Cable Update (GBPUSD)

Quoting Fardeen1209

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{quote} They said it is the most manipulated pair in the world.

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Quoting Scotteyy

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{quote} Strange, must be an MT5 thing. Using Ctrader and they are the exact same.

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Quoting Ferna

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{quote} I wonder if this scheme started already in the 17th century with the south sea company. We are the same public now as we were then. It was a good way of re-financing government debt. I think about 95% of all asset value is actually derivatives of debt, but hey whats the alternative? if the state runs a scheme everyone should be allowed to do the same, problem arises when the state/puppets of state think they are the only one allowed to do that. Only getting the whip is not so motivating.

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Quoting Elysion

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{quote} Yep itself, the volume is massive and big boys are everywhere. But it's the easiest pair to get rich, it can move up to 300 pips a day. During strong move days. Capturing partial of the big wave is sufficient for most ppl.

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Quoting navk

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{quote} Fall is rediculous and still worse. I still remember the fall of GU to 1.0550. All this are games... USD will recover and show its strentgh.

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Quoting Ferna

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{quote} why do you want a strong dollar? They can sell to allied countries re-package it and sell it in the local currency at a higher price, for example via companies like Amazon. This reduces export costs, and tariffs are often a % of goods price, so Amazon can for example sell their goods cheap from america to themselves or a middleman. And then use their own company to sell it in the local currency and get very good % gains. You see it in Europe now, an americanization of the culture, big companies moving in and american laws being passed by...

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Quoting Elysion

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{quote} It'll crash one day. I'm waiting for the zone for the flash crash like last year when it reaches 150.84. There were traders who were expecting a flash crash today as well.

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Quoting T721

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{quote} Noticed you asked about funding. Few below fwiw. FTMO does a 2wk demo you could practice with and after 2wks you just start the demo over again. I have never used a funded account i trade my own book. But i have heard FTMO and MFF are meant to be good. But make sure to do your own DD {image}

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Quoting navk

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{quote} It is not fundamental but political. In a way the price is manipulated. Some point of time, pound has to show its weekness. Dollar has to show its real strenth. It is a cycle. May be a 6 month or 12 month cycle. When gold was crashing to 1100 dollars.. there were talks it will reach 600 dollars. Now is again quoting 2000 dollars {image}

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Quoting Elysion

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{quote} I've tried the FTMO trial twice, it was very clunky because my losses from my mt5 isn't the same as the one shown in their statistic trade book. Eg. I made $100 loss today but it shows $110 on their stats instead. I guess that's the downside being handed a demo account to trade due to slippages?

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Quoting dantpm

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{quote} I don't have a lot of success with end of trading day trading where there are a lot of small candles happening. Good Luck!

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Quoting Ferna

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{quote} why do you want a strong dollar? They can sell to allied countries re-package it and sell it in the local currency at a higher price, for example via companies like Amazon. This reduces export costs, and tariffs are often a % of goods price, so Amazon can for example sell their goods cheap from america to themselves or a middleman. And then use their own company to sell it in the local currency and get very good % gains. You see it in Europe now, an americanization of the culture, big companies moving in and american laws being passed by...

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Quoting navk

Disliked

{quote} It is not fundamental but political. In a way the price is manipulated. Some point of time, pound has to show its weekness. Dollar has to show its real strenth. It is a cycle. May be a 6 month or 12 month cycle. When gold was crashing to 1100 dollars.. there were talks it will reach 600 dollars. Now is again quoting 2000 dollars {image}

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Quoting elysion

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{quote} i've tried the ftmo trial twice, it was very clunky because my losses from my mt5 isn't the same as the one shown in their statistic trade book. eg. I made $100 loss today but it shows $110 on their stats instead. i guess that's the downside being handed a demo account to trade due to slippages?

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Quoting Mitiblotch

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{quote} I started trueforexfunds about 4 days ago. Perfect statistics. I first heard about them from Navk.

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Quoting Mitiblotch

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{quote} Are there any countries in the world truly interested in paying off their debt?

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Quoting Mitiblotch

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{quote} I started trueforexfunds about 4 days ago. Perfect statistics. I first heard about them from Navk.

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