http://www.forbes.com/free_forbes/2005/0110/036.html
"... Berkshire lost $205 million on currency speculations in the first half of 2004, but more than made that back with a $412 million gain in the third quarter. It's likely that the December quarter report will show another huge gain... "
"... Berkshire lost $205 million on currency speculations in the first half of 2004, but more than made that back with a $412 million gain in the third quarter. It's likely that the December quarter report will show another huge gain... "
DislikedHanz: That's what everyone in all the forums have asked me. Has ever
anyone on these forums ever told you not to trade the markets? Of course
not. Did anyone ever tell you that more traders have lost their homes,
their marriages, their friends, all their money....and even murdered because
in trading the market? Yeah....maybe a hint, here and there. I made mine
in commodities....A MILLION?...no...but enough to be finanically independ-
ent. Yes...it's nice to have it. But was it worth it? NO. You don't know
who I am...you haven't the slightest idea what I've done in my 83 years
on this earth, but if you did you might be really surprised. But I will tell
you this....MONEY is not the solution. In fact, once you get it...you'll
find it harder to live with yourself than before. Just what have you
really accomplished by trading? There is a difference between Bill Gates
and Warren Buffet. One took a product and developed it...and now
you and I are debating a question via this product....a product that
changed the whole world. The other guy...Buffet....lost about 2 million
dollars trading the currencies and lost. But it didn't faze him one bit.
But his trading had no affect on our lives. Why am I here on this forum?
I've asked the same question myself. Why in the hell should I try to help
you or anyone else? Even waste my time? I'll tell you why....because you
and everyone else haven't the slightest idea the ordeal you'll have to
contend with. Especially when you have only a couple hundred dollars
or even a couple thousand. Where you will make a mistake and get wiped
out completely. Where you see your wife take a product off the shelf...
then put it back because she is trying to save 4 cents....and you just
lost thousands. That's just a sample. Oh, sure....there'll be those out
there who will make a remark to the above example to justify their own
attempt. As if, by their ridicule, it will enhance their own justification and
as if that will make their own reason just that more real. But...it won't
change the odds. They will still lose...and pay more than just money.
O.K.......but you still want to try it. AND WHY NOT? "I hate my damn
job....putting up with my boss for eight hours a day. See no future in this
f------ job". And there is a chance in the forex market. Remember, I
mentioned the "stock and commodity" market. There is a huge difference
between commodities and the forex market. There is a hell of a difference
between the forex and the other markets. I disagree with Joe Ross and
his vibrations against the currency market, even though I carried his
message on a number of forums. I started to trade the same time as Joe
Ross back in the late 1950's. He knows more about trading than I'll ever
know...but I don't think he knows that much about the forex. All the
gurus out there are talking about trading with money. Something like
$10,000...$25000. Guys like Joe Ross have around 50 thousand to a
hundred thousand in their coffers. But you have only a couple hundred
dollars and you had to work your ass off to get that. You don't even have
a pea shooter and you're going to try fighting someone with a tank? O.K...
so you may have a heavy duty rifle, and you're out hunting in rhino
country. The rhinoceros comes charging at you....you left up this heavy
rifle and hit right smack in the middle of his forehead. And he is still coming
at you. Now....WHO IS IN TROUBLE? There is a way to do it in the forex.
You can get into the forex market by going with the micro account...but
first going via the demo. I explained it above. With the micro....you're
playing with a dime gain or loss. But at least you're not betting your
wife or kid on making a fortune. The rest????......you should know the
rest. If you don't...then leave and don't come back. It wouldn't hurt
to "pray to God". To pray for the money? No....pray to him to help you
beat this "greed"...this "fear"...within you when you start to trade. Pray
to him to find happiness.....not MONEY. Believe me....I'm telling you
something that someone who has been down that road. Your greatest
salvation is in God...no matter what your faith. I'm old....and I probably
don't have that long of a time left. But when they pronounce me dead...
I WANT A SECOND OPINION. The first one may have gotten his Medical
degree via a correspondance course.Ignored