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  • #587: How This One Forex Strategy Stood the Test of Time

    #587: How This One Forex Strategy Stood the Test of Time
    May 4 2025
    How This One Forex Strategy Stood the Test of Time  Podcast: Click Here to Signup For Our 16th Birthday Sale 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 Watch Prop Firm Masterclass #587: How This One Forex Strategy Stood the Test of Time In this video: 00:32 – 16 years of coaching Forex traders from all around the World 01:18 – A proven trading strategy 01:55 – I won a global signal service competition 02:50 – How I started The Forex Trading Coach 04:30 – Clients in 108 Countries and a global trading team 05:56 – Register for our 16th birthday sale – click here https://theforextradingcoach.com/16th-birthday-sale/ 07:37 – Blueberry Markets as a Forex Broker 08:04 – Thank you for being part of the journey We turned 16 years old here at The Forex Trading Coach this week. It's something we're immensely proud of, and I like to share our journey with you and to see how we can help you to become a successful forex trader. Let's get into that a more right now. Like. Hey there, Traders! It's Andrew Mitchem here at The Forex Trading Coach with video and podcast number 587. 16 years of coaching Forex traders from all around the World So that's right we turned 16 years old this week here at the Forex Trading Coach. Something that we are immensely proud of. And it's a huge achievement when you consider the overall opinion of the forex market. And when I look back to when I started coaching back in 2009, and you look to see who's still out there today, helping people, either coaching or brokers, whatever it is related to the forex market, who are actively working today and we're active back then, there's not many of us out there. So our longevity and what we do, our credibility, I think, just absolute testament to the hard work that goes into doing what we're doing. A proven trading strategy And also the quality of the trading strategy to have, you know, something that back then was working really well. And let's continue to and today and 2025 continues to work just as well on even more time frames and even more markets that we now have available to trade for us. So it's it's absolutely, brilliant that the strategy work, it works so well and has helped so many thousands of people from right around the world over those last 16 years. In fact, we have clients in 108 countries. I won a global signal service competition Now, jump back a few years prior to that, back in about 2006, 2007, I entered a signal service competition where they tracked, people, selling signals for about six months or a year. I think it was. And my strategy won. So out of hundreds if not thousands of people selling signals or sending signals to this company back then, I won and it was a great achievement. I was very proud of doing that. And that then led on to The Forex Trading Coach starting almost by accident. I was contacted by a number of people who were buying my signals and they said, look, I see you've won this competition. It's great that we're making money from the signals that you're emailing us once a day, but I'd really like to know how to do this for myself. And that was the general overall kind of, you know, feedback that I was getting from people. How I started The Forex Trading Coach So I jumped on the plane back 16 years ago, flew across to Noosa in Australia. Gorgeous place. Stayed with a family there for about 4 or 5 nights, and I taught the guy how I trade my strategy, and it was really good and fascinating to get that information across to someone sitting side by side with them. Now to this day, I'm not going to mention the guy's name. He is on my website, but to this day he still trades and he trades because he's a very busy person and owns a chain of restaurants and he's a professional chef. He still trades longer time frame charts, weekly monthly charts.
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    9 min
  • #586: How to Trade Monthly Charts for Massive Reward:Risk Trades

    #586: How to Trade Monthly Charts for Massive Reward:Risk Trades
    Apr 27 2025
    How to Trade Monthly Charts for Massive Reward:Risk Trades  Podcast: Click Here to Signup For Our 16th Birthday Sale 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 Watch Prop Firm Masterclass #586: How to Trade Monthly Charts for Massive Reward:Risk Trades In this video: 00:25 – I’m too busy – how can I trade? 01:24 – How long does a Monthly trade remain in the market? 02:02 – When to trade Monthly charts? 03:40 – 1to 5 trades show on most months. 05:00 – Register for our 16th birthday sale – click here https://theforextradingcoach.com/16th-birthday-sale/ 06:41 – Blueberry Markets as a Forex Broker. 07:25 – Like, share and subscribe to receive notification of more trading videos. Do you want to know how you can successfully trade just once a month off the monthly charts? Let's talk about that and more right now. Hey, traders! It's Andrew Mitchem here, the owner of The Forex Trading Coach with video and podcast number 586. I’m too busy – how can I trade? So I get questions from people that say, look, I'm not interested in trading, you know, all the time staring at charts all the time. What can I do? Well, for me, and it's there for start to consider the higher time frame charts. And the best example of that where you only need to look at your charts just once a month, will be trading off the monthly charts. Now, the beauty of the monthly charts is they contain so much information because obviously each chart, each candle contains one month's worth of information of price action. And the other great thing about that, because there's so much information that they tend to be one of the most reliable chart setups. And you have to be aware that because they are monthly charts, you will find that trades will take potentially slightly longer to work out. But just think of it as a candle or a bar. How long does a Monthly trade remain in the market? In other words, if you were trading on, let's say, a four hour chart, you might expect they trade to last in the market maybe one, two, three, four bars. And therefore when you're trading on a monthly chart, it's no different. So you have to be willing to leave trades in and let the market and the price action do its thing. But the great thing about trading monthly charts is all you need to do is look at your charts just once a month, and that's on the last day or the completed day of the month. So, for example, for this month, we have, the 1st of May coming up on Thursday of this week. When to trade Monthly charts? So on Thursday, the 1st of May, the Wednesday candle, which is the 30th of April, would have close. And therefore we can then when all those, candles close at, 5 p.m., New York time, when the candle is closed, the next month will open, which is the 1st of May. And at that point, we can go and make our analysis on all of the closed and completed April charts. So we can go through the charts and scan through all the different markets. I scan personally through all the forex markets, the metals, the commodities, the indices, the cryptos. And I scan through all of them and it takes like ten minutes tops, to go through them all on the monthly charts and just to scan through, look at what setting up what has room to move for, potential for a new buy trade or a new sell trade for that month. Now, because the, price action within a monthly chart is so much bigger, the way that I trade it just means that we get massive reward tourists. And depending on the actual trade itself, we'll get reward to risk some about 3 to 1 minimum through to about 6, 7, sometimes 8 to 1 reward to risk off those monthly charts. Now, the issue is that some people will look at a monthly chart and they go, oh, I can't trade it because the stoploss is too big. That's not actually the case. What you have to do is reduce your lot size,
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    8 min
  • #585: How to Trade Market Crashes Caused by Tariff News

    #585: How to Trade Market Crashes Caused by Tariff News
    Apr 13 2025
    How to Trade Market Crashes Caused by Tariff News  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 Watch Prop Firm Masterclass #585: How to Trade Market Crashes Caused by Tariff News In this video: 00:30 – Tariffs in the news. 00:55 – Technical trading allows us to trade long and short. 02:10 – Market rises earlier this year and then falls. 03:18 – Watch the charts and remove emotion. 03:59 - 20 minutes Masterclass and book a call with us. 04:28 – Blueberry Markets as a Forex Broker. You've probably heard over the last couple of weeks that tariffs have been in the news. Let's talk about tariffs and trading and how as a trader we can bypass that news and profit whether the market's moving up or down. Let's talk about that a more right now. Hey there, Traders! This is Andrew Mitchem here, the owner of The Forex Trading Coach with video and podcast number 585. Tariffs in the news. So unless you've been living under a rock, you probably have heard about tariffs in the news over the last few weeks and how the markets have been all over the place. And, you know, there's a lot of, people grumpy about what's happening, and the mainstream media are doing their best to stir it up because, you know, of who's doing it. Just typical mainstream media. Technical trading allows us to trade long and short. The great thing is, though, as a trader, as a technical trader, where the market's moving up and down and whether it's tariffs or somebody is saying something or something's happening, it doesn't really matter. You see, the press have been winding up the moves that Trump's, had a result of because of his tariff speech, as market crashes. And that's just, again, mainstream media trying to make big news out of something. And trying to discredit someone, whereas what's actually happening is all that's happened. Yes, the market, moves so big and yes, they fell away. But as a technical trader, I can look at my charts on most of the like the Dow Jones and the S&P 500 and the and the UK Footsie in different markets like that around the world. And see that all that's happened is the prices come down to a technical level of where the markets were towards the end of last year, towards the end of 2024. So from a technical trader's point of view, there's nothing extravagant that has happened. Although you wouldn't, believe that from watching mainstream media news. Market rises earlier this year and then falls. And the prices has gone up through, you know, December, January, February, March. And it's just come back. Yes. It's happened quickly. Yes. It was a big move, but it's just come back to support technical levels. And now the price is moving back up as I'm recording this right now. The interesting thing is that yet again, mainstream media, nobody talks about the benefits of, oil prices dropping, you know. Yeah, that's crashed. But again, they tended for some reason, wonder why I keep very quiet on those sort of things. So they're very selective and what they want you to listen and believe. But as a trader, the advantage is if the market's moving down well, there's just opportunities for us to take sell trades on some of those markets. And now that the market started to move back up again there's opportunities. Guess what. For us to take buy trades on those markets. So again you got to be very careful. The vast majority of people unfortunately don't understand that the vast majority of people believe what the mainstream media say, and it's all doom and gloom. Whereas in reality, if you know what you're doing, it's not at all. Watch the charts and remove emotion. So as a trader, as someone that looks at the charts and doesn't get emotional about trading on who's saying what and how it happened and what happened. You can learn to profit from moves in either dire...
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    5 min
  • #584: How to Trade Bigger Time Frames with a Small Account

    #584: How to Trade Bigger Time Frames with a Small Account
    Apr 6 2025
    How to Trade Bigger Time Frames with a Small Account  Podcast: Click Here to Download my Lot Size Calculator 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 Watch Prop Firm Masterclass #584: How to Trade Bigger Time Frames with a Small Account In this video: 00:34 – Do you have a small trading account? 01:17 – Understanding risk and your lot size correctly. 03:58 – Profit targets are all relative to the movement in the market. 05:34 – Use my free MT4/MT5 Lot Size Calculator Script. 05:45 - 17 minutes Masterclass and Book a Call. 06:02 – Blueberry Markets as a Forex Broker. 06:45 – Comments, Like & Subscribe. Do you often find that with the small trading account, you have difficulty placing trades on charts like daily or weekly or monthly charts that need a bigger stop loss size, and therefore we cannot take the trades. If that's you. Listen up, I've got some great tips and information to share with you. Let's get into it right now. Hey there, Traders! Andrew here, the Forex Trading Coach with video and podcast number 584. Do you have a small trading account? So I want to talk about people with small trading accounts because a lot of the times I hear people say to me, look, I can't take those longer time frame charts. I can't take trades on a daily chart or weekly chart. So monthly charts, because I don't have a big enough account size to allow for a big stop loss. And unfortunately, it's a bit of a common misconception that people think they cannot trade on those higher time frame charts, which, by the way, are quite often some of the better trades to take because of the quality of the trades. And the people think they cannot trade them because they require too big a stop loss, and their account is not big enough to allow for that. Understanding risk and your lot size correctly. So the issue actually comes down to understanding risk and understanding how to calculate your stop loss correctly. Because most people don't do that. A lot of people say, I'm just going to put on 0.1 lots or 1.0 lots or 0.5, whatever it might be. They just put the same lot size on every trade. And if you do that, the problem is, is either, you know, one that when it gets stopped out the, stop loss amount, it's going to be way too much. And so therefore it could argue lots of smaller gains. And that again comes down to not understanding how to calculate your losses correctly. Now to help you out I'm going to put a link here which you'll find to my free lot size calculator. You can download my MT4 or MT5 lot size calculator. It's a script. Put it on your charts and you'll use it all the time and it will massively help you. But the issue becomes, let's say, you have a monthly chart trade. It requires looking to make up some numbers at 200 pips, stop loss and someone goes, oh, I can't take it because my account is not big enough. You probably can. You know, you might end up needing, let's say, a 0.01 lot size, but you can still take the trade. And the reason it needs to be a bigger stop loss is because it's all relative to the candle size in the market movement at the time. Now you take that down to a, let's say, a one hour chart trade, where obviously the movement is a lot smaller and the stop loss needs to be a lot tighter. It might again, for ease of numbers, let's say it has a ten pips. Sorry, at 20 pips. Stop loss. The monthly chart has 200 pips. Stop loss. The, our chart has a 20 pips. Stop loss. All it means is on your one hour chart, you could probably going to be trading with ten times the, the lot size. The risk is still the same. So you're not trading at ten times the risk. The risk in terms of the percentage of your account remains the same. It's just the lot size might be 0.1. Lots on your one hour chart, whereas on your monthly chart it might be 0.01 lots.
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    7 min
  • #583: Why Most Traders Fail Prop Firm Challenges and How to Succeed

    #583: Why Most Traders Fail Prop Firm Challenges and How to Succeed
    Mar 30 2025
    Why Most Traders Fail Prop Firm Challenges and How to Succeed  Podcast: Click Here to Register My Upcoming Webinar - "Prop Firm Mastery: How To Get - And STAY - Funded... So You Can Transform Your Income In Just 30 Minutes A Day" 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 Watch Prop Firm Masterclass #583: Why Most Traders Fail Prop Firm Challenges and How to Succeed In this video: 00:26 – Advantages and disadvantages of trading on a prop firm. 01:05 – People jump in too soon and then fail. 02:02 – Prop firm challenge example. 03:44 – Large gains for a small investment. 04:25 – Use a VPS and copier software. 05:24 – A free and LIVE webinar for passing a prop firm challenge. 06:16 - 17 minutes Masterclass and book a call with us. 06:27 – Blueberry Markets as a Forex Broker. So you want to know how to pass a prop foam challenge and to make money by making commissions via prop firm. Let's talk about that a more right now. Hey there, traders! Andrew Mitchem here at the Forex Trading Coach with video on podcast number 583. Advantages and disadvantages of trading on a prop firm. Today is about passing prop firm challenges, the pitfalls and the advantages of trading via a prop firm. Now, if you don't know, all approximates, go and have a look online. If you do know what one is. Then you'll know that they're not always as easy to pass as you might think. They look really good, and for a lot of people, they look to be a fantastic way of making some very, very good, substantial profits from trading. But with that, needing your own funds and that is the obvious advantage of them. But there are a number of things you have to be careful of. People jump in too soon and then fail. One of the most common issues that I see is that people jump into a prop firm way too soon. They should don't know how to trade, and they just think they're going to pay $500 to get $100,000 account. Pass a few demo challenges onto real money, make a fortune. The reality is that for most people, that's not going to happen. And it comes back to, as I've mentioned, that they jump too soon. So for me, it's really important that you look at a prop firm maybe as something maybe like 6 to 12 months from now. So it's a profitable first, get yourself profitable and have confidence in strategy and understand it on a demo account. Then a small live account and then maybe a larger live account. And at that point, with consistency and with the meeting, the rules of a prop firm. You can then go and successfully pass the challenge. Now this printed out some, a prop firm challenge here. This happens to be from, blueberry funded. And they have one and two step processes. I actually really like the two stage process. The two step process. I'll tell you what, because you have to prove yourself twice on a demo account before you go to live money. And what I like about it is because you have to prove yourself twice, and you will probably take a little bit longer to pass the demo, challenge or challenges. Prop firm challenge example. As a result of that, you get given a larger drawdown amount. And to me, probably the most, well, the biggest reason why people don't pass prop firm challenges is because they get stopped at and they reached the drawdown criteria, and that means that they're risking too much and they're having too many losing trades, etc.. What I like with this idea is that you need to make a, a 10% gain, but also they allow you up to a 10% drawdown. So there's a lot more flexible in there. And so by going through a two stage process, having that bigger drawdown, ability, when you get on to the real account, things become a lot easier. You think about it, if you have the ability to have, let's say, a 10% drawdown as opposed to maybe a 5 or 6% drawdown when it comes to real trading and real money.
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    7 min
  • #582: How to Avoid Useless Forex Indicators

    #582: How to Avoid Useless Forex Indicators
    Mar 22 2025
    How to Avoid Useless Forex Indicators  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 Watch Prop Firm Masterclass #582: How to Avoid Useless Forex Indicators In this video: 00:24 – What trading Indicators should you use? 01:31 – Most Indicators don’t work. 01:52 – You must look at the price. 02:23 – Horizontal levels and Candles are good indicators. 04:50 – Blueberry Markets as a Forex Broker offering a 50% credit bonus. 05:19 – Book a Call and speak with us. 05:35 - 17 minutes Masterclass. What is the best trading indicator that you can use on your charts as a trader? Let's talk about that more right now. Hi there, Traders! It's Andrew Mitchem here, the owner of The Forex Trading Coach with video and podcast number 582. What trading Indicators should you use? Today I want to talk and discuss indicators. As a trader, if you open any charting package, whether it's MetaTrader like I've got the Me here or Trading view, whatever it is that you use, you will find that trading package, that charting package absolutely full of various indicators. They can be dots and lines and arrows and triangles and all sorts of different things on your charts. And I'll tell you what, they look amazing, don't they? They look so good, especially if you're a new trader and everybody falls for it. I know I did this like 20 years ago. I had this moving average crossing over that one and a swing low here and a MACD there, and I looked absolutely beautiful, and I knew that I was going to become a multi-millionaire in no time at all, because as soon as this line crossed that line there, and this dot showed there and below it and all those things, it was going to be a brilliant, simple, easy trade. Said reality is, none of that is true. That is the truth. Most Indicators don’t work. The reality is that almost all indicators that you see on a standard charting package, they lag time, they tell you what's already happened, they can't help you, most of them with what's likely to happen or any sensible trading decisions. Sure, there are some that can be used as a bit of an age once you know what you're doing. You must look at the price. But in general, most people get completely caught up because they don't look at the obvious thing. And that's the right hand side of the chart, and they do not look at the price. If you don't look at the price and you rely on dots and arrows and lines, etc., you're going to get spaghetti on your charts and you're not seeing what's really happening. You're not seeing the true psychology behind what's happening. What's really happening are the buyers are the sellers. Has it bounced at that level before all those type of things? You're completely ignoring because you're failing to look at the price? Horizontal levels and Candles are good indicators. I much prefer a number of indicators. Horizontal levels are absolutely fantastic. Why? Because they never move. A horizontal level that you see is the same as what I see at the same time. You know, again, the price, whether it be the daily pivot point, support and resistance level, swing high swing lows, those things never change. And so by having those on your chart, it's giving you something that's an absolute that's actually happened. If the price pulls back to a round number and that happens to be a previous swing low and it bounces at that level, well, quite likely, then you're going to get that support level holding and the price is likely to move up. So then I add another, indicator of a sort and that's candle, patterns and understanding candles themselves. What they're telling me are they exhaustion candles. Are they indecision candles. Are they confirmation of a change in direction? Are they confirmation of a continuation pattern or a reversal pattern?
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    6 min
  • #581: How to Choose the Best Forex Pairs for Trading

    #581: How to Choose the Best Forex Pairs for Trading
    Mar 15 2025
    How to Choose the Best Forex Pairs for Trading  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 Watch Prop Firm Masterclass #581: How to Choose the Best Forex Pairs for Trading In this video: 00:22 – Forex pairs – what to choose? 01:37 – The best pair to trade is …….. 02:00 – Assessing Strength and Weakness. 03:13 – Fine tuning to pick the best setup available. 04:25 - 17 minutes Masterclass. 04:33 – Blueberry Markets as a Forex Broker offering a 50% credit bonus. 05:05 – Book a Call and speak with us. As a forex trader, what are the best forex pairs that you can look at trading? Let's talk about that a more. Right now. Hey traders, Andrew here at The Forex Trading Coach with video and podcast number 581. Forex pairs – what to choose? What to talk about forex pairs as a trader you have a lot of pairs available and a lot of people, especially when they start. I get very confused with the different currency pairs. You standard main pairs you get you exotics, you get your minors, and more and more pairs now are available to us as traders. So really the question is what is the best pair to trade? Well, a lot of people think you need to trade just the euro US dollar or just the US yen because their spreads are tight. And in the case of the EUR/USD, it tends to have the most movement or not some movement, but the most volume traded on it, per day in general. And then other people look at pairs like the GBP/JPY because it moves a lot and they think they need to trade that. And then people look at pairs like the EUR/CHF, which doesn't move a lot, and they think they can't trade it. So that becomes a lot of confusion out there. Do you need, like the most liquid pair, the tighter spread. Do you need one that moves a lot? Do you need one that doesn't move at all? The best pair to trade is …….. And so my answer is it depends. And I know I say that to a few things because it's true. I don't just trade the NZD/USD or against the JPY because I live in New Zealand. You shouldn't do that either. You shouldn't have an emotional tie to a currency pair. What you should do is look through all the currency pairs. And the reason I say that there's a few reasons. Assessing Strength and Weakness. Number one, you can assess strength and weakness very well. If you do that. As an example, rather than just looking at the EUR/USD, why don't you look at also the EUR/JPY, the EUR/GBP, the EUR/AUD, EUR/NZD, EUR/CAD and make a full assessment. So if for example you can do that and you see let's say all of those pairs were moving up, that's going to give you a fairly good indication that the Euro is very, very strong. But if you didn't do that and you looked at just the EUR/USD and is moving up, you don't know whether the strength in the Euro or whether that movement of the EUR/USD heading up is, is just because the US is extremely weak right now. So you might be taking a by trade on the EUR/USD thinking the strength in the Euro, whereas it may just be the US weakness that's pushing it up. And the Euro against other pairs may actually be dropping. So you're not doing yourself any favors there. So to assess multiple currency pairs is going to be your best option. Fine tuning to pick the best setup available. The other thing that gives you is let's say you see really good buy trades on the EUR/USD, the EUR/CAD, the EUR/AUD, the EUR/NZD, the EUR/CHF. Let's say they're all showing some fairly good setups at the same time. And by the way, I only trade on the close of a candle. Let's say you see that what you really then should do is fine tune those setups and maybe pick 1 or 2 of the very best ones setups that give you a high probability chance of a success for trade setups that have round numbers in their favor. On a buy trade that doesn't need to break a previous swing hig...
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    5 min
  • #580: What’s More Important: Win Rate or Risk-Reward?

    #580: What’s More Important: Win Rate or Risk-Reward?
    Mar 9 2025
    What’s More Important: Win Rate or Risk-Reward?  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 Watch Prop Firm Masterclass #580: What’s More Important: Win Rate or Risk-Reward? In this video: 00:23 – What should your win rate be? 01:03 – Controlling your emotions. 01:23 – An example of a 90% winning system trader. 03:01 – A high reward:risk is more important. 04:47 – Summary of what’s important to be a profitable trader. 05:24 - 17 minutes Masterclass and Book a Call. 05:47 – Blueberry Markets as a Forex Broker. 06:03 – Comments, Like & Subscribe. What percentage win rate do you need to be a successful and profitable trader? Let's get into that and more right now. Hey there, Trades! Andrew Mitchem here at The Forex Trading Coach. Video on podcast number 580. What should your win rate be? Want talk all about a winning percentage level rate. What should it be? and what do you need that to be in order to be a profitable trader. Now the answer is quite interesting. And it may not be quite what you're expecting me to say. You see, if I ask most people out there, what should your percentage win rate paid? They'll go, oh, it needs to be 80%, 90% in order to be profitable. Then it's not actually true. There's more to it than just the win rate. Yes, sure. The win rate is very important. And yes, it's more than just how many winning trades you get. Controlling your emotions. It's the whole mental approach to trading. There's two things in trading you need to control. Like I've said, one's ahead, one's your heart. You've got to control your emotions. And so obviously having more winning trades, more profitable trades is a good thing psychologically, emotionally it helps you trading. Of course it does gives you confidence. Everybody wants to see winning trades. An example of a 90% winning system trader. But here's a scenario, I had someone many years ago, and you may have heard me talk about this in the past, who came to me with and this was a real situation, by the way, came to me with a 90% winning system. So every ten trades, they had nine profitable trades, one loss. You'd think, especially if you're relatively new to trading. Wow, what an amazing system. I want to know how they did it. The issue is, is that person was losing money. And you think about it. How does that happen? Well, it's quite simple. What they were doing is having small wins and a big loss. And to put it in very simple, basic terms, let's, let's talk pips. You know, I don't like pips. And I don't believe in pips as a way of identifying profit. But let's make it simple. And let's say that they had nine trades in a row making an average of ten pips profit. So therefore they made 90 pips. You could think of it as like percentages. And they had one loss out of those ten trades that lost let's say 100 pips. So now the minus ten pips. If they were making 1% all the time and they lost 10%. Yeah. Same thing. You know, they're negative, but the win rate's really good, which is what you all want. And I'm here to say, well, maybe it's not quite as important as you think. So for me, there's more important factors. A high reward:risk is more important. And a good strategy to me should always have a high reward to risk. And that's more important. And let's do some very quick numbers again. Let's imagine we still have ten trades. And let's imagine instead of being a 90% winning system we're only a 50%. So we're losing half the trades. We take one and every two trades we take will now lose. Okay. In this scenario. Now let's say we have a 3 to 1 reward to risk trade. So that means on every single trader take I have a stop loss. Let's call it 1%. And I have a profit targets. Let's say it's three times. Now of course in reality it's not always going to be exactly that.
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    6 min