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#435: How to Scan Through Your Charts Quickly

Nov 7, 2021

How to Scan Through Your Charts Quickly

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#435: How to Scan Through Your Charts Quickly

In this video:
00:26 – Today’s Topics
01:00 – How to quickly scan through your charts
01:55 – A candle pattern off a Bollinger band
03:03 – A Continuation trade
04:31 – When to scan your charts
05:14 – Who would you suggest as a broker?
05:55 – Register for our Black Friday Sale (it’s 1 week early on Friday 19th November)
07:07 – Don’t forget to share this video and podcast

I’m going to share with you some tricks and secrets of how to scan through your charts really quickly, to save yourself time on the change of a candle. Let’s talk about that and more, right now.

Hey, forex traders, it’s Andrew Mitchem here. I’m the owner of the Forex Trading Coach.

Today’s Topics

And I’m going to explain to you how you can look through your charts really quickly and to identify potential new trade setups. More about that shortly.

At the end of the video I’m also going to explain about our upcoming Black Friday sale, which we’ve got in a few weeks time. So if you’ve been looking at joining us, that could be a great opportunity for you to save a fortune on joining us with the crazy low prices that we’ll be offering for Black Friday. More about that shortly though. So back to the trading.

How to quickly scan through your charts

So a question that a lot of people have is they say, “How can you scan through charts really quickly and identify high probability trade setups?”

So a question like that came through from Mark this week and I said, look, I’d cover that on a video and podcast for him. And for me, it’s quite simple, the market can either move up, down or sideways. It cannot really do anything else. And with my strategy, it’s also relatively simple. So we’re either looking for reversal trades or continuation trades. And that’s it really. It really is as simple as that. There’s two different ways of trading. And to help me identify what part of the chart the price is in right now, and whether it’s likely to be a reversal or a continuation trade, I use Bollinger Bands. Standard Bollinger Bands have an upper band, a middle band and a lower band.

A candle pattern off a Bollinger band

And if I see a candle pattern and setup that I’m looking for, that’s coming off either the upper band or the lower band, then for me, that’s a reversal signal.

And what I mean by that is let’s say the price is near the upper Bollinger Band and you’ve had a good, strong up trend, and then you see the reversal signal. So like a bearish outside bar or engulfing candle, and it looks like the price is then going to drop. If it comes off that upper Bollinger Band area, after a prior trend, then quite likely the price is going to reverse. The opposite of that being if you’ve had a good, strong down trend and then you see a good strong bullish candle off the bottom Bollinger Band, that’s a likely reversal. Now, not every time you get that, it’s going to be a trade setup. We’re looking for other things like prior exhaustion bounces a round numbers, pivot points, trendline breaks, all the other things that we look for. But just in terms of identifying what part of the chart you’re in right now, a Bollinger Band can be an extremely powerful and useful, easy to see tool. So, really scanning through charts instantly, that will help you.

A Continuation trade

If, for example, you see a pullback from the upper band to the middle band, and then a bullish signal, that is a continuation trade. Likewise, if you see a pullback from the bottom Bollinger Band back towards the middle Bollinger Band, and then the bearish candle, that is a likely continuation back down again. So reversals and continuations are great ways of trading the market. It means you only need to look on the close of a candle. And if you see that right setup near either the bottom or the top bands, reversal signals, somewhere near the middle Bollinger Band, continuation pattern. Instantly, that means I can scan through my charts and go, no, no, no, yes. Potential trade, write it down, come back to it. No, no, no. Yes. Things like that, just real simple way of doing that.

And then all you need to do is you can use your strength and weakness analysis, or you can come back to the trades that are showing potential setups, and then you can go and analyse them slightly more in terms of other barriers for the profit target not to be hit. Is there some way to protect the stop loss? All these type of things that we then look at, but you can very quickly dismiss, probably 95% of the charts that you see, because there’s nothing setting up. And then you may have a few trades that you can go back and analyse a little bit further.

So that to me is an instant, quick scan through my charts on the close of a candle.

When to scan your charts

So I do that once week, the beginning of each Monday on the weekly charts, once a day on the daily charts, twice a day on the 12 hourly charts. And depending on when you’re around, maybe two times, sometimes three on the eight hours or six hour charts.

You can go right down in the European session on our forum site, we always talk about two hour charts, one hour charts. When I trade live on our weekly webinar, I’m trading on anything from one hour charts up to 12 hour charts. So it depends on what timeframe suits you, but very simple on the close of a candle to scan through multiple timeframe charts, different currency pairs, and quickly analyse what’s setting up or what is not. So I hope that helps with that.

Who would you suggest as a broker?

When it comes to trading and you’re looking for a broker, because all the time people say to me, “Hey Andrew, what’s a good broker?” A really good broker that I can strongly suggest you consider is Blueberry Markets. Now, of course, it’s up to you where you place your funds and it’s up to you to do your due diligence. And Blueberry Markets will be one of those brokers that I strongly consider you take a look at. Write to them, see how good they are with their customer service, do some reviews online. But I’ve been with them for years. I personally met Dean and Ben over in Australia, and some of the other team when I was there a few years ago. They’re really good guys, very good brokerage to consider.

Register for our Black Friday Sale (it’s 1 week early on Friday 19th November)

And finally, as I mentioned at the beginning, our Black Friday sale. I’m going to put a link on here where you can register your interests in our upcoming Black Friday sale. It’s going to be something that’s just going to completely blow you away with what we offer. We do this every year, of course, for Black Friday. It’s just one of those times of year where it’s basically this completely stupid, crazy, low, giveaway price to get access to the course.

So, if you’ve been thinking about joining us, you’ve been thinking about joining this massive community of great trading, like-minded people that we have, and don’t forget we’ve been doing this nearly 13 years. We’ve got over 3,200 trading clients in 98 countries at the last count. If you’d like to join this amazing community of people, all trading the same system, all there helping each other out, day after day, it’s a good opportunity for you. So, I’ll put a link here for you to register your interest, and after that, we’ll send you more information about how you can join us for the Black Friday sale.

Thanks again for watching or for listening. Any questions, send me an email, andrew@theforextradingcoach.com.

Don’t forget to share this video and podcast

Anybody you know who’s interested in trading, feel free to share this video or podcast with them, and I’ll see you this time next week.

Bye for now.

Episode Title: #435: How to Scan Through Your Charts Quickly

Click Here To Learn More About Blueberry Markets

Click Here to Signup for the Upcoming Black Friday Sale

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#434: How Much Money Do You Need to Invest in the Forex Market

Oct 31, 2021

How Much Money Do You Need to Invest in the Forex Market

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#434: How Much Money Do You Need to Invest in the Forex Market

In this video:
00:24 – How much should I invest?
00:50– When I started trading
01:25 – You don’t need a lot of money but you do need to learn how to trade
02:30 – Take a look at Blueberry Markets
03:20 – How do I make a living from my trading?
04:07 – Trading with a Prop firm
04:50 – Other ways to earn income from your trading
05:50 – Get onto one of my free webinars to learn more
06:33 – Feel free to share this video and podcast

How much money do you really need to invest in the Forex market to make it worthwhile? Let’s talk about that and more, right now.

Hey traders, Andrew Mitchem here, the owner of The Forex Trading Coach with video and podcast number 434.

How much should I invest?

I got asked a question this week by a guy in the US and he said to me, “Andrew, how much money should I really need to be investing into the Forex market to make it worthwhile? To make my time worthwhile to do this?” And it’s an interesting question, because most people think you need a large amount of cash in order to be a good trader, in order to make it worthwhile.

When I started trading

And when I started trading some 17 years ago, I thought I would need like hundreds of thousands of dollars. And because I lived in New Zealand, I thought that I would need to put like a $100,000.00 on the New Zealand/US dollar and wait for it to rise or fall, and let’s say it was at 70 cents wait for it to rise to 75 cents, take that money out and then go and do the same thing again. That’s what I thought Forex trading was. And I think a lot of people do the same thing; they think you need a large amount of money, large amount of capital, in order to make any significant gains.

You don’t need a lot of money but you do need to learn how to trade

Now, the great news is the reality is far from that, it’s the complete opposite. You don’t need a lot of money, but what you do need to do is learn how to trade properly. With that, you need to realise that there’s two things that affect you with your trading: one is your head, and the other’s your heart basically your emotions. And if you can control your emotions by having very low-risk trades and high reward to risk trades, things you hear me talking about all the time, the great thing about the Forex market is you use leverage. With leverage, you only need small movements but you need to have good, consistent, steady gains with low risk and low draw down. So small losses lead, reasonably large gains. That’s the key to making your trading work. You need a strategy to actually be able to do that.

Then when you look to live with real money, I suggest somewhere between $1,000.00 and $5,000.00 or pounds depending on where you live in the world. And there’s lots of other ways that you can make money through your trading, and I’ll talk about that shortly. But one thing that I would strongly suggest if you are at that stage where you’re ready to go to real money to a live account.

Take a look at Blueberry Markets

Have a look at Blueberry Markets over in Australia. They’re a great broker, highly successful brokerage team, great people. You will not find better customer service out of a broker. I challenge you to find a better customer service anywhere. They’re fantastic. Really look after their clients. Decent, honest broker. Good, tight spreads. Regulated, everything that you need. So unless you’re in the US and I don’t think you can open an account with them, there may be a few other countries around the world, but pretty much all other countries can open a live account through Blueberry Markets. Check them out, I’ll put a link here as well.

So once you go live, and you understand the emotions of trading on real money… Because losing money hurts. You get great emotions in a positive way when you have some gains.

How do I make a living from my trading?

But you’re thinking, okay how can I make a living out of $1,000.00 to $5,000.00 on my account? Even if I made 100% in a year, I might be making $5,000.00. I can’t make a living, Andrew. That’s not an issue. What you can do then is you can do what a lot of our clients use is they use prop firms. A prop firm is where you start with a relatively small amount of money, of someone else’s money, another company’s money, on a profit share basis, using their rules, draw downs, et cetera. That’s where you need assistance like ours that has good steady returns with low risk and low draw downs. What you can do is you can build up to accounts; some of them are in the millions of dollars, I believe. But I know a lot of our clients are trading prop firm accounts in the hundreds of thousands of dollars.

Trading with a Prop firm

Now let’s say, for example, you’re at $100,000.00 with a prop firm and you’re a 60-40 revenue share, so you keep 60%, they keep 40%. And let’s say you make 10% in a month. You’re not going to do that all the time, but for round numbers let’s call that 10% in a month. That means you’ve just earned $6,000.00 in that month for knowing how to trade, and it’s on someone else’s money. Well, you start doing that on several prop firms and then you’re proving to them that you can trade and you move up to $200,000.00 or $300,000.00, whatever it might be. And you can see there how you can start to gain quite substantial incomes through not even trading your own money.

Other ways to earn income from your trading

Now on top of that you might want to invest some of that back into your own account. You could start trading for a few friends and family possibly, of course look into that legally to see what the regulations are wherever you live. But you can sell trading signals, you can have copier accounts, you can do all sorts of things. But you’re just trading once. You’re only trading on one account and behind the scenes you can have the set up to copy on other accounts all these kind of really cool features. But it’s no extra work for you, whether you’re trading on a $1,000.00 account or a combined million dollar account.

But the thing is, the question at the beginning was how much do I need to invest? Well, you need to invest your time and some money to learn how to do this. But once you can do that, your actual own real money that you invest doesn’t have to be that big for some quite incredible returns. So there are ways to do this, it all comes back to knowing what you’re doing, knowing how to trade first. And that’s where we can step in and help you.

Get onto one of my free webinars to learn more

So each week, if you’ve not been on my free webinars we hold a free webinar for new traders and a free webinar for the more experienced or frustrated pulling your hair out ready to give up type trader. There’s lots of those out there I know. So it doesn’t matter which you’re on, pick the right webinar for you. I’ll put again a link to both on this post here. Jump on to one of them, look what we do, how we can help train you, teach you. Come on board with our community and make this work for you. So I hope that answers the question. I hope that surprised you as well in a good way, that you don’t really need a great deal of your own money to do very well out of this. Again, it comes back to the power of knowledge. That’s really what it is. And I hope that helps.

Feel free to share this video and podcast

Feel free to share this video and podcast with anyone who you think may be interested in getting into the wonderful world of Forex, or people that you know that are just frustrated, it’s not working. We can definitely help. This is Andrew Mitchem at The Forex Trading Coach, I’ll see you this time next week. Bye for now.

Episode Title: #434: How Much Money Do You Need to Invest in the Forex Market

Click Here to attend the New Traders Webinar (Less than 6 months Experience)

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#433: It Never Rains but It Pours

Oct 24, 2021

It Never Rains but It Pours

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#433: It Never Rains but It Pours

In this video:
00:23 – Common phrases and trading Forex
00:55 – Trading becomes boring, and you make mistakes
01:27 – 2 perfect examples from this week’s trading
02:37 – This week’s Daily trades
03:24 – Just be patient and wait for the setups
04:07 – Trade when the conditions are good
04:52 – Take a look at Blueberry Markets
05:36 – Get onto one of my free webinars to learn more

You’ve heard the saying, “It never rains, but it pours.” The same happens in trading. Let me explain what I mean right now.

Hey traders, Andrew Mitchem here at The Forex Trading Coach with video and podcast number 433.

Common phrases and trading Forex

I want to talk about a couple of analogies you may have heard of. You’ve heard the phrase, “It never rains, but it pours.” You’ve heard the phrase, “May hay while the sun shines.” They are exactly applicable when it comes to trading. What I mean by that is you have to wait for the right trading conditions. Now as traders sometimes that can be our downfall, and it’s a big mistake that so many people make and fall into that trap.

Trading becomes boring, and you make mistakes

You see when you’re not trading it’s pretty much boring. You’re not doing anything, and the issue then becomes is you start breaking your rules. You start forcing things to happen that you should really do. You start taking B-grade set ups, simply because you want to take something. It’s very hard to force yourself not to do that. But if you can get yourself to trade the conditions of when the high quality trade setups show, you will without doubt do so much better from your trading.

2 perfect examples from this week’s trading

Now just this week, I’ve got two perfect examples to share with you. So last night, Thursday night my time, I held our live weekly client’s webinar; a two hour live session where we trade live. I trade the European session. The following week Paul Tillman trades the US session and then back to the European session with me the week after. So last night, not a lot happened for the first hour and 50 minutes. Now we were covering previous trades, we were discussing trades that a few people had open and some very good trades. We were showing some good weekly and monthly chart trades. We had lots happening, but nothing really was going on live in the market.

Then leading up to the end of the session where we look at the 12 hour and six hour and four hour and two hour charts, we took one six hour chart trade and three on the 12 hour. Two of those hit profit already, and two are still open and in excellent profit. So nothing happened in terms of live real trades in the market for almost all of that session until then end, and then there was lots happening.

This week’s Daily trades

This week on the daily charts, we’ve had the same thing. Up until Thursdays, from Monday to Thursday, we posted just one trade. Now, most days we trade between about one and three daily charts. But up until Thursday, for four days of this week, we posted just one trade on the dailies. We had a really good weekly chart trade that hit profit, but only one trade on the daily charts. That was on oil as well. So we’ve had no Forex pairs for the first four days of this week. Today, Friday, we are the 22nd of October. We have posted 11 trades on the daily charts; one on Bitcoin as a crypto trade, as a sell, and 10 Forex pairs.

Just be patient and wait for the setups

So the point being is just be patient. Just wait for the setups. The setups will come, it’s just you don’t know when. So that’s why you have to be patient. If the trades are not there, don’t force anything, don’t take anything. Likewise today, and going back to the “It never rains, but it pours,” today is one of those days. It took us so long to write the daily trades up today with all the reasons why we’re taking the trade, the exact entry, the exact exit, et cetera and then actually placing the trades. 11 trades were placed on the daily chart trades today.

Trade when the conditions are good

So, “Make hay while the sun shines.” It’s a true phrase. When the conditions are right, just get out there and do it and make it and profit from it. If conditions are not good, don’t take them. And if you can overcome that mental hurdle and obstacle in your trading and learn to have patience and learn to wait, then… So that’s all about waiting, but also don’t procrastinate. So when you see the conditions, get in there and take the trades. Don’t go, “I’m not sure, I’ve only taken one I don’t want to take too many this week.” Don’t think that. If the trades are there, you take the trades according to your strategy of course. So I hope that helps. Feel free to share this video with anybody who you think may be interested in trading.

Take a look at Blueberry Markets

One more thing: don’t forget of course Blueberry Markets. Wonderful broker, lots of people are going there now. A lot of people watching these video and podcasts and see me talking about Blueberry… I’ve had a couple of phone calls just the week from people saying, “Hey look. I’m not in Australia. Can I trade with Blueberry?” Yes, you can. You can trade with Blueberry in a lot of countries around the world. Really decent broker. I’ve used them for years. I know them, met them in person back in those days. Remember those days when we were allowed to travel and go on aeroplanes and go to a different country? Back in those days I met Ben and Dean over in Australia. Neat guys, great company. If you’re looking for a decent broker, consider Blueberry Markets. I’ll put a link to them on this video post and podcast.

Take a look at Blueberry Markets

And by the way, if you’ve not been on one of my free webinars, I have webinars each week designed especially for new traders, and another one especially for the more experienced trader. Just pick the webinar time that suits you the best start time, or you can choose to watch a previous replay if you’d like to watch one straight away on demand. I’ll put the links to both of those two sessions on here as well. So I hope that helps. Be patient in your trading, wait for the right setups. When they come, take them profit. Do well from the market. That’s how you trade. I’ll see you this time next week. This is Andrew Mitchem at The Forex Trading Coach. Bye for now.

Episode Title: #433: It Never Rains but It Pours

Click Here to attend the New Traders Webinar (Less than 6 months Experience)

Click Here to attend the Experienced Traders Webinar (More than 6 months Experience)

Click Here To Learn More About Blueberry Markets

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#432: Becoming Your Own Boss

Oct 17, 2021

Becoming Your Own Boss

Podcast:

Podcast: Play in new window | Download

Click Here To Learn More About Our 5 Star Rated Forex Course

Click Here To Learn More About Blueberry Markets

#432: Becoming Your Own Boss

In this video:
00:30 – I’ve received a lot of emails from people who might be losing their jobs
01:17 – A lot of new rules around the world about mandates
02:02 – You should consider trading Forex
03:22 – I’m serious about trading and how to I made a decent return?
04:54 – What the prop firms want
06:22 – You need to know what you are doing first
06:42 – The mini course will re-open in 1 month from now
07:35 – It’s only going to get worse for many people

I want to talk about why you should maybe look at considering being your own boss, and learning how to trade Forex properly. It’s very topical right now and very important. Let’s get into it right now.

Hey traders, Andrew Mitchem here, the owner of The Forex Trading Coach with video and podcast number 432.

I’ve received a lot of emails from people who might be losing their jobs

Came outside today, it’s a beautiful day out here. I want to talk about… I’ve just been receiving a lot of emails. You might think it’s a controversial subject, you may not. But I think it’s important to discuss it because not many people are. It’s all about what’s happening around the world right now with COVID injections, vaccinations. Not only that, it’s more the knock-on effect of what’s happening with so many people with these jobs being mandated that people need to be vaccinated. I’m not here to debate the vaccine; I’ve got my own opinions. But as a trader, I think it’s important because so many people have been emailing me saying, “Andrew, I’m potentially losing my job.”

A lot of new rules around the world about mandates

Here in New Zealand especially, and it sounds like Australia as well, a lot of rules are coming in that people will be losing jobs if they’re not double vaccinated.

Like I said, I’m not here to be pro or against it. What I am here to say is that it’s probably the choice that people are finding that they’re going to be without that’s for me probably more the issue. The choice to do what they want and how it affects their jobs. So that comes back to why I’ve probably been receiving so many emails over the last week or two as it’s becoming more and more prominent. And it comes back to…

You should consider trading Forex

I’ve said to these people you’ve got to consider something like trading. But don’t just do it just because it’s a quick fix, because it’s not a quick fix. Don’t think that you’re going to sit at home and be lazy all day and get up when you want. It’s not that at all. You have to work hard at it. It’s hard. There’s ups, there’s downs, there’s good times, there’s not so good times. Like anything. But it does allow you to have some more control and freedom and to be your own boss.

I think that’s the point that a lot of people around the world right now that people are picking up on, the extra value of trading. Getting away from some of the more traditional lines of work where you are told what to do and when to do it. I think that’s one of the beauties that trading offers. Like I said, it’s not easy. It takes effort, it takes hard work, it takes dedication. If you think you’re just going to waltz into trading and suddenly become a multimillionaire by this time next year forget it. You’re in the wrong choice. Or certainly don’t come knocking on our door, because we’re not prepared to assist you if that’s your mindset. You’ve got to have the correct mindset to make this work properly and put that hard work and dedication upfront.

I’m serious about trading and how to I made a decent return?

But leading on to that, people have said to me I want to sort of get into this a bit more seriously now. I’ve kind of been forced into it, or things are changing around the world. I want to look at this trading a bit more seriously. And a lot of people come to me and they go, well the problem is my account’s not big enough. How on earth do I look at giving up my job if that’s what it comes to? And trading properly?

Well, to me it’s always been the same story that I’ve got back to people. It’s that you have to learn how to do it first. You have to learn to run before you can walk. Don’t expect to be an expert overnight. You have to learn upfront to do this properly. But then, when you can, the actual size of your account, how much money you’ve got to invest in this, really doesn’t matter too much. Leading on from last week’s video and podcast where we talked about prop firms briefly. Again, I’m not here to promote any particular prop firm. I’ve got no affiliation with any prop firm at all. All I do know is that I’ve got a lot of clients now who do know how to trade properly and have said look, my account’s not big enough to really get anything out of this too much now they know how to trade. Yes they can grow their account and maybe they can add some funds to it.

What the prop firms want

But these prop firms, they’re after people exactly like the people… The strategy that I’ve taught and used for 15 years now. Been teaching it for 12. What we’re after is some good common sense, low-risk trading. Low draw downs, no one wants stupid, ridiculous draw downs. No one wants gamblers. In fact, I had a guy this morning that said, “I’ve got $250.00 can I make $250.00 every week?” I said no, you can’t. I don’t want to know. We’re the wrong people if you think we’re going to help you gamble your money and double your account in a week, go somewhere else.

But you know, the prop firms. We had a client I was talking to last week who’s now managing over $100,000.00. Well, you think about that, that’s just one prop firm. And he’s only relatively new at this and he’s up to $100,000.00 already. He’s making 10% per month and he’s on a 60-40 revenue share. He’s on $6,000.00 extra per month than he had a few months ago when he started and joined us. The thing is that you can do that… If you prove you can do that, you can make that as passive income month after month. You can get to a bigger account with the same firm. You can open accounts with other firms. You can sell trading signals. You might be able to manage funds for people. There’s all these things you can do. But none of it requires any real extra work because you’ve actually taken the trade just the one time. It just gets split over multiple different platforms.

You need to know what you are doing first

But it all comes back to you need to know what you’re doing first. So there are many, many ways around this where you can get to do this properly and do this on a more serious level and get a really good substantial return from it. But it’s about educating yourself first. So I hope that helps.

The mini course will re-open in 1 month from now

We’ve had great success with our mini course that’s been launched this week. We’ve now closed the mini course. We’ll look at opening it up in about a month or so. I’ll send you more details if you’re interested in that. If you’re interested in the full course, that’s probably the place you really need to be if you want to do this properly.

If you’re interested in knowing where to put your funds, one of the best brokers I can recommend is Blueberry Markets over in Australia. I’ve been dealing with Ben and Dean over there for years now, ever since they set up. Neat bunch of guys there. The whole team are really good. Customer service is outstanding. Great platform. MT4 and MT5. Good spreads. Just really decent bunch of guys if you want to put your funds in a good reliable place. So it’s Blueberry Markets, I’ll put a link to them on this post as well.

It’s only going to get worse for many people

So I hope that helps. Like I said, I don’t want this to be a controversial post in any way. It’s not that. Don’t take it the wrong way. If you think I’m anti something or not or pro something, it’s not that at all. It’s just that there’s obviously a lot of people around the world now that are getting very concerned, and this offers a potential change in direction for them. Like I said, my inbox is getting just inundated daily with very concerned people and it’s probably just going to get worse, to be honest, as these mandates come in around the world in more and more industries. So I’ll just say, just look after yourself to start with. Consider trading if it’s for you. It’s not for everybody, but if it’s for you you know where to find us and we’re here to help. Thanks for watching. See you this time next week.

Episode Title: #432: Becoming Your Own Boss

Click Here To Learn More About Our 5 Star Rated Forex Course

Click Here To Learn More About Blueberry Markets

Podcast: Play in new window | Download

#431: Client Makes a 40% Account Gain in September

Oct 10, 2021

Client Makes a 40% Account Gain in September

Podcast:

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#431: Client Makes a 40% Account Gain in September

In this video:
00:31 – This week’s content
00:54 – A client makes a 40.05% live account gain in September
04:23 – Trading at a Prop firm to make great passive income
05:35 – Our TFTC Mini Course is now live
07:01 – Take a look at Blueberry Markets if you want a good broker
08:30 – Share and Like this Video

I want to explain how one of our clients made an incredible 40% gain on his live account in September with just a 6.3% drawdown. Let’s talk about that more right now.

Hey, folks, traders. It’s Andrew Mitchem and I’m the owner of the The Forex Trading Coach. This is video and podcast number 431.

This week’s content

Lots to cover on this week’s video and podcast. We want to talk about the guy who’s just made 40% on his account in September. I also want to introduce you to our new mini course that has just gone live on Facebook and give you an opportunity to join that for this week only with a 50% discount for new people onto that course.

A client makes a 40.05% live account gain in September

But let’s start with the exciting news that I following on from last week’s video on podcast about the client called Brett, who is in South Africa. He made a 40.05% account gain on his live account, quite extraordinary. But I’ve been through all of his trades. They’re actually opened here behind me, sent me a screenshot of his MT4 account, all the trades, the profits and losses. I went through them and the biggest drawdown he’s had there was a 6.3% drawdown, quite extraordinary. Very low controlled risk.

He said to me he only trades once, sometimes twice a day, and that’s the 5 PM New York close of day, where he looks at the beginning of the week the weekly charts each day of the daily and the 12 hour charts. So that’s going to take him what, 10, 15 minutes once a day. Then a few days in the week, generally Tuesday, Wednesday, Thursday, he’ll look at the 5 AM changeover as well. So he’s looking just twice a day, absolute maximum half an hour per day and he’s made a massive 40% gain.

Now, he’s mentioned when he emailed me a couple things that have just really changed things for him. Number one, he did some one-on-one tuition with Paul Tillman. Paul has been working with me for quite a number of years. He teaches our clients one on one online. He also holds the live U.S. webinars for me every second week and he also moderates the forum site. An incredible trader, fantastic coach, great way of explaining everything. Brett’s taken some tuition with Paul and he said that was just fantastic, money well spent just to get to that next level.

He’s also using our Place Fibo Order Script, which is a script for MT4 and MT5 that he literally drag onto the chart. It places your entry and exit levels with retracements, profits, et cetera, controlled risk. Makes placing a trade absolutely simple. No calculating lot sizes, no worrying about does this stop in the right place, or if you move it, do you move your position size or anything like that. It just does everything for you. It’s a fantastic script.

He also mentioned the value that he has placed in our interactive videos that are on our membership site. So our interactive videos are videos where one of our clients, Nick who lives over in Dubai has made them for us. Nick’s made these videos in realtime when he’s seeing a trade setting up and then you have to go through the video and you have to basically select the right answers of the questions when the video pauses in order to progress through the video. So it was almost like taking trades in realtime live, looking for the pros and cons that we’re looking at and then progressing through the video.

There’s a lot of them on our site from different timeframe charts. Brett mentioned how incredibly valuable they are. The last thing he mentioned is the forum site and how much he’s getting out of that by interacting in realtime with like-minded traders or talking about the one strategy. So put all that together with these low risk, the just once, twice a day trading, when you think about that, to be able to have very low controlled drawdown of to 6.3% but a 40.05% gain in the month, quite extraordinary. So well done Brett and would love to see what your October figures come out like as well.

Trading at a Prop firm to make great passive income

So talking about great trading performance, we held a live webinar last night. Had some awesome feedback. One of our clients, Brian over in the UK, he was telling me how well he is doing on a prop firm. We got talking about that, about what a great way if you have a strategy with low risk but high reward to risk trades and you can make good, consistent gains with low drawdown, that’s exactly what those prop firms are looking for. He’s already trading six figure accounts. He said it all comes down to the quality of the strategy that we’ve taught him to be able to do that and to meet the criteria that the prop firms are looking for.

So if you are out there going, “Well, my account’s quite small. I don’t know if I’m going to make any money out of this.” Forget that. There are so many other ways that you can make money from trading, from selling signals or going onto prop firms like Brian’s done. The size of your actual live trading account doesn’t really matter. The thing that does matter is can you trade or not, can you trade properly with controlled risk. If you can do that, which is what our strategy teaches you, there are just a multiple other ways of gaining passive income through your trading without any extra work. That’s the beauty of it. You using someone else’s money. So that’s that one.

Our TFTC Mini Course is now live

Third thing I want to cover, our mini course. We’ve had massive demand from people saying, “Look, I’d love to get just a small version of your full course,” whether they feel that they cannot afford the full course or whatever it might be, but they want something a little bit sort of quicker and a little bit sort of more, I suppose, social media based. We’ve put our very mini course. It only contains my daily trades and we’re going to do a live video, interaction video once a week and I’ll make a video with a specific tuition there once a week as well.

It’s all based on Facebook and it’s just a fraction of the normal course fee. Doesn’t contain everything of course, but it’s going to contain enough to get you really into a good position and you can follow my daily trade suggestions on that. For this week only until Friday, we are offering a 50% discount on that. After that, it’s going to be back up to its full price from there onwards. But if you want to take advantage of that, and by the way, the price that we’re offering, it’s just a tiny amount for what you get.

But not only that is, if you start now this week, we’re going to honour that price forever as long as you want to stay on that mini course, regardless of what the price for everybody else gets to. So if you want to take advantage, now’s your time to do that.

Take a look at Blueberry Markets if you want a good broker

Lastly, I’ve always getting asked, like multiple emails per week, “Andrew, what’s a good broker? Someone that doesn’t like sort of hunt my stop loss, someone I can trust my funds with, someone that’s going to look after me.” It’s the same thing I say every week, have a look at Blueberry Markets, consider them. Look, they’re not the only broker out there.

There’s many brokers out there, but if you want one that we’ve just had a great relationship with, sent hundreds and hundreds, probably thousands of clients and non-clients also, people that have opened with them over the years and the feedback’s always the same. It’s always, “Wow. I wish I did this sooner. I wish I’d got rid of my current broker and went to Blueberry before now.” All those type of comments. So look, Blueberry Market’s a very, very good option for you to consider. If you’d like to know more details, I’ll put link to Blueberry Markets on this post as well.

So that’s it for now. Don’t forget, trade results, what can be achieved with low drawdown with our strategy. Think about maybe something additional, not just your own account size like a prop firm, but only ones you can trade. Have a look at the link I’ll put here for our short, small minicourse on Facebook. That’s live right now when you watch this video and take advantage of the early bird offer and consider Blueberry Markets if you’re wanting yourself a really good, secure Forex broker.

Share and Like this Video

That’s it for now. I’ll see you this time next week. Don’t forget to share, like this video, send it to people who you think are interested in trading properly. I’ll see you next week for more trading information. Bye for now.

Episode Title: #431: Client Makes a 40% Account Gain in September

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#430: Look Left, Look Right and then Look at Your Profits

Oct 3, 2021

Look Left, Look Right and then Look at Your Profits

Podcast:

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#430: Look Left, Look Right and then Look at Your Profits

In this video:
00:25 – How looking left and right will make you safer
00:58 – Don’t only look to the right
03:23 – Blueberry Markets receive great feedback
04:11 – Client makes +40% in the month by risking just 0.5% per trade
05:31 – Please share this video

When you’re trading, you need to look left, then look right, and then look at your profits. Let’s talk about that more, right now.

Hey there, traders. It is Andrew Mitchem here, the owner of the Forex Trading Coach, with video and podcast number 430.

How looking left and right will make you safer

And I want to talk about looking left, then looking right, and then looking at your profits. What do I mean by that? Well, as a child, we’re always taught by our parents, aren’t we, to look left and then look right before you’re crossing the road or anything like that? And it prevents you from having problems. And in trading it’s exactly the same, yet nobody does it, or very few people do it. Our clients do it because we teach them how to do this. And we talked about this on a correspondence with all our clients just this week, and we had really good feedback. So I wanted to share this whole concept with you.

Don’t only look to the right

And in your trading, most of us look at the right-hand side of the chart, because that’s where you take a new trade from. You’re looking at the price level. You’re looking at the candle pattern, maybe whatever indicator you’re using, but most people look at the right-hand side of the chart. But what a lot of people don’t do is they don’t look then across to the left-hand side of the chart and see what’s already happened, because that can give you an even higher quality trade signal, or it can prevent you from taking a trade that may look okay, but has some obvious previous price action back to the left-hand side, that should make you not take that trade.

Now, when you look back to the left or right, you’re looking at support and resistance levels, looking at swing highs, where’s the price previously bounced at? Have I got enough reason here for my trade to be able to get in a buy trade up to its profit target? Are there any levels back to the left-hand side or ran numbers, previous areas where the price has hit that might actually prevent my price or my trade from getting to its full profit target? Likewise, you can use price action back to the left, to look at swing lows, let’s say, or swing highs, and now we’ve come and bounced at that level and formed our bullish candle, looking for our by trade. So again, you’ve got a reason why your setup’s good. You’ve got a reason why your profit target should be good to get to your profit target, but also you can use that same principle back to the left. Look at previous swing highs and lows and ran numbers to see, have you got any protection for your stop loss?

Because the trade’s not just about seeing the good setup, it’s about saying, well, this may be a good setup, but it could take you out as a stop loss first and then go and hit your profit target. Of course that’s no good. So what is in the favour of this trade in terms of our stop loss being protected, to allow the trade to develop over time, to then get to our profit target. So all these things you can use. So looking left and looking right, is a great habit to help you becoming a good, successful profitable trader, looking left and looking right and forgetting to do that can get you hit by a bus. So make sure you do it.

Look, the reality is in trading, just so many people don’t do it. They clog up their charts with too many lines and indicators and half the people don’t even look at the price. But look left and look right. You look at what’s previously happened and what is happening right now. It will massively help you. Two other things I want to mention.

Blueberry Markets receive great feedback

One about Blueberry Markets. We’ve just continued to get such great feedback about Blueberry Markets. You’d note over the last couple of months, I’ve mentioned them on these videos and podcasts because they are just a really, really good broker. Now you’ve got choice to go to whichever broke you like and do your due diligence. Just really important that you do that. But if you just want the feedback that I’m constantly getting from so many people, right around the world, just consider Blueberry Markets as an option, if you’re looking to set up a new MT4, MT5 account with a different broker, I can highly recommend them. Their customer service is outstanding. Everything about them is very, very high quality. So that’s Blueberry Markets. I’ll put a link to them on this post, that you can go and find out more about them.

Client makes +40% in the month by risking just 0.5% per trade

The last thing is, now I’ve just heard about this an hour before I started making this video and podcast, from a client of ours, who’s just emailed Paul Tillman, who works with me over in the US, and he told Paul that this client has made a 40% account gain in September with risking only half of 1% on his trades. 40, four zero percent gain. And September’s just closed, and it was trading just the 12 hour charts, the daily and the weekly. I don’t have all the details yet, which is why I can’t expand on that. But by this time next week, don’t miss next week’s video and podcast. You’re not going to want to miss this because I’m going to find out the trades that the guy took and how he’s done this, what he’s done, to use what we teach and just on those three timeframes and to get to a 40% account gain in just one month.

So I’ll find out more over the course of the week, and I’ll let you know on the update next week. Like I said, you won’t want to miss it because if you can learn how to do that, you’re sorted with your trading, aren’t you?

So, this is it for the video. Hope you’ve enjoyed it. And don’t forget to look left and right, whether you’re crossing the road or you’re trading, it will help you in both instances. I’ll see you this time next week.

Please share this video

Don’t forget to share this video, like it and send it through to anybody who you think may be interested in trading. I’ll see you this time next week. Bye for now.

Episode Title: #430: Look Left, Look Right and then Look at Your Profits

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#429: Trading in a Covid World, plus a 7.5% Account Gain in a Day

Sep 26, 2021

Trading in a Covid World, plus a 7.5% Account Gain in a Day

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#429: Trading in a Covid World, plus a 7.5% Account Gain in a Day

In this video:
00:25 – Everything’s changed with Covid over the past 18 months
01:00 – Debate around masks, vaccines, lockdowns and passports
02:28 – Where to from here?
03:48 – Most issues disappear when you trade Forex
04:50 – Trader makes +7.5% gain in a day
06:00 – Are you looking for a good Forex broker?
07:15 – Send me your questions
07:31 – Feel free to share the video and podcast

We’re now traders in a COVID world. What does that mean for us as traders going forward, and how can you take advantage of it? Let’s talk about that a more right now.

Hey traders, Andrew Mitchem here, the Forex trading coach with video and podcast number 429.

Everything’s changed with Covid over the past 18 months

Well, obviously the last 18 months or so everything’s changed for virtually everybody, it doesn’t matter where you live in the world with COVID and all the effects of that. And it got me thinking about trading the Forex market and how good it really is and what advantages that we have going forward. I wanted to share some of those with you. And this is for you, it doesn’t really matter where you live in the world, it doesn’t matter whether you’re a business owner, an employee, or an employer. Let me explain what I mean.

Debate around masks, vaccines, lockdowns and passports

So right now there’s obviously a lot of debate around the world with masks, with vaccines, with vaccine passports, lockdowns, all those things are still going on, and depending on where you live in the world, different countries, slightly different rules. Here in New Zealand, we’re still in lockdown mode. I have no idea why, but we still are. It’s badly, badly affecting so many people business wise, emotionally wise, it’s not good.

And so if you’re, let’s say you’re a landlord and you own a shop in a town somewhere, anywhere in the world. So obviously, over the last 18 months, it’s been lockdowns virtually everywhere, and as a landlord that’s going to be pretty tough ind going forward, that’s going to be pretty tough because less and less people probably wanting to have cafes and shops, et cetera, in towns.

And so as a landlord, what do you do? If you’re the business owner, if you own the shop or the cafe or whatever it might be business in town, you’ve had lockdowns, you’ve had people not coming into work, and so you’ve had that issue. If you’re an employee and you work those places, then obviously, for a lot of you, if you cannot work at home, you’ve been badly affected as well.

Now if that’s what’s happened, and we can’t change a lot of that, but let’s have a think about going forward from here.

Where to from here?

Let’s face it, most people don’t like wearing masks. Personally, I think they’re horrible things. I’m very lucky I work from home and I hardly ever have to wear one. Now if you’re the sort of person, if you’re an employee, you’re now going to be having debates over masks, wearing them all day, and now vaccine jabs, and whether you …

And this is not about pros and cons or saying what my opinion is, my opinion to you doesn’t matter. The point is that people are going to get very strongly one way or the other. You might think that masks and vaccines are the answer and they’re fantastic. Likewise, you might think that masks and vaccines are just control and a waste of time.

But the problem is going forward, if you’re the boss, you’ve got to deal with this. You’ve got to deal with staff with different issues. If you’re the employee, you’re going to be happy if you are working with people who are or are not vaccinated, depending on your point of view. If you’re the person walking around town, going to a shop or a cafe, and you’re against vaccines and mass, are you really going to go into town and spend money to go and sit in a cafe, or they may not let you even in the cafe.

So there’s all these issues going on here. Now it’s probably going to get worse for quite a while until everybody sorts out what’s happening.

Most issues disappear when you trade Forex

Now bring that back to trading, and why I want to talk about that is to say, well, trading the Forex market, it gets you around all these issues, doesn’t it? You can work from a laptop. You can work from home. You can work remotely. If you’re in America or Europe where you’re lucky enough to now be able to travel again, that’s fantastic.

You’d have noticed that a couple weeks ago, Paul Tillman, who works with me, he was off in Florida for two weeks. He’s just been up to Philadelphia last weekend. They’re able to travel. A lot of my family over in Europe, they’re all back travelling again. So the Forex market allows you to do all these things, but if you’re here in Australia or here in New Zealand, where you’re kind of more stuck down and we’re still locked down on and can’t do things, can’t move anywhere, the Forex market allows you to continue to work and continue to do well and invest well. And that’s where I see the big benefit of trading the Forex market.

Trader makes +7.5% gain in a day

I wanted to give you an example from one of our clients posted on our forum site just last Friday. He made a massive 7.5% gain in the one day, last Friday, and that was risking just a quarter of 1% per trade, 7.5% gain in a day. He’s posted all the trades for us to look at, for our clients to look at on our forum site. He’s had some great gains and a few losses, but overall, he made with controlled low risk 7.5% in one day.

Now going back to the business owner, going back to the landlord, imagine trying to make 7.5% in a year for some people, especially if you’re looking at rents and rates, or if you’ve got investment properties. You make a 7.5% yield in a year, you’re doing really well. This guy made 7.5% with very low controlled risk in one day. And not only that, he has the skills to do this day after day. Sure, it was a good day, and is it going to happen every day? No, but it shows what can be done.

Are you looking for a good Forex broker?

Now lastly, if you’re out there looking for a good Forex broker, I mention these guys often because they’re good. We get tons of good feedback all the time from people who go to them and try them and really enjoy them, and that’s Blueberry Markets. They’re based over in Australia. They can take clients from pretty much anywhere in the world, unless you’re in the U.S. and a few other countries, but for most other people have a look at Blueberry Markets in Australia if you are interested in changing brokers, or you want to start up with a new broker, a good broker. Highly recommend them, great customer service, really, really good brokers. I’ll put a link to Blueberry Markets on this video and post and podcast.

So I hope that helps. Like I said, going forward, who knows what’s going to happen, but it’s probably going to be pretty tough whichever side of the fence you’re sitting on regarding the whole COVID situation. Who knows how long it’s all going to last for. One thing we do know for sure is that if you know how to trade the Forex market properly, you can make some really good money and achieve a lot and enjoy the comforts of not travelling and/or not having to go to work and choose what you do when you do. It’s a big bonus.

Send me your questions

So I hope that helps. Any questions that you have, email me, reply to this video podcast post if you’re seeing the email. If you’re not, send me an email to Andrew@theForextradingcoach.com. If you have any questions you’d like me to cover, any trading topics on future videos and podcasts.

Feel free to share the video and podcast

Let me know. Anybody you think might be interested in this, feel free to share the video and podcast, and I’ll see you this time next week. Bye for now.

Episode Title: #429: Trading in a Covid World, plus a 7.5% Account Gain in a Day

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#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

Podcast: Play in new window | Download

#427: How to Trade while on Holiday/Vacation

Sep 12, 2021

How to Trade while on Holiday/Vacation

Podcast:

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#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

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Click Here To Learn More About Blueberry Markets

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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

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