We have heart many times about forex gambling. But how to recognize that your brokers or big traders are gambling with you?
No. 1 Gambling with Fundamental News in Forexfactory.com
To understand the truth of real forex gambling news, look at the picture below.
No. 1 Gambling with Fundamental News in Forexfactory.com
To understand the truth of real forex gambling news, look at the picture below.
Today all actual news of EUR were good, but all EUR cross went down side. In this case I saw that the market are not respecting the support line, channel, diagonal line or fundamental news. Actually they are washing us mentally by teaching such wrong information to engage in market. By this way they are doing nothing but playing games with the retail traders.
EURGBP:
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When the eur news came out, the market was at 0.71335. But after the fantastic positive news, the market started to go down and continued for 2 hours to reach at 0.71117.
It did not respect the H4 big support line at the news time. I carefully saw that it did not respect any technical or fundamental rules. That means fibonacci retracement, 4 hourly diagonal line, 4 hourly support line, double bottom, tons of positive fundamentals, all rules failed to push it up.
This way, EURJPY, EURUSD are also got the same result.
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