2006-08-07 04:37:08 · 4 answers · asked by Jay 1 in Business & Finance ➔ Investing
The vast majority of "traders" (period) lose money. So what?
Why apply a label like "good" or "bad?" Those are subjective terms that mean something different to everyone. What is it you really mean?
You've got plenty of "description" space to ask a complete and full question.
Is it bad that my account increased 40% last month trading the currencies? Or am I just a bad guy for bucking the trend?
Or does the method or process I use make it "bad?"
Or are you using a slang term where "bad" means "good?"
Okay, sure dude, I'm "bad."
My bad.
2006-08-07 07:56:34 · answer #1 · answered by dredude52 6 · 0⤊ 0⤋
The vast majority of currency traders lose money, according to SEC data. Why? Because they are trying to compete with governments and very large banks who have far superior information about the supply of and demand for the various currencies.
2006-08-07 05:47:34 · answer #2 · answered by Michael K 6 · 0⤊ 0⤋
Depends on how new is your news. If you are in the inside loop or just like thousands of us that depends on reuters, bloomberg....by the time the news hit the news many thousands have already gotten the news and acte don it. Like they say, buy on rumour sell on news. Anyway, most news have already been factored in by the time they hit the market. I will go for a combo. Read what the analyst say as well, then make your own judgement and method.
2006-08-07 14:51:32 · answer #3 · answered by Anonymous · 0⤊ 0⤋
There may be something of use here.
2006-08-07 20:07:45 · answer #4 · answered by Anonymous · 0⤊ 0⤋