Who has traded since before the time of euro?

i saw a similar post down somewhere but.. suppose EUR gets scrapped away..(please, a hypothetical scenario)

is there anyone who has traded the currency market before the intro of euro?

surely the retail side didnt even exist back then..?

wed be trading deutsche mark probably..

I saw Tudor jones making some Dmark trade on the pbs documentary and that was what like 20 or 30 years ago?

any opinion as to what cluster f*** sh** storm will the end of euro bring?(purely from trading perspective)

is it like they just take off EUR label and put all those Franc and so forth? i gotta go ask my broker about this

I can remember trading the Euro when it was at .85 and I think that was in the first year of its introduction. Even then the scammers were out in full force. I think the system they taught me (for $3000) was 3 green (red) on the 5M was a great entry.

It's not going to happen - at least not in such a way that all member states would simultaneously abandon the Euro. I have been trading most of the old currencies including D-Mark, Lira, French Franc Dutch Guilder etc..

Many thought at the time that the arrival of the Euro would mean a great loss of business - but it never happened. There was a simple liquidity shift and the market took it without much notice.

Some of the cross currency traders lost their job or where shifted to other departments - but otherwise everything remained the same.

regards
daytrading

The retail side of currencies for most folks back in the day was via the Futures market. The Interbank market was only available to individuals with deep deep pockets ( a la Tudor Jones ). I used to love trading the Dmark and was quite perturbed when it went away with the emergence of the Euro. Full-size contracts were offered at the CME and each pip was worth $12.25. Half-size contracts at the time were offered at the Mid-Am Exchange. If I remember correctly margins for the full size contract were in the area of $2500 to $5000 per contract, so there was no such thing as beginning your trading career with a $200 account. You had to come into the game relatively well funded from the start. The trading day began at 7:20am Central and closed at 1:20pm. Globex overnight trading was available as far back as the early 1990s, but the action was so illiquid that it was untradeable. So all of the action that occured during the Asian and London sessions showed up on your charts as gaps. It was common to wake up in the morning and find oneself much richer or much poorer than the day before. I would'nt worry though. The nice thing about understanding and knowing how to trade is that imploding markets offer just as much profit potential as thriving bull markets.

so if EUR ever gets taken away, things will be as usual..

yeah i remember reading about the early days of currency futures in Market Wizard. like the head of the exchange encouraging traders to trade fx futures

well, thanks all for sharing. I wondered how itd be like trading all those old european currencies. you all must have seen a quite a lot.

thanks for sharing veterans!!
great to have your knowledge around for us to learn from...