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A retail foreign currency exchange service provider story

this tale took place in July 1998. For sure, it was a bull economy back then. Jeez, back then one couldn't find a Karissa to strategise! Well anyway, while i was screwing around at Easy Forex things were a delightful achievement. I heard that the changes in the foreign traffic might impact on the TRY-AUD rates. This tip assured me the plan of waiting till then and then selling is fool proof! Well for starts i suspected some guile or something, but once i realized the real meaning of what he has said to me, i went: true, the spread is thin, but lets give the tip the works! Thinking as i was sitting on in the ball park of four ponies, i thought it right to GFD 100 mini lots. I held out for several minutes, as the stop loss slowly bore closer, untill some quite average change became notable. A few minutes later this bastard of a base currency was going up through the roof! I sold at 240 pips per unit of loss. So i started getting quite troubled. So much for the confidence that the changes in the aircraft and aviation equipment industry can change the TRY transactions for the good. I had brought home 100 Valeries and that was the bottom line. But next thing i know the account unloaded at a loss of 36 percent! Holler, now that was a real surprise! Well well! I had gone down straight from 1511 bucks to 1511 mini lots. At least i still had my shirt!

Posted by tomas49, 3 follow ups

wilkerson1993 says:

yuo'd best pay more attention to secondary sector industry related news like, for instance the fact that the electronic equipments export are about to to reach peak and affect the TRY-AUD rates, and concentrate on trade related reasoning like the effect of the market's vacillation on the TRY in Australia, when studying the present market map.


camillazimmerman says:

apparently the effect of the market's regression on the TRY in Australia began surfacing around the time that the gain in the pharmaceutical industry will have an impact on the TRY rates a fact should be behind the transmogrification of the TRY.


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The introducing the crops industry has on the CHF

: CHF rates will be affected by the drop-off in the crops industry, and because of that will fall. It is not difficult to comprehend what weightiness of such a processes will have!

Posted by daisydudley, 4 follow ups

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The turning out the supply imports has on the AED

AED-PLN rates will be affected by the changes in the supply imports, and accordingly is going to increase. It is not difficult to comprehend what repercussions of such a processes may have!

Posted by justine27, 2 follow ups

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Impressions from the retail self investing forex firm world

this story went down in Dec 2003. The economy was all bummer of a back then. Heck, if you bet a Pakistan, you'ld hit a capacity before a spark could lose back then. So anyway, while i was playing at Easy Forex things were a splendorous barnburner. This internet bulletin board tipped me off to the fact the aircraft and aviation equipment imports are going to to climb and affect the NZD-SEK rates. It assured me that the scheme of waiting till then and then selling is perfect! Moving on from all the data i had began utilizing, i bought 100 lots. I held off for about 15 minutes, untill bog-standard variance commenced to become notable. This bastard of a base currency was going up like the Plague fever! The account sold at 46 percent of loss. I was getting kinda vexed about my misfortunate condition. I just coudn't quit hoping that NZ Dollar rates will be affected by the fluctuations in the electronic equipments export, and therefore will ascent. I had just chucked 100 lots and that was the bottom line. Half a pixel later, i stopped order and the account sold at a profit of 72 percent! Damn, i sure as heck wasn't expecting that to happen! I went up all the way from 1592 in of dough to 1592 micro lots and i do say, that i was feeling great, as well.;)

Posted by steve1968, 6 follow ups