My Trading Account is up +17% for the Month

Podcast:

#385: My Trading Account is up +17% for the Month

In this video:

00:25 – A great September with a +17% gain

01:05 – More bad news from around the World

01:50 – What are you doing about it?

03:00 – Client makes +3.7% gain from 4 trades this week

04:37 – Hindsight trading is pointless

I'm up 17% for the month of September so far. Let me share with you how I've done that.

Hey, Forex traders, Andrew Mitchem here at the Forex Trading Coach with video and podcast #385.

A great September with a +17% gain

And as mentioned, I'm up 17% for the month of September so far, with still four days to go. I'd like to explain how that has happened and how you can take advantage of the market movements that we're seeing right now.

Now go have a look at your charts, should have seen we've had big falls in currencies like the Australian dollar, the New Zealand dollar, the euro and the pound. Gold and silver have been falling as well, and the US dollar has been climbing dramatically. And so we've seen some big movements in the market over the last couple of weeks. And so we've been able to take advantage of those.

More bad news from around the World

But moving on to other things, depending on where you live in the world, you would have seen that coronavirus is back in the news again. Countries like the UK and parts of Europe going into lockdowns again. Unemployment is going up around the world. Interest rates are crashing. I've just received an email from one of my bank accounts or bank saying that they are going to now pay me a massive 0.1% interest for the year, which is absolutely outstanding. I'm thrilled to be receiving 0.1. No, I'm not. Absolutely no, I'm not. Why would I have money in the bank when I've just made 17% in a month? Most of that on auto trading, which I'm going to share with you. So think about it.

What are you doing about it?

What is it that you can do to get yourself knowledgeable about these markets? I walked around town recently, the amount of shops that are starting to become vacant, owning commercial property, owning a shop in town, it's not particularly good right now and probably not going to get better for a long, long time if ever.

And as I mentioned, unemployment rates are going up again, government schemes to keep people in employment or giving them monetary handouts for the last few months, certainly here in New Zealand, that's about to stop. Governments cannot afford to just keep handing out money all the time. It's crazy. There's going to be generations of people paying that off in taxes for their lifetime. So it comes back to, that's why I trade the Forex market. Here I am at home, trading, enjoying it, doing other things, but it comes about from that work and dedication at the beginning. So you have to put that effort of time dedication into it.

Client makes +3.7% gain from 4 trades this week

Just last night, I held a webinar with my clients, about two hour webinar, and I had a client Atamas. Atamas sent me four trades that he's taken this week and he's made 3.7% gain, just on four trades. Showed them the screenshots of the trade, the entry exits, the position, why he got in. And we talked about that during the webinar, we do that on all of our webinars.

We're looking at trades that people are taking, we're looking at taking trades live. And I also shared with my clients, our amazing pattern trader software, and you can find a link to it. I'll put it on this video and podcast. It's called tftcpatterntrader.com. It's our automated trading software and you can take advantage of that even if you're not a coaching client. And so that allows you to trade a combination of bots that you can create a week, have created new, can use our versions or edit them, create your portfolio and have that trading if you want to, on complete auto trading. And that has had a tremendous month for September.