Big Profits In Currency Markets
The Dynamic Wealth Report
May 2, 2008
A World Of Profits
Do you know what the largest market in the world is? It’s the trading of
global currencies. More than 2 trillion dollars is traded every day. Let
me put it in perspective for you. That’s more than all of the stock
exchanges in the world . . . combined.
Understandably, the currency market is the most competitive in the
world.
You can literally trade currencies 24 hours a day 6 days a week. The
market follows the sun around the globe. When the Tokyo market starts to
close, London markets open. New York markets take over when London shuts
down. Then as New York trading ends, Tokyo starts up again.
The markets trade all day every day. You can find currency trading not
only in the major markets like London, Tokyo, and New York, but in
smaller markets all over the world.
The most exciting part of currency trading is the profit potential.
Fortunes can be won and lost in a matter of moments. Currency
trading has been around for ages and some of the stories are the stuff of
legends.
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In my mind, the best stories are always true.
My favorite currency trade comes from ancient history. In June 1815 the Duke of
Wellington was battling Napoleon and the French army at Waterloo. The
famous banker Nathan Rothschild had agents closely monitoring the
battle. With the mighty French army headed for defeat, they rushed a
secret communiqué to London.
Legend has it that Rothschild first started selling the British Pound. This created quite a stir. Other traders noticed the famous banker
selling. Thinking he knew something they didn’t, they quickly started
selling in a frenzy. The British Pound reached new lows. Suddenly,
Rothschild’s agents started buying at the very bottom.
He took a huge position in the British Pound. When news of the British
victory at Waterloo reached London later that day the Rothschild fortune
was cemented.
Currency trading these days can be just as exciting.
At one time these markets were only open to professional investors. You
needed millions of dollars just to participate. Those days are behind us
now. Investors with as little as a few hundred dollars can capitalize on
some of the global trends in the market place.
The introduction of currency ETFs have made trading easy. No longer do you need to worry about the futures markets, leverage,
margin calls, or trading pairs. It’s very straightforward for any investor to take a
position in a particular currency.
But it gets better.
Every day, new currency ETFs are being introduced. Just yesterday I
received information from WisdomTree Investments. They’ll be launching
five new currency ETFs later this month. Of the five ETFs, three are
new, providing easy access to currencies like the Indian Rupee, Chinese
Yuan, and the Brazilian Real.
The official names of these products are: WisdomTree Dreyfus Chinese
Yuan Fund (CBY), WisdomTree Dreyfus Indian Rupee Fund (ICN), and
WisdomTree Dreyfus Brazilian Real Fund (BZF).
As you know, I’m always looking for easy ways to profit in the market.
The currency markets are influenced by global economics. By identifying
trends in global economies, savvy investors can profit
from the eventual appreciation (or depreciation) of the currency.
For more aggressive traders, options on currencies can be a great way to take
advantage of these trends. You get the enormous profit potential of
futures currency trading without the unlimited risk.
In our new trading service, Currency Options Insider, we've been using
options to profit from the temporary strength in the US Dollar. The Fed's
latest moves are creating some unique opportunities in the world's currency
markets. For more information,
click here.
• NO2 Micro (OIIM) received upgrades from Piper
Jaffray and Roth Capital. The Company provides semiconductors for power
management.
• First Solar (FSLR) was downgraded this week by
Oppenheimer. The stock’s rallied more than 4% since the announcement.
• Lehman initiated coverage on Visa (V) this week with
an “Equal Rate” rating. Whatever that means.
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