2007 in Review

Hi Traders

What's reasult have beeb in previous years of your Trading...

The year 2007 was a wild year for Forex trading. In 2007 we saw the US Dollar fall from the sky against almost every major world currency including the Euro, British Pound, Swiss Franc, and Canadian Dollar just to name a few. In turn, all of these other world currencies hit record highs. Trading the Forex market was pretty much the norm until the second week of August when the “Credit Crisis” hit sending the fear to Wall Street that the financial sector was on the brink of complete disaster due to the rising interest rates and massive defaults on mortgage loans. Things did stabilize, but the fear of another crash still lurks in the air. All-in-all it was a great year of volatility and there were plenty of opportunities to make money.



Until August 2007 forecasts were quite easy to make with nothing really on the books to bring interest to the US Dollar. In January 2007, we predicted the highs in both the Euro and British Pound calling 2007 “The Year of the Pound”. The run on the Canadian Dollar was quite a surprise, yet could be expected when you reach $100 a barrel in oil as the Canadian currency seems to trend with oil prices. After August the systematic trader seemed to struggle just a bit with up and down moves on the smallest of news. We heard of other traders busting their accounts due to bad money management during the Credit Crisis fall. Our On Target System did struggle into the end of the year as well, as markets trends switch direction on every wind of news. The Premier system also saw several drawdown periods, yet the Premier system was able to weather the storms quite well and we saw several double digit return months in this trading strategies short history. But enough about the past, let’s explore what the future has to offer.

Regards
Forex.DelijaWorld