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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
Its really important for these fx bosses to keep our chances limited to 25% right from the start, the bigger our chances to loose the bigger there chances to win. They do it cleverly in the cover of helping you . All the market analysis on there sites are supposed to offer u just 25% winning chances. You can be successful even than if u understand risk management but most of us dont so only 2 % become traders and rest become loosers.
As far as I can see the Fed is increasing M2 money supply at a rate not seen before and you say it is impossible for EUR to go to 1.65.
Of course at that point I do not expect 1.65.
But I have a rule: never say never.
And since we are talking about long term targets. I really think that even above 1.65 is possible long-term.
Time will show.
The euro may have a correction to 1.35 or 1.34 but we have very short term memories, euro has been rising against the dollar ever since its inception and b4 the markets collapsed it was some where at 1.60. So if the world economy is recovering i guess fx markets will also try to follow how it was b4 the great recession.