anyone into FOREX ?

one

How you do find volume and volatility (good for day trading) as compare to securities?

i dont have the time but last time i checked stocks they were going no where and volatility seemed low, imo.

I tend to look out for currencies that drop in value, for example the US dollar, and if you can afford to buy it and sit on it, and if it benefits you to buy at the lower rate and sell a year later, or two, then you can make substantial gains, there are also short term gains you can make, but hard to predict unless you have inside info. In all honesty I think there are far better ways to invest money, currency is volatile, espcially in todays climate, with wars, the dollar being weak, the US wanting China to revalue, etc etc. The dollar just rose to a 3 month high a few days ago, that was exciting for me, LOL, luckily I had managed to get rid of some Euros which I would have made quite a loss on since the dollar gained so much against it. Foreign currency values don't really matter much if you live in one country and bank in one currency and don't do business overseas, but if you do, currency value is everything, that is what makes the world go round.

So, no I don't trade in forex, I wouldn't say I am even into it, but because of business and life I need to keep up on what is doing what, so many times a day I use forexnews.com and oanda.com, Oanda being the best Forex site out there with so much historic Forex info, it's a great tool, forexnews is a good site to get the daily low downs on how the majors are trading and why.

one

dh,

In all honesty I think there are far better ways to invest money, currency is volatile, espcially in todays climate, with wars, the dollar being weak, the US wanting China to revalue, etc etc.

The moneyis in day-trading, for those who have what it takes, not money, but the discipline and personality. Been there done that.

Now just thinking about getting back to it, it is easy living. Never traded forex but so far seems even better because of the volume, hours of operation etc, btw volatily is great for day trading.

I would never seat on any currency or even stocks, unless it is a real good one for the long haul, such as GE.

I have been "inactive" for personal reasons but i cant think of anything as profitable and so easy, having 'temperament' is the key.

Simon

hmmnn, dunno ....

I tried a trial and did ok with it but from reading up on things currency trading seems to be one of those things where you can make a lot of money ... or loose a lot, real fast. All of it in fact.

Maybe if I was single and younger but family and responsibility tend to limit your capacity for risk exposure.

Simon

Another thing worth looking into if you want more volativity is traded options - trade the right to buy or sell stocks at specific prices (or betting on the movement). It's like amplifying the percentage movement of stocks so when a big blue-chip moves 2% the traqded options may move 20% or more.

onacruse

I know nothing about FOREX, except to respond to:

currency trading seems to be one of those things where you can make a lot of money ... or loose a lot, real fast.

Except for the US dollar! It's dropped like 30% against the Euro, and if GW keeps gutting the budget the way he's been doing for the last 4 years...well, let's just say that if I had a spare $1,000 or two, I'd be buying Euro options.

one

Simon,

or loose a lot, real fast.

not if you really learn to "ride" the game/train.

All you need to do is stablish how much you are willing to "loose" in the case things start going downhill.

you "program" they 'train' to automatically open a door and kick you out once it is going downhill, before it is too late, you decide the exit point.

Regaridng forex you can play 24 hours 5 1/2 days a week... but you Brits are the boss (and 12 hours older too), you are right in the middle controlling the timing, Greenwich (sp?) time rules

one

Simon,

if you want more volativity is traded options

i respect opitons, they more technically complex to trade, too many things can go wrong fundamentaly, the reason for the high volatility.

Major known currencies imo, do not change value so drastically.

options trading is something else, you really have to master the game real good.

a volatitly example that can leave you crying could be if you invest in MSFT and then Bill and company make a major mistake when releasing and much waited new product lets say .NET (not the best example) you never know.

Again knowledge is power if you know what's coming... and can master stock technical analysis you have an avantage.

one

simon one more thing regarding stocks, in case you forgot, Microsoft, GE and CISCO are the biggest companois in the stock market. I am sure the first two are part of the prestigious 30 blue-chip.co (dow Jones, DJiA), therefore considered 'pilars' of the economic system, dont be afraid.

barry

Trading on the forex is trading with leverige if you buy 10 contracts for 15 thousand Australian dollars you will get one million dollars to trade so a movement of only 1 cent in youre favour would be ten thousand dollars. A movement against you would be the reverse by the same amount and the bank will be on to you immediately to top up youre account.

anyone into FOREX ?

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