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Posts by "tanvir ansari"
30 Posts Total by "tanvir ansari":
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Posts by Anonymous "tanvir ansari":
Where is GBPJPY headed? time to go long or short it? I have a short position at 140.67, do you think it will go down, seems like USDJPY is headed up so GBPJPY may be headed up as well? Ashraf your thoughts please
I never said when I make money that its because of me, I always have felt that this is a market full of fraud and if I made money, it may be some fundamentals which the fraudsters could not break.
Out of 24 hours only 5-6 hours is real trading or a genuine trading, rest of the time its mostly dealers chasing after the accounts and trying to panick an investor and testing his patience, if they have stops set, then run those stops and if they have limits just do not brush those limits.
Ashraf you said about volatility in 1980, I agree. At that time market may not have this many participants, so higher volatility. Forex market is growing, hence the volatility is decreasing as well.
If this market is not full of fraudster then why is CFTC regulating them? There are numerous complaints and also being a software engineer, I suspect that is the case. I can not guarantee it because I do not have source codes, but it is easily trackable that this happens.
Ashraf, you did say that forex dealers chase out wek buyers and I have seen the big movements happen during the time when the volume is really thin or when some data comes in or rumour is created. I think all these should be investigated. For example the rumour of yesterday about Greece being saved, from where it originated, who originated it and who benefitted from it.
All those words of you are good, but I do not believe much that, Forex is not a con job. When ever I will just try to place the order and click on it, that very same currency goes up and down to maximise the loss, and it is not just 1 day, it happens for years, and this behaviour is common with everyone. That purely means that all these software have cookies inbuilt and what they do is track every movement of cursor and is aware of your position and hence the robot crawler does best to eat you up.
I hope these things will be exposed and CFTC will take action against all the brokers like FXCM, FOREX, MG Forex, SAXO bank and all those who are advertised on Fxstreet.com
And regarding volume, there is not much volume most of time, its these banks themselves who are playing amongst themself creating orders and buying and selling, hence no losses to them. This is a fake market.
I voted earlier in first round. Do I need to vote again? Also, I dont get Education in drop down so could not vote. Let me know.
No matter what you do, you can always make money and you can always lose money. Generally Banks make money, and individuals lose.
I have noticed that, every one says that trillions of $'s are traded everyday, but those are leveraged money. This is a very new market and there are not really too many traders. The software you install on machines track every cursor movement and has sophisticated intelligent software that calculates how to maximize your losses and bankrupt you.
You are fighting with computer software, chances are there that you will succeed sometimes, but it will take you out all in one shot if you do play in leverages even cautiously.
Goldman or No Goldman, it does not matter. It's gambling and you may win in gambling, you must be lucky.
My apology if I sounded negative, I did not know how to put the words properly. I am learning. Let me reexplain my thoughts.
What I said is Ashraf is excellent and his analysis is best in trade and yes he is mentor. But there are these big guys like Goldman/Barclay and so many other banks, who have these sophisticated software and they manipulate the market so huge that it makes him shine for 2 months and then they take the shine away and give it to other, what ever the fundamentals be. So I feel these guys keep watching what Ashraf is saying on forums, twitters and other good analysts are suggesting and they will take the trade exactly opposite to it, so as folks like us stop trusting him because we will lose money and then these guys when they suck your money will take the market to the analysis that he had given after few months.
I again do not know, if my words make sense.
So get ready for GBP to go past 1.70, fundamentals may be that it should go to 1.50 as Ashraf made charts, but who cares of fundamentals, Forex is all gambling, where we are an atom and these banks are big stars.
Also GBP may go to 1.50 after few months and Ashraf will tell, I said so. But the problem is by that time most of the folks who reads his forecast will have lost money.