Online Forex Trading Course

If You Only Have $1,000 to Trade Forex, Watch This First



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#649: If You Only Have $1,000 to Trade Forex, Watch This First

In this video:

00:24 – Trading on holiday in Brisbane.

00:48 – Are you firstly profitable on your demo account?

01:30 – Position sizing on $1k account.

02:10 – Downsides to trading a $1k account.

03:20 – Trade the account properly.

03:48 – Forget how much money you are making.

04:22 – Focus on the percentage gain you make.

I’m going to give you some tips about the best way to trade your account if it’s, say, like a $500 or a $1,000 live account. Let’s talk about that and more right now.

Hey there, Traders! Andrew, The Forex Trading Coach for video and podcast number 649.

Trading on holiday in Brisbane.

I’m on holiday here in Brisbane with my wife. Been here for the last 10 days, having a great time around the area, and just received an email just a few minutes ago from someone that made a perfect video and podcast topic.

They asked me, they said, “Look, I’ve got a $1,000 live account. How can I trade it? What are the best things to do and what should I be looking out for, you know, as a new trader with that size account?”

Are you firstly profitable on your demo account?

So to me, the important things are that you make sure that, 1st of all, before you go live, that you are profitable on your demo account.

When you open a demo account, make sure you open that demo account with a similar size account than you would with your live account.

So in other words, if this person is starting with $1,000 live, then start with a $1,000 demo. Don’t start with, say, like a $100,000 demo and then go to $1,000 live because it’s just not going to be the same.

And the issue that I see with a number of brokers, you know, they sort of default to like a $100,000 or $500,000 demo account. And it’s just not real when you go live. So that’s the 1st point. Make sure that you’re profitable.

Position sizing on $1k account.

When you go live, if you do start with something like $1,000, you’re going to be really struggling when it comes to accurate position sizing.

So you’re probably, on most trades, going to end up just taking 0.01 lots. There’s not a lot of choice that you have on that.

Like, if you’re still trying to keep that low risk and high reward-to-risk out of your trading, but you are probably going to struggle a little bit more when it comes to the real accurate position sizing.

So I’d suggest that you go 0.01 on pretty much everything, and if your money management allows you to go up higher than that, then do so. But, you know, you’re probably not going to get it very often.

Downsides to trading a $1k account.

And the issue that I see when someone has $1,000 now, for some people, $1,000 is a lot of money. For other people, $1,000 is basically play money.

The downside for those where it’s play money is that they go, “Oh look, it’s just $1,000. I don’t really care if I lose it. I’m just going to, you know, just play around with it basically.”

And the issue there is that they don’t treat their trading properly.

The other scenario, when the $1,000 is a lot, is that I look at it sometimes and think, well, if it’s a huge amount of money for you, should you really be trading that $1,000?

Would you potentially be better off understanding your strategy still, and then maybe putting some money into maybe a prop firm where you can prove to them that you can trade properly?

Because, of course, you could do that with maybe, you know, $50, $100, a couple hundred dollars, depending on the size of the prop firm account that you’re going into.

But you might be better off rather than trading that $1,000 of your own money and trading that prop firm’s funds. But of course, once you know what you’re doing.

Trade the account properly.

So whichever way that you go, the important thing is that you trade it properly and you treat it like it was a lot more money.

And so the key there is, like I said, low risk, low lot sizing, trading it properly.

If your strategy says you close before the weekend, make sure you do it. Don’t just go, “I don’t really care if it stays open over the weekend,” you know. And if that’s not your strategy, make sure that you treat it properly.

Forget how much money you are making.

The other important thing to make sure that you do well on that $1,000 account is don’t worry about how much money you’re making.

A lot of people say to me, like, “How can I make a living off trading with a $1,000 account?”

And the answer simply is you can’t.

But it doesn’t really matter. The point of a small account is to get you into the mindset and the mentality of trading live because it affects your head and your heart when you start trading live money as opposed to demo.

And that’s the downside, of course, with demo. You never have those true emotions in your trading, whereas you do when it starts to become real money.

Focus on the percentage gain you make.

So the key is not whether you can make, say, like, you know, turn your $1,000 into $2,000 or $5,000. That’s just silly. This is gambling.

The key for me is, let’s say that you turned your $1,000 into, say, $1,200 or $1,400, $1,500.

You know, it’s a 20%, 30%, 40%, 50% return on your account with low risk.

And then you can start compounding on that and getting more accurate position sizing once you start getting into, you know, up to $1,500-$2,000 and beyond.

So really important that you understand the trading 1st, that you’re profitable, you’re comfortable 1st, and then trade your small $1,000 account, if that’s the way you want to go, properly.

And make the mistakes on the demo.

And also you’re going to potentially make a couple of mistakes when you 1st go live as well. That’s fine. That’s just part of the journey.

But it’s not going to cost you an absolute fortune.

So I hope that helps.

This is Andrew here at The Forex Trading Coach, enjoying Brisbane here, and I’ll see you this time next week.

Bye for now.

Episode Title: #649: If You Only Have $1,000 to Trade Forex, Watch This First

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This 10-Minute Trading Routine Saves Me Hours Every Day



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Book a Call with Andrew or one of his team now

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#648: This 10-Minute Trading Routine Saves Me Hours Every Day

In this video:

00:26 – Important to trade a routine.

01:02 – Helps identify Strength and Weakness.

01:34 – Also trade H12, H8 and H6 charts.

02:20 – Eliminate pairs you don’t want to trade for the day.

02:55 – Only look at a candle on the close.

03:40 – Weekly chart scan.

04:32 – Check out my new Masterclass.

05:12 – Blueberry Markets as a Forex Broker.

05:26 – Use my 10 minute scan each new trading day.

Today, I’m going to give you my 10 minute morning trading routine that saves me hours each day as a full time trader. Let’s get into that more right now.

Hey there, Traders! It’s Andrew here, The Forex Trading Coach with video and podcast number 648.

Important to trade a routine.

I think it’s really important that you have a routine in your trading. I think it’s also really important that you don’t spend too long doing your trading. But to do that, you need to know exactly what to look for. Now I have a very easy to follow and implement 10 minute trading routine that I do each day, and I do this at the completion of the trading day, which is 5 p.m. New York time.

Now that happens to be my morning time here in New Zealand. And each day I go through the daily charts at the completion of the daily charts, when they’ve closed at 5 p.m. New York time. And that allows me to quite easily in 10 minutes, go and scan through the charts and see what’s happening in the markets.

Helps identify Strength and Weakness.

I can easily identify strength and weakness. I can see which pairs looking like they’re all moving up. So let’s say all the Euro pairs for strong that day. And therefore that gives me the bias that maybe the euro strong. And maybe I should be looking at the pairs that have weakness and strength in the euro. So example let’s say the US dollar was particularly weak all day.

And I can see that the euro strong. Well, that’s going to give me the bias that maybe the EUR/USD might be worth looking at, depending on its candle pattern and it’s room to move, etc. when trading for that day.

Also trade H12, H8 and H6 charts.

So once I’ve scanned through those charts on the daily charts, I can also at the same time have a look through the charts on the 12 hour, the 8 hour, and the 6 hour, because, you see, they all close at the same time.

And at that 5 p.m. New York time is a really important time for me as a trader. But if that doesn’t work for you, don’t worry about it. You don’t have to be trading at exactly that time. You see, the beauty of trading those longer time frame charts and the beauty of trading using limit orders is you’ve got hours and hours and hours to actually place the trades, because with limit orders, let’s say a buy limit, I’m looking for the price to move down first anyway and get me filled.

So if you can’t place those trades, let’s say you’re in Europe until your morning time. Most of the time those trades are not going to get filled anyway, so you don’t have to be there. Bang on 5 p.m. New York time.

Eliminate pairs you don’t want to trade for the day.

Now, the other thing is when it comes to trading, is that because I’ve scanned through those charts, I’ve eliminated a lot of pairs.

I don’t want to look at that day, and that’s going to massively help me throughout the rest of the day. My other important time that I like to look at charts is 5 a.m. New York time, because at that time, other timeframes such as the 12 hour. The 6 hour. The 4 hour, 2 hour charts also change over.

And of course, it’s European daytime by then as well. So by doing the morning scan, I can then help shortcut any other trading opportunities that I look at later in the day.

Only look at a candle on the close.

Now the other important thing is to only look at a candle on the close. So if you are looking at, say, 4 hour charts, just look at a 4 hour chart.

Once the candle is completed, if you’re 2 hours into a 4 hour chart, it’s pointless looking at it because it’s just going to move so much and you’re just not doing yourself any favors. You’re wasting time. So by identifying on the bigger time frame chart, the levels that I’m looking at, the pairs that I want to focus on, or the pairs that I don’t want to focus on.

That 10 minute morning scan for me saves me hours every day. It also means that I’ve fine tuned what I’m looking for, and I know exactly what charts to go and look at throughout the rest of the day. Now, if you do this, it’s going to save yourself a lot of time and a lot of effort.

Weekly chart scan.

And think about this also because at the beginning of each week, I do the exact same scan on the weekly charts.

Now, if I happen to have the weekly charts and the daily charts all showing me the same bias, let’s say EUR/USD on the weekly chart was bullish and on the daily chart it’s bullish. Well, guess what’s likely to happen that day. Now if I see a good bullish setup on let’s say a 4 hour chart, I now have strength on the daily, I have strength on the weekly and I have the quality set up, let’s say, on that 4 hour chart.

So you can either use the scan to take specific trades based off candle patterns on the weekly charts or the daily charts, or use that information if you wanted to trade shorter time frame charts because you’re putting strength and weakness and that strength bias in your favor, it has to add more weight and likelihood to you having a successful trade.

Check out my new Masterclass.

So if you’d like to know more about how we do that and how we can help you to do the same, jump onto my masterclass if you’ve not already been on there. Look, we’ve been teaching people for over 17 years from right around the world. We’ve got clients in 111 countries. We know what works, we know what doesn’t work, and we know how to impart that information and that knowledge that we have onto traders.

So whether you’re brand new and you’re just starting out in trading and you’re a bit lost and confused because let’s face it, as a it’s a minefield out there, or whether you’re that frustrated trader that’s been out there and, you know, tried everything under the sun and about to give up, well, we can help you as well. So jump onto that masterclass.

Blueberry Markets as a Forex Broker.

And if you’re looking for a high quality, MT5 broker that offers so many markets, tight spreads, great people, great communication, fast withdrawals, I highly suggest you can set up Blueberry Markets are put linked to them as well.

Use my 10 minute scan each new trading day.

So this is Andrew here, The Forex Trading Coach. Don’t forget the 10 minute routine at the start of the new day will save you hours.

It makes your trading high probability outcome and makes your trading more enjoyable. And it also means you can do things like getting outside and enjoy the great outdoors, or do whatever it is that you want to do. But please don’t sit on charts watching every pip of movement. It’s just not enjoyable and it’s not sustainable. Do the opposite.

Trade less high quality trades, controlled risk, high reward to risk outcomes and you’ll do well from your trading. Any questions? Send me an email, Andrew@TheForexTradingCoach.com I see this time next week. Bye for now.

Episode Title: #648: This 10-Minute Trading Routine Saves Me Hours Every 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 Attend my Free Masterclass

I Never Move My Stop to Break Even… Here’s Why



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Book a Call with Andrew or one of his team now

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#647: I Never Move My Stop to Break Even… Here’s Why

In this video:

00:30 – Should you move your stop loss to breakeven.

01:05 – No relevance to the price you entered.

01:40 – Alternative ways to manage a trade.

02:38 – Take the full profit not a partial profit.

04:00 – Check out my new Masterclass.

04:12 – Blueberry Markets as a Forex Broker.

04:27 – Forget moving your stop to breakeven.

Do you realize that the market doesn’t care why you entered the trade or where you entered the trade? So why do people have this massive obsession with moving their stops to break even all the time? Let’s talk about that and more right now.

Hi there, traders! It’s Andrew here at The Forex Trading Coach with video and podcast number 647.

Should you move your stop loss to breakeven.

Outside on another stunning winter’s day here in Nelson, New Zealand. So today I want to talk about moving your stops to break even. Why do so many people do it? I’ve had so many discussions with people. It’s got me into a bit of trouble in the past at certain trading conferences that I’ve been to because of my opinion.

Now, I’m not saying don’t move your stop to break even. If you have a strategy and it works, go for it. I’m not saying you shouldn’t do it.

But my question to you is, why do you do it? And what’s the point in doing it?

You see, so many people just think moving their stop to break even is a safe way of trading, and it protects losses, which in some ways it can do. But there are so many better things you could do.

No relevance to the price you entered.

You see, for me, moving a stop to break even has no relevance. The market doesn’t care when you entered the trade, why you entered it, or what the price was.

So you’ve just entered the trade at some random price. You’re in the trade now. Simply putting your stop loss at that entry price, what does it mean? It means nothing.

Technically, it means nothing. If you’re a news trader, it means nothing. What is the point in doing it?

And for me, it’s just a bit of a fluffy, feel-good thing. You know, pretty brutally honest, but I think it’s true that people just feel okay about not losing on the trade.

Alternative ways to manage a trade.

Now, the issue I have with that—well, there are many. Moving your stop loss to that price point has no relevance.

So what you could do instead is maybe close part of your trade. You could move your stop loss, if you really want to, but to a technical level. Don’t just put it simply at the price that you got filled at in the market.

You could, on a buy trade, let’s say, put it below the last swing high, or you could put it below a round number and stagger the trade up as it gets into profit. That’s 1 thing you could do.

Of course, if you wanted to do those types of things or partially close a trade, I would do it for a reason.

I don’t just do it because, you know, you feel like it. Do it for an absolute reason. And I think that’s the important thing here.

We’ve got to try and get our emotions out of trading and manage our trades for a reason, not simply because it feels good.

Take the full profit not a partial profit.

The other problem I have with moving stops and messing around with your trades is when you close a trade early, what you’re doing is limiting your potential gains.

Now think of it this way. For most people, if they take a loss, they take a full loss. If they move their stop loss to break even, they basically get nothing from the trade on the entire position, let’s say.

But what happens if you’ve already partially closed some of your trade and it gets to the full profit? Well, you’re not gaining the full lot size of your original trade when you hit profit.

So when you say you made a 2-to-1 trade or a 3-to-1, whatever it might be, you might only be making that on part of your original lot size. So your actual overall gain is nowhere near the amount it should be.

So for me, it’s quite important that you enter a trade for a reason. You put your stop loss at a safe level for a reason.

You know your risk, your complete risk, if the trade goes completely against you, and you put your profit target at a level for a reason.

So therefore, if you’re risking, let’s say, 0.5% and you make a 3-to-1 trade, you make the full 1.5% gain.

I think it’s really important that you do that because, like I said, if you take losses, then generally you’re taking the whole loss anyway.

So you want to make sure that when you hit a profitable trade, you get the full gain on that.

Check out my new Masterclass.

A few additional things for you. Have a look at our masterclass. You’ll find it really useful if you’re new to trading. It’s about 20 minutes long. I’ll put some details under this video and podcast.

Blueberry Markets as a Forex Broker.

And if you’re out there looking for a really good broker, I can highly recommend Blueberry Markets. They’re a really good bunch of people, with very quick withdrawals as well, very tight spreads on their trades, and lots and lots of markets on their MT5 platform.

Forget moving your stop to breakeven.

So that’s it for this week. Just consider breaking even. Consider not doing it. Consider better ways of doing it, and try not just to feel fluffy, nice feelings about your trade simply because you’ve made $0.

Episode Title: #647: I Never Move My Stop to Break Even… Here’s Why

Find out more about Blueberry Markets – Click Here

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Book a Call with Andrew or one of his team now

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Watch Me Take 2 Live Oil Trades… Both Won in 31 Minutes



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#646: Watch Me Take 2 Live Oil Trades… Both Won in 31 Minutes

In this video:

00:35 – Live trades taken on my European session webinar from 13th August 2026.

01:33 – 2x H1 Oil trades hit their profit targets in 31 minutes on a live webinar.

02:57 – 5 trades taken live on the webinar.

03:43 – Learn while you earn.

04:17 – European and US session webinars.

04:43 – Blueberry Markets as a Forex Broker.

05:03 – Gold Daily trades taken.

05:17 – Like, share and subscribe.

Hey there, Traders! This is Andrew here at The Forex Trading Coach. If you’re out there looking to become a good trader, there’s nothing better than following someone in real time, asking questions, and seeing them trading.

On our webinar just last night, I took 2 sell trades on UK Oil and US Oil. They both happened in real time. They were both profitable, and I’m going to share those video clips with you right now.

Live trades taken on my European session webinar from 13th August 2026.

Bradley and also Isaac just mentioned the UK and US Oils. Bradley on US Oil. Oh, sorry, Isaac on US Oil, Bradley on both.

On 1-hour charts. Guessing they’re going to be bearish. Oh yes. Very nice. Good spotting. Good spotting.

Yeah, nothing wrong with those 2. Very nice. And the fact that they are both pulling back right now gives us just that little bit extra. There’s 89.50, and it’s bounced, I’m guessing, at 90 or pretty damn close to 90. Only a few pips away. So that’s excellent.

Got a round number in there of 83. Do you know what? I think they’re both good. I’m going to take them both. Appreciate you finding those 2.

2x H1 Oil trades hit their profit targets in 31 minutes on a live webinar.

Well, that one’s very close. So is that one. There we go. Happy days. Now, only on very, very, very, very, very tiny amounts for me on here. Okay, so they’re only at 1/8 because I combined to put them on the normal level.

But regardless of that, how much I make or you make is irrelevant. It’s the percentage that we look at, risk and reward-to-risk.

I think we said on these, so it’s about 44 pips and it’s just about hit the profit target. So that’s well over 2, wasn’t that? Pretty much bang on 2. There we go. Just hit profit right then.

And if we go to UK Oil, ooh, we’re about a fraction of a pip away. Just got the spread. There’s bid, ask, and there we go. Profit on that one as well.

So really nice to see 2 live trades both hitting profit. Notice that they’re both continuation trades as well. So UK Oil, US Oil, both hitting profit there.

So thank you. I think that was Ryan and Bradley who found those 2, and I think Isaac as well. You mentioned 1 of them as well. So great spotting, and hopefully you all just made a profit on those 2 trades. Thank you, Dean, for letting me know.

5 trades taken live on the webinar.

So there you go. Hope you enjoyed looking at those 2 trades and learning from them.

So that’s exactly what our clients do on all of our live webinars. I ended up taking 5 trades on the webinar live in the end, but those 2 I wanted to share with you because they’re really quick trades.

They were both in and out of the market in 31 minutes.

Now, the 1st trade, the UK Oil, also had a 1.3-to-1 reward-to-risk, slightly lower than we normally take. However, you just saw the reason why I lifted my stop loss to above the round number of 90, just for that added protection.

And of course, why would you not do that when you’ve got such a powerful level just there in the way? Use it to your advantage.

The US Oil made a 1.7-to-1 reward-to-risk trade, so really good profitable trades in just 31 minutes.

Both trades were taken live, and you can see the profitable results.

Learn while you earn.

So our clients not only could see me take those trades in real time, they could learn from them. And of course, if they took them themselves, which most people did, they made profit from those trades while being on the webinar.

So again, it comes back to learning why we’re taking those trades and seeing us do this in real time.

You know, we’re not hindsight traders. We’re not just out there closing just good trades and ignoring the others.

We’re putting all of our trades there on the webinar in real time for people to see and follow, like we do every day with our daily chart trades.

European and US session webinars.

But our webinars are held in the European session 1 week, US session the next week. They’re all live, they all get recorded, and so our clients have the opportunity to attend them live or watch the recording if they can’t get on there live. And it’s just such an invaluable resource.

If you’d like to know more, I’ve put together a new video on our homepage at The Forex Trading Coach, and there’s the opportunity to download a PDF there that gives you lots of information about how we trade and how we can help you.

Blueberry Markets as a Forex Broker.

If you’re out there looking for a really good broker, I can highly recommend Blueberry Markets. You would have seen I took those 2 trades on that live webinar on my Blueberry Markets account.

I’ll put a link to them as well. I’ve been with them for years. Really good people, really good broker, very fast withdrawal times as well. You know, they’re really quick to deal with and efficient as well.

Gold Daily trades taken.

And Blueberry Markets have lots of other markets available. Just today, for instance, I’ve taken 3 gold trades on the XAU/EUR, XAU/USD, and XAU/SGD.

So lots of options there with Blueberry Markets to trade the market that’s showing the best setup at the right time.

Like, share and subscribe.

Don’t forget to like, share, and subscribe, and email me directly at Andrew@TheForexTradingCoach.com if you’ve got any trading questions.

But I hope you enjoyed this video and podcast today, just sharing a glimpse of what we offer here for our clients to help make them successful traders.

Episode Title: #646: Watch Me Take 2 Live Oil Trades… Both Won in 31 Minutes

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

The Trading Mistake That Cost Him 5 Prop Firm Accounts



Podcast:



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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

#645: The Trading Mistake That Cost Him 5 Prop Firm Accounts

In this video:

00:26 – Remember hearing about Aesop’s fables?

01:33 – Trading luck on a demo account.

02:40 – Prop firm account failures.

03:42 – When I started trading, I had no idea what I was doing.

04:38 – Trading is harder than you think.

05:13 – Avoid the mistakes and view my Masterclass.

06:04 – Blueberry Markets as a Forex Broker.

06:22 – Questions, Like, share and subscribe.

Have you ever confused trading skill with trading luck? I know I used to do it. I’m sure you’ve done it. And I’ve got a great story to share with you. Let’s get into that more right now.

Hey there, Trader! Andrew here at The Forex Trading Coach with video and podcast number 645.

Remember hearing about Aesop’s fables?

Do you remember as a kid you may have heard about Aesop’s Fables? Well, I’ve got a story to tell you today that’s a true story, and it’s about confusing trading skill and trading luck.

A number of months ago, I received an email from somebody who was saying, “I don’t need to learn how to trade. I know how to trade, and I don’t need your course because I know how to trade.”

And I was thinking, why is this person telling me this? Why are they wasting their time, or my time, telling me this?

So I had a little look online at our database, and I saw this person had been on our masterclass. They’d downloaded my book and calculator, they’d been opening emails all the time, and I thought, that’s strange.

Why is this person so interested in what we do if they’re so good? And it’s fine if they’re really good. Good on you, go for it.

So I wrote back to him and said, “Look, that’s absolutely fine. But keep in touch. If you want to send me some details, I will have a look.” So he sent me his account details.

Trading luck on a demo account.

Of course, it was a demo account. All I could see was trading luck. I couldn’t see any skill there. Now, of course, I couldn’t tell his strategy and how he was taking the trades, but I could see the results. And yes, there were some very good trades on there in terms of monetary value.

But when I looked at the risk and the stop losses and that type of thing, it was a complete fluke.

I didn’t quite tell him that in those exact words, but I said, “Look, it looks like your money management and your risk management are not great. They could be improved. We could certainly help you there. Have a look at some of my free videos.” And I left it at that.

He wrote back and told me, “Well, I certainly don’t need your help.”

So this went around in circles. I was getting a little bit confused. I’m trying to help someone, they didn’t seem to want the help, but they kept writing anyway.

I said, “Well, good luck.”

And he wrote back and said, “I’m going to be a successful trader trading prop firms.”

So I said, “Oh well, again, keep in touch if you really want to, but good luck. Off you go.”

Prop firm account failures.

Now, just this week I received an email from him saying that he has failed 5 $100,000 prop firm trials. They’ve cost him about $550 USD each, so you can see how much he’s spent. And he’s not made a single penny out of it.

It’s no surprise to me because, obviously, to pass a prop firm you’ve got to have low risk and low drawdown. You could see clearly this guy was never going to do that if he continued to trade the same way.

So I kind of felt like going back and saying, “Well, I told you so.”

I also kind of felt like thinking, “Well, if you’ve just spent 5 lots of $550 USD, for way less than that you could have jumped on our course and be trading the way that we trade, with low risk and following what we do.”

I didn’t tell him that, but I kind of felt it, and he’s probably got that feeling himself. So when I think about Aesop’s Fables, it’s like you learn the hard way. A lot of those stories are the same. When I started trading, I had no idea what I was doing.

When I started trading, I had no idea what I was doing.

Look, I’m not saying I’m immune to this. When I started trading, I did exactly the same. I was trading on a demo account, and I was just randomly putting positions on here, there, and all over the place. Most of the time, no stop losses, just random lot sizes of 1.00 lots because I thought that’s what I should do.

I’ve looked at a lot of good trades as well. I distinctly remember showing friends at the time and saying, “I’m going to be a full-time currency trader because look at all these trades I’ve made. I’ve just turned a $100,000 demo account into like half a million dollars in about a month. Look at me.” And I did well.

Now, of course, that never happens in real time, in real life, in live accounts, because you soon figure out through the school of hard knocks, whether it’s through blowing accounts or not being able to afford any more money, or like this guy, 5 failed prop firm challenges in a row, that trading is a lot harder than you think.

Trading is harder than you think.

You do need to treat it properly. You do need low risk. You do need some support and some help. And you do need a proven strategy.

So it’s quite interesting when you think about that. This guy could have saved himself a whole heap of headaches, a whole heap of time, and a whole heap of money, and he’s still no better off today.

That’s the other thing. He spent 5 lots of $550 on prop firm accounts, and he’s got nothing to show for it now.

Sure, he might have learned a few things along the way, but he’s not actually any better off in terms of his logic, his strategy, or any hope of making a return.

Avoid the mistakes and view my Masterclass.

So look, if you’d like to avoid being like him, and like I was at the very early stages, probably 23 or 24 years ago now, do yourself a favour. Jump onto my masterclass. Have a look. It’s completely free of charge, with no obligation. Have a look. It’s 15 minutes long, and please ask questions of us. That’s what we’re here for.

We’ve been doing this for a long time. We’ve got clients right around the world, so we know what works. We know what doesn’t work as well, and we’re doing this ourselves every single day.

I’ve just taken a 6-hour chart trade right now, just a few minutes ago, selling the AUD/USD. I’ve taken 2 daily trades so far today already as well.

We’ve got several weekly charts on, and at the beginning of this week, the beginning of August, we took monthly chart trades as well, all for our clients to follow, learn from, and hopefully profit from as well.

Blueberry Markets as a Forex Broker.

If you’re looking for a really good broker, I can highly recommend Blueberry Markets. I’ll put a link to them. They’re a great bunch of people, with really good spreads, lots and lots of markets on their MT5 accounts, and very fast withdrawals as well.

So if you have any other questions, don’t forget to email me directly at Andrew@TheForexTradingCoach.com and I’ll see you this time next week.

Bye for now.

Episode Title: #645: The Trading Mistake That Cost Him 5 Prop Firm Accounts

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