Thread: Liteforex - take your first step to financial freedom

Originally Posted by allfakeids

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While Americans were enjoying their turkey, financial markets performed a strange scene: Dubai's government announced its intention to restructure its state financial fund Dubai World. This piece of news caused some concerns and worries in the market, which forced dollar up against euro and, hence, gold lost a few cents.
Thus, markets have all rights to give back dollar its power and once again to make it the most reliable currency.
We shall wait and see

with all that it is unlikely that world economy will recover soon. Three main variants: buy euro or gold or dollar - at least one of them will go up

Originally Posted by Modest

with all that it is unlikely that world economy will recover soon. Three main variants: buy euro or gold or dollar - at least one of them will go up

Taking into account that gold has dropped today sharply, in mid-term run the option is to buy dollars

Originally Posted by FapTurbo.Name

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Last Thursday dollar gained much of its lost positions making new trend by EUR/USD which is believed since then will be falling.
Investors are still focused on Dubai World problem (Dubai State Fund responsible for external debt – the company owes over 59 billion dollars to British government) performing risk-aversion and leaving stock market aside.
Probably this dynamic of the last will remain the same at the beginning of a new one.

Hello Liteforex representatives, I just learning forex. Las Friday I was going to do a buy trade on EUR but confused buttons in the terminal and clicked Sell instead of Buy. I didn’t want to sell EUR at all. Price was at 1.4855 and now it’s higher than 1.500. How can I cancel that trade cuz it was just a mistake?

Originally Posted by Irochka19

Hello Liteforex representatives, I just learning forex. Las Friday I was going to do a buy trade on EUR but confused buttons in the terminal and clicked Sell instead of Buy. I didn’t want to sell EUR at all. Price was at 1.4855 and now it’s higher than 1.500. How can I cancel that trade cuz it was just a mistake?

Dear Irochka19,
Unfortunately we cannot help you in this situation even if you confused buttons by mistake. Once opened the trade can be canceled only by taking the opposite trade. It means that you have to do a Buy side trade to close your position and fix the losses. There is an alternative – you can wait for the price go down. But this can be very dangerous.

Originally Posted by Irochka19

Hello Liteforex representatives, I just learning forex. Las Friday I was going to do a buy trade on EUR but confused buttons in the terminal and clicked Sell instead of Buy. I didn’t want to sell EUR at all. Price was at 1.4855 and now it’s higher than 1.500. How can I cancel that trade cuz it was just a mistake?

Almost the funniest occasion I've ever heard! =) (well, once my friend did the same but in his case it was demo account).
You should have closed the order immediately not to loose much

Monday, November 30th - Forex trades show advantage of the European currency over dollar. Demand for risky assets has grown again against the safe prospects Dubai Worlds debt problem: in the end of the past week, the largest state conglomerate Dubai Worlds has asked its creditors for delay in payments, which had provoked nervousness of the investors who have seen in these messages serious threat to European and American banks.
At the moment the former heat is gone, however negative influence still remains. The central bank of the United Arab Emirates announced its readiness to support Dubai Worlds’ creditors. Also emergency financing mechanism has been created to support necessary bank liquidity level, which is of vital importance for recovering economies.
Monday’s macroeconomic data reflect the mixed views. In October the fall of industrial production in Japan was a big surprise: 0.5% against 2.1% in September. Data from UK, as a whole, did not much support pound.
In practice markets are very timid, and can forget almost anything. Several days ago traders believed that world economy recovery is not far off, however Dubai occasion has at once broken all hopes. Demand for dollar as currency-refuge was so great, that it has helped dollar to win recognition in the markets. The new trend was supported also by that fact that Friday’s trades remained very “thin”, as the majority of players did not enter the market after Thanksgiving.
Despite the lax of economic data from the USA, Friday’s events have a great value. The point is that in the United States this day large retail companies offer very big discounts for the goods which forces many Americans to cluster in front of shops since early morning. Hence, depending on the data coming from the US soon on the American domestic demand and Americans’ propensity to spend we may face either economic growth or the next “wave” of crisis as if Americans do not perform much trust to dollar it may break down the biggest economy in the world.