Forex, what will happen after Hurricane Gustav strikes ?

Question

Im into forex and I want some advice from other forexers what will happen to the US economy? Should I buy the USD after Gustav attack? or should sell before/while Gustav attacks and ruined all oil platform?

Answer 1

What usually happens is oil will go up .Some currencies follow oil so I would short the dollar especially if you see oil on the rise.

Answer 2

It's not really possible to predict what will happen. What you can do is to play with the trend. Currently the USD is on an uptrend, so buying it makes sense to me.

Answer 3

I believed you have a plan in executing your trade for entry as well as for exit. General news or economic news could affect the currencies up or down and we wouldn't know what impact will the "disaster" do to the forex market.

Trading with the trend would also be my answer.

Tightening your stop-loss could be a better solution while letting the profit run.