I think I have found my second career - Forex trader?

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  • pornjudge
    So Fucking Banned
    • Jun 2002
    • 2214

    #1

    I think I have found my second career - Forex trader?

    I got allot of material to read on about Forex trading, looks interesting so far. Anyone trading with forex? and how are you doing with it?
  • cafeaulait
    Confirmed User
    • Jun 2002
    • 587

    #2
    Yep, been doing it for a few months now. Everything is so volatile at moment its cool. I haven't got the capital to risk at moment to open a decent brokerage account ($25k +) so I've using a fixed odds betting company to hedge on up/down swings on the dollar vs others. Up about $7k this week (was $8.5k but lost on Eur/$ last night).

    Check out my sig for a link to the site, its a quick way to get started and you can learn the trends before moving on to direct access. You can do indicies also, not just forex.

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    • VideoJ
      Confirmed User
      • Aug 2002
      • 750

      #3
      Been looking at it for a while now, but not trading yet. Most people use technical analysis to guess which way the market is going.
      Somebody stole my damn signture...

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      • pornoshare
        Confirmed User
        • Dec 2003
        • 237

        #4
        My boss was in charge of Forex for standard chartered Asia. From what I know it is probably the most complex financial markets to trade. Obviously doing it from a banks point of view with billion dollar positions and doing it from a personal account are completely different though. He is currently running an investment club which has seen returns of +35% in the last 4 months and he has now left SCB to set up a fund trading US stocks.

        I developed their old website http://www.doctorstocks.com/defaultold.asp (which we have recently closed down to concentrate on the fund) and we had returns of 63% from Jan 1 2003 on 10% max risk. This was obviously using a very concervative approach that people could understand and did not include options cfd's.

        If you want any more info on forex give me a yell and i will ask my boss some specifics.

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