would like to know if its a scam or if its lagit?
2006-09-12 07:36:57 · 4 answers · asked by bira g 1 in Business & Finance ➔ Investing
Sure its legit. It has its place though and you darned sure better know what and why you are doing it. If I had news of a big Japanese earthquake (or the political earthquake of North Korea successfully testing a nuke), then shorting Yen would be a powerfully profitable move. If I were going to buy something big for my business from Germany and had the hint that the Euro weren't going to be getting any cheaper in relation to my dollars, that would be a place to look in order to nail down value.
Otherwise, it is like taking candy from babies, babe. Good luck.
2006-09-12 07:55:11 · answer #1 · answered by Rabbit 7 · 0⤊ 0⤋
It is dominated by huge banks who have access to more information and flow intelligence than you have. It's incredibly difficult to make money. The brokerage firms are just trying to get you to trade in order to generate commissions. Stay away.
2006-09-12 07:45:50 · answer #2 · answered by Oh Boy! 5 · 0⤊ 0⤋
Try the links in http://www.hot8sites.com/trading/
2006-09-12 07:49:50 · answer #3 · answered by Anonymous · 0⤊ 0⤋
it is fine, but you should not trade if you dont have experience
2006-09-12 07:59:16 · answer #4 · answered by Carlos B 1 · 0⤊ 0⤋