Thursday, November 13, 2008

ECONOMY- thrive or well don't eat

Well I just got my breath back wow. WE HAVE A BLACK PRESIDENT. No doubts about that its done. Anyway has anyone noticed what is going on in the markets. I'll break it down for you
1.)GAS SHOCK first to $4 + per gallon now its down to $2.
2.)GAS DEPEND SERVICES SHOCK: Truckers/Airlines got it point blank. Then it hit everywhere.
2.)FOOD PRICES-Yeah gotta eat.
3.)FINANCIAL SERVICES BLOWOUT: This one is almost never ending. Now its worldwide-
Europe economists commonly say a full recession is here.
4.)WITH ALL THIS DOOM AND GLOOM OPPORTUNITY HAS NEVER BEEN BETTER-ACTUALLY ITS EMBARASSINGLY EASY WITH FOREX TRADING, NAKED CALLS on EVERYTHING!!
Which brings me to LESSON #2:
This is borrowed from "forex.com
Currency symbols:
AUD - Australian Dollar
CAD - Canadian Dollar
EUR - Euro
JPY - Japanese Yen
GBP - British Pound
CHF - Swiss Franc
But thats not all they are paired together and traded as such:
EUR/USD = EURO to US DOLLAR(the main indicator of world trade sentiment)
GBP/USD = BRITISH POUND US DOLLAR
USD/JPY =US DOLLAR JAPANESE YEN
USD/CAD = US DOLLAR CANADIAN DOLLAR
EUR/JPY = EURO JAPANESE YEN
GBP/JPY = BRITISH POUND JAPANESE YEN(my personal favorite- it rallys and dives like a rabbit on drugs)
EUR/GBP = EURO BRITISH POUND
EUR/CHF = EURO SWISS FRANC
GBP/CHF =EURO SWISS FRANC
Get ahead of the game open up a demo (fake money traded on real market) account and
try it yourself.
Lesson #3 next week.

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