Currency Trade

Currency trading is one exciting way of trading and short term investing that can be part of our investment portfolio or even our real world business.

Currency trading affects everything, our daily costs, our lives and even affects the profitability of many companies that trade on the stock exchange, adverse currency rates forced McDonald’s to shut down their business in Iceland after the country’s currency dropped to ridiculous levels, The Dollar-Yen rate dramatically affects the profitability of Japanese exporters who export to the US. And a rally in the Canadian dollar can have a domino effect on the Crude oil and spark a huge rally, the bottom line is that currency fluctuations and longer term trends really matter! If used for speculation and short term trading only they can be a great trading vehicle, here’s why:

Currencies make bigger and longer lasting trends
They are less volatile than stocks
There’s no stop loss slippage, your stop is guaranteed
You can add to a losing position with confidence as long as longer term trend is on your side, you can’t do that with stocks, volatility can make stock markets way too confusing, impossible to figure out their direction for many days
Currencies are more transparent as a market, there’s no central, obscure trading exchange

The idea that I find exciting about currency trading is that I have to analyze economies of countries and technical data on the charts, rather than balance sheets of companies and their charts that sometimes can be misleading. Currencies are of course an integral part of the financial system, as are bonds, stocks and commodities, you have to watch which way smart money is flowing, out of what part and into what part of this system. The well educated traders make a lot of money doing that, investors like W.Buffet are well known for their massive EUR/USD positions, not only they are always right but also, they hold onto to what seems to be a large losing position for many days, imagine the confidence these people have in their trades.

The fact is however that no investor is big enough to manipulate this market, or any market, this why big investment firms like L.T.C.M. or Barings Bank went bust after suffering big losses, a result of their bad trades. Sometimes these supposedly know it all analysts make worse trades than even amateur traders. There’s no reason to make so dumb trading mistakes, all one has to do, is first believe that these markets are indeed impartial markets, big in size, and can offer them opportunity to make money on.

There’s no reason to repeat the mistakes of losing traders, take the opportunity to see how real traders deal in currencies, see them do it live! You can watch serious, reputable services such as Traders International, learn from winning traders!

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