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This thread was started in response to the Analytic:
Speculators' Futures FX Positions
The weekly figures on traders' futures commitments obtained from the Chicago Mercantile Exchange's International Monetary Market shed valuable light on the developing flows pursuing one currency versus another.
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.
Controlling your emotions, is the biggest challenge. When you are in the heat of the moment and in the abyss of the markets fear/hope/greed all kick in at once. I understand what Jamal is going through and if we all help each other and support each then we can come along way. Yes, Risk management is very important, but this comes with time and experieance. Normally the individuals funds run out dry and he/she are unable to gain the experiance over time.
Jamal, wait for Ashraf Twitpics and that will give a visability of the markets and take his advice and judgement targets.
Thanks
Saeed
One way to hedge is your short oil is to BUY NZD vs USD.
I still see LOWER USDJPY and LOWER GBPUSD.
Ashraf
You are an extremely cocky and arrogant individual...so full of yourself and utterly empty in respect towards others. I do not even wish to share ideas w/ such an individual EVEN id he makes me a thousand quid every hour. Verily, it is a sign of things to follow when one thinks that 'i know and you don't'. And worse, the audacity to continue despite others' advice..
I have lost USD 15,000 within 2 months,,, please help me how can I recover my capital,,,,
I know I am new at this but need your advice on crude (October Contract, which is trading now at 73.8). I am thinking of buying at 73.4 for a target of 74.3 on an intrady basis.
What do you think?
Thanks
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
How do you know that I went to party because I made some money today???
I don't think you know about me anymore......just like you have the short position on oil and didn't agree with people who closed short position and make long position.....don't take your emotion on trading...it will kill you,,,,by the way,,,,I drink milk everyday.....
spec never say that he never trade, but i figured out.......just like I figured out NOK/USD should go down today.....
you are using your imagination too much!!! do the homework before making decision!!
I agree with most of the comment made about your outburst against Specs, as uncalled for. You are now lashing out at all, please just move along and lets continue to focus on trading. As for me this blog is invaluable as I am still learning.