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Currency Trading...

Discussion in 'Other Off Topic Forum' started by F355 Fan 82, Jan 8, 2008.

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  1. F355 Fan 82

    F355 Fan 82 F1 Veteran

    Jul 22, 2006
    9,063
    #1 F355 Fan 82, Jan 8, 2008
    Anybody familiar with this whole thing. So my little brother is 22, last year when he graduated college my parents gave him $50,000 to do with as he wanted he already had a small account with Oanda like $8,000 or so nothing outrageous anyway he comes by my house tonight and he's showing me his account and he's made a little over $100K trading since may with the money my parents gave him. He said he was returning between 1-5% daily AVERAGE...is this really feasbile for an extended period or is this just a period of good luck that went on for a year. He got me pretty interested in it and later this week when I have free time he's going to sit me and my father down and show us how it all works. We were both shocked because my brother isn't exactly the smartest kid on the planet but he certainly knows how to work this area. Is it really worth learning and trying out or is it just too complicated and risky. I have a lot of experience in the stock and bond market markets so I'm not a newbie in the trading world
     
  2. mgv1

    mgv1 Formula Junior

    Feb 6, 2006
    496
    San Francisco
    Full Name:
    Mark V
    #2 mgv1, Jan 8, 2008
  3. JSinNOLA

    JSinNOLA Two Time F1 World Champ
    Sponsor Lifetime Rossa Owner

    Mar 18, 2002
    20,279
    Denver, CO
    #3 JSinNOLA, Jan 26, 2008
    Besides the thread posted above I started a few others on the subject. They can all be found by searching.

    1-5$/day is nowhere near sustainable. I experienced growth like that when I first started trading and didn't realize until later that it was pretty uncommon. Anyway, if you have any questions about currency trading feel free to fire away.

    Definitely consider subscribing to Fchat so you can access the Business and Investments section, I happen to be a mod there and have to say it is actually pretty simple to moderate since it is rare to have BS posted there. It is an exceptional resource.
     

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