Épisodes

  • #627: Why Most Traders Are Completely Confused

    #627: Why Most Traders Are Completely Confused
    Mar 15 2026
    Why Most Traders Are Completely Confused Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Attend my Free Masterclass 627: Why Most Traders Are Completely Confused In this video: 00:38 – Information overload. 01:29 – AI predications. 01:53 – I know in my head how to trade. 02:47 – News events moving the markets. 03:46 – People switching strategy. 04:54 – Our strategy has never changed in 17 years. 07:39 – Blueberry Markets as a Forex Broker. Do you suffer from information overload? You know, you see signals out there online. You’re not sure what to do. There’s so much information, conflicting information. And you just have complete confusion. You don’t know what to do, when to do it, and therefore you probably either gamble or give up. If that’s you, listen up. The next five minutes is going to be absolutely invaluable information that’s going to help change your trading around. Let’s get into that more right now. Hey there traders. It’s Andrew here at The Forex Trading Coach with video and podcast number 627. Information overload. So today I want to talk about information overload. It’s a big problem that people have. You know there’s so much information out there online. There’s thousands and thousands of indicators. And people seem to think they’re going to come up with the Holy grail of indicators. You know, there’s massive amount of conflicting information with social media signals. And, you know, there’s, other social media, signals saying buy on this pair and at the same time, you’re indicators turning down and therefore you think you should be selling, you’ll see something on YouTube that says buy. You see something on TikTok that says sell and you’ll get something on signal or, you know, telegram that says completely opposite and people just have no idea what to do. And you can see why, because they rely on other people to make that analysis for them, and therefore they really don’t know what they’re looking for. AI predications. And, you know, the, the other common one that I’m seeing now, of course, is AI predictions. And that, again, you know, while in theory and great AI is going to solve all our problems. Look, AI is going to make us damn lazy. We’re not going to have a clue what to do. And if you want to rely on AI, then you know, good luck to you. That’s all I can say for me. And I had this discussion with someone just last week. I know in my head how to trade. To me, as a trader, there is nothing better than knowing in my head and in my heart I can see trades, I can take trades. And I’ve got that information and that powerful information, to be able to do this. You know, for the rest of my life, I want to or however long I want to, and pass that information on to people. And, you know, for people that want to put a bit of time and effort in to figure out this for themselves, then, you know, I think just being able to do this for yourself is massive, and A.I. it’s just not going to cut it. I can’t see it. It’s just not going to have those nuances of those human factors that, you know, we have and can see. Now, sure, I’m not knocking it. And sure there of course there will be a place for it. And, you know, it can help do some analysis in the future and potentially take trades when you’re asleep or those type of things. But overall, I think you still need some common sense and knowledge of trading in order to even use A.I., News events moving the markets. News as well. Of course, that’s causing massive issues with people right now. You know, we’ve got the Iran war going on with the oil price going up one day, crashing the next day up again. And and people think it’s, you know, it’s causing problems. And I get a lot of people say to me, hey, Andrew, what’s happening right now with your trading due to this? You know, this war? And I said, well, nothing’s changed. You know, markets are moving up and down because mostly in the currencies we’re trading pairs. You know, if, let’s say the US is particularly strong, then you might, you know, be buying the GBP/USD, selling the GBP/USD if the US is weak, you might be selling it. You know, it just depends on what’s happening. On that particular day. We, over the last week or two have just had some incredible trades, mostly sort of 12 hour time frames down to two hours. The longer time frames have just been a little bit harder to trade, but that’s just the way the market is right now. But again, it’s understanding what to do and knowing what to do and see a trade take a trade is the crucial aspect there. People switching strategy. So look analysis paralysis causes a problem. It just leads to people to switching strategies. You know, they don’t get a strategy or it’s not working straight away. So they move on to the next shiny ...
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    8 min
  • #626: The Psychology Hack Every Trader Needs

    #626: The Psychology Hack Every Trader Needs
    Mar 8 2026
    The Psychology Hack Every Trader Needs Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Attend my Free Masterclass YouTube: Dr. David Bonanno Enroll to Max Discipline Click Here to Learn More About Max Discipline Click Here to Checkout the Book: The Consistently Calm Trader: Master the War Between Discipline 626: The Psychology Hack Every Trader Needs In this video: 00:17 – Talking about mindset in trading. 00:54 – Dr David Bonanno helps traders. 08:02 – Traders issues with over trading and thinking money! 13:24 – Don’t reinvent the wheel. 16:30 – You don’t need a 90% win rate. 21:40 – You have to love the concept of trading. 25:55 – Traditional forum sites don’t work. 27:50 – Be real with your trading. 30:25 – Contacting Dr Dave. Andrew Mitchem Hi everybody. It’s Andrew here at The Forex Trading Coach. Welcome along to another video and podcast. I’m really pleased today to be joined by Dr. Dave Bonanno over in the US. Dave, welcome along. Nice to have you here. Dr. Dave Bonanno Thanks. Yeah. Great to be here. Talking about mindset in trading. Andrew Mitchem Really looking forward to this because quite often in trading we talk about strategy and rules, talking about indicators and charts and things like that. But today we want to bring it back to something that applies to everybody. No matter what type of trading you are, whether your fundamental trade, a technical trade or a mix. And it’s really important that you start to understand, your mindset within trading. And that’s why, Dr. Dave here today is here. And how he’s going to help you and all of us listening and watching with the mental aspect of trading. So, Dr. Dave, maybe you can start about introducing yourself, what you do and how you help traders at that. Dr David Bonanno helps traders. Dr. Dave Bonanno Okay, great. Yeah. So I started off, as a therapist who is really trying to help people with problems, especially PTSD. And most people don’t really know what PTSD is like. If you look it up, there’s no definition. It’s just a list of symptoms. So the way that I define it now is that it’s when you have adrenaline and it just is overactive. And the thing to know is that when you have adrenaline, it makes your logical brain go offline. So I maintain that adrenaline is every trader’s enemy, and it doesn’t mean that you’re in full fight or flight, or that you’re afraid or that you’re angry. It can affect us in a lot of ways that we’re not even really aware of. And so if you like, read other mindset books or listen to other people who talk about the psychology of trading, they talk about changing your thoughts. But what I’m really all about is how to, engage with your subconscious in a way so that it doesn’t contaminate what you’re doing on a moment by moment basis. Andrew Mitchem Interesting. So you’re taking a slightly different approach to it. So on a like just to get it on the beginning, but to give her some right at the beginning on, on a, on a like a practical basis, someone’s out, they’re trying to identify a trade setup or they’re in a trade maybe. What do you do that could help them with those scenarios? Right. So I had this trader named Tony, and he was really successful in his career, and he wanted to gear up for retirement. And he he was a very logical guy and he could understand intellectually probabilities and all that. But when money was on the line, especially when he was trying to scale or even when he was trying to, take payouts from the prop firms, he would find himself just not quite making the right decisions. So of course, he looked at his strategy and and his, you know, technical skills. But I think what he didn’t realize at the time was sometimes adrenaline would get in the way. And and so that could be like if he was putting pressure on himself to provide a financial security for him and his family, or if he couldn’t really accept losses all that well, and I’m not even talking about like, yeah, I’m not talking about like throwing a tantrum or anything, but like, his wife would notice that he wasn’t in a very good mood after he had a red day. And so, yeah, we we needed to look at what was going on for him subconsciously. And, you know, we all could try to think like, well, you know, I’m pretty much in control of my emotions or I didn’t really notice, you know, what was happening for me in the moment. But we’re talking about subconscious stuff. And by definition that’s what we’re not aware of. Andrew Mitchem Yeah. Dr. Dave Bonanno So yeah. Yeah. So, yeah, one of the things I do first is I help people to identify, what exactly is going on for them. And it doesn’t mean, you know, that we have to go back to the past and blame your parents for everything. Like I was taught to do as a therapist. But we use, eye ...
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    34 min
  • #625: Stop Watching Charts All Day (This Is Why You’re Losing)

    #625: Stop Watching Charts All Day (This Is Why You’re Losing)
    Mar 1 2026
    Stop Watching Charts All Day (This Is Why You’re Losing) Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Attend my Free Masterclass #625: Stop Watching Charts All Day (This Is Why You’re Losing) In this video: 00:35 – These things will destroy you as a trader. 01:51 – Mistakes that most traders make during the journey. 02:55 – The perfect chart to trade. 03:46 – Look at 5pm EST for multiple chart opportunities. 05:15 – Don’t burn out. 05:58 – View my Masterclass. 06:30 – Blueberry Markets as a Forex Broker. 07:21 – Contact me for help. If you’re watching the charts all day. Taking multiple trade today and you’re not consistent, then this video is for you. You see, it’s not always the strategy. It’s not your indicators. It’s not your broker’s fault. It’s a screen addiction. So if that’s you, listen up. I’ve got some really good information to share with you. Hey there traders! This is Andrew Mitchem here at the Forex Trading Coach with video and podcast number 625. These things will destroy you as a trader. And in today’s video I’m going to talk about why trading the shorter time frame charts and screen addiction and over trading will destroy you as a trader. It’s going to destroy you in many ways. It’s going to destroy your confidence. It’s going to destroy your time with your family or whatever else you do with your day. And it’s a common problem. You see, the issue is that most people think that they need to be trading all the time, and therefore they get onto the shorter timeframe charts, generally one hour or below. Most people that they’re trading say, 15 minute charts, five minute charts or even one minute charts and it’s completely crazy. And it comes about from that, lack of understanding, that lack of mindset of, of well, the people think that they have to trade more to make more money. And it’s just is not true. All you’re going to do is completely put yourself off trading, tie yourself out emotionally, physically, and you’re just going to end up paying lots of money to your broker because you’re paying lots of entry fees to take trades. You’ll end up doing silly things like revenge trading and, you know, scaling up stupid position lot sizes, etc. and, and just making complete silly mistakes and losses. Mistakes that most traders make during the journey. The good thing is, though, is that we’ve all been there, we’ve all done it. We’ve all made those mistakes. And I’ve been trading for over 20 years, and I can tell you I’ve made every mistake there is out there. The good thing is the solution is fairly straightforward. And it’s generally to get on to the longer timeframe charts. And I would say that something like generally a 4 hour chart or higher, the daily charts, if you’ve been following me for any length of time, have always been my preferred timeframe chart, because it means you just need to look once a day. It doesn’t matter where you live in the world, you can look at your charts. One today. Very easy to do. It still gives you plenty of trading opportunities. You know, the downside with, say, like the weekly charts or the monthly charts, although they can be very, very good, is that, you know, you only potentially might have an opportunity to trade, say, once a week, obviously once a month. And sometimes there may be nothing on those timeframe charts. And so it becomes a long and wait in between trades. The perfect chart to trade. To me, the daily timeframe just offers the perfect mix of everything. It means I can look through so many different charts. I can be very specific. If they say as an example, strength in the British pound, I can then go through and find the best set ups, that are buying the pound against maybe some of the weaker currencies. And, you know, you can look through the charts once a day and make those very, you know, refined, trading opportunities sort of out there you’re not rushing to do things, especially the way that we trade as well when we’re using limit orders as well. And so I just find that that is such a great opportunity to look through forex pairs, non forex pairs as well. Because you know, we look through metals and commodities and cryptos indices etc. like that as well as just the daily charts. Look at 5pm EST for multiple chart opportunities. And the beauty is, is that if you are looking at your charts on the daily timeframe, you can, go through that exact same timeframe and scale down as well and give yourself opportunities on charts such as like 12 hour charts, 8 hour, 6 hour, etc. and they all change over at the exact same time, which is New York, 5:00 pm. Now you will notice that the spreads at that time of the day can be quite large, and so don’t take trades until at least 6:00 pm. Don’t place the trades until at least 6 p.m. ...
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    8 min
  • #624: The Smarter Way To Pick Winning Stocks

    #624: The Smarter Way To Pick Winning Stocks
    Feb 22 2026
    The Smarter Way To Pick Winning Stocks Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Attend my Free Masterclass Checkout the Tykr Platform here. #624: The Smarter Way To Pick Winning Stocks In this video: 00:14 – Sean Tepper – found of TYKR 04:55 – How does this software help? 08:50 – TFTC also helps create successful traders 12:25 – Is social media helpful? 16:20 – Multiple brokers or one? 22:18 – TFTC creating a trading bot program 28:16 – 60,000 stocks analyzed 32:45 – Contact Sean Andrew Mitchem Hello, everybody. It’s Andrew Mitchem here at The Forex Trading Coach. And today I’m really pleased to be joined by Sean Tepper, who’s the founder and the CEO of Tykr. Welcome along. Sean. Sean Tepper Andrew. Good to be here. Andrew Mitchem Awesome to have you. Sean, could you introduce yourselves to everybody and let us know who you are and what you do and what we’re going to talk about? Sean Tepper – found of TYKR Sean Tepper Sure. Yeah. My name is Sean Tepper. I’m the founder of TYKR, as Andrew said. And long story short, TYKRs a platform that helps people buy and sell stocks with confidence prior to that. My background is about 20 years in tech, 15 years investing, and I kind of created TYKR as a solution to a frustration in the markets. Sean Tepper And we could dive into what that frustration is, if you’d like. Yeah. But yeah, I had to create a solution because it was very hard to make decisions when I first got started. And that’s where really TYKR came from. And, but yeah, fast forward to today. We’ve got a little over, 13,000 customers in about 50 countries, including where you’re based. Sean Tepper New Zealand. Andrew Mitchem Oh that’s good. Yeah. So you had 50 countries. That’s a that’s an awesome effort. And, and Sean, I was reading about, you know, you started, on your website says, in, you know, 2011 to 2015, you were trying to figure out what wasn’t there to help you. What did you find back then? Was the biggest frustration that led to TYKR happening? Sean Tepper Yeah. So when I first got started, you know, I think I joined E-Trade. And, you know, there’s so many brokers these days, it’s hard to keep track of. But as soon as I joined, I had no idea what to do next. So I started going on YouTube researching where do you go to invest? Like looking up different investing platforms? Sean Tepper I found a few of our competitors, like Seeking Alpha and Motley Fool, and they do a fine job, but it’s still very difficult to truly know the difference between a strong stock and a weak stock is is very frustrating. And for context, my background is in tech, but to go, layer deeper, it’s actually in process engineering. Sean Tepper Like I’ve worked a lot for GE and Koehler. And the rule is in process engineering, if you have 100 data points, you cannot present that to a customer or an executive. You have to roll it up to ideally a binary decision like yes or no or a traffic light. And I was complaining at that time, like, am I the only one complaining about the fact that there’s no process engineering lens layered over investing like, this is insane. Sean Tepper Like nobody’s making it easy. And that was kind of the green light I was thinking of, like, hey, if I could figure something out here, I think the big solution is a create a process engineering solution in the world of finance and apparently I’m the only one really doing that today, other than the few platforms that say buy or sell. Sean Tepper But I don’t really recommend that. But yeah, that was that was the beginning. And it took about a year to build this Excel sheets. And I give you context here, I found a lot of inspiration from Phil Towne. He wrote a few books on value investing. Do you know Phil Towne? Andrew Mitchem No, I don’t know. No. Okay. Sean Tepper Your your audience may be interested. He wrote a book. One of them is rule one. The other one is payback time. I really provided some. Yeah, yeah. You know, rule one investing, Warren Buffett. We can talk about that. But, yeah, I, I found some of the calculus in his books, put it into Excel, and I ended up coming up with about 50 data points to analyze the stock. Sean Tepper And then on top of that, I created a traffic like rating system where stocks are either on sale, watch or overpriced. That’s green, gray or red. And I used it the next 4 or 5 years on my own, making returns between 15 and 50%, and my returns still fall in that range today. Our customers actually fall in that range as well. Sean Tepper But yeah, I, I wanted to make sure I’m using my own money testing it to make sure it works, not just like four weeks or four months. I went like that over four years. And then it was 2019 was the inflection point when I’m like, I think I’ve got a solution here, but let’s just confirm....
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    34 min
  • #623: Trade the Markets From Anywhere in the World

    #623: Trade the Markets From Anywhere in the World
    Feb 15 2026
    Trade the Markets From Anywhere in the World Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Attend my Free Masterclass #623: Trade the Markets From Anywhere in the World In this video: 00:27 – On holiday in Christchurch. 00:41 – My trading day remains the same even when travelling. 01:45 – My trades today. 02:30 – Using limit orders to place trades when it suits you. 04:23 – Massive moves in the market. 05:05 – Get on my Masterclass 05:25 – Blueberry Markets as a Forex Broker. Would you like to trade and travel at the same time? There’s not many other opportunities that allow you to make money, carry on with your normal work, and travel. So let’s talk about that really important topic and more right now. Hey there Traders! This is Andrew here The Forex Trading Coach with video and podcast number 623. On holiday in Christchurch. I’m in Christchurch in the South Island here of New Zealand. Been here for a few days with my wife. We went to see a show last night. Caught up with one of our daughters who lives here, and we’re having a great time. Middle of summer. Absolutely beautiful here with the River Avon behind me. My trading day remains the same even when travelling. Now, with being here, trading has carried on exactly the same for me. I’ve just taken the daily chart trades today. It’s just turned 11:00 here, and my trading is exactly the same as if I were at home. And that is one of the beauties of being able to trade properly and to trade the way that we trade. I see so many different people on YouTube and different social media sites where they’re looking for this pattern to happen and they’re looking for this indicator to cross that one and they’re looking at, say, like 5 minute charts and 15 minute charts. And to me, it’s just not realistic. As someone that’s been trading for over 20 years and this year The Forex Trading Coach turned 17 years old, one of the things that I find that our clients love about what we do, and also for myself personally, about what we do, is it’s still thoroughly enjoyable and profitable, but we’re not spending all day looking at charts. My trades today. So right now, I’ve just looked at one daily chart and one 12 hour chart trades at the 5:00 pm New York change of day, which just happens to be 11:00 in the morning here at this time of year. And then that’s it. My trades are done. I will have a look at maybe 5 a.m. New York time, which is tonight. But for people that can’t make the 5 p.m. New York time, it doesn’t matter. Because the beauty of the way that we trade is we are using limit orders. And so you don’t need to be here at this particular time. And when you’re traveling, that is so important because obviously different time zones and you’ve got different events on and things like that. Using limit orders to place trades when it suits you. The way that we trade means that you can put your limit orders on when you get a chance and just leave the trade to do its thing. We have our maximum loss already controlled, so we know the worst that can happen. For me personally, it’s only half a 1% risk per trade, but it also means that if we have a profitable trade on the daily chart today, I’m going to make close to a 3 to 1 return. So in other words, half a percent risk, I will make a 1.5% gain on my account. Now, the beauty of that is you can do that. You can put that across to prop firms, whatever it is that you choose to do, whether it’s your personal account, live account, or prop firm account, and it’s just that one trade taken once a day. And that’s the beauty. For me to trade today, because of course I’d be taking the 12 hour chart trade as well, but I don’t have to place the trades right now. I’ve got hours and hours to place the trades. And so if you’re in Europe, you see how well the changeover of the new day is night time. Well, you can take those trades in the morning. It doesn’t matter. You can say, well, I’ve got work to do. I’ve got things with the family. Take the trades when you get a chance. And because, as mentioned, we use limit orders. And if we’re taking a sell trade where our sell limit is there, the market first needs to move up and that fills the sell limit order. And then we’re looking for the market to move down. Opposite with the buy trade is that we’re looking for the market to first move down. And then the daily chart or the 12 hour chart, you’ve got hours and hours before the market will do that on most occasions. So if you’d like to find out how we do this, how we travel and trade, last year in the US, and this year we’re looking at heading away as well in our winter. And so trading, as mentioned, carries on exactly the same. Massive moves in the market. There’s been some massive moves in the market again this week. So ...
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    6 min
  • #622: Massive Market Moves Most Traders Miss Completely

    #622: Massive Market Moves Most Traders Miss Completely
    Feb 8 2026
    Massive Market Moves Most Traders Miss Completely Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Attend my Free Masterclass #622: Massive Market Moves Most Traders Miss Completely In this video: 00:28 – Massive market moves recently on Metals and Cryptos. 01:08 – Did you miss out on making money from these moves? 02:15 – Why I don’t look at the news. 03:00 – Why trading is not risky. 04:18 – My Masterclass webinar. 04:46 – Blueberry Markets as a Forex Broker. 05:25 – Contact me. We have seen some massive market moves over the last few days and few weeks. Hopefully you’ve gained from those and if you haven’t, you need to watch this video. Let’s get into that a more right now. Hey there traders. It’s Andrew Mitchem here at The Forex Trading Coach with weekly video and podcast number 622. Massive market moves recently on Metals and Cryptos. Well the moves have been enormous haven’t they. If you’ve been looking at like Bitcoin. Bitcoin was $126,000 just 17 days ago. Then it dropped to $72,000, a huge drop. Did you get some of that? Silver, $121. Just three days ago, then dropped to $71 just in three days. Huge. Did you get some of that? Gold. $5,500 just three days ago. Right now, $4,400 in three days. Again. Incredible moves. Hopefully you got some of that movement. Did you miss out on making money from these moves? And if you didn’t, you need to be asking some questions. Because if you go and have a look at, say, the gold and silver, have a look at the daily chart and you’ll see at the top of a very, very large uptrend on both markets there was suddenly a huge indecision candle. It was the early warning signal for us as technical traders that things were coming to an end. The bullish run was coming to an end and look what we saw. Now, sure, not many people could have seen such a massive drop in just such a short amount of time. That’s not really the point. The point is that if you had seen that indecision candle and you still had some buy positions in, probably a good time to start looking at, getting out of them or closing part of your positions. Likewise, if you’re looking for selling opportunities, well, that indecision candle gave you the first decision or early warning that things were about to tip over. But now here we are just a few days later. Now we’re looking at buying opportunities again right now, today on multiple gold pairs as well, and a few of the silver pairs as well. And that just comes about from understanding and reading candles. Why I don’t look at the news. So if you are out there trying to decipher why these things happen, looking at news, trading and trying to work out all why’s gold and silver suddenly going up and up and up and then suddenly crash? Why is Bitcoin done the same? For me personally, as someone that’s been trading the markets for over 20 years as a full time trader, I don’t look at the news. Yes, I have a look to see what’s happening. I’m aware of what’s coming up, that type of thing, purely for knowledge. But does it influence my trading? Not one bit. The reason is, is I can tell everything I need to know to make good, smart, reliable decisions from looking at the charts now that, is applied across all markets and all timeframe charts, and that is where I think we have such an edge in our trading now. Why trading is not risky. A lot of people will look at those massive drops and go, oh my goodness, you know, that’s so risky. You know, I could have bought silver $121 and then it dropped to 72. It’s so risky. I can’t do that. And the point is, is that once you understand risk and you have low and controlled risk on every trade, you’re not making those massive losses. You know, you just if you know what you’re doing and risk is such an important part of trading or controlling it, both helps your emotions and your bank account. You need to keep your risk low and controlled and equal on every trade. And so all that is happening with those massive drops is it was giving us against the massive uptrends great opportunities to take sell positions on those golds and silvers and bitcoins, etc. over the last little while. Now we’re seeing pullbacks and now we’re seeing bounces at previous lows, and now we’re seeing the candle patterns that are starting to turn bullish in the right part of the chart to give us like opportunities to start buying those markets again and picking up those uptrends that are likely now to follow with the bigger picture uptrend after a pullback. And so that’s what I call a continuation trade. And that’s why right now today we’re about to take some certainly some gold trades and a couple silver trades. Buying them back up again. My Masterclass webinar. So if you’re out there either getting scared of these big moves or not knowing how to take ...
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    6 min
  • #621: Master Trading Discipline and Consistency

    #621: Master Trading Discipline and Consistency
    Feb 1 2026
    Master Trading Discipline and Consistency Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Attend my Free Masterclass #621: Master Trading Discipline and Consistency In this video: 00:25 – The mental side of trading well. 00:49 – Tom’s background. 02:40 – You don’t need to be perfect. 06:34 – Ideas for new traders. 09:25 – AI and the future as a trader. 14:25 – Closing the trade early for profit. 16:52 – False results from gurus online. 19:50 – Trading and stress. 23:14 – Andrew looking at D1 charts in a few minutes. 26:25 – People need support and community. Andrew Mitchem Hi everybody. It’s Andrew Mitchem here at the Forex Trading Coach. Welcome to another video on podcast. I’m really excited today to be joined by Tom Winterstein, who is a certified mental performance coach and trader over in the US. Welcome a long time. Nice to see you Tom Winterstein Great. Thank you. Great to be here. The mental side of trading well. Andrew Mitchem Tom, look, I think we’ve got a lot of great information that we’re going to help people with on this, video on podcast. Because we were just chatting about the mental aspect of trading and how it’s something we’re both huge on, but it’s something that most people just completely overlook in their trading, especially if they’re new. Andrew Mitchem So maybe you can give us a bit of background on yourself and that aspect of your trading and how it’s crucial to someone’s success. Tom’s background. Tom Winterstein Sure, sure. Thank you. Thank you for that. Well, I’ve spent over 30 years in the markets as a trader, an investor and an educator, and I’ve been focus on, you know, global markets like futures and, equities and commodities, forex and, and even crypto using a price action based approach. But that wasn’t always the case. That wasn’t how I started. Tom Winterstein Like most traders, I went through various different systems, indicators, you know, gurus, signals and stuff and totally ignored, any of the, the trading psychology or mental performance side because I thought I didn’t need it. You know, I could succeed without that. You know, most traders, you know, like yourself and like me have been very successful. We’ve had successful periods in our life and we approach this as something that it’s another thing we can be successful in. Tom Winterstein Although it’s not quite that easy, it doesn’t translate that as well. If you leave out certain parts of it. So what I realized is that most traders don’t struggle because they they lack a strategy. You know, most traders have a strategy. They’re not just, you know, throwing a dart and buying or selling willy nilly. They struggle because their execution breaks down when there’s real money on the line and in their emotions take over the, the class and that that right there, you know, that experience was the shift that led me to focus on building a repeatable performance environment. Tom Winterstein Okay. Right. Hence the mental side of it had to be combined with price action or whatever your strategy or edge was today. My work centers not only in price action, but risk management and mental performance systems that help traders perform consistently, not perfectly, but consistently. And that’s that’s really, you know, the best we can strive for as traders or investors is to be consistent and have a system that that, you know, takes us through the decision making process. You don’t need to be perfect. Tom Winterstein So in the heat of the moment, those decisions are outsourced to our process. Andrew Mitchem Yeah. Interesting. I like I really like the phrase that you use to that not making it perfect because I think when people get into trading and, you know, they buy a course or they read an e-book, whatever it might be, they see that boring bit at the top that talks about risk management and psychology and mind control, you know, mining everything, the all the important things that we’re going to talk about. Andrew Mitchem But they get that, oh, I don’t need that. I scroll down through the important bit because I want the strategy. And then when they do things like backtesting, they they want the perfect strategy. And and your phrase about it’s not perfect is so true because as we both know, we can see what we think is an A-grade setup. Andrew Mitchem You take your trade and it still doesn’t work sometimes. So that’s just the way of the markets. But not being perfect is something that people, don’t want. They want to be perfect, but they ignore the important and the risk and the micro. Why? Why is that? Why do people do that? Is it just a boring topic? Tom Winterstein Well, it’s many cases. Like even myself, when I was younger, I didn’t know what I didn’t know. Andrew Mitchem Yeah, I know...
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    30 min
  • #620: Why Traditional Investments No Longer Work

    #620: Why Traditional Investments No Longer Work
    Jan 25 2026
    Why Traditional Investments No Longer Work Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Attend my Free Masterclass #620: Why Traditional Investments No Longer Work In this video: 00:36 – How can you achieve high returns these days? 01:04 – A massive 0.75% interest rate. 01:50 – Trade results for the week from trading FX. 03:08 – What are your plans for success? 04:00 – Time and financial freedom. 04:26 – The Successful trader coaching program. 04:57 – Blueberry Markets as a Forex Broker. 05:38 – Don’t waste this year – act now! We’re living in a world where high returns are quite difficult to achieve in many traditional markets. And I want to talk about that because unless you’re out there doing something slightly different, you potentially could be going backwards when you add inflation and the cost of living, etc. into the equation. So let’s talk about that a more right now. Hey there traders! Andrew Mitchem here at The Forex Trading Coach with video and podcast number 620. How can you achieve high returns these days? Now I want to talk about inflation. I want to talk about interest rates and returns. And the reason I want to talk about that today is I’ve got a piece of paper here printed out from Lloyds Bank. It’s a bank that I used to use when I was a kid over in England. I still have an account with them, and they sent through an email, which I printed out here, regarding a reduction in the interest rates that they will now be kindly offering me on a cheque account that I still have there. A massive 0.75% interest rate. Now the interest rate has gone from an enormous 1% down to a staggeringly exciting 0.75%. So they’re effectively cutting the interest rate that I’m getting from nothing to even less, but they’re effectively taking it down. You know, they’re taking 25% off of that from 1% down to 0.75. Now, of course, neither of those two rates are very exciting. And by the way, this is up to 25,000 pounds in this savings account. Absolutely crazy. And it got me thinking, because just behind me here — and you’re not going to be able to see it on the charts — it’s only Wednesday morning here and I’m making this video and podcast. Trade results for the week from trading FX. Now, Monday was a public holiday in the US, and so far the market’s been fairly quiet this week. But even so, with the trades that I’ve closed behind me here with very low risk, I’m up 2.9% for the week so far in just two trading days. And the trade that I have open — just one trade — is up 0.5%. So that’s already this week substantially more than they’re going to pay me in an entire year. And as mentioned at the beginning, with inflation and the cost of living — just go out and try and buy something in the grocery store. Well, luckily here we grow as much food as we can for ourselves. But you go out there anywhere around the world. It doesn’t matter where you live. I know what Europe’s like right now. I’ve spent a month in the States last year, and you just see the cost of living. You look at what’s happening to your rates bills, like your insurance. Everything that you purchase just to live is going up and up and up through the roof. Yet interest rates in the traditional sense of investment — like, I know a bank account, that’s not really what you call a traditional investment — but it’s still something that you hope to earn some interest on. After all, it’s your money that they’re using and they’re giving you next to nothing. What are your plans for success? So it comes back to: what are you going to do to change that? Would you like to have the ability to, just like I’ve done here on my trades so far this week, you know, you put those trades open and closed together, pretty much a 3.5% return so far — in just two very quiet trading days. And so would you like to have that knowledge and ability to do that for yourself on a consistent basis? And if your answer is yes, I would — what’s that worth to you? What’s that worth to you in terms of a bit of time and investment in yourself? To have that knowledge to be able to do that. And I think that’s really the question that you need to ask yourself. Are you going to make 2026 the year when things change for you? Or is this going to stay the same as last year and the year before and the year before, when nothing happens and you’re effectively either treading water or going backwards financially. Time and financial freedom. And also time-wise? You know, because we all want time freedom. But of course we all want financial freedom. And you put the two together, and that’s what knowing how to trade properly with a strategy that does not require you to sit in front of the computer here all day. I’ve just looked at the daily charts today on Wednesday. There ...
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    6 min