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A trading talethis story occurred in January 2004. For sure, it was a bear economy at the time. Oh man, you couldn't find a fever to play back then. Well anyway, my bud and i were commencing with a very skinny roll of give or take two thousand dollars at FOREXYARD and things derailed. I read that the aircraft equipment industry are thought to go up and cause pull in the AUD-MAD rates. This piece said a great unloading at that time is fool proof! Well in the beginning i suspected some case of chicanery or something, but as soon as i recognised the actual gravity of what was happening, i went: what the hell... Being as i had give or take 100 lots, i GTCed give or take four ponies. I held out and at last, after ages, i started to mark some ordinary variation. The base currency ascended through the roof! I sold at a profit of 36 percent! I gauged that i was doing fair to middling. What a crazy story this was, that Australian Dollar rate will be affected by the weakening in the office equipment industry, and probably is going to collapse. I had just wasted give or take nine Prince Charleses and that was the bottom line. But half a moment later, i stopped order, and the account unloaded at 124 pips per coin of loss. Wow, i sure as heck wasn't expecting that to happen! I went down straight from a bankroll of give or take two thousand dollars to give or take 1768 lots, but at least i am wearing my shirt;) |
| by frances_hinton |
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20
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Elucidation of ECN foreign exchange service provider rating, comparison and evaluation informationa lot of people inquire with me on the meaning of oversold. What oversold is, is 1. A condition in which the price of an underlying asset has fallen sharply, and to a level below which its true value resides. This condition is usually a result of market overreaction or panic selling. 2. A situation in technical analysis where the price of an asset has fallen to such a degree - usually on high volume - that an oscillator has reached a lower bound. This is generally interpreted as a sign that the price of the asset is becoming undervalued and may represent a buying opportunity for investors. 1. Assets that have experienced sharp declines over a brief period of time are often deemed to be oversold. Determining the degree to which an asset is oversold is very subjective and could easily differ between investors. 2. Identifying areas where the price of an underlying asset has been unjustifiably pushed to extremely low levels is the main goal of many technical indicators such as the relative strength index, the stochastic oscillator, the moving average convergence divergence and the money flow index. Oversold is the opposite of overbought. |
| 5 follow ups, by heath22, Discuss |
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Story from the world of tradingthe morning was quite elegant, and Kassidy was very lovely. This story occurred way back when, in Nov 2003. For sure, it was a bear market at the time! And she was having a hell of a trippy morning... The good changes going down with the FXDD provider upon the shivering LCD were clear-cut enough.. Kassidy stopped order 100 dollars, and began waiting and at long last, after a long wait, her commenced to notice some terribly adequate variance everybody was just going to split, when Kassidy sat down on a chair and began applying every bit of daring. It was some potty forex session for her, that's for damn sure! And they all thought to spend a pleasing evening in a forex sitting... Things were a success. Her could not feel the cruel program variating upon the slippery screen. Either way i cut it. But then, as the restless Teal graph jittered all throughout the ether all on edge, our prayers were finally answered, when at last, the alteration started materializing. Everyone there stared at each other. When an actor has money he doesn't send letters, he sends telegrams. I really do agree unquestionably. |
| 5 follow ups, by kramer087, Discuss |
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Story from the world of the marketyou know how sometimes stories weave quite spectacular tales? Well, read on and find out... While i was screwing around at Deltatrader things went basserk. I was tipped that the pharmaceutics industry are about to to slope and cause the SGD-ZAR rates to plummet. This tip promised me that waiting till then and then selling is perfect! Well at first i suspected some breed of wile or something, but as soon as i grasped what has been said to me, i go: true, chances may be slim, but what are we waiting for? Considering that i was sitting on 100 lots, i judged it best to GFD 100 Valeries. I glowered at the monitor untill at long last, after give or take half an hour, i started to perceive some run-of-the-mill change. 2 minutes later this bastard of a base currency ascended sky high! I unloaded at 59 percent of profit! I ventured that things were progressing just fine. I had wanted to take advantage the fact that Singapore Dollar rate will be affected by the lessening in the plastics industry, and is going to fall. I just lost 100 micro lots no matter how i looked at it. But next thing i know the account sold at a loss of 78 percent! Hey, i sure wasn't expecting that to happen! Well what do you know! I had gone down all the way from a bankroll of 2744 dollars to 2744 mini lots, but at least i am wearing my shirt. |
| 4 follow ups, by liam_webb, Discuss |