How To Successfully Trade the 5 Minute Charts ﻿ Podcast:   Signup For my Forex Masterclass Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now #514: How To Successfully Trade the 5 Minute Charts In this video: 00:33 – Should I look to scalp the market? 01:20 – Any Pair and any Market and any Time frame chart 01:53 – Most people don’t know when to look or what to look for 02:33 – Only take Continuation patterns 03:07 – Examples of Continuation patterns 04:11 – It’s all about the strategy 04:22 – Blueberry Markets 05:02 – Masterclass and book a call to chat with us Should you consider trading the five minute charts? It’s a question I get asked very often. And just this week, one of our clients has posted some amazing five minute chart trades on our forum site, and I like to share details about that right now to help you. Let’s get into it. Hey there, traders. Andrew Mitchem here at the Forex Trading Coach with video on podcast number 514. Should I look to scalp the market?  Now quite often I get asked the question, Andrew, should I look at scalping? And scalping is trading shorter timeframe charts when you’re generally in and out of the market relatively quickly and most of the time I say the people don’t do it. Stay away from anything from one hour charts and below because most of the time it consumes you. It’s lots of noise, lots of whipsawing around and the price action. And unless you know what you’re doing, it’s probably going to eat you alive. It’s probably not a great idea. And really it comes down to each to their own. You know, I much prefer personally the longer timeframe charts with the higher rewards risk looking less often. But we also have to acknowledge that not everybody wants to do that. Any Pair and any Market and any Time frame chart And the fantastic thing about my trading strategy is it can be applied to any currency pair, any market and any timeframe chart. Now, just this week, one of our clients, David, has posted for amazing five minute chart trades on our forum site. So David is only looking at his charts just three days a week and only for about an hour or so per day. So it’s really important that if you are to look at short a timeframe chart such as the five minute charts, you do not make this like all time consuming. Most people don’t know when to look or what to look for  The issue that a lot of people have is they don’t know when to look, they don’t know what to look for. And then because they’re sat there looking, they kind of bring emotions in trades and they feel like, Oh, I’m here right now. I have to find a trade. And that becomes quite a dangerous thing. It’s like years and years ago when I started trading on dial up Internet and same thing. You finally got the Internet to work. And I thought, Right, I’m on ready to go now. Where’s a trade? Let’s make it happen. And of course, that’s not the way to trade. So you know, fast forward and luckily we don’t have dial up any longer, but there’s still the same kind of issues that you must get away from. The fact that just because you’re there don’t force a trade to happen. Only take Continuation patterns   So let’s get back to David. What David has done very sensibly is he has chosen to only take continuation trade patterns. So here at the Forex Trading Coach, we take reverse patterns and continuation patterns. Reversals are pretty cool. They look really good on the charts as being a big uptrend and then the we looking to sell or there’s been a big downtrend. You’re looking to buy. That’s fine on the longer timeframe charts, but on the shorter time frame charts, a continuation pattern is a far safer, higher probability way of trading, and that’s what David has chosen to do on the four trades that he’s taken this week. Examples of Continuation patterns So as an example, there’s been an uptrend, a pullback, and then he’s looking to ride that up again or there’s been a set downtrend, a pullback, and he’s looking to ride that back down again once he sees the patterns that we teach and everything else that we talk about as part of the Forex trading Coach Course. So awesome to see. David. The other thing is he’s on the allocating an hour per day to look through the charts and that’s really important as well. Just select the time that works for you. Go and have a look at the charts. If there’s a trade there, fantastic target trade. It is not. Don’t take one. He’s also looking for a variety different time for and chances. Trading with the main trend as mentioned with a continuation patterns is also trading with the bigger picture because we talk about daily strength and weaknesses as well. He’s using the round numbers and everything else that we talk about. So he’s using the strategy perfectly just on a very short timeframe chart and he’s in and out of trades within three or four candles. So, you know, sort of 15, 20 minutes in the trade, out of the trade done. And he’s had four from four profitable trades this week. It’s all about the strategy So it just proves that if you have the knowledge and the information and most importantly, the quality of the strategy, then five minute charts are absolutely fine, if that’s what you want to do. Blueberry Markets If you’re either looking for a good broker, I can highly recommend Blueberry Markets, their based over in Australia, and I’ve been with them for a number of years and hundreds, if not thousands of clients and people watching videos and podcasts that have gone through them and through listening to me talking about them. There are great bunch of people, awesome platform, the MT4 and MT5 platform. The MT5 platform has so many instruments in different markets. It’s not funny and have a look at them. If you are out there considering looking for a good broker to put your funds with and to trade through, I’ll put link to blueberry markets here. Masterclass and book a call to chat with us I’ll also put a link to our masterclass and if you’d like to have a chat with either myself or one of my team, I’ll put a link here that you can book up a 30 minute call and discuss your trading and how we can help you make sure you take advantage of that. And we’re now offering that seven days a week. So book a time that suits you with one of us and we can help you to progress through trading. This is Andrew Mitchem here, the Forex Trading Coach, and see this time next week. Bye for now. Episode Title: #514: How To Successfully Trade the 5 Minute Charts Signup For my Forex Masterclass Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now

<h1>How To Successfully Trade the 5 Minute Charts</h1> ﻿ <h3>Podcast:</h3> <h4><a href="https://theforextradingcoach.com/forex-training-masterclass/" rel="noopener nofollow" target="_blank">Signup For my Forex Masterclass</a></h4> <h4><a href="https://bit.ly/3sK8pKU" rel="noopener nofollow" target="_blank">Find out more about Blueberry Markets – Click Here</a></h4> <h4><a href="https://theforextradingcoach.com/online_video_coaching_forex_course.html" rel="noopener nofollow" target="_blank">Find out more about my Online Video Forex Course</a></h4> <h4><a href="https://theforextradingcoach.as.me/schedule.php" rel="noopener nofollow" target="_blank">Book a Call with Andrew or one of his team now</a></h4> <h3>#514: How To Successfully Trade the 5 Minute Charts</h3> In this video: 00:33 – Should I look to scalp the market? 01:20 – Any Pair and any Market and any Time frame chart 01:53 – Most people don’t know when to look or what to look for 02:33 – Only take Continuation patterns 03:07 – Examples of Continuation patterns 04:11 – It’s all about the strategy 04:22 – Blueberry Markets 05:02 – Masterclass and book a call to chat with us Should you consider trading the five minute charts? It’s a question I get asked very often. And just this week, one of our clients has posted some amazing five minute chart trades on our forum site, and I like to share details about that right now to help you. Let’s get into it. Hey there, traders. Andrew Mitchem here at the Forex Trading Coach with video on podcast number 514. Should I look to scalp the market?  Now quite often I get asked the question, Andrew, should I look at scalping? And scalping is trading shorter timeframe charts when you’re generally in and out of the market relatively quickly and most of the time I say the people don’t do it. Stay away from anything from one hour charts and below because most of the time it consumes you. It’s lots of noise, lots of whipsawing around and the price action. And unless you know what you’re doing, it’s probably going to eat you alive. It’s probably not a great idea. And really it comes down to each to their own. You know, I much prefer personally the longer timeframe charts with the higher rewards risk looking less often. But we also have to acknowledge that not everybody wants to do that. Any Pair and any Market and any Time frame chart And the fantastic thing about my trading strategy is it can be applied to any currency pair, any market and any timeframe chart. Now, just this week, one of our clients, David, has posted for amazing five minute chart trades on our forum site. So David is only looking at his charts just three days a week and only for about an hour or so per day. So it’s really important that if you are to look at short a timeframe chart such as the five minute charts, you do not make this like all time consuming. Most people don’t know when to look or what to look for  The issue that a lot of people have is they don’t know when to look, they don’t know what to look for. And then because they’re sat there looking, they kind of bring emotions in trades and they feel like, Oh, I’m here right now. I have to find a trade. And that becomes quite a dangerous thing. It’s like years and years ago when I started trading on dial up Internet and same thing. You finally got the Internet to work. And I thought, Right, I’m on ready to go now. Where’s a trade? Let’s make it happen. And of course, that’s not the way to trade. So you know, fast forward and luckily we don’t have dial up any longer, but there’s still the same kind of issues that you must get away from. The fact that just because you’re there don’t force a trade to happen. Only take Continuation patterns   So let’s get back to David. What David has done very sensibly is he has chosen to only take continuation trade patterns. So here at the Forex Trading Coach, we take reverse patterns and continuation patterns. Reversals are pretty cool. They look really good on the charts as being a big uptrend and then the we looking to sell or there’s been a big downtrend. You’re looking to buy. That’s fine on the longer timeframe charts, but on the shorter time frame charts, a continuation pattern is a far safer, higher probability way of trading, and that’s what David has chosen to do on the four trades that he’s taken this week. Examples of Continuation patterns So as an example, there’s been an uptrend, a pullback, and then he’s looking to ride that up again or there’s been a set downtrend, a pullback, and he’s looking to ride that back down again once he sees the patterns that we teach and everything else that we talk about as part of the Forex trading Coach Course. So awesome to see. David. The other thing is he’s on the allocating an hour per day to look through the charts and that’s really important as well. Just select the time that works for you. Go and have a look at the charts. If there’s a trade there, fantastic target trade. It is not. Don’t take one. He’s also looking for a variety different time for and chances. Trading with the main trend as mentioned with a continuation patterns is also trading with the bigger picture because we talk about daily strength and weaknesses as well. He’s using the round numbers and everything else that we talk about. So he’s using the strategy perfectly just on a very short timeframe chart and he’s in and out of trades within three or four candles. So, you know, sort of 15, 20 minutes in the trade, out of the trade done. And he’s had four from four profitable trades this week. It’s all about the strategy So it just proves that if you have the knowledge and the information and most importantly, the quality of the strategy, then five minute charts are absolutely fine, if that’s what you want to do. Blueberry Markets If you’re either looking for a good broker, I can highly recommend Blueberry Markets, their based over in Australia, and I’ve been with them for a number of years and hundreds, if not thousands of clients and people watching videos and podcasts that have gone through them and through listening to me talking about them. There are great bunch of people, awesome platform, the MT4 and MT5 platform. The MT5 platform has so many instruments in different markets. It’s not funny and have a look at them. If you are out there considering looking for a good broker to put your funds with and to trade through, I’ll put link to blueberry markets here. Masterclass and book a call to chat with us I’ll also put a link to our masterclass and if you’d like to have a chat with either myself or one of my team, I’ll put a link here that you can book up a 30 minute call and discuss your trading and how we can help you make sure you take advantage of that. And we’re now offering that seven days a week. So book a time that suits you with one of us and we can help you to progress through trading. This is Andrew Mitchem here, the Forex Trading Coach, and see this time next week. Bye for now. <h2>Episode Title: #514: How To Successfully Trade the 5 Minute Charts</h2> <h4><a href="https://theforextradingcoach.com/forex-training-masterclass/" rel="noopener nofollow" target="_blank">Signup For my Forex Masterclass</a></h4> <h4><a href="https://bit.ly/3sK8pKU" rel="noopener nofollow" target="_blank">Find out more about Blueberry Markets – Click Here</a></h4> <h4><a href="https://theforextradingcoach.com/online_video_coaching_forex_course.html" rel="noopener nofollow" target="_blank">Find out more about </a>my Online Video Forex Course</h4> <h4><a href="https://theforextradingcoach.as.me/schedule.php" rel="noopener nofollow" target="_blank">Book a Call with Andrew or one of his team now</a></h4>

#514: How To Successfully Trade the 5 Minute Charts

Social Media Cannot Teach You to Trade  Podcast:   Signup For my Forex Masterclass Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course #513: Social Media Cannot Teach You to Trade In this video: 00:30 – Can you learn to trade from Social Media sites?  00:56 – Why am I at the hangar today? 01:35 – I’ve been flying for 9+ years and still need training  03:05 – Trader wastes GBP15,000 thanks to Social Media “Experts”   04:02 – What does Trading Success mean to you? 04:56 – Blueberry Markets Can you learn to trade properly and profitably and know what you’re doing by following forums, social media sites, YouTube, Facebook, all those type of places? I’m going to share with you a really interesting story. Let’s get into it right now. Hey there. Traders! Andrew Mitchem here, the Forex Trading Coach for video and podcast number 513. Can you learn to trade from Social Media sites?  So can you learn the trade off social media sites, YouTube videos, all those type of places? Well, I’ve received an email from someone over in the UK just yesterday and he said to me that he has lost £15,000 trading live trying to learn how to trade by following people on YouTube. So I’m going to cover that one shortly. Why am I at the hangar today? Now, you might maybe wondering, why am I talking about this at the hanger here? So if you’re watching this, you’ll see I’ve got my helicopter behind me. The reason I want to talk about this and the helicopter is I’ve just come out of the hangar here. Let me just show you. I fly from the other side over there and the helicopter you fly from the right hand side. You know, I’ve just come here and I’ve just put the dual controls in here on the left hand side. That’s because I’m heading up to the snow right now. My instructors give me a call “So look the conditions up. They’re really good” I’ve never landed myself in snow. I’ve landed in a little bit, but I’m talking like proper snow. I’ve been flying for 9+ years and still need training  And I’ve been flying this whopping fly helicopters for nine years, this helicopter for over five. It’s a great machine. Very, very powerful helicopter. It’s even got snow paws on down there so you can land in snow properly. However, I’ve not done it. The reason is it’s clearly very, very dangerous. You have to know what to do. Like when you land on that snow. Are you going to sink? Are you on rocks? Am I going to get the skids here? Cool on rocks. Am I over a lake? I don’t know. So there’s a lot of skill. Is it icy? How have fresh the snow has off to the actual approach. Getting the blades up here, you know, whipping up the snow, creating really bad visibility, white outs, all those type of things. And obviously on mountains anyway, it’s a lot more dangerous, you know, windy conditions. So I put duals in here and the two of us are off for a flight. So after nine years, I’m still seeking expert help because I want to go and do something quite, you know, a higher level, more dangerous, more risky. If I try it myself and look, legally, I can go and do that myself. I have a full license. I own the machine, it’s fully insured. Everything else, I can go and do this, but I’m seeking professional help to show me from someone who knows what they’re doing, who’s done this countless thousands and thousands of times, what to do to do it properly. Trader wastes GBP15,000 thanks to Social Media “Experts” Now, you bring this back to the guy who wrote to me yesterday. Not only is he wasted an enormous amount of time and probably lost huge confidence in the market. And clearly, confidence in someone who can teach him because he’s tried so many free places on YouTube, he’s lost £15,000. That’s a huge amount of money. Now, if I get this wrong, I can assure you I’m going to lose a lot more than £15,000. I could be losing hundreds of thousands of dollars and getting it wrong. I could be injuring myself, could even kill myself if I get it completely wrong. So what is it worth to you, whether it’s doing something like this or whatever skill it is you are doing? And if trading is your skill of choice that you want to learn to do, what’s it worth to you to do it properly, safely, correctly? Seek help from someone who knows what they’re doing with low risk, high probability chance of getting it right finally and having a massive amount of support at that. What does Trading Success mean to you? So have a think about that. What is that worth to you? And that’s where it comes back to our Forex Coaching Course that’s rated. It’s about a 4.8 out of five star rating on Forex Peace Army since 2009. Go and have a look on Forex Peace Army and find out how many other education companies that started back in 2009 are still there today. I don’t think you’ll find any. And so that shows longevity, proof, reliability, trust, everything that we do. In fact, the most recent review that just got posted this week on Forex Peace Army, a guy over in the UK said he’d learned more in two months being with us than he had in the previous eight years. So that just goes to show why investing in yourself and quality education will help you no end. No different than we’re just about to go flying right now with an instructor to show me what to do properly. Blueberry Markets Finally, if you’re out there looking for a good broker to put your funds with again, good people, professional company, have a look at Blueberry Markets. I’ll put a link to them below this video and podcast here. And we’re off flying right now. Catch you later. Bye for now! Episode Title: #513: Social Media Cannot Teach You to Trade Signup For my Forex Masterclass Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course

<h1>Social Media Cannot Teach You to Trade</h1> <h3>Podcast:</h3> <h4><a href="https://theforextradingcoach.com/forex-training-masterclass/" rel="noopener nofollow" target="_blank">Signup For my Forex Masterclass</a></h4> <h4><a href="https://bit.ly/3sK8pKU" rel="noopener nofollow" target="_blank">Find out more about Blueberry Markets – Click Here</a></h4> <h4><a href="https://theforextradingcoach.com/online_video_coaching_forex_course.html" rel="noopener nofollow" target="_blank">Find out more about my Online Video Forex Course</a></h4> <h3>#513: Social Media Cannot Teach You to Trade</h3> In this video: 00:30 – Can you learn to trade from Social Media sites?  00:56 – Why am I at the hangar today? 01:35 – I’ve been flying for 9+ years and still need training  03:05 – Trader wastes GBP15,000 thanks to Social Media “Experts”   04:02 – What does Trading Success mean to you? 04:56 – Blueberry Markets Can you learn to trade properly and profitably and know what you’re doing by following forums, social media sites, YouTube, Facebook, all those type of places? I’m going to share with you a really interesting story. Let’s get into it right now. Hey there. Traders! Andrew Mitchem here, the Forex Trading Coach for video and podcast number 513. Can you learn to trade from Social Media sites?  So can you learn the trade off social media sites, YouTube videos, all those type of places? Well, I’ve received an email from someone over in the UK just yesterday and he said to me that he has lost £15,000 trading live trying to learn how to trade by following people on YouTube. So I’m going to cover that one shortly. Why am I at the hangar today? Now, you might maybe wondering, why am I talking about this at the hanger here? So if you’re watching this, you’ll see I’ve got my helicopter behind me. The reason I want to talk about this and the helicopter is I’ve just come out of the hangar here. Let me just show you. I fly from the other side over there and the helicopter you fly from the right hand side. You know, I’ve just come here and I’ve just put the dual controls in here on the left hand side. That’s because I’m heading up to the snow right now. My instructors give me a call “So look the conditions up. They’re really good” I’ve never landed myself in snow. I’ve landed in a little bit, but I’m talking like proper snow. I’ve been flying for 9+ years and still need training  And I’ve been flying this whopping fly helicopters for nine years, this helicopter for over five. It’s a great machine. Very, very powerful helicopter. It’s even got snow paws on down there so you can land in snow properly. However, I’ve not done it. The reason is it’s clearly very, very dangerous. You have to know what to do. Like when you land on that snow. Are you going to sink? Are you on rocks? Am I going to get the skids here? Cool on rocks. Am I over a lake? I don’t know. So there’s a lot of skill. Is it icy? How have fresh the snow has off to the actual approach. Getting the blades up here, you know, whipping up the snow, creating really bad visibility, white outs, all those type of things. And obviously on mountains anyway, it’s a lot more dangerous, you know, windy conditions. So I put duals in here and the two of us are off for a flight. So after nine years, I’m still seeking expert help because I want to go and do something quite, you know, a higher level, more dangerous, more risky. If I try it myself and look, legally, I can go and do that myself. I have a full license. I own the machine, it’s fully insured. Everything else, I can go and do this, but I’m seeking professional help to show me from someone who knows what they’re doing, who’s done this countless thousands and thousands of times, what to do to do it properly. Trader wastes GBP15,000 thanks to Social Media “Experts” Now, you bring this back to the guy who wrote to me yesterday. Not only is he wasted an enormous amount of time and probably lost huge confidence in the market. And clearly, confidence in someone who can teach him because he’s tried so many free places on YouTube, he’s lost £15,000. That’s a huge amount of money. Now, if I get this wrong, I can assure you I’m going to lose a lot more than £15,000. I could be losing hundreds of thousands of dollars and getting it wrong. I could be injuring myself, could even kill myself if I get it completely wrong. So what is it worth to you, whether it’s doing something like this or whatever skill it is you are doing? And if trading is your skill of choice that you want to learn to do, what’s it worth to you to do it properly, safely, correctly? Seek help from someone who knows what they’re doing with low risk, high probability chance of getting it right finally and having a massive amount of support at that. What does Trading Success mean to you? So have a think about that. What is that worth to you? And that’s where it comes back to our Forex Coaching Course that’s rated. It’s about a 4.8 out of five star rating on Forex Peace Army since 2009. Go and have a look on Forex Peace Army and find out how many other education companies that started back in 2009 are still there today. I don’t think you’ll find any. And so that shows longevity, proof, reliability, trust, everything that we do. In fact, the most recent review that just got posted this week on Forex Peace Army, a guy over in the UK said he’d learned more in two months being with us than he had in the previous eight years. So that just goes to show why investing in yourself and quality education will help you no end. No different than we’re just about to go flying right now with an instructor to show me what to do properly. Blueberry Markets Finally, if you’re out there looking for a good broker to put your funds with again, good people, professional company, have a look at Blueberry Markets. I’ll put a link to them below this video and podcast here. And we’re off flying right now. Catch you later. Bye for now! <h2>Episode Title: #513: Social Media Cannot Teach You to Trade</h2> <h4><a href="https://theforextradingcoach.com/forex-training-masterclass/" rel="noopener nofollow" target="_blank">Signup For my Forex Masterclass</a></h4> <h4><a href="https://bit.ly/3sK8pKU" rel="noopener nofollow" target="_blank">Find out more about Blueberry Markets – Click Here</a></h4> <h4><a href="https://theforextradingcoach.com/online_video_coaching_forex_course.html" rel="noopener nofollow" target="_blank">Find out more about </a>my Online Video Forex Course</h4>

#513: Social Media Cannot Teach You to Trade

When All You Want is Results ﻿﻿﻿﻿ Podcast:   Signup For my Forex Masterclass Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course #512: When All You Want is Results In this video: 00:31 – Another great trading week  01:06 – Trading on a prop firm 01:31 – Here’s how we can help you gain consistency and results  03:04 – It’s a no-brainer  04:14 – Do other things than trade 04:54 – Blueberry Markets 05:14 – On demand Masterclass As a trader. At the end of the day, all you really want is good results, consistent results, low drawdowns, and we can provide that for you. Let me share with you how we’ve done that for our clients this week. Let’s get into it right now. Hey, traders. Andrew Mitchem here at the Forex Trading Coach. With video and podcast, number 512. Another great trading week  We’ve had a yet another fantastic trading week. And as I mentioned at the beginning, as a trader, ultimately the thing that you want more than anything is results. You want consistent results. You want to know how to trade properly. You don’t want to be spending lots and lots of time your charts and you want low drawdown. You see, that’s absolute key. All in good. Someone saying, I’ve made 50% in a six months, but if they risk, you know, crazy amounts in their drawdown, it’s been 50% then not particularly great. What you want to have is low drawdown with high reward to risk trades. Trading on a prop firm If you’ve got any interest at all in prop firms, that’s exactly what they want. And you will see that if you’ve tried on a prop firm and failed is probably because your drawdown has been too excessive and you’ve they’ve stopped their contact because of your over trading or too big a risk which has led to, you know, you breaching the five or 6% threshold that most of them have. Here’s how we can help you gain consistency and results  So what can we help you with? Well, we can help you gain that consistency and those results. And and we know we can do that because we’re doing that for ourselves when we’re doing that for our clients. And we’ve been doing that for over 14 years here at the Forex Trading Coach. And we’ve got clients in 103 countries. And look, this just works out this week. It’s been a classic example. We have taken 16 daily chart trades this week, been posted on a membership site with exact currency pairs, the directions, the reasons for the trade, plus the exact entry and exit levels, all of which are taught in the course anyway. But just on the daily chart trades alone 16 trades five Weekly chart trades. This week. So all of that combined would literally take you less than one hour to place out breakout strategy that we look at once a week, which again literally takes 2 minutes once a week. That’s made another one and a half percent this week. It made one and a half percent last week as well. On top of that, we’ve taken quite a number of trades on our forums site this week that either ourselves and clients are posted predominantly the longer time frames this week, just the nature of the market and we’ve had a few charts posted on 30 minutes and 1 hours, but most of the trades have been posted on 12 hours and 6 hour charts. This week has some an amazing results on the 12 hour charts in particular. And again, that requires you to look at your computer once, maybe twice, or at your charts once or twice a day. And one of those times is actually the exact same time that the daily charts are posted. So, you know, it’s just an absolute no brainer, really. It’s a no-brainer  If you want to be able to trade consistently with low drawdowns that know what you’re doing, to know when to look at the charts, to know what timeframes to look at, to know what patterns to trade and when with the exact entry and exit levels to not worry about PIPS, because every trade that we take has low and equal risk. It doesn’t matter what the pair, the direction, the size of the stop loss, the time frame chart and other that matters. Every trade has equal low risk, but they have high reward to risk outcomes. So if you get a trade making, let’s say a 3 to 1 reward the risk and you make, let’s say a 1% per trade, that’s too much. But let’s say for for mathematic sake, you make 3% on one trade and you lose on another one, you lose 1%, you still net 2% up, yet you’ve lost 50% of the time. So knowing exactly what to do, when to do it had to end to how to exit, whether you should exit early or not. All those sort of things we can help you with and again, we do that every single week. On my live webinar yesterday, I took trades live on the three hour, the four hour and the 12 hour charts. So lots and lots of trading opportunities this way. It’s been absolutely fantastic. Just like this weather behind. Do other things than trade And that’s what we’re about. We’re about doing other things. If you like getting outside of whatever it is you like to do sport, family, music, enjoy the outside, whatever it is you want to do, make trading part of your life, not the other way round. And that’s what the results and the small amount of time that we actually sit looking at charts allows us to go and do those other things. So if you’re out there looking for a system, a strategy is well proven, has low risk, high reward to risk trade outcomes. An amazing community of traders as well, by the way, that’s also not to be underestimated and vitally important to your trading journey as well, just to be surrounded by other people or trading the same thing at the same time, all the helping each other, right? Blueberry Markets So if you’re out there looking for a broker, have a look at blueberry market. So I can highly recommend them. They’re a great bunch of people. They have the MT4/MT5 platform. Lots of different options on the MT5 lots of more minor and exotic forex pairs as well as indices, metals, commodities, cryptos as well. I’ll put a link to them here. On demand Masterclass I’ll also put a link to our one hour masterclass. It’s an on demand masterclass. You can jump on there any time you like to find out more about how we trade and how we can help you. This is Andrew Mitchem at the Forex Trading Coach. Don’t forget to like and subscribe if you’re watching YouTube and have a great week and I’ll talk to you this time next week. Bye for now. Episode Title: #512: When All You Want is Results Signup For my Forex Masterclass Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course

<h1>When All You Want is Results</h1> ﻿﻿﻿﻿ <h3>Podcast:</h3> <h4><a href="https://theforextradingcoach.com/forex-training-masterclass/" rel="noopener nofollow" target="_blank">Signup For my Forex Masterclass</a></h4> <h4><a href="https://bit.ly/3sK8pKU" rel="noopener nofollow" target="_blank">Find out more about Blueberry Markets – Click Here</a></h4> <h4><a href="https://theforextradingcoach.com/online_video_coaching_forex_course.html" rel="noopener nofollow" target="_blank">Find out more about my Online Video Forex Course</a></h4> <h3>#512: When All You Want is Results</h3> In this video: 00:31 – Another great trading week  01:06 – Trading on a prop firm 01:31 – Here’s how we can help you gain consistency and results  03:04 – It’s a no-brainer  04:14 – Do other things than trade 04:54 – Blueberry Markets 05:14 – On demand Masterclass As a trader. At the end of the day, all you really want is good results, consistent results, low drawdowns, and we can provide that for you. Let me share with you how we’ve done that for our clients this week. Let’s get into it right now. Hey, traders. Andrew Mitchem here at the Forex Trading Coach. With video and podcast, number 512. Another great trading week  We’ve had a yet another fantastic trading week. And as I mentioned at the beginning, as a trader, ultimately the thing that you want more than anything is results. You want consistent results. You want to know how to trade properly. You don’t want to be spending lots and lots of time your charts and you want low drawdown. You see, that’s absolute key. All in good. Someone saying, I’ve made 50% in a six months, but if they risk, you know, crazy amounts in their drawdown, it’s been 50% then not particularly great. What you want to have is low drawdown with high reward to risk trades. Trading on a prop firm If you’ve got any interest at all in prop firms, that’s exactly what they want. And you will see that if you’ve tried on a prop firm and failed is probably because your drawdown has been too excessive and you’ve they’ve stopped their contact because of your over trading or too big a risk which has led to, you know, you breaching the five or 6% threshold that most of them have. Here’s how we can help you gain consistency and results  So what can we help you with? Well, we can help you gain that consistency and those results. And and we know we can do that because we’re doing that for ourselves when we’re doing that for our clients. And we’ve been doing that for over 14 years here at the Forex Trading Coach. And we’ve got clients in 103 countries. And look, this just works out this week. It’s been a classic example. We have taken 16 daily chart trades this week, been posted on a membership site with exact currency pairs, the directions, the reasons for the trade, plus the exact entry and exit levels, all of which are taught in the course anyway. But just on the daily chart trades alone 16 trades five Weekly chart trades. This week. So all of that combined would literally take you less than one hour to place out breakout strategy that we look at once a week, which again literally takes 2 minutes once a week. That’s made another one and a half percent this week. It made one and a half percent last week as well. On top of that, we’ve taken quite a number of trades on our forums site this week that either ourselves and clients are posted predominantly the longer time frames this week, just the nature of the market and we’ve had a few charts posted on 30 minutes and 1 hours, but most of the trades have been posted on 12 hours and 6 hour charts. This week has some an amazing results on the 12 hour charts in particular. And again, that requires you to look at your computer once, maybe twice, or at your charts once or twice a day. And one of those times is actually the exact same time that the daily charts are posted. So, you know, it’s just an absolute no brainer, really. It’s a no-brainer  If you want to be able to trade consistently with low drawdowns that know what you’re doing, to know when to look at the charts, to know what timeframes to look at, to know what patterns to trade and when with the exact entry and exit levels to not worry about PIPS, because every trade that we take has low and equal risk. It doesn’t matter what the pair, the direction, the size of the stop loss, the time frame chart and other that matters. Every trade has equal low risk, but they have high reward to risk outcomes. So if you get a trade making, let’s say a 3 to 1 reward the risk and you make, let’s say a 1% per trade, that’s too much. But let’s say for for mathematic sake, you make 3% on one trade and you lose on another one, you lose 1%, you still net 2% up, yet you’ve lost 50% of the time. So knowing exactly what to do, when to do it had to end to how to exit, whether you should exit early or not. All those sort of things we can help you with and again, we do that every single week. On my live webinar yesterday, I took trades live on the three hour, the four hour and the 12 hour charts. So lots and lots of trading opportunities this way. It’s been absolutely fantastic. Just like this weather behind. Do other things than trade And that’s what we’re about. We’re about doing other things. If you like getting outside of whatever it is you like to do sport, family, music, enjoy the outside, whatever it is you want to do, make trading part of your life, not the other way round. And that’s what the results and the small amount of time that we actually sit looking at charts allows us to go and do those other things. So if you’re out there looking for a system, a strategy is well proven, has low risk, high reward to risk trade outcomes. An amazing community of traders as well, by the way, that’s also not to be underestimated and vitally important to your trading journey as well, just to be surrounded by other people or trading the same thing at the same time, all the helping each other, right? Blueberry Markets So if you’re out there looking for a broker, have a look at blueberry market. So I can highly recommend them. They’re a great bunch of people. They have the MT4/MT5 platform. Lots of different options on the MT5 lots of more minor and exotic forex pairs as well as indices, metals, commodities, cryptos as well. I’ll put a link to them here. On demand Masterclass I’ll also put a link to our one hour masterclass. It’s an on demand masterclass. You can jump on there any time you like to find out more about how we trade and how we can help you. This is Andrew Mitchem at the Forex Trading Coach. Don’t forget to like and subscribe if you’re watching YouTube and have a great week and I’ll talk to you this time next week. Bye for now. <h2>Episode Title: #512: When All You Want is Results</h2> <h4><a href="https://theforextradingcoach.com/forex-training-masterclass/" rel="noopener nofollow" target="_blank">Signup For my Forex Masterclass</a></h4> <h4><a href="https://bit.ly/3sK8pKU" rel="noopener nofollow" target="_blank">Find out more about Blueberry Markets – Click Here</a></h4> <h4><a href="https://theforextradingcoach.com/online_video_coaching_forex_course.html" rel="noopener nofollow" target="_blank">Find out more about </a>my Online Video Forex Course</h4>

#512: When All You Want is Results

Has Your Income Exceeded the Rise in the Cost of Living? ﻿﻿﻿ Podcast:   Signup For my Forex Masterclass Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Find out more about FX2Funding #511: Has Your Income Exceeded the Rise in the Cost of Living? In this video: 00:28 – Inflation is out of control  01:19 – What has happened to your income in the last 12 months? 01:55 – What are you doing to help yourself?  02:52 – Nothing beats trading the Forex market  04:50 – A link to FX2Funding 05:30 – Client makes +26.33% in 1 month 06:23 – Blueberry Markets 06:50 – Consider trading now Has your increase in your income in the last 12 months kept up with or exceeded the rate of inflation where you live? Let’s talk about that and more. Right now. Hey there, traders. Is Andrew Mitchem here, the owner of the Forex Trading Coach with video and podcast number 511. Inflation is out of control  So today I want to talk about inflation. I’ve talked about it in the past and here we are now, many months later, with inflation still continuing to spiral right around the world. All around the world, it doesn’t matter what country you live in. Inflation is getting higher and higher. The cost of living is going up and up. The cost of your food, the cost of travel, the cost of everything is getting out of control. And it doesn’t look like it’s going to stop any time soon. Add on to that the increase in interest rates, which we’ll continue to see right around the world, despite many months ago, a lot of the experts saying they were going to stop and peak and then potentially fall. That’s not happened. Interest rates continue to go up. So anybody with any form of loan, mortgage debt, it’s just getting harder and harder and harder to pay that. What has happened to your income in the last 12 months? So my question to you today is this. “What has happened to your income in the last 12 months?” “Has it gone up by the rate of inflation?” or “Has it gone up more?” because it should have at least gone up by that rate. Ideally, more than that rate for your country, because if it hasn’t, you’ve gone backwards in the last 12 months of working hard. And that’s quite a scary thought for people. So how do you think about that and answer that for you and your situation. What are you doing to help yourself?  Also, what are you doing about that? If your income has not exceeded inflation and interest rate and your general cost of living increase in the last 12 months? What are you doing about that? Because unfortunately, so many people procrastinate. They look around, they think they’re going to do something. They have all these wonderful ideas. They hear something like this and they go, Yeah, I’m going to do something. Six months later. Guess what? They’ve done absolutely nothing. Why? Because it’s a little bit harder to go and make a decision, a little bit harder to go and do something. It’s easier to sit on the couch and watch rubbish on Netflix or something like that. And so that becomes the issue. People need to actually get a kick up the bum and be motivated in inflation and interest rates continuing to climb. And probably incomes not really ought to give you that kick that you need. So what are you going to do about that today, right now? Nothing beats trading the Forex market Now, from my point of view, I know of nothing better than the forex market and trading to actually help to overcome this situation and to improve things for you because it has very low risk, it has very low cost of entry. You think about, let’s say, going off to university and getting yourself a degree in three, four, five, six, seven, eight years, depending on what you’re doing and, you know, and coming out with massive debt. And then you still need to go and get yourself a job and claw your way and debt and then still be an almost slave to the system because you still have a job. Now, it potentially could be a higher earning job than many others. Yes, granted. But you still come out of that. Lots of time down, lots of debts, most likely. Forex allows you to get into the market with a very small entry fee, very small short window of time as well. But you need to get into it when your number one objective is not to make money or have to make money from day one. That is not the way to succeed in trading. You have to give yourself time to learn, to experiment, to have gained some fails and to go through the natural system. Now we can certainly help shortcut that at the Forex Trading Coach with our proven method of teaching and our proven strategy. But even so, when people come on board and they go, Andrew, I want to be a prop firm trader. Wow, fantastic but stop. Doesn’t matter how much trading experience you have, even if you come on board with us, I suggest that you have at least six months before you even consider prop firms. Now prop firms are fantastic. They really are. They’re a game changer. But give yourselves a few months to learn a new system and a strategy on demo to be profitable on that demo. Then start with a small personal live account and have a couple of months at least to be profitable on that. And then consider prop firms. A link to FX2Funding When you consider prop firms, I’m going to put a link here to FX2Funding who I’ve had something to do with over the last year. I think they’re really good option for us in prop firm tradings companies because they have listened to what I’ve asked them. They have said there’s no limit on the minimum and certainly no limit on the maximum number of days it’s going to take you to pass each challenge. And that’s massively important. And so have a look at them again. I’ll put a link to them here, but do not consider wasting your money on a prop firm unless you are first profitable and completely comfortable with your trading strategy. Now, I’ve received an email here from a client of ours who joined back in May we’re now mid-July. This lady who’s based in Auckland here in New Zealand, said I started trading on the 16th of June. I went through and learned for a month as of today. So this was sent to me on the 17th of July. Client makes +26.33% in 1 month It’s exactly one full month and now I’m up 26.33%. So a big thank you to TFTC, The Forex Trading Coach. That’s from a lady called Ming who lives in Auckland in one month, 26.33%. Now, I’m not out there saying everybody’s going to make 26.33% in a month. Certainly not. I don’t do that. But it just shows what can be achieved now. I don’t know the risk that Ming’s is taken to get to those levels when it comes to prop firms really low risk is crucial, as is high reward to risk. Blueberry Markets If you’re out there looking for a forex broker, I can highly recommend blueberry markets. I put a link to them as well. Next, this video and podcast, Blueberry markets. You can trade them through them despite where you live anyway, that you live in the world. Apart from a few countries, including the US. But they offer the MT4/MT5 trading platform. Great bunch of people, awesome spreads, big range of markets available as well. Consider trading now So I have a think about your job, your career, your income. Right now. Consider trading. Consider trading now because you don’t want to be in that position where you get into trading with that terrible mindset of I have to make money right now. That is not how you going to succeed as a trader. Give yourself at least six months, do well, prove yourself. You understand the strategy and you’re confident in yourself. You’ve made money on demo and small live. Then look at prop firms. Then you everything changes. Hope that helps. This is Andrew Mitchem here at the Forex Trading Coach. I see this time next week by for now. Episode Title: #511: Has Your Income Exceeded the Rise in the Cost of Living? Signup For my Forex Masterclass Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Find out more about FX2Funding

<h1>Has Your Income Exceeded the Rise in the Cost of Living?</h1> ﻿﻿﻿ <h3>Podcast:</h3> <h4><a href="https://theforextradingcoach.com/forex-training-masterclass/" rel="noopener nofollow" target="_blank">Signup For my Forex Masterclass</a></h4> <h4><a href="https://bit.ly/3sK8pKU" rel="noopener nofollow" target="_blank">Find out more about Blueberry Markets – Click Here</a></h4> <h4><a href="https://theforextradingcoach.com/online_video_coaching_forex_course.html" rel="noopener nofollow" target="_blank">Find out more about my Online Video Forex Course</a></h4> <h4><a href="https://bit.ly/3K9lOWU" rel="noopener nofollow" target="_blank">Find out more about FX2Funding</a></h4> <h3>#511: Has Your Income Exceeded the Rise in the Cost of Living?</h3> In this video: 00:28 – Inflation is out of control  01:19 – What has happened to your income in the last 12 months? 01:55 – What are you doing to help yourself?  02:52 – Nothing beats trading the Forex market  04:50 – A link to FX2Funding 05:30 – Client makes +26.33% in 1 month 06:23 – Blueberry Markets 06:50 – Consider trading now Has your increase in your income in the last 12 months kept up with or exceeded the rate of inflation where you live? Let’s talk about that and more. Right now. Hey there, traders. Is Andrew Mitchem here, the owner of the Forex Trading Coach with video and podcast number 511. Inflation is out of control  So today I want to talk about inflation. I’ve talked about it in the past and here we are now, many months later, with inflation still continuing to spiral right around the world. All around the world, it doesn’t matter what country you live in. Inflation is getting higher and higher. The cost of living is going up and up. The cost of your food, the cost of travel, the cost of everything is getting out of control. And it doesn’t look like it’s going to stop any time soon. Add on to that the increase in interest rates, which we’ll continue to see right around the world, despite many months ago, a lot of the experts saying they were going to stop and peak and then potentially fall. That’s not happened. Interest rates continue to go up. So anybody with any form of loan, mortgage debt, it’s just getting harder and harder and harder to pay that. What has happened to your income in the last 12 months? So my question to you today is this. “What has happened to your income in the last 12 months?” “Has it gone up by the rate of inflation?” or “Has it gone up more?” because it should have at least gone up by that rate. Ideally, more than that rate for your country, because if it hasn’t, you’ve gone backwards in the last 12 months of working hard. And that’s quite a scary thought for people. So how do you think about that and answer that for you and your situation. What are you doing to help yourself?  Also, what are you doing about that? If your income has not exceeded inflation and interest rate and your general cost of living increase in the last 12 months? What are you doing about that? Because unfortunately, so many people procrastinate. They look around, they think they’re going to do something. They have all these wonderful ideas. They hear something like this and they go, Yeah, I’m going to do something. Six months later. Guess what? They’ve done absolutely nothing. Why? Because it’s a little bit harder to go and make a decision, a little bit harder to go and do something. It’s easier to sit on the couch and watch rubbish on Netflix or something like that. And so that becomes the issue. People need to actually get a kick up the bum and be motivated in inflation and interest rates continuing to climb. And probably incomes not really ought to give you that kick that you need. So what are you going to do about that today, right now? Nothing beats trading the Forex market Now, from my point of view, I know of nothing better than the forex market and trading to actually help to overcome this situation and to improve things for you because it has very low risk, it has very low cost of entry. You think about, let’s say, going off to university and getting yourself a degree in three, four, five, six, seven, eight years, depending on what you’re doing and, you know, and coming out with massive debt. And then you still need to go and get yourself a job and claw your way and debt and then still be an almost slave to the system because you still have a job. Now, it potentially could be a higher earning job than many others. Yes, granted. But you still come out of that. Lots of time down, lots of debts, most likely. Forex allows you to get into the market with a very small entry fee, very small short window of time as well. But you need to get into it when your number one objective is not to make money or have to make money from day one. That is not the way to succeed in trading. You have to give yourself time to learn, to experiment, to have gained some fails and to go through the natural system. Now we can certainly help shortcut that at the Forex Trading Coach with our proven method of teaching and our proven strategy. But even so, when people come on board and they go, Andrew, I want to be a prop firm trader. Wow, fantastic but stop. Doesn’t matter how much trading experience you have, even if you come on board with us, I suggest that you have at least six months before you even consider prop firms. Now prop firms are fantastic. They really are. They’re a game changer. But give yourselves a few months to learn a new system and a strategy on demo to be profitable on that demo. Then start with a small personal live account and have a couple of months at least to be profitable on that. And then consider prop firms. A link to FX2Funding When you consider prop firms, I’m going to put a link here to FX2Funding who I’ve had something to do with over the last year. I think they’re really good option for us in prop firm tradings companies because they have listened to what I’ve asked them. They have said there’s no limit on the minimum and certainly no limit on the maximum number of days it’s going to take you to pass each challenge. And that’s massively important. And so have a look at them again. I’ll put a link to them here, but do not consider wasting your money on a prop firm unless you are first profitable and completely comfortable with your trading strategy. Now, I’ve received an email here from a client of ours who joined back in May we’re now mid-July. This lady who’s based in Auckland here in New Zealand, said I started trading on the 16th of June. I went through and learned for a month as of today. So this was sent to me on the 17th of July. Client makes +26.33% in 1 month It’s exactly one full month and now I’m up 26.33%. So a big thank you to TFTC, The Forex Trading Coach. That’s from a lady called Ming who lives in Auckland in one month, 26.33%. Now, I’m not out there saying everybody’s going to make 26.33% in a month. Certainly not. I don’t do that. But it just shows what can be achieved now. I don’t know the risk that Ming’s is taken to get to those levels when it comes to prop firms really low risk is crucial, as is high reward to risk. Blueberry Markets If you’re out there looking for a forex broker, I can highly recommend blueberry markets. I put a link to them as well. Next, this video and podcast, Blueberry markets. You can trade them through them despite where you live anyway, that you live in the world. Apart from a few countries, including the US. But they offer the MT4/MT5 trading platform. Great bunch of people, awesome spreads, big range of markets available as well. Consider trading now So I have a think about your job, your career, your income. Right now. Consider trading. Consider trading now because you don’t want to be in that position where you get into trading with that terrible mindset of I have to make money right now. That is not how you going to succeed as a trader. Give yourself at least six months, do well, prove yourself. You understand the strategy and you’re confident in yourself. You’ve made money on demo and small live. Then look at prop firms. Then you everything changes. Hope that helps. This is Andrew Mitchem here at the Forex Trading Coach. I see this time next week by for now. <h2>Episode Title: #511: Has Your Income Exceeded the Rise in the Cost of Living?</h2> <h4><a href="https://theforextradingcoach.com/forex-training-masterclass/" rel="noopener nofollow" target="_blank">Signup For my Forex Masterclass</a></h4> <h4><a href="https://bit.ly/3sK8pKU" rel="noopener nofollow" target="_blank">Find out more about Blueberry Markets – Click Here</a></h4> <h4><a href="https://theforextradingcoach.com/online_video_coaching_forex_course.html" rel="noopener nofollow" target="_blank">Find out more about </a>my Online Video Forex Course</h4> <h4><a href="https://bit.ly/3K9lOWU" rel="noopener nofollow" target="_blank">Find out more about FX2Funding</a></h4>

#511: Has Your Income Exceeded the Rise in the Cost of Living?

Has the US Dollar Crashed? ﻿﻿ Podcast:   Signup For my Forex Masterclass Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course #510: Has the US Dollar Crashed? In this video: 00:24 – The recent US Dollar crash 01:08 – What’s caused the weakness in the USD? 02:11 – We analyse the Weekly and Daily Strength &amp; Weakness 03:45 – What to do when a trade sets up against the trend?  04:24 – Did you profit from the recent USD move 04:54 – Trading with Blueberry Markets Has the US dollar crashed? Did you take advantage of it? And will that trend continue? Let’s talk about that and more right now at. Hey there, traders. It’s Andrew Mitchem here at the Forex Trading Coach video and podcast number 510 today. The recent US Dollar crash I want to talk all about the recent crash that we have seen in the US dollar. I hope you’ve taken advantage of it and you’ve seen plenty of good trading opportunities. You have a look at the US Dollar Swiss franc chart, for example. Right now as I’m recording this on the 14th of July 2023, the US dollar right now is at a level we’ve not seen for eight years back in 2015. Go and have a look at the charts. It’s just crashed. The US Swiss franc has absolutely crashed against other currencies. The US is also looking weak. Some of them are rates, highs or lows depending on which currency for the year. Some are now at levels not seen for several years as well. What’s caused the weakness in the USD? So what’s caused that? Well, as traders, to be perfectly honest with you, we don’t really need to worry about what’s caused it because there’s probably a multiple number of factors there that have caused that US dollar weakness. However, the important thing, especially as technical traders, is that we see this happening all out charts and we take advantage of these moves and the big trends because that’s how you can trade with the main trend. If you see this continued US dollar weakness and you see other currencies looking particularly strong, then you start to bring in and start to bring in the strength and weakness analysis that we look at to help us to trade on the right side of the market. Of course, we’re still looking for the right technical setups in candle patterns and what part of the chart the candle has closed in, etc. like that? Do we have room to move to our profit target? Have we got some form of stop loss protection or round number for our stop loss to help ourselves out there and to increase our probability of a successful trade. We analyse the Weekly and Daily Strength &amp; Weakness But also at the Forex Trading Coach on a weekly basis, we look at and analyze the weekly charts and we post for our clients each week. Every Monday morning, the likely strength and weakness directions on the bigger picture weekly charts on a daily basis. Each day we do exactly the same based off the daily chart. We look through the daily charts and we look at which currencies are looking particularly strong or particularly weak. And then we also mention which currency pairs are likely to move in which direction for that particular day. Does that mean that every time if we say the US Swiss francs looking for sell opportunities, is this going to fall? No, it doesn’t. But what it does do is it gives us the bigger picture. If we have, let’s say, weakness on the US Swiss franc on the weekly chart and in on a particular day you see US Swiss franc weakness. You then look for particularly for sell trades. So if you see bearish candles in the right part of the chart on any time frame, what that means that you are trading with the more immediate candle direction looking like it’s heading down on a daily basis, it looks like it’s weak on a weekly basis. There’s weakness in that pair. It stands to reason and adds to your probability that with the right pattern in the right part of the chart and with that more daily and longer term direction, you really are putting all these factors in your favor of a successful trade outcome. What to do when a trade sets up against the trend?  Flipside of that, what it also does is if you were to see, let’s say, a bullish pattern on the US Swiss franc, it means that potentially you’re going to do one or two things. You might say either one, I’m just not taking the trade altogether or two, I might take it, but at a reduced risk on that particular trade. And the choice is yours really when it comes to that, because it means you might be buying on a short term pullback, but knowing that the main direction is down. So by helping teach our clients how to look for that weekly and daily likely direction, it helps us to remain on the right side of the of the trends more often than not. And that’s a massive help for our trading. What to do when a trade sets up against the trend?  So my question to you is, have you over the last week or two taken advantage of that US dollar weakness on your charts? If you haven’t you got to ask yourself why not? Because if you go and have a look at your charts, especially that US Swiss franc as a really good example, you really should have taken advantage of that massive weakness in the US dollar. If you haven’t, you need our help and we can certainly help to to get you educated so you know what you’re looking for and you can take advantage of those movements. Trading with Blueberry Markets If you’re out there looking for a good forex broker can highly recommend blueberry markets. I’ve mentioned them on all my weekly videos and my podcast because they are so good. We have thousands of clients who now use blueberry. They are wonderful broker, they base over in Australia. You can open an account with them in pretty much every country apart from a few. And if you’re in the US then unfortunately you cannot trade through them. But for everybody else, have a look at blueberry markets. They’re a fantastic broker. They offer the MT4/MT5 platform, a massive range of markets to look at and really good people and very tight spreads. I’ll put a link to them here on this post and podcast. If you have any questions about today’s topic, please send me an email. Andrew@theforextradingcoach.com or if you’re on YouTube like and subscribe or leave a comment below and I’ll see you this time next week. Bye for now Episode Title: #510: Has the US Dollar Crashed? Signup For my Forex Masterclass Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course

<h1>Has the US Dollar Crashed?</h1> ﻿﻿ <h3>Podcast:</h3> <h4><a href="https://theforextradingcoach.com/forex-training-masterclass/" rel="noopener nofollow" target="_blank">Signup For my Forex Masterclass</a></h4> <h4><a href="https://bit.ly/3sK8pKU" rel="noopener nofollow" target="_blank">Find out more about Blueberry Markets – Click Here</a></h4> <h4><a href="https://theforextradingcoach.com/online_video_coaching_forex_course.html" rel="noopener nofollow" target="_blank">Find out more about my Online Video Forex Course</a></h4> <h3>#510: Has the US Dollar Crashed?</h3> In this video: 00:24 – The recent US Dollar crash 01:08 – What’s caused the weakness in the USD? 02:11 – We analyse the Weekly and Daily Strength &amp; Weakness 03:45 – What to do when a trade sets up against the trend?  04:24 – Did you profit from the recent USD move 04:54 – Trading with Blueberry Markets Has the US dollar crashed? Did you take advantage of it? And will that trend continue? Let’s talk about that and more right now at. Hey there, traders. It’s Andrew Mitchem here at the Forex Trading Coach video and podcast number 510 today. The recent US Dollar crash I want to talk all about the recent crash that we have seen in the US dollar. I hope you’ve taken advantage of it and you’ve seen plenty of good trading opportunities. You have a look at the US Dollar Swiss franc chart, for example. Right now as I’m recording this on the 14th of July 2023, the US dollar right now is at a level we’ve not seen for eight years back in 2015. Go and have a look at the charts. It’s just crashed. The US Swiss franc has absolutely crashed against other currencies. The US is also looking weak. Some of them are rates, highs or lows depending on which currency for the year. Some are now at levels not seen for several years as well. What’s caused the weakness in the USD? So what’s caused that? Well, as traders, to be perfectly honest with you, we don’t really need to worry about what’s caused it because there’s probably a multiple number of factors there that have caused that US dollar weakness. However, the important thing, especially as technical traders, is that we see this happening all out charts and we take advantage of these moves and the big trends because that’s how you can trade with the main trend. If you see this continued US dollar weakness and you see other currencies looking particularly strong, then you start to bring in and start to bring in the strength and weakness analysis that we look at to help us to trade on the right side of the market. Of course, we’re still looking for the right technical setups in candle patterns and what part of the chart the candle has closed in, etc. like that? Do we have room to move to our profit target? Have we got some form of stop loss protection or round number for our stop loss to help ourselves out there and to increase our probability of a successful trade. We analyse the Weekly and Daily Strength &amp; Weakness But also at the Forex Trading Coach on a weekly basis, we look at and analyze the weekly charts and we post for our clients each week. Every Monday morning, the likely strength and weakness directions on the bigger picture weekly charts on a daily basis. Each day we do exactly the same based off the daily chart. We look through the daily charts and we look at which currencies are looking particularly strong or particularly weak. And then we also mention which currency pairs are likely to move in which direction for that particular day. Does that mean that every time if we say the US Swiss francs looking for sell opportunities, is this going to fall? No, it doesn’t. But what it does do is it gives us the bigger picture. If we have, let’s say, weakness on the US Swiss franc on the weekly chart and in on a particular day you see US Swiss franc weakness. You then look for particularly for sell trades. So if you see bearish candles in the right part of the chart on any time frame, what that means that you are trading with the more immediate candle direction looking like it’s heading down on a daily basis, it looks like it’s weak on a weekly basis. There’s weakness in that pair. It stands to reason and adds to your probability that with the right pattern in the right part of the chart and with that more daily and longer term direction, you really are putting all these factors in your favor of a successful trade outcome. What to do when a trade sets up against the trend?  Flipside of that, what it also does is if you were to see, let’s say, a bullish pattern on the US Swiss franc, it means that potentially you’re going to do one or two things. You might say either one, I’m just not taking the trade altogether or two, I might take it, but at a reduced risk on that particular trade. And the choice is yours really when it comes to that, because it means you might be buying on a short term pullback, but knowing that the main direction is down. So by helping teach our clients how to look for that weekly and daily likely direction, it helps us to remain on the right side of the of the trends more often than not. And that’s a massive help for our trading. What to do when a trade sets up against the trend?  So my question to you is, have you over the last week or two taken advantage of that US dollar weakness on your charts? If you haven’t you got to ask yourself why not? Because if you go and have a look at your charts, especially that US Swiss franc as a really good example, you really should have taken advantage of that massive weakness in the US dollar. If you haven’t, you need our help and we can certainly help to to get you educated so you know what you’re looking for and you can take advantage of those movements. Trading with Blueberry Markets If you’re out there looking for a good forex broker can highly recommend blueberry markets. I’ve mentioned them on all my weekly videos and my podcast because they are so good. We have thousands of clients who now use blueberry. They are wonderful broker, they base over in Australia. You can open an account with them in pretty much every country apart from a few. And if you’re in the US then unfortunately you cannot trade through them. But for everybody else, have a look at blueberry markets. They’re a fantastic broker. They offer the MT4/MT5 platform, a massive range of markets to look at and really good people and very tight spreads. I’ll put a link to them here on this post and podcast. If you have any questions about today’s topic, please send me an email. Andrew@theforextradingcoach.com or if you’re on YouTube like and subscribe or leave a comment below and I’ll see you this time next week. Bye for now <h2>Episode Title: #510: Has the US Dollar Crashed?</h2> <h4><a href="https://theforextradingcoach.com/forex-training-masterclass/" rel="noopener nofollow" target="_blank">Signup For my Forex Masterclass</a></h4> <h4><a href="https://bit.ly/3sK8pKU" rel="noopener nofollow" target="_blank">Find out more about Blueberry Markets – Click Here</a></h4> <h4><a href="https://theforextradingcoach.com/online_video_coaching_forex_course.html" rel="noopener nofollow" target="_blank">Find out more about </a>my Online Video Forex Course</h4>

#510: Has the US Dollar Crashed?

My Typical Trading Day as a Full Time Forex Trader ﻿ Podcast:   Signup For my Forex Masterclass Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course #509: My Typical Trading Day as a Full Time Forex Trader In this video: 00:33 – How I start my trading day 01:06 – H6 trade on the USD/SEK hits the profit target 03:19 – 4 trades on the Daily charts for the day 05:19 – Trades taken live on the clients webinar  06:23 – 4 more Daily chart trades for Friday 07:29 – Trading a maximum of 30 minutes of chart time a day What is a typical trading day look like for me? Well, today I’m going to take you on a journey and share with you all the trades I’m taking and everything that I’m doing in the day. Typical trading day. Let’s get into that and more right now. Hey, traders, Andrew Mitchem here at The Forex Trading Coach with video and podcast number 509. How I start my trading day I want to share with you today a typical trading day. So first of all, I’ve just got up in the morning, have a look at my charts here and seen some green lights, which is always a bonus. I’m going to try and turn my camera around. So if you’re listening on the podcast, I apologize. This is going to be a little bit kind of bitty but I’m going to use this. So if you’re watching on YouTube or my website in the video, you’re going to get a lot better experience on today’s video. So it’s now half pass seven. Today’s Thursday the 13th of July 2023. H6 trade on the USD/SEK hits the profit target Just woken up and a US/Swedish Krona trade that I took on Monday has just hit the profit on the six hour chart. Turn the camera and chill and show you that trade. And also I took four trades last night, my time on the 12 hour charts at the 5 a.m. Eastern Standard Time and change over. And all four of those trades are in right now and they’re looking really good and in some profit. So let me turn the camera around and I share those with you right now. Okay. So I hope you can see that I’m not them. So I post the trade here on the US Swedish krona on AM on Monday, and the trades now go on a profit. You can see down the bottom there you can see the trade has hit the profit target nicely in that happened earlier this morning. Great thing was I wasn’t even watching the charts when that happened. Okay, We’re now on to the 12 hour chart. So this is the US Singapore dollar, which if you have a look, hopefully focuses there we go down then you can see the trades. Where are we in the corner there. I’ve got the pound. Australian, the US, Chinese, US, Singapore and the US say that we can and I can turn my camera around. You can see in here right now those trades all going very nicely. They were taken on the 12 hour charts for them. They mentioned on our forum site and again it’s the power of the forum site that we have here. There’s the US/Chinese is going really well. So for trades on the US/South African here and you can see those trades in there, great retracements 2 buy trades in there. And the last one was the Pound/Australian, which I will scroll across to and find for you that is in here and there’s the Pound/Australian. So that’s a quick summary of the trades that I’ve got open and have taken overnight my time. Next thing I’m going to do in about an hour and a bit from there I’m going to start scanning through the daily charts, which will be the 5 p.m. Eastern Standard Time, New York Time, close day charts takes me back 10, maybe 15 minutes to scan through those charts and see what trades I’m taking for today on the daily charts. I’ll also look through the 12, eight and six hour chart, so I’ll come back to you shortly. 4 trades on the Daily charts for the day Okay. Got a bit of an update for you. I’ve just taken four trades based off the daily charts and also I need to let you know that today is Thursday, the 6th of July. I think at the beginning of the session I said it was the 13th. I’m a week ahead of myself. It’s actually Thursday, the 6th of July 2023 today. So just taking four trades based off the daily charts, I’ve just taken them here now live. It literally took me 10 minutes to scan through all the daily charts today and then about another 5 minutes I went through the 12 hours, eight hour and six hour charts as well. I’ve taken the four trades based off the daily charts. I put them on our membership site and place them here on my live account behind me. I have taken a buy trade on the Pound/Australian sell trade on the Australian/US dollar, a sell trade on Gold/US dollar and a buy trade on the US/Singapore dollar that’s been placed behind me here, all with a half per cent risk. So in other words, a total of 2% risk on my account if all four trades get filled, and if all four get stopped, that maximum I can lose is is 2%, but the trades have around about between a 2 and a 3 to 1 reward to risks a very good upside potential on their going to do absolutely no looking at my chance whatsoever until later tonight my time I’m holding a live webinar for my clients 7 to 9 p.m.. My time, that’s 3 to 5 a.m. Eastern Standard Time because it’s a European Session webinar and I’ll come back to you at the end of that webinar and I’ll see what trades we’ve taken during that live webinar with my clients and at the changeover at the 5 a.m. Eastern Standard Time, we’ll be looking through the one out of the two, the three the for the six and the 12 hour chart. So I’m hoping on that session, on that live webinar, it’s not my time with my clients. We’ll get several trades and I’ll update you. Come back here. Once we finished that session. So no more trading for me now for the whole rest of the day frees me up to go and do what I want today. I’ll talk to you later. Trades taken live on the clients webinar  Okay. So I just finished my live to our webinar with my clients, which we hold each week, one week in the European session, the following week in the US session. This was a European session webinar, had some really successful trades. The US/South African Rand 12 hour chart trade that I showed you earlier has now just hit the profit target. And on the webinar live of taken a Euro/US one our a Euro/Yen one hour chart trade a sell trade on the US/Thai Baht. Quite an unusual pattern the three hour chart and we’ve just taken a buy trade on Etherium on the 12 hour as well just going to turn the camera around that and show you that the US/South African Rand trade okay so you. Can see the US South African rand there and you can see that they have hit the profit target and there is the trade. So it went really well. And we’ve got a as mentioned, the Euro/Yen going along nicely on the one hour chart. And I’ve also taken the Etherium trade on a 12 hour chart. Let’s see how those go and I’ll update you tomorrow morning. My time. 4 more Daily chart trades for Friday Hey there back again, it’s now Friday morning here in New Zealand and we had a fantastic webinar yesterday and nice to see also the US/Singapore dollar trade that I shared with you yesterday on the 12 hour chart, one of those trades with stopped out the other one, the profit for about a 3 to 1 reward risk. And today being Friday, I’ve just taken four daily chart trades today and I’ve taken a sell trade on the Silver/Euro. I’ve taken a sell trade on the New Zealand/Swiss franc. I’ve taken a buy trade on the Euro/New Zealand and I’ve taken a buy trade on the Euro/Singapore dollar. So a couple more minor pairs there again tonight just the way that the market is So and it is also Friday or later today it’s Friday us time the monthly non-farm payroll non-farm employment changes it’s called these days jobs announcements monthly jobs news. So I’ve been looking at closing out most of my trades prior to that. I’ll keep the weekly and monthly open, but everything else, I’ll be closing prior to that. Trading a maximum of 30 minutes of chart time a day So I hope that gives you a really good understanding of how we trade off. Just traded, what, 10 minutes this morning and 10 minutes yesterday and a little bit longer on the webinar. But if it wasn’t for the webinar, it would be in about 10 or 15 minutes last night. And that’s my trading day is a full time trade and that’s all you need to do to be able to trade properly the mindset the people have. They think they have to trade all the time. Staring at the charts all day long is completely incorrect. And I’ve just taken those four trades yesterday on the dailies. A few at the 5 a.m. change over and again today, four on the day these again and that’s my trading done for the week. So I hope you’ve enjoyed this bit of an insight of how we trade and any questions you have. Please let me know. I’ll see you this time next week. This is Andrew Mitchem here at the Forex Trading Course. Bye for now Episode Title: #509: My Typical Trading Day as a Full Time Forex Trader Signup For my Forex Masterclass Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course

<h1>My Typical Trading Day as a Full Time Forex Trader</h1> ﻿ <h3>Podcast:</h3> <h4><a href="https://theforextradingcoach.com/forex-training-masterclass/" rel="noopener nofollow" target="_blank">Signup For my Forex Masterclass</a></h4> <h4><a href="https://bit.ly/3sK8pKU" rel="noopener nofollow" target="_blank">Find out more about Blueberry Markets – Click Here</a></h4> <h4><a href="https://theforextradingcoach.com/online_video_coaching_forex_course.html" rel="noopener nofollow" target="_blank">Find out more about my Online Video Forex Course</a></h4> <h3>#509: My Typical Trading Day as a Full Time Forex Trader</h3> In this video: 00:33 – How I start my trading day 01:06 – H6 trade on the USD/SEK hits the profit target 03:19 – 4 trades on the Daily charts for the day 05:19 – Trades taken live on the clients webinar  06:23 – 4 more Daily chart trades for Friday 07:29 – Trading a maximum of 30 minutes of chart time a day What is a typical trading day look like for me? Well, today I’m going to take you on a journey and share with you all the trades I’m taking and everything that I’m doing in the day. Typical trading day. Let’s get into that and more right now. Hey, traders, Andrew Mitchem here at The Forex Trading Coach with video and podcast number 509. How I start my trading day I want to share with you today a typical trading day. So first of all, I’ve just got up in the morning, have a look at my charts here and seen some green lights, which is always a bonus. I’m going to try and turn my camera around. So if you’re listening on the podcast, I apologize. This is going to be a little bit kind of bitty but I’m going to use this. So if you’re watching on YouTube or my website in the video, you’re going to get a lot better experience on today’s video. So it’s now half pass seven. Today’s Thursday the 13th of July 2023. H6 trade on the USD/SEK hits the profit target Just woken up and a US/Swedish Krona trade that I took on Monday has just hit the profit on the six hour chart. Turn the camera and chill and show you that trade. And also I took four trades last night, my time on the 12 hour charts at the 5 a.m. Eastern Standard Time and change over. And all four of those trades are in right now and they’re looking really good and in some profit. So let me turn the camera around and I share those with you right now. Okay. So I hope you can see that I’m not them. So I post the trade here on the US Swedish krona on AM on Monday, and the trades now go on a profit. You can see down the bottom there you can see the trade has hit the profit target nicely in that happened earlier this morning. Great thing was I wasn’t even watching the charts when that happened. Okay, We’re now on to the 12 hour chart. So this is the US Singapore dollar, which if you have a look, hopefully focuses there we go down then you can see the trades. Where are we in the corner there. I’ve got the pound. Australian, the US, Chinese, US, Singapore and the US say that we can and I can turn my camera around. You can see in here right now those trades all going very nicely. They were taken on the 12 hour charts for them. They mentioned on our forum site and again it’s the power of the forum site that we have here. There’s the US/Chinese is going really well. So for trades on the US/South African here and you can see those trades in there, great retracements 2 buy trades in there. And the last one was the Pound/Australian, which I will scroll across to and find for you that is in here and there’s the Pound/Australian. So that’s a quick summary of the trades that I’ve got open and have taken overnight my time. Next thing I’m going to do in about an hour and a bit from there I’m going to start scanning through the daily charts, which will be the 5 p.m. Eastern Standard Time, New York Time, close day charts takes me back 10, maybe 15 minutes to scan through those charts and see what trades I’m taking for today on the daily charts. I’ll also look through the 12, eight and six hour chart, so I’ll come back to you shortly. 4 trades on the Daily charts for the day Okay. Got a bit of an update for you. I’ve just taken four trades based off the daily charts and also I need to let you know that today is Thursday, the 6th of July. I think at the beginning of the session I said it was the 13th. I’m a week ahead of myself. It’s actually Thursday, the 6th of July 2023 today. So just taking four trades based off the daily charts, I’ve just taken them here now live. It literally took me 10 minutes to scan through all the daily charts today and then about another 5 minutes I went through the 12 hours, eight hour and six hour charts as well. I’ve taken the four trades based off the daily charts. I put them on our membership site and place them here on my live account behind me. I have taken a buy trade on the Pound/Australian sell trade on the Australian/US dollar, a sell trade on Gold/US dollar and a buy trade on the US/Singapore dollar that’s been placed behind me here, all with a half per cent risk. So in other words, a total of 2% risk on my account if all four trades get filled, and if all four get stopped, that maximum I can lose is is 2%, but the trades have around about between a 2 and a 3 to 1 reward to risks a very good upside potential on their going to do absolutely no looking at my chance whatsoever until later tonight my time I’m holding a live webinar for my clients 7 to 9 p.m.. My time, that’s 3 to 5 a.m. Eastern Standard Time because it’s a European Session webinar and I’ll come back to you at the end of that webinar and I’ll see what trades we’ve taken during that live webinar with my clients and at the changeover at the 5 a.m. Eastern Standard Time, we’ll be looking through the one out of the two, the three the for the six and the 12 hour chart. So I’m hoping on that session, on that live webinar, it’s not my time with my clients. We’ll get several trades and I’ll update you. Come back here. Once we finished that session. So no more trading for me now for the whole rest of the day frees me up to go and do what I want today. I’ll talk to you later. Trades taken live on the clients webinar  Okay. So I just finished my live to our webinar with my clients, which we hold each week, one week in the European session, the following week in the US session. This was a European session webinar, had some really successful trades. The US/South African Rand 12 hour chart trade that I showed you earlier has now just hit the profit target. And on the webinar live of taken a Euro/US one our a Euro/Yen one hour chart trade a sell trade on the US/Thai Baht. Quite an unusual pattern the three hour chart and we’ve just taken a buy trade on Etherium on the 12 hour as well just going to turn the camera around that and show you that the US/South African Rand trade okay so you. Can see the US South African rand there and you can see that they have hit the profit target and there is the trade. So it went really well. And we’ve got a as mentioned, the Euro/Yen going along nicely on the one hour chart. And I’ve also taken the Etherium trade on a 12 hour chart. Let’s see how those go and I’ll update you tomorrow morning. My time. 4 more Daily chart trades for Friday Hey there back again, it’s now Friday morning here in New Zealand and we had a fantastic webinar yesterday and nice to see also the US/Singapore dollar trade that I shared with you yesterday on the 12 hour chart, one of those trades with stopped out the other one, the profit for about a 3 to 1 reward risk. And today being Friday, I’ve just taken four daily chart trades today and I’ve taken a sell trade on the Silver/Euro. I’ve taken a sell trade on the New Zealand/Swiss franc. I’ve taken a buy trade on the Euro/New Zealand and I’ve taken a buy trade on the Euro/Singapore dollar. So a couple more minor pairs there again tonight just the way that the market is So and it is also Friday or later today it’s Friday us time the monthly non-farm payroll non-farm employment changes it’s called these days jobs announcements monthly jobs news. So I’ve been looking at closing out most of my trades prior to that. I’ll keep the weekly and monthly open, but everything else, I’ll be closing prior to that. Trading a maximum of 30 minutes of chart time a day So I hope that gives you a really good understanding of how we trade off. Just traded, what, 10 minutes this morning and 10 minutes yesterday and a little bit longer on the webinar. But if it wasn’t for the webinar, it would be in about 10 or 15 minutes last night. And that’s my trading day is a full time trade and that’s all you need to do to be able to trade properly the mindset the people have. They think they have to trade all the time. Staring at the charts all day long is completely incorrect. And I’ve just taken those four trades yesterday on the dailies. A few at the 5 a.m. change over and again today, four on the day these again and that’s my trading done for the week. So I hope you’ve enjoyed this bit of an insight of how we trade and any questions you have. Please let me know. I’ll see you this time next week. This is Andrew Mitchem here at the Forex Trading Course. Bye for now <h2>Episode Title: #509: My Typical Trading Day as a Full Time Forex Trader</h2> <h4><a href="https://theforextradingcoach.com/forex-training-masterclass/" rel="noopener nofollow" target="_blank">Signup For my Forex Masterclass</a></h4> <h4><a href="https://bit.ly/3sK8pKU" rel="noopener nofollow" target="_blank">Find out more about Blueberry Markets – Click Here</a></h4> <h4><a href="https://theforextradingcoach.com/online_video_coaching_forex_course.html" rel="noopener nofollow" target="_blank">Find out more about </a>my Online Video Forex Course</h4>

#509: My Typical Trading Day as a Full Time Forex Trader

5 Reasons Why Good Education is the Cheapest Investment in Yourself  Podcast:   Signup For my Forex Masterclass Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course #508: 5 Reasons Why Good Education is the Cheapest Investment in Yourself In this video: 00:43 – #1 To gain a good and proven trading strategy 02:13 – #2 Someone to learn from every day 04:04 – #3 The power of community and power 04:58 – #4 Discussing new products and ideas with other traders  05:48 – #5 Don’t reinvent the wheel 06:40 – Blueberry Markets I’m going to give you five reasons why. Good forex education is the cheapest investment you can ever make in yourself. If you want to be a good forex trader. Let’s get into that more. All right. Not. Hey there traders Andrew him here at The Forex Trading Coach with video and podcast number 508. So I want to give you the top five reasons why I see that investing in good education, I mean, good education, not just any education, but good education can be the cheapest investment in yourself that you ever make. So let’s get into it. #1 To gain a good and proven trading strategy So first thing is strategy number one has to be the strategy. If you are investing in a good forex education and company and a good course with a proven track record and longevity, and it’s the kind of strategy that works and suits you and your personality and all those type of things. That is ultimately what we’re all out there looking for. It’s the holy grail of trading, isn’t it? Because what you’re doing is by joining an education course, you’re basically taking on their strategy. You don’t need to spend hours and hours, countless thousands of hours. And some people, you know, going ran around in circles looking for a strategy, adding this indicator, that indicator and looking at the news, not looking at the news, combining the two. Not sure what you’re doing. Don’t know that different time frames, all those type of things that everybody has been through. It took me four years to come up and create the strategy that I am currently using and have done so for the past 15-16 years. And so four years of going around in circles, wasting an incredible amount of time and money to get there. Luckily, my strategy has never changed since I’ve created that. Why build? Because it works. So the strategy is definitely number one. With us you get everything included in that. Like you don’t need to find more indicators or more trading software or anything like that because we provide it all. So that’s number one. #2 Someone to learn from every day Number two, someone to learn from and to follow. And that I think is also very, very important when you go on board with a good trading company and good education with what we do is we provide daily trading suggestions. So every day, based off the daily charts, we provide specific trades with the currency pair all the market, if it’s like a metal or a crypto indices, etc. the market, the direction, a paragraph of reasons why we’re looking at taking that trade plus the exact entry and exit levels. So what does that do for you? Well, hopefully if we get this right more often than not, because we’re taking these same trades ourself, you will make money. Number one. The other thing, of course, is, is to train your eye in real time. This is what we are taking and why we’re not hand-picking cherry picking the best trades and showing you just the really good ones and ignoring all the poor ones. We’re not doing that because of course we’re putting our neck on the line every day and saying These are the trades we’re taking. And what whether they’re profitable, whether they lose, we don’t know at the time. All we can do is use our strategy and identify the setups that look good to us and take them. Now, luckily every and not luckily it’s skill, but luckily for you is that every year since 2010, when I started posting our daily trade suggestions, they have been profitable every single year. So having that information to follow, learn from on a day by day basis, to train your eye to educate yourself is crucial. Now, from our point of view, we don’t want people following what we do every single day. But when you start having that information to follow and to learn from and learn from is crucial because over time you’ll develop of a knowledge of how to do this. For yourself. But why you’re learning for the first 6 months, 12 months, I think it’s really important to be able to follow someone on a daily basis. #3 The power of community and power Number three Community. You cannot underestimate community and how important people are to us, those traders. Just look at the last few years when all around the world people were in lockdown like this crazy COVID lockdown. Look how you missed people and look how you miss community and look how you missed travel and when you think about it from a trading point of view, trading can be a little bit like a lockdown. You sat there by yourself. No one knows you really doing it. You sit in that kind of by yourself and it can be quite lonely. No one to communicate with, no one to talk to. And community is a massive part of what we do at The Forex Trading Coach with our fantastic Forum site. And also we have live weekly webinars where we’re trading on live accounts for people sorry in front of our clients as well. And so that’s really, really important. #4 Discussing new products and ideas with other traders  Number four new ideas, talking about new ideas, new software, new brokers, just discussing what’s actually happening out there in the Forex world and in the markets in general. And anything to discuss ideas with like this is crucial. And another part of just being part of a community and, you know, being able to email us, being able to talk to us, being able to ask us on the forum site, being able to ask us questions on the live webinar, all that’s important. If you suddenly like the last two or three years, we started talking about Prop Firms. To talk to other people who are using the strategy really successfully on Prop firms. I’m talking to prop firms all the time. And so asking me, you know, which prop firms are better than others, you know, that type of thing is massively important as well. #5 Don’t reinvent the wheel And lastly, number five, don’t reinvent the wheel. You don’t need to. I’ve already done it for you. And that’s the you know, the important thing when you come on board. Yes, there’s a fee. Of course there’s a fee. And these people out there that think they’re going to get something for nothing, you know, you’re clearly not in the right place. If you want good quality education and plenty of free stuff out there on, you know, TikTok and places like that, if you want that. But it’s not going to work. But if you want good quality education, of course you got to pay for it. But don’t reinvent the wheel. We’ve done that. We have the strategy, the software, the structure, the trades, the webinars, the support team, people around the world helping out to make this work. So that’s my five Tips for why good education can be the cheapest investment in yourself you’ll ever make. Blueberry Markets If you’re out there looking for a broker, I can highly recommend blueberry markets. They base over in Australia. Really good broker. They use the Metatrader 4 Metatrader 5 platform. I’ll put a link to blueberry markets here. I’ll also put a link to my forex coaching course, my five star rated forex coaching course that’s been running since 2009, so I hope that helps. Just consider educating yourself and investing in yourself because it’s going to shortcut massively both time wasted money and frustration potentially giving up. It’s going to shortcut all that and give yourself a real good chance of success. I hope that helps this is Andrew Mitcham here at The Forex Trading Coach. I see this time next week. Bye for now! Episode Title: #508: 5 Reasons Why Good Education is the Cheapest Investment in Yourself Signup For my Forex Masterclass Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course

<h1>5 Reasons Why Good Education is the Cheapest Investment in Yourself</h1> <h3>Podcast:</h3> <h4><a href="https://theforextradingcoach.com/forex-training-masterclass/" rel="noopener nofollow" target="_blank">Signup For my Forex Masterclass</a></h4> <h4><a href="https://bit.ly/3sK8pKU" rel="noopener nofollow" target="_blank">Find out more about Blueberry Markets – Click Here</a></h4> <h4><a href="https://theforextradingcoach.com/online_video_coaching_forex_course.html" rel="noopener nofollow" target="_blank">Find out more about my Online Video Forex Course</a></h4> <h3>#508: 5 Reasons Why Good Education is the Cheapest Investment in Yourself</h3> In this video: 00:43 – #1 To gain a good and proven trading strategy 02:13 – #2 Someone to learn from every day 04:04 – #3 The power of community and power 04:58 – #4 Discussing new products and ideas with other traders  05:48 – #5 Don’t reinvent the wheel 06:40 – Blueberry Markets I’m going to give you five reasons why. Good forex education is the cheapest investment you can ever make in yourself. If you want to be a good forex trader. Let’s get into that more. All right. Not. Hey there traders Andrew him here at The Forex Trading Coach with video and podcast number 508. So I want to give you the top five reasons why I see that investing in good education, I mean, good education, not just any education, but good education can be the cheapest investment in yourself that you ever make. So let’s get into it. #1 To gain a good and proven trading strategy So first thing is strategy number one has to be the strategy. If you are investing in a good forex education and company and a good course with a proven track record and longevity, and it’s the kind of strategy that works and suits you and your personality and all those type of things. That is ultimately what we’re all out there looking for. It’s the holy grail of trading, isn’t it? Because what you’re doing is by joining an education course, you’re basically taking on their strategy. You don’t need to spend hours and hours, countless thousands of hours. And some people, you know, going ran around in circles looking for a strategy, adding this indicator, that indicator and looking at the news, not looking at the news, combining the two. Not sure what you’re doing. Don’t know that different time frames, all those type of things that everybody has been through. It took me four years to come up and create the strategy that I am currently using and have done so for the past 15-16 years. And so four years of going around in circles, wasting an incredible amount of time and money to get there. Luckily, my strategy has never changed since I’ve created that. Why build? Because it works. So the strategy is definitely number one. With us you get everything included in that. Like you don’t need to find more indicators or more trading software or anything like that because we provide it all. So that’s number one. #2 Someone to learn from every day Number two, someone to learn from and to follow. And that I think is also very, very important when you go on board with a good trading company and good education with what we do is we provide daily trading suggestions. So every day, based off the daily charts, we provide specific trades with the currency pair all the market, if it’s like a metal or a crypto indices, etc. the market, the direction, a paragraph of reasons why we’re looking at taking that trade plus the exact entry and exit levels. So what does that do for you? Well, hopefully if we get this right more often than not, because we’re taking these same trades ourself, you will make money. Number one. The other thing, of course, is, is to train your eye in real time. This is what we are taking and why we’re not hand-picking cherry picking the best trades and showing you just the really good ones and ignoring all the poor ones. We’re not doing that because of course we’re putting our neck on the line every day and saying These are the trades we’re taking. And what whether they’re profitable, whether they lose, we don’t know at the time. All we can do is use our strategy and identify the setups that look good to us and take them. Now, luckily every and not luckily it’s skill, but luckily for you is that every year since 2010, when I started posting our daily trade suggestions, they have been profitable every single year. So having that information to follow, learn from on a day by day basis, to train your eye to educate yourself is crucial. Now, from our point of view, we don’t want people following what we do every single day. But when you start having that information to follow and to learn from and learn from is crucial because over time you’ll develop of a knowledge of how to do this. For yourself. But why you’re learning for the first 6 months, 12 months, I think it’s really important to be able to follow someone on a daily basis. #3 The power of community and power Number three Community. You cannot underestimate community and how important people are to us, those traders. Just look at the last few years when all around the world people were in lockdown like this crazy COVID lockdown. Look how you missed people and look how you miss community and look how you missed travel and when you think about it from a trading point of view, trading can be a little bit like a lockdown. You sat there by yourself. No one knows you really doing it. You sit in that kind of by yourself and it can be quite lonely. No one to communicate with, no one to talk to. And community is a massive part of what we do at The Forex Trading Coach with our fantastic Forum site. And also we have live weekly webinars where we’re trading on live accounts for people sorry in front of our clients as well. And so that’s really, really important. #4 Discussing new products and ideas with other traders  Number four new ideas, talking about new ideas, new software, new brokers, just discussing what’s actually happening out there in the Forex world and in the markets in general. And anything to discuss ideas with like this is crucial. And another part of just being part of a community and, you know, being able to email us, being able to talk to us, being able to ask us on the forum site, being able to ask us questions on the live webinar, all that’s important. If you suddenly like the last two or three years, we started talking about Prop Firms. To talk to other people who are using the strategy really successfully on Prop firms. I’m talking to prop firms all the time. And so asking me, you know, which prop firms are better than others, you know, that type of thing is massively important as well. #5 Don’t reinvent the wheel And lastly, number five, don’t reinvent the wheel. You don’t need to. I’ve already done it for you. And that’s the you know, the important thing when you come on board. Yes, there’s a fee. Of course there’s a fee. And these people out there that think they’re going to get something for nothing, you know, you’re clearly not in the right place. If you want good quality education and plenty of free stuff out there on, you know, TikTok and places like that, if you want that. But it’s not going to work. But if you want good quality education, of course you got to pay for it. But don’t reinvent the wheel. We’ve done that. We have the strategy, the software, the structure, the trades, the webinars, the support team, people around the world helping out to make this work. So that’s my five Tips for why good education can be the cheapest investment in yourself you’ll ever make. Blueberry Markets If you’re out there looking for a broker, I can highly recommend blueberry markets. They base over in Australia. Really good broker. They use the Metatrader 4 Metatrader 5 platform. I’ll put a link to blueberry markets here. I’ll also put a link to my forex coaching course, my five star rated forex coaching course that’s been running since 2009, so I hope that helps. Just consider educating yourself and investing in yourself because it’s going to shortcut massively both time wasted money and frustration potentially giving up. It’s going to shortcut all that and give yourself a real good chance of success. I hope that helps this is Andrew Mitcham here at The Forex Trading Coach. I see this time next week. Bye for now! <h2>Episode Title: #508: 5 Reasons Why Good Education is the Cheapest Investment in Yourself</h2> <h4><a href="https://theforextradingcoach.com/forex-training-masterclass/" rel="noopener nofollow" target="_blank">Signup For my Forex Masterclass</a></h4> <h4><a href="https://bit.ly/3sK8pKU" rel="noopener nofollow" target="_blank">Find out more about Blueberry Markets – Click Here</a></h4> <h4><a href="https://theforextradingcoach.com/online_video_coaching_forex_course.html" rel="noopener nofollow" target="_blank">Find out more about </a>my Online Video Forex Course</h4>

#508: 5 Reasons Why Good Education is the Cheapest Investment in Yourself

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

<h1> What’s Size Should Your Stop Loss Be?</h1> ﻿﻿ <h3>Podcast:</h3> <h4><a href="https://theforextradingcoach.com/forex-training-masterclass/" rel="noopener nofollow" target="_blank">Signup For my Forex Masterclass</a></h4> <h4><a href="https://bit.ly/3sK8pKU" rel="noopener nofollow" target="_blank">Find out more about Blueberry Markets – Click Here</a></h4> <h4><a href="https://theforextradingcoach.com/online_video_coaching_forex_course.html" rel="noopener nofollow" target="_blank">Find out more about my Online Video Forex Course</a></h4> <h3>#507: What’s Size Should Your Stop Loss Be?</h3> In this video: 00:23 – How many pips should you risk per trade? 01:03 – Why pips are irrelavent 01:47 – What does a 20 pip stop loss mean? 02:14 – Where you should place your stop loss  03:34 – Win a place on our coaching course 04:17 – Where to find a good broker What size stop loss should you set and how many pips should you risk on every trade? Let’s talk about that and more right now. Hey there traders Andrew Mitchem here The Forex Trading Coach with video and podcast number 507. How many pips should you risk per trade? I want to talk about how big your stop loss should be. How many pips should you be risking on every trade you see? It’s something that I get asked by non clients all of the time. And it’s really interesting because unfortunately most people out there set a certain amount of pips for their stop loss on all of their traits. And to me it’s the completely wrong way of trading and you know, it’s the wrong way of trading because if most people are doing that and you also know that most people losing money, there’s kind of a correlation there isn’t there. You see it makes no sense at all. I’ll let you know why. Why pips are irrelavent Well, how can you have a set amount of pips as a stop loss on a trade? It has no relevance to that trade whatsoever and it has no relevance to the currency pair your trading. It has no relevance to the timeframe chart. It has no relevance to the movement in the market at the time, and none of it makes sense. But most people do it, and most people will say, as an example, I have a 20 pip stop loss and a 40 pip profit target. Therefore I have a 2 to 1 reward risk, which is exactly what you say you should be doing Andrew, have two, three, four to one. The problem is, is what is 20 pips really mean? Well, it means nothing. What does a 20 pip stop loss mean? You see 20 pips on a Euro/Swiss Franc is something that’s, you know, takes quite a while to move 20 pips, 20 pips on the Euro/New Zealand dollar and it can do that within seconds. And so people who use a set amount of pips as a stop loss are making a massive, massive mistake. So the way around it, it’s quite simple. Where you should place your stop loss  We never look at how many pips our stop loss is. Our stop loss is placed at a level that’s really easy to know where to place stop loss, but it’s relevant for that particular trade, It’s relevant for the current market conditions, it’s relevant for the pair you’re trading, it’s relevant for the timeframe chart you are trading and the movement in the market at that time. And so it’s all relative to what’s really happening. And all we do is we adjust our lot size to allow for size of that stop loss. So you put your stop loss at a level that safe for the trade and you then make an adjustment in your lot size. You see every pair or most pairs have different payouts per pip depending on what the currency pair is and also what your own trading account is denominated in. So you’ve really got to understand your lot size and get your lot size according to your risk and the stop loss size of that particular trade. So we can massively help you with that and that will help completely change your trading around and probably mean you’re going to get stopped out of trades far less often because you’re putting the stop loss where it needs to be on that trade for a reason. A couple more things I want to cover with you. Win a place on our coaching course You have two chances This week is the end of this offer with the prop firm that we have joined with. Called FX2Funding. We’re giving away two places on our full coaching course free of charge as part of their offer that they are running right now. To find out more, I’ll put a link on this video podcast for you to go to the FX2Funding site, register there and you can win lots of other goodies that they’re giving away. And included in that giveaway are two full course to full course memberships to the Forex Trading Coach membership. So that’s a really valuable giveaway there that they’re doing. Where to find a good broker And lastly, brokers, if you’re out there looking for a good broker, I can highly recommend blueberry markets, their based over in Australia and the great bunch of people, great platform, incredible customer service. Absolutely credible, top notch. You will not find better customer service out there. They have the MT4/MT5 platform. Lots of markets, instruments, forex and non-forex markets available to trade. So I’ll put a link to blueberry markets here. I’ll put a link to the FX2Funding website as well and make sure that you don’t risk X number of pips on your trade. Learn to use your stop loss the right way. It will massively help you trading. This is Andrew Mitchem here at The Forex Trading Coach. I’ll see you this time next week bye for now. <h2>Episode Title: #507: What’s Size Should Your Stop Loss Be?</h2> <h4><a href="https://theforextradingcoach.com/forex-training-masterclass/" rel="noopener nofollow" target="_blank">Signup For my Forex Masterclass</a></h4> <h4><a href="https://bit.ly/3sK8pKU" rel="noopener nofollow" target="_blank">Find out more about Blueberry Markets – Click Here</a></h4> <h4><a href="https://theforextradingcoach.com/online_video_coaching_forex_course.html" rel="noopener nofollow" target="_blank">Find out more about </a>my Online Video Forex Course</h4>

#507:  What’s Size Should Your Stop Loss Be?

What’s the Best Trading Session? ﻿ Podcast:   Signup For my Forex Masterclass Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course #506: What’s the Best Trading Session? In this video: 00:38 – Which is the best trading session? 01:37 – We look at the close of a candle 02:18 – We use Limit Orders 03:30 – Trading is about picking quality setups  04:20 – Trade through Blueberry What’s the best trading session that you should be at your computer? It’s a question that a lot of people ask, and I’ve got a real simple answer for you. So let’s get into that and more. Right now. Hey, there trader! Andrew Mitchem here at the Forex Trading Coach with video on podcast number 506. Wanted to come outside a glorious afternoon. We are just a handful of days away from the shortest day of the year and we’re getting weather like this. So you’ve got to take advantage of being outside and enjoying some good vitamin D from the sun. Which is the best trading session? So trading sessions, actually the Sun relates to this quite a lot because I’ve just been on a Zoom call with a guy over in Oregon, over in the US, on the West coast of Oregon, West Coast to the US. And he said to me, Hey Andrew, I’m always concerned about when to trade the sessions because for him the US session, because he’s on the West Coast and like, you know, the morning session opens in New York time on the East Coast. You know, it’s quite a considerable timezone difference there. And he said to me I can’t trade the US morning session even though he’s in the same country, because, you know, it means getting up at like 3:00-4:00 in the morning and it’s just not practical. Likewise, he cannot trade the European session because that’s like 11, 12, you know, midnight, 1:00 in the morning, depending on time of year for him. So he said, well, what do I do? Because it’s always something that’s concerned him. And I said, Look, fantastic question, really good answer for you and you got to love it. The fact is, I won’t tell you his name, but I said, We look at the close of a candle Look, the fact is you don’t need to worry about sessions when you trade the way that we trade because we look at the close of a candle. It doesn’t matter to me what the time of the day is. It doesn’t matter what the session we might be in or leading up to. It really does not matter. You look at the close of a candle and you see the trade. Take the trade from there. So, you know, first of all, when to go and look at a charts because it’s at the close of that candle. But I like I said to him, the thing is, if you look at the 5 p.m. New York Close of Day charts and for him that might be like 2:00 in the afternoon and I’m at work and you know, I can’t trade then could have been an answer. You know, he could have said. We use Limit Orders And my reply was, well, it doesn’t matter again because we use limit orders to place our trades. So if you don’t place, you trade two, five, six, 7:00 in the evening for him, which is, you know, like sort of three, four, five, 6 hours after the close of day 5 p.m. New York time. It doesn’t matter because at that time of the day, very little happens anyway. Would end of the US session time, you know, the start of New Zealand, Australia and into the Asian session. Nothing happens on most days, so it really doesn’t matter if you’re not there at that exact time. So in other words, it doesn’t matter where you live in the world. Don’t worry about sessions. Trade the close of a candle, use limit orders and you’ll enjoy trading much, much more. You don’t need to be setting your alarm clock that I used to do it years ago. When I started. I used to think I used to need to be up for the US session and it was like, you know, it’s 1:00 in the morning or something and it’s like crazy. You can do it for a week or two, but you’re not going to do it consistently. And ultimately it matters not one bit once you know what you’re doing. So I completely changed my trading around, made it far more enjoyable for me. I can go out and do things like this, get outside in the sun, enjoy, you know, enjoy doing other things than sitting, watching charts all day. Trading is about picking quality setups  And trading is about quality. It’s about getting the quality of your trades, your consistency of your trades, and the consistency of the trade setups. Another example which I shared with the same guy today, I said, Look, we post our daily trades every single day, which we do and we’ve done since 2010, and today there were none. And it’s like, well, there were no specific daily chart trades for today. Therefore, don’t force trades, don’t take any. I’m sure they’ll be some other shorter timeframe chart setting up, you know, later today. That probably will be. But simply because there were no trades on the daily charts. Don’t worry about it. It doesn’t none there don’t take any. Tomorrow they’re probably five or six. So you know you you make hay when the sun shines again, back to that sun. It’s good for you, the sun. So I hope that helps you. Trade through Blueberry Look, if you’re out there looking for a good broker, I can highly recommend blueberry markets over in Australia. Great brokerage, MT4/MT5 platform. The MT5 platform has obviously more timeframe charts because MT5 does that. But also you’ve got the ability to trade other markets as well. You know the non-forex markets as well, which were findings from great set up so on. So it’s really important that you have a system and a strategy that allows you to trade all these different markets, not just the forex market. If you want to trade those other, you know, those metals indices, cryptos, etc., then blueberry markets are a fantastic place to go. And if you want to trade those, make sure you have a strategy that works equally as well on both other markets. So I hope that helps. This is Andrew Mitchem here at the Forex trading coach, enjoying the sunshine, enjoying winter. Can’t believe we’re just a few days away from the shortest day of the year. Absolutely beautiful. So hope you having a good time where you are and I’ll see you this time next week. Bye for now Episode Title: #506: What’s the Best Trading Session? Signup For my Forex Masterclass Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course

<h1>What’s the Best Trading Session?</h1> ﻿ <h3>Podcast:</h3> <h4><a href="https://theforextradingcoach.com/forex-training-masterclass/" rel="noopener nofollow" target="_blank">Signup For my Forex Masterclass</a></h4> <h4><a href="https://bit.ly/3sK8pKU" rel="noopener nofollow" target="_blank">Find out more about Blueberry Markets – Click Here</a></h4> <h4><a href="https://theforextradingcoach.com/online_video_coaching_forex_course.html" rel="noopener nofollow" target="_blank">Find out more about my Online Video Forex Course</a></h4> <h3>#506: What’s the Best Trading Session?</h3> In this video: 00:38 – Which is the best trading session? 01:37 – We look at the close of a candle 02:18 – We use Limit Orders 03:30 – Trading is about picking quality setups  04:20 – Trade through Blueberry What’s the best trading session that you should be at your computer? It’s a question that a lot of people ask, and I’ve got a real simple answer for you. So let’s get into that and more. Right now. Hey, there trader! Andrew Mitchem here at the Forex Trading Coach with video on podcast number 506. Wanted to come outside a glorious afternoon. We are just a handful of days away from the shortest day of the year and we’re getting weather like this. So you’ve got to take advantage of being outside and enjoying some good vitamin D from the sun. Which is the best trading session? So trading sessions, actually the Sun relates to this quite a lot because I’ve just been on a Zoom call with a guy over in Oregon, over in the US, on the West coast of Oregon, West Coast to the US. And he said to me, Hey Andrew, I’m always concerned about when to trade the sessions because for him the US session, because he’s on the West Coast and like, you know, the morning session opens in New York time on the East Coast. You know, it’s quite a considerable timezone difference there. And he said to me I can’t trade the US morning session even though he’s in the same country, because, you know, it means getting up at like 3:00-4:00 in the morning and it’s just not practical. Likewise, he cannot trade the European session because that’s like 11, 12, you know, midnight, 1:00 in the morning, depending on time of year for him. So he said, well, what do I do? Because it’s always something that’s concerned him. And I said, Look, fantastic question, really good answer for you and you got to love it. The fact is, I won’t tell you his name, but I said, We look at the close of a candle Look, the fact is you don’t need to worry about sessions when you trade the way that we trade because we look at the close of a candle. It doesn’t matter to me what the time of the day is. It doesn’t matter what the session we might be in or leading up to. It really does not matter. You look at the close of a candle and you see the trade. Take the trade from there. So, you know, first of all, when to go and look at a charts because it’s at the close of that candle. But I like I said to him, the thing is, if you look at the 5 p.m. New York Close of Day charts and for him that might be like 2:00 in the afternoon and I’m at work and you know, I can’t trade then could have been an answer. You know, he could have said. We use Limit Orders And my reply was, well, it doesn’t matter again because we use limit orders to place our trades. So if you don’t place, you trade two, five, six, 7:00 in the evening for him, which is, you know, like sort of three, four, five, 6 hours after the close of day 5 p.m. New York time. It doesn’t matter because at that time of the day, very little happens anyway. Would end of the US session time, you know, the start of New Zealand, Australia and into the Asian session. Nothing happens on most days, so it really doesn’t matter if you’re not there at that exact time. So in other words, it doesn’t matter where you live in the world. Don’t worry about sessions. Trade the close of a candle, use limit orders and you’ll enjoy trading much, much more. You don’t need to be setting your alarm clock that I used to do it years ago. When I started. I used to think I used to need to be up for the US session and it was like, you know, it’s 1:00 in the morning or something and it’s like crazy. You can do it for a week or two, but you’re not going to do it consistently. And ultimately it matters not one bit once you know what you’re doing. So I completely changed my trading around, made it far more enjoyable for me. I can go out and do things like this, get outside in the sun, enjoy, you know, enjoy doing other things than sitting, watching charts all day. Trading is about picking quality setups  And trading is about quality. It’s about getting the quality of your trades, your consistency of your trades, and the consistency of the trade setups. Another example which I shared with the same guy today, I said, Look, we post our daily trades every single day, which we do and we’ve done since 2010, and today there were none. And it’s like, well, there were no specific daily chart trades for today. Therefore, don’t force trades, don’t take any. I’m sure they’ll be some other shorter timeframe chart setting up, you know, later today. That probably will be. But simply because there were no trades on the daily charts. Don’t worry about it. It doesn’t none there don’t take any. Tomorrow they’re probably five or six. So you know you you make hay when the sun shines again, back to that sun. It’s good for you, the sun. So I hope that helps you. Trade through Blueberry Look, if you’re out there looking for a good broker, I can highly recommend blueberry markets over in Australia. Great brokerage, MT4/MT5 platform. The MT5 platform has obviously more timeframe charts because MT5 does that. But also you’ve got the ability to trade other markets as well. You know the non-forex markets as well, which were findings from great set up so on. So it’s really important that you have a system and a strategy that allows you to trade all these different markets, not just the forex market. If you want to trade those other, you know, those metals indices, cryptos, etc., then blueberry markets are a fantastic place to go. And if you want to trade those, make sure you have a strategy that works equally as well on both other markets. So I hope that helps. This is Andrew Mitchem here at the Forex trading coach, enjoying the sunshine, enjoying winter. Can’t believe we’re just a few days away from the shortest day of the year. Absolutely beautiful. So hope you having a good time where you are and I’ll see you this time next week. Bye for now <h2>Episode Title: #506: What’s the Best Trading Session?</h2> <h4><a href="https://theforextradingcoach.com/forex-training-masterclass/" rel="noopener nofollow" target="_blank">Signup For my Forex Masterclass</a></h4> <h4><a href="https://bit.ly/3sK8pKU" rel="noopener nofollow" target="_blank">Find out more about Blueberry Markets – Click Here</a></h4> <h4><a href="https://theforextradingcoach.com/online_video_coaching_forex_course.html" rel="noopener nofollow" target="_blank">Find out more about </a>my Online Video Forex Course</h4>

#506: What’s the Best Trading Session?

How to Avoid Spending Hours Watching the Charts?  Podcast:   Signup For my Forex Masterclass Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course #505: How to Avoid Spending Hours Watching the Charts? In this video: 00:33 – I’m going to save you a lot of time 01:49 – Don’t know when to look at your charts? 02:05 – The fix 02:35 – The Weekly charts  04:12 – Pick the times to look that suits you 05:45 – Trade through Blueberry Markets Today, I’m going to show you how you can avoid spending far too much time glued to your chart, sitting at a computer and not making any money. Does that sound good? Well, it should do, because with this one simple trading tip and technique, I’m going to change all that for you. Let’s get into it right now. Hey, the traders, Andrew Mitchem here at the Forex Trading Coach with video on podcast number 505. I’m going to save you a lot of time And that’s right. I’m going to today save you a lot of time. I’m going to save you a lot of mixed emotions and probably make you a lot of money as a result. So it should sound pretty good to you. Unfortunately, most people out there, most people watching this, most people listening to this will be spending far too much time sitting at their charts watching every pip movement up and down, scared to leave their charts, forcing trades, getting emotionally involved in their trading. And as a result of that, you’re not doing yourself any good. You’re not making any money, not doing your health any good, and you’re wasting too much time. Look, I know I used to do it myself long time ago when I started trading, and it’s a very easy trap to fall into. And it doesn’t do you any good. It doesn’t make your longevity as a trader any good because you’re forced to sit there hour upon hour because you’re scared about moving missing a move. It also means if you’re in a trade, you tend to find that you forced yourself into trade. And if you’re in a trade, you tend to jump out early because you see the trade moving in your direction. Then it pulls back. And I should just take it now because something’s better than nothing, right? And it’s an issue that so many people face. I’m going to save you a lot of time It also means that they don’t know when to look at their charts. And that confusion and from looking at maybe like, can I say, a 15 minute chart saying the market’s moving up and our chart says it’s moving down a daily moving up and you get this complete mix going on and you don’t know what to do. The fix So a very, very easy way of avoiding all that is only look for a new potential trade set up upon the close of a candle. And what does that mean? Well, the forex market opens at 5 p.m. Eastern Standard Time. That’s New York time every day. That’s when the new day starts. So the market opens 5 p.m. on the Sunday New York time and it closes 5 p.m. on a Friday New York time. The Weekly charts  So at the beginning of each week, just once a week, you could look, let’s say at the weekly charts, you know, when they open, they open the beginning of each week. They’re not going to change throughout the week or the previous weeks. Information is going to change once the weeks close. You look at the weekly chart, you can make your analysis exactly the same on a daily chart. You know, when the daily chart opens, it’s 5 p.m. New York time. At that time, the previous day’s candle is complete. You can make your analysis. So if you traded just once a day on the daily charts, you can do very, very well. Also, you could then say let’s go something slightly shorter. You could look at the 12 hour charts. Now conveniently, they also open at 5 p.m. New York time and of course, 12 hours later will be 5 a.m. New York time. So if you wanted to look at the 12 hour charts, you could look just twice a day. And that will give you a lot of trading opportunities within a day. Of course, you could go down to an eight hour chance, which of course three, eight, 24, 24 hours and a day. They open three times a day for sorry, six hour charts, four times a day, four hour chart, six times a day. You know, it’s very, very easy to know when to look at a chart. So base the start of the day off 5 p.m. New York time. If you wanted to look at the next four hour chart, don’t even bother between 5 and 9 p.m. New York time because the candle hasn’t closed. At 9 p.m New York time, the next four hour candle will close. Everything’s set. Doesn’t matter what levels you use and what indicators you use. Nothing’s moving from that previous four hour candle. Pick the times to look that suits you So if nothing else, pick the timeframe charts that you like. The look of all the times of day when you can have a look, know what that is in your local time and look at your charts at that time. Once the candle has closed. It takes emotions out of your trading because you can see everything’s set. It makes the analysis a lot better. You can take some time. You can look at strength and weakness of other pairs that have closed as well. You can get your stop losses, your profit targets all in place. You can say, well, does this have anything to help protect the stop loss? Is my profit target a good level? You lot size everything that you need to look for you can do without emotion because you have time. You can also know when to go and look at a chart. So as I mentioned, if you wanted to trade, say like weekly charts, daily charts, 12 hour charts, really you just need to look twice a day on the 12 hour charts, once a day, daily, once a week weekly. That’s it. Job done. You’re not sitting there watching every paper movement go up and down. You’re not scared to miss something. And so that’s how you can really help yourself with your trading progress there. Absolute certainty you’ll enjoy it better. Absolute certainty you will take higher quality trades because you’re not emotionally involved and you’re not scared of missing something. So that’s a massive tip there that will help your longevity and your profitability and your enjoyment. So take advantage of that information. Trade through Blueberry Markets If you’re out there looking for a suitable broker, I can highly recommend Blueberry Markets that based across the ditch from me. I’m in New Zealand, they’re over in Australia. But it doesn’t matter where you live in the world. Most countries you can open the account and trade through Blueberry Markets. Great people, the Metatrader 4 Metatrader 5 broker platforms and a large variety of different markets, both Forex and now non forex markets, especially on that MT5 platform. Hope that helps. Do not sit looking at your charts or take Do not get emotionally involved in your trades. Do not make stupid rash fast decisions. Take your trading back, slow it and know exactly when to look at your charts. Know what to look for you do far better hope the helps us see this time next week. This is Andrew Mitchem at The Forex Trading Couch. Bye for now. Episode Title: #505: How to Avoid Spending Hours Watching the Charts? Signup For my Forex Masterclass Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course

<h1>How to Avoid Spending Hours Watching the Charts?</h1> <h3>Podcast:</h3> <h4><a href="https://theforextradingcoach.com/forex-training-masterclass/" rel="noopener nofollow" target="_blank">Signup For my Forex Masterclass</a></h4> <h4><a href="https://bit.ly/3sK8pKU" rel="noopener nofollow" target="_blank">Find out more about Blueberry Markets – Click Here</a></h4> <h4><a href="https://theforextradingcoach.com/online_video_coaching_forex_course.html" rel="noopener nofollow" target="_blank">Find out more about my Online Video Forex Course</a></h4> <h3>#505: How to Avoid Spending Hours Watching the Charts?</h3> In this video: 00:33 – I’m going to save you a lot of time 01:49 – Don’t know when to look at your charts? 02:05 – The fix 02:35 – The Weekly charts  04:12 – Pick the times to look that suits you 05:45 – Trade through Blueberry Markets Today, I’m going to show you how you can avoid spending far too much time glued to your chart, sitting at a computer and not making any money. Does that sound good? Well, it should do, because with this one simple trading tip and technique, I’m going to change all that for you. Let’s get into it right now. Hey, the traders, Andrew Mitchem here at the Forex Trading Coach with video on podcast number 505. I’m going to save you a lot of time And that’s right. I’m going to today save you a lot of time. I’m going to save you a lot of mixed emotions and probably make you a lot of money as a result. So it should sound pretty good to you. Unfortunately, most people out there, most people watching this, most people listening to this will be spending far too much time sitting at their charts watching every pip movement up and down, scared to leave their charts, forcing trades, getting emotionally involved in their trading. And as a result of that, you’re not doing yourself any good. You’re not making any money, not doing your health any good, and you’re wasting too much time. Look, I know I used to do it myself long time ago when I started trading, and it’s a very easy trap to fall into. And it doesn’t do you any good. It doesn’t make your longevity as a trader any good because you’re forced to sit there hour upon hour because you’re scared about moving missing a move. It also means if you’re in a trade, you tend to find that you forced yourself into trade. And if you’re in a trade, you tend to jump out early because you see the trade moving in your direction. Then it pulls back. And I should just take it now because something’s better than nothing, right? And it’s an issue that so many people face. I’m going to save you a lot of time It also means that they don’t know when to look at their charts. And that confusion and from looking at maybe like, can I say, a 15 minute chart saying the market’s moving up and our chart says it’s moving down a daily moving up and you get this complete mix going on and you don’t know what to do. The fix So a very, very easy way of avoiding all that is only look for a new potential trade set up upon the close of a candle. And what does that mean? Well, the forex market opens at 5 p.m. Eastern Standard Time. That’s New York time every day. That’s when the new day starts. So the market opens 5 p.m. on the Sunday New York time and it closes 5 p.m. on a Friday New York time. The Weekly charts  So at the beginning of each week, just once a week, you could look, let’s say at the weekly charts, you know, when they open, they open the beginning of each week. They’re not going to change throughout the week or the previous weeks. Information is going to change once the weeks close. You look at the weekly chart, you can make your analysis exactly the same on a daily chart. You know, when the daily chart opens, it’s 5 p.m. New York time. At that time, the previous day’s candle is complete. You can make your analysis. So if you traded just once a day on the daily charts, you can do very, very well. Also, you could then say let’s go something slightly shorter. You could look at the 12 hour charts. Now conveniently, they also open at 5 p.m. New York time and of course, 12 hours later will be 5 a.m. New York time. So if you wanted to look at the 12 hour charts, you could look just twice a day. And that will give you a lot of trading opportunities within a day. Of course, you could go down to an eight hour chance, which of course three, eight, 24, 24 hours and a day. They open three times a day for sorry, six hour charts, four times a day, four hour chart, six times a day. You know, it’s very, very easy to know when to look at a chart. So base the start of the day off 5 p.m. New York time. If you wanted to look at the next four hour chart, don’t even bother between 5 and 9 p.m. New York time because the candle hasn’t closed. At 9 p.m New York time, the next four hour candle will close. Everything’s set. Doesn’t matter what levels you use and what indicators you use. Nothing’s moving from that previous four hour candle. Pick the times to look that suits you So if nothing else, pick the timeframe charts that you like. The look of all the times of day when you can have a look, know what that is in your local time and look at your charts at that time. Once the candle has closed. It takes emotions out of your trading because you can see everything’s set. It makes the analysis a lot better. You can take some time. You can look at strength and weakness of other pairs that have closed as well. You can get your stop losses, your profit targets all in place. You can say, well, does this have anything to help protect the stop loss? Is my profit target a good level? You lot size everything that you need to look for you can do without emotion because you have time. You can also know when to go and look at a chart. So as I mentioned, if you wanted to trade, say like weekly charts, daily charts, 12 hour charts, really you just need to look twice a day on the 12 hour charts, once a day, daily, once a week weekly. That’s it. Job done. You’re not sitting there watching every paper movement go up and down. You’re not scared to miss something. And so that’s how you can really help yourself with your trading progress there. Absolute certainty you’ll enjoy it better. Absolute certainty you will take higher quality trades because you’re not emotionally involved and you’re not scared of missing something. So that’s a massive tip there that will help your longevity and your profitability and your enjoyment. So take advantage of that information. Trade through Blueberry Markets If you’re out there looking for a suitable broker, I can highly recommend Blueberry Markets that based across the ditch from me. I’m in New Zealand, they’re over in Australia. But it doesn’t matter where you live in the world. Most countries you can open the account and trade through Blueberry Markets. Great people, the Metatrader 4 Metatrader 5 broker platforms and a large variety of different markets, both Forex and now non forex markets, especially on that MT5 platform. Hope that helps. Do not sit looking at your charts or take Do not get emotionally involved in your trades. Do not make stupid rash fast decisions. Take your trading back, slow it and know exactly when to look at your charts. Know what to look for you do far better hope the helps us see this time next week. This is Andrew Mitchem at The Forex Trading Couch. Bye for now. <h2>Episode Title: #505: How to Avoid Spending Hours Watching the Charts?</h2> <h4><a href="https://theforextradingcoach.com/forex-training-masterclass/" rel="noopener nofollow" target="_blank">Signup For my Forex Masterclass</a></h4> <h4><a href="https://bit.ly/3sK8pKU" rel="noopener nofollow" target="_blank">Find out more about Blueberry Markets – Click Here</a></h4> <h4><a href="https://theforextradingcoach.com/online_video_coaching_forex_course.html" rel="noopener nofollow" target="_blank">Find out more about </a>my Online Video Forex Course</h4>

#505: How to Avoid Spending Hours Watching the Charts?

Do You Lack a Clear Trading Strategy?﻿﻿﻿Podcast: Signup For my Forex MasterclassFind out more about Blueberry Markets – Click HereFind out more about my Online Video Forex Course#504: Do You Lack a Clear Trading Strategy?In this video:00:26 – You know the stats – Most people lose01:45 – Spreads will affect Sell trades03:12 – We’re here to help and make this work for you04:05 – Trades taken on a live webinar 04:56 – Clients from 103 Countries05:06 – Profitable trades posted on the Forum site05:59 – Trade through Blueberry MarketsMost people lack a clear trading strategy and it means they're never going to make money out of the forex market. So let's see how we can help you. Let's talk about that and more right now.Hey there, Traders! This is Andrew Mitchem here, the owner of the Forex Trading Coach with video on podcast number 504.You know the stats – Most people loseNow you've all heard the stats. 90 to 95% of traders out there lose money. And it's a well-known fact. And you can see why it's true. And as you can imagine, I get a huge amount of emails and I have quite a number of calls each week with people out there who are looking for help.And the same pattern comes through time after time after time. The people are out there trading. They are putting real money into this. They think they can get onto prop firms early. They see it as a way out, maybe financially. But the issue is, is that almost all of the people I speak to have no idea what they're doing.They don't have a clear strategy. They're swapping and changing systems. They understand the market well enough. They don't understand risk. They don't know how to calculate lot size, they don't know what timeframe charts to look at. They don't know when to trade. They don't really know their strategy in terms of like why they're placing a trade, where to put a stop loss, Why is this a good trade, yes or no?And then of course, things don't works. They go and try and create something else or go to the next thing that they find on some forum somewhere. And that whole lack of consistency, that lack of understanding in the market.Spreads will affect Sell tradesLike I do know that if you take sell trades on especially pairs, that spreads widen like the exotic pairs, let's say at the close of a day, a sell trade can get you wiped out for your stop loss because of a massive widening and spread.But that won't happen on a by trade, you know, do know things like that. Do you know when the close of the day even is do you know how important 5 p.m. New York time is all these types of things. And so do you know how to calculate your risk? You know that Pips are completely irrelevant. Do you know that?Do you know that in some ways having a very, very high win rate is completely irrelevant, You know, all these type of things. So a lack of understanding is what I'm seeing out there all the time. And it's quite concerning because all people are doing is basically jumping into trading and placing some trades. They might get lucky on a few trades and then of course the inevitable happens and it goes wrong and they lose their money or they jump on a prop firm way too early without knowing what they're doing.They have not proven to themselves that they could trade on a demo, even let alone a small live personal account. But they're quite happy to go and throw money into a prop firm because they see that is the easy way out. And the danger there is that you become disillusioned. You don't have confidence in yourself. You think systems rigged, you think the brokers rigging it, you know, whatever it might be.And it all, you know, it all goes wrong. You give up and, you know, you move on to the next thing.We’re here to help and make this work for youAnd we're here to make things different for people. Our aim is to have quality, consistent traders, independent traders.

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

#504: Do You Lack a Clear Trading Strategy?

Trading – Does FEAR Prevent You from Being Profitable?﻿﻿Podcast: Signup For my Forex MasterclassFind out more about Blueberry Markets – Click HereFind out more about my Online Video Forex Course#503: Trading – Does FEAR Prevent You from Being Profitable?In this video:00:32 – I’m not sure if I can trade01:05 – Fear is not real02:03 – Government control02:37 – My personal experiences and fears04:33 – Everyone starts trading at the same place05:37 – Just do it06:06 – Check out my new MasterclassTrading. Can I do this? Or is my fear taking over and preventing me from wanting to even start? Let's talk about that and more right now.Hey, the traders, Andrew Mitchem here at the Forex Trading Coach with video and podcast number 503.Just wanted to come outside. Another beautiful day here to make this video because.I’m not sure if I can tradeI get a few emails from people saying, look, I'm not sure if I can really do this or can I talk to someone because I want to see if I'm right for this.And the issue there is that people just get, I suppose, caught up in fear or the fear of not making it work, the fear of even getting started, the fear of is this too difficult? Is it something I'm going to understand? Am I clever enough for this? Whatever the fears might be, I'm not very good at numbers, you know, all those type of things. And I get that.Fear is not realBut also I suppose from a mindset point of view, fear is something that's just not really there, is it? Something that we all as individuals have this issue with because just think of, for example, the fear of flying. It's not really anything physical. It's just our heads telling us, you know, when people have that fear.And as a pilot myself, I find that really strange. Although I understand it, I find it really strange when I take people for a flying helicopter. People go, I'm terrified of flying. It's like, Well, don't you think that I want to do this and get home and do it properly and safely as well, You know? And so it's a very strange sort of fear there.And when you think about commercial planes, etc., is probably the safest form of transport there is. Yet so many people have a fear that yet they're quite happy to sit in a car and go on the road where there's accidents all over the place, you know. So it's just that mental side of things that people have an issue with.Government controlFear is all, you know, it's all right. And it's just look at the way that the governments around the world for the last three years of have reacted and acted. It's all about control and fear that's made people, you know, sort of scared. Trading is no different. You know, it's all about understanding emotions and controlling emotions.So can you do this? Is it too hard? I want to talk to someone first. I'm not sure all those fearful things are just you having a new experience or scared of a new experience.My personal experiences and fearsAnd from a personal point of view, I get that. You know, the man, when I was making this video, I was putting together some notes and I was thinking, well, from a personal point of view, I left the other side of the world.I left a family farm that had been in the farm for generations, 25 years ago, came to New Zealand, flew to the other side of the world. I mean, what a fearful experience that was. I can tell you I didn't know anybody here. I met my boss once for an afternoon about eight months prior. I didn't know a single other person here, you know, back in the days before Internet as well, and cell phones.So, you know, that was pretty fearful, leaving my only job that I'd ever had and paid employment for a couple of years, few years, and then going to take on huge debt to go and buy my own farm that was fearful when I sold the farm. And what was I going to do next that was fearful, getting into trading?Well, going round in circles for four years, you know,

Trading – Does FEAR Prevent You from Being Profitable? ﻿﻿ Podcast: Signup For my Forex Masterclass Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course #503: Trading – Does FEAR Prevent You from Being Profitable? In this video: 00:32 – I’m not sure if I can trade 01:05 – Fear is not real 02:03 – Government control 02:37 – My personal experiences and fears 04:33 – Everyone starts trading at the same place 05:37 – Just do it 06:06 – Check out my new Masterclass Trading. Can I do this? Or is my fear taking over and preventing me from wanting to even start? Let's talk about that and more right now. Hey, the traders, Andrew Mitchem here at the Forex Trading Coach with video and podcast number 503. Just wanted to come outside. Another beautiful day here to make this video because. I’m not sure if I can trade I get a few emails from people saying, look, I'm not sure if I can really do this or can I talk to someone because I want to see if I'm right for this. And the issue there is that people just get, I suppose, caught up in fear or the fear of not making it work, the fear of even getting started, the fear of is this too difficult? Is it something I'm going to understand? Am I clever enough for this? Whatever the fears might be, I'm not very good at numbers, you know, all those type of things. And I get that. Fear is not real But also I suppose from a mindset point of view, fear is something that's just not really there, is it? Something that we all as individuals have this issue with because just think of, for example, the fear of flying. It's not really anything physical. It's just our heads telling us, you know, when people have that fear. And as a pilot myself, I find that really strange. Although I understand it, I find it really strange when I take people for a flying helicopter. People go, I'm terrified of flying. It's like, Well, don't you think that I want to do this and get home and do it properly and safely as well, You know? And so it's a very strange sort of fear there. And when you think about commercial planes, etc., is probably the safest form of transport there is. Yet so many people have a fear that yet they're quite happy to sit in a car and go on the road where there's accidents all over the place, you know. So it's just that mental side of things that people have an issue with. Government control Fear is all, you know, it's all right. And it's just look at the way that the governments around the world for the last three years of have reacted and acted. It's all about control and fear that's made people, you know, sort of scared. Trading is no different. You know, it's all about understanding emotions and controlling emotions. So can you do this? Is it too hard? I want to talk to someone first. I'm not sure all those fearful things are just you having a new experience or scared of a new experience. My personal experiences and fears And from a personal point of view, I get that. You know, the man, when I was making this video, I was putting together some notes and I was thinking, well, from a personal point of view, I left the other side of the world. I left a family farm that had been in the farm for generations, 25 years ago, came to New Zealand, flew to the other side of the world. I mean, what a fearful experience that was. I can tell you I didn't know anybody here. I met my boss once for an afternoon about eight months prior. I didn't know a single other person here, you know, back in the days before Internet as well, and cell phones. So, you know, that was pretty fearful, leaving my only job that I'd ever had and paid employment for a couple of years, few years, and then going to take on huge debt to go and buy my own farm that was fearful when I sold the farm. And what was I going to do next that was fearful, getting into trading? Well, going round in circles for four years, you know,

#503 – Trading – Does FEAR Prevent You from Being Profitable?

Celebrating 14 Years of Helping Traders Worldwide﻿Podcast: Find out more about Blueberry Markets – Click HereFind out more about my Online Video Forex CourseSignup For my 14th Birthday Sale#502: Celebrating 14 Years of Helping Traders WorldwideIn this video:00:39 – We turn 14 years old at TFTC 01:31 – The strategy has never changed02:27 – Our amazing trading community02:50 – Your chance to join us this week03:58 – Blueberry MarketsWe're celebrating 14 years here at the Forex Trading Coach, and we're going to give you an absolutely amazing opportunity to come and join us at a crazy low price for three days for this week only. Let's get into that and more run that.Hey, the traders, Andrew Mitchem here, the Forex Trading Coach for a video and podcast number 502.Just come outside today and you can see in here behind me the first snow of the year on the mountains behind. And what better way to come out in the fresh air, in the sunshine and talk about trading.We turn 14 years old at TFTC So we turn 14 years old at the Forex Trading Coach this week. When you get to watch this video, something we're incredibly proud of. I've just had personally my 50th last week as well, 50th birthday and 14 years of coaching. So a big time for celebration.So look, we're incredibly proud of what we've achieved over the last 14 years with our community of help. So many people worldwide. To achieve financial freedom and success and basically change lives for people. So many people have joined us that are being completely and utterly frustrated with their trading and not making money. And we've been able to help change things around for them.And likewise, we've had people never traded ever in their life. And the good thing is, from their point of view is they get to learn a system straight up with with no bad preconceived ideas. So it doesn't really matter where you are in the journey or in the spectrum that we can certainly help you.The strategy has never changedThe other thing to let you know, over the last 14 years, like obviously things change and things have got better and better in terms of improvement.The delivery of how we provide the course. But the strategy has never, ever changed. And I could go back 14 years and look at webinars that I started. Back then 2009 - 2010 and the strategy, the trades I'd taken back then would be identical to the trades taken just today. So that's a huge credit for the strategy and the course because it works across all markets, all time frame charts and that new market such as like the indices, cryptos, commodities, etc., like that as well.And the good thing is they never change because it's based on sound logical principles of price action. And so therefore, if the market is showing the quality set up, if you take the trades, if they setups are not there, you don't take the trades as simple as that really.Our amazing trading communityBut look, over these years we've just built up a fantastic community of go ahead, like minded progressive people all trading that one strategy and the community is a massive part of what we have.Through our forum sites, through our Daily trades, through our live webinars, everybody looking at the same charts at the same time because we all use our MT4/MT5 indicators and templates.Your chance to join us this weekBut if you not a client right now, this week is going to be your best opportunity. We are only holding one sale this year and it's going to be right now between Tuesday and Thursday.We're going to give you the option to join us for crazy low price. There's also going to be a split payment option as well. To find out more, click on the link that I'll put on this video and podcast and it will take you through your page where you can find out the price, how you can join, what dates it's on, etc. and take advantage of that.Look, if you want to change your trading around and become f...

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

#502: Celebrating 14 Years of Helping Traders Worldwide

Learn How to Pass a Prop Firm Challenge﻿﻿﻿Podcast: Find out more about Blueberry Markets – Click HereFind out more about my Online Video Forex CourseJoin my Forex Training Masterclass#501: Learn How to Pass a Prop Firm ChallengeIn this video:00:28 – Lacking the capital to make a good income? 01:25 – Prop firms to the rescue01:52 – Make sure you are profitable first03:33 – How much to risk per trade?05:19 – High Reward:Risk Trades06:15 – View my new on-demand masterclass06:54 – Take a look at Blueberry MarketsProp firms. They're a great way to make a substantial income through trading in the Forex market. But how do you pass their Challenges successfully and consistently? Let's talk about that and more right now.Hey there, Forex traders! Andrew Mitchem here, the owner of the Forex Trading Coach with video and podcast number 501.Lacking the capital to make a good income? Now, traditionally people have always had an issue when it comes to trading and the feeling that they cannot make a substantial income out of their trading.And it's a question that I've been, you know, sort of presented with for years and years and people go. Look, Andrew, love to do your course, but I've got $10,000. I spent a couple thousand dollars on your course. I don't really have enough money. Even if I can make 50% in a year, you know, to actually make something substantial out of my trading account.And it's understandable. And my answer has always been, well, that's fine. And I know it's easy for me to say, but you've got to learn to trade properly first, learn how to first still doesn't actually solve the issue for the individual. And, you know, in the past, people were able to do things like maybe trade funds for other people or sell signals and things like that, but it's always been a little bit difficult.Prop firms to the rescueHowever, over the last few years, you'd have noticed we've got a massive influx of prop firms and like everything in the Forex market and everything online, there's good in this. Maybe not so good. You have to do your research to find out what you consider to be a good prop firm. But my job as an educator and as someone who provides a forex strategy is to give you some tips and information of how you can best passed those firm challenges.Make sure you are profitable firstSo the first thing you need to do before you even get to that stage of thinking about a prop firm is make sure that you are consistently profitable yourself. If you're learning a new strategy, like if you're coming to us and it doesn't matter how big your account is, how long you've been trading, I always say to people, get onto a live demo account and a small live demo account of that and make sure you're profitable on that first.The reason is then you gain confidence in yourself and the strategy and the group of people like us that you've joined, etc. You've got to gain confidence in doing this properly first, then move on to your own personal live account. Doesn't has to be big. It doesn't really matter what size it is, but the ability to be successful and consistent on a live account with low drawdown.Really important point there. because when you move to a prop firm, you're then got confidence in yourself. You've got confidence in your strategy and your ability. The reason I mention low drawdown is because ultimately when you go to a prop firm, you have to make sure you're preserving their capital. That's why they have those rules in place. Most of them have like about a 5% maximum drawdown, and rightly so.This is their capital that, you know, even if you passed a few demo challenges and you want to real money, this is their capital. They're risking this for you to trade it. If you don't know what you're doing and you're out there risking 3%-5% to trade, you don't last long. You're just going to keep paying them. Lots of small subscriptions.

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

#501: Learn How to Pass a Prop Firm Challenge

Lessons from my 20 years as a Forex Trader﻿﻿Podcast: Find out more about Blueberry Markets – Click HereFind out more about my Online Video Forex CourseJoin my Forex Training Masterclass#500: Lessons from my 20 years as a Forex TraderIn this video:00:20 – How my 20 years of trading knowledge can help you 00:47 – Trading is hard work02:40 – You are in a fortunate position today 03:33 – Our commitment to quality05:22 – Get the basics right first06:42 – View my new on-demand masterclass07:07 – Take a look at Blueberry MarketsI want to help you by explaining some of the things that I found out in the last 20 years as a full time forex trader. Let's talk about that and more right now.Hey, the traders, Andrew Mitchem here at the Forex Trading Coach with video and podcast number 500.How my 20 years of trading knowledge can help you   So big celebration today, something we are really proud of. And I'd like just to come out so I this you can see here nice sort of autumn day here in Nelson and wanted to explain what I've learned so I can pass the information on to you and help you to become a better trader by shortcutting the learning process for you.Trading is hard workSo first of all, let's just be real about this. Good trading is hard. It takes time, it takes dedication, it takes commitment. If you're the sort of person that is lazy or you think it's just going to suddenly, roll off and make you a multi-millionaire by next month, it's not for you, or certainly we're not for you.You're probably wasting your time. In all honesty, you have to be real about this. And so I think that is one of the things that I find, especially with coaching, you know, from time to time and it's probably on a daily basis, people will come to me and say, Andrew, how much can I make from this? Or I don't like my job, I want to replace it with trading.Now there's a few things there. If you want to put some effort, time, commitment, financial commitment, your own time, commitment, a bit of hard work. Yes, it can work. And yes, you can replace your your income with it. Lost of ways you can do that? Like prop firms, etc. like that. But you still have to start small. You have to learn to walk before you can run.All those kind of phrases are so, so true and trading. And over the last 20 years, I think that's probably one of the biggest things that I find because online obviously there's a lot of makes it look easy things, a lot of, you know, YouTube videos everywhere. Everybody's got an opinion or a method that, you know, it's going to make you a multimillionaire next week.They’re driving around in this red flash Ferrari and things like that. Laptops and pretty women sat next them. Look, they're all hired. They’re not real, they’re staged. When I fly around in my helicopter and show you that's me flying in my own helicopter. I've done that through hard work trading and hard work to learn how to do that and hard work to be able to afford, how to do that.So it's real. It's taken 20 years, you know, it's not something I started, and within a month I was suddenly owning a helicopter. So get it real and realize that I have gray hair and it takes time. And that's what you have to accept.You are in a fortunate position today But you are in a fortunate position because, you see, when I started, we are on dial up Internet. Things were very different. Not a lot of information out there. I had a one gigabyte plan when I started trading on dial up. First of all, I had to get the Internet to work and actually stay stable and then one gigabyte plan, which my mates were absolutely amazed at, that I had a one gigabyte per month Internet plan.It was huge. And then I remember we went to 10 Gig and everybody was just blown away that I would have such a massive amount of Internet per month. And of course things have changed as everything does. Technology changes everything. It gets better,

Lessons from my 20 years as a Forex Trader ﻿﻿ Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Join my Forex Training Masterclass #500: Lessons from my 20 years as a Forex Trader In this video: 00:20 – How my 20 years of trading knowledge can help you  00:47 – Trading is hard work 02:40 – You are in a fortunate position today  03:33 – Our commitment to quality 05:22 – Get the basics right first 06:42 – View my new on-demand masterclass 07:07 – Take a look at Blueberry Markets I want to help you by explaining some of the things that I found out in the last 20 years as a full time forex trader. Let's talk about that and more right now. Hey, the traders, Andrew Mitchem here at the Forex Trading Coach with video and podcast number 500. How my 20 years of trading knowledge can help you    So big celebration today, something we are really proud of. And I'd like just to come out so I this you can see here nice sort of autumn day here in Nelson and wanted to explain what I've learned so I can pass the information on to you and help you to become a better trader by shortcutting the learning process for you. Trading is hard work So first of all, let's just be real about this. Good trading is hard. It takes time, it takes dedication, it takes commitment. If you're the sort of person that is lazy or you think it's just going to suddenly, roll off and make you a multi-millionaire by next month, it's not for you, or certainly we're not for you. You're probably wasting your time. In all honesty, you have to be real about this. And so I think that is one of the things that I find, especially with coaching, you know, from time to time and it's probably on a daily basis, people will come to me and say, Andrew, how much can I make from this? Or I don't like my job, I want to replace it with trading. Now there's a few things there. If you want to put some effort, time, commitment, financial commitment, your own time, commitment, a bit of hard work. Yes, it can work. And yes, you can replace your your income with it. Lost of ways you can do that? Like prop firms, etc. like that. But you still have to start small. You have to learn to walk before you can run. All those kind of phrases are so, so true and trading. And over the last 20 years, I think that's probably one of the biggest things that I find because online obviously there's a lot of makes it look easy things, a lot of, you know, YouTube videos everywhere. Everybody's got an opinion or a method that, you know, it's going to make you a multimillionaire next week. They’re driving around in this red flash Ferrari and things like that. Laptops and pretty women sat next them. Look, they're all hired. They’re not real, they’re staged. When I fly around in my helicopter and show you that's me flying in my own helicopter. I've done that through hard work trading and hard work to learn how to do that and hard work to be able to afford, how to do that. So it's real. It's taken 20 years, you know, it's not something I started, and within a month I was suddenly owning a helicopter. So get it real and realize that I have gray hair and it takes time. And that's what you have to accept. You are in a fortunate position today  But you are in a fortunate position because, you see, when I started, we are on dial up Internet. Things were very different. Not a lot of information out there. I had a one gigabyte plan when I started trading on dial up. First of all, I had to get the Internet to work and actually stay stable and then one gigabyte plan, which my mates were absolutely amazed at, that I had a one gigabyte per month Internet plan. It was huge. And then I remember we went to 10 Gig and everybody was just blown away that I would have such a massive amount of Internet per month. And of course things have changed as everything does. Technology changes everything. It gets better,

#500: Lessons from my 20 years as a Forex Trader

Why Schools Will Never Teach Trading﻿﻿Podcast: Find out more about Blueberry Markets – Click HereFind out more about my Online Video Forex CourseJoin my Forex Training Masterclass#499: Why Schools Will Never Teach TradingIn this video:00:29 – #1 Learning how to trade is not taught in schools 03:25 – There’s no better time to learn than right now03:52 – #2 Our new on-demand Masterclass 04:33 – #3 Blueberry Markets04:55 – Next week is video #50005:14 – Share, Like &amp; SubscribeLearning how to trade or even why you should look at learning how to trade is something that will never be taught in schools, colleges, or universities. Let's talk about that and more right now .Hey there, Traders!. It's Andrew Mitchem here at The Forex Trading Coach. With video and podcast number 499. We've got three important things to discuss.#1 Learning how to trade is not taught in schools The first is, I believe that learning how to trade or why you should even think about learning how to trade is something you'll never find in schools or university. It doesn't matter where you live in the world. Why? Well, it's because it's different. It's because schools are generally set up to teach you how to go and learn a skill to be able to go and work.And generally that means you're out there learning and, you know, to work for someone for generally X number of dollars or pounds or euros or yens per hour. It's creating something for the masses to go out there, learn a skill that is your job for life and you go to work, you earn your money, you come home. And it's something that sadly the education system is set up for.And although there are some schools that are good, there are universities that are good, there are good teachers, but the vast majority of teachers there do not have the skills themselves to think about something different, to think outside the box, to think outside the curriculum, to be entrepreneurs, to look at things like trading. Because that's not the sort of person they are.That’s why they are teacher, That's why they teach history or English or Maths or Geography, whatever it might be or very, very important skills. And I can assure you I'm not knocking them, but what I'm saying is that in general, in my experience and don't forget I've had five kids that I find that schools are just very stuck in their ways of getting enough people through the system, ticking enough boxes, the teachers just getting by, getting enough kids through.You generally find that most kids are really, really good. Get bored at school because the teacher spends all their time worrying about the kids who are not good at school and getting them up through enough to get the teachers a pass mark and make the school of good. That's the general way of how it works and looking at things like online businesses, it's really strange because when you consider that, you know, there are so many online businesses now and entrepreneurship and things like that, we don't get taught that.And there's so many basic money skills in life. I had to open a bank account, what's a mortgage? All those things that most schools and most kids are leaving school, getting into adult life do not know. And so trading is one of those things. And again, it comes back to it's not in the curriculum because the education system probably doesn't understand or doesn't want you doing it.The teachers, most of them, certainly don't understand it anyway. Big problem, as you can see. So that's why I think that education in trading and learning how to trade and why potentially you should look at learning how to trade is such a flaw in the education system and that's why something like ourselves here at the Forex Trading Coach can offer you something that you're probably not going to find in many places out there.There’s no better time to learn than right nowIf you are young, there's no better chance and time to get into it than right n...

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

#499: Why Schools Will Never Teach Trading

Why Trading for 30 Minutes a Day is Better than Trading for 8 Hours a Day﻿Podcast: Find out more about Blueberry Markets – Click HereFind out more about my Online Video Forex CourseJoin my Forex Training Masterclass#498: Why Trading for 30 Minutes a Day is Better than Trading for 8 Hours a DayIn this video:00:28 – Less is More 00:53 – FOMO – Fear Of Missing Out02:05 – Trade for enjoyment 03:03 – Trade examples from this week04:38 – Our NEW on-demand Masterclass05:20 – Blueberry MarketsI'm going to explain why trading and looking at your charts for 30 minutes a day is so much better than trading and looking at your charts for 8 hours a day. Let's get into that more right now.Hey there, Forex Traders! Andrew Mitchem here at the Forex Trading Coach with video and podcast number 498.Less is More I want to talk about something that might seem so obvious, but unfortunately most people don't do it.And that is why trading 30 minutes at a maximum is so much better than staring at your charts and being glued to the screen for 8 hours or more day. Well, as I mentioned, it seems so obvious, doesn't it? What are the benefits? Well, they're endless. But why is it that so few people do that?FOMO – Fear Of Missing OutSo it probably comes down to when you start trading, you think that you need to do more and more and you need to be glued to the charts all day and all night.You just can't get away from it. You're watching every pip movement up and down your flicking between different charts, different timeframes, different currency pairs, different markets, and you then think that you need to get into trading different sessions and you need to be there at the beginning of the European session. You need to trade during the US session.We need to trade all the news announcements, the Red high impact news announcements. So that you see on Forex Factory. You think you need to trade those as well. You've been told that the main price action happens when Europe's open and America is open. So you have to trade then. And I know exactly what it's like because years ago when I started trading, I knew exactly the same.I was trading those sessions, which is night time. My time I was trading news announcements and setting my clock on my watch all the time to be there 5 minutes before those major news announcements in then. All through the night. And trying to do that with five young kids as well is a bit of a nightmare to be honest. And I'm glad it didn't last for too long before I finally figured out that it wasn't a good idea.Trade for enjoyment So to trade properly, to trade with enjoyment and I've been doing this for 18 years now and teaching for 14 years, so I can tell you with some knowledge, some experience of what works and what does not work. And I can tell you that if you can trade properly with looking at a chance a few times a day, 15 to 30 minutes a day, it's enjoyable because it's real, it provides longevity and it provides enjoyment in what you're doing.It doesn't burn you, it doesn't stress you out. You can carry on doing what you're doing. You can carry on with family life, other jobs, whatever it is that you're doing, you can trade on prop firms. You don't need to be spending all day and night doing it and you can copy across from a main account to prop firm account.So just because you think I'm doing this for not much time in the day doesn't mean to say that it's wrong or it's lazy or anything like that is absolute complete opposite. It's what makes trading real and enjoyable and profitable.Trade examples from this weekTo give you some examples from three trades that I took this week, we started off trading this week after the Easter break on Wednesday and on Wednesday I posted three trades off the daily charts based off the daily charts for our clients.It was a sell trade on the USD/CAD, buy trade on the EUR/USD and a buy trade on the EUR/HK...

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

#498: Why Trading for 30 Minutes a Day is Better than Trading for 8 Hours a Day

What Makes a Good Forex Trader?﻿﻿﻿﻿﻿Podcast: Find out more about Blueberry Markets – Click HereFind out more about my Online Video Forex CourseJoin my webinar for new tradersJoin my webinar for the more experienced trader#497: What Makes a Good Forex Trader?In this video:00:23 – Pre-flight completed and ready to fly 00:53 – Hard work and dedication needed01:45 – Learning to fly is hard, but incredibly rewarding02:09 – The best student ever03:40 – Getting yourself trained04:35 – The TFTC Coaching CourseWhat makes a good forex trader? What characteristics do they have that you could learn from? So you two can become a good trader. Let's talk about that more right now.Hey, the traders Andrew here at the Forex Trading Coach video and podcast number 497.Pre-flight completed and ready to fly As you can see here, I'm out at the airport just a preflight ready to go for a flight very shortly. And what does it make this podcast and video out here? Because yesterday I was talking to Etienne Crete, who runs a really good Traders podcast. And on itWe discuss what characteristics make a good trader and can someone learn those or is it just something they just happen to be born with that makes up your character? And so I said to Etienne that it's really important that you're quite a thorough type of person in many ways.Hard work and dedication neededAnd I was quite fortunate in some ways that I was born on a dairy farm where you have to go and milk cash twice a day.It doesn't matter whether it's Christmas, your birthday, you're feeling ill, you know, the sun's out, raining and snowing doesn't matter. You have to go and do that seven days a week. You get no choice. And so being brought up on a dairy farm or anything to do with looking after animals or children and things like that when you cannot get away is a big characteristic.And I think that makes a good person who is going to be good for trading the forex market. And likewise, I've always done a lot of martial arts and judo and karate, and same thing with that. You've got to have that respect, that discipline, that hard work ethic, and you realize that it's not as easy as it's made out to be.But you also realize that if you do put that time and effort and dedication into things that the results are just incredible.Learning to fly is hard, but incredibly rewardingAnd it's no different with this helicopter behind me here. You know, ten years ago, if you said, first of all, I own a helicopter, will even be able to think about flying it, then I thought you'd be crazy.But with some time, dedication, hard work, effort and commitment and investment, it's happened. And here it is behind me now.The best student everIt's it's no different to trading the amount of people that come to me and go, I'm just going to be your best student ever. I'm going to join your course and I'm just going to be the best student ever.And they don't join the course and they go off and do something else, you know, because there's no real effort or commitment that and it's incredible how often that happens, because for some people, like actually joining a course is just too hard. You know, they've got to learn something, get it, got to give up a bit of time to dedicate to actually making this work.Whereas everybody seems to want the quick fix and the easy answer and you know, they go to forum sites and various other video sites and just think that they're going to find the free answer and the Holy Grail there. The bad news is you're not. So you do have to put some effort in. Now, I'm going to see if I can move this camera around.Well, I'll show you inside here, because, look, I'm not exactly mechanically minded, but I have to know all about this hydraulic system in here. I have to know about this turbine in here. You know, I have to know about the weather. I have to know about the law. I have to know about them.

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

#497: What Makes a Good Forex Trader?

Learning to Grow as a Trader﻿﻿﻿﻿Podcast: Find out more about Blueberry Markets – Click HereFind out more about my Online Video Forex CourseJoin my webinar for new tradersJoin my webinar for the more experienced trader#496: Learning to Grow as a TraderIn this video:00:26 – Being self sufficient 00:42 – Nothing to see here01:44 – Learning how to trade is exactly the same02:07 – Putting in the effort reaps the reward03:00 – Think of your trading is like growing a plant03:16 – Get onto one of my webinars03:38 – Choosing a broker – Blueberry MarketsYou need to learn to grow as a trader. It's no different to planting your own food like I've just done behind me here. Let's talk about that and more right now.Hey, the traders! Andrew here at the Forex Trading Coach with video and podcast number 496.Being self sufficient Now we like to be pretty self-sufficient here. We grow our own food. In fact, of this planted here in this brand new garden bed that I've just built behind here, some broccoli and some cauliflower and some garlic and some cabbages as we head into winter here.Nothing to see hereNow, there's nothing here to see. Right now, it's just empty. You can't hardly see the plants I put in, but that's because it's all new. And they need time to grow and to nurture. And we like to be self-sufficient. As I mentioned, with our own food. We like to avoid supermarkets as much as we can. We grow our own food around vegetables and fruit. We've got our own meat, our own fish, and yeah, we've got our eggs and, you know, everything you can possibly really want.And that's our choice. But it takes some hard work and dedication. But the rewards are massive because you feel better. Everything's home grown. You know what treatments it's had or not. It's there to pick in season. And although it's hard work and it takes some dedication and you get your ups and downs, you get your failures, certainly, you know, things go wrong, the weather and whatever it might be, something eats it and you've got to start again.It can be frustrating. And it got me thinking when I was putting these plants in here, just that I'm going to make my weekly video and podcast on this exact topic about planting.Learning how to trade is exactly the sameBecause it's no different from you learning how to trade. You know, when you start off you like this, you put all this effort in and you can't see anything and you kind of wonder like you all that cost of building it.I've just put six cubic meters of soil in here. Grown the plants from seeds, put them in, and I still can't see anything. There's no reward there yet, you know, there's no plant, there's no food yet, and trading's no different.Putting in the effort reaps the rewardYou've got to put that time in that effort, in that commitment upfront. And yes, you will get failures.There is no doubt about it. Things will go wrong, You'll do silly things, you'll lose money. You have great straight set ups that will lose money. And that's just the nature of trading. But once you know what you're doing, once you've had some success and some time in like the business. Like of these plants here, when they grow and I could show you trees up here of avocados and tomatoes and lemons and nut trees and figs and pumpkins growing up there and watermelon and all sorts of things and corn.How well can I see behind me here there's cabbage, there's lettuce, there's quail, there's peppers, there's all these things I can see behind the camera here that are growing because we put the time and the effort in, you know, previously to get them to grow to that stage.Think of your trading is like growing a plantSo think of me trading like growing a plant, nurture it and put some effort in, help it grow and accept there'll be a few losses and a few failures, but accept also that once you if you stick at it, the rewards are massive.

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

#496: Learning to Grow as a Trader

How Long Does it Take to Become a Profitable Trader?﻿﻿﻿Podcast: Find out more about Blueberry Markets – Click HereFind out more about my Online Video Forex CourseJoin my webinar for new tradersJoin my webinar for the more experienced trader#495: How Long Does it Take to Become a Profitable Trader?In this video:00:28 – How long does it take to become a good trader? 00:48 – How long is a piece of string?01:45 – Be patient for long term success02:16 – What should you do?03:07 – Using your demo account correctly04:15 – The next stage to trading live and prop firms05:19 – Choosing a broker06:19 -  Like &amp; SubscribeHow long will it take somebody to learn how to trade the forex market properly and turn into a profitable trader? It's a question that everybody has. Let's talk about that and more right now.Hey, forex traders! It's Andrew Mitchem here at the Forex Trading Coach with a video and podcast number 495.How long does it take to become a good trader? And that's right, everybody wants to know, how long is it going to take me to learn how to trade properly? How long is it going to take me to be profitable as a trader, whether I know absolutely nothing or for some people they've been going around in circles doing this for years.How long is it going to take me, especially if I'm starting a new strategy and a new course?Well, the answer really is, is how long is a piece of string? But what I can tell you, in other words, there is no one answer. But what I can tell you is this The more that you are patient, the more that you put your dedication and time upfront into learning, the more that you forget about making money, the better you will be long term.And what I mean by that is that so many people just charge straight in headfirst like a bull in a china shop. Just go, I want to make money or they paid for course. I want to pay off this course really quickly or they're in debt or they've lost their job, whatever it might be. Everybody's always focused on how much money they're going to make.And when you focus on the money that you're going to make, you're going to do things wrong. You're going to do silly things, you're going to take gambles, take big risks, because all you're doing is focusing on the outcome of the monetary side of things.Be patient for long term successWhat you need to do is take your time and be patient, because I can promise you, if you do that slowly, carefully, methodically, almost in a boring way, and your long term chances of being a profitable and highly skilled forex trader are massively increase.And I can tell you that because I've been trading the markets for nearly 20 years and I've been and seen it all from my own experiences and through the thousands of people that have come on board with us here at the Forex Trading Coach.What should you do?So what can you go and do? Well, first of all, if you're learning a strategy, you've got to learn it properly.You've got to get onto demo accounts, you've got to make your mistakes on a demo account, whether it be a money management thing or whether it's a partial closing thing or trading the wrong direction, whatever it might be, use the demo accounts carefully and use them to your advantage. Now, the other thing you got to be careful with a demo account is you don't open up too big an account size, a lot brokers will give you, let's say 50,000 or 100,000.That's unrealistic for when you're going to go live. So I suggest you open a demo account and try and get down to one of the smallest sizes that you can have, maybe sort of 10,000 or something like that, because then it becomes real when you go live and nothing really changes.Using your demo account correctlySo once you've made all those silly mistakes of entering and exiting trades, you then need to use your demo as though it were real and you have to use it and carefully and properly.Don't just think, Oh,

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

#495: How Long Does it Take to Become a Profitable Trader?

Online Forex Trading Course

I've got two great bits of information to share with you today. Number one I'd like to share with you how you can trade as a full time forex trader by spending one hour or less looking at your charts per day. I'm sure you'd like to know that. Number two, I'd like to share with you some great news. I am coming to America, so if you are in America or maybe in Canada I'd love to come and meet you. I will be in America in the first two weeks of June in North Carolina and Washington, DC so more about that at the end of this video and podcast.

#219: How To Trade Forex In Less Than 1 Hour Per Day

﻿﻿﻿﻿﻿Podcast: How to be one of the few profitable traders?In this video:00:29 – Why so many traders lose money01:30 – Massive losses from traders01:45 – You need to be realistic02:35 – Seek education03:35 – Trading while on holiday04:45 – Would you like to follow my trading?05:45 – Anything could happenWhy is it that so many traders lose so much money? And more importantly, what can you do to ensure you're not one of those people? This is a very, very important subject. So let's get into this and more right now.Hey, Forex Traders, Andrew Mitchem, here, from the Forrest Trading Coach with video and podcast number 328.Why so many traders lose moneyAnd I want to talk about why is it so many people lose money? And that, that has been as a result of an e-mail that I received earlier in the week from a company called Darwinex. I don't belong to them, but I'm on their mailing list, and they sent me this. And back in 2015, the accounts that they had with them lost 78% of their value. 2016, almost 51%, 2017, 47%, and last year, 2018, 38%. And so far this year, almost 10%.So, a massive loss in the cumulative accounts of their clients. Now, as they said, the results are getting better, which is good, and are still huge losses, by the way. But like they also said on here is they encourage, or want to encourage other brokers to publish their account losses. Because like they said, the other brokers, or a lot of the other brokers probably had far worse losses than Darwinex themselves do.Massive losses from tradersBut think of that, that first year, 78% loss on accounts cumulative. And even today, still massive losses. So, that's not good.You need to be realisticBut you need to be realistic, and I'm here as a real trader to tell you that you need to be realistic. Most people will show you flashy cars and Porsches, and all that type of thing. I don't do that. I'm here trading from home, telling you as it is. And you need to figure out that if you are serious about wanting to become a Forex Trader, as a full-time trader, or just someone that's doing it for enjoyment or a passive income, what is it that you can do differently so that all these other people that can basically put you on the other side to make sure you're one of those few people who are making, not even just breakeven or a little bit of money, but some good, consistent gains? Because ultimately that's why we all do this, isn't it? We're here to become good Forex traders and to make income from it.So, what can you do about it? Well, there's lots of reasons why those people are losing.Seek educationBut what you can do, is you can seek yourself some education. And I strongly believe that that is a very, very good option. But the problem, then, becomes, is when I look around at other courses that I see online, is that while they're systems or they're strategies, that most of them are not very realistic in terms of being able to trade them all the time.I've been doing this for over 15 years. And teaching for over 10. And I'm still doing it, and I still love it, and I still get a passion and a buzz out of it, because it's enjoyable and it's something that I can work in with other things that I do. If I would have sat here, looking at these screens, all day, every day, it would drive me mad. And I would have given up years ago, regardless of making money out of it. But, because of the way I trade, and it's longer time frames, it's less chart time, it's more enjoyable, more reliable, I believe that's one of the reasons why it's realistic.Now, you may have heard, and if you haven't, then I'm going to tell you, and if you have, sorry that I'm going to repeat myself.Trading while on holidayBut on Monday, probably the day you get this video, Monday the 8th of July, I'm heading overseas for just over three weeks with myself and my family. And we're heading over to the UK and Europe.

﻿﻿﻿﻿﻿ Podcast: How to be one of the few profitable traders? In this video: 00:29 – Why so many traders lose money 01:30 – Massive losses from traders 01:45 – You need to be realistic 02:35 – Seek education 03:35 – Trading while on holiday 04:45 – Would you like to follow my trading? 05:45 – Anything could happen Why is it that so many traders lose so much money? And more importantly, what can you do to ensure you're not one of those people? This is a very, very important subject. So let's get into this and more right now. Hey, Forex Traders, Andrew Mitchem, here, from the Forrest Trading Coach with video and podcast number 328. Why so many traders lose money And I want to talk about why is it so many people lose money? And that, that has been as a result of an e-mail that I received earlier in the week from a company called Darwinex. I don't belong to them, but I'm on their mailing list, and they sent me this. And back in 2015, the accounts that they had with them lost 78% of their value. 2016, almost 51%, 2017, 47%, and last year, 2018, 38%. And so far this year, almost 10%. So, a massive loss in the cumulative accounts of their clients. Now, as they said, the results are getting better, which is good, and are still huge losses, by the way. But like they also said on here is they encourage, or want to encourage other brokers to publish their account losses. Because like they said, the other brokers, or a lot of the other brokers probably had far worse losses than Darwinex themselves do. Massive losses from traders But think of that, that first year, 78% loss on accounts cumulative. And even today, still massive losses. So, that's not good. You need to be realistic But you need to be realistic, and I'm here as a real trader to tell you that you need to be realistic. Most people will show you flashy cars and Porsches, and all that type of thing. I don't do that. I'm here trading from home, telling you as it is. And you need to figure out that if you are serious about wanting to become a Forex Trader, as a full-time trader, or just someone that's doing it for enjoyment or a passive income, what is it that you can do differently so that all these other people that can basically put you on the other side to make sure you're one of those few people who are making, not even just breakeven or a little bit of money, but some good, consistent gains? Because ultimately that's why we all do this, isn't it? We're here to become good Forex traders and to make income from it. So, what can you do about it? Well, there's lots of reasons why those people are losing. Seek education But what you can do, is you can seek yourself some education. And I strongly believe that that is a very, very good option. But the problem, then, becomes, is when I look around at other courses that I see online, is that while they're systems or they're strategies, that most of them are not very realistic in terms of being able to trade them all the time. I've been doing this for over 15 years. And teaching for over 10. And I'm still doing it, and I still love it, and I still get a passion and a buzz out of it, because it's enjoyable and it's something that I can work in with other things that I do. If I would have sat here, looking at these screens, all day, every day, it would drive me mad. And I would have given up years ago, regardless of making money out of it. But, because of the way I trade, and it's longer time frames, it's less chart time, it's more enjoyable, more reliable, I believe that's one of the reasons why it's realistic. Now, you may have heard, and if you haven't, then I'm going to tell you, and if you have, sorry that I'm going to repeat myself. Trading while on holiday But on Monday, probably the day you get this video, Monday the 8th of July, I'm heading overseas for just over three weeks with myself and my family. And we're heading over to the UK and Europe.

#328: How to be one of the few profitable traders?

:﻿﻿﻿Podcast: The Best Way to Become a Successful Forex TraderIn this weekly video:00:22 – How you can become a successful Forex trader01:10 – We teach how to trade in real time02:17 – We show you how to trade from the right hand side of the chart02:27 – #1 - Daily Chart Trades03:26 – #2 – Live Weekly 2 hour long webinars04:07 – #3 – Client’s Forum Site05:17 – If you’d like our help with any trading issuesWhat's the best way for you to learn how to become a successful forex trader? Let's talk about that and more right now.Hi, forex traders, Andrew Mitchem here from The Forex Trading Coach with video and podcast number 310.How you can become a successful Forex traderNow we're gonna talk about how you can become a successful forex trader and what is the best way for you to learn how to do that. They say everybody's different, everybody learns in different ways. Of course, some people are visual, some like to do things themselves, some like to read. Many, many different ways. But I firmly believe that what sets us apart as a forex education company is that first of all, we're real traders. I'm making this video and podcast. I'm not home in my office with my screens behind me here. I'm a real trader doing this day in, day out. And have done so for 15 years. So that's a really important point. We're not set in some office in London, or New York, or Sydney, or somewhere with call centres. We're not that at all. That's far from what we are. We're real traders. So that's the first thing.We teach how to trade in real timeThe second thing is is that because we're real traders, we teach people how to trade the way that we trade in real time. And I think that for you as someone who's learning how to trade a strategy is absolutely critical. And that's what sets us apart. You see, we've got three different ways of teaching our clients how to trade our strategy in real time. You can go online, and you can see videos, and you can see screenshots of the perfect trade, and someone's highlighted this trade, and it's working just beautifully. You notice how it does that. It always works beautifully. But the problem is that you as a trader, you get to understand the strategy, and you get to learn it, et cetera. You pay for it. And you cannot make it work in real time. That becomes the problem. And the issue there is that hindsight, everybody's multi, multi millionaires. Simple. And the problem is that you have to learn to trade in real time from the right hand side of the charts without any of that hindsight. Without any of those losing trades. You've gotta trade the perfect trade every time. But how do you find it?We show you how to trade from the right hand side of the chartAnd so that's what makes us different because we teach that trading from the right hand side of the chart because that's what we do ourselves. Three different ways that we help our clients with this.#1 - Daily Chart TradesThe first one is that we place data chart trades on our membership site for clients to follow along. We analyse the data charts each day. And between 5:15 and 5:30 PM Eastern Standard Time, so that's about 15 to 30 minutes after the day the candle opens the new day, we place specific trades based on the daily charts for our clients to follow. So it's all in real time. The market hasn't even started to move yet at that time of the day. We're saying these are the trades that we're looking at, giving all the reasons for the trade set up, plus we are giving the exact entry and exit levels for people to follow along, learn from, and also to earn from. But the most important part of that is the learning because it's learning to train your eye in real time from that right hand side of the chart without any of the benefit of what might happen next or hindsight. So really important. That's a daily occurrence. You get that five days a week.#2 – Live Weekly 2 hour long webinars

:﻿﻿﻿ Podcast: The Best Way to Become a Successful Forex Trader In this weekly video: 00:22 – How you can become a successful Forex trader 01:10 – We teach how to trade in real time 02:17 – We show you how to trade from the right hand side of the chart 02:27 – #1 - Daily Chart Trades 03:26 – #2 – Live Weekly 2 hour long webinars 04:07 – #3 – Client’s Forum Site 05:17 – If you’d like our help with any trading issues What's the best way for you to learn how to become a successful forex trader? Let's talk about that and more right now. Hi, forex traders, Andrew Mitchem here from The Forex Trading Coach with video and podcast number 310. How you can become a successful Forex trader Now we're gonna talk about how you can become a successful forex trader and what is the best way for you to learn how to do that. They say everybody's different, everybody learns in different ways. Of course, some people are visual, some like to do things themselves, some like to read. Many, many different ways. But I firmly believe that what sets us apart as a forex education company is that first of all, we're real traders. I'm making this video and podcast. I'm not home in my office with my screens behind me here. I'm a real trader doing this day in, day out. And have done so for 15 years. So that's a really important point. We're not set in some office in London, or New York, or Sydney, or somewhere with call centres. We're not that at all. That's far from what we are. We're real traders. So that's the first thing. We teach how to trade in real time The second thing is is that because we're real traders, we teach people how to trade the way that we trade in real time. And I think that for you as someone who's learning how to trade a strategy is absolutely critical. And that's what sets us apart. You see, we've got three different ways of teaching our clients how to trade our strategy in real time. You can go online, and you can see videos, and you can see screenshots of the perfect trade, and someone's highlighted this trade, and it's working just beautifully. You notice how it does that. It always works beautifully. But the problem is that you as a trader, you get to understand the strategy, and you get to learn it, et cetera. You pay for it. And you cannot make it work in real time. That becomes the problem. And the issue there is that hindsight, everybody's multi, multi millionaires. Simple. And the problem is that you have to learn to trade in real time from the right hand side of the charts without any of that hindsight. Without any of those losing trades. You've gotta trade the perfect trade every time. But how do you find it? We show you how to trade from the right hand side of the chart And so that's what makes us different because we teach that trading from the right hand side of the chart because that's what we do ourselves. Three different ways that we help our clients with this. #1 - Daily Chart Trades The first one is that we place data chart trades on our membership site for clients to follow along. We analyse the data charts each day. And between 5:15 and 5:30 PM Eastern Standard Time, so that's about 15 to 30 minutes after the day the candle opens the new day, we place specific trades based on the daily charts for our clients to follow. So it's all in real time. The market hasn't even started to move yet at that time of the day. We're saying these are the trades that we're looking at, giving all the reasons for the trade set up, plus we are giving the exact entry and exit levels for people to follow along, learn from, and also to earn from. But the most important part of that is the learning because it's learning to train your eye in real time from that right hand side of the chart without any of the benefit of what might happen next or hindsight. So really important. That's a daily occurrence. You get that five days a week. #2 – Live Weekly 2 hour long webinars

#310: The Best Way to Become a Successful Forex Trader

﻿﻿﻿﻿﻿﻿﻿﻿﻿﻿Podcast: Becoming a Better Trader in 2020In this video: 00:25 – 2019 has been an excellent year01:01 – We post our daily trades every day of the trading year01:50 – Other trades posted on our forum site and taken on our webinars02:10 – How you can learn to take these trades by yourself03:16 – Now living in Nelson03:40 – What can you learn from your 2019 trading year?04:22 – We aim to create good Forex traders04:54 – Use the next few weeks wisely to help better yourself05:27 – We wish you a fantastic Christmas and happy New YearWhat can you take from your trading year to help you become an even better trader next year? Let's talk about that and more right now.Hey traders, Andrew Mitchem here at the Forex Trading Coach with the last video and podcast for 2019.2019 has been an excellent yearNow we've had a really good year, both personally and through the Forex Trading Coach and of course through our many thousands of clients dotted throughout the entire world. Had a fantastic year.The last few months have been a little bit tougher, but with trading you've got to take the bigger picture. Always look at that. Don't worry about the last two or three trades. Always look at the bigger picture. And so this video is about what we've done and also what have you done, and what can you either get help with or what can you learn in order to make 2020 a really great year for you trading wise.We post our daily trades every day of the trading yearSo here at the Forex Trading Coach, every single day of the trading year without fail, we have posted our daily trades on our membership site. We've done that for years, but this year was no exception. Every single day around 5:30 New York time; PM when the daily charts close, we post our daily analysis. Now, if you did nothing else than just copied our daily trades this year with only half of 1% risk per trade, like very, very minimal risk, all the stop losses, all profit targets, you'd be up around 24% so far.We've got another week to go, end of today and all of next week, but we're around 24% right now, which when you consider that's purely one time frame, very low risk trading. That is very, very good.Other trades posted on our forum site and taken on our webinarsNow on top of that, of course we post trades on the monthly charts, the weekly charts and on our breakout strategy that we have and all our forum site, we post trades all the time as do other clients. And our live weekly webinars, we're always taking trades on those. But just the daily timeframe, 24% for the year to date, pretty outstanding.How you can learn to take these trades by yourselfAnd so it's what you're learning from that is not only the gain of that monetary gain, it's what you're learning education-wise of how to take these trades.Why to take these trades, what trades to take, what to learn from them, where to put your profits and stops, all that type of thing. So really good. On the Forex Trading Coach website itself, free information has been posted free to everybody every single day as well. Strength and weakness analysis where we're looking at different currency pairs going strong or weak for that upcoming day every day without fail this year we have posted that analysis as well.And it's what we're about, we're about consistency about quality, consistency, low risk, high reward to risk. But for you to help you with your trading, that free information that is there and even if you're not a client, free information is there. Of course clients get more and they get specific trades and to do with the strategy. But for everybody else, there's free information there. There's of course our ebook, our calculator, our webinars that we have, which by the way are on demand as well in there. So lots and lots of information to help you.Now living in NelsonFrom a personal point of view. We've moved to Nelson in the South Island just l...

﻿﻿﻿﻿﻿﻿﻿﻿﻿﻿ Podcast: Becoming a Better Trader in 2020 In this video: 00:25 – 2019 has been an excellent year 01:01 – We post our daily trades every day of the trading year 01:50 – Other trades posted on our forum site and taken on our webinars 02:10 – How you can learn to take these trades by yourself 03:16 – Now living in Nelson 03:40 – What can you learn from your 2019 trading year? 04:22 – We aim to create good Forex traders 04:54 – Use the next few weeks wisely to help better yourself 05:27 – We wish you a fantastic Christmas and happy New Year What can you take from your trading year to help you become an even better trader next year? Let's talk about that and more right now. Hey traders, Andrew Mitchem here at the Forex Trading Coach with the last video and podcast for 2019. 2019 has been an excellent year Now we've had a really good year, both personally and through the Forex Trading Coach and of course through our many thousands of clients dotted throughout the entire world. Had a fantastic year. The last few months have been a little bit tougher, but with trading you've got to take the bigger picture. Always look at that. Don't worry about the last two or three trades. Always look at the bigger picture. And so this video is about what we've done and also what have you done, and what can you either get help with or what can you learn in order to make 2020 a really great year for you trading wise. We post our daily trades every day of the trading year So here at the Forex Trading Coach, every single day of the trading year without fail, we have posted our daily trades on our membership site. We've done that for years, but this year was no exception. Every single day around 5:30 New York time; PM when the daily charts close, we post our daily analysis. Now, if you did nothing else than just copied our daily trades this year with only half of 1% risk per trade, like very, very minimal risk, all the stop losses, all profit targets, you'd be up around 24% so far. We've got another week to go, end of today and all of next week, but we're around 24% right now, which when you consider that's purely one time frame, very low risk trading. That is very, very good. Other trades posted on our forum site and taken on our webinars Now on top of that, of course we post trades on the monthly charts, the weekly charts and on our breakout strategy that we have and all our forum site, we post trades all the time as do other clients. And our live weekly webinars, we're always taking trades on those. But just the daily timeframe, 24% for the year to date, pretty outstanding. How you can learn to take these trades by yourself And so it's what you're learning from that is not only the gain of that monetary gain, it's what you're learning education-wise of how to take these trades. Why to take these trades, what trades to take, what to learn from them, where to put your profits and stops, all that type of thing. So really good. On the Forex Trading Coach website itself, free information has been posted free to everybody every single day as well. Strength and weakness analysis where we're looking at different currency pairs going strong or weak for that upcoming day every day without fail this year we have posted that analysis as well. And it's what we're about, we're about consistency about quality, consistency, low risk, high reward to risk. But for you to help you with your trading, that free information that is there and even if you're not a client, free information is there. Of course clients get more and they get specific trades and to do with the strategy. But for everybody else, there's free information there. There's of course our ebook, our calculator, our webinars that we have, which by the way are on demand as well in there. So lots and lots of information to help you. Now living in Nelson From a personal point of view. We've moved to Nelson in the South Island just l...

#347: Becoming a Better Trader in 2020

Podcast: What It Takes To Be A Good Forex TraderIn this weekly video: 00:30 – You must have a passion for trading 01:44 - Controlling your emotions 02:22 – A willingness to learn and change 03:33 – Be dedicated to trading 04:10 – Develop a strategy that works for you 05:02 – You have to give this some time to work 05:43 – How can I help you? 06:07 – A very high success rate for clients – here’s why 07:07 – Click on the link below to find out moreWhat makes a good Forex trader? Let's talk about that and more right now.Hello Forex traders. It's Andrew Mitchem here, The Forex Trading Coach video and podcast number 232. In this video, I'd like to explain about some of the main points you need to have in order to be a good Forex trader, so let's get into it.You must have a passion for tradingNumber one, and I think this is so important, very often overlooked. You need to have a desire to want to trade. You have to have a dedication to trade, but you have to have a passion for trading. It has to be something that you really want to do. Don't just get into Forex training because you've heard somewhere or read online it's a really good way of making some easy money. It will not work for you if that's the reason you're in it. If you're in it for a get rich quick idea, don't do it. If you're in it because you're a gambler, don't do it.If you would like to become a Forex trader and genuinely have an interest in the markets, an interest in understanding how they work, an interest in making money, of course, but investing and being a good investor, then the Forex market is perfect for you. You have to have that approach up front. You have to have that genuine desire to know what's happening in the market. I think it's really important, often completely overlooked because everybody always jumps into the strategy first. You've got to really sort of enjoy it. You have to sort of look forward to trading each day. When it gets to the weekends, I'm disappointed I can't trade. I look forward to Monday mornings. For most people, Monday morning is about the worst thing that can happen to them because they have to go back to their job again. It's all about having that enjoyment in what you do.Controlling your emotionsYou have to be able to control your emotions. It's really important. You are dealing with money. You are dealing with life. Price action moving, sometimes things can be very, very slow. Other times things could be happening very, very quickly. You have to be able to control yourself, control your mind, understand what you're doing, be very level-headed about what you are doing because ultimately when you're trading with money, emotions do come into it. Again, when you're trading with strategy and you're trading with the unknown and you're trading with probability, because that's ultimately what we're doing, you have to be able to control your emotions and not react in a bad way to the market or what's happening. That's the first two points.A willingness to learn and changeThe third thing that you need to do, you have to have a willingness to learn. You have to have a willingness to change and a willingness to adapt to the market because market conditions do change over time. You have to have a willingness to, not just be completely rigid. Yes you have to stick to rules and yes you have to have a plan, and you have to be able to stick to rules and stick to a plan, but at the same time, as the market changes, you have to be able to adapt. Give you a great example, just yesterday, I held a webinar with clients. We took some trades on the four hour chats. Now, more recently, the four hour chats haven't been showing that many good trades, but this last week, they've been showing some excellent trades.Whereas I've been trading a lot off the daily and the 12 hour chats more recently, but this past week, less trade. You adapt to what's showing at the time in the market.

Podcast: What It Takes To Be A Good Forex Trader In this weekly video: 00:30 – You must have a passion for trading 01:44 - Controlling your emotions 02:22 – A willingness to learn and change 03:33 – Be dedicated to trading 04:10 – Develop a strategy that works for you 05:02 – You have to give this some time to work 05:43 – How can I help you? 06:07 – A very high success rate for clients – here’s why 07:07 – Click on the link below to find out more What makes a good Forex trader? Let's talk about that and more right now. Hello Forex traders. It's Andrew Mitchem here, The Forex Trading Coach video and podcast number 232. In this video, I'd like to explain about some of the main points you need to have in order to be a good Forex trader, so let's get into it. You must have a passion for trading Number one, and I think this is so important, very often overlooked. You need to have a desire to want to trade. You have to have a dedication to trade, but you have to have a passion for trading. It has to be something that you really want to do. Don't just get into Forex training because you've heard somewhere or read online it's a really good way of making some easy money. It will not work for you if that's the reason you're in it. If you're in it for a get rich quick idea, don't do it. If you're in it because you're a gambler, don't do it. If you would like to become a Forex trader and genuinely have an interest in the markets, an interest in understanding how they work, an interest in making money, of course, but investing and being a good investor, then the Forex market is perfect for you. You have to have that approach up front. You have to have that genuine desire to know what's happening in the market. I think it's really important, often completely overlooked because everybody always jumps into the strategy first. You've got to really sort of enjoy it. You have to sort of look forward to trading each day. When it gets to the weekends, I'm disappointed I can't trade. I look forward to Monday mornings. For most people, Monday morning is about the worst thing that can happen to them because they have to go back to their job again. It's all about having that enjoyment in what you do. Controlling your emotions You have to be able to control your emotions. It's really important. You are dealing with money. You are dealing with life. Price action moving, sometimes things can be very, very slow. Other times things could be happening very, very quickly. You have to be able to control yourself, control your mind, understand what you're doing, be very level-headed about what you are doing because ultimately when you're trading with money, emotions do come into it. Again, when you're trading with strategy and you're trading with the unknown and you're trading with probability, because that's ultimately what we're doing, you have to be able to control your emotions and not react in a bad way to the market or what's happening. That's the first two points. A willingness to learn and change The third thing that you need to do, you have to have a willingness to learn. You have to have a willingness to change and a willingness to adapt to the market because market conditions do change over time. You have to have a willingness to, not just be completely rigid. Yes you have to stick to rules and yes you have to have a plan, and you have to be able to stick to rules and stick to a plan, but at the same time, as the market changes, you have to be able to adapt. Give you a great example, just yesterday, I held a webinar with clients. We took some trades on the four hour chats. Now, more recently, the four hour chats haven't been showing that many good trades, but this last week, they've been showing some excellent trades. Whereas I've been trading a lot off the daily and the 12 hour chats more recently, but this past week, less trade. You adapt to what's showing at the time in the market.

#232: What It Takes To Be A Good Forex Trader

Podcast: Can you really make money with a small Forex account? (PART 1)In this weekly video:00:23 – Trading with a small Forex account01:06 -  Can I make money successfully?01:30 – Why do so many people lose money?02:30 – Keeping it simple is usually the best way to trade03:18 – Learn how to trade first04:35 – The size of your trading account right now is irrelevant05:10 – Invest in yourself05:32 – Excellent trades taken live for good account gain07:34 – Next week’s video and how you can profit from the Forex marketCan you really make money with a small Forex account? Let's talk about that and more, right now.Hi, traders. Andrew Mitchem here, the owner of The Forex Trading Coach, with video and podcast number 294.I want to talk all about trading on a small Forex account, and can you make it as a small-time Forex trader?Trading with a small Forex accountNow, I made a video along a similar subject line around two years ago, and it's had an enormous amount of hits on YouTube. It's had about 108,000 views, and lots and lots of comments, so I thought what I'd do is I'd split that subject up into more detail and cover it over this video and podcast, and also next week's video and podcast. Why? Well, it's obviously a very important subject, with so many people wanting to find out more about it, but it's also quite a large subject, so probably more than just one episode.So let's start at the very beginning. With a small account, people want to know, can I make money successfully? Now, the answer is yes. The problem is, most people don't know how to do that.Can I make money successfully?And I say the answer is yes, and I'm saying that with confidence due to my experience. I've been trading Forex for 15 years full-time, been teaching for almost 10 years. But the problem is, is as you know, and as I've repeated many times, the stats out there tell you somewhere between 90-95% of all Forex traders lose money, and that's probably absolutely true.Why do so many people lose money?Now, there's a huge number of reasons for that and we'll cover the reasons now, and then on the next episode we'll cover how you can overcome those.But some of the reasons, and in no particular order, would be, really, a lack of strategy, a lack of understanding of the market, a lack of understanding of good money management, a lack of discipline as a person, a lack of understanding of what type of trader you are or wish to be. Are you a technical trader, or a fundamental trader, or a bit of both? What timeframe charts do you like? Where are you going to put your stop loss? Where's your profit target? What type of trades are you taking? Are you going to take reversal trades, continuation? Are you using indicators? Are you using no indicators? Are you using just price action? Are you going to trade just before the news? Just after the news? What is it that you're going to do?The problem is, is that unfortunately, most people don't know their own answers to that. I can tell you, in all honesty, with many years of practical experience, keeping it simple, like the KISS approach, is generally the best one. So you don't need to have lots and lots of strategies.Keeping it simple is usually the best way to tradeYou don't need to have lots and lots of indicators and lines all over your charts. Now, some people say to me, "Hey, Andrew, why are you saying that when your charts behind here look really complicated?" Well, the fact is that they're not. I have some clever software that alerts me, alerts my eye to certain candle shapes that I'm looking at, and then I mostly use horizontal support resistance lines, pivot points, and then I've got a couple of other indicators that come lower down in my priority, to add some confirmation. So you don't need to clutter your charts, and that's what works for me and works for my clients.So coming back to the reality of it, can you make money? Well,

Podcast: Can you really make money with a small Forex account? (PART 1) In this weekly video: 00:23 – Trading with a small Forex account 01:06 -  Can I make money successfully? 01:30 – Why do so many people lose money? 02:30 – Keeping it simple is usually the best way to trade 03:18 – Learn how to trade first 04:35 – The size of your trading account right now is irrelevant 05:10 – Invest in yourself 05:32 – Excellent trades taken live for good account gain 07:34 – Next week’s video and how you can profit from the Forex market Can you really make money with a small Forex account? Let's talk about that and more, right now. Hi, traders. Andrew Mitchem here, the owner of The Forex Trading Coach, with video and podcast number 294. I want to talk all about trading on a small Forex account, and can you make it as a small-time Forex trader? Trading with a small Forex account Now, I made a video along a similar subject line around two years ago, and it's had an enormous amount of hits on YouTube. It's had about 108,000 views, and lots and lots of comments, so I thought what I'd do is I'd split that subject up into more detail and cover it over this video and podcast, and also next week's video and podcast. Why? Well, it's obviously a very important subject, with so many people wanting to find out more about it, but it's also quite a large subject, so probably more than just one episode. So let's start at the very beginning. With a small account, people want to know, can I make money successfully? Now, the answer is yes. The problem is, most people don't know how to do that. Can I make money successfully? And I say the answer is yes, and I'm saying that with confidence due to my experience. I've been trading Forex for 15 years full-time, been teaching for almost 10 years. But the problem is, is as you know, and as I've repeated many times, the stats out there tell you somewhere between 90-95% of all Forex traders lose money, and that's probably absolutely true. Why do so many people lose money? Now, there's a huge number of reasons for that and we'll cover the reasons now, and then on the next episode we'll cover how you can overcome those. But some of the reasons, and in no particular order, would be, really, a lack of strategy, a lack of understanding of the market, a lack of understanding of good money management, a lack of discipline as a person, a lack of understanding of what type of trader you are or wish to be. Are you a technical trader, or a fundamental trader, or a bit of both? What timeframe charts do you like? Where are you going to put your stop loss? Where's your profit target? What type of trades are you taking? Are you going to take reversal trades, continuation? Are you using indicators? Are you using no indicators? Are you using just price action? Are you going to trade just before the news? Just after the news? What is it that you're going to do? The problem is, is that unfortunately, most people don't know their own answers to that. I can tell you, in all honesty, with many years of practical experience, keeping it simple, like the KISS approach, is generally the best one. So you don't need to have lots and lots of strategies. Keeping it simple is usually the best way to trade You don't need to have lots and lots of indicators and lines all over your charts. Now, some people say to me, "Hey, Andrew, why are you saying that when your charts behind here look really complicated?" Well, the fact is that they're not. I have some clever software that alerts me, alerts my eye to certain candle shapes that I'm looking at, and then I mostly use horizontal support resistance lines, pivot points, and then I've got a couple of other indicators that come lower down in my priority, to add some confirmation. So you don't need to clutter your charts, and that's what works for me and works for my clients. So coming back to the reality of it, can you make money? Well,

#294: Can you really make money with a small Forex account? (PART 1)

Podcast: How to become a good trader quickerIn this weekly video:00:24 – How I can help you shortcut the learning process 00:44 – Brand new to trading Forex? 01:13 – Frustrated with Forex and it’s not working for you? 01:38 – Why my course will help you learn quicker 02:32 – A live 2 hour weekly webinar – watch me trade 03:28 – Watching and learning from a trader in real time is invaluable 04:03 – How much is that worth to you? 05:00 – Get on board with us and shortcut your learning processHow can you shortcut the learning process to becoming a good Forex trader? Let's talk about that and more right now.Hi Forex traders, it's Andrew Mitchem here, the Forex Trading Coach Video and Podcast #244.How I can help you shortcut the learning processI want to talk about how I can help you to shortcut the inevitable otherwise long process of learning how to become a good Forex trader.I get traders join my coaching course for a variety of reasons. I'll give you the two ends of the spectrum.Brand new to trading Forex?I get clients who are brand new to trading. People who have not really had any experience in trading, but they want to learn the right way first time. They value their investment in themselves, they value knowledge, they value education, and really they want to learn the right way first time without wasting all these hours and all this money by going through the process that the vast majority of people take. That's one end.Frustrated with Forex and it’s not working for you?The other side of the spectrum would be the frustrated people, people who join the course out of sheer frustration. They've been trading for a long time, bleeding money, pulling their hair out, and it's going nowhere for them. They're about to give up in trading, and nothing works. So you get those two ends of the scale, and everybody else in between.Why my course will help you learn quickerLet me give you some tips of why I believe my course will shortcut the learning process for you. Each day ... This is real trading things, because on top of the strategy I'm talking here, you get the overall strategy, and you have to have a strategy that works across time frames, any time frame. Doesn't matter where you live in the world, it doesn't matter what currency pay you trade, et cetera. We have that. On top of that, each day of the trading week I post specific trades in advance of the market moving so you can look at your chart, using the software that I've got behind me here which you'll have a copy of as a client, and see what I'm taking on the daily charts and why. In advance of the market moving. If the trade is profitable, fantastic. If it's not, it's not. But it's about the process of learning to train your eye to see what we're seeing and why.A live 2 hour weekly webinar – watch me tradeOn top of that, each week we have a live 2 hour webinar that you can attend. It's basically a recording on one of my screens behind me here, and I'm trading on live accounts and you can see me trading, talking for two hours about what I'm looking for at that time and why. To give you an example, I received an email just this morning from a client called Alf. Alf's been with me just over one week. I'll read you his email, it's a quick email, "Andrew. Thank you for the webinar last night. I did not participate, but I sat in the background taking it all in. It soon became apparent to me as to why I am losing trades and money. I'm taking too many risks. It became apparent to me that everything had to line up before you would take a trade. It was a bit of an eye-opener for me, but I've taken it on board. Thank you once again, Alf." That just came through to my email this morning.Watching and learning from a trader in real time is invaluableTo give you some perspective there is that Alf has seen someone trading, going through the thought processes of what I'm looking for,

Podcast: How to become a good trader quicker In this weekly video: 00:24 – How I can help you shortcut the learning process 00:44 – Brand new to trading Forex? 01:13 – Frustrated with Forex and it’s not working for you? 01:38 – Why my course will help you learn quicker 02:32 – A live 2 hour weekly webinar – watch me trade 03:28 – Watching and learning from a trader in real time is invaluable 04:03 – How much is that worth to you? 05:00 – Get on board with us and shortcut your learning process How can you shortcut the learning process to becoming a good Forex trader? Let's talk about that and more right now. Hi Forex traders, it's Andrew Mitchem here, the Forex Trading Coach Video and Podcast #244. How I can help you shortcut the learning process I want to talk about how I can help you to shortcut the inevitable otherwise long process of learning how to become a good Forex trader. I get traders join my coaching course for a variety of reasons. I'll give you the two ends of the spectrum. Brand new to trading Forex? I get clients who are brand new to trading. People who have not really had any experience in trading, but they want to learn the right way first time. They value their investment in themselves, they value knowledge, they value education, and really they want to learn the right way first time without wasting all these hours and all this money by going through the process that the vast majority of people take. That's one end. Frustrated with Forex and it’s not working for you? The other side of the spectrum would be the frustrated people, people who join the course out of sheer frustration. They've been trading for a long time, bleeding money, pulling their hair out, and it's going nowhere for them. They're about to give up in trading, and nothing works. So you get those two ends of the scale, and everybody else in between. Why my course will help you learn quicker Let me give you some tips of why I believe my course will shortcut the learning process for you. Each day ... This is real trading things, because on top of the strategy I'm talking here, you get the overall strategy, and you have to have a strategy that works across time frames, any time frame. Doesn't matter where you live in the world, it doesn't matter what currency pay you trade, et cetera. We have that. On top of that, each day of the trading week I post specific trades in advance of the market moving so you can look at your chart, using the software that I've got behind me here which you'll have a copy of as a client, and see what I'm taking on the daily charts and why. In advance of the market moving. If the trade is profitable, fantastic. If it's not, it's not. But it's about the process of learning to train your eye to see what we're seeing and why. A live 2 hour weekly webinar – watch me trade On top of that, each week we have a live 2 hour webinar that you can attend. It's basically a recording on one of my screens behind me here, and I'm trading on live accounts and you can see me trading, talking for two hours about what I'm looking for at that time and why. To give you an example, I received an email just this morning from a client called Alf. Alf's been with me just over one week. I'll read you his email, it's a quick email, "Andrew. Thank you for the webinar last night. I did not participate, but I sat in the background taking it all in. It soon became apparent to me as to why I am losing trades and money. I'm taking too many risks. It became apparent to me that everything had to line up before you would take a trade. It was a bit of an eye-opener for me, but I've taken it on board. Thank you once again, Alf." That just came through to my email this morning. Watching and learning from a trader in real time is invaluable To give you some perspective there is that Alf has seen someone trading, going through the thought processes of what I'm looking for,

#244: How to become a good trader quicker

And I'm gonna be discussing with you, and sharing some tips and ideas of helping you to look for higher-probability trade setups. Trade setups that are gonna work in your favour far more often than they're not going to. You see, the problem is with a lot of traders, is they don't have a strategy, and they don't really understand the market.

#218: How to Identify High Probability Trade Setups

Podcast: Becoming a Full Time Forex TraderIn this weekly video:00:25 – Living the dream and becoming a full time Forex trader 01:10 - Client becomes a full time Forex trader after seeking a mentor 02:10 – A lot of dedication and back testing to prove the system to himself 02:52 – Making 5% return on trading account per week 03:46 – Watch the interview with Imre 04:21 – Be realistic about your trading expectations 05:25 – The hard work pays offWould you like to quit your job to become a full time Forex trader? If the answer is yes, this video is for you.Hey, traders, Andrew Mitchem here, the owner of The Forex Trading Coach, video and podcast number 269. Got some really exciting news to share with you.Living the dream and becoming a full time Forex traderWould you like to live the dream? Would you like to work from home and work from anywhere, quit your job, become a full-time Forex trader? Because that's what most people who get into Forex want, don't you? That's what most people really aim for. And it can be done.Now, I know it can be done because I've had many clients do that, but just this week I've interviewed another client who has taken that step to becoming a full-time Forex trader. He's quit his job, his name is Imre Gams, he lives in Toronto in Canada, a real, nice, smart, intelligent, young man. He's worked for Google, he's worked for Apple, so he's right up there with being a very smart guy.Client becomes a full time Forex trader after seeking a mentorHe took my course back in August of 2017, some eight months ago, and I interviewed him, and I asked him what the process was that he went through. He's been through Brazilian jiu-jitsu, he's been a fencer, as in the sport fencing, he's done many things in his life that he's always sought a mentor for, because he's seen it as a shortcut to success with a good mentor.So, he did some reviews, he found my course a while ago, joined last August and basically has been very thorough with everything he's done. You can hear the interview. It's on my homepage. I'll put a link below this video. It's 38 minutes long. It is highly, highly recommended if you watch the entire thing. There is so much you can learn from that video, even if you just want passive income from Forex, but just watch the entire video. Take your time, grab a coffee or a cup of tea or something and sit and watch the whole thing.A lot of dedication and back testing to prove the system to himselfImre started back in August 2017, went through the course, he's been dedicated, he's asked questions, et cetera, like a lot of people. But he's done extensive backtesting on the course, he had huge confidence after doing extensive backtesting, and then a few months ago he decided to quit his job and go live.Now, a few weeks ago he started sending me emails of some of the money withdrawals he's taken from his account, from his live trading. Very, very, very impressive figures. Not going to reveal how much. That's private information for him. But it's well into the six figures that he's withdrawn just this last quarter.Making 5% return on trading account per weekAnd as he said to me, "I've made more in the last quarter than I made in the entire last year." And he's now, as he said, living the dream. He's working from home, he's making around 5% return on his account per week with very low-risk trading, very low drawdowns, and only about one hour of actual trading per day.He is spending more time with his continued learning, his self-development, his self-education. His whole knowledge-base is constantly growing, and he puts time and dedication into that. He's spending a lot of time each day with backtesting, looking at different ways of trading my strategy, different timeframes, et cetera, so he's constantly learning, constantly evolving, but actual trading no more than one hour per day. A 5% return per week on average.

Podcast: Becoming a Full Time Forex Trader In this weekly video: 00:25 – Living the dream and becoming a full time Forex trader 01:10 - Client becomes a full time Forex trader after seeking a mentor 02:10 – A lot of dedication and back testing to prove the system to himself 02:52 – Making 5% return on trading account per week 03:46 – Watch the interview with Imre 04:21 – Be realistic about your trading expectations 05:25 – The hard work pays off Would you like to quit your job to become a full time Forex trader? If the answer is yes, this video is for you. Hey, traders, Andrew Mitchem here, the owner of The Forex Trading Coach, video and podcast number 269. Got some really exciting news to share with you. Living the dream and becoming a full time Forex trader Would you like to live the dream? Would you like to work from home and work from anywhere, quit your job, become a full-time Forex trader? Because that's what most people who get into Forex want, don't you? That's what most people really aim for. And it can be done. Now, I know it can be done because I've had many clients do that, but just this week I've interviewed another client who has taken that step to becoming a full-time Forex trader. He's quit his job, his name is Imre Gams, he lives in Toronto in Canada, a real, nice, smart, intelligent, young man. He's worked for Google, he's worked for Apple, so he's right up there with being a very smart guy. Client becomes a full time Forex trader after seeking a mentor He took my course back in August of 2017, some eight months ago, and I interviewed him, and I asked him what the process was that he went through. He's been through Brazilian jiu-jitsu, he's been a fencer, as in the sport fencing, he's done many things in his life that he's always sought a mentor for, because he's seen it as a shortcut to success with a good mentor. So, he did some reviews, he found my course a while ago, joined last August and basically has been very thorough with everything he's done. You can hear the interview. It's on my homepage. I'll put a link below this video. It's 38 minutes long. It is highly, highly recommended if you watch the entire thing. There is so much you can learn from that video, even if you just want passive income from Forex, but just watch the entire video. Take your time, grab a coffee or a cup of tea or something and sit and watch the whole thing. A lot of dedication and back testing to prove the system to himself Imre started back in August 2017, went through the course, he's been dedicated, he's asked questions, et cetera, like a lot of people. But he's done extensive backtesting on the course, he had huge confidence after doing extensive backtesting, and then a few months ago he decided to quit his job and go live. Now, a few weeks ago he started sending me emails of some of the money withdrawals he's taken from his account, from his live trading. Very, very, very impressive figures. Not going to reveal how much. That's private information for him. But it's well into the six figures that he's withdrawn just this last quarter. Making 5% return on trading account per week And as he said to me, "I've made more in the last quarter than I made in the entire last year." And he's now, as he said, living the dream. He's working from home, he's making around 5% return on his account per week with very low-risk trading, very low drawdowns, and only about one hour of actual trading per day. He is spending more time with his continued learning, his self-development, his self-education. His whole knowledge-base is constantly growing, and he puts time and dedication into that. He's spending a lot of time each day with backtesting, looking at different ways of trading my strategy, different timeframes, et cetera, so he's constantly learning, constantly evolving, but actual trading no more than one hour per day. A 5% return per week on average.

#269: Becoming a Full Time Forex Trader

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