Podcast:

What’s Your New Side Hustle While in Lockdown?

In this video:

00:23 – Week #2 of the lockdown

01:16 – An amazing opportunity right now

02:09 – A real life example from a trader in London

03:20 – We’re seeing great trading conditions in the Forex market

03:53 – Can you trade well and start your side hustle?

05:21 – We have clients in 88 Countries

What's your new side hustle going to be while you're in lockdown from the virus? Let's talk about that and more right now.

Hey traders, Andrew Mitchem here, at the Forex Trading Coach with video and podcast number 360.

Week #2 of the lockdown

We're in week number two of the lockdown here in New Zealand, and I'm sure that wherever you're watching this around the world, you're probably in a similar situation. I want to talk about something that could make a massive difference to you, your trading, your life while we're in this lockdown period. Because, you see, like with a lot of things, you have a couple of choices. You can either go down the grumpy route, the sit watching TV, doing nothing, getting fed up with it. All those types of emotions come into it, and that's perfectly understandable.

But then you can also take advantage of the situation and do something now, as a side hustle, as an example, I'll talk about that shortly, to really help you once we get to the other side of all this.

An amazing opportunity right now

Because as I see this now, you've got the opportunity to learn a new skill. You've got the opportunity to create a new side hustle and get that started. And you've got the opportunity to come out of this with a lot more knowledge.

Really, when you think about it, if you don't do any of those, when we're out of this quarantine lockdown period from this coronavirus, if you don't do any of those, it's not the time that you lacked. Because, let's face it, most people say, "I don't have time for this, and I don't have time to learn trading." It's not time that you lack, it's discipline, and there's no other way of looking at it. Almost everybody now, right now, has more time available to them than they probably ever have done, so it really is a lack of your discipline if you don't do anything about it.

A real life example from a trader in London

Now, I want to give you a real life example. A client of mine over in London, he lost his job around two or three weeks ago, and he has been trading so well ever since that time. He traded pretty well before that, but because he's in lockdown, an enforced lockdown, with his wife and his child, he has done some incredible trading. Just on Tuesday, he emailed me to say he made a 3.4% gain on his account. Just this morning, my time, he sent through a post on our forum site where he put five trades on there on 15 minute, 30, and one hour charts, 30 minute and one hour charts. All five made profit for another 3.2%. He's taking advantage of this time being at home, and he is looking at the shorter timeframe charts, something that he doesn't normally do, one, because he's at work and, two, because the shorter timeframe charts historically have not been quite so good to trade, because of the lack of price action.

We’re seeing great trading conditions in the Forex market

What we're seeing in the Forex market right now is incredibly good price action, big moves across all pairs for weeks and weeks now. Just incredible opportunities. And so, he's taking advantage of this time being in lockdown, and he's doing something about it.

I mentioned at the beginning about one of the options, your skill, you can upgrade your skills, you can become more knowledgeable, but also the side hustle. Practically, as a trader, what can you do about that?

Can you trade well and start your side hustle?

Well, if you're like this guy and you can now start to trade incredibly well with very, very small draw downs, and very high win rates, and very high profitable trades,