-- The Forex Trading Coach have successfully developed their own trading strategy that is well documented to have worked well for the founder and students since 2009. One of the core reasons for their student’s success is the importance placed on students understanding where to enter and exit any trade they take.
Mr Andrew Mitchem, founder of The Forex Trading Coach, said this when interviewed by Metro Cities Media, “So many traders have no idea where to enter or why they should enter a trade. The same with the exits (stop loss and profit target placements). Most people, before they come to us, don’t know what to do. Our strategy and course teach the trader to know exactly where and why they enter and exit a trade.”.
Knowing how and when and where to enter and exit a trade means their students reduce emotions in their trading and massively increase the probability of a successful trade.
The Forex Trading Coach students are trained only look for a new trade upon the close of a candle, so they can trade a variety of different time frame charts and trade once or twice a day, spending no more than 30 minutes a day looking at the charts.
“Our teaching means that with the way students trade, the profitable trades have high reward:risk ratios, but the trades also have low and controlled risk. Therefore if the trade loses, its a small and controlled loss, but if the trade is profitable, it will make between 2:1 - 4:1 Reward:risk, so 2 - 4 times it’s risk. If 0.5% of our account is risked on a trade, if it’s profitable, it will make between 1-2% gain.This keeps our losses and drawdowns small, helping the trader psychologically too.”, said Mr Andrew Mitchem
The coached strategy has not changed since “The Forex Trading Coach” was founded. Students get reassuring comfort knowing that the strategy has stood the test of time, through all sorts of market conditions over the past 14 years and it continues to work just as well in 2023.
16 years ago, Mr Andrew Mitchem, founder of The Forex Trading Coach, developed his own trading strategy after 4 years of going around in circles trying all sorts of promoted trading methods. These ranged from automated software to create trading robots through to technical analysis overlaying news flows. He had tried everything, read everything, bought everything and in the end, discovered nothing consistently worked.
“I could see the massive upside of being a successful trader. I just needed to work out how to be consistently profitable without the large losses along the way. I needed to stop the emotional roller coaster that goes with that and never gave up the vision of developing an evergreen system of profitable trading calls. Today our students have reaped the benefit of this for well over 14 years now,” said Andrew Mitchem
Metro Cities Media was advised that in developing the system, the founder took off all of the indicators from his charts and started to look at the candles. He worked out that a certain few candleshad a high probability of making the market change direction. But that alone was not enough, so he started to look at the price where these candles and changes in direction happened and realised how the price often reacts to levels that are commonly called Round Numbers. These are price levels ending in 50 or 00, such as 0.6500 and 0.6550.
The founders further study showed that by adding a couple of additional items, they could soon accurately predict when the price was going to either reverse in direction or continue in the direction of the main trend. The next step was to develop a method of entering the trades and to have a safe level for a protective stop loss and a level to place the profit target that had a high probability of being hit. Money management and low risk per trade, along with high reward:risk trades is the outcome of the way The Forex Trading Coach teach to enter and exit the markets being traded.
“At The Forex Trading Coach, we have not only a proven trading strategy, but our strategy that also works on non-Forex markets such as the commodities, cryptos, indices and metals. We also encourage a very low risk approach per trade, ensuring low drawdowns, and our trading approach ensures that when you have a profitable trade, that trade makes 2:1, 3:1, 4:1 or even a 5:1 reward : risk” said Andrew Mitchem
Metro Cities Media’s market research found overwhelming support for The Forex Trading Coach’s advice to new or struggling traders to invest in themselves and in a quality, 5-star rated training, and proven trading strategy to ensure they have long term success as a trader.
About The Forex Trading Coach
The Forex Trading Coach is founded by current principal Andrew Mitchem who is a passionate and experienced Forex Trader. The coaching program can be taken via private coaching or online training. In the United States and Canada one on one training at student premises is available. The Forex Trading Coach is helping people create personal and financial freedom through their proven trading strategies in the Forex markets.
To learn more about The Forex Trading Coach, visit their website here: https://theforextradingcoach.com/
Contact Info:
Name: Andrew Mitchem
Email: Send Email
Organization: The Forex Trading Coach
Address: 54 Glen Road, Nelson, RD1 7071, New Zealand
Website: https://theforextradingcoach.com
Release ID: 89110935