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Just A Reminder...

Dear All,

I personally urges you to scrutinize any "super "trading system by providing fast rich method or all-in-one signal to realize your dream, before paying fee to them. As we all undertand, the way to fortune is a painstaking process, much due to your hard efforts and practice, do you think people now can produce any super machine better than human brain? Please do not fall victime of "impulsive buying", cool down yourself for some days first before giving your most precious asset: "Money".

Monday, October 13, 2008

Risk or No Risk Forex Game

For the past few days I wonder why the EURUSD getting hammered down and why today the USD lossing its strength. Fortunately today, I just found the answer! According to CNBC it's a risk or no risk game play in the currency market, said one forex analyst & strategist from GFT. Last week the market was risky and nearly everybody market wide, went panic and selling their shares from the stock market. When this scenario happens, everybody parked their cash in safe currency such as USD, JPY and even CHF. This week, the equity markets are getting stable in Europe and the US...at least and people starts to pull out their cash from USD, JPY and the CHF.

Hence, this is currently what happen in market. Just remember, if the market turns risky where everyone seems to panic, they will put their money for the USD, JPY and the CHF. If people think the risk is calming down they will take their money back from the USD, JPY and CHF and starts buying other major currencies.

Currently, I did not see any reason to buy any currencies at the moment. The chart seems ugly. So I better just stay on the sideline until everything settles.

Happy trading guys ;)

3 comments:

Steve said...

Well, we are month on, and I guess you are still on the sideline?
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