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Forex pro question DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Forex pro question

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Post by Tksuper Fri Apr 27, 2012 9:59 am

Just a quick question....

I have been watching forex the last couple weeks and for the most part its been saying that most ppl are buying. Why yesterday and today has it been saying everyone is selling? (forex pro)
confused confused
scratch

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Post by Tksuper Fri Apr 27, 2012 10:19 am

Please?

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Post by Terbo56 Fri Apr 27, 2012 10:28 am

Could be the sellers know something we don't-I'll look into it, and see what I can find-
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Post by Terbo56 Fri Apr 27, 2012 10:32 am

It doesn't look to me that people are selling, only the value of the dinar has dropped slightly-This will come to a close shortly-
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Post by Tksuper Fri Apr 27, 2012 5:37 pm

Thank you. It changed to buying again an hour after I posted this. It was just weird that it went from strong buy to strong sell with in minutes and stayed that way for 2 days.... Hhhhhmmmm

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Post by Terbo56 Fri Apr 27, 2012 5:46 pm

That's the Forex-Smile
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Post by therealbutterfly Fri Apr 27, 2012 6:21 pm

Since its not trading on forex, I wouldnt pay much attention to the trends on it nor the comments from the people about it on there.

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Post by nwrichard Sat Apr 28, 2012 3:50 am

The strong buy or strong sell you are seeing is their recommendation for the trader. It is someone's interpretation or advice on how to read the charts and it changes depending on what time frame you are looking for (are you looking at a 1 minute chart or a 1 day chart). Think of it as one of the gurus saying they just verified it has RVd but we won't see it for another 72 hours so buy reserves. It is just a tactic used to get people to go in one direction. The charts themselves show the fluctuation for that particular broker. Forex pro is only a broker. That means when you place a buy order they must take the other side and hold a sell order. When you place a sell order they must take the other side and hold a buy order. They make their money on the spread and on those who loose on their order. It is in their best interests to give advice that will result in you loosing your position. Most people try to scalp (a very short term trade) when they should be day trading and loose or try to day trade when the charts say to scalp. The strong buy or strong sell recommendation doesn't say which strategy to use. In short. It means nothing more than some one's interpretation of the charts.
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