High Risk Investment Warning: Trading foreign exchange and/or contracts for difference on margin carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss in excess of your deposited funds and therefore, you should not speculate with capital that you cannot afford to lose. Before deciding to trade you should carefully consider your objectives, financial situation, needs and level of experience. You should be aware of all the risks associated with trading on margin. The content of this Website must not be construed as personal advice.

Nov 5, 2008

It’s all over the news but I just wanted to announce in the forum that the US has a historic new president in Barak Obama. The Euphoria of this event will continue within the week and based on what’s been happening this week, it is definite that the market has completely priced in the job losses coming out this Friday for Non-Farm Payrolls. As such, the USD will now continue up after a dip in the past few days. The Dow will continue to rally (at least until this week) Technically though the rally of all Non-USD majors is reaching resistance levels and is due to return back to trading within the channel.

Prudence however will always be advised.

Monsterpips to All!
-Mark

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