wazua Sat, Mar 21, 2026
Welcome Guest Search | Active Topics | Log In

396 Pages«<266267268269270>»
Realities of Forex Investment
mnandii
#2671 Posted : Monday, June 16, 2014 7:15:52 AM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304


EUR$ shld move up strongly. I am wrong if 1.3510 low is penetrated.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
mnandii
#2672 Posted : Monday, June 16, 2014 7:20:59 AM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
kyt wrote:
mnandii wrote:
$JPY appears to have completed a triangle. It should rally now. 102.21 is key and if broken downwards may negate the triangle scenario.

101.90


Yes @kyt. I was wrong.
Below is the alternative scenario.



I expect moves above 102.79.
Again I am wrong if 101.63 low is penetrated.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
mnandii
#2673 Posted : Monday, June 16, 2014 7:22:40 AM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
kyt wrote:
mnandii wrote:
$JPY appears to have completed a triangle. It should rally now. 102.21 is key and if broken downwards may negate the triangle scenario.

101.90


Yes @kyt. I was wrong.
Below is the alternative scenario.



I expect moves above 102.79.
Again I am wrong if 101.63 low is penetrated.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
mnandii
#2674 Posted : Monday, June 16, 2014 7:28:33 AM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
GBP$ appears ready to fall. Targets 1.6896 -1.6873
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
mnandii
#2675 Posted : Monday, June 16, 2014 7:43:49 AM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304


How the Elliott Wave Principle Can Boost Your Forex Success -- The Wave Principle's rules and guidelines provide the context that helps traders identify the trend on any time frame, find high-confidence trade targets and spot all-important points of ruin that tell you when you're wrong.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
hisah
#2676 Posted : Monday, June 16, 2014 10:58:13 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Has anyone noticed the ascending breakout on the oil charts (crude and brent)?

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Ceinz
#2677 Posted : Monday, June 16, 2014 11:37:45 AM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
hisah wrote:
Has anyone noticed the ascending breakout on the oil charts (crude and brent)?



Noticed.

Looks like the ongoing tensions in middle east/ Iran has crossed over to oil and other commoditities- rallies also seem to be imminent in gold and silver.
“small step for man”
nwalle
#2678 Posted : Monday, June 16, 2014 11:45:46 AM
Rank: Hello

Joined: 6/16/2014
Posts: 2
Location: utopia
Hi guys,is a $1,000 account practical enough to kick-start a live trading acc?
TNT
#2679 Posted : Monday, June 16, 2014 12:04:24 PM
Rank: Member

Joined: 5/22/2009
Posts: 206
nwalle wrote:
Hi guys,is a $1,000 account practical enough to kick-start a live trading acc?


They say FX trading is 90% psychology/emotions and you'll soon realize that, when real money is on the line, traders generally tend to make irrational decisions. Therefore, if you are a new trader, I suggest you find a broker who can offer you high leverage and break down your $1,000 into smaller amounts, $100, for example. Chances are you'll lose most of your initial investment while starting out, but if you're sharp and able to learn hard lessons fast, the small losses will be totally worth it -- consider them your school/internship fees. On the other hand, if you do not master the basics first (money management, risk/reward ratio, emotions et cetera) by losing small amounts first, you're likely to blow that $1,000 sooner rather than later.
Ceinz
#2680 Posted : Monday, June 16, 2014 12:05:57 PM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
nwalle wrote:
Hi guys,is a $1,000 account practical enough to kick-start a live trading acc?


That is a lot.

I suggest u start with $250. Be very selective/ frugal and take only sure trades. Once you've grown the account to $500. Withdraw $250 and continue trading risk free.
“small step for man”
396 Pages«<266267268269270>»
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Copyright © 2026 Wazua.co.ke. All Rights Reserved.