It’s hard to believe but it’s true that the price of the car of each country is totally different. Let’s compare between the cars in Sweden and Thailand, I can see the big different of the price even it’s the same brand of the car. For BMW, in Sweden they sell it about $3,500 but in Thailand you can’t even get the cheap Japanese car with the price. BMW in Thailand costs the customers at least $16,000, more that price is only for second-hand BMW car.

So if we see the economy of these two countries, we will see that Sweden is a lot better. But why the price of the car in Sweden is a lot cheaper than in Thailand. Also the average income of Thais is about $500 a month, so I have no idea how could Thais afford to buy a car with that price.

It’s not only BMW, but also other car brands have the high sale records in Thailand as well. I still have no idea how Thais could be able to buy a car comparing with their average income, the only reason I can guess is that many rich people buy many cars or all Thai people have debt on cars. Maybe you can tell me.

The last thing to consider to predict the currency is the “currency signal”

The first three things which I have mentioned before in the previous blogs are currency chart, fundamentals and the history. If you are interested you can move back the date of the posts and check them out but for this post, I would like to explain one last thing you need to consider to predict the currency which is the currency signal.

There is a service signal provider which will provide you the quickest and the easiest way to find out the ways to predict the currency trend. Most currency signals are provided on a subscription basis, they are not free and may not necessarily be right. Anyhow, it’s very convenient still for people who need to predict the currency trend all the time.

So remember the important four things to consider to predict the currency things which are currency history, currency chats, currency signals and fundamentals.

Besides from the first factor which might impact the currency trend which is history that I told you before from the previous post. Now I have two more importanct factors what you have to consider of in order to predict the currency trend as well which are currency chart and fundamentals.

Currency Chart:

A more popular method of trying to predict FOREX market trends is to keep currency charts that predict where currencies are likely to be going over the coming days, weeks and even months. One aspect you do need to be aware of with predicting currency trends using FOREX charts is that the information is normally submitted by yourself and is rarely verified.

Fundamentals:

Look at the fundamentals of the economic like interest rates, retail price index and others and see if any of fundamentals of economic might have the impact to the currency market trend. It can help you make a decision easier that you should buy or sell the currency or not.