Is anyone familiar Andrew Mitchem - the forex trading coach? online forex course

[Pat494]

If he is such a big winner why would he want to waste his time with newbies ?

From flicking through some of the previous pages he is probably just another false prophet - sadly. Make your own system and decisions and not be a willing lamb.

 

[icmarketsfx]

If he is such a big winner why would he want to waste his time with newbies ?

From flicking through some of the previous pages he is probably just another false prophet - sadly. Make your own system and decisions and not be a willing lamb.

He is not wasting time. He charge $2000 for his trading course and charge more $$$ for one to one personal trainings. Suppose if he gets approx 5 new clients per month = 10000$ / month.
If He has 50% trading efficiency but he follows money management rules and never take more than 1% risk of his account.

It is better to always have a second source of income

 

[NVP]

He is the real deal.. his car number plate is all the proof anyone needs

Jees......anyone can do that with their car.....£250 from DVLC

it doesnt mean they are rich - or know how to trade and will therefore make you rich .........

N

 

[NVP]

Oh dear. As soon as a vendor starts showing off their car(s) you know with 100% accuracy you're being setup to buy worthless regurgitated crap.

YOU'VE ALL BEEN WARNED.

oops ............

 

[be-positive]

Jees......anyone can do that with their car.....£250 from DVLC

it doesnt mean they are rich - or know how to trade and will therefore make you rich ...........look at me

N

is your fly open or is it another pocket for the expected windfall your hoping for by following the crap from the after the event thread

 

[NVP]

nope .............my point is (and I didnt restart this thread) anyone can lease a car and bung private plates on .........

and also wear shiny objects and rent flash properties for the day and buy you drinks and take you to a nice resterant ...........

I have some old property development mates in the canaries that could guarantee their commission check by doing this to the right people for the day against the right property at the right time .....candy from a baby (not these days ....but they now could do other things just as easily using the same principles)

NEWBIES - never ever ever buy any courses until you have spent at least 6 months researching all the big forums and at least understand the rudiments of trading ........and the pitfalls

there are many many people out there that will fleece you :smart:

N

 

[Forexmospherian]

nope .............my point is (and I didnt restart this thread) anyone can lease a car and bung private plates on .........

and also wear shiny objects and rent flash properties for the day and buy you drinks and take you to a nice resterant ...........

I have some old property development mates in the canaries that could guarantee their commission check by doing this to the right people for the day against the right property at the right time .....candy from a baby (not these days ....but they now could do other things just as easily using the same principles)

NEWBIES - never ever ever buy any courses until you have spent at least 6 months researching all the big forums and at least understand the rudiments of trading ........and the pitfalls

there are many many people out there that will fleece you :smart:

N

Hi N

Talking of property guys in the canaries - can you remember Mr Jon Palmer back in the 80''s - he made over 50 million on time share - but got himself in a lot of trouble afterwards . Yes - i had a property there for about 5 yrs - when my wife was an air hostess and it was £10 flights

Saved a lot on holidays - but not on the property lol

Regards

F

PS - I have 2 private plates on my cars - glad I am not selling anything

 

[Porkpie]

If he is such a big winner why would he want to waste his time with newbies ?

From flicking through some of the previous pages he is probably just another false prophet - sadly. Make your own system and decisions and not be a willing lamb.

You obviously haven't watched Andrew Mitchem - THE MOVIE! :

"FROM DAIRY FARMER TO FOREX TRADERRRRRRR"..... Starring ANDREW MITCHEM POROFESSIONAL FOREX TRADERRRRRRRRRRRRR.....:clap: yawn:

Some new ebook video thing on his site. There's actually some good advice on there for new traders. Better than the Peter Bain pile of steaming dung that I started out with all those years ago.

Marketeers could learn a thing or two from Andrew. Perhaps he should set up a consultancy for wannabe forex trading course vendors.

 

[Porkpie]

Reason? You know the reason. Maybe he's not a fraud. Maybe it's par for the course in the fx mentorship industry. I'm just a naïve dolt. I fell for it. What's worse is I kept taking his dopey daily trade recs, you know churn while you learn, just losing and losing amidst claims of fantastic trading profits. Trust me. Following his lead is like being waterboarded. Check out his dopey forum on Peace Army. Stinks of fakery. "Thanks for the help, Andrew!" "We had some fantastic trades yesterday." If I told you I took all his 20 trades today and have 1 winner and 10 losers with others waiting their sure demise. If they go well he'll chalk 'em up. If they bomb he'll claim to have closed out before the weekend. Then he'll cherrypick the one winner to boast about. Hey, Alligator, how come 11 posts, all this thread. Specialist?

So Mr W Wilder, did you stick with the course or change direction or modify the method? Pressumably he teaches about how to handle periods of draw down, but understandably you feel that he has misled you by bending the truth about his results. Not a good thing when starting out as you have placed your trust with him.

 

[NVP]

Hi N

Talking of property guys in the canaries - can you remember Mr Jon Palmer back in the 80''s - he made over 50 million on time share - but got himself in a lot of trouble afterwards . Yes - i had a property there for about 5 yrs - when my wife was an air hostess and it was £10 flights

Saved a lot on holidays - but not on the property lol

Regards

F

PS - I have 2 private plates on my cars - glad I am not selling anything

timeshare ???......aaahhh the good old days .......who did the missus fly with ? ...........I've worked for BA and Virgin Atlantic ..........not as a hostess though...havnt got the legs

hmm - took my car / plate picture off the thread..........wasnt probably the best idea on reflection - always gets taken the wrong way here at T2W

as does most things either of us say these days it seems

N

 

[Porkpie]

timeshare ???......aaahhh the good old days .......who did the missus fly with ? ...........I've worked for BA and Virgin Atlantic ..........not as a hostess though...havnt got the legs

hmm - took my car / plate picture off the thread..........wasnt probably the best idea on reflection - always gets taken the wrong way here at T2W

as does most things either of us say these days it seems

N

Richard Branson seemed to think he has. Its the beard that puts me off. Reminds me of my Aunt.

 

[icmarketsfx]

He has been present there for years.
Ive cabt make up my mind about that site, tho i have not been there for a while now.

What you all guys are doing here is making fun of someone and posting useless comments and the rest of discussion by senior members is completely off topic.

I have seen Andrew's Daily Forecast at FPA and took many trades in that direction and mostly they were successful.

You can take it as a challenge by him and prove him wrong.
I am not his client and I am not in favor of him, I am also not looking to join him in any case Instead of wasting time we should carry some positive and meaningful information which will be useful for many readers.

Let me start from his market forecast for 29-04-2014

Andrew Mithchem predict total 11 Pairs direction for next 24 hours in advance just after NY closed. Reference Thread

Buy Trades

EUR/JPY (Right Prediction)
EUR/AUD (Right Prediction)
EUR/NZD (Right Prediction)
CAD/JPY (Right Prediction)
GBP/JPY (Right Prediction)
GBP/NZD (Right Prediction)
CHF/JPY (Right Prediction)


Sell Trades

AUD/CAD (Right Prediction)
NZD/USD (Right Prediction)
NZD/CAD (Right Prediction)
NZD/CHF (Wrong Prediction)

Result:
10 out of 11 pairs predictions were quite right.

 

[Porkpie]

What you all guys are doing here is making fun of someone and posting useless comments and the rest of discussion by senior members is completely off topic.

I have seen Andrew's Daily Forecast at FPA and took many trades in that direction and mostly they were successful.

You can take it as a challenge by him and prove him wrong.
I am not his client and I am not in favor of him, I am also not looking to join him in any case Instead of wasting time we should carry some positive and meaningful information which will be useful for many readers.

Let me start from his market forecast for 29-04-2014

Andrew Mithchem predict total 11 Pairs direction for next 24 hours in advance just after NY closed. Reference Thread

Buy Trades

EUR/JPY (Right Prediction)
EUR/AUD (Right Prediction)
EUR/NZD (Right Prediction)
CAD/JPY (Right Prediction)
GBP/JPY (Right Prediction)
GBP/NZD (Right Prediction)
CHF/JPY (Right Prediction)


Sell Trades

AUD/CAD (Right Prediction)
NZD/USD (Right Prediction)
NZD/CAD (Right Prediction)
NZD/CHF (Wrong Prediction)

Result:
10 out of 11 pairs predictions were quite right.

:clap: fabulous

 

[icmarketsfx]

Andrew Mithchem's market forecast for 30-04-2014

Andrew Mithchem predict total 10 currency pairs direction for next 24 hours in advance just after NY closed. Reference Thread

Buy Trades
GBP/CHF (Wrong Prediction)
AUD/CHF (Wrong Prediction)
USD/CHF (Wrong Prediction)
CAD/JPY (Wrong Prediction)
CAD/CHF (Wrong Prediction)

Sell Trades
EUR/USD (Wrong Prediction)
EUR/GBP (Wrong Prediction)
EUR/AUD (Right Prediction)
EUR/CAD (Wrong Prediction)
USD/CAD (Wrong Prediction)

Result:
09 out of 10 currency pairs predictions were wrong.

 

[icmarketsfx]

So from your last 2 posts, I can ascertain that this guy gets half his predictions right and the other half wrong. Amazing!

I have a "system" called the "FX coin flip". It works as follows: flip a coin, heads buy a currency pair, tails sell it. On back-testing it has the same win ratio as your friend. If you wish to buy my system it is on sale for $999.99 (one time special offer). lol.

Most senior members at this forum sounds like comedians.

 

[Sigma-D]

From personal experience it appears that getting the direction right is only half the battle, if that. I've successfully managed to get direction quite right, but find the two most useless points to enter and exit. Plus the whole prognostication game seems a little pointless for intraday trading, even if you knew for sure whether it was going t be an up day or a down day, recognising what the price is doing at any given time seems a far more valuable skill.

 

[icmarketsfx]

From personal experience it appears that getting the direction right is only half the battle, if that. I've successfully managed to get direction quite right, but find the two most useless points to enter and exit. Plus the whole prognostication game seems a little pointless for intraday trading, even if you knew for sure whether it was going t be an up day or a down day, recognising what the price is doing at any given time seems a far more valuable skill.

Agreed!

Andrew's Mitchem daily forecast is all about trend direction which is based on his analysis about currencies strengths and weaknesses. If you read his post, He first identify individual currency for Strength/Weakness and then he apply those concept to currency pairs to identify trend direction for upcoming day.

He is just trying to predict the direction of trend each day and suppose to take trades only in that directions.

 

[NVP]

Agreed!

Andrew's Mitchem daily forecast is all about trend direction which is based on his analysis about currencies strengths and weaknesses. If you read his post, He first identify individual currency for Strength/Weakness and then he apply those concept to currency pairs to identify trend direction for upcoming day.

He is just trying to predict the direction of trend each day and suppose to take trades only in that directions.

the core of my own systems is to identify individual currency strengths and weaknesses but to give generic directional calls at such high TF levels is frankly of little use for real trading and making money

N

 

[rsh01]

Andrew's Mitchem daily forecast is all about trend direction which is based on his analysis about currencies strengths and weaknesses.

Which anyone can do by looking at a chart,or perhaps if you have super TA skillz you may find adding an MA to a chart helps.

Its the PA and MM which is key, and unlikely you will learn that by paying this or any other dude.

 

[Forexmospherian]

timeshare ???......aaahhh the good old days .......who did the missus fly with ? ...........I've worked for BA and Virgin Atlantic ..........not as a hostess though...havnt got the legs

hmm - took my car / plate picture off the thread..........wasnt probably the best idea on reflection - always gets taken the wrong way here at T2W

as does most things either of us say these days it seems

N

Hi N

Yes the good old days of the 80's and 90's

She was at Britannia Airways for over 12 years at Gatwick Luton and Birmingham

Yes flown in cockpit on a jump seat many times when they were full - pre locked doors and was also working with RB when he was in the early days with Virgin - but not on that side

I have a job predicting with the probability I want over 30 mins ahead - so trying to predict whole day movements is fortune telling and big stops low RR stuff - but will anyone believe me - or even you nowadays lol

I think I must have lowered your credibility ratings since I came on the scene - but still at least you understand what I get up to


Regards


F