Forex Says Dinar bad choice.

[lasagnabro]

I'm not sure if this has been posted before but it's interesting to see how the article fails to mention to vast resources of Iraq and the possibilities vs. negativities.

http://www.fxcm.com/currencies/Iraqi_dinar.html?engine=adwords&keyword=dinar+2

[Blake]

Ha, yeah, I remember coming across that little synopsis as well. Funny how their "leverage solution" would involve trading multiple currencies through their brokerage system.

[Jared]

Another article that shows they don't want you investing in dinar until they are able to provide it to you. I'll wager that page will be quite different once the dinar opens, then it will be "Dinar is the best investment possible".

If they can't make money from you they will say it's a bad investment. I can't wait to give some of those investment folks the finger once this comes out!!

Jared :wave:

[mikexx]

I agree Jared they don't want us to make money, they hate that idea, but by hook or crook, we will.



:D

[ROB5891]

there is absolutely no that knows waht will happen. not pooky or jen or no one. that is why this investment involves risk that has a lot of reward.

[NOTRE DAME FIGHTING IRAQi]

I'm not sure if this has been posted before but it's interesting to see how the article fails to mention to vast resources of Iraq and the possibilities vs. negativities.

http://www.fxcm.com/currencies/Iraqi_dinar.html?engine=adwords&keyword=dinar+2

You would see this kind of language on ANY exotic currency.

The bottom line is this is a RISKY position period.

We are taking posession of the currency if we are holding Dinar, so we have limited our risk. With contracts, we are controlling massive amounts of money leveraged on margin. This begets major risk.

Personally, I don't know if I'll ever get my money back, but it's my "Vegas Money" so I don't really care. Conversely, it has a fun story to it and if the story cashes in, so do I.

As a trader or a stock invester, I would stay far away from IRAQ because the risk isn't worth the reward at this point. The odds are not yet in favor and that's why we aren't hearing positives from names like Jim Rogers, Soros, and others.

While it's always considered great timing to be in something at the same time as, or soon after people like them, it is usually a great thing. Being ahead of folks like that is more rare. Being way ahead of them, could be a bad thing.

BUT - that still didn't stop me from lining the holes in my pockets with a couple of crisp ones. ;)

[ROB5891]

one of my co-workers knows jim rogers and jim rogers even without listening to the iraqi dinar idea said ''short it''. he's against this whole investment becasue he wants the troops to withdraw. he's a hardcore liberal. in other words we are heading in the right path

[highrollr19]

I can't remember who posted this saying... but they said that in the future, you can either look back and be a $700 fool (for buying wallpaper dinar) or a $300,000 fool for not! Which would you rather be! That right there is a no brainer for me!

[NOTRE DAME FIGHTING IRAQi]

one of my co-workers knows jim rogers and jim rogers even without listening to the iraqi dinar idea said ''short it''. he's against this whole investment becasue he wants the troops to withdraw. he's a hardcore liberal. in other words we are heading in the right path

I've always known Jimmy to be MAVERICK, but NEVER a liberal.

[Marilyn]

I think Blake is on to something here... The currency investors who regularly invest via the Forex, would temper the risk by hedging their portfolio with other currencies. Just like a stock portfolio.
I think we are a different kind of speculator. We do not normally buy and sell currency as part of an investment stradegy. We are just regular folks riding the wave of speculation and optimism that has come from the liberation of millions around the world in the past few years.
Jared's point is well taken. All of the currency handlers, banks included, that have been so hush-hush, will be hawking their products once it's available to the world. Don't forget, we got in very early on this, the rest of the world is still waiting... :p

[ROB5891]

well i here he is notre dame. and hey highroller your're right. this investment is the type that one must try even for a couple of hundred bucks not to let this opportunity fly by

[NOTRE DAME FIGHTING IRAQi]

I think Blake is on to something here... The currency investors who regularly invest via the Forex, would temper the risk by hedging their portfolio with other currencies. Just like a stock portfolio.
I think we are a different kind of speculator. We do not normally buy and sell currency as part of an investment stradegy. We are just regular folks riding the wave of speculation and optimism that has come from the liberation of millions around the world in the past few years.
Jared's point is well taken. All of the currency handlers, banks included, that have been so hush-hush, will be hawking their products once it's available to the world. Don't forget, we got in very early on this, the rest of the world is still waiting... :p

Traders typically hedge, speculators are often naked unless holding large gains over the long term (typically, they hold positions over the short haul). Otherwise it is very rare for a speculator to hedge.

It's easy to be hush-hush when you don't care about something because it is so insignificant, it does not even appear on the radar screen. I'd imagine that people in the subways in New England right now don't care how much kids are selling chiclettes for at the Tiajuana border, nor do they care how long the wait lines are to cross into the US.

Same with the Dinar. It is hugely insignificant in the overall scheme of things. When it becomes of importance, you will hear about it every day without having to come here to this little band box ;)