Some supplyment to my view point--Forex market is a casinos.
March 2, 2007 8:37am CST
In mylot, I can't edit my post after submitting. So I have to say some words in another post. Actually, a few guys really make success in forex market after a long distance of studying. I think their success not from the technical analysis books we can easily buy. They will not disclose the real secret of success. Maybe one way is to use the "errors of market" to make money. That means, when something happened, everyone will act in the same direction crazily. Here no false break through Successful traders may use this chance to get rich. In normal life, there exist too many scams and false breakthrough, too many stops are touched, maybe your account has no a cent left befor a real trend comes. Even in casinos, I know some mathsmatics researchers made success. For example, the commander of Japanese united fleet (attacting pearl port,shang ben wu shi liu) in second world war once developed a method, which can sure win in casinos. At last every casinos didn't let him in. Some guys in Prinston Univ. also knew about it but they didn't reveal it.
2 Mar 07
From forex trading, I slowly become realizing Warren Buffet's way is right. Value investment in stock may be the correct stuff. High leverage may be attractive and boil people's blood, but sometimes seems not to be good to people even if it is correctly used. Pure speculation may make people uncomfortable. Buying a good stock at low price and grasping it firmly in a long time may bring smaller pressure. Anyway, this is my personal view point. I heard many failures in high leverage investment, incluing 2005's London copper future and previous famous crude oil future accident in Singapore.
2 Mar 07
about gambeling when you use the word gambeling you mean invest to earn money wich makes two options win/lose. if that so, everything you do gambeling, when you open a store you invest money to earn the money back after some time and after that earn a profit, i think to open a store its more risky then gambel in sports booking cuz you can have all the knowlage in the world you can own all the best marketing statigics in the world but something geting wrong and you losing also every job you work in is a gambel, but you dont invest money you invest time wich can be call money like: 10$ per houer, so lets say that you work in car sales you invest 1 year and earn 20,000$, but if you was a computer saler so you chould earn 24,000$ per year, in both of these setuation you are profitable in low risk actuly your risk is changeing his rate from job to job someone will offer you 8$ per houer and other 12$. same thing in forex tradeing, all the week you earn 100 points but in the next week you earn 50 points so you still profitable but the question is how many pips you earn 50 or 100 in the end of the week (i talk about good traders with knowlage)