The Geek Forum

[Capitalist]

Well the exchange rates bounce around a lot, but they're a lot more "trendy" than stocks. Also, no one can really manipulate the rates, not even the central banks. The FOREX market is just too huge. There's almost TWO TRILLION dollars a DAY that gets traded in FOREX I think.

The European finance ministers just came out today and said they all want the Euro to stay below $1.30, and their central banks are probably going to try to keep it down there, but ultimately the market is going to go where it wants to. No one group can screw with it.

I'm short the New Zealand dollar in my demo account right now, but I'm just sort of exploring the platform and developing a feel the market before I open a live account again.