Day traders allow the financial markets to put a price on the companies that are such a constant vital part of international financial and especially foreign exchange forex markets. Whether it is companies that produce products that are the stock and trade of consumer societies or the financial market and markets of international economies and global trade through the exchanges and trading of foreign currencies on a daily and regular ongoing basis its all the same. Day in and day out the flow and outflows continue- a dollar here , a yen here a mark or ruble there. Money and currencies continue a regular flow just like a river of water. Where they flow , persist to flow and change directions of avenues are the only changes - not the flow of the currencies and the trading itself. Its only the trading patterns and the accumulation or loss of net wealth and earnings at the end of the fiscal time periods that matters in the end.
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Whether it is tulip bulbs , precious metals , real estate , mutual funds , lottery tickets , football games or “penny stocks” , human nature is human nature. Ignorance , greed fear and hope usually if not always determine how people act - and as well those that prey on them. Its the same matter to a great degree even the greatest degree in determining how the markets and financial futures react and behave. How low can prices go or how far can they be driven up. Always people have speculated on one thing or another. Some of it can be explained by social activities and interaction - however the largest share no matter what - is the role played by simple greed. For the last hundred years and certainly into the foreseeable future. speculating on stock prices and currencies offers liquidity , combined with legitimacy and purpose. Both financial currencies futures trading as well stock speculation have become essential and vibrant of both our economy and our lives. Trading is just another word for speculating . Investing in the end is little more than speculation and speculating except for the longer time spans and horizons and for some reason implies less risk taken. Traders buy stock , or any other object of speculation because they anticipate good price appreciation over time.
Speculation and gambling can be said to be quite similar , but with a few important distinctions. One difference is the perception , sometimes true , that successful investors profit due to their skills or an unseen advantage. while gamblers prosper on change or pure luck. Another distinction is that gambline in most forms has been illegal for the better part of the century - that is unless you are government involved in a government run casino. Those in power make the rules to their liking . Once hooked as a “source of revenue” few government give up a major source of income. What a private individual or the mob could never dream of doing - government with the faceless bureaucrats do routinely. Financial speculation has played an important role in our markets, international markets and exports - and ultimately the world economy. These important distinctions , make speculating an accepted occupation in our society and gambling nowhere near as desirable - indeed sometimes gamblers are seen , like alcoholics , or sex addicts as downright deplorable. Whether a gambler , a speculator or a financial currencies trader the end goal is always the same - the chance and chances of making a pile of cash money in a short time - or even in a hurry. It is the immediate measurable gratification of a win that makes what might be considered games irresistible , even unpredictable . However on the other hand significant reinforcement patterns make them even addictive.
The art of speculating in one form or another has been around since the dawn of time. Just look at the major commercial uses of the internet - pornography and gambling. True gambling or such endeavors as card playing are strictly a social activity - as Mr. Morris Brown - pointed out the other day in a discussion at a local burger king. He told the crowd - that as long as you are having a good time , its just a few dollars , for entertainment no harm done. So be it.
You can absolutely sure of several things marks prominent economist M. Labovitch. They are that there will always be people to speculate , history will repeat itself and that Mr. Brown is a fool and a stupid man.
Sure enough the object of speculation may change, the rules may change , technology and forms of communication may change but at the end of it all - someone else may have your money. It used to be that was the town low life or criminal. Not its either your local “financial planner” , some big shot on wall street , who after setting up a no-lose financial rescue plan for his firm. Its either a financial collapse and the federal government bails us out , while in the process awarding themselves obscene bonuses.
Its only a matter a size of the take . However it has gotten to the point that the party may over.
As CNN reports “Wall Street now has a new worry: bonus season.
There are already rumblings that the notoriously lavish payments for bankers and traders could be cut in half from a year ago, following what has been an abysmal year for the securities industry.
Just a year ago, the bonus pie was worth about $33.2 billion, which broke down to an average of $180,420 for the more than 180,000 individuals employed by Wall Street firms at the time, according to the New York State Comptroller’s office.’
You can count again on several certainties in life - greed , greed and greed.
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