Global

More small investors are pouring their money into Forex.
Betting that US$ would Depreciate More.
I saw a report recently stating this.
I had to confess I was one of them.

Putting money into where my mouth was.
I made a small bet by buying Japanese Yen on 4 August.
Just to test the water.
Aiming to make a 5% Profit within 8 weeks.

JPY did Appreciate against US$ & HK$.

But the problem is,
I bought it with my NZ$.
With NZ$50,000.
And NZ$ has been rising against Japanese Yen.

I bought when NZ$ 1= JPY 63.24.
Now, it's NZ$1 = JPY 64.97

http://www.hsbcnet.com/treasury/market-data

So, I'm now suffering a Paper Loss of about 2.7%!

But then again, I just figured out one very important point.
Only A$ & NZ$(of 4 currencies I monitor)have been appreciating against JPY.

What about the Sterling Pounds?

What was the exchange rate on 4 August?

http://www.oanda.com/convert/fxhistory

It was 1 Sterling Pound = JPY 159.6980
And it is now 1 Sterling Pound = JPY 143.7950

So an initial Paper Loss of about 2.7% has now been turned into.....
A Paper Profit of about 10%!!!

And I do need More Sterling Pounds for....
Could I have a Little Secret for the time being.

When buying JPY on 4 August, I aimed for a 5% Profit.
Then, I found I'd a 2.7% Paper Loss.
And now, I find I've a 10% paper Profit.

Amusing how thing could be turned around without me doing anything!

This's why I've been Stressing the importance of having a...
Global Vision.

Never restrict your investment opportunity,
To One Investment Tool,
To One Country.

Because Opportunity is here Everyday, Everywhere.

Fate
Opportunity Comes for those CAN see it
www.myboysmybos.blogspot.com