Now That’s What I Call A Good Investment!

Written by: Dave Green • Tuesday, July 24, 2012 • 2 min read

• Last updated: Tuesday, July 24, 2012

A few months ago when the Euro has just started its massive downfall from 1.3100, I wrote an article that described the upcoming opportunity of going short on the Euro-Dollar. Many of the analysts and Forex experts, including my colleagues in other leading news portals and trading rooms predicted that the Euro was heading for an enormous crash, being only at the beginning of a severe fall. Greece, Italy and Spain showed clear signs of depression, while the FED and the European ECB tried to find new solutions for the growing dept crisis in Europe, as well as in the rest of the world.

I personally forecasted here in my blog that it was fantastic timing to go short on the Euro-Dollar for a long term investment, but I honestly didn’t think that it would go on such a long ride to breaking a 2 year low, moving under 1.2220 and reaching a 1.2100 record!

Traders that went short on the Euro-Dollar, could have made a fortune in just a couple of months, and I'm talking about thousands of dollars on a single trade (!), depending on their level of risk and initial deposit.
Let's take a look at a Euro Dollar weekly chart:

Just to be clear on that, if you entered a SELL position with 1000 Euros and x20 leverage on the Euro Dollar on May the first, and exited yesterday, you could have made a couple of thousands Euros on a single trade! Now that's what I call good investment!

As I always say, the world of Forex Trading offers countless opportunities for quick profits. We just need to grab them!

Currently, the Euro Dollar is testing the 1.2100 area, looking for a new direction for the next few days, which will give us a clue on what to expect in the rest of QE3. As for today, the majority of traders are bullish on this major, looking for a correction up, which will delete at least a small part of the recent losses.

Trading Tip: Always choose more than one time-frame to examine Forex charts. 15 min. chart, 30 min chart, 1 hour chart and 5 hours chart are all good options to analyze the same currency pair.

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