Tens of thousands of Japanese housewives drawn into currency day-trading, lose billions

Post by kf » Mon, Sep 17, 2007, 3:51 AM UTC

menloparkbum wrote: post #9

Jd wrote: post #8

Earlier quoted context omitted.

I once considered taking an $899 course on currency trading from FXCM.com, so there must be at least some people who think they can teach it and others willing to pay to learn. Also, with other i-banking specialties you need a larger supply train, including data gathering, analysis, packaging (as a fund) and marketing. With technical trading all you need is your computer and you. Why would a young person who is skill…

> I once considered taking an $899 course on currency trading Why would someone who knew how to trade bother selling an $899 course? They'd be making 10-10000 times that, trading.

Post by Jd » Mon, Sep 17, 2007, 4:15 AM UTC

alaskamiller wrote: post #12

Jd wrote: post #10

Earlier quoted context omitted.

I also wondered this. Perhaps they like teaching?

Because it's an elevated version of the good ol' SCAM. Akin to the "Learn how to sell on eBay" or "How to buy and flip a house" pitches that you see often. How good of an education can you buy for $899?

Post by steve » Wed, Sep 19, 2007, 6:26 AM UTC

thomasp wrote: post #5

steve wrote: post #2

"There are strict taboos against money that isn't earned with sweat from the brow" A relative of mine grew up with many orientals and she too holds this attitude. It seems very strange to me but now at least I know where it came from.

You know that is a good attitude for society. It is only during financial bubble times that people develop the flip-it mindset. I am a PG fan, but the only thing I am not a fan of is his built-to-flip mindset. The coming downturn will cure it - most companies aren't going to find sugar-daddies, so would actually have to figure out a way to make it on their own ...