Forum
Posts by "speculator"
804 Posts Total by "speculator":
782
Posts by Anonymous "speculator":
also, sterling is getting beaten hard and has probably topped out for some time.
so the euro is where money seems to be flowing in to for now. i strongly believe things will change in sepember as we are still in holiday mode all over.
weak UK fundamentals outweighed risk taking in the stock markets and the pound suffered today.
As i said, UK fundamentals are shocking and pound is certainly overvalued on an economic point of view. I do expect the pound to be below 1.55 sometime this year.
the fact that crude oil forecasts are starting to head lower for this year should add further support for a falling pound vs dollar even if stocks dont fall sharply and heavily.
When i trade I will start trading cable ONLY as I have studied its trend and associated fundamentals for many years. i will also ensure i have tight risk management of my own. i have also been bitten by greed/emotitions and but recovered. the main thing about investingis to ensure you know how much risk you can take no how much you want to make.
some of us will have different experience in forex so we are entitled to post.
i am happy you are making money but you should not use this to make fun out of people who are struggling. often, people can get things wrong and i have not been wrong all the time.
i have also stated many times that i am NOT a trader but an considering becoming a day trader which is much easier to do than longer term trader/investor. figuring o9ut a direction over a few hours is much easier than 3 months!
thanks
there are so many early warning signs that a stock market correction is coming which would unwind risk positions and inflation-linked assets DOWN.
do some research on the baltic index and figure out the directional trend of this key indicator.
of course, downwards movement in china is also a massive early warning signs for developed markets.
also, think hard about the recent rally it strongly mirrors the crash and post rally of the great depression. whilst monetary conditions are not the same as they are now (QE) economic indications are very weak and so is inflation.
so i would certainly see shorts in crude at current levels as wise for very near term and through 2009.