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Can You Really Make Money as a Small Time Forex Trader?

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http://theforextradingcoach.com - Can You Really Make Money as a Small Time Forex Trader? Sign Up Now! Click here: https://theforextradingcoach.iljmp.com/2/qqyee In this video: 00:24 – Everybody has this same question – Can you make money as a small time Forex Trader? 00:59 - Reasons why so many traders fail to make money 01.50 – How it’s possible to make money as a Forex trader 03:00 – Daily trading suggestions and results 04:18 – Recent client’s testimonials – including clients who are now trading Forex full time 06:16 – How can you benefit from this information? 06:40 – Make sure you are one of the 5-10% of traders who are successful
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Text Comments (121)
Carlos Berrios (20 days ago)
this is just self promotion, boring
Carlos Berrios (19 days ago)
easy to hurt
Andrew Mitchem (19 days ago)
Just adding some valuable and free information to help people. If it's not for you, don't watch it!
John Dough (1 month ago)
This video is nothing but a commercial for this guy’s subscription. Voted down.
Andrew Mitchem (1 month ago)
If you take a look you'll find 280 weekly videos (all for free) with valuable trading tips and information gathered from my 15+ years as a full time FX trader. If it's not for you that's fine.
Just Me (2 months ago)
he's sure trying hard not to look down/away from the camera when he lies.... nlp at work?
Andrew Mitchem (2 months ago)
At least try to say something useful. If you don't like what I put there for FREE, don't bother watching it. Simple really!
Tahir Mahmud (4 months ago)
All he said in first 2 mins I have done in past and lost 100% of money twice ,
Andrew Mitchem (4 months ago)
If you've lost 100% of your money (and twice!!) you are doing something seriously wrong. You are ignoring money management and position sizing. Maybe listen to this again.
Kajal Makwana (4 months ago)
who earn $500 easaly wid forex contect me 8401872686
Stephen Annan (5 months ago)
Hi Mitchel, I want do Forex trading course from beginners to professional.
Sarvar Bhat (5 months ago)
Its all rigged. There is no way you can make money
Andrew Mitchem (5 months ago)
Yes you can make money from trading Forex. We do this - myself and the vast majority of my coaching clients on a consistent basis and we've done so for years.
Sluice Fund (7 months ago)
have a good day to anybody who reading this.
gleen sabuero (7 months ago)
Yes I accept what you said - it's not straight forward than some people make out to make money online and someone could easily lose money. You should be aware of this and seek advice from experts who've made cash. I searched a few sites and discovered a lot of great help by searching google on sites such as easy exchange blueprint. Good luck and hope you profit soon!
ane naseva (7 months ago)
There are many components to how to make money foreign exchange markets online . One resource I found which successfully combines these is the easy exchange blueprint (google it if you're interested) definately the best remedy that I've heard of. Look at the awesome info .
Vendi Vukelic (7 months ago)
I certainly accept what what a couple of others said - definately more risky than some people make out to make money from foreign exchange and someone can be likely to lose money. You should be aware of this and get help from other people who have traded for years. I looked many websites and found a lot of expert help by searching google on websites like Easy exchange blueprint. I wish you luck and hope you make some cash!
Magdalena Dimkovik (7 months ago)
There are many components to learning to profit binary options easily . A place I found that successfully combines these is the easy exchange blueprint (check it out on google) definately the most incredible resource i've seen. Check out the awesome info .
Jeremias Macias (8 months ago)
i really dont recommend forex, the down trends can come anytime or almost all the time each week. Its not stable at all.
Garry Mclean (16 days ago)
Which software do you use?
Ted B (25 days ago)
Jeremias Macias you need to get a software/algo and automate your trades infact that's the only it works. I depend on one and earns me a comfortable income monthly. Makes me $12k a month.
David Bergman (9 months ago)
Let me explain something to mosst of the newbies out there. Some who is extremely successful in trading..... most likely is not going to waste their time making a training program....
Andrew Mitchem (9 months ago)
Why not do both?
Sergio M. Lebrón (9 months ago)
Lol this is bullshit. As a small forex trader, Ive made money CONSISTENTLY. I NEVER use the Stop Loss mark (only a few exceptions), only the 'Take Profit' mark. There has been times when ive been $ -800 (which is fine)... this is the point where you ride it out and make profit when the time is right. Relax. Markets always fluctuate.
Daniel Tillotson (9 months ago)
Agreed, When youre lots are small enough you can almost always just wait it out
Tyler Paron (9 months ago)
I would definitely recommend a stop loss for any trader, using risk management is key to making consistent profits and not having to sit in a trade for a long time for a small account of 5k I would say anywhere from 3-5% stop loss. If you can be consistent 60% of the time you will be able to make good profit. I started out not using a S/L and had to learn the hard way, multiple times 😂
Sergio M. Lebrón (9 months ago)
Well, I guess you're right. I wouldnt "bet" all that margin in a 5,000 account though. But its true now that I think about it. Depending on how big your account is, you'd be benefiting from a stop loss. I just think that most of youtubers audience is for people who either are starting out OR have small accounts (less than 10k).
Andrew Mitchem (9 months ago)
I don;t know your account size but let's say it's $5k. You are $800 down in open trades (16%) - try doing that with 2 or 3 trades all in the same position at the same time. Then try doing it with a $100k account and see how you like being 48% drawdown in open trades!
Michshnly (10 months ago)
i wanna trade but gamble other peoples money
Victoria Pham (10 months ago)
tks a lot for sharing
Shushanto Bose (11 months ago)
30% annual growth on your account value is pretty poor tbh. Who could quit their job based on that? Doesn't sound right.
Carmine DAuria-Gupta (9 months ago)
He said you would make that much just by copying his stuff and only spending 5 minutes a Day. Did you even listen?
Andrew Mitchem (11 months ago)
Unfortunately most retail traders don't understand this subject so it's ok, you are not alone. Forget about making pips - they are irrelevant. Here's a link to my free risk calculator that I've developed for people to use for free. It will really help you and explains everything - plus it's so simple to use. See here https://theforextradingcoach.com/free-forex-tool.html
Shushanto Bose (11 months ago)
@Andrew Mitchem: Sorry you didn't answer the question at all. The question was how you calculate the 0.5%. You say you're willing to risk 0.5% of your account value per trade. Say you have $100,000 in your account. You're willing to risk 0.5/100 x 100,000 = 0.5 x 1000 = $500. *You're willing to risk $500 on a trade.* My question is: how do you calculate (i.e. how do you determine) that you are risking $500 (and not $600 or $400)? Please give a *worked example* of a hypothetical trade, so we can see the arithmetic, please.
Jeff C (11 months ago)
S B my applologies it was meant for the author! But yea that was my story of working as a broker in my mid/early twenties
Shushanto Bose (11 months ago)
@Jeff C: Thankyou for your candid and informative reply, i just wanted to know more about the brokerage business.... but the second part of your msg, "But I digress" onwards, was that meant for me or for the author of the video? I'm just a spectator of this video like you, I'm not selling anything. What exaggerated claims did I make?
Thiago Santos (11 months ago)
Thank you!:)
Goat78 (11 months ago)
Man talk about real $h!t people want to hear. Talk about how much money need to start with and how much money you win monthly.
Andrew Mitchem (11 months ago)
Goat78 - I've got around 238 videos on line so I'm sure you can find something to suit, see here https://theforextradingcoach.com/weekly-video-news.html
richie m (11 months ago)
YESS A DOLLAR A DAY
To get profit without risk, experience without danger, and reward without work, is as impossible as it is to live without being born. Following a reliable forex signals provider like SignalSkyline to stay align with market trading trends You only have to a very few things right in your life, as long as you don't do too many things wrong.
hammaoui ahmed taher (5 months ago)
svp comment je peus trader par robot automatique sur la plate forme FORTADE merci
Riad Ahmed (1 year ago)
10% profit is ok but how consistently ?
lionel curry (1 year ago)
You make forex trading as your big income source. Forex market offers plenty of opportunities for traders. I am a forex trader and I can earn my full living costs from forex. And my broker AGEA helping me with their useful services. Their execution is too fast and I learned with them how to make trading strategies. Trading with them, I can withdraw money whenever I want with quick process.
Dwayne Clement (1 year ago)
*All Beginners are getting aroud 1k daily without Risk- This is my earning strategy, Check out Before Start Your Trading -**https://t.co/3MZ1bVODQo** .*
S R (1 year ago)
Strategic Endeavors FX do you have a day job too? I want to start trading alongside school/university in the future but dont know if I will have enough time. How much time does it take out of your day once you have learnt most about how to trade? Thanks
Leonardo Serpa (1 year ago)
Buy ogx stocks
Mohamed Metwaly (1 year ago)
I'm depending on technical analysis and fundamental analysis is it enough ?
Party Favors (2 months ago)
Hanif Al Harith Antar Then prove that you can’t and stop giving us this bull crap. I’m a firm believer that you must prove your theory and if u can’t then be quiet please!!!!
Hanif Al Harith Antar (9 months ago)
You guys lie to the common man , you make them believe you can start making a lot of money using $100 or less , that is all a lie you actually need a lot of tools to make real money with forex . I have been benefiting from a strategy called the octavia strategy by Alekk Ivanov you can search about it on the the internet for more information .
Ron Bergman (1 year ago)
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polkatrumpeter (1 year ago)
not
4xclone (1 year ago)
I agree
true
Jacob Kgomo (1 year ago)
hi Mitchel can you please help me trading forex,thanks.
Hanif Al Harith Antar (9 months ago)
You guys lie to the common man , you make them believe you can start making a lot of money using $100 or less , that is all a lie you actually need a lot of tools to make real money with forex . I have been benefiting from a strategy called the octavia strategy by Alekk Ivanov you can search about it on the the internet for more information .
samuel olufemi (1 year ago)
Andrew Mitchem I'd like that too.but apart from here is that any app we can have conversion because am from Nigeria and they just announced it this year
Andrew Mitchem (1 year ago)
That's hard to answer. It depends if you want to try to learn yourself or if you want to take a course like mine - which will short cut the learning time and save you a lot of money and headaches.
samuel olufemi (1 year ago)
Andrew Mitchem for how long we take to learn the trade
Will C (1 year ago)
more hype
By Design (1 year ago)
I would like to see something like this from someone who isnt selling something...
WicksDontLie (1 year ago)
lol view my page
Stacey Bryce Adams (1 year ago)
I have been forex trading since 2006 and no you will not get rich in retail forex but I do make $$$ with my theory .
how much do you make
Nick Bentley (1 year ago)
what is your strategy Andrew?
Rodney Butler (1 year ago)
*All Beginners could earn 1k daily without Risk- This is my earning strategy-**https://t.co/ZipI7fHlpi** .*
De când am început utilizarea strategiilor sale de tranzacționare am avut succes în tranzacționare opțiuni binare, esti cel mai bun mr mccune scott, asigurați-vă că să-l contacteze pentru cele mai bune strategii
pitchika bhaskara (1 year ago)
elizabeth don't quite.My Dream is to become a professional Trader i work since 3 years was achieved thru mr mccune scott my account manager,contact him on Skype<mccunescottallen> on Skype and <[email protected]> on mail. for your recovery on trade.
henderson elizabeth (1 year ago)
Have seen so much complains about trading and i have also been a victim of wrong deposits to Brokers that i thought quitting was the best thing to do.
Hayden Harris (1 year ago)
Ambiguous nonsense and full of unrealistic spin! He is grooming people for gambling. The majority will fail he says, actually everyone will win sometimes and loose sometimes.
Shushanto Bose (11 months ago)
@ Hayden Harris @Andrew Mitchem The difference between casino games and trading is how the game can be modelled. Trading is certainly gambling, by definition, otherwise you could work out a way to win every single time. Every investment is gambling, homes included. Financial markets are modelled stochastically, not deterministically. This means that the odds are not a definitive equation such as an ODE. It means there is an aspect of error involved. This error is random. So you cannot determine the "odds" on a particular trade and label it 1/4 or whatever. This however, does not mean it is ONLY random luck. There are trends and patterns which are meaningful. But within those, random luck is always part of the risk.
Mo Aadil (11 months ago)
Bas Mdaka Somebody is a sore loser, don't like the business stay away.
Bas Mdaka (11 months ago)
You sound like a failed forex trader - again you dont know what you talking about
Mo Aadil (1 year ago)
You are correct Hayden however if you play the Forex market technically and wait for economic news to release and even then use a sensible stop loss I wouldn't call that a gamble. However, if you work on just trends then you will be a long-time loser i'm afraid.
Rai nanda salengko (1 year ago)
i think it's har to do forex , because many people dont have the basics to do this.. need more research for the great information. would share information to someone who didn't UNDERSTAND about trade or forex ! thanks bcs i need to know more for a good basics and i need knowledge from pro trader
Harjot Gandhi (9 months ago)
Andrew Mitchem - this is exactly what I am talking about. Since when did you invent engulfing candle strategy. It is not yours (as you claim) - it was invented by Japanese rice traders. Stop hijacking other people's material which is also freely available on the internet.
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Hayden Harris (1 year ago)
With respect, you can research all you like when it comes to the Forex market but, it will not help you because you would never know any of the underline reasons why the graph suddenly changes direction, for goodness sake, what is so complicated about this common logic and why systems are only a style of playing and not the answer. The teachers and their systems are either kidding them selves or the on looker.
Andrew Mitchem (1 year ago)
Thanks for your reply. I can certainly help you. You can start with my free course https://theforextradingcoach.com/engulfing-candle-strategy
Stuart Nicholas (1 year ago)
Hi Andrew can i ask what you mean by the charts change at 5AM and 5PM every day in one of your videos. enjoying your teaching in the UK, thank you .
Andrew Mitchem (1 year ago)
Hi Stuart, when trading the H12 charts (I have software that I use to create these charts on MT4), they close at 5am and 5pm EST New York time, so if trading this time frame chart, I only need to look at my charts twice a day.
Trading Supports (1 year ago)
thanks
Stephen O Neill (1 year ago)
Is it a good idea to purchase Iraqi Dinar to make money?
Matthew B (1 year ago)
one of my issues with courses in general is that they do not teach you the basics of trading most sell you a system a software system if you unsubscribe then you are left in the water. i am more interested in courses that teaches you how to actually trade using indicators that you can use independent of whether you are subscribed or not
Aedan (4 months ago)
lol and yet it sounds like a scam to me
Harius Thamrin (1 year ago)
Hi Andrew, another great video. Would like to thank you for your free risk calculator tool, it certainly help.
Andrew Mitchem (1 year ago)
Thanks for your feedback. Glad you like my calculator too. It makes life so much easier.

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