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  1. hace 1 día

    #648: This 10-Minute Trading Routine Saves Me Hours Every Day

    This 10-Minute Trading Routine Saves Me Hours Every Day  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 #648: This 10-Minute Trading Routine Saves Me Hours Every Day In this video: 00:26 – Important to trade a routine. 01:02 – Helps identify Strength and Weakness. 01:34 – Also trade H12, H8 and H6 charts. 02:20 – Eliminate pairs you don’t want to trade for the day. 02:55 – Only look at a candle on the close. 03:40 – Weekly chart scan. 04:32 – Check out my new Masterclass. 05:12 – Blueberry Markets as a Forex Broker. 05:26 – Use my 10 minute scan each new trading day. Today, I’m going to give you my 10 minute morning trading routine that saves me hours each day as a full time trader. Let’s get into that more right now. Hey there, Traders! It’s Andrew here, The Forex Trading Coach with video and podcast number 648. Important to trade a routine. I think it’s really important that you have a routine in your trading. I think it’s also really important that you don’t spend too long doing your trading. But to do that, you need to know exactly what to look for. Now I have a very easy to follow and implement 10 minute trading routine that I do each day, and I do this at the completion of the trading day, which is 5 p.m. New York time. Now that happens to be my morning time here in New Zealand. And each day I go through the daily charts at the completion of the daily charts, when they’ve closed at 5 p.m. New York time. And that allows me to quite easily in 10 minutes, go and scan through the charts and see what’s happening in the markets. Helps identify Strength and Weakness. I can easily identify strength and weakness. I can see which pairs looking like they’re all moving up. So let’s say all the Euro pairs for strong that day. And therefore that gives me the bias that maybe the euro strong. And maybe I should be looking at the pairs that have weakness and strength in the euro. So example let’s say the US dollar was particularly weak all day. And I can see that the euro strong. Well, that’s going to give me the bias that maybe the EUR/USD might be worth looking at, depending on its candle pattern and it’s room to move, etc. when trading for that day. Also trade H12, H8 and H6 charts. So once I’ve scanned through those charts on the daily charts, I can also at the same time have a look through the charts on the 12 hour, the 8 hour, and the 6 hour, because, you see, they all close at the same time. And at that 5 p.m. New York time is a really important time for me as a trader. But if that doesn’t work for you, don’t worry about it. You don’t have to be trading at exactly that time. You see, the beauty of trading those longer time frame charts and the beauty of trading using limit orders is you’ve got hours and hours and hours to actually place the trades, because with limit orders, let’s say a buy limit, I’m looking for the price to move down first anyway and get me filled. So if you can’t place those trades, let’s say you’re in Europe until your morning time. Most of the time those trades are not going to get filled anyway, so you don’t have to be there. Bang on 5 p.m. New York time. Eliminate pairs you don’t want to trade for the day. Now, the other thing is when it comes to trading, is that because I’ve scanned through those charts, I’ve eliminated a lot of pairs. I don’t want to look at that day, and that’s going to massively help me throughout the rest of the day. My other important time that I like to look at charts is 5 a.m. New York time, because at that time, other timeframes such as the 12 hour. The 6 hour. The 4 hour, 2 hour charts also change over. And of course, it’s European daytime by then as well. So by doing the morning scan, I can then help shortcut any other trading opportunities that I look at later in the day. Only look at a candle on the close. Now the other important thing is to only look at a candle on the close. So if you are looking at, say, 4 hour charts, just look at a 4 hour chart. Once the candle is completed, if you’re 2 hours into a 4 hour chart, it’s pointless looking at it because it’s just going to move so much and you’re just not doing yourself any favors. You’re wasting time. So by identifying on the bigger time frame chart, the levels that I’m looking at, the pairs that I want to focus on, or the pairs that I don’t want to focus on. That 10 minute morning scan for me saves me hours every day. It also means that I’ve fine tuned what I’m looking for, and I know exactly what charts to go and look at throughout the rest of the day. Now, if you do this, it’s going to save yourself a lot of time and a lot of effort. Weekly chart scan. And think about this also because at the beginning of each week, I do the exact same scan on the weekly charts. Now, if I happen to have the weekly charts and the daily charts all showing me the same bias, let’s say EUR/USD on the weekly chart was bullish and on the daily chart it’s bullish. Well, guess what’s likely to happen that day. Now if I see a good bullish setup on let’s say a 4 hour chart, I now have strength on the daily, I have strength on the weekly and I have the quality set up, let’s say, on that 4 hour chart. So you can either use the scan to take specific trades based off candle patterns on the weekly charts or the daily charts, or use that information if you wanted to trade shorter time frame charts because you’re putting strength and weakness and that strength bias in your favor, it has to add more weight and likelihood to you having a successful trade. Check out my new Masterclass. So if you’d like to know more about how we do that and how we can help you to do the same, jump onto my masterclass if you’ve not already been on there. Look, we’ve been teaching people for over 17 years from right around the world. We’ve got clients in 111 countries. We know what works, we know what doesn’t work, and we know how to impart that information and that knowledge that we have onto traders. So whether you’re brand new and you’re just starting out in trading and you’re a bit lost and confused because let’s face it, as a it’s a minefield out there, or whether you’re that frustrated trader that’s been out there and, you know, tried everything under the sun and about to give up, well, we can help you as well. So jump onto that masterclass. Blueberry Markets as a Forex Broker. And if you’re looking for a high quality, MT5 broker that offers so many markets, tight spreads, great people, great communication, fast withdrawals, I highly suggest you can set up Blueberry Markets are put linked to them as well. Use my 10 minute scan each new trading day. So this is Andrew here, The Forex Trading Coach. Don’t forget the 10 minute routine at the start of the new day will save you hours. It makes your trading high probability outcome and makes your trading more enjoyable. And it also means you can do things like getting outside and enjoy the great outdoors, or do whatever it is that you want to do. But please don’t sit on charts watching every pip of movement. It’s just not enjoyable and it’s not sustainable. Do the opposite. Trade less high quality trades, controlled risk, high reward to risk outcomes and you’ll do well from your trading. Any questions? Send me an email, Andrew@TheForexTradingCoach.com I see this time next week. Bye for now. Episode Title: #648: This 10-Minute Trading Routine Saves Me Hours Every Day 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

  2. 23 ago

    #647: I Never Move My Stop to Break Even… Here’s Why

    I Never Move My Stop to Break Even… Here’s Why  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 #647: I Never Move My Stop to Break Even… Here’s Why In this video: 00:30 – Should you move your stop loss to breakeven. 01:05 – No relevance to the price you entered. 01:40 – Alternative ways to manage a trade. 02:38 – Take the full profit not a partial profit. 04:00 – Check out my new Masterclass. 04:12 – Blueberry Markets as a Forex Broker. 04:27 – Forget moving your stop to breakeven. Do you realize that the market doesn’t care why you entered the trade or where you entered the trade? So why do people have this massive obsession with moving their stops to break even all the time? Let’s talk about that and more right now. Hi there, traders! It’s Andrew here at The Forex Trading Coach with video and podcast number 647. Should you move your stop loss to breakeven. Outside on another stunning winter’s day here in Nelson, New Zealand. So today I want to talk about moving your stops to break even. Why do so many people do it? I’ve had so many discussions with people. It’s got me into a bit of trouble in the past at certain trading conferences that I’ve been to because of my opinion. Now, I’m not saying don’t move your stop to break even. If you have a strategy and it works, go for it. I’m not saying you shouldn’t do it. But my question to you is, why do you do it? And what’s the point in doing it? You see, so many people just think moving their stop to break even is a safe way of trading, and it protects losses, which in some ways it can do. But there are so many better things you could do. No relevance to the price you entered. You see, for me, moving a stop to break even has no relevance. The market doesn’t care when you entered the trade, why you entered it, or what the price was. So you’ve just entered the trade at some random price. You’re in the trade now. Simply putting your stop loss at that entry price, what does it mean? It means nothing. Technically, it means nothing. If you’re a news trader, it means nothing. What is the point in doing it? And for me, it’s just a bit of a fluffy, feel-good thing. You know, pretty brutally honest, but I think it’s true that people just feel okay about not losing on the trade. Alternative ways to manage a trade. Now, the issue I have with that—well, there are many. Moving your stop loss to that price point has no relevance. So what you could do instead is maybe close part of your trade. You could move your stop loss, if you really want to, but to a technical level. Don’t just put it simply at the price that you got filled at in the market. You could, on a buy trade, let’s say, put it below the last swing high, or you could put it below a round number and stagger the trade up as it gets into profit. That’s 1 thing you could do. Of course, if you wanted to do those types of things or partially close a trade, I would do it for a reason. I don’t just do it because, you know, you feel like it. Do it for an absolute reason. And I think that’s the important thing here. We’ve got to try and get our emotions out of trading and manage our trades for a reason, not simply because it feels good. Take the full profit not a partial profit. The other problem I have with moving stops and messing around with your trades is when you close a trade early, what you’re doing is limiting your potential gains. Now think of it this way. For most people, if they take a loss, they take a full loss. If they move their stop loss to break even, they basically get nothing from the trade on the entire position, let’s say. But what happens if you’ve already partially closed some of your trade and it gets to the full profit? Well, you’re not gaining the full lot size of your original trade when you hit profit. So when you say you made a 2-to-1 trade or a 3-to-1, whatever it might be, you might only be making that on part of your original lot size. So your actual overall gain is nowhere near the amount it should be. So for me, it’s quite important that you enter a trade for a reason. You put your stop loss at a safe level for a reason. You know your risk, your complete risk, if the trade goes completely against you, and you put your profit target at a level for a reason. So therefore, if you’re risking, let’s say, 0.5% and you make a 3-to-1 trade, you make the full 1.5% gain. I think it’s really important that you do that because, like I said, if you take losses, then generally you’re taking the whole loss anyway. So you want to make sure that when you hit a profitable trade, you get the full gain on that. Check out my new Masterclass. A few additional things for you. Have a look at our masterclass. You’ll find it really useful if you’re new to trading. It’s about 20 minutes long. I’ll put some details under this video and podcast. Blueberry Markets as a Forex Broker. And if you’re out there looking for a really good broker, I can highly recommend Blueberry Markets. They’re a really good bunch of people, with very quick withdrawals as well, very tight spreads on their trades, and lots and lots of markets on their MT5 platform. Forget moving your stop to breakeven. So that’s it for this week. Just consider breaking even. Consider not doing it. Consider better ways of doing it, and try not just to feel fluffy, nice feelings about your trade simply because you’ve made $0. Episode Title: #647: I Never Move My Stop to Break Even… Here’s Why 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

  3. 15 ago

    #646: Watch Me Take 2 Live Oil Trades… Both Won in 31 Minutes

    Watch Me Take 2 Live Oil Trades… Both Won in 31 Minutes  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 #646: Watch Me Take 2 Live Oil Trades… Both Won in 31 Minutes In this video: 00:35 – Live trades taken on my European session webinar from 13th August 2026. 01:33 – 2x H1 Oil trades hit their profit targets in 31 minutes on a live webinar. 02:57 – 5 trades taken live on the webinar. 03:43 – Learn while you earn. 04:17 – European and US session webinars. 04:43 – Blueberry Markets as a Forex Broker. 05:03 – Gold Daily trades taken. 05:17 – Like, share and subscribe. Hey there, Traders! This is Andrew here at The Forex Trading Coach. If you’re out there looking to become a good trader, there’s nothing better than following someone in real time, asking questions, and seeing them trading. On our webinar just last night, I took 2 sell trades on UK Oil and US Oil. They both happened in real time. They were both profitable, and I’m going to share those video clips with you right now. Live trades taken on my European session webinar from 13th August 2026. Bradley and also Isaac just mentioned the UK and US Oils. Bradley on US Oil. Oh, sorry, Isaac on US Oil, Bradley on both. On 1-hour charts. Guessing they’re going to be bearish. Oh yes. Very nice. Good spotting. Good spotting. Yeah, nothing wrong with those 2. Very nice. And the fact that they are both pulling back right now gives us just that little bit extra. There’s 89.50, and it’s bounced, I’m guessing, at 90 or pretty damn close to 90. Only a few pips away. So that’s excellent. Got a round number in there of 83. Do you know what? I think they’re both good. I’m going to take them both. Appreciate you finding those 2. 2x H1 Oil trades hit their profit targets in 31 minutes on a live webinar. Well, that one’s very close. So is that one. There we go. Happy days. Now, only on very, very, very, very, very tiny amounts for me on here. Okay, so they’re only at 1/8 because I combined to put them on the normal level. But regardless of that, how much I make or you make is irrelevant. It’s the percentage that we look at, risk and reward-to-risk. I think we said on these, so it’s about 44 pips and it’s just about hit the profit target. So that’s well over 2, wasn’t that? Pretty much bang on 2. There we go. Just hit profit right then. And if we go to UK Oil, ooh, we’re about a fraction of a pip away. Just got the spread. There’s bid, ask, and there we go. Profit on that one as well. So really nice to see 2 live trades both hitting profit. Notice that they’re both continuation trades as well. So UK Oil, US Oil, both hitting profit there. So thank you. I think that was Ryan and Bradley who found those 2, and I think Isaac as well. You mentioned 1 of them as well. So great spotting, and hopefully you all just made a profit on those 2 trades. Thank you, Dean, for letting me know. 5 trades taken live on the webinar. So there you go. Hope you enjoyed looking at those 2 trades and learning from them. So that’s exactly what our clients do on all of our live webinars. I ended up taking 5 trades on the webinar live in the end, but those 2 I wanted to share with you because they’re really quick trades. They were both in and out of the market in 31 minutes. Now, the 1st trade, the UK Oil, also had a 1.3-to-1 reward-to-risk, slightly lower than we normally take. However, you just saw the reason why I lifted my stop loss to above the round number of 90, just for that added protection. And of course, why would you not do that when you’ve got such a powerful level just there in the way? Use it to your advantage. The US Oil made a 1.7-to-1 reward-to-risk trade, so really good profitable trades in just 31 minutes. Both trades were taken live, and you can see the profitable results. Learn while you earn. So our clients not only could see me take those trades in real time, they could learn from them. And of course, if they took them themselves, which most people did, they made profit from those trades while being on the webinar. So again, it comes back to learning why we’re taking those trades and seeing us do this in real time. You know, we’re not hindsight traders. We’re not just out there closing just good trades and ignoring the others. We’re putting all of our trades there on the webinar in real time for people to see and follow, like we do every day with our daily chart trades. European and US session webinars. But our webinars are held in the European session 1 week, US session the next week. They’re all live, they all get recorded, and so our clients have the opportunity to attend them live or watch the recording if they can’t get on there live. And it’s just such an invaluable resource. If you’d like to know more, I’ve put together a new video on our homepage at The Forex Trading Coach, and there’s the opportunity to download a PDF there that gives you lots of information about how we trade and how we can help you. Blueberry Markets as a Forex Broker. If you’re out there looking for a really good broker, I can highly recommend Blueberry Markets. You would have seen I took those 2 trades on that live webinar on my Blueberry Markets account. I’ll put a link to them as well. I’ve been with them for years. Really good people, really good broker, very fast withdrawal times as well. You know, they’re really quick to deal with and efficient as well. Gold Daily trades taken. And Blueberry Markets have lots of other markets available. Just today, for instance, I’ve taken 3 gold trades on the XAU/EUR, XAU/USD, and XAU/SGD. So lots of options there with Blueberry Markets to trade the market that’s showing the best setup at the right time. Like, share and subscribe. Don’t forget to like, share, and subscribe, and email me directly at Andrew@TheForexTradingCoach.com if you’ve got any trading questions. But I hope you enjoyed this video and podcast today, just sharing a glimpse of what we offer here for our clients to help make them successful traders. Episode Title: #646: Watch Me Take 2 Live Oil Trades… Both Won in 31 Minutes 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

  4. 9 ago

    #645: The Trading Mistake That Cost Him 5 Prop Firm Accounts

    The Trading Mistake That Cost Him 5 Prop Firm 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 #645: The Trading Mistake That Cost Him 5 Prop Firm Accounts In this video: 00:26 – Remember hearing about Aesop’s fables? 01:33 – Trading luck on a demo account. 02:40 – Prop firm account failures. 03:42 – When I started trading, I had no idea what I was doing. 04:38 – Trading is harder than you think. 05:13 – Avoid the mistakes and view my Masterclass. 06:04 – Blueberry Markets as a Forex Broker. 06:22 – Questions, Like, share and subscribe. Have you ever confused trading skill with trading luck? I know I used to do it. I’m sure you’ve done it. And I’ve got a great story to share with you. Let’s get into that more right now. Hey there, Trader! Andrew here at The Forex Trading Coach with video and podcast number 645. Remember hearing about Aesop’s fables? Do you remember as a kid you may have heard about Aesop’s Fables? Well, I’ve got a story to tell you today that’s a true story, and it’s about confusing trading skill and trading luck. A number of months ago, I received an email from somebody who was saying, “I don’t need to learn how to trade. I know how to trade, and I don’t need your course because I know how to trade.” And I was thinking, why is this person telling me this? Why are they wasting their time, or my time, telling me this? So I had a little look online at our database, and I saw this person had been on our masterclass. They’d downloaded my book and calculator, they’d been opening emails all the time, and I thought, that’s strange. Why is this person so interested in what we do if they’re so good? And it’s fine if they’re really good. Good on you, go for it. So I wrote back to him and said, “Look, that’s absolutely fine. But keep in touch. If you want to send me some details, I will have a look.” So he sent me his account details. Trading luck on a demo account. Of course, it was a demo account. All I could see was trading luck. I couldn’t see any skill there. Now, of course, I couldn’t tell his strategy and how he was taking the trades, but I could see the results. And yes, there were some very good trades on there in terms of monetary value. But when I looked at the risk and the stop losses and that type of thing, it was a complete fluke. I didn’t quite tell him that in those exact words, but I said, “Look, it looks like your money management and your risk management are not great. They could be improved. We could certainly help you there. Have a look at some of my free videos.” And I left it at that. He wrote back and told me, “Well, I certainly don’t need your help.” So this went around in circles. I was getting a little bit confused. I’m trying to help someone, they didn’t seem to want the help, but they kept writing anyway. I said, “Well, good luck.” And he wrote back and said, “I’m going to be a successful trader trading prop firms.” So I said, “Oh well, again, keep in touch if you really want to, but good luck. Off you go.” Prop firm account failures. Now, just this week I received an email from him saying that he has failed 5 $100,000 prop firm trials. They’ve cost him about $550 USD each, so you can see how much he’s spent. And he’s not made a single penny out of it. It’s no surprise to me because, obviously, to pass a prop firm you’ve got to have low risk and low drawdown. You could see clearly this guy was never going to do that if he continued to trade the same way. So I kind of felt like going back and saying, “Well, I told you so.” I also kind of felt like thinking, “Well, if you’ve just spent 5 lots of $550 USD, for way less than that you could have jumped on our course and be trading the way that we trade, with low risk and following what we do.” I didn’t tell him that, but I kind of felt it, and he’s probably got that feeling himself. So when I think about Aesop’s Fables, it’s like you learn the hard way. A lot of those stories are the same. When I started trading, I had no idea what I was doing. When I started trading, I had no idea what I was doing. Look, I’m not saying I’m immune to this. When I started trading, I did exactly the same. I was trading on a demo account, and I was just randomly putting positions on here, there, and all over the place. Most of the time, no stop losses, just random lot sizes of 1.00 lots because I thought that’s what I should do. I’ve looked at a lot of good trades as well. I distinctly remember showing friends at the time and saying, “I’m going to be a full-time currency trader because look at all these trades I’ve made. I’ve just turned a $100,000 demo account into like half a million dollars in about a month. Look at me.” And I did well. Now, of course, that never happens in real time, in real life, in live accounts, because you soon figure out through the school of hard knocks, whether it’s through blowing accounts or not being able to afford any more money, or like this guy, 5 failed prop firm challenges in a row, that trading is a lot harder than you think. Trading is harder than you think. You do need to treat it properly. You do need low risk. You do need some support and some help. And you do need a proven strategy. So it’s quite interesting when you think about that. This guy could have saved himself a whole heap of headaches, a whole heap of time, and a whole heap of money, and he’s still no better off today. That’s the other thing. He spent 5 lots of $550 on prop firm accounts, and he’s got nothing to show for it now. Sure, he might have learned a few things along the way, but he’s not actually any better off in terms of his logic, his strategy, or any hope of making a return. Avoid the mistakes and view my Masterclass. So look, if you’d like to avoid being like him, and like I was at the very early stages, probably 23 or 24 years ago now, do yourself a favour. Jump onto my masterclass. Have a look. It’s completely free of charge, with no obligation. Have a look. It’s 15 minutes long, and please ask questions of us. That’s what we’re here for. We’ve been doing this for a long time. We’ve got clients right around the world, so we know what works. We know what doesn’t work as well, and we’re doing this ourselves every single day. I’ve just taken a 6-hour chart trade right now, just a few minutes ago, selling the AUD/USD. I’ve taken 2 daily trades so far today already as well. We’ve got several weekly charts on, and at the beginning of this week, the beginning of August, we took monthly chart trades as well, all for our clients to follow, learn from, and hopefully profit from as well. Blueberry Markets as a Forex Broker. If you’re looking for a really good broker, I can highly recommend Blueberry Markets. I’ll put a link to them. They’re a great bunch of people, with really good spreads, lots and lots of markets on their MT5 accounts, and very fast withdrawals as well. So if you have any other questions, don’t forget to email me directly at Andrew@TheForexTradingCoach.com and I’ll see you this time next week. Bye for now. Episode Title: #645: The Trading Mistake That Cost Him 5 Prop Firm 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

  5. 2 ago

    #644: Most Traders Chase Win Rates… That’s the Problem

    Most Traders Chase Win Rates… That’s the Problem  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 #644: Most Traders Chase Win Rates… That’s the Problem In this video: 00:22 – Paul Tillman – Director of Coaching at TFTC 00:53 – On holiday/vacation in Europe and trading. 01:44 – As a trader, be prepared for the unexpected. 02:40 – Casino win rate and your trading win rate. 03:30 – High reward:risk trading in trading is key. 04:35 – Monte Carlo Casino visit. How would you like to achieve a win rate in the forex market that’s much less than you can even get here at the casino? Let’s talk about that and more right now. Paul Tillman – Director of Coaching at TFTC Hello traders, this is Paul Tillman. I’m the Director of Coaching Services here at The Forex Trading Coach, and this is video and podcast number 644. I want to talk about 2 things today that we encounter in the forex market. The 1st one is expect the unexpected for trading, and the 2nd one is achieving a lower win rate, much lower than you can get here at the casino in Monte Carlo. But you can get that rate achieved in the forex market and still do very well in your trading journey. So 1st is expect the unexpected. On holiday/vacation in Europe and trading. My family and I, we’ve been in Europe for the last 11 days. We started out in Paris and got to Disney, and then came down to Barcelona, Spain. And lo and behold, we found out that my wife was missing her passport. So we’re in another country. Talk about things going unexpectedly. So just like in the forex market, we had to pivot. I had to take a flight back up to Paris, come back down to Spain, and then find the passport, get it, come back down, and meet the family just so we can be on this cruise right now. So what does that mean for the forex market? Well, many people think it’s a get-rich-quick scheme. People show you spreadsheets. “Oh, it’s so easy all the time. You can just sprint to the finish line and it’s not a big deal, and you can just get rich fast.” And that’s just not true. As a trader, be prepared for the unexpected. You’re going to have unexpected things happen in the forex market, just like our trip, all the time. You’re going to have spreads that you have to deal with. You’re going to have price spikes you have to deal with. You may not have a certain pair on your broker platform. You may miss a time frame change. You miss a trade. A trade may not fill you in. All these unexpected things that can happen on a trip can certainly happen in the forex market. You’ve got to be adaptable. Yeah, I was adaptable and took an early morning flight to save my family so we could go on a cruise and get home back to the US, back to North Carolina, where we live. And in the trading markets, you’ve got to adapt to all of that. You know, it’s also news trading. What if you have round numbers and full Winter Band support? All of these things you have to account for, and the unexpected can certainly happen. But to succeed, you’ve got to deal with that. Well, the 2nd thing I want to talk to you about is the win rate. Casino win rate and your trading win rate. So here at the casino, many of the games you might have a 47%-48% chance to win. And that’s because the house always has the advantage. So you’ve got a little bit less than a 50-50 chance of winning consistently in the long run in the casino. The great thing about the forex market is, and the way we trade with consistent risk management and a great reward-to-risk, great trading is all about reward-to-risk in the markets. I’m talking about 2-to-1 trades, 2.5-to-1, 3-to-1, 4-to-1. We’re in some great British pound weekly chart trades just this week that, on the market orders, can have upwards of 5-to-1, 6-to-1, or 7-to-1 in the market. And so you can do very well with, say, a rate of even 35%-40%. High reward:risk trading in trading is key. So it’s the 1 thing in the world, really, that you can get a less than 50% win rate and still achieve great results. Different things like sports. Our Carolina Hurricanes had a much bigger than 50% win rate, and they got in the playoffs and just won their 1st Stanley Cup in the last 20 years. Even in all sports like tennis, you’ve got to win more than 50% of the points. In basketball, football, you’ve got to make more than 50% of your kicks and all that. But in trading, you can have that lower win rate and you can still do extremely well. So what are we talking about today? Expect the unexpected when it comes to trading. Be adaptable, willing to make changes on the fly. Have a routine, even though things are there, subjectivity there. Then you’ve just got to go with the unexpected, trade your plan, and get it going. With the casino and the win rate, then you’ve got to make sure you have a decent win rate, but it doesn’t have to be 50-50. Monte Carlo Casino visit. So I’m heading here. Going to go have a look at the casino, see if I can get that win rate for a little bit, and then head back on our cruise and our trip. Andrew will be back next week, but great to talk to you here from our Tillman trip in Europe, and we’ll see you next week. Episode Title: #644: Most Traders Chase Win Rates… That’s the Problem 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. 26 jul

    #643: The Best Forex Pair? Everyone Gets This Wrong

    The Best Forex Pair? Everyone Gets This Wrong  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 #643: The Best Forex Pair? Everyone Gets This Wrong In this video: 00:22 – What is the best Forex pair to trade? 00:59 – Don’t limit your trading opportunities. 01:55 – Give yourself a higher probability of success. 02:25 – An example of Strength and Weakness. 03:50 – What are the current market conditions? 04:25 – Look at multiple FX pairs. 05:06 – Check out my new Masterclass. 05:15 – Book a call to talk with us. 05:28 – Blueberry Markets as a Forex Broker. Hey, traders! Do you know what the best forex pair is to trade? If you don’t, listen up. I’ve got some interesting news to cover for you. Hey there, Traders! It’s Andrew Mitchem here at The Forex Trading Coach with video and podcast number 643. What is the best Forex pair to trade? Now, I’ve been asked 4 times this week already by 4 different people. And it’s the same question. It is, Andrew, can you tell me please, what’s the best forex pair to trade? What should I be looking at? Now, what it does show me is that unfortunately, there’s a lack of knowledge out there by so many people when it comes to trading, and they just always want to know what is the answer? What’s the best thing, what time frame, what pair? What’s my stop loss? Where should my profit target be? All those type of things. And it unfortunately shows that most people don’t do enough research into trading. Don’t limit your trading opportunities. And the problem is, is that people see the major currencies like the EUR/USD or the USD/JPY, and they think that’s the only pair I should trade. And I suppose, in all honesty, when I started, you know, it was the GBP/USD, the USD/CHF, the USD/JPY, and then later on the EUR/USD. And everybody thought those were the 4 pairs you should focus on trading. And the issue is, why just those 4 pairs? Now, when you think about it, all 4 of those that I’ve just mentioned are all US dollar dominated. And therefore, if you focus on pairs that are just US dollar dominated, you’re not giving yourself a very good chance of success because they’re all likely to move, much of the time, in the same direction. And because it depends if the US is strong or the US is weak. Give yourself a higher probability of success. And as a trader, I like to give myself the best probability chance of success. So when it comes to which pair is the right 1 to trade, I don’t get aligned to any pair. I look at all the different pairs and you can very quickly scan through the charts, looking to see if there’s a suitable trade there, yes or no. And the other reason I do that on a daily basis is because I also prefer to trade with strength and weakness. An example of Strength and Weakness. Now, give you an example. Let’s focus again on the EUR/USD. What happens if for today the Euro is really strong and the US is really strong, and that’s the only pair that you look at? Then you’re trading 2 strong pairs together, and you see how the problem might come. 1, you’re unlikely to get many setups or good setups. And what happens if you buy the EUR/USD because the Euro’s got some strength, but you also know now that, and you would know this only if you look at more pairs. If you don’t look at more pairs, you’re not going to know this. The US dollar has got strength. So why would you be buying the EUR/USD if you know that the US dollar has got strength? And so, what about other pairs in the market? What about pairs like the CAD/JPY or the NZD/CHF? And so by analyzing multiple markets at the same time, you can soon understand which pairs are strong, which pairs are weak because, doesn’t it make more sense to trade a strong currency against a weak currency? And so that, to me, adds more basis to my trading. And again, it’s just adding more and more probability to my trading. So when someone says to me, what’s the best pair? I can’t answer it. And of course, there’s more things on top of this, you know, to consider. What are the current market conditions? It depends on the day, what’s happening in the market right now, what news has been, what news there might be coming up, what time frame chart you’re looking at, what’s the conditions? What’s the time of year? Right now we’re in the Northern Hemisphere summer. Does that mean that there’s less price action in maybe, say, the Franc and the Euro? Maybe. You know, so all these things have got to come into it. What’s the characteristic of the market right now? And so by picking 1 or 2 pairs and giving you that as the answer, that’s not me doing my job. That’s not what I suggest you do. Look at multiple FX pairs. I suggest that you scan through multiple pairs and give yourself a high-quality chance of a successful trade. Use strength and weakness. Use candle patterns. Don’t limit yourself to just something against the US dollar. It’s not a wise idea. And so there’s a lot more you can be doing to help yourself there. And if you do want to look at pairs that include the US dollar, why not look at things like the AUD/USD or the NZD/USD? Because maybe if that US is still strong, maybe the Aussie and Kiwi are weak that day. So therefore you might be selling the AUD/USD or the NZD/USD. So all these things can certainly massively help you. Check out my new Masterclass. If you’d like to find out how we do this, and you’d like to learn from the way that we trade, have a look at my On-Demand Masterclass. I’ll put a link to that here. Book a call to talk with us. If you’d like to book a call to speak to myself or 1 of my team, we’re more than happy to do that. And we can cater for people right around the world. So it doesn’t matter what time zone you’re on, you can book a time with us and I’ll put a link to that also here. Blueberry Markets as a Forex Broker. If you’re out there looking for a really good broker where you can trade multiple time frames, multiple markets, multiple currency pairs, and non-forex markets as well, have a look at Blueberry Markets. I’ll put a link to them here as well. So that’s it for this week. This is Andrew Mitchem at The Forex Trading Coach, keeping you on the right side of your trades and putting probability in your favor. Episode Title: #643: The Best Forex Pair? Everyone Gets This Wrong 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. 19 jul

    #642: The Truth About Forex vs Stock Trading

    The Truth About Forex vs Stock 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 #642: The Truth About Forex vs Stock Trading In this video: 00:22 – Should you trade Shares or Forex? 01:04 – Are shares erratic? 01:38 – You need to factor in the exchange rate. 02:31 – You are in charge when you trade Forex. 02:50 – People buy what they know and like. 04:40 – We trade the pattern, not the emotions. 05:12 – Different time frame charts and markets. 05:33 – Check out my new Masterclass. 05:49 – Blueberry Markets as a Forex Broker. 06:05 – Like, share and subscribe. So which is best to invest in, either forex trading or share trading? Let’s talk about that really important topic and more right now. Hey Traders! Andrew Mitchem here at The Forex Trading Coach with video and podcast number 642. Should you trade Shares or Forex? Today I want to talk about share trading or forex trading, which is best, which is best for you, and what are the key differences. The reason I want to talk about this today is because I’ve just seen on the news, right now, that the SpaceX shares have dropped quite a lot. Now, about 1 month ago when SpaceX got launched, I had quite a few people who are friends say to me, “Hey look, Andrew, are you going to get in on this? Are you going to buy SpaceX shares?” Very roughly, they started at about $130 USD, quickly climbed to about $150, and I think they got to about $225 very quickly within a handful of days. Here we are 1 month later, and they’ve just dropped back below $130 again. Are shares erratic? The issue that I see there is it’s kind of a little bit erratic. Now, I’m not saying that all shares do that, of course, but this is just an example of a very well-known share that’s topical right now. So if you imagine that you jumped in there at $150, $175, $200, or even right at the top at $225, and here we are just a few weeks later and it’s worth $130. You’re going to start panicking, aren’t you? That’s quite erratic kind of behaviour, especially if you’ve gone and put some considerable sum of money into that. You need to factor in the exchange rate. The other thing I think that a lot of people outside of the US don’t factor in is the exchange rate. Here in New Zealand right now, the New Zealand/US exchange rate is actually really quite poor. It’s sitting around $0.56. It’s very low. Therefore, that means that if you’re buying something in US dollars, that’s very, very expensive. So you’ve got to factor that in. Now let’s say that you go and take your money out of the shares, and the Kiwi dollar rises up to about $0.70 against the US dollar. This same example, by the way, is typical whether you’re in Canada, the UK, Europe, or anywhere else. You might have made some money on your shares, possibly, but by the time you bring it back at a better exchange rate, you’re actually not making anything. So that’s one thing to really consider as well for everybody outside of the US. You are in charge when you trade Forex. The other thing I think with forex is it’s more consistent. You’re in charge. Of course, you can buy, you can sell, you’ve got leverage, and you’ve got the ability to trade through prop firms as well. So all these advantages mean you don’t need to put that amount of money straight into something and then sit and watch it, hoping it’s moving up. People buy what they know and like. Another classic issue that I see, and SpaceX actually is a very topical one, is people were saying to me, “Hey Andrew, I like what Elon is doing,” and all the other things that are out there. Of course, the news media kind of hypes it all up. People know SpaceX, they know Elon Musk, so they go and buy it. Now, I’m not saying you shouldn’t do that, but what I am saying is people tend to follow things that they know. Another New Zealand classic is back years and years ago, I had a lot of friends that bought Air New Zealand. Here in New Zealand we don’t have a huge amount of iconic companies, but Air New Zealand, being the national airline, is one of those. It’s a globally recognised brand. Years ago I had a lot of friends buying Air New Zealand shares. Why did they buy them? Well, they bought them simply because they knew of Air New Zealand. It’s topical, everybody flies on them here, and so they bought based on the name. Now I’ve just had a look back, and in 2000 Air New Zealand shares were $7.50. They peaked at around $7.50 per share. Right now, here we are some 26 years later, they’re $0.43. Now imagine if you had invested $10,000, or bought 10,000 shares at $7.50 each. Today, 26 years later, they’re down to $0.43. Now imagine what would have happened if you had invested in learning how to trade the forex market back in the year 2000, and the money that you could have made by understanding the markets, different time frame charts, choosing what to trade, whether to buy or sell, what time frames to use, how long you’re in the market for. We trade the pattern, not the emotions. What I love about the forex market and the way that we trade is that we’re trading the pattern. I don’t just trade New Zealand pairs simply because I live here. It’s completely irrelevant. If you’re in the UK, you don’t just trade the pound pairs. If you’re in Australia, you don’t just trade the Aussie pairs simply because you live there. We trade what we see setting up right now on the charts, and that takes the emotion out of it. You’re trading the pattern, and that’s key. Different time frame charts and markets. Just this week, for example, I’ve taken 2 weekly chart trades. One was a GBP/NZD sell and that hit profit. The other was an AUD/CHF buy and that hit profit. You’ve got longer time frame charts like that. Just last night I took a Nasdaq 100 3-hour chart trade. So you’ve got shorter time frame charts like that as well. You’re trading the pattern, and that takes the emotion out of things a lot more. Check out my new Masterclass. If you’d like to find out how we do this and how we can help you do the same, I’ll put a link here to my new masterclass. It’s only about 15 minutes long. It’s on demand. You can just click on it and watch it through. It teaches you about how we trade, what we’re looking for, and how we can help you do the same. Blueberry Markets as a Forex Broker. If you’re out there looking for a really good forex broker that you can trade not only forex but also other markets like metals, cryptos, indices, and commodities, and they’re a great bunch of people as well, that’s Blueberry Markets. I’ll put a link to them here as well. Like, share and subscribe. Don’t forget to like and share this around, especially if you’ve got friends that might be interested in starting trading, or maybe they’re thinking about share trading. Like anything in life, there are pros and cons and traps with everything. I’m not saying don’t trade shares. I’m not saying do trade forex. I’m just giving you some real-life examples that I’ve found through friends of mine, either like the New Zealand example from 26 years ago or like the SpaceX example from just 1 month ago when they launched and the price dropped. By the time you watch this, if you’re watching this years later, the price might be way higher. Who knows? But the point is, do you want to be in control of what you’re doing and decide for yourself? If you do, then maybe consider the forex market. This is Andrew here at The Forex Trading Coach. I’ll see you this time next week. Bye for now. Episode Title: #642: The Truth About Forex vs Stock 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

  8. 12 jul

    #641: I Found a Trading Pattern That Repeats for Years

    I Found a Trading Pattern That Repeats for Years  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 #641: I Found a Trading Pattern That Repeats for Years In this video: 00:32 – How to use and understand Support and Resistance levels. 01:14 – What are Support and Resistance levels. 01:45 – UK Oil (Brent Crude Oil) price bounces at 70.00 02:20 – Charts from 2026 – 2014 showing bounces at 70.00 03:20 – Identify setups at these important levels. 04:38 – Check out my new Masterclass. 05:03 – Talk with us. 05:13 – Blueberry Markets as a Forex Broker. 05:52 – How to contact me for trading help. Do you realize how important support and resistance levels are? Do you know how to find them on your chart and how to take advantage of them to ensure you become a good trader? Let’s find out about that and more right now. The traders, it’s Andrew Mitchem here at The Forex Trading Coach with video and podcast number 641. Outside again on another beautiful winter’s day here in Nelson in New Zealand. How to use and understand Support and Resistance levels. So today I want to talk about support and resistance levels and how you can benefit from understanding them and using them in your trading. Now, it’s very easy in hindsight to go and look at support and resistance levels, and it’s very easy to scan back through your charts and go, “Oh look, the price bounced there and it bounced there,” and you conveniently almost ignore other levels that potentially in real time could have also been useful support and resistance levels but didn’t actually do anything. And so I find that a lot of people, you know, it’s a bit like Fibonacci levels. It’s something that’s very easy if you see a screenshot and ideal support and resistance levels, but in real time it potentially can be quite hard. What are Support and Resistance levels. So support and resistance levels, if you don’t know, are horizontal levels on your charts. And they are where historically prices bounced, reversed, stalled, etc. I tend to find that if you include a round number or look for round numbers, you’ll find that support and resistance levels tend to also form at those levels. Now you can go and find out all about round numbers from a video I’ve made just a few weeks ago. UK Oil (Brent Crude Oil) price bounces at 70.00 But if you look at your charts, a classic example I’m going to use today is UKOil, UK Brent Crude Oil. Go and have a look at your charts while you’re watching or listening to this, and have a look at the 70 level. Now just last week at the beginning of July, you see that the price would have come down to 70 and has now bounced right now as we are speaking. And so I’m going to put 4 screenshots up on screen for you right now for you to have a look at. Now, I’ve identified some of the support and resistance levels, not all of them. These charts you’re going to see right now are the UKOil daily chart. Charts from 2026 – 2014 showing bounces at 70.00 So the first chart you’ll see is from now back to 2023. You’ll see I’ve identified levels where the price has reversed at that 70 level. The next chart you’re going to see will be from 2023 back to 2021. Again, I’ve identified some of those levels so you can see the importance of those price bounce levels. The next chart, this third one, will be 2021 back to 2017. Again, lots of examples here. I have not identified all of them. But just to give you an idea of support and resistance, again, all happening at exactly 70. Then the fourth chart on screen right now is from 2017 all the way back to 2014. Again, lots and lots of examples. So here’s maybe 20-25 examples that I’ve just shown you there on the charts of 1 chart, 1 market, UK Brent Crude Oil bouncing at just that one level of 70. Identify setups at these important levels. Now don’t you think it would have been important last week to have looked at that chart? And by the way, the reason I’m talking about this is because I identified this exact thing to our clients on our forum site when we saw a buy trade on the market that you’ve just been looking at, and the price candle bounced at 70. Now, the important thing to note here is you can’t just go and look at every time that the price bounces at a level and say, “Oh, it’s hit that level, I’m taking a buy trade again,” or “It’s gone through that and bounced at 70 and now I’m taking a sell trade.” You can’t do that. You still need to have a strategy, some logic. From my point of view, we use candle formations and a number of other things that we look at and teach here at The Forex Trading Coach. But the 70 level was hit, the candle bounced at that level, and then formed a good strong bullish candle. So I put the 4 screenshots that you’ve just seen in front of you now on the forum site and said, “Look, here’s the reason. Not only the candle pattern in the right part of the chart, but now it’s bouncing at 70.” And hey, look, go back further in time and look at how important that level was. So the trade I actually took was a 12-hour chart trade. It’s a slightly longer time frame chart trade, and 70 was a massive level. So if you’d like to find out more about how we do this and how we teach our clients from around the world, with clients in 111 countries, how to do this, if you’ve not been on my new masterclass, it’s around 15 minutes long. It’s on demand, so you can just jump on whenever you like. Check out my new Masterclass. I’ll put a link to that masterclass so you can get onto that and have a look at some examples exactly like I’ve just mentioned, and see some actual trades that we’ve taken as well. I’ll put a link to that masterclass. Talk with us. If you’d like to speak to us, you can book a call to speak to myself or one of my team, and I’ll put a link to that here as well. Blueberry Markets as a Forex Broker. If you’re out there looking for a really good, high-quality broker that offers 12-hour charts, such as the trade I’ve just mentioned, and markets like that, not only forex but metals, indices, cryptos, and commodities, I’ll put a link to Blueberry Markets as well. They’re based over in Australia, and pretty much anybody from most countries around the world can open an account with Blueberry Markets. I highly recommend them. Great people, great service, and very good spreads. Withdrawal speeds are incredible. I’ll put a link to them so you can consider Blueberry Markets if you’re out there looking for a good, high-quality broker to trade through. How to contact me for trading help. So that’s it for this week. Don’t forget to like, share, and subscribe. Any questions? Please email me directly at Andrew@TheForexTradingCoach.com. See you this time next week. Bye for now. Episode Title: #641: I Found a Trading Pattern That Repeats for Years 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

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