posted on Apr, 22 2009 @ 09:02 AM
lol you guys could do this for the rest of your life. ITS UP!! OMG ITS DOWN!!!
thats what the markets do. and since volatility has gone up, the swings are bigger!
and it also brings to light an important point:
DONT TRADE WITH EMOTION!
just like the other thread about the price of gold dropping like a rock. so what it went down a hundred bucks (which is good for the dollar but bad
for people holding gold) its already back up to nearly the 900 mark.
another good point to mention, if you are a trader, then the trend is your friend!
a "BIG MOVEMENT" like ive heard here, is nothing more than a trend, and yea you could try to predict whats going to happen with fibonacci patterns,
but its not smart to base it solely on that as you would probably lose all your money quickly. trends come about depending on the market. certain
markets trend better than others. little countries usually are more choppy, volatile. their money doesnt average out the gains or loses made by larger
whereas trading the euro and dollar is a much smoother ride. when a trend happens, its like a smooth coaster (generalizing here) compared to some
smaller markets. swings are steady and when they reach their mark they bounce a little, continue or reverse trend.
noone can predict the future in fx. you can only make educated guesses based on what might happen cus of history.
dont get sucked into the emotional rollercoaster of watching every single tick movement of the price. youll go nuts (nuttier in some people's cases