sell trade, and the trade had just come down through the 156 level 1.5600. And it had broken below that level. It closed below that level. We saw the setup that what we’re looking for, we had the trendline break in place, we had divergence, we had below the pivot point, all the things we’re looking for with a candle set up. Everything was really good there. Room to move to the profit target. But what we had is we had the ability to put our stop loss above 156, above that round number. And what that was basically saying was, on this trade, if the price then pulls back and goes to 156 and back beyond it, we get stopped out, we accept that we lose on the trade, but we have controlled low risk on that trade. So if the trade got stopped out, then we lose. We accept that. That’s part of trading. But what we also had in our favour was we knew that the 156 level had been a strong level in the past, and we knew that it was a round number, and those psychological levels are very, very important. The benefits of having the stop loss protected by a round number And by placing our stop loss above that level, it meant that not only did we have our stop loss above the high of the candle and a swing high, it meant that the price to go and break that strong barrier in order to take us out. And as it happened, the price dropped and it did exactly as we thought it would do, and it moved to the previous main swing low, and it gave us a three to one reward to risk trade in under three hours. In under three candles, profit target had been hit for a three to one reward to risk trade. EUR/CAD trade makes a +1.5% account gain with low and controlled risk Now, if you placed half of 1% of your account on that one position, you’d have made a one and a half percent account gain in under three hours. That’s pretty good. One and a half percent is an excellent return with very, very low controlled risk, high reward to risk trade, high probability trade. We already had a 12 hour chart trade on the Euro-Canadian mentioned on our membership site in the morning. That was a sell trade also. So we had everything in favour of the trade. Plus, the important point for this lesson is the stop loss had added protection. Now, if you can get that protected, that stop loss protected, by a pivot point or a round number or a previous swing high or low, anything at all like that, the more you can add into your favour to protect your stop loss, the better. And so that’s exactly what we did, and guess what? We had the result to follow. So hope that helps. Details about how you can learn how to take trades like this too If you’d like to know how we take trades like this, if you’d like to jump onto our live webinars and become a client, I’ll put a link on this post and you can find out more information from there. So once again, this is Andrew Mitchem here, the Forex Trading Coach, helpi

The Problem with Retirement Savings Plans Podcast: #386: The Problem with Retirement Savings Plans In this video: 00:27 – Kiwisaver and the hidden costs 02:20 – Why would you invest in this? 03:28 – Retirement and the Forex market 05:15 – You need to understand the FX market before trading funds 05:58 – A week of retirement related emails this week 06:16 – Webinars for traders, both new and experienced Why do people pay massive fees to money managers, only for the money managers to lose their funds? Let’s talk about that and more right now. Hey, traders, Andrew Mitchem here at the Forex Trading Coach with video and podcast number 386. Kiwisaver and the hidden costs Now I’ve just heard on the news today about here in New Zealand, the KiwiSaver. So KiwiSaver’s a bit like a retirement fund that people contribute and employers contribute into in the States, they call it a 401k. So it’s basically a national kind of retirement fund where you choose the company that you want to invest with. And anyway, so results here. This is coming today, Friday, the 2nd of October, and this is saying that KiwiSaver members here in New Zealand, and bear in mind, we’re a very small country of under 5 million people, total people. KiwiSaver members paid $538.9 million to the managers handling their money over the year to March. So here we are in October, this report’s only up until March 2020. But they lost a combined $820.9 million in the first quarter, up until the end of the first quarter of this year. And of course they’re blaming it on the stock market plummeting and the United States market recorded its fastest 30% drop on record. They’re going… Talking about that and they’re basically blaming COVID, but this was up until the end of March. Now COVID didn’t really hardly take effect until then. It may have for the first month or few weeks, but imagine what it’s going to be for April to March 2020 into 2021, the year that we’re currently in right now. So they lost 800 and almost $821 million combined, but they charged their members nearly 540 million in management fees. Why would you invest in this? And that just got me thinking, it’s like, well, that is just ludicrous. Why are people doing things like that? You know, I realise that the traditional ways of investing or putting your money into term deposits and into banks and things like that, and obviously with interest rates being so low around the world, things like this KiwiSaver, where they encourage all basically people in employment to go and do. And encourage young people to go and do it. And now, in some ways it has some merit, I suppose, because it gets people thinking about what they should do with their funds and retirement, et cetera, like that where I’m just wasting it all, especially for younger people. So I’m not knocking the idea, but the reality is, is these people are losing money and paying a fortune in fees for the privilege of getting nowhere. And like I said, this is only up until the end of March 2020. So you can’t blame coronavirus and you can’t blame plummeting stock markets and things like that because that’s all going to come in this year. So what’s this figure going to be like this time next year? Retirement and the Forex market So it got me thinking, well, I’ve talked about retirement before. This week, when you get to watch this video, I’m going to be sending out a series of emails regarding how I look at the Forex market and how I believe that you can use that correctly with low risk to aid you with retirement. So it doesn’t matter whether you’re 20 years old and retirement’s just this distant thing, because when we’re all 20 years old, no one really cares about retirement. You know, you just think it’s this… For old people. You’re not interested. I mean, I thought exactly the same. Just don’t really care about stuff like that. I’m worried about what I’m doing at 20 years old. But as you get older and you get to my age of 47, it’s starting to become something that I need to start to think about. And of course, if you’re 57, 67, then you definitely need to be on it or it’s too late. And so that got me thinking about how I can help you if you think that trading the Forex market is something that you’d like to do. Even if it’s a passive income, it doesn’t have to be your complete 100% retirement fund in that, of course. But it’s something to seriously consider because otherwise you’re going to end up finding that like this KiwiSaver fund, and it’s probably the same throughout the world, to be honest, right now, you’re going to pay a fortune in fees to get losing money in your account. And that’s not a good situation obviously to be in. And if you start looking at other things, depending on what a

My Trading Account is up +17% for the Month Podcast: #385: My Trading Account is up +17% for the Month In this video: 00:25 – A great September with a +17% gain 01:05 – More bad news from around the World 01:50 – What are you doing about it? 03:00 – Client makes +3.7% gain from 4 trades this week 04:37 – Hindsight trading is pointless I’m up 17% for the month of September so far. Let me share with you how I’ve done that. Hey, Forex traders, Andrew Mitchem here at the Forex Trading Coach with video and podcast #385. A great September with a +17% gain And as mentioned, I’m up 17% for the month of September so far, with still four days to go. I’d like to explain how that has happened and how you can take advantage of the market movements that we’re seeing right now. Now go have a look at your charts, should have seen we’ve had big falls in currencies like the Australian dollar, the New Zealand dollar, the euro and the pound. Gold and silver have been falling as well, and the US dollar has been climbing dramatically. And so we’ve seen some big movements in the market over the last couple of weeks. And so we’ve been able to take advantage of those. More bad news from around the World But moving on to other things, depending on where you live in the world, you would have seen that coronavirus is back in the news again. Countries like the UK and parts of Europe going into lockdowns again. Unemployment is going up around the world. Interest rates are crashing. I’ve just received an email from one of my bank accounts or bank saying that they are going to now pay me a massive 0.1% interest for the year, which is absolutely outstanding. I’m thrilled to be receiving 0.1. No, I’m not. Absolutely no, I’m not. Why would I have money in the bank when I’ve just made 17% in a month? Most of that on auto trading, which I’m going to share with you. So think about it. What are you doing about it? What is it that you can do to get yourself knowledgeable about these markets? I walked around town recently, the amount of shops that are starting to become vacant, owning commercial property, owning a shop in town, it’s not particularly good right now and probably not going to get better for a long, long time if ever. And as I mentioned, unemployment rates are going up again, government schemes to keep people in employment or giving them monetary handouts for the last few months, certainly here in New Zealand, that’s about to stop. Governments cannot afford to just keep handing out money all the time. It’s crazy. There’s going to be generations of people paying that off in taxes for their lifetime. So it comes back to, that’s why I trade the Forex market. Here I am at home, trading, enjoying it, doing other things, but it comes about from that work and dedication at the beginning. So you have to put that effort of time dedication into it. Client makes +3.7% gain from 4 trades this week Just last night, I held a webinar with my clients, about two hour webinar, and I had a client Atamas. Atamas sent me four trades that he’s taken this week and he’s made 3.7% gain, just on four trades. Showed them the screenshots of the trade, the entry exits, the position, why he got in. And we talked about that during the webinar, we do that on all of our webinars. We’re looking at trades that people are taking, we’re looking at taking trades live. And I also shared with my clients, our amazing pattern trader software, and you can find a link to it. I’ll put it on this video and podcast. It’s called tftcpatterntrader.com. It’s our automated trading software and you can take advantage of that even if you’re not a coaching client. And so that allows you to trade a combination of bots that you can create a week, have created new, can use our versions or edit them, create your portfolio and have that trading if you want to, on complete auto trading. And that has had a tremendous month for September. With my manual trading and with my bot trading together, I’m up 17%. With very low risk for trade, extremely low draw-down, a 17% still with four days, got Friday, and then Monday, Tuesday, Wednesday of next week, before we then move into October. So it shows what can be done and it also shows how good the strategy is taking advantage of those moves when they happen. And that’s another important point. Hindsight trading is pointless There’s no point in looking back at charts and go, “Oh, if I’ve done this and if I’d have done that, I would have made that amount of money.” It’s pointless. It doesn’t matter. What you have to do is have the strategy, the knowledge in place and the system in place to be able to see the trade, take the trade in real time from the right hand side of the chart. That is the only way you’re going to make money in the F

You cannot become a Doctor from reading an e-book Podcast: #384: You cannot become a Doctor from reading an e-book In this video: 00:26 – A new review on Forex Peace Army 01:25 – A trader’s journey 02:15 – Trading is limitless 02:40 – Making 10% gain per month 03:03 – Why traders fail 04:10 – Trading can be lonely 05:03 – Have a look at the review You cannot become a doctor just by reading an e-book, so how do you think trading’s going to be any different? Let’s talk about that and more right now. Hey, Forex traders, Andrew Mitchem here, the owner of the Forex Training Coach with video and podcast number 384. A new review on Forex Peace Army I want to talk about a review that I’ve just received on the Forex Peace Army website by a client of mine over in Germany called Simsek. Now, Simsek has written a review, his third review on Forex Peace Army, and it’s been 10 months since he posted his last review. I’d really urge you to go and have a look at it. It’s a very long, detailed, comprehensive explanation about his whole trading experience, and I know that you will find something in that that will resonate with you and something that will really help you. You see, what I love about the review is it’s honest and it gives his whole detailed explanation of where he’s come from, what he’s done and what he’s currently doing now. I’m going to put a link to the Forex Peace Army review site on this post, underneath this video. A trader’s journey What Simsek has done, which is so cool, is he said about the trials that he faced when he was looking around trying to become a trader, and he said that he looked everywhere. He’s been on all sorts of different systems and e-books and things like that, and bought indicators looking for that magic holy grail, like everybody wants, do it for me, make it easy system. He realised it wasn’t there. It just doesn’t exist. But what he’s done, since he’s joined us, is he’s put in time, effort, some hard work, some dedication and he’s getting results. Like I said, it’s the third review, so you can go back and look at his other two reviews back into 2019, and now see this latest one in mid September, 2020. Trading is limitless He’s also posted on there to say that trading is limitless, and he’s absolutely right. Trading is like no other job or anything out there, and that once you know how to do it, your income is only really dictated by the size of your account. But to start with, you’ve got to learn how to do things properly, and that’s where he’s at right now. In fact. Making 10% gain per month What he said is, in the last 10 months, since his previous review, he’s made on average 10% per month. He’s also said he’s only had three or four losing weeks in that time. He’s mostly been trading one-hour charts and know due to other things that he has in his life, he’s developed into the longer timeframe charts, like the four, six, eight, twelve, and daily charts. Why traders fail But what he’s also done in that post is he’s put in there about why people fail. Go and have a read of it. Like I said, it’s really, really valuable information. Now, if you’ve struggled through your trading, you’re going to find something he’s written in there is exactly what you’ve gone and done. It’s about not sticking to the system about, sort of failing to have dedication, all those type of things. He also mentions, which is a very valuable point and I’ve said this before on previous videos and podcast here, is he’s talked about what I provide, the strategy, the support with people around the world, the indicators, the daily trades, live webinars, forums, all those things. But what he said, for him, that’s so valuable is that community support. To be on board with a group of like-minded people all around the world, all trading the same strategy, it’s the same system, all there together, helping people out live, and that community support can never be underestimated. Trading can be lonely Now, you’ll know that if you are set at home trading or you’ve been playing around with trading for a few weeks, or you’ve been doing it for years, you’ll know how lonely it can be. You’re just sitting there by yourself, looking at charts, or on some random forum site with other people you don’t really know, everybody’s talking about different things. You know that it’s not a great place to be. So what Sims has said that we offer is live trades. We offer specific trades. We offer a great community chat forum site. We offer live webinars. We offer real-time support. We’re taking trades. We’re showing people. We’re helping people. We’re communicating. We’re all learning there together. And so that part of what