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Old 07-11-2005, 12:39 PM   #21 (permalink)
wdevauld
Tilted
 
Location: Calgary, AB
Interesting

Quote:
there's no free money (ie: money comes from somewhere, you have to take it from somebody),
Not True. There is closed systems of money, but the international currency exchange is not one of them. It is true that if you are trading on the futures market or even playing poker, there is only so much money in play. In order for you to make money someone else has to lose it. This is not true for the currency markets, as each country has the ability to generate more money. There is far more money on the planet now, than there was 10 years ago. Since the currency market depends on so many indicators, not just the amount of money printed in a particular country (Although it does effect CPI, and eventually the ratio towards other currencies), it is possible for money to be 'generated'

What intrigues me the most about this is the difference in numbers. I've done some research and there are people out there touting 400% in a month. Some training programs have testimonies of month after month of 40%+ returns. If you can truely come up with a systematized way of making 40% per month, why isn't eveyone doing it? Why are we not seeing 'Currency Houses' which take your money and use their system to get the 40% return, take off 5% as a 'management ratio' and let you have the 35%? Playing the spread game is what has made the banks rich....

This just seems a little too sweet to me, but I'm skeptical by nature and by training.
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Last edited by wdevauld; 07-11-2005 at 12:46 PM..
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