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InvisibleLiquidkick
H2O
Registered: 05/03/02
Posts: 2,635
Currency Trading
    #7962234 - 01/31/08 09:30 PM (16 years, 1 day ago)

Does anyone do it?

It sounds lucrative...


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Invisiblememes
Blessed


Folding@home Statistics
Registered: 01/11/05
Posts: 27,785
Loc: In a Tree
Re: Currency Trading [Re: Liquidkick]
    #7962340 - 01/31/08 09:48 PM (16 years, 1 day ago)

If you know what you're doing, and have a nice base lump of cash to earn profit margins on, then yeah.

I played around with a downloadable application a few years back. It gave you $50,000 to play around with (fake obviously). It's fun to trade the major pairs, but once you get to anything remotely obscure the pip spread gets a lil outrageous.

I know very little on the subject, got a general info book from amazon to learn a little more and decided it wasn't for me.

Would definitely be fun though


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OfflineSmackshadow
It's Time for Wild Speculation


Registered: 09/27/05
Posts: 575
Last seen: 19 days, 14 hours
Re: Currency Trading [Re: memes]
    #7980503 - 02/04/08 10:18 PM (15 years, 11 months ago)

Ya, commodities are fun, but remember that there is a lot of risk. Most if not all contracts are on margin so you can end up loosing everything very quickly. On the flip side of that coin you can leverage your money to the hilt and reap huge gains.


--------------------
The trouble with fighting for human freedom is that one spends most of one's time defending scoundrels. For it is against scoundrels that oppressive laws are first aimed, and oppression must be stopped at the beginning if it is to be stopped at all.
     
~H. L. Mencken~


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