Q told us it was over before it started. Don't forget that.
This 'show' is re education for normies.
We need to let it happen.
We're not fully 'awake' yet, but get the grasp.
We know enough to stand aside and allow others to awaken.
Peace.
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So, if a chart with USD as the prefix looks like it's going up, then by going long, technically you're buying dollars and selling the suffix. USDJPY USDCHF USDCAD for example. I'm long USDCHF so I'm buying dollars and selling Swiss [cheese] :) Naturally the opposite is true with USD as the suffix. EURUSD GBPUSD AUDUSD. If they're going up and you go long, technically your selling dollar and buying the prefix
i understand buying the dollar... but what do you mean by "buying the prefix?"
Currency pairs are just that, pairs. One vs another. EURUSD or USDJPY The prefix is the the first currency in the pair and the suffix the second of the pair. Look at a EURUSD and a USDCHF chart at the same time. Opposite directions. Why? Because look at the prefeix and suffix of the pair. eurUSD $ is suffix, USDchf $ is prefix. Also a clever way of trading other pairs. For example if you look at EURGBP you can gauge whether EUR is stronger or weaker than pound. Then look at USDJPY and see whether USD is stronger or weaker than Yen. then trade EURUSD or GBPUSD or GBPJPY or EURJPY accordingly. Example - EURGBP is going up. That's Euro strength and Pound weakness USDJPY is also going up. That's Dollar strength and Yen weakness. So from this we can say that EURUSD will probably go nowhere as both the euro and the usd are strong. Better to look for shorting GBPUSD or going long EURJPY
i'm going to read this dozens of times, thank you
Youre very welcome.
Youre very welcome.