Posted:
#1
Been learning about this with my friend who is very good at it. And he's been trying to teach me. Just wondered if anyone else could tell me anything?
Is Foreign Currency Trading profitable?
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Posts: 11
Posted:
#2
If you know what you are doing.
I think a few people here dabble in it. The risks are high and I think MANY people are making money because shorting the dollar or buying other currencies has been EASY money for the last year or so..
Things that seem easy get hard just as fast.
Investigate it more, research and read and paper trade once you have an idea what it is and how it works..
I think a few people here dabble in it. The risks are high and I think MANY people are making money because shorting the dollar or buying other currencies has been EASY money for the last year or so..
Things that seem easy get hard just as fast.
Investigate it more, research and read and paper trade once you have an idea what it is and how it works..
Posted:
#8
It isnt reversing until BUSH is outta there, maybe not then.
You are fighting the mighty FED and since they print money cloaked (NO reporting of M3) who the hell knows when they stop?
I am more pissed that we are selling our DEBT and assets at discount prices in order to artificially prop our pathetic economy.
Great plan Greenspam and Bernanski.
You are fighting the mighty FED and since they print money cloaked (NO reporting of M3) who the hell knows when they stop?
I am more pissed that we are selling our DEBT and assets at discount prices in order to artificially prop our pathetic economy.
Great plan Greenspam and Bernanski.
Posted:
#9
1.Short the euro (not now, but soon around jan/feb or the fed rate at 3.5%)
2.Buy basket asian of currencies
3.Sit back and don't panic
Everyone is high on Europe, but I don't buy anything wrong them. Maybe some drugs or indirectly some software or tech. However margins are high for thoose companies so they are take a hit on margins rather than raising prices. Asia on the other hand is keeping its currencies low because of China. Once China starts to appreciate its currency other Asian countriers will follow.
The US currency is turning into a value from growth (it's the only way I can relate to stocks). It's the demographics to keep it simple. You can look at Japan in the early 90's to see where we are heading in a macro view.
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