Making Money from The Daily Chart Trades

Podcast:

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#424: Making Money from The Daily Chart Trades

In this video:

00:26 – Lockdowns and how we can trade as normal

01:05 – Follow us trading on the Daily chart trades

01:50 – Posting trades every day of the trading week

03:36 – August D1 trades at +12.1% in 3 weeks

04:20 – Client in Singapore takes 5x H2 chart trades and all 5 hit their profit targets

05:33 – We post MN1, W1, D1 and other time frame chart trades

06:14 – Trading at Blueberry Markets

07:25 – Free access to Echo Trade Copier via Blueberry Markets

I'm going to explain to you how our daily trade suggestions on our membership site are making our clients profitable. Let's talk about that and more, right now.

Hey traders, Andrew Mitchem here at The Forex Trading Coach with video and podcast number 424.

Lockdowns and how we can trade as normal

Coming to you from yet another lockdown in New Zealand. One of the great things with trading is whatever these governments are doing, clearly not working, trading from home it doesn't really matter we can just carry on with our lives. It's a great opportunity if you are stuck at home, obviously Australia's in lockdown again right now and who knows what's happening here because I don't think anybody does, if you ever want to get to a stage where you can forget all that and just enjoy making a really good income from home, Forex is one of those few options that you have.

Follow us trading on the Daily chart trades

So let's talk about the daily trades now. One of the issues that traders have when they start is they don't know really what to do. They lack strategy, they lack confidence. The self-doubt. There's not really a lot of people you can ask when you're developing a strategy or even following someone else's strategy. It becomes a problem, because you start doing things wrong, you start adding things or bringing in a bit of a system that you used to do. It just develops into a big mess, really. Self-doubt comes in and you start losing trades and you give up. You go through the whole cycle again. If you've been trading for anything length of time you know exactly what I mean.

Posting trades every day of the trading week

One of the things that we offer at The Forex Trading Coach, and have done so since 2010, is every day of the trading week, five days a week, we post specific trades based off the daily timeframe charts. Great thing about the daily timeframe charts is it gives us one, two, three trades a day most days. It also means it doesn't matter where you live in the world, you can place the trades. It doesn't matter what timezone, what work commitment, or anything. Whether you're in lockdown or not in lockdown, you can place these trades. We've got clients in 98 countries, active clients in 98 countries, and no one has an issue because of the way that we place the trades using limit orders.

So one of the advantages of that is that you can go to your charts, you can see the trades that we're placing based on our updates each day on our membership site. Now we talk about the specific pair that we're trading, the direction that we're trading, two or three sentences about why we're taking that trade, plus the exact entry and exit levels. Now, it does a number of things. Obviously if we get that right, all the clients earn money. And that's great. We're placing the trades ourselves, and of course we aim to get profitable trades. But the other thing is, and it's often an overlooked part of it, is that is training your eye to actually see the set up. And it's in real time, so we're not hindsight traders, we're not economists. I'm not telling you what happened yesterday. We're saying this is what we're trading today and why and here are the entry and exit levels, which is of course what you learn in the course anyway. So that helps you to develop confidence.

August D1 trades at +12.