Dollar normally tanks this time of year, but I don't believe it will end on a negative..... looking for the Dollar to slide over the next few weeks taking the pair to the 2550 range before it resumes the downward trek, looking long range 1.1600's My .02 cents
well, it may or may not be that 90% blow their accts up in stocks. It could be 99%. though, in forex, I think 100% of traders blow their accts up - no exception. yes, there are those that then come back for a second round, and third, and so on, both in stocks and forex, some go on to better trading. this forex number includes me. I blew up my forex trading accounts NUMEROUS times - But I did the damage on demos. I have almost blown up my live forex trading account on a number of trades. Since then I like to think I have sufficiently re-tooled my systems enough to not get killed someday. but... we'll see. getting killed is not my greatest concern. that I know why, understand the reasons and am able to re-wire my trading is. my other concern would be if I spend a lifetime working and building a forex account up to, say, $500,000,000. Then one trade blows it out. 99-years old - most successful fx trader - on the streets homeless.
Ahh.. Didn´t see the results of the poll - will change the put to a long butterfly. yadayadayada... know it cannot be done in the real world
500 Mln$... one trade....well market should move 10000 pips....if we lose (on average 100 pips per day) you would hold a losing position for 100 days losing 100 pips per day.. Z scalp ur z best... ZC
Long if Below...Short if above...Watch the Trend Fair Values Forecasts with date...GL...KaL Date EURUSD USDJPY GBPUSD USDCHF Sunday, October 09, 2005 1.2320 111.6933 1.8001 1.2643 Wednesday, October 12, 2005 1.2346 111.6544 1.8026 1.2623 Saturday, October 15, 2005 1.2374 111.6082 1.8054 1.2602 Tuesday, October 18, 2005 1.2404 111.5546 1.8084 1.2578 Friday, October 21, 2005 1.2436 111.4935 1.8116 1.2553 Monday, October 24, 2005 1.2470 111.4247 1.8150 1.2527 Thursday, October 27, 2005 1.2506 111.3480 1.8186 1.2499 Date AUDUSD USDCAD NZDUSD EURJPY Sunday, October 09, 2005 0.7660 1.1506 0.6944 137.3917 Wednesday, October 12, 2005 0.7668 1.1463 0.6948 137.6064 Saturday, October 15, 2005 0.7677 1.1419 0.6952 137.8312 Tuesday, October 18, 2005 0.7685 1.1374 0.6956 138.0660 Friday, October 21, 2005 0.7695 1.1328 0.6961 138.3112 Monday, October 24, 2005 0.7705 1.1280 0.6966 138.5668 Thursday, October 27, 2005 0.7715 1.1231 0.6971 138.8330 Date GBPCHF AUDCAD EURCAD GBPUSD Sunday, October 09, 2005 2.2737 1.6068 1.4183 200.8692 Wednesday, October 12, 2005 2.2730 1.6085 1.4163 201.0580 Saturday, October 15, 2005 2.2723 1.6104 1.4144 201.2551 Tuesday, October 18, 2005 2.2716 1.6123 1.4125 201.4607 Friday, October 21, 2005 2.2709 1.6145 1.4108 201.6749 Monday, October 24, 2005 2.2701 1.6167 1.4091 201.8979 Thursday, October 27, 2005 2.2692 1.6191 1.4075 202.1297