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Trade Smarter: Bollinger Bands Made Easy
Podcast:
Find out more about Blueberry Markets – Click Here
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Book a Call with Andrew or one of his team now
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#615: Trade Smarter: Bollinger Bands Made Easy
In this video:
00:23 – Don’t sit at your charts all day.
00:41 – Using Bollinger bands.
01:19 – You cannot trade every suitable candle without qualifying it.
02:30 – Why Bollinger bands can help you to trade.
04:00 – Add Bollinger bands when checking for suitable candles.
05:02 – New Forex Masterclass.
05:25 – Book a call with us to chat about your trading.
05:45 – Blueberry Markets as a Forex Broker.
06:21 – Like, Share and Subscribe
Today, I’m going to explain to you why I use Bollinger Bands. They’re a really important part of your trading and can massively help you if you know how to use them right. So let’s talk about that and more right now.
Don’t sit at your charts all day.
Hey there, Traders! Andrew Mitchem here at The Forex Trading Coach — outside on a glorious day with one of my wife’s horses here. One of the beauties of trading, and the way that we trade, is that you do not need to sit at your charts all the time. You don’t need to be at the computer all the time.
Far from it. In fact, the opposite — less is more with good trading.
Using Bollinger bands.
But the reason I want to talk about Bollinger Bands today is that I had a discussion with somebody yesterday who’s been trading for just a little while — not a client yet, but he was interested in how we trade, how we operate, and in coming on board with us.
I actually met him in town, took my laptop, and had a really good chat with him. He knows that we use candle patterns and candlesticks as one of our primary ways of looking for a trade and understanding what’s happening in the market.
Now, he’s reading Steve Nison’s book about candle patterns — which I probably looked at maybe 20 years ago.
You cannot trade every suitable candle without qualifying it.
And I said to him, the issue that I find is that if you look at candles just by themselves, they don’t really tell you a lot. They can help, but there are too many false candles. You cannot take every outside bar, engulfing bar, pin bar, or hanging man — whatever it is you’re looking at — as a trade. You just can’t do that, because you’re not going to be successful.
What you need to do, as with any trading, is qualify it and make sure it’s in the right part of the chart.
I took my laptop and showed him some trades that I had open live — in fact, two of the trades hit their profit targets. They were six-hour trades on XAG/AUD and XAG/EUR, which we posted for our members yesterday.
They actually hit their profit targets live as I was sitting in a café talking with him, which was quite amazing. I said, “Well, you can’t make that type of thing up, can you? It just happened right in front of you.”
Back to the story — I was discussing those trades and others, showing him the reasons why we took them. Yes, it was the candle patterns, but also where they occurred on the chart. We were using support and resistance levels, round numbers, stop-loss protection, and all those types of things.
Why Bollinger bands can help you to trade.
But the other point he wasn’t aware of — and what I want to discuss today — is about the use of Bollinger Bands. Now, I’m not a massive fan of using lots of lagging indicators because, well, they lag. However, I find that Bollinger Bands can really help you put the candle in the right part of the chart.
Of course, you need prior trends and indecision and all those types of things. But if you just look at the setup candles that we look for, and if you’re looking for candles that occur near the upper or lower Bollinger Bands, then what you’re seeing are potential reversal trades.
In other words, if you had a nice uptrend and your bearish candle bounced off the upper Bollinger Band (or near that area), then that could be a very nice reversal trade — looking for the downtrend to start. Likewise, the opposite of that — if you’re in a downtrend and you see a bullish candle bounce off the bottom Bollinger Band, then the market might start to reverse upward.
Likewise, we also use the middle Bollinger Band. That’s a great area for helping to quantify trades that are continuation patterns — and continuation patterns are my personal favorite.
It means that the market’s been moving up, then pulls back toward that middle Bollinger Band, you get a bullish candle pattern, and then you’re looking for the market to move upwards again.
The opposite applies for bearish continuation patterns.
Add Bollinger bands when checking for suitable candles.
So, go and add Bollinger Bands to your charts and start looking at the candle patterns that we look for.
By the way, that book I mentioned probably has hundreds of patterns — but you don’t need that many in forex. I generally find that there are only about four patterns that we look out for when it comes to candle shapes.
If you can classify them as reversals or continuations by having them around the upper, middle, or lower Bollinger Bands, then you’ll eliminate a lot of those trades that just occur when the market is flat and not really in the right part of the chart for either a reversal or continuation.
That definitely helped him — especially when he could see the trades live and see the benefit of having someone to help teach you that. It’s even better when you can follow along trades like those six-hour XAG/AUD and XAG/EUR trades that hit profit right in front of him.
To see those, to understand why you’re taking them, and of course to be profitable as well — that makes all the difference.
If you’d like to know more about how we do that and how we can help you — obviously, I met this guy in person, but we’ve got clients in 109 countries, so that’s not going to happen with everyone.
New Forex Masterclass.
The best way to find out about us and how we trade is to jump onto my 30-minute On-Demand Masterclass. You can find a link here on this page.
Book a call with us to chat about your trading.
And if you’d like to book a call to have a chat with myself, you can talk to me or one of the team. You can either email me directly — I reply to all personal emails myself — or, if you’d prefer, have a call with me or the team. I’ll put a link for that as well.
Blueberry Markets as a Forex Broker.
If you’re out there looking for a really good forex broker, I can highly recommend Blueberry Markets over in Australia. They’re great people with a lot of market options, especially on their MT5 platform, which I use — as do hundreds, if not thousands, of our clients.
If you’re looking for markets like XAG/AUD or XAG/EUR (not just XAG/USD, for example), you can find those types of markets — and the candle patterns we’re looking for — on the Blueberry MT5 platform. I’ll put a link to them as well.
Like, Share and Subscribe
Any questions you have, drop me an email or leave a comment here.
And now, I’m going to enjoy the rest of the day with Raven here — my wife’s beautiful horse.
Have a great day or night, whenever you’re watching this, and I’ll see you this time next week. Bye for now.
Episode Title: #615: Trade Smarter: Bollinger Bands Made Easy
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
Surround Yourself with Successful Traders
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
Leave me your comments and feedback
#614: Surround Yourself with Successful Traders
In this video:
00:34 – Do you belong to a community of traders?
01:04 – Survey results show people need to be part of a community of traders.
01:52 – The TFTC community helps our clients succeed.
02:40 – Most trading forums are a waste of time.
04:00 – We trade just 1 strategy, and all help each other.
06:00 – There is more to the course than the strategy.
06:29 – Free 1 hour live Q&A Webinar.
06:40 – Book a call to talk with us.
06:45 – Blueberry Markets as a Forex Broker.
07:15 – Surround yourself with like-minded people.
Did you know that one aspect of being a really successful trader is to surround yourself with other successful traders — other like-minded people from all around the world who are out there achieving greatness in their trading and in their lives in general? Let’s talk about that really important topic and more right now.
Hey there, it’s Andrew Mitchem here at The Forex Trading Coach with video and podcast number 614.
Do you belong to a community of traders?
Today I want to talk about a topic that does not get discussed very much. It’s a really important topic though, and it can make or break your trading. It’s about being part of a community — surrounding yourself, whether it’s in person or online, with other like-minded people.
People out there who are trading the same way as you. People who are trying to achieve things in their life in general. I think that’s such an important part of trading, and I know that for you that’s also really important.
Survey results show people need to be part of a community of traders.
The reason I know that is that a couple of weeks ago, I sent out a survey to people who are not my clients — people who have written to me over the years asking for help or downloaded e-books, been on webinars, etc., but have not yet joined. One of the questions was all about trading community, and it actually had the highest single response. With one answer, it was an overwhelming majority of people — in fact, 76% of all respondents — who said that being part of a community of traders just like them and other traders from around the world is the thing that they are missing out on, and the thing that they value most. 76% of respondents said, “Yes, that’s very, very important to me.”
The TFTC community helps our clients succeed.
And so it got me thinking, because one of the things that we really pride ourselves on here at The Forex Trading Coach is our community.
There are a number of ways that we do that. We keep in touch with people, and when I think about how people interact and I look at other ways that people interact online, what we do is vastly different.
The trouble is, out there most social media platforms are full of keyboard warriors — quite honestly, idiots at times — the majority probably of people who are out there telling others what they should and shouldn’t do. People are taking advice from others who don’t really know what they’re doing, and they’re all out there with their own agenda — not really trading.
Most trading forums are a waste of time.
The other thing I used to be part of years ago — and I haven’t for a long time now — is other forums. The problem is they often get overtaken by some clown who thinks they’re going to dominate the forum and they know more than everybody else. A discussion gets out of hand, arguing starts, and it’s just ridiculous.
Or someone comes up with a good idea and a strategy, and a few threads later it’s completely changed because someone says, “Oh, we need to add this,” or “I don’t like that,” or “We need to do that.” And it just all implodes — it always does.
What I find is that, in general, on social media, people are lonely. They think they’re part of a group, but they’re not. Trading by yourself, whether it’s at home or on a laptop somewhere, is lonely.
How many people listening to this right now have friends who honestly know what you’re doing as a trader? Do they think you’re gambling? Do they think you’re just throwing your money away?
Do you have a husband, wife, kids, or parents who just think, “Oh, you’re wasting your time looking at charts, doing silly things, and gambling your money”? As a result of that, you don’t have anybody to contact. You don’t have anybody to speak to. Now, that’s what 95% of people do. What we do is massively different.
We trade just 1 strategy, and all help each other.
Our forum site is full of traders from right around the world — 109 countries — all out there trading one system, one strategy, all helping each other. Multiple sets of eyes looking at the charts at the same time, all helping each other to achieve that same goal of being a good, consistent, or great and consistent forex trader.
Of course, we look at other markets as well — not just forex. We’re taking sell positions on cryptos this week, and you would have noticed that a lot of those are coming down. We’ve got buy positions on some of the U.S. indices, and you’d have noticed that they’re going up. And of course we’ve got metals, etc., as well. We’re all out there doing the same thing. We’re all out there helping each other. We’ve got like-minded people right around the world.
As I mentioned, we’re trading one strategy. We don’t have people infighting. We don’t have clans or idiots dominating. It just doesn’t happen. It’s a great way for people to connect with each other, ask questions, and participate in live webinars, where people from around the world can attend, ask us questions about trading, watch us trading, and discuss trades in real time.
That whole community aspect is really important. We have other groups that are geographically focused so that people can get together if they wish to — physically in person. There are all these additional items that we provide, including personal mentorship and tutoring as well. The community that we’ve developed over 16-plus years is massive.
I don’t think you can underestimate how powerful that is. As I mentioned, from the survey I sent to people who are not clients, 76% said it was really important to be part of a community. Obviously, people out there who are not part of a community face issues — loneliness, self-doubt, and having no one to ask.
There is more to the course than the strategy.
When you think about what we offer, it’s not just the strategy. The strategy works — we know it works. It’s been proven for years. It’s the daily information we provide that works. The indicators we have — they work. All of that works. But there’s more to it than that.
The community aspect of being able to talk to someone, ask questions, see what they’re doing in real time, and follow along while you’re learning and training — I cannot underestimate that.
Free 1 hour live Q&A Webinar.
If you’d like to know more, have a look at my webinar. If you’ve not been on it, I’ll put a link to it here.
It’s about 30 minutes long. You can join it at any stage. It’s an on-demand webinar. Have a look at that.
Book a call to talk with us.
If you’d like to book a call to talk to myself or one of the team, I’ll put a link here as well.
Blueberry Markets as a Forex Broker.
And if you’re out there looking for a very, very good broker, I can highly recommend Blueberry Markets. Again, when it comes to support and knowing who to contact, they’re fantastic. Great support, great platform on the MetaTrader 5 platform here behind me, with multiple markets — cryptos, indices, metals, commodities, as well as the obvious forex markets. I’ll put a link to Blueberry Markets here as well. So that’s it for this week.
Surround yourself with like-minded people.
Do not underestimate the power of being part of a community and having like-minded people around you.
Whether it’s in trading or in life in general — people who are out there trying to achieve things, keep their bodies healthy, stay fit, look after their families, whatever it is that you do — we’re all trying to do the same thing: better ourselves, better our communities, and help each other. You know where to find us.
Have a look at the webinar or contact us directly if you need some help or would like to come and join us.
This is Andrew Mitchem at The Forex Trading Coach. See you this time next week. Bye for now.
Episode Title: #614: Surround Yourself with Successful Traders
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
Leave me your comments and feedback
Making Extra Income While on Vacation in New York with Paul Tillman
Podcast:
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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
Leave me your comments and feedback
#613: Making Extra Income While on Vacation in New York with Paul Tillman
In this video:
00:26 – Paul Tillman trading from New York on vacation.
00:44 – Account up +1% in 2 days of the week.
01:25 – We can teach you how to trade in just 30 minutes a day.
02:10 – Trade and travel.
02:49 – How to contact us and learn how to trade for yourself.
How would you like to be able to make extra income, extra money, and still go on vacation with your family to sites like New York City? Let’s get into that and more right now.
Hello, this is Paul Tillman with The Forex Trading Coach, and this is video and podcast #613.
Paul Tillman trading from New York on vacation.
I am standing here right in the middle of Times Square in New York, on vacation here. The last time I was with you, I was with Andrew on the top of Grandfather Mountain in the North Carolina mountains, shooting a video and telling everybody how forex can help change their lives.
Account up +1% in 2 days of the week.
So I’m sitting here in New York. I’ve been trading — this is only the second day of the week — where I’ve made more than 1% already, taking trades on XAU/GBP, GBP/JPY, and even BTC/USD. And I’ve done that in just an hour of trading yesterday and 30 minutes of trading this morning.
The key is to make the most of your opportunities — checking the charts at certain times of the day, getting into a daily routine, not getting stuck to your screen all day looking at such short time frame charts. There’s no need for that. You only need to trade 30 minutes to an hour a day to make it create income.
We can teach you how to trade in just 30 minutes a day.
What we can teach you is how to do that. We have a course that goes all the way from A to Z — talking about the very beginnings of forex trading all the way to the end of our strategy. We have live webinars that traders get on every week. We’re looking for live trades, talking about our story with trades and questions.
And then we also have a forum site. The interesting thing about the forum site is that in that 30 minutes a day, outside of that, there was a trade on the USD/MXN just last night on the forum site. I was able to get on the six-hour charts, take a buy trade, woke up this morning ready to tackle New York again, and saw that trade had hit the profit target.
Trade and travel.
So, being here in New York City — seeing a few other professional sporting events, seeing the sights and sounds of Times Square in the capital of the world, as they say — you can do all these things and still trade at the same time. Most of us have families, we have jobs. I’ve got a 12-year-old daughter and an 8-year-old boy who keep me running constantly.
But I can trade around that, and even the job that I have as well outside of trading.
So, we’re headed to go see the sights now around New York City. Going to see our hometown Carolina Hurricanes hockey team tonight before heading back home to Raleigh tomorrow.
How to contact us and learn how to trade for yourself.
If you’re interested in anything that I’ve said about The Forex Trading Coach and having forex change your life, put a comment at the bottom of this video or hit “Contact Us.” Visit our site at TheForexTradingCoach.com.
So we’re off to go see more sights in New York — ice hockey tonight — and we’ll talk to you later. Have a great rest of the week.
Episode Title: #613: Making Extra Income While on Vacation in New York with Paul Tillman
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
Leave me your comments and feedback
Find Out What’s Blocking Your Trading Growth
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
Leave me your comments and feedback
#612: Find Out What’s Blocking Your Trading Growth
In this video:
00:35 – Give me feedback – what’s holding you back?
01:10 – Possible issues preventing you from trading well.
02:07 – Do you want to trade Crypto’s and not FX?
02:42 – I can help you if you first let me know your issues.
03:45 – Blueberry Markets as a Forex Broker.
04:00 – Brand New Forex Masterclass.
04:07 – Comment, Like, Share and Subscribe
What’s holding you back from being a very good and successful and profitable trader? I want to find out more from you, because if you let me know what your issues are, then I can help you to overcome those and to become that type of trader that you’ve always wanted to be. Let’s get into that and more right now.
Hey there Traders! This is Andrew Mitchem here at The Forex Trading Coach with video and podcast number 612.
Give me feedback – what’s holding you back?
So today, something different — I need feedback from you. The reason I want feedback from you is because unless you let me know what your issues are, I can’t either help you or provide content that will help you.
I’m guessing that if you’re watching or listening to this, you’ve either been trading, looking at trading, or tried it in the past and it hasn’t worked — and something is holding you back.
So let me know in the comments below or email me directly at Andrew@TheForexTradingCoach.com
what those issues are. It could be more than one. Obviously, is it.
Possible issues preventing you from trading well.
For example, a lack of time? You feel that you’ve got too much going on in your life and you either don’t have enough time to potentially learn to trade or to do the trading itself?
Are you worried about being glued to your charts, looking at screens all day long, and finding that boring or unappealing?
It could be a lack of knowledge. Maybe you feel that you just don’t understand the markets enough to justify putting real money into your trading.
It could be a lack of confidence. There are a lot of people out there who can trade demo and do very well on demo, but they have an issue when it comes to trading live.
That could be an issue. Or maybe you think you’ve got a lack of money, and you’re thinking, “Well, what’s the point in either investing money in education or even into my own trading if I’ve only got $500 in my account? It’s pointless because I’m putting all that time and effort into it for just a few dollars return.” So it could be that.
Do you want to trade Crypto’s and not FX?
It may be that you’re not interested in forex at all — maybe cryptos are your thing. So if you are wanting to learn how to trade cryptos, that’s some feedback you could give me. You might be going, “Andrew, look, forex is old. It’s had its day. It’s not moving. Cryptos are clearly the way of the future, and I want to know how to trade cryptos. I’m not interested in forex, metals, and commodities, and all those other markets.” So potentially, that could be the issue.
It could be a mindset thing. It could be a time thing. It could be a lack-of-knowledge thing. Whatever it is, I’d love you to let me know.
I can help you if you first let me know your issues.
Because after 16 years of being a forex coach and educator, I’ve kind of seen it all. We’ve got clients right around the globe with all different levels of experience, backgrounds, and everything else. So we kind of know what works. But we also want feedback, because in order to keep progressing, helping people, and building the community that we have, we need to know where new issues and new problems are.
Like I said, it could be something as simple as you wanting to learn only to trade cryptos and forex is not your thing. Or it might be that you’re just not interested in learning to trade at all yourself, and all you want is to copy someone — maybe through signals, managed accounts, or prop firms. Whatever it might be, let me know in the comments below.
Because like I said, the more that you let me know, the more I can help you. I’ll put a link to my email address here as well.
Blueberry Markets as a Forex Broker.
And if you’re out there thinking, “Well, I need a good broker and I am looking at trading forex,” then I’ll put the link here to Blueberry Markets. I think they’re a very good broker. They offer the MT4 and especially the MT5 trading platform — so have a look at them.
Brand New Forex Masterclass.
Also, if you have not been on my new 30-minute On-Demand masterclass, I’ll put a link to that as well.
Comment, Like, Share and Subscribe
But most importantly — give me feedback. I’d love to get comments from you.
You’re watching this or listening to this for a reason. Like I said, you’re interested in trading, or you’ve been following me for some time, and clearly something is holding you back.
So what is that? What’s stopping you — either from getting into trading or from making money from your trading? Let me know. The more you let me know, the more I can help you to make this work for you.
This is Andrew Mitchem here at The Forex Trading Coach. I’ll see you this time next week. Bye for now.
Episode Title: #612: Find Out What’s Blocking Your Trading Growth
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
Leave me your comments and feedback
Daily Reversal Pattern That Nailed Profit
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
#611: Daily Reversal Pattern That Nailed Profit
In this video:
00:35 – Trading reversals and continuations.
00:58 – What to look for when trading reversals.
01:23 – Selling the XAG/AUD D1 for 3.5:1 R:R profit.
03:19 – Traded using a Sell limit order.
04:23 – Brand New Forex Masterclass.
05:02 – Free 1 hour live Q&A Webinar.
05:17 – Blueberry Markets as a Forex Broker.
05:58 – Like, Share and Subscribe
I want to talk a little about reversal patterns, and we had a fantastic reversal pattern on a daily trade just this week. They look really good on the charts, and they can be a fantastic way to profit from the markets. So let’s talk about reversals and more right now.
Hey there traders! It’s Andrew Mitchem here at The Forex Trading Coach with video and podcast number 611.
Trading reversals and continuations.
So I personally trade two different chart patterns. I look for continuation patterns and I look for reversal patterns. Now, if you’ve been following me for any length of time, you will know that I prefer continuation patterns because it means that you’re trading with the dominant trend. But after a pullback or retracement.
What to look for when trading reversals.
However, I also still do look for reversal trades. Now, they can look really very good on your charts, but they do pose slightly more risk because you are trading against a very strong uptrend or downtrend. However, there are a number of things you can do to put more factors in your favor to give yourself a high-probability chance of a successful trade.
Selling the XAG/AUD D1 for 3.5:1 R:R profit.
Now, a great example of that is just this week. On Monday, the 20th of October 2025, we took a sell trade on the daily Silver Australian dollar. So go have a look at the charts — XAG/AUD — on the daily charts, and you will see that Friday’s candle, the completed Friday candle, was an all-time high, but also it closed very strongly back down as a bearish candle and had a number of other things in its favor.
Not only was it an all-time high, but it had a trend line break, it was overbought, there had been recent divergence, and it broke down through the round number of 80 and closed below that level at the end of the week. So on Monday, at the beginning of the week, we suggested and took ourselves a sell trade based off that chart.
Now, if you’ve been following gold and silver against almost everything over the last few weeks and months, you know that they’ve just gone up and up and up. They’re going crazy. And so with anything that does that, there’s always going to be an opportunity for it to get overbought and then pull back. Now, I don’t know — and I don’t particularly care — whether gold and silver, or in this case silver against the Australian dollar, has a massive fall away. It doesn’t really matter for this particular trade. All I’m looking for is a slight pullback based on the candle pattern.
Now, two candles later, we hit our full profit target on this particular trade for a very healthy 3.5 to 1 reward-to-risk. So that means if you risked 1% on the particular trade, you would have made a 3.5% gain on your account, which is pretty amazing considering it took just what — a minute, if that, to place the trade — and two candles later it hit the profit target. So have a look at what actually happened on the chart. Now, we take limit orders.
Traded using a Sell limit order.
So at the beginning of the week, we didn’t just take a market order. We put a sell limit to sell XAG/AUD if the price first pulled back — which it did. It got to exactly our entry level and then turned around as anticipated and went straight to our profit target some two candles later.
That is a great example of a lot of things all adding up together to suggest that that trade was going to work in our favor. When you look at it on a bigger picture, XAG/AUD had been in an enormous uptrend, and it turned over, and we took that opportunity to sell it. As I mentioned, where it goes now, I’m not particularly bothered because I’m out of this particular trade and therefore looking for new opportunities.
It could well pull back and then continue back up again in that overall direction. If that’s the case, that gives us a great buy opportunity, which becomes a continuation pattern. But today we’re talking reversals, and that is a great example of reversal patterns.
If you’d like to find out more about how we trade and how we can teach you and help you to become a successful trader with our help — after all, we’ve been doing this for more than 16 years and have clients in 109 countries — we kind of know what we’re doing, and we know what works and what doesn’t in terms of the strategy and teaching.
Brand New Forex Masterclass.
If you’d like to find out more, click on the link. You’ll find my 30-minute On-Demand masterclass. Set aside 30 minutes, go and watch that — you’re going to learn a lot of information from it.
Also, don’t forget to go back and watch previous videos and podcasts just like this. After all, there are 611 of them for you to dig into and learn from.
Free 1 hour live Q&A Webinar.
If you’d like to book a call to have a chat with either myself or one of the team, I’ll put the link here for that as well. You can have a no-obligation 30-minute chat, and we can help you with your trading and show you what we do and how that could potentially help you.
Blueberry Markets as a Forex Broker.
If you’re out there looking for a very good broker, I can highly recommend Blueberry Markets. I’ll put a link to them here. All these trades that you see behind me here were all taken on Blueberry Markets — in terms of that Silver trade, XAG/AUD. They’ve got Silver and Gold against the Australian, the US, the Euro, the Pound, the Chinese Yuan, the Singapore Dollar, and there are probably others that I’ve missed. So lots and lots of opportunities to be very selective and pick the highest quality chart setups. As technical traders, that’s exactly what we need. So Blueberry Markets — I can highly recommend you consider them if you’re out there looking for a good broker.
That’s it for this week. I hope you’ve enjoyed the session and learned all about reversals.
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Any questions or comments? Please leave them on this page. And don’t forget to like, subscribe, and share this with anybody who is out there looking to become a good trader. I’ll see you this time next week. Bye for now.
Episode Title: #611: Daily Reversal Pattern That Nailed Profit
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
Stop Losing — Learn Forex the Right Way
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 Watch my Q&A Webinar Replay
#610: Stop Losing — Learn Forex the Right Way
In this video:
00:33 – “Ask me anything” trading Q&A webinar.
01:19 – Trades were shared, live and closed trades.
01:50 – A lack of trading knowledge.
02:50 – Most people lack a trading plan and strategy.
04:09 – A lack of money management.
05:20 – Invest in your trading education first.
05:49 – Masterclass webinar.
05:54 – Book a call with us.
06:29 – Blueberry Markets as a Forex Broker.
07:00 – Like, Share and Subscribe
If you want to be a successful trader, one of the really important things that you must do is take your time to learn the craft properly. If you do that, the rewards will be huge. So let’s talk about that important topic and more right now.
Hey there Traders! It’s Andrew Mitchem here at The Forex Trading Coach with video and podcast number 610.
“Ask me anything” trading Q&A webinar.
Really important lesson today, and it all comes from a free-to-the-public live one-hour webinar that I held earlier this week. I called it “Ask Me Anything,” and people could come onto that webinar live, in real time, and ask me any trading question at all.
And of course, I had some emailed to me from people that couldn’t attend live. It was a great session — lots and lots of valuable information — and I’m going to put a link to that webinar here on this page somewhere. I really encourage you, if you were not on the session live or if you’ve not yet seen the recording, to go and watch that session, because I help people with all the questions that they have. And with my 20 plus years of knowledge as a full-time forex trader, there’s a lot of valuable content there.
Trades were shared, live and closed trades.
I shared all my open trades live at the time of the webinar, and I explained why I had those trades open and which trades I had. From last week I shared all my trades — positive and negative trades.
You could see that I had a 6.5% gain last week with very low risk per trade and high reward-to-risk — everything that I talk about. You can see that from the previous trades and you can see that on the live open trade. So there’s nothing hidden; everything there for people to see.
A lack of trading knowledge.
Now, one of the parts that I got from the session was I realized that there are so many people out there who all want to be traders, which is fantastic. But the trouble is, I got the impression from a lot of people that there’s a lack of general trading knowledge out there. Maybe that comes about from people hearing about trading and wanting to get into it but not really spending that time upfront to get that real knowledge.
For me, that was quite a concern because it seemed to me that there were a lot of people on that webinar who were just not profitable, and yet they were still trading on live accounts of their own.
A lot of people seem to be trading on prop firms and failing them. That is just a complete and utter waste of your time and money. Because why would you go and invest in something — either your own live funds or a prop firm, or both — when you don’t really know what you’re doing?
Most people lack a trading plan and strategy.
The takeaways I got from that are that, in general, most people seem to either not have a strategy, didn’t really have an actual trading plan, or didn’t know what they were looking for.
So I had questions about what it is that you’re looking for — what makes a trade? What, in my eyes, determines what is a trade and why? They don’t know what pairs to look for, they don’t know what timeframes to look at, and they don’t know what market to look at either. Whether you’re looking at cryptos or metals or forex — I got the question, “What’s the best pair to trade?”
Well, there is no best pair to trade. It depends on what’s happening in the market right now. What’s the best timeframe? Again, it depends on what’s setting up in the market right now. How do you enter a trade? Where do you put your stop loss? Where do you put your profit target?
I feel that a lot of people don’t have a set strategy and know exactly what to do. They don’t know when to look at their charts. Are they looking sort of midway through a candle formation because they happen to be at their computer right at that point?
If you’ve been following me for any length of time, you know that I look at a candle pattern and I only look at the close of a candle, so I know exactly when I need to go and look at my charts.
I know what timeframes to look at and when I look at strength and weakness of currencies, so I know which ones I’m preferring and in which directions.
A lack of money management.
Again, it comes down to money management — that was lacking. People didn’t understand risk. They didn’t understand small controlled risk. They didn’t understand how to calculate the lot size needed for various trades.
Most people didn’t seem to understand that your account denomination — if your account is in U.S. dollars, Canadian, euros, or New Zealand dollars — has a different payout per pip. It also depends on what currency pair you’re trading. I found there was a lack of knowledge about that.
People didn’t understand reward-to-risk either. They were just putting X number of pips as a stop loss and X number of pips as a profit target, regardless of the pair or the current market conditions.
So overall, just a big, big lack of general basic knowledge for people who are trading real money and investing time and money into this. And of course, what’s the likely outcome for those people? Well, they can lose money, they give up, and they blame the market. They say it’s rigged or it’s the broker’s fault. But it’s not — it comes down to you, because you haven’t put that time and effort into it.
Invest in your trading education first.
Why waste money on a prop firm account when you could put that same money into some education and then learn to trade properly going forward? I give information about how I trade with prop firms, copying one account over multiple accounts. There’s a lot of valuable information in that webinar.
So I really encourage you to go and watch it. As I said, there’s a link here — it’s about one hour long — and a huge number of questions were covered across many topics.
Masterclass webinar.
Also, if you’ve got another 30 minutes, I really encourage you to jump on, after you’ve seen that webinar, to my 30-minute masterclass session.
Book a call with us.
If you’d like to book a call to speak to myself or one of the team about how we can help you with your trading — after all, we’ve been doing this for over 16 years. We’ve got clients in 109 countries. We kind of know what we’re doing. We know what works and what doesn’t work. We know how to help people because everyone learns differently — some by watching, listening, reading, doing.
We cover all of that with our trades that we post for people and the way that the course is structured so you can learn it properly, fully understand it, and know exactly what to do and when to do it.
Blueberry Markets as a Forex Broker.
Finally, if you’re out there looking for a really good broker, I can highly recommend you consider Blueberry Markets. They have the MT5 trading platform with a huge number of markets available and very good spreads. Great people, and very quick to get your funds back when you withdraw your profits as well. I’ll put a link to Blueberry Markets here as well.
So don’t forget to watch that one-hour webinar that was made just this week. It was live, in front of a lot of people. I really encourage you to go and watch it — the link’s here — and then have a look at the 30-minute masterclass.
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Any questions you have, please feel free to email me or comment below here, or send me an email directly at Andrew@TheForexTradingCoach.com
. I’ll see you this time next week. Bye for now.
Episode Title: #610: Stop Losing — Learn Forex the Right Way
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 Watch my Q&A Webinar Replay
Fundamentals vs Technicals – Which Drives Markets
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
#609: Fundamentals vs Technicals – Which Drives Markets
In this video:
00:28 – Technical or Fundamental trading?.
01:05 – Example this week of why I am a technical trader.
02:40 – Interest rate announcement out of New Zealand.
04:07 – We profited from 5 Daily chart trades.
04:25 – Monthly Sell on the NZD/USD also hit the profit target.
05:44 – Brand New Forex Masterclass.
05:57 – Free 1 hour live Q&A Webinar.
07:06 – Blueberry Markets as a Forex Broker.
07:50 – Like, Share and Subscribe
Which came first? The chicken or the egg? Or in trading terms, fundamentals or technicals? Who’s the winner, and which came first, and which is most important? Let’s talk about that more right now.
Hey traders! It’s Andrew Mitcham here, the owner of The Forex Trading Coach, with video and podcast number 609.
Technical or Fundamental trading?
So today really is the chicken-or-the-egg question. And as traders we look at all the technical charts, or we look at fundamental news events, or some people have a combination of both. Now, I’m certainly a technical trader. I’m going to share with you why I think that is the most important, but also I’m not saying that news is not important. It’s just I think you need to develop, as a person, as a trader, and find out which one is best for you and why. Or maybe the answer is a combination of both. But I’m a technical trader.
Example this week of why I am a technical trader.
Now, here’s a classic example. On Wednesday morning, my time, we were looking at the daily charts at the close of the Tuesday daily candle. And we do this every day, and we’ve done this for the past 16 years. So at the close of a daily candle at 5 p.m. New York time, we analyze the charts and we look at trades based off the daily charts for the new day.
And if you go and look at the close of Tuesday’s daily candle, you would see many New Zealand-related pairs all showing massive NZD weakness. And we identified five trades as specific trades based off the daily charts, based on that NZD weakness. And they were the NZD/USD, NZD/CAD, NZD/CHY, AUD/NZD, and GBP/NZD.
Now, the last two have been Australian and Pound against the New Zealand. They were buys. The first three were sells, all looking for NZD weakness. So that’s the technicals. We saw room to move for the profit target. We saw safety in our stop loss. And for what I look at and what we teach, we had everything setting up there as five excellent, high-quality trades off the daily charts. Now we come back to the chicken and the egg, and we come back to what was actually happening and why.
Interest rate announcement out of New Zealand.
Well, four hours into the new day, out of New Zealand here, we had interest rate announcements, and they were expected to drop the interest rate by a cut of 0.25, or 25 points. That was what Forex Factory and all the news sites were expecting.
However, as a technical trader, I looked at the charts and not only did I see the New Zealand weakening, but I saw massive weakness coming. And for me, when I looked at that news event, I thought, I think this is going to be a bigger cut than expected. Now, whether it is or isn’t doesn’t really matter. It’s more the fact that I could see maybe that 0.25 basis points already probably factored into the market, but the market was showing me a bigger drop was likely to come and therefore a bigger cut than what the economists were expecting.
And that’s exactly what we saw. So when it comes to the fundamentals, we did see a half-percent cut, which is a massive cut from 2.5 down to 2. You know, that’s a big, big cut, and it’s to stimulate the economy and, you know, things like that. So we saw a doubling of the expected cut—expected 25 points, we got 50—
We profited from 5 Daily chart trades.
And we profited from those trades. We put those five trades on; all five were profitable trades. And again, it comes back to why I’m a technical trader, because we could see on the charts this already happening—this likely move already happening.
Monthly Sell on the NZD/USD also hit the profit target.
And you take it one step further, and on the monthly charts we also hit our profit target on our August 2025 monthly chart, which was also a sell on the New Zealand dollar.
US dollar. Now, if you go back and watch my trip where we spent four weeks traveling around America, you would see that at the beginning of August I actually made a video and I said, look, I’m taking a sell trade based on the monthly chart—so, looking at the close of the July 2025 monthly chart.
So beginning of August, we had a sell setting up on the monthly chart, like the biggest time frame that we can trade. So my bias is already buying NZD/USD weakness. Anyway, fast forward through to October: our monthly chart has now hit the profit target, and our daily bias—which was looking at sell positions, or shorting the New Zealand dollar—was in the same direction as the likely news and in the same direction as our bigger-picture technical monthly chart, also on the NZD/USD. So you put the whole lot together, you can see how we analyze the charts, what we’re looking for, and why this works so well once you understand what you’re looking for and how to do this.
Brand New Forex Masterclass.
So if you’d like to find out more about how we do this, I have a brand new 15 minute—sorry, no, it’s a 30 minute—masterclass which you can jump onto. I’ll put the link here. It’s been released about two weeks ago,
Free 1 hour live Q&A Webinar.
and on next week—so probably a day or two after you get to see this video and listen to the podcast—I’m going to be holding a live one-hour webinar where anybody can attend.
There is going to be nothing pre-made. There is nothing to sell or talk about in terms of the course. It’s purely going to be there to help you to come on board live if you can, or ask questions in advance. And it’s going to be an open Q&A—ask me anything about how I trade or trading in general: lot sizing, or whether it should be fundamentals or technicals.
Any question you have, and I can give you my 20 years of full-time trading knowledge and experience, and some suggestions to help you. If you’d like to come on board with that, it’s a one-hour session. I’ll put a link here so you can register as well. You will need to register to jump on that. Hopefully you can get the live.
If not, maybe register and then watch the recording. But any questions you have—any topics you would like me to cover that’s going to help you as a trader—send an email to me or leave a comment here. My email address: Andrew@TheForexTradingCoach.com
, or leave a comment somewhere here below.
Blueberry Markets as a Forex Broker.
If you’re out there looking for a really, really good broker, I can highly recommend Blueberry Markets. Pretty much anybody around the world, apart from the US and a few other countries, can open accounts with them. I use the MT5 platform. Lots and lots of markets—you know, things like the NZD/CHY we took just yesterday. You know, some brokers don’t offer pairs like that.
So, lots of different currencies, lots of exotics as well now, and cryptos, metals, commodities, indices, etc. Not only that, great people and fast, great service as well. So, Blueberry Markets—I’ll put a link to them as well.
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So that’s it for now. Try to get onto my webinar—the one-hour Q&A session— and also make sure you jump onto that 30-minute on-demand masterclass as well. So, right, the trading—we’re doing well. We’re helping people. I’ve been doing
this for like 16 years now. Check out our reviews also on Forex Peace Army to see how we’re making a difference in the world. And any questions, of course,
Please leave comments below. This is Andrew Mitchem here from The Forex Trading Coach. I’ll see you this time next week. Bye for now.
Episode Title: #609: Fundamentals vs Technicals – Which Drives Markets
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
Build Confidence & Consistency in Trading with Diana Perkins & Forex Coach Andrew Mitchem
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
#608: Build Confidence & Consistency in Trading with Diana Perkins & Forex Coach Andrew Mitchem
In this video:
00:31 – My trading chat with Diana Perkins.
00:56 – Andrew & Diana trade different markets but share a common philosophy.
04:15 – Risk management and psychology.
05:27 – Removing the hype around trading.
13:15 – Lot size, risk, demo and live trading.
19:14 – Technical trading and News Trading.
22:05 – Trading FX, Metals, Indices, Cryptos and Commodities.
25:15 – Using currency Strength and Weakness.
27:07 – Fitting trading around your lifestyle.
32:05 – Enjoy your trading.
38:20 – Trading via a Prop firm.
39:25 – Knowing that you have the knowledge to trade for yourself.
42:22 – Contact Diana
Andrew Mitchem
One of the best ways for you to learn how to trade properly is to listen to conversations between experienced traders. So today I’ve got something really special for you. Just yesterday I had a chat with Diana Perkins from Trading with Diana. We trade different markets, but we both share the same philosophy, and it’s going to help you massively.
Andrew Mitchem
Let’s get into that more right now.
My trading chat with Diana Perkins.
Andrew Mitchem
Hey traders, Andrew here at The Forex Trading Coach with video and podcast number 608. For 40 minutes you’re going to get absolute gold with my interview with Diana Perkins. Let’s start straight away. Everybody, it’s Andrew Mitchem here at The Forex Trading Coach. Absolutely thrilled today to be joined by Diana Perkins from Trading with Diana. Welcome along, Diana. Nice to see you so much.
Diana Perkins, CPA
And thank you for having me.
Andrew & Diana trade different markets but share a common philosophy.
Andrew Mitchem
Awesome. Well, look, we got put together because I think someone thought that we would have a great education and insight to help people, because although we do slightly different things, I think our philosophy of trading and helping people is something that will align really well for people watching and listening to this. So maybe first of all, Diana, if you could introduce yourself, who you are and what you do.
Diana Perkins, CPA
Absolutely, and I agree with the person who connected us. I’m really excited for this conversation. So, Diana Perkins, I’m the founder of Trading with Diana, which is an educational platform where I teach everyday people how to trade the market with confidence. I do this through workshops, personalized coaching, and newsletters, and it’s honestly the best part of my day.
I spent a good part of my career trading and mentoring and coaching others in the space, and recently launched my own business so I can do this full time.
Andrew Mitchem
Awesome, awesome. So, when you coach people, what kind of markets do you generally look at? What do you help them with?
Diana Perkins, CPA
Yeah, it’s typically the US equity market and we’re focused on stocks, ETFs, you know, some index funds and, for a small subset—although it’s growing—options trading, which I don’t normally market. But I did used to be a professional options trader. I love it. There’s so much that you can do with stock options. So focus in those areas.
But it’s really all market conditions, which brings up—I actually just spoke with a trader this morning about that—just looking almost, you know, the last nine months in review, but all different market conditions across all different sectors. It’s really a flexible approach. And you’ll hear me say that investing, it’s very individual.
Andrew Mitchem
You know, I was reading your background about how you started when you were young with charging—I think it was the interest—some borrowings and things like that, and it was like, that was really cool. I love that whole story. So I’m guessing you’ve been into, like, the financial industry or business for most of your life?
Diana Perkins, CPA
Yeah, absolutely. So as long as I can remember, I was a numbers girl. At eight years old, I learned what compound interest was, and when my family found out I had a little bit of, you know, petty cash, they started asking me for money. So I charged interest because that money could have been earning interest in the bank account.
So, yeah, from an early age, I always knew finance was my passion. Throughout my career, you’re right, I spent about 20 years in various roles in the finance industry. But it was really a class I took in college where we had a virtual stock exchange competition. I’m very competitive by nature, and I wanted to win in order to understand what moves the markets.
And so that’s how I learned. I knew this is what I wanted to do, but I wanted to do it on my own terms—if you want. But, so what I did is I got my finance and accounting degree, my CPA, did corporate job, and then ten years in, I went out on my own to learn how to trade stock options and never look back.
Risk management and psychology.
Andrew Mitchem
So that’s interesting because I’m guessing with that kind of background, you learned either the hard way or straight away about risk as well, because I find it interesting that, you know, we’re in—especially myself in the forex market predominantly—we’re in this industry where people think risk is like, you know, they have to risk everything, or “I don’t want to do it because it’s too risky.”
I’m guessing that we’re both completely the opposite, and we’re both very conservative and risk-averse in how we trade. And I’m guessing that with your business, it’s the same thing.
Diana Perkins, CPA
Yes. I would say that’s an area where we’re probably very similar—where it’s not—but risk management, that’s what keeps you in the market long term. Yeah. Really kind of the sexy side, I think, of trading, which is why I think a lot of trading education or, you know, just when I say that, I say it loosely—like YouTube videos and things that, you know, the masses are looking at—they don’t really hone in on that as much. Like 80% discipline and mental and managing our emotions in trading and sticking to a structure and plan and building that consistency over time.
Removing the hype around trading.
Andrew Mitchem
Yeah, and like you brought the word emotion into that. I think that’s such a—I’ve always said to people when they start, there’s two things you’ve got to control. One’s up here and the other’s in here—your head and your heart. Your emotions are such a massive part of trading.
And I see the danger, you know, with YouTube, TikTok, and Instagram—all that type of thing—you know, there’s a little bit of okay information out there. There’s obviously a lot of bad information. People always show you the flashy red Ferraris and the private jets and “look what I did on this trade, I made 50%,” but we both know that behind the scenes, that’s not real.
But unfortunately, a lot of people get, I suppose, caught up in that roller coaster of thinking they’re going to make a fortune straight away. And I noticed on your site—and there’s one thing I also say—you had a section on there “who this is not for,” and I thought that was really interesting and good because we’re both upfront and honest. We’re here to help teach you, but if you want some ridiculous, you know, gain, you’re not going to get it with us.
Diana Perkins, CPA
That’s right. That’s absolutely right. And I think a lot of what’s out there—I agree—there are a lot of folks who want to say how, you know, they see that one story, like you said, with the Ferrari, right? “Oh, I want that. How do I get that easily and quickly?” Yes. It’s true—like anything in life—you need to put in the investment upfront, and it’s not even, you know—I mean, some of it, yes, dollar-wise—but the investment of time and your energy to really learn how to do it right.
And I think there’s like this misnomer out there that—and you do need to make that investment—but you don’t need, you know, millions to start. You don’t even need thousands to start. I mean, right. And I have a feeling you and I could get really into this, but right now the markets are more accessible than any time before.
Right. You can open an account in, you know, 15–20 minutes. You can start with dollars. You—you know, you can’t afford a $500 share of Microsoft? You can buy a fraction share on many of these platforms. So it’s so accessible. But you do need to make that investment upfront on education because you don’t want to get whiplash.
And you don’t want to lose money in a trade because you put in the order backwards. You know, you want to do it because maybe you called the market wrong. So, so many learnings—I’m sure you could attest as well, having been, from what, 15 years.
Andrew Mitchem
So would it be fair to say that it’s the learning how—like the how to do it—that is the most important thing right now when someone starts, or even if they’ve been doing it for a long time and have failed? It’s the learning properly, the “how to.” Because I say to people, if you do that upfront, forget about the next six months or even the next year. You know, use that time as your learning process—your learning phase.
And if you do that right, then afterwards things will be really good, you know, financially. But do that groundwork—that hard work—upfront. Learn how to do it properly and to a low risk. Learn what sort of person and trader you are, and the results will follow.
Diana Perkins, CPA
Yes. And actually that last piece that you just mentioned—learn the type of trader that you are. We all have a different and personal relationship with money. And when it comes to trading—and I talk to a lot of my traders about this—many times they’ll say, “I feel like you’re a life coach in addition to my trading coach,” because back to—you know, because
Trade Bitcoin Like a Pro
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
#607: Trade Bitcoin Like a Pro
In this video:
00:26 – Do you want to know how to trade Cryptos?
00:45 – I want to buy Bitcoin.
01:50 – What’s your local exchange rate against the USD?
02:28 – Trade Crypto using my proven FX strategy.
02:55 – Wait for a pullback first.
03:22 – Trade only the bullish patterns.
03:49 – Trade a different crypto that is a better buy.
04:54 – Check out my new 30 minutes Masterclass.
05:18 – Book a call to talk with us.
05:22 – Blueberry Markets as a Forex Broker.
05:48 – Like, Share and Subscribe
Today, I wanted to share with you how you can invest in the crypto market wisely, using a proven trading strategy. So let’s talk about that and more. Right now.
Hey there, Forex Traders! It’s Andrew Mitchem here at The Forex Trading Coach with video on podcast number 607.
Do you want to know how to trade Cryptos?
So today we’re actually not talking about forex. We’re going to be talking about cryptos. You see this so many people out there jumping on the bandwagon of buying cryptos. And unfortunately most people don’t really know what they’re doing. The trouble is that just buying cryptos or coins because of that whole FOMO, the fear of missing out.
I want to buy Bitcoin.
And a classic example of that is just a few weeks ago, I was talking to a friend of mine and she said, look, Andrew, I’ve gone and bought some Bitcoin. I said, fantastic, but why did you buy a Bitcoin when it was an almost like it’s an all time high. So far it was up close to $124,000 USD.
And you know that so far has been the highest it’s ever got to. And she said oh well, I’ve just got some money through the sale of a property and I thought I’d buy some bitcoin. You know, I don’t want to miss out and I think it’s going to go higher and higher. I said, well, okay, look if you’re willing to hold it for, you know, months, years, it could still well be an okay decision.
But the here’s the issue that I find with so many people is they are not buying a crypto for a particular reason. They buy Bitcoin because they know Bitcoin. And everybody says it’s going to go to 200,000. And so you’re buying it thinking it’s going to go up. Probably not a great way of doing it. And there’s probably other things you can do to make that decision better.
What’s your local exchange rate against the USD?
Now added on top of this, if you don’t live in the US and you’re buying it in equivalent of another currency, like for me and my friend who is New Zealand dollars right now, the New Zealand US dollar rate is really, really terrible for us because the US is strong and then New Zealand is weak. And therefore if you’re buying an equivalent in US dollars, you’ve got a double whammy.
You’ve got the let’s say Bitcoin that almost an all time high. And you’ve got the NZD/USD rate at very low rate. So you’re getting smashed on both sides. It’s costing you a lot of money in your local currency to go and buy already a high value product such as Bitcoin.
Trade Crypto using my proven FX strategy.
Now take this back to how we trade and how we can help you. There’s a few things you can do because we trade cryptos using my proven forex strategy in exactly the same way as we would trade, let’s say the EUR/USD. And what we’re using is technical analysis. And you can apply some very simple basic. Once you know what you’re doing technical analysis to make your crypto decisions better. So let’s stick with our example of buying Bitcoin.
Wait for a pullback first.
Instead of just randomly buying Bitcoin at today’s price. You could instead use some good technical knowledge and wait for a pullback and then a bullish opportunity to go long again and buy it at a lower and better price. Wouldn’t that be a simple and good idea? Why would you not want to buy something at a lower and better price than it is like today, when it potentially could be quite high?
Trade only the bullish patterns.
So you could do that if your long term perspective is Bitcoin is going to be heading up and you see that on longer term charts such as like let’s say monthly charts. You just simply wait for pullbacks and then you could potentially buy again or the other thing you can do is it heads up towards these all time highs or breaks them and starts pulling back.
What’s to say you couldn’t just sell some and wait for it to pull back some profit on those moves, wait for it to pull back and then look for bullish action and then buy again. So that’s bitcoin covered.
Trade a different crypto that is a better buy.
And of course the other thing you could do is avoid Bitcoin altogether. Why don’t you use your skills and your technical knowledge and your chart skills to look at other cryptos, other coins that may be at historical lows and they’ve pulled back from some highs and they’re a great oversold, chart.
And there’s a great opportunity to see them reverse again. And you could be like buying them in the sense, let’s say instead of the hundreds of thousands of dollars like you would with Bitcoin. So don’t just stick to Bitcoin or Ethereum because they’re the ones that everybody knows. Why don’t you look at something that’s pull back. And it might be as an example $0.10 and its historical price is a dollar.
Well if it’s at $0.10 and it rises to $0.20, well, haven’t you done quite well out of that. You know, and you could do these, look at these other charts. You don’t just have to stick to the main ones. And so I would use a combination of those skills. And the beauty is of what we do, it can be traded on any market.
Of course cryptos as we just mentioned and of course forex. But other markets as well. So if you’d like to find out how we do this and how we can help you to invest in cryptos if that’s what you want to do, but with a little bit more skill and probability behind you, rather than just randomly buying something.
Check out my new 30 minutes Masterclass.
So have a look at my new 30 minute on demand masterclass to set 30 minutes aside. Jump onto it. Watch it, and you’re going to learn a lot about how we trade, including on the cryptos, and how you can do exactly the same.
Book a call to talk with us.
If you’d like to book a call with the team or myself, there’s a link here as well.
Blueberry Markets as a Forex Broker.
And if you’re out there looking for a really good broker to trade the cryptos on, and forex and metals and commodities and indices, I’ll put a link here to Blueberry Markets. Select the MT5 trading platform, and you’ll have a huge array of cryptos available for you to trade as well. And you can use their charts, of course, to make your trading decisions. And to look for those pullbacks or those oversold, cryptos that we’ve just talked about. So I’ll put a link to Blueberry Markets here.
Like, Share and Subscribe
And any questions you have please send me an email Andrew@TheForexTradingCoach.com or leave a comment if you’re watching. And I’ll see you this time next week. Bye for now.
Episode Title: #607: Trade Bitcoin Like a Pro
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
Independent Wealth: Trading for True Freedom
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 Learn How to Gain 1% Daily
#606: Independent Wealth: Trading for True Freedom
In this video:
00:27 – Independence is awesome.
01:02 – Monetary independence.
02:17 – The good old banking days have gone.
03:00 – Do you fit the narrative?
04:01 – Self-reliance through trading.
05:32 – Brand New Forex Masterclass.
06:15 – New course pricing structure available.
06:57 – Blueberry Markets as a Forex Broker.
07:22 – Like, Share and Subscribe
I’m going to talk today about becoming your own bank and how, through becoming a good trader, you can achieve this for yourself. Let’s get into that more right now.
Hey there, Traders! This is Andrew Mitchem here at The Forex Trading Coach with video and podcast number 606.
Independence is awesome.
Today I want to talk about being independent. I choose to become independent with the way that I live. We grow the vast majority of our own food. We have access to our own meat. We catch our own fish. I’ve got beehives for our own honey, and we like to grow and produce as much food at home as we can because it allows us to be independent.
And alongside that, you’ve got all the obvious health benefits. So that’s a personal choice.
Monetary independence.
Now, when it comes to money, I also personally choose to become as independent as I can. Just last week I was interested in purchasing a rural property with my wife, and I thought, well, let’s go and ask the bank to see if they would help finance it because, you know, money’s relatively cheap.
And if you can get finance at, sort of, 5%, let’s say, and you’re making, let’s say, 5% in a month through your trading, well, you’re better off borrowing from the bank. So we approached the bank to see if they would help us for this property.
I was amazed that one of the first questions I got asked was about my age and my retirement plans. Now, I had zero retirement plans or anything. I’m 52 years old. And it just struck a chord with me. It’s like, wow, these banks, you know, they go through these processes of ticking boxes. Whether it’s AI-induced, I’m not sure.
The good old banking days have gone.
But rather than the good old days when you used to go to a bank manager, they’d go, “Hey, Andrew, what do you need the money for? Oh, I think you can do that. We’ll back you. That’ll work.”
In simplified terms, that’s how it used to be. Today it’s no longer like that. And I just found it really off-putting that the bank’s more interested in my age and my retirement plans—of which I had zero—because I love doing what I’m doing.
I’m only 52. Yet whether the property was a good property or not, how much cash we were going to inject in it, or what the property was going to make as a rental or anything like that didn’t seem to matter.
Do you fit the narrative?
It just basically gave me that reminder of: hey, do you really want to be in the way that things should be done these days? Because it seemed to me that if you don’t fit the narrative and you don’t fit the model, then they’re not so much interested in you. And it again came back to my trading. It’s like: become your own bank.
So if you’re slightly more mature and older, in the 50s and beyond like I am, then you may also find that if you need borrowing for any investment property—or whatever you need it for—things today are a little bit tougher than what they used to be.
If you’re watching this and you’re young, then obviously you’ve got time and experience to come, but you’ve got time on your side. So whichever you are—whether you’re older and heading toward retirement, or not even thinking of retirement, or you’re in your 20s—this applies to everybody.
Self-reliance through trading.
Why don’t you, instead of relying on the way that we’re told we should do things, think differently? Like we do with our food and with our finances—creating your own bank yourself through your trading.
If you know what you’re doing, you can do that through the quality of your trading. But not only that—if you can make consistent gains through your trading on your own account, then of course you’ve got options these days.
You’ve got prop firms. You don’t just need one prop firm account—you can have multiple. You could sell trading signals. You could potentially, depending on legalities, trade for other people. There are multiple ways in which you can put your trading skills to good use. And over time, with compounding, you can become your own self-funding bank. I think that should appeal to many people.
Like I said, if you’re older, you’re going to find the traditional banks maybe a little bit harder to get funds from. If you’re younger, use your youth, your time, and your likely computer skills to give yourself time to learn how to do this properly so that you can, over time, compound and build wealth for yourself—so you don’t have to fit into the norm and the narrative that there seems to be these days.
Brand New Forex Masterclass.
The other thing I’d like you to have a look at is just this week we’ve launched two things. One is our new 30-minute masterclass. Have a look at it. There’s lots of information about how you can trade properly, how you can use small amounts of funds and compound over time to become your own bank. Or, if you want to go down the prop firm track, then there are various options there.
So have a look at our new masterclass. It’s on demand. It’s about 30 minutes long. Set aside 30 minutes. Turn off your phone and everything else, and just sit and watch it. You’re going to get a massive amount of benefit from it. I’ll put a link here for that.
New course pricing structure available.
Also, if you watch that webinar, you will see that we’ve just launched a new pricing structure. The course fee at The Forex Trading Coach has always been a one-off fee, and it’s been like that for over 16 years. But we’ve just changed that to try and help more people come on board with a lower entry fee and then an optional monthly subscription going forward.
I hope that helps a lot of you out there, because I know that funds—whether it’s borrowing like we’ve tried to do, or just cost of living in general—can be tight. So have a look at that masterclass, go through it, and you’ll see the new pricing structure. You’ll gain lots of information from that masterclass itself.
Blueberry Markets as a Forex Broker.
If you’re out there looking for a really good broker, I’ll put a link here to Blueberry Markets. I can highly recommend them. I use them every day. The MT5 platform that they have has a vast number of forex markets plus other non-forex markets like metals, indices, cryptos, commodities, etc. And not only that, they’re a great bunch of people to deal with. So I’ll put a link to Blueberry Markets here as well.
Like, Share and Subscribe
If you’re watching this video on something like YouTube, please don’t forget to like, subscribe, and share so you get notification of future videos. And if you’d like me to discuss any trading topics—or in general, life topics like today—just shoot me an email at Andrew@TheForexTradingCoach.com
or leave a comment down below.
Thanks again. I’ll see you this time next week. Bye for now.
Episode Title: #606: Independent Wealth: Trading for True Freedom
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 Learn How to Gain 1% Daily
The Secret to Better Forex Entries Revealed
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 Learn How to Gain 1% Daily
#605: The Secret to Better Forex Entries Revealed
In this video:
00:28 – Avoid using a market order.
01:24 – Learn what a pending order is.
01:58 – You can enter the position and let the market work.
02:48 – Buying at a better price.
03:24 – Helps reduce emotions.
03:39 – NEW Masterclass.
03:52 – New course pricing structure available.
04:15 – Book a call with us.
04:23 – Blueberry Markets as a Forex Broker.
04:43 – Like, share and subscribe.
Today, I want to talk about why I believe that in most cases, entering a market order as a trader is not a great idea. So let’s discuss that topic and more right now.
Hey there, Traders! it’s Andrew Mitchem here, the owner of The Forex Trading Coach with video and podcast number 605.
Avoid using a market order.
And you heard that right. I believe that using a market order for most of your trades is not a great idea. And there’s many reasons for that. One of the reasons, I think, that you should never really enter a market order is because what does the price right now mean?
What does it signify? Most people find that they enter a trade because they happen to be at their computer, and they happen to see a set up, and therefore they just enter straight away using a market order. And the issue I have with that is very rarely do people find that that price has any significance. It probably doesn’t have any price level.
It may not broken through any barriers. And so by entering the market for most people, most of the time it means they’re entering right now because I’m at the computer, I think there’s a trade. I’m going to enter a trade, buy or sell.
Learn what a pending order is.
What I find, though, is that a lot of people do not understand pending orders particularly well. Most people, don’t use them, and a lot of people don’t even know they exist. So you can have what’s called a buy or sell stop or a buy or sell limit.
Now, I am a massive fan of using limit orders, so a buy limit means that you are buying below the current price and the sell limit means you’re taking a sell position if the price goes higher than where it currently is right now.
You can enter the position and let the market work.
The beauty of those trades is it means you do not have to be there when the price gets hit. And when you think about it, if you’re taking a buy trade and the price is at a certain level, and you’re saying, I want to enter this buy trade, but if the price drops first, you getting in at a far better price.
It means that for the when the price takes off and you anticipate it direction back up again, it means that that movement between where the market may be at the when you saw the trade and you’ll buy limit order or the market needs to do is get back to the same market order original price and you’re already into some profit and beyond.
So therefore, what it means is your reward to risk becomes massively greater as well. You could simplify it and think of it this way.
Buying at a better price.
You’re going into a shop and buying something at $100. I could go into that shop and say that when you drop that price later today to $80, I want to buy it. And it’s a very similar thing to that.
So if the shop doesn’t drop its $80, you miss out on the trade. But if they bring that price back to $80 or $75, or you’ve bought the item, you know you get in at a better price and you bought the item at a lower price, then entering straight away in that example at $100.
Helps reduce emotions.
And so that is where you can use limit orders. It takes away the emotion of your trading because you’re not like in the market scrambling now, trying to get your position size and your stop loss and your profit targeting. You can into your buy limit or sell limit and just walk away and let the market do its thing.
NEW Masterclass.
Now, if you’d like to find out about how we do that and why we, heavily promote using limit orders, what I suggest you do is jump on to my short on demand masterclass. You’ll find a link to that here. If you’re interested in coming on board with us and joining us at the Forex Trading Coach, you may have seen recently that we changed the pricing structure. It’s on a bit of a trial basis right now, but if you want to jump in at a massively reduced price, I’ll put a link to the Google Drive document where you’ll see a new lower, entry price and then a small ongoing monthly fee. So how they’ll look out for that?
Book a call with us.
If you’d like to discuss your trading or how we can help you, I’ll put a link that you can call, make it time to book and call myself one of the team.
Blueberry Markets as a Forex Broker.
And if you are looking for a really good forex broker where you can also trade cryptos, metals, commodities, indices, etc.. Have a look at Blueberry Markets and they offer the MT4 and the MT5 trading platform. I’ve been with them personally for many years and I find them excellent. So I’ll put a link to Blueberry Markets as well.
Like, share and subscribe.
If you’re watching on YouTube, don’t forget that. Don’t forget to like and share and subscribe. And if you have any topics you’d like me to discuss on future videos and podcasts, just like this one, send me an email Andrew@TheForexTradingCoach.com or comment below.
I’ll see you this time next week. Bye for now.
Episode Title: #605: The Secret to Better Forex Entries Revealed
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 Learn How to Gain 1% Daily
Why Your Last Trade Doesn’t Matter—Long Term Results Do
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 Learn How to Gain 1% Daily
#604: Why Your Last Trade Doesn’t Matter—Long Term Results Do
In this video:
00:33 – Trading is just like any other investment.
01:25 – Control your emotions.
02:00 – Become successful in the long run.
03:00 – Chasing the shiny object problem.
03:28 – Our strategy has long term proof.
05:20 – Keep your risk per trade low.
06:14 – High reward:risk trades.
06:44 – Get on my Forex Masterclass.
06:56 – Book a call to speak with us.
07:01 – Blueberry Markets as a Forex Broker.
Today, I’m going to talk about why you should focus on your long term results, rather than worrying about short term individual trades. It’s going to massively help you to become a successful trader in the long run. Let’s talk about that a more right now.
Hey there, Traders! It’s Andrew Mitchem here at The Forex Trading Coach with video on podcast number 604.
Trading is just like any other investment.
Today I want to talk about why I believe you should focus on your long term results. You see, trading is like any other investment. You’ve got to look at it as a bigger picture. And I find that far too many people get really caught up on, say, the last trade or the last few trades or even the last week’s trades.
And it creates a danger because, you know, in trading you could have a few lucky trades. You know, you could put some on that. Maybe not particularly. Exactly as your strategy suggests. But you get lucky and they end up winning. And you might have things like seasonal, time adjustments, time of the year when, you know, markets are a little bit flat or really, really good. And you’ve got to allow for all these things.
Control your emotions.
Because to me, there’s two things you have to control in your trading. Once your heart and the other in your head, those emotions are vital that you can control them properly. And the danger is, if you’re focusing on your last few trades, you can get massive buzzes and massive highs.
If you’ve like, done really well and had a few successful trades. Likewise, if you had a couple of losses in a row and things just don’t seem to be working out, you can get some real so lows and you’re thinking, oh, is this just all doom and gloom and not working? And that is where I see the issue.
Become successful in the long run.
You see any good trader with good trading skills and a good sound strategy and knowledge will be successful in the long run. And that’s where your focus needs to be. Because, you know, no investment is a straight line. Not every day are you going to make money as a trader? Not every week, sometimes. Not every month. And that’s part of the overall, you know, part of trading that you have to understand.
And that’s where the danger of focusing real short term, can create so many issues. And that’s why I find that so. And look, I used to do this myself years and years ago. I don’t know, luckily, because I worked out what works for me. But years ago, I used to chop and change systems. I used to, add this indicator used to over optimize this, buy this bit of software, automate this, you know strategy, buy the next book, whatever it was, you know, you going on, you know, forum sites and finding the latest, greatest idea. And of course, none of them work.
Chasing the shiny object problem.
And so that becomes the, the chasing, the shiny object, problem that so many people have. And that’s because they’re focusing on, well, one, they probably don’t have a good strategy and really know what they’re doing themselves, but also they’re focusing like what’s happening right now. Is this a couple of losing trades in a row?
Oh, get rid of that system. It’s terrible. It doesn’t work. On to the next thing. And I suppose that’s where we’re fortunate because.
Our strategy has long term proof.
Ever since I started coaching over 16 years ago, the strategy remains exactly the same. It’s because it’s based on good sound, technical analysis. And, you know, it works on all markets, all currency pairs, all timeframe charts.
And now other markets like the cryptos and indices, commodities, etc. on top. And so that is why we focus on that long term consistency. Because, you know, you wouldn’t go and buy an investment property and then you pay whatever you pay for it. Let’s say $500,000 and you’re going, oh my goodness, I’ve just had it valued.
And like the week after, it’s like 490 and 470, then 520, you know, you can’t, be an investor if that’s your kind of longer term goal. And be worried about the price of that property every week or every month. If you’re a longer term, you know, aim is to hold it and then gain from it and, and trading’s kind of the same.
You know, you’ve got to remove the emotions as best you can from your trading and look at your consistency over time when you iron out things like seasonal changes and political events and different things like that that happen that can make some currencies go completely flat and other currencies go wild, and you’ve got to like take the rough and the smooth and, and on your trading and be consistent over a longer, time period.
And that’s the focus, I think, here that most people unfortunately don’t get and, and I suppose in all fairness, that comes from time and knowledge and experience and confidence in your strategy and saying it work consistently as well. And, you know, we’re fortunate that we have that in our trading.
Keep your risk per trade low.
And, you know, I think another thing that I talk about all the time that’s going to massively help you, when it comes to emotions, is making sure that every trade that you take has the same risk percentage of your account.
It doesn’t matter what the time frame, what the direction, how big the stop loss is, how big the profit target is, how long it’s in the market for. If you have low and controlled and known risk on every single trade that you take, but also at the same time, your profits are two, three, four times your risk, which between that to enforce where I’m like 90% of my trade should fall into personally and the way that we trade and teach with profit targets, etc. and if you have that, then that is part of the key to success having low controlled risk, which controls emotions. So you’re not worried if you have a few losing trades. You know that overall your strategies you sound.
High reward:risk trades.
Your profitability trades are several times your risk. So if you do have, let’s say, an average of, a 3 to 1 reward to risk ratio, if you’ve lost two trades and then one out of 3 to 1 on the other trade, then you’re back up to where you started. But you’ve got a 66% winning. So losing, right. Just on those three trades. So reward to risk is massively important. Low controlled risk is also important.
Get on my Forex Masterclass.
If you’d like to find out more about how we do this and how we can help you, I’ll put a link here to my short, 17 minute demand masterclass, where you can find out more about how we trade and teaching can help you.
Book a call to speak with us.
If you’d like to book a call to talk to myself or one of the team. I put a link here as well for that.
And if you’re out there looking for a very good, high quality broker, I can highly recommend Blueberry Markets. They offer the MT4 and especially the MT5 platform, which has so many more markets on it, forex and non forex.
Blueberry Markets as a Forex Broker.
And I can highly recommend you consider having a look at blueberry markets. If you’re out there looking for a good broker and a good trusted broker to put your funds with.
And anything else that you need, please send me an email Andrew@TheForexTradingCoach.com and I’ll be glad to make a weekly video on podcasts like this on any topic that you need help with.
So once again, this is Andrew here at The Forex Trading Coach. I see you this time next week. Happy trading. Bye for now.
Episode Title: #604: Why Your Last Trade Doesn’t Matter—Long Term Results Do
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 Learn How to Gain 1% Daily
The Hard Truth About Trading Success
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 Follow my 30 Trader US Update
Click Here To Learn How to Gain 1% Daily
#603: The Hard Truth About Trading Success
In this video:
00:37 – Is trading Forex a real job?
01:42 – How to being a trader lucky?
02:05 – The realities of becoming a good trader.
03:00 – Good things are hard to achieve.
03:38 – Moving to the other side of the world to live.
04:13 – The commitment of becoming a karate sensei.
04:49 – I learned how to fly a helicopter.
05:33 – Playing the guitar and singing.
05:52 – Time to get off your bum and make a difference.
06:44 – What are you going to do to help yourself?
07:35 – Get on my Forex Masterclass.
07:46 – New course pricing structure available.
07:56 – Blueberry Markets as a Forex Broker.
Do you find that when you tell people that you are a trader or want to become a trader? They don’t think that you have a real job, and they think that you might be a bit lucky because you can work from home or just work on a computer. I want to talk about that because I’ve experienced that a lot myself in the last week. Let’s get into it a more right now.
Hey traders, it’s Andrew Mitchem here, the owner of The Forex Trading Coach. A video on podcast number 603.
Is trading Forex a real job?
I want to talk about the human psyche. I find it really interesting. Fascinating. You see, when I started trading some 20 years ago, I had a very young son at the time, and I’d finished being a dairy farmer because of divorce, and people looked at me a little bit strange.
They thought that I was starting this sort of what what was I doing? I meant to be looking after my young son. I didn’t have a real job. I was doing this weird, strange thing called trading on the computer. And I think a lot of people, you know, just looked at me a little bit sideways and thought, this guy’s just lost the plot here.
Why doesn’t he go and get a real job? And then fast forward some, what, 20 plus years later and after just spending the last four weeks in the US on holiday with my wife for her 50th birthday, the amount of comments that I’ve had either in person or online, or email from people to say, you’re so lucky you can do that.
How to being a trader lucky?
And I just find it fascinating, like lucky. How how is like trading lucky? I don’t quite get it, but people just think that because, you know, you’re either sitting at home on a computer or like, we’ve just spent four weeks traveling round on a road trip around the US. They think you’re lucky. And I find it absolutely incredible. And I’m sure if you’ve been trading for any length of time, you probably understand what I mean.
The realities of becoming a good trader.
So I’d like just to sort of set the record straight about what good trading is. If you trade, you know, and if you’re starting to trade or looking to trade, you need to know this. Good trading is not easy. Good trading takes a lot of time investment in yourself, both monetary and time wise.
A lot of frustration, a lot of going round in circles. And it’s not easy because if it was easy, everybody would do it, wouldn’t they? And if it is easy to make lots of money, everybody would be doing it. But the trouble is, most people are just lazy and that’s just the honest truth. You know, hard work, dedication, commitment, effort, those type of things.
Sadly, a lot of people lack, these days. Now, I had a think about this when I was just thinking about putting the video together, and I thought about things that I’ve personally done and, you know, the enjoyable things and how hard they are.
Good things are hard to achieve.
So back when I was a teenager, I was a reasonably good cricket player. Couldn’t bat, but I could bowl pretty reasonably well.
And I played at a, you know, quite a decent level, for my age. Never good enough to become remotely close to become a professional cricket, I thought I was, you know, the next level down and for a little while and pretty good. So when I look back at that, my whole life back then revolved around just playing cricket, talking cricket, eating, sleeping cricket.
That’s all I did. I love cricket, I still love cricket. And the time, the effort, the commitment that went into it was huge.
Moving to the other side of the world to live.
And then fast forward a number of years later, I decided to up and leave England and in my early 20s moved to the other side of the world, the strange place that most people had never heard of called New Zealand.
And you know, again, time commitment, money, effort, to do that and, you know, quite a bit of the unknown. And, you know, people go, oh, you had a crystal ball because New Zealand’s amazing. And you’re up in England of, you know, going to pieces. And it’s like, well, I kind of just had to think about these things and make my own decision and, you know, and do what you feel is right. And so that was interesting.
The commitment of becoming a karate sensei.
And then fast forward a number of years after that, you know, I, got into karate in quite a big way. And again, time, effort, commitment, pain when you’re into that karate at that level. I was teaching people as well. And, all my kids went through karate and, just purely as a voluntary basis, the teaching and, you know, it was just a lot of time and commitment, a lot of travel, a lot of monetary commitment. When you’ve got five kids and, you know, that’s another thing that I got a huge reward out of and loved it.
I learned how to fly a helicopter.
Fast forward a few more years later learning to fly a helicopter. One of the most hardest, potentially dangerous things you can do. But the reward is incredible. You know, we’ve seen parts of New Zealand and flying over places that most people will never, ever get to see in their lives.
And so extraordinary, achievement and places that you get to see and experiences you get out of it. But if someone says, oh, you’re lucky to fly a helicopter, it’s just blows my mind that people can think that stupidly, it’s not lucky. It’s time. It’s commitment, it’s money, it’s investment. It’s, you know, giving up other things to, pursue that excellence of flying a helicopter.
Playing the guitar and singing
And right now, I’m learning to play a guitar. I’m learning to sing something that I’ve never, ever done in my life in 50 years. Those two things. And, you know, I’ve been playing guitar for nearly three years, learning to sing this year, both hard. Take time, commitment, effort. If you know anything musical, you know, what I mean.
Time to get off your bum and make a difference.
And so you bring all this back together and you look at it and people go, oh, you’re so lucky that you can trade and travel. Aren’t you lucky? No, it’s not like a tour. It’s. It’s a decision. To do something is a decision to get off your bum. It’s a decision to invest in yourself and your family and your financial and time and freedom, going forward.
So that’s my little, I suppose, rant for this week, a little bit different, but it’s just, I wanted to bring this up because I think it’s important to talk about these things. You know, we’re not talking about candles and Bollinger bands and things like that today, but it’s another part of trading that’s really important to, to understand and be aware of.
So I think that’s just something that’s, you know, topical and wanted to bring that to your attention.
What are you going to do to help yourself?
So. Well, I suppose my question after all of that is what are you going to do about it yourself? Are you just going to keep surfing through YouTube but you just going to keep, you know, looking online for stuff and just go round and round and circle?
What are you going to make a commitment to invest, in your time yourself, your future and, and jump on board? You know, you know where we are. We’ve been doing this for over 16 years. Clients in 109 countries. I don’t think there’s many forex educators out there that can honestly say that, I don’t know of any.
So, there may maybe 1 or 2, but I actually don’t know of anybody who’s still around now teaching and helping people. Who is in, you know, helping and teaching people back when I started. So that shows our, commitment and effort and daily dedication that we put into making this work for our clients.
Get on my Forex Masterclass.
If you’d like to find out more, I do have a, short 17 minute masterclass that you can jump on to. I’ll put a link to that here. If you’d like to talk to myself or one of the team, I’ll put a link to that as well.
New course pricing structure available.
If you’d like to find out about the new pricing structure that we launched last week. Send me an email, Andrew@TheForexTradingCoach.com. And I think it’d be pleasantly surprised.
Blueberry Markets as a Forex Broker.
And if you’re there looking for a really good forex broker that you can trade forex, metals, commodities, indices, cryptos, have a look at Blueberry Markets and I’ll put a link to them here as well.
So once again this is Andrew Mitcham at The Forex Trading Coach. Enjoying the great outside. And you take care I see you this time next week.
Bye for now.
Episode Title: #603: The Hard Truth About Trading Success
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 Follow my 30 Trader US Update
Click Here To Learn How to Gain 1% Daily
The Freedom of Trading Anywhere, Anytime
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 Follow my 30 Trader US Update
Click Here To Learn How to Gain 1% Daily
#602: The Freedom of Trading Anywhere, Anytime
In this video:
00:34 – I’m back home in New Zealand after 4 weeks in the US.
01:07 – TFTC Coaching remained the same.
01:22 – Lessons from trading while on the road – see here https://theforextradingcoach.com/the-30-minute-forex-trader-us-travel-updates/
02:09 – Less is more approach to trading.
03:03 – Trading in 5 minutes a day and set and forget.
04:13 – The power of an amazing trading community.
05:55 – New course pricing structure available.
06:50 – Blueberry Markets as a Forex Broker.
07:30 – Summary of our US road trip.
So I’ve just got home to New Zealand, and I’ve spent the last four weeks trading and traveling around the US on a big road trip with my wife. I’m going to talk to you about what you can learn from my experience, and how it can help you when trading and traveling for yourself. Let’s get into that more right now.
Hey there, Traders! Andrew Mitchem here at The Forex Trading Coach with video and podcast number 602.
I’m back home in New Zealand after 4 weeks in the US.
Back in beautiful New Zealand. Back in the winter here. Lovely dark blue sky day. Sunny days. Really great to be home. But we had a great four weeks traveling around the US. I drove on the wrong side of the road for me, and I covered over 4000 miles or 6500km, and we visited ten states.
Now, on that trip, I carried on trading exactly the same as I would have from home. Obviously the time of day slightly different.
TFTC Coaching remained the same.
But everything that I did was exactly the same as I would do from here as far as our coaching is concerned. We still had our live weekly webinars, our live webinars for clients to join in, European session and US session. We still posted our daily trades each day. We still had our form site updated and so everything carried on.
Lessons from trading while on the road – see here https://theforextradingcoach.com/the-30-minute-forex-trader-us-travel-updates/
But from a trading perspective, what I gathered from that trip is you don’t have to trade all the time to do really well. And so for me, I took some monthly chart trades. In fact, I’ve still got a New Zealand US dollar sale trade on.
And this week the New Zealand dollar. In fact just yesterday just crashed. And it’s really help that trade. But longer term on the monthly chart we have a sell trade from the beginning of August. Now if you’ve been following me you would have seen that I documented my trades that are taking on the monthly charts, the weekly charts, the daily charts and other time frame charts while I was in the US.
So I’ll put a link here. You can have a look at those 14 videos that I took while I was there. And you can see the trades are taken and the results of them.
Less is more approach to trading.
But it just showed to me that it doesn’t matter whether you want to travel and trade or whether it’s just normal life going on and you’ve got job, family, you know, sports, hobbies, whatever it might be, and you think that you don’t have time to trade, well, it’s just not true.
You do have time to trade. Everybody has 24 hours in the day, but you don’t need to spend so much time as you think, actually doing the trading once you know what you’re doing. And so I looked at the charts at the beginning of each week looking at the monthly charts, and at the beginning of the month, beginning of August, we looked at the monthly charts and took that trade I mentioned on the NZD/USD
And then each day we looked at the daily charts. Now, because that’s 5 p.m. New York time. At the same time, the 12 hour charts, the 8 and the 6 hours closed. And so we scanned those, three other time frame charts as well. And we post those trades on our membership site, for clients to follow and have a look at.
Trading in 5 minutes a day and set and forget.
So if you did nothing else, then just maybe looked once a day at the daily charts and those other three timeframe charts at the same time. You can do that and literally 5-10 minutes a day and take your trades and leave them. The other thing that I find that with, traveling is you do you spend less time looking at charts, which is a good thing.
You don’t need to be glued to your charts all day. And people get stuck into that routine. They kind of feel that they need to be there looking at trades, looking at charts, interfering. You don’t. You can place your trades, leave them and walk away. And that really is the best approach that set and forget approach. It’s far more enjoyable.
It’s less stressful. You just, you know, you’ve got your low controlled risk if you trade the way that we trade and you know, you have high reward to risk trades if you trade the way that we tried. And so you can just leave the trades and walk away. Now the only thing I did is, before the weekends, I just closed out anything that was from daily charts or lower, but weekly charts, monthly charts or any crypto trades, just leave those open, until the following week. And of course, cryptos over the weekend. So that just means that you could just trade, travel, do whatever else you want to do.
The power of an amazing trading community.
Now, another really important factor which you cannot put a value on this. It’s the price of the power of community. Now, we are incredibly proud of what we’ve built over the last 16 plus years. Here at The Forex Trading Coach.
We have an amazing, group of clients from right around the world, all trading the same strategy and all helping each other. And I think that’s very unique in the trading world. And it’s just incredible. Incredibly powerful to see. While I was away, other people stepping up, helping out, taking trades, posting trades, answering questions as well. You know, we were still there to do that, but obviously with traveling, it’s just, you know, a little bit slower to get responses and the ability to talk to other people who are all trading the same strategy, the same method, or they’re taking the same trades, looking at the same charts at the same time, and to discuss things with them, their experiences or trading, whether they, you know, found it easy or hard or they’ve left trading come back or they’re on prop firms or, you know, all these different type of, real life situations that people face when they’re trading and the ability to interact with other people and to view their trades and to discuss things is massively important.
Because otherwise trading is just a real lonely business. You’re kind of sitting there on your computer when your laptop and your by yourself. And so I really, really appreciate our clients and our students that we have on board and our mentors and everybody. They’re all on the same page or helping each other.
New course pricing structure available
So look, the other, news, since I’ve been back is we have completely changed our pricing structure. In the past, we’ve always had one upfront fee, and it’s been like that for the last 16 years. Now I’ve just decided to change things up and, you know, just traveling around, you realize that financially, things are quite tough for people out there. You know, even in America, I was amazed with the price of food and how I used to think food in America was very cheap.
No longer the case, very expensive. Like supermarkets, etc. like that. Eating out. So what I’ve done is I’ve created a document, and on that document you will find a completely different pricing structure, so you can jump on board with us at a vastly reduced fee, and then have an ongoing monthly fee to continue with our daily trades, our webinars, our forum site if you wish to, and you can stop that at any time if you wish to as well. So I’ll put a link to that document, or you can just email me and I’ll send you that document.
Blueberry Markets as a Forex Broker.
And if you are out there looking for a highly recommended broker, I can, I can recommend Blueberry Markets. They’re based in Australia across the water here behind me. And about 3.5 hours that way by plane. And they are a great bunch of people. Very good. Broker. Most people around the world can offer, can open their accounts with them.
Unfortunately, if you’re in the US, you cannot. But Blueberry Markets. I’ve been with them for years. I know them, personally, having met them in person. Speak to them, you know, weekly. Great people. And a good option for you to just to consider if you’re out there looking for a broker. And I’ll put a link to them as well.
Summary of our US road trip.
So that’s it for me. Really glad to be back into New Zealand. Like I said, had a fantastic time when the state seeing some iconic, places, some amazing, barbecue food. Highlights for me would be some of the music we saw in Memphis and Nashville and New Orleans, some of the iconic things like the New Orleans Paddle steamer up the Mississippi, the alligator tours, and of course, spending, some really valuable time with Paul Tillman and his family in the Smoky Mountains.
So, great time to be away. Great. Great. Place to visit, for a road trip and lovely people. And easy to get around and to trade at the same time. And make money while on holiday is the absolute ultimate, isn’t it? So that’s what you can do.
So once again, have a look at the link that I’ve got on here if you’d like to come on board with us at The Forex Trading Coach
And I’ll see this time next week. This is Andrew Mitchem, enjoying the sunshine back in New Zealand. And, we’ll talk soon. Bye for now.
Episode Title: #602: The Freedom of Trading Anywhere, Anytime
Find out more about Blueberry Markets – Click Here
Find out more about my Online Video Forex Course
Book a Call with Andrew
Why Quality Trades Beat Quantity in Forex 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 Follow my 30 Trader US Update
#601: Why Quality Trades Beat Quantity in Forex Trading
In this video:
00:36 – Trading from the US while on vacation.
01:00 – July and August can give us tougher trading conditions.
01:58 – Less trades but focus on higher quality trades.
03:00 – Look at a variety of time frame charts.
04:01 – Get onto my 17 minute masterclass.
04:08 – Blueberry Markets as a Forex Broker.
04:11 – Have a chat with us, ask us a question.
Andrew Mitchem
As you probably know, if you’ve been trading for any length of time, what time of year you trade can also make a big difference in your trading. Currently, summer here on holiday in the US with Paul Tillman and sometimes the summer conditions are not always the best, but we are heading towards the end of the northern hemisphere summer and, good conditions ahead. So let’s get into more right now.
Andrew Mitchem
Hey, traders! Andrew here at The Forex Trading Coach with video on podcast number 601.
Trading from the US while on vacation.
Currently on holiday in the US for vacation. Been here for a few weeks. And currently with Paul Tillman and his family here in North Carolina. Currently at Grandfather Mountain a little bit hard to see behind us. We’re up in the mist at just over 5000ft.
Andrew Mitchem
Point of this video though, is that we’re here trading as normal whilst on vacation or on holiday, and we’ve had a couple of really good weeks since I’ve been here.
July and August can give us tougher trading conditions.
And despite that, we are in the kind of the quiet time of year and Paul living here will know more about that. But northern hemisphere summertime, July, August can sometimes be tricky conditions.
Andrew Mitchem
But as Paul is going to explain to you, we’re heading out of those conditions and into some good ones between now and Christmas.
Paul Tillman
Right? So right now a lot of people are on vacations, holidays, school is out. A lot of good weather. People are out traveling. So the volumes just naturally going to be lower. Not as many people trading. So the conditions are what are it tougher or more sideways price action? Not as much. In terms of defined trends up and down trading conditions are are okay, but they’re not great.
Paul Tillman
Definitely see better. Earlier in the year, before the northern hemisphere summer, and we’re coming into, a nice time here in the US fall all the way up to Christmas. We’re trading conditions will be very, very nice. We’ll have much better trends and, much more quality and high probability setups to pick..
Less trades but focus on higher quality trades.
Andrew Mitchem
So the important thing is there is that although we’ve had some great trades, we haven’t had a lot of trades. And so it’s more about the quality of the trades that you take. And so each day we go through the daily charts and just yesterday we had two trades on the daily charts at the beginning of this week.
Andrew Mitchem
And we also had seven trades on the weekly chart.
Paul Tillman
Lots of those.
Andrew Mitchem
Yet the week before we had very few on the weeklies. But we did have a few trades for the month of August. So we’re looking on the completion of a candle on the close of a candle, but we’ve been very selective on the trades that we do take because of these conditions.
Andrew Mitchem
So it’s really important to remember it’s the quality of the trades that you take. Not so much the quantity. We’ve been really selective on the trades we’ve taken over the last couple of weeks. Just two trades yesterday on the dailies, but seven weekly chart trades and not so many on the shorter time frame charts just because of the nature of the market conditions right now.
Andrew Mitchem
But as Paul mentioned, you know, we are turning into that sort of August into September time. Where are you going to get better trading conditions? So more important to, to look at the charts on the close of the candle. But also you’re probably going to find more shorter time frame opportunities as well.
Look at a variety of time frame charts.
Paul Tillman
That’s right. The great thing is our strategy works on all the time frames everything. Now we trade as low as 30 minutes or 1 hour all the way up to monthly. So lots of opportunities. You don’t have to try to, you know, do 50 or 60 trades in a week. As Andrew mentioned, it’s all about, quality of the trade more than quantity.
Paul Tillman
I was telling, coaching client, the other day that, you know, would you rather make 50 trades and make a couple percent a week or make ten trades in a couple of week? And obviously, the less trading, the better. Go out, do stuff with your family, go live the rest of your life outside of trading. So it’s all about that quality trades and those trading conditions are going to turn right for us here shortly.
Andrew Mitchem
Yes. Right. Exactly like right now. We, about 2:15 local time. So we’ve got like, almost another 2.5 hours before we even need to look at our charts today and that, today being a, a Monday here, we’ll be looking at the daily charts. And also we scan through 12 hours, 8 hours and 6 hours at that 5PM New York change of day. So be really selective. Look at the markets and the time frames that are showing the best setup.
Get onto my 17 minute masterclass.
Andrew Mitchem
Now, if you haven’t been on our masterclass, you can click on the link here to a short 17 minute on demand masterclass.
Blueberry Markets as a Forex Broker.
Andrew Mitchem
If you are looking for a good, high quality broker, I’ll put a link here to Blueberry Markets.
Have a chat with us, ask us a question.
Andrew Mitchem
And of course, if you have any comments for myself or Paul or questions or trading topics conversations that you’d like us to talk about on future videos and podcasts just like this one, leave a link below and we’ll be glad to help answer that for you and to enhance your trading.
Andrew Mitchem
So once again, this is Andrew Mitchem and Paul Tillman here in North Carolina having a great time on vacation with see in this time next week. Bye for now. Bye for now.
Episode Title: #601: Why Quality Trades Beat Quantity in Forex Trading
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 Follow my 30 Trader US Update
How to Stay Profitable in Any Market
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 Follow my 30 Trader US Update
#600: How to Stay Profitable in Any Market
In this video:
00:35 – Joined by Paul Tillman in the US.
00:55 – How Paul joined TFTC as a client and then coach.
01:42 – Paul’s role at TFTC.
02:18 – The TFTC strategy has never changed.
03:34 – Why would a strategy work on just one pair or time frame?
04:13 – Paul’s advice to people who are looking to become a good trader.
05:03 – Join my Masterclass.
05:14 – Blueberry Markets.
05:45 – Paul’s best financial decision.
Andrew Mitchem
The Forex Trading Coaches over 16 years old, and we’ve been providing information for traders right around the world for a long time. And this is video podcast number 600 where I’m in the US with Paul Tillman. So let’s talk about the longevity of what we do and the quality of what we offer and how we can help you to trade successfully.
Andrew Mitchem
Let’s get into that a more right now.
Andrew Mitchem
Hey traders. Andrew here The Forex Trading Coach with video and podcast number 600.
Joined by Paul Tillman in the US.
Andrew Mitchem
I’m joined here in the US in Asheville at Biltmore House with Paul Tillman.
Paul Tillman
Hey everyone. Glad to see here. 600 episode big milestone.
Andrew Mitchem
It is indeed. And one of the things that we like to talk about at The Forex Trading Coach is the consistency of what we offer and the longevity of what we offer.
How Paul joined TFTC as a client and then coach.
Now, Paul, maybe you could just give a bit of an introduction of yourself and how we got to meet each other and work together.
Paul Tillman
Absolutely. So, Paul Tillman, I live here, in North Carolina, and I joined Andrew as a client just over ten years ago. I tried to find red flags from a previous experience, and Andrew didn’t have any, so, I joined in, and after two years, I said, hey, Andrew, I’d love to, help work with you. And, I have that kind of representative of, trading here for the Forex Trading Coach, in the US and, this side of the world.
Paul Tillman
So, it’s been eight and a half years. We’ve been working together. Andrew came along, and visited here in North Carolina about eight years ago to check things out, make sure everything was legit and good. And, it’s been a wonderful, eight years, together.
Paul’s role at TFTC.
Andrew Mitchem
And, Paul, your role in the coaching business and helping people.
Paul Tillman
Sure. So I’m the Director of Coaching here. I help out with, one on one coaching sessions as well as, the webinars. We do a US webinar. Our forum site, our chat room area, daily trade suggestions. Just general coaching help. Trading help. Yes, sort to do a little bit of everything.
Andrew Mitchem
Nice. And one of the things with the 16 years that we’ve been running is that we offer consistency not into only what we do as well, but also the strategy. I think that so.
The TFTC strategy has never changed.
Paul Tillman
That’s right. Yes. So ever since I came one and sort of history that the strategy hasn’t changed. We’ve added things like a U.S webinar, we added our forum site and chat room area, that real community of traders. But nothing’s ever changed. It’s not the next shiny object. Or we do something for six months and then we change it.
Paul Tillman
None of that. It’s the same strategy since the very beginning, and that helps with consistency. And you’re doing the same thing every time, which look at you consistently profitable or retired. Yeah.
Andrew Mitchem
And the only other thing, I suppose we have added, because the nature of the market is there are more time frames available now, especially for traders using MT5 where you get other charts like 2 hours, 3 hours, 6, 8, 12 built in. And of course there’s more markets for a lot of people as well. You know, we now offer or look at metals and, and cryptos and indices and commodities because they are now available to so many more people, which is, pleasing from our point of view, because the strategy, which was of course, a forex strategy works exactly the same.
Paul Tillman
Yeah, it works on every time frame and every market. I mean, all the exotics, cryptos, commodities, ones that Andrew mentioned it all works on all of it. Which is which is great. You don’t have to have one strategy for a certain set and another one for another set, which is just confusing and not worth it. So, it works with everything.
Why would a strategy work on just one pair or time frame?
Andrew Mitchem
It’s. That’s right. And one of the things that I found personally when I started trading, like, well over 20 years ago where people were having strategies that they’d say, this only works on the EUR/USD, on the one hour chart and nothing else. And I couldn’t work out why that was. And so the beauty of this is that it works on all time frames as well as all markets.
Paul Tillman
Yes, you don’t have to worry about it. Just use that strategy, apply it and look at your time frame. Put the trade in and let it go and do its thing.
Andrew Mitchem
That’s right. And so look whether it’s longevity of the strategy, looking for the longevity or the free information that we post each day on the, free daily trade suggestions, these webinars, as we say, or these, podcasts, number 600, we can help people from right around the world.
Paul’s advice to people who are looking to become a good trader.
So as someone who did join as a client in the early days, what of what would be advice that you would suggest to maybe someone watching or listening to this about what to look for.
Paul Tillman
So be a new trader. You avoid a lot of the pitfalls. They say 95% of traders fail. And you know what? I believe it, because of the lack of coaching, the lack of education, the changing strategy that we just mentioned, every so often. So, we are happy and proud to be in that, 5% of traders who do succeed.
Paul Tillman
Yes. It requires a little bit of effort. There’s no get rich quick schemes out there. But, you know, what about efforts, the education and coaching, everything we provide, we give you all the tools to be successful. And we always tell people when they first coming to us, you’ll be we hope to be your last stop in the journey to be consistently profitable.
Join my Masterclass.
Andrew Mitchem
That’s right. So, look, if you’re out there looking, to potentially join us, I’ll put a link here that you can jump on to a masterclass that we hold as a free, short masterclass that teaches you all about how we trade and how we can help you.
Blueberry Markets.
Andrew Mitchem
If you’re out there looking for a broker, you know that we work closely with blueberry markets. For so many people around the world, can use blueberry markets. Unfortunately, not here in the US, but most other countries can. And, Yeah, it’s just awesome working with Paul. Really enjoy our relationship that we have. We talk daily about trades and helping clients and looking forward to another 16 plus years as well. So because it just works, it’s an enjoyable community that we built and it’s just people helping people, which is so good.
Paul’s best financial decision.
Paul Tillman
That’s right. Yes. This financial education coaching decision I’ve made, and it’s been great getting to know Andrew and his wife, our families hanging out together. This is the third time around and, yeah, we’re going to go, enjoy more North Carolina and, did two, trading this week right now solidly.
Andrew Mitchem
In a couple of hours from there.
Paul Tillman
That’s right.
Andrew Mitchem
So, thanks, everybody for watching or listening. Once again, this is Andrew Mitchem, Paul Tillman at The Forex Trading Coach. We’ll see you this time next week. Bye for now!
Episode Title: #600: How to Stay Profitable in Any Market
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 Follow my 30 Trader US Update
How to Trade in 5 Minutes a Day While Traveling the U.S
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 Follow my 30 Trader US Update
#599: How to Trade in 5 Minutes a Day While Traveling the U.S
In this video:
00:23 – Trading while on holiday travelling the US.
00:59 – Results from the first 2 weeks.
01:41 – Trading and travelling in Europe too.
02:59 – 30 minutes of trading in the week.
03:10 – Follow long here https://theforextradingcoach.com/the-30-minute-forex-trader-us-travel/
03:42 – Catching up with Paul Tillman next week.
What’s it like to trade and travel the U.S. at the same time? I’m in Nashville. I’m going to update you with some great results that we’ve had in the last two weeks since we’ve been here. Let’s get into that a more right now.
Trading while on holiday travelling the US.
Hey traders! Andrew Mitchem here at The Forex Trading Coach video in podcast number 599.
I hope you can hear me. All right. With the background noise here. I’m just off Broadway in Nashville in the U.S. we’ve been over here for almost two weeks, and I’ve been documenting my trades that I’ve been taking just once a day for literally five minutes.
And the market’s been fairly quiet both week so far since I’ve been here on Monday, Tuesday, Wednesday. But, sort of Wednesday and Thursday and Friday especially, it’s just really taking off and we’ve had some excellent trades.
Results from the first 2 weeks.
So if you did nothing else and just followed the trades that I took last week, and you had a risk of just half of 1% for trade, you’d have made a 4.4% account gain.
This week so far, and I’m recording this on Wednesday evening here in the U.S. and of course, we’ve still got probably the best trading, conditions to come for the week so far. We’re up 2.5% so far, and that’s just trading daily charts. I’ve taken a two hour trade and, an eight hour trade and a 12 hour trade this week, and that’s it. So very little action happening on the charts. But when we’ve had the trades setting up that we’ve taken off been incredibly good.
Trading and travelling in Europe too.
And so if you’ve been following me for some time, you didn’t know that a number of years ago. I did exactly the same as this on a trip around the UK, in Europe with my family.
This time we’re here in the US, for my wife’s 50th birthday. Just the two of us having an awesome time. I’ve done over 2000 miles so far in two weeks, so it’s a lot of driving as well. You kind of forget how big this place is, but my point being is that it doesn’t matter whether you’re traveling around the US or around Europe or traveling anywhere, it doesn’t really matter.
You could just say, well, I’m going to be at home doing normal things. I could be, you know, doing normal work or family riding things. Whatever it is, it doesn’t matter. The point being is that you can trade and do incredibly well with very low risk per trade, low drawdowns on either your own account or if you prop firms is your thing, whatever it whatever works for you, your normal life can carry on and you can just trade once a day.
Follow what we do. Get to learn how to do that for yourself, and whether you want to do cool things like this, you know whether the place is buzzing. You know it’s early hours of the evening. It’s only 7:00 here local time.
30 minutes of trading in the week
It’s fantastic to be able to travel around the world, literally spend 30 minutes in a week, tops.
Follow long here https://theforextradingcoach.com/the-30-minute-forex-trader-us-travel/
Absolutely tops. And have results like that 4.4% last week, 2.5% so far. This week on close trades. But you know, who knows what this end, week might end up with. But what I’m going to do is keep documenting those trades, keep taking them, and you can follow along.
So, there’s a link that you’ll find here where you can look at the videos I’m making sort of four or 5 or 6 videos a week, depending on what’s happening in the market.
And you can follow along with those trades. And see how they progress and do exactly the same for yourself. So have a look at the link bits on here.
Catching up with Paul Tillman next week.
And, I’ll see you this time next week. Where I’m going to catch up with Paul Tillman, for our video on podcast number 600.
So once again, this is Andrew Mitchem. Off to enjoy the night life. I hope you like the shirt by the way. This is the Beatle Shirt. Off to enjoy the nightlife in Nashville with some music and some great barbecue. I’ll see you this time next week. Bye for now.
Episode Title: #599: How to Trade in 5 Minutes a Day While Traveling the U.S
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Forex Tips for Passive Investors by Andrew Mitchem, Patrick Grimes & Steven Primo
Podcast:
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Book a Call with Andrew or one of his team now
Click Here to Attend my Free Masterclass
Click Here to Watch Prop Firm Masterclass
#598: Forex Tips for Passive Investors by Andrew Mitchem, Patrick Grimes & Steven Primo
In this video:
00:25 – Top trading strategies for passive investors.
05:50 – Why I choose to trade the FX market.
11:47 – The ability to Buy and Sell.
15:03 – How much time do you need to trade daily?
25:00 – Why so many retail traders lose money.
41:40 – Do you want to invest in your trading education?
Patrick Grimes:
Right. This is Patrick Grimes and I’m really excited to be here today with some awesome people to talk about a completely new alternative investing strategy we have not dug into to this level before.
Top trading strategies for passive investors.
Two heavy hitters to talk about it. And that is top currency trading strategies for passive investors, also known as Forex. What is that? How does it work? What are the risks? We’re going to dig into all that today. How to be successful at it. Is it passive, is it not? These are all really cool things, and I’m excited to learn about it along with you. I haven’t done this, and this is one of the passion projects. This is my passion project here. This is our Alternative Investing Mastery series and put on by Passive Investing Mastery and myself.
And why are we doing this? We’re doing this because we want to educate investors to achieve mastery in the art of passive alternative investing strategies. So you keep your life back. You can be passive, but you get into alternatives. You’re just all about the stock market, this is not the right event for you or the right series for you because we’re about non-correlated investments outside of the stock market. Ones that don’t rise and fall together.
Now, we educate here. It’s important for us. I’m on over a hundred podcasts and books. I’ve written articles and forums and others. It’s all on my website. I actually give away a couple of bestselling books for free on our website, if you’re interested. I actually sign them and send them out, help inspire people along their journey. And we have this bi-weekly webinar series, which seems to have turned into a weekly webinar series, always featuring a Blue Ocean approach of different alternative strategies.
Now, we’re doing this because we believe financial security happens through a lot of different allocations into different markets, which can only be achieved into these very unique kind of novel alt strategies. And we want you to get to that point where you have true, not just independence, but security, and the abundance, the financial abundance you need for the causes you care about most. That’s our mission here. We do that through education and through sponsoring best-in-class alternative investments, which you can check it on our website.
The next event, before we go any further, make sure you jump in there, one week from today, Venture Capital for Passive Investors: Syndication Strategies That Works. I don’t do a lot of venture capital. It’s not really my bag, but a lot of people do. And a couple friends of mine that I’m in large, very large real estate deals with that have invested huge and were some partners in some of these deals. Isaac Bennett works for a venture capital firm. I’m in some Masterminds with him. And he is doing real estate and venture capital. Trey Taylor is a family office. He manages his own and all of his relatives, his extended family’s funds, and he also does angel and venture. So we’re going to talk about it. He’s going to be there as well. It’s going to be a fascinating conversation. Known both these guys for some time. And what are the different funding options and venture capital risk rewards? How to leverage syndications? What are angel investments and family office and high growth startups? What are these things that allow you to really build that true resilient portfolio?
So we’ll go through all of that today. But today, currency trading strategies. Really excited about this. So let’s go to our panelists right now. We have Andrew Mitchem. It’s tomorrow for him. He’s in New Zealand right now, so I appreciate you jumping across the pond virtually for us, Andrew.
Andrew Mitchem:
Lovely to be here, Patrick.
Patrick Grimes:
And by the way, Forex is not like real estate. It is global. You’re trading global currencies. So these educators is over 108 countries he’s trading in right now. It doesn’t matter where this expert is, if he’s somewhere on the planet Earth and he’s got something relevant to say for you and America about Forex trading. So he’s a full-time currency trader and investor since 2003, founder of the Forex Trading Coach, providing training to traders in over 108 countries. Pretty awesome. Developed a profitable trading system after initial challenges. I would love to hear more about that. Advocates for the flexibility and freedom offered by currency trading. Really excited to have you here, Andrew.
And on the other side of the Pacific Ocean, where I’m kind of sitting in the middle, is Steven Primo. Primo is the Oracle here I think on the call. Is it okay if I call you that, Primo?
Steven Primo:
That’s fine. Everyone calls me that as well. That’s fine.
Patrick Grimes:
Well, I’m glad, because it made sense. 48 years as of this year, he’s been trading. He has been trading for 48 years, starting in 1977 as a floor reporter on the Pacific Stock Exchange. Former stock exchange specialist for Donaldson, Lufkin & Jenrette, managing markets in over 50 stocks. Co-developer of the PTS Primo Charting Platform focused on trading education. Once again, perfect. Glad to have you here. Featured in Stocks & Commodities magazine, he’s contributor for contributor for TradingMarkets and the FX Street and Trader Expo. His proprietary methods for trading are used in over a hundred countries.
This is a global strategy. Couldn’t ask for a better group of guys. Let’s start with Andrew and then go to Steven, and I’d like to hear why are you excited to be here today educating us on currency trading strategies? Go ahead, Andrew.
Why I choose to trade the FX market.
Andrew Mitchem:
Hey there, Patrick. Hi everybody. I’m here today because I absolutely love trading in Forex market, and it’s just completely changed my life over the last 20 years, and the more that I can help do that to other people, the better. It’s an awesome market to trade.
Patrick Grimes:
And Steven.
Steven Primo:
Hello everyone. Thanks for inviting me today. And similar to what Andrew said, I’ve been trading for 48 years, but roughly about 20 years ago I really wanted to start sharing what I had learned, because you can only go so far if you’re just sitting in a room trading by yourself, but to a point you have to share with other people and that extends your next level of trading. So I started teaching and I’m excited to teach people. It really is a lot. It gives you a lot more satisfaction than just sitting alone in a room trading by yourself.
Patrick Grimes:
All right. So here we go. We’re going to dive into the discussion, but first I want to make sure that we see have a lot of people here participating in the chat. David, Amital, Bill, Kenneth, Anise, thank you so much for already jumping in there and starting to participate. Keep your questions coming. We’re going to have lots of questions during this event, probably 40, 60. We’re going to answer questions as they’re relevant to the current topics that we’re talking about. I may punt on some questions and then towards the end when we reach those topics, weave those into the conversation. If we miss one, that’s our bad, but we’re going to go back through it after the 45-minute mark and go through a very laser-focused Q&A. Do our best to get through all of those questions. But keep them coming. We usually have 40 plus, 60 plus questions, so it’s a very lively discussion. Looking forward to this today.
So without any further ado, let’s jump into the discussion. So, what is currency trading? It’s what we’re going to start out with, and we’re going to break it down in very simple terms. I like to say that so that my grandmother’s knitting circle can understand. So let’s break that jargon down very simply. Andrew, what is currency trading? How does it work?
Andrew Mitchem:
Yeah, Patrick, so to break it down real simply, currency trading, when you trade currencies, you’re actually trading what’s called a pair. So you don’t just trade one stock or one thing, you trade something against something else. So as an example, the Euro/US Dollar. It’s traded as the Euro/US Dollar, as a currency pair. And when we look at it, we can either buy or sell that currency pair. So if the Euro/US Dollar looks like it’s moving up, effectively we’re looking at strength in the euro, weakness in the US dollar. If it looks like the Euro/US is falling, that means we’re effectively looking for selling euro and buying US dollar. So they’re all traded together as currency pairs.
There are eight main currencies that we look at, and that would be the Euro/US Dollar, Swiss franc, Canadian dollar, Australian dollar, New Zealand dollar, Japanese yen, and the British pound. So it makes it really easy because it’s mainly just eight currencies to look at.
Patrick Grimes:
So Yuan, the Chinese Yuan is not on that list.
Andrew Mitchem:
We do have those as well. But for people that are wanting to start this as something new, I would probably focus on those main eight currencies. They’re the most traded. The cost of doing the trading is very small in terms of the spread, the liquidity’s fantastic, and what we do when we start looking at technical trading, it has the highest reliability. Yes, you can trade the Mexican, the Swedish krona and lead on to other curre
Trading on Vacation: How to Do It Right
Podcast:
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30 Minute Forex Trader Updates (UK Travel)
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Book a Call with Andrew or one of his team now
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#597: Trading on Vacation: How to Do It Right
In this video:
00:24 – Trading and travelling.
01:06 – Follow me on my 4 weeks road trip around the US.
02:14 – Where you live is irrelevant.
02:46 – Sign up to be notified when I make a new trading video https://theforextradingcoach.com/the-30-minute-forex-trader-us-travel/
03:26 – My Europe trip from 2019, see here https://theforextradingcoach.com/the-30-minute-forex-trader-updates/
04:20 – Blueberry Markets as a Forex Broker.
04:39 – Watch my Masterclass.
04:50 – Have a chat with us.
In today’s video, I’m going to talk about how you can trade and travel at the same time and enjoy both. So let’s get into that and more right now.
Hi there. Traders! It’s Andrew Mitchem here at The Forex Trading Coach with video and podcast number 597.
Trading and travelling.
Today I want to talk all about trading and traveling. I’m here in New Zealand still. Although it’s the middle of winter it’s a stunning day. But by the time you get to watch this video, I’m going to be in Texas and we are in the States for several weeks for my wife’s 50th birthday, and we’re doing a tour of the US.
And while I’m in the US, I’m going to be trading and traveling and I’m going to be documenting that process so you can see how easy it is with my strategy to be able to trade while you are traveling, while you’re enjoying a holiday or vacation, or whether it’s just normal life with, you know, everything that happens with work and jobs and kids, hobbies, etc.
Follow me on my 4 weeks road trip around the US.
What I want to show you is whether it is traveling or not, whatever it might be that you want to do, you can trade at the same time and you’re not getting in the way of you’re traveling and you’re trading doesn’t take all day. So that’s what I want to show you. But by the time you get to watch this video, all being well, I will be in Texas. And because today when you see this video will be a Monday, we would have looked through the weekly charts and the daily charts, and it would have taken us 20 minutes that say tops and place the trades, and that’s it for the day.
And then during the week, each day I’ll be looking at the, daily charts again, just at exactly the same as normal. Apart from it’s just a different local start time because I’ll be in the US. It will be in the evening or afternoon time. 5 p.m. New York time is when the daily charts change over.
So for me, normally that’s, the morning of the next day here in New Zealand, but because I’ll be on that time zone or close to that time zone, it’ll be in the afternoon when I’m seeing those trades and placing those trades.
Where you live is irrelevant.
Now, it doesn’t matter where you live in the world, because the way that we trade using my strategy is that we use limit orders.
So you don’t have to be there at 5 p.m. New York time. And again, I’m going to show you that because there will be some days over the next few weeks while I’m in the US, that there’ll be other things happening. I’ll be doing something, I’ll be traveling, whatever it might be, that I cannot be at my computer at 5 p.m..
And it doesn’t matter, because later on that afternoon or evening I can still go and place the trades. And that’s the beauty of the way that we trade using my strategy. So I want to document that.
Sign up to be notified when I make a new trading video https://theforextradingcoach.com/the-30-minute-forex-trader-us-travel/
If you’d like to follow along and be notified of when I’m releasing videos and some will be live, I’m looking at doing a few Facebook Live, a few YouTube live, videos showing me taking the trades and analyzing the charts and of course the results.
So nothing is going to be hidden. It’s all going to be aboveboard. Whether results, you know, favorable or not. We’re going to show you everything that all the trades that I’m taking while away, the reasons why I’m taking them and the outcome and the results. So if you’d like to find out how we do that and you’d like to follow along on that trip while I’m in the US, I’m going to put the link here and that you can sign up to and be notified of when I release those videos.
My Europe trip from 2019, see here https://theforextradingcoach.com/the-30-minute-forex-trader-updates/
If you’re out there just looking to see how we do that, and you’d like to see what I’ve done in the past, a number of years ago, when I went over again with my family, took the kids this time. This time were not, I went to the UK and Europe for about a month, and I have a series of videos from several years ago that you can go and view straight away.
I watched the whole lot through when we do exactly the same process. You can see me taking the trades, analyzing the market so you can see them on my membership site, and I can, show you the results of all of those trade. So I’ll put a link to that as well. The UK and Europe trip. But if you’d like to follow along with this particular trip and be notified of when I, take those, trades and take those, I’ll make those videos live. Sign up to the link that you’ll find on this page. And, it’d be great to have you follow along.
Blueberry Markets as a Forex Broker.
If you are out there looking for a good broker, I can highly recommend Blueberry Markets. If you’re in the US, then you cannot trade through blueberry markets. But pretty much everybody else, anywhere else in the world can trade through blueberry markets. And I highly recommend you consider them at least. If you’re out there looking for a broker.
Watch my Masterclass.
If you’d like to, watch my masterclass, it’s a short 17 minute on demand masterclass. I’ll put a link to that here as well. Explained about how we trade, how we teach, and how you can come on board with us.
Have a chat with us.
And if you’d like to, look at joining us, or if you just want to have a call with, one of my team, it won’t be me because I’m be traveling. But if you’d like to have a call with one of my team, all you need to do is look at the link here for booking a call, and you can schedule a time to have a chat with one of the team. As I said, for the next few weeks, it won’t be me.
If you do email me, I’ll still email, back to you, personally while traveling. But, the team will be certainly looking after all the course for the next few weeks while I’m in the US. So looking forward to some more sunshine like this in the US.
I think it’s going to be a little bit hotter. Of course it’s summertime, over there, winter time here in New Zealand. So, use the links and follow along with how we tried to see how easy it is to trade just once, maybe twice a day, and do very well with low risk, high reward to risk trades and to enjoy trading and travel at the same time. So use the link and I’ll see you in the next video. Bye for now.
Episode Title: #597: Trading on Vacation: How to Do It Right
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Book a Call with Andrew or one of his team now
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How to Pass Prop Firm Challenges with Andrew Mitchem & Etienne Crete
Podcast:
Find out more about Blueberry Markets – Click Here
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Click Here to Attend my Free Masterclass
Book a Call with Andrew or one of his team now
Click Here to Watch Prop Firm Masterclass
#596: How to Pass Prop Firm Challenges with Andrew Mitchem & Etienne Crete
In this video:
00:05 – Passing a prop firm challenge.
00:19 – Talking prop firm challenges with Etienne Crete.
00:45 – Horror stories from traders starting a prop firm too early.
02:08 – How to start trading on a prop firm account.
03:13 – How to pick a prop firm.
06:10 – How much should you risk per trade.
08:10 – Treat a demo, a live and a prop firm account the same.
10:25 – Have a proven strategy first before getting on a prop firm account.
15:28 – Does the prop firm have the markets you trade available?
17:15 – How to find us and how to join us at The Forex Trading Coach
Passing a prop firm challenge.
Andrew Mitchem
If you’re on a $10,000 prop firm, you know, you you’re risking quite tiny amounts, but that’s fine, you know? But just go very, very small because just don’t get stopped out and you’ll eventually, you know, if you’re trading good enough, you’ll eventually get to that profit target.
Talking prop firm challenges with Etienne Crete.
Etienne Crete
Sitting down today with Andrew Mitchem. we want to do an episode specifically about prop firms and what it takes to become a funded trader, but also kind of scale things up. And you get to the next level of performance to scale it up to, we can make more money trading with more capital. So Andrew welcome back on the podcast. Continue here.
Etienne Crete
Let’s start with this. I actually get people who reach out to you and kind of ask you about prop firms and how they should go about it. What’s your first train of thought into what is the right time to go for prop firm?
Horror stories from traders starting a prop firm too early.
Andrew Mitchem
Okay, I find that so many people tell me stories. In that kind of horror stories, they jump in too quick. And I think people aren’t doing it realistically. They jump in because they see it as maybe I don’t have enough money myself. And it’s a it’s a good way of potentially earning funds and, and commissions, etc., but they don’t have any, background into trading properly themselves.
Andrew Mitchem
You know, they don’t have a strategy, the confident in them. And they have proven themselves first. And I think that’s the pitfall that too many people jump into.
Etienne Crete
Definitely like trying to get capital before you are profitable trader.
Andrew Mitchem
Yeah. I mean, I just tell people maybe you look at it and, you know, 6 to 12 months time, be real about this. Yes, look prop firm can be absolutely fantastic once you know what you’re doing. But spend some time upfront to learn the process of trading. Forget how much money you make. Don’t even look at money.
Andrew Mitchem
Just understand the process of trading. You know, low risk, etc., low drawdowns, because ultimately that’s the thing. It’s going to get you through a pot firm. And if you don’t understand that hitting that drawdown criteria is what’s going to make you lose your money.
Etienne Crete
How do you someone interested in the process? Because a lot of people are going to, of course, focus on the outcome, trying to get the result, how do you get them to, first of all, follow the process? But they kind of have to be interested in then involved in it too.
Andrew Mitchem
How to start trading on a prop firm account.
Andrew Mitchem
Yeah, it’s a tricky one because everybody wants the results and everybody wants the money. I suppose all I can do is probably a little bit like is keep going on and on and on with the same story, because ultimately that’s the best way you’re going to get a result. You know, you almost got beaten into people was like, please don’t waste your time away or waste your money, focus on the process of knowing how to trade or just make sure you’re consistently profitable. I do suggest to people that when they start, use a demo, you know, for a reason, be profitable on that. Go on to a small live account. Be consistently profitable on that, then maybe a slightly bigger live account, and use all those like that experience and those emotions that you’re going to have.
Andrew Mitchem
And get that right first before going on to a prop fund, because otherwise you’re just spending $500 and wasting you money.
Etienne Crete
In terms of platform, there’s a lot of choice. Are there? You can think, of course, so many different names is one that’s been around for a longer time, some that are newer and more competitive or kind of nicer offerings. How do you actually get to pick the prop firm and then maybe have some thoughts on this?
How to pick a prop firm.
Andrew Mitchem
But yeah, no, it’s I suppose you want to look at potentially, you know, a company’s been around for a long time. That’s always, I suppose, a good starting point. But the other one is I like, personally, I like prop firms that have slightly bigger drawdown allowances and, the some of those that I personally use that have two stages of a challenge before you go to live money, a lot of them would have like a 10% profit target and maybe like a 5% drawdown.
Andrew Mitchem
I think that’s it’s a little bit of a tight criteria for a lot of people. Whereas I’m now using prop firms that have a maybe like a 10% profit, 10% drawdown. And then you go on to another stage where you have to maybe make like a 5% profit again, within a 10% drawdown. And then you go to real money.
Andrew Mitchem
So yes, it might take longer, but having that bigger drawdown just allows a little bit more wiggle room for you as a trader. And I also think it’s really important that people don’t have a prop firm that has a time restriction. I, I really would avoid that. When you see these prop firms that say, you’ve got to do this, you know, 10% within 30 days.
Andrew Mitchem
And then realistically that might only be, say, 20, 20 trading days, you know, then the market conditions aren’t good every day. So, you know, they almost forced you to gamble. So, I would have something that doesn’t force you on a time restriction to get to your profit target. And also something allows a slightly bigger drawdown.
Etienne Crete
I think the, the time roll is mostly gone for a lot of performers. Most don’t offer this and most don’t have this anymore as a rule, because people are really tired of it. I think the rule that now is kind of simplify for people is the, the trailing drawdown. So the more you profit, even a few trades are open, but not close yet.
Etienne Crete
That counts as your highest like profit level, your highest watermark. Then the jobs calculate from there. So you could have a trade that runs like really fast and comes back and then that hits to your drawdown level.
Andrew Mitchem
Yes. So I suppose a lot of that then comes back to, as I mentioned, to try and have a prop firm that has a little bit bigger drawdown. To give you that flexibility, but also don’t rush to pass it. And probably, you know, the way that obviously everybody fails on a prop firm is they hit the drawdown and get stopped out or, you know, they get closed.
Andrew Mitchem
So making sure that your risk for trade is very, very low, I think is crucial as well. You know. Yes it may. Let’s say you’re doing on your own normal account. It might take you a month, but let’s say half that risk again and it might take you two months. It’s like, well really it shouldn’t matter. Just pass the thing within the drawdown is the is the most important point, not how long it takes you.
How much should you risk per trade.
Etienne Crete
How do you calculate the risk for a trade that you should go with? Is it the specific number that you always follow, or is there some math behind it? Or what do you tell people to focus on?
Andrew Mitchem
For me, I’m just talking purely me personally. I mean, what people do is entirely up to them. Of course, I personally risk only a quarter of 1% of my account on a trade, and if I split that position into two, which quite often I do, you know, like if I’m taking a buy trade, I’ll take a market order and a buy limit just the way that I trade.
Andrew Mitchem
I’ll have like an eighth of 1% of my risk on each of those two positions. So in other words, if both positions got stopped at, I lose only a quarter of 1%. So, you know, you need effectively four whole trades to go wrong to lose 1%. You know, so yes, it will take me longer to get to the profit target because naturally my gains will be smaller as a percentage.
Andrew Mitchem
But the chances of me being stopped out and blowing that I can really quite like small.
Etienne Crete
And then I’ll let people have this issue of they say, oh, well, of course you can do this because they have a big account. But what about guys who have the small account they trade? Well, maybe $10,000 might be able to take all the trades with 0.25%. How would they go about it?
Andrew Mitchem
They can still do that. I mean, if you’re on a prop firm, you know, with a I mean, most people that I so speak to are slightly higher amounts on a prop then, but yeah, like, I suppose if you’re on a $10,000 prop firm, you know, you, you’re risking quite tiny amounts, but that’s fine. You know, 1% is $100, so you’re risking $25 per trade on a $10,000 account.
Andrew Mitchem
It’s still the same risk percentage. I mean, I think if you went down to 10,000, you might have a little bit more difficulty with real, accurate position sizing. But just go very, very small because just don’t get stopped out and you’ll eventually, you know, if you’re trading good enough, you’ll eventually get to that profit target.
Treat a demo, a live and a prop firm account the same.
Etienne Crete
One of the beliefs people have is that the way you pass the valuation is differ





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So what's the answer to the question in the title of this podcast???
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