TheForexTradingCoach.com

TheForexTradingCoach.com Reviews and Ratings

Andrew Mitchem who has founded TheForexTradingCoach is a full time Forex Trader, investor, private funds manager and trading coach with around six years of experience behind him.

The indicator that Andrew has developed helps him identify strong candle patterns, along with overbought or oversold areas and local support and resistance areas. Along with candlestick pattern, he uses Fibonacci retracements and extensions which help him and his registered members to enter and exit positions at the right time. As a routine he manages to announce around 3 or 4 good trade setups per month for the 20 currency pairs that he keeps a watch on, on a Daily chart. The initial stop loss for these trades is likely to range from 50 – 180 pips and the profit targets range from 80 – 350 pips.

TheForexTradingCoach.com Andrew also traders through the 1 Hour charts where he watches around 10 currency pairs due to the cost of the spread on some pairs. There are around 2 or 3 good trade setups per week for each currency pair. He has his indicator setup which alerts him via text message when a suitable candlestick formation occurs. Then if he thinks it is a favorable trade, he goes ahead with the new trade. The initial stop loss for these trades may range from 20 – 80 pips and the profit targets range from 30 – 150 pips.

Andrew has personally developed this Forex Trading course that will teach traders the above methods of trading. By understanding the system, the traders will be abelt to trade profitably by spending only a few minutes in front of the computer.

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