Latest topics
Forex pro question
4 posters
Page 1 of 1
Forex pro question
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)
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)
Tksuper- New Member
- Posts : 4
Join date : 2012-04-27
Re: Forex pro question
Could be the sellers know something we don't-I'll look into it, and see what I can find-
Terbo56- VIP Member
- Posts : 13675
Join date : 2011-06-18
Age : 67
Location : Central Florida-
Re: Forex pro question
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-
Terbo56- VIP Member
- Posts : 13675
Join date : 2011-06-18
Age : 67
Location : Central Florida-
Re: Forex pro question
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
Tksuper- New Member
- Posts : 4
Join date : 2012-04-27
Re: Forex pro question
That's the Forex-
Terbo56- VIP Member
- Posts : 13675
Join date : 2011-06-18
Age : 67
Location : Central Florida-
Re: Forex pro question
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.
*****************
therealbutterfly- Elite Member
- Posts : 2416
Join date : 2011-08-02
Re: Forex pro question
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.
nwrichard- Forum Friend
- Posts : 144
Join date : 2011-07-27
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
Yesterday at 6:02 am by Ditartyn
» Dave Schmidt - Zim Notes for Purchase (NOT PHYSICAL NOTES)
Sat Mar 23, 2024 9:25 am by swizzlestick
» ZIGPLACE
Wed Mar 20, 2024 6:29 am by Zig
» CBD Vape Cartridges
Thu Mar 07, 2024 2:10 pm by Arendac
» Classic Tony is back
Tue Mar 05, 2024 2:53 pm by Mission1st
» THE MUSINGS OF A MADMAN
Mon Mar 04, 2024 11:40 am by Arendac
» Minister of Transport: We do not have authority over any airport in Iraq
Mon Mar 04, 2024 11:40 am by Verina
» Did Okie Die?
Mon Mar 04, 2024 11:34 am by Arendac
» Hello all, I’m new
Wed Jan 31, 2024 8:46 pm by Jonny_5
» The Renfrows: Prophets for Profits, Happy Anniversary!
Wed Jan 31, 2024 6:46 pm by Mission1st
» What Happens when Cancer is treated with Cannabis? VIDEO
Wed Jan 31, 2024 8:58 am by MadisonParrish
» An Awesome talk between Tucker and Russell Brand
Wed Jan 31, 2024 12:16 am by kenlej
» Trafficking in children
Mon Jan 29, 2024 7:43 pm by kenlej
» The second American Revolution has begun, God Bless Texas
Mon Jan 29, 2024 6:13 pm by kenlej
» The Global Currency Reset Evolution Event Will Begin With Gold, Zimbabwe ZWR Old Bank Notes
Sun Jan 28, 2024 3:28 pm by Mission1st
» Tucker talking Canada
Wed Jan 24, 2024 6:50 pm by kenlej
» Almost to the end The goodguys are winning
Mon Jan 22, 2024 9:03 pm by kenlej
» Dinar Daily Facebook Page
Mon Jan 22, 2024 3:34 pm by Ponee
» The Fundamentals of Finance and Pimpy Live
Thu Jan 18, 2024 7:17 am by Dinarhater
» Why Won't the Iraqi Dinar Scam Die?
Wed Jan 17, 2024 5:19 pm by RamblerNash