naijababe:

Break it down bro, what's BOM If you mean Bet on Markets, mehn, I no fit o. I no just get the liver

honeric01:

But which one is harder? forex or BOM?

HALLELUYA247: can someone trading with 100 dollars follow ur post and is this todays market trend and hw can one use news to trade. i wud b greatful if you reply me through these means 07031968155 or seyi1623@yahoo.com thanks.

naijababe:

In my humble opinion forex is way easier, your charts tell you something has a high probability of happening, u don't know when but with patience it will. BOM has time ceilings, think they are very similar or the same as binaries, no?

naijababe:

In my humble opinion forex is way easier, your charts tell you something has a high probability of happening, u don't know when but with patience it will. BOM has time ceilings, think they are very similar or the same as binaries, no?

Toks2008:

Well, i think BOM is way easier because you don't have to deal with emotions after a bet is placed. In forex trading, volatility tends to affect the psyche of a trader but in BOM especially some that allow you open max of one position on a pair with 24hrs interval, you are more relaxed and focused expecting profit or loss.

But trading BOM can be similar to fx because if you speculate that a price will test a certain supp and you sell then you can as well place a touch or no touch bet on same pair and relax. I like using 24hrs interval using touch or no touch method.

So the idea of placing a bet and relax makes it better than fx where you come in and go out of positions giving your self emotional turmoil and making a dent in your equity irrationally.

ayox2003: Today,

Currency: Euro still open anyway. Battling with 38.2. Bought Aussie @ 1.04368 to take profit first @ 1.0500.

Indices: None

Commodities: Marketscope is yet to open its chart. And Iron FX's MT4 doesnt have commodities chart. My network is just lobotomized today!


Greens to the portfolio



Frawzey

Ogboraph: how do i explain this pls some one help me Classical bearish divergence on: GBPUSD , 30 minutes chart and Reverse bullish divergence on: GBPUSD , 30 minutes chart on the same chart why

Ogboraph: how do i explain this pls some one help me Classical bearish divergence on: GBPUSD , 30 minutes chart and Reverse bullish divergence on: GBPUSD , 30 minutes chart on the same chart why

naijababe:

You know, if i overcome this period, then I am as disciplined as I want to be. I made the decision to trade only 4 instruments about a year and half ago. The list has been trimmed down to 3 with emphasis on two. I can't tell you how tempting it is to go and look for something else to trade just so I can get some pips.

Kai! God dey o

raycolz_84: i need two anaconda candles downwards on the 1hr chart for euro..

jamace:
Congrats bros.

Where dey owambe go happen naa? On this special day, it won't be a bad idea if the Fking can plaster every member of this piphunting family with $100 each. Abi, Fking, is this too much to ask?

infofirst:

Congrat the King, May the pips be greener henceforth

FEMI OLA:

Congratulation galore!!!....wish you more pipsful years ahead.

lari03: Long CadChf at market price,new positions on Usd related pairs will have to wait till much later,lets see if the FOMC press conference sparks off a trading frenzy.

danna: Viewing this topic: puskin, roze777, danna(m), Theyjih, Goodness101(m), lari03(m) and 2 guest(s)

nawa oh!!! were is everybody... abi guys they sideline dey drink palmy....

bond777:

Most waiting 4 5.30 & 7pm when big Ben 'll come up with de market decider. If anyone has opened positions its advisable 2 close or ensure u re close 2 ur system during this times.

Just my 2k

Cheers

UNLIMITED QE?! — Here's The Controversial New Move The Fed Could Pull Today

Read more: http://www.businessinsider.com/unlimted-qe-2012-9#ixzz26MjsgRyZ




Quantitative Easing -- the practice of the Federal Reserve buying bonds in order to boost the economy -- is already a very controversial idea. Critics liken it to money printing, and they say that Bernanke is bringing us down the road to Zimbabwe.

But if you thought that QE was controversial, get a load of this: UNLIMITED QE!

That's what Deutsche Bank is predicting comes later today, when the Fed announces its monetary policy decision at 12:30.

So what is that?

Well in the past, when the Fed has tried QE, it's always come with precise limits on size. So the Fed will say that it will buy $600 billion worth of Treasuries and mortgage-backed securities, but then nothing more.

But the hot buzz in economics these days is that it's not the size of the program, but the commitment on the part of the Fed to keep money easy until the economy is well on the road to recovery.

That's where unlimited QE comes in. The idea would be that the program would be open ended, with ongoing bond buying until that point at which the Fed was satisfied that the economy was strong.

The program is thus transformed from being a program about bond buys to a program that seems to commit the Fed to future actions.

Economist Tim Duy has a great discussion on unlimited QE.

I don't anticipate a lump sum QE announcement. I anticipate an open-ended commitment to regular purchases of securities, Treasuries and/or MBS, that can be scaled up or down in response to the economy. Wall Street may be initially disappointed by the lack of a big number, but over time I think markets will come to appreciate the greater impact offered by a regular commitment based upon economic outcomes rather than the arbitrary amounts and time lines of previous QE efforts.

To Duy, the big question is, what conditions the Fed attaches to ending the bond buying. It probably won't be an explicit Nominal GPD target or even something specific like an Evans Rule (no tightening until 7% unemployment or 3% inflation). It will likely be something softer, and more along the lines of "robust data".

Read more: http://www.businessinsider.com/unlimted-qe-2012-9#ixzz26MjgKM5A

toluxa1: FED TO BUY $40B MBS MONTHLY, CONTINUE `OPERATION TWIST'