Word: trader
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Second, and more important, investing in the Forex is extremely risky - far riskier than the stock market. In the currency market, investing only a small amount of money can give the trader control over a far larger sum. That's because the fluctuation in the Forex is often so minimal that it would be difficult to see any real profit (or suffer significant loss) if trades were done in actual dollars. Brokers won't deal with you that...
...Tang, the 27-year-old bedroom trader, is getting an education. He won't say how much he has lost in the market recently, but after three straight down days ending Nov. 19, he conceded that "it's possible" China might be experiencing the beginning of a bear market. "The market will come back - at some point," he says. But, prodded by his wife, he is now surfing online job sites for employment leads. He'll soon be working for a salary again. "Maybe [day trading] wasn't such a good idea," he says. "It was nice not to have...
...Their total investment of more than $130,000 was a total loss, but at least Lo was in good company. David Price, a horse trader based in Hong Kong, reckons that at least a quarter of the thoroughbreds brought into the city turn out to be financial black holes. He believes owners should pat themselves on the back if they're able to recoup a horse's livery fees through prize money. Snagging a champion horse requires lots of luck. "All the things in a [winning] horse - courage, constitution, the will to win - are things you can't see," says...
...also harder to control pitches and putts with one arm, some players say that on these shorter shots, it's advantageous to single-wing it. "On chips, I see so many guys move their second hand all over the place and get the yips," says Steve Quevillon, a bond trader from Montreal. "We can just let the club do the work." Quevillon, who won the 2006 North American title, is even more unusual: though he has two good arms, his legs were paralyzed in a car accident--so he uses a crutch in his left hand for balance while swinging...
...while eBay decided to build an ecolodge. Since March, the hills of Rwanda have been teeming with thousands of bright green "coffee bikes," designed by mountain-bike maker Tom Ritchey with a lengthened frame to carry a sack of coffee. This isn't all about altruism. Illinois-based stock trader Dan Cooper, who set up Friends of Rwanda with partner Joe Ritchie to coordinate what he calls "this contagious enthusiasm," says: "You get the head of Texaco/Chevron calling Kagame and asking him: 'Can you help me with Ethiopia?'" Meanwhile in Washington, Kagame's new friends fixed him a meeting with...