It’s Time to Secure Your Financial Future

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#480: It’s Time to Secure Your Financial Future

In this video:

00:24 – A lot of doom and gloom in the world right now

01:10 – Mortgage rates and Interest rates rise

01:52 – Pension funds are dropping

02:28 – What can you do about it?

02:50 – Live webinar discussing a variety of time frame charts

04:14 – Black Friday 2022 Sale – register here https://theforextradingcoach.com/black-friday-2022/

It's time to start thinking about securing your financial future, regardless of how old you are, regardless of how wealthy you might be, and regardless of where you live. Let's talk about this really important topic right now.

Hey traders, Andrew Mitchem here at the Forex Trading Coach with video and podcast number 480.

A lot of doom and gloom in the world right now

Thought I'd come outside this morning, early morning and record this video for you. There's a lot going on obviously around the world right now with inflation going up, cost of living going up, job uncertainties, wages not keeping up with inflation, and a lot of property values starting to drop. In fact, I saw just this morning reading one of the UK online papers, they're talking about potentially up to a 30% fall in their house prices. Property investors, maybe not such a good time now with higher interest rates and falling values if you already own property as well.

Mortgage rates and Interest rates rise

With mortgage rates going up and up, it's making things harder and harder for people to afford property, and so therefore it's not so attractive. Also, overnight my time, Britain has raised their cash rate from 2.25% up to 3%. That's actually a 33% rise, huge. Just this week, the US have also gone from 3.25% to 4%, and on Tuesday, Australia went from 2.6 to 2.85. Other countries did something similar just a week or so prior, and that's just this week, just those three countries.

Pension funds are dropping

We're also getting news about pension drops, and I saw again on an English online paper here, this comment about my pension fund has plunged, wiping out almost all the gains over the last eight years. People are saying, well, their pension funds, if they're coming up to retirement age, let's say. Your value of your pension fund some eight years ago is pretty much where you are right now because of the lowering values and just the bad performance of pension funds. All this comes down to the very obvious, I suppose the obvious question, not the obvious answer, so much.

What can you do about it?

The obvious question of what are you going to do about it, and how can you change this? Because obviously this is just spiralling out of control on so many different levels.

To me, there is a relatively straightforward answer, and it's to get trading or get educated into trading so you can try to figure out what you can do about this for yourself.

Live webinar discussing a variety of time frame charts

Now, just last night my time, I held a live webinar with our clients. We discussed a variety of timeframe charts, monthly charts of which we've got five trades on for the month of November. We discussed weekly charts, some daily charts, which we've taken about nine trades this week. 12 hour charts, eight hour and six hour.

With that in mind, that means that you can trade those timeframes in 15 to 30 minutes per day by looking at your charts two or three times easily. We're not talking about sitting there looking at like one minute, five minute, 15 minute charts where you got to sit there all day and night just staring at charts, getting really stressed about your trading. Not that at all. We're talking about making this practical that you can do this doesn't matter where you live in the world, what time zone you're on,