chief!!!!!!!
1 Forex and stock/commodity trading are two different things.
2 most of technical tool was developed base on stock/commodity trading.
3 when these tools apply on FOREX they fail
4 In Forex there is no sort or long thing but one side is short and other side is long.
5 so in Forex at time we play with two things. i.e in eur/usd one is eur other usd.
6 both are changes it's value at every time.
7 non of these have absolute fix value
8 if at a time usd loss the value and eur gain the value with same ratio than no change in pair value in pips.
9 if usd value increased and eur value did not change than pare value changed and so on with other combination. but the question is
" what is reference which use to measure the value change of usd or eur'??????
some says usd index but it is not bz it is by product of seven different inputs. change of these pairs value effect on usd index
"USDX started in March 1973, soon after the dismantling of the Bretton Woods system."
did it replace the Bretton woods system????
or we use usd bound rate as a reference point of usd price
1 Forex and stock/commodity trading are two different things.
2 most of technical tool was developed base on stock/commodity trading.
3 when these tools apply on FOREX they fail
4 In Forex there is no sort or long thing but one side is short and other side is long.
5 so in Forex at time we play with two things. i.e in eur/usd one is eur other usd.
6 both are changes it's value at every time.
7 non of these have absolute fix value
8 if at a time usd loss the value and eur gain the value with same ratio than no change in pair value in pips.
9 if usd value increased and eur value did not change than pare value changed and so on with other combination. but the question is
" what is reference which use to measure the value change of usd or eur'??????
some says usd index but it is not bz it is by product of seven different inputs. change of these pairs value effect on usd index
"USDX started in March 1973, soon after the dismantling of the Bretton Woods system."
did it replace the Bretton woods system????
or we use usd bound rate as a reference point of usd price
don't predict direction, but dance with flow of water