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-   -   does anyone here trade Forex? (https://gfy.com/showthread.php?t=723094)

ry0t 04-11-2007 05:55 AM

does anyone here trade Forex?
 
I am a newbie with Forex. The other day I opened a practice account at forex dot com. $50,000 in play money. About two days ago I bought EUR/USD at 1.33xx and sold today for 1.34xx. A profit of $8900. I emailed and asked if that had been a real deal would I profit $8900 and they said yes. I will research and read all of the information about this. Its currency trading.

Eman - PG 04-11-2007 06:10 AM

How much would you have lost if the EUR went to 1.31?

ry0t 04-11-2007 06:11 AM

I do not know. Most likely a lot.

Humpy Leftnut 04-11-2007 06:14 AM

Quote:

Originally Posted by ry0t (Post 12235458)
I do not know. Most likely a lot.

Ok I'm not a genius or anything, but if your answer to a simple math question is "I do not know" then perhaps high risk financial investing is not for you.

JimiJimi 04-11-2007 06:16 AM

you might want to "play" with options on futures to limit your risk.
good luck

stillsexy 04-11-2007 08:18 AM

dont waste your time. I trade forex, commodities, bonds and equities. Equities are still my best choice! The best reward/risk instrument!


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