Currency Trading?

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Originally Posted by Seahawk

This is how industries change: I had a essentially three degrees as an undergraduate: BS in Economics and Finance (really five extra classes in finance for the two'fer) and a BA in International Studies.

I wanted to be an in-country financial, economic and political/social analyst for banks. There used to be such a thing...financial boots on the ground so to speak. One of my best friends in HS and college way older brother was the Middle Eastern Lead for a large bank in NYC. He was the coolest guy I had ever met.

I was supposed to become an intel officer in the Navy then transition to civilian life with some street cred and go do my thing.

Everything changed...the past included.

Anyway.

To the OP. As many have said your friend needs to understand the immense resources and data mining he is up against. The lights dim in Brooklyn when Citibank turns on their computers.

With my background, still current in certain areas, there is no way I'd even approach this. You don't tell him, btw...Give him my email and I will.

This is like betting the late night Fresno State versus University of Sacramento basketball game to "get well".

My slecialty ..oh dam that Blantons..at that University in CA by the Sea and Beach..if my hazy memory serves me well..as it all was a big blur of one beach party after another with all the bikini clad blond haired distractions to side track ya.. I re.member vividly a well charmed hot blond named Molly bending over where she was advertising her charms..she had a dusky voice and wore sterling siver indian jewlery.. International Realations...ehh ...i even took grad work while an undergrad..one of my fellow seminar mates taught at the war college and was a Bishop in the Church of Satan..Last time i saw him he was on Mike Douglas.

One of the guest lecturers in a class on Russian fp (12 students) who was a friend of the prof was Brezinski..right before he became NS advizor to Carter..one rainy morn in nov. Being a Polack.it was completely understandable why he hated Russians with such vehmance.

Now some might be wondering how i got by ...on auto pilot after all i am an idiot savant who is absolutely brilliant.

When i write i write on auto pilot with.some vague notion of what i want to say..then i construct line by line..there is even a concept that I illuminated in The. Adverse Shift that i consciously dont understand but the guyz at the FED seemed to like it..i saw it for a brief shimmering moment as was able to capture it..

[MRM]

Originally Posted by speeder

Almost forgot; making a little money at first is a necessary component to any financial hustle or trap door.

My esteemed colleagues Speeder and Tabs beat me to it.

Zbigniew. What a card. Told the best stories but Couldn’t hold his vodka, even against a bunch of Wisconsin Undergraduates. I guess it goes to show how the original of the species preserved in the new world were stronger than those imitations left behind in the old country. Or else even the Russians and Poles couldn’t drink like they learned do at the University of Wisconsin where Vodka is considered mother’s milk.

Somehow today’s news resurrects memories of old Zbigni. Anyone long on the Afghan Afghani? If so, I have some Czarist bonds to sell you. GameStop anyone?

[pmax]

Originally Posted by MRM

He will eventually lose all his money, probably sooner rather than later. Currency trading is among the most complex trading classes possible. Even most huge multinational corporations who deal with currency from dozens of countries and have to repatriate it don’t hedge currencies and that’s safer than straight up trading. The people who do it professionally have super computers and have access to raw data the amateur investor can’t hope to replicate. If a guy in his basement running charts on his desktop PC can do it, Warren Buffett’s operation might possibly have a few extra resources that give them an edge. Charts are so intuitively powerful but they’re backward looking. They tell you nothing about the future and treating past trading ranges like a crystal ball into the future is a sure fire recipe for disaster.

He’s guessing, not investing. He’ll be right until he’s wrong. Eventually he’ll guess wrong and get wiped out.

Folks and OP, you especially yes you,

Please listen to MRM and pay attention to his (no gender implied) words.

[tabs]

Originally Posted by MRM

My esteemed colleagues Speeder and Tabs beat me to it.

Zbigniew. What a card. Told the best stories but Couldn’t hold his vodka, even against a bunch of Wisconsin Undergraduates. I guess it goes to show how the original of the species preserved in the new world were stronger than those imitations left behind in the old country. Or else even the Russians and Poles couldn’t drink like they learned do at the University of Wisconsin where Vodka is considered mother’s milk.

Somehow today’s news resurrects memories of old Zbigni. Anyone long on the Afghan Afghani? If so, I have some Czarist bonds to sell you. GameStop anyone?

Right after the US pulled of Afghan in the dead of night wtout telling anyone..i gave Kabul 2 months.

The idiots running defense state and intel should be replaced..no common sense. It was a no brainer tocall the fall of Saigon...errrr i mean Kabul.

[Bill Douglas]

Originally Posted by drcoastline

Everything is measured against the US dollar, if the dollar goes down so do these.

Not so.

If it was so, there would be no fluctuating exchange rate. No point in those fellas trading currencies because they would all be the same.

[tabs]

Back in the day of the Arab Spring in Egypt I sent CR an email saying that the Arab Spring was going to under cut Al Qaeda as it gave people a choice.

That evenings CR broadcast was from Cairo in Egypt.When low and behold he asked his guestEgyptian journalist.if the AS would under cut Al Qaeda? The journalist was thoughtful for a momentans answered in the affirmative.

Later BO at the time NS Advisor and later 2nd UN Ambasador at a presser..said tbe AS would undercut Al Qaeda..now she is working in the Biden admin.

For years i thought well that one didnt work out...until the week before last on Amapour an author who interviewed Osama Bin.Laden in 98 and has just wrote a book entitled The Mind Of Bin Laden...having access to the Bin Laden documents captured during his elimination found that Bin.Laden was concerned that Al Qaeda was being made irrevalent by the AS..and was perplexed about what he should do about it when.....

So I wasnt alone in my thinking..

I guess time has born out my "brilliance."

I dont bother with the rif raf i influence the influencers.

[tabs]

Originally Posted by Bill Douglas

Not so.

If it was so, there would be no fluctuating exchange rate. No point in those fellas trading currencies because they would all be the same.

Not so...all currencies fluctuate to keep them in equilibrium to the pervasive USD. It is done to.keep the local economies stable. Everybody holds USD. It touches everything.

[Bill Douglas]

No, if the traders can pick the USD will go down, they will sell at a good price and buy Euros/British pounds instead. When the USD is down but feel there will be a rise, they buy USD's and ride it back up and keep the profit.

[Ferdekalen]

I’ve dabbled in trading before and remember feeling the thrill when I saw those charts and graphs. It’s easy to get caught up in the potential profits. I once had a friend who was super into forex trading, and he was using a lot of leverage, too. He ended up with some big wins, but it was nerve-wracking to see how quickly things could turn south. I decided to look into safer options and found the apex trader funding code, which really helped me manage my risk better while trading.

[Pazuzu]

Originally Posted by Ferdekalen

I’ve dabbled in trading before and remember feeling the thrill when I saw those charts and graphs. It’s easy to get caught up in the potential profits.

I've already hedged MY bet! I bet that Ferde here edits his post in the next 10 days to include a trading software link!

[masraum]

Originally Posted by Pazuzu

I've already hedged MY bet! I bet that Ferde here edits his post in the next 10 days to include a trading software link!

10 days? The SPAMMERs are stepping up their timeline then.