USD in the long run

The great Lebanese poet Kahlil Gibran once wrote that sometimes the mountain is clearer from the plain than the summit. This insight could be applied to the foreign exchange market. Currencies in the modern era, not backed by gold or silver as was traditionally the case, have no intrinsic value. They are accepted because the governments have commanded it; they are what economists call fiat money. 

Day-to-day volatility is so great that it is difficult for even professionals to consistently

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