Podcast:

How to trade in 10 minutes a day or less

In this video:

00:29 – On holiday in the South of France and made +2.2% account gain this week

00:39 – 10 minutes trading per day and clients can copy the same trades

01:23 – You don’t need to be glued to the screen all day

01:43 – The USD/CAD has fallen well this week

01:55 – GBP weakness continues. How to look for suitable opportunities

02:48 – Continuation and reversal patterns

03:40 – High reward:risk trades

04:30 – A bigger gain in 1 week than the French banks will pay in 1 year

If you'd like to know how to trade in just 10 minutes a day or less, find out more. I've got some great tips for you.

I'm Forex Trader's Andrew Mitchem, The Forex Trading Coach. Today is Friday the 19th of August and I'm on holiday in the beautiful South of France, as you can see behind me here. Beautiful villages, great place to look around.

On holiday in the South of France and made +2.2% account gain this week

Now I've been here for the last week and this week I've made 2.2% on my accounts so far and that's from just 10 minutes work once per day, trading just the daily charts.

10 minutes trading per day and clients can copy the same trades

For my clients they could copy exactly the same trades or have copied exactly the same trades and done just as well, plus, of course, they could be taking trades on other time frames as well. The 2.2 is just from me taking just 10 minutes work once a day in the evening over here, which is the 5PM close of New York charts. It shows what can be done. You don't need to be glued to your charts all the time. You can travel, you can be here on holiday. For me, on the other side of the world with my son, having a great time looking around, and in the evening looking through the daily charts, placing a trade and then just letting the market do its thing.

You don’t need to be glued to the screen all day

From there, what can we learn? Well on the chart, first from that we can learn, as I've mentioned, you don't have to be glued to the screen all day, because so many people think that they have to be tied to the charts. That's fine if you like those shorter time frame charts but you don't have to do that all the time. Far less stress by trading longer time frame charts as well.

The USD/CAD has fallen well this week

On the charts we've seen the US/Canadian dollar falling this week. We've also seen a little bit of strength in the Aussie dollar and the New Zealand dollar, so the commodity currencies have shown a bit of strength.

GBP weakness continues. How to look for suitable opportunities

One thing I did want to mention is earlier in this week or the last few weeks, as you know the British pound's continuing to fall and fall. It keeps dropping. However, earlier this week I actually took a buy trade-in. I suggested to clients a buy trade-in and I suggested freely available on my website to look for buy trades on the British pound pairs earlier in the week. In particular I took a trade on the British pound/Australia dollar. It made fantastic profit and it was a kind of a reversal trade because the pound/Aussie and the pound against all currencies has been falling quite a lot.

It looked like it was bottoming out and I took a reversal trade, as in after the downtrend had occurred, looking to buy it back again. Because it was against such a massive previous trend I was aware that it was a slightly higher risk trade but it was also a reversal trade against, I suppose, the longer-term trend.

Continuation and reversal patterns