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Daily Currency Movements and Trading Videos

#290: Are you about to quit Forex Trading?

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Are you about to quit Forex Trading?

In this weekly video:
00:26 – Frustrated trader on live webinar
01:06 –  Less in more
01:50 – No one perfect way of trading
02:24 – Look at your charts twice a day
03:31 – Buy and Sell Limit orders
04:20 – Be part of a trading community
05:10 – 3 trades made a +1.5% account gain

Are you about to give up Forex Trading that's just not working for you? If that's you, I've got some really important information for you to listen to first before making that decision. Here we go.

Hey traders, Andrew Mitchem here, the Forex Trading coach of video and podcast number 290.

Now, I wanna share with you a story from my live webinar with my clients just last night. Now in that webinar, I had a new client on his first live session with us as the group, and he said to me,

Frustrated trader on live webinar

“Hey, Andrew, I've been trading for eight years, on and off. It's just not working for me. I've joined your course as basically the last ditch effort to make trading work. What's the secret? Can you ask people on the webinar, other clients, what's the secret to making this whole thing work? Why are they successful and I'm not?”

It was really interesting to watch the comments come through from a number of my clients, and a number of them have been with me for many years.

Less in more

There were a range of comments come through, but basically it came down to the less-is-more philosophy, the trade to longer timeframe charts, the be selective with your trading as in don't take B grade setups. Only take the top quality setups. Get to understand the patterns that you're looking for. So, we looked for, basically, two quite distinctive patterns. One's a reversal, one's a continuation. Basically, if you get most of the setup looking exactly as you want, it doesn't matter what the pay or what the timeframe, what the direction is, but if you get that, so often the trades will work out. And why? It's because of probability.

No one perfect way of trading

Now, there is no one perfect way of trading, and different people have different ways of trading, obviously, and that's why the strategy that I use basically combines different bits and pieces of different strategies to get one overall proven strategy that works. Along with that strategy and the patterns that you're looking for, it was about taking those longer timeframe charts. Personally, I wouldn't look at anything less than one hour timeframes. Be selective. Don't worry if you miss trades. You're gonna miss trades. You don't have to be at your computer all the time.

Look at your charts twice a day

A really interesting comment came out from a client that's been with me for about three years. His advice was just to look twice a day and that's it. You've gotta carry on with normal things in life, whether it be family, entertainment, recreation, job, whatever it might be. But, it has to be realistic in terms of the time that you can dedicate to your trading. He was saying, “I just look twice a day and that's it.”

He looks around 5:00 am New York time, and 5:00 pm New York time. Now, at 5:00 pm New York time, which is the beginning of the new trading day, at the beginning of the week you can look at the weekly charts. Beginning of each day you can look at the daily charts, and also, you can look at the 12 hour, the 8 hour, the 6 hour, the 4 hour, and the 1 hour charts. Put that all together once a day at 5:00 pm New York time. It might take you maybe 20 minutes, 15, 20 minutes to go through all those charts. Very, very easy to scan through and select which trades you'd like to take. And then, at 5:00 am New York time, which is when I hold my live webinars, you can then look at the 1, 4, 6 and 12 charts. That's it. That's all you need to do.

Buy and Sell Limit orders

You don't have to be there at that exact time because we use a lot of limit orders, buy and sell limit orders. We are looking for retracements anyway, so you don't even need to be at your charts at that exact time. So, what does this do? Well, it gives you less stress, less headaches, higher reward to risk trades, news is less of an influence in your trading, because you're trading those bigger pictures, those longer timeframe charts. You're not having to be there watching every pip move up and down. You're not fiddling with trades. You're not trading stops. You're not waiting for something to cross A to cross over B or that red line to cross over that green line. You're not waiting for all those kind of things. That's the beauty when you take your trading techniques level into that bigger timeframe.

Be part of a trading community

The other comments were along the lines of be part of a community and all those type of things. Discuss your trades, take screenshots of your trades. I've got some great software that when I place a trade, it takes a screenshot for me. My clients have access to that software as well, so not only does it make the placing of the trades very accurate in terms of position sizing, et cetera, but it also takes a screenshot of what the trade looks like at the time that you place it. And, that's very, very important. You can go back and see with hindsight what's happened and go, “I would've taken this one. I might have taken that one.” But, what you want to see is what does that chart look like, right at that time that you decided to take the trade? Go and review that. Review the good trades and the trades that don't work out. It's very important that you do that.

3 trades made a +1.5% account gain

As part of the group and community, just following on from that, during the session yesterday, I took three trades on the one hour charts, live in front of my clients. One was the Aussie Yen, which was profitable. One was the Euro Aussie that, in the end, got stopped out, although it got into some reasonable profit. And the third one was a buy trade on gold against the U.S. dollar. That also hit profit. Now, the net result of taking those three trades live on the webinar, with half percent on each of those three trades, was a positive plus 1.5% account gain for myself and my clients who followed those three easy to see easy to follow trades.

Again, less is more. You don't have to sit there watching five minute charts and doing all these different things. We just looked at the close of the one hour chart when we started the webinar and the close of the next one hour chart mid-way through the webinar. That was five minutes looking throughout the one hour charts on two occasions, 1.5% account gain. Not bad is it? Those sort of things can be done.

If you'd like more information, feel free to contact me. [email protected] and I hope you enjoyed this video.

Click here to know more about my Forex Coaching Course

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#289: Do The Experts Really Trade?

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Do The Experts Really Trade?

In this weekly video:
00:29 – Experts, are they real traders?
01:18 – Received an email from an expert who has never traded
02:23 – We read the comments and view the sites from the experts.
03:08 – Don’t you want to follow a real trader?
03:48 – We trade live daily

Do the experts really trade? Let's talk about that and more, right now.

Hey, traders, it's Andrew Mitchem here, The Forex Trading Coach, with the video and podcast number 289.

Experts, are they real traders?

Now, I've got a bit of a controversial subject. Now, I want to talk about this, and I want to talk about the subject of do the experts really trade? I'm not knocking anybody on this. I'm not criticising anybody, I'm just stating a fact and an opinion, so please don't think that I'm criticising anybody on this. It's just something that I've observed and I want to share it with you, and it's all about the experts out there. Now, how many people out there who are on TV shows, news channels, write in papers, write online, bankers, brokers, how many of those people who are considered to be experts in the financial and the Forex market, how many of them actually really, honestly trade live and make money from their trading?

Received an email from an expert who has never traded

The reason I want to talk about that is that I've received an email, just this morning. Now, I'm obviously, for privacy reasons, not going to disclose names or companies involved, but this person's looking for help with their trading. Now, the great thing is, they've asked for help, and that's fantastic, and I applaud this guy for coming to me and asking for help. That is really, really good. The interesting thing … and again, before I say this, it's not a criticism, I'm not knocking anybody. The interesting thing is, this guy says on here that, “The truth is, I have never actually traded. I was a broker in London, a corporate dealer at a bank in London,” and tells me how he was working there. But he said, “I've never actually traded and I'm trying to find out how to trade,” and he said, “I'm trying to cut through all the bullshit that's out there online and you seem the real deal.”

So again, that's very commendable that he's admitting that he's never traded, but my point being is that.

We read the comments and view the sites from the experts.

We all see online people out there writing articles. Now, this guy also is an analyst and an editor for a very, very famous and well-respected and excellent Forex website. It got me thinking with, you know, when we see people on the news, on the CNBCs and the Reuters et cetera, the Bloombergs, when we read articles online, when we see articles in newspapers by these experts, how many of them actually really do trade? They write some amazing bits of script, and fundamental analysis, and some technical analysis.

Don’t you want to follow a real trader?

They write some great stuff but the difference is, is that you want to learn how to trade for yourself, so if you want to learn to trade for yourself, why don't you find someone to help you, who actually trades for themselves?

That's where we pride ourselves. We trade daily, we publish daily trades for clients, specific trades, we take trades live on our live webinars on live accounts, we publish and post trades live in real-time on our forum site. There's a huge amount out there that looks great in theory but is very, very difficult to either trade of to make money from in real-time. That's where I think that we're very, very different to a lot of people.

We trade live daily

I'm recording this from my home office. We are real people, real traders, doing the trading, doing what you want to do, so if it's something that you're interested in, to learn how to trade for yourself, doesn't it make sense to ask someone who's already doing that?

So I hope that helps. This is Andrew Mitchem, The Forex Trading Coach. I'll see you this time next week.

Click here to know more about my Forex Coaching Course

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#288: Don’t go blaming the market

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Don’t go blaming the market

In this weekly video:
00:24 – A lot of disgruntled traders out there
01:35 – If you cannot make money – it’s your problem
02:14 – The 80/20 rule – which are you?
02:54 – The hard sell?
03:50 – If you do want to join us – wow!

You shouldn't blame the market if you are an unsuccessful Forex trader. Let's talk about that and more right now.

Hey Forex traders, Andrew Mitchem, here. The Forex Trading Coach video and podcast number 288.

A lot of disgruntled traders out there

Now, I don't know what's happening out there, maybe it's because we're around two-thirds of the way through the year, but there seems to be a lot of disgruntled people out there in the Forex market.

And this past week I've just had no end of emails from non-clients. All asking about the Forex market, how can you make money, or it's impossible to make money or accusing me of selling unrealistic dreams about being a full-time trader. Or just saying that the Forex market's rigged or the brokers are against you. All these kind of things. They're not making money so it's either their … it seems to be my fault this week. But I'm really not sure what's wrong with some of these thoughts, because it's a real negative and backwards and losing kind of mentality if you're out there. And you're trying to find someone else to blame for your inability to make money as a trader.

But unfortunately, I don't know whether it's a social media thing, but people seem to be really, really good at trying to blame everybody else for their own problems. This is no different actually and I think that we need to be brutally honest about this.

If you cannot make money – it’s your problem

If you can't make money as a trader that's your problem. You can't blame the market, you can't blame me, you can't blame someone else. It's your problem.

 So what are you going to do about it? And that's really what it comes down to, because I kind of, I get these emails quite often, but like I said, right now this time of year, maybe it's the end of August and people realizing that we're only a few months to the end of another year and yet again they've been disappointed with the results. Possibly that's what it is. I'm not sure.

Luckily my own clients are far from that, but it's only non-clients that are writing to me with this.

The 80/20 rule – which are you?

So think about the 80/20 rule, you probably heard about it, it's all over the place. Probably around 80% of the profits are made by 20% of the traders or 80% of the people who don't do anything about not being successful and 20% are the people who go and take action. And rather whingeing they actually do something about it. You got to really sort of think about that and say, “Which side of that do I want to be on?” Am I the person that's going to sit there on Facebook and Twitter and stuff or moan to someone like myself that the markets rigged and they're not making money. Or are you going to be one of the 20% that actually do something about it?

The hard sell?

That's what it comes down to. You see I've been accused by another person this week of putting out the hard sell of this selling my course and things like that. Well, if you want to just think like that and if you want to criticize then go for it, it doesn't bother me. I put a lot of effort into helping people with sort of free webinars, with calculators, with eBooks, etc. A lot of information out there with these weekly videos to try to help people for absolutely nothing. I don't want anything from it, from you for what I put out there at all.

 I take that philosophy of, “Look, if you want to join absolutely great, if you don't absolutely great also,” it doesn't bother me. We're doing really well, we've got an amazing group of traders doing very, very well, very successful. And if people don't want to join, don't join. Doesn't bother me. It really doesn't matter.

If you do want to join us – wow!

But on the other hand, if you do want to join well, look out. You've got some exciting news coming for you and exciting future coming for you, because for those people who do want to join and do want to commit and take action and better themselves and better their trading, wow, we got some cool news for you.

Everything that we possibly can do to help you becoming successful is what we do. We put in so much time and effort into really striving to get every single client of ours successful. That's our aim. It really comes down to that. If you want to join us there's everything that we will do in our power to make you successful. So have a think about that. It comes down to your attitude and what you want to do about it, but whichever way you go, don't blame the market, it's not the market's fault, it's yours. So blunt, but true.

So hope that helps. Once again this is Andrew Mitchem, the Forex trading Coach, see you this time next week.

Click here to know more about my Forex Coaching Course

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#287: How many indicators should you use?

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How many indicators should you use?

In this weekly video:
00:26 – Most traders use indicators incorrectly
01:51 –  Why do you use all of those indicators?
03:26 – Forex indicators and how they can help the trader
04:38 – Pivot points and Support & Resistance levels plotted automatically
05:09 – I don’t like most indicators
06:10 – Don’t clutter your charts

How many indicators should you put on your charts as a Forex trader? Let's talk about that and more right now.

Hi, Forex traders. Andrew Mitchem here, The Forex Trading Coach video and podcast 287.

Most traders use indicators incorrectly

We're going to talk about indicators. Most people use indicators in the wrong way, and most people over-clutter their chance with indicators. They cause confusion and when you start you like to see lots of nice arrows and lines and things on your charts because you think that's what you need to put on your charts in order to give yourself an understanding of what's happening in the market. Now, pretty much that's not true, but, unfortunately, that's the process and the journey that most people, including myself when I started, go through as a Forex trader.

You soon start to realize and discover that most indicators out there aren't actually much good. And you'd know if you'd been listening or watching me for many years, that you'd know that I generally say that I'm not a fan of most indicators out there. Lots of reasons why. The confusion side of things, they lag what's already happened. They tell you what's happened in the past. Most indicators don't really give you much of an indication of what's likely to happen. They all sort of make some form of average over what's already happened. Well, that's too late. People get confused with an indicator saying a buy on this timeframe and a sell on that timeframe. So that causes confusion.

Also, when you actually look into the history of most indicators out there, most of them were written well before the mainstream Forex market was even … so that people were using them on MT4 platforms, et cetera. So most of them were written for other markets than the Forex market.

Why do you use all of those indicators?

But then, last week somebody wrote a comment on I think it was YouTube, on one of my posts, and said, “Hey, Andrew. You're always telling us you don't like indicators, yet your charts here are full of indicators. What's going on?” Really easy response and reply to that. Well, I find what I use useful. It's the software that I provide to my clients with my coaching course.

But think about it this way, when you're driving a car and you've been driving for any length of time, you know how fast you're going, pretty much. You can tell what speed you're going, roughly, within a few kilometers. If you've got your lights on, you know you'd need your lights on because it's dark. But there's a light inside on the dashboard telling you that you've got your lights on, or the beams on. There's a light in there telling you when your wipers are on. Well, you can see because it's raining and your wipers are moving. But there's still a light there telling you things like that. There's a line there or a needle, dial, moving up and down with the revs that you're going through. Well, if you're revving with your foot down on the pedal, you can hear that the engine's revving faster or you're going uphill. So you kind of know that.

If you're in a manual car or an automatic car and you're changing gears or it does it for, you kind of know what gear you're in. You're on open road, cruising along as the 100 kilometers an hour, you know you're probably in top gear. But there's something on your car that tells you. Why does it do it? Well, it helps to give you an idea of what's happening. It takes the pressure and the workload off the driver. All things like that.

Forex indicators and how they can help the trader

And so, really, bringing that back to the Forex market and what you see behind me on the charts, is no different. I've got things there that help give confirmation. I've got arrows on my chart that tell me what type of candle we've just had. Are we looking at engulfing candles, outside bars, pin bars, hanging men? Those type of things.

I can see those but they help to take the workload off and help alert me to certain things happening on the charts. When I have round numbers plotted horizontal levels, I can see that the price is stalled at a round number. But by having it on there it just helps to alert my eye. It makes things easier for me. I don't need to have to have it but it helps to alert me. When I see divergent showing, I can see the divergent showing. But again, by having it plotted there in real time, and I get candle patterns happening at round numbers, with divergence, it helps to make things quicker to scan through the charts and easier for me to get an idea of what's in the market.

So that's why I have a certain number of indicators on my charts. Not because of absolutely necessity, needing them, but because they make my life so much easier. And that's why I provide them to clients.

Pivot points and Support & Resistance levels plotted automatically

The only thing that I have that I really would struggle to use without having this indicator is the pivot point and support and resistance levels. Now, traditionally, many years ago, you'd have calculated all those figures and plotted them on your charts each day. Now, I don't want to do that. So my software does that automatically for me every time the new day changes over, and it plots them on all different timeframe charts. Again, yes, I could go and do that manually. But why would I when the software can do it automatically for me?

I don’t like most indicators

So when you hear me saying, “Well, I don't like most traditional indicators,” that is still true. However, I don't trade completely blindly or naked trading as some people call it, when all you're doing is seeing the price or just the candles showing. Because to me, you do need a little bit more. So indicators are important if you use a select few that work for you. I've found, over the last 15 years, that I've stuck with the same ones that work really well for me and with thousands of clients, for thousands of clients all around the world.

That's because that helps me to say, “Well, this candle pattern that I'm looking for, what part of the chart is it in? Where is it bouncing? What's happened previously? Do we have divergence? Are we overbought, oversold?” All those type of things. “Where can we put our stop loss to give us a good, safe level? Is there room to move to our profit target?” All those type of things. And that's the way that I like to use the select few indicators that I have.

Don’t clutter your charts

So I hope that helps. Don't go cluttering your charts with all sorts of combinations of moving the parameters and things of indicators, because it generally leads to confusion. You've heard the phrase “analysis paralysis”? You're sure to get there if you put too many charts or too many different indicators on your charts. Just stick to a few basic ones that really help you with your strategy. So that's the important key.

So this is Andrew Mitchem, The Forex Trading Coach. I'll see you this time next week.

Click here to know more about my Forex Coaching Course

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#286: Why you need patience to trade well

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Why you need patience to trade well

In this weekly video:

00:25 – Good trading is boring
00:50 – Trading examples from this week
01:57 – How do we trade these market conditions?
02:29 – Trading different time frame charts
03:19 – Live trading room webinar and examples shown to clients
04:04 – Don’t just look at one time frame chart

Having patience, as a trader, is one of the keys to your success. Let's talk about that and more right now.

Hi Forex traders, it's Andrew Mitchem here, the owner of the Forex Trading Coach, with video and podcast number 286.

Good trading is boring

Now, a statement that I like to make quite often is that good trading is boring. Don't take that the wrong way. Trading is fantastic and it's fascinating. I love it; I've been doing it for years. But good trading is actually boring. You see, you have to have patience, and patience means that you have to be disciplined and wait for the good trade setups.

Now, it's quite hard to do in real time and that's where a lot of people struggle.

Trading examples from this week

But I'll give you an example. In the last six days, I have taken no trades on the daily charts. There were two today, being Friday, but previously to that, for the last six days, I have posted and taken no trades at all on the daily charts.

And that is one of the timeframes that I love trading. And so going forward day after day after day is … you think, “Well, I should be taking something.” And as a trader, we kind of feel that we should be taking trades because that's what we feel we're good at; that's what we feel we should do. We feel that we have to force trade sometimes, and it's a very big danger.

The catch is that a lot of traders … Go back and have a look at the daily charts over the last six days, and you'll see that almost all trades have been either big, strong movements down, such as like the euro and the pound, and the kiwi and the Aussie against the US, all been indecision bars … have been very little to take as a new trade for either a continuation trade after a pullback or a reversal.  Been a couple today that look okay, but previous to that, not a great deal has happened.

How do we trade these market conditions?

What do we do about that? Well, first of all, my real job as a Forex trader is to preserve my capital, and that's the important thing. There's no good just taking trades, just for the sake of taking some trades, because ultimately what you're going to do, is probably have more losing trades than winning trades that way. And guaranteed what you are going to do is please your broker because all you're going to be doing is feeding your broker's back pocket by taking the money out of your account unnecessarily, by taking trades that you shouldn't take.

Trading different time frame charts

When I was on my live webinar with my clients last night, we talked about this and thought, “Well, what else do we do? What else can we practically go and do out there?” Well, last week I suggested four trades to my clients based on the weekly charts. All four of them went and hit their profit target. This week, I've taken a buy trade on the US Canadian dollar based on the weekly charts, and again suggested to my clients on Monday. And that trade right now is up about 1.6 to one. So if you'd done nothing else than risked half of one percent on that one trade, and it re-traced beautifully, got in a buy trade, and now it's moved up very, very nicely, it would have made you, right now, as I'm recording this, over 0.8% account return just from that one trade. So there are always opportunities out there.

Live trading room webinar and examples shown to clients

Now on the webinar last night, I also shared with my clients a number of trades that I've taken and other clients have taken and posted on our forum site and emailed through to me, based on the eight- and 12-hour charts.  Now I've created software that works on the MT4 platform.  My clients have all the software. It allows us to trade the offline charts, the non-standard charts, such as six-hour charts, eight-hour charts, 12-hour chats on the MT4, MetaTrader 4 platform. Fantastic trade setups on those timeframes from time-to-time

This week, the eight-hour charts have been particularly good. A number of high probability, high reward-to-risk trades that we've taken, and we've made some great money from it. So think of it this way.

Don’t just look at one time frame chart

You know, don't just look at one timeframe chart. If all you want to do is say, look at the hour chart or four-hour chart, or only at the daily chart, and nothing happens, that's when the temptation or nothing shows. That's when the temptation is to start taking bad quality, low probability, trades. So my suggestion is that you have a look at a variety of different timeframes because, depending on the week and depending on the conditions, the quality of trades may or may not be there just on one timeframe.  So as I've mentioned this week, nothing at all really until today on the daily chats, yet the 12-hour charts and to a bigger extent, the eight-hour charts, just a tremendous amount of really high quality trades.

So patience is the key; being disciplined is the key; preserving your capital is the key. Taking high quality, high reward-to-risk, high probability trades is the key. Don't just go out there forcing trades, feeling that, just because you're set at your charts, you have to take a trade. That is not the way that you're gonna become longterm profitable. So think about that, and remember, good trading is actually boring because you're doing the same thing methodically, looking for those high quality trade setups.

So once again, this is Andrew Mitchem, the Forex Trading Coach. Have a great weekend. I'll see you back here this time next week for more trading tips and information. Bye for now.

Click here to know more about my Forex Coaching Course

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#285: Trading by yourself can be dangerous

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Trading by yourself can be dangerous

In this weekly video:
00:39 – The downside of trading by yourself
01:55 –  What can you do to help with this problem?
02:47 – Local trading groups – should you join them?
03:58 – Consistent feedback about our trading community and support
05:08 – Our clients forum site and its value
05:56 – Great technical support and help
06:16 – Weekly live webinars to attend
07:11 – You don’t need to trade alone

I'm going to talk about why trading by yourself can be quite detrimental to your own trading success. Let's get into that and more right now.

Hi Forex Traders, Andrew Mitchem here, the Forex Trading Coach video and podcast number 285.

And I brought the video outside. Nice spring day here. A blossom behind as you can see. A nice feeling, now we're into August in the southern hemisphere, that spring's just around the corner and looking forward to a great spring and summer time.

The downside of trading by yourself

But back to the trading video. Trading by yourself can be quite dangerous, and really the effects of training by yourself can really turn a lot of people off trading. And a number of reasons why. How many people do you know who actively trade? How many people do you know who actually know what it is that you do when you're talking about trading? How many of you have got a partner or a spouse who really doesn't like you trading?

I had a guy just yesterday emailed me and said, Andrew, can I pay by anything else but credit card? And I said yes, but why? And he said, look, I just don't want my wife to find out that I'm getting into trading. And I've thought about that. I thought that's actually really quite dangerous, because if you don't have the support of people around you, then it can be, not very positive, because you're doing this thing that people think is gambling or you don't know what you're doing or you're being stupid with your money, risking too much, whatever it might be. But that's the perception that people who don't have that knowledge and education about trading get into, and it's not good. And it has a massive, negative effect on your own probability of being successful yourself.

What can you do to help with this problem?

Look, what can you do about this? Well, the obvious one is the online thing, but forums as you know, most forums are pretty much dominated by people who don't know what they're doing. And that's the danger that I've always found with forums myself. They get dominated by those people who think that they want to write a thousand posts in a weekend, look really, really cool, but realistically they're not trading, and they don't understand trading, but they're real quick to put down other people. Generally not a good way of succeeding for you or for learning or having that positive impact on your trading.

And the other thing is also found with forums is that it's so easy for people to, someone types in a new strategy and everybody jumps on that bandwagon and wants to get into that and talk about that new latest thing. And of course, that's not a great way either of trading.

Local trading groups – should you join them?

So the other thing you could do is look for local trading groups near where you live. I tried that years ago, probably 10 plus years ago, and it was a disaster. Nice people, but there was people who, couple who traded Forex and trading all sorts of other things. But there was just basically a group of old men together, who sat in a room and talked technical analysis about what's already happened. I found that I got no benefit from that at all. Because no one really was prepared to give away their real strategy. They all gave me little bits of it and most of it for me wasn't about the Forex market anyway.

The other problem I found, which was quite funny when you think about it, which these meetings that I went to, and I only went to a few, were held in my evening time, which is in the European session. Well, if these guys were real traders, wouldn't they be trading in the European session? Not just all sitting around in a hall having a chat about their amazing strategy. So I found personally no benefit in that at all. And you may or may not find that with any groups that you go to that are physical groups.

Consistent feedback about our trading community and support

So what can I help you with that? Well with my course, the amazing feedback that we get consistently is how good the support is, how good the community is. And you can have a look on, say, Forex Peace Army, there's over nine years of reviews on Forex Peace Army. We're still averaging a five star review and that's as high as you can get. And we're really proud of that because we put so much effort into making this work for people. The support, like on top of the actual strategy itself, which of course is the number one most important thing. On top of the strategy and the software that we help overlay on your mp4 platform is the support and the help that we give. And it comes in a few formats.

Well, each day you can log in to view the daily trades that I'm placing on the daily charts themselves with the exact entry and exit levels. So you can learn as you go. So that's the kind of support that because it's a realistic, see the chart, I can see the chart, you can see the chart, you can get to see what I'm seeing and why we're placing the trades. We also place trades on weekly charts and monthly charts at the beginning of each week and each month, so that helps you to gain that ongoing real time learning of the actual trading.

Our clients forum site and its value

But on top of that, we've got much more. We've got an amazing forum site. Now I know of just rubbish forum sites. But our forum site is unbelievable. There's thousands of people on that forum site. All there plotting different charts, setups, different trade setups in real time. There's a chat area that people can help each other out with. We contribute to that myself and Paul. I want to contribute to that so everybody gets their questions answered. We're taking trades. I put two trades on it just yesterday on the 12 hour charts to sell trade on the euro franc, a sell trade on the euro yen. Paul placed an eight hour chart trade there just yesterday. All three of them have made money. All you had to do is go there and go, yeah, these look good setups. I liked that what these boys are saying, and take the trades and learn from that. And not only learn but profit. So there's that as well.

Great technical support and help

I've got a great technical support. We've got Mhel who lives over in the Philippines. Absolute tech wizard, can help jump onto a screen share webinar with you if you're having issues with mp4 or can't get the software to work or anything like that. So there's that kind of support.

Weekly live webinars to attend

Plus of course we have weekly live two hour webinars. Now, Paul over in America holds a webinar every second week in the US time zone. I hold a webinar in the European time zone, which is my evening here in New Zealand, every two weeks. You've got recordings going back to 2010, massive, massive library of valuable information, all recorded live. And of course ongoing, you can attend all of these live. We're placing trades, we're talking about trading, we're answering  questions, all these things in real time. It's really interactive. You can jump on board and in typing questions and say, Hey, Andrew, look, I took this trade. It didn't work. Why? What was the issue? What should I had seen? Or Andrew, look, I'm taking this trade right now and what do you think of it? All those kinds of things?

So the support of course, on top of that we have a support site and we have email support.

You don’t need to trade alone

So the point of this is you don't need to be trading just by yourself. Sit there at home, tucked away in a room somewhere in your house or on your laptop or feeling like you shouldn't be trading because you don't have support or you're kind of jumping and chopping and changing systems. That's not a good way to your longterm success. Joining in with a bunch of fantastic people all around the world, different time zones, all who are focusing on the same strategy. And why? Well, because it works.

If you'd like to join us, you're more than welcome. Great to have you on board. I'm going to put a link below this video and podcast and it'd be great to have you join us and add to the success from the thousands of thousands of traders worldwide.

So once again, this is Andrew Mitchem, the Forex Trading Coach. I see you this time next week.

Click here to know more about my Forex Coaching Course

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