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#1
12-07-2007, 12:34 PM
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Currency Trading
Share your experiences
how long you doing it or did it for? How did it work our What systems/software did you use?
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D A N G E R
Russian Tourist I invested my post count in the stock market. Much good it did me. 
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#2
12-07-2007, 12:41 PM
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I trade stocks not currency, but the currency trading is becoming extremely popular. If you are going to trade currency use forex.com!
-Sean
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2003 OB 5AT G35 coupe -|- Apexi S-AFC II -|-Injen CAI -|- Motordyne 5/16" Spacer -|- Stillen Dual Cat-Back -|- Stillen Engine Damper -|- Tein CS coilovers -|- Tein EDFC -|- 19" Volk TE37 -|- 1/4 mile = 13.86 at 100.4 (no damper or suspension) -|-
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#3
12-07-2007, 12:46 PM
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Buy the US dollar, but not until the end of the month. The fed is going to most likely cut the rate another 25 basis points so the dollar is going to weaken even more ...
-Sean
__________________
2003 OB 5AT G35 coupe -|- Apexi S-AFC II -|-Injen CAI -|- Motordyne 5/16" Spacer -|- Stillen Dual Cat-Back -|- Stillen Engine Damper -|- Tein CS coilovers -|- Tein EDFC -|- 19" Volk TE37 -|- 1/4 mile = 13.86 at 100.4 (no damper or suspension) -|-
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#4
12-07-2007, 03:59 PM
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well my bro did some currency exchange with 4X
and the beautiful thing about it that he was able to sell currency while it was High and they buy it when it was low. how much income are you generating in stocks if not a secret?
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D A N G E R
Russian Tourist I invested my post count in the stock market. Much good it did me.
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#5
12-07-2007, 04:00 PM
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Quote:
edit: we've been investing for 9 years now.
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The strongest argument against democracy is a 5 minute conversation with your average voter. - Winston Churchill Last edited by jaspergtr : 12-07-2007 at 04:18 PM.
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#6
12-07-2007, 07:37 PM
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Nismo G
Where do you trade stocks what are you using what do you think is better......more profitable and less risky.....stocks or currency.
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D A N G E R
Russian Tourist I invested my post count in the stock market. Much good it did me.
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#7
12-07-2007, 08:08 PM
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i wanna get into investing too.. but i have no clue about it. Any tips on how to get started?
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This wouldn't happen if Satan was in charge.
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#8
12-07-2007, 10:57 PM
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To answer your questions...i trade stocks at my house using scottrade
 As for which one do i think is less risky...I have never traded currency before so i couldn't really tell you which one is more risky. I would assume that both are going to be just as risky, but since currencies fluctuate so little everyday i would assume you need a lot of money to make a lot of money. To trade currency you are going to have to be more "politically" involved as currency is going to change based on the macro perspective of an economy. Where as stocks are going to be micro in my opinion, stocks you need to be up with the financials and press of individual companies and or firms. Here you go - i don't feel like typing it all out again, but this should answer some questions. The main thread really isnt that on topic, but my individual post that i took out should help you out. This is the main thread 100 K without college.how do we do this These are some of my responses. http://g35driver.com/forums/showpost...4&postcount=95 http://g35driver.com/forums/showpost...8&postcount=96 http://g35driver.com/forums/showpost...&postcount=102 http://g35driver.com/forums/showpost...&postcount=117 -Sean
__________________
2003 OB 5AT G35 coupe -|- Apexi S-AFC II -|-Injen CAI -|- Motordyne 5/16" Spacer -|- Stillen Dual Cat-Back -|- Stillen Engine Damper -|- Tein CS coilovers -|- Tein EDFC -|- 19" Volk TE37 -|- 1/4 mile = 13.86 at 100.4 (no damper or suspension) -|-
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#9
12-07-2007, 11:02 PM
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Gold went bat sh!t for a while, its finally down a little bit, but my god! I wish i would have dumped some money into that about a year ago! Gold went from like 625 to almost 825 in a year! Would have been a nice return. -Sean
__________________
2003 OB 5AT G35 coupe -|- Apexi S-AFC II -|-Injen CAI -|- Motordyne 5/16" Spacer -|- Stillen Dual Cat-Back -|- Stillen Engine Damper -|- Tein CS coilovers -|- Tein EDFC -|- 19" Volk TE37 -|- 1/4 mile = 13.86 at 100.4 (no damper or suspension) -|-
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#10
12-07-2007, 11:06 PM
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Sean You are nuts, sell the Dollar buy Euro. The Fed will have to cut at least at least 75 basis points more. I bet Euro will hit 1.6000 in a few months and it will stay there for a while. It took a few years for the Euro to recover from the low of 50 cents to the dollar back 6 years ago.
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#11
12-07-2007, 11:15 PM
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Joker I did trade currency for a year and I will tell you that if you live in California then you will not have a life anymore. Most of the Action starts when Asia and Europe trade merge around Midnite California time. and Pick ups more later when London and NY merge. So the hours are very hard, that's why most professional currency traders avg. age is under 40 ( those that work on investment banks as arbitragers ) Also remember that FX trading is mostly margin trading in most cases 100 : 1 with min account of 10,000. so each contract will be 100K and because of the margin requirements it will be hard for someone with only 10K to open more than 2 contracts and leave them open overnite. This is a very lucrative trade if you are discipline and have a lots of time at nite, I don't know where the other poster got 5 to 15 % but that is what some traders do per week. Remember tho. as lucrative there are HUGE risks, I saw a couple of people lose 100K in a few weeks. If you get the direction right you can make 1000 per contract a nite. but you can lose more than that if you get it wrong. Also, the most important thing. Paper trading you do is nothing compared to the real thing. I have seen people get cocky and lose their pants later. you need to be very discipline once you open a contract and don't lose your cool.
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#12
12-07-2007, 11:21 PM
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No way the fed is cutting 75 basis points haha if they do im moving out of the country. I see 50 max! Most likely it is going to be 25 basis points. The blw released today that there was a 94000 increase in payroll this month (november) and that unemployment still at 4.7% Which means the economy is holding its own considering the house and financial market. Economists were expecting unemployment to hit 4.8% and only an increase of 70000 jobs. Sooo i doubt that bernanke will cut 50 basis points, but it is slightly possible. If he doesn't cut it 50 basis points then investors are going to be all about "recession this and recession that"...we will see next week is going to be a huge week. Probably going to determine the next 2 months on the market. I was referring to the US dollar if you are in another country! The dollar is going to come back sometime or another. After the rate cut it will be worth less, but still a good opportunity to get in when it is still low. -Sean
__________________
2003 OB 5AT G35 coupe -|- Apexi S-AFC II -|-Injen CAI -|- Motordyne 5/16" Spacer -|- Stillen Dual Cat-Back -|- Stillen Engine Damper -|- Tein CS coilovers -|- Tein EDFC -|- 19" Volk TE37 -|- 1/4 mile = 13.86 at 100.4 (no damper or suspension) -|-
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#13
12-07-2007, 11:33 PM
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[quote=Nismo G]No way the fed is cutting 75 basis points haha if they do im moving out of the country. I see 50 max! Most likely it is going to be 25 basis points.
Sean I didn't mean 75 basis points next wed. but as a whole till next year and that's the min. I think the fed will cut even more, based on todays numbers we would think the Fed would cut 25 basis points but with the deal to freeze the subprime loans I think they will cut 50 basis points. About the Dollar, yes it will come back but it took the Euro a few years to recover from the 50 cent to the dollar. And I think for investment is a bad Idea to buy dollars now, that's what I meant. 
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#14
12-08-2007, 09:02 AM
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+1 Joker, unless you know what you're doing stay away. If you have significant investment knowledge, risk tolerance, time and assets you can afford to lose it may be an opportunity something worth looking into. For every person making money there someone is losing money.
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#15
12-08-2007, 01:49 PM
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haha, gotcha! I was going to say...75 basis points next week...no way! Yeah, buying the dollar right now would be a bad idea, but to buy in the next couple months probably wouldn't be a bad idea at all. The freeze that they are talking about – it is just a huge mess in my opinion. It's not a freeze on all sub prime mortgages...it only applies to some. There are just to many loop holes and other points that just don't make much sense. The one guy on this forum i think he is a mortgage specialist maybe he could chime in on exactly what criteria this freeze applies to. I'm pretty sure those that can afford the interest rate increase will not qualify for a freeze and will have to continue paying a higher interest rate until they can no longer afford it. If you have refinanced in the last 2 months (?) you cannot qualify as well...i think this freeze might do more harm than good, but who knows... It is also going to cause an impact on people who have bonds in that area i think they are called home-loan bonds (correct me if im wrong). This is going to cause them to probably lose money from interest payments to the bond holders...so basically all bond holders in that area are going to have to revalue their holdings. -Sean
__________________
2003 OB 5AT G35 coupe -|- Apexi S-AFC II -|-Injen CAI -|- Motordyne 5/16" Spacer -|- Stillen Dual Cat-Back -|- Stillen Engine Damper -|- Tein CS coilovers -|- Tein EDFC -|- 19" Volk TE37 -|- 1/4 mile = 13.86 at 100.4 (no damper or suspension) -|- Last edited by Nismo G : 12-08-2007 at 01:56 PM.
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