Some Say USDKRW Is the VIX if the Currency Market. South Korea's currency is pretty much worthless currency relegated to being used as an "entertaining" VIX that pops up and falls down like a K-pop star. One can see leading up to the dot com bust and previous busts that the USDKRW pair rose up in a VIX like way. Will history repeat itself? I am posting this to track it for future reference leading up to a recession.
You won't be able to trade on margin but at least you'll be able to walk in the rate at a really good exchange rate and then just wait for it to strengthen or bounce.
when it strengthen, trade it all back. make the money off the straight-up exchange rate.
hit that target in no time at all.
Think it might run a big exhaustion candle up above 2000?