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Killer A/J short last week so what to do now.

Short the E/U NOW !!! 1.14 are you kidding me? This short is a walk in the park.
I also like shorting the N/U and the A/U. I would seriously stay away from the cable right now. The short on the A/J was a total rout last week. 2- 4% for several of us.

Live Trading Room call of the day EUR/USD

Short at market around 1.1400 or higher. Rationale: I like contrasting weak currencies with strong ones. EUR is still a mess with high unemployment, refugee crisis, Brexit looming, VW $10-15 B crisis. The US is looking for two rate hikes in H2 2016. Strong employment numbers. Should get 100 pips

March 21 – State of the Money Address

I still like the AUD/ USD and NZD/USD for a short even though iron ore prices have rebounded a bit. There is a fundamental lack of China’s demand for steel and the AUD is over valued making Roo meat as high as a Giraffe’s butt.

Also short the EUR/JPY and the EUR/USD. (Sorry no butt jokes, Insert your own here)

I would be very cautious of GBP crosses right now. I would like to see more stability, yes the brexit is probably priced in and yet BOE comments were more dovish and yes the Cable is at a 30 yr low which would make one think bullish. Let’s see how the retail sales pan out this week. I am sure the Brits will get it going again. Just when is the question – perhaps after the brexit plays out.

This Thursday is a heavy news day.

See you all on Tuesday on the webinar. If you would like check out one of our webinars, please give us a call at 512-522-8640.

Warm regards,

Mike Gould

Currency Trading Training, If you want to Grow your Money by 20%, Call a Teacher Now at 512-522-8640.

March 13 2016 State of the Money Adress

I think we finally have a pivot point for the USD. According to Morgan “We expect the Fed to keep rates on hold next week while lowering median forecasts on growth and inflation. That said, we are only expecting the Fed to lower the median 2016 dot to three hikes from four currently, stressing data dependence. Should the US economic data continue to improve, labor markets continue to tighten, and financial conditions loosen with the help of ECB and BoJ policy, the balance of risk is that markets scale forward expectations of Fed tightening rather than back in the coming month, supporting the dollar.”

This should be outstanding new for the shorts for the Roo. This pair is so over priced it is truly amazing.
As usual I like shorting the EUR/USD based on S/R levels like now. Short short short.

The JPY will begin to gain ground as repatriation takes hold. So all you short AUD/JPY’ers should be fine in a week or two. Just remember to hang in there and spread your scales they way we taught.

Roo shorts, look at EFX plus major bank predictions – holy spam! 0.67. 0 67, 0.70, 0.69, 0.67, 0.66

Trade of the week – OMG did you all catch those EUR/USD shorts – incredible. I know my good friend and wonderful firefighter, Bill did one of them. Great job “Feel the burn Bill”. LMAO – oh snap that’s not funny to a fireman.

GBP – oh boy, sad story there. the Brexit risks remain a risk element for this currency. I am very cautiously long on the Cable b/c of how under valued it is and yet how weak it is. 30 yr lows you know. I just think there are so many other sweets ops out there; I would avoid the Cable and the E/G for a while.

I like a short EUR/JPY at market now !!! Sell sell @ 126.97, Tuesday I will be saying “told ya so” It is sitting at the big fat 127.00 and at a nice S/R level.
Hear me now, believe me later !!! LOL. See you all on Tuesday.

What is foreign currency trading and why is it so popular?

Flexible schedule? Less complicated than other investments? More money in less time?

All the trainers here also trade, and it is unanimous – yes to all 3 questions with the top answer is all about schedule. No matter the experience level from rookie to experienced stock or commodities trader we get the same answers from our trainees.

We will share with you in this article the detail and rationale behind these 3 popular answers. Before such time let’s make sure everyone understands the basics of foreign currency trading.

What is Foreign Exchange Market?
The Foreign currency exchange market is also referred to as “FOREX” or “FX”. It’s the largest financial market in the world, with a daily average turnover of US $4 Trillion. This is 30 times larger than all the world’s stock markets combined. IT IS MASSIVE.

“Foreign Exchange” is the simultaneous buying of one currency and selling of another. Currencies are traded in pairs, for example Euro/US Dollar (EUR/USD) or US Dollar/Japanese Yen (USD/JPY).

There are two reasons to buy and sell currencies: international commerce and speculation. About 94% of daily volume is from companies and governments that buy or sell products and services in a foreign country.

Here’s simple example:
Let’s say you want to buy a container of cars from a Japanese manufacturer. You have to send US Dollars to XYZ corporation’s bank; that bank converts the US Dollars into Japanese Yen. XYZ corporation now has the money in Yen and pays it’s suppliers and workers in Japan.

The other 6% is trading for profit, or speculation.

For speculators, we believe the best trading opportunities are with the most commonly traded (and therefore most liquid) currencies, called “the Majors.” More than 86% of all daily transactions involve trading of just 4 Majors: US Dollar, Japanese Yen, Euro, and British Pound which is our focus in our Forex training school and our Forex day trading course.

Flexible schedule?

Absolutely ! Forex is a true 24-hour market opening Sunday 5:00 PM ET and closing Friday 5:00PM ET. It is not a 9:30 AM to 4:30 PM effort; so, many students use Forex as a second or part time job, working from their home on the internet. The best thing we think is you can at times “set it and forget it”.
Our approach is to make the Forex work for you – you set entry points and profit settings so you don’t have to be tied to a computer all the time.

We teach you in our Forex trading school ONE-ON-ONE how to:
Set audible alarms for potential entry points
Set entry orders to automatically place a trade
Select and set limits to automatically take profit

And with wireless speakers, you can so be in another part of the house or outside playing with the kids, working out, knocking off some “honey do” items. Also with smart phones and air cards, you can trade off your smart phone app or your lap top.

You don’t necessarily have to be tied to your computer for hours on end.
Here are 3 high volume trading times: (all times are EST)
8:00AM to 11:30AM
4:00PM to 8:30PM
1:30AM to 4:00AM

In our Forex training school, we teach you NOT TO CHASE but let it come to you on your terms. Some of our students have seasonal jobs or slow times and want to make a little extra cash. Stay at home parents, teachers, contractors, sales professionals have taken advantage of our Forex trading school and have mastered our Forex trading secrets.