FAQ’s

Frequently Asked Questions

You can also browse the topics below to find what you are looking for.
How do I buy your course?
Firstly, thank you for showing an interest in both becoming a successful trader, and letting me help you achieve that goal.

Secondly, my course isn’t right for everybody, which is why there isn’t a page with a “BUY NOW” option for you.

Instead, I prefer to know that I can help you before I invite you to join myself and the growing list of successful traders who have taken my course.

For me to do that, please get in touch via our Contact Form, let me know what’s holding you back, and let’s see if I can help you too: Contact Us.

What pairs can I trade your system on?
You can trade any currency pair with the strategy.
How much time do I need to dedicate to trading each day?

This depends upon what style of trader you are or want to be. I have some clients who trade for just a few minutes per week on the Weekly and Daily charts, others trade certain hours during the day on the lower time frame charts. Personally I trade the Daily charts which takes 5–10 minutes each day and then I will look at the 12, 6 and 4 hour charts which takes me another 10-15 minutes each day. My trading takes me less than 30 minutes a day.

What time frame charts can I trade with your system?

Any time frame chart can be traded. If you like to trade less but with higher probability I would suggest the Monthly, Weekly and Daily charts.
From there, I’d suggest the H12, H6 and H4 charts. If you prefer more action you can trade the 1 hour charts or lower. Some of my clients trade only the 15 minute and 5 minute charts. Really this depends upon you and what time frame charts you find suits your available time or trading personality. The great thing with the strategy is it is not limited to just one time frame chart or just a certain time of the day.

I have heard you are keen on good money management, can you explain more?
I believe that good, low risk money management is an essential (yet often overlooked) element in determining your trading success. I trade using the reward:risk theory. I trade with a maximum of just 0.5% account risk per trade. This ensures a smooth equity curve and it also ensures emotions do not control my trading. This theory also allows for any time frame chart to be traded as the individual stop loss of the trade is not important. The important factor is having a trade that returns between 1.5 – 4 times its risk. For example a 3:1 reward:risk trade would mean 0.5% of the account is risked and a 1.5% return is achieved when the trade reaches the profit target. Notice how I have not mentioned anything about the number of pips made or lost on the trade !!
Can I talk with a current client to find out more?

Yes this would be possible. Please contact me directly and request to be put in contact with an existing trading client. Click here to email me

What broker or trading platform do I need to use?

My software works on the Metatrader MT4/MT5 platform that is available free of charge from a large number of International brokers. My suggestions are AxiTrader, Go Markets, Blueberry Markets and Pepperstone who are all based in Australia. You can use any MT4/MT5 broker, even if it’s just on a demo account if you already have a live account with a non-MT4/MT5 broker. However I suggest you use a broker that uses a 5 day week on the Daily charts. This means the charts open at 5pm EST New York Time. Here is a list of other good MT4/MT5 brokers who use the correct start of day charts:

Click here for my recommended list of brokers and other Forex tools

What makes your course different from the others?
There are many reasons, here are a few:

  • I am a full time Forex trader myself and I created the course myself. This means you are being taught by a real trader, not by a stand up on stage salesman who has never traded before.
  • The live trading room webinars are fantastic. We trade on live account in front of you in real time. You can see the account and listen to the reasons why we take each trade. This is a great way to see real time live trading.
  • We make Daily trading suggestions every day which allows you to follow along and “earn while you learn”. We mention the pairs we’re trading, the direction, the reasons why we’re taking the trades along with my exact entry and exit levels.
  • The strategy works regardless of where you live in the world and also regardless of why style of trader you are. Any pair and any time frame chart can be traded.
  • We answer all emails personally. I am based in New Zealand and I work with Paul Tillman who is based in the US and Mikalai Surynau who is based in the UK. Both Paul and Mikalai were clients of mine who have traded so well, they are now part of the team.
  • The strategy is built upon sound, proven technical analysis.
  • You can trade in less than 30 minutes a day. No more watching charts all day long!
If you can make money from trading, why do you teach others?

I enjoy the contact and interaction with other traders. Trading can be a lonely business and I have met and been in contact with some amazing people through my coaching business. I also find that to coach someone I have to know my own course and strategy inside out. Teaching others also helps keep my own trading disciplined.
Paul Tillman and Mikalai Surynau work with me at The Forex Trading Coach. They were both coaching clients and have been so successful with their trading, they are now part of the coaching team. 

Can you tell me what returns you are making per month?

I like to achieve 5 – 10% per month from all of my trades. I use only 0.25 – 0.50% risk per trade. Due to the low risk per trade, drawdowns are kept very low.

Do I have to watch the charts all day or can I trade a set and forget approach?

I prefer set and forget but it depends on the type of trader you are. Some people prefer to make an analysis after the close of each candle.

You can easily trade the system in less than 30 minutes per day and still look at several time frame charts. If you wish to trade just the Daily charts, this will take you just 5-10 minutes a day.

Is the method strictly rule based or is there also an element of discretion?

Some discretion is involved to select which trades to take but that is all covered in the course and webinars.

How long do students take to learn your system effectively?

1 – 3 months. Those who don’t rush succeed. Those that think they know it all 2 days after purchasing the course generally struggle initially before I tell them to take their time, go back and read the notes, watch the videos and attend the trading room webinars.

What percentage of your students do not succeed and why do you think that is?

The 80:20 rule applies. 80% are successful to achieving amazing returns and 20% probably are at breakeven to not successful. You need to have a passion for trading and be excited by it. For some people trading is just not the thing for them while others start introducing old habits when a few trades go against them rather than sticking to what I teach. The strategy is not hard but some people are easily distracted and don’t treat trading as a longer term business. The “I want it all now” mentality does not work if you wish to be a successful Forex trader. This may sound harsh or blunt but it is the reality that most people will never tell you. I know as I have been through this process myself and once you treat trading seriously and take low risk, high probability trades you will become a successful and independant trader which in turn brings all the benefits of income and lifestyle that everyone is seeking when they start out. Most will never achieve this and lack of good education is the main reason.

How much is the on-going subscription fee?

You have full access for a lifetime to the Video Course, the MT4/MT5 Indicators, the Support Site and Email Support. If you wish to continue with the Daily Trades, the Live Weekly Webinars, the Webinar Recordings and the Forum site after the initial 12 months, there is an on-going annual fee of USD$597 (or $197 for 3 months subscription).

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

#385: My Trading Account is up +17% for the Month

My Trading Account is up +17% for the Month  Podcast: #385: My Trading Account is up +17% for the Month In this video: 00:25 – A great September with a +17% gain 01:05 – More bad news from around the World 01:50 – What are you doing about it?...

#384: You cannot become a Doctor from reading an e-book

You cannot become a Doctor from reading an e-book  Podcast: #384: You cannot become a Doctor from reading an e-book In this video: 00:26 – A new review on Forex Peace Army 01:25 – A trader’s journey 02:15 – Trading is limitless 02:40 – Making 10%...

#383: The Right Trading Conditions, with a +6.8% Gain for the Week

The Right Trading Conditions, with a +6.8% Gain for the Week  Podcast: #383: The Right Trading Conditions, with a +6.8% Gain for the Week In this video: 00:26 – An ex-dairy farmer and pilot 01:06 – When the conditions are right 02:02 – Up +6.8% for...

#382: Under 30 years old and Trading Forex?

Under 30 years old and Trading Forex?  Podcast: #382: Under 30 years old and Trading Forex? In this video: 00:30 – Trading for the younger generation 00:55 – The benefits for the under 30’s 02:39 – Master the skill of trading 03:50 – Time is your...

#381: Trading in Preparation for Retirement

Trading in Preparation for Retirement  Podcast: #381: Trading in Preparation for Retirement In this video: 00:27 – Preparing for retirement 01:23 – The traditional way has disappeared 02:07 – Recent examples 03:47 – Results from a client in Germany...