Podcast:

If You Don’t Trade Forex Now, You Never Will

In this video:

00:24 – The world has gone mad

00:36 - Traditional investing is not working

01:00 – Why we trade the Forex market

01:21 – You need to be trading right now

01:57 – Email from a client from Ireland

02:24 – Trader joins after 6 years

03:35 – It’s now or never

If you don't start trading the Forex market in these current conditions, you probably never will. Let's talk about that and more right now.

Hey traders, Andrew Mitchem here, owner of The Forex Trading Coach with video and podcast number 358.

The world has gone mad

Okay, so it's official. The world's gone mad. Everything's in utter chaos. Everybody's shut down. No one can go anywhere. It's all doom and gloom. Or is it?

Traditional investing is not working

So obviously, with the traditional markets, the stocks, the shares, everything's falling, everything's crashing. Property may well do the same. Interest rates are zero everywhere. And the traditional routes of investing are not particularly good right now. Everybody's locked up at home, self-isolation. Everybody's all depressed.

Why we trade the Forex market

But the good news is, and one of the reasons why we trade the Forex market, is because what happens in all these other markets doesn't really affect the Forex market. Sure, it affects it in terms of the Forex market moves.

But the great thing is, is all we want as far as traders is some volatility, some price actions, some movement. And that is exactly what we have right now.

You need to be trading right now

So if you're not trading the Forex market, you need to be. If you've got any interest in trading the Forex market and you wanted to learn how to do it, now is the time to do it. You're probably stuck at home, can't do too much else. The market is in absolute prime conditions right now for Forex traders to be doing well. We've just had some amazing moves on all currency pairs, so you need to be on this right now, taking advantage of it. And to be honest, these conditions are likely to last for a long, long time. So you've got time. But do it now. Don't delay. Take advantage of it now.

Email from a client from Ireland

I need to read you this email that I've had from a client of mine over in Ireland. "Hey, Andrew. Yes, it's been an unbelievable market. When you think that the stock markets have crashed more than 30%, investors are pulling their hair out, and most expert advisors or robots have blown accounts, but we are heading for one of the best trading months ever." Just come through here this morning from a client of mine who's been with me since 2012 in Ireland. So it just shows what can be done.

Trader joins after 6 years

Now, the other extreme of that is I had a client join me just yesterday from the UK who has been following me for six years, never quite pulled the trigger. Always been interested and never quite got there. Now he came to me and he said, "Do you know after all these years, things are getting so bad over there," over here for him, over there in the UK. He said to me, "Do you know, Andrew, I have to do this. I have to take control of my finances, and no better time than right now, because I've been told by my employers that I'm in self-isolation, work from home type of thing."

So what a great opportunity. Good on him for doing that. And it just shows if you have that thought process, that mentality of what is happening right now, all this utter chaos and panic and everything else that's going on ... If you have the thought of, well, you can't do much about it, so let's take a positive out of it. Let's learn. Let's self-educate. Let's protect our finances and take control of our finances ourselves by using a market that has the ability to make money when the market goes up or down. That is the Forex market.

It’s now or never

Like I said at the beginning, it's now or never. If you don't do it now,