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- 82 Results (21 Threads, 61 Replies)
- Gold and Currency Correlations
Does anyone know which currencies are inversely related to Gold. I know the U.S. Dollar is but does ...
- erock replied Dec 24, 2011
Why would one gamble
- erock replied Dec 24, 2011
I don't mean for you to take this the wrong way but how serious? Are you a fund manager or trade a large personal account? I trade on 100k but getting ready to add another 200 to 400k. I'm not being a smart ass there's just a difference in how you ...
- erock replied Dec 22, 2011
May be some day I'll revisit FX, as of now I think futures and equities are better suited for me. If I do trade FX it will be a different strategy and very small.
- erock replied Dec 22, 2011
Take a look at the attachments. You have spot forex on top and futures contracts on the bottom. This is for swiss / usd. They in complete opposite directions, comparison between futures contracts and spot forex. Do you see my point, More volatility, ...
- erock replied Dec 21, 2011
All hedge fund managers are NOT in FX. Currency trading yes, through FX not at all (at least top twenty). Look at their prospectuses. Soros was heavily into currency futures, not FX. He was into everything except FX.
- erock replied Dec 21, 2011
I never called anyone shit. I called the forex markets "shit" You've just got to understand my point. You have a forex market which isn't intended to be a financial instrument. It's a huge liquid currency exchange. It''s like outer space, there's a ...
- erock replied Dec 21, 2011
That's how you make money off of the compounding. You don't make money off of high risk high leveraged trades. I can see where you guys are coming from if you only have $400-$1,500 in an account then forex is really your only bet available.
- erock replied Dec 21, 2011
Forex is not more than currency conversion, that's what it is and what it's designed for. It's HUGE, there is no investor, hedge fund, mutual fund that can impact that market. Hear me out, you want to make money when you trade, right? You're trading ...
- erock replied Dec 20, 2011
Answer this quetion. What is your purpose of trading? Is it to make money or to just have fun. How long do you plan on trading forex 1 year, 2 years or 20 years. The whole purpose is to make money, if not you're just wasting your time. If you only ...
- erock replied Dec 19, 2011
Don't you get my point. RISK IS RISK. You have the risk the 50k to get to the million.
- erock replied Dec 19, 2011
or why not just get a job and trade on the side
- erock replied Dec 19, 2011
Ok so let me get this straight you know people that trade on 50k accounts and generate 20% a month, so that's 240% a year. Alright let's compound this out. 3 years 50k at 240% turns into 2 million 5 years it turns into 22 million and 10 years it ...
- erock replied Dec 19, 2011
So you can consistently make 100% returns a year. If you can I want to give you $100,000 to trade for me. You can make 100% a year returns for 7 years. This will generate roughly 12.8 million dollars.
- erock replied Dec 19, 2011
More power to you, I'm not a genius trader and I'm not bashing forex traders. I'm just saying it's not for me and I didn't lose. I gained a little. Just not my cup of tea. God bless you guys if you are doing it! I'm just saying when someone tells me ...
- erock replied Dec 19, 2011
What are your returns, do you consistently over time make money. Everyone on this site misses my whole point. It's historical. The only way you make money is through compounding interest and limited risk. You guys can make 100% and that's great but ...
- erock replied Dec 19, 2011
You're missing my whole point, you're turning it into gambling. You're scoffing at 30% returns. YOU CAN NOT CONSISTENTLY OVER YEARS OF TRADING BEAT A 30% RETURN ON ANY AMOUNT OF MONEY. DO YOU UNDERSTAND. Let me give you an example you take $1,000 ...
- erock replied Dec 19, 2011
That's on 200% not on 30%. Trade it through an IRA to avoid tax
- erock replied Dec 19, 2011
You've got to be kidding me A 30% return is excellent for any amount of money $100,000 investment compounded at 200% in 5 years turns into $24 million dollars. url I'll give you my money and beg you to trade it for me, if you can do these returns ...
- erock replied Dec 19, 2011
I respect your opinion. I'm just saying there's no money in it. If there were the really smart people on Wall street. The guys that really no what they are doing would be in FX markets. Again get their prospectus, see how their funds are organized ...