Replies to post #12102 on FOREX TRADERS

[Ataglance2]

absolutly..
Hype.....Remember the euro and the world could not sustain without the mighty Dollar..
And the central bankers know it all too well.

[Dr Wonderful]

At least in Forex you can get the hell out of a trade in a split second (if you're with a non-deal desk broker). I've been in penny plays where they've been running or crashing but the volume isn't there and I could not even get out for 30 minutes!

The penny stock mentality may be in Forex - but it only represents .001% of the actual money changing hands. It has no influence, no one can manipulate this market. You can post on every Forex board on Earth that a nuclear bo mb went off in London and the GBP won't be affected (unless it was real of course)

In penny stocks one idiot starts a rumor and the shit hits the fan! In Forex it takes a global event, and the banks have to decide to make a move. You, I and thousands of retail Forex traders are NOTHING. That's the difference.

[Capitalist]

Same thing with the doom and gloom scenarios on the carry trade. Everyone leaps from their office window every time a central bank somewhere intervenes to try to keep their currency down.

In the big picture, if there's a huge interest rate differential between two currencies, the market is going to bid the higher one up against the lower one. As long as there is a real fundamental reason for NZD or AUD to rise against the yen for instance, they will.