Hi Michael,

Interesting observations.... :)

I guess it could partly be about instant gratification.... I guess it's dogma that instant gratification is more appealing than having to wait.... :)

And also the risk factor can be very exciting! There's one guy I know, he's a retired security guard.... He's day-trading with around $60,000 (his life savings so far).... I honestly don't know if he's making money or losing it, but (for better or worse) he loves the thrill of moving so much money around....

Though that's nothing....

Willy (the FX futures broker/trader I've mentioned before) told me that his biggest trade as a broker was 1 billion German marks on behalf of a bank....

(That's a bit over US$400 million today, though back then it probably would have been closer to around US$700 million.... It ain't peanuts!)

He said when that order came in, his heart started to thump! (Apparently these FX futures brokers have to pay for any errors they might make -- like if their fingers slip on the keyboard -- out of their own money!)

He told me that trading several million dollars worth of FX futures contracts at a time feels like nothing to him now.... He's done it many many times every day for 26 years....

But hundreds of millions of dollars worth still gets his heart thumping!

By the way, Michael, I've been looking through your site again, and you have a GREAT tips section, with some great tips! I've found myself looking through the newspaper classifieds regularly on the basis of some of your advice.... :)

Dien Rice




The Michael Ross Zone.... :)