Recently i was watching movie Zeitgeist. Pretty cool movie if you haven't seen it i advice you to do it. It consists of three parts first is about Christianity and Jesus, second amd third are about America, power and money which interests most i belive.
Anyway, in a part three there is mentioned new currency Amero. Which will be new currency for North America (Canada, USA, Mexico). So it seems that end for our favourite currency pair is neer, and the question is not: will it happen? will USD will be replaced with Amero? but rather when will it happen? From my informations it will be around 2010, but really it is hard to tell.
The best way to replace USD is to make it weaker and weaker which is happening and we can see it on our Forex charts. So maybe it is a good idea to take long term position against dollar?
This is not important. What is important is this. How will new currency affect Forex market? In my opinion not much. It will be a currency as any other currency on Forex, the only problem will be a fact that there will be no history for it.
This means no backtesting, and even no "space" for technical analysis. However these will be problems only for long term traders or swing traders. I guess scalpers will be okay with this because they do not need a lot of data, but i do not know i am not a scalper.
However, what concerns me most is that we will loose three currencies and gain only one new, which happen further again because of Asian union which is getting ready to introduce asian currency (asio?).
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FOREX — the foreign exchange market is the and the most liquid financial market with the daily volume.
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The forex market fluctuates more that is the reason why most of traders trade in stocks using some Intraday SGX Signals or other tips provided by financial advisers.
Forex market is most difficult of all the market to understand. Traders often find it difficult to trade here as risk is also high here.
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This site helps me in gathering knowledge about Forex. Though Forex is the largest business so currencies of different countries are the main ingredient of Forex business. A trader can trade with Forex as a part time job as well as professional one. We should trade with an regulated broker like I am trading with Trade12. It has many facilities and free from technical errors.
Much gratefulness to you for this boggling writhing. I would expect more articles from you. I do love Options trading. I slant toward lxmarkets as one of the best options broker and i trade with them and never at whatever point found any issues with the trading and in like way withdrawal. I see that its amazing broker. I am light to trade with such a standard broker with alluring in payout.
Strategy is an important matter for every Forex trader. Some prefer scalping strategy some prefer price action strategy.
Saar Pilosof
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