Dubai: be careful with forex and stock market gossip

By johnniew - Posted on January 7th, 2011

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Investors and even some forex traders have long complained about the insider trading culture in the Gulf. It is common for insiders to buy rumors and sell facts, as a quick glance at the charts of companies listed on Dubai and Abu Dhabi exchanges prove. Just before an important corporate announcement, shares would spike, as insiders are buying. Dubai is perceived by many stock and forex traders as a frontier market - one where it's difficult and dangerous to trade. But then which market is easy to trade? Check what happened on the New York Stock Exchange on May 06, 2010.

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Earn from forex

Submitted by moneyfromforex (not verified) on 14 January 2011 - 7:44pm.

Hi Friends
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getting nuts

Submitted by forexman (not verified) on 14 September 2011 - 6:19am.

There is no market that is safe to trade. Even in US the flash crash proved that to be true. People were wiped out because their stops did not trigger. It is getting crazy in the forex trading markets too.

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other forex info

What is forex? The forex market is where one currency is traded for another. It is the largest market in the world, not only in Dubai. You could try following some bloggers' forex trading plan (at your own peril), or set up your own forex blog to better learn forex. That way, you can at least take note of the reasons for taking specific trades, what forex chart patterns they are looking at, and get some valuable forex tips from them. Don't forget about calculating the support and resistance area for the forex pairs you're following by using a Fibonacci calculator. This will help you immensely in your trading as most speculators will be looking at the same price levels, and you could possibly predict the moves of currency pairs.

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