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Re: STRONGUS post# 7728

Sunday, 02/11/2007 10:40:34 PM

Sunday, February 11, 2007 10:40:34 PM

Post# of 143048
Thought I'd throw in my little bit of knowledge on Forex, which I do trade. 2.7 trillion might trade in a day, but that's not revenue. When you trade Forex, you don't pay any broker fees. They make money off of the spread....in other words, think of Forex bid/ask like that of the MM's on CHNW. With Forex the spread is ALWAYS the same depending on what broker you use. Example, if the dollar was trading and 1.00 equals 1.00 EURO, the bid ask would be .97 long, 1.03, short (the decimal points would be even more, but I'm trying to keep it simple). So if I thought the dollar was going to go up....I could buy the dollar for .97, right off the bat I'm down three cents, hoping that it goes higher than the three cents to break even and get a profit. If I think the dollar was going down, it would cost me 1.03 to short it, with the same scenario in mind. The spread is where the broker makes the money, so the revenues are WAY below the amount traded per day, but very lucrative nonetheless....BTW, got 1.5 mil CHNW shares @.0002, great lotto pick IMO.

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y