Bleeding Edge

Over my 14 years as a forex trader, I've learned to distinguish phases of behavior in currency pairs to book consistent, solid gains. Here's how you can as well.

Since 2018, the price of a dozen eggs has rocketed an astronomical 254%. Accidents in our nation’s food supply only accounts for a fraction of that. The real culprit is our current administration’s failed pandemic policies and steadfast opposition to U.S. energy independence.

But the Fed’s move had an unexpected side-effect. Because it set the stage for the currency – or forex (short for foreign exchange) – market to make a big comeback.

The latest jobs report boasted an addition of more than half a million jobs. But the headlines fail to mention the suffering of small businesses, major corporate layoffs, and other recessionary indicators on par with the Global Financial Crisis.

As a trade develops favorably, I’ll look for opportunities to reduce risk. This involves raising the stop loss for the trade.

The U.S. just shot down a Chinese spy balloon off the coast of South Carolina. And several others have been seen above U.S. soil. It's a chilling reminder that the U.S. and China may be on course for an all-out military conflict.

The movements we’ve seen in currency markets—and the trading opportunities—are unlike anything else I’ve seen in my career. But the truth is, most folks have never heard of currency markets… let alone considered trading it.