Discussion of Forex Trading and Currency Trading

WARNING! Do you know how to spot counterfeit US currency?

March 15th, 2009 stanley

I ask because at the place where I work (Turtle Creek Casino and Hotel, near Traverse City, MI), we recently found several fake twenty-dollar bills. Other businesses in this area, and other tribal casinos around the state of MI are spotting them, too.
Here's what to look for:
The bills will look like the newest twenties, but faded.
They will be missing the little printing on the face of the bill.
They will either be missing the little strip which is embedded in the paper or have the wrong strip. They may also be missing, or have the wrong, second picture as a watermark. What may be happening is people taking five-dollar bills and bleaching the ink off of them to use the paper.

By the way, if the Jackson whose picture is on your twenty is Michael, you probably have a fake.
You have been paying attention. Good.

Can a country print (currency) its way to prosperity? If not, then why's Obama given a free pass by the left?

March 15th, 2009 stanley

Can Anyone Recommend a Good Forex Robot?

March 15th, 2009 stanley

I've recently started trading forex online and have heard about forex robots that can trade currency pairs automatically for you.

I would like to know if anyone can recommend a good one and if so, what they like about it?
It has to be completely "hands off" - not just one that gives you signals which you then have to trade manually. This robot (some call them 'expert advisors') has to do everything for you … and make good money (of course!) with minimal drawdowns to your account balance.

Forex: Can you lose more than your initial investment?

March 15th, 2009 stanley

If you bought Dollars against the Euro with the expectation that the dollar will go up and it doesn't, what happens then? If you bought that currency with leverage, will you be expected to pay ALL of the money of that trade? Basically what I'm asking is: Can you ever lose more than your initial investment?
If I lost my initial investment, fine, it's not that big a deal. But if I screw up using my initial investment and I'm held responsible for a few hundred times my initial investment, it may cause some problems.
Any help will be appreciated.

Money vs Currency…?

March 12th, 2009 stanley

Money is NOT the same as currency , anyone know the difference plz??

What's the difference between fiat currency and monopoly money?

March 12th, 2009 stanley

Can anyone recommend a good FOREX auto-trader?

March 12th, 2009 stanley

I want to get into foreign exchange trading and have been looking into several different expert-advisor autotraders, but was hoping that there would be some people on here that have used one or two and could tell me which ones they have used and liked and which ones to stay away from. Thanks in advance for your posts!
* If you could please leave some details (numbers) about how successful or unsuccessful you were, that would be great… thanks!
** I noticed that Tori retracted her post, well done calling her out on that Ted.
*** Knowledge Base, thank you for the post. I certainly agree that it is imperative to learn about the market prior to buying any automated software. However, I know that some legitimate and extremely successful investors do utilize computer software to aid them leaving me to believe there must be a credible sytem in existence. However as you also noted, if you are in possession of such software, where is the incentive to share it with others.
**** There have been a few different posts that have recommended FapTurbo, does anyone have anything negative to say about this autotrader? I have done some searching myself and have also come across some good reviews for this program, but I'm always hesitant to trust the reviews I see on websites as these people often have deals with the people selling the program. Thank you everyone for your posts so far.

Does anyone use FXCM Micro as their forex broker?

March 12th, 2009 stanley

I have 2 questions. Is anyone using FXCM Micro and is anyone making a living from trading micro lots ie: are you able to make weekly or monthly withdrawals? Their margin is attractive and would love to get to 250k multiple (currently at 10k) Any thoughts on FXCM Micro would be appreciated. Thanks

Is it legal to right, (tax cheat) on our paper currency ?

March 12th, 2009 stanley

Because the treasury secretary Tim Geithner was a tax cheat.
Allot of people are doing it.
Seen it on T.V. yesterday.

Currency Conversion…GBP to USD?

March 12th, 2009 stanley

I'm planning on ordering something and shipping is going to cost £1.50. Which type of currency is this? Is it United Kingdom Pounds, or European Pounds?

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