I wait for a possible second retest of the support zone at 1,3344 before going long with tp at the 38 fib from downmove at 1,3390.
- #601,893
- Feb 29, 2012 11:55am Feb 29, 2012 11:55am
- | Joined Feb 2009 | Status: I'm the guy in the middle, so u kno | 294 Posts
ANYONE HAVE ANY CONTRARY IDEAS ON WHY THE FOREX IS NOT A ZERO SUM GAME (for the traders I mean), is welcome to debate.....
The zero sum game doesnīt mean that money changes hands from some traders to others,,,, the losers in this game are the general public (for exampe) that moves around the globe and buys currencies at whatever price, no matter how overvalued a currency is,,, and and it doesnīt count as a loss to them since itīs not their primary activity,, they have a job,, go on holidays abroad and dont wait a couple a months until their own currency strengthens, so the holiday can be 100 bucks cheaper.....
The same for the big international (or even small and medium business for that matter) that buy things from abroad or make whatever payments,,, and thatīs billions of dollars ,,, and they have to do it at whatever price the currencie,, and they dont see it as a loss either,, just their profits from their business will be a bit lower ...
All what trading forex as a speculator is, that we take a bit from the banks profits,, businesses and people instead of buying all the foreign currency they need for whatever reason from the banks,, they buy some from us, the speculators, and we make a bit of money that the banks would have made .....
soooo itīs not a zero sum game for the traders or the banks,, its a zero sum game in general,, ISNīT ALL KIND OF BUSINESS/TRADE A ZERO SUM GAME ????? I buy food cheaper-sell it more expensive,, the one how looses money I make is the final consumer,, SAME GOES TO THE FOREX,,,, soooo yeah
The zero sum game doesnīt mean that money changes hands from some traders to others,,,, the losers in this game are the general public (for exampe) that moves around the globe and buys currencies at whatever price, no matter how overvalued a currency is,,, and and it doesnīt count as a loss to them since itīs not their primary activity,, they have a job,, go on holidays abroad and dont wait a couple a months until their own currency strengthens, so the holiday can be 100 bucks cheaper.....
The same for the big international (or even small and medium business for that matter) that buy things from abroad or make whatever payments,,, and thatīs billions of dollars ,,, and they have to do it at whatever price the currencie,, and they dont see it as a loss either,, just their profits from their business will be a bit lower ...
All what trading forex as a speculator is, that we take a bit from the banks profits,, businesses and people instead of buying all the foreign currency they need for whatever reason from the banks,, they buy some from us, the speculators, and we make a bit of money that the banks would have made .....
soooo itīs not a zero sum game for the traders or the banks,, its a zero sum game in general,, ISNīT ALL KIND OF BUSINESS/TRADE A ZERO SUM GAME ????? I buy food cheaper-sell it more expensive,, the one how looses money I make is the final consumer,, SAME GOES TO THE FOREX,,,, soooo yeah
