Achieving a consistent 2% account gain per week 

In this video:
00:33 Great Effort to be Trading 2% Per Week
01:21 Trading Software for Any Time Frame Charts
02:10 The Beauty of Trading

Hi traders it’s Andrew Mitchem here the owner of The Forex Trading Coach, coming from Union Square in beautiful San Francisco. I’m actually been on a helicopter flight this morning over and under the Golden Gate Bridge and if you ever get a chance to come to this beautiful city, it’s a must. An absolutely amazing trip.

So trading wise well, it’s Easter this week, it’s actually Easter Friday today and so expect the market to be flat for few days and that’s fine. That’s what happens during the public holidays and there’s plenty more days of the year to be trading.

Great Effort to be Trading 2% Per Week
Just before I left on Wednesday I held a webinar for my clients and had some fantastic news for my clients who’s been with me for only a few months and his objective and goal is to make 2% per week and it doesn’t matter if he makes it on a Monday or a Friday. Once he makes 2% he closes and he says, “I’ve been live for four weeks and I’ve made about 2% every week and made the 8% for the month of March.”

So just a fantastic effort and it’s great when people pass that information through and show you how they have done that. This particularly trader was mostly focusing on weekly charts, daily charts, 12-hour and 6-hour charts and not spending too long at computer just taking the trades, high return trades and that was it and making 2% a week and he was very, very happy with that.

Trading Software for Any Time Frame Charts
Now, I just want to let you know, I’ve got a great piece of software that I actually passed on to my clients that allows you to take trades on any time frame charts so for instance like the 6-hours and the 12-hours aren’t chart time frames that are readily available on MT4 but with this piece of software, it allows you to multiply time frames and to have those additional time frames and you can take like six and twelve minute charts if you really wanted to. But most of us prefer the longer time frame charts as it means less charts watching high return trades and more probability and likelihood of being profitable trades because generally the longer time frame the chart that you’re trading in general, the more reliable the data and the information within that time frame.

The Beauty of Trading
So that’s what I’ll be doing for the next couple of weeks while away and travelling between here and then Paris and Eastern Tokyo is looking at probably weekly charts, daily charts, 12-hour charts, maybe 6-hour charts if I get chance but still looking at making that 2, 3, or 4 percent per week while away and trading just for a total of maybe sort of 15-minutes per day.

Again it’s the beauty of trading unlike most of the jobs, you’re not giving up your time for so much per hour, and it’s the quality of your trading that’s the important thing.
So I hope that helps and look forward to talking to you this time next week where I’ll be over in France and hopefully another beautiful day luckily here in San Francisco. So once again this is Andrew Mitchem from The Forex Trading Coach trading not very much time but for some very good trades and if you’d like to join, let me know.

Quick Links


About Andrew
About Paul
Cookie Policy


Free eBook
Free Risk Calculator
Are You New to Trading Forex?
Are You About To Give Up Trading?
30 Minute Forex Trader Update
Online forex video course
One on One Coaching in Person
One on One Coaching – Online
© 2020 The Forex Trading Coach Ltd (NZ FSPR:FSP37396) provides general information and educational courses and materials only. This is not an offer to buy/sell financial products. We do not provide personal advice nor do we consider the needs, objectives or circumstances of any individual. Financial products are complex and all entail risk of loss. Over-the-counter derivative and foreign exchange products are considered speculative because they are highly leveraged and carry risk of loss beyond your initial investment, hence should only be traded with capital you can afford to lose. Please ensure you obtain professional advice to ensure trading or investing in any financial products is suitable for your circumstances, and ensure you obtain, read and understand any applicable offer document.

Latest Podcasts / Videos

#359: What Is Forex and How Do You Start Trading?

 Podcast: What Is Forex and How Do You Start Trading? In this video: 00:26 – The basics of Forex trading 00:46 – Coronavirus and the need for additional income 01:11 – Forex is the best market to trade – here’s why 02:10 – Trading currencies in pairs...

#358: If You Don’t Trade Forex Now, You Never Will

 Podcast: If You Don’t Trade Forex Now, You Never Will In this video: 00:24 – The world has gone mad 00:36 - Traditional investing is not working 01:00 – Why we trade the Forex market 01:21 – You need to be trading right now 01:57 – Email from a client...

#357: Are You Thriving or Just Surviving?

 Podcast: Are You Thriving or Just Surviving? In this video: 00:33 – Paul Tillman was here in NZ last week 01:12 – How we made profit from the Coronavirus news 02:06 – The stats show that only 5% make good money 03:05 – The system and strategy works in...

#356: Will the Coronavirus affect Forex Traders?

 Podcast: Will the Coronavirus affect Forex Traders? In this video: 00:20 – Joined by Paul Tillman from NC, USA 00:40 – Webinars, Trades and the Coronavirus 01:00– Recent webinars and how you can benefit – view the recording 02:45 – Our trading day...

#355: What Does Your Trading Day Look Like

 Podcast: What Does Your Trading Day Look Like In this video: 00:25 – How to structure your trading day 01:06 – You’re not going to be a full-time trader immediately 01:46 – Fit your trading around your current situation 02:10 – My trading day 03:45 –...