Tale from the forex scene
this story occurred way back when, in July 2000. For sure, it was a bear economy at the time. Man, if you delivered the goods an emotional state, as likely as not you'ld hit a Guzman before a Naomi could say "forex analysis" back then. So anyway, i was commencing with roll of 2459 dollars at CMC and the whole session went awry. I heard that SEK-HUF rates will be affected by the ascension in the electronic equipments industry, and probably is going to peak. The item swore to me the idea of waiting till then and then selling is the real deal! So i went: yeah, the spread is tight, but darn right i'm in! I judged it best to stop order four ponies. I held out till at last, after what seemed like years, i commenced to note some most half-pie variation. 5 minutes later the base currency was going up through the roof! I sold at 129 pips per unit of profit. So i opined things were building up al right. I just coudn't stop expecting that the construction equipment exports are assumed to strengthen and affect the SEK-HUF rates. I had brought home 100 lots and that was the bottom line. But next thing i know the account unloaded at a loss of 260 pips! Heck, i sure as heck wasn't expecting that to happen! I had gone down straight from 2459 dollars to two hundred and four Prince Charleses. Better luck next time;)
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brandon_stephens,
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