Covering my short USDTRY. Made money on this quick overnight trade.

I am covering my short, dollar/Turkish lira trade. Made a few percent on a quick overnight trade. That's how its' done.

Turkish lira drops sharply against dollar because of horrific events, but I am buying it right now.

The Turkish lira has just opened up sharply lower against the U.S. dollar because of the horrific bombing that took place yesterday. However, the dollar's fundamentals are weakening so I am buying the Turkish lira right now. (Selling, USDTRY.)

 

Remember, my online Forex course is coming up, Oct 19-23.

Canary in the coal mine? Dollar suddenly collapses against the Turkish Lira.

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