Forex-Be Careful!

Before Nov26,the us dollar against the euro(not any dubai currency!)was at the lowest levels and chances were it would have receeded further.(lower lows)
Now on Nov26th, it went up from 0.9062 to 1.0085!
It is un imaginable for such a peak unless the trade is MANIPULATED.
The question being how did the nearly bankrupt us dollar suddenly get strenght and rise.The question is to buy one needs money and to sell one also needs money,where did this money come from for us dollar seller which were till now in the dark or in their blues?(esp the big banks!)
According to a recent economic survey carried out in Oct09,22 countries economies have been bettered due to the decline of the USDOLLAR!
Which also clearly proves the drive being the rise of gold in forex markets!
Forex is only for those with substantial cash to use the mt4 platforms and that too in the hands of a pro-US manipulator!

R u sure it is Eur/USD pair??? coz the last time i know ur mentioned rate was around year 2002/3.. either ur in a wron year or you mean a different pair???

Do you even know what you have copied from here :

Link


You call a survey of 2002 as recent? :rofl:

I am the original author of this write up and how did this land up italkcash?
Which moron says oct09,is not a recent survey?(recent economic survey carried out in Oct09)
earthy8

Mate copied or not the info you have mentioned is wrong.. The usd/euro pair is priced well above what you hv mentioned.

i am sorry that my very first post in traderji is in a non-constructive post..

To the poster of the original message
1st of all-the write up (whether original or copied) made absolutely no sense to me...
1.The pair is usually quoted as eur/usd and not usd/eur...
2.even assuming the above 0.9000 levels-that was like 8 years back
3.USD was trading at it's lowest levels against Eur-says who??have u not seen the 1.6000 level?
4.Price swing does happen...that is the beauty of forex...as a trader u r expected to watch out for fluctuations...and this manupulations that you have pointed out (the rest of the world calls it geo-political factors) are expected to impact the market...
5.Don t micro-analyse the forex market...any half baked fundamental analyst would tell u that when economic reports come out
a.if it looks bullish for the U.S economy $ rises in expectation of feds tightening their rates to reign in inflation..correspondingly gold value comes down
b.vice verca if report is bearish for the u.s economy...
an example was yesterdays NFP report.
6.i can t even begin to understand where mt4 brokers figures in the scheme of things
7.My last 2 cents-it is in no ones interest for the dollar to collapse until an alternative currency comes into prominence...pro U.S manipulators??
since when r traders patriotic??they short sell currency pairs or even their country stocks (SEC had to ban short selling to curtail downward spiralling of banking/automobile company stocks) to book profits...
country pride and patriotism does'nt figure in global banks/hedge funds operational plans...

looking forward to continuing an "intelligent" discussion.


Another FX Scalper

The post is not copied from italkcash.. Infact just the opposite.

scalperfx here is your thread on italkcash
http://www.italkcash.com/forum/news...fx-traders-pipshower-ankit-ramdas-rest-u.html

Looks like that other forum is aggregating threads started at traderji.





I have no value addition in this thread

Earthy8 is absolutely right in his post.
If we are not able to seperate noise (posts like this) from the market then you will be doomed in forex!

Leave years even a couple of minutes of lag will result in huge looses as well as gain in forex market.

Sir, timing is the most important factor.