Chris’ note: Today, we’re keeping the spotlight on trading pro Imre Gams…
He works alongside master trader and friend of Legacy Research Jeff Clark. And all week, I’ve been sharing insights on a breakthrough trading opportunity they’re working on together.
Imre has used it to rack up a 95% win rate over seven months of beta testing. And it works no matter what happens with stocks or crypto.
Tomorrow at 8 p.m. ET, Jeff and Imre will lift the lid on this strategy at a free online event. They’ll also show you how you can profit with as little as $200.
Click here to automatically reserve your spot.
Then read below for more from Imre on how one of his trades netted as much as $3,450 in six days during one of the worst bear markets in recent history.
Last year was one of the worst bear markets in history.
The S&P 500 dropped 19%… The Nasdaq plunged 32%… And bitcoin plummeted 65%.
If you’re like most folks, you’re licking your wounds. And stocks and crypto aren’t out of the woods yet…
So you may be wondering if it’s even possible to profit at a time like this.
Today, I’ll answer that question with a resounding yes.
And to prove it’s possible, I’ll show you how I gave a small group of regular beta testers the chance to make as much as $3,450 in just six days.
Last October, I sent out a trade alert to a small group of beta testers.
Folks who acted on it had the chance to book a $3,450 gain in just six days… in the middle of a bear market in stocks.
And here’s the thing… It wasn’t in stocks, bonds, crypto, options… or any other market you may be familiar with.
This gain came from a currency trade.
More specifically, it was a bet that the U.S. dollar (USD) would strengthen relative to the Canadian dollar (CAD).
You see, currencies trade relative to one another. That’s why we trade them in pairs.
As one currency in the pair weakens, the other gets stronger. This allows traders to profit from that move.
And the reason I entered the USD/CAD trade was based on a chart setup that stacks the odds in my favor.
But how did I know which way to trade this currency pair?
(By the way, it took me thousands of hours of study and practice. But you don’t need to do that. I’ll show you how you can benefit from what I learned in a moment.)
All you need to know when trading currency pairs is that they have two phases of behavior – the trending phase and the corrective phase.
When the pair is trending, the moves are strong, and it makes new highs or lows with ease.
But once the trending phase is over, the pair enters the corrective phase. It pulls back and retraces some of the big move that preceded it.
An important distinction between these two phases is that when a pair is in a corrective phase it won’t make new highs or lows.
You can see this in the chart below of the U.S. Dollar Index. It tracks the exchange value of the dollar versus a basket of six major trading partner currencies.
And although it’s not a currency pair, it’s a great example of what I’m talking about.
The green arrows show the trending phases. The red arrows show the corrective phases.
Notice how every time a corrective phase came to an end, the dollar surged. Those are the inflection points I aim to catch with my trades.
Now, look at the USD/CAD trade I recommended…
The first green arrow is the strong trending movement I was tracking in this pair. The red arrow is the corrective phase that followed.
When I sent out the trade alert (marked “Entry”), I was positioning subscribers for the next trending phase (second green arrow).
You’ll notice I didn’t pick the bottom of the red corrective phase for my entry point.
But that’s okay…
Over my 14 years as a trader, I’ve learned that trying to perfectly time these phases is impossible. Sometimes, I’ll get lucky and pick the exact top or bottom in a market. Most of the time, I’ll be early, like I was here.
But as you can see, exact timing doesn’t matter too much. I was still able to make the cash register ring for my subscribers.
That’s part of what makes trading forex so great… You don’t need to capture the whole move. You just want a piece of it.
With $7.4 trillion changing hands every day in the forex market, a piece is plenty. And you get to decide how much you want to risk.
I suggest starting at a level you’re comfortable with and working your way up. Because of this, forex is a great market for beginners and experienced traders alike.
I’ll be sharing all the details on my breakthrough strategy tomorrow at 8 p.m. ET. You’ll even get the chance to see my next live trade recommendation…
And it’s free to attend. You just need to reserve your spot, which you can do with one click right here.
I look forward to seeing you there.
Editor, Currency Trader
P.S. I’m super excited about tomorrow’s event. And I hope you’ll join me. To make sure it’s worth your while, I’m including a bonus gift if you sign up for the VIP experience.
That’s on top of sharing my next live trade recommendation. Go here to sign up with one click.