but what if you live in Europe and you send money to someone in the USA on his Paypal account and then wait for your money to increase in value and then ask your money back. Wouldn't that be something without any risks of losing your money and still make profit?
so why bother with a "basics of currency trading" video then? basically youre saying "well you're probably not smart enough to figure this out so get someone else to handle your money instead so you don't lose it all"
I'm not sure I understand. You said if you try to think more than a day out, you will get your clock cleaned. Then you said short term trading is very difficult. You meant long term trading, right?
You have to trade quickly on the Forex market because if the currency value changes .0001 then you lose ten units of whatever currency you traded for, that is if your trading a lot of 100,000 units of that currency. It wouldnt really matter if you actually had 100,000 dollars to trade, but instead you trade on margin with 1% of 100,000, so if your lot depreciates by 1,000 dollars and thats all you have in your account, then you're wiped out completely.
The stock market and the real estate market all have a relationship to the dollars value. Dont be fooled. The stock market may rally when the US dollar falls, and the Dollar may rally when the Real Estate market performs well. Any economical news, reports, statistics affects the value of our currency.
The USD is a gauge of how strong the economy is. Google DOLLAR INDEX and see for yourself, USD is at a LOW. So what does this mean?? Offset the dollar loss by trading against the dollar in 4X.
but what if you live in Europe and you send money to someone in the USA on his Paypal account and then wait for your money to increase in value and then ask your money back. Wouldn't that be something without any risks of losing your money and still make profit?
psychopathtoine 2 days ago
Very Cool...
RedbullFX 1 week ago
It's a zero sum game. For every winner there is a loser.
josephc28 1 month ago
You think he's gonna tell you something and then he's promoting himself.
imagineaboringlife 4 months ago
WHAT???
wannaprofit 1 year ago
A very good Advise
inamkhan0007 1 year ago
so why bother with a "basics of currency trading" video then? basically youre saying "well you're probably not smart enough to figure this out so get someone else to handle your money instead so you don't lose it all"
riiiiiight......
Emnar2 1 year ago
your videos skip, FAIL
CafeManning 1 year ago
i bought nzd at 3.86 from hkd after six month sold nzd and bought hkd at 5.70,i made good by my luck.its however not my hard work or something...
sukhman4u 1 year ago
this guy is a fool
forextrend 1 year ago
How do you find a pro?
mart83648 2 years ago
This is kinda funny because it sounds and looks like he has been burned so badly by the foreign exchange market.
Look at his face when he says "Be very careful when it comes to currency trading." ... PRICELESS.
Look at his face when he says: Short term trading is very difficult to do. -- LOL.
The forex market has taken your money huh? I know it has.
SSmithOnline 2 years ago
When he says "bet long or bet short", he means long-term or short-term in the sense of time, right?
markthenicholson 2 years ago
I'm not sure I understand. You said if you try to think more than a day out, you will get your clock cleaned. Then you said short term trading is very difficult. You meant long term trading, right?
theknightlynews 2 years ago
You have to trade quickly on the Forex market because if the currency value changes .0001 then you lose ten units of whatever currency you traded for, that is if your trading a lot of 100,000 units of that currency. It wouldnt really matter if you actually had 100,000 dollars to trade, but instead you trade on margin with 1% of 100,000, so if your lot depreciates by 1,000 dollars and thats all you have in your account, then you're wiped out completely.
Raurex 1 year ago
The stock market and the real estate market all have a relationship to the dollars value. Dont be fooled. The stock market may rally when the US dollar falls, and the Dollar may rally when the Real Estate market performs well. Any economical news, reports, statistics affects the value of our currency.
The USD is a gauge of how strong the economy is. Google DOLLAR INDEX and see for yourself, USD is at a LOW. So what does this mean?? Offset the dollar loss by trading against the dollar in 4X.
4xleader1 2 years ago