300 episodes

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.

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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.

    #432: Becoming Your Own Boss

    #432: Becoming Your Own Boss

    Becoming Your Own Boss

    

    Podcast:



    Click Here To Learn More About Our 5 Star Rated Forex Course

    Click Here To Learn More About Blueberry Markets

    #432: Becoming Your Own Boss

    In this video:

    00:30 – I’ve received a lot of emails from people who might be losing their jobs

    01:17 - A lot of new rules around the world about mandates

    02:02 – You should consider trading Forex

    03:22 – I’m serious about trading and how to I made a decent return?

    04:54 – What the prop firms want

    06:22 – You need to know what you are doing first

    06:42 – The mini course will re-open in 1 month from now

    07:35 – It’s only going to get worse for many people



    I want to talk about why you should maybe look at considering being your own boss, and learning how to trade Forex properly. It's very topical right now and very important. Let's get into it right now.



    Hey traders, Andrew Mitchem here, the owner of The Forex Trading Coach with video and podcast number 432.



    I’ve received a lot of emails from people who might be losing their jobs



    Came outside today, it's a beautiful day out here. I want to talk about... I've just been receiving a lot of emails. You might think it's a controversial subject, you may not. But I think it's important to discuss it because not many people are. It's all about what's happening around the world right now with COVID injections, vaccinations. Not only that, it's more the knock-on effect of what's happening with so many people with these jobs being mandated that people need to be vaccinated. I'm not here to debate the vaccine; I've got my own opinions. But as a trader, I think it's important because so many people have been emailing me saying, "Andrew, I'm potentially losing my job."



    A lot of new rules around the world about mandates



    Here in New Zealand especially, and it sounds like Australia as well, a lot of rules are coming in that people will be losing jobs if they're not double vaccinated.



    Like I said, I'm not here to be pro or against it. What I am here to say is that it's probably the choice that people are finding that they're going to be without that's for me probably more the issue. The choice to do what they want and how it affects their jobs. So that comes back to why I've probably been receiving so many emails over the last week or two as it's becoming more and more prominent. And it comes back to...



    You should consider trading Forex



    I've said to these people you've got to consider something like trading. But don't just do it just because it's a quick fix, because it's not a quick fix. Don't think that you're going to sit at home and be lazy all day and get up when you want. It's not that at all. You have to work hard at it. It's hard. There's ups, there's downs, there's good times, there's not so good times. Like anything. But it does allow you to have some more control and freedom and to be your own boss.



    I think that's the point that a lot of people around the world right now that people are picking up on, the extra value of trading. Getting away from some of the more traditional lines of work where you are told what to do and when to do it. I think that's one of the beauties that trading offers. Like I said, it's not easy. It takes effort, it takes hard work, it takes dedication. If you think you're just going to waltz into trading and suddenly become a multimillionaire by this time next year forget it. You're in the wrong choice. Or certainly don't come knocking on our door,

    • 8 min
    #431: Client Makes a 40% Account Gain in September

    #431: Client Makes a 40% Account Gain in September

    Client Makes a 40% Account Gain in September

    

    Podcast:



    Click Here To Learn More About Our Mini Course

    Click Here To Learn More About Blueberry Markets

    #431: Client Makes a 40% Account Gain in September

    In this video:

    00:31 – This week’s content

    00:54 – A client makes a 40.05% live account gain in September

    04:23 – Trading at a Prop firm to make great passive income

    05:35 – Our TFTC Mini Course is now live

    07:01 – Take a look at Blueberry Markets if you want a good broker

    08:30 – Share and Like this Video



    I want to explain how one of our clients made an incredible 40% gain on his live account in September with just a 6.3% drawdown. Let's talk about that more right now.



    Hey, folks, traders. It's Andrew Mitchem and I'm the owner of the The Forex Trading Coach. This is video and podcast number 431.



    This week’s content



    Lots to cover on this week's video and podcast. We want to talk about the guy who's just made 40% on his account in September. I also want to introduce you to our new mini course that has just gone live on Facebook and give you an opportunity to join that for this week only with a 50% discount for new people onto that course.



    A client makes a 40.05% live account gain in September



    But let's start with the exciting news that I following on from last week's video on podcast about the client called Brett, who is in South Africa. He made a 40.05% account gain on his live account, quite extraordinary. But I've been through all of his trades. They're actually opened here behind me, sent me a screenshot of his MT4 account, all the trades, the profits and losses. I went through them and the biggest drawdown he's had there was a 6.3% drawdown, quite extraordinary. Very low controlled risk.



    He said to me he only trades once, sometimes twice a day, and that's the 5 PM New York close of day, where he looks at the beginning of the week the weekly charts each day of the daily and the 12 hour charts. So that's going to take him what, 10, 15 minutes once a day. Then a few days in the week, generally Tuesday, Wednesday, Thursday, he'll look at the 5 AM changeover as well. So he's looking just twice a day, absolute maximum half an hour per day and he's made a massive 40% gain.



    Now, he's mentioned when he emailed me a couple things that have just really changed things for him. Number one, he did some one-on-one tuition with Paul Tillman. Paul has been working with me for quite a number of years. He teaches our clients one on one online. He also holds the live U.S. webinars for me every second week and he also moderates the forum site. An incredible trader, fantastic coach, great way of explaining everything. Brett's taken some tuition with Paul and he said that was just fantastic, money well spent just to get to that next level.



    He's also using our Place Fibo Order Script, which is a script for MT4 and MT5 that he literally drag onto the chart. It places your entry and exit levels with retracements, profits, et cetera, controlled risk. Makes placing a trade absolutely simple. No calculating lot sizes, no worrying about does this stop in the right place, or if you move it, do you move your position size or anything like that. It just does everything for you. It's a fantastic script.



    He also mentioned the value that he has placed in our interactive videos that are on our membership site. So our interactive videos are videos where one of our clients, Nick who lives over in Dubai has made them for us.

    • 8 min
    #430: Look Left, Look Right and then Look at Your Profits

    #430: Look Left, Look Right and then Look at Your Profits

    Look Left, Look Right and then Look at Your Profits

    

    Podcast:



    Click Here To Learn More About Blueberry Markets

    Click Here To Learn More About The Course

    #430: Look Left, Look Right and then Look at Your Profits

    In this video:

    00:25 – How looking left and right will make you safer

    00:58 - Don’t only look to the right

    03:23 – Blueberry Markets receive great feedback

    04:11 – Client makes +40% in the month by risking just 0.5% per trade

    05:31 – Please share this video



    When you're trading, you need to look left, then look right, and then look at your profits. Let's talk about that more, right now.



    Hey there, traders. It is Andrew Mitchem here, the owner of the Forex Trading Coach, with video and podcast number 430.



    How looking left and right will make you safer



    And I want to talk about looking left, then looking right, and then looking at your profits. What do I mean by that? Well, as a child, we're always taught by our parents, aren't we, to look left and then look right before you're crossing the road or anything like that? And it prevents you from having problems. And in trading it's exactly the same, yet nobody does it, or very few people do it. Our clients do it because we teach them how to do this. And we talked about this on a correspondence with all our clients just this week, and we had really good feedback. So I wanted to share this whole concept with you.



    Don’t only look to the right



     And in your trading, most of us look at the right-hand side of the chart, because that's where you take a new trade from. You're looking at the price level. You're looking at the candle pattern, maybe whatever indicator you're using, but most people look at the right-hand side of the chart. But what a lot of people don't do is they don't look then across to the left-hand side of the chart and see what's already happened, because that can give you an even higher quality trade signal, or it can prevent you from taking a trade that may look okay, but has some obvious previous price action back to the left-hand side, that should make you not take that trade.



    Now, when you look back to the left or right, you're looking at support and resistance levels, looking at swing highs, where's the price previously bounced at? Have I got enough reason here for my trade to be able to get in a buy trade up to its profit target? Are there any levels back to the left-hand side or ran numbers, previous areas where the price has hit that might actually prevent my price or my trade from getting to its full profit target? Likewise, you can use price action back to the left, to look at swing lows, let's say, or swing highs, and now we've come and bounced at that level and formed our bullish candle, looking for our by trade. So again, you've got a reason why your setup's good. You've got a reason why your profit target should be good to get to your profit target, but also you can use that same principle back to the left. Look at previous swing highs and lows and ran numbers to see, have you got any protection for your stop loss?



    Because the trade's not just about seeing the good setup, it's about saying, well, this may be a good setup, but it could take you out as a stop loss first and then go and hit your profit target. Of course that's no good. So what is in the favour of this trade in terms of our stop loss being protected, to allow the trade to develop over time, to then get to our profit target. So all these things you can use. So looking left and looking right,

    • 5 min
    #429: Trading in a Covid World, plus a 7.5% Account Gain in a Day

    #429: Trading in a Covid World, plus a 7.5% Account Gain in a Day

    Trading in a Covid World, plus a 7.5% Account Gain in a Day

    

    Podcast:



    Click Here To Learn More About Blueberry Markets

    Click Here To Learn More About The Course

    #429: Trading in a Covid World, plus a 7.5% Account Gain in a Day

    In this video:

    00:25 – Everything’s changed with Covid over the past 18 months

    01:00 – Debate around masks, vaccines, lockdowns and passports

    02:28 – Where to from here?

    03:48 – Most issues disappear when you trade Forex

    04:50 – Trader makes +7.5% gain in a day

    06:00 – Are you looking for a good Forex broker?

    07:15 – Send me your questions

    07:31 – Feel free to share the video and podcast



    We're now traders in a COVID world. What does that mean for us as traders going forward, and how can you take advantage of it? Let's talk about that a more right now.



    Hey traders, Andrew Mitchem here, the Forex trading coach with video and podcast number 429.



    Everything’s changed with Covid over the past 18 months



    Well, obviously the last 18 months or so everything's changed for virtually everybody, it doesn't matter where you live in the world with COVID and all the effects of that. And it got me thinking about trading the Forex market and how good it really is and what advantages that we have going forward. I wanted to share some of those with you. And this is for you, it doesn't really matter where you live in the world, it doesn't matter whether you're a business owner, an employee, or an employer. Let me explain what I mean.



    Debate around masks, vaccines, lockdowns and passports



    So right now there's obviously a lot of debate around the world with masks, with vaccines, with vaccine passports, lockdowns, all those things are still going on, and depending on where you live in the world, different countries, slightly different rules. Here in New Zealand, we're still in lockdown mode. I have no idea why, but we still are. It's badly, badly affecting so many people business wise, emotionally wise, it's not good.



    And so if you're, let's say you're a landlord and you own a shop in a town somewhere, anywhere in the world. So obviously, over the last 18 months, it's been lockdowns virtually everywhere, and as a landlord that's going to be pretty tough ind going forward, that's going to be pretty tough because less and less people probably wanting to have cafes and shops, et cetera, in towns.



    And so as a landlord, what do you do? If you're the business owner, if you own the shop or the cafe or whatever it might be business in town, you've had lockdowns, you've had people not coming into work, and so you've had that issue. If you're an employee and you work those places, then obviously, for a lot of you, if you cannot work at home, you've been badly affected as well.



    Now if that's what's happened, and we can't change a lot of that, but let's have a think about going forward from here.



    Where to from here?



    Let's face it, most people don't like wearing masks. Personally, I think they're horrible things. I'm very lucky I work from home and I hardly ever have to wear one. Now if you're the sort of person, if you're an employee, you're now going to be having debates over masks, wearing them all day, and now vaccine jabs, and whether you ...



    And this is not about pros and cons or saying what my opinion is, my opinion to you doesn't matter. The point is that people are going to get very strongly one way or the other. You might think that masks and vaccines are the a...

    • 7 min
    #428: Become an Investor, Not a Follower

    #428: Become an Investor, Not a Follower

    Become an Investor, Not a Follower

    

    Podcast:



    Click Here To Learn More About Blueberry Markets

    Click Here To Signup For the Live Webinar with Ryo

    #428: Become an Investor, Not a Follower

    In this video:

    00:26 – Rich Dad Poor Dad email

    02:24 – Unrealistic expectations

    03:28 – Live webinar with Ryo Chong – come and learn

    05:30 – Where to invest your funds?

    06:50 – Register for the webinar on 25th September



    I'm going to talk about why you should focus on becoming an investor for yourself and not a follower. Let's talk about that and more, right now.



    Hey traders, it's Andrew Mitchem here at the Forex Trading Coach with video and podcast number 428.



    Rich Dad Poor Dad email



    And I have received an email this week from a guy I've been following for years. You probably heard of him, Robert Kiyosaki from Rich Dad, Poor Dad. I've been following him, read all his books and think that he just offers some really good, sound, sensible, common sense advice. I'd like to think that I do the same. But I'd like to read an email and a quote from him that I think relates to so many Forex traders out there, and it's all about investing and why you should learn to invest for yourself. But he asks the questions, do you really want to invest? And what he means by that is, he says that every day he receives emails from people, he talks to people and he says, basically, a lot of people are just too lazy to invest.



    And instead, they want him to tell them what to do. And he said, "That's not investing at all, that's just simply following instructions." He goes on to say, "That when people want to invest in something, what they really mean is they want someone else to tell them what to do." And he says, "Do not follow that path, instead, focus on becoming an investor." And it's what I tell people to do all the time. It's what I've been saying on these last 428 videos and podcasts, just like this. And it's great that he says exactly the same thing. Because like he says, he finishes up by saying, "When you are an investor, you know how to choose your own," he's talking about the stock market, but same thing with currencies, "You know how to choose your own stocks. You will know how to determine your profit goals, how to manage your risk, and so much more. When you are an investor, you will possess a life skill that no-one can take away from you."



    Now, just think about that for a second. That's so true, isn't it? And that's why I constantly say that good education is the cheapest thing you can do if you want to become a good Forex trader.



    Unrealistic expectations



    Now, I had a guy email me just this week saying that he's got about a thousand dollars to invest, and he expects out of that to learn from me and make a thousand dollars every week. And it's like, "Do you really think that's going to happen?" And I can bet he will be the sort of guy that all he would want to do is just follow and follow and follow. Now, that's great, and as part of the course, we offer that ability to follow. We post our daily trades, our forum site trades, et cetera, our live webinars, and that's exactly what we do. But leading on from that, our aim as Forex coaches, is to help you become independent profitable Forex traders, whilst learning from us along the journey. And that's part of the community that we have.



    But ultimately, in order to invest properly as yourself, you've got to learn to stand on your own two feet and do this properly for you. And that's the difference between someone that makes it an...

    • 7 min
    #427: How to Trade while on Holiday/Vacation

    #427: How to Trade while on Holiday/Vacation

    How to Trade while on Holiday/Vacation

    

    Podcast:



    Click Here To Learn More About Blueberry Markets

    Click Here To Learn More About Echo Trade Copier

    Click Here To Learn More About TFTC Pattern Trader

    Click Here To Learn More About 1-on-1 Private Online Coaching with Paul Tillman

    #427: How to Trade while on Holiday/Vacation

    In this video:

    00:26 – Trading while away from home

    00:53 – Trading in less than 30 minutes a day

    02:09 – Amazing feedback about Blueberry Markets

    02:48 – Credit offer on our Echo Trade Copier

    03:46 – Paul Tillman on holiday/vacation in Florida and trading

    04:45 – TFTC Pattern Trader and Echo Trade Copier

    05:35 – Get in contact with Paul Tillman regarding one on one tuition



    I'm going to talk about how you can trade whilst on holiday or vacation, and show you how Paul Tillman's been doing just that for the last two weeks in Florida. Let's talk about that and more right now.



    Hey, traders, Andrew Mitchem here, at the Forex Trading Coach with video and podcast number 427.



    Trading while away from home



    That's right. I want to talk about trading while you're away. And Paul's been over in the US trading, with his family on holiday or vacation as they call it, for the last two weeks, spending time at Disney World. And I'm going to cut to a video in a couple of minutes that Paul has made, especially for you. Stood outside of Princess Castle with his Mickey Mouse ears on, making a video just for you, for this week's video and podcast. So we'll get to that shortly.



    Trading in less than 30 minutes a day



    But the thing I want to cover is he's done that whilst trading in less than 30 minutes per day. And Paul explained how he's done that. And the reason is, is because we only look at the close of a candle for a new trade. Give you a quick example. Wednesday of this week, we posted six trades on our membership site on the daily chats, all in to profit. Four of them have closed for full profit as I'm talking to you right now. Two still open in profit. Yesterday, being Thursday, no daily trades. Happens sometimes. The market was a little bit quieter, but I took a 12 hour and a six hour at the 5:00 PM, New York close, and profit out of those as well. And clients follow these as well, by the way.



    Just last night my time, I took five trades on our 12 hour charts at the 5:00 AM Eastern Standard Time, change over, all in profit and it just shows what can be done, but just really it's about less is more. Quality of trades, taking them when you see them, knowing when to look at your charts. When you see the setups, knowing exactly how to enter and exit. It's the same principle. It's low risk trading, but high reward to risk trades.



    Amazing feedback about Blueberry Markets



    So just wanted to also, before we go to Paul, give a quick shout out for Blueberry Markets over in Australia. The feedback that I've been getting from people who have never traded through them, and now gone through to them over the last few weeks, has been unbelievable, just constantly good feedback. And people don't really compliment brokers, do they? It's very rare. Everybody's quick to moan at a broker, but not many people compliment a broker.

    • 6 min

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