040 – Interview w Andrew Mitchem of TheForexTradingCoach.com

Andrew shares his passion for flying helicopters and how it parallels the challenges and discipline required in successful trading.

We talked about the evolution of trading technology from the dial-up internet era to the rise of expert advisors and bots in the late 2000s, revolutionizing the Forex market for individual retail traders.

He shares his transition from a farming background to trading due to personal circumstances and the challenges he faced shifting from physical work to a more abstract field like trading.

We discuss the probabilistic nature of trading and how Andrew developed his trading strategy based on observed patterns and price movements rather than seeking a magic formula.

We emphasize the importance of observing the market, not just in terms of individual trades but in understanding the broader market dynamics and patterns.

Andrew shares aspects of his trading method, which involves observing pivot points, considering price movement, and analyzing strength and weakness in currencies.

Andrew highlights the significance of risk management in trading and how he maintains a consistent risk percentage per trade, regardless of the chart's timeframe.

Andrew's journey into teaching others about trading began somewhat accidentally but evolved into a passion for helping individuals navigate the complexities of trading through observation and practical methods.

We converse how market conditions vary based on different factors, such as time of year or overall market sentiment, and the importance of adapting to these changes.

Andrew stresses the importance of seeking guidance and mentorship in trading, emphasizing that trying to learn everything on your own can be limiting.