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Weak Dollar Affects Study Abroad Programs
Yesterday I talked about how the weak dollar has affected the Film Industry. Today, the Wall Street Journal has an article about how the weak dollar is affecting study abroad programs. With the greenback down 20% against the Danish krone and up 4%
against the Argentine peso in the past two years, there is a new trend
of college students opting to study abroad in Asia, South America or
Africa instead of Europe. According to Geoffrey Bannister, president and chief academic
officer of Cultural Experiences Abroad, a company based in Tempe,
Ariz., that runs study-abroad programs, enrollment in the company’s
Western Europe programs grew just 8% for next fall, much less than the
usual increase of 20% to 25%. Buenos Aires, meanwhile, is getting a lot
of interest, he says. by Kathy Lien (Kathy Lien) Disclaimer: Please note that charts and commentary provided by the moderator are for educational purposes only. Any trades placed upon reliance on the moderator’s charts or information is taken at your own risk for your own account. Past performance is no guarantee of future results. While there is great potential for reward trading stocks, futures and options, there is also substantial risk of loss and you must decide your own suitability to trade. Future trading results can never be guaranteed. This is not an offer to buy or sell stock, futures, options or commodity interests. Most trading systems are based on historical formulas which have worked in the past. However, what has happened before may or may not happen again. You can lose all your money trading stocks, futures, and options and you must decide your own suitability as to whether or not to trade. Only trade with true risk capital you can afford to lose. Only trade markets you can properly afford to trade. Properly funded trading accounts typically perform better than those that are not. Never risk more than 2-3% of your account on any one trade. Always define your risk before entering a trade and place a stop to limit your risk. There are no guarantees or certainties in trading. Trading involves hard work, risk, discipline and the ability to follow rules and trade through any tough periods during a system’s draw downs. If you are looking for a guarantee, trading is probably not for you. Most people lose money trading. One of the reasons is that they lack discipline and are unable to be consistent. A system can help you become consistent. Ironically, worrying about the monetary aspect of trading can contribute to and cause a trader to make trading errors. Therefore, it is important to only trade with true risk capital. |
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