First I apologize to all for being away for so long. Enjoying a break during the Holiday season, not a bad idea for most traders to slow down about now. Now is a good time to catch your breath and reinvigorate for 2009. I still trade during the Holidays but I scale back a bit. Good pips to be made for sure, but good pips to lose very quickly also. Traders just be careful!
So the never ending gloom and doom continues everywhere. The US Feds just lowered the rates to nothing and it looks as if the other Central Banks will leave the rates unchanged or lower them. What does all this mean to the forex trader? It means look forward to lots of volatility in 2009. Grail traders be prepared to make some serious pips. For those of you wishing to become Grail traders the time is almost near. We have streamlined The FXGrail and the new site should be up by the new year. We apologize about the wait.
Where does the dollar go from here? As I have stated before, it does not matter much to the grail traders. Wherever it goes we will go too! With that said I found this article to be very insightful take a read here: Kiss The Dollar Rally Goodbye!
Wednesday, December 17, 2008
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