"Its not where your at, but where your coming from"
100% bad luck or bad timing? 26 replies
Is it another "good news is bad news" day? 8 replies
Hi! I’m Mr Short and I’m a bad forex trader! (the AA for bad traders) 67 replies
metatrader- bad backtesting or bad broker quotations? 0 replies
Quoting MichaelwDislikedLOL, yeah.....................not a good idea to gather your info from a cheap web advertisementIgnored
Quoting nitmanDislikedI don't like those scary articles. I thought World net daily is a good conservative news site. Why do they have so many forex related horror stories?Ignored
Quoting athalon7DislikedHows that? I was more interested in the links. I am an American. I pay my bills with the dollar. My feeling is the more awareness the better.Ignored
Quoting athalon7DislikedHows that? I was more interested in the links. I am an American. I pay my bills with the dollar. My feeling is the more awareness the better.Ignored
Quoting mickeymickeyDislikedFrom looking at this article, I would say that WND is a poor news source. The first analyst being quoted in the article isn't exactly a respected authority in the finance/economics world. I've never heard of him and Wikipedia has nothing on him. His website doesn't even say much about him. It's a similar case with the other analyst, but that guy happens to have a newsletter with 100,000 subscribers. In any case, neither of the guys are really respected authorities. You'll also notice towards the end of the article, it turns the dollar issue and spins it into an issue that WorldNetDaily pushes in all of its news stories, which is the possibility of a "North American Union". This is just really horrible journalism. Please don't take anything WND says about economics or finance seriously.Ignored
Quoting MoneyMa$terDislikedRather than attack the authors, why not try to discredit the data provided? One issue I have with the current administration is its penchant for:
(1) discrediting anyone who disagrees with its views/policies, labeling dissenting voices everything from traitors to raving, flaming liberals; and
(2) refusing to see reality even when reality is patently obvious to other nations.
In reading the article, I didn't see any misleading information although I thought creating the "Amero" might be an extreme.
However:
It's a fact that the government ceased publising M3 and while the 10% projected increase of M3 is just that, a projection, it's not unreasonable.
It's a fact that we have staggering debt and enormous budget deficits.
And it's a fact that the dollar weakened to multi-month lows in December.
Clearly stated were the potential consequences of FOMC rate changes in 2007. Curious enough, they don't mention the flood of counterfeit dollars, nor do they mention nations dumping dollars for euros (at least I didn't see it).
So attacking the authors carries no weight with me. Disprove the quantifiable evidence then we can talk. We are in a recession (but the administration doesn't want to admit it....but they're the same people who see an "insurgency" rather than a "civil war" in Iraq). FOMC must reduce rates in 2007 and the dollar must fall. Cable at 2.000 is not improbable; it's just a matter of time. Consider for example, that in March 2006 cable was at 7300; it's now 2300 points higher.
You might not like the news, but don't shoot the messenger.Ignored
Quoting athalon7DislikedI do know a delegation was just sent to China with the big dogs in attendence. I know currency was the major reason. Like or dis-like WND, this is a fact. Counterfeit dollars: I personally don't think the Fed keeps changing the bills because they have nothing better to do, so yes, I think there is a concerted effort to devalue the dollar. Although it would take A LOT of bills to do that.Ignored
Quoting athalon7DislikedCounterfeit dollars: I personally don't think the Fed keeps changing the bills because they have nothing better to do, so yes, I think there is a concerted effort to devalue the dollar. Although it would take A LOT of bills to do that.Ignored
---- Chiu Piling in Taipei, Taiwan, contributed to this article.
Quoting mickeymickeyDislikedThe delegation to China was more in regards to China's currency than the USD. China's currency is pegged at a rate that is far undervalued. Consequently, the US can afford a ton of Chinese products because they're so relatively cheap for us. This is why we have a large trade deficit with China. The US government wants the Yuan un-pegged to alleviate this problem.Ignored
Quoting FXscalperDislikedI am wondering why US fx traders take it personal when some talk starts about dollar fall I believe the one who started this thread intended to alert us about a possible big trend that we would try to catch as traders.
what if dollar crashed while you're long euro, wouldn't that be nice?
You have to set your priorities as a trader and control your patriot emotions, cause obviously as a dollar-patriot you might keep tending to buy dollar regardless of the TA you learnt ignoring major signs.
I don't mean that i have any idea if the dollar would crash or apreciate, i'm just talking about the idea.
If you're american and think that dollar will crash why not even switch your deposit account to euro or gbp. there's nothing patriot about this. It's about wealth managment and riding the trends. It can always be good news in anycase just if you know in advance.Ignored