This weekend, I attended the MoneyShow in Orlando, Florida.
The MoneyShow is a popular investment conference packed with some of the industry’s biggest names.
Among the speakers were Christine Benz, director of personal finance for Morningstar, and Steve Forbes the chairman and editor-in-chief of Forbes Media.
Money managers, retail investors, and traders will all come to the MoneyShow to find out what the world’s leading experts think is going to happen with the economy and the markets.
Besides the keynote speakers, the MoneyShow has several different presentations all going on at the same time.
But it wasn’t the presentations themselves that I was interested in…
In fact, it wasn’t even the keynote speakers that drew me to the MoneyShow in the first place.
The real reason I wanted to go was to sit back and observe… and see if there were any clear trends in terms of what the attendees wanted to hear more about.
I assumed that folks would flock to talks about the economy and the Fed.
And while there was a bit of interest there, most of the attention seemed to be on trading presentations.
There were several speakers that focused on income-generating trading strategies. Many of their rooms were almost full.
But one presentation was completely full.
All the seats were taken… and even more people were lining up to try and get in.
I was shocked when I found out the presentation was about forex.
I’ve been trading forex for a very long time and the truth is that it’s never been as popular as trading stocks.
But it looks like that’s about to change…
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The Fed has brought about the biggest shift in monetary policy we’ve seen in over 14 years.
A new war is here, and most people don’t even know it.
But instead of drones, cyberattacks and missiles, the battleground is money.
Countries around the world are desperately trying to protect their own currencies against a surging dollar.
What happens over the next several years will change money as we know it today.
I have no idea if that means cryptocurrencies are going to be at the front of a new money regime, or if the dollar will maintain its status as the reserve currency of the world…
But what I do know is that there isn’t a better time to start getting familiar with forex… Especially with how the bond and stock markets continue to be turbulent.
The biggest advantage trading forex will give you is that it’ll protect you against a lot of the volatility that’s rocking other markets right now.
In trading terms, I like to say that forex is uncorrelated relative to the broader market.
Whether a currency is going up or down, it’s just as easy to be long or short.
So, even if the stock market makes a tremendous recovery, there’ll still be forex trades to take advantage of.
And when the market is crashing, successful forex trading can help offset some of the losses in an investment portfolio.
Happy trading,
Imre Gams
Analyst, Market Minute
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