FX market FINISHED?

[striker32]

clear, concise and most important it fits self interests of gov and the "follow the money maxim" If they want to tax forex, why would they do anything to slow it down?
like smoking. we don't care if you die just keep smok'in, just show us the money to pay the lobbyists and pols. Any one read Animal Farm? orwellian double speaks, pc, lying, immoral, kill you, your family and grand kids with taxes, kill your country. But just keep me "looking good" , "free meal, penecillin, glutonous take-out" oh and not believe a long shot "green without science, same as evolution". Other side same just give me the money, so I can not live to my platform tenets, let alone the B of rights or constitution or for that matter break contracts cuz the guberment says its ok to retro tax cuz we like the power and americans are illiterate, dumb, ignorant and worrying only for themselves also and their next 6'er and yes I screw everyone else without fear of retribution. oops got a little exited there. those are all lies and non-sense, it could never be so.

[VulcanClassic]

Let's see what the G20 meeting brings. Very scary stuff indeed.

[TrooperCooper]

From what I read in the german media, China, Russia, South-Korea, Brazil, India and South-Africa are already supporting the installation of de facto fixed foreign exchange rates based on the Special Drawing Rights of the IMF. Russias Prime Minister Medjedew (spl?) said today that he wants to bring that up on this weeks G20 meeting...

[edacsac]

So was there any real verdict to the summit or any answer to whether it's worth putting in years of practice to a market that may disappear?

I kind of wandered back looking for indications myself. I gave it all up for the single currency reason myself, but enjoy the whole forex thing so I thought I would see what the opinion on this was.

When you look at the housing market and possible control of people, there are coincidences. The easiest way to control people is through money, and a more effective way is through debt. With the old belief of your home being a long term investment and a very good place to put your money, an unfathomable devaluation of home prices is a great way to destroy wealth, immobilize people and ultimately control them by creating more debt then the home is worth. It effectively punishes even those folks that are diligent with their money, and puts them in a position to need government help. I suppose the same thing for those retired previously living off of 401k's and such. Much of that wealth was also terminated, creating poor out of the diligent, now needing handouts as well.

If you have one currency and little place for speculation, you eliminate another opportunity to create wealth on an independent scale, or any faster than what a fair wage brings home. If your debt is always greater than your income, your a slave to the system.

[rtv2]

Edacsac: Continue in the forex, what you learn from forex transfers to the other markets as well, both in the technical and fundamental aspect. (I still believe VSA belongs within TA). If that which Tyemn1 refers to comes about you have two choices, take it or don't. (Rev 14:9-11)

Tymen1: There is an avenue "Off topic Central - The Melting Pot" (Mat 18:20). Who cares what anybody thinks, and i do believe you have a calling.

With that said, have you Acts 2:17?

[forexexchangeguides]

hi,

hope expert trader will give a good tips or info about forex trading. some of newbee make a mistake in their step.

may questions is

how to be good trader in the forex market? is it the correct way to jump in this field?

regards,

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[TrooperCooper]

Originally Posted by edacsac

If you have one currency and little place for speculation, you eliminate another opportunity to create wealth on an independent scale, or any faster than what a fair wage brings home.

Creating wealth on an independent scale? With Forex? Sorry m8, but foreign exchange trading is speculation. A zero sum game. No wealth is created by speculation. Your gains are someone elses losses (if not a speculator, then the societys as a whole). If I'd have to put it into some drastic words, I'd say us speculators are vermin. And there are very good reasons to eliminate excessive speculation abilitys with regulation.

I dont mean to step on anyones feet here. Everyone is entitled to have an opinion and I am learning this stuff myself. But for other reasons and with a different "morale legitimation" than "creating wealth" I guess.

[Jason Rogers]

Originally Posted by edacsac

So was there any real verdict to the summit or any answer to whether it's worth putting in years of practice to a market that may disappear?

There was an important statement made by China at the G8 Summit

"We should have a better system for reserve currency issuance and regulation, so that we can maintain relative stability of major reserve currencies exchange rates and promote a diversified and rational international reserve currency system,” said Mr Dai, according to the Chinese foreign ministry.

[edacsac]

I wasn't addressing any moral considerations, although I do agree that speculators sit closer to vermin then selfless folk. But if you are good, you can create (take) enough wealth to handle all your needs and some of your wants with forex. Many folks do; they just take from the losers. It's all really a gamble of sorts. It's just that the winners work inside reasonable probabilities. But you are correct, no wealth is actually created from scratch. And if everyone was a good trader, there wouldn't be any money to make I suppose... My bad in the wording I chose.

[edacsac]

Originally Posted by Jason Rogers

There was an important statement made by China at the G8 Summit

"We should have a better system for reserve currency issuance and regulation, so that we can maintain relative stability of major reserve currencies exchange rates and promote a diversified and rational international reserve currency system,” said Mr Dai, according to the Chinese foreign ministry.

So I wonder what that means really. That the chosen reserve currency(s) should be immune or at least resistant to price fluctuation? Would that statement lead us to believe that the forex markets would be in danger if that statement was realized?

Or is that statement based on China being stuck with falling US dollars as their reserve currency. Or could it be the fear of chinese exports being worth less to a ongoing weaker dollar?