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Bill Gates backs a Tobin tax http://www.bbc.co.uk/news/business-15565479

I like this one.

He's fucked you all over. He is laughing at you all from beyond the grave. Millions of you wasted your hard-earned (or borrowed) cash on his over-priced electronic fashion accessories, which he manufactured for next to nothing in the sweatshops of China. And the funny thing is you all love him...

So you don't know. Barrier to entry was the ability to count a six-deck shoe. No education required. Just like trading.

The majority of FXCM's customers lose at FX. So what? So do BarCap with all their quants. What evidence do you have that higher education leads to success at FX trading?

And yet BarCap loses. They just lose!! http://www.trustnetoffshore.com/Factsheets/Factsheet.aspx?univ=DC&fundCode=KIFW1&pagetype=performance

"Philippe Douste-Blazy, the French foreign minister from 2005 to 2007, is the chairman of Unitaid and a special adviser to the United Nations secretary general on innovative financing." Another damn politician with no idea about finance and economics. It's frightening that this sort of person...

So you're saying we shouldn't worry about having Profit>0? I've been wasting my time thinking that was important? How could I have been so stupid. :confused:

Who needs ink? This is the future for Greece

"UBS said last month it was to axe 3,500 jobs to shave 2 billion Swiss francs ($2.3 billion) off annual costs" That's an average annual cost of $650k per employee. :eek:

I don't know why they keep using this line. Why don't they admit that it's pointless even if it is global. There is no upside to this idea.

Looters are starting to come before the courts. It turns out many are employed or students..

The police in the UK aren't allowed to do anything that might hurt a criminal.

I disagree. When you drag the scroll bar down and then move to click on the next page, the "share this thread" link is right in the path of your mouse. It must be the worst place on the screen to put it and it's extremely annoying. Simply move it to the left of the screen or stop the pop-up...

Agreed. (Assuming R:R=1 and each system has an independent random distribution of wins and losses.) Another way to look at it. Let's say each system gives a daily signal long or short with a target and stop of 10 points. Trader A trades system A .He trades every day, wins 60%. He averages...

You need a crystal ball to tell that going long and short at the same time will result in no profit? I think you need a new alias. :p

Let's say both systems (A & B) give long and short signals such that e.g a long signal means the market will hit +X before it hits -X. It follows that on occasions where both systems gave a signal, we have the following probabilities: Market moved X: A won, B won = 0.6*0.6=0.36 A won, B...

Doesn't the fact that the casinos no longer welcome him and offer him a 20% rebate suggest that his play did suddenly improve? Surely if it was just luck they would welcome a chance to get their money back.

Are you serious? There are more trouble makers posting in your journals than in all the FX threads put together.

You seem very confused.