“Volatility gives you the chance of making rapid returns,” says Daryl Guppy, president and CEO of Guppytraders.com. “And that’s great for traders but lousy for investors – volatility keeps investors up at night!” Guppy quips.
Guppy feels that the main challenge is to make volatility a friend and not see it as the enemy. And many other analysts agree with him.
“We’re seeing a very healthy range of trading in terms of highs and lows. At least 300 to 500 pips. This has created a lot of interest for us as brokers. And clients are coming in to activate accounts because of this opportunity,” says Terrence Lee, assistant manager of PhillipCapital.
Kathy Lien, director of currency research at GFT adds that, “what you have to do in this market is look for different opportunities, because what you’re seeing is that equities are no longer providing returns a lot of investors are looking for.”