Weekly Video News & Podcast

#356: Will the Coronavirus affect Forex Traders?

Mar 9, 2020

Podcast:

Will the Coronavirus affect Forex Traders?

In this video:
00:20 – Joined by Paul Tillman from NC, USA
00:40 – Webinars, Trades and the Coronavirus
01:00– Recent webinars and how you can benefit – view the recording
02:45 – Our trading day today
04:13 – Trading with the Coronavirus and how it has affected the charts
05:27 – Monthly chart trades make massive profits with the Yen strength
06:02 – Why we are technical traders and where are the charts heading?
07:20 – Live trading sessions in the UK later in the year
08:50 – Contact us if you are interested in knowing more about our trip to the UK for training

Andrew Mitchem:
Will the Coronavirus affect us as Forex Traders? So let’s talk about that and more right now.

Paul Tillman:
Hey traders, it’s Andrew Mitchem here, The Forex Trading Coach, video and podcast number 356 and I’m joined by Paul Tillman here.

Joined by Paul Tillman from NC, USA

Paul Tillman:
Hello everybody. All the way from North Carolina here in Nelson, New Zealand. Good to be with you today.

Andrew Mitchem:
So Paul’s been over here for the last 10 days with me and with his wife and two children having a great time here in New Zealand, showing them the sights and the sands. Now a number of things we want to talk about on this video.

Webinars, Trades and the Coronavirus

Number one about some webinars that we held recently, and how we can help traders with trading information and there’s a link here also to the webinars that we held, and also want to share a few trades that we’ve taken recently and lastly, we want to talk about the coronavirus and how it’s already affected trading, and what it’s likely to do in the future.

Recent webinars and how you can benefit – view the recording

Andrew Mitchem:
So Paul, let’s start at the first thing, the webinars we held just last week. Maybe you could just describe what we did and how it went and how people can benefit from that information using the links that are below this video.

Paul Tillman:
Absolutely. So we took lots of questions and emails and basically got it down to a few categories of what traders are having issues with or if you’re brand new experience, and they came down to trading psychology, not having a strategy, some things that brokers and indicators or, “I’ve done okay, but I’m giving away too much money, I’m losing.” And so we took all of those and we just talked about them. What we’ve seen in our course, what we’ve seen as 15, 20 plus years together have trading experience. And we took each topic and talked about it at length and it went very well.

Paul Tillman:
Kind of help sate solve those problems with the questions and answers and things and why we have a strategy and psychology and all these different things, and we’re part of those 5% of traders that are actually profitable and not part of the 95% that end up failing.

Andrew Mitchem:
Absolutely. And I think the thing that came through from it is, it was practical information. It was realistic, practical information that we use as traders every day that our clients use, and we’re passing on that information for other people to use.

Paul Tillman:
Absolutely. Yeah. We’ve got clients in 50 plus countries, who do well with our forum site and our webinars and our daily trades, and just being consistently profitable, which is the number one problem. The number one goal that people want to have as Forex traders.

Our trading day today

Andrew Mitchem:
Absolutely is all we’re after. And the other thing that was important that came out of that is that maybe you just describe our morning so far today, because the important thing is that people think of Forex trading as something you got to be sat at the computer all day watching every pip move up and down and really you don’t.

Paul Tillman:
That’s right. We had a couple minutes look at charts early this morning to see what happened overnight, but we took Andrew’s kids to a school this morning, and then we went out for about a 30 minute kayak ride. Both of us fit on this nice little kayak. And that was a great bit of fun. And then we had a little bite to eat. I drove Andrew’s Peugeot around just a little bit, then we did a little bit of tennis. So the entire morning was just fun typical things that we’re both dads that we would do, and just taking care of certain things. Then we did daily trades. That was late morning.

Paul Tillman:
Woke to the charts, maybe 20, 30 minutes and put our daily trades on. Then we also took some offline charts, so some six, eight, 12 hour charts. We have unique custom made software to do. We took it’s probably … Yeah, four or five of those traits.

Andrew Mitchem:
Five, yeah.

Paul Tillman:
Now we’re sitting out here, just had lunch with both the families and yeah, we’ll check on those trades later.

Andrew Mitchem:
Yeah, absolutely. And that’s the thing, the offline charts, you can look at them at exactly the same time as the daily charts. That’s the beauty of them. It’s not taking up extra time.

Trading with the Coronavirus and how it has affected the charts

Andrew Mitchem:
So I’m lastly moving on the coronavirus. It actually did us a huge amount of favours trading wise anyway, maybe not other things around the world obviously with the issue, but trading wise with the strength in the Japanese yen on Friday we had our best day for a long, long time.

Paul Tillman:

We did. We had two specific monthly trades on the New Zealand Japanese yen and the Aussie Japanese yen and the yen just strengthen an absolute tonne. We took these trades in the beginning of February, and the last day of February as it have it to be, they hit the full profit target. We’re talking three and a half, four to one trades on both and one of those was on the retracement order and a market order where we got right into the trade. So, there’s absolutely fantastic results. Even if you had a little bit of a minor losing streak or some losing trades, this took those out and we made two or three times more.

Paul Tillman:
And it was just two trades. It took 10 minutes at the beginning of February, and they just did wonderfully. And you had the technicals ended up following the fundamentals in a way. The news happened, but the technicals were already showing it, and the trades worked out perfectly.

Monthly chart trades make massive profits with the Yen strength

Andrew Mitchem:
That’s the thing you got to remember, here we are in the first week of March, yet over a month ago, we saw that setting up on the monthly chart and took those trades.

Andrew Mitchem:
And like you said, it took to the last day of February. But that didn’t matter, because on a monthly chart you’re expecting trades to last for longer. But the amazing thing that I found from it is that we saw that over a month ago, nearly five weeks ago, we took the trades and obviously the virus issues got worse over February and into March around the world. But in the end strengthened. But the technical showed that a long time ago. And that’s the really great thing with understanding good technical trading.

Why we are technical traders and where are the charts heading?

Paul Tillman:
That’s right. That’s why we technical traders trading from that right hand side of the chart. Yes we do pay attention to fundamentals, but that’s not the basis of our trading at all. It’s 11 years worth of good technical analysis that works year after a year, month after month, day after day.

Andrew Mitchem:
Absolutely. And so I suppose really a bit of a prediction where things are going with this virus and they shouldn’t have that will help people. So right now we’re still looking at a massive strength in the yen. So I suppose people are seeing that as like the safe haven currency, the yen and also generally the franc and the U.S tend to be that. Over here in New Zealand, the New Zealand dollar is getting absolutely hammered right now. So is the Canadian. Today the Canadian was exceptionally weak and so the commodity currency seem to be getting a bit of a hammering. Whereas the safe haven currencies, they’re the strong ones right now.

Paul Tillman:
That’s right. Yeah. It’s all about strength the weakness and following those trends and it’s what we see each day in the charts. You don’t have to have perfect predictions all the time. It’s just what we see on the charts at the time and if we’re looking at trades at the time, we’re not looking at indicators at price action, it’s already happened. It’s what’s happening right now, the current day, current time and then making those trades based off that.

Live trading sessions in the UK later in the year

Andrew Mitchem:
Absolutely. So Paul funnily look, you’ve been here for 10 days, had a great time with you and your family. Absolutely awesome to have you here. One thing we have mentioned is that we potentially might be doing a bit of a live trading session over in London later in the year, maybe about August, possibly September time. Any comments for anybody over that side of the world that might want to come and join us?

Paul Tillman:
Yeah, so if you’re in one, and obviously I’m biassed to the U.S and Andrew’s biassed to New Zealand, maybe a little bit of Australia. But the London market is probably consistently the biggest market out there in the world for folks who want to trade big financial centres. What you get out of that is you hear a lot of, “Oh no, I’ve been scammed. I don’t have the right education. This person sold me on this, and it wasn’t real. It didn’t happen. I’m stuck. I don’t know what to do. I’m not profitable.” We’re planning on heading to London later in this year. August, September timeframe.

Paul Tillman:
So if you’re interested in that, we’d be happy to give you some more information. Hope to have a huge group of people that we can train effectively, so you can be consistently profitable, and they can forget those ways where they’re really struggling and they want to do Forex as a business and make money to trade, but it’s just not happening for them. So we’ll be planning to be over there. We’ll get some more information out later on this month and later on in the year and it’ll be Andrew, myself, and a few others hoping to have a big event in London later this year.

Contact us if you are interested in knowing more about our trip to the UK for training

Andrew Mitchem:
Absolutely. So look, if anybody’s interested in that, I know it’s a little bit down the track yet, but if anybody’s interested, just reply to the email that you get this video on, or send us an email, andrew@theforextradingcoach.com or paul@theforextradingcoach.com and we’ll be happy to fill you in with extra information. But thanks for watching. Any other sort of videos that you’d like us to make in the future, either myself or Paul, any trading information you’d like us to cover, just send us an email and we’re here to help. Support once again, thanks so much for being here. Awesome to have you and safe travels home.

Paul Tillman:
Yep. Thank you for everything, Andrew. Thanks everybody. Good to see you from New Zealand. Thanks.

Andrew Mitchem:
Bye.

Click Here to watch the recorded session.

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#355: What Does Your Trading Day Look Like

Mar 1, 2020

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What Does Your Trading Day Look Like

In this video:
00:25 – How to structure your trading day
01:06 – You’re not going to be a full-time trader immediately
01:46 – Fit your trading around your current situation
02:10 – My trading day
03:45 – Looking at different time frame charts
04:32 – Looking at the changeover of different time frame charts
05:16 – Live trades on live webinars. Trade hit profit
06:15 – Trading in 30 minutes a day

What does your trading day look like? Let’s talk about that and more right now.

Hey traders, Andrew Mitchem here at The Forex Trading Coach. Welcome to video and podcast number 355.

How to structure your trading day

I want to answer a question that I get asked quite a lot about, how somebody should structure their trading day and also what does my personal trading day look like? So let’s talk about that because it’s really important that as a trader you have a plan, you have a structure and that you have a routine. Why? Well, because you never really know what the market’s going to do and you need to be there… In my opinion, you need to be looking at the same type of charts and the same time of day as often as you can. And that just gives you consistency over time and you get to understand how the market works and its characteristics, et cetera. And now, obviously we’re trading, to do it properly you’ve got to enjoy it.

You’re not going to be a full-time trader immediately

Now for most people, realistically, you’re not going to be a full time trader, at least to start with. You’re going to have other commitments, family, jobs, sport, music, whatever it might be. And the problem is, is that right now there seems to be a bit of a movement around the so called sort of work hard lifestyle kind of gurus out there. And they’re sort of getting into this, you’ve got to keep going, going, going, going, going, go to work sort of 12, 14, 16 hour weeks, just got to keep going, and going, and going.

The problem is for those people that do that, first of all there’s no fun and secondly is, how on earth do you fit something new in like trading around that?

Fit your trading around your current situation

So for me it’s almost flip it the other way around. You’ve got to make the trading fit in around what you’re currently doing, especially if you’re not trading full time to start with. So for me personally, I think that less is more. I’ve always thought in terms of trading less is more. The less you interfere with the trade, the better you do. The less time you’re staring at your screen and your charts the better you do. And that has just been a proven case.

My trading day

So to give you an idea of how I structure my day, and bear in mind I’m in New Zealand, which is on a completely different time zone to most other countries around the world, is that you need to sort of base yourself on the New York time as well. So wherever you live in the world make that kind of adjustment. So for me, I wake up about six o’clock in the morning, kids are off to school by about quarter past seven and from then on I have a quick look at the charts about what’s happened over night my time into the later European session, and the US session. Getting an idea of what’s happened to my open positions, have they made profit or loss, just have a quick scan through the market. And then at around 10:30 my time, which is just before the 11 o’clock change over of the daily charts, I’ll then have a more serious look at what’s happening in the market.

So that is based on the 5:00 PM Eastern Standard Time, New York close of day. So around 4:30 PM Eastern Standard, which for me is the next day at 10:30 AM, I’ll go and look at the charts and I’ll go through because of course I do extra write-ups for my membership site and for the free sites and different places on strength and weakness analysis, so it takes me a little bit longer than normally if I wasn’t writing that. But anyway, I’ll go through, look at the daily charts and we’ll look at what is setting up on the daily chart, specific trades plus strength and weakness for the next 24 hour time period.

Looking at different time frame charts

At the same time though, I can look at 12 hour charts, eight hour charts, six hour charts and four hour charts and it’s really interesting how things change around. We held a webinar just last night in the European session for clients, and there were a huge number of eight hour chart trades that have occurred this week and a little bit into last week. Yet the previous week they were all four hour charts, I think the word that was lots of those but very few sort of eight and 12 hour charts. So it just depends on what’s happening in the market, which is why we really strongly suggest if you can, when you’re looking at the daily charts, look at another couple of timeframes at the same time. They all close at the same time, so why would you not look at them? So we do that.

Looking at the changeover of different time frame charts

And then for me… So it’s 11:00 AM, and then at 3:00 PM if I can, I’ll look at the four hour chart change over from 11 till three, four hours, look then. At 5:00 PM if I can, I’ll look at the six hour changeover. At 7:00 PM I’ll then look at the eight hour changeover and then depending on the day at 11:00 PM I will then look at the one hour, the four hour, six hour, and the 12 hour changeover that’s coming into 5:00 AM Eastern Standard Time. So not all the time do I do that because 11:00 PM it’s starting to get a little bit late, certainly on a Monday I don’t do that and on a Friday I don’t do that, but Tuesday, Wednesday, Thursday, midweek when there’s more likely price action I try to do that.

Live trades on live webinars. Trade hit profit

I know just last night we held a live webinar as mentioned, and that 11:00 PM my time, 5:00 AM New York time, we took trades on the live webinar, we took a sell trade on the 12 hour chart, Pound/Australian Dollar and that hit it’s profit target in 22 minutes, absolutely unbelievable. It doesn’t do that very, very often at all, especially on a 12 hour chart. Have a look on your charts, the Pound/Aussie just completely crashed, dropped away. We also took profit on our breakout strategy which made another one and a half percent this week and that’s a five minute strategy once a week on a Monday. And we also took a sell trade on the daily charts yesterday on the Pound/US which is going quite nicely, not quite got to its profit target but still going well. And I also took a five trade New Zealand/Yen on the six hour charts, that’s now got filled and we’ll know over the next day whether it hits its profit stop or we close it before the weekend.

Trading in 30 minutes a day

So all in all, you could quite easily trade in half an hour or so per day. And although that sounds really good, you got to remember though, the reality is you’ve got to do that work up front and that hard yards up front to get to that stage to have the ability and the eye to be able to know what you’re looking forward to get to that stage. But once you’ve got there half an hour, once a day, absolutely quite easily go through multiple timeframe charts two or three times a day and trade very, very well.

So I hope that helps. That’s a bit of an insight into my daily structure, but don’t forget that I’m doing that consistently. I’m not just one day just doing it and the next day, can’t be bothered. You have to do it consistently. Consistency is key and it will make you a good trader.

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

Click here to Learn more about my course.

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#354: We can help shortcut your learning process

Feb 24, 2020

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We can help shortcut your learning process

In this video:
00:31 – Information overload online
01:11 – 2 live webinars this week for you to attend
01:39 – Paul Tillman will be joining me in New Zealand for the webinars
02:59 – Paul now works with me at TFTC
03:24 – Webinars to help you with your biggest trading problem
04:54 – 2 trades taken live on client’s webinar – both hit their profit target

Let us help shortcut your learning process and make your trading profitable, very quickly. Let’s talk about that and more right now.

Hey traders, Andrew Mitchem here at the Forex Trading Coach and welcome to video and podcast number 354.

So in this video and podcast I’ve got some very, very exciting information to share with you.

Information overload online

You see, when you look at it online, there are thousands of Forex experts. There’s lots of information, information overload, analysis paralysis, call it what you like. There’s just so much out there. The problem is in reality most of it’s not good. And what we want to do for you is to help kickstart your trading into gear. Basically get it moving, making it profitable and making it doing that without much stress on your behalf with little time used up and making it practical, making it real, making it profitable and consistent with low risk. All those things that as a trader you should be looking for.

2 live webinars this week for you to attend

So we’re going to be holding a couple of webinars this week and by the time you watch this video you’ll be, it’ll be this week. Friday right now as I’m recording this, you will see this on Monday, so the webinars will be on Wednesday and Thursday. There are two of them. There’ll be a link on this page where you can choose which one that best suits you. You’re welcome to attend both if you wish to. They are going to be live, but an extra special twist is this.

Paul Tillman will be joining me in New Zealand for the webinars

So I’m going to be joined right here at my desk in my office at home here in Nelson, in New Zealand, by Paul Tillman. Now if you don’t know Paul, he works with me here at the Forex Trading Coach and Paul is based in North Carolina over in the U.S.

And Paul started trading Forex 14 years ago. He went through everything that most people have been through. He’s been through the online stuff. He’s been through the physical courses. He’s wasted money, frustration. Courses weren’t delivered properly, promises broken, all that type of thing. And then in 2015 he gave it one last shot. I was actually in India of all places at the time. And I wrote back to Paul from my hotel room in India to say, “Hey look, I’m on holiday in India, but this is what I can help you with right now. And when I get back next week I’ll send you some more information.” And so as a result of that, back in 2015 Paul decided to join our course. And over the next few months he really got into the course. He understood it. It clicked with him. It worked. And he was attending live European session webinars, getting up early hours in the morning for him over in the U.S. But then over time he was developing into a really, really good trader, lots of good results, consistency, reliability, all those types of things.

Paul now works with me at TFTC

And then a couple of years later I decided to offer Paul a position and now he runs my forum site and my U.S. webinars and we trade together. So we have a fantastic relationship. Now when you get this video on podcast on Monday, Paul will be with me right here. He’s on his way to New Zealand and with his wife and two children for them to spend about 10 days here with me and I can show him around the sights.

Webinars to help you with your biggest trading problem

But as part of his trip here, we’re going to be holding a couple of webinars where we are going to be helping you to identify your biggest single trading problem. What’s holding you back the most from being a good trader, whether you’re brand new or whether you’ve been doing it or trying to do it for years and years. So we want to help you with good, real practical advice.

And I think it’s going to be really beneficial for you to not only listen to myself with suggestions, but also especially actually from Paul because he’s been in the position that you’re probably in right now. And I’ve helped him turn his trading around and how things have just changed massively in his life as a result of what he decided to do five years ago, which was to join us. So we’re not going to be doing any selling on this session. There’s no special discounted links. There’s no giveaway prizes. None of that. It’s just going to be real honest, true above board realistic suggestions and advice from two traders living on opposite sides of the world to each other, both doing the same thing and both doing it well.

So if that’s what you’d like to find out more about. I really encourage you to try and get on one of those sessions live. On the form that you’ll see where you enter your name and email address, etc., select the date that suits you, but also tell us what your biggest trading problem is so we can address that live in person for you on that session.

2 trades taken live on client’s webinar – both hit their profit target

Now, talking of webinars, last night I held a webinar with my clients like we do every week. I took two trades live in front of my clients, both on the one hour charts. One was a sell trade on the Pound / Franc. One was a sell trade on the Australian / Franc. One made a a 1.5 to one trade. One was, the other one was a 1.4 to one. And also the daily trade that I put on for clients to follow yesterday on the daily charts on Thursday was based off a buy trade on the Euro / British Pound that also hit full profit for three to one on the position that got filled. So just three trades there in one day for clients to follow, made them a magnificent amount of money.

So if you’d like to know more, I really encourage you to jump onto one of those free webinars where we’ll be talking about helping you with your trading issues and problems. They’re going to be fantastic.

First time ever that Paul’s been here to New Zealand so really looking forward to the event and we’d love to see you there. Bye for now.

Click here to Register for an Upcoming Live Webinar

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#353: Don’t try to become an overnight Forex millionaire

Feb 17, 2020

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Don’t try to become an overnight Forex millionaire

In this video:
00:25 – 2 parts to this week’s video
00:49 – People think they are going to become an overnight millionaire
02:00 – Too many assumptions
02:42 – Trade like a builder
04:25 – I’m holding 2 live webinars in person with Paul Tillman
05:25 – Register your interest for one of the webinars

Don’t try to become an overnight Forex millionaire. It’s not going to happen. Let’s talk about that and more right now.

Hey, Forex traders, it’s Andrew Mitchem here, the owner of the Forex Trading Coach with video and podcast number 353.

2 parts to this week’s video

Two parts to this video and podcast this week. The first is all about the subject title about making sure that you try not to become an overnight millionaire. The second part is all about two very exciting webinars that I’m going to be holding shortly and I’d like to invite you to attend one or both of those. More about that soon. So let’s go back to the first part.

People think they are going to become an overnight millionaire

A big misconception with people getting into the Forex market is they think they’re going to become overnight millionaires. It is not going to happen. I can promise you that. It will not happen. The downside is, is that when you look online, you see flashy cars and people on beaches, all that type of thing. You’ve seen it everywhere and people get into trading thinking that their results are going to be instantly amazing. And look, I did it myself years ago. I used to go for walks, taking my kids in the pram or the stroller for a walk, just thinking in my head about compounding and multiplying figures and how much I was going to make.

But at that stage I was only on a smaller, like I think a $10,000 live account. But in my head, I was multiplying up this and if I take this crossing over that line and I’m going to make all this money and by the end of the month I’ll have this. You see the problem is that people think they’re going to become massively successful through trading, yet they’ve not even taken a handful of really good successful trades yet.

Too many assumptions

The other problem with that is you’re assuming a straight line. You’re assuming you’re always going to be profitable and most people when they make the assumptions like that, and they’re assuming they’re not taking any money out for living purposes, and also they’re assuming that they are risking far too much. Whereas in reality, you should be risking far less than most people place there on their trades.

The problem is that people with that emotion, when they don’t see that happening in real time, is they get despondent, blame the system, blame the market, blame the broker and you know, give up. You get the picture.

Trade like a builder

So think of it this way. Look at say like being a builder. If you start and you’ve got no building knowledge whatsoever but you want to become a builder, whether you’re young kid leaving school or whatever age you might be, I want to become a builder. So what do you have to do?

Well everybody has to start at the beginning. You may have to do some form of course qualification, a practical course, written course, and then you start as an apprentice. You start with the hammer and the nails and you’re making the teas and the coffees and you’re doing all that basic groundwork to understand the basics of what it is that goes on with on a building site. Then you build up and you might get more responsibility and you start looking at plans and understanding things and making orders for different parts and cutting and joining and working with other industries, like the plumbers, electricians, the concrete guys, all that type of thing, the roofers. It just goes on from there.

Then over time you become like the lead builder, the head man, the foreman calling him what you want. Then eventually you might have your own building company and then start having people staff underneath it. But you get the picture of the layering up.

Now the reality is that if you want to become a good trader, you have to do that. You have to do that ground work, that basics. It’s a harsh but true reality of it because it’s like anything, you have to do that homework and wanting to become or thinking that you’re going to become an overnight instant millionaire from your trading, it’s a ridiculous concept when you think about it, but unfortunately that’s how I did and that’s how most other people think of their trading.

I’m holding 2 live webinars in person with Paul Tillman

So part two of the video and podcast to help you with that. I’m really excited because I’m sure you’re aware that I worked with a few people around the world. Now one of those is called Paul Tillman. Now Paul lives in North Carolina over in America. Now next week, Paul and his family are coming to visit. They’re coming to stay with me here in Nelson for a couple of weeks. We are really excited to have them here. I’ve been to America and done some training with Paul in North Carolina and Washington a couple of years ago. However Paul is coming here purely for a holiday vacation but we’re going to be doing a little bit of trading, you know while I’m showing him around taking him for fly, all those types of things.

Now as part of that, Paul has kindly offered his time and what we are going to be doing is holding two live, one hour webinars, free of charge, no selling whatsoever. Just 100% good solid trading information to help you.

Register your interest for one of the webinars

So what I’ve done is I’ve put together a webpage where you can register for either one or both of those webinars and on that, what I’m asking you to do is type in on that form where you register, your single biggest Forex trading issue or your biggest problem.

What do you most need help with? Because what we want to do is make these two webinars absolute dynamite. We want to make them amazingly full of fantastic, realistic, practical content. You know, I’ve been trading for 16 years. Paul has been trading for 14 years. Take advantage of 30 years of Forex trading knowledge and information of trading and teaching that we can impart to you.

Support is going to be right here. We’re going to be on the screens behind me here. The two of us live together in-person here in Nelson, in New Zealand, talking to you on two live webinars. Take advantage of them. Type in your question. Pick one or both of those webinars, whichever you’d like to get to. One’s going to be in my evening, ones in my morning, so a covering like our bases, wherever you live. If you live in Europe, you’re going to have a morning and evening session. If you live in America, probably an afternoon and a morning session. Wherever you live, the time zones, the countdown clock to will beyond there. Ask us your single biggest or let us help you with your single biggest Forex trading issue because these will be complete.

Like I said, absolute dynamite gold content, no selling whatsoever. There’s no at the end of the webinar, here’s a discounted link. None of that. Purely Forex information. The links will be on this page below this video somewhere. Take advantage of it.

So part one, don’t expect your trading to suddenly become, make you an overnight millionaire.

Part two, we’re here to help with the practical webinars. See you this time next week. Bye for now.

Click here to Register for an Upcoming Live Webinar

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#352: How Trading with the Trend will help your Results

Feb 10, 2020

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How Trading with the Trend will help your Results

In this video:
00:27 – The trend is your friend
01:02 – Looking at the bigger picture
02:15 – Eliminating pairs to trade
03:17 – Helps you to focus on the best likely pairs
03:58 – Looking for continuation patterns
04:27 – Link to the Forex Course

Why trading with the trend can really help improve your trading results. 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 352.

The trend is your friend

Now, you’ve probably heard people say, “Trade with the trend,” or, “The trend is your friend. Stay away from range-bound markets,” all those kinds of things. The problem is, is how do you actually do that. How do you know that the market’s trending? And do you only know it’s trending when it’s too late and it’s already done that trend, and time you jump in, the market’s then going flat again? So there’s a lot of problems there about practically trading something that, in theory, sounds really, really simple and common sense to do. So I’ll explain what we do regarding that to help us profit from the market.

Looking at the bigger picture

So we teach our clients how to look at the bigger picture of how to look at the weekly charts. Now, each week on the membership site, and we’ve done this for years, we publish the currency pairs, the Forex pairs that are likely to be bullish through that week and the currency pairs that are likely to be bearish, or heading down for that week. Now, it does a number of really good and important things on a practical basis. One, it allows us and our clients to see where the likely bigger picture is for that pair for that week. And so when you’re trading on shorter time frame charts of daily charts or sort of smaller again, 12-hour charts or even four-hour charts, one-hour charts, it helps you to look for currency trade setups on that pair that are likely to be in the direction of that bigger picture, that weekly direction.

And what that does is it gives you the ability to trade a pair that is likely to move and in the same direction. So it stands to reason that you add more and more probabilities together with your trade, and of course you still want the good setup, first of all. You’re putting all those things together and you’re giving yourself more and more chance and probability of that being a good trade.

Eliminating pairs to trade

The second thing that it does is it eliminates a whole group of currency pairs for that week, because if we’re looking at pairs that are likely to show indecision or not moving very much, or they’re two strong currencies or two weak currencies, therefore we don’t know which way it’s likely to be moving for that week. What it does is it allows you to focus less on those currencies, or not at all for that particular week. So it actually really focuses your trading to a select group of currencies for that week and it helps you to stay away from those trades or those currencies that are likely to be range-bound or not move much in any particular direction.

So it has a double, like a two-fold benefit to your trading. One focus on which currencies are likely to be moving and in their direction; number two, these currencies are not likely to be moving much, so let’s stay from them or let’s not take a trade on them unless we see an exceptionally good setup. So double benefits for you there.

Helps you to focus on the best likely pairs

And it helps you to focus, it helps you to really narrow down and fine tune your trading. Because don’t forget that trading, after all, is about probability. Nothing is absolute. Just because we say the Euro/US dollar, for example, is going to be bullish this week, nothing to say that’s going to happen. It’s to say that this is what we’re seeing and why, and if we then see bullish setups on other timeframes, shorter timeframe charts on that pair for that week, the likelihood is probability suggests that they are going to be stronger setups because they are trading with that main direction. And so what that does, it allows us to have lower risk, higher reward to risk, higher probability trades.

Looking for continuation patterns

Now we have a great technique also for looking for continuation patterns. We also look at reversal patterns, although reversal patterns tend to be a little bit more slightly higher risk. Look really cool and very dramatic on your charts, but continuation patterns. If you can get a continuation pattern on a shorter timeframe chart that’s in the direction, or maybe, say, the weekly and the daily, and you’re trading, let’s say, a four-hour chart, absolutely magic. That is exactly what you’re looking for.

Link to the Forex Course

So I hope that helps. And I will put a link below this video on this page to the five star Forex coaching course that we offer. As I said, not only do we publish our information, but more importantly, we teach you how to do this for yourself.

So hope it helps. Once again, this is Andrew Mitchem here at the Forex Trading Coach. I’ll see you this time next week for more trading tips and … I can’t say that word … and the information. I’ll see you then. Bye.

Find out more about our 5 star rated Forex Coaching Course

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#351: It’s Your Trading Results that Count

Feb 3, 2020

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It’s Your Trading Results that Count

In this video:
00:23 – We trade to achieve results
01:22 – Why do so few make money from trading
02:02 – We have a very high percentage of successful traders at TFTC
02:54 – 2 recent clients results
05:00 – How you can also achieve results like this

As a trader, it’s the results that really count. Let’s talk about that and more right now.

Hey traders, Andrew Mitchem here at the Forex Trading Coach with video and podcast number 351.

We trade to achieve results

So, why do we trade? Well, ultimately we’re all after results, aren’t we? That’s why we do it. That’s why you learn something. That’s why we’re learning how to trade. It’s why we’re taking trades. We’re sitting at the computer. We are educating ourselves, all for the end goal of making money and being able to trade and to get results. And that’s really what counts. Unfortunately for most people, they don’t get to achieve the results that they want. And the vast majority of people, if you believe the stats out there, lose money when they trade Forex. There’s a whole group of people that might make a little bit, or lose a little bit, and get basically going round in circles, getting nowhere. And then there’s the few, the elite people who, and I mean the elite, as in just a very small number. Not elite as in particularly any fantastic as a person better, but just the ability to trade well. And a very small percentage get to that level.

Why do so few make money from trading

And why is that? Well, there’s a lot of reasons. A lot of people, it’s lacking of a strategy and an understanding, and lacking an understanding of risk. Because when you mention someone’s percentage return, or if you want to measure in pips, which I suggest you don’t do, but whether you’re mentioning pips or percentage return, a lot of people get too carried away. And there’s far too many people out there looking at making stupid amounts of gain, or they think they’re going to, or they think they should, but they never understand the risk involved to get there. And it’s really important that you understand that.

We have a very high percentage of successful traders at TFTC

So, here at the Forex Trading Coach, we are very fortunate because we have an incredibly high percentage of successful traders. And it’s not hard to see why. First of all, we’ve got the strategy that works, and the low risk, and the high reward to risk, and the good people teaching, and helping out, and consistency, all those things.

But with our daily trades, you can’t fail to make money because, at the very least, if you just copied what we do every day, you’re going to make money anyway. But on top of that, we’re not just about a copying service, we’re about teaching people to better themselves, teaching people to learn how to trade, a really straightforward, low time consuming, low risk, easy to trade system and strategy. And we’re about teaching people and educating people to do that for themselves as independent traders.

2 recent clients results

Now, I had just yesterday, two people wrote to me. One is called Brian, he lives up in Auckland here in New Zealand. And Brian said to me, Andrew I’ve made in the first month since I’ve been with you, 13.25% trading the daily charts, the 12 hours, and the six hours, and a few four hour charts. 13.25% in his first month.

And Brian said that he’s relatively new to trading, and he’s absolutely ecstatic with those results. And the great thing is being a new trader, he’s come in and look at the system from no knowledge at all. Learned what we’ve got, how we’re doing it, applying it, it’s working. No surprises really there. But it’s great to see it happen in reality. And also received just yesterday, an email from Michael over in Dublin in Ireland. And Michael has been with us for about 13 months. And Michael said, with your system Andrew, I’m averaging over 4% return per month, live trading. Now, as I mentioned earlier, some people will look at that and go, 4%, is that all? How am I going to make money on that? But you think about it this way. Michael, in over 13 months has made 4% average per month. So that’s well over 50%. It’s 48% in a year, by the time you add compounding and things like that, that would be pretty much 50% return in one year.

So, if you’re the sort of person that thinks that rubbish and 50% you should be making that in a week or a month, then you probably are not the right fit for us. But also, you’ve got got to be really careful with the risk that you are assuming you’ll be taking there. You see, with the risk Michael’s taking, it’s around half of 1% per trade. Sometimes it was a quarter, sometimes it’s half of 1%. Very, very low risk trading approach to make steady consistent gains. And that’s what real trading is all about.

How you can also achieve results like this

And if you’d like to know more, what I suggest you to do is have a look on the link that I’ll put on this page next to this video somewhere, all about how we can help you with our proven five star rated Forex Coaching Course. We’ve been running this for nearly 11 years, got traders all around the world, 58 countries at the last count. And it’s consistency, and it’s quality of trading that really makes the difference. So ultimately, like I said at the beginning, it’s the results that counts, and really that’s what we’re doing this for, isn’t it?

So if you’d like to know more, click on one of the links that I’ll put on this page, and we’re here to help you. Thanks again. This is Andrew Mitchem, the Forex Trading Coach. I’ll see you this time next week for more trading tips and information. Bye for now.

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#350: What Makes Us Different at TFTC?

Jan 27, 2020

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What Makes Us Different at TFTC?

In this video:
00:29 – So you want to become a Forex trader
01:00 – New or Frustrated Trader
02:16 – We address the real issues
03:03 – Trade in a few minutes a day
03:45 – Trade off the close of a candle
04:28 – The opportunity to follow us
05:45 – Trades posted on our Forum site and on our Live Webinars
07:00 – Trading software, Support and the Strategy
07:18 – Free Trading Information for you

What makes us different here at the Forex Trading Coach? Let’s talk about that and more right now.

Hey, traders. It’s Andrew Mitchem here, the owner of the Forex Trading Coach. This is video and podcast number 350, and I want to talk about us here at the Forex Trading Coach, how we can help you.

So you want to become a Forex trader

But what makes us different? So you want to become a forex trader. Now, you can go online. You can probably look locally around you, and you will find there are courses, there are coaches, there are systems, there are strategies, there are robots, there are books, there are… Everything to do with forex trading is online.

The problem is, from your point of view, is how do you know which is good and which is not good, what works, what doesn’t work?

New or Frustrated Trader

You see, as a forex trader, you’re going to be in one or two different situations. If you’re new, you’re looking online and it probably all looks quite exciting right now, but also, it will start to lead to confusion because where do you go? How do you know what’s good or what isn’t good? Because, to start with, it all looks kind of good because it’s all new, and you kind of believe everything that’s out there.

If you’re a experienced trader, well, you’re into that frustration time. You’ve been through and you’ve tried different systems, and you bought robots and book courses. You’ve bought strategies. You’ve done coaching sessions. You may even have been physically to somewhere in your area or travelled to do some coaching. But the problem is, although it probably looked okay, it doesn’t work. And now you’re still in that same reoccurring cycle of a bit of hope, pay some money, it doesn’t work, find the next thing, a bit of hope, pay some money, it doesn’t work, and you keep going until you either run out of money, give up, frustrated, someone tells you you’re silly for keeping trying, or you try your own ideas and they still don’t work.

That’s the problem that people have. You’re either new or frustrated, but one or the other is what you’re going to have.

We address the real issues

So here at The Forex Trading Coach (TFTC), we like to think that we’re different because we address the real issues. We realise that you’re busy. We realise that you’ve probably got family, kids, partners, sports, jobs. That thing called a job, most people have got a job. And so the last thing that you want to be doing is sitting hour after hour after hour either trying to understand a strategy or, once you’ve done that, being forced to sit there at certain times of the day, or just waiting for that line to cross over that line so you can take that trade according to that strategy. We realise that that is not good. We realise that’s not practical.

Trade in a few minutes a day

We are real traders. We’re real people, all with families, working from home. Our aim at The Forex Trading Coach (TFTC) is to get you to be able to trade in only a few minutes a day if you want to. So if you wanted to trade just the weekly and daily charts, you should really trade no more than maybe 30, 40 minutes in the entire week. And you know exactly when to do that. We have traders here at Forex Trading Coach who just trade 10 minutes just once a week on weekly charts, and that’s it.

You can trade any time frame that you want. And the beauty of the system is it works on all pairs or time frames.

Trade off the close of a candle

But because we are looking at close of a candle, if you’re looking at a close of a daily chart, you know when to go and look at your charts. If you’re looking at a close of a four-hour chart, you know when to go and look at your chart. So, practically, we’re realistic about things. We’re realistic about results. We’re realistic about the expectations as well. So no one becomes disappointed because we’re not out there making claims of making 100% returns in a week or a month. We’re not doing that.

We’re all about real trading. We’re about low risk per trade. We’re about high-reward to risk trades, and we’re about knowing when to trade and what to look for but without taking all of your day to do it. So that’s one part of the equation.

The opportunity to follow us

The other part is, when you’re learning something, there’s nothing better than following someone. And that’s exactly what we offer. We offer our daily trading suggestions. So once a day, you can log in to our membership site on the close of the daily chart and you’ll look at the trades that we’re taking, the specific trades. You look at your charts, see why we’re taking the trades because we explain that. See where our entry and exits are. Again, we explain all those reasons why.

So, over time, you get to understand how that all works, and you can do that by yourself. But while you’re learning, and even ongoing, you can follow along with our trades. Now, don’t forget… You’ve probably heard me say this before, but every single year since I started posting daily trades in 2010, every single year, we have been profitable. So if you did nothing else and just followed once a day, it’s going to take you five minutes to log in, view the trades, and take them on your chats. Five minutes once a day every year has been profitable.

So that’s earning while you’re learning philosophy. Of course, we want you to then go and be able to take that for yourself and learn that for yourself and understand how to take the trades, what to look for. But the earn while you learn, the following along with real traders, is what also helps add to that,

Trades posted on our Forum site and on our Live Webinars

Ourselves and other clients are posting trades on our forum’s site every day. We’re posting trades on different time frame charts on our forum’s site for you to go and view, follow along, see the screenshots, and on top of that, we have our live weekly webinars.

They all get recorded if you cannot attend them live, but you can follow along on those webinars and there is nothing better because don’t forget, on a live webinar, we’ve got no idea what’s happening out there in the market. We’ve got no idea what will happen in the next two hours while we’re on a live webinar. So by hearing us discussing trades, by hearing us and listening to us, interacting with us of the actual process that we go through to go, “This trade’s not bad, but I’m not taking it because of reasons A, B, and C,” or, “This trade here, I’m loving this trade because it’s got this, this, this, this, this, all the things we’re looking for. Yes, I’m prepared to take this trade. This is my risk. These are my entry and exit levels. Here’s the trade. I’m taking the trade. You can watch me take the trade right now.”

By understanding our thought process of how we evaluate different trades, that is invaluable information to help you progress as a trader.

Trading software, Support and the Strategy

So you put all of that together, and of course, we’ve not even mentioned the MT4 and MT5 software, have not even mentioned the actual support that you get. The strategy itself, don’t forget how important that is. But it’s the backup and the information that comes with it that really, really makes the difference.

Free Trading Information for you

If you’d like to know more, I’ve got a lot-size calculator, a risk calculator, available on my site. I’ll put links next to this video or below this video. I’ve got my e-books. You can find out my story from dairy farmer through to forex trader. I hold webinars each week for new traders and webinars each week for the more experienced, frustrated traders. I’ll put links somewhere below this video and on this post. So you can choose any of those that you’d like to take advantage of gaining.

The calculator’s amazing to help you keep your risk controlled and low per trade. The e-books really interested if you’re interested in going through the story of of how you can go and copy what I’ve done, go from your job today through to a full-time trader. The webinars are great information and learning tools.

So, once again, this is Andrew Mitchem at the Forex Trading Coach. I’ll see you this time next week with more trading tips and information. Bye for now.

Free Forex eBook click here!

Free Forex Tool “The Lot Size Calculator” click here!

Free Training Webinar for New Traders or Less than 6 months

Free Training Webinar for Experienced Traders or More than 6

Click Here to Learn More how we can help you!

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#349: Removing the Confusion from Your Trading

Jan 20, 2020

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Removing the Confusion from Your Trading

In this video:

00:26 – Trading Confusion and how to overcome it

00:55 – Confusion to Clarity

02:00 – Knowing what to look for

02:50 – Feedback from new clients

03:59 – Pick the charts and time frames that suit you

I’m going to try and help you remove the confusion from your trading. Let’s talk about that and more right now.

Hi, traders. It’s Andrew Mitchem here at The Forex Trading Coach with video and podcast number 349.

Trading Confusion and how to overcome it

Now, I want to talk about trading confusion, and I believe it’s very, very common and I know that because when someone joins our course, I send them an email and find out all about their trading history, so we know how to best help them. And then after a week, I ask them how they’re going with the course and what they’re liking, what they’re finding difficult, and then the same after a few weeks, same after a month, six months, et cetera. So, we get some really good feedback from people about what stage of their trading career and the stage of their journey that they’re at.

Confusion to Clarity

But what I find is that confusion is a big part of what people have before they come to us. And after they join us, clarity and an understanding of the market is a big part of what they gain out of joining the course and a well-proven strategy.

So, I want to expand on that because the confusion is a big problem. You need to understand when are you trading? When are you looking at your charts? At the close of a candle is a very easy thing to do. You probably just heard my charts just alert behind me here. It is now 11 o’clock here Friday morning, so it’s 5:00PM Thursday New York time. So, as soon as I finish this video, I’m going to be looking at the daily charts. In fact, I’ve already had a quick look to see what’s happening, and posting for our clients’ specific trades based on the daily charts. I know that right now I need to look at the daily charts because the candle on the daily candle was closed.

At the same time I can look at the one hour, the four hour, the six hour, the eight hour and the 12 hour charts all at the same time. And so I have clarity of when to trade.

Knowing what to look for

I then have clarity because I know what I’m looking for. Now a little bit like riding a bicycle. Once you can do it, you can do it and you can always do it and you can get back on the bike and you know what to do. But when you’re starting, there’s a lot of confusion going on and it’s very, very difficult because you’ve got to pedal and steer and look out for cars and other bikes, et cetera, and it’s quite difficult to put it all together. But once someone’s showing you how to do it and once you’ve mastered it, it becomes relatively easy.

And trading’s not too dissimilar in that once you have clarity and understanding of what you’re looking for, what pattern you’re looking for, what the set up looks like, knowing which currency pairs you’re favouring, which timeframe charts you’re favouring, all those type of things, it becomes a lot easier. And just wanted to a pick up on that.

Feedback from new clients

Had some feedback forms here from clients. Just wanted to read a few from people who had joined us recently. Feedback from Sarah who said, I learned more in the last week since I’ve joined in the past six months of trying to trade by myself. There’s another one here from Kenneth. Loved the live trading rooms. They’re fantastic. I love the examples and really helps cement how to use the system. I love the emphasis on risk management.

Another one here from Derek who said, I think the content is really well covered. Love how your indicators tie into your method and the indicators incorporate into your trading strategy. Another one here from Peter. The templates are connected to help me understand which timeframes I’m looking at and the use of your technical analysis is really impressive. One here from Tully. I like that I can genuinely feel that you’ve put a lot of effort into the course yourself. I especially like the sequencing of how you teach effects. The parts I liked the most, I feel you’re a genuine, therefore I’m open to learning and really enjoying the course.

So, just some clarity there. So for you, what can you do?

Pick the charts and time frames that suit you

Well, pick the timeframe charts that suit you and find out what works for you. What type of trader are you? Do you like to look multiple times a day at charts? Do you like to sit and look at charts for hours upon end or do you just want to trade maybe just sort of five to 10 minutes once a day? Understand what works for you. Get that clarity about the system you’re looking for, reversal trades, continuation trades. Do you want to look at news trading? Personally I don’t but do you want to? It’s what suits you.

Get that understanding. Get to understand where your stop loss is going to go, where your profit and target’s going to go, are you entering at the market, are you entering at a retracement level? Are you entering a breakout level? What is it that works for you? Get a clarity of the system, the structure, the timeframes, the risk management that works for you. Do all of that and you’ll remove most of the confusion from your trading.

I better go and get these daily trades sorted out as we’ve just turned over 5:00PM Eastern standard time and look forward to helping you with more trading news and information this time next week. Bye for now.

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#348: Making 2020 a Fantastic Trading Year for You

Jan 12, 2020

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Making 2020 a Fantastic Trading Year for You

In this video:
00:35 – What can you learn from your trading in 2019?
01:10 – We start trading on 13th January and have our trading plan ready
01:27 – Daily trades made +23.87% gain in 2019
02:17 – We know what works and what doesn’t work
03:02 – We promote low chart watching times
04:00 – Daily trades have been profitable every year since 2010
04:23 – Split payment options for you – Our 3 Day Sale this week
05:13 – A performance based guarantee
06:16 – Register your interest for the sale

What are you going to do to ensure that 2020 becomes a fantastic year for you as a Forex trader? Let’s talk about that and more right now.

Hey traders, it’s Andrew Mitchem here at the Forex Trading Coach with video and podcast number 348. And happy new year to you.

This is the first video and podcast into 2020. I hope you had a fantastic Christmas and also just a great new year.

What can you learn from your trading in 2019?

Now, moving into trading, what is it that you did in 2019 that you kind of regret? What is it that you did that was good? Have you taken some time to analyse your performance of last year? Have you taken time to go through the charts, look at the setups that you took, ones that worked, ones that didn’t work, and basically go through and create yourself a plan so that this year, 2020 is going to become a great year for you?

We start trading on 13th January and have our trading plan ready

Now, of course, nobody knows what the market’s going to do as we head into this new year, but we’re starting trading next week on the 13th of January, which would be the day that you get this video on podcast. That’s our first day of our daily trades. Now, we all have a plan of what we’re doing heading into the next trading year.

Daily trades made +23.87% gain in 2019

We’ve analysed what we’ve done last year, and by the way, our daily trades that we post for our members made 23.87% for 2019 by risking just half of 1% per trade. So very, very low risk. Our biggest month I think was about a 1.6, or 1.8 I think it was, percent losing month. So very, very low draw down, high consistent returns. Just one timeframe I’m talking about there. Of course, we trade different time frames as well. We post on our membership site about the monthly and the weekly timeframes and on our forum site, on our forum site that we publish trades.

So do other clients of different timeframe charts, trades that we’re looking at. And on our live webinars, we trade anything from a 15 minute chart through to a 12 hour chart depending on the timeframe that’s showing the right setup at the right time.

We know what works and what doesn’t work

But we have our plan, we have our trade setups in mind, we know what we’re looking for, we know what works, we know what doesn’t work. We know about reversal trades, they look really good on the charts, but we also know that continuation trades look not quite so dramatic on your charts, but they have such a high probability chance of being profitable. So I personally much prefer continuation trades because it means I’m trading with the main trend, but after a pullback. And so, for me, I’d always put a higher emphasis on a continuation trade than I would on a reversal trade.

But it’s having things like that in mind. When are you going to trade? What days of the week? What times are you trading? We only trade on the close of a candle.

We promote low chart watching times

And I think that’s really important because, for me, we advocate and we promote living. Look at the view me, if you’re watching the video. We’re out here trying to do things outside, trading 30 minutes once a day, and that’s it. You do not need to sit at your charts watching five minute charts moving up and down all day. You can, if you really, really want to, but I can promise you that you’re not going to be doing that in a year’s time because you’re going to be burned out. Trading and good trading is about having consistency. It’s about understanding what you’re doing. It’s about having low risk and it’s trading on the close of a candle, knowing what you’re looking for, and being able to do this all the time.

Day after day, week after week, month after month, and for us now, year after year. I’ve been trading for 16 years now full time and teaching for almost 11 this coming May. And we’re still doing it and we’re still loving it because we trade well. We are profitable.

Daily trades have been profitable every year since 2010

By the way, our daily trades have been profitable every year since 2010 when I started posting them on our membership site. Every single year without fail we have made money for our clients just copying the daily trades. And, of course, it’s the earn while you learn type of theory going on there as well. So it’s what are you going to do to make 2020 the year that works for you?

Split payment options for you – Our 3 Day Sale this week

If you’d like to join us, over Christmas and new year, I’ve had a lot of emails saying, “Andrew, look, love what you’re doing but can you do some split payments?” Because normally our course is just a one-off fee.

And so what I’m going to be doing between the 15th and the 18th of January, so the week that you get this video, for three days only, we’re going to be offering you three great ways of joining us here at the Forex trading Coach and to take advantage of right now at the beginning of the year and having the full year to trade with us and beyond. What better way for you to start trading? Three excellent ways to join. Two of them will be split payment options. So for those of you that have been asking me about, can we split payments and pay in monthly installments or quarterly installments? This is exactly what you need.

A performance based guarantee

The third option, I’m going to be doing something that no one else that I know of offers in the Forex market and that is we’re going to be giving you a performance based guarantee.

So if our daily trades don’t make a 20% return for you over the next 12 months or more, then we’re going to give you a full money back, no questions, money-back guarantee. The full course fee paid back to you. So that’s the third option there on our three-day sale that’s starting next week, 15th to the 18th of January. No one else does that, that I know of. So we’re basically putting our money where our mouth is. Basically, we’re saying, “Look, we will make a 20% return with a higher percent risk per trade on our daily trades over the next 12 months or more. And if we don’t, we’re going to refund you the entire course fee. No questions asked.” You get to keep all the software, the knowledge, and everything, but also you get the course back. So we try to be fair, which we’re real traders, we’re doing everything we can to help you.

Register your interest for the sale

So if you’d like to take advantage of that, what I suggest you do is you’ll find somewhere on this page a link to register your interest for the sale. Like I said, it’s going to last for three days and that’s it. Once it’s over, it’s over, and then the course is back to the normal one off payment. So that’s it for the course. That’s it for the video.

Make 2020 a great trading year for you, not just an average one, but a great trading year for you. If you need our help with that, if you’d like our help, if you’d like to be part of the amazing team and amazing group of traders that we have from all around the world, you know where to find us, you know what to do.

Thanks again and hope to see you on the membership site really shortly. Bye for now.

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#347: Becoming a Better Trader in 2020

Dec 16, 2019

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Becoming a Better Trader in 2020

In this video:
00:25 – 2019 has been an excellent year
01:01 – We post our daily trades every day of the trading year
01:50 – Other trades posted on our forum site and taken on our webinars
02:10 – How you can learn to take these trades by yourself
03:16 – Now living in Nelson
03:40 – What can you learn from your 2019 trading year?
04:22 – We aim to create good Forex traders
04:54 – Use the next few weeks wisely to help better yourself
05:27 – We wish you a fantastic Christmas and happy New Year

What can you take from your trading year to help you become an even better trader next year? Let’s talk about that and more right now.

Hey traders, Andrew Mitchem here at the Forex Trading Coach with the last video and podcast for 2019.

2019 has been an excellent year

Now we’ve had a really good year, both personally and through the Forex Trading Coach and of course through our many thousands of clients dotted throughout the entire world. Had a fantastic year.

The last few months have been a little bit tougher, but with trading you’ve got to take the bigger picture. Always look at that. Don’t worry about the last two or three trades. Always look at the bigger picture. And so this video is about what we’ve done and also what have you done, and what can you either get help with or what can you learn in order to make 2020 a really great year for you trading wise.

We post our daily trades every day of the trading year

So here at the Forex Trading Coach, every single day of the trading year without fail, we have posted our daily trades on our membership site. We’ve done that for years, but this year was no exception. Every single day around 5:30 New York time; PM when the daily charts close, we post our daily analysis. Now, if you did nothing else than just copied our daily trades this year with only half of 1% risk per trade, like very, very minimal risk, all the stop losses, all profit targets, you’d be up around 24% so far.

We’ve got another week to go, end of today and all of next week, but we’re around 24% right now, which when you consider that’s purely one time frame, very low risk trading. That is very, very good.

Other trades posted on our forum site and taken on our webinars

Now on top of that, of course we post trades on the monthly charts, the weekly charts and on our breakout strategy that we have and all our forum site, we post trades all the time as do other clients. And our live weekly webinars, we’re always taking trades on those. But just the daily timeframe, 24% for the year to date, pretty outstanding.

How you can learn to take these trades by yourself

And so it’s what you’re learning from that is not only the gain of that monetary gain, it’s what you’re learning education-wise of how to take these trades.

Why to take these trades, what trades to take, what to learn from them, where to put your profits and stops, all that type of thing. So really good. On the Forex Trading Coach website itself, free information has been posted free to everybody every single day as well. Strength and weakness analysis where we’re looking at different currency pairs going strong or weak for that upcoming day every day without fail this year we have posted that analysis as well.

And it’s what we’re about, we’re about consistency about quality, consistency, low risk, high reward to risk. But for you to help you with your trading, that free information that is there and even if you’re not a client, free information is there. Of course clients get more and they get specific trades and to do with the strategy. But for everybody else, there’s free information there. There’s of course our ebook, our calculator, our webinars that we have, which by the way are on demand as well in there. So lots and lots of information to help you.

Now living in Nelson

From a personal point of view. We’ve moved to Nelson in the South Island just last week. So this is my new home, new surroundings here, and very much looking forward to spending the summer, of course it’s summer here around Christmas, new years in New Zealand. So looking at having a really nice break, just a break away from trading for a few weeks just to refresh and be ready to go for next year.

What can you learn from your 2019 trading year?

So what is it that you can do over that Christmas and new year break to improve your trading? What can you take from this year? Maybe things that you did well, maybe things that you didn’t do quite so well. What is it that you can take from that to become a better trader, a more consistent trader going into 2020 and beyond?

Write down a few things that you’re struggling with. Maybe email me some questions. We’re here to help, so just reply to this email or look on the email that comes with this video or just send me an email, andrew@theforextradingcoach.com or get hold of me via my website and the support link on there.

We aim to create good Forex traders

Because we’re about creating good traders. That’s what we want. We don’t want gamblers, we don’t want people who are erratic and emotional. We want good consistent traders. And that’s what we aim to teach to our clients.

But of course if you’re out there just wanting to get some information and a few trading tips and information, just email me. Email me your issues that you have with your trading. And either next year I can make some videos for you or over Christmas and new year, I can just, when I get time, email you back with a few ideas to help you.

Use the next few weeks wisely to help better yourself

It’s really important that you spend this time now where the market’s going to go a little bit quiet and why you’re more likely to have a little bit of time off to to do this.

It’s all well and good that everybody’s sitting in front of a TV watching repeats of films that were made 30 years ago. But isn’t it a better use of your time if you are interested in trading to learn how to better yourself for next year? Great opportunity. Don’t miss this opportunity and also don’t miss the opportunity to take advantage of emailing me for any help that you need.

We wish you a fantastic Christmas and happy New Year

So once again, this is Andrew Mitchem, the Forex Trading Coach. On behalf of all of us here on behalf of Paul, who’s over in the US. Nikolai, who’s over in London, who by the way speaks Russian and helps our Russian clients. Mel, who’s over in the Philippines, have amazing tech support there. So we’ve got the world covered.

On behalf of all of us and all of our families, have a great Christmas, a wonderful New Year and we look forward to seeing you for more trading tips and information, and helping you becoming a great trader in 2020. Bye for now.

Click Here to learn how we can help you!

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