I heard Warren Buffet on the radio this morning talking about the effect the global recession is having on his business.
He's not involved with any forex program trading, as far as I know -- no trading currency for the world's best-known and probably most successful investor -- but has, rather, made money in shares and especially trading penny shares.
But his answer to the reporter was very interesting for forex traders.
He said he was going to work to buy and sell shares.
Not to look at the views of economists.
He explained himself by expanding on this, and said he did not know if the world's economy was on the way up or down.
And that did not concern him, he added.
Because he went to his office today to consider the value of companies.
How well they were performing, what their prospects were, if their share price reflected that, and so on.
In other words, he was going to work to think about real businesses and how they were doing.
Not the predictions of economists.
This is from the man who, in March this year, famously said the world's economy had "fallen off a cliff".
And yet here he is studying companies and analyzing how they were running.
He seems to be unconcerned about the impact of a recession on his business, even though the value of some of his investments (coca cola, for instance) have dropped significantly in recent times.
Well, we are not all Warren Buffets.
But we can all have a hand in the vibrant forex market, and get into trading currency, with a positive attitude, just like Buffet.
The forex market is not going to go away.
It is too value to too many people -- both big company executives and small, ordinary people -- to stop functioning.
And as long as it is working a forex investor can be poised on the sidelines waiting for those opportunities made possible by the unique leverage available in the forex market.