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foreign currency account malaysia comparison

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04 March 2023 02 March 2023

Forex Secrets

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It’s horrible to think about what might happen to the USD rate in such a case. The USD rate at the Forex market would drop by just 1-2%. I hope my opponents who claim that there is no system to control the forex brokers market will remember basic economic laws. The spontaneous market, which is a barometer, establishes the true price of goods based on demand and supply (in this case it is the real exchange rate for any national currency).

Episode 2. The Hurricane Katrina and the Flood in USA, September 7, 2005. Stable increase in USD rate Chronology of events.

Many states of the USA were submerged as a result of the dam (dike). Industries, agriculture, and the transport system were all destroyed. Not only did this cause panic among the common people, but also among officials at various ranks. Many hundreds and thousands perished. Looting was a common occurrence. Soldiers of the USA army shot many looters and people who were desperately hungry or thirsty. This hurricane was declared a disaster by the USA government. A new plan for civic defense was created (BBC). This is the complete chronology of events.

“Katrina” was bringing down the USA. Louisiana senators requested $250 billion from the federal budget to get over “Katrina’s” effects.

It is a great example of the most devastating natural catastrophes that have occurred in USA over the past decade. The financial assistance for USA came from even the most poor country in the world, Haiti ($ 36 thousand). Ukraine provided 1 million hrivnias, etc.

What happened to the USD rate on the Forex market that was controllable? Despite all economic laws and common sense, the USD rate rose!

Chart 8.7. Chart 8.7.

Chart 8.8. Chart 8.8.

A few words for traders

My opinion is that the thesis that Forex has changed from a spontaneous market to a controllable market does not require further proofs. Therefore, Forex traders need to make adjustments in strategy and tactics.

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