Iraq war need not scare investors away — Analyst

Market volatility in the face of the raging war between the United States and Iraq should not stop investors from making new trades and investments, market analyst Fitzgerald Aclan of the Success Traders Institute has declared.

A day before US President George W. Bush issued a 48-hour ultimatum to Iraqi strongman Saddam Hussein, Aclan told prospective foreign currency traders during a seminar sponsored by the Performance Foreign Exchange Corporation (PFEC) that profit can be realized even during uncertain times.

During the seminar dubbed "The Price of War: Desert Storm Revisited," the noted online analyst traced the fall and rebound of the US dollar against major currencies during the first Gulf War in the 1990s.

He told his audience that guided by expert advice, state-of-the-art currency tracker technology and an internet platform that allows forex trading "at the push of a (computer) button, forex traders can realize profit even during the current crisis in the Middle East.

And true enough, just as the analyst predicted, the value of the dollar and major financial markets have rallied this week after the Bush ultimatum to Hussein removed the uncertainties that have enshrouded the world.

"This is where market analysts become important to FX traders. With sound advice based on analysis of developments and the gauging of the sentiments of big traders worldwide, including multinational banks, an FX trader can realize profit by making the right decision," Aclan said.

During the seminar, PFEC’s Mario Mariano introduced the FX 2003 software which the company developed to give traders all the necessary information they need, and the facility to trade in the quickest possible manner through the internet.

"Time is of the essence in FX trading wherein the values of currencies can change in seconds," Mariano stressed. "The FX 2003 gives traders the tools to gauge the relative strengths and weaknesses of currencies, and to buy or sell FX at a push of a button through the power of the internet."

Users of the FX 2003 can also set the parameters of his trades using the software so that one can set ceilings for losses he or she is comfortable with, explained Mariano.

"The beauty of FX 2003 is that it allows you to trade even when you’re away, asleep or watching a movie, and it will do so by strictly following a set of parameters which you, the trader, has input," he added.

Along with the revolutionary FX 2003, the PFEC assigns expert analysts to all their clients to give them the best advice possible. "But ultimately the trader will have to make the decision on what position to make, and the decision when, what and how much to buy," concluded Mariano.

The PFEC, a company engaged in the business of spot foreign currency trading, will be sponsoring similar seminars in response to numerous queries from the public.