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A comment on Why forex trading is exploding across Africa. Parent comment

Re:Why forex trading is exploding across Africa by PragmaticPulp on Tuesday March 09, 2021 @10:51AM (#26399969)
> The GME craze doesn't rely (or at least doesn't appear to) on people joining and perpetuating the scheme.

Yes it does. The entire WSB narrative encourages everyone to buy more GME and never sell it. They’re not doing this as a favor to readers. They’re doing it because encouraging others to buy and hold is what drives the price up. Their “mother of all short squeezes” theory doesn’t match reality at all.

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Re:Why forex trading is exploding across Africa by vmception on Tuesday March 09, 2021 @01:05PM (#26401560)
I love how the options spread traders are flying completely under the radar.

I have never seen a more lucrative spread market.

Every time these diamond handers have this thing range bound for a few days, spread traders are making like how many percent? A hundreds?

Sure these occasional blow offs can wreck the position, but its limited risk.

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