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

Kritic

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watch jim cramer on cnbc
16_wide-21a01c0960f61ca2b64d91b9e7971399cec46126-s6-c30.jpg

things were going so good in the thread til u mentioned that...

900x900px-LL-ff3f303a_1238584287_seinfeld_had_enough.gif
 

Kritic

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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
like his boy started with some fake sh1t. that's how you start then move on to the real thing once you develop a rhythm. i use 8 monitors watching money and it gets addictive. can't sleep. being up odd hours. watching money. make mad money. but its depressing cause sometimes i don't eat or shower for days :what::snoop:. but hey, i ain broke :manny:. and talk a lot of sh1t. :myman:

i dont do forex but something very similar.

now i just disappear for a week do my thing. then cash out another week and go out and punish niccas.

taking my eyes off a monitor to make posts on coli has cost me a lot of money. sometimes i just wish these wack modes could ban me so there's nothing else to distract me.
 

OneManGang

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My boy lost over $2000 dollars trying to be super trader on this. I knew he was bullshytting too because the nikka couldnt tell you the first thing about trading currencies except the graph went up and down on these days :skip:
 

Domingo Halliburton

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things were going so good in the thread til u mentioned that...

900x900px-LL-ff3f303a_1238584287_seinfeld_had_enough.gif


I meant if you don't know anything about stocks watch him. He does the basics. The show before called fast money is more complicated.

besides its the central bank Jews controlling the stock market...i know your whole portfolio is in gold
 

Xtraz2

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My boy lost over $2000 dollars trying to be super trader on this. I knew he was bullshytting too because the nikka couldnt tell you the first thing about trading currencies except the graph went up and down on these days :skip:
:dead:

well obviously he didn't put tha time to learn it

thats NOT a good example of Forex trading bro...
 

Xtraz2

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like his boy started with some fake sh1t. that's how you start then move on to the real thing once you develop a rhythm. i use 8 monitors watching money and it gets addictive. can't sleep. being up odd hours. watching money. make mad money. but its depressing cause sometimes i don't eat or shower for days :what::snoop:. but hey, i ain broke :manny:. and talk a lot of sh1t. :myman:

i dont do forex but something very similar.

now i just disappear for a week do my thing. then cash out another week and go out and punish niccas.

taking my eyes off a monitor to make posts on coli has cost me a lot of money. sometimes i just wish these wack modes could ban me so there's nothing else to distract me.
:eat: tha hell do you do?

this is exactly how tha dude i knew wuz, he had like 4 monitors ( how many do you recommend?)

he wuz would be on that shyt intensely for weeks, then he'd cash out and go on a vacation, flip a new ride, basically stunt on nikkaz

how much money do you make off this shyt?
 

Kritic

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:eat: tha hell do you do?

this is exactly how tha dude i knew wuz, he had like 4 monitors ( how many do you recommend?)

he wuz would be on that shyt intensely for weeks, then he'd cash out and go on a vacation, flip a new ride, basically stunt on nikkaz

how much money do you make off this shyt?
at this point it's still baby money nothing to put numbers out there. but enough for me.

http://www.thecoli.com/threads/former-wall-street-wolf-on-money-addiction-op-ed.188322/#post-7262541
 

Lifer11

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:rudy: errybody know that, thats straight forward

Going long on a stock, commodity, or currency means to buy it with the anticipation it will increase in value, shorting means you sell a borrowed stock, commodity, or currency with the expectation it will decrease in value, and you can then therefore make a profit by returning the initial shares purchased at a lower price. (I.e. $1 = 102.53 yen, you would go short on the yen by agreeing to borrow and sell 512,650 yen for $5000 with the expectation that soon the yen will weaken, i.e. $1 = 110 yen, in which you would then sell your $5000 for 550,000 yen, pay back the 512,650 yen, leaving you with 37,350 yen or $339.55 as your profit, before fees. That's how you short sell and make money on a depreciating stock, commodity, or currency. If the yen were to appreciate and go to 95 yen = $1 however you would then lose about $396)

And of course you can learn what you need to know, but it's the same as any investment, the chances of making big money quick are very slim. You need to really research the economies of the countries' currencies you plan on purchasing/selling, and then you need to be willing to take a risk and hope you get lucky as well. I've never traded any currencies, I did purchase some physical Euros a few years ago and sold them a couple months later for a small profit but nothing major. If you're seriously interested and willing to take the risk go for it, I'd recommend looking into Cocoa Futures and Cattle Futures, and just commodities in general, they're much more straightforward and less easily manipulated, also precious metals are great to hold to preserve wealth.
 
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