It’s taken you a long time.
You’ve looked at Forex before, but continue to take the “easy road” with trade in ETF’s and faith in your “television Shepard” ( making you “living room sheep” ). I’ve said it a thousand time before………they will never ring the bell when it’s “time to sell”. Never.
Your broker never calls when it’s time to get out. These people disappear into the woodwork ( like the tiny pests they are ) right around the time you likely need them most.
This is the way it works. The entire year of 2015 wiped from the map in a matter of days……and you didn’t get the call. No email. No smoke signal. No coded message. Zip. Nada. Zero.
And then…..on top of this…..you reach for the phone “begging” for advice as to “WTF do I do??” “My savings are lost!” “Our nest egg is gone!” “Please tell me…..what do I do now?”
You call your broker??
Wack man…..that is wacked.
Forex markets saw this coming from miles away, as we observe a “global economy” now ( in case you hadn’t noticed over the past 25 years ). Currencies will ALWAYS lead….as you need to figure out “money” before you use it to buy stocks ( Duh! ).
It’s really quite simple.
You just need to get the larger. broad strokes under your belt. Come to understand which currencies move in which direction when global appetite for risk is “on or off”. There’s really only 5 or 6 that even matter…as the entire market then moves in tandem with movements in these.
You also learn patience – as Forex moves at a snail’s pace. Eezy Peezy.
If you want to participate in a stock market that is currently swinging some 700 points – all power too you. You are clearly trading in “panic mode”.
Me? I’m about 1300 points in the green over night…as it’s pretty straight forward.
Forex markets LEAD.
So which five: euro yen dollar? What else?
Sent from my iPhone
The Yen is top of the list….why? Cuz it’s been devalued the most ( then in turn…”borrowed on the cheap” ) in order to fuel the huge move upward in U.S stocks. When Yen rises………you know funds are flowing back to Japan as people completely freak out about the free money they leveraged/borrowed. They sell the assets they’ve bought FAST – and huge flows come back to Yen.
2. The Australian Dollar as…..it moves hand in hand with risk cuz it mirrors moves in China. Aussie tanks….when risk appetite tanks.
3. USD – same shit as Yen in this environment. Borrowed on the cheap ( as the printing presses continue ) then flooded back to cash as assets are sold.
I could go on for days…….