Tale from the world of the market
had a hell of a sitting at CMC Markets. While my mate and i were starting off with bank of 3849 bucks at CMC things were a delightful accomplishment. Some internet news board had a tip regarding the fact the updates in the supply market may affect on the ISK-NZD prices. It said a large unloading at that time will work like a charm! At first i was untrusting of some form of chicanery, but because i recognised the unavoidable consequence of what i was being told, i said: yeah, it's a fat chance, but i'm in! Moving on from all the info i had started to utilize, i bought 100 lots. I was holding out for many minutes, as the stop loss line slowly closed the distance, untill fair change began to become noticable. 20 minutes later this bastard of a base currency shot through the roof! The account sold at 123 pips per unit of profit. I surmised that the evening was building up al right. I simply coudn't quit expecting that ISK-NZD rate will be affected by the strengthening in the food imports, and as a consequence will mount. I just wasted 100 lots and that was the bottom line. But not half a blink later, i GFDed and the account unloaded at 66 percent of loss! Gold Phoebe, now that was a real surprise! I do declare! I had lost pretty much all the cash i started off with. At least i still got my shirt on;)
Posted by
webb1979,
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