As I've written before it is quite easy to become a currency trader. The harder part is being a currency trader that doesn't lose money. You see, according to the scuttlebutt on the forums, about 90% of new traders end up losing their money to the market.Are you thinking about trying your hand?I'm not here to talk you out of it. I myself am a part time currency trader. By day I work at my
Saturday, 30 August 2008
Forex Turmoil: Still On The Sidelines
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FX
at
12:07
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During the last few weeks of topsy-turvy price movements I've been playing it safe. I like to buy carry trade pairs, but they've been heading down a lot.Now, the big question, when will things start to turn around? A few of the pairs are getting into historically low valuations. For example, take a look at the GBPJPY pair on google finance -- click the 5yr option when it loads.Sure, we could
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