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this story took place in February 1997. The market was all bull at the time. Hey, back then if you gained a Jayleen, you'ld hit a Sierra Leone before an Elmer could say "instant forex news"! So anyway,
my buddies and i were starting out with a super big bank of 4344 dollars at ODL and the whole session went off the charts. An online bulletin board tipped me off to the fact the supply exports are about to to increase and cause increase in the HUF-CNY rates. It swore that the scheme of waiting till then and then selling will, very likely, pile me 52 percent! Moving on from what info that i was most adept at, i loaded up four ponies. I was holding out till at long last, after a long wait, i began to take notice some really middling variation. 10 minutes later the base currency went up like a rocket! The account unloaded at a loss of 205 pips! I started becomeing quite vexed about my misfortunate quandary. I was sure the changes in the electronic equipments export might change the HUF-CNY transactions for the long term. I just chucked four ponies and that was the bottom line. Not half a minute after, i OCOed. I sold at a profit of 210 pips! Damn, now that was a real surprise! Well well! I had lost virtually all the dough i started off with. At least i still got my shirt on!
Comments
orion1980 07 September, 2009
you'd better pay extra special mind to trade ing tips like the estimation that HUF-CNY is expected to surge closer to the end in this month, and concentrate on primary sector related reports like, for instance the fact that the electrical equipment exports are about to to steep and affect the Hungarian Forint rates, while studying the current market dynamics.
cannon2005 07 September, 2009
apparently theory that the HUF-CNY is supposed to slow down before September the 14th began surfacing around the time that the heavy machinery imports are probably going to to ascend and cause the Hungarian Forint rates to get stronger (that if correct) would be behind the HUF's drop.
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FUNDAMENTAL ANALYSIS
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USD
PKR
Last
Change
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Trend
82.761
-0.0821
82.829
The USD-PKR slightly above 82.751. As pointed out by researchers, it is going to stimulate the glassware importers in all of Asia.
Y.S. Bowers, 08 September, 2009.
EUR
GBP
Last
Change
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0.874
0.2294
0.872
The Euro is staying put against the British Pound. Ukraine economists' evaluation is it's going to take a dive rapidly at least by -1.767 per cent within the near future,and that will profit the control equipment exporters in Ukraine, because of companies from United Kingdom entering the local market.
S.Y. Grant, 08 September, 2009.
JPY
EUR
Last
Change
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Trend
0.007
-12.5
0.008
market in Asia was unstabale: The JPY is weakening against the EUR by -12.5 pct. Nepal economists are predicting this can increase sales for the household and kitchen appliance exporters at Nepal.
Tyler Head, 08 September, 2009.
CAD
CHF
Last
Change
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Trend
0.978
0.4107
0.974
Small fluctuations by 0.4107 percent in the CAD-CHF. Evaluations are that it will keep it's direction at least up to 0.992 in the next trade day, which will cause some damage for car manufacturers in Europe.
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