I’m going to share with you some of my free currency trading information. This is a great market to get into because of over the three trillion dollars a day in trades. There is an amazing potential for ordinary Joe’s to make a great profit.
Buy On The Exit
Have you ever caught yourself looking at a currency and going “That’s cheap, I should buy.” Well, that’s a problem. Anyone that is in the business of trading, should never look at the buy price. The buy price is irrelevant, it is the exit price that counts. The exit determines your profit and that is all that counts. You need to buy currencies that you can sell for more in the future. There is simply no way around that logic. If the exit is unsure, than no matter how cheap the buying price of a currency is, it’s not worth it. If the exit is 15% higher than an already expensive currency, than it’s a great buy, regardless of the price.
The Federal Reserve: Supply & Demand
The Federal Reserve is the central bank in the United States. Most people would of heard that this bank changes interest rates to control inflation, but what they’re really doing is changing the supply of money in the economy. As an economy grows, money needs to be added into balancing out the demand for money. The Federal Reserve is faced with this challenge and it rarely gets it right. An interest rate cut, signifies more loans, and more money going into the economy. An interest rate raise, signifies less loans, and less money going into the economy. As more money is added, currency goes down. As less money is added, currency goes up. Very simple supply and demand.
By: Charles Nash
I’m currently giving a 7 day free forex course. Newbies and experienced are all welcome. If you’re interested in participating, check out the Casual Forex Trader.
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