Hello everyone I am interested why people here trade FX, besides the obvious:to make money. That is, there are hundreds of ways to make money in this world what specifics attracted you to FX.
I don't mind sharing first.
I remember reading about George Soros when I was a youth. Being from Easter Europe he was very familiar with the Soviet Era 5 year plan. He set forth sort of developing a 5 year plan of sorts for himself in regards to trading. I respected he actually had a great deal of forethought to his path.
His savvy with unfamiliar eastern European markets, at least to his fellow traders, gave him an edge he brough unfamiliar players to new markets and vice a versa. Lots to say for bridge building there.
But what really attracted me to FX was Soros being able to cause Black Wednesday aka White Wednesday. In part, he discovered a pattern, a pattern that did not reflect the nature of the market. While he made over 1 billion that day, something more important happened imho, he and other speculators made certain that even governments must exist in the reality of the market.
That is, whenver a countries politics run out of line with the nature of the world currency markets they are corrected. In some ways the FX market is an uber check and balance for countries to abide by, the democracy of the market if you will.
Well that was many years ago I developed those thoughts, I went into real estate, and set up a few unique and very profitable models of my own. For example, I determined (and I am sure others have before me), that in any given market there are only perhaps a few percent of the overall market available at any given time, therefore, by controlling a very small percent of active listings in a given market so can one control the prices on the whole market. Very effective model if taken advantage of correctly.
Well, finally George, here I am ready to learn, observe, absorb, and hopefully discover many general theories and rules that can be applied and profited from in the FX game.
I don't mind sharing first.
I remember reading about George Soros when I was a youth. Being from Easter Europe he was very familiar with the Soviet Era 5 year plan. He set forth sort of developing a 5 year plan of sorts for himself in regards to trading. I respected he actually had a great deal of forethought to his path.
His savvy with unfamiliar eastern European markets, at least to his fellow traders, gave him an edge he brough unfamiliar players to new markets and vice a versa. Lots to say for bridge building there.
But what really attracted me to FX was Soros being able to cause Black Wednesday aka White Wednesday. In part, he discovered a pattern, a pattern that did not reflect the nature of the market. While he made over 1 billion that day, something more important happened imho, he and other speculators made certain that even governments must exist in the reality of the market.
That is, whenver a countries politics run out of line with the nature of the world currency markets they are corrected. In some ways the FX market is an uber check and balance for countries to abide by, the democracy of the market if you will.
Well that was many years ago I developed those thoughts, I went into real estate, and set up a few unique and very profitable models of my own. For example, I determined (and I am sure others have before me), that in any given market there are only perhaps a few percent of the overall market available at any given time, therefore, by controlling a very small percent of active listings in a given market so can one control the prices on the whole market. Very effective model if taken advantage of correctly.
Well, finally George, here I am ready to learn, observe, absorb, and hopefully discover many general theories and rules that can be applied and profited from in the FX game.
