Are you serious? The Federal Reserve is owned by a group of Europeans?? LOL, the Federal Reserve is run by a Board of Governors, seven, that are chosen by the president and confirmed by the congress. Unlike every other currency in the world, of which a free marketplace determines their value, China decides what their Yuan is worth, and which is totally ridiculous. Originally it was at par with the Peso, which is what it should still be. We should slap a 25% tariff on all of their crap that we don’t need, and our problems would be close to solved. They need us, and we can survive without them. War with China you say? Perhaps a psychological cold war, but our real fighting days are about over. We can’t even efficiently handle Kadafi. The days of occupation are over.
And back to trading FOREX. I was wrong about the EURO, though it did give me three chances to exit at 1.3620 for a nice profit, but I was convinced that it was going much lower (greed) and was stopped out with a 20 pip loss. I should have traded the channel that it was in and still is at this moment. Perhaps I’ll give that a try, to get in and out with smaller expectations. I’m still on the learning curve. As I write, now it's back down again to 1.3620, damn...
