We all could have made significant, as in, year making returns had we bet on what would happen to the dollar when the U.S. house passed the Health Care Bill. I call this evil affront to freedom the Health Control Bill. As soon as the bill passed, the U.S. dollar took a nose dive!!!
Splash went the dollar, something like .5 down on the USDX within minutes! What a beautiful sight to behold for those long anything that doesn’t have a dead man who believed in freedom printed on it. Maybe the USD BRL trade did not go correctly, but certainly the Euro caught a serious bid from the stupidity of the U.S. house Congressional demons.
We are toast if we let anything resembling this killer bill get through the U.S. Senate.
Just pack up and bolt. Haiti might even be an improvement once the crushing burden of the Cap and Destroy, the NAIS farm rules, the Health Control bill all work their evil ways into our former lives.
The dollar is going to make some of us serious money while the politicos behead the currency, our country, our freedoms, and soon, they will try beheading us.
At least trading forex currency will get us forex profits from a good forex system, that can benefit when a forex exchange system croaks!! How is that for loading a sentence with key words for attracting forex traders. Sad fact is, everyone needs to become a forex trader..and fast!
Trade Forex Commodities or Anything - But Trade
That is the macro trading strategy for the rest of our lives. Trade out of the dollar. Trade into commodities. Then hold commodities while the whole system implodes. Weee!!
Actually feeling sorry for those that are not fast on their financial feet and or not willing to engage in the evil of trading. Make no mistake, trading can be evil in the forex market if you trade like most people that make it much more like gambling. No stop orders. No limits. No trailing stops. No contingent orders.
There is only one way to trade forex or trade currencies, and that is to trade using all the tricks and all the limit tools. Financial management is the key to success in trading forex – not picking winning trades.
FOREX SUCCESS RULES AND FOREX SECRET STRATEGIES
This is going to sound dirt simple, because it is. Unfortunately, most forex courses seem to think the more complex the trade the better. Not so. Trade simple and trade profitable. Trade complicated and you will lose…sometimes a lot.
Here are our rules as simple, but profitable traders.
1. We trade with 10% or less of our account. A 10k account trades only 1k at a time.
2. We trade with low margin around 20-40, until we get the account up double to the starting point.
3. We set downside limits in the software or forex trading platform. Use a 10% down rule at first.
4. We set trailing stop loss orders for when our forex trade sails in the right direction. Use a 5% back rule for the trailing stop loss order.
5. Use a broker that charges a commission, not one of the so called “no commission” brokers. Does not exist.
6. Focus on only one currency.
7. Determine the macro or fundamental direction the forex currency trade is being pushed. For example, check the trade between the two nations and see who is on the surplus side. That forex currency has a natural and fundamental gravity towards stength relative to the deficit currency. You see this in spades with the USD BRL trade. Too bad we can’t trade that pair all that easily.
8. Trade based on the fundamental direction using technical indicators. Technical indicators for forex currency trading is another subject that I will delve into later on. Once again, I keep it simple.
There are a few more keys to this strategy, but this is enough to get in the game and not get crushed.
Profitable trading!
