With the action by Federal Reserve to cut interest rate again but this time by a mind-boggling and panic 75 basis points, perhaps the investors who made great money out of it were currency traders. Since Ben Bernanke begun the rate cut program in 2007, it was a smooth ride for currency traders to just short US dollar, sit and watch their trades make money. Just like in stocks market whereby you can leave your money to the professional to manage it should you feel that you don’t have the time or expertise to do it yourself, you could get the professionals to managed forex account as well.
There’re many forex players in the market who would gladly manage your account. For example Pro Financial offers up to three trading strategies namely Premier, On Target and EurAsia. The Premier was a trading system specifically for long term approach with the objective to create diversification. On Target trading system on the other hand was actually a swing strategy to capture market swings on major currencies such as GBPUSD, EURUSD, GBPJPY, and EURJPY.
Meanwhile the EurAsia strategy is a day-trading method focusing on the moves of the Asian and European currencies during their trading session. All three trading strategies require minimum deposit of $10,000 with trading fee ranges from $6 to $25 per $100,000. Besides free forex training, Pro Financial also offers live support for its members. However please note that any type of investing, be it stocks, forex, options, gold etc, carries certain level of risks.
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January 27th, 2008 by financetwitter
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Comments
Before jumping into currency trading, you may want to practice first with a free account through someplace such as fxdd.com.Get more details about this at: http://themoneykings.com/blog/currency_trading
Before jumping into currency trading, you may want to practice first with a free account through someplace such as fxdd.com.
Get more details about this at: http://themoneykings.com/blog/currency_trading