Who are your competitors? | Forex Factory

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Who are your competitors?

  • #1
  • First Post: Sep 17, 2007 8:41pm Sep 17, 2007 8:41pm
I found this article interesting.

http://www.nytimes.com/2007/09/16/bu...7Aw7SnQYR0hkZw

Now we know why all of the chop during the Asian session.
"Its not where your at, but where your coming from"
  • #2
  • Sep 17, 2007 8:51pm Sep 17, 2007 8:51pm
"Most analysts estimate that Japanese online investors lost $2.5 billion trading currency last month." yikes..

Unfortunate too about the woman profiled who took nearly a 100% loss on the family savings..

I hope they are not entirely out of the market, those housewives sure did wonders for the carry crosses in their heyday ("heyday" as in 2 months ago & prior).
  • #3
  • Sep 17, 2007 9:57pm Sep 17, 2007 9:57pm
Oh I know. Very Unfortunate. The scope of the market is what threw me back. Its the allure of the market and potential for quick profits and easy entry. Pick up a book, open an account in one day, and start trading (or gambling).
"Its not where your at, but where your coming from"
  • #4
  • Last Post: Sep 17, 2007 9:58pm Sep 17, 2007 9:58pm
Quote
middle-class Japanese homemakers who moonlight as amateur currency speculators

zombi-style
"Abandon all hope, you who enter here" La Divina Commedia, Dante Alighieri
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