Anyone interested in currency trading?

[DREK]

U guys interested in currency trading? It really gives a large R.O.I (in $$) and it's way better than stocks. For more information, just post your e-mail address here. Trust me, this is legit.:)

[aticus]

Originally posted by DREK
U guys interested in currency trading? It really gives a large R.O.I (in $$) and it's way better than stocks. For more information, just post your e-mail address here. Trust me, this is legit.:)

Well, DREK, if it's all legit anyway, why not post all the details here so you reach more people? :) I'm sure most of the people in this forum would love to hear your proposal.

[KuyaDanny]

I agree. If we discuss it here, DREK will only need to answer questions once for everybody.

[NoisyCricket]

hey DREK! You still in currency trading?

[Spyfrat]

im not against any form of investments, be it speculative or what. what im against is that ur misleading the public how "fruitfool" this currency trading bs.

emotions i like :)

[zimdude]

so how much does it really earn, as opposed to how much is it proclaimed to earn? :)

[dekster]

DREK - Are you with that Kendeigh company?

[pale_pilsen]

i work for a currency trading firm here in NY. for those of you interested in it:

1) highly speculative (what isn't, unless you're buying govies)

2) high risk/reward - very risky because of the leverage used, and the amount you lose/profit depends on your leverage. some firms use 5:1, 10:1, 25:1, 50:1, 100:1, 200:1. we actually use 100:1 leverage. the highest ive seen on the Street is 200:1

ex: 100:1 - $1,000 actually gives you $100,000 in buying power

some advice - use FX as a third, fourth, or fifth investment tool. i.e. if youre heavily invested in equities, fixed-income, futures, options, etc. and you want to try something else and have general investing experience (and the risk captial to boot), give it a shot. if youve never invested in anything in your life or never placed your money elsewhere other than a bank savings account, you should probably find something else.

also: in the very near future, we (fx brokers) will need to get a Series 3 license from the CFTC (Commodity Futures Trading Comission). right now, the spot market is unregulated, but that will change soon. there's too much crap going on here kasi (ever heard of Evergreen?)

[Spyfrat]

thanks. :)

[monpabi]

hey peps, anyone here heard of kendeigh? is it a stable and legitimate company?

[Hulk]

Originally posted by pale_pilsen
i work for a currency trading firm here in NY. for those of you interested in it:

1) highly speculative (what isn't, unless you're buying govies)

2) high risk/reward - very risky because of the leverage used, and the amount you lose/profit depends on your leverage. some firms use 5:1, 10:1, 25:1, 50:1, 100:1, 200:1. we actually use 100:1 leverage. the highest ive seen on the Street is 200:1

ex: 100:1 - $1,000 actually gives you $100,000 in buying power

some advice - use FX as a third, fourth, or fifth investment tool. i.e. if youre heavily invested in equities, fixed-income, futures, options, etc. and you want to try something else and have general investing experience (and the risk captial to boot), give it a shot. if youve never invested in anything in your life or never placed your money elsewhere other than a bank savings account, you should probably find something else.

also: in the very near future, we (fx brokers) will need to get a Series 3 license from the CFTC (Commodity Futures Trading Comission). right now, the spot market is unregulated, but that will change soon. there's too much crap going on here kasi (ever heard of Evergreen?)

Finally somebody from the fx industry clearly explaining the risks of the trade. *okay*


:frank: