Posted by: redstone December 20, 2006
Bumper Yield on Wall Street (for some)
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Hukka bro, Forex has very high liquidity. I hate holding on to stocks for a long period of time. The currencies are affected pretty quickly by the economic news. It needs some practice and understanding of the currency pairs, such as GBP/USD. There are more that can be traded. If you've been doing stocks for a while with technical analysis, you should be able to fit in FOREX pretty quickly. Im not saying that you can be profitable the next day you start forex, but visit FX brokers, and get a demo account and get the feel for it. $$ wise, im doing not doing bad at all. Accounts get big, then lose, then big and back and forth. But haven't lost that made me lose my clothes! HAHA. Except for last week, all my trades went to opposite direction, so $600+ loss in last 2 weeks. Only reason, damn US economy looked weak, London was coming strong, but one weakness of London and 2 strongs of US, tumbled the market down. There's always loss in the market, and some gains. But if you control your losses, profits are set up very easily! :) And other thing, you have LOTS that you can buy in. Of course, market is not measured in points, its pips, and 100 pips is 1 point, which is 100 cents difference in currency trade. you can get to .01 to 20 lots. so imagine, 100 pips = 1 point = 20 lots = 20*100 :) its not guaranteed but, more you practice, the better you get.
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