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Online Forex Trading Course
Online Forex Trading Course
300 episodes
1 day ago
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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All content for Online Forex Trading Course is the property of Online Forex Trading Course and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
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.
Show more...
Investing
Business
Episodes (20/300)
Online Forex Trading Course
#602: The Freedom of Trading Anywhere, Anytime
The Freedom of Trading Anywhere, Anytime

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 Follow my 30 Trader US Update
Click Here To Learn How to Gain 1% Daily
#602: The Freedom of Trading Anywhere, Anytime
In this video:
00:34 – I’m back home in New Zealand after 4 weeks in the US.
01:07 – TFTC Coaching remained the same.
01:22 – Lessons from trading while on the road – see here https://theforextradingcoach.com/the-30-minute-forex-trader-us-travel-updates/
02:09 – Less is more approach to trading.
03:03 – Trading in 5 minutes a day and set and forget.
04:13 – The power of an amazing trading community.
05:55 – New course pricing structure available.
06:50 – Blueberry Markets as a Forex Broker.
07:30 – Summary of our US road trip.

So I've just got home to New Zealand, and I've spent the last four weeks trading and traveling around the US on a big road trip with my wife. I'm going to talk to you about what you can learn from my experience, and how it can help you when trading and traveling for yourself. Let's get into that more right now.

Hey there, Traders! Andrew Mitchem here at The Forex Trading Coach with video and podcast number 602.

I’m back home in New Zealand after 4 weeks in the US.

Back in beautiful New Zealand. Back in the winter here. Lovely dark blue sky day. Sunny days. Really great to be home. But we had a great four weeks traveling around the US. I drove on the wrong side of the road for me, and I covered over 4000 miles or 6500km, and we visited ten states.

Now, on that trip, I carried on trading exactly the same as I would have from home. Obviously the time of day slightly different.

TFTC Coaching remained the same.

But everything that I did was exactly the same as I would do from here as far as our coaching is concerned. We still had our live weekly webinars, our live webinars for clients to join in, European session and US session. We still posted our daily trades each day. We still had our form site updated and so everything carried on.

Lessons from trading while on the road – see here https://theforextradingcoach.com/the-30-minute-forex-trader-us-travel-updates/

But from a trading perspective, what I gathered from that trip is you don't have to trade all the time to do really well. And so for me, I took some monthly chart trades. In fact, I've still got a New Zealand US dollar sale trade on.

And this week the New Zealand dollar. In fact just yesterday just crashed. And it's really help that trade.
Show more...
1 week ago
8 minutes 32 seconds

Online Forex Trading Course
#601: Why Quality Trades Beat Quantity in Forex Trading
Why Quality Trades Beat Quantity in Forex 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 Follow my 30 Trader US Update
#601: Why Quality Trades Beat Quantity in Forex Trading
In this video:
00:36 – Trading from the US while on vacation.
01:00 – July and August can give us tougher trading conditions.
01:58 – Less trades but focus on higher quality trades.   
03:00 – Look at a variety of time frame charts.
04:01 – Get onto my 17 minute masterclass.
04:08 – Blueberry Markets as a Forex Broker.
04:11 – Have a chat with us, ask us a question.

Andrew Mitchem
As you probably know, if you've been trading for any length of time, what time of year you trade can also make a big difference in your trading. Currently, summer here on holiday in the US with Paul Tillman and sometimes the summer conditions are not always the best, but we are heading towards the end of the northern hemisphere summer and, good conditions ahead. So let's get into more right now.

Andrew Mitchem
Hey, traders! Andrew here at The Forex Trading Coach with video on podcast number 601.

Trading from the US while on vacation.

Currently on holiday in the US for vacation. Been here for a few weeks. And currently with Paul Tillman and his family here in North Carolina. Currently at Grandfather Mountain a little bit hard to see behind us. We're up in the mist at just over 5000ft.

Andrew Mitchem
Point of this video though, is that we're here trading as normal whilst on vacation or on holiday, and we've had a couple of really good weeks since I've been here.

July and August can give us tougher trading conditions.

And despite that, we are in the kind of the quiet time of year and Paul living here will know more about that. But northern hemisphere summertime, July, August can sometimes be tricky conditions.

Andrew Mitchem
But as Paul is going to explain to you, we're heading out of those conditions and into some good ones between now and Christmas.

Paul Tillman
Right? So right now a lot of people are on vacations, holidays, school is out. A lot of good weather. People are out traveling. So the volumes just naturally going to be lower. Not as many people trading. So the conditions are what are it tougher or more sideways price action? Not as much. In terms of defined trends up and down trading conditions are are okay, but they're not great.

Paul Tillman
Definitely see better. Earlier in the year, before the northern hemisphere summer, and we're coming into, a nice time here in the US fall all the way up to Christmas. We're trading conditions will be very, very nice. We'll have much better trends and, much more quality and high probability setups to pick..

Show more...
2 weeks ago
4 minutes 37 seconds

Online Forex Trading Course
#600: How to Stay Profitable in Any Market
How to Stay Profitable in Any Market

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 Follow my 30 Trader US Update
#600: How to Stay Profitable in Any Market
In this video:
00:35 – Joined by Paul Tillman in the US.
00:55 – How Paul joined TFTC as a client and then coach.
01:42 – Paul's role at TFTC.  
02:18 – The TFTC strategy has never changed.
03:34 – Why would a strategy work on just one pair or time frame?
04:13 – Paul's advice to people who are looking to become a good trader.
05:03 – Join my Masterclass.
05:14 - Blueberry Markets.
05:45 – Paul's best financial decision.

 Andrew Mitchem

The Forex Trading Coaches over 16 years old, and we've been providing information for traders right around the world for a long time. And this is video podcast number 600 where I'm in the US with Paul Tillman. So let's talk about the longevity of what we do and the quality of what we offer and how we can help you to trade successfully.

Andrew Mitchem

Let's get into that a more right now.

Andrew Mitchem

Hey traders. Andrew here The Forex Trading Coach with video and podcast number 600.

Joined by Paul Tillman in the US.

Andrew Mitchem

I'm joined here in the US in Asheville at Biltmore House with Paul Tillman.

Paul Tillman

Hey everyone. Glad to see here. 600 episode big milestone.

Andrew Mitchem

It is indeed. And one of the things that we like to talk about at The Forex Trading Coach is the consistency of what we offer and the longevity of what we offer.

How Paul joined TFTC as a client and then coach.

Now, Paul, maybe you could just give a bit of an introduction of yourself and how we got to meet each other and work together.

Paul Tillman

Absolutely. So, Paul Tillman, I live here, in North Carolina, and I joined Andrew as a client just over ten years ago. I tried to find red flags from a previous experience, and Andrew didn't have any, so, I joined in, and after two years, I said, hey, Andrew, I'd love to, help work with you. And, I have that kind of representative of, trading here for the Forex Trading Coach, in the US and, this side of the world.

Paul Tillman

So, it's been eight and a half years. We've been working together. Andrew came along, and visited here in North Carolina about eight years ago to check things out, make sure everything was legit and good. And, it's been a wonderful, eight years, together.

Paul's role at TFTC.  

Andrew Mitchem

And, Paul, your role in the coaching business and helping people.

Paul Tillman

Sure. So I'm the Director of Coaching here. I help out with,
Show more...
3 weeks ago
6 minutes 12 seconds

Online Forex Trading Course
#599: How to Trade in 5 Minutes a Day While Traveling the U.S
How to Trade in 5 Minutes a Day While Traveling the U.S

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 Follow my 30 Trader US Update
#599: How to Trade in 5 Minutes a Day While Traveling the U.S
In this video:
00:23 – Trading while on holiday travelling the US.
00:59 – Results from the first 2 weeks.
01:41 – Trading and travelling in Europe too.  
02:59 – 30 minutes of trading in the week.
03:10 – Follow long here https://theforextradingcoach.com/the-30-minute-forex-trader-us-travel/
03:42 – Catching up with Paul Tillman next week.

What's it like to trade and travel the U.S. at the same time? I'm in Nashville. I'm going to update you with some great results that we've had in the last two weeks since we've been here. Let's get into that a more right now.

Trading while on holiday travelling the US.

Hey traders! Andrew Mitchem here at The Forex Trading Coach video in podcast number 599.

I hope you can hear me. All right. With the background noise here. I'm just off Broadway in Nashville in the U.S. we've been over here for almost two weeks, and I've been documenting my trades that I've been taking just once a day for literally five minutes.

And the market's been fairly quiet both week so far since I've been here on Monday, Tuesday, Wednesday. But, sort of Wednesday and Thursday and Friday especially, it's just really taking off and we've had some excellent trades.

Results from the first 2 weeks.

So if you did nothing else and just followed the trades that I took last week, and you had a risk of just half of 1% for trade, you'd have made a 4.4% account gain.

This week so far, and I'm recording this on Wednesday evening here in the U.S. and of course, we've still got probably the best trading, conditions to come for the week so far. We're up 2.5% so far, and that's just trading daily charts. I've taken a two hour trade and, an eight hour trade and a 12 hour trade this week, and that's it. So very little action happening on the charts. But when we've had the trades setting up that we've taken off been incredibly good.

Trading and travelling in Europe too.  

And so if you've been following me for some time, you didn't know that a number of years ago. I did exactly the same as this on a trip around the UK, in Europe with my family.

This time we're here in the US, for my wife's 50th birthday. Just the two of us having an awesome time. I've done over 2000 miles so far in two weeks, so it's a lot of driving as well. You kind of forget how big this place is, but my point being is that it doesn't matter whether you're traveling around the US or around Europe or traveling anywhere, it doesn't really matter.

You could just say, well, I'm going to be at home doing normal things. I could be,
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4 weeks ago
4 minutes 6 seconds

Online Forex Trading Course
#598: Forex Tips for Passive Investors by Andrew Mitchem, Patrick Grimes & Steven Primo
Forex Tips for Passive Investors by Andrew Mitchem, Patrick Grimes & Steven Primo

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
#598: Forex Tips for Passive Investors by Andrew Mitchem, Patrick Grimes & Steven Primo
In this video:
00:25 – Top trading strategies for passive investors. 
05:50 – Why I choose to trade the FX market. 
11:47 – The ability to Buy and Sell.    
15:03 – How much time do you need to trade daily?
25:00 – Why so many retail traders lose money.
41:40 – Do you want to invest in your trading education?

Patrick Grimes:

Right. This is Patrick Grimes and I’m really excited to be here today with some awesome people to talk about a completely new alternative investing strategy we have not dug into to this level before.

Top trading strategies for passive investors. 

Two heavy hitters to talk about it. And that is top currency trading strategies for passive investors, also known as Forex. What is that? How does it work? What are the risks? We’re going to dig into all that today. How to be successful at it. Is it passive, is it not? These are all really cool things, and I’m excited to learn about it along with you. I haven’t done this, and this is one of the passion projects. This is my passion project here. This is our Alternative Investing Mastery series and put on by Passive Investing Mastery and myself.

And why are we doing this? We’re doing this because we want to educate investors to achieve mastery in the art of passive alternative investing strategies. So you keep your life back. You can be passive, but you get into alternatives. You’re just all about the stock market, this is not the right event for you or the right series for you because we’re about non-correlated investments outside of the stock market. Ones that don’t rise and fall together.

Now, we educate here. It’s important for us. I’m on over a hundred podcasts and books. I’ve written articles and forums and others. It’s all on my website. I actually give away a couple of bestselling books for free on our website, if you’re interested. I actually sign them and send them out, help inspire people along their journey. And we have this bi-weekly webinar series, which seems to have turned into a weekly webinar series, always featuring a Blue Ocean approach of different alternative strategies.

Now, we’re doing this because we believe financial security happens through a lot of different allocations into different markets, which can only be achieved into these very unique kind of novel alt strategies. And we want you to get to that point where you have true, not just independence, but security, and the abundance, the financial abundance you need for the causes you care about most. That’s our mission here. We do that through education and through sponsoring best-in-class alternative investments, which you can check it on our website.

The next event, before we go any further, make sure you jump in there, one week from today,
Show more...
1 month ago
1 hour 14 minutes 13 seconds

Online Forex Trading Course
#597: Trading on Vacation: How to Do It Right
Trading on Vacation: How to Do It Right

Podcast:

Sign Up to Watch My Trading Videos While Traveling in the US
30 Minute Forex Trader Updates (UK Travel)
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
#597: Trading on Vacation: How to Do It Right
In this video:
00:24 – Trading and travelling.
01:06 – Follow me on my 4 weeks road trip around the US.
02:14 – Where you live is irrelevant.   
02:46 – Sign up to be notified when I make a new trading video https://theforextradingcoach.com/the-30-minute-forex-trader-us-travel/
03:26 – My Europe trip from 2019, see here https://theforextradingcoach.com/the-30-minute-forex-trader-updates/
04:20 – Blueberry Markets as a Forex Broker.
04:39 – Watch my Masterclass.
04:50 - Have a chat with us.

In today's video, I'm going to talk about how you can trade and travel at the same time and enjoy both. So let's get into that and more right now.

Hi there. Traders! It's Andrew Mitchem here at The Forex Trading Coach with video and podcast number 597.

Trading and travelling.

Today I want to talk all about trading and traveling. I'm here in New Zealand still. Although it's the middle of winter it's a stunning day. But by the time you get to watch this video, I'm going to be in Texas and we are in the States for several weeks for my wife's 50th birthday, and we're doing a tour of the US.

And while I'm in the US, I'm going to be trading and traveling and I'm going to be documenting that process so you can see how easy it is with my strategy to be able to trade while you are traveling, while you're enjoying a holiday or vacation, or whether it's just normal life with, you know, everything that happens with work and jobs and kids, hobbies, etc.

Follow me on my 4 weeks road trip around the US.

What I want to show you is whether it is traveling or not, whatever it might be that you want to do, you can trade at the same time and you're not getting in the way of you're traveling and you're trading doesn't take all day. So that's what I want to show you. But by the time you get to watch this video, all being well, I will be in Texas. And because today when you see this video will be a Monday, we would have looked through the weekly charts and the daily charts, and it would have taken us 20 minutes that say tops and place the trades, and that's it for the day.

And then during the week, each day I'll be looking at the, daily charts again, just at exactly the same as normal. Apart from it's just a different local start time because I'll be in the US. It will be in the evening or afternoon time. 5 p.m. New York time is when the daily charts change over.
Show more...
1 month ago
5 minutes 50 seconds

Online Forex Trading Course
#596: How to Pass Prop Firm Challenges with Andrew Mitchem & Etienne Crete
How to Pass Prop Firm Challenges with Andrew Mitchem & Etienne Crete

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
#596: How to Pass Prop Firm Challenges with Andrew Mitchem & Etienne Crete
In this video:
00:05 – Passing a prop firm challenge.
00:19 – Talking prop firm challenges with Etienne Crete.
00:45 – Horror stories from traders starting a prop firm too early.   
02:08 – How to start trading on a prop firm account.
03:13 – How to pick a prop firm.
06:10 – How much should you risk per trade.
08:10 – Treat a demo, a live and a prop firm account the same.
10:25 – Have a proven strategy first before getting on a prop firm account.
15:28 – Does the prop firm have the markets you trade available?
17:15 – How to find us and how to join us at The Forex Trading Coach

Passing a prop firm challenge.

Andrew Mitchem
If you're on a $10,000 prop firm, you know, you you're risking quite tiny amounts, but that's fine, you know? But just go very, very small because just don't get stopped out and you'll eventually, you know, if you're trading good enough, you'll eventually get to that profit target.

Talking prop firm challenges with Etienne Crete.

Etienne Crete
Sitting down today with Andrew Mitchem. we want to do an episode specifically about prop firms and what it takes to become a funded trader, but also kind of scale things up. And you get to the next level of performance to scale it up to, we can make more money trading with more capital. So Andrew welcome back on the podcast. Continue here.

Etienne Crete
Let's start with this. I actually get people who reach out to you and kind of ask you about prop firms and how they should go about it. What's your first train of thought into what is the right time to go for prop firm?

Horror stories from traders starting a prop firm too early.   

Andrew Mitchem
Okay, I find that so many people tell me stories. In that kind of horror stories, they jump in too quick. And I think people aren't doing it realistically. They jump in because they see it as maybe I don't have enough money myself. And it's a it's a good way of potentially earning funds and, and commissions, etc., but they don't have any, background into trading properly themselves.

Andrew Mitchem
You know, they don't have a strategy, the confident in them. And they have proven themselves first. And I think that's the pitfall that too many people jump into.

Etienne Crete
Definitely like trying to get capital before you are profitable trader.

Andrew Mitchem
Yeah. I mean, I just tell people maybe you look at it and, you know, 6 to 12 months time, be real about this. Yes, look prop firm can be absolutely fantastic once you know what you're doing. But spend some time upfront to learn the process of trading. Forget how much money you make. Don't even look at money.

Andrew Mitchem
Just understand the process of trading.
Show more...
1 month ago
18 minutes 5 seconds

Online Forex Trading Course
#595: Join Me as I Trade in 30 Minutes a Day While Exploring the US
Join Me as I Trade in 30 Minutes a Day While Exploring the US

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
Click Here to Access the 30 Minute Trader Page
#595: Join Me as I Trade in 30 Minutes a Day While Exploring the US
In this video:
00:30 – I’m heading to the US
00:59 – Trading and travelling – Join me.
02:05 – Catching up with Paul Tillman.  
02:20 – 20-30 minutes chart time each day.
03:05 – Trading and enjoying life.
03:23 – Get onto my 17 minutes masterclass.
03:37 – Have a chat with us.
03:45 – Blueberry Markets as a Forex Broker.

Would you like to be able to travel and trade at the same time, and make money while you're on holiday? If that's something you'd be interested in, listen up. I've got a great podcast and video for you. Let's get into it right now.

Hey there, Traders! It's Andrew Mitchem here at the Forex Trading Coach video on podcast number 595.

I’m heading to the US

Just a few months ago, my wife celebrated her 50th birthday. And so, to celebrate that we are off in a short time to the US and we're going to be traveling around the US looking to have a great time. Lots of experiences. Meet some great people. While we're there though, I'm going to be trading while some traveling while some on holiday. I'm going to be trading exactly the same as I do at home here in my home office in New Zealand.

Trading and travelling – Join me.

And during that time I'm going to be taking some videos, maybe doing some live feeds and showing you the trades that we're taking and the results of those trades. So if you'd like to follow along while I'm doing that, then I'd love to share that journey and experience with you.

We're flying in and out of Houston, and so being in Texas, I have to go and experience, some Texan barbecue. I've been there before, but this time it's with my wife. It's going to be, just the two of us traveling around having a great time. So I'm big into my barbecue. Want to see how they do it correctly and the right way of doing it in Texas.

And as you may know, I'm now heavily into my music with, guitar playing and that starting to sing. So Memphis and Nashville, we've got to go there and experience what those, two great places have to offer. After all, we're going there for my wife's birthday, and she's into horses. So we're going up to Kentucky to, have a look around a few horse studs, and she farms up that way.

Catching up with Paul Tillman.  

And then we're back to North Carolina to catch up with Paul, who works with me and his family. And, we're going to do some traveling with him, and then we'll make our way back down via New Orleans and back to Houston. So that's going to be our trip.

20-30 minutes chart time each day.

And as mentioned,
Show more...
1 month ago
4 minutes 11 seconds

Online Forex Trading Course
#594: Andrew Mitchem and Marc Walton: Top 5 Forex Mistakes & How to Avoid Them
Andrew Mitchem and Marc Walton: Top 5 Forex Mistakes & How to Avoid Them

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
#594: Andrew Mitchem and Marc Walton: Top 5 Forex Mistakes & How to Avoid Them
In this video:
00:12 – Andrew and Marc discuss their backgrounds and how they started trading.
08:18 – Become a better trader and have a check list.
15:00 – Trading Gold and Silver.  
20:53 – Trading Bots and brokers widening spreads.
29:30 – Riding a bike is like learning to trade.
34:00 – Marc’s average day and setting up the new trading week.
39:15 – Trading keeps you mentally active.
44:50 – How can you monetise your knowledge.
50:33 – Trading and living where we want to.

Andrew Mitchem:
Alrighty! Hi, everybody! Andrew Mitchem here at The Forex Trading Coach. I'm really excited today to be joined by Marc Walton from Forex Mentor Pro. Good day, Marc! Nice to see you.

Marc Walton:
Good day. How are you.

Andrew and Marc discuss their backgrounds and how they started trading.

Andrew Mitchem:
Very very well thank you. I thought Marc, we'd just, spend half an hour. So I just have a bit of a chat two people been trading. Sounds like similar amount of time, some backgrounds. And, just give people a bit of a insight of what we've done over the years and, and, the pros and cons of what we've done and how we're trading today and the changes we've seen.

Marc Walton:
Yeah. I was just saying just saying your path is very similar to mine. We neither of us came from finance. I actually failed math. So level three times.

Andrew Mitchem:
Right?

Marc Walton:
It's ironic. I also have something called dyspraxia, which I never realized until, like, one of my kids had it. But the only way really affects me is I'm not very. I'm kind of number blind, which is bizarre considering what we do for a living. Yeah, yeah. But yeah. But then again, it's to me it's all about pattern recognition.

Marc Walton:
And so I think the main thing is for folks not to get too stressed with, the math side of things, as long as you can control the risk and, and work a simple calculator for it to get the risk right, then maths is not important. I was saying to you earlier, I left the UK. When I left the UK early 2000.

Marc Walton:
Went to live on a little island off the coast of Africa, the Lanzarote in the Canary Islands, which was which is a beautiful place to live. And, I went to sing and play guitar in a band for five years and, thought I'd semi-retired at 40. And then you realize when you retire, you spend more money than you ever did, because.

Marc Walton:
Right. Well, kids in school did now and then, you've got so much free time. So I started looking at trying to make money online. Stumbled on forex, which 20 years ago there was hardly any of it. We we have the other extreme nowadays, as we know with, with YouTube, where there's millions of people stood next to the...
Show more...
2 months ago
51 minutes 28 seconds

Online Forex Trading Course
#593: Why I Trade Coffee, Cocoa, and Crypto Too
Why I Trade Coffee, Cocoa, and Crypto Too

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
#593: Why I Trade Coffee, Cocoa, and Crypto Too
In this video:
00:27 – We don’t only trade the Forex market.
01:06 – More metals now available.
01:25 – We trade Indices, Commodities and Cryptos.  
01:56 – More trading opportunities for high quality patterns.
03:14 – Trades I have open right now on non-FX markets.
03:50 – All trades have equal and low risk.
05:23 – Get onto my 17 minutes masterclass.
05:44 – Have a chat with us.
06:15 – Blueberry Markets as a Forex Broker.

Today, I want to explain to you why we don't only trade the forex market. We look at other markets as well. So let's talk about that more right now.

Hey there, Forex Traders! It's Andrew Mitchem here at The Forex Trading Coach with video and podcast number 593.

We don’t only trade the Forex market.

Now being called The Forex Trading Coach you would assume that we trade only the forex market. Well we used to. And that's because years ago all that was available to us were forex pairs.

And like the GBP/USD and USD/JPY, USD/CHF, etc. the main pairs. And then over time more and more pairs. What were called exotics or minor pairs got added. Things like NZD/CAD and then other pairs got added as times gone on, like ZAR/JPY, things like that, some more and more have been added. And then years ago they introduced a couple of metals and we could trade gold and silver against the US.

More metals now available.

And then more recently we've got access to more metal markets. So example Gold and Silver against the Pound and against the Uen and against the Chinese Yuan and different crosses like that, but also more metals such as, Palladium and Platinum and Copper.

We trade Indices, Commodities and Cryptos.  

We can trade indices like the Nasdaq and different American markets and different Canadian and Swiss franc markets, Yen markets.

We can trade, things like commodities. We can trade coffees and Cocoas. We can trade cryptos, Bitcoins and Ethereums, etc.. So the beauty of trading today on a platform such as MetaTrader 5 is that you have access to so many more markets.

More trading opportunities for high quality patterns.

And you could think of that and go, well that's just going to create more work. Andrew. No, not at all. What it does is it gives you the opportunity once you know what you're looking for, and once you have a strategy that you can scan through the markets really quick, it's giving you more and more opportunity to look for the pattern on a higher quality chart.

So for example, years ago you might have said, well, this trade on the GBP/USD, it's okay. It doesn't quite fit my criteria but it's okay. And you might have taken that trade. Rightly or wrongly. Whereas now you've got the opportunity to scan through more and more markets. And so the way that we trade I don't particularly care what I tr...
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2 months ago
6 minutes 58 seconds

Online Forex Trading Course
#592: Two Traders Talk Prop Firm Trading, Mindset and Lifestyle
Two Traders Talk Prop Firm Trading, Mindset and Lifestyle

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
#592: Two Traders Talk Prop Firm Trading, Mindset and Lifestyle
In this video:
00:25 – Andrew Mitchem and Rimantas Petrauskas talk trading. 
01:05 – Rimantas’s background and how he got into trading and coding.
05:12 – Andrew’s background and how he started trading.   
06:50 – How Rimantas discovered trading.
14:15 – Andrew’s style of trading.
20:40 – Breakthroughs for Rimantas.
29:39 – The dangers of algorithm trading.
36:12 – Controlling your emotions.
43:45 – Prop firm trading.
51:49 – How much do you really want to be a good trader?
58:39 – Andrew’s and Rimantas lifestyle outside of trading.
01:05:20 – Controlling your risk as a trader.
01:10:05 – Summary and contacting Rimantas https://www.mt4copier.com/

Hi everybody. It's Andrew Mitchem here at the Forex Trading Coach. I'm, really pleased to be joined today by Rimantas Petrauskas, who's over in Lithuania. Rimantas lovely to see you. Nice. Nice to be there. Thanks Andrew for having me here. Awesome! Look, I think we'll be really cool if we can give everybody the next half an hour or so, depending on how long we spend.

Andrew Mitchem and Rimantas Petrauskas talk trading

Just talking a little bit about us, how we got into trading difficulties are trading, breakthrough secrets. That we found, you know, things that we're looking at doing into the future. Some pitfalls that people may have, you know, the common issues that people fall into. And then to show everybody a little bit about us as people and what we do with, you know, friends, family, hobbies, etc. would be really cool.

If we can do that because, I think we've both got a very similar kind of story, different different topics and different hobbies, but kind of similar in a way on different sides of the planet.

Rimantas’s background and how he got into trading and coding.

So, yeah. Tell us about yourself. Where are you based? And, and you know, family background, etc.. Yeah. So I just mute the phone. It's just buzzing there. So I am from Lithuania. Yes. A small country in Europe. A lot of people don't even heard about it. Like when I travel to US or somewhere, somewhere further from from Europe.

A lot of people though, you know, like, where is it? You know, and I'm like, oh, it's next to Poland, this small country, you know. So we have to do some background story about Lithuania. So yeah, I'm born and raised here all my life. I love living there. Lifestyle, taxes low, you know, all that stuff. And you can pretty much travel anywhere you want, especially with the freedom that you are on business.

And, and trading can give you. Yeah. So that's what I love about it. And, yeah, my story began, I would always say 15, 16 years ago, you know, you know the saying, well, there's this, famous saying, they say, you get you get you get two lives, like the first one when you're born and the secon...
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2 months ago
1 hour 11 minutes 27 seconds

Online Forex Trading Course
#591: Why Smart Traders Let the Market Come to Them
Why Smart Traders Let the Market Come to Them

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
#591: Why Smart Traders Let the Market Come to Them
In this video:
00:32 – Why does the trade always go against you?
01:22 – Why do you enter the trade where you do?
02:32 – I use limit orders to enter a trade.   
04:22 – Entering the market for a reason.
04:50 – Get onto my 17 minute masterclass.
05:18 – Blueberry Markets as a Forex Broker.

Do you feel that as soon as you enter a trade, the market goes completely against you? You've entered a buy trade. What happens? The market drops. Well, if you do. I've got a great solution for you to help you with that problem. So let's find out about that a more right now.

Hey there, Traders. It's Andrew Mitchem here at The Forex Trading Coach with video and podcast number 591.

Why does the trade always go against you?

An issue that I find so many people feel that they have is they see a trade. They place a trade. Let's say they place a buy trade on the EUR/USD and they're expecting the market obviously to move up. Well, what happens when market moves down.

And they feel that as soon as they get into that buy trade the market's changed direction. It falls against them. And they take a loss on the trade. And they feel frustration because it's almost like the market knew I was ready to place a buy trade. And it waited for me to place that buy trade. And then it fell.

Why does that happen? Complete and utter frustration. And people feel it all the time. And they have done for years and years. And I know when I started trading, I used to feel exactly the same. So there's a few things here to help you with.

Why do you enter the trade where you do?

When you place that buy trade, for example, why do you place that buy trade at the time you do? Do you place that buy trade? For a technical reason, let's say if you're a technical trader, do you place it at a just above a round number or just above a previous support level or a resistance level from a while ago now becomes a new support level, a swing low that may have been at that level already, or it's the daily pivot point.

Or why do you place that trade? Do you have anything else to back the reason for entering that trade right now, other than “I'm ready, I've seen a set up, I'm placing buy”. Because if all you're doing is placing by for some random reason, then why would the market suddenly go in your direction? Because quite often you might be finding that the market will keep falling back to that support level or something which is below your entry price. Don't forget that most people place a trade because they happen to be ready, and that's not how you should trade.

I use limit orders to enter a trade.   

For me in most of my trading, I'm mainly use what are called limit orders. So as a buy trade, for example, I'm entering below the current price and I enter the trades for a reason at that price for a reason.
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2 months ago
6 minutes 38 seconds

Online Forex Trading Course
#590: What Every Struggling Trader Needs to Hear Today
What Every Struggling Trader Needs to Hear Today

Podcast:

Find out How We Can Help You
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
#590: What Every Struggling Trader Needs to Hear Today
In this video:
00:25 – What is holding you back from being a successful trader?
00:52 – Examples of common frustrations.
01:31 – Email me andrew@theforextradingcoach.com   
02:47 – We want people to be successful traders.
03:24 – Get onto my 17 minute masterclass.
03:33 – Blueberry Markets as a Forex Broker.
04:09 – Contact me https://theforextradingcoach.com/learn_to_trade_forex/

What's holding you back from being a fantastic and successful trader? Let's talk about that a more right now

Hey there, Traders! It's Andrew Mitchem here, the owner of The Forex Trading Coach with video on podcast number 590.

What is holding you back from being a successful trader?

So I'd like to find out from you what's holding you back. The reason I wanted to do this is because I want to help you. We're already, like, into June. The year is disappearing fast. So rather than the usual videos and podcasts where I'm giving you information, I thought I'd change this around and ask you to provide me with information like what is it that is holding you back?

Examples of common frustrations.

It might be a number of things. It's probably not just one thing, but to give you an example. It could be that you just don't know what you're doing. You've got confusion. You've got analysis paralysis. You might not think you have enough money to start trading or enough time to start trading. Or you might think you live in the wrong part of the world. On the wrong time zone or too many kids. So you're working too many hours, or your strategy doesn't work, or you're on forums all the time trying new things and nothing seems to work, or you think it's time to start blaming the market, or your broker, or you're not sure what markets to trade. There could be a variety of things.

Email me andrew@theforextradingcoach.com   

But what I'd love you to do in order for me to help you, I'd love you to send me. Send me an email. And my personal email address is Andrew@TheForexTradingCoach.com. I'll put a link to that somewhere on this page. If you're watching or if you're listening, you can just write that down and email me directly. But I'd love to get some feedback from you of what are the main things.

As I've mentioned, it's probably not just one thing. Give me a list of reasons that's holding you back with us that you feel is holding you back from being profitable. What is it that I can provide content with to help you to become successful?

Obviously you can't change the market. So if your issue is the market is not doing anything, which is probably not very true, but let's say that was your issue. I can't help you.
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3 months ago
4 minutes 25 seconds

Online Forex Trading Course
#589: How Trading the Candle Close Can Improve Your Results
How Trading the Candle Close Can Improve Your Results

Podcast:

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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
#589: How Trading the Candle Close Can Improve Your Results
In this video:
00:32 – When should you look at the charts?
01:05 – When we look for a new trade at The Forex Trading Coach.
02:21 – Only look for a trade at the close of a candle.
04:09 – Multiple time frame charts change over at the same time.
04:50 – Reduce the amount of chart time.
05:34 – Get onto my 17 minute masterclass or book a call with us.
05:58 – Blueberry Markets as a Forex Broker.
06:29 – Like, share and subscribe to receive notification of more trading videos.

Did you know that if you only look at your charts at the close of a candle, it's going to massively improve your trading performance and also massively reduce the amount of time that you spend looking at the charts. So let's talk about that very important topic and more right now.

Hey there, Traders! It's Andrew Mitchem here, the owner of The Forex Trading Coach with video on podcast number 589.

When should you look at the charts?

So a lot of people struggle when it comes to knowing when they should be looking at their charts and what time of day that should be, what time frame charts to look at, what pairs, what markets, etc.. Is it the European session, the London session?

You know, the Asian session, the US session. What is it? And they get very, very confused with all that happening. And they really don't know when to look at charts. So as a result of that they tend to spend far too much time looking at the charts, waiting for this pip to move up and down, or that line to cross over that line or a dot to appear because it doesn't work.

When we look for a new trade at The Forex Trading Coach.

So what can you do to simplify things? Well, very easy really, the way that we tried here at the Forex Trading Coach and the way that I've traded now for over 20 years is I only look for a potential new trade upon the close of a candle. So, you know when the candle closes, because the market opens each new day at 5 p.m. New York time.

So if you were trading, let's say, four hour charts, you know that at 5 p.m. New York time, the new day starts. So you know that four hours later from then, which will be 9 p.m. New York time, the four hour charts will change over. And therefore, you know, if you add four more hours to that becomes 1:00 Am, 5:00 Am, etc.

How easy it is to know when the four hour charts change over. Now, obviously in a day this is one day the candle and you know when it changes. Obviously within the 24 hour time period there are two 12 hour charts. Guess what? There are 5 p.m. and 5 a.m. New York time. You know, there are three eight hour charts. There are four six hour charts. There are six four hour charts. Very, very easy to do this. .

Only look for a trade at the close of a candle.   

And so if you look at the close of a candle,
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3 months ago
6 minutes 50 seconds

Online Forex Trading Course
#588: What You MUST Know Before Using AI in Forex
What You MUST Know Before Using AI in Forex

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
#588: What You MUST Know Before Using AI in Forex
In this video:
00:25 – Can you trade using only AI?
01:22 – You are brave to trust AI to trade your money.
02:02 – Are you too lazy to trade?
03:20 – The knowledge and ability to trade for yourself.
04:34 – Knowing how to trade first.
05:09 – Get onto my 17 minute masterclass.
05:28 – Blueberry Markets as a Forex Broker.
05:40 – Have a chat with us.
05:57 – Like, share and subscribe to receive notification of more trading videos.

Can you trade using only AI? It's a question I've been asked this week. I want to give you my opinion on that, so let's get into that a more right now.

Hey, this is Andrew Mitchem here, the owner of The Forex Trading Coach with video and podcast number 588.

Can you trade using only AI?

I received an email just this week from somebody saying I'd like to trade using only AI, and I'd like to pass a prop firm using AI trading system through only using AI. Can I do that? How do I do it?

Well, you see, the obvious issue here is that is this person doing it because they want to save some time? Are they lazy? Do they not understand trading? Or maybe they do understand trading? You see, there's a lot of variables out there when it comes to AI because of course it's all around us and what we really like it or probably don't like it, depending on your point of view.

It's here to stay. But from a trading point of view, both from a personal point of view, mentally, a trading point of view is AI all it's cracked up to be, and can you use it purely as your only way of trading?

You are brave to trust AI to trade your money.

Well, first of all, I would say you've got to be pretty brave if you're going to be allowing your own personal capital. Let's say, to be traded purely by AI. You've got to be quite brave. Let's say you know something about trading. Okay. So you're going to create an AI system. How did you go about it? What are the rules and the obvious upsides of expert advisors or trading bots or AI whatever you want to call it is it takes emotion out of trading. That's the obvious upside. You know, it works 24 hours a day. I get all that. You know, it's there's a lot of, obvious upsides to it.

Are you too lazy to trade?  

But the problem is, is if you are doing it simply because you can't be bothered or you're lazy or you think you're too busy to trade, well, do you have enough knowledge about trading to know what it is that you're creating?

How do you know what rules to create? How do you know when it's working or when it's not working? Sure, you can go, well, it's making me money or it's not okay, so let's say it's making you some money. What happens when it stops making you money? Is that the bot that suddenly or AI that suddenly changing? Or is that the conditions in the market?

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3 months ago
6 minutes 11 seconds

Online Forex Trading Course
#587: How This One Forex Strategy Stood the Test of Time
How This One Forex Strategy Stood the Test of Time

Podcast:

Click Here to Signup For Our 16th Birthday Sale
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
#587: How This One Forex Strategy Stood the Test of Time
In this video:
00:32 – 16 years of coaching Forex traders from all around the World
01:18 – A proven trading strategy
01:55 – I won a global signal service competition 
02:50 – How I started The Forex Trading Coach
04:30 – Clients in 108 Countries and a global trading team
05:56 – Register for our 16th birthday sale – click here https://theforextradingcoach.com/16th-birthday-sale/
07:37 – Blueberry Markets as a Forex Broker
08:04 – Thank you for being part of the journey

We turned 16 years old here at The Forex Trading Coach this week. It's something we're immensely proud of, and I like to share our journey with you and to see how we can help you to become a successful forex trader. Let's get into that a more right now. Like.

Hey there, Traders! It's Andrew Mitchem here at The Forex Trading Coach with video and podcast number 587.

16 years of coaching Forex traders from all around the World

So that's right we turned 16 years old this week here at the Forex Trading Coach. Something that we are immensely proud of. And it's a huge achievement when you consider the overall opinion of the forex market. And when I look back to when I started coaching back in 2009, and you look to see who's still out there today, helping people, either coaching or brokers, whatever it is related to the forex market, who are actively working today and we're active back then, there's not many of us out there.

So our longevity and what we do, our credibility, I think, just absolute testament to the hard work that goes into doing what we're doing.

A proven trading strategy

And also the quality of the trading strategy to have, you know, something that back then was working really well. And let's continue to and today and 2025 continues to work just as well on even more time frames and even more markets that we now have available to trade for us.

So it's it's absolutely, brilliant that the strategy work, it works so well and has helped so many thousands of people from right around the world over those last 16 years. In fact, we have clients in 108 countries.

I won a global signal service competition 

Now, jump back a few years prior to that, back in about 2006, 2007, I entered a signal service competition where they tracked, people, selling signals for about six months or a year.

I think it was. And my strategy won. So out of hundreds if not thousands of people selling signals or sending signals to this company back then, I won and it was a great achievement. I was very proud of doing that. And that then led on to The Forex Trading Coach starting almost by accid...
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3 months ago
8 minutes 39 seconds

Online Forex Trading Course
#586: How to Trade Monthly Charts for Massive Reward:Risk Trades
How to Trade Monthly Charts for Massive Reward:Risk Trades

Podcast:

Click Here to Signup For Our 16th Birthday Sale
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
#586: How to Trade Market Crashes Caused by Tariff News
In this video:
00:25 – I’m too busy – how can I trade?
01:24 – How long does a Monthly trade remain in the market?
02:02 – When to trade Monthly charts?  
03:40 – 1to 5 trades show on most months.
05:00 – Register for our 16th birthday sale – click here https://theforextradingcoach.com/16th-birthday-sale/
06:41 – Blueberry Markets as a Forex Broker.
07:25 – Like, share and subscribe to receive notification of more trading videos.

Do you want to know how you can successfully trade just once a month off the monthly charts? Let's talk about that and more right now.

Hey, traders! It's Andrew Mitchem here, the owner of The Forex Trading Coach with video and podcast number 586.

I’m too busy – how can I trade?

So I get questions from people that say, look, I'm not interested in trading, you know, all the time staring at charts all the time. What can I do? Well, for me, and it's there for start to consider the higher time frame charts.

And the best example of that where you only need to look at your charts just once a month, will be trading off the monthly charts. Now, the beauty of the monthly charts is they contain so much information because obviously each chart, each candle contains one month's worth of information of price action. And the other great thing about that, because there's so much information that they tend to be one of the most reliable chart setups.

And you have to be aware that because they are monthly charts, you will find that trades will take potentially slightly longer to work out. But just think of it as a candle or a bar.

How long does a Monthly trade remain in the market?

In other words, if you were trading on, let's say, a four hour chart, you might expect they trade to last in the market maybe one, two, three, four bars. And therefore when you're trading on a monthly chart, it's no different. So you have to be willing to leave trades in and let the market and the price action do its thing. But the great thing about trading monthly charts is all you need to do is look at your charts just once a month, and that's on the last day or the completed day of the month. So, for example, for this month, we have, the 1st of May coming up on Thursday of this week.

When to trade Monthly charts?  

So on Thursday, the 1st of May, the Wednesday candle, which is the 30th of April, would have close. And therefore we can then when all those, candles close at, 5 p.m., New York time, when the candle is closed, the next month will open, which is the 1st of May.

And at that point, we can go and make our analysis on all of the closed an...
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4 months ago
7 minutes 36 seconds

Online Forex Trading Course
#585: How to Trade Market Crashes Caused by Tariff News
How to Trade Market Crashes Caused by Tariff News

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
#585: How to Trade Market Crashes Caused by Tariff News
In this video:
00:30 – Tariffs in the news.
00:55 – Technical trading allows us to trade long and short.
02:10 – Market rises earlier this year and then falls.
03:18 – Watch the charts and remove emotion.
03:59 - 20 minutes Masterclass and book a call with us.
04:28 – Blueberry Markets as a Forex Broker.

You've probably heard over the last couple of weeks that tariffs have been in the news. Let's talk about tariffs and trading and how as a trader we can bypass that news and profit whether the market's moving up or down. Let's talk about that a more right now.

Hey there, Traders! This is Andrew Mitchem here, the owner of The Forex Trading Coach with video and podcast number 585.

Tariffs in the news.

So unless you've been living under a rock, you probably have heard about tariffs in the news over the last few weeks and how the markets have been all over the place. And, you know, there's a lot of, people grumpy about what's happening, and the mainstream media are doing their best to stir it up because, you know, of who's doing it. Just typical mainstream media.

Technical trading allows us to trade long and short.

The great thing is, though, as a trader, as a technical trader, where the market's moving up and down and whether it's tariffs or somebody is saying something or something's happening, it doesn't really matter.

You see, the press have been winding up the moves that Trump's, had a result of because of his tariff speech, as market crashes.

And that's just, again, mainstream media trying to make big news out of something. And trying to discredit someone, whereas what's actually happening is all that's happened. Yes, the market, moves so big and yes, they fell away. But as a technical trader, I can look at my charts on most of the like the Dow Jones and the S&P 500 and the and the UK Footsie in different markets like that around the world.

And see that all that's happened is the prices come down to a technical level of where the markets were towards the end of last year, towards the end of 2024.

So from a technical trader's point of view, there's nothing extravagant that has happened. Although you wouldn't, believe that from watching mainstream media news.

Market rises earlier this year and then falls. 

And the prices has gone up through, you know, December, January, February, March. And it's just come back. Yes. It's happened quickly. Yes. It was a big move, but it's just come back to support technical levels. And now the price is moving back up as I'm recording this right now. The interesting thing is that yet again, mainstream media, nobody talks about the benefits of, oil prices dropping, you know. Yeah, that's crashed.

But again, they tended for some reason, wonder why I keep very quiet on those sort of thi...
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4 months ago
5 minutes

Online Forex Trading Course
#584: How to Trade Bigger Time Frames with a Small Account
How to Trade Bigger Time Frames with a Small Account

Podcast:

Click Here to Download my Lot Size Calculator
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
#584: How to Trade Bigger Time Frames with a Small Account
In this video:
00:34 – Do you have a small trading account?
01:17 – Understanding risk and your lot size correctly.
03:58 – Profit targets are all relative to the movement in the market.  
05:34 – Use my free MT4/MT5 Lot Size Calculator Script.
05:45 - 17 minutes Masterclass and Book a Call.
06:02 – Blueberry Markets as a Forex Broker.
06:45 – Comments, Like & Subscribe.

Do you often find that with the small trading account, you have difficulty placing trades on charts like daily or weekly or monthly charts that need a bigger stop loss size, and therefore we cannot take the trades. If that's you. Listen up, I've got some great tips and information to share with you. Let's get into it right now.

Hey there, Traders! Andrew here, the Forex Trading Coach with video and podcast number 584.

Do you have a small trading account?

So I want to talk about people with small trading accounts because a lot of the times I hear people say to me, look, I can't take those longer time frame charts. I can't take trades on a daily chart or weekly chart. So monthly charts, because I don't have a big enough account size to allow for a big stop loss.

And unfortunately, it's a bit of a common misconception that people think they cannot trade on those higher time frame charts, which, by the way, are quite often some of the better trades to take because of the quality of the trades. And the people think they cannot trade them because they require too big a stop loss, and their account is not big enough to allow for that.

Understanding risk and your lot size correctly.

So the issue actually comes down to understanding risk and understanding how to calculate your stop loss correctly. Because most people don't do that. A lot of people say, I'm just going to put on 0.1 lots or 1.0 lots or 0.5, whatever it might be. They just put the same lot size on every trade. And if you do that, the problem is, is either, you know, one that when it gets stopped out the, stop loss amount, it's going to be way too much.

And so therefore it could argue lots of smaller gains. And that again comes down to not understanding how to calculate your losses correctly. Now to help you out I'm going to put a link here which you'll find to my free lot size calculator. You can download my MT4 or MT5 lot size calculator. It's a script. Put it on your charts and you'll use it all the time and it will massively help you.

But the issue becomes, let's say, you have a monthly chart trade. It requires looking to make up some numbers at 200 pips, stop loss and someone goes, oh, I can't take it because my account is not big enough.
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4 months ago
7 minutes 3 seconds

Online Forex Trading Course
#583: Why Most Traders Fail Prop Firm Challenges and How to Succeed
Why Most Traders Fail Prop Firm Challenges and How to Succeed

Podcast:

Click Here to Register My Upcoming Webinar - "Prop Firm Mastery: How To Get - And STAY - Funded... So You Can Transform Your Income In Just 30 Minutes A 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 Watch Prop Firm Masterclass
#583: Why Most Traders Fail Prop Firm Challenges and How to Succeed
In this video:
00:26 – Advantages and disadvantages of trading on a prop firm.
01:05 – People jump in too soon and then fail.
02:02 – Prop firm challenge example. 
03:44 – Large gains for a small investment.
04:25 – Use a VPS and copier software.
05:24 – A free and LIVE webinar for passing a prop firm challenge.
06:16 - 17 minutes Masterclass and book a call with us.
06:27 – Blueberry Markets as a Forex Broker.

So you want to know how to pass a prop foam challenge and to make money by making commissions via prop firm. Let's talk about that a more right now.

Hey there, traders! Andrew Mitchem here at the Forex Trading Coach with video on podcast number 583.

Advantages and disadvantages of trading on a prop firm.

Today is about passing prop firm challenges, the pitfalls and the advantages of trading via a prop firm. Now, if you don't know, all approximates, go and have a look online. If you do know what one is. Then you'll know that they're not always as easy to pass as you might think.

They look really good, and for a lot of people, they look to be a fantastic way of making some very, very good, substantial profits from trading. But with that, needing your own funds and that is the obvious advantage of them. But there are a number of things you have to be careful of.

People jump in too soon and then fail.

One of the most common issues that I see is that people jump into a prop firm way too soon. They should don't know how to trade, and they just think they're going to pay $500 to get $100,000 account. Pass a few demo challenges onto real money, make a fortune. The reality is that for most people, that's not going to happen. And it comes back to, as I've mentioned, that they jump too soon. So for me, it's really important that you look at a prop firm maybe as something maybe like 6 to 12 months from now.

So it's a profitable first, get yourself profitable and have confidence in strategy and understand it on a demo account. Then a small live account and then maybe a larger live account. And at that point, with consistency and with the meeting, the rules of a prop firm. You can then go and successfully pass the challenge.

Now this printed out some, a prop firm challenge here. This happens to be from, blueberry funded. And they have one and two step processes. I actually really like the two stage process. The two step process. I'll tell you what, because you have to prove yourself twice on a demo account before you go to li...
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5 months ago
7 minutes

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.