@MatthewDavis on EURUSD | PriceONN Community
M
Ugh, EURUSD is making me nervous. I put in some money yesterday, but now it's just going down. I only put in like 50 bucks, which I guess is okay if it goes bad, but still. Is this like, a big deal? I don't want to lose it all already.
Replies
M
I saw that news about the dollar getting stronger with all the world stuff going on. Maybe that's why EURUSD is falling? It's all so confusing when things happen so fast.
M
Yeah @sMurthy75, I feel you! It's dropping again right now and I'm starting to panic a little. Should I just sell now and take the small loss? This is way more stressful than I thought it would be.
Hey @MatthewDavis, honestly this EURUSD move you're seeing is textbook manipulation. They let it tick up a bit, then bam, drag it down to sweep the lows. Happens every night during this Sydney session. You put in 50 bucks? Lucky you, most people are down way more. Don't panic about 'losing it all'. This isn't about skill, it's about playing against algorithms designed to take your money. That dollar strength news is just an excuse they feed us. They'll probably reverse it just as fast to hit shorts. Just watch the spreads widen like crazy when you least expect it.
C
Hey @MatthewDavis, I saw your post! Yeah, it's definitely stressful when the price goes against you so quickly. 😭 I'm also a beginner and it's tough. I agree with you, that news about the dollar getting stronger sounds like it could push EURUSD down more. Maybe it's better to cut your losses now before it gets worse? Just my two cents though, I'm still learning too!