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High inflation: wealth flows from lenders to borrowers Low inflation: wealth flows from borrowers to lenders That's the net effect of inflation as far as lending money. Inflation acts as a mechanism for redistribution of wealth. Since the only mechanism that should be allowed for...

Hi Gregg, In logic, a strawman argument is the informal fallacy of creating an artificial image to attack. This is exactly what the creator of that video does. He mixes some facts from the distant past with his own misconceptions and deliberate distortions of the current state of the...

Whoever created that video doesn't undertstand a thing about Economics and the financial system. Might be a crank or a marxistoid of some kind. Ron

I plan to open a new account to trade US stocks and looking for brokers that offer the same commission level as IB (0.005 cents per share). I'm not considering an account with IB at this time. The problem I had with them is that when I tried to open a corporate account they asked me proof of...

TY hihi

Chart patterns is just another trading method suffering from hindsight. A very important element of a successful trading strategy based on chart patterns is "confirmation". By the time a chart pattern is confirmed though often but not always, most of the initial momentum has dried up and one is...

I think all companies incorporated offshore are exempt from paying capital gains tax. Why don't you just incorporate in a cheaper jurisdiction like Bahamas where you do not need to keep books locally and your fees can run as low as $400/yr? Even an Irish corp. is exempt I think. I believe...

IB is a great broker, no question about it. Better than any other broker I've used before. However, after reviewing their customer agreements I noticed the statements I quoted in my OP and I find then peculiar to say the least. Maybe, you can explain what they mean and why one should not...

Are you having a bad day cvds16? Ron

I've just realized I could use the CSV scan output file of APS to automate order entry to IB TWS platform. The problem is I'm not a good programmer (not even with Basic) and I need to pay someone to do this for me. Details can be found here: http://www.tradingpatterns.com/Software/IB/ib.html...

Are you assuming the above is true? There is no "handout" in trading. Understanding and discipline cannot be taught. Either you have it or you don't. Maybe can get slightly improved. But not to the level required for trading success. Ron

Are your short positions losing money? If that is the case and the combined open loss when subtracted from your available balance leaves less than $25000 in your account then you will not be allowed to day trade, I think. Ron

"...Customer authorizes IB to engage in proprietary trading, and to execute the proprietary trades of its affiliates, even though IB may simultaneously hold unexecuted Customer orders for the same products which could be executed at the same price." "...The Forex Counterparty may also...

I got a license of APS Automatic Pattern Search last month and I wonder if there are others in this forum who actively use the program and would like to share ideas and their experience with it It is a really interesting program very different from what I have been exposed to before and I...

The issue is much more complicated than these Economists mentioned in the paper think, including its author. At a fundamental level, economists fight because Economics is not a strict science. Could you imagine two engineers fighting over the valus of the average speed of a car that covered...

http://www.sirtrade.com/ref.htm for $29,500.00 it will find the optimum indicator fit:) Ron

Find a good programmer and make him a partner, salary + % of profits. If the ATS is profitable this arrangement will work fine 90% of the time and your risk will be limited. But given that 80% of ATS fail, you should not worry about the risks involved with this type of arrangement...

I didn't like it. It is a smart way of flashing ads on your screen and nothing you couldn't do before with multiple screens or windows. Ron

Stock trading is a zero sum. The expression "the stock market is zero sum" has no meaning in this context. Ron

I agree. But there is a fundamental value that may not be known at the time of the transaction. You hear of "underpriced stocks" all the times. It seems it is more of a matter of how one defines the game than anything else. Any game can be made zero sum when itsparameters are properly...