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PCA

Member Since 2004-07-26
Offline Last Active Today, 11:26

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In Topic: Currency Trading Question

2012-04-14 19:59:45

pistachios, on 2012-04-14 19:26:21, said:

somchaimaidai, on 2012-04-14 07:34:07, said:

pistachios, on 2012-04-14 04:59:12, said:

somchaimaidai, on 2012-04-13 20:59:53, said:

Currency trading is something I started learning earlier last year and ventured into live trading about 6 months ago. Essentially its not really fun so to speak and I look on it as a means to diversify my investments and it has certainly proven worthwhile to me although I have not got closee to quitting my day job.
As you correctly pointed out you are new to this so I would say that you need to 1) keep your expectations/ goals real (for me 5% per month) 2) Look on solid and helpful websites for unbiased underpinning knowledge (I used babypips) 3) Once you have this underpinning knowledge you will be in a much better position to really target your questioning and also further your reading.

I know you may think my answer does not directly answer your question but believe me you need to get a foundation first and then ask your questions on a targetted forum.

I would not follow the advice of someone who thinks a 5% return per month is a realistic expectation.

Well thanks for your valid input Dick, have you any knowledge on the subject or just another barstool fool. I inlike you was trying to give the OP an on topic response. 5% is indeed realistic, although sound risk management with a trading plan is necessary. So now back to your barstool.

I don't need to be an expert on the matter to know that a 5% per month return on any kind of financial trading is utopic.
Especially with amateur currency trading, which is basically a scam made up by brokers targetting naive and greedy individuals.
95% lose money, the rest are basically the lucky ones.
The "gurus" claiming such returns in your forums are either lying attention whores or people who want to sell their magic strategies for a hefty price.

right is that the industry is completely rigged, also right is that you have no real idea about it (not an expert). Wrong is that 5% a month is utopic. Insulting is to call me a lying attention whore (mods??). People who want to sell strategies for a hefty price are countless, they are not traders but sales people (mostly crooks as you smelled correctly) who don't have the guts to execute it by themselves or do not trust enough into their own systems.

You should just not comment in my opinion because you sound like a typical loser.
BRs,
AH

In Topic: Currency Trading Question

2012-04-14 07:37:50

RussellBellagrego, on 2012-04-14 07:14:04, said:

For a starter, young man, just go online and use Google to answer your inquiries. It appears you are lacking in basic education and far removed from Forex or any other form of currency trading. Your question is not on point and you don't have a clue what currency trading is, Keep your money in your pocket and get an education in some field of endeavor.Best of luck.

Only partly I can agree, he is young and doesn't know much. He is interested in something and has nothing much to lose anyway so that's an excellent starting point to start a business like that. More trouble would be if he has already built up something and intends to put it at risk in order to make life easier.

In Topic: Currency Trading Question

2012-04-14 06:55:03

pistachios, on 2012-04-14 04:59:12, said:

somchaimaidai, on 2012-04-13 20:59:53, said:

I would not follow the advice of someone who thinks a 5% return per month is a realistic expectation.

It is definitely doable but not after having scratched on the floor. Learning before earning just like every other profession.

In Topic: Where Is Gold Going In This Market

2012-04-04 23:57:07

edgarfriendly, on 2012-04-04 23:39:33, said:

Did gold really go down 25.70?
Yes. The stronger US Dollar was responsible for 8.70 of that drop.

Gold price Change due to Strengthening of USD
-8.70

Gold price Change due to Predominant Sellers
-17.00

Gold Price: Total Change
-25.70

Ouch... i knew i shoulda' waited

There are more shears than sheeps but still you can wear a nice necklace.

In Topic: Urgent Information Required

2012-03-29 22:29:26

MEL1, on 2012-03-29 21:23:35, said:

PCA, on 2012-03-29 19:04:37, said:

amrishtony, on 2012-03-29 09:54:05, said:

Tell us about it,Share your info...may be someone in future would not suffer if you share

ok, I am a Hedge Fund manager but I don't need new clients Posted Image

IF I said I currently have 1M baht to fund with you what would you do?

1. Transfer it via WU to Siam Paragon?

2, Invest it wisely, in somewhere you know?

Genuine Q.

-mel Posted Image

I don't know how to answer this question because I don't know what you expect in returns and in which time frame and under which conditions you are interested to get paid. I am not an Investor, investing is too much of a yawn for me. I am specialised in short to medium term trading covering many markets and strategies. Investing is a time issue, trading is a thrill where time as a statistic does not exist, timing does though - my field is there.
If you want to do something with your Mill I can tell you when and what to do but you gotta do it yourself and will learn something along in order to do it completely by yourself the next time. Chose an investment type and I get you support in case I have enough time at hand.