Weekly Video News & Podcast

#428: Become an Investor, Not a Follower

Sep 19, 2021

Become an Investor, Not a Follower

Podcast:

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#428: Become an Investor, Not a Follower

In this video:
00:26 – Rich Dad Poor Dad email
02:24 – Unrealistic expectations
03:28 – Live webinar with Ryo Chong – come and learn
05:30 – Where to invest your funds?
06:50 – Register for the webinar on 25th September

I’m going to talk about why you should focus on becoming an investor for yourself and not a follower. Let’s talk about that and more, right now.

Hey traders, it’s Andrew Mitchem here at the Forex Trading Coach with video and podcast number 428.

Rich Dad Poor Dad email

And I have received an email this week from a guy I’ve been following for years. You probably heard of him, Robert Kiyosaki from Rich Dad, Poor Dad. I’ve been following him, read all his books and think that he just offers some really good, sound, sensible, common sense advice. I’d like to think that I do the same. But I’d like to read an email and a quote from him that I think relates to so many Forex traders out there, and it’s all about investing and why you should learn to invest for yourself. But he asks the questions, do you really want to invest? And what he means by that is, he says that every day he receives emails from people, he talks to people and he says, basically, a lot of people are just too lazy to invest.

And instead, they want him to tell them what to do. And he said, “That’s not investing at all, that’s just simply following instructions.” He goes on to say, “That when people want to invest in something, what they really mean is they want someone else to tell them what to do.” And he says, “Do not follow that path, instead, focus on becoming an investor.” And it’s what I tell people to do all the time. It’s what I’ve been saying on these last 428 videos and podcasts, just like this. And it’s great that he says exactly the same thing. Because like he says, he finishes up by saying, “When you are an investor, you know how to choose your own,” he’s talking about the stock market, but same thing with currencies, “You know how to choose your own stocks. You will know how to determine your profit goals, how to manage your risk, and so much more. When you are an investor, you will possess a life skill that no-one can take away from you.”

Now, just think about that for a second. That’s so true, isn’t it? And that’s why I constantly say that good education is the cheapest thing you can do if you want to become a good Forex trader.

Unrealistic expectations

Now, I had a guy email me just this week saying that he’s got about a thousand dollars to invest, and he expects out of that to learn from me and make a thousand dollars every week. And it’s like, “Do you really think that’s going to happen?” And I can bet he will be the sort of guy that all he would want to do is just follow and follow and follow. Now, that’s great, and as part of the course, we offer that ability to follow. We post our daily trades, our forum site trades, et cetera, our live webinars, and that’s exactly what we do. But leading on from that, our aim as Forex coaches, is to help you become independent profitable Forex traders, whilst learning from us along the journey. And that’s part of the community that we have.

But ultimately, in order to invest properly as yourself, you’ve got to learn to stand on your own two feet and do this properly for you. And that’s the difference between someone that makes it and someone who doesn’t.

Live webinar with Ryo Chong – come and learn

Now, leading on from that perfectly, is that next Saturday on the 25th of September at 2:00 PM Singapore time, I’m going to be holding a live webinar and a masterclass with one of my best new clients. His name is Ryo Chong, he lives over in Singapore, and hence why we’re holding the session at two o’clock in the afternoon on Saturday, Singapore time, live. We’re going to be sharing with you all about how we trade. And more importantly, Ryo is going to be sharing with you how he started his Forex journey, how it wasn’t working, how he then joined us, the work, the effort that he goes into on a daily basis since he’s joined us to learn the course, learn the strategy. And now, in just under five months, he is achieving incredible results. He’s posting on our forum site multiple times daily with profitable trade after profitable trade.

And he’s going to be sharing with you on this live webinar exactly what he’s doing. Now, if you’d like to jump onto that webinar, it’s invite only via this video and podcast. We’re deliberately going to keep it small. We’re asking people around the Asia area, the Singapore, Malaysia, Vietnam area, if you want to jump on that, we’d love to see you on there. But on this video and podcast, I’m inviting it open to everybody else to email me and I’ll put a link on this video and podcast so you can join in on that live webinar. We’ll be restricting numbers, hence we haven’t really promoted it too much outside of Asia right now. But if you’d like to jump on that live and learn from myself and Ryo for about an hour on Saturday, please just click on the link that you’ll find on here.

Where to invest your funds?

Now, lastly I want to talk about where you invest your funds. I can help teach you how you trade, what to look for, when to enter, when to exit, risk management, reward to risk, all those things, and we’ll cover that with Ryo, as well. But when it comes to where to place your funds, somewhere that’s safe, that’s reliable, I can honestly tell you that Blueberry Markets will be one of the best places you can look into. But don’t just take my word for it, do the investigation, do the due diligence for yourself. All I can tell you is I have sent hundreds and hundreds of Forex traders to Blueberry Markets over the years. And the feedback, the response, is the same every time. It’s, “Wow, these guys are awesome. They made the onboarding process simple. Their follow-up, their service, is simple.” And to test it, just give them a call. Give them a call, phone them up, send them an email. And the response time will be just so quick, it’ll blow you away. Answering the questions will be awesome.

And so, if you want a safe, good, reliable place to trade on the MetaTrader 4, MetaTrader 5 platform, Blueberry Markets is just one of the top choices you could make. And again, I’ll put a link to Blueberry Markets on this video and podcast.

Register for the webinar on 25th September

So that’s it for me this week, I look forward to seeing you on the webinar with Ryo and myself live Saturday, the 25th of September. And again, I’ll put a link on here. I hope that helps. And remember that, again, as coaches, our aim is to help you along and, sure, we’re following, definitely, definitely follow what we do. Follow how we trade, that’s your learning process. But ultimately, our aim is to make a really good, independent, successful Forex trader out of everybody who joins us. That’s our aim, that’s what we achieve. I’ll see this time next week, and this is Andrew Mitchem at the Forex Trading Coach.

Episode Title: #428: Become an Investor, Not a Follower

Click Here To Learn More About Blueberry Markets

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#427: How to Trade while on Holiday/Vacation

Sep 12, 2021

How to Trade while on Holiday/Vacation

Podcast:

Podcast: Play in new window | Download

Click Here To Learn More About Blueberry Markets

Click Here To Learn More About Echo Trade Copier

Click Here To Learn More About TFTC Pattern Trader

Click Here To Learn More About 1-on-1 Private Online Coaching with Paul Tillman

#427: How to Trade while on Holiday/Vacation

In this video:
00:26 – Trading while away from home
00:53 – Trading in less than 30 minutes a day
02:09 – Amazing feedback about Blueberry Markets
02:48 – Credit offer on our Echo Trade Copier
03:46 – Paul Tillman on holiday/vacation in Florida and trading
04:45 – TFTC Pattern Trader and Echo Trade Copier
05:35 – Get in contact with Paul Tillman regarding one on one tuition

I’m going to talk about how you can trade whilst on holiday or vacation, and show you how Paul Tillman’s been doing just that for the last two weeks in Florida. Let’s talk about that and more right now.

Hey, traders, Andrew Mitchem here, at the Forex Trading Coach with video and podcast number 427.

Trading while away from home

That’s right. I want to talk about trading while you’re away. And Paul’s been over in the US trading, with his family on holiday or vacation as they call it, for the last two weeks, spending time at Disney World. And I’m going to cut to a video in a couple of minutes that Paul has made, especially for you. Stood outside of Princess Castle with his Mickey Mouse ears on, making a video just for you, for this week’s video and podcast. So we’ll get to that shortly.

Trading in less than 30 minutes a day

But the thing I want to cover is he’s done that whilst trading in less than 30 minutes per day. And Paul explained how he’s done that. And the reason is, is because we only look at the close of a candle for a new trade. Give you a quick example. Wednesday of this week, we posted six trades on our membership site on the daily chats, all in to profit. Four of them have closed for full profit as I’m talking to you right now. Two still open in profit. Yesterday, being Thursday, no daily trades. Happens sometimes. The market was a little bit quieter, but I took a 12 hour and a six hour at the 5:00 PM, New York close, and profit out of those as well. And clients follow these as well, by the way.

Just last night my time, I took five trades on our 12 hour charts at the 5:00 AM Eastern Standard Time, change over, all in profit and it just shows what can be done, but just really it’s about less is more. Quality of trades, taking them when you see them, knowing when to look at your charts. When you see the setups, knowing exactly how to enter and exit. It’s the same principle. It’s low risk trading, but high reward to risk trades.

Amazing feedback about Blueberry Markets

So just wanted to also, before we go to Paul, give a quick shout out for Blueberry Markets over in Australia. The feedback that I’ve been getting from people who have never traded through them, and now gone through to them over the last few weeks, has been unbelievable, just constantly good feedback. And people don’t really compliment brokers, do they? It’s very rare. Everybody’s quick to moan at a broker, but not many people compliment a broker. And I’ve got a very high number of emails, people saying to me, “Hey Andrew, you recommended me go and look at Blueberry and consider trading through them and I’ve done it. And it’s fantastic, and it’s a really enjoyable process. And I appreciate you letting me know about them.”

Credit offer on our Echo Trade Copier

One thing, also, at Blueberry, as I mentioned last week, I’ve managed to twist their arm and I’ve got them to extend their credit offer on our Echo Trade Copier account. So if you want to have your account traded automatically or auto-magically, as I like to call it, at the same ratio as my own master account, then Echo Trade Copier is the place to go. And Blueberry Markets will give you a credit for a new account for up to 12 months credit of our Echo Trade Copier service once you open a new account with them and fund it. So it’s a really great opportunity. Right now we’re up about 30%. Great opportunity for you to grow your account, basically for no charge. How good is that? Blueberry Markets, I’ll put a link to them and that offer on this video and podcast.

So that’s it for me right now. I’m going to stop the video and go straight over to Paul. Who’s over in sunny Florida, and I’ll see you this time next week. Here’s Paul.

Paul Tillman on holiday/vacation in Florida and trading

Howdy, traders. Here I am at the Princess Castle in Orlando, Florida. Here with my family, here at Disney World and coming live to you today.

So, I want to talk to you about trading and how you can do that in just a little bit of time and how I’ve done that this week. So I’ve been on vacation with my family this past week, and I’ve still been able to trade all the important Forex times, 30, 40 minutes a day. You can get daily charts, weekly charts, all in timeframes you can still do in Forex. We’ve got hundreds and hundreds of clients who are trading the market. They’re on our forum site, they’re on our webinars, and you can do this all in just 30 minutes to an hour, a day. You can do six hour, eight hour, 12 hour, daily, weekly, monthly, all of the important steps that you need.

And the great thing about it is the fact that I’m on vacation right now, spending with the family, and I can still trade the Forex market.

TFTC Pattern Trader and Echo Trade Copier

In other news, we have our TFTC Pattern Trader software where clients are using their bots and extracting great percentages. Are also using Echo Trade Copier, which is our trade copier service. We’re up nearly 30% in eight months time.

So, in other news, we’ve got several updates going on with the webinars and the forum site. Clients are just coming by the droves, hundreds and hundreds, each month, each week, and who were trading the Forex market, just like we are. So during the day, we’re here at the Disney parks, I can get on my computer, go check the daily charts one time a day, 10 minutes, and then I’m done for the day, if I only trade the daily charts.

So, I can go back to enjoying vacation, enjoying time with family, and so can you.

Get in contact with Paul Tillman regarding one on one tuition

So if you are interested in that, in our automated software, either with TFTC Pattern Trader or our trade copier software with Echo Trade Copier, or our course in general, I’m Paul Tillman. I work with Andrew. If you are interested in the course or any of those other things, even our one-on-one coaching, I’ve got hundreds of clients who have taken advantage of the one-on-one coaching, we’ll get on a Zoom session and talk about any trades or questions, anything you want to discuss for an hour. And many clients are taking a big, huge advantage of that. They’re making big gains, they’re refining their trading, and it’s very enjoyable to teach and see clients improving.

So, that’s all for now. I’m going to get back to vacationing with the family. This is Paul Tillman with the Forex Trading Coach, obviously Andrew as well. And we’ll see you again for another topic next week. Goodbye from sunny Florida.

Episode Title: #427: How to Trade while on Holiday/Vacation

Click Here To Learn More About Blueberry Markets

Click Here To Learn More About Echo Trade Copier

Click Here To Learn More About TFTC Pattern Trader

Click Here To Learn More About 1-on-1 Private Online Coaching with Paul Tillman

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#426: Why You Don’t Need Money to Trade

Sep 5, 2021

Why You Don’t Need Money to Trade

Podcast:

Podcast: Play in new window | Download

Click Here To Learn More About Blueberry Markets

Click Here To Learn More About Echo Trade Copier

Click Here To Watch Ryo’s Testimonial

Click Here To Learn Check Out FPA reviews

Click Here To Learn More About my TFTC Forex Coaching Course

#426: Why You Don’t Need Money to Trade

In this video:
00:29 – The perception that you need a lot of money to trade
02:46 – I’m looking at starting a lower cost course. Are you interested?
03:54 – Blueberry Markets will extend their Echo Trade Copier offer
05:15 – A new video from Ryo on our Testimonials page
06:09 – Great new reviews on the FPA site
06:52 – Live trades on live webinars, 4/4 Profitable trades
07:52 – Get involved

I’m going to explain to you why you actually don’t need money in order to trade properly. Let’s talk about that and more, right now.

Hey traders, it’s Andrew Mitchem here, the owner of the Forex Trading Coach with video and podcast number 426.

The perception that you need a lot of money to trade

I’ve got six things I want to talk to you today about, so lots to cover. First thing is about the common perception that people have. They think they need a lot of money in order to trade. The reality is, you don’t. Sure you need to learn how to trade, but in terms of having a massive account size once you know how to trade, you don’t need to. A lot of things you can do.

One thing you could do is have a subscription service and sell trading signals, exactly we do for our Echo Trade Copier. You charge $50, $100 a month, and people can follow you automatically and you can build up your account size that way. But another way that a lot of people don’t realise is the massive amount of emerging prop firms out there. And what that means is, for some of them they may charge you a small amount to get started, and they may give you then a small amount of funds and you have to prove to them that you can trade by making X percent with the restrictions they have in place, with low draw downs, et cetera.

And then over time, if you’re good, they will then increase that amount of capital that they will allow you to trade on their behalf. And then for some of them, there may be a 50/50 split. So if you’re something like up to $100,000 account, and of course you could do this on several different firms as well, but let’s say you had a $100,000 account, you’re making, let’s say 10% in a month. What’s that? That’s $10,000. You’re doing a 50/50 split on revenue. You could be $5,000 a month from different prop firms, earning for yourself. And that way, you can then invest that back into your own personal trading fund and trading account and earn on that as well.

So, many ways that you can do it. Don’t just think, “Oh, I’ve got $2,000,” or, “I can’t do this. I don’t have enough in my account.” A lot of people say to me, “Hey Andrew, if I bought your course, I don’t have any money left in my trading account to trade with.” But it’s just the wrong way of thinking. You have to learn to trade first. You’ve got to invest in your education and yourself first. All the prop firms signals is fantastic, but once you know what you’re doing, and that’s the important thing. So, get the process right to start with.

I’m looking at starting a lower cost course. Are you interested?

So, that leads me on to point number two. I’m thinking about starting a low cost course. So, for less than the price of a cup of coffee each day, I’m looking at having a group of people together with a completely different smaller membership site with some trading videos, still with access to my daily trading suggestions as well. It’s something that, I think there’s a lot of people out there that would like that kind of thing. Let me know if you’re interested. If you are, just send a reply or email me, andrew@theforextradingcoach.com, or just send reply to this email that you get the video on, or the podcast on, and just let me know if you’re interested. It’s something that I’m looking at starting up in the next few weeks if you’re interested. Just be a small, so maybe like a Facebook group membership type course, but a lot lower costs than the normal course. And like I said, for less than a cup of coffee per day, plus you get my daily trades. If you’re interested, please just let me know and I can then send you details when we have something put together.

Blueberry Markets will extend their Echo Trade Copier offer

Point number three, I’ve been talking with Ben Clay over in Melbourne, over in Blueberry Markets. And I’ve asked them if they can extend the credit system that they have for our Echo Trade Copier service, and they’ve agreed to. It was ending at the end of August, and I’ve asked them if they can extend that, which they have agreed to do for the next few weeks. So, if you’d like to take advantage of the Echo Trade Copier service that I have, it’s averaging about 4% gain per month with very low draw downs.

Echo Trade Copier automatically trades on your empty four, empty five account, via signal start. And if you open a new account with a Blueberry Markets using the link that I’ll put on this page, Blueberry Markets will credit your account with the equivalent monthly fee for the copier service. So, that’s a really good thing, and thank you to Blueberry for extending that offer. I’ve been with Blueberry Markets for many, many years, find them a fantastic broker to trade with, and I’ve sent hundreds and hundreds, if not thousands, of people to them over the years. Fantastic feedback all the time. Great customer service, you will not beat their customer service. So, that’s point number three.

A new video from Ryo on our Testimonials page

Point number four, I’ve added a video to our testimonials page, and again, I’ll put a link through to that on this video and a podcast, with an interview that I held last week with Ryo. So Ryo joined us back in about April. He lives in Singapore. His trading is just incredible. He’d been through a couple courses before he joined us here at the Forex Trading Coach, but some of the trades that he’s posting on our forum site are just amazing. He is doing so well. It’s a 45 minute interview. I really encourage you, if you’ve got any interest at all in learning how to trade, whether you’re new or experienced, just get to watch it. Go and watch it, because it’s Ryo talking about his journey, his experience in trading, and what he’s currently doing now to get such amazing results. That’s on our testimonials page.

Great new reviews on the FPA site

Point number five, we have had some really nice reviews on Forex Peace Army over the last few weeks, and we’re now up to 156 reviews, I think it is, at about 4.8 stars out of five over the last 12 plus years. Go and have a read of those as well from some people who’ve been with us for over a year. I think three out of the four most recent reviews have been with us for over a year. So these are not reviews from people who just bought the course last week and are on a demo and think, “It’s amazing because I’m learning something. These are people who started well over a year ago, they’re trading live, and they’re doing really, really well. So, go and have a look on the Forex Peace Army site at those reviews.

Live trades on live webinars, 4/4 Profitable trades

And point number six, I want to just give you an update about a live webinar I held just last night in the European session with our clients. I posted four trades, took four trades live on the session. All four trades hit their profit targets. A buy trade on the Euro/US dollar, a buy trade on the British pound/Japanese yen, and also a buy trade on the six hour chart on the Canadian/Swiss Franc. So that’s three and there was one other… Oh, that’s right, we took an oil trade as well. There was an oil trade on West Texas, I think it was. West Texas or Brent Oil. Six hour chart as well, one of the two oils there, and that also hit the profit target.

So, all those trades were posted and shown on a live account, taken in real time, showing the reasons why the exact entry and exit levels, all of them hit their profit target. Lots of green lights when I woke up this morning on my trading account, which is very pleasing to see.

Get involved

So, if you want to be part of this, come and have a look at what we do every day, how we help traders from right round the world, clients in 98 countries over the last 12 years, over 3000 people on the course doing really well and loving it. So, we’re here at the Forex Trading Coach, and we look forward to seeing you this time next week.

If you do have any questions you’d like me to cover on future videos and podcasts, just email me and I can add those to the list for future events. And feel free to share if you’re watching the video or listening to the podcast with friends, family, anybody who you think would benefit from learning how to trade properly. I’ll see you this time next week. Bye for now.

Episode Title: #426: Why You Don’t Need Money to Trade

Click Here To Learn More About Blueberry Markets

Click Here To Learn More About Echo Trade Copier

Click Here To Watch Ryo’s Testimonial

Click Here To Learn Check Out FPA reviews

Click Here To Learn More About my TFTC Forex Coaching Course

Podcast: Play in new window | Download

#425: Things to Know as a New Forex Trader

Aug 30, 2021

Things to Know as a New Forex Trader

Podcast:

Podcast: Play in new window | Download

Click here to learn more about Blueberry Markets

Click here to Learn More About Echo Trade Copier

#425: Things to Know as a New Forex Trader

In this video:
00:22 – Are you brand new to trading?
01:01 – You can do well from trading, if you know where to look
01:58 – Start with a small demo account
03:53 – Choosing a good broker
04:40 – Echo Trade Copier is at +30.7% in 6 months
06:32 – Tips for new traders – find the right people
07:24 – We’ve helped over 3000 traders from 98 Countries over 12 years

How do you start out as a brand new Forex trader? let’s talk about that and more, right now.

Hey, traders, it’s Andrew Mitchem here at the Forex Trading Coach with video and podcast number 425.

Are you brand new to trading?

And I want to make this video for you if you are brand new to trading or if it’s something you’re just looking at getting into and you don’t really know where to start because the Internet’s an absolute minefield. There are so much information out there online about Forex trading. Unfortunately, most of it’s not particularly good, and most of it’s written by people who are not really traders. So you got to be a little bit careful out there. And it’s almost like if it’s too good to be true, just don’t go there.

If it’s all showing you flash cars and Ferraris and people sitting on their laptop on the beach, don’t go there.

You can do well from trading, if you know where to look

But the good news is, is that you can do extremely well from Forex trading, but you just need to know how to get there first. So when you start out, it looks flashy. There’s flashy results, there’s flashy indicators, there’s all these cool things. But just take it back a step and treat it real. I really encourage everybody to do research. Don’t just jump in head first and think you’re going to become a millionaire by next week, because you’re not going to make that work. It’s going to end very, very badly. Do not treat it as a gamble either.

Now, if you think about starting something new, new sport, hobby, whatever it is, job, anything at all, you’ve got to start at the beginning and find someone to help you, coach you, and that’s important as well. You’ve got to have support around you, and there’s nothing better than basically to sort of fast track yourself by getting some good help and good support.

Start with a small demo account

Now when it comes to the charts, I would suggest that you get onto a demo account and you start with a small demo account. Don’t start with $100,000 demo account because reality is, is that for almost everybody, you’re never going to start with $100,000 live account, so don’t start with a demo account of that size. It’s just going to fall you and get you into a false sense of security.

Look, I made that mistake myself 17 years ago. Back then, there weren’t people like myself helping other people like you out there and giving you the realities of training. So I’ve made all the mistakes. Trust me. It took me about four years of going round and round in circles making these mistakes and I can help shortcut those for you. So when you get onto a demo, treat it like it’s real money and try and work out what’s actually happening in the market. Look at candles, what they’re doing, what they’re telling you. Look at correlation between different currency pairs. Look at the price on the right-hand side axis on your charts and just see where the price is moving to and why, where it’s stalling, where it’s changing around, see how different timeframe charts interact with each other.

What time of the day do different things happen, and what’s happening at that time in New York or in London, and actually figure out what’s happening and why. If the Australian and U.S. moves up, does the Australian yen move up with it? Does something like the pound Australian then move down at the same time? So you’re getting the correlation, you’re understanding strengths and weaknesses. So there’s a lot you can do to help train your eye, to start you trading, by getting those basics understood first. Look at things like round numbers. Oh, the price has stored at a 00 level or 50 level. Funny that, because that’s the psychological bounce level.

So then you’ll start to build that picture up of why things are moving and where they’re likely to go to and why. So really important that you do that.

Choosing a good broker

Now, moving forward from that, when you get onto a live account, you’ve got to, of course, choose yourself a good broker. One of the best recommendations I can make is Blueberry Markets over in Australia. They can take clients from almost every country. It cannot take clients from the U.S., unfortunately, and that’s a licencing regulation thing. But if you’re not from the U.S., Blueberry Markets would be one of the best brokers I can suggest. Very good customer service, good platform, MT4, MT5. Really good guys. Got security view funds there. All the things that you need when you go to a real account. And I’ll put a little link through to Blueberry Markets on this video and podcast for you to go and have a look. Just say that you’ve been watching my videos and podcasts, and they’ll really look after you there.

Echo Trade Copier is at +30.7% in 6 months

Other things you can do is you can follow along with our trade copier, Echo Trade Copier. Right now, in six months, that’s up 30.7%, 3-0, so 30.7% in six months, so something that you can do like that to help boost your account. And again, I’ll put a link to Echo Trade Copier. It’s 100% automated copying, and if you go through Blueberry Markets in the next week or so and open a new account with them, and they will credit your account with the Echo Trade Copier monthly fee as well. So again, I’ll put a link through to that.

And lastly, I want to share with you a couple of comments that have come through, one by email one on our forum site, just to share with you, as a new trader, the importance and the value of support. Now, the first one here is from Percy. Percy said, “Andrew, I’ve just completed my one year with you since I joined the Forex Trading Coach.” And Percy went on to explain, to start with, it took a bit of time to get going and things went really well, then they fell away. And he said to me here, “In the last 90 days, I’ve made 17.3% gain,” on his live account, in the last 90 days. So, that’s pretty impressive, and it just shows with support and with help and with a strategy, how he’s done that groundwork, done that hard work, out front, learnt things, and now he’s flying. 17.3% in the last 90 days. That’s fantastic.

Add a comment here from Jayden. This came through just overnight on our forum site. Jayden said, “Hey, I just want to say a massive thank you to both Andrew and Paul. I’m so grateful to find such great mentors who answer questions and go over everything in detail. You really have transformed my trading and you’ve made me persevere through something I never thought I would achieve. I owe you a lot. You are both amazing and patient mentors.”

Tips for new traders – find the right people

So anybody out there that’s new, do not underestimate the value of good support, good strategy, people to follow who know what they’re doing. And I’ve mentioned this before. You’re going to play a new instrument. You’re going to go and get taught by someone who knows how to play their instrument. Seven or eight years ago, I learnt how to fly helicopter. I went to the best people I could find to teach me.

A few years ago, I wanted to play squash. I went to a professional coach to help teach me the best way, because it’s money spent in yourself, in your education, in your safety, in terms of trading, in terms of your finances, your safety of your funds, the enjoyment of it. If you’ve got an interest in anything and you want to do it well, seek out the people who can help you the best.

We’ve helped over 3000 traders from 98 Countries over 12 years

And that’s where, for the last 12 and half years here at Forex Trading Coach, we’ve helped over 3,000 trading clients from 98 countries to help them succeed as far as a Forex trader, and then an independent Forex trader. Sure, with our help to start with, so they understand what they’re doing, and ongoing support like Percy here and Jayden, but our aim is to help you become an independent and successful Forex trader. Low risk, high reward to risk trades so you can do this yourself.

And look, there’s nothing better. If you want our help, you know where to find us, here at the Forex Trading Coach. I’ll catch you this time next week. Bye for now.

Episode Title: #425: Things to Know as a New Forex Trader

Click here to learn more about Blueberry Markets

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#424: Making Money from The Daily Chart Trades

Aug 20, 2021

Making Money from The Daily Chart Trades

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#424: Making Money from The Daily Chart Trades

In this video:
00:26 – Lockdowns and how we can trade as normal
01:05 – Follow us trading on the Daily chart trades
01:50 – Posting trades every day of the trading week
03:36 – August D1 trades at +12.1% in 3 weeks
04:20 – Client in Singapore takes 5x H2 chart trades and all 5 hit their profit targets
05:33 – We post MN1, W1, D1 and other time frame chart trades
06:14 – Trading at Blueberry Markets
07:25 – Free access to Echo Trade Copier via Blueberry Markets

I’m going to explain to you how our daily trade suggestions on our membership site are making our clients profitable. Let’s talk about that and more, right now.

Hey traders, Andrew Mitchem here at The Forex Trading Coach with video and podcast number 424.

Lockdowns and how we can trade as normal

Coming to you from yet another lockdown in New Zealand. One of the great things with trading is whatever these governments are doing, clearly not working, trading from home it doesn’t really matter we can just carry on with our lives. It’s a great opportunity if you are stuck at home, obviously Australia’s in lockdown again right now and who knows what’s happening here because I don’t think anybody does, if you ever want to get to a stage where you can forget all that and just enjoy making a really good income from home, Forex is one of those few options that you have.

Follow us trading on the Daily chart trades

So let’s talk about the daily trades now. One of the issues that traders have when they start is they don’t know really what to do. They lack strategy, they lack confidence. The self-doubt. There’s not really a lot of people you can ask when you’re developing a strategy or even following someone else’s strategy. It becomes a problem, because you start doing things wrong, you start adding things or bringing in a bit of a system that you used to do. It just develops into a big mess, really. Self-doubt comes in and you start losing trades and you give up. You go through the whole cycle again. If you’ve been trading for anything length of time you know exactly what I mean.

Posting trades every day of the trading week

One of the things that we offer at The Forex Trading Coach, and have done so since 2010, is every day of the trading week, five days a week, we post specific trades based off the daily timeframe charts. Great thing about the daily timeframe charts is it gives us one, two, three trades a day most days. It also means it doesn’t matter where you live in the world, you can place the trades. It doesn’t matter what timezone, what work commitment, or anything. Whether you’re in lockdown or not in lockdown, you can place these trades. We’ve got clients in 98 countries, active clients in 98 countries, and no one has an issue because of the way that we place the trades using limit orders.

So one of the advantages of that is that you can go to your charts, you can see the trades that we’re placing based on our updates each day on our membership site. Now we talk about the specific pair that we’re trading, the direction that we’re trading, two or three sentences about why we’re taking that trade, plus the exact entry and exit levels. Now, it does a number of things. Obviously if we get that right, all the clients earn money. And that’s great. We’re placing the trades ourselves, and of course we aim to get profitable trades. But the other thing is, and it’s often an overlooked part of it, is that is training your eye to actually see the set up. And it’s in real time, so we’re not hindsight traders, we’re not economists. I’m not telling you what happened yesterday. We’re saying this is what we’re trading today and why and here are the entry and exit levels, which is of course what you learn in the course anyway. So that helps you to develop confidence.

August D1 trades at +12.1% in 3 weeks

To give you an example, if you’d taken the trades that we posted just in August, and here we are today on the 20th of August, just at 1% risk per trade, you’d be up 12.1% for a month. Now think about that. 12.1% for the month in three weeks on a live account that you’ve been trading, and all you’ve done is followed what we’ve done on one timeframe chart. So of course it’s going to give you confidence because you’re making money and that’s great. Your draw downs are absolute minimal, but also you’re learning to see the strategy. You’re learning to see the pattern. You’re learning to understand more about that and have confidence to see the pattern, see the trade, take the trade. And so that develops onto something else.

Client in Singapore takes 5x H2 chart trades and all 5 hit their profit targets

Now a prime example was an email I’ve just printed out, sorry it’s a screenshot, of the webinar that we had yesterday and it also mentions our forum site. And on here, we’ve got a client called Ryo over in Singapore. He said, “Hey Andrew, the Euro/Pound, US/Yen, and Pound/Yen two hour chart trades…” That by the way he posted on the forum site, “…Have hit profit. The Singapore Yen and the Pound/Franc not too far away.” Then he posted another update a little while later and goes, “Pound/Franc also hit the profit target and jackpot. Now all five have hit profit.” So that’s on the two hour charts. Using exactly the same strategy, exactly the same entry and exit criteria, exactly the same pattern, here’s a client taking five two hour chart trades by himself and they all hit profit.

So you can see the advantage of learning the strategy having someone to help you and the confidenc e that comes with that. It just all develops into an overall package that the person gets to understand. And it all comes back to the daily trades. Now of course we post monthly chart trades.

We post MN1, W1, D1 and other time frame chart trades

And by the way we’ve got five trades going behind me here on the monthly charts all in profit right now. We post weekly charts and we post offline charts when we see them happening as well on our membership site and on our forum site. Plus of course we take trades live on our live webinars. And other people, other clients like Ryo here, he’s posting some amazing trades as well by the way, he’s just doing so well. It’s really pleasing to see. But other clients are posting trades in real time when they see them on our forum site. So you put all that together and you’ve got such a massive choice of trades that you’re taking and profits are just incredible. So you can see how that works.

Trading at Blueberry Markets

Now, one other thing to mention… Now of course it’s all well and good having a strategy and knowing how to trade and having profitable trades. But you then need to find yourself a good broker to place your trades with and place your funds with. One of the brokers that I use and recommend are Blueberry Markets in Australia. Been with Blueberry Markets for years now. I speak to Ben Clay who’s one of their head guys probably once a week. I’ve met Dean Hyde over in Sydney back in those days. Remember those days when we were allowed to go on aeroplanes . We certainly can’t here, anyway. Hopefully where you are in the world you’ve actually got a bit of a normal life coming back again. But yeah over in Sydney a few years ago I met Dean. Good guys. He owns the company as well, by the way, which I think is a massive plus. It’s not one of those massive organisations where it’s completely impersonal. It’s completely the opposite; it’s very personal when you’re dealing with Blueberry, and I think that’s important as well. So you’re dealing with real people who understand the market, who own the company and I think that’s a big, big plus for Blueberry Markets.

Free access to Echo Trade Copier via Blueberry Markets

If you want to know more about the offer that Blueberry Markets are offering to give you access to our Echo Trade copier service for free, you’ve got until the 30th of August to jump on board with that offer. And they’ll credit you with the monthly fee for the Echo Trade copier service. I’ll put a link on here on this video and podcast for you to find out more. So once again, this is Andrew Mitchem here at The Forex Trading Coach. Don’t underestimate the power and the value both monetary and emotionally of following someone and doing that on a regular basis to help take your trading to the next level. If you’d like to find out more, have a look on our website theforextradingcoach.com, and we’re here to help. See you next week.

Episode Title: #424: Making Money from The Daily Chart Trades

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#423: Preparation is the Key to Your Trading Success

Aug 15, 2021

Preparation is the Key to Your Trading Success

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#423: Preparation is the Key to Your Trading Success

In this video:
00:21 – Hard work and preparation pays off
01:47 – It’s the same in learning how to trade
01:59 – The planting of 1500 trees
02:43 – Trading on a demo account – the ups and the downs
04:05 – Once you’ve done the hard work, the rest is the easy part
04:30 – Daily trades up +11% gain in August, plus feedback from a new client
05:30 – Blueberry Markets will fund an annual subscription to Echo Trade Copier
06:50 – Sharing some of the tree planting images
07:46 – You must take action if you want to succeed
08:36 – Contact us if you really want to learn how to trade properly

Some preparation and some hard work up front are the keys to your Forex success. Let me share details with you and explain more right now.

Hey, traders, Andrew here with video and podcast number 423.

Hard work and preparation pays off

Brought you outside. I want to share a few things for you that are non-Forex related and then show you how they blend in and can help you with your trading. So here we are outside and little bit hard to see here, but over the last few months, myself and my wife, we’ve cleared one of our steep sidling gullies here. I’ll show you more in a minute with some more pictures. And this was just scrub. It was just utter rubbish, full of bramble, gos, really high, just full of utter rubbish. We’ve cleaned it out. We’ve cleared it. And over the last three weekends, myself and my wife, we have done all the hard work ourselves. We’re planted 1,500, that’s 1,500 plants here over the last three weeks. It’s been hard. It’s been dirty. It’s been wet. It’s been cold at times. The ground’s slippery, but we’ve done all the preparation. We cleared everything first. We did that boring groundwork. And when you’re doing that preparation, there’s not a lot of reward in it. There’s other things you’d rather be doing. Let’s face it. But the preparation is key. If you don’t get the preparation right, then all the subsequent work that you do with the planting, it’s pretty much wasted.

It’s the same in learning how to trade

And when you think about it, trading’s exactly the same. If you don’t do your groundwork, if you don’t learn something properly, if you don’t put the time and the dedication into it, then the rest of it’s pointless.

The planting of 1500 trees

We then moved on to the planting. Little bit more exciting when you’re doing the planting. You can actually see you’re making some progress and then we’re putting all these covers, to stop rabbits and everything else happening here. So the trees have a good chance of growing, good success rate. Let’s see in here. There’s heaps of them. There’s 1,500 of them here we put in. It’s basically restoration of gullies back into native plants, so it’s good for the birds, good for the environment, good for the land good for everything really. And it’s just totally useless land otherwise.

But the reason why sharing this with you is that once you get into the planting and the trees, you can something happening.

Trading on a demo account – the ups and the downs

And it’s a little bit like getting onto a demo account. You start to put things into practise, you can see some action. But the thing is, and I’m going to share with you some of the slopes that we’ve planted a little bit later, is this is again, this hard work, and you’ve got to do it properly. I’ve been slipping down this bank here being covered in mud, here getting rained on. Again, it’s hard work, but you’ve got to keep going if you want to get there. And if you really want that goal of trading properly, of seeing this grow, whatever it is, you’ve just got to keep going. It’s quite hard when you’re putting in 20, 30 plants and then you go back and pick up another hundred and then you see there’s hundreds more still sat there, ready to go. And you’ve got to do it all.

Like I said, myself and my wife, we’re putting in every single one of these. We’ve made all these cardboard coverings here. We put all those in as swell. Lots and lots of hard work and dedication. But if you get that right, and it’s the same with your demo account, you learn, you do your preparation, you learn on your demo and you get it right, then the rewards are massive. It’s like this. Give this a couple of years. and the rewards here will be` massive. This will just be this beautiful, incredible bush here.

And it’s the same in trading. It’s the same in trading that once you have done that prep work, that hard work.

Once you’ve done the hard work, the rest is the easy part

The rewards are massive. And the rewards long-term don’t require a lot of work. It’s like with my trading. I can trade in under 30 minutes a day. And it’s like this, once we’ve done this now, there is a little bit of work maintenance here and there. But 99% of it’s done now, it just needs to grow. And this is the same with your trading with your account. It just needs to grow once you know what you’re doing. Give you some examples here.

Daily trades up +11% gain in August, plus feedback from a new client

We’re up over 11% on our daily trades in August. And we’re not even through two weeks in August yet. I want to read this also from Billy Jo. Billy joined us a few weeks ago. She said that before she started trading, I was entering trades too late, moving my stop loss too quickly, or taking profits too early. I was having trouble putting everything together. I was making it too complicated. My confidence was becoming low. I was hesitant getting into trades for fear of losing.

Now, she’s been with us for a few weeks. For this month of August, I’m up 5%, which I’m really happy about. I’ve taken some of the trades suggested on the daily trades with the majority being winning trades. I’ve stuck to mainly daily in four hours and a couple of one hours. Really liking the rules, really liking the system, very easy to follow. Same thing. Do the work, join the course, get some support. It works. So just wanted to cover that one with you as well there.

Blueberry Markets will fund an annual subscription to Echo Trade Copier

One other thing before I show you around here. Been talking with Dean and Ben at Blueberry Markets, the broker in Australia. They’re going to fund for you in trade credit the equivalent of our Echo Trade Copier monthly fee. So if you want to have your account traded for free, basically copy our Echo Trade Copier account, let me know, and I can send you a link and I’ll put a link on next to this video and podcast for Blueberry Markets. There’s a special link. It’s $84 US a month covers the Echo Trade Copier fee.

Now, if you want the next three months or 12 months, depending on opening an account with Blueberry Markets, they will credit you that equivalent amount for the next three or 12 months, depending on the size of the account that you open with them. Couldn’t be easier. I was showing our clients last night an account that I personally got with the Echo Trade Copiers, been open for two months and it’s up just over 11%. You can have that same trades and same exactly the same ratio copied on your account, basically for free if you’re interested in opening a new account with Blueberry Markets. Like I said, I’ll put details here, let me know about it.

Sharing some of the tree planting images

I’m going to just going to stop now, turn the camera around and share with you some of the things that we’ve done.

So here’s another hill, as you can see up there, that is really steep. And as I said with the trading, lots of slipping, lots of up, lots of down, keep going. If I can scroll around here, this is what it was like. This is after it’s been killed. It was really, really high. All that was what this looked like. We’ve now cleared this out and made it beautiful. It’s going to grow absolutely magnificently, exactly the same as your trade-in account can do once you know what you’re doing.

And here’s some more of the plants, all coming in through here. So as you can imagine, give this a few years. This is just going to be absolutely magnificent. Really cannot wait to see the results of what we’re going to get here.

So I hope you’ve enjoyed having a look around here and seeing what we are trying to achieve with a bit of hard work, bit of dedication.

You must take action if you want to succeed

But one thing I want to finish on, you’ve got to take action. There’s people all around the world that protest about stuff, write things on Facebook and complain and moan about everything. Just take action. If you’re interested in things like the environment, no good moaning about it, just do something, go and plant some trees, go and help something, go and clean something up. To me, actions speak louder than words.

And it’s the same with trading. so many people think they’re just going to be this fantastic trader or they get stuck on, they’re fantastic on forums. Great advice or they’re stuck on demos and they’re frightened to go gone to a lot of trading. The reason is for that is because they just don’t take action and do things properly.

Contact us if you really want to learn how to trade properly

If you want to learn how to trade, come and find someone like ourselves at the Forex Trading Coach who do this properly, who teach people, who have got a track record, who have been doing this for years and we know what we’re doing. We know what works. We know how to help people. Just take action, whatever it is you do, because that’s the only way you’re going to get somewhere.

So I hope that helps. This is Andrew Mitchem here at the Forex Trading Coach. I see this time next week. Bye for now.

Episode Title: #423: Preparation is the Key to Your Trading Success

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Click here to learn more about Blueberry Markets

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#422: It’s Your Choice

Aug 8, 2021

It’s Your Choice

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#422: It’s Your Choice

In this video:
00:25 – You have a choice
01:37 – My choice 13 years ago
02:22 – Sharing some of our results with you
03:54 – Our choices helping traders each day
04:20 – Join us for 3 monthly split payments – a 2 day sale this week
04:47 – Who to choose as a broker?

Every second of your life, you have a choice, are you going to move forwards, move backwards, or stay the same? Let’s talk about that and more right now.

Hey, traders. It’s Andrew Mitchem here at The Forex Trading Coach with video and podcast number 422.

You have a choice

And we’ll talk about an email that I’ve received this week from somebody who I follow and watch online. And the guy said in his email, he said, “look, you have a choice. Every time you wake up, you have a choice. You choose who to listen to for advice. When you’re young, you listen to your parents, your friends, your enemies even. You choose to hit the snooze button on your alarm. You choose to make a certain amount of money. You choose to be angry or you choose to be sad. You choose to basically do everything you like. And that’s the great thing, because we all have choices. We’re all different.

But the important thing is, if you want to get ahead, you’ve got to make those right choices. Because like I said at the beginning, do you want to stay where you are? Do you want to move backwards? Which a lot of people are doing, especially right now around the world. Or do you want to be like only the few and not be like the majority and move forward. And it doesn’t matter whether that moving forward could be a time freedom, it could be financial freedom, it could be just choosing to be happy. It could be all of them, but I really believe that if you know how to trade the Forex market correctly, you can certainly get all of those and more. And so, like I said, it’s all about choice.

My choice 13 years ago

And, for me, 13 years ago, one of the choices I made after I started to become profitable was I was going to create the world’s best Forex coaching course, and that was one of my goals.

I think we’re pretty close to that. You never stop learning. Everybody’s continually learning if you want to go forward, but we have something that works and has helped so many thousands of people. And that was one of my goals, and we continue to do that and we continue to love what we’re doing with our own trading and with our coaching. So there’s goals all over the place and there’s choices all over the place.

Sharing some of our results with you

Now, interestingly enough that what we have on here is that I wanted to share with you a few results from this week because some of the results are going to blow you away. This is just a printout from my daily trade suggestions on Wednesday of last week, the 4th of August. So on here, we posted two trades on the daily charts. One hit the profit target really quickly on the Euro-New Zealand dollar. The second one also made profit, but it took a little bit longer. But on this post on this day, I said to our clients on our forum site, we talked about trades and we posted these in real time, by the way.

Pound-Canadian on the 12 hour chart hit profit target. We had eight hour charts on the franc-yen, euro-Aussie, Pound-yen, Pound-New Zealand, and silver. Made huge profit on those. There was a four hour chart trade posted by one of our clients on the U.S.-franc. And I myself posted two trades, one on the Euro-Franc two hour and one New Zealand-franc two hour. Both again hit profit. And for the Wednesday itself, we posted two trades here. One on the six hours, one on the 12 hour, plus two on the daily. Now, not only that, on the Tuesday trades here, we had the Aussie-Canadian hit a 3.2:1 reward to risk end of day. Canadian-yen 2.5, euro-yen 2.1, and Pound-Aussie had two positions on there. The retracement order hit 2.9:1, made 2.9:1 in the market order, 2.3:1. It just shows what can be achieved there, and that’s achieved just in one day. And that’s what I mean about choices.

Our choices helping traders each day

Our choice is to help people, it’s to take those trades ourselves, of course, and our choice is to get up each day and to help people looking through the charts, taking our own trades, growing our own accounts, and helping thousands of traders right around the world. And so that’s our choice and that’s what we choose to do and why we do it, we love it. Now, following on from that, a few more things.

Join us for 3 monthly split payments – a 2 day sale this week

This week coming, I’m going to be doing something I’ve never done before. I’m going to be holding a sale for two days and I’m going to give you the opportunity to join us on split payments. Three monthly split payments, never done that. Not three individual monthly split payments. And you can join straight away after just one payment to get the full course, get into it, get learning, get taking trades like that, and then that’ll pay for your second and third payment. So that’s a choice there.

Who to choose as a broker?

And lastly, a choice about where to put your money in and where to trade. And so when it comes to brokers, I’ve tried many brokers over my, what, now nearly 17 years of trading. And so choices of brokers, it’s, it’s up to the individual to do their own due diligence, of course, and to decide what works for you. But if you’re after a broker who I use and I’ve used pretty much since they started and I’ve sent hundreds and hundreds of people to as a recommendation, never get any issues, never get any problems, just get positive feedback from the trading point of view, and especially the service point of view that’s Blueberry Markets over in Australia. You can open accounts in various denominations, such as Australian dollars, New Zealand, U.S., yen, Canadian, euros, pounds. I believe everything regulated within Australia.

I’ve met Dean, who’s the owner of a Blueberry, in Sydney a few years ago, talked to Ben Clay quite regularly on Zoom, and they’re just a good bunch of guys. Good, honest guys. It’s hard to find that in the Forex market these days. There’s a lot of companies out there all the time just after your money just offering you crazy, crazy things, but you try getting your money back, if you make some money, see how hard that is with a lot of those brokers. Blueberry Markets, every time I go to withdraw funds, I do it online, I do it on my login. Next day, even though it’s an overseas transaction, it’s there in my account. So good spreads, fantastic people, good service, Blueberry Markets. If you’re looking for a good broker, I highly recommend them. Again, a choice. You have choices everywhere. You can go to whichever broker you like, but it’s one that you should seriously consider if you’re looking for a good broker in the Forex market.

So I hope that helps. This is Andrew Mitchem here, outside enjoying the beautiful winter weather here. Not bad for the middle of winter here in New Zealand, a glorious day. Make some choices and make sure you take that choice to go forward. It’s worth it. It’s good. See you next time. Bye for now.

Episode Title: #422: It’s Your Choice

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Click here to learn more about Blueberry Markets

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#421: Knowing When to Trade

Aug 1, 2021

Knowing When to Trade

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#421: Knowing When to Trade

In this video:
00:27 – When should I trade?
00:51 – How I used to trade many years ago
01:27 – Do what works for you
02:35 – Some examples of when I trade
04:00 – This makes trading enjoyable
04:13 – Where to put your funds and why I use Blueberry Markets
05:22 – How and where to trade
05:44 – Share and like this video and podcast

How do you know when to look at your charts and when you should and should not be trading? Let’s talk about that and more right now.

Hey traders, it’s Andrew Mitchem at The Forex Trading Coach with video and podcast number 421.

When should I trade?

I want to talk about a very important topic. I get asked this very often, and it’s all about when should I trade. Now of course, the answer for you will be different to someone else; it depends where you live in the world, what your available time is, what type of trader you are. There’s lots and lots of variables. But I want to give you some examples and hopefully help you to decide when the best time is for you. I’ll share with you when I trade myself.

How I used to trade many years ago

So years ago, I used to be looking at the charts all the time, looking at every pip movement up and down on five minute charts, one minute charts. All that crazy kind of stuff. And then I got into news trading and I thought that’s going to be the way to trade. But living in New Zealand, most of the news announcements were in my night time or early hours of the morning. So I was getting up at like 2:00, 3:00, 4:00 in the morning and looking for straddle trades, trading US news announcements. Of course it didn’t work. But it had some merit and some logic, well I thought it had merit and logic at the time.

Do what works for you

So it comes back to you have to develop something that works for you and it has to be realistic. And that’s why some 17 years later I’m still trading, because although I went through that experimental stage early on, I then very soon discovered that if I’m going to trade properly and I’m going to do this properly and I’m going to do this professionally, I need to do something that works. So for that reason, I then started to understand candle patterns and strength and weakness analysis. And when you understand candles, what you realise is there is no point in looking at a candle when it’s mid-formation. So what I mean by that is I only look at a candle and make a decision on whether I’m taking a new trade or not once that candle has closed and completed. Because then nothing else moves. Then you can make your analysis. A lot of benefits to that. Less stress, you know when to look at your charts, and if you trade the way that I trade using retracement limit orders you don’t even need to be there at that exact time when the candle changes.

Some examples of when I trade

So to give you some examples: the daily candle will close and the new day opens at 5:00 PM New York time. That’s Eastern Standard time. At that time, I personally look at the daily charts because that’s when I write my analysis. And I also at that stage look at the four hour charts, the six hour, the eight hour, and the 12 hour charts. So I can look through those five different timeframe charts, it takes me 10-15 minutes to do all of that once a day. And of course at the beginning of each week you can look at the weekly charts, scan through those in five-10 minutes. The beginning of each month, you can do exactly the same on the monthly charts. So you only need to do the monthly charts once in a month. Very, very easy. The weekly charts once a week. Very easy.

And then it depends on your available time. So for me personally, I might look at the close of a six hour chart during the day just once, and then the eight hour chart just once if I’m available. And then for me personally, I then look at the 5:00 AM New York changeover, where I can look at the 12 hour, the six hour, the four hour, and because that’s also the European session with a bit more activity, I look at the two hour and the one hour charts as well.

But all up, I can do all of that easily in under 30 minutes per day. It’s knowing when to look. If you’re not there, it doesn’t matter because the way that we trade uses retracement orders. You don’t have to be there stressing about being there at that exact time.

This makes trading enjoyable

So it makes life easy. It makes it very controllable emotionally. You know when to be at your charts, when not to be, and it makes planning very easy. So that’s how you do the trading.

Where to put your funds and why I use Blueberry Markets

The next thing you need to know is okay, so you know how to trade or you’re developing a strategy that works nicely. It’s where do you put your funds? I think that’s also a very important point. Now I’ve been with Blueberry Markets for a lot of years now. I find that their service is exceptional and unlike any other broker I’ve ever dealt with ever. Their service is exceptional, their spreads are very, very good. Their level of customer service is just absolute top-notch. Their platform’s great. They’re based in Australia. You can open accounts in various currencies. They’re ASIC regulated within Australia. There is so much going for Blueberry Markets. Now you look online; there are just brokers everywhere. There’s still brokers popping up all the time. My email behind me here gets inundated daily with different brokers asking me to promote them. I don’t promote any of them. I only promote the brokers who I use, and I can tell you without doubt Blueberry Markets are one of the very, very best brokers. Without doubt, you won’t beat their customer service. It is exceptional.

How and where to trade

So if you want to know more about how to trade, come and talk to me. Find details on my website. If you want to know where to trade, I highly suggest you consider looking at Blueberry Markets. And to help you out I’ll put a link to Blueberry Markets on this video and podcast post. So hope that helps. This is Andrew Mitchem here at The Forex Trading Coach.

Share and like this video and podcast

Feel free to share this video, this podcast, with anybody who you think may be interested in learning how to trade properly and future-proof themselves and look after their financial future. And I’ll see you this time next week. Bye for now.

Episode Title: #421: Knowing When to Trade

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Click here to learn more about Blueberry Markets

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#420: Have You Received Your Inflation Bonus Yet?

Jul 25, 2021

Have You Received Your Inflation Bonus Yet?

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#420: Have You Received Your Inflation Bonus Yet?

In this video:
00:25 – Inflation is about to take off
00:56 – Why is inflation rising and what does that mean for you?
02:14 – Do you have a 4% pay increase?
02:36 – What can you do about this?
03:03 – Look at our recent Monthly chart trade results
03:45 – Our +5.5% gain from just 3 trades
04:11 – Talk to us

Have you received your inflation bonus yet? If you haven’t, you need to start asking for one. Let’s talk about that and more right now.

Hey traders, Andrew Mitchem here at The Forex Trading Coach with video and podcast number 420.

Inflation is about to take off

Now every way you look, everywhere you read right now everybody is talking about how inflation is going to go crazy all throughout the world. Certainly here in New Zealand, that is the case. Our annual inflation has just risen, released last week, 3.3%. The highest in over a decade.

In the UK, I was reading that they are projecting within a few months their inflation to be up to a 4% massive, massive inflation. Why is that happening?

Why is inflation rising and what does that mean for you?

Well, just look at what’s happening around the world with even here in New Zealand, just a shortage of good labour, good staff is a big, big shortage problem. There’s a shortage of materials, there’s a shortage of food being picked because of the shortage of staff, and it’s all to do with obviously COVID and the knock-on effects of that.

You look at what we’re doing right here. We cannot get enough people into the country. They’re not letting people into the country to come here and work, and as a result of that we’re seeing food wasted. There’s food through orchards and cropping all over the place that’s just wasted. It’s absolutely criminal. What’s happening with that is the food is getting more and more expensive, and there’s all this wastage all over the place, because orchardists, et cetera, cannot pick.

Same with housing, you cannot find a builder. They’re so rare at the moment, because everybody’s tied up doing work. So therefore if you want to build it, you have to pay stupid money for it. There’s a lack of product coming into the country, so therefore there’s a lack of material and therefore the price goes up, because if you want it, you have to pay for it. Supply and demand, simple economics.

So, that’s what’s happening here. It’s probably going to be happening exactly where you are and it’s happening right around the world, or shortly will be if it’s not already doing so.

Do you have a 4% pay increase?

So, what does that mean for you? Well, if you’re in the UK, that means if you don’t have a 4% rise in your income, you’re effectively going backwards. Here in New Zealand if you don’t have a 3.3% rise in your income from this time last year, you are going backwards. The cost of living is getting higher and higher and probably for most people wages are not keeping up.

What can you do about this?

So, that brings me back to trading and why I trade and why I suggest that most people, if you have that interest, you should at least put some of your investment through trading the Forex market, but of course only if you know what you are doing. I want to give you three examples of three trades that we’ve taken on our membership site, because people say to me all the time, “Look, I don’t have time. I’ve got jobs to do, family, et cetera.”

Well, that’s fine, so do most people.

Look at our recent Monthly chart trade results

The reality is why don’t you have a look at what we’ve posted on our monthly charts? We have two trades closed on July’s monthly charts already. The Australian dollar, US dollar made a four to one reward to risk, the US Canadian made a four to one reward to risk. Two fantastic trades. We’ve also this week had a trade from June’s monthly chart trades on the Euro Australian dollar that made a three to one reward to risk.

All put on our membership site. The three trades would have taken you less than two minutes to have placed, and that’s it. Absolute no-brainer. They’re all on our membership site anyway for people to follow and copy.

Our +5.5% gain from just 3 trades

Those three trades alone with only half of 1% risk per trade, very, very tiny, would have made you a 5.5% gain on your account from just those three trades. 5.5%, three trades, two minute’s work, or if you got your 4% wage increase because of inflation. It makes you think, doesn’t it?

I know which way I’m going, I’m going trading every day.

Talk to us

If you would like to take advantage of these conditions and what we do, what we teach with our high reward to risk low risk strategy, come and talk to us. We’re here at The Forex Trading Coach, and this is what we do, this is why we help people, that’s what we achieve. I’ll see you this time next week. Bye for now.

Episode Title: #420: Have You Received Your Inflation Bonus Yet?

Click here to Learn More Abouy my Course

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#419: Trade When the Conditions are Right

Jul 11, 2021

Trade When the Conditions are Right

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#419: Trade When the Conditions are Right

In this video:
00:23 – Knowing when to trade
00:48 – Why I trade candle patterns
01:42 – Don’t trade if the market is flat
02:39 – Look at this week’s trading charts
03:15 – Our results from this week
04:40 – Get onto one of my weekly webinars

When conditions are right, get trading, make profit, and enjoy it. Let’s talk about that and more right now.

Hey traders, Andrew Mitchem here at The Forex Trading Coach with video and podcast number 419.

Knowing when to trade

Now, trading conditions are hard to judge; it’s hard to know what kind of conditions we’re in right now. But one of the hard things I think people find with trading is they struggle with waiting and they struggle with being impatient. People just really want to take trades all the time because they think that’s what they have to do. For me, there’s a few easy ways around this.

Why I trade candle patterns

For me, it’s why I look at candle patterns. Because a candle pattern will tell me if it’s in the right part of the chart whether I have a suitable trading opportunity or not. It’s why I only look at my charts two or three times a day on the close of candles. I’m not there being impatient feeling that because I’m at my computer and I’m at the mouse and I feel I have to keep clicking. You know, you’ve got to get away from that impatience that people have with trading.

Unfortunately I see it all the time that people just take too many trades, and there’s a big, big problem. And you can see why; it’s exciting to trade and you want to trade so therefore you trade. But always look at the conditions. It’s why I look at round numbers. It’s why I look at room for moving to my profit target, it’s why I look at different timeframe charts as well. It’s why I assess strength and weakness. So I’m giving myself a high probability chance of a successful trade.

Don’t trade if the market is flat

Now, if the market’s flat and if the market’s not showing anything, I simply move on. I come back and look again later when the next candle closes. But if there’s nothing there, don’t take anything. Don’t just pay your broker lots of spreads and probably in taking losing trades. Because it’s so hard to climb back from that. You’ve got to have profitable trades that outdo your losses plus make some more and so that’s a real hard part of trading for so many people.

You can always find a trade if you go down to a shorter timeframe chart. You’re looking at real short timeframe scalping kind of positions. But that’s not what most people are about, and it’s not enjoyable for me, certainly. I don’t think it’s an enjoyable way to trade. You’re far better off being patient and looking a few times a day and then taking a trade with high reward to risk. Not this stressful feeling that you’ve got to watch every pip move up and down situation.

So when trading conditions are not there, they’re not right, don’t trade.

Look at this week’s trading charts

However, have a look at this week’s charts. Now Friday of last week was the US monthly employment data, so things were pretty quiet. Monday was Independence Day in America, so things were pretty quiet. But then Tuesday, Wednesday, Thursday we’ve seen some exceptional conditions. So just four days into the week so far as I’m recording this right now on my Friday morning, we have had some great trades. If the market is showing the conditions, you see the trade, you take the trade, you profit from it. Because that’s what you have to do when the market is giving you these opportunities.

Our results from this week

To share with you some trades from just this week my daily chart trades on our membership site – don’t forget all these trades are just with half a percent total risk per trade, very, very small risk – we’re up 2.8% on closed trades on our daily chart trades that have been published trades for our members to follow. I’m up 2% on our monthly trades that are still open right now, taken at the beginning of July. I’m up 2.2% on all other timeframe charts that I’ve taken myself this week. And our Pattern Trader software, our auto bot software, and also our Trade Copier service called Echo Trade Copier, is currently up 1.6% for this week so far.

So you put all that together and you think, well we’re only four days into the week when I’m recording this and Monday was a public holiday in America, so that meant most of Monday and part of Tuesday was not much happening anyway. Put all that together, and you can see that when the trading conditions are good, you see the trade, you take the trade, you profit from the trades and like I said at the beginning you enjoy it. Because you’ve rewarded yourself by being patient when market conditions were not there, you’ve been very profitable when the conditions are there. That’s how you trade. That’s the psychological aspect about it. You’ve got to be patient when it’s time to be patient, and when it’s time to take trade you’ve got to get in there and take those trades.

I hope this helps. This is Andrew Mitchem at The Forex Trading Coach.

Get onto one of my weekly webinars

By the way, if you’ve not been on one of my webinars make sure you jump on one. We hold webinars each week and you can also get an on-demand webinar recording as well. Especially for new traders, there’s one type of webinar if you’re brand new or relatively new to trading, jump on that webinar. If you’re more experienced then jump on the webinar for what I call the Frustrated Traders, for people that have been there, tried it, it’s just not working, they’re ready to give up. If that’s you, jump on that more frustrated trader webinar and I’ll give you some helpful tips and information, depending on whether you’re new or been there for a while and frustrated. I’ll put links to both of those webinars on this page somewhere so you can find them as well.

Have a great rest of the week. I’ll see you this time next week. I hope that was helpful, bye for now.

Episode Title: #419: Trade When the Conditions are Right

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Click here to Signup for the Experienced Traders Webinar

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