10% or 20% every day is it possible? or is it utopian in advance? - page 19

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LeMaxx:
Name me a billionaire, or at least a millionaire, whose name is on everyone's lips, who has made and not lost money on forex through his trading, not through books, stocks or outright speculation. I don't know anyone like that, unfortunately.

Bruce Kovner, George Soros...
 
barli:

Bruce Kovner, George Soros...

George Soros = blatant speculation, I'll read about the other one
 

http://www.peoples.ru/undertake/finans/bruce_kovner/

Keywords - futures, investors, own fund

 
LeMaxx: George Soros = blatant speculation, I'll read about the other one
Once again: why is this way of trading worse? I wouldn't mind speculating on a billion quid' worth of income just once myself...
 
The question about billionaires was written to make sure that earning money on forex is not a myth. As for speculating - I'm all for it, and I do it myself if I have time; as for just trading - everything is more for pleasure than for earning.
 
LeMaxx:
Name me a billionaire, or at least a millionaire, whose name is on everyone's lips, who has made and not lost money on forex through his trading, not through books, stocks or outright speculation. I don't know anyone like that, unfortunately.

Is there anything else on the currency market apart from outright speculation?
 
LeMaxx:

http://www.peoples.ru/undertake/finans/bruce_kovner/

Keywords - futures, investors, own fund


Read this book... If you don't read it in English, maybe there's a translation... There's an interview with Bruce Kovner... He was once one of the biggest players in the forex market

http://www.amazon.com/Market-Wizards-Interviews-Top-Traders/dp/0887306101
 
abolk:

Is there anything else on the foreign exchange market other than outright speculation?

I agree 100%
 
abolk:

Is there anything else on the currency market other than outright speculation?
There is also overt speculation ))))
 
By outright speculation I mean action that everyone will know. For example: why will the euro rise or fall on Monday? When the answers begin to coincide en masse, that is speculation, not trading.
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