Protecting Your Financial Future – Lesson’s From 1929
Of all the forex training articles on this site, and of all the training videos….these may very well be the most important. Its been said that those who fail to learn from history are doomed to repeat history’s mistakes.
The parallel’s between the crash of 1929 and today are so obvious, but yet so blissfully ignored. The last ditch efforts to keep the market from crashing was a ‘heroic” move by the banks to infuse capital to free up lending. Sound familiar? Again on “Black Thursday” they again promised capital as a last ditch effort to shore up the market and it worked….until Monday.
Now we have the FED pouring trillions of dollars into the economy as a last ditch effort. What has history shown us. The greatest tell tale sign might however be in the manipulation. As the economic indicators were turning down through 2007 and 2008 the DOW rallied to a new high? Shouldn’t equities reflect the general overall health of the economy?
Today as we see more reason than every to worry about the global financial system, you should ask yourself one question. Shouldn’t equities reflect the general health of the global economy?
History predicts the future, and without fail this will be no exception. I strongly urge those with market exposure to talk to your professional advisor as to ways to protect yourself from market downside/free fall. Eventually (within the next year or two I believe) the market will correct and it is now you and I alike should be preparing. I hope this article and these videos spur you to action.
While I urge everyone to go through all 6 parts (about an hour all together), if you are short on time part 4 & 5 provide some stark parallel’s to today.
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