Online Forex Trading Course

Online Forex Trading Course
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By The Forex Trading Coach

  1. 17h ago

    #653: Don’t Take Another Forex Trade Until You Check These 4 Things

    Don’t Take Another Forex Trade Until You Check These 4 Things  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 #653: Don’t Take Another Forex Trade Until You Check These 4 Things In this video: 00:26 – New to trading and not sure how to proceed? 00:52 – How to organise your charts on your trading platform. 01:45 – I look for a suitable candle pattern. 02:07 – Does the candle pattern form in the ideal part of the chart? 03:38 – Knowing exactly when to look at your charts. 04:34 – Trading at the beginning of the day, the week and the month. 05:18 – When does the next 4 Hour chart open? 06:08 – Check out my new Masterclass. 06:12 – Blueberry Markets as a Forex Broker offering multiple markets to trade. 07:08 – Book a call with us to help you with your trading. So you want to become a trader. But the issue is you don’t know what to trade and when to trade it. I’m going to give you 4 really important points that are going to massively help you. So let’s get into that and more right now. Hey traders! It’s Andrew here at The Forex Trading Coach of video and podcast number 653. New to trading and not sure how to proceed? A lot of people get into trading and they open up their charts. They add lots and lots of indicators. They start taking some random trades. They might fluke it, they might do okay, or they might lose lots on their demo account and then possibly on their live account and they give up. The issue that I find is that so many people just don’t know what to look at. They don’t know what chance to look at and when to look at them. So I’m going to give you some really important points here that I think will massively help you. How to organise your charts on your trading platform. So in terms of what to look at, what I do is I open up all my charts and have them saved on my MT5 platform. So I open up all the, let’s say, the euro pairs, and I put them all 1 after another. So the euro against the US, against the yen against the Frank, against the pound, against the Aussie, against the Kiwi, Canadian, etc. like that. The same with the British pound pairs, then the Aussie, the Kiwi. Look at the US pairs Canadian pairs. And so I’ve got them. I can scan through 1 after another. So if we have an example of the euro let’s say. And I’m looking at the EUR/USD and it’s heading up and the EUR/GBP heading up and EUR/JPY heading up. And EUR/CHF heading up. It gives me a fairly good indication that possibly the strength and weakness is with the strength in the euro. So that starts to help. And it gives me a bias that I’m preferring maybe to see buy trades on euro pairs. I look for a suitable candle pattern. Secondly, when I scan through those charts, I’m then looking for the candle pattern that I’m looking for. And it’s very easy when you’re looking for let’s say Outside bars and Engulfing bars to go. Yes. No no no no. Yes. No. Like that. So it’s very easy to scan through your charts to be able to see a potential candle pattern. Does the candle pattern form in the ideal part of the chart? Thirdly, once I’ve decided which charts are giving me the potential candle pattern, I then need to put a little bit more analysis into that and deep dive into that actual setup and go, okay, so it’s an Engulfing candle. That’s great. But there’ll be lots of engulfing candles all over your charts. You can’t obviously just take every single 1. So you then need to find tune things a little bit more. And so I then like to look at say is my stop loss protected. So if let’s say it’s a by trade, can I put my stop loss below a certain level, maybe a previous swing low below the pivot point, maybe below a round number to protect it. And the opposite of that is is my profit target likely to be hit. Are there like, do I need to make a new swing high to get to my profit target? If I do, I probably don’t want to take the trade. Do I need to get just above a new round number for a for the profit? And so if that’s the case, then maybe I should consider just bringing my profit target down below that round number and either a series of highs to the left. And if my profit target can be below those to give me the high reward to risk that I’m looking for, then that’s a good thing as well. So it’s not only analyzing the candle, it’s putting it into the right part of the chart and then looking. Do you have like some added strength to protect the stop loss? Do you have a likely scenario there that your profit target is going to be hit without needing to make new highs, will get through previous resistance levels, that type of thing as well. Knowing exactly when to look at your charts. And then it’s a case of knowing when to look at your charts. You know it’s all well and good saying I’ll just go and look at the euro and EUR/JPY. EUR/USD, etc. but the very easy way around that is to only look at your charts at the close of a candle, and you’ll know when that is, because the charts are the same all year round. They all work off New York time, so the daily charts are always going to open the New Day at 5 p.m. New York time. Now that may change in your local time depending on where you live in the world. And we’ve just gone through daylight saving here in New Zealand, just moved into summertime. And so in my local time, the daily charts now open an hour later than they did last week. Now, heading into November when the US clocks change as well, that will then for me locally be another hour on again because the US go back for winter, but it’s still always 5 p.m. New York time. That’s always the same as a constant throughout the year of. That’s when the charts open. Trading at the beginning of the day, the week and the month. And so at the beginning of the day, I can look at the daily charts, I can look at the 12 hour charts, 8 hour charts and 6 hour charts, and we do that and we analyze those charts for our clients each day and take trades. Today being the beginning of the month, I’ve also looked at the monthly charts for the month of October now that September has closed. So it doesn’t matter what time frame chart you’re looking at, it’s all based on the close of the candle. The reason I do that is because it’s set. Nothing’s moving higher or lower the candle is set. Any indicators that you look at their set, they’re not moving support and resistance levels. You know they’re they’re sort of fixed anyway. But you know anything that you look at once the candle has closed that’s not moving. And therefore you have time to go make your analysis and take your trade decisions. When does the next 4 Hour chart open? So if you’re looking at, say, 4 hour charts, and you know that the New day opens at 5 p.m. New York time, you’ll also know that you take 4 hours on top of that. That becomes 9 p.m. New York Times. It’s when the next 4 hour candle will close. If you’re looking at 6 hour charts, you’ll know that it will be 11 p.m. New York time because it starts at 5 and 6 hours, that becomes 11 p.m. So that’s how you can know when to look at your charts. Use strength and weakness. Look at the candle pattern, then put that candle pattern into perspective. Is it in the right part of the chart? Have you got reasons to protect the trade? Reasons to get out without sort of causing too much in the way of resistance? Does that give you the high reward to risk it? Looking at if you’ve got strength and weakness analysis in your favor and you know when to go and look at the charts. So I hope that those 4 tips help make things easier. Check out my new Masterclass. If you’d like to know more details, have a look at my masterclass. I’ll put a link to that here. Blueberry Markets as a Forex Broker offering multiple markets to trade. And if you’re out there looking for a really high quality broker, I can highly recommend Blueberry Markets. They have the MT4 and especially the MT5 platform. Lots and lots of markets. I’ve just looked through gold trades today. There’s gold against 6 pairs. It’s no longer all 6 other currencies. It’s no longer this XAU/USD. You know I’ve taken 8 hour chart trades on XAU/EUR and XAU/SGD. But you know there’s XAU/AUD, XAU/GBP and XAU/JPY, XAU/CHN, you know, lots of other markets as well. And that’s what I like about Blueberry Markets. You got lots of choice to look for the highest quality patterns, because of course the way that I trade, I don’t really care what market I’m trading or what direction I’m trading or what time frame I’m trading is getting the patterns. So if you’ve got the ability to look through multiple gold charts and why just restrict yourself to gold against the US. You know, that’s what we used to have in the past with the likes of Blueberry. We’ve got a lot more options there as well. Book a call with us to help you with your trading. If you’d like to book a call to speak to myself or 1 of my team to find out about how we can help you with your trading, I’ll put a link to our booking calendar as well. So that’s it. This is Andrew here at The Forex Trading Coach, and I’ll see you this time next week by for now. Episode Title: #653: Don’t Take Another Forex Trade Until You Check These 4 Things 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. Sep 27

    #652: The Perfect Economic Storm Is Building… Are You Ready?

    The Perfect Economic Storm Is Building… Are You Ready?  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 #652: The Perfect Economic Storm Is Building… Are You Ready? In this video: 00:32 – The looming economic storm. 01:04 – Interest rates are rising. 01:36 – Fuel prices are heading up again. 03:15 – The cost of food increasing. 04:20 – Unemployment increasing and wages not rising. 04:50 – Are you waking up to this yet? 05:27 – Start now and give yourself time to learn. 06:08 – Trade when the conditions suit. 06:52 – Don’t fall for the trading hype on social media. 07:45 – Look at www.TheForexTradingCoach.com Did you know there’s quite a high potential of the perfect economic storm on the way? What are you going to do to make sure that you have safeguarded yourself as best as you possibly can, and to be aware of what’s likely to be happening? Let’s get into that and more right now. Hey there, Trades! This is Andrew here at The Forex Trading Coach for video and podcast number 652. The looming economic storm. Outside on another lovely day here. But I want to talk about the storm that potentially is coming. Not the weather storm but the economic storm. And there’s a lot of quite interesting things likely to be brewing. And it doesn’t really matter where you live in the world. I think this is probably going to affect so many people and it’s not good. And the purpose of today’s video and podcast is not to scare people, but to make people aware and also to make people wake up to like, what are you going to do to ensure that you ride the storm as best you possibly can? So let’s talk with a few obvious examples of happening right now. Interest rates are rising. Interest rates have started rising again here in New Zealand. Have just put them off to put them up in the US and put them up in, I think Australia as well, and, and also Canada and various other countries, and they still talk about them going up further again. So what is that doing. Well potentially that’s making mortgage rates higher. So certainly here in New Zealand has prices have been dropping for some time. So your price of your house, your value of your house is going down. Yet the cost of servicing your debt is going up. So that’s obviously not good. Fuel prices are heading up again. Fuel prices, You know they they went up a while ago. Then they’ve come back a bit around the world and everybody thought oh that was it. And now this started to go back up again. And when you think about the fuel price and diesel especially, you know, it affects everything we do from transportation to the cost of food and basically everything in our lives. And so when you are in countries say, like here in New Zealand, where our New Zealand dollar rate against the US has been dropping quite a lot when we’re importing things in US dollars, regardless of if that product goes up or not, it’s costing us more money and this will probably affect you depending on where you live in the world in a different way. So purely as an example from here, the price of fuel, even if it stayed the same, but the New Zealand dollar is dropping against the US. It’s costing us more and more to import that. But now we’re getting that scenario where the price of fuel is going up as well, and the dollar is dropping against the US. It’s a double whammy. And then you hear, like with the US looking at potentially now stopping a lot of exports of their diesel because they need it, you know domestically and their domestic prices going up. So they’re looking at looking after themselves, which of course that’s what most economies probably should do. And and they’re not so much worried about the exporting of that volume of diesel. And so that’s likely to put a more pressure on the price of countries that import diesel from other places. So you can see how this is starting to all add up. The cost of food increasing. You add on top of that the cost of food and the cost of living, you know, going up anyway. And you know, last week we talked on the video and podcast 651 about health and, you know, people not being able to afford, you know, good food or organic food because of the prices. And to me, what we’re getting right now is probably not even like, you know, the tip of the iceberg. It’s going to get probably just getting higher and higher and higher and getting worse. So you put all this together, you know, what have you got left after your wage and you’re paid for your food and you paid for your mortgage and your transportation. Probably not much. And if you’re struggling with that now, what’s likely to be, say, in 6 months or a year from now? And that’s what I’m talking about, the perfect storm. Because a lot of these things are outside of our control. And, you know, we can’t help what’s happening globally with interest rates or fuel prices. But we still need to live, you know, we still need to pay mortgages, we still need to buy food, and we still need to move around. Unemployment increasing and wages not rising. And this is where I see this big issue coming for people because, you know, unemployment is getting, you know, worse, people are losing jobs. AI potentially is going to, you know, sort of take more and more jobs. And, you know, the the salaries are not great. Wages are not increasing, if at all, but certainly not to the rate that they need to be to cope with this food and fuel, etc.. So I see this as the perfect storm coming, and things are going to get real tough for a lot of people. Are you waking up to this yet? So as I mentioned at the beginning, the point of this is not to scare people is to say, let’s wake up and let’s see what’s happening and what can we do about this. And that, again, is where I see trading has been such a great skill. Now, I’ve sort of said that maybe in 6 months, 12 months time things will be a lot worse. With trading. You cannot get into something new if you’ve not traded and and expect it to solve all your financial problems straight away. It’s not going to. It’s a silly way of getting into it. You’re forcing errors and mistakes, and you’ll probably lose money and give up and blame the broker and forex and me and everybody else but yourself. Start now and give yourself time to learn. You need to give yourself some time to learn this, to study it, to practice, to make mistakes. And, you know, not always our market conditions. Good either. You know, we’ve just come out of the northern hemisphere summer in July and August where the market conditions were really tough, you know, really, really hard. We didn’t, you know, have great months ourselves. We had some good trades and, you know, and also some bad conditions. So we didn’t have a lot of trades. Now we’re starting to see, you know, trades going really well. We just had yesterday. We just had 6 trades posted on our forum site. All 6 were profitable. And today I’m just about to go and take 6 trades on the daily charts and 2 on the 12 hour charts. So there’s lots more happening right now. Trade when the conditions suit. So in other words, when the conditions are good for trading, we we take the trades. And you know, hopefully we do well when conditions are not so good. You just need to be steady cautious. And you can’t expect to make money if conditions are not always there. So my point being is give yourself time, get yourself educated, invest in yourself. Now if you think that investing in yourself today’s expensive, don’t wait till it’s too late and then you’ve got no choice at all. Or you can’t afford to do it. So, prepare when it comes to your health, as I mentioned last week, prepare when it comes to your finances and your future. And that’s where we see good, realistic trading as being such a great way for people to help with passive income. Don’t fall for the trading hype on social media. You know, it makes it drives me mad. It makes me kind of sick when I see some of the rubbish out there online on, you know, on social media of, you know, people just praying around in red flash Lamborghinis and France and you know, it’s it’s people get caught up in that, you know, and people don’t have the attention span and the focus unfortunately, very much these days. And they see that as the way forward. I can promise you, as someone that’s been trading for now, 21 years and teaching for 17, the way forward is to do this properly yourself. Invest in yourself. Take your time to do it properly. Understand the system. Join a community of people who are proven to make this work for themselves. Trade on your demo account to start with this small account, maybe a bigger account or your prop firms. There’s so many options there to make sure that you beat this upcoming storm that’s coming. I think almost certainly it’s coming. Be prepared. Do something about it today. Look at www.TheForexTradingCoach.com If you’d like to find out more, jump on to TheForexTradingCoach.com And we can certainly help you. This is Andrew Mitchem I see this time next week. Bye for now. Episode Title: #652: The Perfect Economic Storm Is Building… Are You Ready? 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. Sep 20

    #651: Your Health Could Be Ruining Your Trading

    Your Health Could Be Ruining Your Trading Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Attend my Free Masterclass Click Here to Download Dr Joe Jacko’s Health Cheat Sheet #651: Your Health Could Be Ruining Your Trading In this video: 00:03 – The relationship between health and trading. 01:15 – Dr Joe Jacko introduction. 03:23 – Are doctors and the medical industry to blame? 05:15 – We’re not taught to think for ourselves. 07:55 – Self-educate yourself and do your own research. 13:37 – Food – the good, bad and the ugly. 17:35 – Physical work and exercise. 20:12 – People still follow and trust the mainstream media. 26:05 – Health cheat sheet – link is in the description. 30:38 – Priorities and how you spend your money and time. Andrew Mitchem Hey there traders Andrew here at The Forex Trading Coach. The relationship between health and trading. Do you know in 21 years have been a full time trader? I’ve never seen herd watched a video or a podcast or seen an e-book ever about health and how it relates to your trading. Now, a few weeks ago, I received an email from Doctor Joe Jacko, who’s been a doctor in the US for over 36 years. [Intro Jingle] His methods and his beliefs in health and well-being a massive. And they align with the way that I think as well. It’s something I think is underestimated. And as mentioned, I’ve never seen anybody talk about health and how it relates to your trading, ever. So I jumped on the opportunity to have a chat with Doctor Joe. And I think you’re going to be fascinated by it and our beliefs and how it can help you as a person with your overall health, mental fitness, well-being and how it can relate to your trading success. So let’s jump into it right now. This is weekly video and podcast number 651. It’s Andrew here at The Forex Trading Coach. And something different for you today. Dr Joe Jacko introduction. Really excited by the chat we’re going to have today with Joe Jacko from Columbus, Ohio over in the US. Joe’s a physician and medical doctor. And we’re going to be talking medicine and banking and finance and talking about the press, things that have happened over the last number of years and how we can help you to potentially think a little bit differently to help you with your, your medical and your financial situation. So welcome along, Joe. Great to have you here. Dr. Joe Jacko Yeah. Thank you Andrew, I appreciate the opportunity. Andrew Mitchem Yeah. Really looking forward to this because I think we think a line on on many things in life. Joe where. Dr. Joe Jacko Would you like to start? Like, hey, before we start, can I just acknowledge your work that you do and bring in timely financial matters to your listeners? Andrew Mitchem Yeah. Cool. Thank you. Dr. Joe Jacko I appreciate that appreciate it. I hope they continue to give you a good rating so you can continue to do that. Andrew Mitchem Yeah. Look, I mean we work hard to make it work for people. You know, we’re real people. We don’t pretend that we’re in some high rise in London or New York where I’m stood here, you know, shorts on, no shoes on, talking to you here, dressed up at the top to make it look a little bit more professional. But, you know, we’re real people doing real things. So that’s why, you know, I think it works. We’re not we’re not pretending to be something we’re not. Yeah. Joe, maybe if you could give everybody a bit of a background, over what you do, what you found, and what you’d like to discuss in this video and podcast. Dr. Joe Jacko Sure. Well, I’m starting my 37th year in clinical practice. And in addition to practicing, what I primarily do now is try to help patients navigate the medical information landscape. I think we all know that there’s some misinformation out there, and I also help patients try to regain control of their health by helping them ask questions of their doctors so they get the most complete information. Okay. And interesting enough, you know, some of this misinformation out there, it really comes from the profession itself. And people may find it surprised to hear that from a physician or a doctor. But it’s taken me about two thirds of my career to come to that conclusion that sometimes we in the profession are the problem, right? Are doctors and the medical industry to blame? Andrew Mitchem Was there any one particular time or point something happened that made you kind of change? Dr. Joe Jacko Yes, there are three. So I wrote a book that kind of goes over all this and it’s called bamboozled, duped and hoodwinked. The keys to escaping the tricks, deceptions and the half truths of the medical industry. And I point to three incidents in the in the book. So one was fairly about halfway through my career. I was given a talk on anabolic steroids. And as I researched, did I realize that a lot of what we were taught as physicians was not complete and that these steroids, although, you know, I don’t encourage their use, they weren’t nearly as dangerous as we were being taught as physicians. And we were in turn trying to scare our athletes from using it. And then the third incident was really had to do with Covid. And I just really thought we went off the rails in terms of our ethics. And I had a hard time following the crowd on that one. Yeah, yeah. Andrew Mitchem Me too. Dr. Joe Jacko And that’s that’s what prompted me to write the book. Andrew Mitchem Yeah. Interesting. That’s really interesting. You talk about book, completely different type of topic. But years ago I thought and I said to my wife, I want to write a book called The Ants and the bees. And the reason I wanted to record it, the ants and the bees, is because you get the bees ordering the hard work. The ants order in the hard work, and they’re all following that pattern, that routine. And I think within society today, more especially now than ever. And like I said, a lot of people kind of woke up during the Covid era, both on that financial and that medical side of things. Everybody just blindly follows what the press say, what the news says. And I don’t know whether it’s they don’t have time or they don’t want to know in terms of looking elsewhere. We’re not taught to think for ourselves. Dr. Joe Jacko Right. Yeah. We’re kind of taught to I think we’re all taught to just kind of blindly follow our leaders and our authorities, and we need to take some time and take a step back and really think for ourselves. And in fact, in the book, I dedicate the book to the independent thinker. And I think that’s the audience that you’re appealing to, the person who will question things and come to their own conclusions. Andrew Mitchem Yeah, that’s right. And in finances as well. Like I remember as a kid growing up on the farm, a parent’s used to get like the bank manager coming back in the day when the bank manager turned up at your place and they said, this is what you need to do to get to retirement. And, and I was thinking, even like at ten years old, I was sitting there thinking, that sounds boring. You know, you’re working and working and working in the hope that you get to 60 or now it’s probably closer to 70. And these days most people are not in a good physical condition. Time to get to 70 to actually go and enjoy that life. And I thought. Dr. Joe Jacko Yeah, we’re kind of caught between our age, our, our health and our wealth, and rarely to all three of them lined up to take advantage of the situation. Andrew Mitchem Correct. And I think there’s a mindset thing as well. You know, there’s a whole, you know, that whole rat race going on and people are just getting more and more sort of blindly following what they have to do. You know, they get up because of their llamas. They’re so to go to work for someone else, to sit in traffic, to dress really nicely, to please someone else, to come home. And it’s dark. The kids have been looked after by someone else. They’re tired, they eat rubbish, they go to sleep and repeat and it’s like, surely there’s a better way than this. Dr. Joe Jacko Yeah, we’re definitely in a rat race, and I’m sure you probably want your listeners to get their money to work for them instead of them working for their money. Andrew Mitchem Yeah, you’re right. And there is that about it. And there’s also the fact that they need to, you know, people want to become independently, you know, sort of able to do this. I think that’s one of the things it’s like, well, if you hand your money over to someone else or these days a robot or AI or something like that, and even if it makes you some money, there’s no mental stimulation. There’s no like, you know, I will say to my, my traders, you got to control your head, in your heart in trading because obviously it’s finances and emotion. But also I think the positive is if you know what you’re doing and you can invest for yourself and you get a good outcome, how good that makes you feel, because you know, you can continue to do this. Whereas if you hand your money over, you don’t know what they’re doing with it. Is it? You know what happens when results start going against you? You start getting a bit nervous. Self-educate yourself and do your own research. Dr. Joe Jacko Yeah, you want to work with expert, but at the same time, I think you really want to self educate yourself on regardless of the topic, so that you know what questions to ask your experts, whether it be your financial planner or your your physician. Absolutely. And yeah, you need to be well educated. That’s one of the things I really encourage with my patients. And in the book is everybody’s got to do their own research. Yes. So that, you know

  4. Sep 13

    #650: The Forex Trading Routine That Gives Me My Life Back

    The Forex Trading Routine That Gives Me My Life Back  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 #650: The Forex Trading Routine That Gives Me My Life Back In this video: 00:30 – Trading while on holiday. 00:45 – I know what I’m trading when the market opens. 01:27 – You don’t have to trade more than once a day. 02:08 – Trading while working or travelling. 02:22 – You don’t have to trade sessions – it’s a myth. 03:04 – Check out my new Masterclass. 03:15 – Blueberry Markets as a Forex Broker. Can you trade successfully just 1 time a day as a full-time trader? Well, absolutely you can. And that’s what I’ve been doing for the last 2 weeks since I’ve been here in Australia on holiday with my wife. I’ll explain exactly what I’ve done and how you can do the same. Let’s get into it right now. Hey Traders! Andrew here at The Forex Trading Coach with video and podcast number 650. Trading while on holiday. Currently on our last day in Australia, and we’re currently in Brisbane, as you can see behind me with the bridge and the cityscape behind that. So it’s currently Sunday and I’ve already been through the daily and the weekly charts for the beginning of next week. know what I’m trading when the market opens. This time tomorrow I’ll be on a plane flying back to New Zealand, and so it’s really important for me to already know what I’m looking at taking. I’ve been through the charts, I’ve scanned through them, I’ve got 2 daily charts setting up really nicely, and I’ve got 4 weekly chart trades. So as soon as the market opens, I can go straight to those 6 charts. I can look at them and I can make a very informed decision if I want to take those trades or not. Now, barring any major opening gaps, I will certainly be taking those trades. So it means already my Monday is just going to be literally a few minutes looking at the charts, confirming and placing the trades. And that’s the beauty of knowing what to do and trading just 1 time a day. You don’t have to trade more than once a day. Now normally at home I’ll look at the charts 2, sometimes 3 times a day. But while I’ve been here in Australia for the last 2 weeks, I’ve just traded just 1 time a day, traded the daily charts and the weekly charts only and, you know, done very well from those trades, and you can do exactly the same. And don’t forget, as I’ve mentioned many times, at the beginning of the day you can also look at, say, like 12-hour charts, 8-hour charts and 6-hour charts. But tomorrow, being the beginning of the week, I’m just going to be focusing on those daily charts and the weekly charts that I mentioned, and it means that literally tomorrow I’ll be spending just a few minutes and placing those trades, and that’s my trading done for the day. Shut the laptop, jump on the plane and head home. Trading while working or travelling. Now I’m on holiday doing that. You can do exactly the same whether you’re traveling like me or whether you’re just, you know, normal day-to-day life going on. And it just shows that you can trade very, very well by trading just 1 time a day. You don’t have to trade sessions – it’s a myth. There’s a whole perception out there that you have to be sitting glued at the charts and at certain times of the day, like, let’s say, European session or US session. And people think that they have to trade these sessions. You don’t. It’s not important that you do that. It’s almost a bit of a myth that people think they need to do that. And honestly, after trading for, what, 21 years full-time, you do not need to do that. And there are far better ways of trading. And I love the set-and-forget approach. I love using strength and weakness, but I also love the fact that right now, on a Sunday, I’ve already been through the charts and I know exactly what I’m going to be placing tomorrow. It just makes life easy and it makes your trading enjoyable. Check out my new Masterclass. So if you’d like to find out more about how we do that, I can strongly recommend you jump onto my masterclass, and you can also find out about how we can help you to do the same on that masterclass. Blueberry Markets as a Forex Broker. And if you’re out there looking for a really good broker, they’re based here in Australia, and they’re Blueberry Markets. And there’s lots and lots of brokers that you can choose from, you know. And there’s some quite good ones and there’s lots of good ones. I’ve found over the years that Blueberry Markets are consistently very, very good. Fast withdrawal speeds, great conditions to trade, good spreads, good platform, good people to deal with. So I’ll put a link to them as well. So that’s it for this week. I’ll be back in New Zealand next week with more trading information just like this. I’ll see you then. Bye for now. Episode Title: #650: The Forex Trading Routine That Gives Me My Life Back 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. Sep 5

    #649: If You Only Have $1,000 to Trade Forex, Watch This First

    If You Only Have $1,000 to Trade Forex, Watch This First  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 #649: If You Only Have $1,000 to Trade Forex, Watch This First In this video: 00:24 – Trading on holiday in Brisbane. 00:48 – Are you firstly profitable on your demo account? 01:30 – Position sizing on $1k account. 02:10 – Downsides to trading a $1k account. 03:20 – Trade the account properly. 03:48 – Forget how much money you are making. 04:22 – Focus on the percentage gain you make. I’m going to give you some tips about the best way to trade your account if it’s, say, like a $500 or a $1,000 live account. Let’s talk about that and more right now. Hey there, Traders! Andrew, The Forex Trading Coach for video and podcast number 649. Trading on holiday in Brisbane. I’m on holiday here in Brisbane with my wife. Been here for the last 10 days, having a great time around the area, and just received an email just a few minutes ago from someone that made a perfect video and podcast topic. They asked me, they said, “Look, I’ve got a $1,000 live account. How can I trade it? What are the best things to do and what should I be looking out for, you know, as a new trader with that size account?” Are you firstly profitable on your demo account? So to me, the important things are that you make sure that, 1st of all, before you go live, that you are profitable on your demo account. When you open a demo account, make sure you open that demo account with a similar size account than you would with your live account. So in other words, if this person is starting with $1,000 live, then start with a $1,000 demo. Don’t start with, say, like a $100,000 demo and then go to $1,000 live because it’s just not going to be the same. And the issue that I see with a number of brokers, you know, they sort of default to like a $100,000 or $500,000 demo account. And it’s just not real when you go live. So that’s the 1st point. Make sure that you’re profitable. Position sizing on $1k account. When you go live, if you do start with something like $1,000, you’re going to be really struggling when it comes to accurate position sizing. So you’re probably, on most trades, going to end up just taking 0.01 lots. There’s not a lot of choice that you have on that. Like, if you’re still trying to keep that low risk and high reward-to-risk out of your trading, but you are probably going to struggle a little bit more when it comes to the real accurate position sizing. So I’d suggest that you go 0.01 on pretty much everything, and if your money management allows you to go up higher than that, then do so. But, you know, you’re probably not going to get it very often. Downsides to trading a $1k account. And the issue that I see when someone has $1,000 now, for some people, $1,000 is a lot of money. For other people, $1,000 is basically play money. The downside for those where it’s play money is that they go, “Oh look, it’s just $1,000. I don’t really care if I lose it. I’m just going to, you know, just play around with it basically.” And the issue there is that they don’t treat their trading properly. The other scenario, when the $1,000 is a lot, is that I look at it sometimes and think, well, if it’s a huge amount of money for you, should you really be trading that $1,000? Would you potentially be better off understanding your strategy still, and then maybe putting some money into maybe a prop firm where you can prove to them that you can trade properly? Because, of course, you could do that with maybe, you know, $50, $100, a couple hundred dollars, depending on the size of the prop firm account that you’re going into. But you might be better off rather than trading that $1,000 of your own money and trading that prop firm’s funds. But of course, once you know what you’re doing. Trade the account properly. So whichever way that you go, the important thing is that you trade it properly and you treat it like it was a lot more money. And so the key there is, like I said, low risk, low lot sizing, trading it properly. If your strategy says you close before the weekend, make sure you do it. Don’t just go, “I don’t really care if it stays open over the weekend,” you know. And if that’s not your strategy, make sure that you treat it properly. Forget how much money you are making. The other important thing to make sure that you do well on that $1,000 account is don’t worry about how much money you’re making. A lot of people say to me, like, “How can I make a living off trading with a $1,000 account?” And the answer simply is you can’t. But it doesn’t really matter. The point of a small account is to get you into the mindset and the mentality of trading live because it affects your head and your heart when you start trading live money as opposed to demo. And that’s the downside, of course, with demo. You never have those true emotions in your trading, whereas you do when it starts to become real money. Focus on the percentage gain you make. So the key is not whether you can make, say, like, you know, turn your $1,000 into $2,000 or $5,000. That’s just silly. This is gambling. The key for me is, let’s say that you turned your $1,000 into, say, $1,200 or $1,400, $1,500. You know, it’s a 20%, 30%, 40%, 50% return on your account with low risk. And then you can start compounding on that and getting more accurate position sizing once you start getting into, you know, up to $1,500-$2,000 and beyond. So really important that you understand the trading 1st, that you’re profitable, you’re comfortable 1st, and then trade your small $1,000 account, if that’s the way you want to go, properly. And make the mistakes on the demo. And also you’re going to potentially make a couple of mistakes when you 1st go live as well. That’s fine. That’s just part of the journey. But it’s not going to cost you an absolute fortune. So I hope that helps. This is Andrew here at The Forex Trading Coach, enjoying Brisbane here, and I’ll see you this time next week. Bye for now. Episode Title: #649: If You Only Have $1,000 to Trade Forex, Watch This First 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. Aug 29

    #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

  7. Aug 23

    #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

  8. Aug 15

    #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

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    Online Forex Trading Course
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