You may have noticed that I haven’t written a blog post recently. That’s primarily because…
…like…to my wife.
I have a wife, now.
The Honeymoon is Over
We returned home from our 2-week honeymoon which included a nice combination of tourism and relaxation. We visited Greece (Athens, Santorini, Crete) and Turkey (Istanbul). I’ll dive deeper into the dream I’ve been living; but first, I wanted to use the trip as an educational opportunity.
The Dollar is Weak
As you’re scrolling through different news articles, you have probably noticed headlines that say the “dollar is weak” or the “dollar is strong.” Unless you are familiar with Global Forex Trading, you probably don’t pay much attention. But, you should.
The value of our currency affects everything, but the value is meaningless by itself. It must be expressed relative to something else – most often, another currency. Miss Blinkin and I got to witness this relation (exchange rate) while we were traveling abroad. As the dollar weakens against the Euro, our money doesn’t go as far while we travel around Europe.
Something else I have to add…
A lot of people don’t fully understand Gold. They think that the precious metal is something to invest in when all the alternatives look scary. But, Gold is also a hedge against inflation. Think of it as a currency and compare it to US dollars. Over the last 40 years, Gold has gone from $40/ounce to $1500/ounce. Is that because the demand for gold has increased dramatically? No. It’s because the Federal Reserve has decided to print money like it’s going out of style. Because of this fact, I think Gold is a must-have for every long-term investor.
Why am I telling you this?
As a way to profit, duh.
Global Foreign Exchange Trading
Trading currency can be a great way to make money. The Foreign Exchange is a market that never sleeps. Due to different time zones in different countries, you can theoretically trade any hour of the day.
Another advantage is that there is no such thing as a “bear market.” You know those times when people are scared of stocks and nothing seems to be moving? Currency values are always changing. If you think a currency will appreciate, buy it. If you think a central bank (Federal Reserve, Bank of Japan) will endlessly print money, sell it.
Have you ever thought about trading Forex?