Trading Forex with Andrew

Trading Forex with Andrew

The forex market is currently the largest market in the world, with the largest trading volume and liquidity. This means that for anybody who wants to trade forex, there is a serious opportunity to make very real profits. However, trading forex is not as easy as some people may think. In fact, it’s actually quite difficult.

Trading forex takes a lot of skill, knowledge, and practice. If you have no idea what you are doing, and you have never traded forex before, chances are almost 100% that you will lose all of the money that you invest. However, there are some really good ways for you to learn how to trade forex, as well as tools that will help you trade forex without you really having to do any heavy lifting.

Today, we want to take a closer look at trading FSX with Andrew. Andrew is a long term day trader who has been in the business for well over a decade at this point. He makes a full time living trading forex and other types of assets, but only trades for a few hours per day. You can make quite literally thousands of dollars in a single day trading forex, and if you follow all of the tips, strategies, and rules that we are about to discuss, then you can do the same. Let’s talk about how you can learn trading FX with Andrew.

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Trading Forex on Andrews Trading Channel

One of the ways in which you can learn trading FX with Andrew is by checking out his YouTube channel. If you are looking for a variety of tips, rules, and strategies on how to trade forex, then this is the place to be. Andrew’s trading channel on YouTube is 100% free, it is loaded to the brim with thousands of videos that will teach you exactly how to trade forex. Let’s take a closer look at some of the most popular videos that you can find about trading FX on Andrew’s open trading channel.

trading forex

A Forex Trading Strategy for Newbies

If you are just getting into the world of trading FX, we definitely recommend checking out this particular video. Here, Andrew discusses a rather perfect forex trading strategy for newbies and grandmas, or in other words, for people who just don’t know what they are doing. Here, you will get access to one of the simplest and easiest, yet also most profitable trading strategies that newbies could possibly use.

Support and Resistance Secrets

There are many different tools and charting solutions out there that you can use for trading forex. One of the very best tools that you have at your disposal is support and resistance. Support and resistance will tell you exactly in which direction to trade and what the future holds for specific currency pair. In this particular video about trading FX, Andrew discusses a variety of support and resistance trading secrets and support and resistance trading strategies. This is one of the best and easiest ways to make money trading forex.

The Best Scalping Indicator

If you want to trade forex, but you only want your trades to be open for a very short amount of time, then what you are doing is forex scalping. Now, for forex scalping, there are many different trading strategies and indicators that you can use, but not all of them are ideal. That said, in this particular video, Andrew discusses one of the best scalping indicators that you could possibly use to trade forex. This is a tool that will help you make easy profits on a daily basis without much work.

Trading Forex with MACD

One of the best indicators that you could use for trading FX is the MACD or moving average convergence divergence indicator. Although we aren’t going to explain exactly how this big indicator works right now, Andrew does explain it within the video. Moreover, Andrew explains exactly how to use the moving average convergence divergence indicator, a specific strategy, to make profits on a daily basis.

 

Learning How to Trade FX from IMB

OK, so, Andrew’s trading channel on YouTube is a great resource that does not cost any money. However, it’s really an amalgamation of random tips and strategies, rather than a coherent forex trading education. That said, if you do really want to learn how to trade forex like a professional, we recommend checking out the Income Mentor Box day trading Academy.

The Income Mentor Box day trading Academy is a state-of-the-art trading school designed to teach you all about forex trading. It will also teach you how to trade the stock market and cryptocurrencies, but trading forex is the main focus. Here, you will get close to 60 full length lessons that come in video format.

trading forex

Here, Andrew explains everything verbally, visually, and backs everything up with live trading examples. This allows newbies of all backgrounds to learn how to trade forex without any prior experience. The course is structured in such a way so that each lesson acts as simple stepping stone for the next lesson, so you never get confused or overwhelmed.

By the end of the curriculum, you will learn quite literally everything there is to know about trading FX to be a sustainable and profitable trader. But is also pretty cool about trading forex with Income Mentor Box is that you also get access to a free trading ebook as well as one of the best support and resistance indicators at this time.

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Trading Forex with IMB Forex Signals

When it comes to trading FX with Andrew, if you don’t actually want to learn, or just don’t have the time, then using a forex signals service to provide you with research trading ideas is the next best option.

Well, there is a forex signals service that comes included for free with your membership and the Income Mentor Box day trading Academy. Here, you will get up to 12 high quality forex signals per day that are accurate roughly 90% of the time, therefore making it nearly impossible to not make money.

All signals come complete with all the information that you need, including entry and exit points, to place profitable trades, without actually having to do any of the research or heavy lifting yourself.

trading forex

 

Final Thoughts on Trading Forex with Andrew

The bottom line here is that if you want to start trading FX profitably, Andrew is definitely the best person to learn from.

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Best Forex Strategies & Advice

Best Forex Strategies & Advice

The fact of the matter is that Forex trading is of course not easy. Sure, it has the potential to be hugely profitable when done right. However, it also has the potential to cause traders to lose large sums of money in very short periods of time. Yes, there are plenty of successful traders out there, and what they all have in common is that they used good Forex strategies.

Now, if you are a newbie to the world of Forex, you probably don’t know too many Forex strategies. Moreover, if you have never traded before, you could definitely do with some tips and advice, and some crucial education in general. FX trading is not the kind of thing that you can just wake up one morning and decide to be successful at by day’s end. It takes a lot of good knowledge to trade FX profitably.

This is what we are here for today, not as much to talk about specific Forex strategies and trading advice, but more to provide you with a great source for these strategies and tips. His name is Andrew. A, a long time day trader with plenty of experience under his belt. Andrew has seen great success in the world of Forex, and through his various funnels and channels, he does his absolute best to relay the best Forex strategies and advice to the people who need them the most.Forex Strategies

Who is Andrew A?

Before we get into talking about some of his best Forex strategies & tips, let’s quickly talk about Andrew. Andrew is a Forex trader with over 10 years of experience under his belt, and yes, he is very profitable. In fact, Andrew is the creator of the Income Mentor Box Day Trading Academy, various Forex & Crypto signals groups, and even some high quality automated Forex trading software too.

This man knows what he is doing, and where he is generally best known from is his YouTube Channel, Andrew’s Trading Channel. Specifically, this trading channel is what we are here to talk about today, as this is where Andrew provides his followers with some of the best Forex strategies and trading advice around.

Forex Strategies

 

Andrew’s Best Forex Strategies & Advice

Ok, so right now we want to take a look at some of Andrew’s best and most recent Forex strategies that he has covered, as well as some of his latest Forex trading tips and advice videos too. Let’s take a look.

Simple & Profitable Forex Scalping Strategy

What you need to know here is that in Forex, scalping is all about placing many small trades. Instead of placing a few large trades, which can be very risky, scalping is all about making tons of small trades on short timeframes. This can indeed be very successful when done right.

When it comes to Forex strategies, this particular one involves using the 3 EMA (exponential moving average) to create scalp trade setups. It’s definitely a video worth watching if you want to make decent profits really fast. This is one of Andrew’s most recent Forex strategies videos, and it has already become very popular among his followers.

EUR/USD Forex Scalping Strategy

Yes, here we have another video where Andrew describes one of his popular scalping Forex strategies. However, unlike the strategy video discussed above, in this one, Andrew uses the EUR/USD currency pairing as an example.

He does everything right in front of your eyes, including placing trades, so you can see exactly how he does it. If you want to trade the EUR/USD pairing, that has a huge profit potential, checking out this video on how to do it might be able to help you out.

Knowing When to Cut Trades

When it comes to Forex strategies, something that needs to be a part of every trading strategy, is knowing when to cut trades. Yes, sometimes trades go south and losses happen. This is just the way it is, and it is nothing to fret about.

That said, when trades are not going your way, you need to know when it is time to throw in the towel and just cut your losses. In this particular trading tutorial, Andrew discusses the two most important signs you need to be aware of that signify when it is time to cut a trade.

3 Ways to Find Forex Entries

Whereas the previous Forex strategies video we looked at was about knowing when to cut your trades, this one is about knowing when to open them. Of course, entering a Forex trade at the right time, and making sure that you are trading with the right currency pairs, is essential to success.

The right timing for the right trade can make a world of difference. This is why in this particular video, Andrew tells you what the 3 best ways to find Forex entries are. This is a really important tutorial video for all newbie traders, and we would definitely recommend watching it.

RSI & Fibonacci Forex Hack

In this particular Forex strategy video, Andrew discusses a somewhat complex yet useful trading strategy. As far as Forex strategies go, particularly those discussed by Andrew in recent times, in our opinion, this is by far one of the best.

Yes, it involves using two different indicators, Fibonacci and RSI in order to find the best possible trading signals and the best entry points. Yes, this particular strategy takes a bit of know-how and some time to master, but it has great profit potential and is definitely worth looking into.

 

Best Forex Strategies & Tips – Final Thoughts

As you can see, when it comes to the best Forex strategies and advice, Andrew’s Trading Channel is one of the top sources indeed. He’s got plenty of great advice that everybody and anybody can make use of. Folks, if you really want to make Forex trading as easy as possible for you, checking out the EA Pip Scalper app is a good idea, the first fully automated Forex trading system of its kind.

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The 7 Basics of Forex Strategies

The 7 Basics of Forex Strategies

When it comes to the world of Forex, something you really cannot do without are trading strategies. Yes, Forex strategies are very diverse and there are plenty of them to go around, hundreds in fact. If you plan on actually making a profit in foreign currency exchange trading, you need to have a solid plan in mind.

In other words, you need to have a mastery of various Forex strategies in order to profit. Without the right knowledge, skills, and some solid strategies in your arsenal, chances are pretty big that you will not see success anytime soon. Yes, FX trading is much harder than the pros make it look. Now, today we do not want to focus on specific Forex strategies for profitable trading.

What we want to focus on here are the basic components and the fundamentals which go into creating and using Forex strategies the right way. Specifically, today we want to cover the 7 basic components that you need to prepare for in order to make your Forex strategies work for you.

Forex Strategies

The 7 Fundamentals of Forex Strategies

Alright, so as we mentioned above, there are 7 vital components to every Forex strategy. More than that, these 7 fundamentals are crucial to master and to keep in mind at all times when you are trading, and this is regardless of the specific strategy you plan on using. If you follow the 7 tips that we have outlined below, you should be able to make any and every Forex trading strategy work to your advantage.

Money Management

Perhaps the most important component that you need to factor into all of your Forex strategies for Trading is money management, which is another way of saying risk management. Of course, the risk of losing money is an inherent part of trading FX, as well as with stocks, commodities, and so much more. What you need to know here is that losing money is inevitable.

No, we don’t mean losing everything, but losing a trade here and there is going to happen no matter how well prepared you are. This is the nature of the game. However, it’s all about how well you manage your money and the risk of it all. In other words, never risk more money than you can afford to lose comfortably, so no using your rent or mortgage money to trade currencies! Don’t use it if you can’t afford to lose it.

Time Management

The next important component of Forex strategies for profitable trading is time management. No, of course, you cannot spend the live long day trading, especially if you have a day job. However, equally as important to know is that profitable traders do spend all day trading, with many being full time traders who make all of their money in the world of FX.

Now, if you have a day job, you will still need to dedicate at least a few hours per day to trading, at least if you plan on being successful. The reason why people who trade for only an hour each day usually are not successful is because they miss the best opportunities. Simply put, you always have to be on the lookout for the best opportunities by keeping an eye on the market whenever possible.

Starting Small

Something that you always need to do, particularly if you are newbie testing out new Forex strategies, is to start off small. By this, we meant that you should stick to the smallest lot sizes possible and never invest a large chunk of cash into any one trade. If you are not yet very experienced, risking so much money is not worth it, especially considering that due to your status as a newbie, things are likely to not go your way.

Therefore, it’s best to start small. Moreover, by starting small, we also mean that you should not place a very large number of trades per day. Just like with anything else out there, it’s all about quality, not quantity. Also, having too many trades open at once makes things hard to track. It’s best to practice with some Forex strategies and master them before you start trading high volumes.

Being Consistent

The next important basic of Forex strategies, no matter which one you use, is that you need to be consistent with it. Now, this only applies if you are using a proven strategy that has shown results in the past, either for you or others.

However, the point here is that you need to keep things the same and constant. If it works, don’t fix it. You need to stick to your plan, especially if it is a good one. Don’t veer off course, don’t let your heart and your emotions tell you what to do, and don’t start changing things up if there is no need. Consistency is key.

It’s All About the Timing

Something else to keep in mind in terms of using various Forex strategies as a newbie is that timing is very important too. As a beginner, it’s best not to start trading right when the market opens up or right when you open up a chart.

As a newbie, you want to take your time, you need to evaluate the best course of action, and you need to strike while the iron is hot. That said, rushing into a trade too quickly is not a good idea. So, if you see a profitable opportunity, take it, but don’t execute lackluster trades just so you have made a trade.

Getting an Education

If you want to learn everything there is to know about Forex strategies, what they are, how to use them, and so much more, it’s best to get educated. FX trading is not something you can just do successfully without any training. It takes a lot of hard work and skill to get to a level where you are profiting on a consistent basis. Therefore, getting a solid Forex trading education is crucial.

Practicing with Demo Accounts

Finally, you do want to get some practice in. There are plenty of brokers and platforms out there that come with free demo accounts where you can trade using fake money. Before you start using new Forex strategies, test them out using such a demo account, just to make sure that you know what you are doing.

The Basics of Forex Strategies – Final Thoughts

There you have it folks, the 7 basics of Forex strategies for profitable trading. Now that you know what these fundamentals are, you can get to mastering some simple Forex trading strategies that will put money in your pocket!

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Manual Trading: Making €1,000+ DAILY

Manual Trading: Making €1,000+ DAILY

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Today we want to provide you with a lesson on manual trading. As you will see, Andrew made over €1,000 with just 2 trades, and it took only a single hour to achieve. We have the live trading video right here, and the proof is in the profits. Here at the Income Mentor Box Day Trading Academy, we are all about teaching aspiring traders to be the best in the business. Let’s go over some manual trading tips, courtesy of Andrew, and examine how he made roughly €1,100 in just 1 hour!

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Manual Trading: €1,000+ In 2 Trades

Just to clarify, here Andrew was able to make over €1,000 in just 2 trades. He did this purely through manual trading, which is usually the standard when trading Forex. Yes, Andrew was able to make over €1,000 in just 2 trades, and it only took a little over 1 hour to achieve these profits. The two trades which he placed were USD/JPY and GBP/USD.

Combined, they produced well over €1,000 in profits. Today’s manual trading lesson is all about how you can replicate Andrew’s profits, all courtesy of the Income Mentor Box Day Trading Academy. It’s all about making life easier for you and teaching you how to make big money through manual trading. In order to get full lesson on every Forex and day trading, join our Income Mentor Box Day Trading Academy.

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Manual Trading: Support And Resistance

One of the strategies which Andrew from our Income Mentor Box Day Trading Academy uses to place the right trades, and to close them at the right times, is support and resistance. Knowing how to use support and resistance lines is crucial for manual trading, and it will help you determine when to close trades, when to open them, and in which direction to trade as well. As you can see from the video, we place a lot of faith in support and resistance, and more times than not, it turns out to be very reliable and highly profitable.

Here we closed these trades on live video. This is because for manual trading, there are no other traders or trading academies out there which do live trades, showing real profits and real trading methods. The whole point of us doing this manual trading video and closing trades live on video is so that you know that our strategies are real, that they work, and that this is the real deal. It’s solid proof that Andy’s manual trading using support and resistance actually works. This is how you can make good money on a daily basis through manual trading.

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Manual Trading: Using The Best Currency Pairs

One of the things which we cannot stress enough, is that to make profitable trades, you need to pick the right currency pairs for Forex. Yes, there are many different pairings out there to choose from. However, not all of them have the same volatility, reliability, and overall profit potential. As you can see from the manual trading video, Andy has a few currency pairings which he favors over all others.

These are usually the best currency pairs to trade with, the ones with the most profit potential when manual trading is involved. Generally speaking, the very best currency pair to go with is the EUR/USD pairing, as it has a high level of liquidity and the highest order flow as well. Some other currency pairings which are fantastic to trade with include USD/JPY, USD/CHF, AUD/USD, EUR/CHF, USD/CAD, GBP/JPY, and GBP/USD. If you stick to these various currency pairs we have listed here, the potential for profit drastically increases when compared to other currency pairings.

Manual Trading – Economic Calendar & 3 Bull News

Another big manual trading tip, courtesy of our Income Mentor Box Day Trading Academy, is to always go to investingnews.com and check the economic calendar. For one, make sure that you select the time zone which you are in. What you are looking for in this economic calendar are news releases. If you are trading with any given currency, you want to ensure that there are no significant news releases coming out.

This goes double for 3 Bull News. If a currency, such as the EUR, is experiencing 3 Bull News, you want to avoid trading with it for the time being. Never trade with any particular asset when said asset is experiencing 3 Bull News. So, for manual trading, compare the favorite currency pairs listed above, and then check the economic calendar for 3 Bull News. Keep an eye on 1 and 5 minute charts, look at the support and resistance lines, and make sure to pay attention to news releases.

Please do keep in mind that here we are only providing a rudimentary explanation of how to make good money through this kind of trading. If you want the full lesson, watch the full manual trading video. For even better and more in depth lessons, you should join our Income Mentor Box Day Trading Academy.

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Manual Trading Tips – Final Thoughts

There you have it folks, a relatively simple explanation and tip session on how you can maximize profits and choose the right trades when trading. Always use the favorite currency pairs which Andrew discussed, and always check the news releases for news releases related to these currencies. Remember your support and resistance lines as well!

Like we said before, for a more in depth lesson on manual trading, please check out the embedded video and join our Income Mentor Box Day Trading Academy. Here we also provide many other lessons, including over 51 video tutorials for Forex and day trading, an EBook, a private chat room, and more.

Here at the Income Mentor Box Day Trading Academy, we even provide trading signals for manual trading. All you have to do is copy and paste our manual trading signals into your own trading platform, and you can make money just like Andrew does in his live videos. Folks, he made over €1,000 in 1 hour, with 2 trades. This could be you!

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Moving Averages & Bollinger Bands Strategy

Moving Averages & Bollinger Bands Strategy

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Today, Andrew is here to teach you one of his very favorite trading strategies which involves moving averages and Bollinger bands. As you probably know by now, we here at the Income Mentor Box Day Trading Academy are all about teaching you to become the best day traders around.

This is why we are here today, to teach you a super simple trading strategy that should result in great ITM rates and profit levels too. As you will see in the video which we have included here, Andrew takes you on a step by step tutorial on how to put this moving averages and Bollinger bands strategy to use. Included is everything you need to know in order to be successful with this moving averages and Bollinger bands. We also have live trades to show you, trades which used this exact same trading strategy, and you better believe that the overall profits were great!

Now, the beauty of his moving averages and Bollinger bands strategy is that it is very easy to use and really should not take you long to master. Let’s take a closer look at Andrew’s moving averages and Bollinger bands strategy right now!

 

Moving Averages & Bollinger Bands Strategy – When To Use It

One thing that you probably want to know about this moving averages and Bollinger bands strategy is what kind of trading it can be applied to. Well, this trading strategy can be used for Forex, indices, and stocks, which is convenient no doubt. What is also nice here is that this moving averages and Bollinger bands trading strategy can be used in combination with any broker platform out there. As you can see, this particular day trading strategy is indeed quite versatile, and this is always nice because it can be applied to many types of trading.

 

Moving Averages and Bollinger Bands – What Do I Need?

There are two things that you will need here in order to use this moving averages and Bollinger bands strategy. As the name of the strategy itself implies, the first thing that you will need to put this day trading strategy to use is the moving average. To be exact, here you will need two EMAs, or exponential moving average lines. These can be found on the charts of any broker. The other thing you will need to put this strategy to use are Bollinger Bands, which all brokers also have.

 

Using Moving Averages and Bollinger Bands For Day Trading

Ok, so now that you know what you need to put this day trading strategy into use, let’s go over a step by step instructional on how to put it into effect. It’s really not that hard, especially if you take a look at our Income Mentor Box Day Trading Academy moving averages and Bollinger bands video we posted here in this article.

  1. So, first things first, you need to select the currency pairing which you wish to trade with. For the purposes of this instructional, Andy chose to go with the USD/JPY pairing.
  1. Next, you need to open up the chart and add your exponential moving average line. Go to the indicators tab and fine the EMA.
  1. For the first EMA line, make it blue, and set the length to 365, because there are 365 days of the year. Now click OK. Now, set up the second line, and make it red so it stands out, and set it to 180, and click OK.
  1. Now you need to add the Bollinger bands to the chart. Go to the indicators tab and search for the Bollinger bands. It’s one of the most popular momentum indicators, so it should be available on all brokers.
  1. So, now the rule is this, if THE RED LINE IS ABOVE THE BLUE LINE, THE PRICE IS EXPERIENCING AN INCREASE. However, IF THE BLUE LINE IS ABOVE THE RED LINE, THE PRICE IS EXPERIENCING DOWNARD MOMENTUM.
  1. The next rule here is that you are looking for the candlesticks to cross the top or bottom of the Bollinger bands. If the price is touching the top of the Bollinger bands and the price is experiencing downward momentum, it indicates that you need to place a SELL trade. This also applies in the reverse order in terms of placing a BUY trade.

Moving Averages and Bollinger Bands

 

Andrew’s Moving Averages and Bollinger Bands Trades – SUCCESS!

Now that we here at the Income Mentor Box Day Trading Academy have taught you the basics behind this moving averages and Bollinger bands trading strategy, let’s take a look at the actual trades placed. Yes, whenever Andrew does a tutorial like this, he will use that same strategy to place trades. As you can see from the embedded video, the moving averages and Bollinger bands strategy turned out to be very profitable for Andrew.

Andrew and the Income Mentor Box Day Trading Academy placed a total of 9 trades using this moving averages and Bollinger bands strategy. Well, 7 of the 9 trades turned out to be winners. Therefore, the ITM or win rate for this trading session is approximately 78%. This is a very good win rate and it’s nothing to look down your nose at. In terms of profits, these 9 trades generated close to 2,000 Euros for Andy. Folks, making 2K in a few hours of trading is absolutely spectacular, and it proves that this moving averages and Bollinger bands strategy is indeed the real deal.

Moving Averages and Bollinger Bands profits

Moving Averages and Bollinger Bands Strategy – Conclusion

As you can see, if done right, this moving averages and Bollinger bands day trading strategy can be very successful, just like it was for Andy. If you want to become a professional day trader, we would recommend joining our Income Mentor Box Day Trading Academy. For the low price of $299, which is a onetime payment, and no hidden fees, you will get complete access to all course materials.

You will get access to over 51 trading tutorials, with more being released every day. You will also get a free day trading EBook, access to a private chat, and access to the Facebook group where free trading signals are posted every day. You can simply copy and paste these signals into your trading platform, and make a lot of money doing so, just like Andrew himself!

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