Drinking and Trading Coffee

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#558: Drinking and Trading Coffee

In this video:
00:26 – The price of our morning coffee.
01:08 – We can now trade these commodity markets.
02:06 – Taking a buy trade on Orange Juice.   
02:32 – Lead, Copper & Aluminium traded this week.
03:09 – Cryptos are traded 7 days a week.
03:40 – Book a Call and talk with us.
03:51 – Watch my Masterclass.
04:09 – Blueberry Markets as a Forex Broker.
04:23 – Comments, Like & Subscribe.

How do you know when the price of your morning coffee is going to increase? Well, as a trader, we can help you to predict that. But more importantly, also how to trade coffee. Let’s get into that a more right now.

Hey there, Traders! Andrew Mitchem here at the Forex Trading Coach video and podcast number 558.

The price of our morning coffee.

I want to talk about coffee. How do you know when the price is going up? Because it affects us all every morning when we have a coffee. Well, the obvious answer to me as a trader is to look at your charts.

When the beauty is over the last number of years that not only have we been able to trade more and more forex pairs, but we’ve been able to trade other markets such as like commodities and coffee. So the coffees that I have available on my MT5 platform, there are two of them. There are COFARA, which is the Arabica Coffee, and the COFROB which is the robusta coffee.

And we can also trade sugar and raw sugar as well. So all these things combined to see if they’re moving up. The likely hood is the price of your coffee is going to go up isn’t it.

We can now trade these commodity markets.

But more importantly for me as a trader is I can now trade these markets. And the beauty of the way that I trade and the way that we teach, is that the strategy works equally as well across these other non forex markets, just as well as it does trading the EUR/USD or the GBP/USD or the AUD/JPY, we can trade the coffee markets, the sugar markets exactly the same. So that gives us more and more ability to look for the patterns that we’re looking for on various charts.

Now I would say one thing that with a lot of those markets, like the coffee trades, is that they don’t all, have a 24 hour market. So they do need to be careful of that. And some of them, due to the nature of, their market hours.

And when they open, they can have some gaps. So you do need to be careful of that. They’re not quite as, perfectly formed as candle patterns. Then when you get on the forex markets.

Taking a buy trade on Orange Juice.   

But just today, being Friday, the, 30th of, August when I’m recording this video on podcast for you, I’ve taken a trade on orange juice.

Now, when the market opens, I’ll be taking a by trade on OJ. So you can go and have a look at that on your daily charts. Now, if there’s a large gap up or down, then the trade becomes invalid. But right now is a candle pattern for me. Orange juice looks fantastic.

Lead, Copper & Aluminium traded this week.

Just this week I’ve taken trades on different time frame charts, on lead, on copper, on aluminum or aluminum if you’re in the US. On different markets like that. And so we have the ability to trade those commodities, those metals. we’ve got a client of ours to incredibly well trading the NASDAQ on the one and five minute charts. I don’t think it’s for everybody, but it just works for him. And he’s doing incredibly well and posting trades on our forum site on that.

we can trade other markets such as the indices and the commodities. Now the great and the cryptos, I should say.

Cryptos are traded 7 days a week.

And the great thing is with the cryptos is they are seven days a week. So you don’t get those big gaps that you can sometimes get in the commodities. So beauty of this and what I’m saying is we have the ability to trade more and more markets and just gives us more and more really good opportunities, and to be able to really fine tune our skills on saying, yeah, we’re going to be really selective on trades.

We’re going to be really critical, very selective, because we’ve got so many markets to choose from. And that’s just aiding us to, to profit from good trade setups.

Book a Call and talk with us.

If you’d like to know how we do this and you’d like to book a free consultation call with, myself, one of my team, I’m going to put a link to that so you can, choose a time to have a chat with us.

Watch my Masterclass.

If you’ve not been on my masterclass yet, I encourage you to do so. It’s only 17 minutes long. It’s on demand, so you can choose when you want to, start to watch that session. It just gives you an overview of what we do and how we trade, and some of the trades we’ve taken, and just some tips there to help you as a trader, whether you’re trading coffee or the euro US dollar.

Blueberry Markets as a Forex Broker.

If you’re out there looking for a good broker and, I can highly recommend Blueberry Markets over in Australia, I use their MT5 platform to, to have access to a lot of those markets that I’ve mentioned as well. And, I’ll put a link to blueberry as well.

Any questions you have, please send me an email or reply here. Send me an email to Andrew@TheForexTradingCoach.com. I personally reply to all of my emails.

Comments, Like & Subscribe.

Don’t forget to like and share and subscribe if you’re watching and I’ll see you this time next week. And next week, of course, will be into, September. And on Monday we will be posting for our clients trades on the daily charts, the weekly charts and the monthly charts.

So looking forward to that as well. Bye for now.

Episode Title: #558: Drinking and Trading Coffee

Find out more about Blueberry Markets – Click Here

Find out more about my Online Video Forex Course

Book a Call with Andrew or one of his team now

Click Here to Watch Prop Firm Masterclass

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