Weekly Video News & Podcast

#415: Get a copy of our Traders App

Jun 13, 2021

Get a copy of our Traders App

Podcast:

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#415: Get a copy of our Traders App

In this video:
00:23 – 2 announcements to inform you about
00:39 – Our new traders app
02:02 – The next FX Insiders webinar
03:20 – Recap of the 2 announcements this week

We’ve just launched our first ever trader’s app. Let me show you how you can get a copy right now.

Hey traders, Andrew Mitchem here, the owner of The Forex Trading Coach with video and podcast number 415.

2 announcements to inform you about

Got two very important announcements to make for you today. First one is about our new trader’s app, and the second one is about a live webinar that I’ll be holding this week and I’d love you to attend that because you’re going to learn so much from it.

Our new traders app

So number one, our new trader’s app. We have launched our first ever trader’s app for the public to gain access to the free information that we post each day on our website. But it’s just going to be available for you nice and conveniently straight through to our app. Right now it’s only available on the IOS or Apple App Store, but very shortly we’ll have it available for Google and Android. So all you need to do is search up the Forex Trading Coach Mobile, I’ll put a link on this video and podcast about it.

Now really cool app, very easy to use. It sends you a link to the updated daily free information where I publish the strengths and weaknesses of currencies each day and different currency pairs where I’m looking for them to predominantly look for buy-trades or sell-trades for that day.

That information comes through to you on the app now. You can also get access to all of my now 415 videos and podcast, the weekly videos just like this one. You can register for one of my webinars that I hold for new traders or experienced traders each week. You can also register for our ebook or our lot-size calculator that works on MT4 or MT5. So that’s the app. Have a look on the App Store and look on the link that I’ll put on this podcast and video.

The next FX Insiders webinar

That’s the first thing. The second one: on Wednesday the 16th at 7:00 AM my time here in New Zealand, which could be your Tuesday so have a look depending on where you live in the world, it could be your Tuesday, it could be early hours of Wednesday. There’s a link on the page that I’m going to give you anyway to register for my next Forex Insider’s Webinar. Got a lot of people already registered. We do have to put a restriction on it because it’s a live session.

But it’s going to be a really good webinar. It’s going to be about how you can increase and boost your profits plus also save yourself time by using our clever way of using retracement orders and limit orders to enter into trades. So it definitely will boost your profits, it will increase your reward-to-risk of your trades, and it saves you time because you don’t need to be there at the time that the price gets to your entry level.

So I’d love to share with you some more information about how we do that and how that can help benefit you. So there will be a link on here; make sure you register for it. Like I said, limited spaces. It’s a live webinar. Make sure you jump on it and take advantage of that information that we are sharing with you.

Recap of the 2 announcements this week

So two things: number one, if you are on the Apple phone IOS get a copy of our new app. If you’re on Android just got to wait a tiny bit longer but it’s coming. Point number two, make sure you register for the webinar that I’m going to be holding this week and get the start time correct in your local start time.

If you’re in the US, it’s going to be your Tuesday sort of afternoon/evening time. If you’re in Europe, it’s going to be your Tuesday evening also. If you’re in Australia, it’s going to be early on your Wednesday morning and 7:00 here in New Zealand start time.

So I look forward to sharing with you how you can boost your profits, save time, increase your reward-to-risk on that webinar. Hope that helps, I’ll see you this time next week. Bye for now.

Episode Title: #415: Get a copy of our Traders App

Click here to download the App on your iOS Devices

Click here to download the App on your Android Devices

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#414: It’s Time to Get Real

Jun 6, 2021

It’s Time to Get Real

Podcast:

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#414: It’s Time to Get Real

In this video:
00:23 – Keep it real
01:04 – We fail to recognise the effort required to succeed
01:32 – A trading example
03:22 – You need to understand the market
04:42 – You need dedication and hard work

As a Forex trader, you need to learn to get real. Let me explain more right now.

Hey, traders, Andrew here at the Forex Trading Coach with video and podcast number 414.

Keep it real

Now, this is going to be all about getting real, keeping it real with your expectations. So, what we see online is everybody’s success. We see lots of money being made in trading. If we’re into sports, we see great sports men, great sports women out there having success, scoring the runs, taking the wickets in their cricket, winning grand slams in tennis, scoring tries in rugby, scoring the goals in soccer.

With musicians, we see the great guitarists, the amazing singers, the drummer, all those type of things. We all see their success and we go, “Wow, wouldn’t it be amazing too?”

We fail to recognise the effort required to succeed

But the problem is, is we don’t see the hard work, the blood, sweat, tears, the dedications, their failures, their commitments behind the scenes to get to that level of success. Trading is no different. Trading does take work, dedication, commitment to learn how to do this properly. It is no different from being a fantastic singer or tennis player or whatever it is that you follow.

A trading example

A great example of that was something that I got sent just yesterday. Someone sent me a link to this Expert Advisor, so this robot that trades gold. I looked at it briefly and I thought, “That looks okay,” and it had some quite good success. It was up 22% by taking these buy trades automatically on gold. Now this morning my time, which is now Friday, the 4th of June, gold has crashed. It’s dropped quite a lot overnight, had a big fall. Biggest fall it’s had in quite a long time. I looked at the results of this Expert Advisor this morning, it’s now on its equity at 3.4% from mid-20s just yesterday. So, it’s had about a 19% drawdown just today.

Now the reality is, is you cannot absorb that, and so unfortunately most people won’t see that, they’ll just see it as … they won’t see it’s an equity drawdown, and so they won’t understand what they’re looking for. So they think they can pay their $200 and off they go and this thing’s going to magically trade for them, but there’s no work involved in that, there’s no understanding involved in that. That’s the downside when you make things too easy.

So I just wanted to highlight that, because I’ve seen it just an hour ago. Looked at the updated results and it’s crashed. So, the problem is with that is they are not understanding the basic principles of trading, they’re not understanding controlled risk, because those trades on that Expert Advisor, they’re still open. If gold crashes again today and next week when you’re watching this video, that 19% drawdown could be 20%, 30%, 40% drawdown, who knows. That’s the problem when you don’t know what you’re doing or you’re relying on someone else and you don’t know how their system works.

You need to understand the market

So, the whole let’s get real thing, you’ve got to understand the market. Now to be perfectly honest, we’ve had a pretty tough last few weeks on most of our charts. The market has not been kind to us, but we have very low controlled drawdowns and we have low-risk on our trades. We’ve seen personally the longer timeframes, the weekly and the monthly charts and the short timeframes, the one, two hour charts, four hour charts had some great trades on those, but in between, the six, eight, 12 hour charts and the daily charts have not been that good in the last few weeks, but we’re real about that.

Not every trade will be profitable, not every week will be profitable. Sometimes you may even get a month that’s not profitable, but you have to be real, you have to have those expectations of that could happen. But the difference with the way that we trade, because with good traders and we understand risk and reward and low-risk portrayed, and the way that we teach, is that if we have a few weeks that are not so good, our drawdowns are tiny. We’re not going to suddenly lose this Expert Advisor 19% overnight, you cannot absorb that. So, the let’s get real thing is that trades will not always work, you have to be real about that.

You need dedication and hard work

The dedication and the hard work and the commitment is real. You can’t just buy something for 200 bucks, stick it on a virtual server and expect it to work miracles, that’s not real. So understanding how to trade is the reality, understanding the commitment. I held a webinar yesterday for two hours, it ended up being two and a half hours. I can’t say everybody, but almost everybody stayed on that webinar the whole two and a half hours, because they had the time, the dedication, the commitment to learn.

We took some webinar trades to our charts yesterday and they did really, really well. So being real, turning up, attending webinars. With our course, being on our forums site, viewing our daily trades each day, putting a little bit of time and effort into your trading, especially upfront when you’re learning is the get real bit. Sure, once you know what you’re doing, you can trade in 10, 20 minutes a day going forward, but you have to expect and accept that some effort is required upfront.

So get real in your trading, expect some losses from time to time. Don’t expect miracles, expect to put some effort in, but then get real and expect some great returns.

This is Andrew Mitchem at The Forex Trading Coach. I’ll see you this time next week. Bye for now.

Episode Title: #414: It’s Time to Get Real

Learn More About My Course. Click Here!

If you have been trading for less than 6 months, click here

If you have been trading for more than 6 months, click here

Click Here to Check my Recommended Brokers.

The 30 Minute Trader Trip

Watch how Andrew made a +12.79% gain on a live account during 4 weeks while trading for just 10-30 minutes a day while on holiday in the UK and France.

CLICK HERE TO ACCESS HE VIDEOS >>

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#413: How to Increase the Reward:Risk of Your Trades

May 30, 2021

How to Increase the Reward:Risk of Your Trades

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#413: How to Increase the Reward:Risk of Your Trades

In this video:
00:29 – An easy technique which will increase your profits
00:53 – Most traders focus only on Win Rates
01:52 – How do you achieve high R:R trades?
02:24 – Using Limit Orders
03:49 – A real time example from the USD/JPY D1 chart
05:23 – A lower win rate but make massive gains
05:44 – My June FX Insiders Webinar – email me if you’d like to join me

I’m going to explain to you how you can increase the reward to risk of your trades by using limit orders. It’s a very important part of your trading success. Let’s get into that and more right now.

Hey, traders, Andrew here at the Forex Trading Coach with video and podcast number 413.

An easy technique which will increase your profits

Now I want to explain to you a very easy technique to increase the reward to risk of your trades, and by increasing the reward to risk of your trades, that is a massive step forward for you to become a profitable Forex trader. Now, when people start trading, they probably don’t value how important that is.

Most traders focus only on Win Rates

Most people seem to think about win rates and I get emails all the time saying, “Hey Andrew, what’s your win rate.” Or, “If I took daily charts, what’s your win rate or one hour charts does that increase my win rate?” And the problem with win rate, although it might feel very nice and warm and fuzzy to say, “I’ve got nine out of 10 trades correct.” The problem is with most people that I’ve ever seen that have very high win rates is their reward to risk on the trades is very small and all they need is say, one out of 10 trades to go wrong, and it’s wiped out all the gains that they’ve made from the other nine profitable trades.

So, having a win rate of let’s say 90%, really doesn’t mean a lot. And most people that I’ve seen over all the years of trading, actually lose money, bigger picture when they have high win rates. Although for most new people, it sounds like it’s the most important thing. It really is not. High reward to risk is what counts.

How do you achieve high R:R trades?

But how do you do that, and how to do that in a practical, easy way? Well, some people might look at that and go, “Okay, to get a high reward out of my trade. I must have a very, very small stop loss. And every so often, you pull off a winning trade and it makes a high reward to risk.” And you could do that if you really wanted to. The problem is your win rate on that will be very, very small because most of the time with a very small stop loss, your spreads or news announcements or something is going to take the trade out and you’ll just end up losing so many trades.

Using Limit Orders

The easy way around it, and it’s what we’ve done for years and years, is to use limit orders. So when you look at your charts, you can place a trade at the market, which means you’re jumping in right now. You can use stop orders, which means on a buy stop, it means that you are putting a by trade in above the current price. Not really so good for high reward to risk. It’s okay if you want to break out of a zone, let’s say.

But the trade that we use are limit orders. So I’m using a buy limit means here’s the price right now. I like my setup, but I’m buying when the price goes lower than where it currently is. And it doesn’t mean to say, you need to sit there, just watching for the price to drop, drop, drop. “Oh yeah, I’m going to press buy now.” You don’t do that at all. You see your setup that you like as a trade and you then, using the way that we trade, using fib levels, et cetera, we then put in a buy limit to buy the trade if the price drops to a certain level.

And now of course we can just place that order and just leave the trade alone. We don’t have to be there at that exact time when the price hits that level. The same thing in reverse with the sell. Price is here. We don’t want to be selling right now. We want to wait for the price to rise first and then sell, based on the strengths of the candle pattern and the setup that we see, but we’re getting in at a higher price.

A real time example from the USD/JPY D1 chart

Now I’ll give you an exact example from just yesterday. So go have a look at your charts on Thursday, the 27th of May’s 2021 daily charts. So yesterday I took a trade on the US Yen, and we had a trade and it made a fantastic 2.5 to one reward to risk. Now I’ve just calculated, if we took that same trade with the same stop loss and the same profit target, but we took that at the market open, we’d have made a 1.1 reward to risk trade. So equate that to percentages. If I’m risking half a percent on each trade, if I placed the trade at the market, I’d have made just over half of 1%, but because I used my limit order and the trade filled for me really nicely at the exact entry that I was looking for, I made a 1.25% gain on my account.

So you can see one trade, I’m making half a percent, but I’m not doing that. The other trade I’m making 1.25%. Exactly the same trade, took me the same time to see the trade, took me the same time to place the trade. I didn’t do any more work. All I used was a limit order to take the trade at a better price. And by doing that, you can have a say, 30, 40, 50% win rate. You don’t have to have 90% win rate, because your trades are making great profit. And that’s where the gains are made.

A lower win rate but make massive gains

Now, if you can achieve trades of two to one, three to one, four to one, five to one, that kind of level, you can have a very ordinary win rate and still do extremely well from your trading. And that means it’s something that’s very easily achievable and it will without doubt increase your returns from your trading.

My June FX Insiders Webinar – email me if you’d like to join me

Now, following on from that in June, my next Forex Insider’s webinar will be on exactly this topic, but it’s going to be a lot more detailed, a lot more expanded. So we’re going to have an hour webinar, live webinar, limited places. If you’d like to get on there and learn more about how we use limit orders and how we achieve high reward to risk trades, do yourself a favour, register for it and send me an email, andrew@theforextradingcoach.com, and I’ll make sure that you have one of those reserved places on that Forex Insiders webinar. It’s going to be a great event. We’ve had awesome feedback from the previous webinars that we’ve held. They are free, but there are limited places. So to get on that June Forex Insiders webinar, and to understand how we use limit orders and retracements and fib levels to achieve high reward to risk trades, get onto it. Send me an email right now, andrew@theforextradingcoach.com. Let me know that you’d like to reserve a place and I’ll send you a link.

Bye for now.

Episode Title: #413: How to Increase the Reward:Risk of Your Trades

Learn More About My Course. Click Here!

If you have been trading for less than 6 months, click here

If you have been trading for more than 6 months, click here

Click Here to Check my Recommended Brokers.

The 30 Minute Trader Trip

Watch how Andrew made a +12.79% gain on a live account during 4 weeks while trading for just 10-30 minutes a day while on holiday in the UK and France.

CLICK HERE TO ACCESS THE VIDEOS >>

Podcast: Play in new window | Download

#412: Achieving Great Trading Results

May 24, 2021

Achieving Great Trading Results

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#412: Achieving Great Trading Results

In this video:
00:24 – At the airport today
01:13 – Sharing comments from clients
01:42 – XAU/USD MN1 trade closes for 10.1:1 Reward:Risk
02:14 – Weekly Oil trades hit profit targets
02:35 – Webinar with clients and profitable trades
03:30 – We offer daily trade suggestions to follow
04:11 – Another client makes fantastic gains
04:42 – Contact me andrew@theforextradingcoach.com

Forex traders, all we want is results, isn’t it? Let’s talk about how we are achieving results and how our clients are achieving great results right now.

Hey, traders, Andrew here at the Forex Trading Coach with video and podcast number 412.

At the airport today

And as you can see, I’m at the airport, just been for a fly here and right behind me, we’re about to get an Air New Zealand plane taking off. So, it may get a little bit noisy. I’ve just come inside the hangar. Now with results for me, that’s what pays for this. Trading results pays for this, and without trading results, I can’t make that thing fly. I couldn’t have learned to fly without trading because of time to be able to learn to fly. I certainly couldn’t put fuel in it. And that’s one of my reasons why I trade, because I love to fly.

And for you, it may be different. It may be time off. It may be time with the family, whatever it is, but you’ve got to get results. That’s the important thing.

Sharing comments from clients

And I just want to share with you an email that came through last week from Sean, one of our clients, and he said, “Andrew, I’ve had a 8.44% gain this week, 11% for the month so far. Loving following the forum and the daily trade suggestions, helps cut out the leg work, which is good when you have limited time. Have a great weekend, Sean.” So that’s an 8.44% gain by Sean there and just shows what can be achieved.

XAU/USD MN1 trade closes for 10.1:1 Reward:Risk

We’ve had trades on our gold trade. Our monthly gold trade has just closed for a 10.1 reward to risk. Do you know that’s one of the very highest reward to risk trades I’ve ever had personally? Half percent risk on that equals a 5% gain on my account from that one trade that took literally about 30 seconds to place. That plane will be taking off shortly behind me here, so it’s going to get touch noisy for a second. We’ll just let that plane go. And he’s on the way now, so I can talk about more trades. Yeah.

Weekly Oil trades hit profit targets

We’ve had some oil trades that have done tremendously well. I don’t trade oil very often, but if you look back on your charts, back in around the middle of April, WTI West Texas and Brent crude oil, both were really, really good trades, had great profit on them. One made a 3.7 to one rewards risks. One made a 3.5. So that’s gone nicely as well.

Webinar with clients and profitable trades

Yesterday, I had a webinar with a client. They had a 12 hour chart trade, hit full profit on the Aussie Canadian. Yesterday, we mentioned a six hour chart trade for our clients on the pound US, which worked. We’ve had clients taking four hour charts that work. The beauty of this is, is it works regardless of the pair, regardless of the timeframe chart you are trading. We looked at the US dollar index. Again, not something we normally trade, but you look at Monday’s candle or Friday’s candle for Monday of this week on the US dollar index, it worked a treat. It works beautifully because the pattern is what works. We look for reversal patterns or we look for continuation patterns. That’s all we’re looking for. And it’s really simple to trade, really simple to see. And therefore all you need to do as a trader, is look at the timeframe chart that is showing the right setup that we’re looking for at the time. That’s all you need to do.

And… Sorry, as I’m driving my… Lucky I can fly the helicopter better than I can hold this gimbal.

We offer daily trade suggestions to follow

But that’s what we do. We offer people daily trading suggestions, webinars, live webinars, they’re gold. They’re invaluable information, [forum site 00:03:31], et cetera, all this information to help people to see and understand and be able to take with confidence, with low risk, high reward to risk trades, these very, very simple candle patterns. And they know exactly when to enter. They know exactly where to exit. The fib levels that we use are incredibly, incredibly accurate and ensure high rewards restraints.

So, that’s really what today’s session is about. It’s about the likes of Sean, that 8.44.

Another client makes fantastic gains

I’ve got another email here just received this morning from Rio. He has got in front of me here. I mean, I’ve printed it out. You can see the trades there off a screenshot. He’s got one, two, three, four, five, six, seven, eight, nine trades there. One trade’s lost. It lost him $10. And he’s only just joined us, just two weeks ago, and he’s had profitable trades of $19, $33, $38, 26, 21, 16, 30. So high reward to risk trades. That’s what we are about.

Contact me andrew@theforextradingcoach.com

If you’d like to know more, just send me an email, andrew@the forextradingcoach.com. And I’ll see you this time next week with more trading news and information. And I just filled the heli up with fuel. It’s time for a flight. Unfortunately, I can’t film me flying it because that wouldn’t be right, but it’s a lot of fun to fly. But like trading, there’s a lot of challenges as well, but do it right and it’s rewarding. Trading, flying exactly the same thing. Put the work in upfront, start slowly, get a good education, be sensible about it, treat it properly, and the rewards will be there.

So hope that helps. I’ll see you this time next week. Bye for now.

Episode Title: #412: Achieving Great Trading Results

Learn More About My Course. Click Here!

If you have been trading for less than 6 months, click here

If you have been trading for more than 6 months, click here

Click Here to Check my Recommended Brokers.

The 30 Minute Trader Trip

Watch how Andrew made a +12.79% gain on a live account during 4 weeks while trading for just 10-30 minutes a day while on holiday in the UK and France.

CLICK HERE TO ACCESS THE VIDEOS >>

Podcast: Play in new window | Download

#411: Can I Borrow $800k from You for 3 Months?

May 16, 2021

Can I Borrow $800k from You for 3 Months?

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#410: Can I Borrow $800k from You for 3 Months?

In this video:
00:37 – A conversation with my bank manager yesterday
01:00 – An investor with $800k and didn’t know what to do with it
01:48 – Do traditional investments still work today?
02:09 – How is our trading going?
02:55 – Don’t forget our manual trading and webinars
03:37 – What to do with your investments?

If you’ve got a spare $800,000 lying around, not sure what to do with it, can I borrow it for the next three months and give you $180 at the end of that, plus your money back? Does that sound a good deal or not? 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 411.

Now, if you’re watching the video, apologies for the red eye, got an infection. If you’re listening on the podcast, lucky you.

A conversation with my bank manager yesterday

I want to talk about a phone call that I had with my bank manager yesterday. True story. He phoned me yesterday, we were talking about our own mortgage rates, and while in two years are coming down slightly, a little bit lower, three to five year mortgage rates in New Zealand are going up slightly. But of course he knows what I do and we were talking about trading, et cetera. And he said, “Andrew, I need to tell you this.

An investor with $800k and didn’t know what to do with it

I had a guy come to me a few weeks ago with $800,000, just spare change, not sure what to do with it, doesn’t know what he’s going to do to invest it in.” And he took the decision, this guy to invest it in a term deposit for the next three months, because the term deposits in New Zealand have actually gone up slightly. They’ve gone from basically nothing to not much better. So, they’ve gone up a tiny, tiny amount.

The interesting thing was the bank manager said to me, he said, “In three months’ time, time this guy pays a bit of tax on his gains, his term deposit in three months on $800,000 will have made him $180.

Do traditional investments still work today?

That is all.” It just goes to show that traditional ways of thinking and investing are not really in today’s environment doing anybody any favours because let’s face it. If you had 800 grand to go and invest somewhere, and you’re going to get $180 back in three months, that’s going backwards in time the time you add inflation and everything else into it.

How is our trading going?

He asked me how my trading was going and I said to him that with our pattern trader software, we’ve got clients right now, we’ve got two on the top leaderboard that are over 75% this year on live accounts. 75% with small draw downs as well. I also told them about our echo trade copier, which I run on my own pattern trader bots and echo trade copier means that you can copy my live account completely automatically. Right now it’s up 24.5% and it started at the end of February, which is what? 10 weeks ago. So, 24.5%, draw down of 5%. So that’s what we’re doing.

Don’t forget our manual trading and webinars

Of course, then we’ve got our manual trading going on as well. Just last night, Paul, over in the US held a live webinar and there was a lady on there, Rose, who took three trades on the two hour charts. One got stopped out, the other two made profit. Just people are making profit all the time. We’ve got some great monthly chart trades going on, gold heading up, and we’ve got a couple on oil, WTI and Brend oil on the weekly charts that are moving up almost at the profit target. We’ve had 12 hour chart trace it profit, we’ve just got trades going all over the place on our manual trading that are going extremely well. People are making some great returns. Then we’ve got the automated trading as well.

What to do with your investments?

So, when you think about the traditional ways of investing and let’s face it, who has $800,000 set there, they’re just not sure what to do with, and it’s going to accept in three months time you’re going to get $180 back from the bank? Wow, that’s so exciting, is it not? The way that people now have to start thinking about their investments is just changing. That’s why the Forex market just offers so many tremendous opportunities to just have low risk, low draw down, but much, much higher gains.

Of course, you’ve got to know what you’re doing, or you’ve got to find someone that knows what you’re doing and we can help you on both of those, of course. We’ve just celebrated our 12th birthday last year, sorry, our 12th birthday last week, 12 years of helping clients all around the world. We love doing what we’re doing, we love helping people, we love seeing the success of people. If you’d like to know more, just send me an email, andrew@theforextradingcoach. Have a look around my website, do some research on us, do some reviews on us, have a look at the likes of Forex Peace Army, where we’ve got 151 reviews over the last 12 years. This works and if you want to join us, you know where to find us. I’ll see you this time next week. Bye for now.

Episode Title: #411: Can I Borrow $800k from You for 3 Months?

Click Here to learn more about the TFTC Pattern Trader

Learn More About My Course. Click Here!

If you have been trading for less than 6 months, click here

If you have been trading for more than 6 months, click here

Click Here to Check my Recommended Brokers.

The 30 Minute Trader Trip

Watch how Andrew made a +12.79% gain on a live account during 4 weeks while trading for just 10-30 minutes a day while on holiday in the UK and France.

CLICK HERE TO ACCESS THE VIDEOS >>

Podcast: Play in new window | Download

#410: 12 Years of Helping Traders, Will You be Next?

May 9, 2021

12 Years of Helping Traders, Will You be Next?

Podcast:

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#410: 12 Years of Helping Traders, Will You be Next?

In this video:
00:38 – Trading is not easy
01:10 – We celebrate 12 years of helping traders worldwide
02:06 – Trader makes 6% gain in 2 weeks since joining us
03:18 – The strategy has not changed since the beginning
04:45 – How does this help you?
05:45 – After the first 12 months
07:10 – Trade in 30 minutes per day

We’ve been helping traders just like yourself for the last 12 years now. Let’s see how we can help you to become a profitable and successful and independent Forex trader. Listen up, we’ve got some great news to share with you.

Hey, traders, it’s Andrew Mitchem here, the owner of the Forex Trading Coach, with video and podcast number 410.

Back outside again today. I’m getting lots of nice comments from people saying they’re enjoying the outside video. So here we are again by the pool today.

Trading is not easy

Now, trading is not easy. It’s something that’s made out to be easy, but the reality is it’s not easy. The reality is though that anybody can do it. And I’m living proof of that, having been a dairy farmer years ago. And I’m self-taught. I have no financial background in the markets at all. Completely self-taught.

But for the last 16, 17 years now, I’ve been trading the Forex market.

We celebrate 12 years of helping traders worldwide

And on Thursday, the 13th of May, we celebrate 12 years since I flew across to Australia to Noosa and taught my first ever client over there. We’re still in touch, still in contact, and he’s still trading. And after 12 years, we’re really proud to say that we have helped so many people around the world. We’ve got over 3,000 coaching clients who have been through the course in over 94 countries. That’s quite an amazing record that we’ve built up there of helping people.

As mentioned, the Forex market is not easy to trade. It really is not easy to trade. It looks easy. People will tell you it’s easy. The internet will tell you it’s easy. The reality is very different, and that’s why 90 to 95% of the people lose money.

Trader makes 6% gain in 2 weeks since joining us

But I’d like to share with you an email here, and it’s from a client who … We were on our last live webinar last night. I held a two-hour live European session webinar. The client’s called Henry. He’s been with us only two weeks. And he said to me, “Hey, Andrew, I’ve made 6% since joining you two weeks ago.” He said, “For the first time ever, I’m starting to understand what I’m doing, and I’m doing what I’m doing for a reason. And it’s working.”

Now, sure, it’s only two weeks in, but here’s a guy that’s been trading for quite a while. Like many of you, he was just literally tearing his hair out. Didn’t know what to do next. And he found us and he’s been on a few webinars now. He’s been following our trades, he’s on our forum site. And in only two weeks, he’s now made, since beginning, since starting with us, 6%. It’s a fantastic start and it just shows what can be achieved once you know you’re doing, once you have a clear understanding of what you’re doing, and you have some support and a system and a strategy that actually works.

The strategy has not changed since the beginning

When you think about it, the strategy has not changed at all in that time. In all those years, it’s not changed. Sure, the way that we deliver things has changed, it’s improved. Like everything, it evolves, it gets better and better over time. But the strategy, the main thing that you are getting when you join us here, the actual nuts and bolts of this is what we are doing and why, the understanding of that has not changed.

Just stop for a pause for a second and think about that. So many people chop and change systems all the time. They’re constantly adding things. They are adding a next indicator. They’re moving on to another system. They’re suddenly fundamental news traders. Then they’re not. Then they’re doing a bit of both. Then they’re not. And that’s the problem.

Yet what we have to teach you and to help you with has never changed. And it still works. And it’s been through all sorts of different market conditions. It’s been through different economical, political events all around the world, global issues, COVIDs, everything. All these things that get thrown at us by the market, and it continues to work.

It’s the person who put that together I’m immensely proud of. I’m just so pleased with the team that we have on board and the group of people that we have as a community that are just doing really well for themselves. It’s fantastic to see.

How does this help you?

So, how does that help you? Well, this Thursday … It’s Thursday my time, between 9:00 AM and 9:00 PM. It may start on your Wednesday if you’re in Europe or the US or Canada. But for 12 hours this week, we are holding our 12th birthday sale. It’s a dime sale, so it starts the price at the absolute lowest price. We’re going to give you 70, 70% off the normal joining fee.

So we’re putting a guarantee on that. We’re putting a 20% return guarantee to say that if our daily trades don’t make a 20% return guarantee over the next 12 months, we’ll give you a full refund. We’re giving you 12 months access to our daily trades, our live weekly webinars, our forum site. Unlimited access to the course itself, the strategy. Unlimited email access, unlimited access to the MT4, MT5 trading software. Our support site’s unlimited as well.

After the first 12 months

So after 12 months, and some people ask me this and say, “Hey, after 12 months, what’s the deal?” Well, for under $600, for just $597 US, after the first 12 months, you can get access to the daily trades, which you think about it’s over 200 days of daily trades per year, over 100 hours of live webinars per year, and our forum site for the year, ongoing. So there’s 597 ongoing. But you haven’t got to worry about that for over a year.

But what I do encourage you to do is to have a serious think about this if this is what you want to do. And I challenge you to go out there and find me anybody else, any other company, any other Forex-related business that’s been going for 12 years, that’s still going and still has a great reputation of helping people and achieving results for people. Just like Henry, 6% in the last two weeks, the first two weeks since he’s even joined. How good is that?

And it’s not just 6%. It’s 6% with very, very low drawdown. That’s the other thing you’ve got to be mindful of. It’s all well and good people saying, “Hey, I made 50% in a year,” but if you had a drawdown of 60%, 70% and you’re risking 3% or 4%, 5% per trade, 50% is not really that good, because your drawdown and your risk is so massive.

We’re doing this with tiny, low risk per trade, high reward to risk trades, without spending very long at the charts all day.

Trade in 30 minutes per day

I comfortably say to people that once you know what you’re doing, you can do this in 30 minutes a day and do very well from it.

So if that sounds like you, I strongly encourage you to click on the link that’ll be by this video somewhere to register your interest for the sale this week. We’re only 12 once. We’re doing it only for 12 hours. Get in near the beginning, because that’s when the price is going to be the cheapest. Take advantage of it and what we’re here to help. We love doing what we’re doing. We love our trading. We love our teaching, our coaching, our community, everything about it. If you’d like to be part of it, get on board this week. Don’t miss out. It’s a great opportunity. See you later. Bye.

Episode Title: #410: 12 Years of Helping Traders, Will You be Next?

Learn More About My Course. Click Here!

If you have been trading for less than 6 months, click here

If you have been trading for more than 6 months, click here

Click Here to Check my Recommended Brokers.

The 30 Minute Trader Trip

Watch how Andrew made a +12.79% gain on a live account during 4 weeks while trading for just 10-30 minutes a day while on holiday in the UK and France.

CLICK HERE TO ACCESS THE VIDEOS >>

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#409: My Aims & Goals as a Forex Trader

May 2, 2021

My Aims & Goals as a Forex Trader

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#409 My Aims & Goals as a Forex Trader

In this video:
00:26 – Matt asked about my trading journey and goals
01:29 – Went to Auckland to take a Forex Course
02:05 – Anyone can become a trader if you really want to
03:03 – I developed a strategy and system that works for me
03:38 – Daily trades have been profitable every year
04:33 – Our team at TFTC
05:22 – Going forward from today
07:00 – TFTC Pattern Trader continues to achieve great results
08:55 – Ask me questions and register for our 12th Birthday Sale

Let me show you my aims and goals as a Forex trader over the next five to 10 years. And hopefully it might help you with your own goals. Let’s get into it right now.

Hey, Forex traders, it is Andrew Mitchem here at the Forex Trading Coach with the video and podcast number 409.

Matt asked about my trading journey and goals

Now on last week’s video, I got asked by a trader called Matt on YouTube, to explain about my trading journey to date, and also to explain a little bit about my own personal trading goals over the next five to 10 years. So, I started trading completely by accident around nearly 17 years ago. At the time I was a dairy farmer and I was milking cows, working seven days a week and ended up going through a divorce. And at the time had a two year old son. And to be honest, I didn’t really know what I was going to do in order to look after him, have an income.

And so I stumbled into trading completely by accident after hearing an ad on the radio all those years ago. And it kind of evolved from there to be honest. It wasn’t a deliberate move. It really was an accidental move, but as someone who’d always been, I suppose, self-employed, motivated, to me, it seemed like a really, really good thing to do.

Went to Auckland to take a Forex Course

So I went along up to Auckland, paid about $5,000 back then, which was a lot of money and did a course up there in Auckland. And the course, it was okay. But it got me into trading, and so here we are 17 years later and we’ve developed the Forex Trading Coach. We developed Pattern Trader. We’ve now got a new Echo Trade Copier, and things have changed massively and for the better. And I’ve got Forex trading, a lot of hard work, a lot of dedication, a lot of fails and some gains, to thank for that.

Anyone can become a trader if you really want to

And so Matt, thank you for your question because I think the important part out of this is that anybody can become a trader if you really want to. Now, realistically, it took me four years of trial and error, basically getting nowhere fast, of trying every single service, every PDF it was back then, that you could download every indicator, every expert advisor, every everything, basically, every forum I’d been on, and it just went round and round and round in circles. Anyway, so after four years, I thought, Andrew, you need to fix this. You need to make this work or you need to find a new hobby. And so I took everything off my charts and I made it work. I developed a system, a strategy that worked for me, and also one that didn’t require me sitting at the computer all day and night.

And that was the other thing, there’s so many strategies out there with scalping and things that all look really, really cool. But really they’re not long-term, practical and enjoyable.

I developed a strategy and system that works for me

So, I developed a strategy and system that works for me, and I’ve been now teaching that strategy and trading it myself. I’ve been teaching it for 12 years now at the Forex Trading Coach. We’re just about to celebrate our 12th birthday as well. And I’ll put details about that on this video and podcast for you. But over those years, we’ve helped so many people and my own trading has gone extremely well. The trading for the vast majority of our clients has gone extremely well. And we’re really proud, what we’ve developed over those years.

Daily trades have been profitable every year

As an example, for our daily chart trades that we post, and I’ve posted them on our membership site now for over 10 years, we’re into our 11th year of that, we’ve never had a losing year. They’ve been profitable every single year.

We’ve developed charts such as offline charts, we call them, for six hour charts, eight hour charts, 12 hour charts. It means we can look at the charts two, three, sometimes four times a day and trade full time and do other things, rather than just sitting, watching the charts and the computer all day, because that’s what you realistically need to do. One, if you’re starting and you’ve got other work, you’ve got jobs, you’ve got careers, you’ve got family, you’ve got hobbies. And two, when you decide or get to that stage where you can become a full-time trader, you want it to be enjoyable. You don’t want it to be an absolute grind. And yes, you’re making this fantastic return, but you are absolutely driving yourself into the ground by just being absolutely exhausted. And that’s not good either.

Our team at TFTC

So, my own trading, along with the Forex Trading Coach, we’ve developed a great team of people there now. We’ve got Paul Tillman over in America. And Paul started as a client with me probably seven years ago, very successful trader and then came on board with us here at the Forex Trading Coach. Paul looks after our forum site. He teaches my US webinar sessions. He teaches one-on-one online tuition. Fantastic trader, fantastic guy. And so we’ve built up the team. We’ve got Mikalai over in London who trades over there and helps teach our Russian speaking community. We’ve got Mhel in the Philippines and Mhel’s wife, Kim, who is on board with us as well for our tech help. Fantastic people, fantastic team based around the world.

Going forward from today

And so, going forward, that’s where we are today. Going forward, well, we’ve already got over 3000 people that are in our community. My aim is to build the best, the most transparent, biggest, most successful trading community of like-minded people. Now, when I say biggest, we’re not wanting hundreds of thousands of people, because that would just be a nightmare. We’re after people who really want to make this work for themselves. People who are motivated, dedicated to put in some effort, but also to get the rewards out of trading. That’s what we’re after, when we say a big group of people. People that just expect something for nothing, that think they’re going to press this button and it’s going to work for them, they’re not right for us. We’re not a good fit. We’re after people who are self-motivated. That’s why self-employed people work really well at trading. That’s why a lot of women make extremely good traders, because they’re a little bit more motivated and realise that good things take time, realise that some effort is needed, some dedication, some commitment. And if you’ve got that, you’re the perfect fit for us.

So going forward, more people like that. We’re still looking at building the team. Both Mikalai and Paul started as coaching clients and then did extremely well, and they developed into being on the team with us. So, when this whole COVID thing’s over and we can start travelling again, having some live group tuition, some one-on-one tuition all around the world, is a big aim for me personally. Of course, to keep my own trading enjoyable and profitable is a goal.

TFTC Pattern Trader continues to achieve great results

Pattern Trader is just developing into possibly one of the very best bits of auto trade software available. Results just continue to amaze us all and by results by so many different people as well. So, I’m looking at taking that to the next level, getting more and more people to have that blend between auto trading and manual trading. For those that don’t want to do any of the trading themselves, our Echo Trade Copier service is certainly a really good option that’s making some fantastic returns.

So for me, it’s about more of the same, helping people who want to help themselves. We’ve got a strategy that’s worked for all those years. It’s based on sound principles. It’s based on not needing very much time at your computer once you understand it and once you know what you’re doing. We help our clients with webinars, with real live time trading, daily trades, trades posted on our forum site, trades taken on our live webinars, European session and US session. We’ve got a great team of people, great team of support, lots of amazing trading software to make everybody’s life easier. So, that’s really where we’re up to. And so, that to continue is really what we’re about. So, that going forward, I love trading. I love the lifestyle that it offers, love the rewards and returns it offers. I love the coaching side of the things because of the people who we get to meet and talk to on a daily basis.

So, if you have any interest in trading, a really good option for you to consider coming on board with, if that’s what you want to do, we’ve just loved doing what we’re doing. So Matt, to answer your question more of the same, it’s fantastic.

Ask me questions and register for our 12th Birthday Sale

And anybody that has any questions, just drop me an email, andrew@theforextradingcoach.com. And don’t forget about our 12th birthday sale as well. I’ll put a link to that on this video and podcast somewhere for you to take advantage of that incredible sale that’s coming up on the 12th, 13th of May. See you soon. Bye.

Episode Title: #408: I Love Following Your Daily Trades

Learn More About My Course. Click Here!

If you have been trading for less than 6 months, click here

If you have been trading for more than 6 months, click here

Click Here to Check my Recommended Brokers.

The 30 Minute Trader Trip

Watch how Andrew made a +12.79% gain on a live account during 4 weeks while trading for just 10-30 minutes a day while on holiday in the UK and France.

CLICK HERE TO ACCESS THE VIDEOS >>

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#408: I Love Following Your Daily Trades

Apr 25, 2021

I Love Following Your Daily Trades

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#408: I Love Following Your Daily Trades

In this video:
00:29 – Client loves the course and the ability to learn and earn
00:55 – The problem almost everyone else faces
02:19 – This is why we are different
03:07 – Our Daily chart trade suggestions
04:24 – This gives you confidence
06:05 – If you haven’t joined us yet
06:43 – Have any topics for future videos and podcasts?

“I love following your daily trades as it is allowing me to learn, but also to earn.” If you’d like to do that also, listen up. I’ve got some great news to share with you.

Hey traders, it’s Andrew Mitchem here, the owner of The Forex Trading Coach with video and podcast number 408.

Client loves the course and the ability to learn and earn

Now, that comment was from a client of ours called Jonathan, who’s been with us for just over six months now. Jonathan sent me an email saying, “Look, I’m just loving the course, but what I love about it the most is being able to follow your daily trades because not only as I’m learning the course, I’m following along in real time what you’re doing and why you’re doing it, but your daily chart trades are making me money, and that’s given me so much confidence.”

The problem almost everyone else faces

When you think about the problem of most people out there in the Forex world, whether you start a new course or a strategy or a follow along on a forum, whatever it might be, you’ll develop your own strategy, the problem is… Or there are many problems. The problem could be this, and you’re going to find one of them. You’re going to find that you’ve got no support. You don’t really know what you’re doing. You’re not really sure who to ask if there’s a question you have about the strategy or the concept. You’re doing it alone. You’re sat there taking the trade and you’re doubting yourself. You’re questioning whether this is the right trade to even take. Who do you ask? Who do you follow?

What almost always happens is that you’ll end up with some doubt, some trades that get stopped out, you start losing money, you start losing confidence. Then you give up with that strategy or that system altogether, and you go out there and repeat the whole process again, looking for the next holy grail system, the next crystal ball of farts results and the strategy that’s going to fix all your problems. This is the one that’s going to solve everything.

Guess what, the whole cycle happens again. Eventually you just give up trading and you blame the market, you blame the broker, blame the strategy, blame everything, but the real issue is that you had no support or no strategy in the first place.

This is why we are different

That’s what we do differently. That’s why after nearly 12 years… By the way, we’re celebrating our 12th birthday in May. We’ve helped over 3,000 clients and traders from 94 countries over those last 12 years. So it’s something we’re immensely proud of.

But what makes it different are many things. We have the course, the strategy that works and continues to work and always has done on different timeframes, various payers, all sorts of things like that. The strategy is massively important. We have email support, lifetime support. We have trading software. We have our incredibly valuable forum site and live chat. We have our live weekly videos and webinars that we trade live in front of our clients and have Q&A sessions, et cetera. All of that is immensely important.

Our Daily chart trade suggestions

But the part that Jonathan picked up on that I like to talk about now is our daily trade suggestions. They get posted each day at the close of the daily candle. Just after 5:00 PM, New York time of day, we post specific trades based off the daily charts. At the beginning of each month, we talk about the monthly charts. Beginning of each week, we talk about the weekly charts. We post strength and weaknesses as well on each week and each day.

But every day, you have trades that you can follow based off the daily charts. It doesn’t matter where you live in the world. You can place those trades. We’ve got clients in 94 countries. No one has an issue placing the trades. So don’t worry that I’m in New Zealand and you might be in America or Europe or different time zones. It doesn’t matter.

The beauty of this is that you can see the trades that we’re taking, learn from them because we put the exact reasons why we’re taking the trade. You can look at that in real time. We put the exact entry and exit levels, which we teach in the course, but you again can go and follow and learn from those. But you can earn from those trades as well. Because every single year, since I started posting our daily trades back in 2010, 12 years ago, every single year, we have been profitable with our daily trades.

This gives you confidence

What that does for you as the trader, as the learner, as the student is it gives you confidence because you can go and look at that and train your eye, develop your skills in real time. We’re not about hindsight trading. We’re not economists that say, “Yesterday, this happened, or last week that happened.” We’re about, “This is what we’re taking today, going forward and why.”

Some days we’ll be profitable. Some days we’ll not be profitable. That’s just the nature of trading, but every day we put our neck on the line, as it were. We’re saying, “These are the trades that we are taking and why,” and they are profitable. Overall, they are massively profitable for our clients. So it eliminates that self doubt. You’ve got people to ask, you got real trades getting presented to you with the reasons why, so you’re not sat there by yourself doubting yourself. “Should I take this? Should I not take this?” We’re taking these trades on our own live accounts anyway. You’re just there to educate yourself, to train yourself, to be able to do this for yourself on any currency pair, any timeframe, but with our help to start with.

Not only are you learning, but you are earning. That helps massively with the confidence because your live account, if you’re trading live, or your demo, if you’re right at the beginning, is going up in the right direction, which gives you confidence in the strategy and your ability. Massive, massive, massive boost to your confidence, boost to your trading account as well.

Jonathan, thank you for sending me that email. I massively appreciate that, and glad that after just over six months that you’re earning money and you’re learning and you’re enjoying the course.

If you haven’t joined us yet

If you’re not with us yet, I’m going put a link next to this video and podcast to the course information, so you can see everything that we provide and you can see the reasons why after 12 years, we are probably the number one Forex education company in the world.

I say that because after 12 years, I don’t know of any other companies that are still existing that were back 12 years ago. We continually help clients and we continually have profitable results and successful students. So if you’d like to join us, you know where to find us.

Have any topics for future videos and podcasts?

If you’d like me to cover any topics like this on future videos and podcasts, just send me an email to andrew@theforextradingcoach.com. We’re here to help. Bye for now.

Episode Title: #408: I Love Following Your Daily Trades

Learn More About My Course. Click Here!

If you have been trading for less than 6 months, click here

If you have been trading for more than 6 months, click here

Click Here to Check my Recommended Brokers.

The 30 Minute Trader Trip

Watch how Andrew made a +12.79% gain on a live account during 4 weeks while trading for just 10-30 minutes a day while on holiday in the UK and France.

CLICK HERE TO ACCESS THE VIDEOS >>

Podcast: Play in new window | Download

#407: Trading the FX Market Hands Free

Apr 18, 2021

Trading the FX Market Hands Free

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#407: Trading the FX Market Hands Free

In this video:
00:25 – Following on from TFTC Pattern Trader
00:49 – Introducing Echo Trade Copier
01:48 – No VPS, no software, and turn your computer off
02:22 – Excellent results in 2 months
03:35 – All results are 3rd party verified by MyFXBook
04:17 – Contact me if you have a topic you’d like me to talk about

Would you like to know about a way that produces results and allows you to trade the Forex market 100% hands-free? If you would, listen up.

Hey, Forex traders. It’s Andrew Mitchem here at the Forex Trading Coach with video and podcast number 407.

Following on from TFTC Pattern Trader

Now, following on from last week’s video and podcast I made about our amazing trading bot software called TFTC Patent Trader, I’ve had a number of people say to me, “Hey, Andrew, look, I’d love to get the results and the returns that you get from trading the Forex market, but I just don’t have the time or don’t have the interest to really want to know how to trade. What is it that you can do to help us?” And so I have the perfect solution for you.

Introducing Echo Trade Copier

And it’s our trade copier software called Echo Trade Copier. Now, what that allows you to do is to have your trading account in your own name, and it’s completely independent of us. It’s your trading account with your broker of choice, have that account traded and mirror my own account that I use through Patent Trader.

Now, it’s an excellent way to allow you to gain some very, very high returns, but it also means that you don’t have to do anything at all. It literally is a five setup process through independent third party software that basically links your account to mirror the trades that I take on my account. Now, you can still jump in and intervene and close trades or risk more or risk less, if you really want to, or we can just leave it alone to have it mirrored 100% the same as my own account.

No VPS, no software, and turn your computer off

Now, for that, it means that you don’t need your computer on. You don’t need any virtual server. You don’t need any extra software. You don’t need anything at all. No expert advisors. You don’t need anything. All you do is just link the two accounts. It really is a simple process. All that included in that cost of the integration, it’s just $84 U.S. per month. And most virtual server companies charge $30 to $40 a month. That’s included in that fee.

And so we pay that for you as part of the $84 a month, and that just means that you then have everything copied across to your account.

Excellent results in 2 months

Now, this has been running for just two months, so it’s fairly new, but the results are outstanding. So far, in the two months, we are at plus 22.5% in gain, with only a 5.8% drawdown. Now, it’s really important that you understand that drawdown as well. It’s all well and good having a 22.5% gain, but the trouble is so many people risk far too much and they have massive drawdowns, and they might have a 30%, 40% drawdown to gain the 20% profit. So the reality is, that’s pretty tough to go through. What we find really important with our way of trading is our drawdowns are kept to a minimum. So right now 5.8% is the maximum drawdown you would have been if you had decided to join on the absolute worst day. And let’s say you had a $10,000 account, your account would be down by $580, the absolute worst day over the last two months.

But if you had started at the beginning and you started with $10,000, you’d have been up, what’s that, $2,250 so far in two months, 22.5% gain in just two months. Great returns, very small drawdowns and risk.

All results are 3rd party verified by MyFXBook

It’s also completely verified by Myfxbook, so it’s 100% a third party verified trading results as well. And so really there’s not a lot better you can get than that when you look at those results so far averaging a 10% gain per month. So have a look into it if you’d like to have your account mirrored on our account that we run on our pattern trader software. Just $84 U.S. a month is a great way to make some fantastic returns. It’s called echotradecopier.com. I’ll put a link on here on this video and podcast for you to go and check it out. Thanks for listening. Thanks for watching.

Contact me if you have a topic you’d like me to talk about

If you have any other trading questions or you’d like any other information that I can help you progress further with your trading, just send me an email to Andrew@theForexTradingCoach.com. And I’ll see this time next week. Bye for now.

Episode Title: #407: Trading the FX Market Hands Free

Learn More About My Course. Click Here!

If you have been trading for less than 6 months, click here

If you have been trading for more than 6 months, click here

Click Here to Check my Recommended Brokers.

The 30 Minute Trader Trip

Watch how Andrew made a +12.79% gain on a live account during 4 weeks while trading for just 10-30 minutes a day while on holiday in the UK and France.

CLICK HERE TO ACCESS THE VIDEOS >>

Podcast: Play in new window | Download

#406: How to Create Profitable Forex Robots in 2 minutes

Apr 11, 2021

How to Create Profitable Forex Robots in 2 minutes

Podcast:

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#406: How to Create Profitable Forex Robots in 2 minutes

In this video:
00:29 – Creating bots in under 2 minutes
00:45 – TFTC Pattern Trader software
01:15 – My results for March
01:49 – How it works
02:28 – Leader board displaying the top 20 bots
03:22 – Signals arrive via Telegram
04:39 – Sign up for a 10 day trial
05:00 – Back test software and direct MT4 integration
05:38 – View the site for yourself https://tftcpatterntrader.com/

Would you like to know how to create profitable forex trading robots in just two minutes? If you would, listen up, I’ve got some fantastic news to share with you.

Hey traders, it’s Andrew Mitchem here at the Forex Trading Coach with video and podcast number 406.

Creating bots in under 2 minutes

And that’s right, you can now create profitable, real forex trading robots in under two minutes. Sounds a little bit far-fetched, doesn’t it? But honestly, it is true. And we have created some software called TFTC Pattern Trader.

TFTC Pattern Trader software

It’s software that we’ve been using now for almost one year. And up until now, pretty much everybody using it has been our forex coaching clients. But we are now in a position where we are able to offer this incredible trading software to the general public. So you don’t need to be a Forex Trading Coach client in order to start to use this now, to benefit from it.

My results for March

So just some quick numbers, March completed with my bots that I am using myself a 14% gain on my live account. Pretty much hands free. This month, so far April and bear in mind most of it’s been closed because of Easter and I closed off the bots just prior to Easter, just after Easter. So far right now, as I’m recording this on Friday, the 9th, I am up 4.5% on my trades. Again, pretty much hands free.

How it works

So the software quick description, first of all, it only uses my trading strategy. But you have the ability to create your own bots and you can literally create them by ticking a few boxes and then checking them for backtesting in under two minutes. It this quite incredible, like nothing else you would have seen. And the other thing you can do is you can use some of our ready-made bots.

You can use the exact same bot that I use myself, and I’ve made that 14% in March and currently up 4.5% so far in April, you can use exactly the same one. You can look at it, you can tweak it, you can add to it, you can do whatever it is you like.

Leader board displaying the top 20 bots

The other thing that we have is a leaderboard and the leaderboard displays our top 20 clients bots that they have created. And on the top 20, the lowest number 20 has had an actual return of almost 15, one fiver percent so far to date. The highest one so far has made 85%. Now, these are since their inception, they’re not annual returns. The annual returns are likely to be significantly higher. The other important thing to notice though, of course, it’s all well and good having great results. But the important thing to note is the drawdowns. And the drawdowns on almost all of the bots on the top 20 there are extremely low, most of them 5% and under. Yet they’re getting results of 15% up to 85%.

So you can also follow along with those as well, if you wish to.

Signals arrive via Telegram

And we use a great piece of software, which you’ve probably heard of called Telegram. And what happens is when the bot creates a signal, it goes through to your Telegram on your phone or your computer. You can look at it and you can see the trade and you literally press yes or no, and it will place the trade on your account for you. To take that one step further, we have the ability to completely automate the trading process as well. So the trades can be placed onto your account 100% automatically. And so there are various options there, depending on which level of the service you prefer to take. Now, even on the 100% automatic service, which is the one I use myself, I still manually look at trades and from time to time close part of trades or even close them in full, just depending on what the trade looks like itself.

But really, it really is about sort of, for me, 95% of the time it’s completely automated. And so the bots give you the ability to create your own bots with your own money management rules on pairs that you like to trade. And you can go through and fine tune those by eliminating certain pairs or timeframes or creating a group of bots to put together to make a portfolio. It really is a very simple process to do.

Sign up for a 10 day trial

And on our site, we are giving you access to the basic level of the software for 10 days, free of charge. After that, you can decide if you like the software and to be honest with results like we’re getting, you’d be crazy not to, but that’s your call. But if you’d like to then continue, you can then upgrade for a paid monthly or annual service.

Back test software and direct MT4 integration

The other thing is this, we have not only built in back tests software, which is phenomenally good software and data, but we also have built in your MT4 account gets built into the software.

So included in the price is the integration. You do not need to go and have your own virtual server. You do not need to leave your computer on or anything like that. It’s all built in to the package. All you need is either demo or when you go live, a live MT4 trading account and you can have those trades placed directly onto you live account, completely hands-free.

View the site for yourself https://tftcpatterntrader.com/

So what I’ll do is I will put a link to the software on this post. And if you want to have a look at it, I recommend it, try either joining for a month or two, or just try the 10 day trial. But the website is tftcpatterntrader.com.

So I hope that helps if you’d like to create bots in two minutes, really it is under two minutes. It is an incredibly simple process to create them. Or you can follow along with the bots that we’ve already created. It’s changing the way that traders are trading, and it’s there for you to take advantage of. Click on the link that will be on this post. And I look forward to sharing our incredible software with you. So once again, this is Andrew Mitchem here at the Forex Trading Coach. I’ll see you this time next week with more information, bye for now.

Episode Title: #406: How to Create Profitable Forex Robots in 2 minutes

The 30 Minute Trader Trip

Watch how Andrew made a +12.79% gain on a live account during 4 weeks while trading for just 10-30 minutes a day while on holiday in the UK and France.

CLICK HERE TO ACCESS THE VIDEOS >>

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