In this video:
00:31 – Another great trading week
01:06 – Trading on a prop firm
01:31 – Here’s how we can help you gain consistency and results
03:04 – It’s a no-brainer
04:14 – Do other things than trade
04:54 – Blueberry Markets
05:14 – On demand Masterclass
As a trader. At the end of the day, all you really want is good results, consistent results, low drawdowns, and we can provide that for you. Let me share with you how we’ve done that for our clients this week. Let’s get into it right now.
Hey, traders. Andrew Mitchem here at the Forex Trading Coach. With video and podcast, number 512.
Another great trading week
We’ve had a yet another fantastic trading week. And as I mentioned at the beginning, as a trader, ultimately the thing that you want more than anything is results. You want consistent results. You want to know how to trade properly. You don’t want to be spending lots and lots of time your charts and you want low drawdown.
You see, that’s absolute key. All in good. Someone saying, I’ve made 50% in a six months, but if they risk, you know, crazy amounts in their drawdown, it’s been 50% then not particularly great. What you want to have is low drawdown with high reward to risk trades.
Trading on a prop firm
If you’ve got any interest at all in prop firms, that’s exactly what they want. And you will see that if you’ve tried on a prop firm and failed is probably because your drawdown has been too excessive and you’ve they’ve stopped their contact because of your over trading or too big a risk which has led to, you know, you breaching the five or 6% threshold that most of them have.
Here’s how we can help you gain consistency and results
So what can we help you with? Well, we can help you gain that consistency and those results. And and we know we can do that because we’re doing that for ourselves when we’re doing that for our clients. And we’ve been doing that for over 14 years here at the Forex Trading Coach. And we’ve got clients in 103 countries. And look, this just works out this week.
It’s been a classic example. We have taken 16 daily chart trades this week, been posted on a membership site with exact currency pairs, the directions, the reasons for the trade, plus the exact entry and exit levels, all of which are taught in the course anyway. But just on the daily chart trades alone 16 trades five Weekly chart trades.
This week. So all of that combined would literally take you less than one hour to place out breakout strategy that we look at once a week, which again literally takes 2 minutes once a week. That’s made another one and a half percent this week. It made one and a half percent last week as well. On top of that, we’ve taken quite a number of trades on our forums site this week that either ourselves and clients are posted predominantly the longer time frames this week, just the nature of the market and we’ve had a few charts posted on 30 minutes and 1 hours, but most of the trades have been posted on 12 hours and 6 hour charts.
This week has some an amazing results on the 12 hour charts in particular. And again, that requires you to look at your computer once, maybe twice, or at your charts once or twice a day. And one of those times is actually the exact same time that the daily charts are posted. So, you know, it’s just an absolute no brainer, really.
It’s a no-brainer
If you want to be able to trade consistently with low drawdowns that know what you’re doing, to know when to look at the charts, to know what timeframes to look at, to know what patterns to trade and when with the exact entry and exit levels to not worry about PIPS, because every trade that we take has low and equal risk.
It doesn’t matter what the pair, the direction, the size of the stop loss, the time frame chart and other that matters. Every trade has equal low risk, but they have high reward to risk outcomes. So if you get a trade making, let’s say a 3 to 1 reward the risk and you make, let’s say a 1% per trade, that’s too much.
But let’s say for for mathematic sake, you make 3% on one trade and you lose on another one, you lose 1%, you still net 2% up, yet you’ve lost 50% of the time. So knowing exactly what to do, when to do it had to end to how to exit, whether you should exit early or not. All those sort of things we can help you with and again, we do that every single week.
On my live webinar yesterday, I took trades live on the three hour, the four hour and the 12 hour charts. So lots and lots of trading opportunities this way. It’s been absolutely fantastic. Just like this weather behind.
Do other things than trade
And that’s what we’re about. We’re about doing other things. If you like getting outside of whatever it is you like to do sport, family, music, enjoy the outside, whatever it is you want to do, make trading part of your life, not the other way round.
And that’s what the results and the small amount of time that we actually sit looking at charts allows us to go and do those other things. So if you’re out there looking for a system, a strategy is well proven, has low risk, high reward to risk trade outcomes. An amazing community of traders as well, by the way, that’s also not to be underestimated and vitally important to your trading journey as well, just to be surrounded by other people or trading the same thing at the same time, all the helping each other, right?
Blueberry Markets
So if you’re out there looking for a broker, have a look at blueberry market. So I can highly recommend them. They’re a great bunch of people. They have the MT4/MT5 platform. Lots of different options on the MT5 lots of more minor and exotic forex pairs as well as indices, metals, commodities, cryptos as well. I’ll put a link to them here.
On demand Masterclass
I’ll also put a link to our one hour masterclass. It’s an on demand masterclass. You can jump on there any time you like to find out more about how we trade and how we can help you. This is Andrew Mitchem at the Forex Trading Coach. Don’t forget to like and subscribe if you’re watching YouTube and have a great week and I’ll talk to you this time next week.
Bye for now.