Is trading foreign exchange harder than trading stocks? Why?
Most of these answers, and people I've talked to in general, tend to focus on whether the game is hard or easy to play. In reality, what matters isn't the game, but your opponents. You will make more money playing the hardest game against idiots than playing the easiest game against geniuses. So the more important question is, who are your opponents in the FX game and in the stock game, and might you have an edge over them? Both are incredibly hard, since when it comes to a game of money, people work hard and idiots are constantly being scrubbed out of the game. But in my experience FX is the easier game to make money at for the following reasons:1. Stocks are the biggest and most followed market in the world. This means you are competing against more people who work harder and dig deeper. The market has been studied for a long time and is relatively efficient. 2. More importantly, there is a TON of insider trading in stocks. Unless you also have insider knowledge, that is a huge edge your opponents have over you. SAC made all that money over the years from the suckers in the markets who didn't have access to insider information. You know what they say in poker, if you can't spot the fish, you are the fish.3. The opposite happens in currencies. A huge portion of the currency flows are central banks who aren't always out to make money, but often to implement particular economic strategies. This means that if you can understand their motivations, it is possible to sustainably make money off of them.
What is the best line said by Rachel Green in Friends?
I remember the episode - The one with George stephanopoulos .Rachel was sad because her other friends met her and they were getting married,pregnant or promoted. so monica and Phoebe tried to cheer her up. Phoebe said that she (Rachel ) can be like jack with magic beans and that she'll definitely find some magic beans. But all of the three end up being depressed . Later when the boys return from a soccer game , they all play twisters .That's when the visa card company calls again to check if Rachel was fine. Chandler answers the call.Chandler : It's the visa card people.Rachel : ( to chandler) Will you take my place?Chandler : All right.(on phone) Yes this is Rachel.Then chandler takes Rachel's place in twisters and Rachel answers the call.Rachel : Well, thanks but I'm okay.Ross : To the green.( Everybody falls and start laughing)Rachel : (on the phone) I’ve got magic beans (looking at her friends laugh)I really loved the scene and it brings tears into my eyes whenever I watch the scene.This makes me envious of Rachel…… Even I want these magic beans in my life. That's why I think this is the best line of Rachel green in friends.This is my first answer on quora. Hope you like it!!