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Anyone else into Currency trading?

 
Reece2076
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User ID: 739379
China
08/01/2009 08:59 AM
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Anyone else into Currency trading?
Anybody else out there in GLP land who is into the Forex market? I see mostly threads about the stock market. It would be nice to have one about the Forex market for those of us who trade currencies.
As Above, So Below

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Andromeda

User ID: 708515
United States
08/01/2009 09:02 AM
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Re: Anyone else into Currency trading?
I only trade currencies for pretty things.

And my 2 cents for arguments!

Last Edited by Andromeda on 08/01/2009 09:03 AM
Chawlee

User ID: 739345
United States
08/01/2009 09:05 AM
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Re: Anyone else into Currency trading?
Hi Reece,how ya been? Sorry I can't participate in your thread,cuzz I trade all my currency for electricity,food,
gas and such.
Reece2076 (OP)

User ID: 739379
China
08/01/2009 09:12 AM
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Re: Anyone else into Currency trading?
Hi Andromeda & Chawlee.. Thanks for contributing anyways.
As Above, So Below

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mw
User ID: 607805
Canada
08/01/2009 11:44 AM
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Re: Anyone else into Currency trading?
Hi,
I've recently delved into the fx markets.I could make you a millionaire! no problem.All you have to do is do the opposite of what I do and you will become rich. I have this uncanny ability to change markets at will. For example I will notice an uptrend for days make a trade and the second I do that uptrend either reverses or goes into consolidation and then reverses.I've studied all the indicators and have come to the conclusion that they are meaningless,nothing can tell the future.I have not given up and I am determined to beat this thing.Oh, by the way how are you doing in your fx adventure?
Anonymous Coward
User ID: 730214
United States
08/01/2009 11:50 AM
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Re: Anyone else into Currency trading?
Hmmm, something tells me forex trading is a very sketchy choice of investment, tread carefully. i have yet to have enough money to be comfortable enough to take the chance of losing some in markets.
Anonymous Coward
User ID: 738973
United States
08/01/2009 11:54 AM
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Re: Anyone else into Currency trading?
I have 30 bucks to invest. Any suggestions?
Anonymous Coward
User ID: 736733
Netherlands
08/01/2009 11:56 AM
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Re: Anyone else into Currency trading?
Over the counter forex trading is a scam.
The money is not segregated, it is all in one big brokers account.
And he will trade your own money against your position in order to keep your deposit.
And also alter the spread constantly so you can never profit.
Currency futures on the other hand are segregated the broker doesn't have access to your money, they can only take out fees and losses and add profits after the trading day is through.
Currency options the same, they cant trade your own money against you.
But, they can trade against you with their own money but anyone can do that.
Reece2076 (OP)

User ID: 739379
China
08/01/2009 11:59 AM
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Re: Anyone else into Currency trading?
Hi,
I've recently delved into the fx markets.I could make you a millionaire! no problem.All you have to do is do the opposite of what I do and you will become rich. I have this uncanny ability to change markets at will. For example I will notice an uptrend for days make a trade and the second I do that uptrend either reverses or goes into consolidation and then reverses.I've studied all the indicators and have come to the conclusion that they are meaningless,nothing can tell the future.I have not given up and I am determined to beat this thing.Oh, by the way how are you doing in your fx adventure?
 Quoting: mw 607805

LOL

I mainly use candlesticks as indicators. Nothing is 100% accurate but if you stick to what has the highest probability of happening you should do ok.

I've been at it for a couple of years now. Before it was mostly long term, now I am range trading. Entering and exiting a trade in the matter of days maybe weeks if I got in at the wrong time.
As Above, So Below

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Reece2076 (OP)

User ID: 739379
China
08/01/2009 12:02 PM
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Re: Anyone else into Currency trading?
Over the counter forex trading is a scam.
The money is not segregated, it is all in one big brokers account.
And he will trade your own money against your position in order to keep your deposit.
And also alter the spread constantly so you can never profit.
Currency futures on the other hand are segregated the broker doesn't have access to your money, they can only take out fees and losses and add profits after the trading day is through.
Currency options the same, they cant trade your own money against you.
But, they can trade against you with their own money but anyone can do that.
 Quoting: Anonymous Coward 736733

I don't know about all that. I trade directly within my bank account, which can be held in all the major currencies. I've looked into online Forex accounts but decided to stick to using my bank for various reasons.
As Above, So Below

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Anonymous Coward
User ID: 551719
United States
08/01/2009 12:07 PM
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Re: Anyone else into Currency trading?
Hello Friend, I've been playing the gold and silver shares [slw, kgc, auy] for about 10 years. I'm wondering if you think all currencies will devalue to gold, and if so, why play a sinking market? Thanks.

PS: real job is school teacher. market just a hobby!
NoMoreCages

User ID: 726989
United States
08/01/2009 12:08 PM
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Re: Anyone else into Currency trading?
I'm studying it at the moment.

Interested in trading English Pounds and Japanese Yen.

Using the candlesticks, too. I have a good friend who's doing very well with it.

We'll see, I'll keep you updated when I get started.
"The question is not, can they reason? Nor, can they talk? But can they suffer?" - Bentham
Anonymous Coward
User ID: 728817
United States
08/01/2009 12:10 PM
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Re: Anyone else into Currency trading?
FX is easy just short the usd.. bonghit
Reece2076 (OP)

User ID: 739379
China
08/01/2009 01:26 PM
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Re: Anyone else into Currency trading?
Hello Friend, I've been playing the gold and silver shares [slw, kgc, auy] for about 10 years. I'm wondering if you think all currencies will devalue to gold, and if so, why play a sinking market? Thanks.

PS: real job is school teacher. market just a hobby!
 Quoting: Anonymous Coward 551719

I don't think so. But if that did happen wouldn't that mean all paper currency would be worthless?
As Above, So Below

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Reece2076 (OP)

User ID: 739379
China
08/01/2009 01:33 PM
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Re: Anyone else into Currency trading?
I'm studying it at the moment.

Interested in trading English Pounds and Japanese Yen.

Using the candlesticks, too. I have a good friend who's doing very well with it.

We'll see, I'll keep you updated when I get started.
 Quoting: NoMoreCages

Sounds good.

I trade all these pairs and NZD
[link to finance.yahoo.com]

Currently I'm holding Euros.

Maybe you can post some trade signals from your friend too.
As Above, So Below

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Anonymous Coward
User ID: 357364
United States
08/01/2009 09:41 PM
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Re: Anyone else into Currency trading?
FX is easy just short the usd.. bonghit
 Quoting: Anonymous Coward 728817

iamwith
Enlilson

User ID: 726235
United States
08/03/2009 05:26 PM
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Re: Anyone else into Currency trading?
thinkin about doing it because of some international business opportunities.
It doesn't matter who I m it's who U R so ChoOse