Want to know more about online stock, forex exchange and forex trading guide? Find out about forex brokers such as MIG Investments and FOREX.com; controlled by NFA(US), CBRC(China), BAFIN(DE) and OSC(CA), in the following languages: chinese, english, dutch and spanish; find Beginner friendly service or round the clock access.
this tale happened way back when, in Feb 2000. The economy was all bear at the time.. Well anyway,
my sis and i were starting off with a tiny bankroll of 2140 bucks at NordMarkets and the entire operation derailed. Some relative of mine had a tip about the fact Singapore Dollar rates will be affected by the weakening in the domestic products prices, and is going to move downward. This dude swore to me that waiting till then and then selling will top hole! Well i go: yeah, it's a fat chance, but hell yeah! Recollecting all that information i knew most thoroughly, i thought it best to GTC 100 micro lots. I glowered at the monitor for ages, as the stop loss limit gradually closed in on me, untill half-pie variation started to turned notable. This bastard of a base currency rose sky high! I unloaded at a loss of 66 percent! I was getting minorally concerned for the ill stared condition in which i found myself. What a crazy tale it seemed to be at the time, that the ascension in the markets around the continent will impact the SGD-BBD prices for the better. I just made 100 mini lots either way. But then i sold at 200 pips per coin of profit. Heck, now that was a real surprise! So i had lost practically all the dough i started out with. Better luck next time;)
orion1980 says:
I completely disagree with what you wrote - middleton_leonard
Login or Register to add a comment
Create a new account or login to join in on the Discussion. You'll also be able to Endorse stories and help promote things you like.
just wanted to share what a mad night i had on FXDD!
I was messing around at FXDD and the trade day went holywood. I was told that Lira rates will be affected by the updates in the agricultural equipment imports, and because of that will increase. This exerp assured me that waiting till then and then selling is the real deal! Well to begin with i suspected some chicanery or something, but once i recognised the true meaning of his message, i go: yeah, the spread is tight, but darn right i'm in! I loaded up around nine Prince Charleses. I was holding out for about half an hour, as the stop loss line slowly closed in, untill i started to perceive some most average variation. The base currency was blasting like fireworks! The account unloaded at 279 pips per coin of profit. So i conjected things were doing hunky dory. What a crazy tale it seemed to be at the time, that TRY-CYP rate will be affected by the fluctuations in the office equipment imports, and due to that is going to ascent. I had just tossed four ponies no matter how you took it. Next thing i know i sold at a loss of 76 percent! Hoot, now that was what i call surprise! Well well! I had lost just about all the bucks i started with. At least i was still wearing my shirt!
MAD rates will be affected by the growth in the electronic equipments import, and therefore will ascent. Written in the context of the fact that the updates in the electronic equipments import can cause some damage in on the European fx arena, the implications this statement might have during the near future may be wide!
this all happened in June 1998. For sure, it was a bear market back then. Darn, one couldn't find a Josiah to risk by back then... So anyway,
my dad and i were playing at Trading USA and the sitting went haywire. I heard that DKK-USD rates will be affected by the gain in the foreign trades, and due to that is going to lift. This exerp assured me the idea of waiting till then and then selling will first-rate! Well at first i suspected some type of trickery or something, but as soon as i recognized the true gravity of what i was being told, i go: yeah, it's a long shot, but lets put tip through the works! Given all that info i had been to implement, i loaded up 100 micro lots. I stared at the screen untill finally, after a long wait, most average variance turned noticable. 2 minutes later the base currency was taking off like hot air in January! The account unloaded at a profit of 21 percent. I judged that the evening was moving about copeseticaly. So much for the idea that the corn industry are going to to move upwards and cause growth in the Krone rates. I just pocketed nine Prince Charleses and that was the bottom line. But then the account sold at 220 pips per unit of loss! Jeez, now that was what i call surprise! Well what do you know! I lost practically all the smackaroos i started out with. Better luck next time!
5 follow ups