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#423: Preparation is the Key to Your Trading Success

Aug 15, 2021

Preparation is the Key to Your Trading Success

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#423: Preparation is the Key to Your Trading Success

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

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

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

Hard work and preparation pays off

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

It’s the same in learning how to trade

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

The planting of 1500 trees

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

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

Trading on a demo account – the ups and the downs

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

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

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

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

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

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

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

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

Blueberry Markets will fund an annual subscription to Echo Trade Copier

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

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

Sharing some of the tree planting images

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

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

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

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

You must take action if you want to succeed

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

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

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

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

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

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

Click here to Learn More About my Course

Click here to learn more about Blueberry Markets

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#422: It’s Your Choice

Aug 8, 2021

It’s Your Choice

Podcast:

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#422: It’s Your Choice

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

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

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

You have a choice

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

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

My choice 13 years ago

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

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

Sharing some of our results with you

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

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

Our choices helping traders each day

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

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

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

Who to choose as a broker?

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

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

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

Episode Title: #422: It’s Your Choice

Click here to Learn More About my Course

Click here to learn more about Blueberry Markets

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#421: Knowing When to Trade

Aug 1, 2021

Knowing When to Trade

Podcast:

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Click here to Learn More About my Course

Click here to learn more about Blueberry Markets

#421: Knowing When to Trade

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

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

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

When should I trade?

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

How I used to trade many years ago

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

Do what works for you

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

Some examples of when I trade

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

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

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

This makes trading enjoyable

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

Where to put your funds and why I use Blueberry Markets

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

How and where to trade

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

Share and like this video and podcast

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

Episode Title: #421: Knowing When to Trade

Click here to Learn More About my Course

Click here to learn more about Blueberry Markets

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#420: Have You Received Your Inflation Bonus Yet?

Jul 25, 2021

Have You Received Your Inflation Bonus Yet?

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#420: Have You Received Your Inflation Bonus Yet?

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

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

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

Inflation is about to take off

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

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

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

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

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

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

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

Do you have a 4% pay increase?

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

What can you do about this?

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

Well, that’s fine, so do most people.

Look at our recent Monthly chart trade results

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

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

Our +5.5% gain from just 3 trades

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

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

Talk to us

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

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

Click here to Learn More Abouy my Course

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#419: Trade When the Conditions are Right

Jul 11, 2021

Trade When the Conditions are Right

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#419: Trade When the Conditions are Right

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

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

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

Knowing when to trade

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

Why I trade candle patterns

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

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

Don’t trade if the market is flat

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

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

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

Look at this week’s trading charts

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

Our results from this week

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

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

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

Get onto one of my weekly webinars

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

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

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

Click here to Signup for the New Traders Webinar

Click here to Signup for the Experienced Traders Webinar

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#418: Incredible Returns from Our Trading Bots

Jul 4, 2021

Incredible Returns from Our Trading Bots

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#418: Incredible Returns from Our Trading Bots

In this video:
00:27 – TFTC Pattern Trader Updates
01:13 – Updates coming in August
01:59 – Our top bot traders
03:18 – 2 weeks free trial available
03:30 – Traders making great returns and enjoying knowing how to trade
04:17 – My trading blend of manual and auto trading

I’m going to give you some updates from our TFTC Pattern Trader software, and also talk about some very happy coaching clients.

Let’s get into that and more right now.

Hey traders, Andrew Mitchem here at The Forex Trading Coach with video and podcast number 418.

TFTC Pattern Trader Updates

Now, I want to give you an update, first of all, regarding our amazing bot trading software called TFTC Pattern Trader.

I’ll put a link to it on this page, so you can go and get yourself a free two-week trial to that software.

Now, the software basically allows you to create different trading robots using my strategy across different timeframe charts with different criteria, and allows you to back test those trades, and also, then, when you’ve created a portfolio of bots that you like, to take those trades on a live account, that you have your MT4 account built into the software.

So you don’t need any extra VPS. You don’t need any expert advisors, you don’t need anything like that. It’s all integrated together.

Updates coming in August

Now, in early August, we will be having some new updates and upgrades to the system. It’s already incredibly amazing.

It’s going to get even better. We’re going to have new functions, like the ability to forward test, as well as just back test, which is going to be a massive improvement yet further.

We’re going to also have the ability for people to fine tune different indicators on different timeframe charts, plus you’d have the ability to use the built in virtual server and built in virtual account to have it in different currency denominations and start at different account sizes, to make it realistic, to see what returns the bots would have created, and back test and then forward test and then going into live trading.

Our top bot traders

Now, just to give you some examples, our top 20 leaderboards, that’s the top 20 returns from people using the software already, all 20 of those people have made actual returns of over 20%.

Now, they’ve been using it for different lengths of time, but the top person right now is at 76% gain from their bots.

Now, don’t forget that they’ve created these bots using a simple strategy, simple to do, and they’re running this on live accounts, and they’ve made 76%, all with low drawdown as well.

And the top annualised return, so, this person hasn’t made this yet, but they’re projected to, according to their current figures, they’re up to make 221% gain on their account in 12 months, according to where they are so far, with their actual live account returns.

Quite amazing returns when you think about that, and don’t forget, it’s all automated, or you can manually opt to take trades or not via Telegram when you simply get the trade sent through to you, you can see the trade and you decide yes or no on Telegram app, and it automatically places the trade there onto your trading account, or it can be completely, 100% automated.

So it’s quite amazing returns that people are getting there.

2 weeks free trial available

As I said, there’s a two week free trial that we can give you to the basic version of the software. Just go to TFTCpatterntrader.com. And as mentioned, I’ll put a link on this post, as well.

Traders making great returns and enjoying knowing how to trade

Now, last thing I want to comment about is, two clients last night on my webinar, John, over in the UK said, “Thanks for the webinar. Great as normal, I’m learning a lot, and hopefully on my way to consistency after so many years of trying.”

John’s just been with us for about a month and just changing his trading around, some of the comments that he sent through were just amazing about how he’s finally now starting to understand what it is he needs to look for within his trading, and Sean, who is from here in New Zealand, Sean said, “The course is amazing. I’ve learned more through the webinars and the forum, which definitely complements the course. I highly recommend it.” And for June, he made over 6% percent on his account gain.

So, just shows what’s happening.

My trading blend of manual and auto trading

So, for me, the answer for trading going forward, is to have some manual trading, and some bot trading, some automated trading.

And our bot trading is still working on my trading strategy, but it just frees you up even more time and takes even more emotion out of things.

So, look, if you want to know about the coaching course, have a look at theforextradingcoach.com.

If you want to know about our pattern trader software, which really is the best automated trading software out there anywhere… I’m not just saying that because we’ve developed it, and helped create it. I’m saying that because I genuinely believe it. It’s like nothing else out there.

Have a look at TFTCpatterntrader.com. Any questions, send me an email andrew@theforextradingcoach.com, or leave an email or comment on this post.

If you’re on YouTube, leave a comment. Don’t forget to share and like the video, send it through to any friends you may have who are interested in making some great returns through the Forex market.

Once again, this is Andrew Mitchem here at The Forex Trading Coach. I’ll see this time next week. Bye for now.

Episode Title: #418: Incredible Returns from Our Trading Bots

Click here to learn more about our TFTC Pattern Trader

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#417: Are Cryptos a Good Investment?

Jun 27, 2021

Are Cryptos a Good Investment?

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#417: Are Cryptos a Good Investment?

In this video:
00:22 – Crypto currencies or Forex?
00:45 – The advantage of Forex
01:39 – Bitcoin crashes 50% in 2 months
02:53 – Emotions when trading live
03:49 – Forex is the clear winner

Are cryptos a good investment? Let’s talk about that and more right now.

Hey traders, it’s Andrew Mitchem here, the owner of the Forex Trading Coach with the video and podcast number 417.

Crypto currencies or Forex?

Now there’s obviously a lot of talk and a lot of speculation around right now, about cryptocurrencies, and are they a better way of trading than trading the traditional forex market? And with all these new things, everybody thinks that the next thing’s the best thing, but for me, there are so many reasons why trading forex is so much better than trading cryptos.

The advantage of Forex

To start with, forex is stable. It’s been around for years and years now. It’s stable. You can trade it fundamentally. So you can look at world events, news items. You can trade it technically, you can look at your charts. You can trade it with a combination of both. As you know, I’m a technical trader in the forex market, and so what I see on the charts tells me what’s likely to be happening and where I can put my entry and stop loss and profit targets, et cetera, to gain my low risk, high reward trades that we trade.

And so for me, that’s a huge advantage, and world events move the forex market. And you only need to know about eight different currencies, the main currencies, and that’s it. So there’s a lot of advantage there. You’ve got stop loss protection, you can trade different timeframe charts, you know exactly when to look at your charts, et cetera. So all those benefits that you just do not get in the crypto currencies.

Bitcoin crashes 50% in 2 months

Take Bitcoin for example. Just two months ago, Bitcoin almost got to 65,000 US dollars for one Bitcoin. Today, two months later, right now it’s at 33,000. That’s almost a 50% drop in the value of Bitcoin. And that’s something you just do not get in the currency markets. You imagine if you went out there and just bought a Bitcoin and paid nearly 66,000 US dollars or 65,000 US dollars, and today it’s half that value. That’s clearly not good.

But the thing is, how do you trade that? And the beauty of the forex market is you can trade the forex market and you’re in and out of trades relatively quickly, depending on what type of trader you are within a few minutes, a few hours, a few days sometimes, the odd time a week or so. But you’re in and out of that market without those big gaps and those big gaps up, big gaps down and all of a sudden your Bitcoin’s gone from 33,000 down to 25 or maybe 33 up to 38 or something. Big gaps up and down are very, very dangerous emotionally. And you cannot really put stop losses in place, and it’s really hard to control what’s happening when you get those gaps.

Emotions when trading live

So to me, you’ve got to remember that when you trade live, anything live, it’s very, very different. The whole could’ve, would’ve, should’ve scenario, all sounds great in hindsight, “Oh, I should have bought Bitcoin when it was $2,000 and then I should have sold it at 65,000.” But thing is, did you really do that? And so when it comes to real money, it’s a lot harder than the would’ve, could’ve, should’ve theory, because it’s real. It’s real money. It’s your hard earned cash. It’s an investment. You’ve got to make a decision and you’ve got to stand by that decision as your cryptocurrency right now, over the last two months has just done nothing but drop. When you get out, do you lose money? Do you accept a loss? All those things, really, really difficult when it comes to real money.

So theory of cryptos, absolutely fantastic in theory, of all these different ideas and different currencies coming out.

Forex is the clear winner

The reality is, if you want a good, safe, steady return with a good investment proven market, absolutely the forex market without doubt wins completely and utterly in my opinion.

I hope that helps. So again, difference between theory and reality. It’s a big one when it comes to actually putting your money, putting your neck on the line.

I’ll see you this time next week. Bye for now.

Episode Title: #417: Are Cryptos a Good Investment?

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#416: How to Achieve Time Freedom

Jun 20, 2021

How to Achieve Time Freedom

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#415: Get a copy of our Traders App

In this video:
00:31 – Feedback from our live weekly webinar
01:23 – How to achieve time freedom
02:00 – I look at the charts twice a day
03:04 – The beauty of trading Forex
03:27 – Commit to learn at the beginning
04:14 – 2 trades taken live on our webinar
04:36 – How to take the next step

Time freedom. It’s something everybody is searching for. Let me share with you now how Forex Trading can help you achieve the time freedom that you’re looking for.

Hey traders, it’s Andrew Mitchem here at the Forex Trading coach with video and podcast number 416. And I want to talk about time freedom on today’s video and podcast.

Feedback from our live weekly webinar

But first, I just want to share with you an email that I’ve received from a new client who attended my live webinar just last night. And by the way, I took two trades on the one-hour chart and the two-hour chart. Both were profitable on the webinar, made our clients a lot of money.

Received this from John. “Hi, Andrew. I’ve been in many live sessions over the last few years. In fact, hundreds from … Won’t read the company name out, but a well-known Forex course.

And today, with you was by far the best. It was simply sensational. It looks like after so many years of frustrations, dead ends false starts and false dawns. I’ve found the right organisation and mentor,

and it comes as a relief having thrown in the towel a while ago exhausted and depressed” that’s from John. So just wanted to read that out for you. It’s just recently been received.

How to achieve time freedom

So back to time freedom. We all have the same time. It doesn’t matter where you live in the world, how old you are, how much money you’ve got, whether you’re male, female, what your job is, it does not matter. Everybody has the same amount of time and it’s how we use it that is the most important thing. And I want to share with you why I believe that once you can understand trading and once you’ve trade properly, how it’s more than just like the monetary side of things that is important. It’s the time side of it, it’s the freedom that it provides.

I look at the charts twice a day

For me personally, I commit to looking at the charts twice a day. If I do that, I can trade full time, look through ample charts and make some great returns. And so what that allows me to do is to choose what I do the rest of the day, whether that be something that wants to be freed up time for you know, you might want sort of more time for either other work. You might want it for sports, recreational, family, whatever it is you do. I live on 11 acres here, it takes quite a bit of looking after you know, we do all this ourselves, myself and my wife.

So I need time to go and do those type of things. I fly a helicopter, you know that takes time and commitment for learning and training and actually doing the fly. So I like to do that. I like to play sports, we’ve got five children, you know it takes time to do all the running around for kids. Being the taxi service, the mum and dad, taxi service for children and all and commitments and schoolwork and all those types of things. So all takes time out of your day.

The beauty of trading Forex

And the beauty of trading is that because I know when to look at the charts and for me, it’s 5:00 AM and 5:00 PM, New York time. And that’s the only time I look at my charts.

I know what free time I have during the rest of the day and night to decide on what to do. And so that to me is one of the benefits.

Commit to learn at the beginning

Now, of course, when you start trading, you’ve got to commit to extra things like John with the webinar there, he’s on the webinar for two hours yesterday as were a lot of our clients. And yes, you need to commit because that’s like educational. That’s building up your knowledge in real time to get that stage where you can trade either sort of part-time if you want to or full time, some people get to that full-time stage and that’s when you really make that true financial and time freedom break.

And you know, obviously not a lot of people get there, but it takes time and dedication. You’ve got to start somewhere. So exactly like John, jump onto something that works, jump onto something that’s proven. And with people who are actually trading live.

2 trades taken live on our webinar

Like I said, I took two trades on my live account in front of our clients. They were taken on the webinar and by the time we’d finished the webinar, they both hit profit. You know, people could take those trades follow along with that in real time and profit from those positions that we took, there is no better way to learn than to follow someone in real time with their trading.

How to take the next step

If you’d like to know more, just reply to us or send us an email, Andrew at theforextradingcoach.com or find my details on our website. We look forward to helping you to gain more time freedom in your life. Bye for now.

Episode Title: #416: How to Achieve Time Freedom

Click here to Learn More About my Course

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#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

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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

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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