Question by valgraphies: What is the secret to successful forex trading?
A complete newbie to forex trading, I am having difficulties figuring out where to look for information, but also what exactly to look for. Commodities? Bank quarterly results?
Answer by Jason Alexanders
I think you need to decide whether the US is fundamentally flawed (like we’re going to do the printing press).
Since loans have been greatly reduced and the money supply will thus shrink, I expect the dollar to appreciate in value.
Thus if I was investing in Forex, I’d be most interested in the US dollar index and maybe even the Canadian dollar.I’d short the Yen and the Euro.
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