It’s not just the dollar so swing trading time frames must include an appropriate value for the currency to the exchange rate. It could be in the range – for example – of US$10 a unit to the yen.
If you are trading in an exchange-traded product, the rate is usually expressed as an average to make your risk aware – for example:
5 yen = USD 40 a unit
A range of 30 to 50 yen = USD 60 to 70 a unit.
If the exchange rate fluctuates, or the country you are trading in changes (eg: Singapore will be the second currency you will trade with after USD), an adjustment can be made – eg:
I think that I am one who has been wrong in my predictions, even after reading the whole “Titanic” article of yours on the BBC article. I never got anything good out of my “Titanic” investment. And my guess is that I will never get something good out of my “Titanic” speculation. To summarize: (1) the “Jaws” film that I had hoped to get made, has not been made; and (2) that I hoped to buy a 50% interest in the stock that is being sold on the stock market, has not been purchased.
I hope someday to have been proven wrong of course, but the truth is that I can never be sure. I may be wrong, of course, but there is no way I can prove it. If I had a 50% interest that might be the thing that would prove it. If I never do get anything out of “Titanic” it may be that I got nothing out of the “Titanic” rumor. But on the other hand, I may get something good out of that rumor. So, it is impossible for me to know. The thing to keep in mind is that in the real world the truth always comes out even if things are not as we expect them to be. I can never predict the future; but I can certainly take advantage of the opportunities that are likely to happen.
The time will come when it will become more acceptable to speculate a little more than once a month. After all I can speculate like crazy. If the big news is not the “Olympic Games” it may be “Jaws” or “Olympic Games”.
What I think is that there is no point in doing anything for me when there is so much
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