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198 Pages«<191192193194195>»
Realities of Forex Investment
Ceinz
#3841 Posted : Sunday, February 16, 2020 1:52:31 PM
Rank: Veteran


Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
kingfisher wrote:
What's the best online forex platform for Kenyan traders. I would like to join on a small scale



Just Google.

Also check out:Https://www.forexpeacearmy.com/

Look for a reputable broker,atleast one that has been there for a while. Also ease of withdrawal/ funding e.t.c. Best of luck.
“small step for man”
Ceinz
#3842 Posted : Friday, February 21, 2020 9:56:28 AM
Rank: Veteran


Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
Ceinz wrote:
T-Bag wrote:
How far is this Gold rally......seems too steep of a climb....trying to rationalise trump-economics


Looks overdone.


Gold bulls winning. $1700 approaching soon.
“small step for man”
lochaz-index
#3843 Posted : Friday, February 21, 2020 10:43:10 AM
Rank: Veteran


Joined: 9/18/2014
Posts: 1,127
Ceinz wrote:
Ceinz wrote:
T-Bag wrote:
How far is this Gold rally......seems too steep of a climb....trying to rationalise trump-economics


Looks overdone.


Gold bulls winning. $1700 approaching soon.

Fear trade. USD on a tear too. Negative correlation between gold and USD broken. Yields tanking with Greece 10 yr at sub 1%. Japan and Europe flirting with recession. If dollar index continues on the same trajectory (if the fear persists) there will be alot of pain for EM and FM in short order. Ugly doesn't begin to describe it.
The main purpose of the stock market is to make fools of as many people as possible.
Ceinz
#3844 Posted : Friday, February 21, 2020 11:00:15 AM
Rank: Veteran


Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
lochaz-index wrote:
Ceinz wrote:
Ceinz wrote:
T-Bag wrote:
How far is this Gold rally......seems too steep of a climb....trying to rationalise trump-economics


Looks overdone.


Gold bulls winning. $1700 approaching soon.

Fear trade. USD on a tear too. Negative correlation between gold and USD broken. Yields tanking with Greece 10 yr at sub 1%. Japan and Europe flirting with recession. If dollar index continues on the same trajectory (if the fear persists) there will be alot of pain for EM and FM in short order. Ugly doesn't begin to describe it.


Correct, negative correlation between the two broken for now.
“small step for man”
slick
#3845 Posted : Friday, February 21, 2020 7:22:24 PM
Rank: Member


Joined: 6/1/2017
Posts: 288
lochaz-index wrote:
Ceinz wrote:
Ceinz wrote:
T-Bag wrote:
How far is this Gold rally......seems too steep of a climb....trying to rationalise trump-economics


Looks overdone.


Gold bulls winning. $1700 approaching soon.

Fear trade. USD on a tear too. Negative correlation between gold and USD broken. Yields tanking with Greece 10 yr at sub 1%. Japan and Europe flirting with recession. If dollar index continues on the same trajectory (if the fear persists) there will be alot of pain for EM and FM in short order. Ugly doesn't begin to describe it.


We hope gold hits 1700 USD and beyond.These advanced nations central banks with their money printing Quantitative Easing and Repurchase Agreements will result in massive devaluations of fiat currencies against gold.USD strong and inevitable Dollar Index will hit 100 and beyond as the fear trade into USD and US based assets like stocks and bonds continue due to coronavirus.US bond yield curve has inverted yet again with the 1 month bill yielding 1.556% vs 10 year yielding 1.475% as I write this.Totally nuts that short dated treasuries yield more than long dated ones but its the nature of Western markets and such yield curve inversions have a 100% track record of predicting recessions.Bond yields in lots of Eurozone countries like Germany and Switzerland plus Japan have negative yield making even more investors flock into USD and US assets to flee the abnormality of negative yielding treasuries.
Contrarian Investor and Trader.Advocate of free markets,limited government interference in the economy and sound money
winmak
#3846 Posted : Wednesday, March 04, 2020 6:19:12 PM
Rank: Member


Joined: 12/1/2007
Posts: 512
Location: Nakuru
https://www.sib.co.ke/mansa-x/

Anyone tried this? Need heavy critique here. Is it safe? Considering the flaunted 24 % pa return.
For investors as a whole, returns decrease as motion increases ~ WB
lochaz-index
#3847 Posted : Thursday, March 12, 2020 5:14:02 PM
Rank: Veteran


Joined: 9/18/2014
Posts: 1,127
EURUSD taking a nosedive after a monster counter trend rally last week. USD bulls back in charge ignoring the anticipated Fed rate cuts. CBs have lost their marbles or any sort of control they thought they had since markets have lost faith in them. Rising credit risks means higher interest rates sooner rather than later.
The main purpose of the stock market is to make fools of as many people as possible.
mnandii
#3848 Posted : Thursday, March 19, 2020 12:28:09 PM
Rank: Elder


Joined: 10/11/2006
Posts: 2,249


Expecting EURUSD to climb upwards of 1.2760 in wave 3 in the coming month.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
lochaz-index
#3849 Posted : Friday, March 20, 2020 7:08:31 AM
Rank: Veteran


Joined: 9/18/2014
Posts: 1,127
mnandii wrote:


Expecting EURUSD to climb upwards of 1.2760 in wave 3 in the coming month.

I'm on the opposite side of this one. Expecting it to tank below parity as European economic problems come to the fore.
The main purpose of the stock market is to make fools of as many people as possible.
mnandii
#3850 Posted : Friday, March 20, 2020 3:38:12 PM
Rank: Elder


Joined: 10/11/2006
Posts: 2,249


USDJPY MONTHLY CHART

The pair is rising in wave (D) of a triangle. Expect prices to be contained within the red trendlines before rising strongly past the upper red trendline as depicted by the blue trend lines.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
Swenani
#3851 Posted : Saturday, March 21, 2020 10:19:25 AM
Rank: User


Joined: 8/15/2013
Posts: 13,161
Location: Vacuum
Waah... paper losses... GBP inaanguka kama panty ya Julie akiona Guka
If Obiero did it, Who Am I?
Angelica _ann
#3852 Posted : Saturday, March 21, 2020 2:04:04 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,701
Swenani wrote:
Waah... paper losses... GBP inaanguka kama panty ya Julie akiona Guka

Wacha matusi!!!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
slick
#3853 Posted : Saturday, March 21, 2020 5:07:03 PM
Rank: Member


Joined: 6/1/2017
Posts: 288
Swenani wrote:
Waah... paper losses... GBP inaanguka kama panty ya Julie akiona Guka


Its because the Bank of England slashed rates to their all time low of 0.1% and launched 200 billion pounds of QE and this new money creation resulted in the pounds fall especially against the rising reserve currency of the USD despite the Fed printing trillions.

The Australian Dollar (AUD) has seen even more carnage than the Pound Sterling with the AUD/USD rate falling from 0.67 to a low of 0.55 (weakest since 2002)but closed on Friday at 0.58.Just like the Fed and Bank of England (lets just say all first world central banks) the Reserve Bank of Australia also cut rates for 0.5% to 0.25% and for the first time in Aussie history they launched QE

Its good to be the reserve currency where Fed can cut rates to 0% and unleash trillions of liquidity and the USD still risesagainst all other currencies.Though the USD strength is hurting the global economy especially emerging economies drowning in USD denominated debt.Some pundits postulate a meeting of the top global financial honchos of G7 and/or G20 will be arranged soon to plan a controlled devaluation of the USD just like the Plaza accord of September 1985
Contrarian Investor and Trader.Advocate of free markets,limited government interference in the economy and sound money
mnandii
#3854 Posted : Sunday, March 22, 2020 6:54:08 PM
Rank: Elder


Joined: 10/11/2006
Posts: 2,249
TRADE IDEA

GOLD



Sell Gold with your Stop Loss at 1515.96 and target 1427.60, a 700 pip move. This will complete an expanded flat wave B. Thereafter we'll go long.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
lochaz-index
#3855 Posted : Tuesday, March 24, 2020 8:06:33 PM
Rank: Veteran


Joined: 9/18/2014
Posts: 1,127
mnandii wrote:
TRADE IDEA

GOLD



Sell Gold with your Stop Loss at 1515.96 and target 1427.60, a 700 pip move. This will complete an expanded flat wave B. Thereafter we'll go long.

These markets will kill people. The whipsaw action is unforgiving. Gold now trading above $1600 as most metals appreciate quick and fast taking advantage of slight dollar weakness.
The main purpose of the stock market is to make fools of as many people as possible.
mnandii
#3856 Posted : Monday, April 13, 2020 1:05:56 PM
Rank: Elder


Joined: 10/11/2006
Posts: 2,249


BULLISH ON EURUSD. Two scenarios: Either wave [2] ended at 1.0765 and the move up has started OR one more move below 1.0765 is due with a target at 1.0730 before start of move UP. Either way look to be LONG EUR$
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
mnandii
#3857 Posted : Monday, April 13, 2020 1:16:30 PM
Rank: Elder


Joined: 10/11/2006
Posts: 2,249


USDJPY. Triangle scenario. Wave B of (D) in progress. I expect the pair to fall to 106.44 or 105.30 before turning UP to levels above 114.00s
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
VituVingiSana
#3858 Posted : Monday, April 13, 2020 7:40:40 PM
Rank: Chief


Joined: 1/3/2007
Posts: 17,205
Location: Nairobi
mnandii wrote:
TRADE IDEA

GOLD



Sell Gold with your Stop Loss at 1515.96 and target 1427.60, a 700 pip move. This will complete an expanded flat wave B. Thereafter we'll go long.
One could have been wiped out with this move if one bet all-in naked! Gold at 1650+ today. I don't have gold but I think the safest option is going long or staying in cash. No shorts!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
slick
#3859 Posted : Tuesday, April 14, 2020 9:35:27 AM
Rank: Member


Joined: 6/1/2017
Posts: 288
VituVingiSana wrote:
mnandii wrote:
TRADE IDEA

GOLD



Sell Gold with your Stop Loss at 1515.96 and target 1427.60, a 700 pip move. This will complete an expanded flat wave B. Thereafter we'll go long.
One could have been wiped out with this move if one bet all-in naked! Gold at 1650+ today. I don't have gold but I think the safest option is going long or staying in cash. No shorts!


Gold is the ultimate safe heaven from this central bank fiat money printing madness.It initially sold with the rest of the market as it was a liquid asset during the liquidity crunch to meet margin calls from from other falling assets like general equities.Talk of throwing out the baby with the bath water.Now gold is responding to the trillions of currency being created from debt and nothing.Long term its expected to go much higher and take out its 2011 all time highs of 1900.Its still massively overvalued considering all the fiat being conjured up.

If we could only go back to a gold standard that limits the ability of central banks to just print money.As history shows fiat currencies always fail and this current fiat regime wont be different.There have been numerous cycles for thousands of years from gold to fiat and back to gold and maybe that rhythm will repeat itself
Contrarian Investor and Trader.Advocate of free markets,limited government interference in the economy and sound money
Ceinz
#3860 Posted : Tuesday, April 14, 2020 1:49:34 PM
Rank: Veteran


Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
slick wrote:
VituVingiSana wrote:
mnandii wrote:
TRADE IDEA

GOLD



Sell Gold with your Stop Loss at 1515.96 and target 1427.60, a 700 pip move. This will complete an expanded flat wave B. Thereafter we'll go long.
One could have been wiped out with this move if one bet all-in naked! Gold at 1650+ today. I don't have gold but I think the safest option is going long or staying in cash. No shorts!


Gold is the ultimate safe heaven from this central bank fiat money printing madness.It initially sold with the rest of the market as it was a liquid asset during the liquidity crunch to meet margin calls from from other falling assets like general equities.Talk of throwing out the baby with the bath water.Now gold is responding to the trillions of currency being created from debt and nothing.Long term its expected to go much higher and take out its 2011 all time highs of 1900.Its still massively overvalued considering all the fiat being conjured up.

If we could only go back to a gold standard that limits the ability of central banks to just print money.As history shows fiat currencies always fail and this current fiat regime wont be different.There have been numerous cycles for thousands of years from gold to fiat and back to gold and maybe that rhythm will repeat itself


Couldnt have put it better.
“small step for man”
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