A 95% win rate…
That’s the track record trader Imre Gams has racked up since he started trialing a breakthrough new strategy last July.
If you don’t know him already, he works alongside master trader and Daily Cut regular Jeff Clark.
And not only has he racked up a near-perfect win rate. He’s also given beta testers the chance to make $1,694, $2,239, and $3,560… in as little as a day.
And here’s what’s so special about this new strategy…
These wins have nothing to do with stocks, bonds, crypto… or any other tanking asset class.
Instead, Imre is hauling these gains out of the world’s largest and most liquid market – the international currency market.
It’s also known as the foreign-exchange – or forex – market. And it has an average daily trading volume of about $7.4 trillion.
That’s 32 times larger than the U.S. stock market.
And Imre says he hasn’t seen better opportunities to profit in this market in his career. Here he is with more on that…
Between inflation, geopolitical conflict, and persistent shortages in everything from labor to raw materials – volatility in the forex market is on fire right now.
Many countries are trapped with inflationary pressures. This is forcing them to raise interest rates, which creates extreme volatility in currencies.
Large institutions can take advantage of even the slightest uptick in interest rates by moving money to the country with the most favorable rates. And they have billions of dollars at their disposal.
As a result, many of the world’s major currencies are trading at levels we haven’t been seen in decades. And I expect these optimum trading conditions to last. These shifts tend to create long-lasting trends, making forex an attractive market for years to come.
So, make sure you’re signed up to attend the breakout session Jeff and Imre are hosting next Thursday, February 9, and 8 p.m. ET.
As a Daily Cut reader, you can attend for free. And they’ll walk you through how the currency market works… how to identify trades… and how to get set up as a currency trader.
They’ll also reveal how they’re making remarkably consistent returns… even in today’s turbulent market.
You can secure your spot with one click here.
And to keep the spotlight on the opportunity in forex… For today’s mailbag edition of the Cut, I’m featuring questions Imre’s readers have sent in… along with his responses.
The first is about how every currency trade involves something called a currency “pair.”
Reader question: Hola, Imre. Happy New Year! I appreciate all the knowledge and wisdom you share with our group. It’s super helpful and inspiring.
I have a question concerning which side of the currency pair establishes the up- or down-action on the chart.
Take the British pound and U.S. dollar pair (GBP/USD). If there’s good news about the GBP, such as “GBP soars due to…” will the GBP/USD pair go up or down?
Or take the U.S. dollar and Japanese yen pair. If JPY is falling due to some news, will USD/JPY chart rise or fall?
– Robin R.
Imre’s response: Hi, Robin. This is a great question. I’ll do my best to simplify it.
Let’s use the GBP/USD pair as an example.
The first listed currency of a currency pair is called the “base” currency. The second currency is called the “quote” currency. A currency pair tells us how much of the quote currency is needed to buy one unit of the base currency.
GBP/USD measures how many dollars it takes to buy one British pound. If this pair goes up, the British pound is getting stronger versus the dollar. If it goes down, it’s weakening versus the dollar.
I like to think of a currency pair as a tug of war. Each currency in the pair is on opposite ends of the rope. A smart currency trader will be there to join in when one side or the other has the upper hand. And they’ll be out of their position before the game starts going the other way.
Next up, a question about the nuts and bolts of setting up a forex account…
Reader question: I’m new to forex, and I appreciate the materials you have put together. I haven’t set up a currency trading account yet. One thing I want to understand before deciding on a broker is how commissions and fees work.
It seems that the longer I hold a position, the greater the fees to be paid. Is this typical? Do different brokers charge more or less than others? Can you offer advice on how to evaluate brokers with respect to fees? Thank you!
– John C.
Imre’s response: Hi, John. I’m happy you’re thinking about fees and transaction costs. Most brokers have a couple different account types that cater to different kinds of traders.
One common one gives you tighter “spreads” or differences between the spread bids and asks. The bid is the price at which you can sell a currency. The ask is the price at which you can buy a currency. A broker captures the spread as profit.
With this type of account, the cost to you is baked into the spread. That’s the good news. The bad news is this type of account typically charges a a higher fee per trade. This is best suited to more experienced traders with relatively large accounts.
The other typical type of account is where the broker is paid on spreads. You won’t have to pay any fees per trade. But the spreads will be higher. This is typically best for traders with smaller accounts.
My advice is to shop around. Some brokers will credit your account if you hold your positions overnight. This depends largely on which currencies you’re trading.
If you’re long one currency that has a higher rate of interest than the currency you are short, then you may be eligible for a credit.
I’m typically not too concerned about earning these credits. They’re usually tiny. So they have an impact only if you’re hanging on to trades for several weeks or months. And I don’t anticipate us doing that at Currency Trader. Our average holding time so far has been about three days.
Next, one reader wants to know why Imre doesn’t pay more attention to news about currency moves…
Reader question: Good morning. I’m following up on Imre’s Post-Mortem update (AUD/USD). I’m curious… Why don’t you care that there was market news that would affect this pair? The early indicators were to the negative? Even I could see that.
– Ann B.
Imre’s response: Hi, Ann. That’s a great question!
I don’t factor in the news when it comes to trading.
That’s because I haven’t seen compelling data that shows a clear link between economic data reports and currency moves.
News events sometimes lead to a market move that “makes sense.” For example, strong U.S. jobs numbers should result in a stronger dollar. That’s because it indicates a strong economy. But sometimes the dollar will go down after a strong jobs report.
Another example is when a central bank raises interest rates. That should raise the value of the currency because it raises the interest rates available in that currency. But then the currency falls instead of rises.
We see this happen in the stock market all the time when earnings are released. Stocks will often fall on positive earnings news and rally on bad earnings news.
Trading is ultimately a game of probabilities. The key to good trading is knowing how and when to stack the odds in your favor as much as possible. That’s why I use tried-and-tested chart patterns to identify trading setups, not news headlines.
Of the 21 trades Imre has recommended since last July… 20 have been winners. With the amount of attention that goes into each trade… and the analysis that follows… it’s no wonder his subscribers have been flocking to the mailbag.
So, we’ll wrap up with some general praise for Imre from some of his happy subscribers…
I REALLY appreciate your analytical reports. It helps me to understand the market more, your trading strategy more, and what your mindset is. Thank you sooooooo much!
– Rin B.
I am entirely new to trading. After reading many of your publications, Q&As, I am convinced your ways of forex trading is most reasonable and of considerably less risk. Keep it up.
– Ken L.
Info is great so far, instructions as well. All the best for you and all the people in your team in 2023 and beyond.
– Martin S.
That’s all we have time for today.
Remember, Jeff and Imre are hosting a breakout session next Thursday, February 9, at 8 p.m. ET. They’ll walk you through everything you need to know to start taking advantage of the best currency trading market we’ve seen in 15 years.
So, go here to automatically sign up. And as always, you can write to us your questions, concerns, and feedback to [email protected].
Have a great weekend.
Regards,
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Chris Lowe
Editor, The Daily Cut