Year 2009 and forex market ALL about RECESSION
Following the global economic crash starting from a bankrupt of a housing company in US has effected almost all the countries around the globe. Not even G-8 nations were safe from this economic fall down.Even we could see its effect in Us budet for the year 2009.But the most afffected were the global branded market.KIA motors was in the merge of collapse.Thanks god the Korean motor brand didnot have to suffer a lot.
Looking few days back the recession started, oil price were in a hike, dollar value very low as predicted due to huge investment at peace process in asian countries(especially Iraq and Afghanistan) .But after the recession oil price nearly fell down to half the price few days prior to recession . Dollar rate rose to as high as ever.And not to forget the safest means of saving money GOLD.Gold price rose to double to nearly triple as people seem interested in buying the pretty yellow metal than spending and gambling money in the stock market because stock in course to collapse and every investors were getting lost in the stock market.As said every coin has two sides.Hike in gold and dollar value turned out to be the good news to the forex investors.Dollar value was as high as one could imagine.Investors, unlike in the stock market, were gaining a chance to make money in forex.
While no one wants to see a recession on any level, it is an economic must for global balance. As retail Forex traders we learn to keep our emotions in check to survive the volatility of the market swings. We should also keep our loyalties in check as to our currency preferences. Remembering always that any economic recession is merely a trading opportunity in two directions - up for one currency
, and down for the other. Our trading activity will actually benefit the struggling nation's recovery from the forces causing their economic contraction.
Looking few days back the recession started, oil price were in a hike, dollar value very low as predicted due to huge investment at peace process in asian countries(especially Iraq and Afghanistan) .But after the recession oil price nearly fell down to half the price few days prior to recession . Dollar rate rose to as high as ever.And not to forget the safest means of saving money GOLD.Gold price rose to double to nearly triple as people seem interested in buying the pretty yellow metal than spending and gambling money in the stock market because stock in course to collapse and every investors were getting lost in the stock market.As said every coin has two sides.Hike in gold and dollar value turned out to be the good news to the forex investors.Dollar value was as high as one could imagine.Investors, unlike in the stock market, were gaining a chance to make money in forex.
While no one wants to see a recession on any level, it is an economic must for global balance. As retail Forex traders we learn to keep our emotions in check to survive the volatility of the market swings. We should also keep our loyalties in check as to our currency preferences. Remembering always that any economic recession is merely a trading opportunity in two directions - up for one currency
, and down for the other. Our trading activity will actually benefit the struggling nation's recovery from the forces causing their economic contraction.
Comments
Post a Comment