Editor’s Note: Today, we’re sharing an insight from colleague and master trader Jeff Clark. Jeff has been a professional trader for more than three decades. And according to him, the most tradeable market this year won’t be stocks, bonds, or commodities. It’s something else entirely. Read on…
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The most tradable market for 2023 is not going to be stocks.
It won’t be bonds either.
In fact, it won’t be any of the most popular assets like bitcoin, NFTs, oil, precious metals, or even agricultural commodities.
Of course, those markets will have their moments…
We’ll get brief spurts of volatility where traders will have some chances to profit.
But for all of those markets in 2023, traders are probably going to spend a lot more time on the sidelines.
The real action this year is going to be in currencies…
The foreign exchange market (forex) is the world’s largest. It operates 24 hours per day, nearly six days per week, and trillions of dollars are traded daily.
But for most of the past 15 years, there hasn’t been much of a reason for traders to pay attention to currencies. There just wasn’t much volatility.
Central banks around the world had the same objective when it came to interest rates – the primary driver of currency movements. And without volatility, there really wasn’t much opportunity to trade.
That has changed for 2023, and likely for several years.
You see, for the first time in over 15 years, the world’s central banks have different interest rate policies.
Some banks are aggressively tightening. Some are raising rates at a more measured pace. Some are leaving rates alone. And some are on the verge of lowering rates.
These differences are creating a lot of volatility in the currency markets.
That means there’s a lot of opportunity to trade… And a lot of opportunity for profit.
My colleague, Imre Gams, has been trading currencies profitably for years. In fact, it was one of his specialties at his former $300 million hedge fund.
I’ve been working with Imre for over a year now. Throughout this time, he’s impressed me many times with his insights on the markets.
So, when he told me the forex market was heating up… I made sure to listen.
In fact, he even encouraged me to take a small portion of my trading account and dedicate it to currencies.
Admittedly, I was reluctant at first.
My only experience with currency trading in the early 1980’s was unsuccessful. So I wasn’t enthusiastic about trying it again.
But it’s clear the forex market is different today than it was back then. It’s more liquid, and more transparent. It’s much easier for the smaller investor to trade.
To prove his point, Imre invited me to be part of a select beta testing group for a new currency trading service.
Over the past several months, I’ve been receiving Imre’s trade recommendations. I’ve seen how easy it is to move in and out of positions.
And I’ve seen how profitable it is… Across 21 trades, 20 have been winners.
So, I’m convinced… The most tradable market of 2023 is going to be in currencies.
It’s quite likely, in fact, that the forex market will be the most tradable market for the next several years.
I’m so convinced of this, that I asked Imre to sit down with me for a “Strategy Session” earlier this week. He explained the opportunities he sees to trade currencies, and the ins-and-outs of how to do it.
Even if we’ve never considered currency trading, I’d encourage us to hear what Imre has to say. We can watch the presentation right here.
Regards,
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Jeff Clark