Welcome to BeerMoneyForum.com - BIGGEST MAKE MONEY FORUM ONLINE

[Potuse]

The Euro has been declining against the dollar. The US index indicated a further decline in the value of the Euro.

The technical analysis I carried out using the Relative Strength Indicator and the Moving Averages( using the 20 and 50 Period moving averages) it showed that the Euro is oversold at 29.3 level and it indicates a bullish movement in the future. The new established support zone is $0.99878. On the overall, the market sentiment is consolidating with no clear trends.

What is your prediction?

 

[Balint098]

When the Fed hikes the interest rates again later this month, I think US dollar will become stronger and Euro will be pushed to parity again. Most countries' currencies are now weakened against USD. And it will continue like that as long as the inflation in the US is still running wild.

 

[Potuse]

When the Fed hikes the interest rates again later this month, I think US dollar will become stronger and Euro will be pushed to parity again. Most countries' currencies are now weakened against USD. And it will continue like that as long as the inflation in the US is still running wild.

It is very evident that the US dollar index is climbing up gradually and it is due to the stability of the political system in the United state of America.

This is a major reason why it is gaining relative strength with respect to the basket of currencies, of which Euro is one of them. The forex trader could make games for himself by creating a sell order of the EUR/USD currency pair.

 

[Xrin Nightfall]

Ending the week at a price level of 1.0220, the EUR/USD pair continues its rebound from the mid-July multi-year low of 0.9951. Even though the increase was not due to the shared currency, the spectacular Wall Street performance and decreasing US government bond yields took their toll on the dollar and helped the pair bounce back on Friday. Better-than-expected earnings reports and anticipation that the Federal Reserve will not tighten monetary and fiscal policy quicker fueled the rise in US stock prices.

 

[Potuse]

Ending the week at a price level of 1.0220, the EUR/USD pair continues its rebound from the mid-July multi-year low of 0.9951. Even though the increase was not due to the shared currency, the spectacular Wall Street performance and decreasing US government bond yields took their toll on the dollar and helped the pair bounce back on Friday. Better-than-expected earnings reports and anticipation that the Federal Reserve will not tighten monetary and fiscal policy quicker fueled the rise in US stock prices.

It is very good that EUR/USD pair is making a rebound. This could be attributed to the decreasing US government bonds yields as you have stated above and it could also be as a result of of the UK economy strengthening . There is a clear indication that EUR/USD pair will continue in the uptrend for quite some time.

 

[tradecode]

I have been struggling with designing a trading bot for eighteen years, my combined losses exceed $30k.

I trade using a gridding system, some call it a martingale.

It is well known in trading circles that it is not possible to win consistently using this trading method.

Trades are opened short.

 

[tradecode]

Beginning balance this week: $839.50

 

[Omotunde]

I have been struggling with designing a trading bot for eighteen years, my combined losses exceed $30k.

I trade using a gridding system, some call it a martingale.

It is well known in trading circles that it is not possible to win consistently using this trading method.

Trades are opened short.

It is really not possible for you to win consistently. There are times you will record some losses and that is how the market operates . The earlier you get yourself acquianted to this , the better , but I am not a fan of using the bot to trade because I prefer to use the pure price action and one or two indicators for the technical analysis to predict the market sentiment.

 

[Xrin Nightfall]

The goal of proper money management in forex trading is to limit trading losses to an amount that can be "managed." This indicates that even if a trader suffers a loss in one transaction, they can still be successful in other transactions despite the loss. The concept of risk management is inextricably tied to that of money management due to the fact that when trading, all hazards portend to one's financial resources.

 

[Omotunde]

In Forex, it is not possible to win all the time,you will win some and lose some, that is how the game is . If you are keen to winning all the time, then you are not ready to trade forex because you just have to come to terms that you could lose consecutively in forex trading.

It's really impossible to win all the time when trading Forex . It is needed that you should always carryout analysis properly and it is also very important to carry out market research so as to make correct prediction and avoid losses as much as possible in the forex market because it is also a volatile market.

 

[Potuse]

It's really impossible to win all the time when trading Forex . It is needed that you should always carryout analysis properly and it is also very important to carry out market research so as to make correct prediction and avoid losses as much as possible in the forex market because it is also a volatile market.

The only thing that will give you high probability of winning in forex is when you are able to analyse the market fundamentally and technically. This means, you must have a prior experience on how to take advantage of the perfect market disruption in the forex market.

 

[Potuse]

Forex need prior experience and you should also have an idea on how to analyse the market trend using both the technical analysis and the fundamental analysis because they will be necessary tools in determining the direction of the market trend and also to instill confidence on the position to take.

It is very strange that some forex Traders do not have a very good knowledge in the technical and fundamental dynamics. It is very important to have all of this knowledge if you really want to make money in Forex and you did not want to lose your money in the same vein.

 

[Emmanuel24]

I never knew dollars would reach Euro in value because the rate of dollars to my currency is lower than Euro currency exchange. I even look at Euro to be the first currency to top all currencies in the market. However in this review, I got to know that us dollars would still rise more than Euro. I will wait and watch out .