Tutorial Forex

To say that the equities markets have been erratic during the last ten years is somewhat of an understatement. There’s never been volatility like this in both directions during such a short span.

Let’s take a look back to the beginning of the decade. Times were great in the financial world. In fact, the indexes hit all-time highs and there were aggressive gains in the markets almost every day.

People were doubling their money within months, and overnight millionaires were born. Just about everyone out there was trading stocks, and many quit their jobs for the sake of day trading. CNBC was a fixture on television sets around the country.

The NASDAQ’s all-time high of over 5,000 still seems surreal today, and things quickly corrected themselves. Many stocks were fractions of their previous high just months after things peaked.

Within the span of a year and a half, things went from glory to gloom. The fall of 2001 was the low point of the market during the beginning of the decade, as some major declines took place after the terrorist attacks on our homeland. The state of the economy was very uncertain.

Things slowly rebounded during the next few years, until the Dow Jones industrial average rallied to an all-time high in 2006, breaking 14,000 at one point. Many feared another bubble that was bound to correct itself.

Not only were the equities markets thriving, but fortunes were being made through foreign exchange currency trading and commodities trading. Even vehicles like ETFs began to spring up and attracted heavy investment money.

Once again, the doom kicked back in and the markets hit their lowest points since the 1990s. Things have since rebounded a bit, but it makes you wonder where we might be headed next. Something tells me that wherever we go, it’ll be a wild ride

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