Over the past few months, the focus in the FX space alternated between a likely Fed rate hike to a possible Grexit to the woes in China. Justifiably, all of those matters will undoubtedly shape the dynamics and future trends of FX. But while the FX market has been busy focusing on the major currencies, opportunities might be passing by.
It may be that FX investors are missing some long-term value trends that could be rewarding if one exercises patience. One of those trends is the Indian Rupee. The Rupee's been hidden from center stage but is gradually being positioned into a long-term bullish trend. Now while that does pose some risk, it could become worthwhile for those willing to engage. So why now is the Indian Rupee on the verge of becoming interesting? Continue reading "Indian Rupee: In It For The Long Haul?"→
Looking back on Roosevelt's speech in 1933, 4 years after the infamous crash of '29, he was referring to the economic conditions of the time -- better known as The Great Depression. In essence he was saying that if we can't shake our pessimistic economic outlook, it will be tough to turn things around.
The question is... are things different this time?
The answer is yes and no. People are still fearful of what the future holds and they have very little confidence in the economy. The big difference between the crash of '08 and the crash of '29 is that we now have India and China on the world stage. Back in '29, both of these countries were not on the radar. In fact India was under British Rule.
Both India and China's economies will suffer with the turn down here in the US. They are now going to have to generate their own domestic consumption patterns for the goods and services they formerly sold to the US. This is going to be hard to do as so much of their economy is based on exports which are evaporating quickly.
The fact of the matter is that the markets are extraordinarily turbulent. We do not expect, even with the worldwide bailout, for things will be rosy again anytime soon. However, that does not rule out some extraordinary trading opportunities in the markets. This is a time for rational thinking. It is also a time to eliminate fear from trading.
There is no need for fear in one's trading plan if you're running with a diversified program that has proven to be successful over time. What I mean by over time is not just the last six months, or six years, but over a long period of time I mean as much as 30 years.
When you have a program that puts the odds on your side, you can trade with confidence knowing that you're going to lose some small skirmishes in the market, but overall you will make money based on your own trading decisions.
I've put together a short 12 minute video to show you how we have fared in three different markets using this technology.
For a small percentage of you, this video will be an eye-opening experience. For another percentage of you, you are already fearless MarketClub members. There will also be some of you that are successful traders using your own system, and there is probably no need to watch this video.
Trading should be an unemotional experience. If you are trading for the excitement, odds are you're going to lose. If you are trading just to say that you trade, you're probably going to lose. If your trade for any other reason than to make money, you're probably going to lose.
The possibility of successfully trading any market is out there. This video will show you how our unemotional, time tested approach to the stock, future, forex, etf, and mutual fund market will put the odds in your favor that you are on the right side of these extraordinary trading times.
"The only limits to our realization of tomorrow will be our doubts of today."
Franklin D. Roosevelt