June 20, 2025 • 6 mins
Why I Trade Coffee, Cocoa, and Crypto Too Podcast: 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 #593: Why I Trade Coffee, Cocoa, and Crypto Too In this video: 00:27 – We don’t only trade the Forex market. 01:06 – More metals now available. 01:25 – We trade Indices, Commodities and Cryptos. 01:56 – More trading opportunities for high quality patterns. 03:14 – Trades I have open right now on non-FX markets. 03:50 – All trades have equal and low risk. 05:23 – Get onto my 17 minutes masterclass. 05:44 – Have a chat with us. 06:15 – Blueberry Markets as a Forex Broker. Today, I want to explain to you why we don't only trade the forex market. We look at other markets as well. So let's talk about that more right now. Hey there, Forex Traders! It's Andrew Mitchem here at The Forex Trading Coach with video and podcast number 593. We don’t only trade the Forex market. Now being called The Forex Trading Coach you would assume that we trade only the forex market. Well we used to. And that's because years ago all that was available to us were forex pairs. And like the GBP/USD and USD/JPY, USD/CHF, etc. the main pairs. And then over time more and more pairs. What were called exotics or minor pairs got added. Things like NZD/CAD and then other pairs got added as times gone on, like ZAR/JPY, things like that, some more and more have been added. And then years ago they introduced a couple of metals and we could trade gold and silver against the US. More metals now available. And then more recently we've got access to more metal markets. So example Gold and Silver against the Pound and against the Uen and against the Chinese Yuan and different crosses like that, but also more metals such as, Palladium and Platinum and Copper. We trade Indices, Commodities and Cryptos. We can trade indices like the Nasdaq and different American markets and different Canadian and Swiss franc markets, Yen markets. We can trade, things like commodities. We can trade coffees and Cocoas. We can trade cryptos, Bitcoins and Ethereums, etc.. So the beauty of trading today on a platform such as MetaTrader 5 is that you have access to so many more markets. More trading opportunities for high quality patterns. And you could think of that and go, well that's just going to create more work. Andrew. No, not at all. What it does is it gives you the opportunity once you know what you're looking for, and once you have a strategy that you can scan through the markets really quick, it's giving you more and more opportunity to look for the pattern on a higher quality chart. So for example, years ago you might have said, well, this trade on the GBP/USD, it's okay. It doesn't quite fit my criteria but it's okay. And you might have taken that trade. Rightly or wrongly. Whereas now you've got the opportunity to scan through more and more markets. And so the way that we trade I don't particularly care what I trade. It's the pattern that I'm looking for. It's where has that candle formation appeared within the chart. Has it got room to move to? The profit target has the stop loss got protection? All these type of things that we look for. And so if I'm trading the pattern, I'm giving myself a very high probability chance of success, because I'm looking for only the highest quality patterns, regardless of the market or direction. So simply because I live in New Zealand, it doesn't mean I have to trade New Zealand dollar pairs more, or I have to trade the EUR/USD because it's the biggest traded forex pair. Not at all. Trades I have open right now on non-FX markets. As an example, I've got a a monthly chart trade on Cafaro, which is one of the coffee markets on the commodities. I've got two weekly chart trades open right now on Dogecoin and Solana.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Today I want to explain to you why we don't
only trade the forest market. We look at other markets
as well.
Speaker 2 (00:06):
So let's talk about that more right now.
Speaker 3 (00:19):
Hey, the Forest Traders is Andrew Mitcham here at the
Forest Trading Coach with video and podcast number five hundred
and ninety three now being called the Forest Trading Coach.
You would assume that we trade only the forest market.
Speaker 1 (00:32):
Well, we used to.
Speaker 3 (00:33):
And that's because years ago all that was available to
us were forest pears and like the pan Us and
US n US, Frank, et cetera, the main pairs. And
then over time more and more peirs, what we're called
exotics or minor pairs got added, things like New Zealand, Canadian,
and then other pairs got added as time's gone on,
(00:55):
like South African Ran, Japanese Yen, things like that, so
more and more have been added. And then years ago
they introduced a couple of metals and we could trade
gold and silver against the US, and then more recently
we've got access to more metal markets, so example, gold
and silver against the pound and against the yen and
against the Chinese you are, and different crosses like that,
(01:17):
but also more metals such as pladium and platinum and copper.
We can trade indices like the Nasdaq and different American
markets and different Canadian and Swiss frank markets, Yen markets.
We can trade things like commodities. We can trade coffees
(01:38):
and cocoas. We can trade cryptos, bitcoins and ethereums, etc.
So the beauty of trading today on a platform such
as medi Trader five is that you have access to
so many more markets. And you could think of that
and go, well, that's just going to create more work Andrew, No,
(02:00):
not at all. What it does is it gives you
the opportunity, once you know what you're looking for, and
once you have a strategy that you can scan through
the markets really quick. It's giving you more and more
opportunity to look for the pattern on a higher quality chart.
So for example, years ago, you might have said, well,
this trade on the pound US dollar, it's okay. It
(02:20):
doesn't quite fit my criteria, but it's okay, and you
might have taken that trade rightly or wrongly. Whereas now
you've got the opportunity to scan through more and more markets.
And for the way that we trade, I don't particularly
care what I trade, it's the pattern that I'm looking for.
It's where has that candle formation appeared within the chart?
(02:42):
Has it got room to move to the profit target,
has the stop lost gout protection? All these type of
things that we look for. And so if I'm trading
the pattern, I'm giving myself a very high probability chance
of success because I'm looking for only the highest quality patterns,
regardless of the market or direction. So simply because I
(03:04):
live in New Zealand, it doesn't mean I have to
trade New Zealand dollar pairs more, or I have to
trade the euro US because it's the biggest traded.
Speaker 1 (03:12):
Forks pair, not at all.
Speaker 3 (03:14):
As an example, I've got a monthly chart trade on Kafara,
which is one of the coffee markets. On the commodities,
I've got two weekly chart trades open right now on
dogecoin and Solana. I've got a daily chart trade that
I'm taking later today on UK coco. I've just placed
(03:34):
behind me here two twelve hour chart trades on UK
oil and US oil. And so by identifying those higher
quality setups, I can give myself just a great chance
of having a successful trade. Now, every trade that I take,
regardless of the market, whether it's a FORXS pair. What
(03:56):
the pair is, the direction, the timeframe of the chart,
stop loss, or the trade. None of that matters in
terms of each of one of my trades has low
and equal risk. So the trade on today's UK coco
would have the same risk as the trade on the
(04:16):
monthly coffee, or if I'm taking a four hour chart
trade related today on the euro US dollar, it has
the same equal risk, and likewise they have the same
reward to risk. And so therefore the antual market that
I trade, the direction the timeframe chart that I'm looking at,
is less and less relevant. It's more for me about
(04:38):
having the quality of pattern. So therefore, by giving us
more markets to trade and on empty five more built
in time frame charts such as twelve hour and eight
hour and six hour, et cetera, it's just giving us
just higher, higher quality trade setups without that feel that
you must go, well, it's not quite really where I
(04:59):
want it, but I've got nothing else to trade today,
therefore I'm going to take it.
Speaker 1 (05:03):
We don't have to do that.
Speaker 3 (05:04):
We can be very picky, very selective with our criteria
and only hand select the best, best quality. It's like
having like a good wine maker. You know, we're getting
optimum conditions on everything that we do to give us
the best chance or quality outcome and quality product.
Speaker 1 (05:23):
So if you'd like.
Speaker 3 (05:24):
To find out how we do that and how we
can help you to identify these same setups on the
markets that we're looking at with our help, so you
can follow along seeing what we're doing, why you're learning,
so you can earn why you learn. Have a look
first of all on my short free on demand masterclass.
If you'd like to bypass that and seriously consider joining us,
(05:48):
you can skip through that if you want to attend it.
Speaker 1 (05:50):
But if you'd like to book a call with either.
Speaker 3 (05:53):
Myself or one on my team to see if we're
a good fit, what you can do is click on
the link that I put on here to book time
to have a chat with us and we go through
some questions to see if you're right for us, we're
right for you.
Speaker 1 (06:06):
You can do that and no obligation.
Speaker 3 (06:09):
Call there to do that and help see if we
can help you with your trading. And lastly, if you're
out there looking for a good broker who offers all
these markets on all these time frame charts, I personally
trade with Blueberry Markets. I do have account with other
brokers as well, but predominantly with Blueberry Markets. Their empty
five platform offers so many markets, so many different time
(06:33):
frame charts and the best customer service you will find
And if you'd like to have a chat with them,
have a.
Speaker 1 (06:40):
Look at the link on here as well.
Speaker 3 (06:42):
So once again this is Andrew mitchrim here at the
Forrest Trading Coach, trading lots of different markets, looking for
high quality trades.
Speaker 1 (06:49):
And having fun whilst doing it.
Speaker 3 (06:51):
I hope it helps I see this time next week.
Speaker 1 (06:53):
By fanat
Today I want to explain to you why we don't
only trade the forest market. We look at other markets
as well.
Speaker 2 (00:06):
So let's talk about that more right now.
Speaker 3 (00:19):
Hey, the Forest Traders is Andrew Mitcham here at the
Forest Trading Coach with video and podcast number five hundred
and ninety three now being called the Forest Trading Coach.
You would assume that we trade only the forest market.
Speaker 1 (00:32):
Well, we used to.
Speaker 3 (00:33):
And that's because years ago all that was available to
us were forest pears and like the pan Us and
US n US, Frank, et cetera, the main pairs. And
then over time more and more peirs, what we're called
exotics or minor pairs got added, things like New Zealand, Canadian,
and then other pairs got added as time's gone on,
(00:55):
like South African Ran, Japanese Yen, things like that, so
more and more have been added. And then years ago
they introduced a couple of metals and we could trade
gold and silver against the US, and then more recently
we've got access to more metal markets, so example, gold
and silver against the pound and against the yen and
against the Chinese you are, and different crosses like that,
(01:17):
but also more metals such as pladium and platinum and copper.
We can trade indices like the Nasdaq and different American
markets and different Canadian and Swiss frank markets, Yen markets.
We can trade things like commodities. We can trade coffees
(01:38):
and cocoas. We can trade cryptos, bitcoins and ethereums, etc.
So the beauty of trading today on a platform such
as medi Trader five is that you have access to
so many more markets. And you could think of that
and go, well, that's just going to create more work Andrew, No,
(02:00):
not at all. What it does is it gives you
the opportunity, once you know what you're looking for, and
once you have a strategy that you can scan through
the markets really quick. It's giving you more and more
opportunity to look for the pattern on a higher quality chart.
So for example, years ago, you might have said, well,
this trade on the pound US dollar, it's okay. It
(02:20):
doesn't quite fit my criteria, but it's okay, and you
might have taken that trade rightly or wrongly. Whereas now
you've got the opportunity to scan through more and more markets.
And for the way that we trade, I don't particularly
care what I trade, it's the pattern that I'm looking for.
It's where has that candle formation appeared within the chart?
(02:42):
Has it got room to move to the profit target,
has the stop lost gout protection? All these type of
things that we look for. And so if I'm trading
the pattern, I'm giving myself a very high probability chance
of success because I'm looking for only the highest quality patterns,
regardless of the market or direction. So simply because I
(03:04):
live in New Zealand, it doesn't mean I have to
trade New Zealand dollar pairs more, or I have to
trade the euro US because it's the biggest traded.
Speaker 1 (03:12):
Forks pair, not at all.
Speaker 3 (03:14):
As an example, I've got a monthly chart trade on Kafara,
which is one of the coffee markets. On the commodities,
I've got two weekly chart trades open right now on
dogecoin and Solana. I've got a daily chart trade that
I'm taking later today on UK coco. I've just placed
(03:34):
behind me here two twelve hour chart trades on UK
oil and US oil. And so by identifying those higher
quality setups, I can give myself just a great chance
of having a successful trade. Now, every trade that I take,
regardless of the market, whether it's a FORXS pair. What
(03:56):
the pair is, the direction, the timeframe of the chart,
stop loss, or the trade. None of that matters in
terms of each of one of my trades has low
and equal risk. So the trade on today's UK coco
would have the same risk as the trade on the
(04:16):
monthly coffee, or if I'm taking a four hour chart
trade related today on the euro US dollar, it has
the same equal risk, and likewise they have the same
reward to risk. And so therefore the antual market that
I trade, the direction the timeframe chart that I'm looking at,
is less and less relevant. It's more for me about
(04:38):
having the quality of pattern. So therefore, by giving us
more markets to trade and on empty five more built
in time frame charts such as twelve hour and eight
hour and six hour, et cetera, it's just giving us
just higher, higher quality trade setups without that feel that
you must go, well, it's not quite really where I
(04:59):
want it, but I've got nothing else to trade today,
therefore I'm going to take it.
Speaker 1 (05:03):
We don't have to do that.
Speaker 3 (05:04):
We can be very picky, very selective with our criteria
and only hand select the best, best quality. It's like
having like a good wine maker. You know, we're getting
optimum conditions on everything that we do to give us
the best chance or quality outcome and quality product.
Speaker 1 (05:23):
So if you'd like.
Speaker 3 (05:24):
To find out how we do that and how we
can help you to identify these same setups on the
markets that we're looking at with our help, so you
can follow along seeing what we're doing, why you're learning,
so you can earn why you learn. Have a look
first of all on my short free on demand masterclass.
If you'd like to bypass that and seriously consider joining us,
(05:48):
you can skip through that if you want to attend it.
Speaker 1 (05:50):
But if you'd like to book a call with either.
Speaker 3 (05:53):
Myself or one on my team to see if we're
a good fit, what you can do is click on
the link that I put on here to book time
to have a chat with us and we go through
some questions to see if you're right for us, we're
right for you.
Speaker 1 (06:06):
You can do that and no obligation.
Speaker 3 (06:09):
Call there to do that and help see if we
can help you with your trading. And lastly, if you're
out there looking for a good broker who offers all
these markets on all these time frame charts, I personally
trade with Blueberry Markets. I do have account with other
brokers as well, but predominantly with Blueberry Markets. Their empty
five platform offers so many markets, so many different time
(06:33):
frame charts and the best customer service you will find
And if you'd like to have a chat with them,
have a.
Speaker 1 (06:40):
Look at the link on here as well.
Speaker 3 (06:42):
So once again this is Andrew mitchrim here at the
Forrest Trading Coach, trading lots of different markets, looking for
high quality trades.
Speaker 1 (06:49):
And having fun whilst doing it.
Speaker 3 (06:51):
I hope it helps I see this time next week.
Speaker 1 (06:53):
By fanat
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