At the end of this week of trading I am back to where I started a week ago - moneywise
I won some, then lost it again - the markets seem to be slowing down even more to me
Still, there must be some good positions to take, because I see a lot of traders in the competition
making some good money - well done!
I feel that the trouble in Ukraine will still way down on the market and forex traders the coming week
so I will be looking for the so-called safehaven currencies, and trying to go long there:
If the trouble remains or - god forbid - escalates, then traders will be looking to invest
in Usd, Jpy or Chf, as these currencies are considered relatively safe in times of trouble
If it comes out that Russia is indeed involved in the shooting down of the civilian aircraft
or keeps hampering co-operation then a storm will burst loose over forex-land
It then will be wise to sell most currencies - especially Aud,Nzd and others - the minors
and buy Chf, Jpy, and maybe Usd
I won some, then lost it again - the markets seem to be slowing down even more to me
Still, there must be some good positions to take, because I see a lot of traders in the competition
making some good money - well done!
I feel that the trouble in Ukraine will still way down on the market and forex traders the coming week
so I will be looking for the so-called safehaven currencies, and trying to go long there:
If the trouble remains or - god forbid - escalates, then traders will be looking to invest
in Usd, Jpy or Chf, as these currencies are considered relatively safe in times of trouble
If it comes out that Russia is indeed involved in the shooting down of the civilian aircraft
or keeps hampering co-operation then a storm will burst loose over forex-land
It then will be wise to sell most currencies - especially Aud,Nzd and others - the minors
and buy Chf, Jpy, and maybe Usd