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Taking Profits on My Short Position in the Euro. I am beginning to take profits on my short position in the Euro now that it has dropped below 1.22 against the US Dollar. While I always leave a core position short (awaiting eventual parity with the US Dollar), I like to take profits whenever a particular investment has moved this quickly and this substantially in my favor. Since I took advantage of this move in the Euro directly through currency trading (which employs a great deal of leverage), my profits on the move from approximately 1.265 down to 1.22 for the Euro/US Dollar pair was approximately 450% in approximately 30 days. Please note that there are tremendous risks with that much leverage and the trade theoretically could have gone in the opposite direction.  Written By: Joshua Ungerecht

Currencies, Currency Trading, Euro, Forex Trading, US Dollar