Anyone else into currency trading/gambling business?

Štulic · 03-25-2011, 03:42 AM

Well I am, I sort of got rid of my gambling (pokies,casino,betti ng) addiction by getting into currencies and indices market and to be honest it is nothing else but gambling.

There's like literally thousands of websites where you can sign up and start trading currencies and commodities and indices almost like a proper wallstreet weirdo.

Derivatives and leverages are where the whole story becomes attractive to a poor "couple of hundred bucks" sort of trader like me. Pretty complicated but basically simple if you know how to limit your losses.

You think the USD is gonna go up against the Euro so you put your $100 on the BUY option and hope that it does go up. Depending on the leverage you choose, you can double your money in a few minutes just because the USD went up quarter of a cent against the Euro, at the same time you can lose your hungie if it goes the other way. Pretty simple.

You can also speculate on oil, various metals and other commodity prices, major stock exchange indexes...same rules apply. Good luck.

eToro is pretty popular but I'm using Forex atm. Not doing bad since the Japan earthquake and all the mideast turmoil, so predictable...

The Rev · 03-25-2011, 10:01 AM

How do you overcome a gambling addiction by taking up a new form of gambling?

The Rev

The Don · 03-25-2011, 10:10 AM

Fuck derivatives.

Sorry Stulic, more power to you for playing the game, but I say again, fuck derivatives.

Roach · 03-25-2011, 12:01 PM

Told my son last week to sell his silver, as I saw it was peaking @ $38 an oz.

bought it back when it was $5 an oz. (only like 20 oz.)

not in the market, but @ coin/jewelry shop.

money gold/silver right now, is going to take a dump.

saw it comming.

currency ?...no way of knowing which country BofA/IMF are going to bankrupt next.

Roach · 03-25-2011, 02:11 PM

CURRENCY RATES IN US DOLLAR PER US DOLLAR
Argentine Peso 0.24765 4.03800
Australian Dollar 1.02627 0.97440
Brazilian Real 0.60460 1.65400
British Pound 1.60488 0.62310
Canadian Dollar 1.01968 0.98070
Chinese Yuan 0.15252 6.55650
Euro 1.40925 0.70960
Hong Kong Dollar 0.12830 7.79450
Indian Rupee 0.02241 44.62000
Japanese Yen 0.01230 81.32000
Korean Won 0.00090 1,110.75000
Mexican Peso 0.08340 11.99100
Russian Rouble 0.03531 28.32370
Swedish Krona 0.15684 6.37590
Swiss Franc 1.08731 0.91970
US Dollar 0.80000 1.00000 .....jk...........

Roach · 03-25-2011, 02:12 PM

I love the way a post ends up looking this ^^ shitty after 15 minutes of lining the shit up

Štulic · 03-25-2011, 02:15 PM

lol you have to use the code feature

The Rev · 03-25-2011, 03:26 PM

Code:

12345     12345
12345     12345

Cool. Gotta remember that.

The Rev

Roach · 03-25-2011, 04:10 PM

^ditto

life is simple

people are complicated.

Rubix · 03-26-2011, 12:08 AM

Quote:

Originally Posted by Roach

Told my son last week to sell his silver, as I saw it was peaking @ $38 an oz.

bought it back when it was $5 an oz. (only like 20 oz.)

not in the market, but @ coin/jewelry shop.

money gold/silver right now, is going to take a dump.

saw it comming.

currency ?...no way of knowing which country BofA/IMF are going to bankrupt next.

I'm so mad i sold mine when i did. I had 100oz of pan american from the mint at 10.75 an ounce, sold at like 17~, now its doubled that and more

The Don · 03-26-2011, 02:48 AM

You should buy gold slver as a way to secure your liquidity.

I've got gold, I'm holding it forever.

When the system comes a crashing down, I'll take my saw and cut it into pieces I need.

/tin foil hat.

Roach · 03-26-2011, 07:55 AM

^some retirement funds felt the same way about the stock market. after the first housing crash (the "savings & load fiasco) now regret not pulling their money back then.

I know several people on the fringe of retirement who have lost at least half their savings/investment, and now must consider returning to work/welfare as social "security" was never meant to provide sufficient money to survive on.

this is good time to sell.

when it bottoms again in 5 years or so, you can repurchase.

maszac · 03-26-2011, 10:03 AM

i just threw up

Roach · 03-26-2011, 05:22 PM

^ blowing chunks ?

tedkennedy · 03-26-2011, 10:34 PM

stocks motherfucker, do you trade them?

Xil · 03-27-2011, 02:10 AM

gold and guns (especially with ammo)

the two things that will retain the most value when the government bubble bursts

BigSpliffSmoka · 03-27-2011, 07:07 PM

Stulic..... I spent over a year studying and practicing on becoming a day trader. My current job gives me decent time off so I thought I'd put it to use.
Every book I have read has always mentioned "(Insert trading method here) is not a form of gambling" I have like 20 books on day trading, forex trading, options trading... everything and they all mention this.
I could type forever on this... if you have only small capital to start with (under 15k-20k) then you need to start small. Penny stocks are a good place to start. In FOREX trading you need to have a lot of money or you can leverage it... but if you lose on that be prepared to pay.
The studying that goes into it every morning is very intensive. If you want more info or book recommendations PM me and I'll be glad to help you out or point you in the right direction.

maszac · 03-27-2011, 07:44 PM

if the government and capitalism fell, gold wouldnt convince me to do a fucking thing.

Xil · 03-27-2011, 07:54 PM

Quote:

Originally Posted by maszac

if the government and capitalism fell, gold wouldnt convince me to do a fucking thing.

the GUNS are for when government and capitalism fall. nothing says do what i say more effectively than a 12ga pointed at your chest

the gold is for when government stars to rebuild itself.

that is, unless those pesky alchemists manage to fuck things up

The Don · 03-27-2011, 11:47 PM

Quote:

Originally Posted by maszac

if the government and capitalism fell, gold wouldnt convince me to do a fucking thing.

Good luck with that.

03-25-2011, 10:01 AM	#2 (permalink)
The Rev Clear Light Join Date: Oct 2002 Location: In my head, somewhere. Posts: 17,865 Thanks: 5,018 Thanked 5,421 Times in 2,865 Posts	How do you overcome a gambling addiction by taking up a new form of gambling? The Rev __________________ Budforce - My Friend August 29, 1973- May 25, 2012

03-25-2011, 10:10 AM	#3 (permalink)
The Don You follow? Join Date: Sep 2001 Posts: 11,151 Thanks: 544 Thanked 781 Times in 426 Posts	Fuck derivatives. Sorry Stulic, more power to you for playing the game, but I say again, fuck derivatives. __________________ I am genuienly sad about my thanks:post ratio

03-25-2011, 12:01 PM	#4 (permalink)
Roach Victoria Aut Mors Join Date: Dec 1999 Posts: 7,184 Thanks: 2,372 Thanked 1,987 Times in 1,509 Posts	Told my son last week to sell his silver, as I saw it was peaking @ $38 an oz. bought it back when it was $5 an oz. (only like 20 oz.) not in the market, but @ coin/jewelry shop. money gold/silver right now, is going to take a dump. saw it comming. currency ?...no way of knowing which country BofA/IMF are going to bankrupt next. __________________ לזיין את הקופים

03-25-2011, 02:11 PM	#5 (permalink)
Roach Victoria Aut Mors Join Date: Dec 1999 Posts: 7,184 Thanks: 2,372 Thanked 1,987 Times in 1,509 Posts	CURRENCY RATES IN US DOLLAR PER US DOLLAR Argentine Peso 0.24765 4.03800 Australian Dollar 1.02627 0.97440 Brazilian Real 0.60460 1.65400 British Pound 1.60488 0.62310 Canadian Dollar 1.01968 0.98070 Chinese Yuan 0.15252 6.55650 Euro 1.40925 0.70960 Hong Kong Dollar 0.12830 7.79450 Indian Rupee 0.02241 44.62000 Japanese Yen 0.01230 81.32000 Korean Won 0.00090 1,110.75000 Mexican Peso 0.08340 11.99100 Russian Rouble 0.03531 28.32370 Swedish Krona 0.15684 6.37590 Swiss Franc 1.08731 0.91970 US Dollar 0.80000 1.00000 .....jk........... __________________ לזיין את הקופים

03-25-2011, 02:12 PM	#6 (permalink)
Roach Victoria Aut Mors Join Date: Dec 1999 Posts: 7,184 Thanks: 2,372 Thanked 1,987 Times in 1,509 Posts	I love the way a post ends up looking this ^^ shitty after 15 minutes of lining the shit up __________________ לזיין את הקופים

03-25-2011, 03:26 PM	#8 (permalink)
The Rev Clear Light Join Date: Oct 2002 Location: In my head, somewhere. Posts: 17,865 Thanks: 5,018 Thanked 5,421 Times in 2,865 Posts	Code: 12345 12345 12345 12345 Cool. Gotta remember that. The Rev __________________ Budforce - My Friend August 29, 1973- May 25, 2012

03-25-2011, 04:10 PM	#9 (permalink)
Roach Victoria Aut Mors Join Date: Dec 1999 Posts: 7,184 Thanks: 2,372 Thanked 1,987 Times in 1,509 Posts	^ditto life is simple people are complicated. __________________ לזיין את הקופים

03-26-2011, 02:48 AM	#11 (permalink)
The Don You follow? Join Date: Sep 2001 Posts: 11,151 Thanks: 544 Thanked 781 Times in 426 Posts	You should buy gold slver as a way to secure your liquidity. I've got gold, I'm holding it forever. When the system comes a crashing down, I'll take my saw and cut it into pieces I need. /tin foil hat. __________________ I am genuienly sad about my thanks:post ratio

03-26-2011, 07:55 AM	#12 (permalink)
Roach Victoria Aut Mors Join Date: Dec 1999 Posts: 7,184 Thanks: 2,372 Thanked 1,987 Times in 1,509 Posts	^some retirement funds felt the same way about the stock market. after the first housing crash (the "savings & load fiasco) now regret not pulling their money back then. I know several people on the fringe of retirement who have lost at least half their savings/investment, and now must consider returning to work/welfare as social "security" was never meant to provide sufficient money to survive on. this is good time to sell. when it bottoms again in 5 years or so, you can repurchase. __________________ לזיין את הקופים Last edited by Roach; 03-27-2011 at 09:08 AM.

03-26-2011, 10:03 AM	#13 (permalink)
maszac toast Join Date: Jul 2007 Location: kc Posts: 915 Thanks: 1,458 Thanked 266 Times in 162 Posts	i just threw up

03-26-2011, 05:22 PM	#14 (permalink)
Roach Victoria Aut Mors Join Date: Dec 1999 Posts: 7,184 Thanks: 2,372 Thanked 1,987 Times in 1,509 Posts	^ blowing chunks ? __________________ לזיין את הקופים

03-26-2011, 10:34 PM	#15 (permalink)
tedkennedy now 14% blacker Join Date: Apr 2005 Posts: 3,229 Thanks: 71 Thanked 585 Times in 364 Posts	stocks motherfucker, do you trade them? __________________ matthew munari

03-27-2011, 02:10 AM	#16 (permalink)
Xil OD'ing on sobriety Join Date: Mar 2006 Location: Mizzura Posts: 3,334 Blog Entries: 1 Thanks: 1,037 Thanked 1,158 Times in 717 Posts	gold and guns (especially with ammo) the two things that will retain the most value when the government bubble bursts __________________ "we'll show these fascists what a couple of hillbillies can do"

03-27-2011, 07:07 PM	#17 (permalink)
BigSpliffSmoka ...@ War, BRB Join Date: Oct 2002 Location: Chicago Posts: 967 Thanks: 16 Thanked 54 Times in 41 Posts	Stulic..... I spent over a year studying and practicing on becoming a day trader. My current job gives me decent time off so I thought I'd put it to use. Every book I have read has always mentioned "(Insert trading method here) is not a form of gambling" I have like 20 books on day trading, forex trading, options trading... everything and they all mention this. I could type forever on this... if you have only small capital to start with (under 15k-20k) then you need to start small. Penny stocks are a good place to start. In FOREX trading you need to have a lot of money or you can leverage it... but if you lose on that be prepared to pay. The studying that goes into it every morning is very intensive. If you want more info or book recommendations PM me and I'll be glad to help you out or point you in the right direction. __________________ So if the devil wear Prada, Adam Eve wear Nada, I'm in between, but way more fresher.

03-27-2011, 07:44 PM	#18 (permalink)
maszac toast Join Date: Jul 2007 Location: kc Posts: 915 Thanks: 1,458 Thanked 266 Times in 162 Posts	if the government and capitalism fell, gold wouldnt convince me to do a fucking thing.

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)

Thread Tools
Show Printable Version Email this Page
Display Modes	Rate This Thread
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode	Rate This Thread: