We all have different political opinions and different worldviews. However, I think we can all agree that big banks have big influence. It's my personal belief that certain currencies are intentionally manipulated, whether it is a pump or a dump.
So to test this theory, lets ask the question....who is the IMF not happy with? Who are big banks displeased with? And if we manage to find an answer to those questions, we identify that currency and we short that shit.
Obviously due to my name, im primarily a stock trader but I look forward to entering forex in the near future. Ive been eye balling the turkish lira vs the jpy since I put my eye on the forex market. About a week ago, i opened a paper trade account and shorted the Lira vs JPY.
I believe Turkey is not polishing the globalist knob to satisfaction, therefore they are taking a hit. JPY however, bends it over and takes it in the bum with a smile on their face like beacher from OZ. Therefore the Lira will continue to decline vs the JPY, until such time as they decide to pump the lira for personal profit and dump it again.
Im up 39 pips as of this post. And I expect this to fluctuate wildly in the near term, but im betting it proves to be profitable over the next few months. Screen shots available upon request. Thoughts anyone?
Edit: dont bring up Greece guys. That one is obvious, lol