THE FOREX TRADING COACH Order of Learning By: Andrew Mitchem
Congratulations for purchasing my Online Video Forex Coaching Course. I will email you the course notes and access to view the video course as soon as possible. Please allow up to 12 hours for the course to be emailed to you personally by myself. Please add my email addresses info@theforextradingcoach.com and andrew@theforextradingcoach.com to your email "Contacts" address book to avoid any delays. While you are waiting : Please send me your Metatrader 4 (MT4) login number so I can code the software to work on your account. This can be either a demo or a live account login number. If you don't have a Metatrader 4 trading account, my preferred brokers are Go Markets and Pepperstone. Please read through the "Order of Learning" notes below If you are new to the Metatrader 4 (MT4) platform, you can view an Introduction to MT4 pdf file by clicking here I look forward to helping you succeed with your Forex trading. Kind Regards,
As previously mentioned I will email you the course notes and access to view the video course as soon as possible. Please allow up to 12 hours for the course to be emailed to you personally by myself. Shortly you will receive the following: The course notes via an email link to a secure website called Watchdox. This will require activation. Access to the course videos via an email link which will require activation. Access to the Clients Login area of my website You will be sent a username and password. This is where my Daily Trade Suggestions are posted each day. Access to the Help Desk via email. This site contains a large amount of previously answered questions. You are also able to submit a ticket/ask a question through this site. Once I receive your MT4 login number I will send you the charting indicators and templates which are specific to your own MT4 login. Access to my live trading room webinars will be emailed to you around 1 week prior to each webinar. You will receive several follow up emails for the next 2 weeks to help you get started and to ensure you have everything setup correctly.
PLEASE READ IN FULL Open the 80 page course notes pdf file via the link on the email. The notes are stored at Watchdox, a secure file sharing site. They can be viewed either online, by downloading to your computer's hard drive or by printing out your own copy. Create a password for viewing the course videos via the link on the email. The videos are stored at Wistia, a secure video hosting website. They can be viewed at anytime by logging in with your user name and password. Open an account with a suitable Metatrader 4 (MT4) broker. When open, send me the login number of your account so that the charting software can be coded to work on that account. I use and recommend trading with Go Markets or Pepperstone in Australia. Important : Choose a broker that has a 5 day week on the D1 charts. A broker who uses a 5pm EST (New York Time) as the start/end of day is the ideal solution. Once you receive your coded indicators and templates, save them to your computer's hard drive as per the instructions on the email. View the Getting Started video at Wistia for further help. If new to Metatrader 4, read through the MT4 User guide pdf file and Tutorial Video links on the separate email.
Log in to the Clients Only section of my website using your email address and the password supplied. The password can be changed once logged in if needed. Here you can access my Daily Trade Recommendations which I post after the close of the D1 candle on the Pepperstone platform. This close is at 5pm EST New York Time. You can also access spreadsheets, MT4 e-books, The Lot Size Calculator script, an FAQ page and an affiliate page. Ensure that you register for the fortnightly live clients only webinars. An invite email will usually be sent several days in advance. The live webinars are mostly held on a Wednesday or a Thursday around the early European trading session. All sessions are recorded but you must register to receive a recording even if you can't attend the session live. Read p. 4 of the course notes to view the Legal Disclaimer and Course Content & Software Agreement. Read the Money Management section of the course notes on p. 5 13 and view the Money Management videos. Read the Risk & Spread section of the course notes on p. 14 and view the Bid & Ask Rates - Spread videos.
Read the Order Types section of the course notes on p. 15-16 and view the Order Types videos. Read the MT 4 Navigational Tips & Techniques section of the course notes on p. 18-19 and view the Metatrader 4 Platform Metatrader 4 Tips / Setting up Email Alerts videos. Read the Candlesticks section of the course notes on p. 20-36 and view the Candle Patterns videos. Read the Fibonacci Ratios section of the course notes on p. 37-42 and view the Daily Charts & Fib Retracement Tool video. Read the Pivot Points & Support & Resistance section of the course notes on p. 43-44 and view the Pivot Points & Support & Resistance videos. Read the Trend Lines section of the course notes on p. 45-46 and view the Trend Lines video. Read the Stochastic Indicator section of the course notes on p. 47-53 and view the Stochastic Divergence videos.
Read the Bollinger Bands section of the course notes on p. 54-56 and view the Bollinger Bands videos. Read the Round Numbers section of the course notes on p. 57-58 and view the Candle Identifier & Round Numbers Software Round Numbers Indicator video. Read the Candle Identifier Software section of the course notes on p. 59-66 and view the Candle Identifier & Round Numbers Software Candle Identifier Software video. Read the Templates and Profiles sections of the course notes on p. 66-68 and view the Metatrader 4 Platform Creating Templates Creating Profiles videos. Read the Putting It All Together section of the course notes on p. 69 74 and view the S/L and T/P Placement on Shorter Time Frame Charts video. Print the Forex Check List Sheets on p. 75 77
Read the Monday EUR/GBP Breakout Strategy section of the course notes on p. 78-79 and view the Monday EUR/GBP Breakout Strategy video. View the Trading Videos to see examples of the strategy in action. View the Fortnightly Clients Webinars videos to watch all of the past fortnightly live webinars. Attend the Fortnightly Clients only Webinars. Email through questions you have before the webinars or ask questions live during the webinars. We look at live trades as and when they happen during the session. These webinars are held for your benefit, please attend them often. Use my Daily Trade Recommendations wisely. Do not rely on my suggestions as a signal service. Instead use the suggestions I make and try to see for yourself what I am looking at each day and why I am suggesting the trades I call each day. Remember that I am wrong with my suggestions sometimes or the trades simply don't work out at times, that's a part of trading. Learn to take your own trades and use my suggestions as a back up. This is a great learning tool so you can earn why you learn.
Start small and slowly. Use a demo account if you are new to trading or need to find your way around the Metatrader 4 platform. Progress up to a live account when you feel comfortable to do so. However, regardless of what size account you may eventually trade, start small at the beginning. Use a broker that offers micro lots (0.01 lots) on all pairs. This allows for accurate position sizing. Use a broker that offers charts with a 5 day week on the Daily D1 charts. I use and suggest Go Markets or Pepperstone in Australia as they both use a 5 day week. Pepperstone use a 5pm EST start of day time all year. This is very important, especially when trading the Daily D1 charts as each candle represents a 24 hour time period. Many other brokers have a Sunday candle which is a 2 or 3 hour long candle on the D1 charts. This can badly distort the technical indicators. Find a time frame chart(s) and time of day to trade that suits your personality and available trading time. Do not over trade. Initially it may be a good idea to spend a lot of time watching charts while learning the system but over time, try to avoid chart watching Use correct money management at all times. Trade with low risk per trade and trade with patience. Use the Lot Size Calculator TFTC script to help with this. Wait for the candle to close before taking a new trade. Try to avoid being emotional with your trading. Taking low risk per trade will help avoid this. Give each trade time to work.
Remember that trading is a marathon and not a sprint. Trading is a business and must be treated as such. Trade what you see and not what you think. Avoid getting too tied up with other people's opinions. Forums and other trading material can be good at times but often this can lead to confusion. You have paid for a course so now give it ample opportunity to work for you. Study the course and the system well and ensure you fully understand it. Do not try to change anything about the course. Do not add in parts you have learned from other courses you may have taken in the past. If these other courses were any good and made you money, you would probably not have bought my course!! Think positively and be successful. When you are happy with your trading results from my course, please write me a testimonial that I can use on my website or post a review on Forex Peace Army or any other review site you use. Finally, thank you for purchasing my Forex Coaching Course. I am very grateful for the trust you have shown in me to help make you a more successful trader. I will do everything I can to ensure that you achieve that success.