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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: NOW who wrote (89144)	7/1/2002 3:13:26 PM
From: t2	Read Replies (1) \| Respond to of 99280

set up a currency trading account. Trading currencies in pairs for example Dollar/Yen or Dollar/Euro. 50 to 1 Margin at most forex traders. The margin is what makes it interesting; of course there is great risk in using so much leverage..but the choice about how much to use is up to each individual. For example $2k will allow one to buy 100k...and a 2% move in the currency would mean a double. That is the example but I would use a lot less leverage given how the Euro has already strengthened from 91 to 99 already. Nasdaq looks dangerous today; Dollar index is actually up and the market is declining; that is inconsistent with what we have seen in the past couple of weeks. What happens if dollar starts to give up its gains today and start plunging....could be trouble for the markets. edit: you never know, the FED and Europeans/Japanese could be in the markets supporting the dollar again (as they did friday) as they see a sharp drop further as too dangerous for the world's financial markets. Considering that about 75% of the world's reserves are in dollar, I don't blame them for trying.<g>