Podcast:
In this video:
01:10 Live trading room webinars during the European time
03:29 One minute charts showing really good setups on the session
06:36 A brilliant way of being financially free
Is it worth paying someone money to teach you how to trade Forex successfully?
Is it worth paying someone money to teach you how to trade Forex successfully? I believe it is but let me share my reasons with you right now.
Hi it’s Andrew Mitchem here the Forex Trading Coach. Welcome along today is Friday the 21st of February. It’s a question that so many people ask all the time. It doesn’t matter where you go within the Forex road whether it be on forums or wherever it may be. People were all saying, “You know shouldn’t really have to pay for trading, should you, everything is available online, why pay someone all this money or go to a course, so buy a book whatever it might be. Why pay people money to do things you can find just on Google.”
Well you can find a lot of trading information on Google, of course not all of these are good information but a lot of information is there no doubt about that. But I want to share with you one really important aspect about my course that I believe makes it stand out above almost all others out there and why I believe my clients or the vast majority of my clients become such a successful Forex traders and that’s true to my live webinars. I held a live trading session webinar yesterday during the European time and I had clients from all over the world attending that session. It was 2:15 long, it was a live, it was trading during the European session. The fantastic thing about it is not only we interacting and answering questions and asking questions and looking at previous trades, etc., which is a great way to learn but the best thing is that we’re trading live. There’s no substitute for it, there’s no “cherry picking” just the best trades and making these really great videos just showing you the perfect trades or showing you screenshots of trades that work but secretly hiding all the ones that didn’t, there's not all that and that’s the beauty of it. You know I go through and I show you the trades that I’ve taken over the last couple of weeks since we last caught up and I show all the trades there, the good ones, the bad ones because of course you can learn from losing trades just as well as you can learn from the profitable trades but during the session themselves we’re looking at taking live trades.
All Time Frame Charts Covered
Now just to give you an example on yesterday’s webinar I had traders there that were taking trades on one minute charts, five minute charts, fifteen minute charts, one hour charts, four hour charts, daily charts and weekly charts. We covered all the spectrum so there’s something there to suit you regardless of what timeframe trader you are because of course it’s really important to find the right style of trading that suits you. I can provide you with strategy, that’s fine; no problem there. I can provide you with a strategy that works really well across all timeframes, across all currency pairs.
The thing that you need to do is work out what suits you. I give you some examples. I had some clients on the session last night who trade just daily charts and weekly charts. It’s what suits them, they love it, and they don’t want to be at their charts all the time. Completely the other end of the scale I had traders who trade just one and five minute charts for a couple of hours during each session for three days a week and that’s it but they both make money.
On the session yesterday we were finding that the hour charts were not producing very good setups yesterday. In fact I didn’t take a single trade on the hour charts live....
