SoiCowboyTony Posted July 4, 2005 Report Share Posted July 4, 2005 SiamIAm said:Its spiked back up to 41.28... Up to 41.422 this morning. Link to comment Share on other sites More sharing options...
Guest Posted July 4, 2005 Report Share Posted July 4, 2005 Say you invest 10,000 in currency X and it goes up 10%, good for you, you made 1000 and your balance is now 11,000. OK, next week it drops 10% - same, same right? WRONG! Do the math you now have 9,900 and if this pattern continues you can lose your ass in short order even though it?s trading at the same exchange rate you originally bought it at. Your argumentation is totally flawed. First the conclusion is wrong and second the same argument can be applied to stocks. Best regards Link to comment Share on other sites More sharing options...
khwaimaisabai Posted July 4, 2005 Report Share Posted July 4, 2005 Hi naiv, As one paid to deal with things like this, I agree with you that short time is wrong on the technical accuracy of the statement you quote. Where he got it right was the warning that currency speculation is high risk - so be careful out there. khwai Link to comment Share on other sites More sharing options...
chelseafan Posted July 5, 2005 Report Share Posted July 5, 2005 My currency speculation go's as far as wondering if I will get any change from a 100 baht note when paying for a 90baht drink Link to comment Share on other sites More sharing options...
Guest Posted July 5, 2005 Report Share Posted July 5, 2005 Hi Khwai, I agree about the risks. As an amateur I prefer to trade with shares of companies which I know. I don't have any "feeling" for the currency market ... Best regards Link to comment Share on other sites More sharing options...
Dude_Le_Rude Posted July 5, 2005 Report Share Posted July 5, 2005 My currency speculation go's as far as wondering if I will get any change from a 100 baht note when paying for a 90baht drink well said! :: Link to comment Share on other sites More sharing options...
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