FOREX Buying Opportunity From Brexit, Don't Waste It

Historic lows, with only a possibility of further devaluation is creating a nice potential to scoop up some currency at great prices. I think, but am not betting there will be at least three months window or so of poor performance to give us opportunists (vultures) an opening to direct our portfolios to some healthy growth potential over the next 2-5 years in the currency market. Even better if others decide to bail out. If you need to take a little bit of profit in your bullion to make it easier go for it. I am confident gold will end the year around 1350 and silver will refuse to break $18 +/- a nickel .

I am by no means a wealth advisor or broker or industry player in any way. I am an amateur that simply self directs my portfolio while continuing to educate myself in the field. And I have been doing better gains since I self directed. Even mitigated the damage from last years 3rd quarter stock shock and barely lost any value. Be confident in what you learn and don't be too nervous to take some moderate risk. Just make sure you maintain enough liquid assets to cover your ass people.

Seriously, this is an opportunity though, don't squander it.

a reply to: AmericanRealist

The pound sterling is still estimated to drop another 10-15% within a week or 2. Buying right now really isn't a good idea unless you plan on the long haul. The quick cash will be made once the pound settles at close to the same value of the dollar.

a reply to: Vector99
When was the pound last considered anything but a long term investment? If ever, actually.

a reply to: Phage

mid 80's?

Well... before i consider investing the 2 mill i do have, i believe i'll have to ask my adviser first.

a reply to: AmericanRealist

Well most of the peoples that claim to make from the Currency casino or Shares or derivatives loose moneys and try to make from scamming others to play within their little club. It is a chance game and you do not know how low it will go and when it will recover.. So best of luck to you and a big beware for others to be careful at the casino and only play with what you can afford to loose.. No offences intended and peace to you..

a reply to: AmericanRealist

Thank you for the information and opinion. It adds to the knowledge pool that helps separate the reality of playing the market from the reality of playing the slots.

In my opinion, the people who make the market/casino comparisons are the one's who don't know that the more financial and market knowledge you have, the less it is similar to gambling.

Again, thank you for your input.

a reply to: AmericanRealist

Just a friendly reminder that if you have any debt whatsoever it makes zero sense to invest, especially in low yields like this. Debt will always outpace your investments percentage-wise.

I would not mind buying up some of that freedom tho.

a reply to: Vector99

Yea I don't really do this for quick cash. I do it to add growth to my IRA. No reason not to make regular purchases until the bottom. I prefer the "buy on the way down" route, rather than trying to gamble on timing the absolute bottom and the begin purchasing during upward momentum. A lot of people miss potential volume when they try to time the very bottom.

a reply to: DeepImpactX
And thank you for the encouragement

a reply to: BIGPoJo
Debt is simply another variable in the game. it is how you use the debt and what one uses it for that counts. I don't do "consumer" debt anymore. The infrequent times I do use someone else's money, I make sure its as close to interest free for at least a year as I can and go for readily liquidated assets. I don't really have to do that unless I see a window of opportunity that is too juicy to pass up.

Also, if the debt is for a revenue generating operation, that you are doing it exactly the way you are supposed to be utilizing it. Just don't go buy up tv's, sneakers, tablets and smartphones. Thats how people get bogged down, they waste debt on junk.

a reply to: AmericanRealist

This is solid advice, I would also advise to never use debt to go to college.

Debt is OK for a mortgage (fixed unless flipping houses) however...

no...hail no...
trade my short term daily....it goes at 6:42 pm NY time.....forex is a fast moving market so....3 hours and outta there...

a reply to: BIGPoJo
I never went to college, but know many who got in over their head with student loans. And now they send US Marshalls to collect the debt at gunpoint, yikes!

a reply to: GBP/JPY

you are certainly more experienced in this venture than I from what I have read from you in the past.

originally posted by: AmericanRealist


you are certainly more experienced in this venture than I from what I have read from you in the past.

Indeed. Currently paying for my wife's loans, can't afford mine yet.

Soon...

a reply to: BIGPoJo

oh, i was replying to GBP/JPY in that line in reference to trading in the Forex. sorry to hear about the loans, they can surely be a hindrance. its a process, i was trapped a few years ago in debt myself due to 'mistakes' . long as you stay consistent with that goal in mind you get there eventually.

cool...on a one minute chart enter a trade at that time as a reverse of the price action and do not let 7:53 go by without entering, it's huge.....6 pip stops.....11 pips is guaranteed then it goes 24 pips for another reverse....then 60 pips...!!3 trades there because Tokyo always does this....!a reply to: AmericanRealist