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Why Most Traders Fail Prop Firm Challenges and How to Succeed  Podcast: Click Here to Register My Upcoming Webinar - "Prop Firm Mastery: How To Get - And STAY - Funded... So You Can Transform Your Income In Just 30 Minutes A Day" 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 Watch Prop Firm Masterclass #583: Why Most Traders Fail Prop Firm Challenges and How to Succeed In this video: 00:26 – Advantages and disadvantages of trading on a prop firm. 01:05 – People jump in too soon and then fail. 02:02 – Prop firm challenge example.  03:44 – Large gains for a small investment. 04:25 – Use a VPS and copier software. 05:24 – A free and LIVE webinar for passing a prop firm challenge. 06:16 - 17 minutes Masterclass and book a call with us. 06:27 – Blueberry Markets as a Forex Broker. So you want to know how to pass a prop foam challenge and to make money by making commissions via prop firm. Let's talk about that a more right now. Hey there, traders! Andrew Mitchem here at the Forex Trading Coach with video on podcast number 583. Advantages and disadvantages of trading on a prop firm. Today is about passing prop firm challenges, the pitfalls and the advantages of trading via a prop firm. Now, if you don't know, all approximates, go and have a look online. If you do know what one is. Then you'll know that they're not always as easy to pass as you might think. They look really good, and for a lot of people, they look to be a fantastic way of making some very, very good, substantial profits from trading. But with that, needing your own funds and that is the obvious advantage of them. But there are a number of things you have to be careful of. People jump in too soon and then fail. One of the most common issues that I see is that people jump into a prop firm way too soon. They should don't know how to trade, and they just think they're going to pay $500 to get $100,000 account. Pass a few demo challenges onto real money, make a fortune. The reality is that for most people, that's not going to happen. And it comes back to, as I've mentioned, that they jump too soon. So for me, it's really important that you look at a prop firm maybe as something maybe like 6 to 12 months from now. So it's a profitable first, get yourself profitable and have confidence in strategy and understand it on a demo account. Then a small live account and then maybe a larger live account. And at that point, with consistency and with the meeting, the rules of a prop firm. You can then go and successfully pass the challenge. Now this printed out some, a prop firm challenge here. This happens to be from, blueberry funded. And they have one and two step processes. I actually really like the two stage process. The two step process. I'll tell you what, because you have to prove yourself twice on a demo account before you go to live money. And what I like about it is because you have to prove yourself twice, and you will probably take a little bit longer to pass the demo, challenge or challenges. Prop firm challenge example.  As a result of that, you get given a larger drawdown amount. And to me, probably the most, well, the biggest reason why people don't pass prop firm challenges is because they get stopped at and they reached the drawdown criteria, and that means that they're risking too much and they're having too many losing trades, etc.. What I like with this idea is that you need to make a, a 10% gain, but also they allow you up to a 10% drawdown. So there's a lot more flexible in there. And so by going through a two stage process, having that bigger drawdown, ability, when you get on to the real account, things become a lot easier. You think about it, if you have the ability to have, let's say, a 10% drawdown as opposed to maybe a 5 or 6% drawdown when it comes to real trading and real money.

How to Avoid Useless Forex Indicators  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 Watch Prop Firm Masterclass #582: How to Avoid Useless Forex Indicators In this video: 00:24 – What trading Indicators should you use? 01:31 – Most Indicators don’t work. 01:52 – You must look at the price.  02:23 – Horizontal levels and Candles are good indicators. 04:50 – Blueberry Markets as a Forex Broker offering a 50% credit bonus. 05:19 – Book a Call and speak with us. 05:35 - 17 minutes Masterclass. What is the best trading indicator that you can use on your charts as a trader? Let's talk about that more right now. Hi there, Traders! It's Andrew Mitchem here, the owner of The Forex Trading Coach with video and podcast number 582. What trading Indicators should you use? Today I want to talk and discuss indicators. As a trader, if you open any charting package, whether it's MetaTrader like I've got the Me here or Trading view, whatever it is that you use, you will find that trading package, that charting package absolutely full of various indicators. They can be dots and lines and arrows and triangles and all sorts of different things on your charts. And I'll tell you what, they look amazing, don't they? They look so good, especially if you're a new trader and everybody falls for it. I know I did this like 20 years ago. I had this moving average crossing over that one and a swing low here and a MACD there, and I looked absolutely beautiful, and I knew that I was going to become a multi-millionaire in no time at all, because as soon as this line crossed that line there, and this dot showed there and below it and all those things, it was going to be a brilliant, simple, easy trade. Said reality is, none of that is true. That is the truth. Most Indicators don’t work. The reality is that almost all indicators that you see on a standard charting package, they lag time, they tell you what's already happened, they can't help you, most of them with what's likely to happen or any sensible trading decisions. Sure, there are some that can be used as a bit of an age once you know what you're doing. You must look at the price.  But in general, most people get completely caught up because they don't look at the obvious thing. And that's the right hand side of the chart, and they do not look at the price. If you don't look at the price and you rely on dots and arrows and lines, etc., you're going to get spaghetti on your charts and you're not seeing what's really happening. You're not seeing the true psychology behind what's happening. What's really happening are the buyers are the sellers. Has it bounced at that level before all those type of things? You're completely ignoring because you're failing to look at the price? Horizontal levels and Candles are good indicators. I much prefer a number of indicators. Horizontal levels are absolutely fantastic. Why? Because they never move. A horizontal level that you see is the same as what I see at the same time. You know, again, the price, whether it be the daily pivot point, support and resistance level, swing high swing lows, those things never change. And so by having those on your chart, it's giving you something that's an absolute that's actually happened. If the price pulls back to a round number and that happens to be a previous swing low and it bounces at that level, well, quite likely, then you're going to get that support level holding and the price is likely to move up. So then I add another, indicator of a sort and that's candle, patterns and understanding candles themselves. What they're telling me are they exhaustion candles. Are they indecision candles. Are they confirmation of a change in direction? Are they confirmation of a continuation pattern or a reversal pattern?

How to Choose the Best Forex Pairs for 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 Watch Prop Firm Masterclass #581: How to Choose the Best Forex Pairs for Trading In this video: 00:22 – Forex pairs – what to choose? 01:37 – The best pair to trade is …….. 02:00 – Assessing Strength and Weakness. 03:13 – Fine tuning to pick the best setup available. 04:25 - 17 minutes Masterclass. 04:33 – Blueberry Markets as a Forex Broker offering a 50% credit bonus. 05:05 – Book a Call and speak with us. As a forex trader, what are the best forex pairs that you can look at trading? Let's talk about that a more. Right now. Hey traders, Andrew here at The Forex Trading Coach with video and podcast number 581. Forex pairs – what to choose? What to talk about forex pairs as a trader you have a lot of pairs available and a lot of people, especially when they start. I get very confused with the different currency pairs. You standard main pairs you get you exotics, you get your minors, and more and more pairs now are available to us as traders. So really the question is what is the best pair to trade? Well, a lot of people think you need to trade just the euro US dollar or just the US yen because their spreads are tight. And in the case of the EUR/USD, it tends to have the most movement or not some movement, but the most volume traded on it, per day in general. And then other people look at pairs like the GBP/JPY because it moves a lot and they think they need to trade that. And then people look at pairs like the EUR/CHF, which doesn't move a lot, and they think they can't trade it. So that becomes a lot of confusion out there. Do you need, like the most liquid pair, the tighter spread. Do you need one that moves a lot? Do you need one that doesn't move at all? The best pair to trade is …….. And so my answer is it depends. And I know I say that to a few things because it's true. I don't just trade the NZD/USD or against the JPY because I live in New Zealand. You shouldn't do that either. You shouldn't have an emotional tie to a currency pair. What you should do is look through all the currency pairs. And the reason I say that there's a few reasons. Assessing Strength and Weakness.  Number one, you can assess strength and weakness very well. If you do that. As an example, rather than just looking at the EUR/USD, why don't you look at also the EUR/JPY, the EUR/GBP, the EUR/AUD, EUR/NZD, EUR/CAD and make a full assessment. So if for example you can do that and you see let's say all of those pairs were moving up, that's going to give you a fairly good indication that the Euro is very, very strong. But if you didn't do that and you looked at just the EUR/USD and is moving up, you don't know whether the strength in the Euro or whether that movement of the EUR/USD heading up is, is just because the US is extremely weak right now. So you might be taking a by trade on the EUR/USD thinking the strength in the Euro, whereas it may just be the US weakness that's pushing it up. And the Euro against other pairs may actually be dropping. So you're not doing yourself any favors there. So to assess multiple currency pairs is going to be your best option. Fine tuning to pick the best setup available. The other thing that gives you is let's say you see really good buy trades on the EUR/USD, the EUR/CAD, the EUR/AUD, the EUR/NZD, the EUR/CHF. Let's say they're all showing some fairly good setups at the same time. And by the way, I only trade on the close of a candle. Let's say you see that what you really then should do is fine tune those setups and maybe pick 1 or 2 of the very best ones setups that give you a high probability chance of a success for trade setups that have round numbers in their favor. On a buy trade that doesn't need to break a previous swing hig...

What’s More Important: Win Rate or Risk-Reward?  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 Watch Prop Firm Masterclass #580: What’s More Important: Win Rate or Risk-Reward? In this video: 00:23 – What should your win rate be? 01:03 – Controlling your emotions. 01:23 – An example of a 90% winning system trader.    03:01 – A high reward:risk is more important. 04:47 – Summary of what’s important to be a profitable trader. 05:24 - 17 minutes Masterclass and Book a Call. 05:47 – Blueberry Markets as a Forex Broker. 06:03 – Comments, Like & Subscribe. What percentage win rate do you need to be a successful and profitable trader? Let's get into that and more right now. Hey there, Trades! Andrew Mitchem here at The Forex Trading Coach. Video on podcast number 580. What should your win rate be? Want talk all about a winning percentage level rate. What should it be? and what do you need that to be in order to be a profitable trader. Now the answer is quite interesting. And it may not be quite what you're expecting me to say. You see, if I ask most people out there, what should your percentage win rate paid? They'll go, oh, it needs to be 80%, 90% in order to be profitable. Then it's not actually true. There's more to it than just the win rate. Yes, sure. The win rate is very important. And yes, it's more than just how many winning trades you get. Controlling your emotions. It's the whole mental approach to trading. There's two things in trading you need to control. Like I've said, one's ahead, one's your heart. You've got to control your emotions. And so obviously having more winning trades, more profitable trades is a good thing psychologically, emotionally it helps you trading. Of course it does gives you confidence. Everybody wants to see winning trades. An example of a 90% winning system trader.    But here's a scenario, I had someone many years ago, and you may have heard me talk about this in the past, who came to me with and this was a real situation, by the way, came to me with a 90% winning system. So every ten trades, they had nine profitable trades, one loss. You'd think, especially if you're relatively new to trading. Wow, what an amazing system. I want to know how they did it. The issue is, is that person was losing money. And you think about it. How does that happen? Well, it's quite simple. What they were doing is having small wins and a big loss. And to put it in very simple, basic terms, let's, let's talk pips. You know, I don't like pips. And I don't believe in pips as a way of identifying profit. But let's make it simple. And let's say that they had nine trades in a row making an average of ten pips profit. So therefore they made 90 pips. You could think of it as like percentages. And they had one loss out of those ten trades that lost let's say 100 pips. So now the minus ten pips. If they were making 1% all the time and they lost 10%. Yeah. Same thing. You know, they're negative, but the win rate's really good, which is what you all want. And I'm here to say, well, maybe it's not quite as important as you think. So for me, there's more important factors. A high reward:risk is more important. And a good strategy to me should always have a high reward to risk. And that's more important. And let's do some very quick numbers again. Let's imagine we still have ten trades. And let's imagine instead of being a 90% winning system we're only a 50%. So we're losing half the trades. We take one and every two trades we take will now lose. Okay. In this scenario. Now let's say we have a 3 to 1 reward to risk trade. So that means on every single trader take I have a stop loss. Let's call it 1%. And I have a profit targets. Let's say it's three times. Now of course in reality it's not always going to be exactly that.

What Every Trader Needs to Know About Broker Time Settings  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 Watch Prop Firm Masterclass #579: What Every Trader Needs to Know About Broker Time Settings In this video: 00:28 – What time do your charts start the new trading day? 01:56 – 5:00 P.M. EST New York time is when the charts open for the new day. 02:50 – Does your broker have a “Sunday candle”?   03:58 – Have a look at the brokers that I use – see here https://theforextradingcoach.com/forex_trading_resources/ 04:32 - 17 minutes Masterclass and Book a Call. 05:03 – Comments, Like & Subscribe. Is your Forex Broker’s Trading Platform set to the right time zone? If it's not, it could be causing you many unnecessary losses. Let's find out about that and more right now. Hey there, Traders! It's Andrew Mitchem here, the owner of The Forex Trading Coach with video and podcast number 579. What time do your charts start the new trading day? You can ask the question about forex brokers and the time that their platform start the trading day and the trading week. It's really important that you get this right, because maybe there's a lot of people out there that just don't understand it and don't understand understand the importance of getting it correct. So it doesn't matter where you live in the world, the correct start time of the new week and each day of the trading week is always at 5:00 P.M. New York time. That's Eastern Standard Time. So again, it doesn't matter where you live. Doesn't matter where I live. All you need to do is convert your local time into that 5:00 P.M. Eastern Standard Time, new York time start of day. And obviously with most people around the world, they will have daylight saving. When you change from, you know, into summer, into winter, etc. and that's the same also in New York. But 5:00 P.M. New York time is always 5:00 P.M. New York time. So the only thing that's going to change is what that converts to in your local time zone. So really important that you understand that. And there could be differences like for me right now in, March, we are in summer time in the southern hemisphere. But of course, in the northern hemisphere where New York is, it's still like wintertime, winter in the spring. And, you know, vice versa. When they go to summer, we go to winter. 5:00 P.M. EST New York time is when the charts open for the new day. But you have to understand that 5:00 PM New York time is always 5:00 P.M. New York time. So get that bit right and you'll be fine. So how do you check that on your forex brokers trading platform? Well, the easy way to do that is to see when the new week starts. So when the charts open for the first time in the week, that should be Sunday 5:00 P.M. New York time, and each subsequent day will be 5:00 P.M. New York time. And if you're seeing that on your charts, generally if you go down to like a one hour chart, it will start at 00:00 Timestamp and you will see that on your charts and you'll know in your local time zone what time that is. You'll know that's the start of the day. You'll also figure out that that converts to 5:00 PM New York time. Perfect. You're good to go. Does your broker have a “Sunday candle”?   The issue that we find not as much today is it used to happen, but some brokers used to have what we call a Sunday candle, and that would have been a candle that lasts 2 or 3 hours, at the beginning of the week before their first full day starts. Now, when you think about the problems that causes is the charts. So if you're using light indicators or support and resistance levels whenever you're using, it assumes that one bar is equal. So it assumes that in the correct chart you should have five days on the daily charts. Each of them having exactly 24 hours. And if you do, fantastic.

Top 5 Forex Trading Mistakes to Avoid  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 Watch Prop Firm Masterclass #578: Top 5 Forex Trading Mistakes to Avoid 00:33 – What you must do in order to succeed as a Forex trader. 00:46 – #1 You must have confidence in your trading strategy. 02:00 – #2 Forget Pips and understand Percentages. 03:50 – #3 High Reward:Risk trades. 05:35 – #4 Don’t let trading control your life. 06:40 – #5 Belong to a trading community. 07:52 - 17 minutes Masterclass and Book a Call. 08:52 – Blueberry Markets as a Forex Broker. 09:14 – Comments, Like & Subscribe. Today, I'm going to discuss the five things that you must have as part of your trading plan in order to be a successful, independent and profitable forex trader. Really important this. Let's get into the more right now. Hey there, Traders! Andrew Mitchem here at The Forex Trading Coach with video and podcast number 578. What you must do in order to succeed as a Forex trader. That’s right today I'm going to give you my five top points that you must have in order to become a successful trader, but a profitable trader and also an independent and knowledgeable trader. So let's get into it. #1 You must have confidence in your trading strategy. Now the first point is you must have full and utter confidence in your trading strategy. You must know exactly what to do when to do it. You must have proof in your strategy that it's been proven across different markets, across different time frame charts, across a large amount of length of time that you've traded that on demo and small live accounts before taking it a little bit more serious on a bigger candle problem. But you have to have that strategy. Why? Well, otherwise you're going to doubt yourself. Aren’t you? Going to see something and you go, I'm not quite sure what to do here or you start gambling or you leave a trade because you've had a few losing trades. And of course, that's the one that would have won. And you do all these silly things and you break the rules, you break your plan and it all comes down to having no confidence or a lack of confidence in what you are doing as a trader yourself and or your trading strategy. It's because it's not proven, because you're not really 100% committed and confident with it. And so to have a trading strategy, you're fully on board with is the most important thing as part of being a successful and independent trader. #2 Forget Pips and understand Percentages.   The second point is you must understand risk. Forget pips, do not count your success or your failure on pips is just madness. Luckily, over the last number of years, more and more people have figured that out. But when I started, everybody talked in pips and I'm talking 20 years ago now. But luckily today people understand percentages of risk. Now, for me, it's vitally important that you have low and controlled risk on every single one of your trades and it's equal. So what that does is one, it gives you peace of mind that knowing that if a trade goes against you and we all have trades, it get stopped in you. No it's perfect. It's a part of trading. You got to accept it. But if a trade goes against us that's fine. Providing that the set up that we took at the time look good and you can have some fantastic looking trade setups. And sometimes the market goes against you. Something happens, news announcement, somebody says something, whatever it is and the trade just goes wrong, that's that's life. Okay? But if the trade goes against you, you have to know that you lose a set low and pre known amount as a percentage of your trading account. Therefore it doesn't matter if you're trading $1,000, $10,000, $100,000, $1 million, it doesn't matter. It's still the same percentage risk.

How to Avoid Common Forex Strategy Failures 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 Watch Prop Firm Masterclass #577: How to Avoid Common Forex Strategy Failures In this video: 00:25 – Failing trading strategies. 01:00 – A lack of trading knowledge. 02:09 – What is the actual price? 03:35 – A signal service website. 04:33 – What makes us different? 05:15 – 16 years of coaching. 06:01 - 17 minutes Masterclass and Book a Call. 06:21 – Blueberry Markets as a Forex Broker. 07:01 – Comments, Like & Subscribe. Why is it that so many trading strategies fail to deliver? They look promising and then they fail? Let's get into that a more right now. Hey there, Traders! This is Andrew Mitchem here, the owner of The Forex Trading Coach with video on podcast number 577. Failing trading strategies. Today I want to talk about failing trading strategies. Why do so many strategies fail? You hear the stats out there like 90-95% of all people lose money when trading. So what is it about that the why? Why this strategy is just not working? It's quite annoying for people. You know, people would put a lot of time and effort into developing trading strategies. They do a lot of backtesting, a lot of research, and inevitably things go wrong when they take it live. So a few reasons. A lack of trading knowledge. One of the main reasons is actually a lack of trading common sense and knowledge within the strategy itself. And what I mean by that is a few things. A lot of people just fail to actually understand what is happening in the market right now. Actually, is it a good time to be trading right now based on what you're seeing on the charts? And that, of course, can determine by the timeframe chart you're trading, the time of day you're trading the currency pair or even the market. If you're looking at cryptos or metals indices, etc.. But a lot of people just rely so much on a big mismatch of indicators. And this one crossing over that one and all these results look really cool. The indicators look really flashy and and look how I've done it myself. Years and years ago I did exactly that. I was over optimizing things. I was making the perfect, you know, curve, results and and everything on paper was looking amazing until I took it live. And time after time after time, the strategy failed and I lost money. And it gets very frustrating because, as mentioned, people spend a lot of time trying to work out a strategy for them, but they fail to look at things like the price, the obvious thing, like what is the price right now? The amount of times I see people like selling signals and services. And as an example, there's a big right number in the way, and they're taking it buy trade straight into that round number. Like why would you do that? That just makes no sense to me. But whether that's an automated system or that's because this line crossed over that line and it says buy now that's what they do. What is the actual price?   They fail to look at the right hand side and go, that's a round number. And oh, let's have a look back through history. You wouldn't believe it. But every time that round number has been hit in the past multiple currencies, it hits that level and falls away again. So guess what's likely to happen right now? It's likely to head back up there and drop away again. And so if you understand candles and you have a strategy that looks at the price and understands what's happening in the market, you can look at that and say, I think is a great opportunity for sell trade here. My longer term might be down. You know, all these things that we look at could be saying a sell trade but a lot of other people were looking at this and they're crossing over, something's crossing over another line and they're just taking it by trade just willy nilly,

How Indecision Candles Can Boost Your Trading Performance 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 Watch Prop Firm Masterclass #576: How Indecision Candles Can Boost Your Trading Performance In this video: 00:31 – What are Indecision candles and how do you use them? 01:11 – Examples of using an Indecision candle. 03:21 – Your trading edge. 03:57 - 17 minutes Masterclass and Book a Call. 04:48 – Blueberry Markets as a Forex Broker. 05:36 – Comments, Like & Subscribe. 05:45 – Improving your trading performance. Today I'm going to talk about indecision candles, how to trade them, how you can use them, how you can take advantage of them, and how they will likely improve your trading performance. Let's get into that a more right now. Hi Traders! This is Andrew Mitchem here at The Forex Trading Coach for a video on podcast number 576. What are Indecision candles and how do you use them? Outside again today, another stunning New Zealand summertime day. I want to talk today about indecision candles. They are candles that open and close at pretty much the same price. There are candles that are small so they can be called or look like a hanging man candle or a pin bar or doji, depending on where they show within the charts. Now, do we trade them just by themselves? Absolutely not. You always need to have some form of confirmation candle after the indecision candle to give you the trade entry. However, they can be what I call an early warning system, and that can be really important to your overall trading success. I'll give you a few examples. Examples of using an Indecision candle. Let's say that you saw a big uptrend, and then the uptrend suddenly stalled and a indecision candle formed. It could be a hanging man pattern let's say. That's giving us the clue after the uptrend. That is some stage during that hanging man. That the sellers were in control and had started to push the market down. Now by the close of the candle the buyers had pushed it back up again. But it tells us that there are sellers out there within the market. And so the beauty of that is it gives you a clue of what could be coming. Now the other important thing is to see that indecision candle bounce at a certain level. It could be a round number. It could be a previous high some form of resistance level to give you a clue that it's actually happening for a reason. We don't still take a trade. We then need to wait for the next candle to form a bearish confirmation candle, and that then gives us the confirmation to go short. So a great way of saying well potentially there's a trade coming here. Now I've seen confirmation. Now I get in the trade as a reversal. Same thing with a continuation trade as well. The other scenario could be that would help you is let's say you were in a trade. Let's say you in that same uptrend and you're not quite at your profit target. And you see an indecision candle. Well that's giving you again the same early warning signal to say potentially our uptrend could be coming to an end. You may not see the reversal signal come next and the trend might continue back up again. Still hasn't got your profit target. Let's say there's another indecision candle that something to tell me that may be this uptrend not going to continue. So that potentially then could be your clue to get out of the trade either completely or partially or maybe move your stop loss, whatever it is that you do as a trade management tool to ensure that when the trade does turn around, let's say, and it starts dropping, that you don't lose out on that trade and your winning trade ends up turning around to, let's say, a complete loss. That's just what you don't want is what you need to do everything to avoid. Your trading edge. And so to me, looking at charts and seeing what actually the mea...

How to Trade Forex in Under 30 Minutes A Day  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 Watch Prop Firm Masterclass #575: How to Trade Forex in Under 30 Minutes A Day In this video: 00:24 – Trading in 30 minutes or less per day. 01:20 – New traders think they need to be taking trades all of the time. 02:30 – Less is more. 03:18 – My 2 preferred trading times. 04:18 – We use limit orders to place trades. 05:00 – Some clients just trade once a week. 05:40 - 17 minutes Masterclass and Book a Call. 06:11 – Blueberry Markets as a Forex Broker. 06:32 – Enjoy your trading. 07:31  – Comments, Like & Subscribe. How do you trade in less than 30 minutes a day? Is it possible and is it realistic? Let's talk about that a more right now. Hey there, Traders! Andrew Mitchem here at the Forex Trading Coach with video and podcast number 575. Trading in 30 minutes or less per day. I quite often get asked the question, look Andrew, you say that you trade in 30 minutes or less per day. How do you realistically do that and can you do that as a new trader? You see you know, the answer is yes, you can. Of course. That's why we say so. But the problem that I find is so many new people to trading and look I did the same, you know, myself 20 plus years ago. The issue that people have is they feel that they should be looking at, taking trades all the time. And as a result of that, the fun, the excitement, the, you know, the movement, is often seen on the very short timeframe charts such as, like one minute charts, five minute charts, 15 minute charts, and people feel that they need to be looking at those because that's how they accumulate, trades and pips. People still mistakenly count their success in pips, which of course is completely the wrong thing to do. New traders think they need to be taking trades all of the time. And so when people start out, they think that they need to take lots of little trades. The realization comes when you realize that you're just not making money from that. One the cost of the spread just gets in the way pretty much on almost every trade you take on the forex market and, you know, just eats into any profit. Reward to risk is very hard to achieve or a good reward to risk. And also just realistically, you tend to find that a lot of people will sit down. They see a trade, or they think they see a trade because they're ready. And so they're taking far too many trades there, forcing trades because they're sitting that. And the other realization is that it's actually not very enjoyable when you're spending so much time looking at the charts, flicking through charts, getting very stressed when trades are open because you're watching, like, small moves up and down, you know, going into profit, then you trade goes against you. Oh my goodness, I need to close it early and you start doing all these sort of crazy, rash, things without, you know, decisions without really a lot of thought or planning behind it. Less is more. So for me, the answer is less is more. I've been a fan of longer time frame charts. Now, it doesn't mean to say I don't look short a time frame. When I hold webinars for my clients, I look at one hour charts, etc. two hours, sometimes 30 minutes, but not very often. But 90% of my trading is done on the longer timeframe charts of like, six hour, eight hour, 12 hour, daily, weekly, monthly. And you'll find that those are a lot more enjoyable, are a lot more, reliability within the candles as well, within the charts. Reward risk is easier. Spread becomes you know, almost insignificant on so many of those pairs when you're on a daily, weekly and monthly timeframe charts. So that becomes better, becomes more reliable. My 2 preferred trading times. Now, when you know when to look at your charts. Now, my two preferred times,

What to Do When Timeframes Disagree in Forex 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 Watch Prop Firm Masterclass #574: What to Do When Timeframes Disagree in Forex In this video: 00:31 – Confusion on the charts. 01:13 – The longer time frame charts are generally more reliable. 01:44 – How I’d approach this scenario.   04:03 – High Reward:Risk trading. 05:20 - 17 minutes Masterclass and Book a Call. 05:44 – Blueberry Markets as a Forex Broker. 06:07 – Comments, Like & Subscribe. What do you do when you see this scenario happening on your charts? You're looking at the same pair, but on two different time frame charts, and you're seeing two signals but in opposite directions. It's a common issue. We have a simple solution for you. Let's talk about that and more right back. Hey there. Traders! It's Andrew Mitchem here at The Forex Trading Coach with video on podcast number 574. Confusion on the charts. A common scenario that causes a lot of issues. You’re on the EUR/USD. You're on the daily time frame and you see a fantastic buy trade setting up. And you're thinking fantastic. Let's take a trade on this. Moving the market upwards in a bullish buy direction. With the euro looking strong us looking weak. The issue is that you just taken that trade and you then scan through different time frame charts. And at the same time you're seeing on the one hour chart the EUR/USD falling and it causes confusion. What do you do in that scenario? Do you take both positions? Do you take neither? You get confused. Do you get stopped out on both? What should you do. The longer time frame charts are generally more reliable. So, simple solution for you is this. In general, the longer time frame charts are more accurate. In general, they should be more reliable. They offer in general, high reward to risk trades, and they are better to take because they have more data contained in within them. And you can allow for fluctuations in market movements because you stop losses is likely to be bigger. But of course your profit target is going to be bigger. Your reward to risk is still similar, but probably better to your one hour time frame chart. How I’d approach this scenario.   And so what I like to do is I would certainly be taking that buy trade on the daily time frame, because that's where my bread and butter trading comes from. However, the way that we trade is that we don't just say we're taking it buy trade on that daily time frame. We look for retracements within the market, so unexpecting at some stage within that day. For the EUR/USD to fall. And that could be the exact scenario that you're seeing at that time. But on the shorter timeframe chart where we see our sell opportunity on the one hour chart. So on the daily timeframe, yes. Overall, I'm expecting within the next day or so for the market to move up. But I'm realistic and I'm expecting that potentially we should see a pullback or a retracement first. So when you go to your shorter time frame chart, it's like you one, two, three, four hour charts. You may well see a sell trade and see the market pull back. Now two scenarios there. You could look at that and go well longer time. I'm seeing the market moving up. I'm ignoring that shorter time frame sell opportunity. Or you can say, well I can see that sell opportunity because it's on a short timeframe. Realistically my stop loss or my profit target a lot smaller. Again, the ratios are very similar, but there are lots more in terms of size. So what you can do is take that sell trade at the same time, and you can profit from that small pullback on the shorter timeframe chart, whether it's one, two, 3 or 4 hour chart let’s say. You can profit on that sell trade at the same time as that moves down, you're probably going to find on your daily chart your l...

What Every Trader Needs to Succeed in 2025 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 Watch Prop Firm Masterclass #573: What Every Trader Needs to Succeed in 2025 In this video: 00:29 – Setting your trading goals for 2025. 01:12 – What are you going to do to become successful this year? 02:40 – Trading in less than 30 minutes a day. 03:17 – When to look at the charts and what time frame charts to trade. 03:44 – Trading on large prop firms. 04:42 – Investing in yourself up front. 05:25 – Our 16th year of coaching. 05:45 - 17 minutes Masterclass and Book a Call. 06:00 – Blueberry Markets as a Forex Broker. 06:15 – Comments, Like & Subscribe How are you going to ensure that 2025 becomes a fantastic trading year for you? What are you going to do to make that happen? Let's discuss that and more right now. Hey there, Traders! Andrew Mitchem here at The Forex Trading Coach with video and podcast number 573. Setting your trading goals for 2025. First video on podcast for 2025. So the obvious thing that everybody talks about at the beginning of the year is New Years Resolutions, setting goals, all those type of things. Now I'm kind of going to talk about that, but I also want to make it realistic. You see, I've sent out an email just yesterday talking about why people quit their New Year's resolutions, and already by mid January, most people are given up on diets and gyms and all these things they said they were going to do. So it's no good discussing that. Because realistically, some of those things are just not going to be achievable and you've probably already given up by now. So I'm a realistic, I like practical, realistic things, achievable goals. What are you going to do to become successful this year? So what is it that you are going to do to make sure that this year becomes a great trading year for you? What have you got written down? What have you set in place? What did you discuss with other people to ensure that with your trading, do you have the knowledge, the experience, the strategy, the support, to know what you're doing? Do you know, realistically, when you can trade, practically, when you can trade, how is it going to fit in with what you do, your lifestyle, your family commitments, sporting, music, work, whatever it is that you have going on in your life? So that's how we get to the end of this year. You can look back and go, yeah, look, I pretty much stuck to my trading plan because I set realistic expectations at the beginning of the year when I can trade what markets I'm going to trade, what timeframes I'm going to look at, what type of patterns or in news events. If you're a fundamental trader, what am I trading to make it real? What's my risk going to be? How many trades would I have open maximum at any one time. What am I realistic? Drawdown expectations. My profit expectations? Am I going to invest in myself? Am I going to invest in education? Have I already done that? If I've done that, have I actually followed through with that information and learned it properly? Or I just sort of glossed over it last year, not really giving it a good shot. All those things you need to decide for yourself, but make it real. Trading in less than 30 minutes a day.    That's why I say that we can trade in 30 minutes or less per day, because it's something that's realistically achievable, it's enjoyable and it can be achieved by anybody. Doesn't matter where they live in the world or what their other commitments are. You can trade once a day at 5 p.m. New York time. You don't even need to be there, by the way. We've got clients in 108 countries. Of course, not everybody can be on at that time. So that's why we use limit orders as well. We make it real. We make it, something that is achievable to everybody.

Forex Trading Tips for Small Accounts 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 Watch Prop Firm Masterclass #572: Forex Trading Tips for Small Accounts In this video: 00:29 – How to trade professionally if you have a small trading account? 01:06 – Dangers of gambling instead of trading. 02:05 – Understanding correct money management and having a strategy. 04:15 – You now have the skills to be able to trade. 05:18 – Trading on a Prop Firm account. 06:13 – Final video and podcast for 2024. 06:51 - My 17 minutes Masterclass. 07:07 - Book a Call with us. 07:13 – Blueberry Markets as a Forex Broker. 07:25 – Happy Christmas and I’ll be back in 2025. I'm going to talk about how you can trade successfully if you only have a small live trading account. Let's talk about that a more right now. Hi there, Traders! It's Andrew Mitchem here at The Forex Trading Coach with video and podcast number 572. How to trade professionally if you have a small trading account? I want to talk about a topic that affects a lot of you out there. And it's all about how do you trade properly and professionally. If you only have a very small trading account, you see, the issue is that a small account, depending on who you are and your financial circumstances, may be a lot of money for you. And you become nervous. You're not sure, how to trade. You're fearful of losing money and you feel it's not a sufficiently big enough account to make any sufficient and realistic money out of that account. Dangers of gambling instead of trading. On the other hand, you might be looking at trading, and you might find that a small account just play money for you. The danger of that is that you're likely to do something really silly, and you're likely to not understand risk management, and you're not likely to calculate a lot sizing correctly, or you're just going to gamble the money, or you don't care about stop losses or for trade on forex trades opened over a weekend, whereas maybe your strategy says to shut those trades, you might over trade and take too many positions. And so depending on which side of the of the equation you're at, the issues in some ways are still the same, because a small account can be hard to trade and to make what you call substantial gains on in terms of realistic monetary value. However, it's very important that you trade that small account as though it was a larger account size. Understanding correct money management and having a strategy. It's really important that you understand money management. Now, that account might be such a small account that the only thing you can do on your forex pairs is to trade 0.01 lots, and you may not have a big enough account to have really accurate, lot sizes. However, if that account is small, just trade 0.01 lots. Trade the absolute minimum lot size that you can. The other thing that you really need to, get correctly here is a trading strategy. You know, just because you might have a lot of money and you're just putting $500,000 in the can in this kind of play money, you're probably going to end up losing it. Or you might gamble in flukes and lucky trades, but without that strategy and that understanding of how you trade in the first place, you're kind of not doing yourself any favors. Likewise, if that small account is a fortune for you. Get yourself educated first. Either way, you have to have a strategy that you thoroughly understand and have confidence in. You have to have trades that have high reward to risk so that you can make substantial gains. But also it's really important. Let's say you had $1,000, right? And let's say that over time you made pick a figure $200 on it, and it might have taken you six months. The issue that you have there is that someone's going to go, Andrew, I just made $200.

Why Strength and Weakness Analysis is a Game-Changer as a Forex Trader 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 Watch Prop Firm Masterclass #571: Why Strength and Weakness Analysis is a Game-Changer as a Forex Trader In this video: 00:30– Analysing Currency Strength & Weakness. 00:54 – A real trading example using the Japanese Yen. 03:00 – Refining the pairs you trade further. 03:50 – We analyse and post the Daily Strength & Weaknesses. 05:16 – Looking at the Weekly charts at the start of each trading week. 06:10 – Learn how to analyse the strength & weaknesses for yourself. 06:25 - Book a Call and talk with us. 06:40 – Blueberry Markets as a Forex Broker. 07:10 – Comments, Like & Subscribe. I'm going to talk about the importance of trading with strength and weakness in your favor. It's going to give you a massively improved trading performance. Let's talk about that and more right now. Hi there, Traders! Andrew Mitchem here at The Forex Trading Coach with video and podcast number 571. Analysing Currency Strength & Weakness. Today is all about analyzing currency, strength and weakness. Why we do it, how we do it, and how it can massively help increase your overall trading performance. So you think about it in terms of basics. Well, if you're trading something that strong against something as weak. Logic would suggest, it has to add more probability to the trade. A real trading example using the Japanese Yen. Here's a classic example. Let's say the Japanese yen was very weak across the board. And you're looking at a chart, let's say it's the daily chart and you're looking at the JPY it's going up. You're looking at EUR/JPY, it's going up. The USD/JPY, the CHF/JPY, the AUD/JPY and NZD/JPY, USD/JPY, SGD/JPY, HKD/JPY, whatever it is that you have on your charts, everything against the yen is going up. So therefore there's massive yen weakness at this point in time. Now you're probably unlikely to go and take all of those trades even if they were suitable candle patterns, even if they had some round numbers to protect, stop losses and they had room to hit that profit target. So all the things that we look for, you're unlikely to go and say take ¥8, ¥9, ¥10 related pairs. So what you're prepared to do is analyze strength and weakness. Now, we clearly know that right now in our example, the yen is the weakest currency. But what happens if, say, the Australian dollar, the New Zealand dollar and the Canadian dollar were all fairly weak against everything else apart from the yen? So those are the commodity currencies and they tend to move together. So let's say you're looking at the AUD/USD, it was heading down, the AUD/GBP was open, Aussie is heading up. So there's Aussie weakness. You're looking at NZD/USD, it's heading down against the franc is heading down. There's a lot of weakness overall in the New Zealand, the Aussie and the Canadian. So that is telling us that maybe with our strength and weakness analysis that maybe that the AUD/JPY, the NZD/JPY and the CAD/JPY are probably not going to be your high probability trades on those daily charts that we talked about. Refining the pairs you trade further.   You could also go as far as saying, well, let's have a look at, let's say the EUR/JPY and the GBP/JPY. Also looking good. You could go as far as say, let's have a look at the EUR/GBP and let's say the EUR/GBP was heading down massively big red bearish candle on the EUR/GBP. That again tells us that the euro's got weakness and the pound’s, got strength. So now when we go to the GBP/JPY, we're now trading a very strong currency with a very weak one. And therefore you may not want to take the EUR/JPY as well. So you might only be taking, let's say the GBP/JPYH, the USD/JPY, you might see the SGD/JPY, all the HKD/JPY yen or the CHF/JPY also good.

Every Trader Must Know About Prop Firms  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 Watch Prop Firm Masterclass #570: Every Trader Must Know About Prop Firms In this video: 00:21 – Tips and information to help you pass a prop firm challenge. 00:52 – Become profitable on your own account first. 01:55 – Keeping drawdowns low and your risk per trade low.   02:57 – Take your time and don’t rush the process. 04:00 – Open multiple prop firm accounts. 05:11 – My 17 minutes Masterclass and Book a Call. 05:20 – Blueberry Markets as a Forex Broker. 05:51 – Comments, Like & Subscribe. So you want to know how to pass a prop firm challenge? Let me give you some tips that can ensure you'll do that right now. Hey, traders! Andrew Mitchem here at The Forex Trading Coach with video and podcast number 570. Tips and information to help you pass a prop firm challenge. Today I'm going to give you some tips and information to help you pass a prop firm challenge. So first of all, what is a prop firm? Well, there are companies out there that will give you money to trade on their behalf for profit share. Once you've proven to them that you can trade properly within that low drawdown criteria and then understand the worth low drawdown criteria, because after all, it's their money, it is not yours and you have to meet their rules in order to pass a challenge. Become profitable on your own account first. Now, first of all, I suggest that you forget prop firms and you go back to basics and you make sure that you are, first of all, profitable, all on a demo account and then a live account of your own. It doesn't really matter how big that live account is of your own. But make sure that you are consistently profitable on that first with low drawdowns. The reason I say that is that when you get on to the prop firm challenge, the numbers increase. You might have been trading a 5 or $10,000 live for kind of your own, and all of a sudden now you're on $100,000 with a prop. From now, sure, you start on a demo account, but the numbers can be quite scary to start with, and it can be quite off putting. So what you have to do is make sure that you trade your own personal live account in the same way and same conditions that you would the prop firm when you go on to that. Otherwise you just wasting your money and throwing it away and don't even bother start on the prop firm. So treat this real. Treat it like a business. It is, you know, serious stuff here. Keeping drawdowns low and your risk per trade low.   So you open up your prop firm challenge and they give you 100,000 demo. Okay. They will probably have a rule such as, like a maximum 5% drawdown. Why? Well, it's their money, not yours. Today we're starting off and we're on a demo. I get that it's not real money, but when you go on to real money, you need to trade it the same way. So let's say we have a 5% drawdown there. That means your account starting at 100 cannot go below 95,000. Otherwise they close the account on the demo. And of course, the saying would be on the real. So what are you going to do to ensure that you have low drawdowns? Well, the most obvious thing is to have low risk per trade. I personally trade at an eighth to a quarter of 1% risk on trades on a prop firm. Why? Well, it means I can have if things go terrible. I can have multiple trades all getting stopped out at once or in a row, which, by the way, doesn't happen. But it could do. And I still keep within the drawdown criteria. Take your time and don’t rush the process. Now that also means that my gains are likely to be quite small, but that's fine. There is no rush to pass a prop firm challenge. Take your time and do it properly. Now you have to ensure that, of course, that you have high reward to risk trades so that when you are pr...

How to Trade Bitcoin, Polkadot, and Dogecoin Safely  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 Watch Prop Firm Masterclass #569: How to Trade Bitcoin, Polkadot, and Dogecoin Safely In this video: 00:29 – Bitcoin hits almost USD$95k 01:31 – How do I buy Cryptos. 01:45 – This is how we trade Cryptos.    02:15 – You can trade Crypto long or short. 03:28 – Taking advantage of the big moves in Crypto. 03:42 – Learning how to trade for yourself and Book a Call. 04:19 – Blueberry Markets as a Forex Broker. 04:35 – You can trade Cryptos 24/7 05:17 – Contact us for trading help. So you want to trade the crypto market, but you're not sure how to go about that? We don't have enough money to buy Bitcoin at $95,000. Let's talk about how we can help you to trade cryptos and make money from them. Right now. Hey there, Traders! It's Andrew Mitchem here at The Forex Trading Coach with video and podcast him of 569. Bitcoin hits almost USD$95k So today we're going to talk about cryptos. A lot is happening in the crypto markets right now Bitcoin's hit almost 95,000 USD. If we go back just a few weeks ago it was around 65,000. So it's had a massive, massive increase, most noticeably in the last few weeks since, Trump won the US election. And in November, we have seen, the price of cryptos such as, like Polkadot and Dogecoin, some of doubled, some of almost doubled just in this month of November 24th. So there's obviously a lot of action out there and a lot of people wanting to go and jump into the wonderful world of cryptos. So you're wondering how me as a forex trader is going explain about cryptos to you? Because of course there are, you know, many complicated ways of how you could get into cryptos and had you mind things where you go for wallets and all that type of thing. How do I buy Cryptos. And you might also be asking yourself, how on earth do I buy a Bitcoin? Because I don't have $95,000 US sitting in my back pocket. And even if I did, do I want to go and buy a Bitcoin? This is how we trade Cryptos.    So as a currency trader, I have a quite a simple solution for you. And it is this we trade cryptos such as Bitcoin and Polkadot and Dogecoin, in exactly the same way that we trade the forex market. We use the same charts. I strongly recommend you jump on to MT5 (MetaTrader 5) and you'll find, on almost all brokers now. A massive array of cryptos available to you. You can trade Crypto long or short. Now, the other beauty of that is you can trade short as well. So it's not like you're going out there and going, well, I'm going to go and buy Bitcoin now at $95,000. And I'm hoping it's going to just keep going up and up in value. But what happens if it doesn't. And it suddenly comes back to 65,000. Are you suddenly -30 grand. it's not particularly, good. fear for your heart conditions. if that happens. But the way that we trade cryptos, it's honestly, it could be the EUR/USD. It could be the USD/JPY. It could be Bitcoin, it could be Polkadot. It does not matter. And the beauty of that is we're looking at the same charts. We're looking at the same patterns to trade. We're still looking at support and resistance levels, round numbers. you know previous highs and lows, all that type of thing. Trendline breaks, divergence. All the things that we look at and the charts behind me here. It could be like I said it could be Bitcoin. That could be EUR/USD. It does not matter. And the ability to trade both long and short and have your controlled and low risk is to me the key of all of this. Taking advantage of the big moves in Crypto. And obviously there have been some big moves. Yes. Fantastic. And you know, you can take advantage of those big moves, but you're not in the investing, you know, tens of thousands of dollars in one thing.

Why the US Election Results Matter for Forex 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 Watch Prop Firm Masterclass #568: Why the US Election Results Matter for Forex Traders In this video: 00:24 – Trump wins the US Election with a massive win. 00:53 – Quiet price action leading up to the election. 01:40 – W1 and Shorter time frame chart trades   02:02 – Selling Silver on the W1 charts. 03:09 – Metals dropped after the election result. 04:17 – The charts tell us what was going to happen with the election. 04:39 - My 17 minutes Masterclass and Book a Call. 05:18 – Blueberry Markets as a Forex Broker. 08:02 – Comments, Like & Subscribe. I want to talk about the US election results and why I'm a technical trader. Let's talk about those topics and more right now. Hey there, Traders! Andrew Mitchem here, the owner of the Forex Trading Coach with video and podcast number 568. Trump wins the US Election with a massive win. So we've just had the results of the US election. This week has been a really good result. It's been a positive result. there's not going to be any indecision in the market now. we're not going to get any delay in the result. We're not going to get any court action and recounts and all that type of thing. So from the markets point of view, it's been a great result. And it's been a good, strong, decisive, positive result. And that's what the market needs and was looking for. Quiet price action leading up to the election. Now leading up to the US election, we've had a, like a quite a quiet couple of weeks, especially on the daily charts. And we've had that indecision and not really too much happening leading up to say, last week. And then the end of last week, we had the US monthly job news, and then the beginning of this week is all being quiet leading up to the election. Then, of course, you don't want to be trading on the election day with potentially, you know, big moves or spreads widening and then we finally got the result and things are likely to now settle down again. So it's been a really interesting couple of weeks. You see the daily charts have been and the slightly longer timeframe charts like the 12 hours have been a little bit more indecisive. Not much happening there. W1 and Shorter time frame chart trades   However you take it out to bigger picture and the weekly charts. We've had some great results and then the shorter timeframe charts between, say, like the two and six hour charts, two, three, four, six hour charts. We've seen some great results as well. So it's really interesting that as a trader, you have to trade what the market's giving you at the time. Selling Silver on the W1 charts. And an example would be, we've taken a couple of, sell trades on silver at the beginning of this week. So we're talking, you know, like three days before the election results, we saw that XAG/USD and also, XAG/EUR were both dropping based off the weekly charts. And so we took sell trades on both of those. We suggested to our clients, we took sell trades or, they should, look at some sell trades as well. And we've profited from those trades. Now, as a technical trader, I was into those trades on Monday my time or Sunday from the US. at the beginning of the week. and so the charts were telling us from a technical point of view that Silver was going to drop. Now, how far it goes from now. I don't really worry because I'm out of the trade for full profit. and now we're looking for maybe another trade potentially might move back up again next week. Who knows. But we saw at the beginning of this week, before the fundamental results, we saw on the technicals that the silver was falling. We entered the trade. We've hit the profit target. Metals dropped after the election result.

How to Know If Forex Trading Is Right for You  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 Watch Prop Firm Masterclass #567: How to Know If Forex Trading Is Right for You In this video: 00:20 – Is trading for everybody? 01:41 – Some people are just lazy. 03:20 – You need to be willing to work at trading.   03:51 – Trading and Painting. 04:30 – Want to join us – Book a Call first. 04:58 - My 17 minutes Masterclass. 05:05 – Blueberry Markets as a Forex Broker. Is trading for everybody? Let's talk about that really important topic and more right now. Is trading for everybody? Hey there, Traders! Andrew Mitchem here at the Forex Trading Coach with video and podcast number 567. Now, I've had a few interesting chats this week and I want to bring this to your attention and really want to say, look, is trading for everybody. the answer is absolutely not. And as a result of what I've experienced this week, I want to explain why I'm saying it's not for everybody. I received a call a few days ago from someone who lives here in New Zealand. He's not a New Zealander. Believe he's living here right now. And I had some doubts when I heard the conversation, and I ended up saying, look, I don't think you should do this. I don't think trading is for you. And certainly we're not a good match. he was, you know, it was all a little bit desperate, needing the money, potentially saying there was health issues. whether there was or not, I don't know, but, you know, it was quite a sob story, and I've only got $300, and I heard it all, and I go, you know, I've heard this so many times over 20 years of trading and teaching. This is not for you. You know, you're not in a position mentally, potentially physically, financially to do this. And if you jump on board, it's going to end badly because people like that, desperate for money, they're not willing to put the time in. Some people are just lazy. You know, people can be very lazy, you know, so they just want a copy. In fact, I did say to him, look, you should probably just go and buy yourself a monthly subscription to a signal service, because I don't think that you're the type of person that's going to be putting in the time, the effort, the commitment, to learn and now, important to note that just because you may not have, money today, that doesn't matter. The thing that we're doing is we're, teaching people how to trade properly, but you still need to put that time commitment effort into wanting to learn how to do it. If you can trade. You can trade on demo. You can trade on small live accounts. You can go through the prop firms, you know, there's so many different ways to be successful without needing the funds to date. Now, sure, if you come on board with us, you need some funds to invest in the coaching. You know, we're not at the giving, our time, our knowledge, our expertise. you know, just for peanuts. You know, we're posting trades every day without fail. We've done this since 2010. We're on webinars, forums, all those type of things and a proven strategy. So, yes, there has to be, you know, an upfront fee to do that. You know, we are not a charity. Let's be let's be clear about this. But when we have good successful traders, you will make your investment batches countless times over. And yeah, that knowledge, for the rest of your life. But coming back to this individual person just wasn't going to be him, you know, it wasn't going to work. And so the question comes, should everybody trade? Absolutely not. You need to be willing to work at trading.   You know, you've got to still put the time, the effort, the commitment, the willing to have ups and downs in the market. You know, if you come on board and you go, oh look I'm not making money after one month. Well that's because you're learning. You know,

How to Trade Without Following the Major Trading Sessions 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 Watch Prop Firm Masterclass #566: How to Trade Without Following the Major Trading Sessions In this video: 00:26 – Which trading Session should you look at? 01:13 – I used to be up all hours of the nigh trading the US session. 02:53 – Profitable US30 and Natural Gas trades.   04:25 – Trade on the close of a candle. 05:30 - My 17 minutes Masterclass and Book a Call. 05:58 – Blueberry Markets as a Forex Broker. 06:26 – Comments, Like & Subscribe. Should you trade the European and US Trading Sessions in order to be a successful forex trader? Let's talk about that a more. Right now. Hey there, Traders! This is Andrew Mitchem here at the Forex Trading Coach for video and podcast number 566. Which trading Session should you look at? Today I want to talk about trading sessions. A lot of people get confused and get this completely wrong. And they think that in order to be a successful trader, whether it be forex or metals or indices, whatever it might be, they think that they should trade what we call the trading sessions. Now the Asian trading session was just based around Tokyo. Then we have the London and kind of that into European trading sessions and then the US trading sessions. And they tend to be the times when this the most activity within the market. And people get very confused and they think, well, I should only be trading the London trading session or I should only be trading the US session, or make sure I try and trade both of them, and it's something that you do not have to do. I used to be up all hours of the nigh trading the US session. Now, admittedly, when I started to trade, I thought that's what you had to do as well because that's what people tell you you should do. But quite often in life, with most things and people tell you you've got to do this. The reality is that there's a far better way of doing it by ignoring what they say. And there's no better example than that. Then for me, living here in New Zealand, the London session is in our evening into our night time, and the US session is the very early hours of the morning. Utterly impossible and unrealistic. Impractical to trade. And just this week I've taken trades on the US30 and also on natural gas. Now the US30, especially being in a US index. Traditionally, I would have thought, well, that means I have to be up at 2:00 in the morning to trade when the US markets are open and when natural gas, slightly less of a, an issue, but again, not a main forex what you call like a mainstream forex pair because it's a gas and the metals, the gases, and the indices and a lot of the commodities as well tend to be based more around the US time of day. Not particularly useful when you live on this side of the world. But really this applies to wherever you live in the world. If you're living in, Europe, let's say you got, well, I can't trade the London morning session because I'm at work. you may be in the US and go, well, I can't trade the London trading session because it's like 4:00 in the morning for me. And so it doesn't matter where you live in the world, the same concept applies. Profitable US30 and Natural Gas trades.     The thing is, with trades like the US30 that I took this week, and by the way, it was a very profitable trade. We had a 3.2 to 1 reward to risk on that, and we also had a 2.8 to 1 reward to risk on the natural gas, both for profitable. So great results. the point being is I took both of those two trades based off the daily charts, and I took them at the close of the day, which is 5 p.m. New York time. Now, the great thing is, when you understand, close of charts, close a day charts and the close of a time friend chart.

Why Trading Multiple Time Frames Boosts Your Forex 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 Watch Prop Firm Masterclass #565: Why Trading Multiple Time Frames Boosts Your Forex Success In this video: 00:22 – What is the best time frame chart to trade? 01:01 – It depends on how you like to trade. 01:57 – What is the market doing?   02:35 – My preferred times of day to trade. 03:20 – My trading time frames this week. 05:52 – Ideally trade a blend of different time frame charts. 07:10 - My 17 minutes Masterclass and Book a Call. 07:21 – Blueberry Markets as a Forex Broker. 08:02 – Comments, Like & Subscribe. What's the best time frame chart that you should trade as a forex trader? Let's talk about that a more. Right now. Like. Hey there, Traders! Andrew here at the Forex Trading Coach with video on podcast number 565. What is the best time frame chart to trade? Want to talk about a really important topic about different time frame charts. What is the best time frame chart to trade? It's a an issue that so many people struggle with because they get confused when they look at different charts. And as an example, they may look at a daily chart and it looks like, let's say the EUR/USD is moving up. And then they go to a one hour chart and it looks like it's moving down and they don't know what to do. You get that analysis paralysis. Which one's better, which one's more reliable. Which one should I be trading. And I quite often get asked hey Andrew, what's the best time frame if I just had to choose one? What is the best? It depends on how you like to trade. Now, unfortunately, there is no one best time frame chart. So really depends on you as a person and as a trader. You see, if you're the sort of person that wants to sit there for 2 or 3 hours a day studying the shorter time frame charts, almost certainly taking a trade of some inscription then probably the shorter time frame charts are for you. However, on the other hand, if you like to do other things and you want to trade, say just monthlies and weeklies and possibly dailies and you like those longer time frame charts, then that's what you should be focusing on. But also for me as a trader, I think the important thing is to have a balance of both, because a lot of it comes down to not what you want to do or can do. What I want to do or can do. It's just it comes down to the market conditions at the time, and that's the real important factor. What is the market doing?   What is the market going to give us today or this week for this month? That is going to give us a high probability chance of success. And that's why for me, the answer to what is the best time frame to chart to trade is it depends. And also you should look at multiple time frame charts. Now, I'm not saying you need to be there staring at your charts for like hours and hours a day. Far from it. You need to be smart about this, and you can trade multiple time frame charts looking for the highest quality setup by just looking at charts, just like, say, once or twice a day. My preferred times of day to trade. Now, if I had to pick one time of the day, that would be my preferred time. It would be at the close of the trading day, which is 5 p.m. New York time. Now that is when we analyze the markets and we post our daily chart trade suggestions, but also at that time we scan through the markets and look at 12 hours, eight hours and six hours because they close at the same time. At the beginning of the week, you can look at the weekly charts. Beginning of the month you will look at the monthly charts. If I had to pick another time, it would be 5 a.m. Eastern Standard Time, New York time, because that's into the European session. The 12 hours change over so as the 6,4,3,2,1 hour charts,

Why 90% Win Rate Systems Are Dangerous for Forex 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 Watch Prop Firm Masterclass #564: Why 90% Win Rate Systems Are Dangerous for Forex Traders In this video: 00:26 – Do you want a 90% win rate system? 01:48 – A traders comment about a high win rate strategy. 03:15 – Focus on the quality trades.   05:05 – My 17 minutes Masterclass and Book a Call. 05:15 – Blueberry Markets as a Forex Broker. 05:55 – Comments, Like & Subscribe. As a Trader. Someone gave you a system that had a 90% win rate. I bet you'd want to trade it. The reality is, you should not trade a 90% win rate system. I'm going to explain why right now. Hey there, Traders! It's Andrew Mitchem at The Forex Trading Coach with video and podcast number 564. Do you want a 90% win rate system? So you heard me right. If I said to you, hey, I'm sure you love my system, that's got a 90% win rate, I. But you're going to make lots of money and you get. Yes. Please give it to me. The reality is that you're probably not going to make money off of a system like that. Now, if you've been following me for any length of time, you'd know the story I told a real true story from a few years ago where someone came to me with a 90% win rate system, and they were very excited and it all looked really good. The problem was that they were losing lots of money because their focus was on win rate. They were having, let's say, out of ten trades, they were having nine out of ten trades hit their profit target, hence a 90% win rate system. But the trouble is they were making lots of small little gains. And every 1 in 10 trades had a massive loss that wiped out all their gains, plus lots more. And so that becomes the, the reality of it. You know, you've got to be very careful with win rate. Don't put all your focus into that because you'll end up not doing, you know, what you should be doing, which is looking at things like control, risk, high reward to risk, looking at what the market's doing at the time, looking at the pair you trading, the current conditions, all those type of things that mean that there are so much more to having a successful trading system than simply having a high win rate. High win rate is not necessarily good and in most cases is not good at all. A traders comment about a high win rate strategy. And this issue resurfaced just yesterday when I had someone come to me with something very similar to this. And I just need a high win rate system because that's going to make me feel better and and it's going to make me trade better. And I tried to explain to them, look, the end of the day, you've got to make money out of your trading. That's the important thing isn't it? So why not focus on making money and doing it trading properly, than just being completely glued and fixated on this one thing? Because you find that with the people with 90% win rates, they do these crazy things like having there reward to risk run the wrong way, or have very structured and rigid, profits and stops which generally are not in their favor, as in they may have, let's say that pluck some figured that this guy, you know, a 50 pips stop loss and a 20 profit target. Now, if you know the way I trade, we never talk pips. But unfortunately, the people with the high win rate systems do. And so that's their issue is they keep getting stopped out. And that reward to risk is not good. Or they'll do something like they'll have, a ten pip profit target and 110 pips stop loss. And you know, nine out of ten trades go well. You're one big one loses. And so having their focus around the wrong way is something that they don't realize until they trade live. And they see that this 90% win rate system does not work Focus on the quality trades.   For me,

How to Capitalize on Q4 Forex Market Trends  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 Watch Prop Firm Masterclass #563:How to Capitalize on Q4 Forex Market Trends In this video: 00:30 – Great trading conditions ahead. 01:06 – How has your trading been this year so far? 01:58 – What do you need to change?   03:12 – Book a call to talk with Paul Tillman. 04:07 – A link to our booking calendar. 04:28 – Join my free Masterclass 04:42 – Blueberry Markets as a Forex Broker. 05:58 - Comments, Like & Subscribe. 06:15 – Finish the year strongly How's your trading year been so far in 2024? We've got just three months left of the year that generally good trading months. What are you going to do to make sure you have a great final quarter of this year? Let's get into that a more right now. Hi there, Traders! It's Andrew Mitchem here at The Forex Trading Coach with video and podcast number 563. Great trading conditions ahead. What has happened to this year? It is just absolutely flowing past. I know we say it every year, but this one seems to be even quicker. We're now into the last quarter of the year. We've been through that northern hemisphere summer time with July and August are sometimes a little bit tricky to trade. And now we're into the last quarter. I think we're going to get some very favorable trading conditions because of all the events happening in the world. And generally October, November, December give us very good trading conditions, and that's what we need is traders. We need movement, we need volatility and we need to take advantage of that. How has your trading been this year so far? So my question to you is this how are you trading been so far this year. We've been trading since January. We're now into October. How has that first nine months of the year been? Has it been like pretty ordinary, pretty average for you? Is it been really good? If it's not been great, what are you going to do to make sure that you finish the year with better and improved results? What is it that you're going to do? Have you not met your trading goals? What needs changing? Have a think about that, because honestly, I think that October, November, December, the conditions generally are good. I think with everything happening in the world, we're going to get we're going to see some good market movement. And it doesn't matter where we're on the currencies or the metals indices, cryptos, the commodities, I just see great conditions. So let's take advantage of that together. Make sure that you are doing everything you can to, take advantage of the end of the year in these great conditions. What do you need to change?   But it really also, I think, is important that we reflect so far that we're three quarters of the way through the year. What needs changing from your point of view if you're trading has not been quite as good? What do you need help with? What do you need to change do differently? Because let's face it, we continue doing the same old thing. Guess what? The next quarter is going to be the same old thing, and you're going to get to the end of the year and you're going to be disappointed. so I think it's really important that they take advantage of these likely good conditions, but maybe change something in your trading if we can help. Let me know. let us know. Leave a comment. ask questions because we're all about helping traders worldwide. On our course, we have clients in 108 countries. You know, we're a global community about helping people. So I think it's really important that you reach out and ask questions. And even if it's like other topics you'd like me to talk about and discuss on these videos and podcasts, I'm more than happy to do that because we want successful forex traders. But also if you're out there and you go, look,

How Live Sessions Can Transform Your Trading  Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Watch Prop Firm Masterclass #562: How Live Sessions Can Transform Your Trading In this video: 00:27 – You need someone to show you how to trade. 01:23 – We trade and post in real time. 01:52 – Live webinar trades make +2.1% gain.   04:10 – This is invaluable information. 05:37 – My 17 minutes Masterclass and Book a Call. 05:56 – Blueberry Markets as a Forex Broker. 06:13 – Comments, Like & Subscribe. I'm going to explain this week why live trading room webinars work and how they can massively help you with your trading success. So let's talk about that a more right in that. Hi there, Traders! Andrew Mitchem here at the Forex Trading Coach with video and podcast number 562. You need someone to show you how to trade. Now different ways of learning how to do anything. whether it's trading or for me doing karate or learning to fly a helicopter or a guitar, whatever it is, you need someone to help you and to show you and to be able to refine things and trading's exactly the same. You see, you can go online and you can look on YouTube in different places and you can have video course just like our one, and you can go through and read things and see some videos, and that's all well and fine. But the trouble is in trading is to make any money in trading, you have to have the ability to do this in real time. You know, it's all well and good looking through some books and seeing some waves and retracements. And we did this at this point and look at this massive trend and you know, and there's so many videos and I see with millions and millions of hits on YouTube, but all they're doing is showing you with hindsight what happened. We trade and post in real time. And the reason that we do so well, as do our clients, is we do everything in real time. We're not about hindsight. We post our trades every day for people to follow in real time. We put our trades on our forum site on the shorter time frame charts in real time, and every week we hold a live two hour trading room webinar one weeks in the European session with myself. The following week is in the US session with Paul Tillman, who lives in the US. Live webinar trades make +2.1% gain.   And yesterday I held a live European session, webinars, a two hour session where all our clients can jump on to, they all get recorded as well. So if you cannot attend live, you can go and watch the recording. And by the way, we have all the recordings dating back to 2010 on our website. So vast amount of very valuable information now on the webinars. The beauty of them is they are live. There's no like cherry picking the hand, picking the best trades. you know, we're talking about trades, we're discussing trade set ups, etc. live in real time. And obviously no one knows the result of what we are saying, we are taking. Now on yesterday's session at the end of the webinar, which ended at 5 a.m. Eastern Standard Time, which is in the European session, we took some trades and I posted and took three trades in front of our clients. We had a EUR/GBP 6 hour chart trade sell. Which had a beautiful retracement and hit the profit target, both positions hitting the profit target. We had a Netherlands 25, the index 2 hour charts trade one position got filled and it was stopped out. And we had a, two hour trade on the gold against the Australian dollar. Both positions got filled and hit their profit targets. Now the EUR/GBP made a 2.7 to 1 reward to risk a 1.35% gain. the Netherlands 25 lost a quarter of 1% because it was stopped out and the XAU/AUD had a 2 to 1 reward to risk or 1% gain. That gave us with only a half percent (0.5%) risk per trade total split over two positions. That gave us a net gain of 2.1% on our account. So 2.

Why Every Trader Should Consider Using Limit Orders  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 Watch Prop Firm Masterclass #561: Why Every Trader Should Consider Using Limit Orders In this video: 00:24 – How to best enter a new trade. 01:11 – I mostly use Limit Orders. 02:17 – The benefit of using Limit Orders.    03:53 – Other things which add to a trade setup. 05:00 – My 17 minutes Masterclass and Book a Call. 05:30 – Blueberry Markets as a Forex Broker. 06:01 – Comments, Like & Subscribe. What's the best way to enter a new trade to make sure that you get the best possible outcome? Let's discuss that really important topic and more. Right now. Hi there, Traders! Andrew Mitchem here, the owner of the Forex Trading Coach with video and podcast number 561. How to best enter a new trade. Today I want to talk about how you can enter a new trade and how you can get the most out of your trade by doing a few clever things. So there are a couple of options that we have, or three really. you can enter what's called a market order, which means you jump into the trade straight away, and it's what most people do. or you can use a stop order. And for a stop order, it means on a buy trade, you're buying above the current price. And for a sell trade, it means you're selling below the current price. Or you can use a limit order or a retracement order. And a limit order means on a buy limit. It means that you're buying below the current price. And on a sell trade, it means you're selling above the current price. I mostly use Limit Orders. Now, I'm a big fan of limit orders, and this how I place the vast majority of my trades. And the reason I do that is because I know that the market is not a straight line. You have a look at most charts and most markets and most timeframes, and you'll never see, a perfect straight line. You will never see a candle close and the next one just open and go in the perfect direction. Most times you will find there will be some form of upper or low wick on a candle, and there will be some form of, movement. Let's say the market's moving upwards. and a candle opens most times within that candle's, formation. Let's say it's either H4 chart or our daily chart or whatever it is. Most of the time it will go up, it will come back, it will go up again, maybe come back again, and then finally go up. so you get retracements all of the time in pretty much every market and every time frame. The benefit of using Limit Orders.    And so by using limit orders, what it does is it means we get in at a better price. It means that we, on a buy trade, we see the market at a certain level. That means we have buying if it pulls back to a lower price first, and if the market then heads turns around and heads in our anticipated direction, by the time it gets to where the candle opened, you're already in good, positive territory. And by the time it gets to a profit target, you've made really good money. Now, what that does is it drastically improves the reward to risk that you get out of your trades. So go and have a look at any chart and you have a look at let's say you imagined, you took a trade at the market as soon as the next candle opens. And then you have a look at how much you're going to make in terms of your stop loss, your profit target, and the reward to risk from that trade. And then do the same thing again with that same setup. Go, okay. But if it's moving up and it's buying, what happens if I bought below the current price and I'm first, looking for the market to pull back now of course, for the limit order, you're not sat there waiting for all this to happen. You're just simply saying I'm putting a buy limiting at this price. And if the price pulls back, it gets you filled and then hopefully moves up in your anticipated direction.

What Makes a Forex Trader Successful? Top 5 Traits  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 Watch Prop Firm Masterclass #560: What Makes a Forex Trader Successful? Top 5 Traits In this video: 00:32 – My Top 5 Traits I see in profitable Forex traders. 01:22 – #1 They know and understand their strategy. 02:24 – #2 They understand money management and risk.    04:25 – #3 They are dedicated traders. 05:54 - #4 They remove emotion from their trading.  07:17 - #5 Don’t reinvent the trading wheel but be adaptable.  08:54 – My 17 minutes Masterclass and Book a Call. 09:21 – Blueberry Markets as a Forex Broker. I'm going to give you my top five traits of what it takes to become a successful, profitable and independent forex trader. So if you're not yet profitable, you need to listen to these five traits and adapt them and adopt them as part of your trading plan. Let's get into that a more right now. Hey there, Traders! It's Andrew Mitchem here, the owner of the Forex Trading Coach. For video on podcast number 560. My Top 5 Traits I see in profitable Forex traders. So today I want to give you my top five traits of where I see, profitable forex traders what it takes to become a profitable trader but also independent profitable forex trader. you know, without copying and following other people all of the time. Now of course, when people are new, it's great to be able to do that. But over time, you want to be able to do this for yourself without the reliance on another website or another person. And that's what I call a successful trader. Now, I've been trading the forex market for over 20 years full time, and I've been coaching for over 15 years. We've got clients in 108 countries right now. So I've got a fair bit of experience and I've seen all sorts of different types of people come and go, and I know what it takes to become a successful trader. #1 They know and understand their strategy. So first thing is, number one trait of a successful and profitable trader is they know their strategy there now inside out, upside down. Now they may have created it. like I did. They may have purchased it like you can do for us at The Forex Trading Coach. a proven strategy, however it happens. They know and understand that strategy. They know it completely. They know the ups and downs of it. They know all the details, but it allows them to trade with confidence, knowing that that strategy has been proven over time. And so having that complete confidence and faith in what they're doing is absolutely crucial. You wouldn't believe how many people I get come to me that have got these strategies. And I asked him a question and they don't know the answer about it because they don't really know what it is they're looking for. And so the number one trait, you have to have a strategy that suits you as a person and as a trader and your available times, etc.. That's been proven over, you know, a long period of time to work across multiple market conditions and changing conditions. So number one, confidence and ability to trade your strategy is absolutely crucial. #2 They understand money management and risk.    Number two, you have to understand money management risk management. You have to trade with low risk per trade. Forget about pips like people that make x number of pips or risk x number of pips per trade. It's never going to work. You have to understand the market and you have to, trade with a stop loss. That's, correct. For that time frame of the chart, the movement in the market right now, the pair that you're trading, etc.. So when you have a trade. For me, every trade I take has a very low equal. It's a predefined risk level as a percentage of my account. And so whether my account $1,000, $100,000 or I'm trading our prop firm with half of million, it does not matter. I trade the trade.

How to Fast Track Your Forex 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 Watch Prop Firm Masterclass #559: How to Fast Track Your Forex Trading Success In this video: 00:28 – It took me 4 years to become a profitable trader. 02:00 – We post specific trades every day based on the Daily charts. 04:52 – W1 and MN1 chart trades.    05:18 – Live weekly webinars and our Forum site. 07:02 – My 17 minutes Masterclass and Book a Call. 07:14 – Blueberry Markets as a Forex Broker. 07:36 – Comments, Like & Subscribe. Would you like to fast track the amount of time it's going to take you to become a successful and profitable forex trader? If you want to shortcut your time, listen up. I've got some great tips for you coming up right now. Hey there, Traders! Tt's Andrew Mitchem here at The Forex Trading Coach with video and podcast number 559. It took me 4 years to become a profitable trader. Now some of you may already know my story. If you don't. Back when I started trading, it took me around four years to become what I would call a profitable trader. That's a very long time. Lots of long hours staring at the charts, lots of reading information, lots of buying different products and following people and, you know, in the early days of expert advisors and, automated systems and creating my own and creating my own manual systems and following all sorts of people. Anyway, as you know, it's a slow, long, tedious and expensive process, and all you're doing is tearing your hair out because you know that really the next greatest latest thing. Fantastic. Yes. And then it doesn't work. And I went riding around, around on the old hamster wheel for four years before I realized I needed to make this work. And I sort of stripped everything off my charts. And I started to look at price action and candle patterns and and basically developed my own strategy. Yes, I pulled a few things here and there from other people that I followed. but I basically developed something that worked for me. And to this day, I'm still using that exact same trading strategy, and it's very profitable. And over 15 years of teaching at The Forex Trading Coach, we've helped thousands of thousands of traders from now 108 countries. So, it works. I think it's worked across all market conditions and over all that length of time. So that's a great thing. We post specific trades every day based on the Daily charts. Now to help people that come on board with us, one of the things that we do here at The Forex Trading Coach is we post specific trades each day based off the daily charts. I've done this every trading day since 2010, like we stop for Christmas and Easter, things like that. But apart from that, we post specific trades every single day. We look at the daily charts when they change over, which is 5 p.m. Eastern Standard Time. That's New York time. And we then analyze the charts and we scan through all the daily charts. I mean, originally it was just a forex markets. Now we look through the metals and the indices and cryptos etc. as well. And we go through and we analyze the markets and we take trades based off those daily charts. Now each day there are no day, there are no trades, but most days they're sort of between one and maybe 4 or 5 trades. Today, for example, is just one. But it's non-farm payrolls day in America on Friday. So very cautious of what we're trading today. But we scan through the charts, we look at the patterns that we're looking for and we say, here's a trade. And we're saying here's the currency pair, that we're trading, the direction we're trading. And then a paragraph of reasons why 4 or 5 lines of why we are taking that trade based off all the things that we we know and we teach as part of the strategy, we also put the exact entry and exit levels that we're taking.

Drinking and Trading Coffee  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 Watch Prop Firm Masterclass #558: Drinking and Trading Coffee In this video: 00:26 – The price of our morning coffee. 01:08 – We can now trade these commodity markets. 02:06 – Taking a buy trade on Orange Juice.    02:32 – Lead, Copper & Aluminium traded this week. 03:09 – Cryptos are traded 7 days a week. 03:40 – Book a Call and talk with us. 03:51 – Watch my Masterclass. 04:09 – Blueberry Markets as a Forex Broker. 04:23 – Comments, Like & Subscribe. How do you know when the price of your morning coffee is going to increase? Well, as a trader, we can help you to predict that. But more importantly, also how to trade coffee. Let's get into that a more right now. Hey there, Traders! Andrew Mitchem here at the Forex Trading Coach video and podcast number 558. The price of our morning coffee. I want to talk about coffee. How do you know when the price is going up? Because it affects us all every morning when we have a coffee. Well, the obvious answer to me as a trader is to look at your charts. When the beauty is over the last number of years that not only have we been able to trade more and more forex pairs, but we've been able to trade other markets such as like commodities and coffee. So the coffees that I have available on my MT5 platform, there are two of them. There are COFARA, which is the Arabica Coffee, and the COFROB which is the robusta coffee. And we can also trade sugar and raw sugar as well. So all these things combined to see if they're moving up. The likely hood is the price of your coffee is going to go up isn't it. We can now trade these commodity markets. But more importantly for me as a trader is I can now trade these markets. And the beauty of the way that I trade and the way that we teach, is that the strategy works equally as well across these other non forex markets, just as well as it does trading the EUR/USD or the GBP/USD or the AUD/JPY, we can trade the coffee markets, the sugar markets exactly the same. So that gives us more and more ability to look for the patterns that we're looking for on various charts. Now I would say one thing that with a lot of those markets, like the coffee trades, is that they don't all, have a 24 hour market. So they do need to be careful of that. And some of them, due to the nature of, their market hours. And when they open, they can have some gaps. So you do need to be careful of that. They're not quite as, perfectly formed as candle patterns. Then when you get on the forex markets. Taking a buy trade on Orange Juice.    But just today, being Friday, the, 30th of, August when I'm recording this video on podcast for you, I've taken a trade on orange juice. Now, when the market opens, I'll be taking a by trade on OJ. So you can go and have a look at that on your daily charts. Now, if there's a large gap up or down, then the trade becomes invalid. But right now is a candle pattern for me. Orange juice looks fantastic. Lead, Copper & Aluminium traded this week. Just this week I've taken trades on different time frame charts, on lead, on copper, on aluminum or aluminum if you're in the US. On different markets like that. And so we have the ability to trade those commodities, those metals. we've got a client of ours to incredibly well trading the NASDAQ on the one and five minute charts. I don't think it's for everybody, but it just works for him. And he's doing incredibly well and posting trades on our forum site on that. we can trade other markets such as the indices and the commodities. Now the great and the cryptos, I should say. Cryptos are traded 7 days a week. And the great thing is with the cryptos is they are seven days a week. So you don't get those big gaps that you can sometimes get in the comm...

Why you should never risk ‘x’ number of pips per trade  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 Watch Prop Firm Masterclass Click Here to Download my Lot Size Calculator #557: Why you should never risk ‘x’ number of pips per trade In this video: 00:30 – Every trade you take should have the same percentage risk. 01:49 – Use my lot size calculator. 03:20 – Your losses are equal on every trade.    04:17 – Compounding on your gains. 05:10 – A 90% winning trader who loses money. 06:05 – View my Masterclass. 06:24 – Book a call to chat with us. 06:32 – Blueberry Markets as a Forex Broker. Today, I'm going to explain why every trade that you take should have an equal percentage risk of your account. It's really important you get this right and it will massively help improve your trading performance. So let's get into that a more right now. Hey traders! Andrew Mitchem here at The Forex Trading Coach. with video on podcast number 557. Every trade you take should have the same percentage risk. So today I'm going to explain to you why every single trade that you take, regardless of the currency pair or the direction or even the market or what time frame you take the trade on and what the size of stop losses. It doesn't matter. Every single trade that you take should have the same risk. It's really important to do that and not many people understand why. So let me explain more. You see, when it comes to risk, a lot of people think that they should risk x number of pips per trade. Downside of course, to that is a pip is meaningless. It doesn't mean anything at all. It depends on what time frame trade you're on. you know, you could have a, you know, huge stop loss in terms of pips on a weekly chart and very small on a five minute chart, for example. And the danger that is people go, I can't trade a weekly chart because I need to take too much risk. The other type of trader out there will say, I'm going to put one standard loss on, or 0.5 or 0 point 1 or 0.01, whatever it is, depending on the size of your account. And you do that on every single trade. But of course, if you understand trading, you realize that each currency pair, if we're talking forex, pays a different amount per pip of movement depending on what, the pair is and what your own account denomination is. As well. So there's flaws to both sides of those. Use my lot size calculator. If you use my lot size calculator and I'm going to put a link to it if you don't already have it, it's available free of charge. It's on MT4 or MT5 is a trading script. All you do is you download that, put that on to your trading platform. Simple to use. You literally can do it in like 10 seconds. Drag the script on to the chart you are wanting to trade. The script will know what that currency pair is or what that market is. It also knows the balance of your trading account, and it also knows what your account denomination is in what currency it's in. It could be New Zealand dollars or US dollars, a euro, yen, whatever it is that you are trading on your account. So it's a very clever, simple script. You literally drag it onto the chart. You enter the size of the Stoploss and Pepsi, delete it. Just quickly calculate that it's real easy to do of each trade that you take, and the risk that you're taking, it's defaulted to half a 1% risk. That's what I suggest you do. But you can change that around a quarter percent, 2%, whatever it is you want. But you literally drag the script on. You enter the stop loss of the of the trade. You say it's like 55 pips, you've got a 0.5% risk. Press okay. And it will tell you the lot size needed on that particular trade. So if you're trading that currency, pair with a 55 pip stop loss on your account and the trade goes against you, you will lose in this case half of 1% of your account.

How to Read the Forex Charts 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 Watch Prop Firm Masterclass Click Here to Check Out Other Recommended Brokers #556: How to Read the Forex Charts like a Pro In this video: 00:29 – How to look at your charts and understand what is happening. 00:46 – Brokers offer too many flashy indicators. 01:31 – The problem.   03:15 – Which time frame chart to use. 03:47 – 10 Daily trades taken today. 04:42 – Blueberry Markets as a Forex Broker. 04:52 – Masterclass and book a call with us. 05:19 – Comments, Like & Subscribe. 05:26 – Summary. In today's video and podcast, I'm going to give you some helpful information and tips on how you can best read the Forex Charts. To help you to profit in your trading. Unfortunately, most people get this wrong, so listen up. It's going to be a good one. Hey there, Traders! Andrew Mitchem here at The Forex Trading Coach for video on podcast number 556. How to look at your charts and understand what is happening. Today, I'm going to give you some helpful tips and information to help you to look at your charts to understand what it is that you're looking at, what time frame you're looking at, what pair you're looking at, what's happening in the market, the price and which way it's likely to move too, and why and how you can profit from that. Brokers offer too many flashy indicators. You see, when most people start trading, they jump on to their charts. The brokers are fantastic at offering you lots of indicators, lots of arrows, dot, lines, diamonds, stars, whatever it might be. And people get completely and utterly confused by that. They also get very excited by that as well. And I know when I started some 20 years ago, I did exactly the same. I don't blame anybody for doing it. We all go through the same process. It's just that my aim as a coach is to help shortcut that for you and take away a lot of that that time wasting and money, losses and frustration that you'll inevitably have otherwise. Because I've been there and done it and I've taught thousands of people have also been there and they're doing it. The problem.   And now the problem is, is when you put arrows and lines and indicators on your chart, it hides what's really happening in the market and it takes your mindset away from what's really happening and how many of you never look at the price. I bet it's I bet you're nodding and going, Yep. Andrew, That's me. I never look at the price. Well, you should. You've got to look at the right hand side axis on your chart and look at what's actually happening in the market right now where the price of that currency or commodity, metal, whatever it is that you're trading is at right now, what is the actual price? And that level can be massively important to help you either to get into a trade and has some stop loss protection or to get out of a trade or to say, well, this is actually quite a nice set up, but the price is telling me this is not a actually a good enough trade to justify placing money on. You've got to look at what's happened in the in the past with the price as well. And and where like I use candle patterns to help determine what's happening in the market. Candles are fantastic because they're up to date information. They tell me what's happening right now. Are there more buyers in the market? Are the more sellers is there indecision? Has that candle pattern bounce to the level in the past and what happened at that point and are we getting a similar pattern right now, a same level that's going to help me to determine if there's a good enough trade. However, you can't just say, look, every pinball or engulfing bar is a new trade. You then need a lot more information than that. That's your starting point. Look at the price. Look at where it's bounce.

What has caused the large recent moves in the 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 Watch Prop Firm Masterclass Click Here to Check Out Other Recommended Brokers #555: What has caused the large recent moves in the Markets? In this video: 00:25 – Big recent moves in the markets. 01:05 – Clients are making excellent returns. 03:15 – The recent moves.   04:00 – I look at charts and remove emotion. 04:43 – Trading with the longer-term trend helps. 05:22 – Blueberry Markets as a Forex Broker. 05:27 – Join my 17 minutes Masterclass and Book a Call. 06:25 – Comments, Like & Subscribe. So what's cool is the big moves that we've seen across multiple markets over the last few weeks. Let's talk about that important topic more right now. Hey traders! it's Andrew Mitchem here at the Forex Trading Coach with video on podcast number 555. Big recent moves in the markets. Now you'd know if you've been following the forex market or many of the other markets around that over the last few weeks, we've seen some quite amazing moves. we've seen the yen strengthen. We've seen a lot of the indices crashing. We've seen a lot of the, cryptos dropping. In fact, Bitcoin in about a week or so dropped some 30% in value. And we've seen like the yen pairs with the yen been the strongest. It's been for quite some time. A lot of yen pairs like the AUD/JPY, NZD/JPY, just, you know, just dropping and it's been some quite incredible moves. Clients are making excellent returns. Now, if you've been following my recent videos and podcasts, you've noticed that last week I talked about Hamish, a client of asset made an amazing 53%, return on a live account in the month of July. And the week prior to that, I talked about how we made a 13.2% account gain. Now, a lot of that was, placing some daily and weekly and monthly charts. so we saw all of this coming in advance. And if you go back and look at what I talked about a few months ago, if we're looking at monthly charts and then also some weekly charts, we saw this happening on the charts. So it comes as no surprise, to us whatsoever that these moves have happened. Now, I did a podcast, with a trading battle group a few months ago, about three months ago. And I said that the likes of Ethereum, I was looking for a longer term to be dropping and also Bitcoin. That's exactly what we've seen. So how did I know that back then when I looked at the longer time frame charts and we use our analysis to suggest that this is where it's tipping over and this is likely where it's moving to and, and why we don't always know when and how quickly it's going to get there. But we know quite likely it's going to move in this direction, is likely to move to that area. Now, that information to have in the back in mind as a specific trade or just in terms of general information is absolutely crucial as a trader. And so having that information, but also being able to make that assessment, don't forget when everything's moving up and up and up and up and going crazy. And with that going, it's now time to sell. We're looking for a retracement. And then looking at the price to then drop. Sometimes you feel a little bit kind of a little bit alone, a little bit there by yourself because everybody is saying its going up and up and up and where I'm going. Well everything's telling me that things are likely to drop and to go all the way down there, which at the time seems like a crazy low price when the market's doing the opposite. And that becomes the, I suppose, the importance of understanding chart patterns and looking at what's happening and why. The recent moves.   Because when it comes to what's happened in the last few weeks and the whys to that, it's like, well, a lot of that is fundamental news.

Trader makes a whopping +53% in one month  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 Watch Prop Firm Masterclass Click Here to Check Out Other Recommended Brokers #554: Trader makes a whopping +53% in one month In this video: 00:30 – Trader makes massive gains in July on his live account. 01:50 – Trades taken on various time frame charts. 02:24 – Taking his time to learn the strategy first.   03:27 – Don’t expect instant results. 04:36 – My 17 minutes Masterclass and Book a Call. 05:09 – Blueberry Markets as a Forex Broker. 05:42 – Comments, Like & Subscribe. Today I'm going to talk about a trader who has just made 53% in the month on his live account. Let's talk about that a more right now. Hey there, Traders! Andrew Mitchem here at the Forex Trading Coach with video in podcast number 554. Trader makes massive gains in July on his live account. So I want to talk about a client of ours called Hamish who, lives here in New Zealand. He joined us, some ten months ago back in September 2023. And we're now into August. Now, back in July, last month, he opened a live account with just over 5500 dollars in that account. And he's just sent me, the PDF file here from his, BlackBull the broker, a live MT5 account that he's got here. the account in U.S. dollars, he started with $5,575 was his deposit. He has gone and made, almost $3,500. Now, that represents a 63%, account gain. but on close trades, he's currently when he sent me this earlier today on 53.14% on closed trades. So he's got roughly 10% open. on or profit on open trades, but a massive 53% gain in the one month on the live account. Now that has to be, you know, a fantastic achievement. And, the profit factor, which is an important measurement, is 2.44. And his average hold of the trade is one day, 13 hours and nine minutes, according to the stats on here. Trades taken on various time frame charts. So of course, that will have some, longer time frame charts, such as maybe like a monthly chart or a lot of weekly charts that I've talked about that we've taken here at The Forex Trading Coach on the last couple videos and podcasts, if you've not seen them, go and watch number 552 and 553. Or listen, if you're on a podcast and I talk about those trades on the weekly chart. So they've helped Hamish, a lot as well. Plus we've had some very good daily chart trades and a lot of, especially 12 hour chart trades done. Incredibly well, done very, very well out of those. Taking his time to learn the strategy first.   But my point being is he joined us ten months ago. So he's taken nine months to go through, ask questions, attend the webinars, post trades on our forum site, which he does, you know, continuously ask questions and has practiced on, a demo account. And now he's completely ready. And yes, we've had a great month of trading conditions in July. Absolutely. Yes. He's probably taking a higher risk than I might personally take and said yes, but after all, it's his money, his decision. But the proof is that on close trades, he's made 53.14% in his first month on a live account with about 10%, gain running now into August on open trades. Absolutely fantastic. And see all the results here. well done. Hamish. great to see your effort on investing in yourself into the course and your time, is paying off and that again comes back to, what I talk about continuously is. Don’t expect instant results. Don't expect instant results. you know, don't expect to buy yourself your own private jet within the first 2 or 3 weeks. Take your time, do your homework, do the training, the learning. The Demo accounts more Live account. And like, where does Hamish want to take it from here? I don't know, I'm going to go and ask him. but he might have more funds to add to this. He might be on prop firm accounts.

We’ve Made a +13.2% Account Gain This Week  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 Watch Prop Firm Masterclass Click Here to Check Out Other Recommended Brokers #553: We’ve Made a +13.2% Account Gain This Week In this video: 00:30 – A +13.2% account gain in the week. 00:40 – Other investment choices. 02:32 – You should be in control of your future.   03:17 – Trading results this week. 04:35 – All trades posted on our membership site and forum site. 05:11 – Join my free Masterclass 05:32 – Blueberry Markets as a Forex Broker. 06:02 – Course details are here https://theforextradingcoach.com/online_video_coaching_forex_course/ 06:25 - Comments, Like & Subscribe. We're having a fantastic trading week with so far a 13.2% account gain. Let me share details about that, how we've done that and how we can help you to do the same. Let's get into that email right now. A +13.2% account gain in the week. Hey, the Forex traders, Andrew Mitchem here at The Forex Trading Coach with video and podcast number 553. That's right, A 13.2% account gain on one account, 3% on another account. I'm going to share details about that with you very shortly. Other investment choices. But on Wednesday, I attended my local weekly business morning breakfast group that I go to. And on that I was talking about investment choices that people have, and I was writing it to what I do here with my own trading and that the Forex trading coach where we help people to trade. And I was giving people a bit of an outline and say, look, what options do you have as an investor or to create some form of income. Now one of the obvious ones here in New Zealand and in many parts of the world is rental properties and just properties in general, whether it be housing or commercial or land, whatever it might be. The and there are many positives, of course, some of the obvious downsides right now is generally interest rates are pretty high around the world. And also it's probably a slower gain today. And also you need a large amount or most people need a large amount of debt, take it on with borrowings in order to get into any form of rental property, let's say. So pros and cons to that, like there is with everything, you know, I mentioned things like you could get into artwork and collecting things, you could get into share trading, but a lot of that, you know, you don't have leverage and you generally buy something and kind of hold and hope it goes up for a long term. So potentially there are some options there for people, but it's not that exciting for a lot of people. And you can look at fund management, and I was explaining about a fund management company that's based here in New Zealand, and they have a branch here in Nelson where I live, and I looked on their website just before going to that meeting and I looked at their five year average is under 2% gain per year on their five year rolling average. Not very exciting. So handing all your money over to someone else is also not a great option in most cases. You should be in control of your future.   And so it came down to how important is it for you to be in control and in charge of what you do with your money and to have that knowledge. So as you know, the phrase knowledge is power. And it's so true. You know, if you end up doing what most other people do, you'll end up getting what most people other people have, which a lot of people is not a lot. And so you've got to think differently. You've got to have some form of knowledge, some some power for your own choices. And knowing what to do with your funds is quite important. So it came all the way back down to how important is it for you to know this for yourself? Trading results this week. And that's where we come in a forex trading coach that give you these examples of t...

Avoiding Confusion In Your Trading  Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Watch Prop Firm Masterclass Click Here to Check Out Other Recommended Brokers #552: Avoiding Confusion In Your Trading In this video: 00:28 – Confusion with time frames and when to trade. 00:58 – Too many indicators. 01:44 – Trade the same strategy across all time frame charts. 02:06 – Trade examples from this week. 06:19 – Blueberry Markets as a Forex Broker. 06:42 – Get onto my Master Class 06:59 – Comment, Like & Subscribe. Today, I'm going to explain the importance of looking at multiple timeframe charts as a forex trader and how it can massively help increase your returns. Let's get into that more right now. Hi there, traders is Andrew Mitchem here at the Forex Trading Coach with video and podcast number 552. Confusion with time frames and when to trade. I find a lot of people come to me before they join as a client and they say, Look, I'm just confused. I don't know what to trade, when to look at my charts. I don't know what timeframes to look at. I could look at like a daily chart and it's telling me the EUR/USD is going down. I look at a one hour chart and the EUR/USD is going up. I completely lost. I don't know what to do and I get it because we've all been there. You know, everybody started with that confusion. Too many indicators. I had an email just yesterday actually, from someone who's brand new saying he opened a demo account and he couldn't believe how many indicators there were on the charts. And I went back to him and said, Look, you've got to understand that that looks really cool, real flashy. 99.9% of them are just a waste of time anyway. But you can see how people get into that confusion when you start off it all looks very easy. You're looking at hindsight. You see this line cross over that line and I took it buy trade there. I would have made all this money. Reality, of course, is vastly different because, you know, the market doesn't move like that. And and hindsight's a wonderful thing. Taking a trade in real time is completely different. So that all comes back to talking about today's topic of different timeframe charts. Trade the same strategy across all time frame charts. You see, the way that I trade is we trade the same strategy. The same logic, the same approach to any timeframe chart in any market. And what that means is you can go and look at your charts at the close of a candle issue. You know exactly when to look at your charts and make your analysis of Is there a suitable trade, yes or no? Trade examples from this week. Now give you some real time examples. Right now I have a sell trade on Copper (XCU). Copper on the monthly chart. And we are now in July on the close of the June monthly chart on Copper and we saw a bearish set up as a reversal trade. We've taken a sell trade on copper that's going really nicely right now. So that's the longer term perspective. This week I've taken six trades on the weekly chart trades predominantly looking for yen strength and they've retraced beautifully and now those pairs are heading downwards because we're looking for, as an example, like the CAD/JPY, you know, we're looking for that to drop with strength in the Canadian. And so that's the bigger picture. We've taken some monthly charts, we've got some weekly charts today, been Friday, the 19th of July. I've actually taken five trades on the daily charts, one on the sorry, two on the 12 charts and one on the eight hour charts. So I've got a trace that I've just taken just now. The beauty of that is they're all taken at exactly the same time after the change of day 5 p.m. New York time. So 6 p.m. by the time that we've taken and looked for the analysis and spreads have dropped. I've just taken those five daily chart trades,

What Markets Does Our Trading Strategy Work On?  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 Watch Prop Firm Masterclass Click Here to Check Out Other Recommended Brokers #551: What Markets Does Our Trading Strategy Work On? In this video: 00:23 – We trade the Forex market, plus many others. 01:06 – Our trading strategy also works on Crypto’s, Metals, Commodities and Indices. 02:24 – Reversals and Continuations. 02:58 – Market opening times vary. 04:04 – Join my Masterclass and Book a Call. 04:48 – Blueberry Markets as a Forex Broker. 05:22 – Comments, Like & Subscribe. What markets can you trade using my forex trading strategy? Let's talk about that a more right now Hey there, Traders! Andrew Mitchem here at the Forex Tading Coach with video on podcast number 551. We trade the Forex market, plus many others. So we call ourselves the Forex Trading Coach and obviously we trade the forex market. But over more recent years we have now the option to trade many more markets. Now go back to when we started. We could only trade forex pairs and then things develop like gold and silver and then a lot of brokers introduce more markets like some of the exotic pairs and the minor pairs like Singapore dollar pairs and Norwegian krona, Swedish krona pairs like that. Our trading strategy also works on Crypto’s, Metals, Commodities and Indices. And then over the last number of years you'd have noticed a lot more brokers are offering other markets, such as like cryptos, which seemingly everybody wants to trade and metals and commodities and indices. And the fantastic news is, is that trading strategy that I developed getting close on about 17 or 18 years ago still works today on the forex markets plus the new pairs. But also we can trade other markets such as the cryptos, the metals, commodities indices with exactly the same consistency. And when you think about it, the reason is because our strategy is price action based using candle pattern support and resistance. And it doesn't matter whether you're trading copper or Bitcoin or a Canadian index or the Japanese index or FTSE or oil or the NOK/JPY, it doesn't really matter so much exactly what it is you're trading and the beauty of it is, is by offering these other markets now is it if the forex market should have just a bit of a quiet day or so, it doesn't matter because we have access to all these other markets. So it just allows us to scan through different charts, not really worrying too much what the actual chart specifically is. We are looking for a candle pattern and a pattern that we teach our students that has high probability chance of success. Reversals and Continuations.   Now we look for reversals and continuations and go and have a look at a market such as copper or Bitcoin or Ethereum. They also have reversals and continuations. They have candle patterns, they bounce at support and resistance levels and round numbers, they have divergence. So for me as a trader, I don't need to trade just the EUR/USD because it's the most traded or the NZD/USD. Because I live in New Zealand, it does not matter. So the beauty of it is, is that we can trade these other markets quite consistently. Market opening times vary. Now the important thing to notice also is that some of those markets, first of all, they don't all have 24 hour operating markets. Now cryptos do, of course, seven days a week, but other markets don't. Some will open at 6 p.m. New York Times, such as gold and silver and others will open a little bit later, like some of the oils and some of their like the US indices don't open into the US time. So you have to be mindful of some gaps which can occur on some of those markets. But also you just need to be mindful of spreads and the amount of movement that they have. So for me personally,

Why You Should Be A Fussy Trader  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 Watch Prop Firm Masterclass Click Here to Check Out Other Recommended Brokers #550: Why You Should Be A Fussy Trader In this video: 00:27 – Learn to be a fussy trader. 00:40 – What does your favourite sportsman do differently? 02:39 – Become an elite trader.   03:24 – Know your strategy and have a plan. 04:15 – Trades from this week. 04:52 – Get on my Masterclass and book a call with us. 05:07 – Blueberry Markets as a Forex Broker. 05:30 – Comments, Like & Subscribe. I want to explain to you why you need to be a fussy trader and I mean a really, really fussy trader in order to do well. Let's get into that and more right now. Hey there, traders! It's Andrew Mitchem here, the owner of the Forex Trading Coach with video and podcast number 550. Learn to be a fussy trader. Today I'm going to explain why you need to be fussy. A really, really fussy trader. You don't need to be reckless. You don't need to be risky. It's the way that you can ensure that you do well from your trading. What does your favourite sportsman do differently? Let me give you some examples. Think of your favorite sports person or sports team. What are they doing to make themselves the elite and so much better than everybody else at that? Think of a tennis player, for example. You know, all the shots they play, they've played with precision. They practice them. They practice on different surfaces, you know, like clay or grass, concrete, whatever it is that they play on. And they know what they're doing. They know how to hit the ball. The angle that the spin, everything that they look at. As a tennis player, they know what they're doing. So they play with accuracy and precision. They are fussy. They're not. They're just playing reckless shots like an amateur player would sometimes do. You think of a golf player. You know, the practice, they go through the methodical set up that they have in their stance and their grip and the practice and the hours and hours that they go through with putting and chipping and driving. And so when they play that game, they not out there playing reckless shots and trying to bend the ball, round corners and do all silly things that, again, an amateur player or someone like myself would try and do, you know, which sometimes you can fluke it in a majority of the time it goes wrong. And so that happens in every sport. Think of a footballer or soccer player. For me, I'm a cricket fan. You think of like a batsman playing cricket. It's all about defense, defense, defense attack at the right moment. So that comes from hours and hours of practice of getting your technique right. It's all about technique and being fussy. If you think about cricket and a batsman, as soon as you're out, you're out. You know, that's your job done and it's over. You can't contribute a lot more, you know, as a batsman. And so it's all about being very defensive and very watchful when the moment comes to attack your strike, your attack. Trading is the same. It doesn't matter what sport the you like out there and it's all the same. Become an elite trader.   And so to become an elite, trader think of it in the same way. Be fussy, don't be risky, don't be reckless with what you're doing in your training. And you wouldn't believe how many people come to me and they show me trades that they have open and go Andrew I took this trade and I go back to them and go, Well, why did you take that trade? What's your reasoning? Why did you take that risk? Why was you stop loss there? Why was profit there. What was it about the trade that you saw? And I just felt that the GBP/USD was going up. And so there's that lack of thought of common sense that goes into trading.

Why the Trading Tortoise Always Wins the Race  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 Watch Prop Firm Masterclass Click Here to Check Out Other Recommended Brokers #549: Why the Trading Tortoise Always Wins the Race In this video: 00:29 – We’re halfway through the year. 00:45 – Most people rush into trading too quickly. 01:30 – The Hare and the Tortoise. 02:36 – The rise of Prop firms and the pitfalls. 03:39 – Making mistakes. 04:10 – View my 17 minute Masterclass & book a call with us. 04:30 - Blueberry Markets as a Forex Broker. 04:47 – Comments, Like & Subscribe. Today, I'm going to talk about why the trading tortoise always wins the race. The slow and steady approach is the way that you are going to become a profitable long term forex trader. Let's get into that more right now. Hey there traders is Andrew Mitchem here at the Forex Trading Coach for video and podcast number 549. We’re halfway through the year. Middle of winter here in New Zealand in June and we're already halfway through the year. But on a cracking day like this, I had to get outside to make the video today. One the enjoyments of trading and working from home. So in terms of trading. Most people rush into trading too quickly. Obviously everybody wants to be profitable. When people get into trading, they generally want to get into it pretty quick. Bit of a hiss and a roar. I had an email just last night from someone that said, Hey Andrew, I'm ready to give up on trading. We can go in for three months and it's just not working. I'm going to close my account. And I wrote back to him and said, Look, my your absolute brand new, complete novice beginner, three months, you know, nothing at three months. And so I explained to him that, you know, if you're going to take this trading business seriously, you can't be like all up and down like that. You can't be hot and cold like that. It's, you know, and that's where it comes back to the title said about, you know, the tortoise wins the race. The Hare and the Tortoise.    You remember the story about the hare and the tortoise probably learned it as a kid. You know how you know, everybody wants to be the hare. They all want to run off and get done really quick. No effort, you know, no background work and trading's exactly the same. And I say all the time, this guy last night was a classic example. Absolutely classic example. You know, three months. I know it all and it's not working and it's the market's fault. No, it's your fault. And the reality is that, you know, you do need to take that slow, steady tortoise approach, because if you're going to do this, like I've been doing this 20 years and it took me four years to get anywhere. So I can promise I understand the frustrations of being a few months into it and it's not working, but also someone that's been around for probably longer than anybody else, you know, or listen to or view. I can tell you the approach that's going to work properly long term. So that would be my advice. The slow, steady approach. The rise of Prop firms and the pitfalls. The reason or one of the reasons is that as well, a lot of people want to get into prop firms these days, which is absolutely fantastic. And I'm going to be putting out some information very shortly about how we can help you to get into prop firms. I think for the right person, they're an absolute fantastic way of making substantial gains from your trading. But again, if you're out there being the hare trying to rush into a prop firm after a week, if you're out there taking like silly risks, trying to pass the prop firm, it's not going to work. And ultimately the aim of trading is not to lose capital, it's to preserve funds, whether it's your own money. And it hurts when it's your own money, when it goes wrong. If it's a prop firm, it's their money.

What is the Green Cross Code of 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 Watch Prop Firm Masterclass Click Here to Check Out Other Recommended Brokers #548: What is the Green Cross Code of Trading? In this video: 00:24 – Learning to cross the road safely. 00:43 – The rules of the Green Cross Code. 01:02 – Live Webinar with my clients.   01:26 – The Green Cross Code of Trading. 03:12 – My 17 minutes Masterclass and Book a Call. 03:33 – Blueberry Markets as a Forex Broker. 04:09 – Comments, Like & Subscribe. Today, I'm going to teach you all about the Green Cross Code of Trading. Let’s get into that and more right now. Hi there, Forex Traders! Andrew Mitchem here at The Forex Trading Coach with video and podcast number 548. Learning to cross the road safely. Do you remember when you were a kid? You were learning at school to cross the road? Or if you're riding a bike, they taught you how to stop a crossing and then cross the road safely. It's something I never forgotten. And as a kid walking around towns or riding your bike, it kept you safe. The rules of the Green Cross Code. What they taught you is, number one, look all around. Number two, look to the right. Then look to the left. And then look to the right. And if it was safe and clear, then cross. And it was a very simple but effective way. And here we are, some sort of 45, 50 years later, I still remember very well. Live Webinar with my clients.   Now, the funny story was that last night I was holding a live 2 hour webinar with my client. We took five trades live on the session and when we were looking at trades, I actually said, Look, you need to look right, then left. And it brought me back to my childhood. I thought Green Cross Code And in trading it's really important that one, you keep things simple, but also you do look right and left. Let me explain. The Green Cross Code of Trading. Overall, we look at the chart. We look at the pattern where the pattern is within the chart. Is there room to move? Is it in the right place? All those type of things. So first of all, we had our candle pattern. We were taking a sell trade yesterday and then I look to the right. The reason I looked to the right was the candle itself have bounce at a round number. So that's our first or second thing. First of all, we look overall, then we go right. Then we went left and we took the chart and we said, where this price at best, which was the round number to the right. When we went to the left, we saw that some candles prior the price and who had also passed at exactly that level. And when it bounced and hit that level, it then dropped. So now the price to come back up to that same level, we look right, saw the right number left, saw the previous resistance and bounce level. There’s our overall view. Look right, look left. We then look right again when it came to actually looking for our entry and our stop loss and our profit target levels. Are there any other significant levels in the way? Can we have the pivot point to help us? Do we have any round numbers to protect our stop loss or making sure added our profit target on the sell trade before any round numbers? So think of your trading as you would walking across the road or learning to do that. Or if you've got kids, how to teach them to do it safely. Obviously on a road, it keeps us safe. If you do it in trading, it keeps you safe, but in a different way. It helps you to have high probability trades and it helps you to keep on the right side of the market. More often than not. So think about the green cross code. Look overall, look right, left, look right again. And that will massively help you in your trading. My 17 minutes Masterclass and Book a Call. Elsewhere. If you've not been on my masterclass session,

How To Start Out as A Forex Trader  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 Watch Prop Firm Masterclass Click Here to Check Out Other Recommended Brokers #547: How To Start Out as A Forex Trader In this video: 00:22 – Do you want to start trading? 00:44 – Trading Forex – The Basics. 01:30 – Choosing a Forex Broker.   01:56 – Forex Education. 02:23 – Your Trading Plan 02:50 – Start on a Demo Account. 03:12 – Technical or Fundamental Trading. 04:08 – Trading and Travelling. 04:44 – Blueberry Markets. 05:00 – My 1 Hour Masterclass and Book a Call. 05:34 – Comment, Like & Subscribe. How do you start as a forex trader? I'm going to cover that topic and more for you over the next few minutes. So let's get started. Hi everybody! Andrew Mitchem here at the Forex Trading Coach. Do you want to start trading? So you're interested in diving into the world of forex trading. Now whether you're looking to supplement your income or to embark on a new career, starting out as a forex trader can be both very exciting and also challenging. And in this video and podcast, I'm going to walk you through the essential steps that you need to get started on the right foot. Trading Forex – The Basics. Now, first, let's cover the basics. Forex trading or foreign exchange is a global market for trading currencies. It operates 24 hours a day, five days a week, and it's the largest financial market in the world. Now, unlike other markets like stock markets, which are based in specific locations like New York or London, the Forex market happens over the counter, which means that basically transactions are conducted directly between parties, usually through an online platform. And to start trading, you need to have a reliable internet connection. Obviously, a computer, laptop or mobile device and just somewhere that you can sort of focus on trading somewhere quiet, you can focus on trading. Choosing a Forex Broker.   Next, you need to choose a forex broker and look for one that's regulated and has high quality rankings as well. Competitive spreads and uses platform such as Metatrader 4 or Metatrader 5. I'll put a link on this page to a list of brokers who I use and suggest that you consider because that's going to massively help shortcut the list for you. Forex Education. Now, education is also key to being a successful trader. You've got to learn the basics. The fundamentals of forex trading. Understand how currency pairs work, such as the majors like the EUR/USD and GBP/USD and then get into more like the minors like the AUD/NZD or EUR/GBP. And you got to familiar eyes yourself with you know what pips are leverage margin. All those type of phrases which right now may not be familiar to you. Your Trading Plan Next you need to develop a trading plan, and a solid trading plan should outline your financial goals, your risk tolerance, specific strategies that you plan to use. You need to decide how much capital you're willing to invest and of course, never risk more than you can afford to lose. So a good rule of thumb that I use is I risk only half of 1% of my trading account on a single trade. Start on a Demo Account. And before trading the real money, of course, you should practice using a demo account. And most brokers offer a demo account to basically simulate real trading conditions. But it's not real money. Now, use this opportunity to test your trading plan and your strategy and get comfortable with the trading platform without having that risk of losing real money. Technical or Fundamental Trading. Understanding market analysis is also crucial. There's two types of analysis. There's technical and fundamental. Technical analysis means looking at charts, using indicators, etc. to predict movements. Whereas fundamental analysis,

I’m Not a Fan of Trading AI or Bots  Podcast: Find out more about Blueberry Markets – Click Here Click Here to Signup For Our 15th Birthday Sale #546: I’m Not a Fan of Trading AI or Bots In this video: 00:27 – Everyone is talking about AI and Bots. 01:10 – All Bots seem to fail. 01:30 – Knowing I can read a chart with high probability.   02:49 – Limitations of using trading bots. 03:19 – You don’t need to spend all day trading. 04:48 – Our 15th Birthday sale. 05:28 – Trade through Blueberry Markets.  I'm not a fan of trading AI or trading bots. Let me tell you why. Let's get into that and more right now. Hey, the forex traders, Andrew Mitchem here at the Forex Trading Coach with video and podcast number 546. Everyone is talking about AI and Bots. Now something maybe a tiny bit controversial. Everybody's talking about, you know, AI and how it can help in life and in trading and trading bots and expert advisors and all these type of things. And look, it's been there for years and years. When I started trading, there was tradestation. You could create programs that would automatically trade for you. And then Metatrader came along and people had expert advisors, which would magically for $97 going to solve all your trading problems and trade for you. If you look back on Forex Factory, on different forums, etc., you're always finding people out there who are creating these these robots that are going to do all these wonderful things. All Bots seem to fail. Have you ever noticed that they all fail? Like, I've never ever in my 20 years of trading seen one that works consistently well. Sure, they'll all have good times, but almost sure they're going to have bad times as well. So the reliability of them, first of all, is not great. Knowing I can read a chart with high probability.   But to me there's more important things than that. As a trader, as a manual trader. There is nothing better than that knowledge, that satisfaction of knowing that I can look at a chart today, next week, next year, in ten years time, and with high probability and high certainty, predict what's likely to happen. Now, if I get the trade wrong, I get it wrong and I lose a small known set amount of my account. But if I get the trade right, it's going to make two, three, four, five times my risk. And having that knowledge and that ability to look at different markets because who knows what's going to be out there in the future. If we were talking, say, like five or ten years ago, certainly ten years ago, we wouldn't have been able to trade cryptos, we wouldn't have been able to trade indices and commodities and metals on forex platforms. So things evolve, things change. And I'm certainly not against that when I'm saying I'm not into A.I. or bots. But what I am saying, if you have that knowledge up here, that mental knowledge, ability, satisfaction to make those decisions, that is so much better than just relying on someone's $97 a month bot. Limitations of using trading bots. The other thing is, is if you buy this bot and it does really well, what happens if you no longer have access to it or what happens if it no longer works? And how do you know that? Because without that knowledge and that skill of understanding how that bot works, you have no way of monitoring it on improving it, on changing it, on anything to do with it. And so to me, that manual skill is still absolutely crucial. You don’t need to spend all day trading. And if you're out there, like sitting there thinking, well, that's all well and good, Andrew but I'm too busy and I don't want to spend hours and hours and hours on a chart and on a computer, nor do I. I trade 30 minutes a day and I try 15 minutes in my morning, 15 minutes at nighttime. To me, trading is about doing this, getting outside, enjoying the outside, being very focused and very skilled when it's happening, when it's trading time and relaxing, enjoying things,

I Don’t Know Where to Place my Stop Loss  Podcast: Signup For my Forex Masterclass Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Watch Prop Firm Masterclass Click Here to Download my Lot Size Calculator #545: I Don’t Know Where to Place my Stop Loss In this video: 00:27 – Where should I place my stop loss? 01:18 – This is what most people do – and it’s wrong. 02:44 – Use support and resistance levels.  03:20 – Always look at round numbers. 04:22 – How big is your stop loss? 06:14 – Attend my Masterclass, Prop Firm webinar and book a call with us.                        06:37 – Trade through Blueberry Markets. Andrew. I don't know where to put my stop loss. Can you please help me? If that sounds like you. Listen up. I've got some great information for you. Let's get into it right now. Hey there, traders! This is Andrew Mitchem here with video and podcast number 545. Where should I place my stop loss? Now, I don't know where to place my stop loss. It's a question and a comment that I get all of the time. And it must be something that frustrates so many people because they just don't know where to put their stop loss. Why to put it at a certain level? And so it creates confusion, frustration, and inevitably leads to losing trades and therefore overall a losing trading performance. Now, unfortunately, most people out there just don't know where to put their stop loss because they don't understand the market or they don't understand what is happening at that time. They don't realize there's a difference between different currency pairs in terms of the amount of movement or different time frame charts or different times of the day, volatility at the time. All these things make a big difference and it's something that you need to consider when placing a stop loss. This is what most people do – and it’s wrong. Now, unfortunately, most people out there who learned to trade through, let's say, watching some YouTube videos or a few forum sites, they unfortunately make the common mistake of putting their stop loss X number of pips away from the entry price. Why they do that? Well, that's what most people tell you you should do. It makes it easier, I suppose. You go, I'm putting this stop loss at 20 pips away. Well, what on earth this 20 pips mean? It's completely and utterly irrelevant. You know, 20 pips if you're trading the EUR/CHF is massively different to 20 pips if you're trading the EUR/NZD as an example. You know, one doesn't move hardly anything. Daily range of maybe, you know, 40 pips, the other one moves a lot. Average daily range of 100, 150 200 pips is vastly different. It also depends on what time frame you're trading, what time frame chart you are trading, because you know that will determine how big a movement is likely to happen at that time in the next timeframe candle. Use support and resistance levels.  You know, because sometimes the market's very quiet. Other times it's moving a lot. Obviously, if you're trading on, let's say, a 4, 6, 8, 12 hour, Daily, you know, it's going to be a lot bigger candle than if you're trading on a 15 minute chart, for example. And so you have to take this into account also. Now, you also need to take into account and things that we do is a support and resistance level is a pivot point in a previous swing, high swing lows and making sure you're using as many factors as you can to put your stop loss behind that level. So if you're taking a buy trade, for example, you want to put your stop loss below several factors of safety to give yourself the best chance that the market may fall back towards your stop loss, but it's not going to take you out. And then it changes and goes up into your anticipated direction and you get a profitable trade. Always look at round numbers.

View my Monthly & Weekly Chart Trades Podcast: Signup For my Forex Masterclass Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Watch Prop Firm Masterclass #544: View my Monthly & Weekly Chart Trades In this video: 00:33 – Great feedback about our latest videos. 00:58 – A look at my MN1 and W1 chart trades. 05:00 – GER40 Index trade.   07:23 – Trade through Blueberry Markets. 07:46 – Attend my Masterclass, Prop Firm webinar and book a call with us.     08:40 – Email me directly, like, share and subscribe. In this week's video and podcast, I'm going to share with you two trades that I've taken, one on the monthly chart, one on the weekly chart. One's a reversal, one's a continuation, one's a forex trade, one's a non forex market. Let's get into that and share those trades right now. Hey there, traders! It's Andrew Mitchem here at the Forex Trading Coach for video and podcast number 544. Great feedback about our latest videos. Loving the feedback that we're getting regarding the changes that we've made here and by showing you trades and just helping people to understand what the market's doing and to understand how we trade here in Forex Trading Coach don't forget we always promote very low risk per trade high reward to risk and the strategy works across all timeframe, charts and all different markets. A look at my MN1 and W1 chart trades. Now today's a great example of that. I'm going to run through two trades for you, the NZD/USD on a monthly chart and the German 40 index on a weekly chart. So let's jump straight onto the charts here and you can see the two trades on the cover, the first one here is a monthly chart trade that's just hit the profit target this week. This is the NZD/USD Monthly chart. So going back here, this is the monthly chart. So this is the candle here that closed in February for the January candle sets January of 2024. And we decided to take the trade heading into the first February when the January candle closed. And you can see in here my trade was not actually filled until the 20th because I take limit orders. So I'm looking to take a sell trade after this candle has closed, but I'm only looking at taking the sell trade If the price first retrace is now, I don't need to be sitting there waiting for 20 days for the price to retrace. On the 1st of February, I put my orders in. If within the first candle in this case, the one month the price retrace is to my entry level. Fantastic and then takes me on a sell limit looking for the price to then fall. Now you can see in here that the market opened on this candle at 0.6110 and my entry level was 0.6162, so some 52 pips higher. And you can see that the price pull back up here got me filled as my entry level and the stop loss was fine. It remained in the market and then the price fell away. By the end of February we were into some good profit. You can see the advantage of entering back up here using limit orders. By the close of the month we were already up 92 pips roughly. And then what happened going into the month of March? The price then came back up, tested that same level. Notice how it stopped at the same level. We're still safe. And by the completion of March, we then ended up being around about 188 pips up and then the profit target was hit down here on the 15th of March, 15th of April, just a few days ago at 0.5905. So a few things to notice there. One were at before the right number of 0.5900, but also using the way that we trade with our entry and exit levels, we had a great profit target. Now if you look at rough numbers, looking at the without calculating these exact but there's roughly our entry level, our stop loss was at 0.6222, which is in a roundabout here and that was 60 pips, 65 pips and our profit target was in 0.5, which was then in around about there, 257 pips.

See my H6 Chart Trades in Action  Podcast: Signup For my Forex Masterclass Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Watch Prop Firm Masterclass #543: See my H6 Chart Trades in Action In this video: 00:27 – Trades that I’ve taken on the H6 charts this week. 01:02 – Why I traded the STOXX50 Index. 02:25 – Sell trade on the USD/MXN.  03:09 – EUR/MZN H6 trade makes profit. 04:41 – Last trade on the GBP/CAD. 05:29 – Low risk and high Reward:Risk trades. 06:50 – Trade through Blueberry Markets. 07:08 – Attend my Masterclass, Prop Firm webinar and book a call with us.    Today, I'm going to share with you some six hour chart trades that we've taken just this week, some winning trades and some losing trades. 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 543. Trades that I’ve taken on the H6 charts this week. I want to share with you some trades that I've taken just this week on six hour chart trades across different markets and different forex pairs. I'm going to explain why I've taken these trades and to give you an understanding of how we trade. Now just to let you know also that when we trade at the Forex Trading Coach, our charts are a little bit different to this. I have some candle identifier software, pivot points, divergence, etc. on top. But what I've done for the purpose of this video podcast, I've stripped everything and so you can just see the actual candle patterns and the price. Why I traded the STOXX50 Index. So let's start here with the STOXX50, which is a European index. So we also trade non forex markets if the pattern show. And so you can see my trade in here. This is a six hour chart trade. It was taken on the completion of this candle here. And if you look at the first two results down here, you can see that one just got stopped out and the other went down to the profit target. So what is it we're looking at here? Well, first of all, we have a lovely downtrend in play and then a reversal, By the way, we took this trade, is a buy trade last week. But this pulled back beautifully. And then we saw the continuation pattern heading down in a nice trend line break up through here at this candle closed below that trend line break we had a nice “n” shape that we look for and we actually bounced off a middle bollinger band. We had a few other things adding to the trade but you can see in here my two entry levels and this mentioned the first position just got stopped out, the second position. Then price fell beautifully. So our profit target, which by the way, was before the 5000 level and before us swing low. So that was the at the first trade there. Now we take multiple trades throughout each day and each week on our membership site and on my forum site. And so these trades were all posted there. Sell trade on the USD/MXN.  The next trade I want to share with you is the next one down here. You can see the sell trade on the USD/MXN. And this trade just got stopped out on the completion of this candle. The price went down and I ended up closing the trade early. You can see there's a couple losing trades there and I got out of that trade in plenty of time after a loss, a small loss, a control loss of one position, small loss on the other. But overall, my logic for the trade was we were in a downtrend pullback and then we had this continuation pattern here looking for this to down. So a small loss taken there. EUR/MZN H6 trade makes profit. However, the next trade was taken at exactly the same time is on the EUR/MXN and that's in here. And you can see we had a very similar pattern but probably a stronger pattern there. Overall, we were in this big downtrend, nice pullback, and then we got the confirmation to go short.

I’ll Show You My Trades & Why We Took Them  Podcast: Signup For my Forex Masterclass Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Watch Prop Firm Masterclass #542: I’ll Show You My Trades & Why We Took Them In this video: 00:32 – Sharing my screen and showing you my trades. 01:05 – Trades taken this week on D1 charts. 04:12 – Copying trades to other accounts and prop firms. 04:43 – EUR/CHF D1 trade. 06:11 – 3x H12 chart trades taken. 08:24 – How we trade and teach our clients. 10:29 – Trade through Blueberry Markets. 10:42 – Attend my Masterclass, Prop Firm webinar and book a call with us. In this week's video and podcast, I'm going to share with you some trades that we have posted on our membership site and our forum site and take in ourselves this week so we can show you how we operate, how we trade and how we have great results. Let's get into that a more right now. Hey there, Traders! Andrew Mitchem here at Forex Trading Coach with video and podcast number 542. Sharing my screen and showing you my trades. Something a little bit different this week. I've had multiple requests asking for me to share my screen and to show you some of the trades that we take. So that's exactly what I'm going to do. This week. So if you're listening on a podcast, apologize, but this is definitely going to be more of a visual video. So if you're on a podcast, maybe you can go and look at your charts whilst listening to the podcast or after and see some of the trades. But I will be descriptive in the trades set up. So let's get into this straight away. Trades taken this week on D1 charts. So this week we've had a very short week due to the Easter break. But what I want to share with you are just some trades that I have taken myself on our membership site and our forum site. So let's share with you here. This is going back to Wednesday, the 3rd of April. And you're seeing here I've got some trades on the EUR/CHF and the AUD/JPY. I want to cover those two to start with. These are taking on the daily charts. These are taken in advance of the market moving. And you can see all the reasons we put there, the entry and exit levels, etc. So I'll take that off and I'll just go back to the actual chart and share with you what it is we are looking at. So this is the Aussie yen in here that we took on the close of the Tuesday candle going into Wednesday, which was the 3rd of April 2024. You can see the two trades I've taken down here and you can see the results. But more importantly, I want to explain why we took rates. And if I take the chart out slightly, you can see that overall the AUD/JPY has been this is going back to like the end of December of last year, has been overall in quite an uptrend. And so when we saw this pattern here now obviously on my own charts, I have extra lines, indicators, etc., Candle Identifier, Bollinger Bands, etc. like that? But for the purpose of this video of stripped all that off to make it a little bit cleaner for you to see. And also if I put my exact levels on that, I would be looking at today, which is Friday the 5th of April, those levels wouldn't be relevant for this candle back here. However, what we saw overall was that bigger picture uptrend, as I mentioned. And then we saw this nice pullback here. And notice after this big pullback on the 22nd, we then had quite a few indecision candles and then we had the change around here. So this is quite a significant area that we see the price pull back to. Then we get our bullish candle on the Tuesday, which is the first full day after some shorter days throughout the Easter break through here. So we took it buy trade. And on our daily trade suggestions, you can drink bitcoin, you can see in here we had a buy trade at 98.64. To bear in mind we post these on the completion of this candle.

How to make Hundreds or Thousands of Dollars per Trade  Podcast: Signup For my Forex Masterclass Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Watch Prop Firm Masterclass #541: How to make Hundreds or Thousands of Dollars per Trade In this video: 00:26 – How anyone can make hundreds or thousands of dollars per trade. 00:59 – Trade with the trend. 01:38 – Reversals and Continuation candle patterns. 02:11 – AUD/CHF H12 chart hits profit. 03:20 – Use Prop Firms to scale up your gains. 04:08 – AUD/CAD D1 trade hits the profit target in 5 hours. 04:45 – You cannot take every Continuation pattern as a new trade. 06:46 – Trade through Blueberry Markets. 07:38 – Attend my Masterclass, Prop Firm webinar and book a call with us. Today, I'm going to show you how you can make hundreds, if not thousands of dollars per trade in just a matter of a few minutes per day. Let's get into that and more right now. Hey there, traders! It's Andrew Mitchem here, the owner of the Forex Trading Coach with video and podcast number 541. How anyone can make hundreds or thousands of dollars per trade. So today I want to share with you how you, anybody it doesn't matter where you live in the world can make hundreds, if not thousands of dollars on a single trade. That takes you just minutes per day of chart time to see and to take. It's a really exciting opportunity that Forex offers. And the important thing for me is as a trader, I like to have high probability trades. You see, it's not so much by how many trades you take. It's about the quality of the trades. Trade with the trend. Now you've probably, if you've been trading for any length of time, heard the phrase about trading with the trend and it's a fairly logical phrase and expression because it makes sense, doesn't it? If the market's in a big uptrend that you should be taking buy trades. However, it's not quite as easy as that. And the trouble is a lot of people see a big trend and then they go, it's in an uptrend. I'm going to take it buy trade. And of course the market hits a high, turns around and stops and they take a loss. That is the danger that most people are reactionary and only see it's an uptrend after it's already done and completed and it's back to then turn back the other way. Reversals and Continuation candle patterns. For me as a trader, I trade two different patterns. I trade reversal patterns, which does mean selling at the top of an uptrend. But my favorite and preferred pattern is a Continuation Pattern. Now, I'm going to give you two examples from just this week of continuation patterns. So you can go and have a look at your charts. If you're watching, YouTube will probably put these on screen so you can see them. Obviously, if you're on a podcast, then you just have to go and find them on your charts. But two trades to give great examples of what I mean by continuation patterns, both profitable trades for us this week. AUD/CHF H12 chart hits profit. The first is a 12 hour chart trade on the AUD/CHF. If you go and have a look at the AUD/CHF from the 18th of March 2024, look at the 00:00 candle. So it's the completion of that candle, which means that the day starts at 5 p.m. New York time, but it means that that candle then closes at 5 a.m. New York time. So have a look at the charts. The 00:00 Opening Candle, The AUD/CHF 12 Hour chart 18th of March 2024. Go and have a look at that pattern and hopefully we'll get that screenshot put on here so you can see if you're viewing the video. We took a buy trade there. What happened? The market moved up, it pulled back, we waited for it to pull back and then we waited for a confirmation signal to go long again, trading in the main direction. But after that pullback and as you can see, we took a really good trade there. And even on a small account,

How to Survive a Financial Crisis  Podcast: Signup For my Forex Masterclass Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Watch Prop Firm Masterclass #540: How to Survive a Financial Crisis In this video: 00:24 – How do we survive the next financial crisis. 00:57 – Increase income, decrease expenses and save more. 02:55 – What are my thoughts? 03:36 – You need to change your mindset. 03:58 – Plan and prepare. 04:54 – Upskill yourself today in preparation. 06:31 – Forex offers so may more benefits. 06:51 – Live webinar with trades and my account is at +2% gain for the week to date. 07:57 – Trading with a prop firm. 09:02 – Give yourself 6-12 months to learn how to trade properly. 10:00 – Trade through Blueberry Markets. 10:06 – Attend my Masterclass, Prop Firm webinar and book a call with us.       Today I'm going to talk about how you can plan for, prepare for and get through the next financial crisis. Let's talk about that and more right now. Hey there, traders! It's Andrew Mitchem here at the Forex Trading Coach with video and podcast number 540. How do we survive the next financial crisis. Now, I ask people to give me some topics to talk about, things that will be helpful for you. And one of the main topics those come up is how do we survive the next almost certainly coming financial crisis? So to start and to prepare for this, what I've done is had a look on the Internet and I want to talk about what they suggest and then my thoughts after that. First of all, I have to let you know that what I'm about to say is not financial advice. It's purely my own thoughts and opinions, which may or may not work for you. Increase income, decrease expenses and save more. So did some research online, typed in how to survive a financial crisis. Upcoming standard answers of #1 increase your income, #2 decrease your expenses and #3 increase your savings. Quick overview on those. Increasing your income. How are you going to do that? Well, you probably going to if you're in a corporate job, work harder and up the ladder, which means less time at home, etc. like that. More stress. You may be working more hours in your current job. Not a great outcome either. Or you might be going there for a second or third job. Again, not a great outcome. So there's better ways you can do that. Number two, and decreasing your expenses is something that most people can do. From my own point of view, we like to be completely self-sufficient here. I say we're about maybe 80-90% self-sufficient in what we eat at home, and we choose to do that. We choose to grow our own food as much as possible with our own, you know, the fruit, vegetables, meat, etc. like that. Everything we try to do is our own choice for health reason and enjoyable reason of actually growing and eating our own food. We know what we're eating and less reliant on the system, on the supermarkets and the crazy inflated prices out there. So that may or may not be something you could do as an example. The third one to increase your savings. Not very practical for most people around the world, giving the cost of living just as an example, we've had interest rates come off here. Just last week, for me personally, at 2.79, they wanted it to float it at eight point something or fix it at seven point something. Just massive expenses going up there for everybody. A cost of living, a cost of groceries, food, as we've mentioned. Your fuel, your rate, your taxes. You know, everything goes up and up the whole inflation. So saving more for most people was not really a practical outcome there. So Bense what the Internet says What are my thoughts? These are now my thoughts of what you potentially could do because for me surviving or anything financial, a lot of it comes down to your mindset, your thoughts, your emotions.

Forex Trading's Preflight Check: Building Your Plan  Podcast: Signup For my Forex Masterclass Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Watch Prop Firm Masterclass #539:Forex Trading's Preflight Check: Building Your Plan In this video: 00:34 – Heading off for a flight and carrying out my checks. 02:01 – You need a trading plan. 03:00 – Put in the time to ensure a good outcome with your trading. 03:45 – The market does not have even trading conditions. 04:42 – Trade through Blueberry Markets. 05:06 – Attend my Masterclass, Prop Firm webinar and book a call with us. Today, I'm going to discuss the importance of learning to plan properly, planning your training, See now exactly what you're doing, whether you're flying a helicopter like behind me here, or if you're trading the forex market, you have to plan properly. Otherwise, you plan to fail. Let's get into that a more right that. Hey there, Traders! Andrew here, at the Forex Trading Coach, a video and podcast number 539. Heading off for a flight and carrying out my checks. As you can see, I'm out at the hanger. I'm heading off tomorrow morning. Quite early on a flight, quite a long flight, probably about a three and a half hour return flight. And so as a result of that, I'm spending some time here today when there's no pressure and I'm going through my entire preflight and doing all my checks. I've got my my flight plans here. I've got my airports where I'm going to inside here. I've covered everything I need to know in terms of the cockpit. I've got a huge manual here. It's about 800 pages that's just specific to this machine. And on that, I have to know all that. Of course, long before today. But you know, you've got to keep updated on that. I've been through the machine here. I've checked through and, you know, engines and oils and up on the rotor blades there. I've checked everything. All my preflight checks and the tail here, everything is checked. My fuels good is clean. It's all on board. I know exactly what I've got. I know where I'm going. I know my radio calls. I'm discharging my headsets up. So that's ready. I've got a spare batteries. I've got my iPad. I've got my phone. I've got everything I need to know to do the flight properly, safely, and, you know, to get a good outcome and enjoyable experience for everybody on board and to know what's going to you know, we're going to get there safely and just have a great day. You need a trading plan. So me doing this is no different to me trading. You know, I've got my plan and this is what I want to stress to you, that I just see so many people that don't have a plan, don't know what they're doing. You wouldn't believe the number of emails that I get saying, Look, I've been trading for six months and I go back and I go, Great, Well, you've obviously got a problem because you're contacting me. So. So what are you doing? And they go, I'm just putting on, you know, one lot on this trade and I'm trading, you know, different times of the day. They trading. They don't know what they're trading. They see something all that, let's say a daily chart that's telling a buy on an hourly chart. They're saying sell. They don't know what to do. There's no light, there's no money management, there's no risk management. There's no no, no strategy at all. They don't know why they're doing what they're doing. They just know they want to trade forex. And because they're probably seen it's really good and seen something on YouTube or somewhere. Put in the time to ensure a good outcome with your trading. And that becomes the problem is that people don't put enough preparation time into learning the skill that they want to be good at. And you know, it's like anything is like flying this thing. There is nothing that beats flying.

7 Points to Help Develop Your Own Trading Plan  Podcast: Signup For my Forex Masterclass Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Watch Prop Firm Masterclass #538: 7 Points to Help Develop Your Own Trading Plan In this video: 00:25 – 7 points to help develop your own trading plan. 00:36 – #1 Your personality. 01:15 – #2 What type of trading do you like? 02:16 – #3 What are your goals? 02:55 – #4 Risk management. 03:51 – #5 Know your strategy. 05:16 – #6 Demo, live or a prop firm? 05:50 – #7 Journal and record your trades. 07:10 – Attend my Forex Masterclass. 07:19 – Prop firm Masterclass. 07:40 – Book a call to chat with us. 07:52 – Blueberry Markets. Today. I'm going to give you some helpful tips and information to help you to develop your own trading plan as a forex trader. Let's get into that and more. Right now. Hey there, Traders! Andrew here at the Forex Trading Coach with video and podcast number 538. 7 points to help develop your own trading plan. Today is all about developing a trading plan that's going to work for you. I'm going to give you seven points. That's going to be something that if you put this together. Massively help you. #1 Your personality. Let's start with point number one. So first of all, you have to understand yourself. What type of person are you? What personality do you have? What what makes you tick? You know what you like as a trader. Now, I find that naturally most people, when they start trading and I did exactly the same almost 20 years ago myself. They tend to navigate through to the shorter timeframe charts, the one minute, five minute, 15 minute chart. Some people think that's the where the most opportunities are, where the most money is to be made, and that's why people do that. And then they realize that probably doesn't work quite as well as they thought it might do. And then they start to look at something a little bit longer timeframe charts. #2 What type of trading do you like? So figure out where you are on your trading journey and what type of trader you are. Are you someone that likes to watch the news? I'm someone that likes to watch the charts. Are you a fundamental or technical trader? And then what you need to do there is work out the trading style and that will become, you know, in the cooperation of both of those two. Possibly it could be, you know, looking at the longer timeframe charts, this sort of more medium timeframe or the shorter timeframe. So look at what works for you. If you're out there, you know, you've got family, you've got travel to do, you've got work to do, you've got music, sport, whatever it might be, you might go, Well, you know what the reality is? I only want to look at my charts maybe just once a day or a couple of times a day or just a few times a week. Therefore you're going to have to go to those longer timeframe charts. You may go, Well, you know, I've got a couple of hours. I can look at the European session or the US session a few days a week, and therefore I might look at say, the 30 minute, the one hour, the four hour timeframe charts or blend whatever works for you. #3 What are your goals? The next thing you need to do is define your goals, your personal goals, your financial goals, the time goals as well. Don't forget, time is really important. You know, it's all well and good to write down. Say I'm going to make 10% every month and I'm going to do this and I want to do that. But also is you got to realize that to do this successfully and properly, it's got to work around what your time restrictions are. Everybody has time restrictions. We all have 24 hours in a day. It's what you do within that day that counts. So how much of that time per day or per week do you want to dedicate to learning or trading or studying charts or watching news events?

The Realities of Learning How to Trade  Podcast: Signup For my Forex Masterclass Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now #537: The Realities of Learning How to Trade In this video: 00:26 – A trading reality check. 01:00 – Do you want it now or can you wait? 01:41 – Adults are no better than children at wanting instant gratification. 02:23 – How much can I make? 03:23 – Doing the hard work first. 04:33 – Not everything will go in your favour. 05:09 – Don’t knock someone who’s trying to help you. 06:00 – We can help you if you would like to trade well. 06:26 – Book a call with us. 06:38 – Blueberry Markets. Today, I'm going to talk about the realities of learning how to trade properly and why it's probably not quite as easy as you think it might be. Let's talk about that and more right now. Hey there, Traders! Andrew Mitchem here at the Forex Trading Coach with video and podcast number 537. A trading reality check. Now today it's a bit of reality check. And it's kind of like not being grumpy day, but just wanted to keep things real. I've had just a few interactions with people over the last week or so that just got me kind of beating my head against the wall. One was a client and the other is not a client, and it just makes me realize that there's so many people out there that are not real with their trading. Do you want it now or can you wait? Now, you may have heard about the experiment. I don't know who did it. It was quite some number of years ago where they got a bunch of kids, put them in a room, and they said to them they put like a sweet or lolly chocolate and in front of them and said, You can have one right now. But if you wait, you know, 15 minutes, we'll give you three. And of course, most of the kids go, I'm just going to take the one that they can't comprehend. You know, if you just wait for a little bit longer, you'll get three times the amount for just a little bit of, you know, dedication. And that was a kid's experiment. Adults are no better than children at wanting instant gratification Now, I think the same logic, unfortunately, applies to so many adults today as well, now that whether it's me, show my age or what, I don't know, but whether it's, you know, an instant gratification thing, whether it's a cell phone thing, an Internet thing, a Netflix thing, you know, another thing, everything just seems to be instant. And people unfortunately don't seem to be able to. A lot of people anyway, don't seem to be able to. And accept the realities of hard work, dedication and a bit of time, commitment and effort. And also not an instant answer, an instant fix. How much can I make? Now, I want to talk about that because I think that you've got to get your head around that if you're going to give yourself a realistic chance of being a successful fighter because everybody wants to know how much am I going to make, how long is it going to take me, how much do I need to my account? How many prop firms do I need? All these? How to what's the answer? And without actually figuring out that they need to actually study and listen to people that have done this before and not only ask questions, but when someone gives you an answer in their best interest is to help you listen to that answer and possibly accept it. And I find that people struggle to do that. And maybe it's because it's not the answer that they want or it's not the quick fix solution. It's not the you're going to become a multimillionaire next week solution. It's and that kind of thing. I just I struggle with, I suppose, because I suppose I'm about a year away. Doing the hard work first. You know, you did the hard work moving to New Zealand with a couple of suitcases to the other side, the world, you know, with no Internet back then and no cell phones and, you know,

Should You Trade Only the Major Forex Pairs?  Podcast: Signup For my Forex Masterclass Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Watch The5ers webinar #536: Should You Trade Only the Major Forex Pairs? In this video: 00:32 – Should I trade just the Major FX pairs? 01:34 – Don’t limit your options. 03:08 – Trades on Minor and Exotic pairs this week. 04:00 – Be careful with Sell trades and widening spreads. 05:10 – Attend my Masterclass and book a call with us. 05:22 – Webinar with The5ers. 05:38 – Blueberry Markets.        Is it best to trade the major forex pairs only, or is it best to trade the exotic pest? It's a question that I get asked quite often, and this week I've got some great examples of why I trade both. Let's get into it a more right now. Hey there, Forex Traders! This is Andrew Mitchem here. The Forex Trading Coach with video and podcast number 536. Should I trade just the Major FX pairs? So as more and more platforms and more brokers offer more currency pairs, the question becomes, should I just focus on the major currency pairs? And there are obvious advantages to that. Pretty much the main ones would be spreads are generally tighter, you generally find the gaps and you generally find there's more people trading it. So the volume, liquidity, etc. is better. Therefore the moves are generally more flowing, more consistent. It also means, if you like, trading the shorter time frame charts that you or like trading quite often with frequency, you'll find that you'll find the spreads been so much tighter means that you can take trades on shorter time frames and more often and you're not paying, you know, massive spreads in the big movements just to get to break even. So there are certainly some advantages to trading just the major pairs. Don’t limit your options. Now, some of the disadvantages would be this one, it completely limit your options. So to me as a trader who's looking for sudden like couple of patterns, why limit your options? It's like, why limit the markets? This week I've taken trades on the Nasdaq and the S&P and we've taken trades on the JPN225 So why limit to just, you know, the forex pairs? That's my thought. If the system the strategy worked on other markets as well. Last week you'd have heard me talking about a corn trade that I took, you know, which quite often take metal trades. We take crypto trade. So I don't think you should limit yourself if you find that your strategy worked on those other markets. Likewise, the downside were trading and focusing just purely on the main major forex pairs is that you tend to find they pretty much get dominated by the US dollar. So for instance the EUR/USD, GBP/USD, AUD/USD, the NZD/USD, USD/JPY, the USD/CHF and you know the old US dominant. And of course there are other, you know, sort of major pairs as well, but you tend to find that the US and you know and the yen kind of dominate those major pairs and you can find that from time to time there will be some quite dull price action. And we've already seen that for parts of this year. So far we've you seeing some quite dull price action on some of the major pairs. Trades on Minor and Exotic pairs this week. So moving on to the exotics and the minor pairs, just this week I've taken trades on the NZD/CAD, the NZD/SGD, the USD/ZAR, the SGD/JPY and the CHF/SGD. So I've taken profitable trades on those. Now my prop firm account you'd have heard me mention last week was, you know, continuing to go well this week. So far we've still got all of one or Friday still to go. I'm at 1.9% with 0.25% risk trade. So for me, if you can average that sort of one and a half to two and a half percent per week on a prop firm with incredibly low drawdown, you only need a few weeks and you passed your next firm challenge. So for me,

What’s a Sensible Amount of Risk to Take per Trade  Podcast: Signup For my Forex Masterclass Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Download my Lot Size Calculator #535: What’s a Sensible Amount of Risk to Take per Trade In this video: 00:26 – Preserving capital. 00:40 – Control your emotions. 01:31 – Have a low and known risk per trade. 02:20 – Most people suggest a 3-5% risk per trade. 03:40 – A +2% gain for the week. 04:38 – Attend my Masterclass and book a call with us. 04:57 –Trade through Blueberry Markets. What's the sensible amount of risk the issue should take for each trade that you place as a forex trader? Let's talk about that important subject and more right now. Hey there, traders! Andrew Mitchem here, the owner of the Forex Trading Coach video and podcast number 535. Preserving capital. Today I want to talk about risk preserving capital, keeping your drawdowns low. And it all comes back to how much should you place on a trade in order to be a successful trader. Control your emotions. You see, for me in trading, there's two things you have to control. One's up here, the head ones in his heart. You have to keep those emotions under control. And you can do that quite easily by controlling your risk, because the fear and the greed always come into the trading as self doubt. But then greed when it comes to making money. Risk management is absolutely crucial. And unfortunate, far too many people don't know that and they don't know how to control that and they don't know how to implement that practically on day by day basis into their trading. You see, I think there's a lot of people out there that just don't know how much risk they're placing on a trade that is place to trade. And they got I've got a 20 pip stop loss and I'm going to put one lot on it or 0.1 lots. Because that's just what they think they should do. That is not how you trade. Have a low and known risk per trade. For me, the best way of trading is to have a known and low risk on every single trade. So you go into a trade and it doesn't matter what the currency pair is or even what the market is. I've taken a trade on Corn this week, you know, and it doesn't matter where it's corn on a weekly chart or the EUR/USD on a four hour chart, it doesn't matter. Every single trade has the same risk. It's known and it's low. So you have to adjust your position. Size according to a stop loss needs to be in order to calculate that. And it's very easy. And I have a free lot size calculator that does all that for you. But by doing that it means that every single trade that I take has the same risk, and by doing that, I can control my emotions and I can control my drawdowns. Most people suggest a 3-5% risk per trade. Now, you have a search out there online, and you'll find that most people will tell you to risk somewhere between about a 3 to 5% risk per trade. I think that's utterly crazy. You know, you have, let's say four trades go wrong and you're instantly 20% down on your account. Now, you need a lot of good trades to go right to make that 20% up just to get to break even. Now, that in itself is not a good way to trade. For me personally, I risk half of 1% per trade. So my four trades go wrong. I'm now 2% down. When I'm trading on a prop firm, I risk half of that again. So I risk only 0.25% risk per trade. In other words, if four trades go wrong, I'm now 1% down. That is within the rules, the criteria of a prop firm. It means I can have multiple trades all go wrong in a row, which is incredibly unlikely to happen. But let's say it did before I get anywhere near the maximum drawdown at most prop firms, which is somewhere between so maybe 5% or 6%, that will never happen if you're trading such a low risk per trade. So it's really important that you preserve capital.

The One Secret to Becoming a Successful Trader  Podcast: Signup For my Forex Masterclass Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now #534: The One Secret to Becoming a Successful Trader In this video: 00:26 – What’s the one secret to becoming a successful trader? 00:47 – 8x Monthly chart trades for February. 02:24 – Benefits of trading the Monthly charts. 03:05 – Also we’ve posted 5x D1 trades and 2x H12 trades. 03:46 – A live 2 hour webinar with our clients. 04:09 – Trading the longer time frame charts is also more enjoyable. 05:36 – Most newer traders want to be scalpers. 06:19 – Blueberry Markets 06:31 – Join my 1 hour Masterclass https://theforextradingcoach.com/forex-training-masterclass/      I've got asked this week what would be the one secret I would give to someone who is looking to become a successful trader? Let me share that with you and more right now. He there, Traders! Andrew Mitchem here at the Forex Trading Coach with video and podcast number 534. What’s the one secret to becoming a successful trader? So this week I got asked on a webinar by someone who's looking to trade, and they said, Hey, Andrew, if you could keep one secret in trading to help me to become successful, what would that be? And to me, it's quite simple. It's looking at the longer timeframe charts. And today's a perfect example. 8x Monthly chart trades for February. So I'm making this video on Thursday, the 1st of February day earlier than normal. And the reason I'm doing that is because I've just taken the February monthly chart trades. And on our membership site we identified and I've placed eight trades on the monthly charts. So based on the January candle close taken at the beginning of February, and with those trades because the longer timeframe charts, they have many advantages. One, you don't have to be that your charts at the exact time that they you know the new day opens or the new candle opens and you've got hours, days, maybe even longer. And especially the way that we trade with using limit orders or retracement orders as well. It also means that not only are those candle patterns higher quality because they contain more information, more data. When you think about it, they contain the whole month months worth of price action. So when you get a high quality set up are all showing in the right positive chart, it's going to have a higher probability chance of working. Today, most of those trades, those eight trades have taken a continuation trades. So they are continuing the main longer term trend. But after a recent pullback over like, you know, let's say October, November, December, January and they're they're ready to then head up or down again in the overall bigger picture. So that again, adds more weight, more credibility, more probability to the trades. Benefits of trading the Monthly charts. On top of that, because that monthly chart trades the rewards, the risks are even better as well. Spreads becomes almost like completely insignificant. And so with the trades that we've taken, they all range between the 3 to 1 is the smallest reward to risk. So let's imagine if you're risking, let's say half of 1%, one and a half percent is the smallest gain I'm going to make on a profitable trade. But the the biggest gain is a 6 to 1 trade. So that means half a cent risk means I'm making a 3% gain. If that trades hits its for profit target and so they all range between 3 to 1 to 6 to 1 On those eight trades I've taken. Also we’ve posted 5x D1 trades and 2x H12 trades. Not only that is today, I've also taken five trades on the daily charts that have all been published on our membership site for our clients to follow. But we also put 2 12 hour chart trades on that. So you've got the eight monthlies, the five daylies it's 13. 2 on the 12 hour chart.