DiscoverOnline Forex Trading Course
Online Forex Trading Course

Online Forex Trading Course

Author: Online Forex Trading Course

Subscribed: 7,717Played: 131,782
Share

Description

By The Forex Trading Coach
622 Episodes
Reverse
Why the SAME Candlestick Pattern Works… Then Fails  Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Attend my Free Masterclass Click Here to Know the Price of our Course #654: Why the SAME Candlestick Pattern Works… Then Fails In this video: 00:30 – View my Trade of the Week videos. 01:03 – Most candle patterns do not work. 02:28 – Putting the candle in the right context. 04:05 – Looking at the market action at the time of the candle pattern. 05:11 – Trading with the trend and Strength & Weakness. 05:48 – Lifetime access option now available. 06:24 – Check out my Masterclass and Book a call. 06:33 – Blueberry Markets as a Forex Broker. Do you get frustrated and confused when you see the same candle pattern working sometimes, and then failing the rest of the time? It’s a big issue that a lot of people have when they get into technical trading. And today I’m going to help you to resolve that. So let’s get into it more right now. Hey there traders! Andrew Mitchem here at The Forex Trading Coach with video and podcast number 654. View my Trade of the Week videos. Now if you watch my trade of the week videos that come through each week, you would see the quality of the trades that we take and we place on a membership site and we take for ourselves, and we help our clients by learning about those patterns and also to earn from those trades. Now we use candle patterns a lot here at The Forex Trading Coach. In fact, it’s the main item that I look at on my charts when I’m 1st considering a new trade. And we use engulfing candles and outside bars and pin bars. Most candle patterns do not work. Now there are hundreds and hundreds of candle patterns. The trouble is, I found when I started that most of them don’t work in the market. And you know, they are designed for other markets that have like opening gaps and things like that. Now, in the Forex market, I personally find there’s just 3 or 4 candle patterns that I need to look at and focus on and and that’s it. Now of course, over time we’ve developed this to work on cryptos and metals indices, commodities as well. But predominantly there’s 4 patterns that all shapes that I look for. But let’s say an engulfing candle, which is quite a common, candle that you would know about when the body of a candle engulfs the body of the previous candle. The problem is, is you can’t go out there just looking for every engulfing candle and go, well, Andrew says engulfing candles work or pin bars work and just take every single 1 as a trade. You can’t do that. It’s going to fail. And that’s why when you go through your charts, you will see some engulfing candles and you go, wow, that’s a brilliant engulfing candle and look what happened. The price went in the perfect direction and it worked a treat. And then you’ll find multiple engulfing candles after that 1 that just if you’d done the same thing and treated it the same day would fail. And so it becomes very frustrating. And people lose, I suppose, confidence in technical candles and technical charts when they don’t quite know how to interpret them. Putting the candle in the right context. So a candle is just the starting point for me. I then need to put it in the right context, which means in the right part of the chart, does it show in the right part? Does it have some previous indecision? So I’m looking at maybe the previous candle as well. If it’s a bullish engulfing candle has there been a prior downtrend. If the market is flat and then you suddenly get a bullish engulfing can do it has very little relevance. And then always look left and look right. And what I mean by that is if you look left on your chart you will see previous bounce levels. So let’s say you’re bullish and engulfing candle has bounced off a previous low. And that’s going to add more weight to it. Let’s say if you look left there was a previous uptrend and it hit a resistance level and then bounce back. Went through that and then came back and bounced at that level again. You then have a support resistance flip. So now you’re starting to add a little bit more context to that trade. The bullish engulfing candle has happened and pulled back and bounced for a reason. Now because it’s off of previous swing high or swing low support resistance level. It could be off the daily pivot point. And then you look to the right and you look to see has it bounced off let’s say a round number. And I just find it incredible that so few people out there look at the actual price. So you start to put all this together and then you say, okay, is it in the right part of the chart? Is there any obvious barrier that it’s buying into let’s say. And again, you can’t just say what it bounced that support and it’s engulfing candle. Andrew says take a buy. No you can’t do that. Looking at the market action at the time of the candle pattern. You know you have to look at the market action at the time. Is there plenty of room for the trade to move? Are you buying directly into maybe another resistance area, another round number? And so just because it’s an engulfing candle, it may not actually work because of something else in the way. So all these type of things need to get put into context. Likewise. And I’ve said this many, many times or many videos and podcasts just like this 1. Look at the protection of your stop loss. So again use the context use. Have we got a level to the left or with a pricing to the right that’s going to help protect that stop loss position to give your engulfing candle more chance of success. And we look at other things like divergence etc. like that. And we use Bollinger bands. And there’s other things that we look at to put that candle in the right part of the chart. Has it got stop loss protection? Has it got room to move to the profit target? Is it bouncing at a certain level? Has there been previous indecision? All those type of things need to come into your decision making at the time of the day, for example. Can be very important as well. What time frame are you on. Trading with the trend and Strength & Weakness. And are you are you looking at strength and weakness? You know, just because it’s an engulfing candle. And yes, it may have got room to move, but let’s say it’s trading against like the main strength and weakness of that currency pair for the day. It might just pull back a little bit and then turn around again and drop. And you look at it and go well there’s a bullish engulfing candle. And it failed. Well maybe there was a reason for that. You know maybe the setup wasn’t quite there. And so you have to add all these pieces of information together to give yourself that best opportunity of a successful trade. And that’s exactly what we do and teach how to do that. Lifetime access option now available. Now, you may have seen that we’ve just put together a new pricing structure for the course where we’re giving people the opportunity to join with our daily trades, our webinars and our forum site for 12 months, still unlimited access to the course and the software and email help. But we’re also offering a lifetime option as well. And we’re offering the 12 month option with 3 split monthly payments to help people in terms of getting in and, you know, splitting the payments up so that they can get into the course straight away, learn it, start making money, and then that will help them with the following 2 payments. So I’ll put a link to that as well if that interests you. Check out my Masterclass and Book a call. Our masterclass is available to watch if you’ve not been on that. If you’d like to book a call with 1 of us, you can do that as well and have a chat through your trading and how we can help you to see if we’re right fit for each other. Blueberry Markets as a Forex Broker. And if you’re out there looking for a really top quality broker, I can highly recommend Blueberry Markets and I’ll put a link to them there. MT5 platforms. Awesome. They’re constantly adding more and more markets to their platform. Really good tight spreads, great people to deal with and withdraw speed to dislike. Really, really fast. Some of the best I’ve ever seen. So that’s it for this week. Don’t forget, candles are great, but not all candles are equal. So, make sure you are aware of that next time you look at a candle shape or pattern for your trading decision. This is Andrew here at The Forex Trading Coach. I’ll see you this time next week. Bye for now. Episode Title: #654: Why the SAME Candlestick Pattern Works… Then Fails Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Attend my Free Masterclass Click Here to Know the Price of our Course
Don’t Take Another Forex Trade Until You Check These 4 Things  Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Attend my Free Masterclass #653: Don’t Take Another Forex Trade Until You Check These 4 Things In this video: 00:26 – New to trading and not sure how to proceed? 00:52 – How to organise your charts on your trading platform. 01:45 – I look for a suitable candle pattern. 02:07 – Does the candle pattern form in the ideal part of the chart? 03:38 – Knowing exactly when to look at your charts. 04:34 – Trading at the beginning of the day, the week and the month. 05:18 – When does the next 4 Hour chart open? 06:08 – Check out my new Masterclass. 06:12 – Blueberry Markets as a Forex Broker offering multiple markets to trade. 07:08 – Book a call with us to help you with your trading. So you want to become a trader. But the issue is you don’t know what to trade and when to trade it. I’m going to give you 4 really important points that are going to massively help you. So let’s get into that and more right now. Hey traders! It’s Andrew here at The Forex Trading Coach of video and podcast number 653. New to trading and not sure how to proceed? A lot of people get into trading and they open up their charts. They add lots and lots of indicators. They start taking some random trades. They might fluke it, they might do okay, or they might lose lots on their demo account and then possibly on their live account and they give up. The issue that I find is that so many people just don’t know what to look at. They don’t know what chance to look at and when to look at them. So I’m going to give you some really important points here that I think will massively help you. How to organise your charts on your trading platform. So in terms of what to look at, what I do is I open up all my charts and have them saved on my MT5 platform. So I open up all the, let’s say, the euro pairs, and I put them all 1 after another. So the euro against the US, against the yen against the Frank, against the pound, against the Aussie, against the Kiwi, Canadian, etc. like that. The same with the British pound pairs, then the Aussie, the Kiwi. Look at the US pairs Canadian pairs. And so I’ve got them. I can scan through 1 after another. So if we have an example of the euro let’s say. And I’m looking at the EUR/USD and it’s heading up and the EUR/GBP heading up and EUR/JPY heading up. And EUR/CHF heading up. It gives me a fairly good indication that possibly the strength and weakness is with the strength in the euro. So that starts to help. And it gives me a bias that I’m preferring maybe to see buy trades on euro pairs. I look for a suitable candle pattern. Secondly, when I scan through those charts, I’m then looking for the candle pattern that I’m looking for. And it’s very easy when you’re looking for let’s say Outside bars and Engulfing bars to go. Yes. No no no no. Yes. No. Like that. So it’s very easy to scan through your charts to be able to see a potential candle pattern. Does the candle pattern form in the ideal part of the chart? Thirdly, once I’ve decided which charts are giving me the potential candle pattern, I then need to put a little bit more analysis into that and deep dive into that actual setup and go, okay, so it’s an Engulfing candle. That’s great. But there’ll be lots of engulfing candles all over your charts. You can’t obviously just take every single 1. So you then need to find tune things a little bit more. And so I then like to look at say is my stop loss protected. So if let’s say it’s a by trade, can I put my stop loss below a certain level, maybe a previous swing low below the pivot point, maybe below a round number to protect it. And the opposite of that is is my profit target likely to be hit. Are there like, do I need to make a new swing high to get to my profit target? If I do, I probably don’t want to take the trade. Do I need to get just above a new round number for a for the profit? And so if that’s the case, then maybe I should consider just bringing my profit target down below that round number and either a series of highs to the left. And if my profit target can be below those to give me the high reward to risk that I’m looking for, then that’s a good thing as well. So it’s not only analyzing the candle, it’s putting it into the right part of the chart and then looking. Do you have like some added strength to protect the stop loss? Do you have a likely scenario there that your profit target is going to be hit without needing to make new highs, will get through previous resistance levels, that type of thing as well. Knowing exactly when to look at your charts. And then it’s a case of knowing when to look at your charts. You know it’s all well and good saying I’ll just go and look at the euro and EUR/JPY. EUR/USD, etc. but the very easy way around that is to only look at your charts at the close of a candle, and you’ll know when that is, because the charts are the same all year round. They all work off New York time, so the daily charts are always going to open the New Day at 5 p.m. New York time. Now that may change in your local time depending on where you live in the world. And we’ve just gone through daylight saving here in New Zealand, just moved into summertime. And so in my local time, the daily charts now open an hour later than they did last week. Now, heading into November when the US clocks change as well, that will then for me locally be another hour on again because the US go back for winter, but it’s still always 5 p.m. New York time. That’s always the same as a constant throughout the year of. That’s when the charts open. Trading at the beginning of the day, the week and the month. And so at the beginning of the day, I can look at the daily charts, I can look at the 12 hour charts, 8 hour charts and 6 hour charts, and we do that and we analyze those charts for our clients each day and take trades. Today being the beginning of the month, I’ve also looked at the monthly charts for the month of October now that September has closed. So it doesn’t matter what time frame chart you’re looking at, it’s all based on the close of the candle. The reason I do that is because it’s set. Nothing’s moving higher or lower the candle is set. Any indicators that you look at their set, they’re not moving support and resistance levels. You know they’re they’re sort of fixed anyway. But you know anything that you look at once the candle has closed that’s not moving. And therefore you have time to go make your analysis and take your trade decisions. When does the next 4 Hour chart open? So if you’re looking at, say, 4 hour charts, and you know that the New day opens at 5 p.m. New York time, you’ll also know that you take 4 hours on top of that. That becomes 9 p.m. New York Times. It’s when the next 4 hour candle will close. If you’re looking at 6 hour charts, you’ll know that it will be 11 p.m. New York time because it starts at 5 and 6 hours, that becomes 11 p.m. So that’s how you can know when to look at your charts. Use strength and weakness. Look at the candle pattern, then put that candle pattern into perspective. Is it in the right part of the chart? Have you got reasons to protect the trade? Reasons to get out without sort of causing too much in the way of resistance? Does that give you the high reward to risk it? Looking at if you’ve got strength and weakness analysis in your favor and you know when to go and look at the charts. So I hope that those 4 tips help make things easier. Check out my new Masterclass. If you’d like to know more details, have a look at my masterclass. I’ll put a link to that here. Blueberry Markets as a Forex Broker offering multiple markets to trade. And if you’re out there looking for a really high quality broker, I can highly recommend Blueberry Markets. They have the MT4 and especially the MT5 platform. Lots and lots of markets. I’ve just looked through gold trades today. There’s gold against 6 pairs. It’s no longer all 6 other currencies. It’s no longer this XAU/USD. You know I’ve taken 8 hour chart trades on XAU/EUR and XAU/SGD. But you know there’s XAU/AUD, XAU/GBP and XAU/JPY, XAU/CHN, you know, lots of other markets as well. And that’s what I like about Blueberry Markets. You got lots of choice to look for the highest quality patterns, because of course the way that I trade, I don’t really care what market I’m trading or what direction I’m trading or what time frame I’m trading is getting the patterns. So if you’ve got the ability to look through multiple gold charts and why just restrict yourself to gold against the US. You know, that’s what we used to have in the past with the likes of Blueberry. We’ve got a lot more options there as well. Book a call with us to help you with your trading. If you’d like to book a call to speak to myself or 1 of my team to find out about how we can help you with your trading, I’ll put a link to our booking calendar as well. So that’s it. This is Andrew here at The Forex Trading Coach, and I’ll see you this time next week by for now. Episode Title: #653: Don’t Take Another Forex Trade Until You Check These 4 Things Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Attend my Free Masterclass
The Perfect Economic Storm Is Building… Are You Ready?  Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Attend my Free Masterclass #652: The Perfect Economic Storm Is Building… Are You Ready? In this video: 00:32 – The looming economic storm. 01:04 – Interest rates are rising. 01:36 – Fuel prices are heading up again. 03:15 – The cost of food increasing. 04:20 – Unemployment increasing and wages not rising. 04:50 – Are you waking up to this yet? 05:27 – Start now and give yourself time to learn. 06:08 – Trade when the conditions suit. 06:52 – Don’t fall for the trading hype on social media. 07:45 – Look at www.TheForexTradingCoach.com Did you know there’s quite a high potential of the perfect economic storm on the way? What are you going to do to make sure that you have safeguarded yourself as best as you possibly can, and to be aware of what’s likely to be happening? Let’s get into that and more right now. Hey there, Trades! This is Andrew here at The Forex Trading Coach for video and podcast number 652. The looming economic storm. Outside on another lovely day here. But I want to talk about the storm that potentially is coming. Not the weather storm but the economic storm. And there’s a lot of quite interesting things likely to be brewing. And it doesn’t really matter where you live in the world. I think this is probably going to affect so many people and it’s not good. And the purpose of today’s video and podcast is not to scare people, but to make people aware and also to make people wake up to like, what are you going to do to ensure that you ride the storm as best you possibly can? So let’s talk with a few obvious examples of happening right now. Interest rates are rising. Interest rates have started rising again here in New Zealand. Have just put them off to put them up in the US and put them up in, I think Australia as well, and, and also Canada and various other countries, and they still talk about them going up further again. So what is that doing. Well potentially that’s making mortgage rates higher. So certainly here in New Zealand has prices have been dropping for some time. So your price of your house, your value of your house is going down. Yet the cost of servicing your debt is going up. So that’s obviously not good. Fuel prices are heading up again. Fuel prices, You know they they went up a while ago. Then they’ve come back a bit around the world and everybody thought oh that was it. And now this started to go back up again. And when you think about the fuel price and diesel especially, you know, it affects everything we do from transportation to the cost of food and basically everything in our lives. And so when you are in countries say, like here in New Zealand, where our New Zealand dollar rate against the US has been dropping quite a lot when we’re importing things in US dollars, regardless of if that product goes up or not, it’s costing us more money and this will probably affect you depending on where you live in the world in a different way. So purely as an example from here, the price of fuel, even if it stayed the same, but the New Zealand dollar is dropping against the US. It’s costing us more and more to import that. But now we’re getting that scenario where the price of fuel is going up as well, and the dollar is dropping against the US. It’s a double whammy. And then you hear, like with the US looking at potentially now stopping a lot of exports of their diesel because they need it, you know domestically and their domestic prices going up. So they’re looking at looking after themselves, which of course that’s what most economies probably should do. And and they’re not so much worried about the exporting of that volume of diesel. And so that’s likely to put a more pressure on the price of countries that import diesel from other places. So you can see how this is starting to all add up. The cost of food increasing. You add on top of that the cost of food and the cost of living, you know, going up anyway. And you know, last week we talked on the video and podcast 651 about health and, you know, people not being able to afford, you know, good food or organic food because of the prices. And to me, what we’re getting right now is probably not even like, you know, the tip of the iceberg. It’s going to get probably just getting higher and higher and higher and getting worse. So you put all this together, you know, what have you got left after your wage and you’re paid for your food and you paid for your mortgage and your transportation. Probably not much. And if you’re struggling with that now, what’s likely to be, say, in 6 months or a year from now? And that’s what I’m talking about, the perfect storm. Because a lot of these things are outside of our control. And, you know, we can’t help what’s happening globally with interest rates or fuel prices. But we still need to live, you know, we still need to pay mortgages, we still need to buy food, and we still need to move around. Unemployment increasing and wages not rising. And this is where I see this big issue coming for people because, you know, unemployment is getting, you know, worse, people are losing jobs. AI potentially is going to, you know, sort of take more and more jobs. And, you know, the the salaries are not great. Wages are not increasing, if at all, but certainly not to the rate that they need to be to cope with this food and fuel, etc.. So I see this as the perfect storm coming, and things are going to get real tough for a lot of people. Are you waking up to this yet? So as I mentioned at the beginning, the point of this is not to scare people is to say, let’s wake up and let’s see what’s happening and what can we do about this. And that, again, is where I see trading has been such a great skill. Now, I’ve sort of said that maybe in 6 months, 12 months time things will be a lot worse. With trading. You cannot get into something new if you’ve not traded and and expect it to solve all your financial problems straight away. It’s not going to. It’s a silly way of getting into it. You’re forcing errors and mistakes, and you’ll probably lose money and give up and blame the broker and forex and me and everybody else but yourself. Start now and give yourself time to learn. You need to give yourself some time to learn this, to study it, to practice, to make mistakes. And, you know, not always our market conditions. Good either. You know, we’ve just come out of the northern hemisphere summer in July and August where the market conditions were really tough, you know, really, really hard. We didn’t, you know, have great months ourselves. We had some good trades and, you know, and also some bad conditions. So we didn’t have a lot of trades. Now we’re starting to see, you know, trades going really well. We just had yesterday. We just had 6 trades posted on our forum site. All 6 were profitable. And today I’m just about to go and take 6 trades on the daily charts and 2 on the 12 hour charts. So there’s lots more happening right now. Trade when the conditions suit. So in other words, when the conditions are good for trading, we we take the trades. And you know, hopefully we do well when conditions are not so good. You just need to be steady cautious. And you can’t expect to make money if conditions are not always there. So my point being is give yourself time, get yourself educated, invest in yourself. Now if you think that investing in yourself today’s expensive, don’t wait till it’s too late and then you’ve got no choice at all. Or you can’t afford to do it. So, prepare when it comes to your health, as I mentioned last week, prepare when it comes to your finances and your future. And that’s where we see good, realistic trading as being such a great way for people to help with passive income. Don’t fall for the trading hype on social media. You know, it makes it drives me mad. It makes me kind of sick when I see some of the rubbish out there online on, you know, on social media of, you know, people just praying around in red flash Lamborghinis and France and you know, it’s it’s people get caught up in that, you know, and people don’t have the attention span and the focus unfortunately, very much these days. And they see that as the way forward. I can promise you, as someone that’s been trading for now, 21 years and teaching for 17, the way forward is to do this properly yourself. Invest in yourself. Take your time to do it properly. Understand the system. Join a community of people who are proven to make this work for themselves. Trade on your demo account to start with this small account, maybe a bigger account or your prop firms. There’s so many options there to make sure that you beat this upcoming storm that’s coming. I think almost certainly it’s coming. Be prepared. Do something about it today. Look at www.TheForexTradingCoach.com If you’d like to find out more, jump on to TheForexTradingCoach.com And we can certainly help you. This is Andrew Mitchem I see this time next week. Bye for now. Episode Title: #652: The Perfect Economic Storm Is Building… Are You Ready? Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Attend my Free Masterclass
Your Health Could Be Ruining Your Trading Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Attend my Free Masterclass Click Here to Download Dr Joe Jacko’s Health Cheat Sheet #651: Your Health Could Be Ruining Your Trading In this video: 00:03 – The relationship between health and trading. 01:15 – Dr Joe Jacko introduction. 03:23 – Are doctors and the medical industry to blame? 05:15 – We’re not taught to think for ourselves. 07:55 – Self-educate yourself and do your own research. 13:37 – Food – the good, bad and the ugly. 17:35 – Physical work and exercise. 20:12 – People still follow and trust the mainstream media. 26:05 – Health cheat sheet – link is in the description. 30:38 – Priorities and how you spend your money and time. Andrew Mitchem Hey there traders Andrew here at The Forex Trading Coach. The relationship between health and trading. Do you know in 21 years have been a full time trader? I’ve never seen herd watched a video or a podcast or seen an e-book ever about health and how it relates to your trading. Now, a few weeks ago, I received an email from Doctor Joe Jacko, who’s been a doctor in the US for over 36 years. [Intro Jingle] His methods and his beliefs in health and well-being a massive. And they align with the way that I think as well. It’s something I think is underestimated. And as mentioned, I’ve never seen anybody talk about health and how it relates to your trading, ever. So I jumped on the opportunity to have a chat with Doctor Joe. And I think you’re going to be fascinated by it and our beliefs and how it can help you as a person with your overall health, mental fitness, well-being and how it can relate to your trading success. So let’s jump into it right now. This is weekly video and podcast number 651. It’s Andrew here at The Forex Trading Coach. And something different for you today. Dr Joe Jacko introduction. Really excited by the chat we’re going to have today with Joe Jacko from Columbus, Ohio over in the US. Joe’s a physician and medical doctor. And we’re going to be talking medicine and banking and finance and talking about the press, things that have happened over the last number of years and how we can help you to potentially think a little bit differently to help you with your, your medical and your financial situation. So welcome along, Joe. Great to have you here. Dr. Joe Jacko Yeah. Thank you Andrew, I appreciate the opportunity. Andrew Mitchem Yeah. Really looking forward to this because I think we think a line on on many things in life. Joe where. Dr. Joe Jacko Would you like to start? Like, hey, before we start, can I just acknowledge your work that you do and bring in timely financial matters to your listeners? Andrew Mitchem Yeah. Cool. Thank you. Dr. Joe Jacko I appreciate that appreciate it. I hope they continue to give you a good rating so you can continue to do that. Andrew Mitchem Yeah. Look, I mean we work hard to make it work for people. You know, we’re real people. We don’t pretend that we’re in some high rise in London or New York where I’m stood here, you know, shorts on, no shoes on, talking to you here, dressed up at the top to make it look a little bit more professional. But, you know, we’re real people doing real things. So that’s why, you know, I think it works. We’re not we’re not pretending to be something we’re not. Yeah. Joe, maybe if you could give everybody a bit of a background, over what you do, what you found, and what you’d like to discuss in this video and podcast. Dr. Joe Jacko Sure. Well, I’m starting my 37th year in clinical practice. And in addition to practicing, what I primarily do now is try to help patients navigate the medical information landscape. I think we all know that there’s some misinformation out there, and I also help patients try to regain control of their health by helping them ask questions of their doctors so they get the most complete information. Okay. And interesting enough, you know, some of this misinformation out there, it really comes from the profession itself. And people may find it surprised to hear that from a physician or a doctor. But it’s taken me about two thirds of my career to come to that conclusion that sometimes we in the profession are the problem, right? Are doctors and the medical industry to blame? Andrew Mitchem Was there any one particular time or point something happened that made you kind of change? Dr. Joe Jacko Yes, there are three. So I wrote a book that kind of goes over all this and it’s called bamboozled, duped and hoodwinked. The keys to escaping the tricks, deceptions and the half truths of the medical industry. And I point to three incidents in the in the book. So one was fairly about halfway through my career. I was given a talk on anabolic steroids. And as I researched, did I realize that a lot of what we were taught as physicians was not complete and that these steroids, although, you know, I don’t encourage their use, they weren’t nearly as dangerous as we were being taught as physicians. And we were in turn trying to scare our athletes from using it. And then the third incident was really had to do with Covid. And I just really thought we went off the rails in terms of our ethics. And I had a hard time following the crowd on that one. Yeah, yeah. Andrew Mitchem Me too. Dr. Joe Jacko And that’s that’s what prompted me to write the book. Andrew Mitchem Yeah. Interesting. That’s really interesting. You talk about book, completely different type of topic. But years ago I thought and I said to my wife, I want to write a book called The Ants and the bees. And the reason I wanted to record it, the ants and the bees, is because you get the bees ordering the hard work. The ants order in the hard work, and they’re all following that pattern, that routine. And I think within society today, more especially now than ever. And like I said, a lot of people kind of woke up during the Covid era, both on that financial and that medical side of things. Everybody just blindly follows what the press say, what the news says. And I don’t know whether it’s they don’t have time or they don’t want to know in terms of looking elsewhere. We’re not taught to think for ourselves. Dr. Joe Jacko Right. Yeah. We’re kind of taught to I think we’re all taught to just kind of blindly follow our leaders and our authorities, and we need to take some time and take a step back and really think for ourselves. And in fact, in the book, I dedicate the book to the independent thinker. And I think that’s the audience that you’re appealing to, the person who will question things and come to their own conclusions. Andrew Mitchem Yeah, that’s right. And in finances as well. Like I remember as a kid growing up on the farm, a parent’s used to get like the bank manager coming back in the day when the bank manager turned up at your place and they said, this is what you need to do to get to retirement. And, and I was thinking, even like at ten years old, I was sitting there thinking, that sounds boring. You know, you’re working and working and working in the hope that you get to 60 or now it’s probably closer to 70. And these days most people are not in a good physical condition. Time to get to 70 to actually go and enjoy that life. And I thought. Dr. Joe Jacko Yeah, we’re kind of caught between our age, our, our health and our wealth, and rarely to all three of them lined up to take advantage of the situation. Andrew Mitchem Correct. And I think there’s a mindset thing as well. You know, there’s a whole, you know, that whole rat race going on and people are just getting more and more sort of blindly following what they have to do. You know, they get up because of their llamas. They’re so to go to work for someone else, to sit in traffic, to dress really nicely, to please someone else, to come home. And it’s dark. The kids have been looked after by someone else. They’re tired, they eat rubbish, they go to sleep and repeat and it’s like, surely there’s a better way than this. Dr. Joe Jacko Yeah, we’re definitely in a rat race, and I’m sure you probably want your listeners to get their money to work for them instead of them working for their money. Andrew Mitchem Yeah, you’re right. And there is that about it. And there’s also the fact that they need to, you know, people want to become independently, you know, sort of able to do this. I think that’s one of the things it’s like, well, if you hand your money over to someone else or these days a robot or AI or something like that, and even if it makes you some money, there’s no mental stimulation. There’s no like, you know, I will say to my, my traders, you got to control your head, in your heart in trading because obviously it’s finances and emotion. But also I think the positive is if you know what you’re doing and you can invest for yourself and you get a good outcome, how good that makes you feel, because you know, you can continue to do this. Whereas if you hand your money over, you don’t know what they’re doing with it. Is it? You know what happens when results start going against you? You start getting a bit nervous. Self-educate yourself and do your own research. Dr. Joe Jacko Yeah, you want to work with expert, but at the same time, I think you really want to self educate yourself on regardless of the topic, so that you know what questions to ask your experts, whether it be your financial planner or your your physician. Absolutely. And yeah, you need to be well educated. That’s one of the things I really encourage with my patients. And in the book is everybody’s got to do their own research. Yes. So that, you know, what questions to ask your physician and make sure you’re getting all the information you need. Andrew Mitchem Yeah. I mean, I see the, you know, the supposed healthcare system as not health care system. It’s like, you know, its appea
The Forex Trading Routine That Gives Me My Life Back  Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Attend my Free Masterclass #650: The Forex Trading Routine That Gives Me My Life Back In this video: 00:30 – Trading while on holiday. 00:45 – I know what I’m trading when the market opens. 01:27 – You don’t have to trade more than once a day. 02:08 – Trading while working or travelling. 02:22 – You don’t have to trade sessions – it’s a myth. 03:04 – Check out my new Masterclass. 03:15 – Blueberry Markets as a Forex Broker. Can you trade successfully just 1 time a day as a full-time trader? Well, absolutely you can. And that’s what I’ve been doing for the last 2 weeks since I’ve been here in Australia on holiday with my wife. I’ll explain exactly what I’ve done and how you can do the same. Let’s get into it right now. Hey Traders! Andrew here at The Forex Trading Coach with video and podcast number 650. Trading while on holiday. Currently on our last day in Australia, and we’re currently in Brisbane, as you can see behind me with the bridge and the cityscape behind that. So it’s currently Sunday and I’ve already been through the daily and the weekly charts for the beginning of next week. know what I’m trading when the market opens. This time tomorrow I’ll be on a plane flying back to New Zealand, and so it’s really important for me to already know what I’m looking at taking. I’ve been through the charts, I’ve scanned through them, I’ve got 2 daily charts setting up really nicely, and I’ve got 4 weekly chart trades. So as soon as the market opens, I can go straight to those 6 charts. I can look at them and I can make a very informed decision if I want to take those trades or not. Now, barring any major opening gaps, I will certainly be taking those trades. So it means already my Monday is just going to be literally a few minutes looking at the charts, confirming and placing the trades. And that’s the beauty of knowing what to do and trading just 1 time a day. You don’t have to trade more than once a day. Now normally at home I’ll look at the charts 2, sometimes 3 times a day. But while I’ve been here in Australia for the last 2 weeks, I’ve just traded just 1 time a day, traded the daily charts and the weekly charts only and, you know, done very well from those trades, and you can do exactly the same. And don’t forget, as I’ve mentioned many times, at the beginning of the day you can also look at, say, like 12-hour charts, 8-hour charts and 6-hour charts. But tomorrow, being the beginning of the week, I’m just going to be focusing on those daily charts and the weekly charts that I mentioned, and it means that literally tomorrow I’ll be spending just a few minutes and placing those trades, and that’s my trading done for the day. Shut the laptop, jump on the plane and head home. Trading while working or travelling. Now I’m on holiday doing that. You can do exactly the same whether you’re traveling like me or whether you’re just, you know, normal day-to-day life going on. And it just shows that you can trade very, very well by trading just 1 time a day. You don’t have to trade sessions – it’s a myth. There’s a whole perception out there that you have to be sitting glued at the charts and at certain times of the day, like, let’s say, European session or US session. And people think that they have to trade these sessions. You don’t. It’s not important that you do that. It’s almost a bit of a myth that people think they need to do that. And honestly, after trading for, what, 21 years full-time, you do not need to do that. And there are far better ways of trading. And I love the set-and-forget approach. I love using strength and weakness, but I also love the fact that right now, on a Sunday, I’ve already been through the charts and I know exactly what I’m going to be placing tomorrow. It just makes life easy and it makes your trading enjoyable. Check out my new Masterclass. So if you’d like to find out more about how we do that, I can strongly recommend you jump onto my masterclass, and you can also find out about how we can help you to do the same on that masterclass. Blueberry Markets as a Forex Broker. And if you’re out there looking for a really good broker, they’re based here in Australia, and they’re Blueberry Markets. And there’s lots and lots of brokers that you can choose from, you know. And there’s some quite good ones and there’s lots of good ones. I’ve found over the years that Blueberry Markets are consistently very, very good. Fast withdrawal speeds, great conditions to trade, good spreads, good platform, good people to deal with. So I’ll put a link to them as well. So that’s it for this week. I’ll be back in New Zealand next week with more trading information just like this. I’ll see you then. Bye for now. Episode Title: #650: The Forex Trading Routine That Gives Me My Life Back Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Attend my Free Masterclass
loading
Comments