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(New Europe)   Forex trading sounds damn complicated but what if you can copy successful traders...too good to be true   (neurope.eu) divider line 17
    More: Cool, exchange rates, eToro, traders, Investing online, product marketing  
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2152 clicks; posted to Business » on 08 May 2013 at 9:44 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



17 Comments   (+0 »)
   
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2013-05-08 08:06:03 AM
oh great, you can see everything the person does within the system.  That way you know you're not getting taken by some pump and dump scam.

Well, except for all the activity that guy is doing outside their system...
 
2013-05-08 08:17:16 AM
I wish that when I bought a stock it then motivated others to buy the stock too.  That's like growing money.
 
2013-05-08 09:50:00 AM
They already have this "follow the guru" system, it's called MSNBC Money.
If you bet on Jim Cramer's Guru purchases, you would be loosing money heavy.

But, yeah, an online, anonymous, no money down system, where loads of money is involved will surely not fall prey to greed.
 
2013-05-08 09:52:25 AM
Oh the many ways one can reudce the fear of complexity.
 
2013-05-08 10:02:21 AM
FOREX?  I'd rather play Roulette.  They at least give you free drinks.
 
2013-05-08 10:12:25 AM
Do companies still use human traders? I thought all the big profits were made by automatic algorithmic trading programs that make thousands of trades a second.
 
2013-05-08 10:19:58 AM
You know what experienced traders LOVE? Inexperienced traders.

/Lambs to the slaughter.
 
2013-05-08 10:36:46 AM
FOREX? No thanks.  My money is on the Lottery. Better odds, or something.
 
2013-05-08 10:50:15 AM
s3-ec.buzzfed.com
 
2013-05-08 11:19:31 AM
Forex is for n00bs!
 
2013-05-08 12:27:13 PM
I wonder how badly that could fark up international relationships if the valuation of a currency spikes or dives out of control because of overly influential Forex traders.

 Lots of traders moving on independent impulses and needs helps to minimize spikes, although I sorta wish it was mostly needful trading. Unfortunately it's the speculators that ultimately keep the valuations relatively stable throughout the year while business and personal needs to exchange vary.
 
2013-05-08 01:14:40 PM
Got a Forex practice account.  In month two.  Started with 50k.  Got 63k so far.  There's a good site that teaches you how to Forex.  www.babypips.com.  Read it, study it, probably lose your money anyway.  So practice account FIRST!  Make constant, reliable small gains continuously for a year, only then invest with real money.
 
2013-05-08 01:30:05 PM
Human Emotion.  That will sink your battleship quicker than anything, especially when you have some skin in the game.  Regardless of how good your paper account looks....

/Made a staggering 10000 percent gain, paper trading the eMini S&P over 1 year
//Lost $1000 (in a live account) in two short minutes trading the same symbol I had "perfected" in a paper account
///Wise enough, to admit it's not something I am cut out for
 
jvl
2013-05-08 03:36:37 PM
Forex, like commodities trading, is a useful thing to do with your money. Although, if your house is cold, starting a nice cozy fire with it probably a better idea.
 
2013-05-08 04:51:23 PM
There's already a way you can trade the same as somebody else. It's called "investing in a hedge fund".
 
2013-05-08 08:18:41 PM
Before the financial crisis, big banks (GS, Merrill, etc..) had a debt to capital ratio of 3:1 (as was required by a law called the Net Capital Rule)
Bush administration gave them a "special" exemption (because they knew what they were doing) and allowed them to go up to 35:1
Took them only a little over 2 years to get margin called.
Forex
leverage on most accounts is 50:1 in the states.
some accounts go to 100:1

What could possibly go wrong
 
2013-05-08 10:11:00 PM

StopDon'tTouchMeThere: Human Emotion.  That will sink your battleship quicker than anything, especially when you have some skin in the game.  Regardless of how good your paper account looks....

/Made a staggering 10000 percent gain, paper trading the eMini S&P over 1 year
//Lost $1000 (in a live account) in two short minutes trading the same symbol I had "perfected" in a paper account
///Wise enough, to admit it's not something I am cut out for


Billionaires spend millions in fees to hire hedge managers to manage their money 80 hours a week and give them shiattier returns than a simple index fund.  People thinking they can do it themselves part time is cute.

You're better off looking for direct business investments, and making it into a job.  Like the hedge fund manager figured out.

Otherwise, don't bet your life savings on it.  Boring and slow is profitable, and good enough for retirement.
 
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