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How Much Do You Want To Be A Good Trader?

In this weekly video:
00:22 – Are you committed to learn how to trade
00:50 – The instant fix and next shiny object
01:35 – You can research for years
02:00 – Freely available software, webinars and information
02:55 – Getting a coach to progress quickly
04:20 – Invest in a good instructor
04:39 – A new review on Forex Peace Army
05:43 – We all have the same amount of time

How much do you really want to be a good Forex Trader? Let’s talk about that and more right now.

Hey traders, it’s Andrew Mitchem here. The Forex Trading Coach video and podcast number 241.

Are you committed to learn how to trade

Today I want to talk about your commitment; how much do you really, really want it. I mean really want it. You see, I get asked all the time from people, “I want to become a good trader, Andrew. I’m going to join your course. I’m going to become one of your best students. I’m going to do this full time.” All these sort of promises that come all the time. I hear it all the time.

The instant fix and next shiny object

The problem is today, the world that we live in, everything is so accessible. You want a song, you download it. You want a movie, you search for it and you download it. Everything is instant. Everybody’s very quick to move on to the next shiny object, the next thing that’s going to be instant. No one is willing to put a bit of time and commitment and effort into something that’s really good.

My question is how much do you really, really and I mean really want to become a good Forex trader? That’s something that you really need to question yourself about seriously if you wish to continue in this market.

You can research for years

You can spend years and years and years doing all this research online following forums and different threads and different ideas and things like that and going alone. You can do that. But you have to think of what’s your time worth if you like doing that? Because the likelihood is you’re not going to get very far very quickly. Then you get the other side of the people like I mentioned at the beginning, people that come to me and say,

Freely available software, webinars and information

“Hey Andrew I’m going to do this and I’m going to commit and I’m going to be fantastic and I’m going to do everything that you say.”

I offer on my site, freely available to people, I offer advice if people email me. I offer free trading software, free calculators, free webinars. Even a free mini course. It’s amazing when I go back and look at the number of people that join those, and I go and say to them a few weeks later or a month or so later, “Hey how’s it going? Do you need anymore help?” And people go, “I’m not trading anymore,” or “I’ve moved on to someone else’s ideas,” or “I’ve got some other software or other robots,” and things like that. Then it becomes, how much do you really want it? I’m giving you all this information here, and it’s great valuable information. It comes down to your commitment.

Getting a coach to progress quickly

I’ll give you an example. This year, I’ve taken up squash. I started around the end of January and we’re now early September. I’m now committed to playing squash; I’m playing about three times a week. I’ve bought the equipment, a nice racket, good shoes. I’ve got myself fitter. It’s helping with my fitness. I’ve joined a club, I’ve got the full membership, I’ve got practice membership. We’re playing different competitions. Things like that. I’m also getting some coaching. Why? Because I’ve reached a level like after the first few months, and I thought to myself if I want to do this properly and enjoy it and get better and better, I can only get so far by myself. I now need to get some coaching from individuals, learn how to hit the ball properly, learn how to move around the court, watch the ball, read the opponent, all those type of things which I need to do to get better at squash. I don’t want to be playing at the same level in two or three years time as I am today; I want to be way, way, way above where I am today. So for me, investing my time into some coaching is the obvious way of doing that. Otherwise I’m just going to stay stagnant. I might get a little bit better, I might lose interest, all those sort of things on the downside if you don’t get dramatically better.

Invest in a good instructor

Forex is exactly the same. That’s just my example away from trading. If you’ve been watching and following me for a number of years, you’ll know I’ve done the same with the helicopter. You put that commitment in and that effort and that investment to get yourself a good teacher or good instructor as I did there. Forex is exactly the same.

It really comes down to your commitment to wanting to become a good trader.

A new review on Forex Peace Army

I’ll give you an example; if you get a chance, have a look on Forex Peace Army. There’s a review there in early September by a client called Tim, who lives in the UK. Have a look on there. As I’m recording, this is the most recent review on Forex Peace Army. It explains it perfectly. Tim said, “I was really cautious, really doubtful, didn’t want to spend money on a course but I knew I had to do something. Finally took the plunge, took the commitment to join,” and now he’s loving it. He’s doing really well. He’s attending all my webinars, he’s committed to the course, he’s loving what he’s doing. It’s working for him. There’s no surprises there. If you put in the effort, if you put in the dedication and you commit to doing something, you will get reward from it if you choose this is the right thing for you. Whether it be squash, flying helicopters, or Forex trading or anything else that you do, if you’re going to make a commitment to trade I really urge you to make a solid commitment. In the end, it’s going to pay off so much in terms of the enjoyment of it.

We all have the same amount of time

People that say, “I don’t have enough time, Andrew.” Well, you can have all the excuses you like under the sun. My watch has 24 hours in one day on it the same as your watch as 24 hours in one day. We all have the same time in a day. We all have the same number of days in the week. It’s what you do with it that counts.

If you need any Forex help, and you’d like me to help you further, drop me an email or contact me. My email address is andrew@theforextradingcoach.com. You can find a contact form on the website. If you do want to commit, have a look at those free webinars, calculator, and course available on my site.

Have a great weekend, think about what I just said. I’m here to help if you want to commit. This is Andrew Mitchem, the Forex Trading Coach. I’ll see you this time next week.

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How Bollinger Bands Help Me Trade

In this weekly video:
00:28 – Selecting profit targets
01:20 – I use Bollinger bands to help me trade
02:04 – Trade when the conditions are favourable
02:40 – Trading reversal patterns
03:54 – Trading Continuation trades
04:29 – Teaching the whole package
04:55 – Sell trade on the EUR/CAD off the middle Bollinger band
05:50 – Look for the Bollinger bands to be widening

We need to give the trade room to move. Let’s talk about that and more right now.

Hi Forex Traders, it’s Andrew Mitchem here with The Forex Trading Coach. Video and Podcast number 240. I want to talk about giving the trade room to move. What does that mean?

Selecting profit targets

Well, a lot of people are very quick to say, “I’m going to place a trade here and I’ve got my stop-loss here.” But a lot of people have difficulty with profit targets. What I like to see is I like to see the ability on the chart as a technical trader for the trade to get to its profit target with the least amount of support or resistance in the way of the trade depending on whether we’re buying or selling. If we’re buying, we want to see as few resistance levels like reasons why the trade’s not going to hit a level and bounce. Why it will get to its profit target. If we’re selling, we want to see as few support levels, like as few areas below where the price is right now where it might bounce. We want to see as few of those as possible. We want to give the trade room to move and allow it to get down to our profit target if we’re selling with as few support areas in the way as possible.

I use Bollinger bands to help me trade

To do that, I like to use support and resistance levels but I also use Bollinger Bands. I’m going to talk about Bollinger Bands and how I use them. Bollinger Bands are quite fascinating if you can use them in the right way. They really do aid your trading. As a technical trader, I look at Bollinger Bands and I’m looking at how they’re moving with the current price. If they’re level, or they’re flat, or they’re coming together the upper or lower Bollinger Band, that tells me that there’s very little price action, or there has been good price action and now it’s over because the bands are getting tighter together or they’re parallel. When that happens, trading conditions are not good right now. It’s not a great time to be trading.

Trade when the conditions are favourable

What you need to do is to be able to trade when the price starts to move; when you get decent, active conditions in the market at the current time and the Bollinger Bands start to widen. What that means is that there is good price action right now. To give you a few examples of how I trade.

As you know, I like either reversal trades or continuation patterns, two quite different patterns. Continuation patterns are probably safer, reversal patterns look really good and really dramatic on your charts but a little bit high risk.

Trading reversal patterns

If I see a reversal pattern, and I’m seeing a bearish reversal pattern, I like to see that at or near the upper Bollinger Band. If I’m seeing a bullish reversal pattern, I like to see that at or near the bottom Bollinger Band. Then what I’m looking at doing is I’m looking … Let’s say we’re taking a buy trade. We’re near the bottom Bollinger Band, I’m seeing a good pattern to go long, a reversal of the previous downtrend. What I’m looking at doing is I’m looking for my profit target to ideally be before we need to break through the middle Bollinger Band. The reason for that is the middle Bollinger Band is also the 20 period moving average, and a lot of people rightly or wrongly use moving averages as support and resistance levels. Because the 20 period moving average is the middle Bollinger Band, so a lot of people using that level.

If we’re taking the buy trade, we don’t want the price to be too close to that middle Bollinger Band, because the likelihood is the price may bounce up to that or head up towards that middle Bollinger Band and then bounce there. Then the overall downtrend may continue again. That’s not great for our buy trade. I like to give the trade room to move and what I mean by that, I like to see a good amount of distance between the bottom Bollinger Band and the middle Bollinger Band. They’re reversal trades.

Trading Continuation trades

For a continuation trade, what I love to do is see an uptrend and then a pullback, and that pullback stalling at and around the middle Bollinger Band. Then I like to take the buy trade heading upwards. Again, I like to make sure that my profit target is out of the trade, I’m out of the trade for full profit before we need to hit the upper Bollinger Band. Because quite often when the price hits the upper Bollinger Band in a buy trade, it will stall there and potentially reverse there.

It’s just another factor of probable stalling area. We just want to make sure that we’re out of the trade before that area.

Teaching the whole package

Of course, things like round numbers and strength and weakness all come into as well and other candle patterns. That’s why I teach the whole package as part of my coaching course. That’s why our traders do so well, because we’re putting the whole thing together. I’m just teaching you here and giving you some clues and some tips and information about one small part, which is the Bollinger Bands, and they are very very important. But so is everything else put together. That’s why you need to jump onto the full course to get that information.

Sell trade on the EUR/CAD off the middle Bollinger band

To give you an example, I took a trade yesterday. Sell trade, Euro-Canadian dollar. Just after my webinar finished last night my time. Fantastic trade only on a 15 minute time frame chart. I was looking at 15 minute time frame charts on the webinar. I don’t trade them much normally, but I happened to see a really good sell setup, jumped in straight at the market, off the middle Bollinger Band a continuation trade. I was out of the profit, out of the trade for full profit before the bottom Bollinger Band was hit, and had a fantastic trade. Made a lot of money in six minutes. It was a great trade because everything was there in the factor of the trade. The technical setup was there, the Bollinger Bands were there, the bounce off round number, the trend line break, all of it was put together and the overall daily strength and weakness. Great trade, six minutes. In, out, done, bank, profit. Thank you very much.

Look for the Bollinger bands to be widening

That’s how you can use Bollinger Bands. Use them to your advantage. As I mentioned, look for the Bollinger Bands to be widening, the upper and the lower band to be widening, spreading apart. It means you’ve got good price action, great time to trade. Bollinger Bands getting tight, very narrow, horizontal, parallel; not a good time to trade. When that happens, move on to another currency pair or go and do something else other than trading, because that’s telling you that the conditions are not great at that particular time.

This is Andrew Mitchem, the Forex Trading Coach. Have a great weekend. I’ll see you at this time next week.

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Is Trading Forex The Same As Gambling

In this weekly video:
00:21 – Forex trading and gambling
00:53 – The blame game – it’s very easy to do
01:59 – Trading is definitely not gambling
02:45 – You must understand risk and probability in order to trade well
05:04 – I’ve been trading for 14 years but it takes time
05:50 – Trading FX is one of the best things you can do

Is trading Forex gambling? Let’s talk about that and more right now.

Hi Forex traders, Andrew Mitchem here, The Forex Trading Coach, video and podcast number 239.

Forex trading and gambling

I want to talk about Forex trading and gambling. Are they the same thing? Well, I certainly don’t think they are, but I’ve had a comment today. It’s been on YouTube. A guy said, “Andrew, what you’re doing is you’re gambling. Trading’s not real. It’s a terrible thing to do. You’re just a gambler.”

Well, a number of answers to that really. Thousands of people, hundreds of thousands of people around the world make their living from trading Forex, but there’s more to it than just that.

The blame game – it’s very easy to do

You see, the problem is today, it’s very easy to blame other people. Social media means that people can moan and groan and vent their anger and frustration very, very easily. You generally find that the people that are doing well and busy in life, and entrepreneurs, et cetera, they don’t bother with this whinging and moaning and typing stuff everywhere, because they’re too busy enjoying life and doing things and making money, and spending time with their family to worry about doing all this criticism stuff.

As a trader, it’s very, very easy if things go wrong to blame everybody else, to blame the broker, to blame the platform, to blame the robot that you’ve bought, to blame all these different things, to blame the indicator, to blame your strategy, to blame your coach, whatever it might be. It’s very, very easy to blame other people. Or in fact, for most people, the real reason that they don’t do well is through lack of learning, lack of discipline, lack of focus, controlled risk, all those type of things.

Trading is definitely not gambling

For me personally, it is definitely not gambling. I am the most ungambling person, if that’s a word, that I know. I have never betted on horses or dogs or anything like that. I’ve never bought a lotto ticket, ever. I’ve been to a casino probably three times in my entire life, and that’s briefly. I’m not a casino person, I’m not a gambling person, and Forex trading is not gambling. You have to understand that if you want to become a trader, you have to have discipline, you have to understand the market, and you have to have focus. You have to have controlled risk. You have to understand probability, all these type of things.

You must understand risk and probability in order to trade well

So for me, as a trader, I understand risk. I never, ever risk more than half of 1% of my account per trade. Never. Most of the time it’s a quarter of a percent, a quarter to a half percent. Very, very low, controlled risk. I understand probability, I understand price action, I understand patterns, I understand strength and weakness, I understand where price might bounce, round numbers, support and resistance levels, previous highs, previous lows, pivot points. I understand what happens when we have divergence, when you have the price going one way and an indicator heading the other way.

I understand I’ve bought oversold situations, I read the news, I’m not a news trader, but I have a look at what’s happening in the news, the fundamentals. Any big news events. I trade longer timeframe charts where they have more probability, they have more information contained within a candle than a five minute chart, as an example. So, you put all that together with probability, you trade with the trend. If you take a reversal trade, you know it’s a higher risk trade, so therefore you have more, you’re watching the trades maybe slightly more.

But if you’re trading with the trend, you’re trading after pullbacks, you’re trading so that you have maybe a round number to protect your stop loss. You trade so that you don’t have to break a new high or a new low to get to your profit target. All these type of things adds probability to your trade and to your strategy. Now, if you do that, you put all that together, you have yourself a low risk, high probability trading approach. Therefore, when you start adding probability and you add reasons for a trade, and you have lots of reasons to protect the trade and your stop loss, and you have controlled risk, you’re actually trading.

You’re reading the market, you’re trading. Not every trade will go well. Not every day, not every week, not even every month will go well, but as a trader, you accept that if you have discipline, you follow this methodology, you stick to the approach, you don’t let your emotions get in the way, you don’t start doing silly things, then you have a very good trading approach that will, over time, will work across all market conditions.

I’ve been trading for 14 years but it takes time

I know that, because I’ve been trading the same way for more than 10 years, probably about 11 years now of trading the same way.

I started trading 14 years ago, but it took me a number of years to get to where I could understand the market and have a strategy. Now, most people give up in that time or they start gambling, they take too big a position size. They start arguing with the market or the broker, or not placing stop losses, doing silly things, and then it’s very easy to say, “It’s gambling and it’s the market’s fault, it’s everybody else’s fault.” It’s not, it’s your fault. If you want to become a good trader, you have to understand that, you have to understand the realities of it, and if you can’t understand that, you can’t accept that, don’t trade. Simple as that.

Trading FX is one of the best things you can do

If you do want to trade and you want to put some hard work and some effort and some dedication and some discipline into it, it is one of the best things you can do. I likened it on my reply on YouTube to flying a helicopter. Extremely hard thing to do. A lot of people will say, “I’ll never go in a helicopter. It’s far too dangerous” and all these things. It’s not, it’s rubbish.

If you seek good instructions, a good instructor, you’re disciplined, you plan, you understand the weather, you understand where you’re going, you understand the radio calls, maps, you understand the machine. You’ve done your homework, and you’re disciplined in your approach to flying, it’s such an enjoyable thing to do, and trading’s exactly the same. Really, it comes down to you.

This is Andrew Mitchem, The Forex Trading Coach. Have a great weekend. I’ll see you this time next week.

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How To Trade and Travel

In this weekly video:
00:20 – Trading from Wanaka, New Zealand
01:18 – Made +1.55% in 2 days by trading and 20 minutes
02:10 – Trading and travelling – using Daily charts
03:33 – Make money and travelling without watching charts all day
04:43 – Learning how to trade by yourself
05:10 – Google “Dusky Sound, New Zealand”

Would you like to trade and travel at the same time? It’s the ultimate goal for many traders. If that’s you, you have to listen to this video, check it out.

Trading from Wanaka, New Zealand

Hi Forex traders, Andrew Mitchem here, The Forex Trading Coach video and podcast number 238, coming to you from the beautiful, absolutely stunning Wanaka in the South Island of New Zealand. Absolutely amazing place here. If you’ve not been here just check out the scenery behind me. Absolutely spectacular. Well why am I here? Well yesterday I was absolutely thrilled and honoured and privileged to be able to fly a friend’s helicopter all the way to a place called Dusky Sound, which is absolute wilderness, completely remote part of New Zealand that very few people have been to.

Actually Captain Cook’s first landing place in New Zealand. Absolutely wonderful place. I got to fly the helicopter in and back out again. We spent the day fishing, caught some amazing fish, blue cod, ate some of them, still have some to eat for today. Just absolutely incredible.

Made +1.55% in 2 days by trading and 20 minutes

Why am I telling you this? Well one, I want you to come to New Zealand and have a look at this, why wouldn’t you? Number two, at the same time, and today’s Wednesday, I usually make my videos and podcasts on a Friday, but I had to share with you this amazing scenery.

Today’s Wednesday, so on Monday and Tuesday, I’ve just traded ten minutes on each day and that’s it and already with half percent risk per trade I’m up 1.55 percent on my account. That’s just 20 minutes so far this week, 1.55 percent. It’s just crazy. If you wanted to say, risk one percent per trade you’d be up what’s that, 3.1 percent in two days and it can be done just by trading daily charts once a day.

Trading and travelling – using Daily charts

If trading and travelling is your ultimate goal, then you need to jump on board with this, you need to start looking at these longer timeframe charts.

Now the trades that I’ve mentioned, they’ve all been posted on my website as well, for my clients, so every client would be up the same, just by copying. That’s it, of course you can still take trades yourselves and exactly like I mentioned on last week’s same video and podcast, go and check it out, number 237 (watch it here), about why would you trade the shorter timeframe charts? It kind of doesn’t make sense because people who want to trade and travel, you see all these funny images online of these beautiful women sat there in a bikini on the beach on a deck chair with their laptop, pretending that they’re trading.

Well, if I was sat on a beach, the last thing I’d want to do is think about trading. Number one, you’re going to get sand in your laptop so that’s the end of the laptop, but you know, more realistically why would you be sat there on a beach trading? That basically says to me that these people who are talking about doing this, they’re selling this ideal image, they’re promoting you sat there trading five and fifteen minute charts, which to me is just like crazy. Why would you?

Make money and travelling without watching charts all day

If you want to be able to realistically trade and travel at the same time, then you need to be able to go and do things like this. Just look at it, it’s spectacular. You need to be able to go and see places that you want to see whilst you are travelling but having the realistic ability to trade, so trading once a day on a daily chart, it is realistic and it can be done and it does allow you to travel at the same time. If you’ve got that goal to trade and travel, try to jump on board with my course if you want that help. Like I said, the 1.55 percent so far this week has been, and we’re only onto Wednesday, so it’s only two days of trading, Monday and Tuesday. It’s Wednesday morning here right now. That’s spectacular figures when you consider two days, 20 minutes at the very most.

I mean, that’s what it’s taken me but if you just copied as a client it would have taken you probably ten minutes. You just got to copy, look through charts, but ultimately don’t forget though, it’s not just simply a copy service, what we’re offering.

Learning how to trade by yourself

It’s more about actually about getting people the ability to learn how to trade themselves. That’s the main thing. Yes the 1.55 percent is great, but it’s the having the ability to take these same trades for yourself and be able to educate yourself to be able to do this from anywhere, anytime.

I’m going to stop now, I can just hear the same helicopter that I flew yesterday is just coming over. I’m not sure if I can quite get it on, but you can probably hear it in the background, but yeah, looking at.

Google “Dusky Sound, New Zealand”

If you Google, Dusky Sound, we were fishing yesterday with dolphins around us, with seals on the rocks. If you’re into fishing and I’m no fisherman, but if you’re into fishing then we were dropping the line in and within 30 seconds we were catching fish, these amazing blue cod because it’s a non-commercial fishing area, completely unspoiled.

If you want the opportunity to see places like this and to travel, jump onto those longer timeframe charts and ignore those silly pictures of people sat on the beach in their bikinis and laptops. It’s not real, this is real. You can’t argue, 1.55 percent in two days and you get to see places like this. I’m just going to pan around and see if my new gadget will follow me here. Excuse the very, very bright sunny conditions here, but it’s a spectacular place. This is Andrew Mitchem, The Forex Trading Coach. I’ll catch you this time next week.

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Should you trade the short time frame charts?

In this weekly video:
00:22 – Always getting asked this question – I cannot trade the main sessions
01:20 – Go to the longer time frame charts
01:54 – Getting affected by fundamentals and spread size
02:38 – How much time to you want to spend at the charts each day?
03:23 – Trade less and make more
03:52 – Trade analysis and a 55% gain per year

Should you look at trading short time frame charts? Let’s talk about that and more right now.

Always getting asked this question – I cannot trade the main sessions

Hi Forex Traders. This is Andrew Mitchem here, The Forex Trading Coach. Video and podcast number 237.

Now, I get questions every week, and probably every day and people say to me, “Look Andrew. I can’t trade the US session. I can’t trade the European session. I’m at work. I’ve got family commitments. I’m asleep then,” all these kind of issues that people have and for some reason, people seem to think that they have to trade the European session, which of course if you live in America, that’s no good because it’s like two or 3:00 in the morning.

People think they need to trade the US session. Well, for me here in New Zealand, that’s two or 3:00 in the morning. I had a guy just yesterday from New Zealand. He said to me, “I can’t trade the European session because that’s our night time.” He said, “I work nights so I can’t trade in that European session, which I know is the most active time and it’s the most profitable time to be a Forex trader. How do I get around it because I can only look in the daytime, which is the Asian session, and nothing happens most days in the Asian sessions so I can’t trade. How do I work this, Andrew?”

Go to the longer time frame charts

Well, the simple answer is, go to the longer time frame charts. Go to the daily charts. You could trade five and 15 minute charts if you wanted to. My system works very nicely on those time frame charts. In all honesty, I don’t trade them. It’s just something that just doesn’t suit my personality. I don’t like sitting, watching the charts, watching the screen all the time, feeling like you have to be taking trades all the time. The shorter the timeframe you go, generally the less reliable the trading information, the technical information is.

Getting affected by fundamentals and spread size

You are more likely to get influenced by news events like fundamental events and widening spreads. Spreads actually become such a big part of your actual performance, because if you’re trading and taking like a handful of pips maybe at like 10, 20 pips of profit, depending on the trade. You’ve paid two or three pips to get into that trade, all of a sudden, 10, 15% of your profit is being eaten up by the spread.

If you trade longer timeframe charts such as like daily charts and your profit target may be in 80 pips, 100, 150 whatever it might be depending on the trade again, and the volatility in the market at the time. I can handle paying two or three pips because it doesn’t really make a great deal of difference.

How much time to you want to spend at the charts each day?

The other thing is also, how much time do you really want to spend at your charts? By trading the daily charts, it doesn’t matter where you live in the world. I’ve got clients in 59 countries all around the world, all with different jobs, different set of commitments that they have in their life, and not a single person has a difficulty replacing my daily trades. Why? Well, I place retracement orders and then also I personally place part of my position at the market. I look at the 5pm close of New York day candle, and make my analysis from there. A daily chart has a lot of valuable information in it. The fundamental news that comes out within a day generally doesn’t effect it too much, because you have bigger stop losses and you can allow for those swings within the market.

Trade less and make more

It also means a lot less stress. Why would you not want to trade less but be more consistent and make more money? It just doesn’t make sense why you’d want to go staring at charts all day watching five minute charts, be scared and watching every pip move up and down. It’s crazy.

Really, to answer the question for those people, it doesn’t matter where you live in the world. It doesn’t matter whether you can trade the European session or the US session, because you don’t need to be sitting there watching the charts at those times if you choose to trade the longer time frame charts.

Trade analysis and a 55% gain per year

Now, I’ve also done some analysis of my own results this year. Far and away above everything else, the best performing time frame chart for me personally this year, are trades from the daily charts. It’s been a tougher year without a doubt. Up 13.4% on the daily charts this year with half percent risk. Last year I made 34% on the trades that I recommended on a daily basis to my clients. Clients could have just copied half percent risk, total per trade spin into two positions, half of the retracement, half at the market order, and made 34% without any compounding just last year, copying once a day.

Of course, you can still take trades on other timeframe charts and I recommend people look at things like for, six, eight, 12 hour charts. I also post trades for my clients on weekly and monthly trades as well.

For me personally, daily charts, definitely sort of the optimum time frame to trade. If you’re trading daily charts only, you need 10 minutes once a day and that’s it to analyse the market. I’ve also done some analysis on my daily trade suggestions that I’ve posted every day, of the day, every day throughout the last seven years, since 2011.

Now, if you had $100,000 in 2011, and you did nothing else than copied my daily trade suggestions right through to now, through to the beginning of August 2017, in that six and a half years, you would have made an average of 55% per year including compounding. $100,000 back at 2011, January 2011 today would be up over $460,000. That’s a 360,000, sorry, 360% gain on your original account with compounding in those six and a half years. That’s doing nothing else than just copying what I suggest once a day for maybe take you to copy two or three minutes. I takes me 10 minutes to analyse the market. Of course I write up information for clients and it takes a lot longer to write it all and post everything. For you as the trader, to analyse yourself, 10 minutes once a day, as a client to copy what I say, and post it and place it on your account, a couple minutes once a day. That’s it.

At 55% gain on our account on average per year, with compounding for six and a half years, not bad is it? When you look at that, why would you want to stare at five minute charts all day. I’ll leave that with you.

This is Andrew Mitchem, The Forex Trading Coach. Have a great weekend. I’ll see you this time next week.

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How to trade in difficult trading conditions

In this weekly video:
00:24 – Tough trading conditions
00:57 – Part of the bigger picture
01.35 – Don’t force trades
03:20 – US Non-Farm Employment Change Data

How do we trade the Forex market when the conditions are not great for trading? Let’s talk about that and more, right now.

Hey, Forex traders, it’s Andrew Mitchem here, the Forex Trading Coach video and podcast number 236.

Tough trading conditions

Right now, the market conditions are horrible for trading. Not particularly friendly. Results overall are not great right now. Three weeks ago I was reporting how conditions were fantastic, were making some excellent trades, excellent returns, and since then, the last two weeks, the last week of July, first week of August, I personally found, and so many thousands of other traders all around the world found the conditions are not great, and we’ve had a couple losing weeks. That happens, that’s part of trading, but right now, when you’re in it, it’s not easy.

Part of the bigger picture

Let’s talk about that, because it is a part of the bigger picture of being a successful trader. You have to accept the good times, and you have to accept the bad times. What can we do about that? Well, first of all, we can kind of expect that these conditions will be happening right now. We’re in the northern hemisphere summertime, so a lot of the banks, the big institutions, their staff are on holiday, the volumes within the Forex market have been reduced. There’s some volatility, yes, but the conditions are not great, and it’s been fairly hard trading conditions. I personally have found there have not been that many what you call A-grade trade setups.

Don’t force trades

The danger of that is you then start forcing trades to happen, and you feel like you should be trading all the time.

A number of things you can do to counteract that. One, make sure that you have low risk per trade, and always have low risk per trade. Number two, try to have multiple factors all backing up the trade at the same time. I was on a webinar with my clients just yesterday and we were talking about the trades, and some of these trades were hand-picked. We were trying to look at what would have been the best trades over the last week, and some I’ve taken, some clients have taken, and some were just hand-picked to be this is the perfect trade. If you waited for this, this would have been what we were looking for.

Now, those kind of trades, we were finding five, six, seven, eight, nine, sometimes ten things all in the favour of those trades, the profitable, winning trades. When we were looking at trades that people had taken or I had taken that lost, there were things there that were a little bit doubtful. When you have that indecision, when you have those doubtful factors with a trade in these conditions, and you know that every year, end of July through August is going to be tough because it just is every year, when you have these conditions, you have to be really quite strict with your trades. You have to have these multiple things all showing at the same time. Give yourself the best possible chance of that trade to be profitable by putting lots of factors all in the favour of the trade at the same time. That really is the key there. It’s making sure you don’t trade overly, like don’t trade too much, don’t force trades. If there’s a little bit of hesitation, a little bit of doubt of what you see in that trade, don’t take it.

US Non-Farm Employment Change Data

Today as an example, with non-farm employment change, non-farm payroll day, I’ve seen four trades that I was about to trade on the daily charts and post for clients, but I’ve said no to all four of them. One, it’s non-farm payroll day, but two, there are a few factors there. Yesterday we had the rate announcement out of the UK, and that’s affected the pound. It’s dropped a lot. Is that purely a news reaction, or is that technically now a sell-off in the pound coming? There’s a few doubts in my mind there, because the pound has been really strong up to that point. Put that together with non-farm payroll day, and it’s like, there’s a few things here I’m not overly comfortable with. Therefore, yes, technically they’re good-looking trades, but I’m not taking them. I know we’re in these tough market conditions. Look at the bigger picture, ride out August, and then wait for conditions to come right again, and then get back into profitable trades. High reward-to-risk trades, but low risk per trade.

That really is the bigger picture key. It’s a learning lesson. It’s quite tough when you’re in that little bit of a lull when the conditions aren’t great, but overall you have to look at the bigger picture and accept that you do get dips. You don’t get a straight line in your return equity, so this does happen from time to time. Ride it out, be patient. Wait for the good trades, the good times will be soon around the corner.

This is Andrew Mitchem, the Forex Trading Coach. Have a great weekend. I’ll see you this time next week.

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Which FX Pairs Should You Trade?

In this weekly video:
00:25 – Which currency pairs should I look at?
00:47 – It doesn’t matter where you live and what you trade
01:11 – Don’t just focus on the Major pairs
02:00 – Stick to the main 8 currencies
02:50 – What is the best technical setup – find that and trade it
03:48 – I also focus on strength and weakness
04:10 – What has the path of least resistance?
05:50 – Use Profiles to make life easy

How do you decide what currency pairs to trade as a Forex trader? Let’s get into that and more right now.

Hi, Forex traders, Andrew Mitchem here, the owner of The Forex Trading Coach. This is video and podcast number 235.

Which currency pairs should I look at?

Now I get a lot of questions saying, “Hey, Andrew, can you tell me which currency pairs I should be trading? Which should I be focusing on?” Because it’s quite difficult for people to know which currencies to look at, there is so many obviously there to look at. And it’s a thing that confuses so many people. So let me give to you some tips and some helpful information of how I go through this process.

It doesn’t matter where you live and what you trade

First of all, it doesn’t matter where you live. A lot of people say they live in the UK, and they say, “I want to only trade the British pound pairs.” A lot of people live in Canada only want to trade the Canadian pairs. It doesn’t matter. Just because I live in New Zealand doesn’t mean to say I just trade New Zealand dollar pairs. It really does not matter.

Don’t just focus on the Major pairs

The other thing to be careful of is, a lot of people also say, “Just focus on the major pairs.” Like the euro US, the pound US, US Swiss franc, Aussie US, US yen, etc., US Canadian.” The problem is you’ll notice they all contain the US, so therefore what you are trading is very heavily dependent on the direction and the strength or weakness of the US dollar at that time.

So if you are generally trading the major pairs only, then half of what you are trading is focused on what the US dollar is doing. So that means you are either going to be completely right or completely wrong on the vast majority of those trades that you take if they are all correlated. So for me it’s like definitely look at some of those minor pairs and the exotic pairs, but only to a degree.

Stick to the main 8 currencies

I personally don’t go trading Norwegian kroners and South African rand and all that. I just stick to the majors which are the US dollar, the euro, the pound, Swiss franc, British pound, the Aussie, Kiwi and the Canadian. I might have missed one, but the main eight. And so stick to those and the combinations of each other.

So as an example. I’ve taken a trade today on the New Zealand Canadian dollar. It’s fine because it’s taking two of the main currencies, and it could be like the Australian dollar against the yen, it could be something like the Canadian Swiss franc, it could be a combination of those. So personally I’d stick to those main eight currencies and combination of each of them. So it doesn’t matter where you live in the world or what your local currency is or what your account is denominated in, none of that really matters.

What is the best technical setup – find that and trade it

To me as a technical trader it’s all about what is showing the best setup right at the time that I’m taking the trade. Now I only have a look at a chart upon the completion of a candle. So if I’m looking at a daily chart, it’s only once a day. If it’s a four-hour chart, it’s once every four hours.

And actually you probably know I’ve got some great software that I have for myself and my clients to trade. We look at offline charts which are non-standard MT4 charts and we get tremendous success on those charts and there are charts such as six hours, eight hours and 12 hour charts.

Great thing about a 12-hour chart, you just need to look twice a day, and that’s it. And it’s only at the completion of the candle, because we are taking retracement orders we don’t even need to be there at exactly the time the candle closes. You’ve got a lot of time on a 12-hour chart to be able to get to your computer and place a trade, many hours.

So it’s all about the technical trades, that’s how I decide which currency pairs I’m gonna trade at the time.

I also focus on strength and weakness

Yes, so your strength and weakness, as you know I focus a lot on strength and weakness because it makes logical sense. If the New Zealand dollars looking really strong, and the Canadian dollars looking really weak, then obviously I should be focusing on looking for buy trades on the New Zealand Canadian dollar if they show because it adds more probability to the trade.

What has the path of least resistance?

I also need to look at the chart what is giving me the best technical setup, what has the least path of resistance in its way, what has no …? Let’s say we are buying, let’s say what has no previous swing highs nearby, what has a lot of room to move towards the upper Bollinger Band let’s say, what has no major near-term resistance in the way, what has a round number I can use as a stop-loss to protect my stop-loss below my buy trade? All sorts of things like that that I’m looking for, what has a trend line break, what has divergence, what has daily strength and weakness?

All those things, put them together to form the technical chart pattern, the setup, the candle pattern that we are looking for that has lots of multiple factors all showing at the same time to back it up. What has reasons to help protect the trade as in the stop-loss, and what has a fewer paths of resistance? So therefore it’s giving my trade the best opportunity to get to my profit target.

Put all that together, and I don’t really care whether it’s the New Zealand against the Canadian or the US against the yen or the British pound against the Aussie dollar, it doesn’t really matter too much because it’s technically getting the setup right on the timeframe that I’m looking at, on the pair that I’m looking at.

Put all that together, has it got room to move? Yes. Is it giving me a high reward to risk? Yes. Is there protection for the trade? Yes. Technical setup? Yes. Has it got strength and weakness from the daily or even the weekly chart backing it up? Yes, it does. Take the trade. It really does need to come down to be as simple as that to select which trade do you take and which currency pairs.

Use Profiles to make life easy

Use profiles on MT4, so put all the currency pairs on say four-hour charts and then daily charts or weekly charts. So any other timeframes altogether as a profile on MT4 makes it then very easy to go through and select your profile. I know that in an hour from now I’ve got the four-hour charts changing over. Select the four-hour charts, scan through the charts. Any technical setups? Yes, maybe, no, no, no, whatever it might be, take the trade. Come back and look four hours later for another potential trade setup again.

So I hope that helps. This is Andrew Mitchem of The Forex Trading Coach. Have a great weekend. I’ll see you this time next week.

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Which Forex Broker Should You Use?

In this weekly video:
00:29 – Which broker should I use?
01:03 – I use Pepperstone, AxiTrader, Go Markets and Blueberry Markets
02:12 – ASIC Regulated brokers
02:30 – Oanda and Traders Way are the 2 brokers I suggest for US traders
03:55 – A new Trade Copier Service is now available

Which Forex broker should you use and why? It’s an important subject. Let’s talk about that and more, right now.

Hi, Forex traders. Andrew Mitchem here. The Forex Trading Coach video and podcast number 234.

Which broker should I use?

Now, a day doesn’t go by without me getting a handful of emails asking me, “Andrew, which broker should I choose? This broker’s not been fair to me. I can’t get my money from that broker. I’ve read bad reviews about this broker. Who should I use?” So I can’t tell you actually who you have to use. That becomes your choice. What I can tell you are the four brokers who I personally use with my own funds. I’ve been with them for a number of years. I like them, I trust them, and they’re working well and I’ve sent a lot of people to them. But still you need to do your own due diligence and it needs to be right for you.

I use Pepperstone, AxiTrader, Go Markets and Blueberry Markets

If you’re in America, there are two other brokers I’ll mention shortly, but the four brokers who I personally use are Pepperstone, AxiTrader, Go Markets and Blueberry Markets. Now all four of those use the MT4, MetaTrader 4 platform. All four of them have the correct 5:00 p.m. Eastern Standard Time, that’s New York time, start of day charts. So they all open a new day on the charts at 5:00 p.m. American, New York time. Really important that you have that on your charts, regardless of who you choose as your broker.

And what I’ve done is, I’ll put a link below this video to the page on my site where you can go and find out more about those four brokers. If you’re listening to the podcast, you can then go to forextradingcoach.com, click onto the products page, and then drop down to the Forex brokers page. So, once again, Pepperstone, AxiTrader, Go Markets and Blueberry Markets. To be perfectly honest, there is not a huge amount of difference between all four of them. All four are based in Australia. I’m based three-and-a-half hours away in New Zealand. So I’m not doing it because they are in the same country, which they’re not. They’re not even close to me.

ASIC Regulated brokers

The reason I’m using them is because all four, in my opinion, are good brokers. They’re regulated in Australia, which is quite a high, strict ASIC-regulated area. And I’ve been with them for a number of years. You can have your accounts in various denominations. If you happen to live in Europe or somewhere else that’s not close, doesn’t matter, because they have servers in different countries around the world.

Oanda and Traders Way are the 2 brokers I suggest for US traders

If you are in America, then the two brokers who most of my American clients use are OANDA and Trader’s Way.

And with all six of those brokers, I’m not endorsing them. You will find negative comments about all of them. Wherever you go, you’re always gonna find people who get grumpy and get upset and blame the broker for losing trades and widening spreads and all this. What I’m saying are these are the four brokers who I personally use myself. I’ve never had an issue with them. And the two American brokers, OANDA and Trader’s Way, are the two brokers that a lot of my US clients use and seemingly like.

And so have a look at them, do your own due diligence. It’s really important. It’s your money, you need to be comfortable with them. It’s not just because I say they’re good, you have to be comfortable yourself. So go and do that due diligence and do some research on them, but don’t be surprised when you see negative comments about certain brokers. I get negative comments about myself and my coaching course, but having said that, I’ve got the overwhelming vast majority of clients over the last eight plus years who have done exceptionally well from the coaching course. You’re always gonna find negative comments from some people. As the phrase goes, you cannot please all the people all of the time, and you can try your best but you can never please everybody. So have a look into that. I hope that helps. As I mentioned, there is a link below this video.

A new Trade Copier Service is now available

One other thing just to mention this week, and I’ll put a link also below the video, to mention that a trade copier service from one of my very best coaching clients has gone live. If you’re interested in having your account 100% automatically copied using this master account, then it’s something to have a look into. It’s an exceptional service and I really strongly recommend it. And again, have a look at the link below this video. If you are listening to the podcast, go to forextradingcoach.com, go to products, and then drop down, you will see a signal service trade copier button there.

So once again, this is Andrew Mitchem, the Forex Trading Coach. Have a great weekend. I’ll see you this time next week.

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How To Trade A Trending Market

In this weekly video:
00:25 – Good strong trends in the market
00:45 – 13 trades closed and a +6% gain for the week
01:24 – How do you know if the market is trending?
02:03 – The great thing about technical trading
03:02 – I trade using retracements
04:05 – You can profit both ways – on reversal and continuation trades
04:52 – An auto trade signal service coming soon

I’m going to explain how you can trade really well in a trending market like we’ve seen this week. So, let’s get into that and more right now.

Hi Forex Traders. Andrew Mitchem here at The Forex Trading Coach. This is video and podcast number 233.

Good strong trends in the market

This week we’ve had a fantastic change around in the market. We’ve had some very good, strong trends as opposed to last week when we had the American Independence Day, and we had non-farm payrolls. The market was pretty flat last week [inaudible 00:00:39] this week we’ve had some fantastic trades, some great opportunities to get into the market and ride the trends.

13 trades closed and a +6% gain for the week

Personally, I’ve had a great week so far. I’ve had 13 trades that I’ve closed out up over 6% on an account on a half-percent risk per-trade. Those have been across a variety of different time frames. Some weekly charts and daily 12 hour, 8 hour, 6 hour and 4 hour charts. Very little time per-day actually spent trading, but just over 6% return, half-percent risk per-trade. 13 trades. That’s all. There’s three trades still open behind me, they’re all in positive territory. So, I’m looking at maybe increasing that to maybe 7% or 8% by the end of the week. So, it just shows what can be achieved.

How do you know if the market is trending?

So, how do you know when the market is trending? You can generally see that in hindsight after it’s actually happened. In real time, you really don’t know if it’s trending, if it’s range banned so it can reverse what’s happening and that’s the beauty of being a price action trader. A technical trader because I can only trade what I see on the charts at the time.

Now, I can have clues on the charts such as Bollinger Bands and things like that. When the Bollinger Bands widen when they get further apart, the market is generally trending more and it’s moving further apart. When Bollinger Bands get tighter and closer together, then that means that the market is more range banned and it’s flatter.

The great thing about technical trading

The beauty of technical trading is this: If the market is range banned and it’s very flat, I generally know where to put profit targets and stop losses because I can figure out those levels according to what’s happening in the market right now. Quite often when the market is range banned and flat, you don’t actually find too many high-quality trade setups. So therefore, if the market is flat like last week, you don’t see much happening. There’s not a lot you can trade. You can take some trades, but very few.

This week, the market has been moving beautifully. Think trending markets. Therefore, it’s been quite a lot of good setups. High-quality setups and it just gives us the opportunity to take far more trades, and profitable trades because the price action has been moving a lot, and profit targets are being hit on the vast majority of trades. So, it’s of great time to be trading when this happens.

I trade using retracements

Now, I trade on retracements. So, that means I’m getting in at a better price than where the market is right now. With these big trends moving, you will get the up-trend, you get little pullbacks and it goes again, and that’s a great way of trading. So, it’s a continuation trade using a retracement. I‘ve also take a few trades. Now, yesterday was a great example. You’d have noticed on Thursday, a lot of the Yen pairs were suddenly showing strength. There’s been a lot of weakness in the Yen pairs, then all of a sudden some strength. Great opportunity to be selling like the Euro, Yen and the US Yen. Not too far because I’m mindful.

It’s against the bigger, longer-term trend, but with the strong trends, I am expecting to see some form of exhaustion and an over-brought or an over-sold area, and then look to ride the market back down again. Now that the bigger picture is up, get out of the trade fairly quickly, which we had to today, and then waiting for buying opportunities again to ride the market back up in the overall direction.

You can profit both ways – on reversal and continuation trades

So, you can profit both ways. You can profit when the market is continuing to move up and up and up. Beautiful. Love to do that, but also when it gets over-brought, and it starts to reverse, you can profit on a reversal against the main trend. So, for a reversal trade you definitely need to have all the factors lining up, all the things that we’re looking for stacked up in your favour. You definitely want to do that.

On a continuation trade because you are trading with the main trend after a pullback, you can get away probably with a few less factors. More of what I like to call a B-Grade trade setup rather than having to be A-Grade because of the nature of the market will likely to continue in your main direction. So, a great week so far for trading. If every week was like this, it would be absolutely incredible.

An auto trade signal service coming soon

To help you out, what I’m looking at doing is with a client of mine. I’m looking at setting up a signal service. An auto-trade signal service where you can have your MT4 Account copied in identical fashion to the way that he is trading. One of my most successful Forex clients. If you’re interested in having your account through a signal service, and auto-trade signal service, basically a mirror image. If you’re interested in having your account traded by this client of mine, using identical money management, low risk money management trade approach that he takes. If you’re interested, let me know. Put a comment below this video.

You can email me, you can add it to YouTube. If you’re looking at YouTube, you can add it to my website. If you’re looking at my website right now, or if you’re just listening to the podcast, you can email me andrew@theforextradingcoach.com just to express your interest in the trade copy and signal service. We’re looking at getting it started up in the next few weeks, probably by the beginning of August. If you’re interested do let me know and I can send further details to you.

So, have a great weekend. I’ll see you this time next week. This is Andrew Mitchem, the Forex Trading Coach. Bye for now.

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What It Takes To Be A Good Forex Trader

In this weekly video:
00:30 – You must have a passion for trading
01:44 – Controlling your emotions
02:22 – A willingness to learn and change
03:33 – Be dedicated to trading
04:10 – Develop a strategy that works for you
05:02 – You have to give this some time to work
05:43 – How can I help you?
06:07 – A very high success rate for clients – here’s why
07:07 – Click on the link below to find out more

What makes a good Forex trader? Let’s talk about that and more right now.

Hello Forex traders. It’s Andrew Mitchem here, The Forex Trading Coach video and podcast number 232. In this video, I’d like to explain about some of the main points you need to have in order to be a good Forex trader, so let’s get into it.

You must have a passion for trading

Number one, and I think this is so important, very often overlooked. You need to have a desire to want to trade. You have to have a dedication to trade, but you have to have a passion for trading. It has to be something that you really want to do. Don’t just get into Forex training because you’ve heard somewhere or read online it’s a really good way of making some easy money. It will not work for you if that’s the reason you’re in it. If you’re in it for a get rich quick idea, don’t do it. If you’re in it because you’re a gambler, don’t do it.

If you would like to become a Forex trader and genuinely have an interest in the markets, an interest in understanding how they work, an interest in making money, of course, but investing and being a good investor, then the Forex market is perfect for you. You have to have that approach up front. You have to have that genuine desire to know what’s happening in the market. I think it’s really important, often completely overlooked because everybody always jumps into the strategy first. You’ve got to really sort of enjoy it. You have to sort of look forward to trading each day. When it gets to the weekends, I’m disappointed I can’t trade. I look forward to Monday mornings. For most people, Monday morning is about the worst thing that can happen to them because they have to go back to their job again. It’s all about having that enjoyment in what you do.

Controlling your emotions

You have to be able to control your emotions. It’s really important. You are dealing with money. You are dealing with life. Price action moving, sometimes things can be very, very slow. Other times things could be happening very, very quickly. You have to be able to control yourself, control your mind, understand what you’re doing, be very level-headed about what you are doing because ultimately when you’re trading with money, emotions do come into it. Again, when you’re trading with strategy and you’re trading with the unknown and you’re trading with probability, because that’s ultimately what we’re doing, you have to be able to control your emotions and not react in a bad way to the market or what’s happening. That’s the first two points.

A willingness to learn and change

The third thing that you need to do, you have to have a willingness to learn. You have to have a willingness to change and a willingness to adapt to the market because market conditions do change over time. You have to have a willingness to, not just be completely rigid. Yes you have to stick to rules and yes you have to have a plan, and you have to be able to stick to rules and stick to a plan, but at the same time, as the market changes, you have to be able to adapt. Give you a great example, just yesterday, I held a webinar with clients. We took some trades on the four hour chats. Now, more recently, the four hour chats haven’t been showing that many good trades, but this last week, they‘ve been showing some excellent trades.

Whereas I’ve been trading a lot off the daily and the 12 hour chats more recently, but this past week, less trade. You adapt to what’s showing at the time in the market. This week we’ve had U.S. holidays. We had a holiday in Canada on Monday. We had independence day in America, Tuesday, and then today being Friday, we’ve got U.S. non-farm payrolls or employment change, so it’s been quite a quiet week. Therefore, you adapt and you trade slightly shorter timeframe charts if that’s what’s showing at the time. That’s what I mean by a willingness to adapt as well.

Be dedicated to trading

You also have to be dedicated to what you’re doing. You have to be doing this all of the time. When I say that, you don’t have to be trading as your full time job, but if you are going to be a trader, don’t just sort of trade yesterday and then I might go on holiday for a week and might not trade for another week, and something else happened, I can’t be bothered to trade for two weeks. Don’t do that. Try and be consistent in your trading. Whatever it is you do, whatever style of trading you have, try and be consistent. Doesn’t mean to say that you have to sit there watching charts all the time, all day and night, but you have to be consistent at when you trade.

Develop a strategy that works for you

You also have to find, develop for yourself, or purchase, whichever way it is, and it doesn’t really matter, a strategy that works for you. A strategy that not only works across all currency pairs and all market conditions or timeframes, but it’s what suits you. You can spend a lot of time trying to develop your own strategy and if you get a strategy that works for you, well done, absolutely go for it. It took me four years of trial and error before I found a strategy that really worked for me, and developed my own strategy. Likewise, you can buy a strategy. You can buy my course. You could buy other courses. Again, it’s what works for you. I’m a technical, price action based trader and that’s the way that I trade. I’m a technical trader. It works for me. If it works for you, if you’d like to be a price action trader and a technical trader, then I can certainly help you shortcut that whole learning process.

You have to give this some time to work

You have to be willing to give this time. It’s so many people I see that give up after a few weeks or a few months and say, “Oh, it’s not working for me. My broker’s taken all my money,” or, “My wife tells me it’s gambling.” All these excuses come out, but ultimately it is very, very good. It’s not easy and it does take time. It’s like all good things, they take time. It’s like a good bottle of wine. It takes time to develop. Whether you’re growing something, whether you’re producing something, whether you’re learning something, anything good generally takes some time and some dedication. Forex trading’s no different whatsoever.

How can I help you?

How can I help you to become a good Forex trader? As you probably know, I run an online course, been running that for over eight years now. I have clients in over 58 countries, all around the world, all trading experiences, different types of ages, different work commitments, etc. The list goes on. There is such a massive variety of people who have taken my course. The success rate is absolutely incredible. Why is that?

A very high success rate for clients – here’s why

Number one we have the strategy that works. We have a strategy that doesn’t require you to be sitting watching your computer all the time, a strategy that doesn’t require you to have to be there at a certain time. We have a huge amount of ongoing help and support. Just yesterday, I held a two and a quarter live webinar for my clients. Every week you can jump onto a live webinar. In the European session, the following week in the U.S. session. They all get recorded so you can go back and watch recordings back to 2010 on the membership sight.

Every day we’re posting strength and weakness analysis, where we’re seeing the likely movements for the day, specific trades, why we’re entering, the reasons for entering the trade, the exact entry and exit levels for you to go and learn. We have great software. We have a forum site where clients can interact with each other, where we post trades on different timeframe chats. There’s email support. There’s a support site. There’s a huge amount of ongoing information on top of the actual strategy itself to help you to become a successful trader.

Click on the link below to find out more

If you’d like our help, there’s a link below this video. If you’re listening on the podcast and you can’t see the link, well just head to TheForexTradingCoach.com and you can find out more on my website.

This is Andrew Mitchem, the Forex Trading Coach. Have a great weekend. I’ll see you this time next week. Bye for now.

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