Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: groanup
All trading the individual gets involved with in the FX market is a game being traded around the edges of the market. When you make money you are on the right side of the current trend. The amounts of money that go through on the "real" currency market make it almost impossible for the individual investor to see a true price, and set the boundaries to a profit outside of their means even if they are right about what is going to happen. The only way to make money in trading FX is to be a bank or a lucky gambler. Take my advice stay out of it, I used to work on a desk moving about 1.5 billion USD/DMK a day.

As for bonds, it is an interest baring instrument. PMV may have changed today, but it is still worth what it was yesterday unless you are looking to sell it, but that is another game played by very different rules.
77 posted on 10/24/2005 5:37:35 PM PDT by Woodman ("One of the most striking differences between a cat and a lie is that a cat has only nine lives." PW)
[ Post Reply | Private Reply | To 76 | View Replies ]


To: Woodman
The only way to make money in trading FX is to be a bank or a lucky gambler.

Well I am neither. I am a speculator who knows that the market is like a shark and its prey, both have to move to live. I'll move AFTER the market starts to move. I have made good money in the FOREX and I expect I'll continue to do so as long as I follow the major trend.

82 posted on 10/24/2005 7:23:05 PM PDT by groanup (shred for Ian)
[ Post Reply | Private Reply | To 77 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson