Podcast:

4.6% Account Gain Per Month for 69 Months

In this video:

00:30 – Traditional methods of making a return on your capital are not working now

01:10 – Bank rates are negative in some Countries

01.56 – A massive +0.05% Interest Rate Gain is effectively going backwards.

02:30 – Daily Trading Suggestions make +4.6% per month gain on average.

03:35 – Learn and Earn at the same time

04:50 – What is this knowledge worth to you?

05:06 – Get started with my free course – click the link below

You can't rely on the banks or traditional investment methods to make a good return on your capital any longer, so let's talk about that and more right now.

Hi Forex traders! Andrew Mitchem here, The Forex Trading Coach. Welcome to video and podcast episode #198.

Traditional methods of making a return on your capital are not working now

In today's video and podcast I'm going to be talking about why you cannot rely on banks and the traditional methods of making a return on your capital any longer. You just cannot do it, and there's things you need to do to change because- You think about banks. Traditionally a lot of people were making 5, 6, 7% per year on their savings in a bank and some people could survive like that. They're happy like that, you see it as quite a safe investment. The bank's not really or probably shouldn't sort of go under. Your money should be safe. It's a reasonable return for no risk.

Bank rates are negative in some Countries

But that's a number of years ago now, and just to illustrate that we're getting bank interest rates around the world dropping all the time. In some countries they're now negative.

To highlight that fact I've just received a letter here from Lloyds Bank in England where I still have a bank account. It's my very first bank account when I was a child. They've said on here that my annual interest rate, my gross interest rate before tax is going to go from 0.25 and the 8th of December this year they're going to reduce it to 0.05%. That's gross, that's before any tax or fees et cetera. 0.05%. Luckily it's a positive, but it may as well not be. That's just not exciting.

A massive +0.05% Interest Rate Gain is effectively going backwards.

As an example, if for some reason you wanted to have £100,000 with Lloyds Bank in this account, I can't like it, after the 8th of December, they're going to pay you a massive £50 in interest, that's gross, in a year. On a $100,000 account. That's just mad. There's just no point in having your money there because by the time you adjust for inflation et cetera, it's just- it's going backwards isn't it.

Daily Trading Suggestions make +4.6% per month gain on average.

What can you do about that? Well of course as a Forex trader to me for cash flow and for higher returns, Forex is the obvious answer. Just to give you some examples if you had copied my daily trading suggestions, as a member and as clients and as so many people do, from January 2011 through to today at only half of 1% risk per trade. That's 69 completed months. If you'd risked half of 1% on each of the trades that I post you would have been up 315% on your account today. That's with monthly compounding, so at the end of the month you take your total and your compounding that with .5% risk. 315% in those 69 months, it works out an average of 4.6% gain on your account per month. Now that's from doing nothing else than just a five minute a day job for copy paste exactly what I say. You take all the winners, all the losers, et cetera. Five minutes a day.

Learn and Earn at the same time

That's the simple side of things, but as I'm posting that information not only of course am I putting it out there for myself and for my clients to earn from. From the client's perspective it's a learning tool as well.