Forex

annarborgator · Post by **annarborgator** » Sat Mar 22, 2008 9:54 pm

I've been reading about foreign currency markets on Investopedia and I'm damn intrigued. I set up an account at OANDA's free FXGame website. Who knows other good resources for Forex reading?

a1bion · Post by **a1bion** » Sun Mar 23, 2008 11:23 am

Dood, just give me your money now if you're really thinking about trying to play the forex market.

TheTodd · Post by **TheTodd** » Sun Mar 23, 2008 11:52 am

It is interesting, but a dangerous, dangerous place to go.

annarborgator · Post by **annarborgator** » Sun Mar 23, 2008 3:08 pm

Dood, just give me your money now if you're really thinking about trying to play the forex market.

You're saying there are no sound strategies for an individual investor in the forex?

a1bion · Post by **a1bion** » Sun Mar 23, 2008 5:26 pm

Dood, just give me your money now if you're really thinking about trying to play the forex market.
You're saying there are no sound strategies for an individual investor in the forex?

I would say it is a very complex market. Remember that it trades 24 hours a day, 5 days a week and there are tons of variables to it. Are there individuals who can do it? Sure, just look at George Soros. But I'd say he's the exception rather than the rule.

annarborgator · Post by **annarborgator** » Sun Mar 23, 2008 6:58 pm

Fair enough but I'd never be in the market on such high risk positions like Soros usually occupies. He seems like more of a short term shark who uses large positions. I'm thinking more intermediate term, 1-5 day positions.

I don't doubt its complexity, that's why I'm planning on researching it extensively. Just something I'm curious about. I like equities for longer term positions, months and years. Forex would be fun to take $1000 a year and run a micro account. We'll see...I'll keep y'all updated on my fantasy forex account.