Hello everyone!
I am in shock because what happen last week on the market!
DId anyone have idea what was that? what will happen next week?
Brake over 122.00
Stay below 122.00
Hello everyone!
I am in shock because what happen last week on the market!
DId anyone have idea what was that? what will happen next week?
Look my dear,
last movements was very strange to me
my knowledge still little about forex at all
but my advice to me and for you and for all trader
Always Trade with stop loss
easy if you have education, experience and smart enough.
Look the mane "power" which moves all econimics is USA. When USA got bad news from Chinies stock market traders in USA began to sell everythig they can so we saw such a big moves all over the world. Ectually it was expected long time ago to happen this corection. So my analysis for next 2-3 weeks that we don't buy USD only sell, and all atempts for USD to go back we use to sell it again and again.
Mistake in Dow Jones calculating computer sistem-main market index in USA-just gave extra power for market to fall (this is what "The Wall Street Journal" said)
Tuesday on US stock market began with big sell of Chinies stocks companies. So the indexes of Standard&Poor, Dow Jones and Nasdaq began to fall. Speed of falling of Dow Jones wasn't so fast as Standard&Poor and Nasdaq, but in the midle of the day Dow Jones falled down and lost in few minutes 200 pips.
The worst moment of the day was just a few minutes around 15.00 o'clock, Dow Jones which for the moment already falled down more than 200 pips falled down for around 300 pips more less than in a minute. Than it was found that the speed of fall was because of computer delay which happen because of high volume of trades. So Dow Jones falled down 546 pips before began to recover a little.
Anyway I propose for all traders to check the news reports before they decide which order to make!
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