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Realities of Forex Investment
StephenAlala
#11 Posted : Tuesday, July 29, 2008 10:37:00 PM
Rank: Member

Joined: 7/9/2008
Posts: 44
ACTIONFOREX: Dollar rebounds strongly today and remains firm after better than expected house price report. S&amp;P/CaseShiller Composite-20 showed -15.8% yoy drop in May,down from prior -15.3% but was above expectation of -16.0%. Conference Board consumer confidence will be featured next and is expected to continue the down trend and dip further from 50.4 to 50.0. (Quick update,dollar jumps further higher after Conference Board Consumer Confidence unexpectedly improved to 51.9 in Jul)

Technically speaking,dollar is still staying in tight range against most major currencies. Though,note that the rebound is EUR/USD,GBP/USD and AUD/USD has been disappointing and it fails far below near term resistance levels. Also,further fall in these pairs will firstly put key near term structure support back into focus. Secondly,it will leave the fall in EUR/USD from 1.6038 and AUD/USD from 0.9849 in five wave structure. In other words,this will argue that both EUR/USD and AUD/USD has already topped out and more downside will be seen in these pairs,at least in short term. This will also put these two pairs inline with the outlook is USD/JPY,USD/CHF and USD/CAD,i.e. more strength in dollar should be seen.


Happy trading!
StephenAlala
#12 Posted : Tuesday, July 29, 2008 11:05:00 PM
Rank: Member

Joined: 7/9/2008
Posts: 44
Thank you pips. I am very impressed by your candour and I know you mean well.

For these reasons,I will not attempt any defence.

I am really interested however in having an online discussion with you on this thread to examine those issues or pieces of information in FX that you feel I have not treated well. Please believe in my good sport and let's engage. Let's go one issue by one so that we do not lose the public.

The ball is on your court - I am waiting on my keyboard.
tonicasert
#13 Posted : Wednesday, July 30, 2008 2:12:00 PM
Rank: Member

Joined: 3/10/2008
Posts: 301
Location: Abu Dhabi
Interesting info @ Ngaatu.

When I was training some years ago,first thing I told my students is that forex is not easy,nor for the faint hearted,but one can make moderate profits if you can be disciplined and able to manage greed,fear and pride,together with alot of practice.

Once demystified,more traders will be on board.
Peace
#14 Posted : Wednesday, July 30, 2008 5:11:00 PM
Rank: Member

Joined: 6/4/2008
Posts: 9
@pipped...
thanks alot for your info...sure we need to bring out people who scam other peoples money to public....i hope everyone will be aware of mr Alala and be careful

I am still new in forex but hope to learn more with time...and am gratefull to all participants in this discussion...i learn alot...

i dont think we need to fel out of place in sk...coz even forex is investment..though a site of forex only will be welcomed

ahh
tonicasert
#15 Posted : Wednesday, July 30, 2008 7:24:00 PM
Rank: Member

Joined: 3/10/2008
Posts: 301
Location: Abu Dhabi
A local forex forum for trade ideas may not generate as much traffic due to the global nature of forex. A good one for instance is www.global-view.com where among the traders who contribute are guys who have traded over 30 years. There's also a help forum on the site where novice traders ask all the basic questions,and traders take time and answer them (personally I learnt a lot from there).

But a Kenyan forex networking forum (on this site or another) would be more than welcome. Abroad they organise regular drink-up social networking events which are quite good,alot of ideas are exchanged.
StephenAlala
#16 Posted : Wednesday, July 30, 2008 8:10:00 PM
Rank: Member

Joined: 7/9/2008
Posts: 44
Pipped and Peace,again I thank you for your forthright manner. However,I can only beg you to be clearer and more specific about the scams you are talking about.

It is also decent for those of you bloggers who are now in Pipped and Peace's (figuratively speaking) good books to kindly ask Pipped and Peace to be more specific.

Remember that a just society is not only one where the accused gets a right to be heard,but its where the UNACCUSED insist that the accused gets a right to be heard.

And not only because tomorrow it will be you on the dock and you will want someone else to ask your accusers to be candid. It's because it's the right thing to do.

In this thread we have the benefit of FX experts like Tonicasert and Ngaatu and many others who can ably and independently assist in these matters. As this thread has aimed to do,let us get to the bottom of all the myths and all the scams.

Let's have enough courage to be open and honest.

As I said,I am on my keyboard,ready as always to answer any query however embarassing. I also encourage stockskenya not to delete your posts (they might do that to protect themselves against lawsuits) so that we can have an open and public ventilation of all issues FX.
Peace
#17 Posted : Wednesday, July 30, 2008 8:49:00 PM
Rank: Member

Joined: 6/4/2008
Posts: 9
@stephenalala
sorry..if you felt hurt..
i was just being cautious...so many people get cheated on forex and they lose their money

ahh
StephenAlala
#18 Posted : Wednesday, July 30, 2008 9:08:00 PM
Rank: Member

Joined: 7/9/2008
Posts: 44
Apology accepted Peace. Could you do me a favour and please request Pipped to be specific? I would be very grateful.
Peace
#19 Posted : Wednesday, July 30, 2008 9:45:00 PM
Rank: Member

Joined: 6/4/2008
Posts: 9
@stephenalala...
i dont know pipped...so the best is for you to ask him personally.....kila mtu hubeba mzigo wake...

ahh
pipped
#20 Posted : Wednesday, July 30, 2008 11:56:00 PM
Rank: Member

Joined: 7/29/2008
Posts: 2
Thanks Mr. Alala for your audience,but i'd like you to just give us a percentage of the number of people who have lost money in your organisation due to your misleading information. How many people you have trained and are making money real cash at the moment.
The reason am asking is because i meet people everyday who trade forex and try and find out where they learnt it from and guess what,most say that they passed through your organisation and well they got nothing from it &quot;no offense&quot; so they had to be trained by another person and thats why they are profitable.
Secondly,i've seen where you deposit clients money,you have two specific brokers one is GAIN Capital and the AVA FX. i have just one question which body regulates this two brokers so that in the case your clients money disappears,you can report this issue.
Do you your clients also know the leverage used in each account and how it affects they investment. I just see you charging clients for a service you not informed about.

Mr. Alala please answer this few queries for me and we can see where to go from there.

For those who would like a daily view of where the Euro and any other currencies may be heading try this site it very informative.

http://blog.elitefxsolutions.com/




your remembered for the rules you break.
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