Thread: "Survey: 2008 will be an upward or bassist year?"

For me, the 2008 key will be oil.High prices will boost currencies linked to raw materials and damage economies dependent on energy import.If you understand this relationship, you will be in a better position to make intelligent decisions.

All this debate between bull and bear is a waste of time.What do you care if it is bullish or bassist?Do your work as a trader: Find good tickets, manage your risk and make sure you go out with benefits.

Citing: "Do your work as a trader ..." Understood.Although these discussions are useful to understand the perspective of others, it should not be the main approach.Thanks for the reminder.I will keep my focus on what really matters.

2008 will be the year of "Carry Trade".The coins with high rates such as the AUD and the NZD will continue to attract investors.While the rates in the US and Europe remain low, the capital flow will continue towards these economies.

The problem of Carry Trade is that an unexpected crisis can trigger a massive reversal.If you are operating in those coins, make sure you have a plan to get out quickly if the market turns against you.

Citing: "An unexpected crisis can trigger a massive reversal ..." That sounds terrifying, but it is also a valuable warning.I will investigate more about the Carry Trade before considering operating with him.

Do you really need to worry about the whole year?The market changes every week, sometimes every day.Focus on what you can control and do not try to cover more than necessary.

For me, this will be a bassist year in general, but that does not mean that there are no temporary bullish opportunities.The key is to know when to change position and adapt to market flow.

Citing: "Know when to change position ..." That makes sense.Maybe I'm trying to be too rigid in my approach.I will work to be more flexible and be ready to change direction if necessary.

Do not forget to follow the economic news.The great global events will be the ones that determine if it is an upward or bassist year.The patience and detailed analysis will be your best allies.