Getting Back At It

It's been a wild ride but it's time to get back to posting and helping everybody make some money in the forex world. The first of the year will bring new posts and info to help you profit from currency trading. Have a Merry Christmas and get ready to make some Pips!

Easy Money

Easy grail trading lately.  It's like taking candy from a baby.  Economic downturn?  Not for The FXGrail traders it's not.  Wait for the trade, execute the trade, and make the pips baby!

It's been awhile!

It has been awhile since I posted here at Forex For Profit.  What a crazy ride the last year in the forex markets.  A ton of cash has been made as the currencies have really been moving and setting up grail trade after grail trade.

Looks like the demise of the Dollar and the rise of the Euro was a bit premature.  Who told you it was all a bunch of nonsense when the "experts" were spewing about the Euro becoming the world currency.  We did here at The FXGrail.

We will be posting more as time permits and sharing some FXGrail trades with everyone so we all can make some forex cash trading currency!

Back At It!

Hello everybody we are back to blogging on the forex market. It has been an interesting winter as the USD has had strength so far this year. Reasons for this are quite simple, the USA has done a better job than the European Union during the global recession. With countries like Greece needing bailouts the USD should retain it's strength for some time too come.

FX Grail Trades

Looking at the forex charts tonight I see numerous opportunities setting up. There are a few nice Grail set-ups that we will be monitoring. We only trade forex when the charts tell us to. No need to force a currency trade as opportunity comes when it comes. The key to forex trading is patience and a plan. That is it.

We have issued this warning before and will do so again. *Please be careful forex trading during the holidays as there are some quick and violent swings due to lack of liquidity in the forex markets. At the very least make sure you have your stops set.

Dollar Strength

A little bit of greenback strength the last couple days. What do we make of it? Who cares. Trade it as you see it and make the pips. The carry trades have been very kind to The FXGrail as the holidays approach. Will be happy holidays for all Grail traders as the carry trades presented us with some beautiful trades. Like taking candy from a baby!

Very Interesting

As you know we at The FXGrail like to keep your brains thinking all the time. Here is an interesting take on the Bear Stearns free fall. Makes you think doesn't it?

From RollingStone
Oct.14, 2009

Wall Street's Naked Swindle

A scheme to flood the market with counterfeit stocks helped kill Bear Stearns and Lehman Brothers — and the feds have yet to bust the culprits

MATT TAIBBI

On Tuesday, March 11th, 2008, somebody — nobody knows who — made one of the craziest bets Wall Street has ever seen. The mystery figure spent $1.7 million on a series of options, gambling that shares in the venerable investment bank Bear Stearns would lose more than half their value in nine days or less. It was madness — "like buying 1.7 million lottery tickets," according to one financial analyst.

But what's even crazier is that the bet paid.

At the close of business that afternoon, Bear Stearns was trading at $62.97. At that point, whoever made the gamble owned the right to sell huge bundles of Bear stock, at $30 and $25, on or before March 20th. In order for the bet to pay, Bear would have to fall harder and faster than any Wall Street brokerage in history.

The very next day, March 12th, Bear went into free fall. By the end of the week, the firm had lost virtually all of its cash and was clinging to promises of state aid; by the weekend, it was being knocked to its knees by the Fed and the Treasury, and forced at the barrel of a shotgun to sell itself to JPMorgan Chase (which had been given $29 billion in public money to marry its hunchbacked new bride) at the humiliating price of … $2 a share. Whoever bought those options on March 11th woke up on the morning of March 17th having made 159 times his money, or roughly $270 million. This trader was either the luckiest guy in the world, the smartest son of a bitch ever or… Read the rest.........click here.......