However, finding a good opportunity tends to leave at least some cash floating around. Aside from dumping it into a placeholder stock like BRK.B, moneymarket, etc. I am interested in utilizing, to some small degree, daytrading.

Basically:
(1) How is risk managed in security day trading? Forex trading?

(2) Do the few successful traders operate by intuition or determinism?

(3) How wide of a scope to most traders take? Ten stocks? One hundred? All of them? Similarly, how wide of a scope do forex’ers employ?

(4) Is there a way to get a hold of raw market data, outside of the wacky software like eSignal, etc?

Please do not try and pitch a trading system. Thanks.

Myrtle

I found one of the reasons very surprising. It said that it is morally reprehensible for westerners to come to Thailand in order to buy sex, given that foreign exchange rates are favorable to westerners, and as a result it is much cheaper to buy *** in Thailand than in their home countries.

Clearly, one can find many legitimate reasons to argue against prostitution. But is this one of them?
It strikes me that westerners in Thailand are not just benefiting from the ForEx rates for buying ***. They are benefiting every time they spend money in Thailand, whether its for food or hotel or anything else. Is that morally wrong? Are they “taking advantage”?

Terra

Lets say (for example) that I made $40,000 doing the Consulting work and LOST $20,000 doing the Forex Trading.

Can I fully write-off that $20,000 loss and only pay taxes on the $20,000 net? If so, what documentation do I need and where do I put it on my tax form?

Thanks!!

Hal

I am comparing a possible benefit compared to using Forex Foreign Exchange software that trade currency.

Is it anything different or is it better to show up at the NYSE or Dow Jone Merchentile trading?

Johnathon