Ted Bauman wrote a piece on The Bauman Letter a few weeks ago breaking down how traders can benefit from the looming forex market situation and make some money off of it. Mr. Bauman begins his article giving his personal account of how he bought an undisclosed asset more than 30 years ago which has really paid off handsomely over the years. He says that this was made possible by the fact that the foreign currency was weaker when put up against the US Dollar at the time and thus enabling him to make the purchase quite affordably.
In the article, Mr. Bauman also elaborates the love-hate relationship that exists between the Americans and their currency, the US dollar. This is because the strength of the dollar, for the most part, shows the strength of the American economy and the position they hold in the world. For instance, if an American were to take a vacation in a country where their currency is weaker when put up against that of the US dollar, the individuals find stuff to be relatively cheaper on the other side. However, on the flip side, a strong US dollar makes products manufactured in the United States expensive especially in countries with a weaker currency when put up against the US dollar and as a result, this hurts the manufacturing industries and in turn affecting the job market. Conversely, individuals living in the United States find products made in countries with a weaker currency when put up against the US dollar cheaper and this encourages some American consumers to buy foreign products, in turn, harming the trade balance between the two countries.
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— Ted Bauman Guru (@Ted_B_Guru) January 16, 2018
With analysts already warning of a whopping $1.5 trillion in federal deficits following the tax cuts that were passed by the lower house, the US dollar is expected to shed off some of its strength providing the perfect opportunity to make some money. Ted Bauman recommends buying a foreign asset priced in local currency so that when the dollar weakens, the asset will be worth more in US dollars than when it was bought. Follow Ted Bauman at tumblr.com
A word on Ted Bauman
Ted Bauman is a low-risk investment expert who has dedicated most of his adult life to helping ordinary people grow their fortunes through his publications in The Bauman Letter, Alpha Stock, and Plan B Club Newsletters. Mr. Bauman is also the editorial director at Banyan Hill Publishing.
To know more, Visit:http://www.talkmarkets.com/contributor/Ted-Bauman