Income-Trader

try the Norwegian kroner

Buy AUD. It’s undervalued and for the past 2 weeks it’s been fluctuating betweeen a few percent each time (eg. AUD/SGD has gone between .96-1.0 about every 2 days. Buy around .97 and sell at 1.0: if it’s $100,000 you’re making 3% at least every 2 days. AUD’s been fluctuating in the same direction as the world’s stocks, so if you see the markets rally after this weekend’s G20 meeting you’ll see AUD rally, then confidence will fall soon after (usually within a day) and the markets & AUD fall too.

I’ve placed my order for .94 to test if it really falls that low, but it’s unlikely so I’ll buy as high as .97 if there’s not enough downward pressure.

What is the project? To invest in Forex? Forex is complex it is not something you just put money in and leave it for 6 months, especially in this economy. You will need keep an eye on the market, and you can make your money. I use FXCM.com They give you everything you need to know, most of it for free. One hint, if you are familiar with the charts, use the simple moving average and the bolanger bands, you can make your money easily. Good luck.

Trade EUR/USD – they are the most traded and usually the most predictable.