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Chapter 11. Black Swans and Rogue Traders

Chapter 11. Black Swans and Rogue Traders

No market or investment is a sure thing. Foreign exchange investors must be especially careful, because the Forex market can be blindsided from many different directions. Nothing in the Forex market is “unthinkable.” A terrorist attack, an upset in an election, or an off-the-cuff comment from a government official can set off a storm of speculation and trading. Or perhaps a government simply does something everyone assumed was impossible—a devaluation or an intervention. These events are “black swans,” which represent something utterly surprising and unusual.


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