@alma

Thanks for the insight and contribution in this part of our side in forex investments.
Of course it is true that not all online forex brokers are genuine in fact majority of them are not good and a person need to look at them after researching them for a while,by veryfying their status and look if their status is updated time after time.Do not belive in individuals at all if are not regulated well.

If you do enough research i beleive it wil very hard to be dissapointed but most dissapointment come because of a person being very fast and ignorance and having skewed skills and information.A person needs to take time to be good.

The 3 day forex trainers,forex signals e.t.c as much as a person can defend them i know they are all shortcut to information which is suicidal in the market.Take time and you will reap the benefits in long run as any other investment,if you take short cuts then you will get into live accounts and the market and you will be left suprised and blaming.


@NGAATU

The TP even hit 20 pips going short before pre-NY session,and infact the USD/CHF has already hit the 15 pips!!! Sure @ngaatu that was it.Am also monitoring chairman bernake reaction from other economies and the underlying technicals are not having a distinct direction as they hold up due to the uncertanity.

@alma The problem of the brokers is something you need to live with them but what a person needs to look is the one who has improved services,what the brokers are doing in a demo is not what they are doing in live accounts,problems like flactuating spreads,inneffective platforms e.t.c should also be put in consideration but if you research them well you will understand them slowly and can differentiate and better when you get into live accounts.I have switched to around 3 brokers and finaly returned to the first one. If you take time you can understand them.
- most are also lied with the leverage and low entry amounts,they are almost a gulloting for most traders.

@ngaatu what is your take on correlations during this time? i have noticed they are flactuating and breaking up

HARD WORK,HARD WORK HARD WORK

@kilabe

Thats good if you took your trades well jana.On the correlations they have been slightly affected due to the extreme volatility we have all been witnessing.If for instance the correlations we have in pairs of EUR/USD USD/CHF which is almost perfect negatively correlated has also been hit during the "near collapse" of the markets spiralled by the financial crisis in U.S and other major markets across the world.The dollar tumbled down and the euro and the swiss franc also took a nose dive simultaneously so the market was in a particular downward direction.But with time there was correction in the market and the correlation were edging on back.
Infact the correlation comparison with dollar and the oil/commodities was also hit if you watched it closely.

I also do expect there will be extremely volatility in the upcoming days,and an investor/trader needs to have some ways to navigate the market in those situation.And i can concur with my colleague tonicasert that you need to get targeted number of low pips maybe between 10 to 30-50 pips so that it can enable you to have something before any movements are sparked either way by the extremely volatility.Keep check on the fundamentals closely before taking moves.

Regarding volume in forex it do matters at an extent although most brokers and individuals put it aside coz of luring most novices and experienced together. It will take some time for a trader with $500 to get something comfortable than a person with $3000. That does not mean a person cannot get something but it will be something he will to work hard as during like this extereme volatility where it will be very difficult to paddle through.
- The brokers leverage making a person to think he can start with low funds in the long run is also a cache,there are also many things which a person needs to take time to look carefully before beleiving in them.

The dollar is on rampage now!!!!

@NGAATU

hello everyone

Mchumia Juani hula Kivulini

Am an active investor in the N.S.E and i can tell you all that things are not as good as they are as insider trading is rife and we could expect more collapse of the stock brokers in the coming months as the economy is on the downturn while we finish the year but maybe we could expect an economic roundabout early next year.

I have been trained the online forex exchange which i wanted to diversify from the stock market but i got into the market six months ago and i only got a good return in the first 1 month and three weeks as i was using a trading signal which my trainer advised me and i bought it at a cost of USD 500. But after sometime things went opposite and i was at the receiving end the system was not giving me good directions and it was flactuating. Currently i have stayed put cause i did not have a direction to follow,but after i came across this forex posts it has really opened eyes for a lot of things which i had not known even from my trainer whom i think was also a student.

I wanted help from @ngaatu who posted this forum as there are a lot of facts which i did not know but it seems i was only ignorant.Please can i get help from @ngaatu or @tonicasert so that you can tell me the way of things as i was misadvised earlier.

Please cause i know forex is a good market,so feed us the free information which you have.

Bidii yangu