The Big Score

We live in interesting times. An individual can now buy $1,000,000 worth of currency with only $2,500 down. That's right, ONE MILLION dollars with only Twenty-Five hundred down. Take a pair such as AUD/JPY where the interest differential is about 5%, that means you can potentially earn $50,000 (5% X $1 mil) a year on a $2500 investment just on the rollover interest. Of course all that glitters is not gold, the position could move against you and whip out your $2,500 in a blink. Nevertheless, the potential is there.

The bloguniverse has opened gems of personal finance and investment blogs which helped inspire this blog in conjunction with a trading competition. I'm am not a professional forex trader, I don't trade currencies for a bank or for clients. I do however trade stocks and bonds professionally for clients and I plan to use some of the observations in other markets which I have developed theories about and put them to work in the forex market. I don't plan to daytrade or use technical analysis as preferred by most participants in the forex market. I plan to position build based on multiday/week moves I think will occur, using a mini forex account (200:1 leverage), in search of the big score. I want to see if I can turn a nothing into something, and maybe if I can do it, so can you!