#443: Inflation Is Now at Levels Not Seen for 30-40 Years

Online Forex Trading Course

Inflation Is Now at Levels Not Seen for 30-40 Years Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course - Click Here #443: Inflation Is Now at Levels Not Seen for 30-40 Years In this video: 00:27 – Massive Inflation rates around the world 01:21 – Are you going backwards? 01:46 – What can you do about this? 02:42 – Most people only buy Crypto’s 03:15 – Weekly Indices trades hit their profit target 03:36 – Do you wish to know more about Prop firms? 05:44 – Trade with Blueberry Markets Around the world we're now experienced inflation levels that we've not seen for the past 30 to 40 years. What does that mean for you? Let's talk about that a more right now. Hey, traders, Andrew Mitchem here at the Forex Trading Coach with video and podcast number 443. Massive Inflation rates around the world Now you may have seen a very hot topic around the world right now, many economies is in inflation and how high it has got. In the US, they've just announced that their inflation rates has reached 7%. That's the highest seen over there since 1982. Here in New Zealand 6.3% is the level economists are talking about. That's also the highest that we've seen since the mid 1980s. Over in Canada, 4.8%, throughout the Euro Zone, 5%. In the UK 5.4%. So very high inflation rates. What does that mean? Well, obviously the cost of living is going up massively. It's something that has been predicted for the last year or two. And it's here right now. You've noticed things like food, fuel, housing, all the expensive things in your life are going up faster and faster and faster. Are you going backwards? So if you are on wages, what does that mean? Well, wages for a lot of people are pretty static, fairly constant. So it means that if you're in the US and inflation's gone up 7%, and your wage has not gone up 7%, you've effectively gone backwards from this time last year. It's costing you more of your wage to buy the same thing effectively, you're heading backwards. What can you do about this? And what can you do about that? Well there's different investment methods and obviously cryptos, and we'll use Bitcoin as an example as something that so many people have talked about over the last few years. So imagine how you feel right now if just over two months ago, you purchased Bitcoin for $69,000 and this week it's worth $33,000. Not great. And so for me, the thing that I love about trading the Forex market of course is we have the ability to sell. And we can still trade cryptos and we do, and I'll give you a great example with just last week on our membership site, we published a sell trade on Ethereum. We were selling on the daily chart and within two days we'd made a 3.2 to 1 reward to risk trade. In other words, we risked half of 1% on the trade, and we've made at 1.6% account gain by selling Ethereum. Most people only buy Crypto’s And the way that most people are getting into cryptos is you can only buy. And the beauty of the Forex market and the ability to sell something is what makes it so different and so good to me because of course not every chart keeps going up and up and up. Bitcoin, Ethereum right now are perfect examples. So not only are we gaining some great gains on the Forex pairs, we're now also looking at the indices, the cryptos and the commodities. Weekly Indices trades hit their profit target Just this week, I published three weekly chart indice trades, which have all hit our profit target. So the patterns that we trade, the method that we trade is proven to work across so many different markets, and that's the beauty of it. Now, two more things I want to mention to you. Do you wish to know more about Prop firms One, we are getting a lot of our clients who are now getting involved with prop firms and doing incredibly well. You may have seen some emails from me recently about some of our traders that are making some fa...