Huge Forex Profits

I made a prediction almost a year ago, at the height of the anti-dollar sentiment, that the Euro had peaked at nearly 1.56 dollars to 1 euro. I made that prediction based on the fact that the financial problems of the US were known and being dealt with while Europe had their head stuck in the sand. While I am not a forex guru, I did predict that the Euro would begin falling. No one believed me.

The dollar is now up 15% against the Euro. With banks failing in Europe right and left, many countries were caught completely unaware and without a strong system to support Europe wide banks, each country is trying to do what they can and unfortunately it is not all coordinated. This is all weighing down on the Euro and there is a good chance that it will continue to depreciate against the dollar.

If you would have gotten in near the highs of the Euro with a long term Forex position, guess how much your rate of return would be right now? $1000 investment in a 50 to 1 position would have netted you a gain of more than $5700. That’s a570% return on your forex investment, can you believe it? Talk about Forex profits! It’s amazing!

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