What is hopium? | Forex Factory

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What is hopium?

  • #1
  • First Post: Dec 13, 2011 7:14pm Dec 13, 2011 7:14pm
I can't find a clear definition on the word 'hopium' anywhere, even uncle Google can't find one. So I ask here.

What is hopium?

From the way people use it, I assume it means price's jumpy times because of some issue like this EU summit. It's sounds like a hop plus opium, sort of hopping when 'fly'.

If you think you have a clearer definition of the word 'hopium', please share.

The tone of your words reflects the quality and result of your trading ;-)
  • #2
  • Dec 13, 2011 8:51pm Dec 13, 2011 8:51pm
Quoting isaacyassar
I can't find a clear definition on the word 'hopium' anywhere, even uncle Google can't find one. So I ask here.

What is hopium?

From the way people use it, I assume it means price's jumpy times because of some issue like this EU summit. It's sounds like a hop plus opium, sort of hopping when 'fly'.

If you think you have a clearer definition of the word 'hopium', please share.

instead of hop + opium i think its hope + opium, meaning that even though everything going to shlts, people are blindly hoping that disaster wont happen. Kind of like hoping eurozone will fix its problems and buying euro even though its progressively getting worse.
  • #3
  • Last Post: Dec 14, 2011 2:43am Dec 14, 2011 2:43am
Quoting jwlee7ucla
instead of hop + opium i think its hope + opium, meaning that even though everything going to shlts, people are blindly hoping that disaster wont happen. Kind of like hoping eurozone will fix its problems and buying euro even though its progressively getting worse.
Aha, that's more make sense than my assumption. Thanks!
The tone of your words reflects the quality and result of your trading ;-)
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