Hi, in todays live training session we covered a wide range of subjects as usual.<\/p>\n
I started by looking at the boom in commodity prices and how that will lead to inflation potentially getting out of hand this year. I explained in October’s webinar the dangers of inflation following all the money printing.<\/p>\n
Since then there has been even more, especially in the USA. Although this hasn’t affected the price of the $USD yet, there will come a time when sentiment shifts to thinking about how will they (and most western governments) ever pay it back… clue…they wont!<\/p>\n
I also shared with you some data in a recent live session, how governments deliberately hide the real rate of inflation. The true rate in the USA is currently around 10% and it could\/probably will get much worse. So what’s your plan to protect what you have and make more to compensate for inflation eating away at your finances?<\/p>\n
https:\/\/www.forexmentorpro.com\/members-area\/live-inflation-eating-your-money-how-to-stop-it\/<\/p>\n
This is part of the reason why I am invested in crypto.<\/p>\n
Obviously, there was a flash crash last week whilst I was away. Crypto has given my followers massive gains but I started warning folks in March to keep taking some profits. For those who joined us last May and were up over 4\/500% I explained why my focus was to remove my original stake. Many followed my lead or at least reduced their exposure. As a result, no sleep was lost despite the bigger than expected drop \ud83d\ude42<\/p>\n
Conversely, folks who did not and even worse those who used leverage which I tell you often “DON?T DO IT”- will have lost a substantial amount. I read that 800,000 accounts were blown up around the world.<\/p>\n
Me? I have bought some more of a select few and am now waiting to see what happens next. For me, this is a mid-term play and the reasons for getting in have not changed. If you haven’t seen the webinar I hosted back in October, you can find it in the crypto mini-course here: Introduction to Crypto\u00a0<\/a><\/p>\n In today’s session I also discussed Elon Musk and Tesla. The “biggest” car company on the planet and the richest man, but is it all smoke and mirrors?<\/p>\n Tesla don’t make a profit on the cars they build, they profit from selling tax credits. Is it only me or has the world gone mad!\u00a0This is a CNBC article explaining the how and why from last summer: CNBC\/Tesla’s Credits<\/a><\/p>\n and a more recent one from last month, when Tesla announced their first-quarter earnings of 2021. Profit on car production..zilch, Bitcoin and Credits gave them half a billion though: Tesla makes more selling credits and BTC<\/a><\/p>\n New members, please note: If I am looking to take a trade long, for example, 1.5000, I place my order 10 pips above & 10 pips below for a short. This is because price often does not quite reach a major line and you need to allow for spreads.<\/p>\n We are NOT a \u201ctipping service\u201d our aim is to teach you how to trade for yourself.<\/p>\n For more up to the minute, updates do not forget to drop by the forum.<\/p>\n Watch the video for more detailed explanations of this week\u2019s analysis and trade plan.<\/p>\n To view full screen, click on the square, bottom right corner<\/p>\n