Domingo Halliburton
Handmade in USA
This is like a time capsule....short EUR /USD.
Draghi wants to do more QE
Draghi wants to do more QE
anybody in here do currency trading (forex)? i heard u can make $$$$
- Thread starter Xtraz2
- Start date
To the threadstarter and anyone else who was interested, did you go through with it? If so, how did it go?
I was brought forth this topic by someone a couple months ago. They said if I give my money to some guy to trade and give him 10% of the profits then I'll be good. He said don't do nothing less than 50 thousand.
I've researched the topic seldom but I kind of view it as a "get rich quick scam". Not that the forex game is, but rather the people who are teaching it. I see it on kijiji, websites that consistently have seminars, etc
I was brought forth this topic by someone a couple months ago. They said if I give my money to some guy to trade and give him 10% of the profits then I'll be good. He said don't do nothing less than 50 thousand.
I've researched the topic seldom but I kind of view it as a "get rich quick scam". Not that the forex game is, but rather the people who are teaching it. I see it on kijiji, websites that consistently have seminars, etc
Domingo Halliburton
Handmade in USA
No, but the strength of the US dollar depends a lot on the unemployment report at 8:30 am EST
Long USD vs. EUR and JPY. Look through this thread, I've been right since the beginning of 2013.
If I read correctly, you don't even trade in Forex. You seem to have a good amount of knowledge, so why don't you?
Some cat told me that the Forex game only depends on what happens between midnight and 4am eastern time... he said it all depends on the London market. I'm guessing he's wrong
Domingo Halliburton
Handmade in USA
A ton of money goes through London he's probably right.
I just know more about debt and equity markets then I do Forex.
Basically you have to understand interest rates, macroeconomis and what a central bank is doing to get it.
Nations are devaluing their currencies and its because of trade. Global economies looks like shyt and hopefully the US can carry us.
...but regardless I said I never traded it because i don't want to give out financial advice. I'm not a financial advisor.
That and forex markets are the most stable in the world....you have to borrow big money to make big money. These guys are betting on a penny move in USD.
****you're on a sports website don't take advice you just read on the internet****
Domingo Halliburton
Handmade in USA
Regardless of the shyt I said about not being a financial adviser...
I still think USD/JPY will go back up to 120 and I think EUR/USD will drop....this is largely dependent on what the US jobs report does tomorrow...
I still think USD/JPY will go back up to 120 and I think EUR/USD will drop....this is largely dependent on what the US jobs report does tomorrow...
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na it was all a dream, dude went back
He was a drug dealer who became friends with a 50 year old embezzler in a minimum security pen?
Some cats just can't do right. Not real sure forex even worked for him either.
He was always a super smart guy that did dumb shyt.
March Madness
All Star
Do it consistently and have for years now.
Domingo Halliburton
Handmade in USA
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March Madness
All Star
Anything you wanna add to the thread?
I'll bite, lol
I traded with OANDA for years before I found a broker overseas that would accept US citizens as traders. When I was with OANDA (US Broker) I traded with $15-20k in my account. My current broker is in Dominica and the withdrawals take about a day longer to reach my bank accounts because funds leave Dominica, enter the UK and from there come to the US. Honestly never had a problem with OANDA (they even waived my withdrawal fees), but ultimately trading with a US Broker was handicapping my income so I had to research offshore candidates.
Some of my trades earlier this year with OANDA:
EUR/JPY was my favorite pair to trade last year until the Swiss National Bank interfered in January. Lot of people lost money, lot of bucket-shop brokers went bankrupt. I don't trade during the London solo session so I wasn't even in the market then. But immediately after that the Greece fiasco took a told on the markets and especially the EURO pairs so I've been "meh" on everything EUR/xxx in 2015. I lost $2,000 trading the range on EUR/USD in February. After I recouped it I quit fukking with EUR/USD. I've made 90% of my 2015 money trading The British Pound and it's probably going to stay that way. NZD/USD is nice and the lower margin requirements are tempting but GBP is my nikka right now.
TBH 'trading currencies' isn't going to be a viable "thing" for most people.
They don't have a profitable system (60:40 at least and even that is meh)
They don't have a mathematical edge with their trading.
They don't know how to read and interpret price action.
They don't know the long-term fundamentals behind their pairs.
They don't know how to read a weekly economics calendar for a given pair.
They trade random pairs that lag behind majors and are suspect to crazy volatile moves.
lot of nikkaz I know win a few trades but because they're not fully dedicated to the world of finances/world economics/banking/trading they don't really have confidence in what they do and over time the market eats them. Trading is an art to me honestly.
Domingo Halliburton
Handmade in USA
I'll bite, lol
I traded with OANDA for years before I found a broker overseas that would accept US citizens as traders. When I was with OANDA (US Broker) I traded with $15-20k in my account. My current broker is in Dominica and the withdrawals take about a day longer to reach my bank accounts because funds leave Dominica, enter the UK and from there come to the US. Honestly never had a problem with OANDA (they even waived my withdrawal fees), but ultimately trading with a US Broker was handicapping my income so I had to research offshore candidates.
Some of my trades earlier this year with OANDA:
EUR/JPY was my favorite pair to trade last year until the Swiss National Bank interfered in January. Lot of people lost money, lot of bucket-shop brokers went bankrupt. I don't trade during the London solo session so I wasn't even in the market then. But immediately after that the Greece fiasco took a told on the markets and especially the EURO pairs so I've been "meh" on everything EUR/xxx in 2015. I lost $2,000 trading the range on EUR/USD in February. After I recouped it I quit fukking with EUR/USD. I've made 90% of my 2015 money trading The British Pound and it's probably going to stay that way. NZD/USD is nice and the lower margin requirements are tempting but GBP is my nikka right now.
TBH 'trading currencies' isn't going to be a viable "thing" for most people.
They don't have a profitable system (60:40 at least and even that is meh)
They don't have a mathematical edge with their trading.
They don't know how to read and interpret price action.
They don't know the long-term fundamentals behind their pairs.
They don't know how to read a weekly economics calendar for a given pair.
They trade random pairs that lag behind majors and are suspect to crazy volatile moves.
lot of nikkaz I know win a few trades but because they're not fully dedicated to the world of finances/world economics/banking/trading they don't really have confidence in what they do and over time the market eats them. Trading is an art to me honestly.
You don't think EUR/USD falls from here? I think its overvalued. I know it was up at $1.15 a few months ago but I see it falling from here.