Podcast:

Making 2020 a Fantastic Trading Year for You

In this video:

00:35 – What can you learn from your trading in 2019?

01:10 – We start trading on 13th January and have our trading plan ready

01:27 – Daily trades made +23.87% gain in 2019

02:17 – We know what works and what doesn’t work

03:02 – We promote low chart watching times

04:00 – Daily trades have been profitable every year since 2010

04:23 – Split payment options for you – Our 3 Day Sale this week

05:13 – A performance based guarantee

06:16 – Register your interest for the sale

What are you going to do to ensure that 2020 becomes a fantastic year for you as a Forex trader? Let's talk about that and more right now.

Hey traders, it's Andrew Mitchem here at the Forex Trading Coach with video and podcast number 348. And happy new year to you.

This is the first video and podcast into 2020. I hope you had a fantastic Christmas and also just a great new year.

What can you learn from your trading in 2019?

Now, moving into trading, what is it that you did in 2019 that you kind of regret? What is it that you did that was good? Have you taken some time to analyse your performance of last year? Have you taken time to go through the charts, look at the setups that you took, ones that worked, ones that didn't work, and basically go through and create yourself a plan so that this year, 2020 is going to become a great year for you?

We start trading on 13th January and have our trading plan ready

Now, of course, nobody knows what the market's going to do as we head into this new year, but we're starting trading next week on the 13th of January, which would be the day that you get this video on podcast. That's our first day of our daily trades. Now, we all have a plan of what we're doing heading into the next trading year.

Daily trades made +23.87% gain in 2019

We've analysed what we've done last year, and by the way, our daily trades that we post for our members made 23.87% for 2019 by risking just half of 1% per trade. So very, very low risk. Our biggest month I think was about a 1.6, or 1.8 I think it was, percent losing month. So very, very low draw down, high consistent returns. Just one timeframe I'm talking about there. Of course, we trade different time frames as well. We post on our membership site about the monthly and the weekly timeframes and on our forum site, on our forum site that we publish trades.

So do other clients of different timeframe charts, trades that we're looking at. And on our live webinars, we trade anything from a 15 minute chart through to a 12 hour chart depending on the timeframe that's showing the right setup at the right time.

We know what works and what doesn’t work

But we have our plan, we have our trade setups in mind, we know what we're looking for, we know what works, we know what doesn't work. We know about reversal trades, they look really good on the charts, but we also know that continuation trades look not quite so dramatic on your charts, but they have such a high probability chance of being profitable. So I personally much prefer continuation trades because it means I'm trading with the main trend, but after a pullback. And so, for me, I'd always put a higher emphasis on a continuation trade than I would on a reversal trade.

But it's having things like that in mind. When are you going to trade? What days of the week? What times are you trading? We only trade on the close of a candle.

We promote low chart watching times

And I think that's really important because, for me, we advocate and we promote living. Look at the view me, if you're watching the video. We're out here trying to do things outside, trading 30 minutes once a day, and that's it. You do not need to sit at your charts watching five minute charts moving up and down all day. You can, if you really, really want to, but I can promise you that you're not going to be doing that in a year's time because you're going ...