{"id":878,"date":"2008-12-05T12:42:24","date_gmt":"2008-12-05T16:42:24","guid":{"rendered":"http:\/\/club.ino.com:80\/trading\/?p=878"},"modified":"2008-12-11T16:52:26","modified_gmt":"2008-12-11T20:52:26","slug":"how-the-panic-of-2008-is-creating-more-wealth-than-ever-in-the-forex-markets","status":"publish","type":"post","link":"https:\/\/wwwtest.ino.com\/blog\/2008\/12\/how-the-panic-of-2008-is-creating-more-wealth-than-ever-in-the-forex-markets\/","title":{"rendered":"How the Panic of 2008 is creating more wealth than ever in the Forex markets."},"content":{"rendered":"<p>With Forex getting millions of hits on our site over the past few days I asked Bill Poulos from <a href=\"http:\/\/broadcast.ino.com\/redirect\/?linkid=861\">ProfitsRun<\/a> to give us his opinion on the Forex markets. Bill has recently released a number of highly educational <a href=\"http:\/\/broadcast.ino.com\/redirect\/?linkid=861\">Forex videos<\/a> and has over 30 years trading. Please enjoy the piece and watch his latest <a href=\"http:\/\/broadcast.ino.com\/redirect\/?linkid=861\">videos<\/a>.<\/p>\n<p>===================================================================<\/p>\n<p>By now, everyone has been well-schooled by the media on how dire the economic situation is in the USA, as well as globally. A massive credit contraction is in the process of wreaking havoc on one and all. After almost 70 years of non-stop credit expansion, the party appears to be over.\u00a0 The result is plunging stock markets around the world, a collapse in real estate prices, commodities, and even oil.\u00a0 Unemployment is moving higher, retail sales are off significantly, and the media has now announced what we already knew months ago - the economy is in a recession.<\/p>\n<p>Now, there is no denying that the situation is very serious and, of course, the government is doing everything they are capable of to stave off the contraction and the consequences of deflation.<\/p>\n<p>So the prevailing mood is one of \"doom and gloom\" \u2013 it's in the air, in the print media, radio, TV \u2013 you are programmed to believe that you are a hapless victim that can only hope for the government to save you.<\/p>\n<p>As for us investors and traders \u2013 the message is there is little you can do in this environment except wait for our stock portfolios to recover, which may take years.<\/p>\n<p>I strongly disagree with this notion and here's why.<\/p>\n<p>There is at least one market that offers significant profit potential right now, hour by hour, day in and day out.\u00a0 Whether you are a day trader or an end of day trader.\u00a0 And it should be no surprise that I am referring to the Forex market.<\/p>\n<p>The Forex markets have always offered great profit opportunities, but these opportunities get even better in times like these.\u00a0 You see, with all of these economic cross currents and pressures that are working against other investment vehicles, they actually drive even better profit opportunity than normal in the Forex market.<\/p>\n<p>For example, since this past July, the dollar has been in an almost unprecedented rally against other key currencies offering the savvy trader terrific profit opportunities.\u00a0 The EURUSD pair has fallen by 3500 pips or $35,000 per standard lot, the GBPUSD pair has fallen by 5000 pips or $50,000 per standard lot, and the AUDUSD pair by 3000 pips or $30,000 per standard lot.\u00a0 So while other more traditional markets are being decimated, the dollar rally has offered great opportunity.\u00a0 But only for those with eyes to see it and a trading method to take advantage of it.<\/p>\n<p>Make no mistake, there is plenty of risk associated with the Forex markets and for that reason you must have a good trading method to guide your trading that puts risk management first and foremost \u2013 because without it, you will lose.\u00a0 But to better put this into perspective, I often use the analogy of driving a car.\u00a0 Driving a car without understanding the rules of the road and without experience would be a very dangerous thing to do.\u00a0 But with the proper training and guidance, as you received when you first learned to drive, you were able to enjoy the benefits of driving by first paying attention to and controlling the risk of driving.\u00a0 I think of Forex trading in the same way.<\/p>\n<p>Whether you are able to trade a large account or small account, standard lots or minilots, the mechanics of Forex trading are quite straightforward and easy to do, again with the proper guidance.<\/p>\n<p>I believe anyone who wants to ditch the \"gloom and doom\" scenario and take control of the situation has the opportunity to do so by mastering a good Forex trading method that puts risk management first and in the process go from reliance upon others to becoming an independent trader.<\/p>\n<p>For an in-depth technical look at how to spot profit potential today in the Forex markets, click here for a free, 3-part video training series.<\/p>\n<p>Good Trading,<br \/>\nBill Poulos<\/p>\n<p><a href=\"http:\/\/broadcast.ino.com\/redirect\/?linkid=861\">Watch Forex Vidoes Here<\/a><\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>With Forex getting millions of hits on our site over the past few days I asked Bill Poulos from ProfitsRun to give us his opinion on the Forex markets. Bill has recently released a number of highly educational Forex videos and has over 30 years trading. Please enjoy the piece and watch his latest videos. [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[839,254,831,838,840],"class_list":["post-878","post","type-post","status-publish","format-standard","hentry","category-general","tag-bill-pulos","tag-forex","tag-forex-videos","tag-guest-blog","tag-profits-run"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v23.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How the Panic of 2008 is creating more wealth than ever in the Forex markets. - INO.com Trader&#039;s Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ino.com\/blog\/2008\/12\/how-the-panic-of-2008-is-creating-more-wealth-than-ever-in-the-forex-markets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How the Panic of 2008 is creating more wealth than ever in the Forex markets. - INO.com Trader&#039;s Blog\" \/>\n<meta property=\"og:description\" content=\"With Forex getting millions of hits on our site over the past few days I asked Bill Poulos from ProfitsRun to give us his opinion on the Forex markets. 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