I have a very basic question.... If you buy a currency future contract such as JPY and the contract is moving up, does that mean the US dollar is getting stronger and yen weaker, or the other way around? Thanks for any help.
LOL... Nitro, can you name a time that there was not any crooks in the market. The game has always had crooks, it is the nature of markets. Just be happy that the volatility is back, easy money.
This chart shows a reversal of large and small traders from net long to net short. Any views on how to interpet this change? I wonder if it could be a sign of the rally topping out.
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Thanks for your reply.... my question was posted in response to another thread where many are discussing how they doubt the possibility of making $300-$400 per day. I am wondering how people view it from the flip side.
The 10 Best Quotes From Wall Street 2:
#7 On buying a house in 2007
POOR MAN: I'd like a mortgage... I don't really have any money though... is that cool?
BANKER MAN: Totally cool. Since housing prices are always going up it won't be a problem.
POOR MAN: You guys are awesome...