and what if things go sour by 1000 pips or more ?
you can close out the winning side but the losing side may never
break even again even if you were to average down several
times...............and if you're paying negative swap, situation
lagi worse..........
with Dow Jones expectedly to go south now and plus more bad news
expected from Eastern European nations (Greece just tip of
iceberg), USD will go up in the medium term. i reckon best if you
buy Eur/Usd when it's around 1.25 then hold it for long term.
or simply buy Nzd/Usd when it's really low since each pip worth
more and better positive swap plus not so volatile as Aud/Usd.
any good lobangs to share ?
As I have said, I am willing to take such risk and also, I am
that kind of person who is willing to hold my position for longterm
gains.
DJ is expected to go down, but the EUR will go up(longterm),
together with the Swiss Franc(the reason why it suddenly plunged
was prolly because Libya pulled out investments and assets from
Switzerland due to a dispute).
I know Greece is just the tip of the iceberg, but should the
other governments rake in spending and also cut public debt slowly
their economies will reflect positive results.
Portugal is making small steps and also Spain is taking its move
to cut debt seriously.
According to my plotted graphs and charts the EUR/USD will not
plunge to 1.25, at the most 1.28. It shouldn't be that bad.
In any case, I have my plans.
