Online Forex Trading Course

The Trading Community That Changed Everything  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 #634: The Trading Community That Changed Everything In this video: 00:28 – 9 days as a guest trader in Bali. 01:35 – 15 traders trading live in front of an audience. 02:15 – October 2027 is the next trading retreat date. 02:25 – My big takeaway is the power of our trading community. 04:45 – View our new look website and Masterclass. 04:56 – Blueberry Markets as a Forex Broker. 05:40 – Real people, community and communication. Communication in any form of life is so important. And in trading is absolutely vital. And I want to talk about that really important topic right now. This is Andrew Mitchem here, The Forex Trading Coach with video and podcast number 634. 9 days as a guest trader in Bali. Back home here in New Zealand. Beautiful autumn day after spending 9 days in Bali at a trading retreat. It was a fantastic retreat and I want to share some information about that. I was invited over there as a guest trader and there were around 60 learning traders there and about 15 traders from around the world, of which I was one. We were all there to help the people learn, but also to just offer our experience and our knowledge and to talk to each other and learn from each other. And it was a really, genuinely great event where people were just sharing information and ideas. And when people do that, you realize that obviously there’s more than 1 way to trade, and people have different ideas of how they view the market, and there’s no right way to trade. There’s lots of wrong ways to trade. But by talking about this with other traders and just seeing their perspective, you know, we were all sharing ideas and all learning and it was massively valuable. And I gave several presentations over there. 15 traders trading live in front of an audience. And the other thing that was so good about the retreat was the 15 traders. We were all trading for the 5 days, Monday through to Friday during the Asian session, the European session and the US session. So there was nothing hidden. You know, when we saw trades, we identified the trades, we placed it, people could see them live. There was none of this, you know, TikTok, YouTube stuff where, you know, people are showing you, you know, the 1 trade out of 100 that works. We were all there together in real time, real markets. And, you know, with the pressure of doing that in front of all these traders and, you know, and the people learning as well. And so it was a fascinating experience to be there. October 2027 is the next trading retreat date. Now, on a side note, we are looking at getting more of our Forex Trading Coach clients to their next retreat, which is likely to be October 2027. My big takeaway is the power of our trading community. But the information that I got out of it when I shared what we do at The Forex Trading Coach and the bit that people really thought was so powerful is, of course, not just a strategy. And by the way, we took some great trades. I had some, you know, some lovely trades across different markets and time frames live for that week. That was great. But the bit that people resonated with and people picked up on was the power of our community of traders. And I think that’s something that’s so underestimated. If you don’t trade properly and you don’t appreciate it. You see, trading is a very lonely business. You’re sitting there at home or wherever you do your trading from. Most people don’t thoroughly understand what you do. They don’t really get it. And people say to me, are you trading shares or something? No, it’s completely different. But, you know, people just don’t get it and that’s fine. It’s not for everybody. But the issue that I see that so many people out there face is they don’t have that communication and that way of contacting other people. And it’s 1 thing that the traders there at that retreat in Bali were so impressed with what we offer at The Forex Trading Coach, you know, with our forum site where we’ve got traders from right around the world, you know, from 111 countries over the last 17 years. And by the way, it’s our 17th birthday this week right now. So we’re very proud of that as well. But you know, we are all there to help each other. No 1 dominates. No 1 takes over. Everybody is there to share trades to help each other, no matter where you live in the world. And I think that along with our live weekly webinars where we’re trading in front of our clients and people can ask questions and we talk about trades and shows that we’re really doing this and we’re real people and we’re genuinely there to help each other. And so all our clients and, you know, we’re really careful not to have that bad apple, you know, that ruins it for everybody. That doesn’t happen. And it’s something we’ve been, you know, really proud of over those 17 years that we are there as a family and a community of traders, all trading the 1 strategy and helping each other. As mentioned, if you’re new to trading, you probably won’t appreciate how big that really is. If you’ve been trading for any length of time and you’re stuck online on just generic forums and things like that, you’re going to realize that a real forum, real communication, real people taking real trades is an absolute, you know, it’s rare out there and it’s something that we pride ourselves on. View our new look website and Masterclass. So if you’d like to find out more, have a look at my website, TheForexTradingCoach.com. You can go on to our free masterclass where you can find out about how we trade and how we help our clients succeed. Blueberry Markets as a Forex Broker. And if you’re out there looking for a really good forex broker that also offers other markets such as the cryptos, metals, commodities, indices, which we trade, all because the strategy works across all those markets and all time frames. It’s Blueberry Markets. They offer the MT5 platform. And of course that’s so much better with more markets and also more time frame charts. You know, I love trading, say like the 12 hour and the 8 hour and a 6 hour charts which are not readily available on most other platforms, not even MT4, although we do have software that allows our traders on MT4 to use those time frame charts with a clever bit of software that we’ve got. But the beauty of MT5 is it’s already built in, so you don’t have to worry about that. Real people, community and communication. So in summary, communication is key, having like minded people around you is key. Real people trading properly and doing well is key. It’s quite rare, but we offer that. If you’d like to find out more, contact me, [email protected] or like I said, jump on to my website. Or better still, onto the short masterclass to find out more. I see you this time next week. Bye for now. Episode Title: #634: The Trading Community That Changed Everything 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

You Can Be Profitable With A 37% Win Rate  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 #633: You Can Be Profitable With A 37% Win Rate In this video: 00:43 – Win Rates in Trading and a Simple Example 01:26 – Percentage Risk for a Trade/Risk Management 02:08 – Client Ryan achieves 9% with a 37.6% win rate 02:46 – Outside world win percentages for Roger Federer, 03:15 – Casino games win rate, need 55%+ 03:57 – Sports betting win rate, need 55%+ 04:48 – 95% traders lose, only hear about the 5% winners, winning AND s 05:33 – 2 ways to react to losing trades, one preferred way 06:17 – Taking the good with the bad: celebrate wins and deal with losses How would you like to be a consistent and profitable trader with a win rate in the mid to high 30s or low to mid 40s? Impossible? It’s not. And how do we react to losing trades? Let’s talk about that and more right now. Hello this is Paul Tillman. I’m the Director of Coaching Services at The Forex Trading Coach here at my home in the Raleigh, North Carolina area. And this is video and podcast number 633. I want to talk to you about 2 things: win rates and losing trades. Win Rates in Trading and a Simple Example So win rates which is simply the number of trades you’re winning divided by total number of trades that you are taking. So let’s do a simple example here. Let’s say you take 2 trades. First 2 trades you lose your risking $100 per trade and you’re down $200. Let’s say the 3rd trade that you take is a winning trade. And your reward to risk is 3 to 1, as in your win is 3 times what your loss is. So you’ve won $300 on that trade. Now if we add that up you have 2 losing trades at -200 and 1 winning trade at +300. So you’ve made a net gain of $100. And with 33.3% win rate. Percentage Risk for a Trade/Risk Management And as always we suggest taking a quarter or a half percent risk on the actual trade that you take. Risk management is very key, and so is consistently getting that reward to risk. So you can be a profitable trader at 33.3%. Now if we extrapolate that on all the trades that we take on our live webinars, on our form site and our chat room area for our daily trade suggestions, which is like a newsletter we put out each weekday. Extrapolate that out to tens and hundreds of trades in a year, and you can do very, very well with a win rate that’s much lower than 50%. Client Ryan achieves 9% with a 37.6% win rate In fact, we had a trader, Ryan, who said for his March trades, he made 9% gain at a half percent risk, with an average awarded to risk of 2.6 to 1 across all his trades. And his win rate was 37.6%. So under 40 with a 9% gain in 1 month. That is incredibly good. And if you could do that every month, you know the sky is the limit with regards to firms and trading retirement accounts or whatever it is, you can do fantastically well now in the outside world, that’s very hard to do to be successful at something at under 50%. Outside world win percentages for Roger Federer, Let’s take a few cases here. Roger Federer, who’s arguably my favorite tennis player and I think one of the best of all time, only won about 54%-55% of all points that he played. Which is crazy to think about how many Grand Slam titles and overall titles that he’s won and he’s only done that percentage. Casino games win rate, need 55%+ Now let’s take 2 other different ventures: the casino. A lot of people are going to casinos on cruises, or if there’s casinos where you are and the house always has about a 1% to 5% edge, depending on what game or what type of hands you’re playing, machines, et cetera, etc. so you’ve got to be in that 53% to 55% win rate range just to break even. And the casinos know this and they have that house edge. So it’s built in. But if you can get over 55%, which is rare, and your casino games and everything are set up for you not to do that, especially long term, then you’ll be a consistent winning player of the casino. Sports betting win rate, need 55%+ Let’s take sports betting huge around the world and has been growing in the US the last 5 to 10 years especially. Again, there’s a built in advantage to the casino. If you win 52% – 53% of bets, you’ll break about even that, that juice that they have or that vig as they say, is to the sports books advantage and the casinos. The best bettors in the world only win 55% to 60%. And that’s at the very top. But you can do well if you can achieve that number. So in trading, you know, high 30s, low 40s. Our client Ryan, who’s been with us a couple of years and others are getting right in that, you know, mid to high 30s or low 40s for a win rate. 95% traders lose, only hear about the 5% winners, winning AND losing trades The other one that I want to talk to you about is losing trades. There’s a reason why 95% of traders lose. But you don’t hear about the 95%. You hear about the 5%. If you take a look out there, I’m a proud owner. I’ve got another car. I would have been newer one, but that’s my 2007 Hyundai Santa Fe. It’s got 365,000 miles on it. And you know, I’m just regular guy with a family. And I’m going to show you what winning and losing trades are about, because that’s what most of 98% of us deal with. And we’ll give you the real story. A lot of times on social media, you don’t get what goes on behind the curtain because people only post about the positive things. So I want to give you the true story of trading and how it goes. So losing trades, none of us like to lose. But it does happen. 2 ways to react to losing trades, one preferred way So how do we react to losing trades? What are 2 ways? 1, I made a technical error. I had a deal breaker in my strategy and I traded it. I traded during news. I broke a rule I over risk, I over traded whatever I tried to revenge trade, whatever it is. That’s 1 reason why you also trade. The 2nd reason, and the 1 I prefer the most is you made your analysis, you stuck to your strategy, you kept all the rules, you took the right risk and you took the trade and it lost and the market just simply went against you. That’s the preferable way to trade. That’s a great way to lose a trade. Even though that sounds counterintuitive. Taking the good with the bad: celebrate wins and deal with losses But losing streaks will happen sometimes you’ll have a losing week or a losing month and you just have to deal with that. That’s the reality of trading. As my good friend Darryl says, you have to take the good with the bad in life, and that certainly applies to trading. Take the winning trades, celebrate them, and learn how to deal with the losses. And all together, you’ll have a consistently profitable time of trading, and you can learn the life long skill and have it work in your favor. So that’s it for me. I’m going to go watch Carolina Hurricanes NHL hockey team here in the Raleigh area, going for the Stanley Cup. But yeah, we’ve talked about win rates today and how you can win with much less than 50% and still be consistently profitable. And how do we react? It’s easy to react to a winning trade, but how do we react to losing trade. So that’s it for me. We enjoy this beautiful weather and some hockey and we’ll see you next week here at The Forex Trading Coach. Thanks. Episode Title: #633: You Can Be Profitable With A 37% Win Rate 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