don't day trade, make longer term investments. also, consider investing in foreign t-bills instead. foreign t-bills will offer less risk, coupon payments, and still offer currency exposure. beware, recent emerging economies have been seen as detaching themselves from correlation to larger economies. however, with the extremely unstable debt crisis in europe spitting out influential news weekly, things could change quickly in any direction.

It's pretty much gambling unless you make a serious full-time-research profession out of it, and even then...

>>45

Every form of investment can be considered gambling one way or another. Forex is just one of the markets where there are more risks as well as greater rewards.

It is true that there are considerable chances of making incorrect predictions even with extensive studies. But proper knowledge of the aforementioned aspect can and will reduce those risks; and the risks can be reduced even further by putting the stop-loss function to use.

Considering you have a good bit of fund to get you started, you can make longer term investments in lieu of day trading or swing trading. I've heard there is a fortune to be found in shorting EUR/USD long term.

Do you guys have any indicators you stand by? Words through a grapevine? Feel free to post them if you have any.

>>46

I may be able to give some insight after a bit of experience. I will be starting as an Intern at a currency trading firm on monday. Ill let you guys know if i learn anything interesting

>>10
>>61
Stop gaying up the place.

>>46
Research numerous companies in growing industries. Analyze their financial statements to find the safest investments by using these ratios http://cpaclass.com/fsa/ratio-01a.htm Also learn about the CEO ratings, employee and customer satisfaction. Once you have found the best companies in a number of different industries, you can invest diversely, to be both profitable and safe.

So I've been working at an ECN forex broker as an intern for a few weeks now and i've learned quite a bit. If you want to learn some really great basics I would definitely say your best resource will be the "school" at babypips.com

If you have any specific questions, ask. I'm an Accounting and Finance student as well as working the forex internship at night. First tip, this guy >>66 has a 6 year old's understanding of analytical investing/speculating.

>>46

Simple tools seem to work fairly well in my short experience. This may be because many people use them and they become sort of self fulfilling prophecies, or they may have some technical merit. Either way, you can make some money using them.

One great way to learn and to develop a trading strategy is to back test. Looking at historical charts and applying simple use of simple tools like Trend Lines, the Fibonacci tool/ratios, MACD, Moving averages, Momentum, Stochastic Oscillators, etc. Applying these to a specific few currency pairs and learning how the pairs react is a great way to begin.

If you want to get started, the first thing to do is get a demo account and practice with fake money. You can often get limited time free demo accounts from sources like FXCM, and you can start a live account with as little as $50 some times (live accounts come with unlimited demo accounts usually).

This is a safe for work board.

(I'm gonna go ahead and ban you.)

sorry there, guy

>>91

I don't think it says anywhere in the rules that this is a safe for work board. Being the one responsible for this board's original creation and reinstatement and further for its current moderation I don't think whoever the fuck posted that is really in a position to decide if this is a safe for work board or not.

My position is y'all ought to be able to post whatever fucking images you want as long as you're on topic, and I believe my moderation has reflected that. This is an adult board with an adult topic and if you're browsing at work you do so at your own risk.

Now, if the users have a different opinion we can change the rules, but whatever faggot deleted those images and bitched at the poster of them needs to apologize because he stepped over the line.

>>97

Thank you very much Scrooge. I really didn't mean any harm by the pics and was just trying to be silly. I think this is a fantastic board, love this particular topic (forex, and /money/ in general), and will continue to spread my knowledge if applicable.

Also, If I remember correctly, the pics were safe for work (no actual nudity). They were just dudes making out, so here's chicks for a change.