Excellent Market Conditions Continue
#363: Excellent Market Conditions Continue
In this video:
00:28 – Week 5 of Coronavirus lockdown
00:49 – Great trading conditions and examples of our trades
01:35 – Live webinar with clients
02:02 – What are you doing about this?
02:49 – Economically, things are not good
04:02 – There are opportunities out there
04:38 – Conditions are perfect right now, are you ready?
So the excellent forex trading conditions are continuing well into lockdown. Are you taking advantage of these conditions or not? Let’s talk about that and more right now.
Hey, traders, Andrew Mitchem here at The Forex Trading Coach outside again today. I’m just wanting to get away from the computer and share some beautiful scenery with you here.
Week 5 of Coronavirus lockdown
Look, we’re in week five of lockdown, but the great thing is is that as a forex trader, the incredibly good market conditions are continuing. A few people have said to me, “Hey Andrew, you know, with the financial markets are slowing, is this going to have any impact?” Well, right now the forex market conditions are incredibly good.
Great trading conditions and examples of our trades
To give you a few examples, I’ve been talking about a sell trade we took two weeks ago on the Euro/Canadian weekly chart that is now still in great profit. That pair has dropped about 300 pips from high to low so far this week. The trade continues to go well. We took some trades on our 12-hour charts posted on our forum site that have worked out beautifully this week, make very good high reward to risk trades. We’ve had sell trades on the Euro/Aussie, Euro/US that have done well this week, hit the profit targets. Right now I’m still in on a buy trade on gold that’s going really well on the daily chart as well, all mentioned on our membership site for clients to follow along to not only learn from, but also to earn from.
Live webinar with clients
I held a live webinar last night for clients. We had over a hundred people on there, and that’s the great thing with lockdown. I’m getting lots of people attending the client webinar live and attending the forum site, but I took a sell trade on the franc/yen and made about a one and a half to one reward to risk and it did it in I think about half an hour, and there again, makes full profit in front of people live on a webinar.
What are you doing about this?
So great trading conditions are there, so really it comes down to that’s all well and good for me to say, “Yeah, we’re taking lots of great trades,” but really the purpose of this video is to ask you a question. It’s like, what are you doing about this? You know, when it comes to time, for most people around the world we’re still in lockdown. We’re in week five or just about to start week five of lockdown here in New Zealand. We can’t really go anywhere, and most people are in a similar situation or worse around the world, and so what are you doing about this? I made a video about three weeks ago saying well, what are you doing to take advantage of these conditions? And now here we are three weeks later. Have you answered that? Are you taking advantage of some extra time that you may have to do something about this?
Economically, things are not good
Because look, realistically, economically things are pretty grim out there. Here in New Zealand, things are pretty bad. You know, even here in Nelson in New Zealand they just pulled out with 100 jobs in the maintenance here in Nelson. The company who I use personally for helicopter maintenance, they’ve gone. You know, that’s just two groups of people who I know of, but there are thousands and thousands of others. You know, the jobs have just gone everywhere.
I was reading a report from the states. I’ve got it here. 26 million jobless claims in the last five weeks. 26 million, just in the US. You know, and what’s going to be the knock on effect from this? So it really is a great opportunity. You know, people say the phrase is for every bad outcome there’s a gain to be made or whatever the phrase is. You know what I mean. Try to find the positives in the situation that we all find ourselves in right now and do something about it to improve things for you financially, mentally, whatever it might be for you, your family going forward.
There are opportunities out there
And really that’s what this video is about is to say look, there are opportunities out there. The forex market is probably one of the very best for you to look at getting into, if it interests you. It has to interest you. It has to be something that you really want to do. Don’t just do it because I say so or because you see it as a quick fix or easy money. If you’re doing that, you’re in it for the wrong reason. If you want to do it to better yourself, future-proof yourself for the finance, for the educational benefits from it and the rewards that are potentially there from it, then they are the reasons why you need to jump into it.
Conditions are perfect right now, are you ready?
But look, great opportunity. The market is still absolutely buzzing. It’s a prime time for you to jump into it if you want to. So I’ll leave it at that. Look, you know where to find us. We’re at TheForexTradingCoach.com. I hold webinars each week for new traders and for the more experienced traders, but as a client you get so much that we’re just finding that people are just absolutely loving. I’m getting comment after comment from people saying that this is the most professional course I’ve ever joined. This is the most well-run. Your answers are always quick. They’re prompt. You’re real traders. We’re trading in front of people on webinars. We’re posting trades on the forum site. We’re posting trades on our daily membership site. This is real stuff. This is not just people running around on stage promoting selling stuff. We’re real people and we cover the globe. Clients in 88 countries at the last count, and so on the forum site, there’s always someone there typing in questions, asking, answering questions, posting trades, et cetera. So it doesn’t matter where you live in the world. You can do this if it’s something you’re interested in.
So that’s it for me for now. I’ll see you this time next week with any updates to the trades that I’ve mentioned, and as always if you have any information, any questions that you’d like me to cover on future videos and podcasts like this, just send me an email to [email protected]. Bye for now.
Episode Title: #363: Excellent Market Conditions Continue