More Forex And Forex Trading News
Our Featured How To Trade Forex Writer
Additional Info On Forex Today
forex chart
FAIR VALUE
The concept of fair value in any currency is largely that of CBers and economists and not much about trading. Almost always currencies overshoot from the fair value areas some 20-30% in their medium-term trend and what makes all hard currencies range in reasonable areas overtime since we had this floating regime in 1971 must the ability of relevant CBs to control the currency ranges and their real economy's weakness or strength to support those ranges. ECB folks were not joking when they said Eur/usd was some 25% undervalued from the fair value when Eur/Usd was below parity levels two years ago. Same goes for BOJ when they were saying Yen was some 10-20% overvalued when it was trading around 100 some three years ago too. That is how these folks view the markets and try to guide the market. Of course, when US Treasury folks say "Dollar is still strong" when it is falling, they are begging the market to sell more dollars
More info on a great Forex system
currency convertor
FX traders include governments, corporations and fund managers doing business with foreign countries, that need to exchange one currency for another, and speculators who seek to profit from price movements in the markets.
currency trading
Corrections may take days or longer to complete. Good quality info is everything in this game. Bottom picking in the Usd/Jpy is the Mother of all risky trades. We learn how to trade till we stop trading and we learn from each other everyday. That is the beauty of trading and life in general.
How To Trade Forex Stories
No Comment Today - - Next Comment 11/15/07
Fri, 09 Nov 2007 06:19:32 GMT
We won't be able to write a typical comment today.
Forex Trading System
Additional Info On Forex Today
forex chart
FAIR VALUE
The concept of fair value in any currency is largely that of CBers and economists and not much about trading. Almost always currencies overshoot from the fair value areas some 20-30% in their medium-term trend and what makes all hard currencies range in reasonable areas overtime since we had this floating regime in 1971 must the ability of relevant CBs to control the currency ranges and their real economy's weakness or strength to support those ranges. ECB folks were not joking when they said Eur/usd was some 25% undervalued from the fair value when Eur/Usd was below parity levels two years ago. Same goes for BOJ when they were saying Yen was some 10-20% overvalued when it was trading around 100 some three years ago too. That is how these folks view the markets and try to guide the market. Of course, when US Treasury folks say "Dollar is still strong" when it is falling, they are begging the market to sell more dollars
More info on a great Forex system
currency convertor
FX traders include governments, corporations and fund managers doing business with foreign countries, that need to exchange one currency for another, and speculators who seek to profit from price movements in the markets.
currency trading
Corrections may take days or longer to complete. Good quality info is everything in this game. Bottom picking in the Usd/Jpy is the Mother of all risky trades. We learn how to trade till we stop trading and we learn from each other everyday. That is the beauty of trading and life in general.
How To Trade Forex Stories
No Comment Today - - Next Comment 11/15/07
Fri, 09 Nov 2007 06:19:32 GMT
We won't be able to write a typical comment today.
Forex Trading System
Labels: Online Forex
posted by the forex guru at 7:01 PM
0 Comments:
Post a Comment
<< Home