Press Release: U.S. Financial Default Decision Expected to Cause Big Waves in the Forex Market
LAKE MARY, Fla. (October 10, 2013) – The United States government shutdown and world-wide pause for its response to the International Monetary Fund’s warning about the pending default less than one week away is expected to do more than spark discussions within agency walls. The pending decision is being watched by world-recognized Forex educator, Market Traders Institute as it predicts a potential for thousands to be made in six USD currency pairs.
“A decision must be made. IMF already made this clear. All we’re saying is to not be surprised whenever a decision is made and we see big market movements to match the weight of the decision on the country and currency alike,” said Joshua Martinez, head analyst at Market Traders Institute. “Traders just need to make a plan now and put it on reserve. The plan should say when the right time to get in, how much they want to make and how much money they will risk to hit that financial goal. This is what every smart trader does when they think about a trade. The key here is to plan out a little farther ahead so that you can act as soon as the U.S. does so you can hit the money wave at the beginning.”
The U.S. has two options. The government is expected to either default or raise the debt ceiling in a compensatory effort to correct the looming issue. Whether one of these decisions is made within the next few days or a left-field decision is constructed, Forex traders are prepared for monumental movements. Every once in a blue moon, huge national events take place that send the currency markets scrambling and prepared traders can act in an educated manner and come out on top.
In the past, Forex trader Jared Martinez made nearly $1 million in three weeks as he traded Japanese yen currency pairs after Japanese Prime Minister Ryutaro Hashimoto resigned from office in 1998. Furthermore, a recent earthquake in Japan created movements so large that traders saw the opportunity to make more than $10,000 in one day’s time due to high volumes of market movement. The same level of movement is expected to come from the U.S. decision later this week.
“I’ve seen this happen before. While most people scramble to save their currency investments, traders who have a variety of scenarios planned out have the chance to act the second the decision is dropped,” said Jared Martinez, founder and CEO of Market Traders Institute. “The trick to placing incredible trades that earn you $10,000, $50,000 and even more is just recognizing that this decision is going to have a large impact and that you must prepare sooner rather than later. Timing is everything.”
Market Traders Institute, Inc. has been assisting traders from around the world in improving their Forex trading abilities for more than 19 years. Through streamlined method of teaching traders from all walks of life to strategize and trade currencies effectively, it prides itself in helping traders become independent and confident in making effective trading decisions.
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