anybody in here do currency trading (forex)? i heard u can make $$$$

[Ego Noir]

Don't commissions kill you doing a lot of short term trades like that? Anyways I mentioned before I've never traded currency. Honestly the way I've been playing the yen is I bought Toyota stock. All I know the big trade right now is long anything against the yen. Also I've heard the euro has peaked and should be coming back down.

Using a direct-access broker offer better pricing since basically the amount of trades would be an enormous volume. So are you an investor or do you day trade?




Any stock market / forex traders in here?

 

[Xtraz2]

There are a select few people with early life situations that allow them to get involved with finance with a good knowledge and support base.

But you can learn; you will always be at a disadvantage, unless you study up and are a natural beast. And get lucky occasionally.

Anybody can learn if they out some time into it, it ain't rocket science

 

[Hiphoplives4eva]

no i don't

but why can't i learn that like everybody else?

or were certain people born knowing tha difference between long and short in finance?

If you expect to learn everything there is too know about forex trading on the-coli.com then your not serious and will all likelihood lose money. If your serious about researching more about the Forex, then head to Google.com and get to work. Stop expecting everyone to do the leg work for you.

 

[aliG]

the way i've heard of it its like day trading but you follow it 24/7/366... every darn second you follow it till your eyes bleed... its around the clock baby

 

[john goodman]

Tried to research this before but too many scams out there... turned me off. Heard the russian mob scams mad people with forex stuff

Would love to get into but I want to learn from someone legit. Im into macroeconomics so I think it would be a good fit

 

[PewPew]

Babypips.com for all you forex fans. You can learn for free from some real knowledgeable folks.

I used to day trade and got Wesley snipes burnt! I'm definitely not about that life

 

[Domingo Halliburton]

...

 

[Xtraz2]

Babypips.com for all you forex fans. You can learn for free from some real knowledgeable folks.

I used to day trade and got Wesley snipes burnt! I'm definitely not about that life

so you lost money? Wuz it lack of experience?

 

[keepemup]

All these forex guys do is try to trade money in a way where you get more out than you put in. Look up exchange rates, look up transfer fees. The end.

(That's, of course, my cursory understanding)

 

[86\*/98]

I don't think I'll be able to do this; I feel like I'm never gonna figure out how to flip this bread legally.


All I want is enough for a decent home, close to the beach, a 1956 bel air convertible, and trip money every other month.
I'm going to back to jail, I know it. I can't stop myself from wanting a better life, and I only have hood connections.

 

[cheek100]

I don't think I'll be able to do this; I feel like I'm never gonna figure out how to flip this bread legally.


All I want is enough for a decent home, close to the beach, a 1956 bel air convertible, and trip money every other month.
I'm going to back to jail, I know it. I can't stop myself from wanting a better life, and I only have hood connections.

funny u say that, i got a homeboy that got into trouble and did 3 years
apparently he met some cat that put him up on forex, daytrading all that
he got out bought a laptop and Never Left The House for 3mo..
next thing hes riding a decent whip, got a passport and bought a crib

just do the homework bruh.. dont listen to anyones fears
if whiteys doing it and brothas aint.. its worth the homework

 

[NkrumahWasRight Is Wrong]

Ive always wanted in on the Forex or at least the commodities market. Im hesitant to get in the Forex until China makes a big move, which may be years..so Im probably going to stay out of it.

 

[Domingo Halliburton]

its something like 70-80% of people lose money on forex. Big banks run this shyt. I'd honestly rather bet on those penny stocks that are being mentioned in the stock market thread up there.

 

[ltheghost]

I'm assuming you're american, right? Like I said in the first two sentences of the post you quoted....long US Dollars/ short Yen

basically the Bank of Japan (Japan's Federal Reserve) is trying to jump start their economy after two decades of stagnation. they are devaluing the yen to make exports cheaper (japan is islands, hence they have to export everything). Yen should continue devaluing to like 100 yen / 1 US Dollar. It's at around 93 yen/dollar right now.

Now, you might think a currency falling by 7 yen is a small move. But even 1 penny (USD) move up against the yen is huge in forex and has worldwide implications.

****Note: I have no position in any of the above mentioned trades. I have never speculated on currency. You should buy Toyota if you want to make this yen trade without the currency risk*****

Two years ago my paycheck here was lovely...taking the Yen and sending it back to USD...lovely....now this shyt...lol

 

[Xtraz2]

its something like 70-80% of people lose money on forex. Big banks run this shyt. I'd honestly rather bet on those penny stocks that are being mentioned in the stock market thread up there.

Show me tha receipts for that statement

maybe they didn't put any time in it