Hey guys, Not that I subscribe to the notion that the news has a clue but I found this interesting and wanted to get the opinion of the forex experts. In a nutshell it says that the dollar is falling due to AmEx having more consumers defaulting and that indicates the US economy is slowing down. If we are to give credit here and not call a "Bullshit" on the article than I would ask you this. If the US economy IS slowing down would that not cause a reduction in imports and thus should be a net positive for the dollar? Thanks for your thoughts http://www.bloomberg.com/apps/news?pid=20601087&sid=a4Rcq4tRQly4&refer=home
Its official, as reported in Bloomberg, WSJ, and CNBC. 1reason made his first forex trade today. Actually it was reported that not only was one trade made but indeed TWO trades where made. unreported sources close to 1reason stated that one trade was a winner before commissions but after commissions it was a net 80 cent loser. The second trade was according to sources a net gain of $17 for a net profit of $16.20 for the two trades. Trade size was 20K for the first trade and 40K for the second trade.
After spending most of Monday afternoon setting up my monitors i'm trading tonight, haven't started so good though, -10 points, shorted EUR, the 22" monitors are fantastic.
Thank you Kalzayani, it's amazing how diferent everything appears, it threw me out a bit, got shaken out of a good 30 point run for a small loss. Will post a picture when i can. Where is everyone?
sure man/ yeah I am sure it looks nice...they got these places in NY where Traders take a beer or two people can look at the stocks they Like with sort of remote controls...Bar full of screens + Inet So Maybe would start something like that...w/ level recommendations...etc I just got in the forum baron... Not sure why people are not here yet