There is a currency that always goes up
Posted on January 21, 2009 by Yohay
Filed Under Forex Basics, Forex Opinions | 10 Comments
Stock markets go up and down. During these troubled times of a global economic crisis, stocks are tumbling down. Even on the day of Obama’s inauguration, stocks went down.
In the Forex market, trading is in currency pairs – which means that when a currency weakens, it loses ground to another currency. So, there’s always a currency that goes up.
In the past few months, the currencies that went up are the US dollar and the Japanese Yen, while European currencies such as the British pound, Swiss Franc and the Euro went down. Also the Swedish and Norwegian currencies have suffered.
What will happen in 2009? Everyone is looking for signals in Forex. Well, here’s a a list of Forex forecasts for 2009. Most forecasts distinguish between the first half of 2009, and the second half, in which some kind of recovery is expected.
This is why I like forex trading, and this is why these bad times, the forex market swings a lot. These are definitely exciting times for forex traders.
On the other hand, forex trading, especially when using high leverages. Well, we must be careful in forex trading as well…
Enjoyed the post? You may want to subscribe by RSS feed or Email.Tags: currency pairs,Forex Signals,forex trading,leverage
Comments
10 Responses to “There is a currency that always goes up”
Leave a Reply
Popular Forex Posts
Daily FX Headlines- EUR/USD: Trading the U.S. ISM Manufacturing Report August 31, 2010
- EUR/USD Range Should Hold Ahead Of ECB Decision August 31, 2010
- Gold Stubbornly Higher August 31, 2010
- Swiss Franc Focus Remains on 10130 August 31, 2010
- Japanese Yen Trend Defined by Channel August 31, 2010
-
Stay up to date!
-
-
[...] the Forex market, there’s always a currency that goes up. That’s why I like this market so much. In these times of crisis, it’s the best [...]
[...] There is a currency that always goes up [...]
[...] Forex trading can’t go bearish, since there is a currency that always goes up. So, when all other possible investments are scary, including leaving your money in a bank, forex trading is attractive. [...]
[...] Forex trading can’t go bearish, since there is a currency that always goes up. So, when all other possible investments are scary, including leaving your money in a bank, forex trading is attractive. [...]
[...] Forex trading can’t go bearish, since there is a currency that always goes up. So, when all other possible investments are scary, including leaving your money in a bank, forex trading is attractive. [...]
What all of your commentators carefully avoid mentioning, is that there is always a currency that goes down. If you choose the wrong one, you lose; simple as that. So at best you have a 50% chance of being right, and a 50% chance of being wrong. You might as well throw darts at a list of stocks, or choose two currencies and flip a coin as to which one you think will go up. Same odds.
they could all fall versus Gold…what the heck are you talking about?
Spot the difference:
“There is a currency that always goes up”
“So, there’s always a currency that goes up.”
Major logic fail! I hope to goodness you only trade your own money.
You have no idea what you’re talking about.
Thanks, Tom, for pointing out the sneaky logic error behind the headline.
But it it worse than that. I forget which famous currency trader it was who said it, but some one of them said that the only way to make really big money on currency trading is when the Central Bank (of that country’s currency makes a mistake.
Fortunately, they don’t make mistakes as often as they used to. But that means that big opportunities in currency trading are rare.