Reviewing the Year of 2021 and Trading in 2022
#440: Reviewing the Year of 2021 and Trading in 2022
In this video:
00:29 – Overview for 2021
00:57 – The situation in New Zealand and why I love trading
02:32 – Importing, holiday travellers, and rental properties
03:40 – Trading Cryptos
04:22 – Our year at TFTC
06:02 – The changes we’ve made in 2021
08:05 – Our Daily chart trade performance results
09:12 – Looking forward to trading in 2022
10:03 – Thank you for your support this year
11:03 – Have a wonderful Christmas and New Year break
How was 2021 for you? Let’s do a review of the year, and find out how we can make 2022 an even better year. Let’s talk about that and more right now.
Hey, traders. Andrew Mitchem here at The Forex Trading Coach with video and podcast number 440.
Overview for 2021
This is the last video and podcast for the year. Just wanted to have a bit of a reflection just in general and trading wise of how the year has been. A lot of people around the world obviously still affected by the C-word, the virus is still causing issue. A lot of people obviously still can’t travel, can’t move around the place.
The situation in New Zealand and why I love trading
Here in New Zealand, just really bad things happening. Government mandates, a lot of people lost jobs, a lot of restrictions, a lot of division, a lot of mental health issues. A lot of families being split by opinions for vaccination and not vaccination. Kids can’t do a lot of sports if they’re not vaccinated. All these really, really bad things going on.
When it comes back to thinking about trading, I consider myself so fortunate that luckily… It all affects me, but I don’t have to consider it for my day-to-day work, my job, being self-employed and working online. And I know it’s not just New Zealand that has these issues going on right now, it’s obviously affecting a large part of the world, and forever changing government rules and mandates and you can wear a mask and you can’t, then you should then you shouldn’t. It’s just crazy what’s happening. But it comes back to, for me, one of those massive benefits of why I’m very fortunate and consider myself very lucky to trade from home and to trade the Forex market. Because you can carry on and do what we’ve always done. All these new changes don’t really affect us too much in a day-to-day work environment, anyway.
Importing, holiday travellers, and rental properties
So the other thing that I noticed that’s happening a lot, especially here in a country like New Zealand when we’re very isolated and very dependent on important, very dependent on overseas travellers, is that we still now for two years in a row have virtually zero overseas travellers here. So that’s affecting people like with hotels and rentals and holiday accommodation and helicopter companies and hire car companies, and all these different people that I know that are just badly, badly affected. We can’t travel ourselves anywhere because you just cannot get back into the country, even if you could get out.
So those are issues are around. Interest rates are rising. Inflation’s going up, and that’s happening right around the world as well. And so all of that comes back to, again, the Forex market and how good it is. So I don’t want this to be a doom and gloom review of the year. But I want it to be this is the reality of what’s happening for a lot of people around the world. But also why the Forex market is a good option for so many people to consider.
Now, a lot of people of course wouldn’t been into cryptos in the last year, and sure, cryptos like Bitcoin have gone up and up and up and gone very nicely. However, you look at the last one month, a month ago, Bitcoin was at $69,000.00 US dollars. Right now as I’m recording this, it’s in a month down to $47,000.00 US dollars. Now you imagine if you actually physically went out there and spent $69,000.00 and today that $69,000.00 has dropped to $47,000.00 in just a month. That’s not good. So, again, it comes back to the stability and the reliability of the Forex market.
Our year at TFTC
Within the Forex market, here at The Forex Trading Coach we have had a great year, just a fantastic year. Lots of people coming on board, lots of new traders, lots of people discovering the power of prop firms and gaining large incomes from their trading; some have gone full-time. But a lot of people once they’ve mastered the art of trading and making money with low draw downs but steady, consistent gains, which is all we do and teach, they’re discovering the ability to sell signals, to get people to copy what they’re doing, and especially prop firms.
I had an email from a guy just this week who’s now managing $700,000.00 in a prop firm. He said he cannot believe how good it’s going. When he started with me, he was earning… I forget his figure, but it wasn’t very much. He did tell me a very small amount of money on his wage. Now he’s finished that and he’s trading for prop firms and earning considerably more. When you think about that, that’s what gives me the buzz as a coach, and it’s seeing people who come on board, who take on the system, who stick to the system, that contribute, the rewards and the gains that they get are just outstanding. We’ve now proudly have over 3,200 on board with us at The Forex Trading Coach, and we have active clients in 98 countries right around the world. So for something that started just under 13 years ago, we’re immensely proud of those numbers and for the consistency that we have.
The changes we’ve made in 2021
Now, things that have changed this year… Because we’re always evolving. Things that have changed is when I’ve just mentioned cryptos just now, I’m not rubbishing cryptos. We trade cryptos, but we trade them on the Forex market in and out of the trades within a few days or a few weeks depending on what we’re trading. Just a few weeks ago, we took a sell on the weekly Bitcoin chart about two or three weeks ago. It made an incredible 13:1 reward to risk. Absolutely massive. 0.5% risk on that trade, 6.5% gain on your account. All the while, while selling Bitcoin, all while those people who actually went and bought Bitcoin at $69,000.00 are pulling their hair out, while we’re making money as it’s falling. So we’ve got a lot more into a lot more Forex pairs as well, some of the more exotic pairs like Euro/Norwegian Krone, US/Singapore, those kind of Forex pairs. We’ve gone into a lot more this year, generally on the longer timeframe charts because the spreads can get a bit big on them. But if the pattern’s there we’ve been taking them.
We’ve been into a lot more of the commodities, a lot more of the indices and the cryptos. Because the reversal and the continuation type trades that we take, and we’ve been trading for years and years on the Forex market, now we’ve discovered work equally as well on these other markets as well. So that’s a really exciting change for us, and just shows the progression that we’re always after whilst keeping the amount of chart time to a minimum. Because what we’re doing is we’re just scanning through a lot of these other markets just once a day off the daily chart to once a week off the weekly charts. Once a month even off a monthly chart. We’re not there, say like trading Bitcoin, on an hour chart. We’re not doing that. We’re still trading in our 30 minutes a day, but looking at far more options because the pattern is the pattern is the pattern. That’s the important thing. The market that we’re trading or the currency pair or whether it’s gold or [inaudible 00:07:49] or Bitcoin, it doesn’t really matter. The pattern is what we’re trading.
Our Daily chart trade performance results
Just to summarise with our performance for just our daily charts and our weekly and monthly charts, these have been posted on our membership site each day. The daily charts are right now about 25%, just over 25% for the year, with 0.5% risk per trade. The weekly and the monthly at 17%. But then we’ve got a lot of other timeframe charts… And those are set-and-forget results as well by the way. But a lot of other timeframe charts. We’ve got people that are making three figure returns in the year and doing extremely well, like doubling their accounts in a year. But with low draw downs. That’s the important thing there. So you mix in other timeframe charts, like four hours, six hours, 12 hour charts, many of which we’ve put on our membership site, on our forum site, and have on our live webinars. We put all that together and you look at all those things that have not been good this year around the world, and how trading can give you such a massive edge once you know what you’re doing.
So I hope that helps. It’s a bit of a summary, good and bad, of the year. Because the reality is, that’s what it’s been like.
Looking forward to trading in 2022
Heading into next year, more and more markets will be there for us to trade and we continue to look for those markets to trade. We continue to take our same low-risk trading strategies. If you’d like to come on board with us and make 2022 just a special year, it’s just a great time to get into trading for yourself. When we do finally get to travel a bit more, you can still trade and travel with your laptop, with a phone as a hotspot. It just gives you so many more options than the traditional property investment or certain jobs or people who have lost their jobs, mandates, whatever’s happening in your world. Seriously consider the Forex market, because it is a very, very unique and special market. So that’s it for me for this year.
Thank you for your support this year
Just like to say thank you very much for watching my videos, for listening to my podcasts. I get some awesome stories from people, they’re driving or they’re jogging or whatever it is they’re doing and say, “Hey, I listen to your podcast or I watch your YouTube videos.” Thank you to all those people who do that. Thank you to all those people who have asked questions throughout the year. Thanks to all of you who if you’ve been on some of my free webinars or downloaded my calculator, which is a great tool by the way, or you’ve read my e-book, or you just asked me questions in general. If you’re a current client of ours, either through our pattern trader software or the Facebook group, or a full coaching course client, really awesome to have you on board with us here at The Forex Trading Coach. We love what we’re doing, we love getting people to progress and to achieve things. That’s what we’re really after.
Have a wonderful Christmas and New Year break
So that’s it. Have a fantastic… If you do get a break over Christmas and New Year, have a fantastic time away. We are looking at doing a little bit of travelling and hoping to do as it’s summer here in New Zealand, quite a bit of flying, quite a bit of swimming, quite a lot of cooking on the barbecue. I loved smoked food on the barbecue. Yeah, just looking to have a bit of a break. We start trading again on Monday, 10th of January, and my next weekly video and podcast will be at the end of that week. So have a great time, a relaxing time, enjoyable time, for your Christmas and New Year break, and I’ll see you in 2022. On behalf of all of us at The Forex Trading Coach, that’s myself and Paul over in America, Mikalai over in London, Mel and Kim over in the Philippines, awesome to have you as part of the time. Thank you for everybody once again. We’ll see you next year. Bye for now.
Episode Title: #440: Reviewing the Year of 2021 and Trading in 2022