Podcast:
Play

How to trade Crypto Currencies Profitably

In this weekly video:
00:29 – The hot topic of conversation
00:49 – I took a Sell trade on Bitcoin on my live webinar
01:22 – Traded on Axi Trader FX account
01:54 – Technically the setup was the same as trading Forex charts
02:20 – Massive 37% loss since the high in December
02:50 – A client on mine has developed a robot which trades Bitcoin – Live Webinar on 25th January
04:03 – Click on the link below to attend the live webinar

Cryptocurrencies. Everybody’s talking about them. If you want to know how to trade them profitably, listen up I’ve got some great news for you.

Hi, Forex Traders! Andrew Mitchem here, The Forex Trading Coach. Video and Podcast number 257.

The hot topic of conversation

Gonna talk about the hot topic of right now, which is cryptocurrencies, Bitcoin, et cetera. Wherever you go online, it’s all over the internet; it’s all over newspapers. Is it a good thing? Is it not a good thing? Is it a bubble? Are people gonna lose their homes over it? All these types of things are going on right now.

And up until recently, I haven’t personally had a lot to do with cryptocurrencies.

I took a Sell trade on Bitcoin on my live webinar

But yesterday, I held a live two-hour live webinar for my clients. During that session, I saw a fantastic trade set-up on the Forex charts, but on Bitcoin. It was a sell-trade. If you’ve been following Bitcoin, for example, back in mid-December it was up at 19,000 U.S. dollars. Now it’s just so dropped below $12,000. And so I saw a technical set-up on Bitcoin to sell it. It was on a four hour chart. It went really nicely.

Traded on Axi Trader FX account

The interesting thing was I took the trade on my AxiTrader account and the minimum lot size I was able to place was one standard lot. So with a volatile market like Bitcoin, that was quite a lot of movement and quite a big fluctuation in my profit and loss as the trade was progressing. So it is something that you’d need to have a relatively large account size in order to do because there is potentially a lot of money to be made and also potentially some to be lost if you don’t know what you’re doing.

Technically the setup was the same as trading Forex charts

But what I really did like about it is technically, it didn’t matter whether I was trading the Euro U.S. dollar or Bitcoin against the U.S. dollar because technically, the set-up was there and my charts and my software picked the candle patent that I’ve always looked for regardless of what I’m trading or what time frame. And saw the trade, basically, took the trade. Now, as I mentioned volatility is there

Massive 37% loss since the high in December

The good thing is that with the way that I traded it through my broker, my Meta Trader 4 broker, is I didn’t need $19,000 U.S. like you would have back in mid-December. Just imagine how those people are feeling today when the prices right now as I’m recording this is under $12,000. That’s around a 37% loss on their money in one month. That’s not good. You know? The great thing is that with leverage through your broker, you don’t need that money upfront.

A client on mine has developed a robot which trades Bitcoin – Live Webinar on 25th January

So. Good things to tell you about. Ivo, who is a client of mine over in Ireland. He’s been with me for about probably four or five years. He’s developed a trading robot or an expert advisor that trades my strategy. He calls it Satoshi and he trades it very successfully across Forex pairs. Now he’s developed that same robot to work across Bitcoin.

Now, next week on Thursday the 25th of January, we’re gonna be holding a live webinar. It’s gonna be in the European session and what I’m going to do is I’m gonna put a link below this video and podcast where you can register and attend for free the live webinar that I’m going to be holding with Ivo. There’s no obligation at all to anything. It’s just to share with you information about Bitcoin, how to trade it and also how to trade it automatically. Sounds really exciting. I’m really looking forward to it.

I don’t promote people. But Ivo I have promoted because he is a client of mine and a very successful client who has developed the automated strategy around my strategy. So very rare that I do things like this, so I think this is going to be really important for you to attend.

Click on the link below to attend the live webinar

So if you’re interested, all you need to do is click on the link below this video and I look forward to seeing you on that live webinar with myself and Ivo from over in Ireland on Thursday the 25th of January. See you then.

Click Here To Register for a Live Webinar with me and Ivo

Click here to Download Blueberry Market MT4 Broker

Check out my suggested Forex Brokers! Click here!

Get my #1 Forex Trading Strategy! Click here!

 

Play

Quick Links

FAQs

Contact
About Andrew
About Paul
Testimonials
Privacy
Disclaimer
Cookie Policy

Resources

Free eBook
Free Risk Calculator
Are You New to Trading Forex?
Are You About To Give Up Trading?
30 Minute Forex Trader Update
Online forex video course
One on One Coaching in Person
One on One Coaching – Online
© 2020 The Forex Trading Coach Ltd (NZ FSPR:FSP37396) provides general information and educational courses and materials only. This is not an offer to buy/sell financial products. We do not provide personal advice nor do we consider the needs, objectives or circumstances of any individual. Financial products are complex and all entail risk of loss. Over-the-counter derivative and foreign exchange products are considered speculative because they are highly leveraged and carry risk of loss beyond your initial investment, hence should only be traded with capital you can afford to lose. Please ensure you obtain professional advice to ensure trading or investing in any financial products is suitable for your circumstances, and ensure you obtain, read and understand any applicable offer document.

Latest Podcasts / Videos

#358: If You Don’t Trade Forex Now, You Never Will

 Podcast: If You Don’t Trade Forex Now, You Never Will In this video: 00:24 – The world has gone mad 00:36 - Traditional investing is not working 01:00 – Why we trade the Forex market 01:21 – You need to be trading right now 01:57 – Email from a client...

#357: Are You Thriving or Just Surviving?

 Podcast: Are You Thriving or Just Surviving? In this video: 00:33 – Paul Tillman was here in NZ last week 01:12 – How we made profit from the Coronavirus news 02:06 – The stats show that only 5% make good money 03:05 – The system and strategy works in...

#356: Will the Coronavirus affect Forex Traders?

 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...

#355: What Does Your Trading Day Look Like

 Podcast: 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 –...

#354: We can help shortcut your learning process

 Podcast: 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...