Sunday, January 13, 2008

Sunday Forex Reflections

Today I am wondering if I'm trying to do this the hard way.

Trading the AUDJPY is pretty perilous. There are all kinds of stock market driven perturbations that make the price gyrate around in a mad frenzy. This makes it difficult to get some funds into the market without risking some massive continued downturn.

If you don't take your profits when they are presented, you risk seeing your profit quickly erased... with the chance for a return to profitability at some vague point in time somewhere in the future.

Other currency pairs, that don't present a carry opportunity, could also be traded. They will move around based on more traditional influences -- which might be a little slower moving and easier to capitalize on.

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