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Realities of Forex Investment
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Mkimwa
#1671 Posted : Wednesday, February 15, 2012 6:12:16 PM
Rank: Member

Joined: 10/26/2008
Posts: 380
Out of curiosity, which brokers do you use?

Still trying my hand in this thing, glad my fingers are still intact.
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fxtech
#1672 Posted : Wednesday, February 15, 2012 6:15:37 PM
Rank: Member

Joined: 5/31/2010
Posts: 325
Location: NAIROBI
@ Hisah again as always Applause Applause Applause , I hold the same view on EURUSD, the major might suprise many with a huge Bear move in the medium term, will be looking to make 600pips on it.

NZDUSD at PRZ(Potential reversal Zone) and I tell you it might come down like nothing else.

USD BULL, Looking a safer bet for now.

@QW yah am sure about GBPUSD,

Discipline & sticking to your strategy even when you loosing defines great traders.
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QW25091985
#1673 Posted : Wednesday, February 15, 2012 6:58:36 PM
Rank: User

Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
and the bull move is about to begin on euro/usd !
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hisah
#1674 Posted : Wednesday, February 15, 2012 6:59:41 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Mkimwa wrote:
Out of curiosity, which brokers do you use?

Still trying my hand in this thing, glad my fingers are still intact.

FXCM for forex.

@QW - am sure u can list like 10 of which you use. Must be very rich to run 10 accts with different brokers...!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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QW25091985
#1675 Posted : Wednesday, February 15, 2012 7:28:14 PM
Rank: User

Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
hisah wrote:
Mkimwa wrote:
Out of curiosity, which brokers do you use?

Still trying my hand in this thing, glad my fingers are still intact.

FXCM for forex.

@QW - am sure u can list like 10 of which you use. Must be very rich to run 10 accts with different brokers...!



lol i donot have 10 accounts ! but more than one ..lol. i can never trust one broker they can close like the next day !
@Mkimwa.you better know what you are doing . i hope you have atleast tried demo trading first . coz frankly you run a very high risk of loosing your money in forex . trust me . i have lost my fair share !but if you minimize your risk (small lots) you can make it !
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hisah
#1676 Posted : Thursday, February 16, 2012 9:06:34 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Asia afternoon session still sees euro traders caught wrong footed with overnight US session selloff. Waiting for London session to see if EURUSD will defend 1.3000. But from the setup, those stops will be hit on the way to 1.2950.

Apple made a new high intra day @ $526, but closed @ $497 with large volume - a classical shorts build up signal. Was so overbought as well as NASDAQ which also closed down.

Interesting to note that oil closed up while stocks were down. Oil ignoring equity trends and focussed on Iran. This price action reminds me of March 2008 where stocks sold off for weeks but oil kept on a rally till July 2008. Will history repeat itself?
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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dave.kim
#1677 Posted : Thursday, February 16, 2012 12:23:12 PM
Rank: Member

Joined: 6/25/2010
Posts: 176
talk of bailout posptponment http://www.fxstreet.com/...an-crisis/2012/02/15/02/
Rule No.1 is never lose money. Rule No.2 is never forget rule number one
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dave.kim
#1678 Posted : Thursday, February 16, 2012 12:24:52 PM
Rank: Member

Joined: 6/25/2010
Posts: 176
@fxtech, your GBPUSD target?
Rule No.1 is never lose money. Rule No.2 is never forget rule number one
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hisah
#1679 Posted : Thursday, February 16, 2012 8:51:36 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
hisah wrote:
Asia afternoon session still sees euro traders caught wrong footed with overnight US session selloff. Waiting for London session to see if EURUSD will defend 1.3000. But from the setup, those stops will be hit on the way to 1.2950.

Apple made a new high intra day @ $526, but closed @ $497 with large volume - a classical shorts build up signal. Was so overbought as well as NASDAQ which also closed down.

Interesting to note that oil closed up while stocks were down. Oil ignoring equity trends and focussed on Iran. This price action reminds me of March 2008 where stocks sold off for weeks but oil kept on a rally till July 2008. Will history repeat itself?

As per expectations, London session took out stops at 1.3000 and EURUSD slumped to 1.2975 to find fresh bids. In comes US session and EURUSD is now above 1.3100 on Greece hopium. Having broken below 1.3000 today, the current reversal to 1.3100 highs should be treated with caution. In a few week, the euro sell off will be interesting.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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QW25091985
#1680 Posted : Thursday, February 16, 2012 9:10:18 PM
Rank: User

Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
what !!!!!!!!!!!!!!!!!!!!!! bull has resumed ! ...it got me off guard !
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