#502: Celebrating 14 Years of Helping Traders Worldwide

05/14/23 • 7 min

Celebrating 14 Years of Helping Traders Worldwide Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Signup For my 14th Birthday Sale #502: Celebrating 14 Years of Helping Traders Worldwide In this video: 00:39 – We turn 14 years old at TFTC 01:31 – The strategy has never changed 02:27 – Our amazing trading community 02:50 – Your chance to join us this week 03:58 – Blueberry Markets We're celebrating 14 years here at the Forex Trading Coach, and we're going to give you an absolutely amazing opportunity to come and join us at a crazy low price for three days for this week only. Let's get into that and more run that. Hey, the traders, Andrew Mitchem here, the Forex Trading Coach for a video and podcast number 502. Just come outside today and you can see in here behind me the first snow of the year on the mountains behind. And what better way to come out in the fresh air, in the sunshine and talk about trading. We turn 14 years old at TFTC So we turn 14 years old at the Forex Trading Coach this week. When you get to watch this video, something we're incredibly proud of. I've just had personally my 50th last week as well, 50th birthday and 14 years of coaching. So a big time for celebration. So look, we're incredibly proud of what we've achieved over the last 14 years with our community of help. So many people worldwide. To achieve financial freedom and success and basically change lives for people. So many people have joined us that are being completely and utterly frustrated with their trading and not making money. And we've been able to help change things around for them. And likewise, we've had people never traded ever in their life. And the good thing is, from their point of view is they get to learn a system straight up with with no bad preconceived ideas. So it doesn't really matter where you are in the journey or in the spectrum that we can certainly help you. The strategy has never changed The other thing to let you know, over the last 14 years, like obviously things change and things have got better and better in terms of improvement. The delivery of how we provide the course. But the strategy has never, ever changed. And I could go back 14 years and look at webinars that I started. Back then 2009 - 2010 and the strategy, the trades I'd taken back then would be identical to the trades taken just today. So that's a huge credit for the strategy and the course because it works across all markets, all time frame charts and that new market such as like the indices, cryptos, commodities, etc., like that as well. And the good thing is they never change because it's based on sound logical principles of price action. And so therefore, if the market is showing the quality set up, if you take the trades, if they setups are not there, you don't take the trades as simple as that really. Our amazing trading community But look, over these years we've just built up a fantastic community of go ahead, like minded progressive people all trading that one strategy and the community is a massive part of what we have. Through our forum sites, through our Daily trades, through our live webinars, everybody looking at the same charts at the same time because we all use our MT4/MT5 indicators and templates. Your chance to join us this week But if you not a client right now, this week is going to be your best opportunity. We are only holding one sale this year and it's going to be right now between Tuesday and Thursday. We're going to give you the option to join us for crazy low price. There's also going to be a split payment option as well. To find out more, click on the link that I'll put on this video and podcast and it will take you through your page where you can find out the price, how you can join, what dates it's on, etc. and take advantage of that. Look, if you want to change your trading around and become f...

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#501: Learn How to Pass a Prop Firm Challenge

Learn How to Pass a Prop Firm Challenge Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Join my Forex Training Masterclass #501: Learn How to Pass a Prop Firm Challenge In this video: 00:28 – Lacking the capital to make a good income? 01:25 – Prop firms to the rescue 01:52 – Make sure you are profitable first 03:33 – How much to risk per trade? 05:19 – High Reward:Risk Trades 06:15 – View my new on-demand masterclass 06:54 – Take a look at Blueberry Markets Prop firms. They're a great way to make a substantial income through trading in the Forex market. But how do you pass their Challenges successfully and consistently? Let's talk about that and more right now. Hey there, Forex traders! Andrew Mitchem here, the owner of the Forex Trading Coach with video and podcast number 501. Lacking the capital to make a good income? Now, traditionally people have always had an issue when it comes to trading and the feeling that they cannot make a substantial income out of their trading. And it's a question that I've been, you know, sort of presented with for years and years and people go. Look, Andrew, love to do your course, but I've got $10,000. I spent a couple thousand dollars on your course. I don't really have enough money. Even if I can make 50% in a year, you know, to actually make something substantial out of my trading account. And it's understandable. And my answer has always been, well, that's fine. And I know it's easy for me to say, but you've got to learn to trade properly first, learn how to first still doesn't actually solve the issue for the individual. And, you know, in the past, people were able to do things like maybe trade funds for other people or sell signals and things like that, but it's always been a little bit difficult. Prop firms to the rescue However, over the last few years, you'd have noticed we've got a massive influx of prop firms and like everything in the Forex market and everything online, there's good in this. Maybe not so good. You have to do your research to find out what you consider to be a good prop firm. But my job as an educator and as someone who provides a forex strategy is to give you some tips and information of how you can best passed those firm challenges. Make sure you are profitable first So the first thing you need to do before you even get to that stage of thinking about a prop firm is make sure that you are consistently profitable yourself. If you're learning a new strategy, like if you're coming to us and it doesn't matter how big your account is, how long you've been trading, I always say to people, get onto a live demo account and a small live demo account of that and make sure you're profitable on that first. The reason is then you gain confidence in yourself and the strategy and the group of people like us that you've joined, etc. You've got to gain confidence in doing this properly first, then move on to your own personal live account. Doesn't has to be big. It doesn't really matter what size it is, but the ability to be successful and consistent on a live account with low drawdown. Really important point there. because when you move to a prop firm, you're then got confidence in yourself. You've got confidence in your strategy and your ability. The reason I mention low drawdown is because ultimately when you go to a prop firm, you have to make sure you're preserving their capital. That's why they have those rules in place. Most of them have like about a 5% maximum drawdown, and rightly so. This is their capital that, you know, even if you passed a few demo challenges and you want to real money, this is their capital. They're risking this for you to trade it. If you don't know what you're doing and you're out there risking 3%-5% to trade, you don't last long. You're just going to keep paying them. Lots of small subscriptions.

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#503 – Trading – Does FEAR Prevent You from Being Profitable?

Trading – Does FEAR Prevent You from Being Profitable? Podcast: Signup For my Forex Masterclass Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course #503: Trading – Does FEAR Prevent You from Being Profitable? In this video: 00:32 – I’m not sure if I can trade 01:05 – Fear is not real 02:03 – Government control 02:37 – My personal experiences and fears 04:33 – Everyone starts trading at the same place 05:37 – Just do it 06:06 – Check out my new Masterclass Trading. Can I do this? Or is my fear taking over and preventing me from wanting to even start? Let's talk about that and more right now. Hey, the traders, Andrew Mitchem here at the Forex Trading Coach with video and podcast number 503. Just wanted to come outside. Another beautiful day here to make this video because. I’m not sure if I can trade I get a few emails from people saying, look, I'm not sure if I can really do this or can I talk to someone because I want to see if I'm right for this. And the issue there is that people just get, I suppose, caught up in fear or the fear of not making it work, the fear of even getting started, the fear of is this too difficult? Is it something I'm going to understand? Am I clever enough for this? Whatever the fears might be, I'm not very good at numbers, you know, all those type of things. And I get that. Fear is not real But also I suppose from a mindset point of view, fear is something that's just not really there, is it? Something that we all as individuals have this issue with because just think of, for example, the fear of flying. It's not really anything physical. It's just our heads telling us, you know, when people have that fear. And as a pilot myself, I find that really strange. Although I understand it, I find it really strange when I take people for a flying helicopter. People go, I'm terrified of flying. It's like, Well, don't you think that I want to do this and get home and do it properly and safely as well, You know? And so it's a very strange sort of fear there. And when you think about commercial planes, etc., is probably the safest form of transport there is. Yet so many people have a fear that yet they're quite happy to sit in a car and go on the road where there's accidents all over the place, you know. So it's just that mental side of things that people have an issue with. Government control Fear is all, you know, it's all right. And it's just look at the way that the governments around the world for the last three years of have reacted and acted. It's all about control and fear that's made people, you know, sort of scared. Trading is no different. You know, it's all about understanding emotions and controlling emotions. So can you do this? Is it too hard? I want to talk to someone first. I'm not sure all those fearful things are just you having a new experience or scared of a new experience. My personal experiences and fears And from a personal point of view, I get that. You know, the man, when I was making this video, I was putting together some notes and I was thinking, well, from a personal point of view, I left the other side of the world. I left a family farm that had been in the farm for generations, 25 years ago, came to New Zealand, flew to the other side of the world. I mean, what a fearful experience that was. I can tell you I didn't know anybody here. I met my boss once for an afternoon about eight months prior. I didn't know a single other person here, you know, back in the days before Internet as well, and cell phones. So, you know, that was pretty fearful, leaving my only job that I'd ever had and paid employment for a couple of years, few years, and then going to take on huge debt to go and buy my own farm that was fearful when I sold the farm. And what was I going to do next that was fearful, getting into trading? Well, going round in circles for four years, you know,