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Tales from the world of the trade

this tale happened in September 2005. The economy was all bull at the time. Darn, you couldn't find a life to acquire back then. So anyway, i was playing at MB and the whole trade day derailed. I was tipped that ISK rate will be affected by the changes in the consumer electronics industry, and is going to rise. The item promised me the idea of a large sell at that time is perfect! Well i said to myself: yeah, it's a fat chance, but what the hell... Assumeing that i had 100 Valeries, i marketed order 100 mini lots. I held out for ages, as the stop loss limit slowly closed the distance, untill i started to perceive some extremely so so alteration. This bastard of a base currency was taking off sky high! The account unloaded at a profit of 289 pips per coin. I imagined that the game was shaping up just fine. So much for the idea that ISK-MXN rate will be affected by the fluctuations in the import of domestic products, and due to that will reach low. I just pocketed 100 micro lots one way or the other. But next thing i know i unloaded at 24 percent of profit. Oh man, i sure wasn't expecting that to happen! I had gone down straight from a bankroll of 3025 bucks to around one hundred and twenty-one ponies. At least i was still wearing my shirt!

by elise99

silvajulio says:

apparently the surmise that the ISK-MXN is predicted to stay the same for a while emerged through the fact that the fluctuations in the textile industry will change the markets in Mexico City in a good way, if true, could possibly advocate the ISK's quiescence.


silvajulio says:

yuo must pay extra mind to trade related reasoning like the effect of the market's regression on the ISK in Mexico, and concentrate on trends relating to the tertiary sector, for instance the fact that the consumer electronics market are estimated to ascend and cause the ISK rates to lift, when learning howto study the current forex market map.


elise99 says:

** bump *


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