It’s all about Thursdays.
Whether or not you are a financial trader, you will have heard about what happened last Thursday.
The Swiss National Bank scrapped the Euro cap on the Franc and all hell broke loose.
I heard via a trader in the following message:
“Wow. Swiss bank removed the minimum exchange rate (a floor that’s been there for years) and lowered interest rate to -0.75% causing a 1600+ pip move on EUR/CHF!”
The next day I heard that several brokers had got into serious trouble. Alpari is now insolvent, FXMC was in breach of regulatory capital requirements and there was chatter that clients were emptying their ETX Capital accounts in preparation for a statement.
What caused this?
The Swiss National Bank took the decision to peg the Swiss franc to the euro during the crisis of 2011, in order to stop the franc becoming too strong against the euro. This was to ensure Swiss export could remain competitive. It set a minimum of 1.20 francs to the euro and basically had to buy up Euros since then to maintain this level.
Last Thursday, without warning, they scrapped this rule and the franc shot up 30% in value. It had to happen at some point as obviously they couldn’t keep buying Euros forever just to keep the value of the franc down.
The repercussions will be felt long term by Swiss exporters but in the short term it was a disaster for an awful lot of traders. With an unpredicted move happening that big and that fast, traders got wiped out and brokers got caught out too with massive losses including Alpari who went into administration on Monday.
It’ll be interesting to see what kit West Ham will be wearing on Saturday as Alpari were their sponsors!
Anyway, as that was all happening I logged into my trading account, sipped on my cup of tea, clicked a few buttons, and increased my account value by 5.3%. It took me about ten minutes.
Was I bothered about the chaos going on around me?
Was I pulling my hair out, screaming at the screen, as the blood drained out of my face while my account emptied?
Did I feel a certain sense of satisfaction that I was making good money whilst all around me were losing their shirts?
You see, the problem with ALL other trading systems except the one I use, is that you have to make a decision on which way the market is going to move. This is directional trading. You are basically gambling that the market will move in the direction you think it will move. If it does, you make money. If it doesn’t, you lose money. Successful traders get it right more often than they get it wrong, but as we saw last Thursday, even if they are very successful traders, one really bad move can wipe them out, or at least set them back a long way.
Personally, I couldn’t give two hoots which way the market is going to move. The way I trade, I make money if the market goes up; I make money if the market goes down… I even make money if the market is level and goes nowhere!
How can this be?
Well those of you that have been readers for a while will probably know I’m talking about a trading system called PIE.
And here are some of the latest comments from readers that have learned the method:
“I would like to thank you for giving me the possibility of changing my life thanks to the PIE strategy” Carlos
“I attended your course on 26.3.2014. Thanks so much for the life-changing information. You may recall that I work for the NHS and was disillusioned with the intended government changes to the NHS pension scheme. I am now taking active steps to convert my NHS pension to a SIPP.” Dr Kuhan (NHS Doctor)
“It’s Chris here from Jersey (I attended your course back on 7th August 2012). I wanted to take the time to say a huge thank you for the ongoing support and updates on the PIE variations following the course back in 2012.” Chris
“Including today’s close my live portfolio has risen by 9.81% in 4 months. Thanks for your help” David
And one reader kindly included his returns since learning method and showed that he had made £14,593.30 using it.
One important thing to point out about this strategy is that it only takes 10 minutes a MONTH to operate!
Anyone can spare 10 minutes a month, and if an NHS doctor can find the time, I’m pretty sure most others could too.
Here’s the thing. Last Thursday we saw how traditional trading methods have a major flaw that can end up with people losing everything. Next Thursday, you have the opportunity of learning how to trade so that you won’t lose no matter what happens in the markets, where you don’t have to take a position on which way the market is going to move and where you can make money year in, year out, in about ten minutes a month.
I learned the method nearly three years ago now and I can say, hand on heart, that this is quite simply the best way to trade I’ve ever seen. Nothing else even comes close.
There is one place on the January master class taking place next Thursday. It’s run by Glynn Calvert and Paul Bent who have been teaching their method to small groups of people for the last three years and they really have been changing lives.
If you are even slightly curious about this then I would urge you to give Paul Bent a call. He is not a salesman, he’s just happy to answer any questions you might have to help you decide if this is something for you or not.
Don’t put it off. Paul is off on a month long holiday for the whole of February and he can do this because this is the sort of lifestyle that PIE allows, so give him a call and find out for yourself what this is all about. You won’t regret it.
Paul can be contacted on: 07407 780 834
And more information can be found here: