trading currencies

I was thinking about opening an account to trade currencies with about a grand or so just to see what happens.

Does anyone else do this? Any experienced traders here with any tips?

Just curious…

Don’t take any wooden euros.

I’ll keep that in mind. How can you tell if they’re wooden when you’re just trading online?

That’s the problem, Smears. You’re already getting savvy.

What do you mean?

I mean that you have realised that you may or may not be dealing with a reputable firm online. You can’t see their suits, shake their hands, or see their haircuts. How else would you know they are honest?

I don’t trust bankers that I meet in person either. But I’ve still gotta bank. I was just asking if anyone with experience might have any tips for beginners. I saw an ad for one site on TV. That seems pretty reputable I guess…

Yeah, dude. I’m just playin’.

You could get lucky but that is not the norm. You also have to ask yourself if you have an edge. For the individual investor the edge can be technical analysis (but you are dealing in probabilities, so you need to predefine exit points or stop-loss).

It is best to have a fundamental conviction (ie understand what is really going on) and use technical analysis for market timing.

This site should give you some ideas.

http://www.financialsense.com

Pick a reliable broker that is US based and registered with NFA. Plan your trade and trade your plan. Do not succumb to emotional trading (greed). It’s a bad habit that will hurt you in the long run. Before trading real money, you really should try the game/trials they offer.

You might also try insider trading. Get some insider type to fall in love with you or something. Preferably someone who works in some foreign central bank. You might want this to be a female.

Just trying to help.

Do you know anyone?

Is this all because of that Jay-Z music video that I read about in Newsweek?
Flashing Euros and all that…

Beptka Frimgdun - V. P. - Bank of Ekscretistan (a former Soviet Republic). I’ll try to find her email address.

Sweet as pie, and a real looker.

Oh, well, except for that slight moustache/sideburn problem.

Other than that - cute as heck.

Oh - very thick ankles.

Kinda “thick-waisted”, too.

Well, she’s just plain thick.

But I don’t think that’s an actual hairlip.

Could use some dental work.

Well, actually, quite a bit of dental work.

Well, actually, think “Alien”.

Very sweet, though.

Okay, I’m not altogether sure she’s a she.

It’s hard to tell.

Nice, nice, nice, though.

Okay - very hairy.

No one’s perfect.

I think she’s lonely.

Her ankles would seem thinner if she shaved them.

I think she just needs a friend.

Sounds like someone I would rather talk to on a forum. :laughing:

This is why I am not in favor of the ladies here posting their pics. Not because I think they are homely - but because they could never match my imagination.

@Smears,

I wouldn’t bother playing currencies. All currencies are based on fiat money. gold has been rising against all currencies; it is the financial asset par excellence. Gold corrected from is recent highs of 850, and these are probably good levels to step in with a medium to long term view. Silver should accelerate even more rapidly - it has some catching up to do.

http://www.financialsense.com/editorials/phillips/2007/1123.html

http://investmentscore.com/home/learn_more_articles

…unless you can psychically home-in on our posts, and know what we look like: I suggest you shut up, and keep your (wrong) opinions to your self :imp:

Uranium is the best investment - it’ll make you more money than gold, silver, platinum, or white-gold: ounce for ounce!

I’m going to work on that homing-in thing. Mags, don’t be offended because you can’t match faust’s imagination. It might not be possible, even if you looked like ‘Tara Reid.’ :sunglasses:

EDIT : Ok, Ok. Even if you looked like ‘yourself’.

:-k if you all think so: then so be it :imp:

I look nothing like Tara Reid - I look like myself, and attract the hottest males in London town :wink:

…never judge a female by their posts!