Coming soon LESSON 3:If I watch the market long enough can I predict its crazy moves?
After following the forex markets on and off love and hate relationship for three years the market is like a bunny rabbit on crack. It goes up when it sees good financial news and goes down when the news is not so good. Forex caught my eye when I did a demo on www.forex.com and did pretty good. Well the last few months have been brutal. I keep trying and the very first step is to use charts www.netdania.com is the only one I use.
Well I can tell you for me and my family the holidays will not be a big one. Today being Turkey Day we will be living "small". No big turkey shin dig like last year. Nope. Anyway many people I've talked to say they've already celebrated the holiday early. That's good. If you read the paper or the news you know the feeling this season and this year is...gloom. I feel like there's a monkey on my back whenever I go out shopping. You can see it in everyone's eye now.
Parking lots are packed in malls across the country but this year cannot campare to last holiday season - that would be like try to dunk a basketball starting on your knees. But its not all bad, deep discouts up to 40-80% off is the norm - that is if you have the money. Here's a good article on the holiday season.
http://biz.yahoo.com/ap/081127/holiday_bust.html
Forex Strategy for week Nov28 - Dec 5
2008 HOLIDAY SEASON -WORST EVER-
Unless the market looks forward to the obama admin news eur/usd should be going down at least two days next week.
Coming soon lesson 4

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