On 18th of August, 2008, I wrote about the dollar performance and the relationship between dollar and metal. Have you guys learn something from it?

This is a screenshot for GBP/USD that I posted on the last post.

I want to stress out about one thing. If you learned something from the post, congratulations. If you did not learn anything, I want to teach you again about it. When we said about trading forex long term style, this is the key point that you must know.

As we know, USD is currently climbing up the stairs eventhough it climb like a baby. If you monitor this graph on August 18th, 2008 and you know some story about the falling of Cable or GBP, you can make a cute profit on your investment.

Since 18th of August, pound were doing the worst. This is because the big impact on re bounced on this pair. The good source to know about the currencies story is Bloomberg. If you guys have Astro then watch it. Or you can always watch the live telecast on the internet.

• Bloomberg Currencies Story
• Bloomberg Live TV

Tips On Bloomberg Live TV

Please listen carefully for what the bank personnel told you in the television. Simple rules, the bank officer might be one of the fund manager or high ranked person. He/she knows what are the currencies that the bank traded. This tips can be applied to your trading. I’ve tried this before and now. It’s working for most of the pairs.

Great Britain economy are falling down. Dollar are strengthen. So in the long run, what is it? GBP/USD will drop and drop. So instead being an intraday trader, try to trade it on monthly basis rather than to pick up pair for the short term basis.

Profit of 1700 Pips

I hold a short position on GBP/USD last July and it was closed by limit function yesterday. I target 1.8300 for this pair. Eventhough I have to pay the premium/interest counted on daily basis but I managed to secured about 1700 pips. I will wait a few days maybe next week to short this pair again. Depending on the upcoming news as normally early of the month there are news to be announced.

So try to study the currencies and start with GBP/USD or EUR/USD. This is the easiest currencies as you can get a lot of resources in the internet. So what will happen later?

Related posts:

1. GBP/USD Is Down To Earth !!
2. How’s The Dollar Performance and How To Gain Money
3. Bush Is Smoking Weed
4. GBP/USD 1000 Pips Down
5. Short of Cash?