#558: Drinking and Trading Coffee

Drinking and Trading Coffee  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 #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.