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Good Evening RealTraders:
Been trading the forex market for over two years. I wouldn't go back to the
CME and trade ever again, even with your money. The forex market is by far
the last bastion of pure capitalism. However, it is not without its
pitfalls. There is no regulated exchange and pricing can vary around the
world at times. Dealers can screw you if you are not savvy. Due diligence of
your dealer is important. I have spent, and continue to spend a significant
amount of time with due diligence. There are plenty of scam artists out
there.
The forex market is huge. One days trading volume in the forex is greater
than all the other exchanges combined throughout the world. The ultimate
liquidity. If you would take the time to examine the annual reports of a few
large international banks, you would find that a significant portion of
there profits come from trading the forex. Some as high as 50% at times.
After managing stock portfolios for pension plans for 15 years, I have found
a way to have fun and make money. My hours are great too. I start trading at
04:00 MDT and finish by 11:00 MDT. You don't have to keep these hours, but
they are the best time to trade. Both London and New York are trading during
these hours. This leaves me the rest of the day to do what ever I would
like. Golf mostly.
Well, I think that is enough for now. If you have any more specific
questions, fire away.
Sincerely,
Richard Chehovin
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