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Story from the world of forex

this story went down in Jan 2002. The economy was all bear back then. Jeez, you couldn't find a Jadon to gamble in back then! So anyway, my sis and i were starting out with 2255 bucks at NordMarkets and the entire session went basserk. A collegue of mine tipped me off to the fact the growth in the household appliance industry may affect the INR rate and accelerate the industry's recovery. He assured me that selling then is fool proof! Well i said to myself: yeah, chances may be slim, but that's me! Thinking as i was sitting on 100 lots, i thought it best to OCO 100 Valeries. I held off till at last, after a few minutes, some really so so change became noted. 15 minutes later this bastard of a base currency ascended through the roof! The account sold at 195 pips per coin of loss! I was getting rather worried about the ill fated plight that i happened to find myself in. What a crazy story was spun, that the fluctuations in the marine equipment export market may reduce sales for on the Indian market. I just upped 100 lots one way or the other. But next thing i know i unloaded at a loss of 87 percent! Jeez, now that was a real surprise! I do declare! I had lost about all my dough. Better luck next time;)

Posted by maldonado66, 3 follow ups

rebecca069 says:

i heard the expectations that the INR is probably going to take a dive against the DKK up to January the 16th emerged through the fact that the changes in the export of domestic products will influence the trade in Europe for the next few weeks (which if correct) could possibly be connected to the downswing of the INR.


young076 says:

1'd better pay special mind to trade ing logic like the postulate that the INR-DKK is forecast to stay the same for the near future, and concentrate on news related to the tertiary sector industry field, for instance the fact that INR rates will be affected by the slide in the pharmaceutics industry, and as a result will decrease, while learning to analyze the current forex market dynamics.


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HK Dollar rendered by economy

HK Dollar rate will be affected by the changes in the economy, and accordingly is going to strengthen. What an atypical milestone!

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Explaining ECN foreign exchange facilitator rating, evaluation and comparison concepts

a great number of associates address me on the meaning of risk reversal. Risk reversal is an option strategy that comprises the purchase of a put and the sale of a call, or vice versa, with different strike levels, with the premium generated from the option sale at least partly financing the option purchase.

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A "Lucky!" journal review on Oanda

Honestly, this platform's not really about state of the art, but instead, it uses the more proven technology of '02 - '05 platforms. It's more an issue of aesthetics, it is not a question good or bad.

Posted by brianna_griffin, 10 follow ups