Currency Trading - Be careful

**jeffro390** · #1 04-14-2011, 06:36 AM

i have thought about doing some currency trading, but felt i didn't have the stack to ride out the fluctuations. i can see why people don't ride out the fluctuations b/c your broker is stacking the deck against you. the are even pumping it up on CNBC these days.

http://www.statesman.com/business/pe...o-1389441.html

**BUGGS** · #2 04-15-2011, 03:53 PM

Hi risk !!!!

**JimBaker48.8** · #3 04-16-2011, 08:15 AM

"The leverage ratio of 50 to 1 is still 25 times as much leverage as retail stock traders are allowed to use."
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That's scary !
Why the hell is it so easy to make this kind of action legal, but Texas continues to prohibit the legalization of gambling ? Galveston is in worse shape than it's been in for decades since it was clobbered by IKE, and opening up casinos down there would turn their economy around. I say let Galveston native Tilman Fertitta do his thing down there and put the island community back on its feet.

**Ontherocks** · #4 04-16-2011, 08:52 AM

I think I'll pass, I would never be able to sleep again!