dguy
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« posted : May 26, 2007, 06:08:22 PM » |
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The forex market is continously booming lately, however as sweet as it is, its the easiest way to loose your money, any forex grur around ....i really want to know more about it.
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please do not distract and keep discussions along line of topic - make proper use of capitalization - if you cant find your topic; look in the trash bin -
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vixenx
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« posted : September 06, 2007, 05:00:27 AM » |
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oh no..I have Ameri Trade, is that kinda the same thing??  |
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Drugs are bad; however, i've been FDA approved!!
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democrazy
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« posted : September 06, 2007, 10:16:25 AM » |
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Dguy, what will you like to know.
Forex, CFDs, Futures or Options and equities.
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dguy
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« posted : September 06, 2007, 11:55:48 AM » |
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everything, forex in particular....
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please do not distract and keep discussions along line of topic - make proper use of capitalization - if you cant find your topic; look in the trash bin -
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democrazy
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« posted : September 07, 2007, 02:10:10 AM » |
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Forex,
Foreign exchange trading.
You are gambling with the world currencies.
the amount of money you really need in physical cash to buy and sell currencies will be in millions, so the devil, sorry I meant the bankers, have invented a way where you can gamble on the .001th movement of the currencies and convert that 0.001 movement into a vaue i.e $10. The 0.001 movement is called 1 pip.
So
If
£1 = $2.034
you trade, selling pound against dollar (GBR-USD) in the hope that the dollar will appreciate in value.
If when you close your trade
the rates are,
£1 = $1.996
then there is a difference of 38 pips.
Because the dollar has gained in value, you have made a profit of $380.
this trade could occur within 1 minute or 1 hour. the trading is 24 hours.
Note: this is a lame man's digest.
there are some tools you need.
forex involves a lot of money. so you will have the big money man. Meaning you the little guy will need a brokerage account to trade and you will need a minimum opening balance.....say $3000.
You will need to have stop loses as -300 pips will erase all your money and -500 pips will mean you now owe them money.
they are not silly, and have in place their own stop loses for you. this can get you into some trouble if you are not a very lucky person.
my view on this.................
To eat with the devil you need a very long spoon.
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dguy
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« posted : September 08, 2007, 12:19:23 AM » |
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Forex,
Foreign exchange trading.
You are gambling with the world currencies.
the amount of money you really need in physical cash to buy and sell currencies will be in millions, so the devil, sorry I meant the bankers, have invented a way where you can gamble on the .001th movement of the currencies and convert that 0.001 movement into a vaue i.e $10. The 0.001 movement is called 1 pip.
So
If
£1 = $2.034
you trade, selling pound against dollar (GBR-USD) in the hope that the dollar will appreciate in value.
If when you close your trade
the rates are,
£1 = $1.996
then there is a difference of 38 pips.
Because the dollar has gained in value, you have made a profit of $380.
this trade could occur within 1 minute or 1 hour. the trading is 24 hours.
Note: this is a lame man's digest.
there are some tools you need.
forex involves a lot of money. so you will have the big money man. Meaning you the little guy will need a brokerage account to trade and you will need a minimum opening balance.....say $3000.
You will need to have stop loses as -300 pips will erase all your money and -500 pips will mean you now owe them money.
they are not silly, and have in place their own stop loses for you. this can get you into some trouble if you are not a very lucky person.
my view on this.................
To eat with the devil you need a very long spoon.
thnx for d lecture |
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please do not distract and keep discussions along line of topic - make proper use of capitalization - if you cant find your topic; look in the trash bin -
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dguy
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« posted : October 11, 2007, 12:11:14 AM » |
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thnx..............so much |
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please do not distract and keep discussions along line of topic - make proper use of capitalization - if you cant find your topic; look in the trash bin -
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onchedu
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« posted : November 23, 2007, 12:39:42 PM » |
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You're right dguy, the FX market is volatile, but there are relatively stable currencies and systems you could work on and with to reap good profits at low risks. I'd advice you to pursue your interest. I trade forex. have made profits and losses. I've not quit and I wont unless... Call me. We can make an arrangement to help you up. Cheers, Onche. 08035972003, onchedu@yahoo.com |
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myragonza
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« posted : November 26, 2007, 04:44:30 AM » |
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what is the market price of Village Grass Cutters.......someone is cheating the UFO now....
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when there is booty...there has got to be Myra G.....  |
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vixenx
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« posted : November 26, 2007, 02:28:48 PM » |
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what is the market price of Village Grass Cutters.......someone is cheating the UFO now....
Someone gotta notify ET of this cheating going on.... |
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Drugs are bad; however, i've been FDA approved!!
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myragonza
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« posted : November 29, 2007, 11:23:12 AM » |
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hhhhmmmmm.....let me try contacting him....
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when there is booty...there has got to be Myra G..... |
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dguy
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Posts: 2508
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« posted : December 08, 2007, 08:44:18 PM » |
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demo.....do you trade?..... whats the best platform.....
have you heard of fxrobot?
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please do not distract and keep discussions along line of topic - make proper use of capitalization - if you cant find your topic; look in the trash bin -
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vixenx
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« posted : December 19, 2007, 04:31:02 PM » |
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:  : : : : : : : : : : : : : : : : : : : : : : |
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Drugs are bad; however, i've been FDA approved!!
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teewhydot
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« posted : December 28, 2007, 09:19:08 PM » |
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its cool doing forex  |
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