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View Full Version : This financial mess and effect on Forex markets


helimutt
12th Oct 2008, 21:50
Just a question for those of you who may dabble in the forex markets. Do you think this present economic crisis will hit the forex market hard or will forex markets ride the storm same as ever.?? I saw a big drop in returns over thurs and fri but wed had seen massive shifts.

Howard Hughes
12th Oct 2008, 23:41
You would have big proverbials to be playing the forex market at the moment, still if you have spare cash that you can afford to lose, then it might be a great time to make some big profits!:ok:

Track Coastal
13th Oct 2008, 06:45
You would have big proverbials to be playing the forex market
May I ask as to why (volatility being a traders friend)?

angels
13th Oct 2008, 06:51
Track has got it right. Currencies whip-sawing is fantastic for the nimble-footed.

That's no longer me (far too old) but for the prop traders this is fun.

Essentially forex is a zero sum gain, you gain, someone loses.

It's not that simple really. What the ructions of the last few weeks have proved though is that the dollar has not lost its mega status. If you were logical about it the dollar would be a screaming sell.

Must dash.