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Forex Guru's

Posted on 9/4/13 at 9:57 am
Posted by HamCandy
Team Meat
Member since Dec 2008
890 posts
Posted on 9/4/13 at 9:57 am
Anyone on the MB dabble in the Forex Market?

I have been doing my research and am interested in it, wanted to get the MB take on it.

Posted by LSURussian
Member since Feb 2005
126962 posts
Posted on 9/4/13 at 10:19 am to
I've decided if I ever win the Powerball lottery I'm going to put it all into playing the FOREX market until I run out of money......
Posted by Broke
AKA Buttercup
Member since Sep 2006
65044 posts
Posted on 9/4/13 at 10:22 am to
quote:

I've decided if I ever win the Powerball lottery I'm going to put it all into playing the FOREX market until I run out of money...


Me too. Shouldn't take long but damn it will be fun.
Posted by BennyAndTheInkJets
Middle of a layover
Member since Nov 2010
5600 posts
Posted on 9/4/13 at 10:37 am to
What markets are you interested in? Are you willing to lose a lot of sleep? What do you want to know?

My roommate is a trader in the Asian and "kiwi" markets (Aussie, NZ, etc.) and I have a lot of friends that trade FX as well. I also deal with it but more in terms of account exposure hedging.
Posted by Broke
AKA Buttercup
Member since Sep 2006
65044 posts
Posted on 9/4/13 at 10:59 am to
quote:

BennyAndTheInkJets


Will you hire me? I'm willing to relocate.


And leave my wife if that matters.
Posted by BennyAndTheInkJets
Middle of a layover
Member since Nov 2010
5600 posts
Posted on 9/4/13 at 2:40 pm to
You're going to have to fight THF for that.
quote:

And leave my wife if that matters.

That's the spirit.
Posted by Cmlsu5618
Destin, FL
Member since Sep 2010
3763 posts
Posted on 9/4/13 at 8:46 pm to


If you have seen it...
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 9/4/13 at 9:24 pm to
quote:

Anyone on the MB dabble in the Forex Market?


If you work for a big bank or fund that's about the only way I'd touch it.
Posted by LSU0358
Member since Jan 2005
7918 posts
Posted on 9/4/13 at 10:08 pm to
I trade it some.

Where most people screw themselves is too much leverage. Just because 200:1 is allowed doesn't mean it should be done.

Also, the main currencies ( usd, EUR, CHF, JPY, AUD, CAD, GBP, etc) have futures contracts that can be traded instead of using FX.

It can be traded like anything else, the key is risk management.
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