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A comment on Tens of thousands of Japanese housewives drawn into currency day-trading, lose billions. Parent comment

Re:Tens of thousands of Japanese housewives drawn into curre... by Jd on Sunday September 16, 2007 @11:23PM (#55514)
I once considered taking an $899 course on currency trading from FXCM.com, so there must be at least some people who think they can teach it and others willing to pay to learn.

Also, with other i-banking specialties you need a larger supply train, including data gathering, analysis, packaging (as a fund) and marketing. With technical trading all you need is your computer and you. Why would a young person who is skilled at technical trading work inside an investment bank? How can you be sure that there aren't thousands of skilled traders making a killing from home? Isn't this sort of like hackers?

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Re:Tens of thousands of Japanese housewives drawn into curre... by menloparkbum on Sunday September 16, 2007 @11:41PM (#55520)
> I once considered taking an $899 course on currency trading

Why would someone who knew how to trade bother selling an $899 course? They'd be making 10-10000 times that, trading.

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Re:Tens of thousands of Japanese housewives drawn into curre... by kf on Sunday September 16, 2007 @11:51PM (#55524)
Because there is no risk in selling an $899 course, just profit.
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Re:Tens of thousands of Japanese housewives drawn into curre... by Jd on Sunday September 16, 2007 @11:46PM (#55521)
I also wondered this. Perhaps they like teaching?
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Re:Tens of thousands of Japanese housewives drawn into curre... by alaskamiller on Monday September 17, 2007 @12:11AM (#55532)
Because it's an elevated version of the good ol' SCAM. Akin to the "Learn how to sell on eBay" or "How to buy and flip a house" pitches that you see often. How good of an education can you buy for $899?
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Re:Tens of thousands of Japanese housewives drawn into curre... by Jd on Monday September 17, 2007 @12:15AM (#55534)
Probably not a very good one - but what do I know I didn't take the course. Btw, I've heard from folks that flip houses that at least some of the workshops are legit.
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