One of the few FOREX trades where I made money was the TED Spread, the spread between T-BIlls and Eurodollars (US dollar denominated savings in Europe). Right now I wouldn’t touch that trade with a 10 foot pole. I also managed to lose a lot of money with Swiss francs vs. Deutchemarks because my contracts were during the time when Germany had to vote to join the Exchange Rate Mechanism. Long story, but my point is, that even when a normally predictable currency trade is going through a cycle, political events can swing the trade wildly. Take a look at what is going on with the USD rally, the whole Greek-Euro bailout, etc. Both of these could get you margin called out at a huge loss, and swing back to profits a week late. FOREX right now would be a bad idea, but if you MUST trade, you could try a single currency ETF, either short or long, and see how that works out first, something like FXY , UUP or UDN.

Hello Dmitry

How are ya mate?

Here is my email address myforex@y7mail.com

Please shoot me an email and i will send you 2 e-books , trading for beginners (very straight forward and simple) and a simple strategy i use on a particular pair daily that brings decent profit every month.

Best of luck

Ash

http://www.forex-trading-domain.com