Online Forex Trading Course

Online Forex Trading Course
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By The Forex Trading Coach

  1. 3D AGO

    #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

  2. 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

  3. 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

  4. 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

  5. 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

  6. MAR 22

    #628: Before You Buy a Prop Firm Account, Watch This

    Before You Buy a Prop Firm Account, Watch This  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 628: Before You Buy a Prop Firm Account, Watch This In this video: 00:37 – How to pass a Prop Firm Challenge. 00:56 – #1 – Don’t open a Prop firm account right now. 01:45 – #2 – You need a proven and easy to trade strategy. 03:05 – #3 – Trade your own real money account. 04:27 – #4 – Use a VPS and Trade Copier software. 05:54 – #5 – Choose the prop firm account type that suits you. 06:55 – Blueberry Markets as a Forex Broker. 07:10 – Our new look website is now live at www.TheForexTradingCoach.com Today, I’m going to give you my top five tips so that you can easily pass a prop firm challenge. This is a really important video if you’re wanting to make money through trading the forex market. Let’s get into that more right now. Hey there Traders! This is Andrew Mitchem here, the owner of The Forex Trading Coach with video and podcast number 628. How to pass a Prop Firm Challenge. Outside again here today on an absolutely stunning autumn day here in Nelson in New Zealand. And the topic of today’s video and podcast is all about how to easily pass a prop firm challenge. I’m going to give you my five top tips. Now, the first one’s going to really surprise you, because you’re going to be expecting me to talk about some of which prop firms or trading strategy. But my number one top tip to easily pass a prop firm challenge is not to open a prop firm account. Not for now. Certainly, by the end of this, you’re going to know why and when you should do so. #1 – Don’t open a Prop firm account right now. But my number one tip, honestly for now, is do not waste your time. Do not waste your money. Do not pay the prop firm. And if you do that now, if you start now, you’re going to lose confidence. You’re going to lose money. You’re going to waste your time. If you hold off, you are going to pass a prop firm challenge in the end. But if you start straight away, you’re almost certainly going to end up losing your money and failing. So my number one tip is do not open a prop firm challenge right now. #2 – You need a proven and easy to trade strategy. My number two tip is, of course, you do need a good strategy. And now the strategy needs to be something that’s proven. Proven across different markets, different trading conditions, different time frame charts. It needs to be something that aligns with you. Whether it’s the time that you can trade, the time of day, the amount of time it requires, does it actually fit with you? Do you understand exactly what the strategy and the logic is? So that’s really important. But also the key to passing a prop firm challenge, once you know what you’re doing, is not to hit the drawdown level. So you need to be really sure that the strategy and the way that you trade meets their drawdown criteria. So you need to trade with really low risk per trade and have very low drawdowns, and you need consistency in your profitable trades as well. So it’s not just about here’s a wonderful strategy. It needs to be something, you know, if you hit like a 5% drawdown in a day or so because you’re risking too much while you’re going to fail the prop firm challenge, regardless of how good your strategy is. So you need to really focus on reducing risk per trade and knowing what you’re doing, and when to take the trade and how to keep that risk low. #3 – Trade your own real money account. So third thing would be once you have that strategy in place, you need to get on to a live account of your own money. It needs to be your real money, your live account. It doesn’t need to be big, but it needs to be a live account. And the reason is, is that the psychological change between a demo and the live is huge. Now, it doesn’t need to be a massive account. I said it could be like a few thousand dollars, but it just needs to be real money. You need to bring emotions into your trading. You know, when you have losing trades, you’re going to, you know, it’s going to hurt. When you have winning trades, you’re going to feel fantastic. So you’ve got to understand those emotions. But also you’ve got to try and control those emotions so that those drawdowns and those losing trades and those highs from the winning trades become almost neutralized. And I wouldn’t suggest you go to a demo because a demo doesn’t mean anything and demo doesn’t teach you the psychological side of making or losing real money, your money. So tip number three get on to a live account. You then need to also prove that with your live account, you can become consistent. Now you also need to keep that drawdown very low and treat it though it’s a bigger account as well. So show up, be consistent, keep your drawdowns very, very low. And so prove to yourself first on your money that you can trade properly. #4 – Use a VPS and Trade Copier software. The fourth thing you should then do is seek out a virtual server and trade copier software. Now, the reason I say that is because it then makes trading one account or multiple prop firm accounts, whether they be on the demo stage or a live account, different account sizes, different denominations. It makes it very, very easy. Now you think about this in terms of the reality of trading. You’re out there trading your, let’s say, 2, 3, 4 or $5000 account live and you’re saying, well, I’m doing okay. I’ve passed Andrew’s tip number three and it’s all good. The trouble is, if you then start on a $100,000 demo or $100,000 live account with a prop firm, that’s a massive change in your mental approach. So you don’t want to be trading directly on that prop firm account. What I suggest you do is you trade your life master account still, and you have those trades copied behind the scenes automatically onto your prop firm account or prop firm accounts. You know, just imagine you’ve got five prop firm accounts open. You don’t want to be trading every single one of them individually, placing trades, calculating risk lot sizes, entering stops, moving positions, all that type of thing. You don’t want to do that. Trade your one small live account properly, knowing that behind the scenes it’s getting copied through a trade copier software and a virtual server onto your prop firm account or accounts. Behind the scenes makes life so much easier. #5 – Choose the prop firm account type that suits you. And then finally, my fifth top tip, once you’ve done all those and you’ve mastered stage one before, is you do then of course go on to a prop firm account. Now, there are various prop firm accounts out there. And like all things in life, some are better than the worse than others. Some will allow you to go on to one demo and then straight onto live once you pass the demo, some have two stage challenges, some allow you to go straight to live. You really need to figure out what is best for you in terms of the account size, how many accounts you’re going to go through, which prop firms you’re going to go through, etc. like that. I can certainly give you some ideas and suggestions, but really, once you know how to trade, you then need to decide which prop firm account and company you are willing to go with. So those are my five top tips there. And you do all that and you can then start to easy pass prop firm accounts, quite comfortably, like we have so many of our clients doing on a regular basis. Blueberry Markets as a Forex Broker. If you’re out there looking for a good broker, I can highly recommend Blueberry Markets. They have a they also have their own prop firm company as well, Blueberry Funded. But have a look at Blueberry Markets throughout there looking for a good broker. Our new look website is now live at www.TheForexTradingCoach.com And lastly, have a look at our new website, TheForexTradingCoach.com. Our new look website has now gone live. Hope you like the changes and improvements with modernized everything made it a little bit more, sort of, cool looking, you know, it’s more efficient, more information on there, easier to navigate and just a little bit sort of modernized. It kind of needed it. And now it’s had that facelift. So, hopefully you like that. And, if you’d like to join us, of course, you’ll find the joining link on that website. And joining us and learning how to trade properly first is also going to be your shortcut to passing a prop firm challenge, because we have so many people that trade prop firm successfully, because of the way that we do trade and our strategy and the support that we have and the help and longevity and proven strategy across multiple markets and, and such a long time within the markets, you know, we celebrate our 17th birthday, this year in May 2026, in a few months time. So that’s it for now. Prop firms are a great way. They’re a great option of making money. But, honestly, look at point number one, the best thing you can do to start with if you don’t have the other points sorted, is do not open that prop firm account just for now. Get points two, three and four sorted and then go to the live account or the demo account with a prop firm. This is Andrew Mitchem here at The Forex Trading Coach. I see you this time next week. Bye for now! Episode Title: #628: Before You Buy a Prop Firm Account, Watch This 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

    9 min

  7. MAR 15

    #627: Why Most Traders Are Completely Confused

    Why Most Traders Are Completely Confused  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 627: Why Most Traders Are Completely Confused In this video: 00:38 – Information overload. 01:29 – AI predications. 01:53 – I know in my head how to trade. 02:47 – News events moving the markets. 03:46 – People switching strategy. 04:54 – Our strategy has never changed in 17 years. 07:39 – Blueberry Markets as a Forex Broker. Do you suffer from information overload? You know, you see signals out there online. You’re not sure what to do. There’s so much information, conflicting information. And you just have complete confusion. You don’t know what to do, when to do it, and therefore you probably either gamble or give up. If that’s you, listen up. The next five minutes is going to be absolutely invaluable information that’s going to help change your trading around. Let’s get into that more right now. Hey there traders. It’s Andrew here at The Forex Trading Coach with video and podcast number 627. Information overload. So today I want to talk about information overload. It’s a big problem that people have. You know there’s so much information out there online. There’s thousands and thousands of indicators. And people seem to think they’re going to come up with the Holy grail of indicators. You know, there’s massive amount of conflicting information with social media signals. And, you know, there’s, other social media, signals saying buy on this pair and at the same time, you’re indicators turning down and therefore you think you should be selling, you’ll see something on YouTube that says buy. You see something on TikTok that says sell and you’ll get something on signal or, you know, telegram that says completely opposite and people just have no idea what to do. And you can see why, because they rely on other people to make that analysis for them, and therefore they really don’t know what they’re looking for. AI predications. And, you know, the, the other common one that I’m seeing now, of course, is AI predictions. And that, again, you know, while in theory and great AI is going to solve all our problems. Look, AI is going to make us damn lazy. We’re not going to have a clue what to do. And if you want to rely on AI, then you know, good luck to you. That’s all I can say for me. And I had this discussion with someone just last week. I know in my head how to trade. To me, as a trader, there is nothing better than knowing in my head and in my heart I can see trades, I can take trades. And I’ve got that information and that powerful information, to be able to do this. You know, for the rest of my life, I want to or however long I want to, and pass that information on to people. And, you know, for people that want to put a bit of time and effort in to figure out this for themselves, then, you know, I think just being able to do this for yourself is massive, and A.I. it’s just not going to cut it. I can’t see it. It’s just not going to have those nuances of those human factors that, you know, we have and can see. Now, sure, I’m not knocking it. And sure there of course there will be a place for it. And, you know, it can help do some analysis in the future and potentially take trades when you’re asleep or those type of things. But overall, I think you still need some common sense and knowledge of trading in order to even use A.I., News events moving the markets. News as well. Of course, that’s causing massive issues with people right now. You know, we’ve got the Iran war going on with the oil price going up one day, crashing the next day up again. And and people think it’s, you know, it’s causing problems. And I get a lot of people say to me, hey, Andrew, what’s happening right now with your trading due to this? You know, this war? And I said, well, nothing’s changed. You know, markets are moving up and down because mostly in the currencies we’re trading pairs. You know, if, let’s say the US is particularly strong, then you might, you know, be buying the GBP/USD, selling the GBP/USD if the US is weak, you might be selling it. You know, it just depends on what’s happening. On that particular day. We, over the last week or two have just had some incredible trades, mostly sort of 12 hour time frames down to two hours. The longer time frames have just been a little bit harder to trade, but that’s just the way the market is right now. But again, it’s understanding what to do and knowing what to do and see a trade take a trade is the crucial aspect there. People switching strategy. So look analysis paralysis causes a problem. It just leads to people to switching strategies. You know, they don’t get a strategy or it’s not working straight away. So they move on to the next shiny object. And that’s a common problem that I see all the time. And of course, what’s that doing? Is it leading to inconsistent trading, lack of confidence, lack of making a decent return. You know, you’re losing money and you know, you your spouse says to you, look, you just wasting our money and it’s just not working. Go and do something else. And and that’s the problem that I see time and time and time again. It’s just such a common problem. And I get it. Well, it’s because people don’t, stop to actually, like, invest in themselves. Through their education or their time into trading, learning properly themselves, developing their own strategy, whatever it might be. And it’s like anything life isn’t that, you know, if you’re going to put some time and effort into it, you’ll probably do quite well if you think you’re just going to wing it and, and fluke it or, you know, find the answer on, you know, on social media, it’s probably not going to be a good long term outcome for you. Our strategy has never changed in 17 years. Why I’m saying that. Well, look, we’re 17 years old here at The Forex Trading Coach. In a couple of months, it’s something we’re immensely proud of. And I just wanted to let you know that in that time, the strategy has never changed. And so when I talk about all these issues of the analysis paralysis, you know, whether it be a war going on, A.I. whatever it might be, and that leads to confusion and conflicting information. And clients don’t have that. You know, we have a massive community of people right around the world in 111 countries, all looking at the same strategy, the same charts at the same time, or helping each other. We post, trades each day, for our clients to follow our multiple time frame charts and so if a client has a question, we answer it and they know exactly. You know what, we know what they’re looking at, and they know what we’re looking at because it’s the one strategy. But when you think about it, how many people out there, can you say that you can find anywhere online? I challenge you to have a look anywhere online that can say, the course that I’m teaching is identical in terms of the strategy, for close on 17 years. That to me says everything it tells me. And it should tell you that what we’re looking for, our strategy is completely, well and truly proven across all markets, timeframes, trading conditions, wars, oil prices going up, oil prices come down, the creation of cryptos, the ability to trade metals and indices, commodities and more forex pairs and it still continues to work. So, I think that really sums up everything you need to know if you’re out there looking for someone to give you some help. Because why would you look anywhere else? Everything that we have, created over those 17 years is there to help our clients, trade easily, to have an understanding of what to do. Sure to use our help, especially at the very beginning when the learning, but over time to become independent, successful forex traders without our help. We’re not interested in having people year after year after year, you know, being handheld that’s not our aim, our aim is to say this is a strategy. It works. Stick with it, understand it, ask questions, use our help. And after a year, you know, six months a year, you’re off doing your own thing and really, you know, progressing well, profiting potentially on prop firms, however you want to go with your trading and, and you, you know, you’re a happy customer. So, that’s it for today. Don’t get confused. Don’t seek out something that works. Get off. You know, the vast majority of the social media and the A.I. and the signals, learn how to do it for yourself if you really want to become a good trader. Blueberry Markets as a Forex Broker. One last thing. If you’re out there looking for a really good broker, I can highly recommend Blueberry Markets over in Australia. They’re, you know, they’re great people. So many, people who. I’ve sent them over to them over the years, and all you get is this consistent feedback. You know, great people, great platform, great spreads, withdrawing funds. It’s just really easy. I withdraw some funds from an account, just on Friday of last week. By Monday, it was in my account, here in New Zealand from Australia. So great people. Have a look at Blueberry Markets as well. This is Andrew here, The Forex Trading Coach I see this time next week. Bye for now. Episode Title: #627: Why Most Traders Are Completely Confused 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

  8. MAR 8

    #626: The Psychology Hack Every Trader Needs

    The Psychology Hack Every Trader Needs  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 YouTube: Dr. David Bonanno Enroll to Max Discipline Click Here to Learn More About Max Discipline Click Here to Checkout the Book: The Consistently Calm Trader: Master the War Between Discipline 626: The Psychology Hack Every Trader Needs In this video: 00:17 – Talking about mindset in trading. 00:54 – Dr David Bonanno helps traders. 08:02 – Traders issues with over trading and thinking money! 13:24 – Don’t reinvent the wheel. 16:30 – You don’t need a 90% win rate. 21:40 – You have to love the concept of trading. 25:55 – Traditional forum sites don’t work. 27:50 – Be real with your trading. 30:25 – Contacting Dr Dave. Andrew Mitchem Hi everybody. It’s Andrew here at The Forex Trading Coach. Welcome along to another video and podcast. I’m really pleased today to be joined by Dr. Dave Bonanno over in the US. Dave, welcome along. Nice to have you here. Dr. Dave Bonanno Thanks. Yeah. Great to be here. Talking about mindset in trading. Andrew Mitchem Really looking forward to this because quite often in trading we talk about strategy and rules, talking about indicators and charts and things like that. But today we want to bring it back to something that applies to everybody. No matter what type of trading you are, whether your fundamental trade, a technical trade or a mix. And it’s really important that you start to understand, your mindset within trading. And that’s why, Dr. Dave here today is here. And how he’s going to help you and all of us listening and watching with the mental aspect of trading. So, Dr. Dave, maybe you can start about introducing yourself, what you do and how you help traders at that. Dr David Bonanno helps traders. Dr. Dave Bonanno Okay, great. Yeah. So I started off, as a therapist who is really trying to help people with problems, especially PTSD. And most people don’t really know what PTSD is like. If you look it up, there’s no definition. It’s just a list of symptoms. So the way that I define it now is that it’s when you have adrenaline and it just is overactive. And the thing to know is that when you have adrenaline, it makes your logical brain go offline. So I maintain that adrenaline is every trader’s enemy, and it doesn’t mean that you’re in full fight or flight, or that you’re afraid or that you’re angry. It can affect us in a lot of ways that we’re not even really aware of. And so if you like, read other mindset books or listen to other people who talk about the psychology of trading, they talk about changing your thoughts. But what I’m really all about is how to, engage with your subconscious in a way so that it doesn’t contaminate what you’re doing on a moment by moment basis. Andrew Mitchem Interesting. So you’re taking a slightly different approach to it. So on a like just to get it on the beginning, but to give her some right at the beginning on, on a, on a like a practical basis, someone’s out, they’re trying to identify a trade setup or they’re in a trade maybe. What do you do that could help them with those scenarios? Right. So I had this trader named Tony, and he was really successful in his career, and he wanted to gear up for retirement. And he he was a very logical guy and he could understand intellectually probabilities and all that. But when money was on the line, especially when he was trying to scale or even when he was trying to, take payouts from the prop firms, he would find himself just not quite making the right decisions. So of course, he looked at his strategy and and his, you know, technical skills. But I think what he didn’t realize at the time was sometimes adrenaline would get in the way. And and so that could be like if he was putting pressure on himself to provide a financial security for him and his family, or if he couldn’t really accept losses all that well, and I’m not even talking about like, yeah, I’m not talking about like throwing a tantrum or anything, but like, his wife would notice that he wasn’t in a very good mood after he had a red day. And so, yeah, we we needed to look at what was going on for him subconsciously. And, you know, we all could try to think like, well, you know, I’m pretty much in control of my emotions or I didn’t really notice, you know, what was happening for me in the moment. But we’re talking about subconscious stuff. And by definition that’s what we’re not aware of. Andrew Mitchem Yeah. Dr. Dave Bonanno So yeah. Yeah. So, yeah, one of the things I do first is I help people to identify, what exactly is going on for them. And it doesn’t mean, you know, that we have to go back to the past and blame your parents for everything. Like I was taught to do as a therapist. But we use, eye movements, which is, like EMDR if if people don’t know what that is, it’s the most researched, intervention for PTSD that there ever was. And I’m sure you probably even know people who’ve done it. So anyway, that kind of allows us to interface with your emotional brain. So, like, we have two brain systems that are at play at the same time. It’s kind of like two TV shows that are superimposed on each other, and you can’t just ignore one of them and sometimes I yeah. So sometimes our head and our heart is in sync. But a lot of times it isn’t. At least as much as we’d like to think that it is. So yeah, if we can actually like kind of interface with that part of our brain, that’s the part that makes our logical brain go offline. So we still do need that emotional part. Like it’s sort of like, like, you know, when you’re dreaming, then you wake up and your logical brain think so that was crazy. But that’s really because the logical brain was out of the way. And it’s it’s coming on, you know, with your, emotions. So what I’m getting at is, that when you’re able to move your eyes, that’s what allows you to connect with your heart. It’s great for journaling because instead of trying to go back and guess at what you were doing subconsciously, it really kind of helps you to get there. And that’s what we did for Tony. Andrew Mitchem Interesting. And so his results work improved dramatically after some time. Dr. Dave Bonanno Oh, absolutely. Yeah. He’s he’s doing awesome now. He just, showed me a picture of a house he wants to buy in Florida, and, he, he needed to help his parents out. And he, he was putting a lot of pressure on himself that he wasn’t really quite aware of. And that’s going to add adrenaline and, you know, like. Yeah. So like if he if you look at advice from other trading coaches or mindset coaches, they’re like, okay, well you have to control your emotions and you have to use your willpower in order to kind of, push them aside and focus on what you need to. Yeah. And that that can work sometimes, but it doesn’t work all the time. And if you’re telling somebody who’s full of adrenaline that they need to calm down, that’s kind of like telling somebody who’s full of alcohol that they need to be sober. Like it just. Yeah, yeah, yeah. It’s yeah, yeah, I know I’ve tried. But, Yeah. So I think instead of trying to use your willpower and then blaming yourself when you, when it doesn’t really work, and then people start to go into a cycle. Right. Like they start to doubt themselves and they start to think, well, maybe I’m a weak person or whatever. And really, I think they’re just kind of setting themselves up for failure by expanding, their body and their mind to react in ways that it’s not set up for it. Because once again, like when you’re in fight or flight, you’re but your brain is designed to go offline, like, you know, if you’re if you’re in the forest and you see a bear or something, you’re not supposed to be going through all the, pros and cons of the opposite, like you need to be running away or fighting. It would. Yeah. That’s right. Yeah. So that’s just how we’re built. So. So when we’re training and there’s like, you know, people can follow their rules, fine. If there’s not too much pressure. But when you’re scaling up or when you’re trying to, make this one being trained, you know, that’s going to really help you out. Or if you’re trying to get like a good feeling, like if you’re if you’re a little bit maybe addicted to training, you’re doing it to feel good, then it’s going to backfire. And then the harder you try, the more you’re feeding energy into that negative cycle. Traders issues with over trading and thinking money! Andrew Mitchem Yeah, that’s really interesting. I get a lot of people over the years that come to me and they have this exact issue, and a lot of people, unfortunately, when they get into trading, they they have this mindset. And like I did exactly the same over 20 years ago, you get into it, it’s new, it’s exciting. You think you’re going to make lots of money. Then you start looking at charts and lines and dots and arrows and indicators and you think, wow, this is awesome. I’m good. Look at this. Crosses this. I’m going to buy here, make a fortune. And then you soon realize it doesn’t work. And you then or the other issue I noticed that a lot of people have is they overtrain so much, you know, they want to go down to the very short timeframe charts because they believe the more they trade, their more they’re going to make. And they’re and you used the word just now about being addicted, whether it was alcohol or addicted to things. And I find that so many people have that, that they’re trigger happy. You know, they go to click, click, click, click, click trace and and of course, inevitably it wi

    34 min
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By The Forex Trading Coach

Information

  • Creator
    Online Forex Trading Course
  • Years Active
    2013 - 2026
  • Episodes
    300
  • Rating
    Clean
  • Copyright
    © The Forex Trading Coach 2024
  • Show Website
    Online Forex Trading Course

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