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Forex not for me
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Manikamaniho
Senior |
10-Jan-2008 17:31
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Nope... I am a trader... |
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mike8057d
Veteran |
10-Jan-2008 17:19
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Manikamaniho..are you a teacher? |
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Manikamaniho
Senior |
10-Jan-2008 17:06
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Like I said before, the most lucrative (ie. able to make money) activity is teaching others how to make money, but not in trading forex or other speculative markets. Thus if one wants to make good money, one must do this... This is capitalising on the demand of such knowledge arising from the greed of people... 
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mike8057d
Veteran |
10-Jan-2008 16:38
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Is it time to buy US$? If Democrat win the election, US$ will go up from the low now. |
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singaporegal
Supreme |
10-Jan-2008 09:06
Yells: "Female TA nut" |
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I don't know much about Forex trading but my impression is that to trade forex effectively, you need a good knowledge of the economics of the countries involved. Many factors are at play - politics, economics, environment, disasters.... I'm not sure if TA can be applied here. Cashiertan - any inputs from you? You are the Forex expert here. |
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178investors
Veteran |
10-Jan-2008 00:47
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My banker friend told me less than 5% of forex traders made money. I left forex many years ago.... too stressful, return do not commensurate with effort and time spent. Wonder how many of you SJ forumers who trade forex are among the lucky 5%. Please share your successes. What's your success rate: win/loss ratios, etc... |
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178investors
Veteran |
09-Jan-2008 00:25
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I had played forex many donkey years ago and had never gone back again. The returns were too little to justify the time and effort expended. Operationally, Forex has its usefulness if you have hedging needs or a different currency need.. For investment purposes, the stock market still trump forex most of the time. Why? Forex is a zero-sum game. In every forex transaction, someone gains at someone expense. Most small retail forex players when they played long enough would realize they're more likely in the losing half of the equation. Contrary, the stock market is not a zero sum game. In a bubbling market, everyone is a winner. When the market crash, it is last greatest fool(s) who hold the overvalued stocks bearing the consequences. Overall, retail players experience less stress playing stocks compared to forex. Also, how many rich people become rich playing forex. I can only think of George Sorous. How many rich people in Singapore you know of have become rich because of their forex skills? Contrary, there are many rich people in Singapore who owned stocks. Just my opinion. |
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