I wanna be a wiener...I mean winner!
So there are central banks and businesses and speculators and...
So there are central banks and businesses and speculators and...
USD/JPY Discussion 7 replies
NZD/JPY Discussion 12 replies
long eur/jpy, gbp/jpy, usd/jpy 11 replies
EUR/USD Bollinger Band Discussion 3 replies
Suidster's GBP/JPY Discussion 19 replies
DislikedFinally a first sign of reversal back towards the weekly trend. Short since 105.05, sl 105.50, TP1: 104.70, TP2: Open. It would be nice to see a clear break of 104.50 before getting too confident.Ignored
DislikedNice entry, I'm holding shorts from lower yet and still quite confident this baby is going to drop like a rock. If you look on a daily chart and draw a trendline from the low in February that support the uptrend, you see that it broke through the trendline support and tested that support as resistance last night. It failed, which is a good sign that the tides have changed and she's ready to continue south.Ignored
DislikedI think its time to load shorts
we have retested the broken trendline for the major move down now!
here is hwta my chart looks likeIgnored
DislikedGood Morning Everyone
I am in the mood to explain the nature of the forex market as it really is.
First and foremost please keep in mind that forex is a real business where large and small organizations come to buy their inventory.
That inventory is MONEY.
Therefore BUYER and SELLER need to determine FAIR MARKET VALUE.
Then the next factor is ALL the central banks of the world that print the MONEY. They all have their own agenda. That agenda is very complex. Many times they try to control things by just putting out signals. Many times the signals do not work since all the market players combined have a lot of power. The KEY for the central banks and mainly the FED is to keep changing perceptions by putting out FALSE DATA.
Why would they do this ?
Folks as a FUNDAMENTAL FX trader let me share a BIG SECRET with all of you not aware of it at present time. The forex market is also among everything else a game. If you want to WIN the game then you must discover the REAL RULES of the game.
RULE ONE:
Understand Inflation. Prices going UP do not cause real inflation. Real inflation is caused by the FED and the other central banks printing money and much too much of it without any value attached.
So when Bernake and the others say that they want to control inflation, they are lying to the markets. If you do not know or understand this than you cannot make money in forex no matter how good you can read the lines which only represent human psychology at the moment and nothing else.
Thanks for the confirmation - I suspected something like this.
RULE TWO: All the other players including the POWERS that BE each have different agendas. Since the main point of the GAME and REAL BUSINESS is to make MONEY the 95% of the uneducated constantly lose to the 5% who either understand the RULES OF THE GAME or actually make them.
I'm trying hard to join the 5% http://www.forexfactory.com/images/icons/icon7.gif
I will stop my lesson for the moment in order to allow for some thoughtful questions from anyone that wants to learn how to be a WINNER financially.
The COST of these lessons is VERY EXPENSIVE.
The COST is the TIME that you need to take in order to learn how to trade FX properly and be a WINNER in FX and more importantly in LIFE.
Agreed, I'm about 10,000 hours along this road!
G-D Bless All Of You Here On Forex Factory.
BruceIgnored
Dislikedstill below the trendline
lets see how this retstest plays out
well i think we would see the move down soon..Ignored
DislikedWith the DJIA bullish, for now, I look for one more test of that broken trendline before shorting.Ignored
DislikedWarren, good post... The rich do not get "richer" because they are smarter... They get rich because the "dumb get dumber"..... Your post hit home in so many ways concerning our society.... Complacent, mindlessness with an eccentric apathetic need for mere entertainment, aids in, "the powers that be," getting richer... I whole heartily agree that in order to succeed in forex, or life in general, one must look beyond face value, particularly what the powers that be say....Ignored
DislikedWords couldnt be truer. If I followed what the Gov. and Bank Presidents and officials said about forex, here in Jamaica, I wud be clueless. Irony is that their non-stop negativity about FOREX out here got me curious. Then I found one of banks published audited financial reports from 2003 amd saw that the bank made a profit from Foreign exchange trade alone. All they say tho, is that it not profitable and the top traders only make 4% for the year and blah blah. I saw an add of a Forex demo and I jumped at it. the guy made 10% in like 30 mins. I was impressed. I may not have been poor and is viewed as middle class but I need investments that compete against inflation.
They only talked about the negatives of FOREX...I was so deperate for a business venture that suited me, as my Job takes alot of my time and after many failed attempts I realised I need something that can work with my career. Forex looked probable. I dabbled and researched then went with the demo. I'm now 1 1/2 month trading live. I lost 67% of the money I started with but I expected that to be the case as now things are coming about. I am no longer timid zero emotions and demo was easy compared to live.
I say:
The rich do not get "richer" because they are smarter... They get rich due to the ignorance of other people.....Ignored