The U.S. dollar fell six days in a row last week, thanks to all the recent developments out of Washington. And of course - President Trump's ongoing feud with the Fed helps fuel the fire as well...
While this may leave many investors spooked, you don't have to let this uncertain future affect your trading game.
You can score big on the dollar - right now.
And it's as easy as this....
Now, before we get into your profits - let's talk about the basics...
A "strong dollar" allows the United States to buy more goods from a foreign country. This can be good for Americans who buy foreign products, like electronics or pharmaceuticals, because it costs less to buy them. On top of that, a strong dollar benefits those traveling overseas on business or vacation because it's less expensive to travel and pay for lodging, food, and transportation.
On the other hand, a "weak dollar" means that the United States can't buy as many goods from a foreign country. In turn, it becomes more expensive for Americans to pay for foreign products and to travel abroad. That's because there's less purchasing power than with a strong dollar, so Americans are left to make up the difference in prices on imported goods.
But there's a good side and bad side to both scenarios...
The Chance to Claim Your Spot on Millionaire's Row - Learn How to Get Your Share of This $1.4 Trillion Opportunity
When the dollar is strong, we can buy the things we need and want for less, which means we can get a lot more bang for our buck, so to speak. However, it costs more to manufacture U.S. goods overseas, which could affect the ability to sell these products. This could eventually lead to shrinking margins and, therefore, shrinking profits. And that could ultimately result in a loss of U.S. jobs due to halting, shutting down, or moving operations to another country altogether.
A weak U.S. dollar is often considered a bad thing because of the higher costs to export goods and services, especially overseas. But a weak dollar can be good in that exports can sell for much more. And the more that American companies can sell their goods at higher rates, the better the impact on sales and revenues. This not only keeps the companies in operation - it can also lead to growth and more jobs. And job creation is a great thing for the stock market.
But the truth is, there's only one way to trade in a volatile dollar market - and that's with options.
Here's what I mean...
[mmpazkzone name="in-story" network="9794" site="307044" id="137008" type="4"]
Back on Jan. 8, I sent my members instructions to open a call trade using the Invesco CurrencyShares Euro Currency Trust (NYSE: FXE) Jan. 12, 2018 $115 call options. This was based on a strong bullish signal my proprietary tools pinpointed...
Now at the time, the stock itself was trading right at $115.27. So imagine trying to get your hands on 100 shares of it. You would've needed $11,527 laying around to dump into FXE - and would've needed to cross your fingers, hoping for the best.
But not us.
My members only had to pay $75 for 100 shares - that's an 8,645.25% discount.
Exactly three days after opening this trade, we pocketed a fat double-digit profit.
Here's the best part, though - if you did fork out thousands of dollars buying individual shares of the stock, you would've only made 0.54% on your return.
That's why it's almost laughable to see all of the lies and misinformation out there about options. They offer an amazing versatility that you can use in a variety of ways to profit from a rise or fall in the underlying market. And in times of high volatility (like right now), they're a welcome relief from the uncertainties of traditional investing methods.
You can very quickly - and very easily - create a potentially unlimited stream of income by simply adding options to your portfolio. And the best part is... you're not limited by market direction, either. Whether the market is up, down, or sideways, there's always a way for you to profit using options.
In fact, right now, I'm giving Money Morning readers the opportunity to double their money in just four days, every single week. And I'm delivering not one, not two, but three money-doubling trades every week.
Imagine having the chance to grab an additional paycheck like these: $586, $1,100, $2,449, $4,202...
Enough to double your weekly income - or better - every Friday night.
I call these paychecks my Friday Night Fortunes - and they have the power to earn you an extra $104,000 a year...
And since these paychecks are extra income in addition to what you already make, you can use these Friday Night Fortunes any way you want.
Three times a week, I'll give you exactly what you need to make your move...
...and share how to get in position to close out your plays at 3 p.m. Friday... or when they each hit 100% profits. Whichever comes first.
It's that simple. And it's legitimate life-changing wealth.
Let me show you what I'm talking about...
The post The Only Way to Profit off the U.S. Dollar Right Now appeared first on Power Profit Trades.
About the Author
Tom Gentile, options trading specialist for Money Map Press, is widely known as America's No. 1 Pattern Trader thanks to his nearly 30 years of experience spotting lucrative patterns in options trading. Tom has taught over 300,000 traders his option trading secrets in a variety of settings, including seminars and workshops. He's also a bestselling author of eight books and training courses.