The horseshoe is one of the most recognized symbols for good luck.
The way the horseshoe is hung and displayed means two things. Some believe that when the horseshoe is in upward position, like a “U”, it holds all the good luck and powers it brings. For them, hanging it upside down would mean that its powers would fall away… they take it as bad luck. However, others might believe the opposite. Like when it is in downward(upside down), they believe that all of the good luck, protective powers, and good fortune will shower up upon you and surround your home.
But wait, you're probably thinking, where did this superstition come from?
It is believed that the good luck powers of the horseshoe originate with the story of a blacksmith named Dunstan. The Devil came to Dunstan and requested that he fit him with new horseshoes. Dunstan recognized the devil and nailed a horseshoe onto his hoof. This caused the Devil great pain. While he was in agony, Dunstan chained him and only released him after the devil promised never to enter a place that had a horseshoe hung over the door. Dunstan became the Archbishop of Canterbury in 959 AD and is known as St. Dunstan.
Other horseshoe superstitions:
-Some believe that if guests come to a house where a horseshoe is above the door, they must leave by the same door through which they entered or they will take the luck from the horseshoe with them from the house.
-To assure good luck for the New Year, one should sleep with a horseshoe under his pillow on New Year's Eve.
-Finding a horseshoe is very lucky if the open space is facing towards you.
-If you dream of finding a horseshoe, good luck will come to you.