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Currency and gold trading- worth it?
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nwise



Joined: 22 Mar 2007

PostPosted: Thu Apr 19, 2007 7:08 am    Post subject: Reply with quote

Trumpcard wrote:
Psychology, correct money management, risk management, a profitable system are all required for trading success. and all can be learned for free!


Agree 100%. Psychology, money mgt, risk mgt, system can all be "learned" for free.

Learning vs. doing what you have learned is the problem with the psychology of trading. Installing the correct belief system regarding risk, loss, etc. is the real trick. Reading the "mkt wizard" series of books almost makes one think you have to blow out an accout, or several, until you learn.
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gmat



Joined: 29 Jan 2003

PostPosted: Thu Apr 19, 2007 9:25 am    Post subject: Reply with quote

Quote:
Reading the "mkt wizard" series of books almost makes one think you have to blow out an accout, or several, until you learn.


Yes, almost everyone pays their tuition Wink
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dogshed



Joined: 28 Apr 2006

PostPosted: Sat May 26, 2007 10:40 pm    Post subject: Re: Currency and gold trading- worth it? Reply with quote

lastat06513 wrote:
My boss right now says that gold is the way to go...
The price right now is as high as it has ever been and it will only get higher....

And I am VERY curious about cerrency trading; which currency would be a good long term investment?

Some people have their eyes on the Euro, but I am not so sure.....
When I was in Kuwait, the KWD was trading at $3.45/1 dinar and it would be a cool investment as long as the oil doesn't dry up anytime soon.

And then what about a currency accounts at KEB, do you think it would be good to stash some cash away in US$?

Any suggestions on either gold and currency investment would be keen and helpful

Thanks and Cheers in advance Wink


Over time and adjusted for inflation god has become cheaper. This will most likely continue because god mining is a very competitive business
and people tend to recycle the metal. That's the explanation I was given.
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