Dear Friends,
Is this a good time time to start trading or not ?
Due to the recent episodes on the world economy (Northern Rock and the like) and the fear of a recession on the USA, what would you recommend to a begginer:
[ol]
[li]should one be more carefull than usual when investing now?[/li][li]should I wait for the market to “cool down” ?[/li][li]or should I continue trading as usual, because one can profit when the market is going “up” as well as going “down”, provided that he knows what he’s doing and has finished Babypips school… ;)[/ol]Kindest Regards[/li]/Ricardo
If you were to wait for the right time to start trading you would probably never do so. There’s always something going on to keep things interesting. That’s pretty much the whole point.
Many people ask the same question in other investing fields, such as real estate. Most people get out of the real estate market when prices start to fall, and the pros buy up everything at a bargain price. Then, when the prices go back up (as they always do), they sell those properties back to the inexperienced investors and make a killing.
[B][I]Those who know what they’re doing[/I][/B] can make money in any market, good or bad.
The key is knowledge and applying that knowledge properly.
if you want to go to somewhere , you don’t stay at home up to all traffic lights are green.
all days you left home and don’t think about any problem in your way.
the Forex and any other Markets, are like WAY when you want to left home ,
every year we have new problem , don’t stop to they are solved
Remember, you can go long or short with Forex quite easily. So let the US Dollar drop. Let the housing market tank. Let the Nikkei freak out during it’s dip.
In Forex, despite the long term news, you can always react to it and profit. Before I went live, I shorted the USD back in October when it was dropping like a rock and I doubled my demo account in a single month.
Gotta agree… I don’t care whats going on in the world… all i care is that things move… In fact, the more instability in the U.S. markets are only going to fuel the volatility in the FX markets if anything, making them make more swings to trade.
