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I am sorry but I did not call you any such thing. Turkey is in Europe. It is a fact. Anyone who says otherwise have a reason. If you side with this, it is your problem not mine. As for the word devaluation, there is no such thing in a free market. Devaluation implies/means price fixing by an...

From the sources you quote: "In common modern usage, it specifically implies an official lowering of the value of a country's currency within a fixed exchange rate system, by which the monetary authority formally sets a new fixed rate with respect to a foreign reference currency" Read the...

Devaluation implies that there is fixing of prices by a certain authority. Therefore, the price is not determined by a free market.

That is not a devaluation! devaluation have an exact meaning. Use the same word for other securities and you willsee what happens to you on ET and everywhere else.

If it is traded in the international free market, I would say look forward to a valuation. Why? Because of the carry trade, and the implicit undervaluation put in by people like the poster of the above comment. Years from now, they may buy from you at a dear price, and will be happy to do it...

devaluation? Isn't the lira traded in a free market? If yes, how could you use the word devaluation? If it is the case, then it seems as if anything that is foreign to you can be devalued. If it is traded in a market, this implies that your comments are moronic, and possibly have descriminatory...

Are you now a converted HolyGrail? Earlier you were tough. With knowledge things can change. But your point on making a safe positive rate of return on the money is very important. There is a way to solve that problem as well.

There is a way to get even around that problem as well.

Are the moderator? I agree that I should have posted it elsewhere, and I later did. It is under live trades in forex trading. It was a suggestion to another member who was bored like I was. I filled the boredom by trading forex, he filled his by posting a thread. ET does not belong to you...

Bed time for me. Summary: Made money on EUR/JPY. No current open orders or trades on this pair. EUR/USD: made 10PIPs earlier. Currently one open trade (same size as earlier today). Stop at 1.46681. If hit, will finish 1 pip on this pair. This is one of the worst periods to make money on...

EUR/USD: moved stops on open trade down to 1.46681. Removed the sell order that were placed in pyramid formation around 1.4665 as this will conflict with udpated stop order of current open trade.

EUR/JPY: Sellers who are strong enough to defeat buyers are now at a higher level (there are still sellers at the level of 158.68-158.70, but they are not reliable anymore). Strong sellers are now at 158.74. Waiting until I have confirmation whether they have the potential to defeat buyers...

first down target on eur/usd is 1.4644. That is why my size is small as the move is small. If it becomes big later, then it is fine. A large number can also be obtained with a small number (which is my size) times a large number (the latter is the move if it goes beyond the first target).

Plan to add to eur/usd in area of 1.4665 if buyers counterattack and are defeated. sell orders in pyramid formation. Stop around 1.4674

EUR/USD: went short for a size equal to what I shorted earlier today and made 10 pips on. Went short at 1.4659.

Pair EUR/JPY: the area where buyers should be defeated in order for a reversal to take place has now lowered. It is now 158.68 to 158.70. First wave of entranched sellers are in the area of 158.65. No position yet. If there will be one it will be short, and only after buyers have been...

Ask the kid to make trades live in this thread to prove that he can make money first. Tell him to place his trades here. We will see what he will do first.

I hope it is not paper trading money! :D

Yes you can get all the money you want. The question is how to do it? I have been doing it myself for sometime now,and I learned how to do it by paying $3000 for the knowledge. The problem you should start with: are you going to make a positive return on the money? Start with that first. If...

Dinner time! I am still awaiting a possible battle in the higher territory mentioned above or until a new picture emerges. Currently no positions on eur/jpy and no orders in place.