John Crooks says the US dollar is one of the few bullish currencies for 2009. Investors can profit by going long on dollar ETFs, or shorting other currency ETFs. But to make really huge returns, John recommends using options and investing in the exotic currency markets.

China is not immune to this global recession, says John Crooks. And as the ‘world’s manufacturing plant’ stumbles, it will take down many others with it. Emerging economies that relied on China buying raw materials will be hit hardest. And any developed nation with exposure to these markets will be dragged down too.

In forex trading, there has to be a winner for every loser. John Crooks says the US dollar is set to be “king of the hill” in 2009. He says forex traders don’t care about the damage being done to the US economy. The greenback has become a “safe haven” for investors rushing into cash. And that trend isn’t about to change anytime soon.

2009 could the first global recession since the 1930s, according to a UN report. But John Crooks says forex traders can use the economic slump to make big profits. He picks four currencies that will be “on the chopping block” for 2009.