Quote:
Originally posted by alphagam-alum
My sales decisions were based, not as a trader, but on need in the accounts I maintained. If I would foresee a need for funds in the very near future I would monitor currency values and decide the best time to buy. The company held interests in Canada and Europe. I primarily dealt with CDN$, Pounds, French and Belgian Francs, Lira, Marks.
We maintained most of our foreign funds in the form of Pounds, if the rate was good between US$ and Pounds, I woud increase our holdings. As the need for other funds would arise, I would sell our Pounds for whatever other currency I was needing.
-wendi
and edited to add--- while in grad school and while working in finance --my finance dream job would have been futures trading in the commodities market.
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So you just purchased currency? I've done that for my own accounts but didn't realize people made a business of it. I just want to be positive you weren't doing FX trading or any interest rate derivatives.
The question is what commodities? Please tell me it's not something boring like beans. Those traders stand around in the pits and are waiting for closing most of the time. Sorry I can't imagine you in any other area of the floor because you generally have to be pretty aggressive and, often times, male. If I'd gone into trading, I probably would have gone with a sexy shop as opposed to a bulge bracket so i wouldn't be doing paper trades for years before they even let me touch the real stuff and probably on eurodollar options. I think I'd do well on the floor but I'm pretty worried about being hot-headed down there and getting a hefty fine.
I think you should ask your broker to approve you for options trading and see what you can do with a couple g's.
-Rudey
--Just don't blow the account
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