Is we should Leave Forex Trading after three times losses?

[kashi93]

Dear Members:

Kia hamen 3 dafa account wash karne k bad Forex trading hamesha k liye chor deni chaye? Q k Hm jitna b experienced ban jaen ye jitna b forex ko Learn kar len phir b ham Loss zror kar jaty hain. Akhar ye risky business chor kar job ko ehmiyat di jaey ye is me Mazeed investment kar k Dobara trading start ki jaey?

Umeed hai sab achi Suggestion dan gay...
Thank you in Advance....@>-

[yulbang111]

after three times losses is not right decission to leave forex business. we know that most success trader failed more and more before they can get successful in this business. we should do more learn, make evaluate and try different way to avoid much losses. sometimes we will know how to earn consistent profit with less risk. sometimes we will get successfull in forex business.

[Mustansir]

yar is main loss hum apni ghaltiyun ki wajah sy hi karty han proper learn karty nahi hain aur phir qasoor forex ko dy dety hain keh yeh bahut mushkil kam hai halan keh aisa kuch bhi nahi hai bhai pehly learn karu full phir investment karu aur phir apko acha khasa profit earn hoga hum bahut si aur bhi ghaltiyan karty hain jis ki wajah sy humien loss hota hai jesa keh greed ziada karty hain ya phir fear ki wajah sy bhi mary ja sakty hain.....

[Nirzana]

That not right that you will leave your business with fixed time lose, Thats why I ask everyone to make confidence yourself that Forex is business not a game or gamble, to do any kind of business that first of all you have to determine yourself that you are doing a business,
Dont worry about that you get some lose, remind that these are not loses, just these are your experience that next time you dont do these types of mistake which you have done already and specially I think some loses can enhance your experience level in your trading life.

[Sunriser1]

Forex trading bahut se chance Aate Hain Aapke Paas jis mein Aapka Dil Karta Hai Kya Aap Forex ko leave kar den lekin Itna easy nahi hai Forex ko aap levae nahi kar sakte Ek Baar Jab Apne profit and kar liya.Loss hota rehta hai lekin iska matlab yeh nahi ki aap Forex ko he leave kar dein yeh eak business hai.

[yawarhussain]

Citi faces up to $180m loss on Asian hedge fund trade

[yawarhussain]

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Citigroup could lose as much as $180m on an Asian hedge fund’s ill-fated currencies trade, a result that will see Sanjay Madgavkar, Citi’s global head of foreign exchange prime brokerage, leave the company, according to a person familiar with the situation.

[yawarhussain]

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The bank’s potential losses from loaning money to the hedge fund will depend on negotiations with the fund and the cost of unwinding the trade, but the person familiar with the matter said that the sum was already accounted for in its public financial guidance.

[yawarhussain]

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The fund is managed by a unit of Hong-Kong based GF Holdings, which is owned by GF Securities, according to a person familiar with the matter. GF Holdings did not immediately respond to a request for comment.

[yawarhussain]

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John Gerspach, Citi’s chief financial officer, warned earlier this month that the bank would not meet a key financial target this year because of market conditions. Mr Madgavkar has worked at Citi since 1997, according to his LinkedIn page.

[yawarhussain]

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The bank lost money through poor hedging before: it reported a $150m loss when the Swiss franc appreciated suddenly in 2015 and later that year, Citi sued Tormar Associates, an investment fund founded by two former Goldman Sachs partners, after the firm failed to post a margin call on its short position in the franc. Mr Madgavkar was head of forex prime brokerage at the time.

[yawarhussain]

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In the aftermath of the latest losses, Citi on Tuesday also announced a change in management structure for the business formerly run by Mr Madgavkar, which supports hedge funds’ forex trading.

[yawarhussain]

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A memo seen by the Financial Times said that the unit would move from the foreign exchange group, run by Nadir Mahmud, to the prime finance and securities services business, which provides most other services to hedge fund clients and is run by Okan Pekin.

[yawarhussain]

The memo said that the reorganisation would “unlock synergies across all markets products and ensure our clients are supported seamlessly for their important financing, operational and transactional needs”.

[yawarhussain]

The memo made no reference to recent market challenges or to the potential losses, which were first reported by Bloomberg.

[yawarhussain]

Citi declined to comment and Mr Madgavkar could not immediately be reached for comment.

[yawarhussain]

With reporting by Stephen Morris and Laurence Fletcher in London

[yawarhussain]

Sterling tumbles on Brexit worries; dollar rebounds

[yawarhussain]

NEW YORK (Reuters) - The pound slid to its weakest level in nearly 1-1/2 years against the dollar on Monday as British Prime Minister Theresa May postponed a parliamentary vote on her Brexit deal, rekindling doubts about U.K.’s departure from the European Union in March.

[yawarhussain]

The greenback enjoyed a mild recovery following its steepest weekly drop versus a basket of currencies in three months last week, as traders reduced their expectations that the Federal Reserve might pause its interest rate hikes sooner than previously thought.

[yawarhussain]

“It’s definitely weakening the pound,” said Chuck Tomes, associate portfolio manager at Manulife Asset Management in Boston. “It’s casting more uncertainty about a Brexit vote.”

[yawarhussain]

The U.K. parliamentary vote for May’s Brexit proposal was set for Tuesday. Opponents and supporters of Brexit joined in opposition to her deal.

[yawarhussain]

At 10:21 a.m. (1521 GMT), the sterling GBP=D3 was down 0.63 percent at $1.2645 after touching $1.2606, which was the lowest since June 2017.

[yawarhussain]

The euro hit a three-month peak versus the pound at 90.47 pence. It was last up 0.77 percent at 90.22 pence.

[yawarhussain]

The greenback strengthened versus a basket of currencies that includes the euro as traders trimmed their earlier bets on a less aggressive Federal Reserve.

[yawarhussain]

Widening interest rate differentials between the United States and the rest of the world, driven by a confident U.S. Federal Reserve, has fueled an unlikely dollar rally this year. However, weak data in recent weeks has clouded the currency’s prospects for next year.

[yawarhussain]

“You are getting a bit of reprieve from a very dovish view for the Fed in the next 12 months,” Tomes said.

[yawarhussain]

The futures market implied traders expected the U.S. central bank to raise key lending rates by a quarter point at its Dec. 18-19 meeting to 2.25-2.50 percent, marking its fourth rate hike in 2018. They now saw no more than one rate increase in 2019, down from two a month ago, according to CME Group’s FedWatch program.

[yawarhussain]

An index that tracks the dollar versus a group of six currencies .DXY was up 0.31 percent at 96.81 after falling 0.78 percent last week.

[yawarhussain]

Yesterday’s signals were not triggered, as the price did not quite reach either of the nearby levels.

Today’s USD/CAD Signals

Risk 0.75% per trade.

Trades must be taken before 5pm New York time today only.

[yawarhussain]

Short Trades

Go short after the next bearish price action rejection following the next touch of 1.3620 or 1.3650.

Place the stop loss 1 pip above the local swing high.

Adjust the stop loss to break even once the trade is 20 pips in profit.

Take off 50% of the position as profit when the trade is 20 pips in profit and leave the remainder of the position to ride.

[yawarhussain]

Long Trades

Go long after the next bullish price action rejection following the next touch of 1.3565 or 1.3529.

Place the stop loss 1 pip below the local swing low.

Adjust the stop loss to break even once the trade is 20 pips in profit.

Take off 50% of the position as profit when the trade is 20 pips in profit and leave the remainder of the position to ride.

[yawarhussain]

The best method to identify a classic “price action reversal” is for an hourly candle to close, such as a pin bar, a doji, an outside or even just an engulfing candle with a higher close. You can exploit these levels or zones by watching the price action that occurs at the given levels.

[yawarhussain]

I wrote yesterday that the CAD remained very weak due to the still-falling price of Crude Oil. This pair could start to rise again later after the New York open. I was prepared to take a bullish bias after another good bounce at 1.3565. This was a good call as although the price made a low just a couple of pips above the level before turning around and challenging the highs again; however, the price has not been able to exceed earlier highs yet.

[yawarhussain]

It seems that the bullish move may be running out of momentum, but the odds are still with the bulls as we have a clear long-term bullish trend here. I would be bullish after a strong bounce at 1.3565 if it happens later.

[yawarhussain]

There is nothing important due today concerning the CAD. Regarding the USD, there will be a release of CB Consumer Confidence data at 3pm London time.