Currency traders need to prepare for a stronger US dollar in 2009, says Sean Hyman in The Sovereign Society. The buck has broken a six-year downtrend, and it’s fast becoming the currency of choice as the credit crisis spreads to all corners of the globe. That’s why its the best place to be for safety and profits in the coming 12 months…

More from Sean:

Let’s look at a 10-year chart of the US dollar index below to illustrate this point.

The Unnoticed Trend: The Buck Finally Breaks Its Six-Year Trend

This will be a hard pill for many currency traders to swallow.

But even the buck has “up” years. While they are few and far between, 2009 will be one of those years. As a matter of fact, it is starting even now. Yet most won’t realize it until it’s too late and it has eaten up most or all of their account!

Any way you look at the above chart, a monumental thing just happened. The US dollar index closed the month above its downtrend line for the first time in SIX years.

That’s huge.

It’s easy to believe everything will continue to rise against the buck forever. But if you’re buying currency pairs in the Forex market, that belief could clean out your account. This stronger dollar tend will be in force for so many months, so it could wipe you out before you know what hit you if you’re not careful.

That means the only ones that will survive are those that realize “quickly” that the dollar is one of the best places to be during that time.

I know it sounds crazy but its going to be the “place to be” and the place to profit in the coming year (and even now)!

Source: The Shocking Dollar Trend of 2009