October 4, 2010
You could have earned $1,490 in just two transactions that took a total of nine hours over two days.
September 30, 2010
After the release of positive U.S. economic data, including better-than-expected GDP growth, a rising Chicago PMI, and a drop in new unemployment applications, the British pound took a sharp dive against the U.S. dollar, losing over 250 points in six hours.
If you had earned on GBP losing ground against USD by selling at 1.5902 and buying at 1.5707, you could have gained 195 points in six hours. With a trading volume of $50,000 (you can do this with just $500 in your account), you could have earned $975 in six hours.
October 1, 2010
In reaction to worrying comments made by representatives of the U.S. Federal Reserve, the dollar quickly lost ground against competing currencies; in one example, the British pound gained 150 points on the dollar in just three hours.
If you had earned on GBP gaining against the U.S. dollar by buying at 1.5729 and selling at 1.5832, you could have made 103 points in three hours. With a trading volume of $50,000 (remember, you only need $500 in your account to do this), you could have earned $515 in those three hours.
Summary
With just $500 in your account and only trading in one currency pair, you could have earned $1,490 in just two transactions that took a total of nine hours over two days.
What news can you use to make transactions and earn this week?
Eurozone News:
- Eurozone producer price index - October 04, 2010 (Monday at 11.00 GMT).
- Eurozone GDP change - October 06, 2010 (Wednesday at 11.00 GMT).
U.S. News:
- ISM Non-Manufacturing Composite - October 5, 2010 (Tuesday at 14.00 GMT).
- Non-agricultural employment numbers - October 8, 2010 (Friday at 12.30 GMT)
