are there any forex traders here ?

[Kraeoss]

wanna get some advice on forex trading from actual traders... is it worth it ? how fast can you make money ? etc... planning on trying this soon

 

[Dear Summer]

yup

I make about a billion dollars a minute

 

[Crusty]

If you think trading is equatable to making money you are in the wrong mindset.

 

[HardcoreRobot]

u give me just 1 dollar, ill give you 9 dimes. u just made 8 monies.

CANNOT LOSE

 

[JS80]

Originally posted by: Kraeoss
wanna get some advice on forex trading from actual traders... is it worth it ? how fast can you make money ? etc... planning on trying this soon

leverage and volatility will kill you. and you are trading against professionals and phds and quants it's a recipe for disaster.

 

[nickbits]

you will lose money

 

[venkman]

Let me ask you a question, if making money was easy as paying for the forex "system",

why doesn't EVERYONE do it?

In this day and age of the internet, do you really think you have some super special money making secret that no one else knows?

All Forex does is separate the uneducated from their money.

 

[Miramonti]

Originally posted by: venkman
Let me ask you a question, if making money was easy as paying for the forex "system",

why doesn't EVERYONE do it?

In this day and age of the internet, do you really think you have some super special money making secret that no one else knows?

All Forex does is separate the uneducated from their money.

That's fairly useless advice and is a great philosophy in avoiding all risks in life. (even if the end result is probably true for most. )


I've briefly traded forex. I don't like it because the volatility can be low and it takes a lot of leverage to profit, and then suddenly the volatility can explode when you're over-leveraged for a high volatility situation. Arbitrage activity is extremely high so that works against the individuals, and there are limited amounts of active pairs. I'd rather trade stocks where I can focus on whatever is volatile on any given day, and there is always plenty going on somewhere in the stock market.

 

[JS80]

Originally posted by: jjsole

Originally posted by: venkman
Let me ask you a question, if making money was easy as paying for the forex "system",

why doesn't EVERYONE do it?

In this day and age of the internet, do you really think you have some super special money making secret that no one else knows?

All Forex does is separate the uneducated from their money.

That's fairly useless advice and is a great philosophy in avoiding all risks in life. (even if the end result is probably true for most. )


I've briefly traded forex. I don't like it because the volatility can be low and it takes a lot of leverage to profit, and then suddenly the volatility can explode when you're over-leveraged for a high volatility situation. Arbitrage activity is extremely high so that works against the individuals, and there are limited amounts of active pairs. I'd rather trade stocks where I can focus on whatever is volatile on any given day, and there is always plenty going on somewhere in the stock market.

This is a great explanation of why 100% of amateur traders go broke trading forex.

 

[mrkun]

Efficient Market Hypothesis

 

[Zim Hosein]

Originally posted by: HardcoreRobot
u give me just 1 dollar, ill give you 9 dimes. u just made 8 monies.

CANNOT LOSE

Where do I send my check HardcoreRobot!

 

[venkman]

Originally posted by: mrkun
Efficient Market Hypothesis

Warren Buffet pretty much thinks this is bunk, and considering his success, I'm inclined to agree.

 

[Miramonti]

Originally posted by: mrkun
Efficient Market Hypothesis

This theory is for the cerebrally challenged. Buying begets buyers, selling begets sellers, opportunities form. The efficient market hypothesis lacks consideration of real world conditions, thus is dellusional.

 

[mrkun]

Originally posted by: jjsole

Originally posted by: mrkun
Efficient Market Hypothesis

This theory is for the cerebrally challenged. Buying begets buyers, selling begets sellers, opportunities form. The efficient market hypothesis lacks consideration of real world conditions, thus is dellusional.

People seem to be arguing against the stronger forms of the EMH.

The weak form of the EMH basically states that there are no systematic arbitrage opportunities using publicly available information. Both CAPM and APT assume this to be the case. This is compatible with excess returns from fundamental analysis (what Buffet participates in). Also, Buffet has access to investments not available to the general public or even major individual/institutional investors, and thus isn't a market participant in some respects.