It is funny how the dollar keeps going down even though we have a strong dollar policy. Here is a recent statement that Paulson made with a South African radio interview. Article
There seem to be very few people that are concerned with our declining dollar. Most view it as beneficial. I hope when the time comes, its not too late to reverse course. Last week Gizzelle wants to be paid in Euros, now yesterday the Iran guy (Ahmedjad) calls it a worthless piece of paper and is trying to get oil prices pegged to another currency.
I have been trading for 5 years. It took close to a year before I became profitable. I find that I am improving gradually each year.
My method of choice is scalping. My edge lies in tape reading NYSE stocks and staying on the side of the specialist. That is the method I learned when I started. As I build up my capital I will try new styles and trade new markets.
In late 2006 my trading hit a rough patch after the introduction of the NYSE Hybrid system. For most of 2007, I have been on a search for new strategies that would help me adapt to the market.
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There seem to be very few people that are concerned with our declining dollar. Most view it as beneficial. I hope when the time comes, its not too late to reverse course. Last week Gizzelle wants to be paid in Euros, now yesterday the Iran guy (Ahmedjad) calls it a worthless piece of paper and is trying to get oil prices pegged to another currency.
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