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Excerpt from:  Forex Analysis
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September 22, 2008

Did You Buy Cable at the Sept. 11 Low? Now May Be The Time To Sell

Action Forex: "Not the time to be greedy"
Right now, the U.K. pound is showing some strength against the U.S. dollar in forex trading (what major currency isn't). If you bought the cable at its low about a week and a half ago, now could be a good time to sell.

In fact, Action Forex recommends that you sell now, taking your profits, before things head down again for the cable. This is because the long term trend for the sterling in currency trading to head lower. The economy is still struggling, and troubles in the U.S. right now aren't going to change that.
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PermalinkSterling in Currency Trading
.Forex trading with major currencies
.http://www.gftforex.com/land/index.asp?aid=446
Topic Tags:  Action Forex, cable, cable forex trading, currency trading, economy, forex trading, sterling currency trading, U.S. dollar forex trading
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