DislikedAm a newbie to FOREX and I want to concentrate on GJ but but the bullish move of this week has almost wiped my deposit. Please can someone earnest advise on when then genuine move south will commence with reasons off-course
ChuxIgnored
2nd no one (here) ever knows exactly when the move down will start you can have uptrending market and then some guy decides to short 10 billion and that will take market down but who and when decides to do that is impossible to predict. malcolmb is our volume guru here so he has good idea when somehting is being sold and bought which brings me to the next point. learn learn learn and watch watch watch the market. because thats what is going to give you the edge in time. but dont expect it to be quick and painless.
anyways dont listen to anyone wholeheartedly they may have a good point but it doesnt mean they are right nobody is right 100% and when you think that this thing is sure deal and next trade will make or break you and you go maximum leverage be sure that this will be exactly the time when someone you listened to was wrong.