Larry’s Note: Over my career as a trader, I’ve legally “eavesdropped” on phone calls with major players like Elon Musk, Jensen Huang, and Larry Ellison. On one such call, Elon Musk called a Wall Street analyst a “boring bonehead” – and that insult moved markets. Three months later, Musk apologized on another call – and set off another big move. Each time CEOs get on these calls, they create opportunities. And if you know what to listen for, you can turn those market moves into profitable trades worth thousands of dollars. That’s what I’ll discuss at my upcoming event, Wall Street Street Money Calls, on February 11 at 8 p.m. ET. I’d love to have you join me there so I can explain how these calls work… the signals I look for… and how you can be sure you’re ready to take advantage of the next move. RSVP here now to automatically add your name to the attendee list. Banking a Tidy Win From the Big Dollar Move By Larry Benedict, editor, Trading With Larry Benedict One of the reasons I love trading currencies is that they have little correlation with stocks. That gives us more potential setups to profit from. The currency market also has the deepest pockets in the world, with trillions of dollars changing hands every day. But while forex (foreign exchange) trading can be very lucrative, some folks find it confusing. They put it in the too-hard basket. But I think that’s a major mistake. As we’ve already seen this year, geopolitical tensions have been rising around the globe. That volatility is opening up more forex trading opportunities. In fact, just this week, we closed out a forex trade that netted my subscribers a tidy sum. So today, I want to run through how that trade played out, which should allay any fears you might have about forex trading… | Recommended Links
He Made $10 Million From a Single Phone Call Every quarter, CEOs of America’s biggest companies are legally required to get on the phone and tell the truth about their businesses. Anyone can listen in. Almost nobody knows what to listen for. Larry Benedict does. He used these calls to go 20 years without a single losing year at his top 1% hedge fund. His followers could have collected payouts of $7,000… $9,400… and even $12,750 from what he's heard. On February 11 at 8 p.m. ET, he’s revealing his eight "money call" signals for the first time – plus a potential "255%" opportunity he’s tracking right now. Register with a single click here.
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| Economic Fundamentals in Play The key to understanding forex is that you are evaluating the strength of one currency against another. And there are several factors that markets consider… One major theme is interest rates. So, for example, if rates are higher in one country than another, then money will flow into that currency as investors chase the higher yield. That will help the currency strengthen. Another factor is economic performance. A strong and growing economy will see more capital flow into the country. If growth becomes too strong, that country’s central bank might have to raise interest rates to slow down demand. These things would strengthen the currency as well. The opposite also applies. A struggling and slowing economy might see global players withdraw their capital. That can help force a central bank to lower rates to encourage domestic demand. These factors can cause the currency to soften. Political and governmental stability also plays a major part. When stability diminishes, a currency can take a hit when investors look to park their funds in less risky jurisdictions. This last factor helped lay the groundwork for our recent currency trade. A Weakening Dollar The USD sold off heavily in reaction to President Trump’s threats to put tariffs on European countries opposed to the U.S.’s “taking” of Greenland. That sparked concerns over a potential U.S.-European trade war. Trump then threatened to issue tariffs on Canada if it signed any trade deals with China. He also failed to reassure people about the U.S. dollar while it was weakening. Markets took his words as a sign that the president was happy for the dollar to keep sinking (and “find its own level,” as he said). That’s when the selling in the USD really sped up. You can see that the rapid strengthening of the euro against the U.S. dollar (EUR/USD) in mid-January in the chart below… EUR/USD Spot Price 
Source: eSignal (Click here to expand image) Just as I look for stocks that overshoot for mean reversion opportunities, I can find similar moments in the currency market. In this case, the euro had become so overbought compared to the dollar that it was ripe for a reversal. In short, I was looking for their relationship to snap back the other way… Tune in to Trading With Larry Live 
Each week, Market Wizard Larry Benedict goes live to share his thoughts on what’s impacting the markets. Whether you’re a novice or expert trader, you won’t want to miss Larry’s insights and analysis. Even better, it’s free to watch. Simply visit us on YouTube at 8:30 a.m. ET, Monday through Thursday, to catch the latest. | Profiting From a Reversal The macro and fundamental factors of the dollar’s fall were overhyped. Plus, the sharp rally in the euro had pushed the Relative Strength Index (RSI) into overbought territory. To capture a reversal, we opened a short EUR/USD position on January 27. That means we were looking for the euro to weaken against the USD. And as you can see, we got our timing spot on… Take another look: EUR/USD Spot Price 
Source: eSignal (Click here to expand image) The RSI formed an inverse “V” (green circle) and retraced from overbought territory. That pushed EUR/USD lower and put our trade into profit. With the RSI peppering support (the 50% level, where we might see some buying) and our trade in good profit, we decided to exit the position on Monday and bank our gains. We generated 153 pips, which equates to a $1,530 profit for anyone trading a standard lot, in less than a week. I know currency trading can seem confusing… But if you break down the economic factors and the technical signals on the chart, you’ll soon start to see how it works. Better still, with stocks getting dicey this year, it can give you another profitable market to trade. Happy Trading, Larry Benedict
Editor, Trading With Larry Benedict Free Trading Resources Have you checked out Larry’s free trading resources on his website? It contains a full trading glossary to help kickstart your trading career – at zero cost to you. Just click here to check it out. | | 
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