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Topic: anyone Trade the FOREX market?
Zylox
Posts: 504
Location: Brisbane, Queensland
what the title says....
and....

Have been running a demo account and was surprised to see that i made US$4500 in one week and earlier today US$914 in 30-40 minutes...

starting to think im in the wrong industry.
system
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whoop
Posts: 11371
Location: Brisbane, Queensland
four x?
http://img262.imageshack.us/img262/7856/xxxxbottlesps7.jpg
infi
Posts: 6080
Location: Brisbane, Queensland
its risk/reward i guess. only use money u can afford to lose. forex can be very fickle.
Dodgymon
Posts: 1088
Location: Brisbane, Queensland
I trade on the ASX (with real money) and I've made nearly 10k this week WOOT!
If you are considering doing short term trades I recommend "Market Pro trader 4"
Dodgymon
Posts: 1089
Location: Brisbane, Queensland
Oh and i've tried trading in the American SX and even tho my stocks gain money because of the rising Aussie $$ and the weak $US I ended up losing money.

I reckon ur crazy to trade with anything other than Aussie stocks atm.
Fubar
Posts: 222
Location: Brisbane, Queensland
is that an actual program dodgymon?
link?
Dodgymon
Posts: 1090
Location: Brisbane, Queensland
Pretty sure it's this but it seems version 5.0 has just come out.
http://www.pro-trader.com.au/software.asp

You can order a demo CD but usually you need to do a course just to be shown how to read the charts. Once you know how to read the charts it's easy as using this program. It basically tells you the turning points before they happen based on carefully constructed math like volume, price, history buys wanted and sells etc.
Dodgymon
Posts: 1091
Location: Brisbane, Queensland
This is the demo for it.

http://www.moneybags.com.au/default.asp?d=0&t=2&id=4577&c=0&demo=yes&s=221&a=10#demo


The program costs about $900 to start with and something like $300 per year.
For that you get updates reads all the chart info as it happens.
Fubar
Posts: 225
Location: Brisbane, Queensland
definatly worth it?
Spook
Posts: 18744
Location: Brisbane, Queensland
YOU CANT LOSE
Python
Posts: 139
Location: Sydney, New South Wales
Cool, this is something I'm very interested...

I'll be taking a look at it when I get home

ty!
natslovR
Posts: 5412
Location: Canberra, Australian Capital Territory
nothing is sweeter than OTHER PEOPLE'S MONEY.. oh wait.. someone must be losing then.. hmmmmmmmmmmmmm.
TicMan
Posts: 2143
Location: Brisbane, Queensland
To make it easier, you all can give me $900 up front and then $300 a year and I'll tell you which stocks to buy.

Email: hotstockquotes4real@hotmail.com
Paypal: winwinwinwinwinwin@hotmail.com
Phone: +234 84 9912 0025 (Nigeria)
infi
Posts: 6084
Location: Brisbane, Queensland
yeah buy a program that's going to tell you to invest in the same stock everyone else who owns the program will be buying.

WAY2RUIN
Zylox
Posts: 506
Location: Brisbane, Queensland
WHAT STOCKS DODGYMON?

NO ONE FOR THE FOREIGN EXCHANGE?
infi
Posts: 6091
Location: Brisbane, Queensland
a fool and his money are easily parted. TicMan I tried that email for your stock quotes service and it bounced.
TicMan
Posts: 2147
Location: Brisbane, Queensland
It doesn't work unless you deposit $900 to me first.
infi
Posts: 6093
Location: Brisbane, Queensland
Please note that since February 2004, when measured against gold prices, the Dow Jones has actually been falling in value, despite it cracking new records almost daily.

This is due to the super inflation and liquidity in the US at the moment. The $US slowly becomes worthless (US debt is $9 trillion, can anyone comprehend this umber??) and the entire Australian economy is linked to this. If anything I would be going long on the $A at the moment for the next 12 months at least.
Insom
Posts: 1514
Location: Brisbane, Queensland
against gold prices?

sheeeittt
Dodgymon
Posts: 1092
Location: Brisbane, Queensland
It is true that if that the program can actually influence the market.
Anywho I personally am a fundamentals trader myself so I don't really care for charts. I tried short term and I couldn't really pull it off so I just started researching stocks. If anyone else is into some fundamental stocks I heres a few I would recommend. the ones I have really had a win with this week are

LNC - Linc Energy
CXY - Cougar Energy
QGC - Queensland Gas Company
MPO - Molopo

Some other good ones are
Arrow Energy


If you are planning trading on fundamentals I reckon you really can't go wrong with anything energy related.
Spook
Posts: 18755
Location: Brisbane, Queensland
BUY BUY BUY ABC LEARNING CENTRES FOR EASY FREE MONEY

(but please dont tell anyone, else i wont get rich)
Crunch
Posts: 950
Location: Perth, Western Australia
Actually if you like a bit of a punt this guy is pretty good.

system
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