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Trading Lessons from the MOST EXPERIENCED Trader I've Met

Humbled Traders

CHAPTER

The Importance of Trading Currency

Trading Forex was very popular for us in 2008 onward because before the stock market was fully recovered trading currency seemed to be like the liquid thing to do that couldn't really hurt you. But then at 1.30 AM Pacific, I believe it should be September 11th, 2010, 2011,. The Swiss national bank came out saying, Hey, the strong Swiss Frank is hurting our exports. We're going to we're going to defend the Swiss Frank by selling into the market and lowering its value so that people in the euro zone will buy from us. Currency went down 9 10% in the 60 seconds. That was about $120,000 loss in a minute or two. And that

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