Right on the dot!
Whoa. Hold UP! You mean I can’t use this nice Army-surplus bazooka I just got?
Of [B]COURSE![/B] There are billions upon billions of dollars in the FX, but the market is being manipulated specifically against you. Just because they’re all out to get you doesn’t mean you aren’t paranoid, y’now. 
I hope this helps.
EUR/GBP touched the .6860 price area three times aand was unable to break it, meaning there were more traders willing to sell than buy around there. Once the sellers took over the buyers, the pair just dropped. When the UK CPI came out this morning better than expected this lead to speculation that the Bank of England may raise rates this year. On that speculation, traders bought more British Pounds and sold more Euros.
The Yen has been tricky lately. Traders around the world can’t decide whether or not they want to be risk averse or increase their risk appetite. What I mean by this is that because Japan has the lowest interest rates at 0.5% in the industrialized world, traders around the world borrow money from Japan (or sell the Japanese Yen) and invest in riskier assets (i.e. higher yielding currencies, bonds, loans, equities). After the big drop in China’s equity markets in Feb, the global markets have been on a see-saw ride between reducing risk (buying Yen to pay back loans and sell off riskier investments) and increasing risk (returning to carry trade, buying equities).
We are seeing risk return to the appetites of traders little by little, and I think the selloff in USD/JPY is temporary. I think it will probably drop down to about 116.50 - 116.75 before traders sell off the Yen again.
I’ve in the fx last 2 weeks. On my first 5 days, I tend to earn a lot because everytime I place an order, the market tends to flactuate +/- 4 on the first 30 mins so I close it once it reaches +4 pips. After the 5 days, I recieved an email from my broker that I had too many open orders that took only less 30 mins to close and told me they normally do not allow this to happen so they suspend me for 1 - 7 days. After that 1 day they have lift the suspension, I started to invest and this time, everytime I place an order and goes into the market, the market would suddenly fluctuate +/- 1 then it moves to the opposite direction and never look back…some I leave for a few days then it get to the level where I am in profit of 4-5 pips and I close it and after closing it, the market would jump sky high to my direction…and then beginning yesterday…everything gets worse…no more fluctuation and the market would certainly move to the opposite direction. whew! what a scam! it is being manipulated.
There are many strategies for trading the news either just before or just after a news release, or a little later when the market has set off on a new course. But it can be extremely dangerous! From my experience it is easy to quickly make 90+ pips in a few seconds but even easier to lose that much.
The problem is with that level of volatility, you don’t know how much you could lose UNLESS YOU USE A GUARANTEED STOP LOSS or take a LIMITED RISK TRADE.
This option will add two or three pips to the brokers’ spread, so it costs you money BUT IT COULD SAVE YOUR ACCOUNT.
BEWARE!!
The Forex in itself isn’t even a single entity. There are certainly brokers who have been accused of scamming their clients, but to call the Forex itself a scam shows a profound lack of understanding. What criteria did you use in choosing your broker? How long did you demo trade before you decided to risk real cash on this?
I strongly recommend you visit http://www.babypips.com/school/
I would agree to that firmly… I am a strong believer of standing in front of your money/business… Its just like someone “I spending $10,000 on a coaching program that is supposed to make me a millionaire by the end of the year” but all they do is tell you to take action. The hardest part is getting over that initial push and then it is all gravy from there.
Futher education?
I also recommend checking out ForexAIM I hear it is going to be a good one…
illum
Why would it suddenly stop now? Hasn’t all those economic indicators been happened before the last 3 months? I dont think so…it is not pure coincidence…its being manipulated
It is possible for the market to manipulated but you would have to be insane to try something like that :eek: … or just really smart and have some huge balls… but I highly doubt that…
Ok all of my investment is buy blah/blah all them are losing 75 pips each. And the market is on a steady direction…so I decided to take advantage of that direction so I invest some more short blah/blah. And then the market will now shift direction…until it will sty for quite sometime at the point where all of my investments loses 30-40 pips each…amazing! scam isnt it?
No, it’s spam! That’s what you’re doing here. Last I checked, it was considered rude to hijack a forum thread and spam it with complaints that aren’t even relevant to the thread’s main idea. Even so, various people have gamely offered discussion on the matter, but rather than provide intelligent answers, you keep beating the same little drum. I’ll admit, it was funny at first, but it now qualifies as spam and is getting old.
I would respectfully suggest you knock it off, or create another thread to complain into.
Thank you.
If the word “scam” is all you can say that Forex is definately not for you. Have you even read any of the babypips school yet? You almost sound like you are just trying to get everyone’s attention by not listening to a word of advice that they are offering you. Go back to the casino and place your money on red/black, and with your luck zero will come out . By the way, casino’s are scams too if you don’t know what you doing. Good Luck!!
Topgun
xblaster,
You have to come to terms with the fact the market does not give a damn about your persepctive. It does not care when you enter or exit and it most certainly does not conspire to defeat you purposely. You are conspiring against yourself, plain and simple.
If you are so convinced that your broker is messing you up then either change broker or methodology, but stop screaming SCAM. It’s annoying and when it takes place in a forum filled with newbies, it is bound to have a negative effect on other newbies who might not know any better.
You have to get proactive and constructive about this. The market is always right, no matter what happens. You have to learn to operate from its perspective instead of your own, because the market does not care about your perspective.
Start by reading some books and the information on this website and then test your own methodology. Before you do any of this please do not continue to fill this thread with nonsense. Learn to work with the environment instead of whining about it
[QUOTE=genghisclown;5479]Last I checked, it was considered rude to hijack a forum thread and spam it with complaints that aren’t even relevant to the thread’s main idea.QUOTE]
hahahaha, genghisclown you made my day, hijack a forum, pure genius.
Hey X,
I think you are a little parinoid. If Bill Gate invested all of his money in one trade he might affect the pair. But I don’t see that happening. I think that you are trading with your heart and not your head! Remember take your emotions out of it. Goto Demo trading until you can pull a profit more months then you lose. Also look at the day and week charts to find the trend. And remember nobody wins everytime.
Good Luck, remember God dosn’t hate you!
Wow, a complaint in almost every thread. Feel free to post your trades so users here can fade them; consider it repayment for having to read your posts over and over again in different threads.
You know i sometimes wonder about the “dealer desk” and how mysteriously I am psychic. because sometimes Ill will take a hit and decide ow well i better get out before it gets worse and as soon as i exit wow!!! the market changes and i feel like wow I can’t believe that! You know the bottom line is make rules and stick to them. Yes sometimes the market is unpredictable BUT if u trade emotionally u r essentialy gambling. Ask anyone the casino has the odds in there favor. So in forex the key is don’t b emotinal!!! Decide on rules and stick to them. For me that is the biggesdt hurdle because I decide to follow a system and then I let my emotions tell me “get out” or even worse " I can make my money back" There is alot to be said about trading emotionally. I think if u have a system( have backtested and have confidence in it) then you need to stick to the rules of that system. If you don’t have a sytem or a set of rule then I strongly encourage you to research and learn. otherwise you are just gambling
Fade them…mugen, that was mean…but funny.
first of all, i am not hijacking this forum nor do i intend to do so. the fact of the matter is i am airing my concern that forex is not safe because of the fact that it can be easily influence by tiny buy-off which means even nanny can make the market tumble if she wishes to and also 100% sure that it can be manipulated.
This has become a sheer annoyance. It reminds me of the fly in my house for a week that i kept missing with the flyswatter.
You have stated your concern, completely ignored any reasonable advice you have recieved to the contrary. Suffice it to say that we all disagree with you, but we’re all nuts anyway. In fact, i changed my mind…you’re right…forex is a scam and is manipulated. Will you go away now?