We’ve Made a +13.2% Account Gain This Week

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#553: We’ve Made a +13.2% Account Gain This Week

In this video:

00:30 – A +13.2% account gain in the week.

00:40 – Other investment choices.

02:32 – You should be in control of your future.  

03:17 – Trading results this week.

04:35 – All trades posted on our membership site and forum site.

05:11 – Join my free Masterclass

05:32 – Blueberry Markets as a Forex Broker.

06:02 – Course details are here https://theforextradingcoach.com/online_video_coaching_forex_course/

06:25 - Comments, Like & Subscribe.

We're having a fantastic trading week with so far a 13.2% account gain. Let me share details about that, how we've done that and how we can help you to do the same. Let's get into that email right now.

A +13.2% account gain in the week.

Hey, the Forex traders, Andrew Mitchem here at The Forex Trading Coach with video and podcast number 553.

That's right, A 13.2% account gain on one account, 3% on another account. I'm going to share details about that with you very shortly.

Other investment choices.

But on Wednesday, I attended my local weekly business morning breakfast group that I go to. And on that I was talking about investment choices that people have, and I was writing it to what I do here with my own trading and that the Forex trading coach where we help people to trade.

And I was giving people a bit of an outline and say, look, what options do you have as an investor or to create some form of income. Now one of the obvious ones here in New Zealand and in many parts of the world is rental properties and just properties in general, whether it be housing or commercial or land, whatever it might be.

The and there are many positives, of course, some of the obvious downsides right now is generally interest rates are pretty high around the world. And also it's probably a slower gain today. And also you need a large amount or most people need a large amount of debt, take it on with borrowings in order to get into any form of rental property, let's say.

So pros and cons to that, like there is with everything, you know, I mentioned things like you could get into artwork and collecting things, you could get into share trading, but a lot of that, you know, you don't have leverage and you generally buy something and kind of hold and hope it goes up for a long term. So potentially there are some options there for people, but it's not that exciting for a lot of people.

And you can look at fund management, and I was explaining about a fund management company that's based here in New Zealand, and they have a branch here in Nelson where I live, and I looked on their website just before going to that meeting and I looked at their five year average is under 2% gain per year on their five year rolling average.

Not very exciting. So handing all your money over to someone else is also not a great option in most cases.

You should be in control of your future.  

And so it came down to how important is it for you to be in control and in charge of what you do with your money and to have that knowledge. So as you know, the phrase knowledge is power.

And it's so true. You know, if you end up doing what most other people do, you'll end up getting what most people other people have, which a lot of people is not a lot. And so you've got to think differently. You've got to have some form of knowledge, some some power for your own choices. And knowing what to do with your funds is quite important.

So it came all the way back down to how important is it for you to know this for yourself?

Trading results this week.

And that's where we come in a forex trading coach that give you these examples of t...