Are there profit opportunities out there in forex?
The foreign exchange market is a global decentralized or over-the-counter market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current or determined prices.
Right now the weak Euro is making news. Here is today’s article from the Wall Street Journal:
But feel free to discuss here profit opportunity you see with any foreign currency, anything from the Euro, to the Loonie, to . . . . . whatever! Any foreign currency you like.
I still remember an instance decades ago where the British pound sterling was just falling out of bed on the low side. I was watching the price action in disbelief and sensed opportunity to stock up on sterling using my powerful dollars.
However, I was very busy working in those days and I really did not have the time or experience needed to pull the trade off. So:
I did not act, sterling recovered, and I missed out. Opportunity lost.