Hi... am new to forex....one question.. what causes GBP to drop like lead yesterday and never recover? First time close the night with open positions... a bit worrisome..

Thank you.... for wishing us luck..... I am into my first week of trading. Yesterday first day of loss.... and a big one.. sigh...

darn... close worng line.... just got up fr sleep I guess.. instead of making ... now losing money in the first transaction...play catchup again..

This post has been edited by Grengo01: Aug 26 2011, 09:06 AM

Thx poks.... today breakeven liao! profit of USD0.40.... not too bad... enough for two glasses of iced chinese tea!

seriously... if Bernanke really announced QE3... then what will happen? USD go up? go down? a layman like me will say that it goes down coz you are flushing the system with more money... right? If that's the case, why would GBP face a freakish meltdown over last two days? 1.6500+ down to 1.6200+. haiz... still alot to learn.. hopefully sifu sifu here will give guidance..

but its showing strength against the GBP...... and idiots still seem to flock to a supposed "safe haven" of USD.

I would love to learn the fundamentals and technical analysis...but for the meantime, I want to try out my own analysis and interpretation.... so far, first 3 days been good.. . Yesterday was a hiccup and I realize I got too emotional on the GBP... after all, the charts are pointing that it would breach the all time high! Mana tau, after yesterday, it has gone bearish and may test 1.59... haizz...

yup.... noted...

duhhh... i see nothing.. just that it has gone up way too fast.. way too much....and it has dropped way too fast... way too much...

haiyo... EURUSD was going crazy after 10pm.... then suddenly the server hang.... no connection... wut to do?

spcx... i already notice it 2 days ago... have been following trend for last 2 days... today only go super crazy....

Ejiko.. unfortunately when Bernanke says nothing and did not announce QE3, USD collapse against EUR and GBP but strengthened against CHF.... I think I am lost... any comments? Why? I was happily making close to USD1k yesterday until the pendulum swung out of control... ended up only making a paltry of what I could have made if it had not swung out of control.