Rich or poor is a matter of perspective. Just as high and low, thick and thin, and up or down. We can only really measure a thing when we have a point of reference. Then, from that point we can explain where something else is in relation. For example, the $EURUSD (Euro Vs US Dollar) is right now at the highest point that it’s been since 2011. However, if we zoom out the chart, we’ll see that it’s still pretty low in relation to where it was in 2008. This is the CopyTrader Gains Report for the week ending March 7th, 2014.
The name of the game is to buy low and sell high. This is why many investors in eToro are selling things like the Euro, the British Pound, and the $SPX500. All 3 of these are very high right now in relation to where they’ve been for the past few years. That doesn’t mean that they’ll fall today. But from the perspective of our Popular Investors, the sentiment seems to be that what goes up must come down.
Register For...
Free Trade Alerts
Education
1-on-1 Support
eToro Copytrader Tips