Archives for posts with tag: Bitcoin

In light of the recent US Government Shutdown on 1st October 2013, and upcoming Debt Ceiling talks, I urge you to be safe! If you are currently trading in the Forex or Equity markets, please be vigilant and keep yourself updated with current news! Nothing is for certain in this economy. I got burnt once, and this is my one lesson to you.

With that said, I will be looking to divest into 3 other products:

  1. Silver & Gold
  2. Chinese Yuan (RMB)
  3. Bitcoins

Read more in my previous post: GBPUSD near 8-month High – Danger looming for Robot traders

Will share my own thoughts and reasons for this decision over the next few posts. So stay tuned!

In the meantime, diversify your portfolio and do your research into what’s going on in the world today.

If you would like to see more updates regarding these other investments of mine, please visit my other blog at alunacrypto.blogspot.com.

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The dollar plummeted against most major currencies on Wednesday after the Federal Reserve said it was making no changes to its USD85 billion monthly bond-buying program.

GBPUSD today is close to an 8-month high, after soaring more than 1.5% over the last 10 days. This poses a problem for Forex Software Traders, who depend on the small market fluctations in stable currencies for profits. Especially for Robots that use the Martingale (doubling) system, these uncertain times could spell disaster.

My personal view is that danger is looming; diversify your portfolio into safer investments, and possibly into Gold/Silver, Bitcoin, or Chinese Yuan (RMB). My best advise is to do your own research into these opportunities and examine if they fit your overall Investment Strategy, based on your Risk Preference.

Source: StarfishFX Daily Analysis http://starfishfx.com/en/resource-center/trader-resources/
Source: Forex – GBP/USD holds gains, near 8-month highs http://www.investing.com/news/forex-news/forex—gbp-usd-holds-gains,-near-8-month-highs-252850
Source: Gold Traders Split on Two-Year Anniversary of Peak: Commodities http://sgx-news.blogspot.in/2013/09/gold-traders-split-on-two-year.html
Source: Bitcoin Boom: Is This the New Safe Haven? http://www.youtube.com/watch?v=CdVVECKKSXo

My current settings of 0.08 intial lots for each US$20,000 account generate about 6% a month.

However, in light of the Economic Instability due to recent World Events, I will be further reducing the risk settings on my Leo Automated Forex Trading Robots. I have since today, reduced it to 0.05 and hope to generate about 3-4% returns a month.

As tension continues to escalate in the Middle East, I may consider turning off my Robot completely. Let’s all pray for the best.

Source: Youtube – When Will The Economy Collapse? http://www.youtube.com/watch?v=0tsUZinrCo8
Source: Youtube – World War 3 Has Already Begun http://www.youtube.com/watch?v=8ZK5gRLJ9h0
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