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FX
investing somewhere outside of their family run business. Corporatism has turned investing into something you outsource to Wall St.
Tose from the Greatest Generation would rarely invest in stocks, except maybe in the company they worked for.
Tey bought Government Up late, pouring over account
statements, under the dim glow of candlelight? Is this an audit or a daily routine, not enough day-time to do all the calculations? Or does he do this at night so no one can question the numbers?
Rembrandt: Te Moneychanger 1626
but independent of, a wide variety of asset pricing models. Te profits found cannot be explained by risk if risk premia are constant over time. Inclusion of the home-foreign interest rate differential in computing profits has little effect on the comparison of filter returns to those of buy-and- hold.”
If Forex is truly a reactive solution to a pressured Nixon administration, and still no unified model exists, this indicates that there are large opportunities in trading Forex, like an asset class. will
Tese opportunities exist, and persist, until the
floating currency system is replaced by something else (not likely anytime soon), or there is a unified Forex model that becomes widely proliferated as
much as “Modern Portfolio Teory” is.
Purpose of Capital Markets What’s the point of investing?
• To achieve a return not possible by other activities – (i.e. someone else can do something better than you and achieve a larger profit than if I did myself )
• To act as a savings account for the future
Investors all have an underlying assumption: someone else can do a better job than me. Small businesses, and farmers, and other types of businesses, would never think of
bonds (mostly as a store of value and wealth for the future not to achieve a return), Gold or Silver, and they may have invested in a vacation home or some tools. Tey didn’t buy stocks, but they didn’t have electronic access to the markets or a means to freely educate them, such as exists with the internet.
Trading as an investment
Traders are seen by the retail market as gamblers, high frequency spread betters. Funds, institutions, and some savvy investors know better, but they are the minority. Can active day trading strategies, and other types of real-time trading strategies such as automated Forex systems, penetrate our commonly accepted views of investing?
DBFX, the FX division of Deutche Bank, stated in an October 2008 press release that this is already happening:
“
dbFX.com sees sharp increase in managed accounts as individual investors and managers turn to FX to diversify portfolios.
A managed account is one way FX TRADER MAGAZINE April - June 2012 37
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