Podcast:

Will the Coronavirus affect Forex Traders?

In this video:

00:20 – Joined by Paul Tillman from NC, USA

00:40 – Webinars, Trades and the Coronavirus

01:00– Recent webinars and how you can benefit – view the recording

02:45 – Our trading day today

04:13 – Trading with the Coronavirus and how it has affected the charts

05:27 – Monthly chart trades make massive profits with the Yen strength

06:02 – Why we are technical traders and where are the charts heading?

07:20 – Live trading sessions in the UK later in the year

08:50 – Contact us if you are interested in knowing more about our trip to the UK for training

Andrew Mitchem:

Will the Coronavirus affect us as Forex Traders? So let's talk about that and more right now.

Paul Tillman:

Hey traders, it's Andrew Mitchem here, The Forex Trading Coach, video and podcast number 356 and I'm joined by Paul Tillman here.

Joined by Paul Tillman from NC, USA

Paul Tillman:

Hello everybody. All the way from North Carolina here in Nelson, New Zealand. Good to be with you today.

Andrew Mitchem:

So Paul's been over here for the last 10 days with me and with his wife and two children having a great time here in New Zealand, showing them the sights and the sands. Now a number of things we want to talk about on this video.

Webinars, Trades and the Coronavirus

Number one about some webinars that we held recently, and how we can help traders with trading information and there's a link here also to the webinars that we held, and also want to share a few trades that we've taken recently and lastly, we want to talk about the coronavirus and how it's already affected trading, and what it's likely to do in the future.

Recent webinars and how you can benefit – view the recording

Andrew Mitchem:

So Paul, let's start at the first thing, the webinars we held just last week. Maybe you could just describe what we did and how it went and how people can benefit from that information using the links that are below this video.

Paul Tillman:

Absolutely. So we took lots of questions and emails and basically got it down to a few categories of what traders are having issues with or if you're brand new experience, and they came down to trading psychology, not having a strategy, some things that brokers and indicators or, "I've done okay, but I'm giving away too much money, I'm losing." And so we took all of those and we just talked about them. What we've seen in our course, what we've seen as 15, 20 plus years together have trading experience. And we took each topic and talked about it at length and it went very well.

Paul Tillman:

Kind of help sate solve those problems with the questions and answers and things and why we have a strategy and psychology and all these different things, and we're part of those 5% of traders that are actually profitable and not part of the 95% that end up failing.

Andrew Mitchem:

Absolutely. And I think the thing that came through from it is, it was practical information. It was realistic, practical information that we use as traders every day that our clients use, and we're passing on that information for other people to use.

Paul Tillman:

Absolutely. Yeah. We've got clients in 50 plus countries, who do well with our forum site and our webinars and our daily trades, and just being consistently profitable, which is the number one problem. The number one goal that people want to have as Forex traders.

Our trading day today

Andrew Mitchem:

Absolutely is all we're after. And the other thing that was important that came out of that is that maybe you just describe our morning so far today, because the important thing is that people think of Forex trading as something you got to be sat at the computer all day watching every pip move up and down and really you don't.

Paul Tillman:

That's right. We had a couple minutes look at charts early this morning to see what happened overnight,