Someone sent me an email asking for my opinion on Andrew Coaches. After just a little bit of research, my thoughts could be perfectly summarized by the title I chose for this article. This fact led me to writing the present article, instead of just a short email reply. There are so many ridiculous, false, misleading claims on his website, and he charges such large amounts of money that I felt I have to give a warning not just to one person, but to the general public. All right, so who is this Andrew Mitchem? He operates the corny sounding site wealthwithforex. Let me go through some of the most ridiculous, false and misleading statements that prompted me to write this article. Browsing through his website I noticed that Mitchem repeatedly says how he only risks around 0. That supposedly makes him sound professional. I was made aware that Andrew Mitchem has a Christmas sale, another opportunity to see the real sleazeball masquerading as professional trader and fund manager. When the customer will say that his performance is negative, Mitchem can very well retort: FINALLY there is someone who tells it as it really is. AND THAT YOU CAN TAKE TO THE BANK!! The interest alone is worth more then all the money you surely loose with this idiot MITCHERM. His course is obscenely expensive when you consider what he results offering. All he offers is how to trade an engulfing bar pattern with fib pivots and stochastic divergence, round numbers; entering at fib levels and targeting fib levels. Using the daily candle as intraday bias. I coaches paid for his course a few years ago. He is a snake oil salesman through and through. You will drain your account, as I did. As your equity shrinks, your volume per trade gets smaller reverse compounding and smaller and smaller. It is statistically possible. So trading the absolute minimum your broker results let you, you will end up trading more coaches. The test involves exactly what Mitchem says not to do: I just tweaked the time frame. Now, granted my backtest only analyzed trades, but so far the results are ridiculously good. That being said, he uses fib levels and whatnot in his course?!!! No wonder people are losing money after taking his course. If his course teaches that hocus pocus, then I agree: Thanks for the heads up on forex. I like his no-nonsense approach. Are you talking about trading way he calculates his daily strengths and weaknesses? Pins and engulfs on the lower time frames trading with his daily recommendations will get you slaughtered when the daily time frame is not trending. But will do well when it is. So long as you are making more money on your wins you might still come out on top. Sure, I could buy an automated trading platform, they probably work well but what I really want is to know is WHY its working well, or perhaps more importantly, why its NOT working well if I start going backwards. So, my question is…. Why should I get in at this point? Why should I take the money now instead of holding on a bit longer? If not Andrew Mitchem, Can anyone suggest a proven program or trainer in Forex? In other words, assume those who charge are almost clueless about trading and just out to take advantage of people new to the game. As to the best way to learn to trade — apply yourself, read as much as you can, develop strategies that fit who you are, try them out on demo. Jarrat Davis appears to be a proven forex trainer. He claims coaches have verified performance http: I know from experience! I see you have a trading education link on your page. His daily strength and weaknesses are based simply on whether the currency made a strong move and close for the previous day…what a joke! Thanks guys for the heads up. I just DL his lot calculator today. No doubt will be deluged with offers now. Andrew Results is a fraud, plain and simple. If you are a newbieyou will be better of using the free stuff on the net until you are better able to make a decision on whether this is y our cup of tea. Use a demo account for as long as it takes before using real money. And be very careful of people like Andrew Mtiichum. Wish I forex what I know now before wasting my money. And if you think that you are going to get a refund…think again. Good luck with that. She did say that his communication was good. Mitchem also publishes his daily trade recommendation track records for his members and his returns have been slowly declining since His daily strength and weakness analysis is total BS it tells you what happened in the past just like all technical indicators which is useless. He runs fortnightly webinars and admits that he runs 2 accounts. They then choose to show the account that is winning and close any losing trades. He will even leave a few losers in so it seems more realistic. He also reads out email from students who are excited that they have made a huge return on a trade, but never an email showing a losing trade. Do you think hedge funds and banks ONLY watch indicators and candle patterns all day. Does he think they do business and economics degrees for fun? They use technical to purely time entries. They have teams of fundamental analysts to try and predict the future. To day trade, you need volatility and the sheer amount of retail results and bots that are scalping tiny amounts millions of times a day have taken volatility away unless something big happens. He constantly needs to generate results members coaches earn a forex. After all he did buy a shiny helicopter last year that he needs to maintain. Although this could be part of the marketing too, who knows. They want to hear you can trade Forex trading on technicals but if you do you will lose in the end. You need a combined approach. She has now found a mentor who is retired investment banker and hedge fund manager and is doing well from it. This post is not bait to get you to message me to find out who my friends mentor is. Trading is a world of businesses and individuals with massive conflict of interest. You can be successful just please…please…please take take the right approach and be patient. It cost her a few K but she walked learned a valuable lesson which she said was probably worth the money. Finally… Forex Peace Army is a marketing site, always has been pure and simple. In my research, he does this with vigour all over the net. I took his course before I researched enough about him and concur exactly with the above. I fell head first…what a dickhead. Andrew is a smart man and makes money off fools like me. Fortunately I earn a reasonable salary and was just looking for a way to earn from a different source. I helped buy his R44 helicopter I guess. He said I have an hour of one on one tuition as coaches of my sign up. That was over a year ago trading apart from his automated emails asking me for more money I have had zero personal contact from the get go. Save for some MT4 issues. I was able to warn quite a few of my friends off as like the above poster they were waiting in the wings…. I would have fallen for it too had it not been for my friend who results a bullet for me. I hope he gave you a good discount. He was very big in the Advertising industry in Australia and is now a business mentor and coaches business in improving sales, I think Coaches might have had some coaching of his own on how to fleece people. The trading world has shown me how many con men there are out there. I have not yet taken his course but we have coaches admit the reviews in fpa are real. For some people his course may have worked very well and for others not so well but that should go without saying. I have taken the baby pips course and am planning on taking it again. I am looking for some help putting it all together as it is a lot of info! I was planning on taking Andrews course so I can put together what I learned from baby pips. Like I said I took his course so I am qualified to comment. He will sell you a series of videos and invite you to live webinars. However as has been advised there are free sites that will give you the same info. Like I said before. His initial webinar is pre recorded and you will not get ANY further support from him. He is not a con artist but I feel his main source of income is from convincing people to part with s large amount forex cash. But expect no support. Phil that is an ignorant comment and just ridiculous. You deserved to be scammed. His method is splashed all over other sites such as t2w for example. You want to pay for the same info?? The market is news and data related with some technicals trading identify areas of liquidity. The concept is that simple. Go ahead and believe the fat bastard scammer Mitchem…Unbelievable. Ryan, how do you know anything is true on the internet. You could be a girl for all I know. Also I agree with the above poster I should have done more research. Apart from my comment that you might be Andrew, none of the other info is ridiculous. I am not sure why you support Andrew so much when I can guarantee you that he will gladly take your money and you will be left to your own devices. I have no problem paying money for education. But I would have hoped the educator would have looked into how his students were going. Take pride trading his ability to educate. I have read his story on FPA, it all sums up similarly to my personal experience. It was a tough journey. However, results of the strategies and study of the chart from the higher time frame to the lowest is all true. Look here friends, everything on the chart is important, i wont say all indicators… but the chart and all studies pertaining to winning on the chart is important. Drawing trendlines both vertical and horizontal and looking out for breakouts before entering trades is all important. Looking out for Resistance and Support zones, Studying to detect Supply zones before selling or buying, you need all that knowledge. All the price action patterns, detecting price reversals by the use of the candlestick formation. Study and learn all of them, spend more time on the market. Study and know which are main trends and which are counter trends, then you will know which level price is bound to pull back to before trading of the main trend. You can never do away with Fibonacci when you get to this level. And one more important thing, You need all the Time frames to be successful in forex, From the Monthly to the lowest. And AVOID over trading. OR you will always blow your account. Accept compound interest, check your lot size and enter a trade or two at a time. Also make good use of forex Trading Sessions, Always Be on Time!! But they never teach you how connect all the studies together. Learn everything, even those butterfly and Gartley harmonic patterns, you need to study them and even apply Fibonacci to them. Study everything, and most importantly SPEND MORE TIME ON THE MARKET everyday if you can. That is the only way to succeed after you have been taught. Then you will realize how simple an ART forex will become to you. Even after you are great, you will understand that you can never go against the trend of any trading. Take it easy, and NEVER STOP!! The problem is that people are not great teachers. Teaching is not easy, i have never taught anyone to trade forex, but i thank the universe that i am successful now. Everybody needs coaches little help, i was passing by FPA to find out most rated and most reliable and trusted broker and i read that guys story, then i read more of comments of people struggling. I hope these words, every single line will help someone break through. I might not even come back here again. You can get a little trading of hope if you want, email me at bengoodmann71 gmail. People are just impatient!! That wd be the bets way to share your success initially. That does not make me an expert on him or his trading or his teaching. Mob mentality and jealousy is such an ugly thing. Negative criticism is so easy to publish. I suspect, although I obviously have no proof whatever! But that is just a personal opinion. One can only wonder! So you admit you know nothing about Andrew Mitchem, the subject of this article, yet you accuse me of jealousy, setting up a kangaroo court and other BS. Did you contact him to ask for evidence of his performance or even speak with Forex Peace Army about the many reviews he has? It seems to me, you made assumptions that coincided with your particularly jaded view of the world. He was just a target who had no opportunity to speak for himself before being flamed in this backwater website. This, to me, indicates that this website is not a useful resource for traders, as I had hoped, but a place for you and other, similar types, to vent your spleen. By all means do so if it makes you feel better, but if you are trying to provide a useful, objective forum, you fall very short forex that. Yeah, I emailed him under pseudonym before writing this article and he sent a couple of photos with his latest winning, of course trades. LOL I also contacted him officially on Twitter, so he had a chance to answer to this article. I appreciate your comments here Lizzie. There are so many who are quick to condemn based on little or no evidence and their own experience. Excellent presentation and marketing skills that pull you in, not exposing the true cost of getting in to it. The majority of the signals to buy or sell are incorrect. Most of the times when I have made money are when I have gone against what the trainer said to do. I explained this all to Andrew Mitchem and he was horrified! I trust him much more than the training provider I forked out thousands of dollars to. Whatever happens in trading, we have to remove emotion from the process, and spend the time needed to learn how to read the charts. Wishing every trader success. Courses and not course because he kept emailing new courses for us to sign up until I signed up with Andrew Mitchem. Only after that I started making progress by merging both their teachings. Hence I find it unfair that he is being labelled as a scumbag because his course doesnt work for some of you. Shall I label him as a scumbag forex artist too? That alone proves what would happen to a successful trader; they just get busy doing, not sharing Results am sure. There may be some that are for real and are sharing sure, I have not found them though in my 5 years of looking into CFD trading as a option results capital growth. If I could do. I would be busy doing and not reading this commentary. I know someone that trades for living, and he shares nothing, he actually says dont trade, its too risky… as he smiles and lives on a Pretoria Golf Estate. Come to think of it I would probably become like that… Now where did i bookmark holy grail formula again…. That someone who lives on a Pretoria Golf Estate is correct to advise u not to trade. I only started gradually recovering my losses a year ago. In regard to your comment on bragging rights, did that Pretoria Golf Estate bloke bragged to u his trading results? Folks who made money forex forex usually do not brag on their results unless they are Fund Managers or owned some kind of companies dwelling in forex trading to attract clients. Said he traded bwilc. Its a system that definitely rules me out the picture. Though I trading trying my hand at my own currently silly rudimentary plots and plans. I dont believe all these guys that are invisible and are successful learnt from someone else… they got it right and, put new locks on their office doors, and waited for Jack to call them for an interview for his next market wizards book. I have countless emails from the guy lol argument after argument. I took his so called no1 strategy pointed out with the info released you have no rr estimates forex it a death trap for traders. I have however tweaked it and added some of my knowledge and it does work. Hi John please email me as I work a lot. I am more than happy to send you what I have got so far. Your email address will not be published. Currently you have JavaScript disabled. In order to post comments, please make sure JavaScript and Cookies are enabled, and reload the page. Click here for instructions on how to enable JavaScript in your browser. Notify me of follow-up comments by email. Notify me of new posts by email. Andrew Mitchem Forex Trading Coach — You Must Be Joking, Right? By JLTrader January 25, Leave a Reply Cancel reply Your email address will not be published. The material provided by JLTrader.
This was the first time the Roman legions had met with that unbreakable formation - that oldest of all Aryan battle-lines - the ancestor of the Spartan regiment - the Theban phalanx - the Macedonian formation - the English square. note.
If someone railed against unicorns for having three horns, I would also respond that this is an attack upon something that is not a unicorn.
Either upload the files from your computer or choose your Google Photos.
This was the first time the Roman legions had met with that unbreakable formation - that oldest of all Aryan battle-lines - the ancestor of the Spartan regiment - the Theban phalanx - the Macedonian formation - the English square. note.