Financial crisis has wrapped its frosty grip all around the world. Foreign exchange markets have been weakened and cries for stabilization in currencies are being heard on every corner.
New Wave Of Forex Millionaires Is Being Born!
Forex traders are in panic and fewer currencies are being “trusted”. To add more chaos to the story, exchange rates are taking a beating all around the globe. However, with all respect to massive economic tragedy, some traders manage to make lots and lots of money during this uncertain financial circumstance. I choose to be one of them!
Today forex market is insane. Witnessing rapid ups and sudden downs of currency pairs is something no forex broker has ever seen before. Economic history is building itself from a scratch and it is one of the most dramatic eras in currency exchange.
Almost every strategy and analysis known to forex trader fails to predict. None of the systems, for example, showed the fall of GBP/USD 1000 pips within couple of hours on 24th October 2008. There is no respect to support/resistance lines, no guarantees in general predictions, no hints in news trading.
Well, actually, there are always hints in news trading, but how can you predict on something you see for the first time? This is what I personally call a free fall in forex trading. It makes me wonder if forex market will ever be the same again…
The crazy fundamental change in forex market brings tones of profit opportunities. We are all witnessing unrealistic price movements which lead to a fair chunk of cash if caught on time.
Many forex brokers tend to stay out of trading due to economic crisis, but I say go for it if it isn’t too hard to grasp. The whole beauty of forex trading is the chance to make a lot of money within seconds. The tasty profits are everywhere now and forex trading is basically the only investment that brings cash.
It might sound crazy, but I strongly believe that this economic crisis actually builds a new wave of millionaires. I choose to be one of them, or at least try, instead of sitting still and waiting for tsunami to calm down. A believe that forex trading shouldn’t be all predictable and easy. Right now, when things are gloomy everywhere else, forex market is blooming with profitable prospects.