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Realities of Forex Investment
Ceinz
#891 Posted : Wednesday, April 06, 2011 11:06:07 AM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
EUR/JPY trade exited @ 121.63 (+122 pips) &
Gebby @ 138.92 (+ 101 pips)

Will be re-entering the long trades any time from now.
“small step for man”
Ceinz
#892 Posted : Wednesday, April 06, 2011 11:40:00 AM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
Gebby tumbles after bad uk figures out, but still will be looking for bull opportunities in GBP and EUR in anticipation of tommorows rate hike(s). Meanwhile waiting for Euro GDP figures.
“small step for man”
Ceinz
#893 Posted : Wednesday, April 06, 2011 11:42:56 AM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
Ceinz wrote:
Gebby tumbles after bad uk figures out, but still will be looking for bull opportunities in GBP and EUR in anticipation of tommorows rate hike(s). Meanwhile waiting for Euro GDP figures.


Good that I exited.
“small step for man”
Ceinz
#894 Posted : Wednesday, April 06, 2011 1:09:24 PM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
After loosing todays pizza unfairly, in the wapizza contest, I have decided to re-enter my EUR/JPY long position @121.80, SL 121.43
“small step for man”
QW25071985
#895 Posted : Wednesday, April 06, 2011 1:26:01 PM
Rank: Veteran

Joined: 3/25/2011
Posts: 946
Gbp/chf. Wow. Thats a 300 pip move.
Ceinz
#896 Posted : Wednesday, April 06, 2011 2:06:50 PM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
QW25071985 wrote:
Gbp/chf. Wow. Thats a 300 pip move.


Oops swiss franc is on fire, kwani there has been a spike on gold prices?
“small step for man”
Elaine
#897 Posted : Thursday, April 07, 2011 9:21:41 AM
Rank: New-farer

Joined: 2/10/2011
Posts: 11
Location: NAIROBI
Hey Guys....

I see that this is more of a forum for the experinced and you all started somewhere someday.

I need some help on how to go about FOREX.I have been reading extensively(forex) as this is my years objective.I now want to put what i have learnt into practise through a demo account for at least 9 months(remaining part of the year).This leads me to ask the experineced;

1.Which trading platform will be good?
2.I want one that can give me a max of free 3000 USD so that i practise with more of the same amount i would want to invest the first time i do real trading.

if u can assist on the two points...i will appreciate alot

Happy trading
Ceinz
#898 Posted : Thursday, April 07, 2011 9:24:22 AM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
hisah wrote:
The timeline....

The Supreme Court has given the Federal Reserve a two-week deadline to reveal where the money went (bailout 2008) -- as of Monday, March 21st. This decision is one of the most significant events in American history - April 4th....

The Democrats and Republicans in Congress cannot agree on a budget. The US government will therefore shut down as of April 8th -- and there is no indication anyone will stop it. That means no paychecks, no services, et cetera -- for an indeterminate time.

On April 8th @Brenton Woods - On this day, the first meeting to completely overhaul the world's financial system will take place. Other countries will now have much more of a say.

I am not saying all these will happen at the same time, but as currency players/traders, you need to be aware of these events...



If this is anything to go by it would be wise to be on the look out tomorrow.
“small step for man”
Ceinz
#899 Posted : Thursday, April 07, 2011 11:46:26 AM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
Elaine wrote:
Hey Guys....

I see that this is more of a forum for the experinced and you all started somewhere someday.

I need some help on how to go about FOREX.I have been reading extensively(forex) as this is my years objective.I now want to put what i have learnt into practise through a demo account for at least 9 months(remaining part of the year).This leads me to ask the experineced;

1.Which trading platform will be good?
2.I want one that can give me a max of free 3000 USD so that i practise with more of the same amount i would want to invest the first time i do real trading.

if u can assist on the two points...i will appreciate alot

Happy trading


I prefer meta4 platform. You can use demos from fxcm, forex.com, fxpro etc, so many cos to chose from.smile
“small step for man”
Ceinz
#900 Posted : Thursday, April 07, 2011 11:53:14 AM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
Ceinz wrote:
EUR/JPY long position @121.80, SL 121.43


Trade was closed @ 121.89 (Inpatience)Sad

Long on AUD/JPY @ 89.13, SL 88.75.
“small step for man”
396 Pages«<8889909192>»
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