£ can only go up against €

zagfles

bcl999 wrote: »

Yes but it's the "gambling dens" who can influence the rate by their decisions to buy/sell, Joe Public hasn't a look-in.

Exactly. They set the rate by their decisions. If it was obvious the Euro was going to weaken, then the "gambling dens" would already have sold Euros and it would already have weakened. Any predictable future events will already be built into the rate.

Anyone who can predict better than the markets should already be a billionaire.

budgetflyer

most people could if they had the bottle. With stop losses you can still be in profit with only a 33% success rate. ie you can get it wrong most of the time.
Trouble with most traders is they start to think they are clever and start getting greedy and riskier. Thats when they bomb.

zagfles

budgetflyer wrote: »

most people could if they had the bottle. With stop losses you can still be in profit with only a 33% success rate. ie you can get it wrong most of the time.

:rotfl:
Let us know when you've got your yacht!

citykid5

what ever you do don't buy a house in the euro zone.
b0gga just thought? would mean more imagration

budgetflyer

An interesting take on the skill level of most city traders

http://www.amazon.co.uk/Fooled-Randomness-Hidden-Chance-Markets/dp/0141031484/ref=sr_1_1?s=books&ie=UTF8&qid=1335041257&sr=1-1

zagfles

budgetflyer wrote: »

An interesting take on the skill level of most city traders

http://www.amazon.co.uk/Fooled-Randomness-Hidden-Chance-Markets/dp/0141031484/ref=sr_1_1?s=books&ie=UTF8&qid=1335041257&sr=1-1

How did I know there'd be a book about it :rotfl:

2010

zagfles wrote: »

Anyone who can predict the direction of the markets won't be reading MSE. They'll be too busy drinking cocktails and admiring the sunset from their private yacht.

You seem to forget we`re on the holiday money board not the investing and gambling boards.

The average family just wants to know whether to get their euros now or in a few weeks/months time.

Try and get things in proportion.

scottishperson2

2010 wrote: »

The average family just wants to know whether to get their euros now or in a few weeks/months time.

And like I said at the start, no-one knows. No-one can predict the future.

scotty1971

2010 wrote: »

You seem to forget we`re on the holiday money board not the investing and gambling boards.

The average family just wants to know whether to get their euros now or in a few weeks/months time.

Try and get things in proportion.

couldn't have said it better myself,wish people would stick their crystal balls where the sun don't shine.sick of hearing about these crystal balls!!

scotty1971

scottishperson2 wrote: »

And like I said at the start, no-one knows. No-one can predict the future.

not asking for a prediction,just an opinion