Strike it rich, trading currencies!
http://online.wsj.com/public/articl...-GETCAL76_OmvnT7Q9E_AzWzhefQ_20060726,00.html
Wall St Journal said:Of its 70,000 customers, the firm estimates nearly half of them signed up this year. Customers need a minimum of $2,000 to open an account and can borrow up to 100 times the value of the account, though Mr. Niv says 15 to 20 times leverage is more typical....
As Mr. Niv sees it, foreign-exchange trading is less risky than investing in stocks because currencies tend to move in multiyear cycles, making it easier to spot a trend. "You're trading oil tankers here," he says, "not speed boats."
Yet many of his clients like to race. Vitaly Trushkov, a 24-year-old engineer in Ferndale, Wash., opened a $3,000 account, borrowed three time that much, and saw a 25% gain in two months of trading. "I'd call myself a short-term trader," he says of his winnings.
Still, Mr. Trushkov seems ready to make a deeper commitment to currency trading. "I'm probably going to do this full time," he says. "That way I'll have time at home with my wife and daughter."
http://online.wsj.com/public/articl...-GETCAL76_OmvnT7Q9E_AzWzhefQ_20060726,00.html