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> No, national currencies too fail to fit the definition, because people do not "invest" in them with the expectation of gain. The entire forex trading industr
by arvindamirtaa 5y ago
> No, national currencies too fail to fit the definition, because people do not "invest" in them with the expectation of gain.
The entire forex trading industry: am I a joke to you?
- Swizec 5y agoIsn’t forex kind of a joke to everyone? Hearing your friend got into Forex is about the same as when they get into Amway, Tupperware, DoTerra, or Herbalife …
- deleted 5y ago[deleted]
- whimsicalism 5y agoYes, this is true, but at the same time - there are major institutional players and market makers who do make money off of Forex.
- Swizec 5y agoHey Tupperware makes hella money off Tupperware too! Reusing your customers as your sales force, marketing, and distribution channel is hugely profitable.
- sien 5y agoGeorge Soros would like a word. https://en.wikipedia.org/wiki/Black_Wednesday https://en.wikipedia.org/wiki/Black_Wednesday
- qaq 5y agoThe fact that you can name notable exceptions is only reinforces the general rule
- sien 5y agoIt's a 6 trillion dollar a day market. https://en.wikipedia.org/wiki/Foreign_exchange_market https://en.wikipedia.org/wiki/Foreign_exchange_market
- qaq 5y agospeculation is fairly small portion of that market. Companies hedging exposure or just moving money around is the primary driver of volume.
- dustintrex 5y agoForex trading is zero-sum, your expected gain on a trade is zero minus expenses. The average user of forex is moving money from point A to point B and simply trying to minimize their loss. The ones making money in the market are those the other players are paying for the service, and the odd speculator like George Soros who's big enough to exploit market inefficiencies like currency pegs.