Forex, currency trading, online forex trading, forex currency trading, crashing dollar, rising Asian and commodity based economies, all the new themes for our lives now and for the future. Gold and silver are currencies so I lump them in [...]]]> Yes, We All Know Forex Trading is Risky..and so is NOT Trading Forex in these Markets

Forex, currency trading, online forex trading, forex currency trading, crashing dollar, rising Asian and commodity based economies, all the new themes for our lives now and for the future. Gold and silver are currencies so I lump them in with forex trading. Heck, I even have my mother forex trading now though it isn’t the 100:1 margin variety. More of the Forex ETF’s with Brazil exposure, Asian exposure, and a stack of PM’s with the lagging CEF.

Central Fund of Canada Premium Problems

Who would have guessed everybody’s favorite way to buy gold and buy silver, really engaging in long forex calls against all fiat money, would turn out to be the laggard relative to the physical mettle.

Forex markets are notoriously fickle. Like a rock star that suddenly can’t score a top 10 hit, today’s top currency could be tomorrows sorrow. Check the Krona. Check the Argentinian Peso. Check the dollar when it was at 120 on the USDX

All sing it out “Those were the days my friend, we thought they’d never end…”

Forex Currency Trading for USDX Crash

Until the bombs dropped both literally and figuratively. Gone is the 120 USDX with 70 looking like it will be the new high water mark soon.

Forex is for everyone now – like it or not.  Lawyers make us tell you that Forex is very risky and you could lose everything you have. Set your stop limits well below what your account can afford to lose, and make that problem of losing everything become strictly academic, as in, not going to happen. Trade your US script in on a commodity based currency – Canada, Aussie, NZ, even Brazil, or Singapore for budget reasons, and you will be able to eat while the rest who played conservatively will go begging.

A shame really. Otherwise productive people will have to turn to shuffling the paper to make the PIPs to keep eating. As inflation hits, working hard, producing, ceases to pay.

The fuse will be lit soon for all of this. Be on board the Forex trading train in whatever form works for you, but grab a seat somewhere.

I am doing exactly as I recommend. Long BRL/USD, long Asia, long GLD and SLV in the physical form only. There is already such a premium on physcial gold and silver it even exceeds the buy and sell costs!

If you only learn one thing from me, learn that you only buy physical gold and silver. Yes, the CEF is more or less physical storage. Metal – gold or silver – in your possession will once again be a good means of wealth preservation. When you bank your forex trade profits…put them in metal.

Profitable day to all.