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FOREX Corner v 5.0, FAQ|Technique Sharing|News|Broker
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babytensai
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 Feb 23 2009, 11:28 PM
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Getting Started
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Since there are so many experts in Forex here, I would like to get some help. I have a friend who recently went 2 dis convention in midvalley by kishore himself i think. He said dat it sounds convincing enough and it can be started with just 100USD so since den he started reading his books. Since I would also like 2 try a hand in forex but I would like to keep my options open n I would like fellow experts to advice me on which books shall I pick up on forex as I'm a beginner in Forex n too a beginner in finance as I'm of an engineering major, but I think my analyzing skills would be of advantage in analyzing forex, neva really noe though.
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babytensai
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Mar 21 2009, 12:10 AM
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Getting Started
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So everyone is mentioning dat da market is volatile so it would be most expected for da sharp peaks n deep valleys. When times r like dis, FX no longer goes according to pattern or rather a predicted trend, 300 pips a day is nothing according to a forumer.
My question is, is it wise to trade FX during times like dis? R u all still able to predict da movement of these FX graphs?
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babytensai
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Mar 21 2009, 03:14 AM
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Getting Started
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QUOTE(kelvin_tan @ Mar 21 2009, 01:05 AM) to me after observing market is actually driven by speculation and not by the actual news itself. When there is rumours of an IR cut it usually prices in way before the result is announced. There may not even be an IR cut but if there is a rumour of IR cut the currency will already start moving Wat is ur way of observing da market? By charting? Indicators? Country announcements n rumours? GDP? PPI? Or do u base on ur feelings dat there will be an IR cut in certain country? |
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