Online Forex Trading Course

Online Forex Trading Course
  • 0,0 (0)
  • INVESTISSEMENT
  • DEUX FOIS PAR MOIS
Online Forex Trading Course

Andrew Mitchem is a full time Forex trader and Forex Coach with clients all around the World. Each week I provide you with the latest Forex news plus important trading tips and advise that will help improve your trading performance.

  1. 15/12/2024

    #572: Forex Trading Tips for Small Accounts

    Forex Trading Tips for Small 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 Watch Prop Firm Masterclass #572: Forex Trading Tips for Small Accounts In this video: 00:29 – How to trade professionally if you have a small trading account? 01:06 – Dangers of gambling instead of trading. 02:05 – Understanding correct money management and having a strategy. 04:15 – You now have the skills to be able to trade. 05:18 – Trading on a Prop Firm account. 06:13 – Final video and podcast for 2024. 06:51 - My 17 minutes Masterclass. 07:07 - Book a Call with us. 07:13 – Blueberry Markets as a Forex Broker. 07:25 – Happy Christmas and I’ll be back in 2025. I'm going to talk about how you can trade successfully if you only have a small live trading account. Let's talk about that a more right now. Hi there, Traders! It's Andrew Mitchem here at The Forex Trading Coach with video and podcast number 572. How to trade professionally if you have a small trading account? I want to talk about a topic that affects a lot of you out there. And it's all about how do you trade properly and professionally. If you only have a very small trading account, you see, the issue is that a small account, depending on who you are and your financial circumstances, may be a lot of money for you. And you become nervous. You're not sure, how to trade. You're fearful of losing money and you feel it's not a sufficiently big enough account to make any sufficient and realistic money out of that account. Dangers of gambling instead of trading. On the other hand, you might be looking at trading, and you might find that a small account just play money for you. The danger of that is that you're likely to do something really silly, and you're likely to not understand risk management, and you're not likely to calculate a lot sizing correctly, or you're just going to gamble the money, or you don't care about stop losses or for trade on forex trades opened over a weekend, whereas maybe your strategy says to shut those trades, you might over trade and take too many positions. And so depending on which side of the of the equation you're at, the issues in some ways are still the same, because a small account can be hard to trade and to make what you call substantial gains on in terms of realistic monetary value. However, it's very important that you trade that small account as though it was a larger account size. Understanding correct money management and having a strategy. It's really important that you understand money management. Now, that account might be such a small account that the only thing you can do on your forex pairs is to trade 0.01 lots, and you may not have a big enough account to have really accurate, lot sizes. However, if that account is small, just trade 0.01 lots. Trade the absolute minimum lot size that you can. The other thing that you really need to, get correctly here is a trading strategy. You know,

    8 min

  2. 08/12/2024

    #571: Why Strength and Weakness Analysis is a Game-Changer as a Forex Trader

    Why Strength and Weakness Analysis is a Game-Changer as a Forex Trader 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 Watch Prop Firm Masterclass #571: Why Strength and Weakness Analysis is a Game-Changer as a Forex Trader In this video: 00:30– Analysing Currency Strength & Weakness. 00:54 – A real trading example using the Japanese Yen. 03:00 – Refining the pairs you trade further. 03:50 – We analyse and post the Daily Strength & Weaknesses. 05:16 – Looking at the Weekly charts at the start of each trading week. 06:10 – Learn how to analyse the strength & weaknesses for yourself. 06:25 - Book a Call and talk with us. 06:40 – Blueberry Markets as a Forex Broker. 07:10 – Comments, Like & Subscribe. I'm going to talk about the importance of trading with strength and weakness in your favor. It's going to give you a massively improved trading performance. Let's talk about that and more right now. Hi there, Traders! Andrew Mitchem here at The Forex Trading Coach with video and podcast number 571. Analysing Currency Strength & Weakness. Today is all about analyzing currency, strength and weakness. Why we do it, how we do it, and how it can massively help increase your overall trading performance. So you think about it in terms of basics. Well, if you're trading something that strong against something as weak. Logic would suggest, it has to add more probability to the trade. A real trading example using the Japanese Yen. Here's a classic example. Let's say the Japanese yen was very weak across the board. And you're looking at a chart, let's say it's the daily chart and you're looking at the JPY it's going up. You're looking at EUR/JPY, it's going up. The USD/JPY, the CHF/JPY, the AUD/JPY and NZD/JPY, USD/JPY, SGD/JPY, HKD/JPY, whatever it is that you have on your charts, everything against the yen is going up. So therefore there's massive yen weakness at this point in time. Now you're probably unlikely to go and take all of those trades even if they were suitable candle patterns, even if they had some round numbers to protect, stop losses and they had room to hit that profit target. So all the things that we look for, you're unlikely to go and say take ¥8, ¥9, ¥10 related pairs. So what you're prepared to do is analyze strength and weakness. Now, we clearly know that right now in our example, the yen is the weakest currency. But what happens if, say, the Australian dollar, the New Zealand dollar and the Canadian dollar were all fairly weak against everything else apart from the yen? So those are the commodity currencies and they tend to move together. So let's say you're looking at the AUD/USD, it was heading down, the AUD/GBP was open, Aussie is heading up. So there's Aussie weakness. You're looking at NZD/USD, it's heading down against the franc is heading down. There's a lot of weakness overall in the New Zealand, the Aussie and the Canadian. So that is telling us that maybe with our streng...

    7 min

  3. 29/11/2024

    #570: Every Trader Must Know About Prop Firms

    Every Trader Must Know About Prop Firms  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 Watch Prop Firm Masterclass #570: Every Trader Must Know About Prop Firms In this video: 00:21 – Tips and information to help you pass a prop firm challenge. 00:52 – Become profitable on your own account first. 01:55 – Keeping drawdowns low and your risk per trade low.   02:57 – Take your time and don’t rush the process. 04:00 – Open multiple prop firm accounts. 05:11 – My 17 minutes Masterclass and Book a Call. 05:20 – Blueberry Markets as a Forex Broker. 05:51 – Comments, Like & Subscribe. So you want to know how to pass a prop firm challenge? Let me give you some tips that can ensure you'll do that right now. Hey, traders! Andrew Mitchem here at The Forex Trading Coach with video and podcast number 570. Tips and information to help you pass a prop firm challenge. Today I'm going to give you some tips and information to help you pass a prop firm challenge. So first of all, what is a prop firm? Well, there are companies out there that will give you money to trade on their behalf for profit share. Once you've proven to them that you can trade properly within that low drawdown criteria and then understand the worth low drawdown criteria, because after all, it's their money, it is not yours and you have to meet their rules in order to pass a challenge. Become profitable on your own account first. Now, first of all, I suggest that you forget prop firms and you go back to basics and you make sure that you are, first of all, profitable, all on a demo account and then a live account of your own. It doesn't really matter how big that live account is of your own. But make sure that you are consistently profitable on that first with low drawdowns. The reason I say that is that when you get on to the prop firm challenge, the numbers increase. You might have been trading a 5 or $10,000 live for kind of your own, and all of a sudden now you're on $100,000 with a prop. From now, sure, you start on a demo account, but the numbers can be quite scary to start with, and it can be quite off putting. So what you have to do is make sure that you trade your own personal live account in the same way and same conditions that you would the prop firm when you go on to that. Otherwise you just wasting your money and throwing it away and don't even bother start on the prop firm. So treat this real. Treat it like a business. It is, you know, serious stuff here. Keeping drawdowns low and your risk per trade low.   So you open up your prop firm challenge and they give you 100,000 demo. Okay. They will probably have a rule such as, like a maximum 5% drawdown. Why? Well, it's their money, not yours. Today we're starting off and we're on a demo. I get that it's not real money, but when you go on to real money, you need to trade it the same way. So let's say we have a 5% drawdown there.

    6 min

  4. 24/11/2024

    #569: How to Trade Bitcoin, Polkadot, and Dogecoin Safely

    How to Trade Bitcoin, Polkadot, and Dogecoin Safely  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 Watch Prop Firm Masterclass #569: How to Trade Bitcoin, Polkadot, and Dogecoin Safely In this video: 00:29 – Bitcoin hits almost USD$95k 01:31 – How do I buy Cryptos. 01:45 – This is how we trade Cryptos.    02:15 – You can trade Crypto long or short. 03:28 – Taking advantage of the big moves in Crypto. 03:42 – Learning how to trade for yourself and Book a Call. 04:19 – Blueberry Markets as a Forex Broker. 04:35 – You can trade Cryptos 24/7 05:17 – Contact us for trading help. So you want to trade the crypto market, but you're not sure how to go about that? We don't have enough money to buy Bitcoin at $95,000. Let's talk about how we can help you to trade cryptos and make money from them. Right now. Hey there, Traders! It's Andrew Mitchem here at The Forex Trading Coach with video and podcast him of 569. Bitcoin hits almost USD$95k So today we're going to talk about cryptos. A lot is happening in the crypto markets right now Bitcoin's hit almost 95,000 USD. If we go back just a few weeks ago it was around 65,000. So it's had a massive, massive increase, most noticeably in the last few weeks since, Trump won the US election. And in November, we have seen, the price of cryptos such as, like Polkadot and Dogecoin, some of doubled, some of almost doubled just in this month of November 24th. So there's obviously a lot of action out there and a lot of people wanting to go and jump into the wonderful world of cryptos. So you're wondering how me as a forex trader is going explain about cryptos to you? Because of course there are, you know, many complicated ways of how you could get into cryptos and had you mind things where you go for wallets and all that type of thing. How do I buy Cryptos. And you might also be asking yourself, how on earth do I buy a Bitcoin? Because I don't have $95,000 US sitting in my back pocket. And even if I did, do I want to go and buy a Bitcoin? This is how we trade Cryptos.    So as a currency trader, I have a quite a simple solution for you. And it is this we trade cryptos such as Bitcoin and Polkadot and Dogecoin, in exactly the same way that we trade the forex market. We use the same charts. I strongly recommend you jump on to MT5 (MetaTrader 5) and you'll find, on almost all brokers now. A massive array of cryptos available to you. You can trade Crypto long or short. Now, the other beauty of that is you can trade short as well. So it's not like you're going out there and going, well, I'm going to go and buy Bitcoin now at $95,000. And I'm hoping it's going to just keep going up and up in value. But what happens if it doesn't. And it suddenly comes back to 65,000. Are you suddenly -30 grand. it's not particularly, good. fear for your heart conditions. if that happens. But the way that we trade cryptos, it's honestly,

    6 min

  5. 10/11/2024

    #568: Why the US Election Results Matter for Forex Traders

    Why the US Election Results Matter for Forex Traders  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 Watch Prop Firm Masterclass #568: Why the US Election Results Matter for Forex Traders In this video: 00:24 – Trump wins the US Election with a massive win. 00:53 – Quiet price action leading up to the election. 01:40 – W1 and Shorter time frame chart trades   02:02 – Selling Silver on the W1 charts. 03:09 – Metals dropped after the election result. 04:17 – The charts tell us what was going to happen with the election. 04:39 - My 17 minutes Masterclass and Book a Call. 05:18 – Blueberry Markets as a Forex Broker. 08:02 – Comments, Like & Subscribe. I want to talk about the US election results and why I'm a technical trader. Let's talk about those topics and more right now. Hey there, Traders! Andrew Mitchem here, the owner of the Forex Trading Coach with video and podcast number 568. Trump wins the US Election with a massive win. So we've just had the results of the US election. This week has been a really good result. It's been a positive result. there's not going to be any indecision in the market now. we're not going to get any delay in the result. We're not going to get any court action and recounts and all that type of thing. So from the markets point of view, it's been a great result. And it's been a good, strong, decisive, positive result. And that's what the market needs and was looking for. Quiet price action leading up to the election. Now leading up to the US election, we've had a, like a quite a quiet couple of weeks, especially on the daily charts. And we've had that indecision and not really too much happening leading up to say, last week. And then the end of last week, we had the US monthly job news, and then the beginning of this week is all being quiet leading up to the election. Then, of course, you don't want to be trading on the election day with potentially, you know, big moves or spreads widening and then we finally got the result and things are likely to now settle down again. So it's been a really interesting couple of weeks. You see the daily charts have been and the slightly longer timeframe charts like the 12 hours have been a little bit more indecisive. Not much happening there. W1 and Shorter time frame chart trades   However you take it out to bigger picture and the weekly charts. We've had some great results and then the shorter timeframe charts between, say, like the two and six hour charts, two, three, four, six hour charts. We've seen some great results as well. So it's really interesting that as a trader, you have to trade what the market's giving you at the time. Selling Silver on the W1 charts. And an example would be, we've taken a couple of, sell trades on silver at the beginning of this week. So we're talking, you know, like three days before the election results, we saw that XAG/USD and also,

    7 min

  6. 03/11/2024

    #567: How to Know If Forex Trading Is Right for You

    How to Know If Forex Trading Is Right for You  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 Watch Prop Firm Masterclass #567: How to Know If Forex Trading Is Right for You In this video: 00:20 – Is trading for everybody? 01:41 – Some people are just lazy. 03:20 – You need to be willing to work at trading.   03:51 – Trading and Painting. 04:30 – Want to join us – Book a Call first. 04:58 - My 17 minutes Masterclass. 05:05 – Blueberry Markets as a Forex Broker. Is trading for everybody? Let's talk about that really important topic and more right now. Is trading for everybody? Hey there, Traders! Andrew Mitchem here at the Forex Trading Coach with video and podcast number 567. Now, I've had a few interesting chats this week and I want to bring this to your attention and really want to say, look, is trading for everybody. the answer is absolutely not. And as a result of what I've experienced this week, I want to explain why I'm saying it's not for everybody. I received a call a few days ago from someone who lives here in New Zealand. He's not a New Zealander. Believe he's living here right now. And I had some doubts when I heard the conversation, and I ended up saying, look, I don't think you should do this. I don't think trading is for you. And certainly we're not a good match. he was, you know, it was all a little bit desperate, needing the money, potentially saying there was health issues. whether there was or not, I don't know, but, you know, it was quite a sob story, and I've only got $300, and I heard it all, and I go, you know, I've heard this so many times over 20 years of trading and teaching. This is not for you. You know, you're not in a position mentally, potentially physically, financially to do this. And if you jump on board, it's going to end badly because people like that, desperate for money, they're not willing to put the time in. Some people are just lazy. You know, people can be very lazy, you know, so they just want a copy. In fact, I did say to him, look, you should probably just go and buy yourself a monthly subscription to a signal service, because I don't think that you're the type of person that's going to be putting in the time, the effort, the commitment, to learn and now, important to note that just because you may not have, money today, that doesn't matter. The thing that we're doing is we're, teaching people how to trade properly, but you still need to put that time commitment effort into wanting to learn how to do it. If you can trade. You can trade on demo. You can trade on small live accounts. You can go through the prop firms, you know, there's so many different ways to be successful without needing the funds to date. Now, sure, if you come on board with us, you need some funds to invest in the coaching. You know, we're not at the giving, our time, our knowledge, our expertise. you know, just for peanuts. You know, we're posting trades every day without fail.

    6 min

  7. 27/10/2024

    #566: How to Trade Without Following the Major Trading Sessions

    How to Trade Without Following the Major Trading Sessions 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 Watch Prop Firm Masterclass #566: How to Trade Without Following the Major Trading Sessions In this video: 00:26 – Which trading Session should you look at? 01:13 – I used to be up all hours of the nigh trading the US session. 02:53 – Profitable US30 and Natural Gas trades.   04:25 – Trade on the close of a candle. 05:30 - My 17 minutes Masterclass and Book a Call. 05:58 – Blueberry Markets as a Forex Broker. 06:26 – Comments, Like & Subscribe. Should you trade the European and US Trading Sessions in order to be a successful forex trader? Let's talk about that a more. Right now. Hey there, Traders! This is Andrew Mitchem here at the Forex Trading Coach for video and podcast number 566. Which trading Session should you look at? Today I want to talk about trading sessions. A lot of people get confused and get this completely wrong. And they think that in order to be a successful trader, whether it be forex or metals or indices, whatever it might be, they think that they should trade what we call the trading sessions. Now the Asian trading session was just based around Tokyo. Then we have the London and kind of that into European trading sessions and then the US trading sessions. And they tend to be the times when this the most activity within the market. And people get very confused and they think, well, I should only be trading the London trading session or I should only be trading the US session, or make sure I try and trade both of them, and it's something that you do not have to do. I used to be up all hours of the nigh trading the US session. Now, admittedly, when I started to trade, I thought that's what you had to do as well because that's what people tell you you should do. But quite often in life, with most things and people tell you you've got to do this. The reality is that there's a far better way of doing it by ignoring what they say. And there's no better example than that. Then for me, living here in New Zealand, the London session is in our evening into our night time, and the US session is the very early hours of the morning. Utterly impossible and unrealistic. Impractical to trade. And just this week I've taken trades on the US30 and also on natural gas. Now the US30, especially being in a US index. Traditionally, I would have thought, well, that means I have to be up at 2:00 in the morning to trade when the US markets are open and when natural gas, slightly less of a, an issue, but again, not a main forex what you call like a mainstream forex pair because it's a gas and the metals, the gases, and the indices and a lot of the commodities as well tend to be based more around the US time of day. Not particularly useful when you live on this side of the world. But really this applies to wherever you live in the world. If you're living in, Europe, let's say you got, well,

    7 min

  8. 19/10/2024

    #565: Why Trading Multiple Time Frames Boosts Your Forex Success

    Why Trading Multiple Time Frames Boosts Your Forex Success 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 Watch Prop Firm Masterclass #565: Why Trading Multiple Time Frames Boosts Your Forex Success In this video: 00:22 – What is the best time frame chart to trade? 01:01 – It depends on how you like to trade. 01:57 – What is the market doing?   02:35 – My preferred times of day to trade. 03:20 – My trading time frames this week. 05:52 – Ideally trade a blend of different time frame charts. 07:10 - My 17 minutes Masterclass and Book a Call. 07:21 – Blueberry Markets as a Forex Broker. 08:02 – Comments, Like & Subscribe. What's the best time frame chart that you should trade as a forex trader? Let's talk about that a more. Right now. Like. Hey there, Traders! Andrew here at the Forex Trading Coach with video on podcast number 565. What is the best time frame chart to trade? Want to talk about a really important topic about different time frame charts. What is the best time frame chart to trade? It's a an issue that so many people struggle with because they get confused when they look at different charts. And as an example, they may look at a daily chart and it looks like, let's say the EUR/USD is moving up. And then they go to a one hour chart and it looks like it's moving down and they don't know what to do. You get that analysis paralysis. Which one's better, which one's more reliable. Which one should I be trading. And I quite often get asked hey Andrew, what's the best time frame if I just had to choose one? What is the best? It depends on how you like to trade. Now, unfortunately, there is no one best time frame chart. So really depends on you as a person and as a trader. You see, if you're the sort of person that wants to sit there for 2 or 3 hours a day studying the shorter time frame charts, almost certainly taking a trade of some inscription then probably the shorter time frame charts are for you. However, on the other hand, if you like to do other things and you want to trade, say just monthlies and weeklies and possibly dailies and you like those longer time frame charts, then that's what you should be focusing on. But also for me as a trader, I think the important thing is to have a balance of both, because a lot of it comes down to not what you want to do or can do. What I want to do or can do. It's just it comes down to the market conditions at the time, and that's the real important factor. What is the market doing?   What is the market going to give us today or this week for this month? That is going to give us a high probability chance of success. And that's why for me, the answer to what is the best time frame to chart to trade is it depends. And also you should look at multiple time frame charts. Now, I'm not saying you need to be there staring at your charts for like hours and hours a day. Far from it. You need to be smart about this,

    8 min
Tout afficher (300)

À propos

Andrew Mitchem is a full time Forex trader and Forex Coach with clients all around the World. Each week I provide you with the latest Forex news plus important trading tips and advise that will help improve your trading performance.

Informations

  • Création
    Online Forex Trading Course
  • Années d’activité
    2013 - 2024
  • Épisodes
    300
  • Classification
    Tous publics
  • Copyright
    © The Forex Trading Coach 2024
  • Site web de l’émission
    Online Forex Trading Course

Vous aimeriez peut‑être aussi

Pour écouter des épisodes au contenu explicite, connectez‑vous.

Recevez les dernières actualités sur cette émission

Connectez‑vous ou inscrivez‑vous pour suivre des émissions, enregistrer des épisodes et recevoir les dernières actualités.
Choisissez un pays ou une région

Afrique, Moyen‑Orient et Inde

Asie‑Pacifique

Europe

Amérique latine et Caraïbes

États‑Unis et Canada