Podcast:
Play

Andrew Mitchem interviews client making 24% per year

What’s it take to become a profitable Forex trader? Let’s talk about that and more right now.

Hi, traders this is Andrew Mitchem here, the Forex Trading Coach. I’m coming from the iFX EXPO in Hong Kong where I‘ve been here for the last three days at the expo. I gave a speech yesterday talking about Forex within the Asian region. You can see that on my Facebook page if you want to have a look at that.

What I wanted to do is talk about a person I bumped into here at the expo. His name is Alex. Alex is from India. He came up to me and said, “Andrew, I’ve been wanting to meet you for a number of years, and I’m glad to finally meet you.” Alex is a client of mine. He joined my course back in 2012. Alex started my course back then not knowing anything at all about Forex trading. Here we are, three and a half years after he joined, he’s noq managing funds for people for over four hundred people and he’s now a full-time trader. He’s made twenty-four percent per year for the last two years. This year he’s aiming to push that up to around thirty-six percent return for his clients.

Not only was it an absolute thrill for me to meet him, because I’m so pleased to meet someone who’s doing so well, and meet him in person, but the interesting part that I got out of the conversation with Alex was that it shows that anybody can become a good Forex trader if you put the time and the effort in, and the dedication. Alex, came to me, as I said, three and a half years ago not knowing anything at all about Forex. He was brand new. He said, in his own words, that he’d spent about a year to year and a half going through my course, watching videos, attending webinars, logging into my website daily, using my help, emailing me. It took that length of time. Now he’s achieving something that’s beyond his wildest dreams. His business is growing and growing, as you would expect with a twenty-four percent return for two years running. Bear in mind he’s only risking a quarter to a half of one percent in trade. He’s extremely low draw downs and making massive gains. It’s just fantastic to see that.

What I wanted to let you know with that is that this can be achieved, and it can be achieved with very low risk, but first of all you need that time and the effort into the trading before that happens.

Apart from meeting Alex, I’ve also met a lot of great people within the industry. I’m not knocking trade shows, but it’s very noticeable how a few people here that I’ve met actually are traders. Unfortunately it’s a fact. It’s a lot of brokers, it’s a lot of people promoting software, promoting all sorts of things. That’s fine. It takes all sorts of people within the industry, but there’s very few people that are actively trading. It’s one thing that was nice for myself to meet other traders, and of course, Alex himself. It just goes to show really how valuable education is.

It’s one of the things I took from this session, because it’s not an easy thing to trade Forex. There’s lots of people that have tried, lots of people that have failed. The story just repeats itself. The people who put the effort in, the people that sought good education, are the people that make the money from Forex and last at it, and it helps change their lives just like Alex’s life has changed.

If it’s something that you’d like to know more about, what I encourage you to do is have a look at my website and go and look at Alex’s interview. He was kind enough to spend about five minutes with me, and we had a chat on film. I recorded the session. It talks about his background and how he joined my course and how things have changed for him.

If that’s something you’d like to know more about, what I encourage you to do is have a look at one of my free webinars that I hold each week, whether you’re a new trader or experienced trader, get in touch with me and see how I can help you become another Alex.

This is Andrew Mitchem the Forex trading coach coming from Hong Kong. Catch up with you next week when I’ll be back in New Zealand.

Play

Quick Links

FAQs

Contact
About Andrew
About Paul
Testimonials
Privacy
Disclaimer
Cookie Policy

Resources

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 –...