Ok You Finacial Wizards....question

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frosty (chris)
Posted
Posted

Here is another example of Forex. Today there are statements from China concerning their economy. At 1 pm AEDT the AUS $ was trading at 72.43c, 5 seconds after what market considers good news from China the price was 72.85 (a 42c gain), now it was bought up to that but after 72.85 there is no more sellers so the $ drops back down again, this is how it works, the big players are taking out all the stops loss positions, there sometimes is no rhyme or reason.

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