Trading in a Covid World, plus a 7.5% Account Gain in a Day

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#429: Trading in a Covid World, plus a 7.5% Account Gain in a Day

In this video:

00:25 – Everything’s changed with Covid over the past 18 months

01:00 – Debate around masks, vaccines, lockdowns and passports

02:28 – Where to from here?

03:48 – Most issues disappear when you trade Forex

04:50 – Trader makes +7.5% gain in a day

06:00 – Are you looking for a good Forex broker?

07:15 – Send me your questions

07:31 – Feel free to share the video and podcast

We're now traders in a COVID world. What does that mean for us as traders going forward, and how can you take advantage of it? Let's talk about that a more right now.

Hey traders, Andrew Mitchem here, the Forex trading coach with video and podcast number 429.

Everything’s changed with Covid over the past 18 months

Well, obviously the last 18 months or so everything's changed for virtually everybody, it doesn't matter where you live in the world with COVID and all the effects of that. And it got me thinking about trading the Forex market and how good it really is and what advantages that we have going forward. I wanted to share some of those with you. And this is for you, it doesn't really matter where you live in the world, it doesn't matter whether you're a business owner, an employee, or an employer. Let me explain what I mean.

Debate around masks, vaccines, lockdowns and passports

So right now there's obviously a lot of debate around the world with masks, with vaccines, with vaccine passports, lockdowns, all those things are still going on, and depending on where you live in the world, different countries, slightly different rules. Here in New Zealand, we're still in lockdown mode. I have no idea why, but we still are. It's badly, badly affecting so many people business wise, emotionally wise, it's not good.

And so if you're, let's say you're a landlord and you own a shop in a town somewhere, anywhere in the world. So obviously, over the last 18 months, it's been lockdowns virtually everywhere, and as a landlord that's going to be pretty tough ind going forward, that's going to be pretty tough because less and less people probably wanting to have cafes and shops, et cetera, in towns.

And so as a landlord, what do you do? If you're the business owner, if you own the shop or the cafe or whatever it might be business in town, you've had lockdowns, you've had people not coming into work, and so you've had that issue. If you're an employee and you work those places, then obviously, for a lot of you, if you cannot work at home, you've been badly affected as well.

Now if that's what's happened, and we can't change a lot of that, but let's have a think about going forward from here.

Where to from here?

Let's face it, most people don't like wearing masks. Personally, I think they're horrible things. I'm very lucky I work from home and I hardly ever have to wear one. Now if you're the sort of person, if you're an employee, you're now going to be having debates over masks, wearing them all day, and now vaccine jabs, and whether you ...

And this is not about pros and cons or saying what my opinion is, my opinion to you doesn't matter. The point is that people are going to get very strongly one way or the other. You might think that masks and vaccines are the answer and they're fantastic. Likewise, you might think that masks and vaccines are just control and a waste of time.

But the problem is going forward, if you're the boss, you've got to deal with this. You've got to deal with staff with different issues. If you're the employee, you're going to be happy if you are working with people who are or are not vaccinated, depending on your point of view. If you're the person walking around town, going to a shop or a cafe, and you're against vaccines and mass,