This Is Why So Many People Are Trading Gold Right Now?

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#447: This Is Why So Many People Are Trading Gold Right Now?

In this video:
00:32 – Talking Gold, Great Results and 12/13 Profitable Trades
01:11 – Russian invasion of Ukraine and how it affects the market
02:12 – Fear and Uncertainty
02:48 – A lot of trades are on Gold
03:30 – Uncertainty over the morals of the banks
04:25 – Very few D1 trades but lots of H12 and H8 trades
05:00 – Trading Long and Short
06:26 – Future proofing yourself
07:12 – Client makes 8% gain on a $100k account in the last 2 days

Why are so many people trading gold right now, and how does the Russian invasion of Ukraine affect us as forex traders? Let’s get into that and more right now.

Hey there, forex traders. Andrew Mitchem here at The Forex Trading Coach with video and podcast number 447.

Talking Gold, Great Results and 12/13 Profitable Trades

Lots to get through on this session. I want to talk about gold. Why are so many people trading gold right now? Also, want to cover the amazing story I was told yesterday by one of our coaching clients who has just made 8% gain in the last two days, trading on a $100,000 prop firm account, and also want to discuss with you how we put, on our membership site, 10 trades yesterday. All 10 hit profit. I also took three trades on our live webinar yesterday, and two out of three also hit profit, so having some really good success there with our trades.

Russian invasion of Ukraine and how it affects the market

Elsewhere in the world, what’s happening? Well, over the last 24 hours, Russia has now invaded into Ukraine. Obviously going to cause a lot of turmoil, a lot of issues po