Last update 2020.08.05
In Chinese culture, the year of the Rat brings a new cycle of twelve years and comes as a sign of wealth and surplus. The year of Rat in 2020 is considered a “Metal Rat” which signifies that those born in the year of the Rat tend to be reliable and live a stable life.
For many who believe in Chinese zodiac, the year of the rat can mean that they may hold some power and are able to turn unlucky events into fortune, such as with forex trading and investing. Having the right mindset is really the first step and spirit we need to start a new life to achieve prosperity.
In this Lunar New Year, China aimed to truly celebrate abundance and intelligence, despite the Coronavirus, the holiday period was extended. The country is running fast to become the biggest economy worldwide as we covered in previous articles.
China still has problems to solve, but so does every other country.
I became an admirer of Chinese culture a long time ago. Firstly because of its long history of innovation and inventive capacity. Secondly because they must deal with a huge economic challenge, like how to remove millions of people from poverty. Both innovations and economic empowerment are my topics of research.
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- China will probably be the biggest economy in the world in the next ten years.
- Forex trading can be a good way to invest money, with the right trading plan to manage risk/reward potential.
- According to Chinese Zodiac, Rats are clever, quick thinkers, and successful, yet are content with living a quiet and peaceful life.
- You can check the latest Wiseinvest forex signals here. Visit the forex broker that we use to trade: FXCM.com.
Did you enjoy reading “The Year of the Rat and the Forex?” See more on our website wiseinvest.ai/education.
Disclaimer: Forex and Contracts for Difference (CFDs) are complex instruments and come with a high risk of losing money due to leverage. Forex trading is not suitable for everyone. You should consider whether you understand how forex and CFDs work and whether you can afford to take the high risk of losing your money.
The forex brokerages displayed shall disclaim the overall performance of traders in their platforms. Oanda warns that 76.8% of retail forex traders lose money trading CFDs. XTB warns that 80% of retail forex traders lose money trading CFDs. The forex broker Fxcm warns that 69.66% of retail forex traders lose money trading CFDs.
The performances aforementioned are not related to Wiseinvest AI forex trading and AI forex signals system. You can check the performance of our AI forex system on our dashboard.