
04-30-2007, 08:18 PM
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Super Moderator
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Join Date: Mar 2006
Location: N. CA
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Quote:
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Originally Posted by Titan
Okay, so someone explain to me what the heck this FOREX jibberish is anyways... Give me the 411 in Basic Titan terms...lol
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Foreign Exchange Market.
Buy and sell currencies.
Way more TA-based than stock market, with exception of economic report releases (but even then, it still observes basic TA rules).
Biggest positives - no millions of charts to scan, PRs and rumors to read, board pumps and dumps to worry about; 24 hours a day, from Sunday afternoon to Friday afternoon. No 25k requirement to daytrade, you can short and hedge all you want (you can start a mini-account with about $250, maybe even less) etc etc etc.
Biggest negatives - 24 hours a day, from Sunday afternoon to Friday afternoon 
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