How to buy a farm house by trading markets!
- Thread starter yasirdxb
- Start date
.Monthly performance
P/L of Mar = +445 pips - $ 4450.00 (approximate)
Trade Updates:-
Aud/usd short @ 0.6935 - stop loss @ 0.7020 - target @ open
Trade closed @ 0.6900
P/L = +35 pips
Open trades:-
Xau/usd long @ 913.00 - stop loss @ 903.00 - target @ open
Eur/jpy long @ 127.30 - stop loss @ 129.00 - target @ open
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P/L of Mar = +445 pips - $ 4450.00 (approximate)
Trade Updates:-
Aud/usd short @ 0.6935 - stop loss @ 0.7020 - target @ open
Trade closed @ 0.6900
P/L = +35 pips
Open trades:-
Xau/usd long @ 913.00 - stop loss @ 903.00 - target @ open
Eur/jpy long @ 127.30 - stop loss @ 129.00 - target @ open
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News Bits:-
The European Central Bank is set to fire another salvo of funding at banks on Thursday and take euro zone interest rates down to new all-time low of 1.0 percent in what could be its last rate cut for some time. In a further twist it looks likely to tweak its overnight deposit rate -- the rate currently setting the bar in money markets -- to avoid driving interbank rates too low. Economists are also eager to hear if policymakers are any closer to following the U.S. Federal Reserve and the Bank of England into the uncharted waters of quantitative easing, although expectations remain distinctly low
The European Central Bank has said it does not exclude reaching beyond interest rate cuts to boost the ailing euro zone economy, sparking speculation that it could announce further unconventional steps as soon as April. So far the ECB has refrained from direct asset purchases, unlike some other central banks. However, it is providing unlimited liquidity to banks at a fixed rate of interest, instead of using auctions, and is accepting a wider range of collateral. These qualify as non-standard measures, it says.
The European Central Bank is set to fire another salvo of funding at banks on Thursday and take euro zone interest rates down to new all-time low of 1.0 percent in what could be its last rate cut for some time. In a further twist it looks likely to tweak its overnight deposit rate -- the rate currently setting the bar in money markets -- to avoid driving interbank rates too low. Economists are also eager to hear if policymakers are any closer to following the U.S. Federal Reserve and the Bank of England into the uncharted waters of quantitative easing, although expectations remain distinctly low
The European Central Bank has said it does not exclude reaching beyond interest rate cuts to boost the ailing euro zone economy, sparking speculation that it could announce further unconventional steps as soon as April. So far the ECB has refrained from direct asset purchases, unlike some other central banks. However, it is providing unlimited liquidity to banks at a fixed rate of interest, instead of using auctions, and is accepting a wider range of collateral. These qualify as non-standard measures, it says.
New Trade:-
Xau/usd long @ 897.00 - stop loss @ 867.00 - target @ open
News bits:-
American workers were hammered again in March with large job losses, pushing the total number of jobs lost since the recession began to 5.1 million, the Labor Department reported Friday. U.S. nonfarm payrolls fell by 663,000 in March, close to expectations, while the unemployment rate jumped to 8.5% as expected from 8.1%. Payrolls in previous months were revised lower by a total of 86,000. January's revised job loss of 741,000 was the worst since 1949. In February, 651,000 jobs were lost. In the past six months, 3.7 million jobs have been lost, or 2.7%, the second-largest percentage loss in 50 years.
An index measuring the U.S. services sector is expected to contract in March for a sixth straight month. A services index from the Institute for Supply Management, a Tempe, Ariz.-based trade group of purchasing executives, likely registered a 42 last month, according to Wall Street economists surveyed by Thomson Reuters. That would mean the industries surveyed contracted at a slightly slower rate than in February, when the index was at 41.6. Any reading below 50 indicates contraction.
Xau/usd long @ 897.00 - stop loss @ 867.00 - target @ open
News bits:-
American workers were hammered again in March with large job losses, pushing the total number of jobs lost since the recession began to 5.1 million, the Labor Department reported Friday. U.S. nonfarm payrolls fell by 663,000 in March, close to expectations, while the unemployment rate jumped to 8.5% as expected from 8.1%. Payrolls in previous months were revised lower by a total of 86,000. January's revised job loss of 741,000 was the worst since 1949. In February, 651,000 jobs were lost. In the past six months, 3.7 million jobs have been lost, or 2.7%, the second-largest percentage loss in 50 years.
An index measuring the U.S. services sector is expected to contract in March for a sixth straight month. A services index from the Institute for Supply Management, a Tempe, Ariz.-based trade group of purchasing executives, likely registered a 42 last month, according to Wall Street economists surveyed by Thomson Reuters. That would mean the industries surveyed contracted at a slightly slower rate than in February, when the index was at 41.6. Any reading below 50 indicates contraction.
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Hi Yasir,
Hope i am not asking out of Context :thumb:question, just wanted to ask,
1) Which Forex Broker you are using?
2) What Time (IST) You generally trade?
3) Trading Forex from India, in what tax structure it comes.and what precautions or points should one consider trading forex from India.
Hope i am not Disturbing you.\
Thanks In advance
Avinash
Hope i am not asking out of Context :thumb:question, just wanted to ask,
1) Which Forex Broker you are using?
2) What Time (IST) You generally trade?
3) Trading Forex from India, in what tax structure it comes.and what precautions or points should one consider trading forex from India.
Hope i am not Disturbing you.\
Thanks In advance
Avinash
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