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Friday, 04/27/2007 3:37:21 PM

Friday, April 27, 2007 3:37:21 PM

Post# of 143047
A bit of Forex talk (just as a reminder) I subscribe to SFO magazine (stock futures and options). It is a great resource on trading and the markets, more towards traders, rather than personal finance like Money would be. (check out SFOmag.com you can get a free subscription) Anyways, in the march issue, it was dedication to forex markets. As we know it is a 1.5 TRILLION dollar market. It aslo has BOOOOOMED in the last 2 years. Many brokers continue to see the same growth continue in the future.

Now I have been trading currency using FXCM and in certain times during the day, they modify the PIP spread (for example the EUR/USD used to be 3 pips, but now it sometimes fluctuates between 2 and 3, which is REALLY ANNOYING). Now any professional or active currency trader will find this annoying I guarantee! Once Espirit gets established their fixed 2 pip spread (and can someone that has used their demo verify, they have 2 pip spread on all major currency pairs? or just a few active ones) I think they can have huge potential from this alone. FOREX will be huge, especially since it is world wide.

I think the debt and card processing is big too, but that carries a bit more risk, stay tuned for another rant on the other financial products, this was my forex rant...

All in my own Opinion, Not a Recommendation!!! But let's try to make some money!