Investment
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Originally posted by eagle:
I have yet to borrow any capital.
wow.
how did you start off in this stocks derivatives stuff?
awesome. really awesome. -
my mom just quarrelled wif my dad(just a few moments ago) over the position to take for tomorrow.
i was like... pissed.
she forgot the key principle in Forex. never enter Forex with a mentality that i am going to buy/sell for the day. it fuggs up ur gains...i'm going to talk to her later.
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last year I read a retiree borrowed 3m from banks but use his two condo as mortagage, all pumped into capitamall when it was 96 cents if I remembered correctly. capitamall I think share price is now $1.90. I think this guy really earned a lot of dividends and if he sell now, he earned alot thru capital appreciation and can afford to pay off bank interests with spare cash to buy other shares.
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Originally posted by Rooney9:
you need to read alot everyday and have the foresight. but with US and europe in malaise these days, these currencies will depreciate de.
u know, i seriously wonder how the US is doing to work on its debt clock.
n in europe, the austerity measures ain't helping(or so it seems)...
What's next? Asia's next financial crisis? Crap... -
Originally posted by Fryderyk HPH:
my mom just quarrelled wif my dad(just a few moments ago) over the position to take for tomorrow.
i was like... pissed.
she forgot the key principle in Forex. never enter Forex with a mentality that i am going to buy/sell for the day. it fuggs up ur gains...i'm going to talk to her later.
women are emotional creatures. sometimes they can be really a pain. sometimes they are devoid of reason.
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Originally posted by Fryderyk HPH:
wow.
how did you start off in this stocks derivatives stuff?
awesome. really awesome.I haven't. I'm still trying to research why I should or shouldn't. So far I don't need to as my capital is sufficient for myself.
Basically, for forex, I can't fathom the mechanics. To me, one man's gain is another man's loss.
What you said may be true for you, but for now, I still prefer to remain skeptical.
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Originally posted by Fryderyk HPH:
u know, i seriously wonder how the US is doing to work on its debt clock.
n in europe, the austerity measures ain't helping(or so it seems)...
What's next? Asia's next financial crisis? Crap...high inflation lor. very soon the FED is running out of options of keep printing money and money. if you print money, the value will drop/depreciate. it is said the next generation of americans are going to repay the money for these excesses. this century will belong to Asia, if you believe Jim Rogers. last century belonged to US and the previous one, Britain. Asia has done well compared to their american and european counterparts. Asia has learnt its lessons in 97 crisis, remember.
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Originally posted by eagle:
I haven't. I'm still trying to research why I should or shouldn't. So far I don't need to as my capital is sufficient for myself.
Basically, for forex, I can't fathom the mechanics. To me, one man's gain is another man's loss.
What you said may be true for you, but for now, I still prefer to remain skeptical.
actually eagle, to put it in simpler terms.
forex is a damn blardy gigantic market. yes, one man's gain is another man's loss. in forex, we are dealing wif banks and huge conglomerates too. ever notice when a conglomerate says they make a loss, and it is due to currency reasons or part thereof?
these companies usually dabble in forex to multiply their profits, but by doing so, they also are at the mercy of us, we individuals who make small to big gains.
the forex market is just to big for one to find which guy lost the money i made.
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Originally posted by eagle:
I haven't. I'm still trying to research why I should or shouldn't. So far I don't need to as my capital is sufficient for myself.
Basically, for forex, I can't fathom the mechanics. To me, one man's gain is another man's loss.
What you said may be true for you, but for now, I still prefer to remain skeptical.
dun invest or trade what you dun understand. try to learn or read up on forex first. I heard you can open a dummy trading account.
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Originally posted by Fryderyk HPH:
actually eagle, to put it in simpler terms.
forex is a damn blardy gigantic market. yes, one man's gain is another man's loss. in forex, we are dealing wif banks and huge conglomerates too. ever notice when a conglomerate says they make a loss, and it is due to currency reasons or part thereof?
these companies usually dabble in forex to multiply their profits, but by doing so, they also are at the mercy of us, we individuals who make small to big gains.
the forex market is just to big for one to find which guy lost the money i made.
ahhhh!
Okok I understood a bit liao :)
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go listen to what Jim Rogers say in youtube. I always enjoyed what he explains. he has foresight and the knowledge to know what he is saying.
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Originally posted by Rooney9:
dun invest or trade what you dun understand. try to learn or read up on forex first. I heard you can open a dummy trading account.
i believe eagle more or less knows about FX. Just that FX is very intricate, even I don't know some parts of it(and thus I don't do those parts).
Spot forex is the way to go. Buy sell buy sell buy sell. best in these times where everything is so volatile. volatility is good for forex, but as said earlier, high risk, high gain(and also high potential of losses).
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yes rooney that is correct.
eagle, you can try out a dummy account wif philips futures for 1month(that is what i did, and even extended it to 3months).
in fact, the first month, my family was hobbling over the dummy and the real one. really helps.
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when stock market tanked, it is opportunity for some to buy low and woe to those who share price depreciate. there is money to be earned in both shares and forex. you just need to do your homework and know what you are doing. if you have no clue what you are doing and you just trade in forex and managed to earn some money, then good luck to you. but trading shouldnt be just relying on luck. you need knowledge and foresight not luck. luck, you better buy 4-D.
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Originally posted by Rooney9:
when stock market tanked, it is opportunity for some to buy low and woe to those who share price depreciate. there is money to be earned in both shares and forex. you just need to do your homework and know what you are doing. if you have no clue what you are doing and you just trade in forex and managed to earn some money, then good luck to you. but trading shouldnt be just relying on luck. you need knowledge and foresight not luck. luck, you better buy 4-D.
gosh rooney, u seem more experienced than me
even i most of the time struggle to find the link from the stock market(dow) to USD. very hard leh.
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Originally posted by Fryderyk HPH:
gosh rooney, u seem more experienced than me
even i most of the time struggle to find the link from the stock market(dow) to USD. very hard leh.
no lar still learning. since u got spare cash, why not use 1-2k to buy shares to learn. if you got enough money in your CPF, you can use up to 40% of CPF to trade in shares.
my friend told me about forex that he whetted my appetite on forex liao. maybe I go trade in forex after reading and finding out more and open a dummy account first.
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Originally posted by Fryderyk HPH:
gosh rooney, u seem more experienced than me
even i most of the time struggle to find the link from the stock market(dow) to USD. very hard leh.
you need to read alot. I like reading and listening to people like Jim Rogers, warren buffet, nouriel roubini (Dr Doom), krugman etc. these are the guru where you can learn from.
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Originally posted by Rooney9:
no lar still learning. since u got spare cash, why not use 1-2k to buy shares to learn. if you got enough money in your CPF, you can use up to 40% of CPF to trade in shares.
my friend told me about forex that he whetted my appetite on forex liao. maybe I go trade in forex after reading and finding out more and open a dummy account first.
shares? no thank you. will get very confused with forex and stocks together.
there are some terminological differences(pips etc) with stocks. i'd rather stick wif one.
Or maybe go into gold... hmm with gold going into 1.2k territory it seems quite a jollystick. -
Originally posted by Fryderyk HPH:
shares? no thank you. will get very confused with forex and stocks together.
there are some terminological differences(pips etc) with stocks. i'd rather stick wif one.
Or maybe go into gold... hmm with gold going into 1.2k territory it seems quite a jollystick.if u r rich, u can invest in gold. it can also appreciate to 2k in these day and age of economic uncertainty, no thanks to the US sub prime, dubai debt and now the europe debt. gold are safe to invest in these tough times, as proven historically. Jim Rogers owned gold and silver and many other commodities
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Originally posted by Rooney9:
if u r rich, u can invest in gold. it can also appreciate to 2k in these day and age of economic uncertainty, no thanks to the US sub prime, dubai debt and now the europe debt. gold are safe to invest in these tough times, as proven historically. Jim Rogers owned gold and silver and many other commodities
i heard about that 2k gold story, about it going to 2k by the end of 2010.
skeptical about it hitting that in 2010 but yah, won't doubt that it may actually go that high.
eagle go orh orh already ah? lol i wanted to ask about stocks and ETFs hahaahaha!
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Originally posted by Fryderyk HPH:
i heard about that 2k gold story, about it going to 2k by the end of 2010.
skeptical about it hitting that in 2010 but yah, won't doubt that it may actually go that high.
eagle go orh orh already ah? lol i wanted to ask about stocks and ETFs hahaahaha!
even jim rogers wont know if and when gold will reach 2k. no one will know one lar truth be told. last time oil price say will rise to 200, but the most is 140 nia. now price of oil is 79 I think.
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Originally posted by Fryderyk HPH:
i heard about that 2k gold story, about it going to 2k by the end of 2010.
skeptical about it hitting that in 2010 but yah, won't doubt that it may actually go that high.
eagle go orh orh already ah? lol i wanted to ask about stocks and ETFs hahaahaha!
I doing other things la
No need ask about stocks and ETFs la. You can earn more from Forex, so stocks and ETFs will be useless for you. Serious.
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but must remember leh. the offshore banks charge 40% "interest".
that bleeds into profits. after all, i need to spread the eggs around, not keep them all in Forex. u nv know when you can get badly hit.
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anyone knows how to open an account to buy gold? read that you need to open an account with some investment houses and local banks. in times of crisis, gold is a safe haven.
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Originally posted by eagle:
I reduced posting there liao... just post on my blog only...
Elliott waves are cool :)
So what do you think of eagle's post recently? Do u think we will meet a new high soon?