Reviewing the Year of 2021 and Trading in 2022

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#440: Reviewing the Year of 2021 and Trading in 2022

In this video:

00:29 – Overview for 2021

00:57 – The situation in New Zealand and why I love trading

02:32 – Importing, holiday travellers, and rental properties

03:40 – Trading Cryptos

04:22 – Our year at TFTC

06:02 – The changes we’ve made in 2021

08:05 – Our Daily chart trade performance results

09:12 – Looking forward to trading in 2022

10:03 – Thank you for your support this year

11:03 – Have a wonderful Christmas and New Year break

How was 2021 for you? Let's do a review of the year, and find out how we can make 2022 an even better year. Let's talk about that and more right now.

Hey, traders. Andrew Mitchem here at The Forex Trading Coach with video and podcast number 440.

Overview for 2021

This is the last video and podcast for the year. Just wanted to have a bit of a reflection just in general and trading wise of how the year has been. A lot of people around the world obviously still affected by the C-word, the virus is still causing issue. A lot of people obviously still can't travel, can't move around the place.

The situation in New Zealand and why I love trading

Here in New Zealand, just really bad things happening. Government mandates, a lot of people lost jobs, a lot of restrictions, a lot of division, a lot of mental health issues. A lot of families being split by opinions for vaccination and not vaccination. Kids can't do a lot of sports if they're not vaccinated. All these really, really bad things going on.

When it comes back to thinking about trading, I consider myself so fortunate that luckily... It all affects me, but I don't have to consider it for my day-to-day work, my job, being self-employed and working online. And I know it's not just New Zealand that has these issues going on right now, it's obviously affecting a large part of the world, and forever changing government rules and mandates and you can wear a mask and you can't, then you should then you shouldn't. It's just crazy what's happening. But it comes back to, for me, one of those massive benefits of why I'm very fortunate and consider myself very lucky to trade from home and to trade the Forex market. Because you can carry on and do what we've always done. All these new changes don't really affect us too much in a day-to-day work environment, anyway.

Importing, holiday travellers, and rental properties

So the other thing that I noticed that's happening a lot, especially here in a country like New Zealand when we're very isolated and very dependent on important, very dependent on overseas travellers, is that we still now for two years in a row have virtually zero overseas travellers here. So that's affecting people like with hotels and rentals and holiday accommodation and helicopter companies and hire car companies, and all these different people that I know that are just badly, badly affected. We can't travel ourselves anywhere because you just cannot get back into the country, even if you could get out.

So those are issues are around. Interest rates are rising. Inflation's going up, and that's happening right around the world as well. And so all of that comes back to, again, the Forex market and how good it is. So I don't want this to be a doom and gloom review of the year. But I want it to be this is the reality of what's happening for a lot of people around the world. But also why the Forex market is a good option for so many people to consider.

Trading Cryptos

Now, a lot of people of course wouldn't been into cryptos in the last year, and sure, cryptos like Bitcoin have gone up and up and up and gone very nicely. However, you look at the last one month, a month ago, Bitcoin was at $69,000.00 US dollars. Right now as I'm recording this, it's in a month down to $47,000.00 US dollars.