http://www.jflennon.com/
I posted and hinted to selected friends that I was exploring something new, something which was somewhat "foreign" to me, and it all came about from a hasty-reunion with a college buddy of mine early this year.
I finally attended their first two-day session in the Antipolo City, Philippines last August 2008 because -
1) I was curious since trading was something I wanted to try but wasn't confident about
2) the venue looked inviting and it seemed a good change of pace
3) Fortune may be knocking on my door
4) I knew my college classmate and felt secure that it was worth trying it out
And so...although I may not get to be as involved in it as I would like to be these days, its something I would like to also share with you. As long as there are consequential fluctuations in exchange rates and intertwining and interconnection of diffferent countries, there will be a chance to make money out of foreign exchange trading.
Note though that this kind of trading is not suitable for everybody. Keep an open mind, but do research and learn as much as you can first.
Disclaimer: This post is a general commentary and is not meant as investment advice.
Hey Cat! Where have you been all these days? Haven't you heard of the "world financial meltdown?"
ReplyDelete:-) it will survive that...foreign exchange will still go on and on an on while there is still different currencies...*yes, the only problem to this is when isang currency na lang ang buong mundo pero di naman yata ako buhay pa at that time*
ReplyDeleteit doesn't matter if dollar goes up or down, it works to your advantage whichever way it goes, or you could chose another currency pair to use...if kaya mo...
Cat, the US is the largest world economy. It is the biggest market for all other countries. If people in the US suddenly have less money to spend what do you think will happen to the rest of the world?
ReplyDeletethe forex market is most probably the biggest market int he world but not many people know of it or even trade in it..most probably people think of trading in terms of stock market etc.
ReplyDeletehowever I believe forex trading is not going to go away and since I am doing this from the point of view of small retail trader, the risks are acceptable..
well I'd say to people to do some research, think about the type of personality you have when it comes to management, and trade only with money you can afford to trade with..that requires discipline and a lot of other stuff thats not in my arena...
am still studying it btw, have not put in capital yet..:-)
Tochie is right Cat. Even Canada, which has a robust economy, is affected by the US financial crisis. How? The US is Canada's biggest trade ally, and they are not buying as much as they used to. The ripple effect of this financial meltdown trickles down the line and will affect the rest of the world.
ReplyDeleteof course, its the biggest economy, its bound to affect everyone, even the small fries..este..ants (obvious ba am eating french fries?)
ReplyDeletein every problem there is opportunity, you just have to think about all the sides of the issue...one man's gain is another man's loss and all that blah-blah...
Are you saying you're an opportunist taking advantage of a problem?
ReplyDeleteam saying that its a normal reaction and possibly for some a knee-jerk reaction to worry because the US economy is not as good as we may hope it to be...BUT, its not the end of the world....at least for me, and some people may say its ironic ha...because I work for a US company :-)
ReplyDelete