Does anyone know what will happen to the g/j if US rates are cut and what will happen to the g/j if they are left unchanged?
Thanks to everyone in advance for their opinions.
Thanks to everyone in advance for their opinions.
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DislikedBro everything here in down under goes the otherway, including the water in the toilet bowlIgnored
DislikedHi
I THINK it is the 18th of September....Calender on Forex Factory should be updated later in the week.
Just curious how long did it take you to take back all the pips you lost as a newbie and also how long have you been trading. swIgnored
DislikedThanks for the Date, I just put a sticky not on one of my monitors.
I plan on having a few trading friends in town come over that night and set up about 5 trading platforms so we can do a 24 hour trading spree on the release.
Oh this month is going to be a fun one indeed.
As for the question about getting my money back, well I spent (2) years learning how to trade and blowing real accounts after real accounts along the way (Newbie-syndrome).
If one becomes careful with their money, and learn to trade with a plan, you will finally get to the point of not losing it, and begin to build your account up so you can take more lots on every trade you take.
Trading is about learning, and the greatest obstacle of the learning curve I faced was "ME".
You conquer yourself, then you have found true success.Ignored
Disliked
If one becomes careful with their money, and learn to trade with a plan, you will finally get to the point of not losing it, and begin to build your account up so you can take more lots on every trade you take.
Trading is about learning, and the greatest obstacle of the learning curve I faced was "ME".
You conquer yourself, then you have found true success .Ignored
Disliked'trading in the zone' .....great book about the '....the greatest obstacle being me'.Ignored
Dislikedhere is some interesting news
Greenspan Says Turmoil Fits Pattern
By GREG IP
September 7, 2007; Page C2
Former Federal Reserve Chairman Alan Greenspan said the current market turmoil is in many ways "identical" to that which occurred in 1987 and 1998, when the giant hedge fund Long-Term Capital Management nearly collapsed.
"The behavior in what we are observing in the last seven weeks is identical in many respects to what we saw in 1998, what we saw in the stock-market crash of 1987, I suspect what we saw in the land-boom collapse of 1837 and certainly [the bank panic of] 1907," Mr. Greenspan told a group of academic economists in Washington, D.C., last night at an event organized by the Brookings Papers on Economic Activity, an academic journal.
Mr. Greenspan, Fed chairman from 1987 to 2005 and now a private consultant, said business expansions are driven by euphoria and contractions by fear. While economists tend to think the same factors drive expansions and contractions, "the expansion phase of the economy is quite different, and fear as a driver, which is going on today, is far more potent than euphoria."
The euphoria in human nature takes over when the economy is expanding for several years, and leads to bubbles, "and these bubbles cannot be defused until the fever breaks," he said.
Bubbles can't be defused through incremental adjustments in interest rates, Mr. Greenspan suggested. The Fed doubled interest rates in 1994-95 and "stopped the nascent stock-market boom," but when stopped, stocks took off again. "We tried to do it again in 1997," when the Fed raised rates a quarter of a percentage point, and "the same phenomenon occurred."
"The human race has never found a way to confront bubbles," he said.Ignored
DislikedI have only bought one FOREX book in my career, and it was so basic it made me confused.
Everything I have learned is from hands on, and talking to people individually, and on the threads.
Someday I may just try to read something that may help me. LOL
Thanks AWG for the source.
KenIgnored