Search results

Seems like a high risk of failure and much effort. Profitable trading does not demand a band new strategy which the trader just invented. Why not pick up a proven strategy from the public domain for the price of a seminar or a couple of second-hand books or a few hours browsing? Or even buy a...

If you want to have employee status, why not pick something easy, low-stress, secure, with a good pension plan, that engenders transferrable skills, alongside congenial people, in a pleasant location? I can't think a trading desk offers any of this. A reasonable job will get you stability...

Yes, at a loss of -2r during the day I would keep going. Results so far say that a smaller loss during the session can often be re-couped but a loss of -3r cannot be won back that day. So -3r is the red light: I keep going until I hit the red light. 'Course I would love to hone it down to -2r...

This is a standard term in all T&C's as a protection against money laundering. In a case where e.g. a credit card has expired in the time period between deposit and withdrawal, all the client needs to do is secure documentation from the old credit card issuer to that effect and the re-payment...

Worst 10 film genres - 1. Horror (except The Shining) 2. Super-hero 3. Musicals (except Cabaret) 4. Buddy 5. Rom-com (except Manhattan) 6. Westerns 7. Fantasy (except the Lord of the Rings trilogy) 8. Martial Arts 9. Anything by Jane Austen 10. Boxing

Oanda have clearly explained the issue and they are just doing what any other reputable and well regulated broker would do. Which is to ask for proof of what you say before they believe it. As you have closed the first account with Deutsche, you must have some evidence from Deutsche that the...

I don't track the usual trading metrics like winner/loser streaks, win rate, winner:loser ratios etc. Once you have a consistent strategy, knowing these things will just play games with your mentality. I track £ net profit and % net profit per month. One thing I can say since moving over to...

Changing the time period of an indicator will have no effect on its "truthfulness". For one thing none of them are essential in determining what price has been doing - you can see that - and none of them can predict the future. Indicators are not forensic identifiers of what the market is doing...

Monitor your trades, techniques and performance in order to improve and develop these. Collect data but only if it will be meaningful in a year's time, and always objective.

I'm guessing the system detected two stops triggering simultaneously and voided them both as both cannot be executed. Or it detected the invalid stop, and voided all stops on that basis. My platform doesn't have the facility to restrict stops to certain times of day - it sounds a useful feature...

The gap doesn't matter as long as the people at the lower end of the scale have adequate opportunity. Which they should have even if there was no gap. It is evil but very easy for government to shift blame onto people who have a high income when it is the government's fault for only providing...

The majority save little or nothing, so it just doesn't matter to them if rates are high or low because that won't make them either rich or poor. 2% of zero is the same as 20% of zero so whats the point. But a strong stock market reflects investment opportunity for US and foreign money that...

Savers who invest in stock are punished by a higher stock price?

What does it matter what the CEO makes? The only people who have a stake in his / her salary are the owners of the company. They can vote CEO pay lower if they want to but why should they when it doesn't affect staff recruitment / retention and it doesn't make for more profits. Its the owners...

It doesn't say anything specific about opportunity. It just says the gap is big. It doesn't say that poor people are being made poorer. Or rich people being made richer for that matter. But high:low income data collection standards aren't universally agreed. Plus I will bet there is no way...

Income inequality is a fabricated and useless statistic. Like relative poverty. You're either poor or you're not. Its not derogatory to call people poor who are poor. The real issue lies in what opportunities they have had in front of them to escape from poverty. Poor people in a place in the...

Yes, I think I was trying to solve a problem which you don't have. Though I still think global risk applies - if global risk tolerance drastically reduces, say due to some military developments in the middle East, the USD is going to tank. Maybe even faster than the ZAR.

Exactly. So the approach you could use is based on risk tolerance / aversion. I don't see a basket as found in stock-picking, more a set of scales with risk as the risk-neutral as the fulcrum - USD, AUD, NZD at one end, JPY, CHF at the other: EUR is right now only a maybe, near the middle, GBP...

Go as soon as you can. One of the most interesting places to visit. Big enough so that if you have a favourite interest or pass-time, you can research it and find something along those lines there.

Seems in forex the most universal and a very significant issue is risk - I mean global risk tolerance. So assuming you're right about ZAR devaluing, in a risk-on situation pair it with USD: if risk-off, pair it with JPY (CHF would also work but is more highly correlated with the EUR). Clearly...