Online Forex Trading Course

Online Forex Trading Course
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By The Forex Trading Coach

  1. 8 hrs ago

    #636: The Trading Mistake That’s Costing Beginners Years of Progress

    The Trading Mistake That’s Costing Beginners Years of Progress  Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Attend my Free Masterclass #636: The Trading Mistake That’s Costing Beginners Years of Progress In this video: 00:29 – We don’t spend all day looking at charts. 00:40 – Learning how to trade properly. 01:22 – The elephant is too big to eat at once. 02:30 – Little and often is the fastest way to learn. 03:24 – Don’t compare yourself with an experienced trader. 04:17 – You won’t become a full-time trader by next week. 05:22 – Bradley’s video testimonial. 06:12 – Blueberry Markets as a Forex Broker. 07:00 – Find someone to follow. How do you eat an elephant? Well, you eat it in the same way as you learn to trade the forex market. I’m going to share details about how you can eat the elephant and learn to trade properly in this week’s video and podcast. Let’s get into it right now. Andrew Mitchem here, The Forex Trading Coach with video and podcast number 636. We don’t spend all day looking at charts. Outside on another beautiful winter’s day here in Nelson in New Zealand. The beauty of trading, of course, is that you are not sitting looking at your charts all day. Learning how to trade properly. But the issue that people have is that they don’t know how to start. And so I liken learning to trade as the same as the phrase that you may have heard, and that is how do you eat an elephant? You see, the way that you eat an elephant, not that you’re going to, is 1 bite at a time. And learning to trade forex is exactly the same. You know, many people look at trading and they get overwhelmed with the information out there, you know, charts and indicators and news and not understanding risk management, psychology behind trading, all these things. And the mistake that I see so many people out there doing is they try to learn it all at once. The elephant is too big to eat at once. So the issue that you have to come back to when you’re thinking of the elephant is the elephant’s too big. So you can’t do this all in 1 go. You have to understand what it is that you need to do in order to tackle that elephant, or in this case, the forex market. And you see what people end up doing is they jump from 1 strategy to another. They try to master everything straight away and they get information overload. They become frustrated and it just doesn’t work. So going back to the 1 bite at a time, learn things piece by piece. Learn how the market moves. Break things down. Look at the price. You know how many people, how many of you out there watching or listening to this don’t actually look at the price? I bet there’s a lot of you. Understand risk management. Understand what things like support and resistance are. Understand the movement of different times of the day or the different currency pairs, how they react. Do they react to news announcements or not, or how do they correlate between each other? All these type of things break it down to eating or in this case, learning 1 thing at a time. Little and often is the fastest way to learn. Now consistency beats intensity, and what I mean by that is by doing little bits often, you will soon be amazed how you will soon pick up things. You know you can’t go there eating this elephant in just 1 meal. You’re not going to just keep taking 1 mouthful at a time and expect to eat the elephant. Likewise, you can’t just sit there and cram all this information in like just in a few days and expect to become as good as someone that’s been doing this for a long time. And right now, as an example, I’m, you know, trying to get better at singing, trying to get better at learning to play the guitar. So I’m doing regular lessons online, and I’m learning and doing little bits at a time, learning bar chords. So if you’ve ever played a guitar, you know how difficult bar chords are and what they mean on the fretboard. This is exactly the same. Learn a little bit, say 30 minutes a day when you can to learn these parts and things will soon start to come together. Don’t compare yourself with an experienced trader. The other important thing is not to compare what you are doing and what you’re learning with someone that’s been doing this for a long time. You can’t, for example, look at my trading knowledge and experience and expect to be at that level straight away because I’ve been doing this for like 21-plus years every day. And, you know, but when I started, you know, it was all new. When I started, there was nowhere near the help that there is today. So don’t go out there comparing yourself with real traders or what you perceive online with the TikTokers and, you know, the barely-out-of-school type of people that have traded for a week and tell you how good they are. Whichever ones you’re following, whether it’s a real trader or, you know, getting conned into listening to those guys, you cannot compare yourself with someone that really knows what they’re doing at the beginning. So put the time and the effort and consistency into that. You won’t become a full-time trader by next week. And the other thing I’d say is don’t worry about becoming a full-time trader tomorrow. It’s not going to happen. Don’t go giving up your job tomorrow. Don’t expect to become a multi-millionaire tomorrow out of this, or even next week or even next year. You know, give yourself time to do this. It is not a race. If it’s a race for you, you shouldn’t be doing it. And if it’s a race for you because you think it’s going to solve all your life’s financial problems, you probably shouldn’t be doing it either. What you should do is treat this realistically, small bits at a time, learn the skill, master the skill, and over time look honestly, it is the best thing there is. But it takes time. It’s like all these things I’ve mentioned to you many times I’ve done in my life. Flying a helicopter has probably been the best example. It is 1 of the best things I have ever done, but it takes time to get there. Otherwise it’s going to go wrong. So take your time. Do this thing properly. It’s a journey. It’s not a race out there. The market is not going anywhere. Trading is not going anywhere. You have time to do this. You have time to put in to learn how to do this properly. Bradley’s video testimonial. And I’ve just released a few new testimonials from clients, and 1 of them is from Bradley, who lives across in Perth in Western Australia, and he’d been trading for 8 years before he found us. And now, a year later, after he’s joined us, he’s doing so well. But have a look at videos like that and learn from people who are out there that have spent time doing the groundwork, doing the homework. And it works. So coming back to the elephant, can you eat the elephant? Yes. Can you tackle, as in like, you know, not literally, but, you know, can you learn to trade the forex market? Yes. Take it 1 bite-size piece at a time. Take it slowly. Be consistent, be realistic, and don’t gorge yourself on information as in, don’t try to learn everything like in a weekend and take your time. Ask questions. Seek help. It will work. Blueberry Markets as a Forex Broker. If you’re out there looking for a really good forex broker, I can highly recommend Blueberry Markets over in Australia. But, you know, it doesn’t matter where you live in the world. Most people who are trading forex, with the exception of a few countries like the US, etc., but pretty much everybody else can trade through Blueberry Markets. There’s lots of brokers out there. I personally use other brokers as well as Blueberry Markets, but they are my preferred broker and it’s where I have my main trading accounts. I think they’re really good. They offer the MT4 and especially the MT5 platform. But 1 thing that stands them apart is not only their spreads and execution and withdrawal speed, it’s the quality of their customer service. Outstanding people. Have a look at them if you’re out there looking for a good broker. So once again, take your time. If you’re out there learning to trade, don’t jump onto every forum. Find someone to follow. Don’t clutter your charts with millions of indicators and don’t chop and change systems. Find someone out there that’s got a proven system that’s been around for years, that works across all markets, all time frame charts, and doesn’t require you to sit in front of the charts all day long. Now, yes, when you’re starting, put some time and effort into learning. But once you’re doing it, get outside and enjoy the beautiful place that we live in. And, you know, trading takes care of itself. So hope it helps. This is Andrew here at The Forex Trading Coach. I’ll see you this time next week. Bye for now. Episode Title: #636: The Trading Mistake That’s Costing Beginners Years of Progress Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Attend my Free Masterclass

    8 min

  2. May 31

    #635: These 2000-Year-Old Lessons Will Improve Your Trading

    These 2000-Year-Old Lessons Will Improve Your Trading  Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Attend my Free Masterclass #635: These 2000-Year-Old Lessons Will Improve Your Trading In this video: 00:28 – Greek Mythology and your trading success. 00:51 – Too much confidence can blow an account. 01:57 – Obsession with money. 02:43 – You don’t need a degree to become a good trader. 03:12 – 2 new testimonial videos from our clients. 04:12 – My farming background has helped me to become a good trader 04:41 – Blueberry Markets as a Forex Broker. 05:30 – Give me your feedback and request for trading topics. Do you realize that trading and Greek mythology are so highly correlated? I want to talk about that and give you some quotes and see how they relate to trading and your success in this video and podcast. Let’s get into it right now. Hey there, Traders! It’s Andrew Mitchem here at The Forex Trading Coach with video and podcast number 635. Greek Mythology and your trading success. So today something different because I want to talk about Greek mythology and how it relates to your trading success and how you approach the markets. You see people control the markets, emotions control the markets. And those same traits can be seen in Greek mythology, you know, from thousands of years ago. Too much confidence can blow an account. Give you an example. If you look at Icarus flying too close to the sun, that can be related to, say, like traders who are over trading, over leveraging, you know, their confidence becomes too much and they then blow their account because of doing silly things. You know, they’re ignoring risk management rules and you get disaster. Exactly like Icarus flying too close to the sun with confidence. You can look at Odysseus and, you know, the principles of trading with discipline. You know, look at your trading as a long journey and how to gain patience when under pressure. Sticking to your trading plan despite distractions that you may have. You’ve got the example of sirens and market noise, and you know you’ve got social media tips out there telling you what to do. You get people saying, this is a guaranteed trade set up. You get, you know, emotional temptations pulling you away from your strategy because you’re out there on forum sites looking at other things. So you’ve got all those kind of issues going on there. Obsession with money. You’ve got King Midas obsession with profits, you know, just looking at money, money, money. Whenever people do backtesting, they always pick the 1 with the, you know, the most money and you then get away from, you know, what you really need as a trader, which is consistency as well so people forget that. Achilles, so the Achilles heel your trading psychology becomes your weakness. You know, revenge trading, fear of missing out potentially like refusing to accept losses. All those type of things. So really important that you think about these, you know, principles that have been around for thousands and thousands of years and how they can help you with your trading. Markets, you know, are new, but emotions are not. Emotions have been there forever. You don’t need a degree to become a good trader. So the best traders out there, they’re not necessarily the smartest ones. And I find this with my, you know, with my students. And when I say smart, they don’t have to have all the bits of paper and been to the best universities and all that type of thing, that does not make the best traders. The best traders are the ones that can master themselves, control their emotions, stick to plans, be disciplined, show up, turn up and you’ll find that they become the best traders. 2 new testimonial videos from our clients. Some great examples of that on my website. Just in the last week, we’ve added 2 new reviews and testimonials from clients and the guy. Pete’s been with me for 10 years. I met Pete in person a few weeks ago when I was over in Bali. And, you know, have a listen to that review. There’s Ryan, who’s a real estate agent here in New Zealand. Have a listen to his review. Just a family guy with 2 young kids doing really well through his trading by turning up, showing up, sticking to the discipline and rules and, you know, being a self-employed person, like, you know, like a commission agent, like a real estate agent is, you know, he understands that not every trade will be perfect. He understands that you can put lots of time into trading for maybe like a day or a week or, you know, and the results aren’t always going to be perfect. So I think it takes a special kind of person like that to really trade well. My farming background has helped me to become a good trader I come from originally a farming background, you know, I understand that, that things are tough. You’re, you know, you put the effort in, you plan, you discipline, you know, and you show up. And that’s what trading is all about. You don’t have to have, like I said, you know, the most qualifications. You don’t need to be super, super smart to do this. You just need to control your emotions and understand what’s needed and required. So I hope that helps. Blueberry Markets as a Forex Broker If you are there looking for a very good forex broker, I can highly recommend Blueberry Markets. I’ll put a link to them there based across in Australia, but traders from right around the world can open an account with Blueberry Markets. I’ve been with them since they started and I know some of their team from prior to when Blueberry was created. And you won’t find better customer service in terms of speed and efficiency, etc. I find them really good, and I think it’s 1 broker that you should consider having a look at if you’re out there looking for a good forex broker. But of course now with MT5 you can trade other markets like the metals, cryptos, commodities, indices, which we do as well. So have a look at Blueberry Markets. Have a look at those 2 reviews on my website as well. Give me your feedback and request for trading topics And any topics you’d like me to discuss on future videos and podcasts. Just like this 1. I’m here to help. Here to listen to what you want and to help you with your trading. After all, we’ve been doing this for 17 years at The Forex Trading Coach. We have successful clients in 111 countries around the world. If you’d like to come on board and join us in our community, you know where to find us at TheForexTradingCoach.com and I see you this time next week. Bye for now. Episode Title: #635: These 2000-Year-Old Lessons Will Improve Your Trading Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Attend my Free Masterclass

    6 min

  3. May 24

    #634: The Trading Community That Changed Everything

    The Trading Community That Changed Everything  Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Attend my Free Masterclass #634: The Trading Community That Changed Everything In this video: 00:28 – 9 days as a guest trader in Bali. 01:35 – 15 traders trading live in front of an audience. 02:15 – October 2027 is the next trading retreat date. 02:25 – My big takeaway is the power of our trading community. 04:45 – View our new look website and Masterclass. 04:56 – Blueberry Markets as a Forex Broker. 05:40 – Real people, community and communication. Communication in any form of life is so important. And in trading is absolutely vital. And I want to talk about that really important topic right now. This is Andrew Mitchem here, The Forex Trading Coach with video and podcast number 634. 9 days as a guest trader in Bali. Back home here in New Zealand. Beautiful autumn day after spending 9 days in Bali at a trading retreat. It was a fantastic retreat and I want to share some information about that. I was invited over there as a guest trader and there were around 60 learning traders there and about 15 traders from around the world, of which I was one. We were all there to help the people learn, but also to just offer our experience and our knowledge and to talk to each other and learn from each other. And it was a really, genuinely great event where people were just sharing information and ideas. And when people do that, you realize that obviously there’s more than 1 way to trade, and people have different ideas of how they view the market, and there’s no right way to trade. There’s lots of wrong ways to trade. But by talking about this with other traders and just seeing their perspective, you know, we were all sharing ideas and all learning and it was massively valuable. And I gave several presentations over there. 15 traders trading live in front of an audience. And the other thing that was so good about the retreat was the 15 traders. We were all trading for the 5 days, Monday through to Friday during the Asian session, the European session and the US session. So there was nothing hidden. You know, when we saw trades, we identified the trades, we placed it, people could see them live. There was none of this, you know, TikTok, YouTube stuff where, you know, people are showing you, you know, the 1 trade out of 100 that works. We were all there together in real time, real markets. And, you know, with the pressure of doing that in front of all these traders and, you know, and the people learning as well. And so it was a fascinating experience to be there. October 2027 is the next trading retreat date. Now, on a side note, we are looking at getting more of our Forex Trading Coach clients to their next retreat, which is likely to be October 2027. My big takeaway is the power of our trading community. But the information that I got out of it when I shared what we do at The Forex Trading Coach and the bit that people really thought was so powerful is, of course, not just a strategy. And by the way, we took some great trades. I had some, you know, some lovely trades across different markets and time frames live for that week. That was great. But the bit that people resonated with and people picked up on was the power of our community of traders. And I think that’s something that’s so underestimated. If you don’t trade properly and you don’t appreciate it. You see, trading is a very lonely business. You’re sitting there at home or wherever you do your trading from. Most people don’t thoroughly understand what you do. They don’t really get it. And people say to me, are you trading shares or something? No, it’s completely different. But, you know, people just don’t get it and that’s fine. It’s not for everybody. But the issue that I see that so many people out there face is they don’t have that communication and that way of contacting other people. And it’s 1 thing that the traders there at that retreat in Bali were so impressed with what we offer at The Forex Trading Coach, you know, with our forum site where we’ve got traders from right around the world, you know, from 111 countries over the last 17 years. And by the way, it’s our 17th birthday this week right now. So we’re very proud of that as well. But you know, we are all there to help each other. No 1 dominates. No 1 takes over. Everybody is there to share trades to help each other, no matter where you live in the world. And I think that along with our live weekly webinars where we’re trading in front of our clients and people can ask questions and we talk about trades and shows that we’re really doing this and we’re real people and we’re genuinely there to help each other. And so all our clients and, you know, we’re really careful not to have that bad apple, you know, that ruins it for everybody. That doesn’t happen. And it’s something we’ve been, you know, really proud of over those 17 years that we are there as a family and a community of traders, all trading the 1 strategy and helping each other. As mentioned, if you’re new to trading, you probably won’t appreciate how big that really is. If you’ve been trading for any length of time and you’re stuck online on just generic forums and things like that, you’re going to realize that a real forum, real communication, real people taking real trades is an absolute, you know, it’s rare out there and it’s something that we pride ourselves on. View our new look website and Masterclass. So if you’d like to find out more, have a look at my website, TheForexTradingCoach.com. You can go on to our free masterclass where you can find out about how we trade and how we help our clients succeed. Blueberry Markets as a Forex Broker. And if you’re out there looking for a really good forex broker that also offers other markets such as the cryptos, metals, commodities, indices, which we trade, all because the strategy works across all those markets and all time frames. It’s Blueberry Markets. They offer the MT5 platform. And of course that’s so much better with more markets and also more time frame charts. You know, I love trading, say like the 12 hour and the 8 hour and a 6 hour charts which are not readily available on most other platforms, not even MT4, although we do have software that allows our traders on MT4 to use those time frame charts with a clever bit of software that we’ve got. But the beauty of MT5 is it’s already built in, so you don’t have to worry about that. Real people, community and communication. So in summary, communication is key, having like minded people around you is key. Real people trading properly and doing well is key. It’s quite rare, but we offer that. If you’d like to find out more, contact me, Andrew@TheForexTradingCoach.com or like I said, jump on to my website. Or better still, onto the short masterclass to find out more. I see you this time next week. Bye for now. Episode Title: #634: The Trading Community That Changed Everything Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Attend my Free Masterclass

    6 min

  4. May 10

    #633: You Can Be Profitable With A 37% Win Rate

    You Can Be Profitable With A 37% Win Rate  Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Attend my Free Masterclass #633: You Can Be Profitable With A 37% Win Rate In this video: 00:43 – Win Rates in Trading and a Simple Example 01:26 – Percentage Risk for a Trade/Risk Management 02:08 – Client Ryan achieves 9% with a 37.6% win rate 02:46 – Outside world win percentages for Roger Federer, 03:15 – Casino games win rate, need 55%+ 03:57 – Sports betting win rate, need 55%+ 04:48 – 95% traders lose, only hear about the 5% winners, winning AND s 05:33 – 2 ways to react to losing trades, one preferred way 06:17 – Taking the good with the bad: celebrate wins and deal with losses How would you like to be a consistent and profitable trader with a win rate in the mid to high 30s or low to mid 40s? Impossible? It’s not. And how do we react to losing trades? Let’s talk about that and more right now. Hello this is Paul Tillman. I’m the Director of Coaching Services at The Forex Trading Coach here at my home in the Raleigh, North Carolina area. And this is video and podcast number 633. I want to talk to you about 2 things: win rates and losing trades. Win Rates in Trading and a Simple Example So win rates which is simply the number of trades you’re winning divided by total number of trades that you are taking. So let’s do a simple example here. Let’s say you take 2 trades. First 2 trades you lose your risking $100 per trade and you’re down $200. Let’s say the 3rd trade that you take is a winning trade. And your reward to risk is 3 to 1, as in your win is 3 times what your loss is. So you’ve won $300 on that trade. Now if we add that up you have 2 losing trades at -200 and 1 winning trade at +300. So you’ve made a net gain of $100. And with 33.3% win rate. Percentage Risk for a Trade/Risk Management And as always we suggest taking a quarter or a half percent risk on the actual trade that you take. Risk management is very key, and so is consistently getting that reward to risk. So you can be a profitable trader at 33.3%. Now if we extrapolate that on all the trades that we take on our live webinars, on our form site and our chat room area for our daily trade suggestions, which is like a newsletter we put out each weekday. Extrapolate that out to tens and hundreds of trades in a year, and you can do very, very well with a win rate that’s much lower than 50%. Client Ryan achieves 9% with a 37.6% win rate In fact, we had a trader, Ryan, who said for his March trades, he made 9% gain at a half percent risk, with an average awarded to risk of 2.6 to 1 across all his trades. And his win rate was 37.6%. So under 40 with a 9% gain in 1 month. That is incredibly good. And if you could do that every month, you know the sky is the limit with regards to firms and trading retirement accounts or whatever it is, you can do fantastically well now in the outside world, that’s very hard to do to be successful at something at under 50%. Outside world win percentages for Roger Federer, Let’s take a few cases here. Roger Federer, who’s arguably my favorite tennis player and I think one of the best of all time, only won about 54%-55% of all points that he played. Which is crazy to think about how many Grand Slam titles and overall titles that he’s won and he’s only done that percentage. Casino games win rate, need 55%+ Now let’s take 2 other different ventures: the casino. A lot of people are going to casinos on cruises, or if there’s casinos where you are and the house always has about a 1% to 5% edge, depending on what game or what type of hands you’re playing, machines, et cetera, etc. so you’ve got to be in that 53% to 55% win rate range just to break even. And the casinos know this and they have that house edge. So it’s built in. But if you can get over 55%, which is rare, and your casino games and everything are set up for you not to do that, especially long term, then you’ll be a consistent winning player of the casino. Sports betting win rate, need 55%+ Let’s take sports betting huge around the world and has been growing in the US the last 5 to 10 years especially. Again, there’s a built in advantage to the casino. If you win 52% – 53% of bets, you’ll break about even that, that juice that they have or that vig as they say, is to the sports books advantage and the casinos. The best bettors in the world only win 55% to 60%. And that’s at the very top. But you can do well if you can achieve that number. So in trading, you know, high 30s, low 40s. Our client Ryan, who’s been with us a couple of years and others are getting right in that, you know, mid to high 30s or low 40s for a win rate. 95% traders lose, only hear about the 5% winners, winning AND losing trades The other one that I want to talk to you about is losing trades. There’s a reason why 95% of traders lose. But you don’t hear about the 95%. You hear about the 5%. If you take a look out there, I’m a proud owner. I’ve got another car. I would have been newer one, but that’s my 2007 Hyundai Santa Fe. It’s got 365,000 miles on it. And you know, I’m just regular guy with a family. And I’m going to show you what winning and losing trades are about, because that’s what most of 98% of us deal with. And we’ll give you the real story. A lot of times on social media, you don’t get what goes on behind the curtain because people only post about the positive things. So I want to give you the true story of trading and how it goes. So losing trades, none of us like to lose. But it does happen. 2 ways to react to losing trades, one preferred way So how do we react to losing trades? What are 2 ways? 1, I made a technical error. I had a deal breaker in my strategy and I traded it. I traded during news. I broke a rule I over risk, I over traded whatever I tried to revenge trade, whatever it is. That’s 1 reason why you also trade. The 2nd reason, and the 1 I prefer the most is you made your analysis, you stuck to your strategy, you kept all the rules, you took the right risk and you took the trade and it lost and the market just simply went against you. That’s the preferable way to trade. That’s a great way to lose a trade. Even though that sounds counterintuitive. Taking the good with the bad: celebrate wins and deal with losses But losing streaks will happen sometimes you’ll have a losing week or a losing month and you just have to deal with that. That’s the reality of trading. As my good friend Darryl says, you have to take the good with the bad in life, and that certainly applies to trading. Take the winning trades, celebrate them, and learn how to deal with the losses. And all together, you’ll have a consistently profitable time of trading, and you can learn the life long skill and have it work in your favor. So that’s it for me. I’m going to go watch Carolina Hurricanes NHL hockey team here in the Raleigh area, going for the Stanley Cup. But yeah, we’ve talked about win rates today and how you can win with much less than 50% and still be consistently profitable. And how do we react? It’s easy to react to a winning trade, but how do we react to losing trade. So that’s it for me. We enjoy this beautiful weather and some hockey and we’ll see you next week here at The Forex Trading Coach. Thanks. Episode Title: #633: You Can Be Profitable With A 37% Win Rate Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Attend my Free Masterclass

    7 min

  5. Apr 26

    #632: The Trading Mistake That Keeps You Broke

    The Trading Mistake That Keeps You Broke  Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Attend my Free Masterclass #632: The Trading Mistake That Keeps You Broke In this video: 00:28 – Too many traders simply over trade. 01:20 – We have so much access to charts. 03:19 – Don’t break your trading strategy and rules. 03:44 – Blueberry Markets as a good broker choice. 04:15 – Bali trading retreat. 05:05 – Don’t force trades. Overtrading can be the absolute killer for many people. And this week’s been a perfect example of why you should not do that. I want to discuss that and more with you right now. Hey there traders! Andrew Mitchem here at The Forex Trading Coach. Outside another beautiful day with video and podcast number 632. Too many traders simply over trade. Now overtrading is a problem that so many people have. You know people get into trading and they want look at the charts. They want to be taking positions. They’re seeing this indicator jump over that one on this dot appear here. And all these different things that look really, really cool. And they go down to very short time frame charts. And they’re so desperate to see trades. And look, I get it. I used to be like that years ago. Don’t forget, when I started we were on dial up internet and when 1 gigabyte a month was a huge data plan. And so when I jumped on the computer and finally got the internet to work. You know, if you my age, you’ll understand and remember the old sound of the dial up internet. The issue that we had then is that because now I’m now online, the kids are asleep type of thing, and now I’ve got a bit of time. I’m forcing a trade. We have so much access to charts. And today we almost have the same problem, but a different scenario that we have so much access to everything. And you can just look on your phone or, you know, and you can just jump online at any stage and you’re forcing trades to happen. And sometimes the very best thing you can do is not to trade. Now, this particular week has been a terrible week for trading. It’s just been like nothing’s showing up on the charts. Very few trades I think I’ve taken 4 trades and it’s now Thursday and there’s hardly anything happening. It’s day after day of scanning through the charts. Just quickly go no, there’s nothing there. And so while sometimes that can feel frustrating, you’ve got to remember that there is no point in taking a trade just for the sake of taking a trade. All you’re doing is giving yourself a really good chance of losing, and you’re feeding your broker more what I call clicky click fees. You know, more commission fees for entering the trade and it’s going against your trading plan that’s going against what you know that you should really do. But you feel as a trader, whether you’re on a prop firm or you’re on an account, you feel that the only way you’re going to grow your account is obviously to take trades. But the reality is in these market situations, less really is more. The market’s been very volatile, obviously with all the things happening in the world. And that’s just getting reflected on the charts with lots of absolute flat, no movement, just day after day after day. And so now of course, there have been some trades and a few trades, but like in general it’s been a terrible week for trading. And so as mentioned, just to accept it, it’s part of trading next week will probably be absolutely brilliant. And it’s just the way it is. So you can’t change it. You can’t like manipulate the market. You can’t do any of these things. You just got to go with what you presented at the time. So the takeaway lesson and the key of this video is that, you know, trading sometimes is not exciting. And that’s the reality of it. And you’ve got to accept that if you’re a real trader. Don’t break your trading strategy and rules. Don’t over trade, don’t force trades, don’t, you know, change your strategy, break your rules just because the market’s not giving you anything, you’re just going to regret it and hate doing it and lose trades. And then, you know, next week when the market, let’s say, does become good, you’re fighting, trying to get profitable trades just to get back to break even from the terrible week you might have had in a week like this, if you’re taking too many positions. So bear that in mind. Blueberry Markets as a good broker choice. If you’re out there looking for a really good forex broker, I can highly recommend Blueberry Markets. They’re based across in Australia, but people from right around the world can trade with them. So a few exceptions like the US and a couple of other countries, but most other people you can trade with Blueberry Markets. Look, there’s heaps of brokers out there and, you know, there’s a lot of not great ones and there’s a few really good ones. And I would classify Blueberry Markets as one of the very best that I’ve ever dealt with. So I’ll put a link to them if you’re interested in them as well. Bali trading retreat. Also to let you know that, this time next week I’ll be on a plane to Bali. I have, I’m going there to be part of a trading retreat, with a 5 trading days of actual live trading in front of people and a couple days at the weekend prior with lots of events and trading, sort of presentations and speakers, etc. So really looking forward to that. I’m very honored to have been asked, as 1 of the traders from 20 traders attending from right around the world, we’re going to be real trading. This is not some expo where we’re all stood there in a, you know, in a booth or a tent and waffling on about trading. This is real trading with professional traders from right around the world and about 80 attendees. So I’ll be making some videos and podcasts from Bali in the next week or so, and bringing you all the information that I can learn from that to pass on to you. Don’t force trades. So, looking forward to that one. But, for now, don’t over trade, don’t force trades. If there’s nothing there, just get outside and do something else. And, there’ll be a trade there soon. This is Andrew here at The Forex Trading Coach. I see you this time next week. Bye for now. Episode Title: #632: The Trading Mistake That Keeps You Broke Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Attend my Free Masterclass

    5 min

  6. Apr 19

    #631: He Took One Course… Now Runs Multiple Prop Accounts

    He Took One Course… Now Runs Multiple Prop Accounts  Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Attend my Free Masterclass #631: He Took One Course… Now Runs Multiple Prop Accounts In this video: 00:28 – We help traders become profitable. 01:20 – Live prop firm trading webinar for our clients. 01:55 – A life changing event joining TFTC. 03:52 – Come and join us at TFTC. 04:28 – Watch my Masterclass. 04:36 – Blueberry Markets as a Forex Broker. Do you know that something as simple as taking a course can change your life? That’s what’s happened to us here at The Forex Trading Coach this week with one of our clients from Singapore. I want to talk about that more right now. Hey there traders! Andrew here at The Forex Trading Coach for video and podcast number 631. We help traders become profitable. At The Forex Trading Coach, our aim is to have all of our clients successful traders and just this week to help out. As an added bonus, we held a 90 minute live prop firm webinar. Now I was joined on the webinar by Ryo. He’s a client of mine who’s been with us since 2021. And he understood the course. He got it. He has put a lot of time and effort in and from 2022 onwards. So for the last 4 years, he has been successfully trading on prop firms. So he’s passing through the challenge stages. He’s on to real money and he’s successful on multiple prop firms. He averages sort of 3 to 5 live prop firms at a time, running solely on the strategy that I taught him back 5 years ago. Live prop firm trading webinar for our clients. Now, to help out our clients, Ryo joined me on the webinar just this week. And he just gave his whole insights into prop firms, you know, the pros and cons of doing it, how he trades on them, the practical aspects of it. You know, what it’s looking for in terms of the strategy, obviously our strategy, but in terms of risk, which trades he takes, which he does, and all that type of thing. And he is incredibly successful at doing this. A life changing event joining TFTC. Now, I’m going to stop now and just jump to about a 1 minute clip from the end of that session, because what Ryo said to me at the end, brought a tear to my eye and he said that joining the course back then in 2021 has been life changing for him. Now, that means so much to me and our other coaches because we genuinely care about our clients and their success. Have a listen to the end of that session right now. I really appreciate your time and your contribution to everybody’s success here. And, I. Mean, I just want to say a personal word as well. I mean, thank you, Andrew, for, you know, I mean, of course, I obviously I didn’t get into this for you, right? I mean, I paid for the course and everything, but I think what is more important is the platform that you have created and you know, the honesty that you have that you have shown over the years. Just being realistic on how trading has actually really changed my life. So I’m really thankful for you. Follow along for this. Hence, I actually put in the effort to try to give back to the community as best as I can. And here what we have now today, and the 95 page document is really a culmination of all my experiences, all my knowledge I can put into it, get it into my pitch, and I hope I can help traders just to pay it forward in a sense. Awesome! That’s very kind of you. That means a lot. And yeah, I think we should stop there. Otherwise I’m going to shed a tear. That means a huge amount there, you know, when you said it’s changed your life and that. And that’s huge. I mean, that’s what we do, what we do, why we do what we do. And I really appreciate that. That’s awesome. Lots of nice comments coming through from people here as well. Thank you so much for your time. So I hope you enjoyed listening to that. As I said earlier, it really meant a lot to me that we have helped change the lives of people, and their families. Come and join us at TFTC. And if you’d like to find out how you can come on board and join our community and beyond webinars like Ryo held for our clients this week. And by the way, he created a 95 page PDF file that all of our clients now have. He’s done that for free. I didn’t ask him to do that. He jumped on the webinar and did that for free. He provided 62 slides and he made them all himself. Got absolutely nothing out of it apart from he now wants to give back because he is doing so well as a result of joining us some 5 years ago. Watch my Masterclass. So if you’d like to do the same, have a look at the masterclass that I have on here. I’ll put a link or straight to the video course page if you’d like to come straight on board with us right now. Blueberry Markets as a Forex Broker. If you’re out there looking for a broker, I can highly recommend Blueberry Markets. I’ve been with them for years. Again, personal contact, I know them, I’ve met them. I’ve been to their offices. I know them in person. I speak to them on a regular basis. And I think in this market, when there are just so many choices and so many videos out there and gurus and experts and brokers and all these different things, it comes back to human contact and having trust in someone that’s out there doing it. And that’s why Ryo is so successful. That’s why we’re successful at not only trading ourselves, but teaching people. And that’s why I can recommend Blueberry Markets. It’s that personal contact that sets us all apart. We care, we genuinely care. We genuinely do this on a day by day basis. If you’d like to join us or Blueberry Markets, have a look at the links here. Don’t forget to like, share and subscribe if you’re watching and I’ll see you this time next week. This is Andrew Mitchem here at The Forex Trading Coach. Bye for now. Episode Title: #631: He Took One Course… Now Runs Multiple Prop Accounts Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Attend my Free Masterclass

    6 min

  7. Apr 12

    #630: The Truth About Full-Time Trading (It’s Not What You Think)

    The Truth About Full-Time Trading (It’s Not What You Think) Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Attend my Free Masterclass #630: The Truth About Full-Time Trading (It’s Not What You Think) In this video: 00:26 – What my typical trading day looks like. 01:15 – Easter break and 2x H6 trades taken. 02:01 – I’m up +3.4% for the week to date. 03:03 – We trade using limit order so you can always place the trades. 03:45 – Enjoy life and trade less. 05:00 – Don’t get glued to the computer all day. 06:19 – Trading for 21 years. 06:42 – Check out my Masterclass. What does the typical trading day look like for a full time trader? Well, I’m going to share with you what I do, how I do it, and why I think it’s a great way to trade. So let’s talk about that more right now. Hey there traders! Andrew here at The Forex Trading Coach for video and podcast number 630. What my typical trading day looks like. I quite often get asked by people around the world saying, “Hey Andrew, can you show me like how you’re trading or what your typical day looks like?” And people get very concerned that, you know, maybe they can’t trade the way that I trade because they live in a different country, or they’ve got commitments or other work or whatever it might be. So just to show you now, we’ve just turned 10:00 in the morning here, and I’ve just taken my trades for today. So every day at 5 p.m., New York time, which currently is 9:00 am here in New Zealand. I go through and look at the daily charts and also the 12 hour, the 8 hour and the 6 hour charts, and we post trades every single day and have done since 2010 on our membership site for our clients based on that close of day. Easter break and 2x H6 trades taken. Now, right now we’ve just had Easter, so the markets are kind of a bit all over the place. And for today, there were no specific daily trades. It’s quite unusual. Most days we have between say 1 and about 4 or 5 daily chart trades. Today there were none. That’s absolutely fine. It’s just what the market’s doing. There were some big moves yesterday. There’s this potential, sort of peace deal going on with the Iran war and so big movement in the market, but right now, no specific daily trades for today. However, we did just take 2 trades on the 6 hour charts. I’ve just taken a sell trade on the GBP/JPY and also the GBP/CAD. And so they’ve been placed here behind me. I’m up +3.4% for the week to date. My account so far this week, and bear in mind, it’s a very quiet week with Monday and Tuesday no trading due to Easter, I’m up 3.4% for the week so far, and that now, after I’ve just taken those 2 6 hour chart trades, that is my trading done for today. Now, later tonight, my time, I’m actually holding a live webinar with my clients, and we will be looking at the 5 a.m. Eastern Standard Time, New York change over. And you can quite easily trade in just once a day, twice a day following along with what we’re doing. Now depending on where you live in the world, you can of course trade other candle closes. So, for instance, in 6 hours from right now, which will be my 3 p.m., I could look at the 6 hour charts, at my 5:00 pm, I could look at the 8 hour charts. And so depends where you live in the world on those candle closes. But, if you wanted to do nothing else, you could trade just once a day. We trade using limit order so you can always place the trades. Now, if you’re saying to me, hey, look, I live in Europe, and the 5:00 pm New York time is the middle of the night for me. That’s fine. We’ve got clients in 111 countries right around the world who trade our system. So what you guys can do is, if it’s too late for you in your evening time, you can wait until your morning time and place trades on those daily charts or those other time frame charts, because we use limit orders. So you don’t have to be here right now at this exact time. And that’s the beauty of the way we trade. So for me, that’s my trading done. I’ve got the webinars mentioned later tonight, my time with clients in the European session. So I’m going to prepare for that. And but from a trading point of view, that is my trading done for the day. Enjoy life and trade less. Other things you can go and do. Well, that’s up to you. For me here, I’ve got my guitars behind me here and my mic set up, and I love doing that. I live on 11 acres here and, we’ve got, you know, tons to do outside on 11 acres. We grow all our own food or as much of it as we possibly can. I’ve got animals and chickens and quail, horses, etc. And so I like to get outside and enjoy the 11 acres here of physical work as well. I think that’s really important, you know, mentally and physically. You’ve got to do, I’m not a gym person myself. In fact, I can’t think of anything worse than going to a gym personally. I want to achieve something. I’m out, you know, cutting firewood, doing weeding and things like that, growing things. And I think mentally that’s so much better for you if you have that opportunity. Get out in the sunshine. Go for a swim. You know, that’s the beauty of 11 acres, and we’re quite a steep 11 acres as well, so we’re always doing something physical. Myself and my wife work outside together as much as possible. So whatever it is that you want to do, this trading here does not require you to sit at the charts all day. Don’t get glued to the computer all day. And that’s the issue that so many people have. They think they need to sit on 5 minute charts and 15 minute charts or 1 minute charts. You just don’t need to do that. You can trade on your own account. You can trade on prop firm accounts. Don’t forget that if you are interested in prop firms, the key to passing a prop firm is not to hit their drawdown level. It’s as simple as that. So you need to have low control risk per trade and consistency in your trades, but also high reward to risk trades. Just like the 2 trades I’ve just taken there. I’ve placed those on a prop firm. They’ve only got a quarter of 1% risk each. So if they both went wrong, all I lose is half a 1%. Yet they have an average of a 2.6 to 1 reward to risk if they hit their profit target. So you can see the quality of the money management, the risk management that we have in place that is crucial, not being glued to the charts. Go and do other things, whether it’s work, life, family, guitars, flying helicopters, outside growing food, whatever it is that you want to do, have the trading here as something to create an interest in what’s happening in the world and the passive income. But don’t let it take over your life by being glued to watching the screens all day, you’re probably not going to end up enjoying it. Trading for 21 years. I’ve been doing this for over 21 years now. I’ve been teaching for nearly 17 years. The reason I love it is because we’ve got a great community of people all trading the same strategy, and we just trade just a few minutes a day, and we love our trading as a result of that. And as mentioned, 3.4% already this week on what is a very, very quiet week due to the Easter break. Check out my Masterclass. If you’d like to know more, feel free to have a look at my masterclass. Feel free to have a look at the website and all the information we have on there. If you’d like to join us, there’s a link there that you can join us here at The Forex Trading Coach. And if you’d like to book a call with my team, you can do that as well. I’ll put a link to that. So once again this is Andrew Mitchem here at The Forex Trading Coach enjoying trading, enjoying life, getting outside, putting trades on, leaving them to do their thing, letting the market do its thing. And that’s the key to enjoyable and successful trading. Episode Title: #630: The Truth About Full-Time Trading (It’s Not What You Think) Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Attend my Free Masterclass

    7 min

  8. Mar 29

    #629: Fuel Prices Are Rising… But Oil Is Dropping?

    Fuel Prices Are Rising… But Oil Is Dropping?  Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Attend my Free Masterclass 629: Fuel Prices Are Rising… But Oil Is Dropping? In this video: 00:33 – War, cost of living and fuel increases.     00:57 – US Oil prices fluctuating.  01:38 – In 2022 the oil price was higher than today. 02:40 – As traders we can Buy and Sell.  03:55 – What makes our style of trading different.  04:35 – Our redesigned website. 04:45 – Blueberry Markets as a Forex Broker. 05:16 – Check out our Masterclass. Fuel prices are going through the roof across the world, and the cost of living is going mad. Now, how can you trade oil and what’s happening to it? What’s happening with this war? And how can we as traders make money, whether the oil prices are going up or down? Let’s talk about that more right now. Hey there traders! Andrew here The Forex Trading Coach for video and podcast number 629. War, cost of living and fuel increases.     Now obviously the war and the cost of fuel in particular and the cost of living in general is just affecting anybody, really doesn’t seem to matter where you live in the world, fuel prices are going absolutely mad and when you have a look at charts, you have a look at oil, for example. It’s a little bit difficult to understand some of it. Now let me give me some reasons for this.  US Oil prices fluctuating. And now a couple of weeks ago, we saw the US oil price spike up towards $120. Right now as I’m recording this, it’s back to 92. Yet all I’m seeing is the fuel price at the pumps going up and up and up. Now, I also buy Jet A-One Fuel as a helicopter pilot, and that has been going stupid as well with about a 90 cent increase last week, another $0.35 this week. It’s just getting ridiculous. Yet on the charts, the price of oil has dropped and it kind of makes you think, without wishing to get political, what’s actually happening.  In 2022 the oil price was higher than today. Now, I’ve just had to look back at my charts at the US oil price and some interesting things happened. Now, no one seems to realize that only four years ago, in March of 2022, the oil price was actually higher than the $120 it peaked at a couple of weeks ago, and it stayed there for almost four months. And if you go back further again to 2013, it was around the same level as where it peaked a few weeks ago. If you go back to 2008, it almost hit $150. Yet here we are today in 2026 and the price right now is $92. Yet fuel prices going mad. And of course the knock on effect of food and transport, etc. it’s just crippling businesses and people right around the world. So as mentioned, there is the political side of things, which we’ve probably all got our opinions and I won’t go into mine right now, but something seems wrong. As traders we can Buy and Sell. And then there’s the trading point of view, which is what we can talk about. And it is something that we can control more. And the beauty of the way that we trade is we can look at whether US oil or UK oil, and we can make a decision to buy or sell, depending on what the chart is showing us at the time. And we’ve taken many trades in the last few weeks on oils, both long and short, just because you know the price of the fuel pumps going up and up doesn’t mean to say you have to take long trades on it. If you’re seeing good selling opportunities, and that is the advantage of the way that we can trade on the forex charts. Now, of course, we can trade other markets such as metals. And again, you know, everybody sort of seeing gold and silver go through the roof. Then of course it fell back. And now it’s kind of like pushing back up again. And we have the ability to buy or sell metals. You don’t just have to buy simply because everybody thinks gold or silver is going up exactly the same in cryptos. You know, we’ve seen massive move ups, we’ve seen big falls. And again, we can buy and sell depending on what the charts are showing us. And we can do the same with indices and of course with all of the pairs available to us.  What makes our style of trading different.  Now that is what I think makes what we do quite unique and quite special and very exciting. It’s just giving us the opportunity to be less, I suppose, concerned with what the mainstream media and we kind of have an opinion on those as well. So don’t believe everything they tell you. They certainly don’t do that. But you know, in general, everybody sort of thinks that metals are going up, cryptos are going up and certainly oils are going up. And you don’t have to just take buy trades, look for opportunities in both directions. And that is an amazing thing with the way that we can trade. Our redesigned website. The other thing I want to mention is that we have a new look website out there. So have a look at TheForexTradingCoach.com, check out the new site. Let me know what you think of that. Blueberry Markets as a Forex Broker. And if you’re out there looking for a good broker where you can trade the oils and metals and indices and cryptos and of course forex pairs, check out Blueberry Markets. They’re based across in Australia. But people from right around the world, in most countries, it’s a few exceptions, but most countries can open an account with Blueberry Markets. Great people, great platform, heaps of markets available to trade and very good tight spreads throughout the day as well. I’ll put a link to Blueberry Markets as well. Check out our Masterclass. If you’re not checked in on masterclass, make sure you do that. There’s a link here as well. And any questions or topics you’d like me to discuss on future videos and podcasts just like this? Just drop me an email Andrew@TheForexTradingCoach.com and don’t forget to like and subscribe if you’re watching on social media. This is Andrew here The Forex Trading Coach. Let’s see how oils keep going. But don’t forget the ability of us as traders is to take both long and short. You don’t just have to be watching those prices at the pumps and think, well, oil is definitely rising because sometimes it’s not. Episode Title: #629: Fuel Prices Are Rising… But Oil Is Dropping? Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Attend my Free Masterclass

    6 min
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    Online Forex Trading Course
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    2013 - 2026
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    © The Forex Trading Coach 2024
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