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Trading is hard. Always has been, always will be. Ive been around the markets for a long time. I am more consistent than ever. Provided markets go up and down someone is making money. Apart from something like a financial transaction tax i can't see anything that would kill off trading

Well OP it depends if you want to make money or not. Investing tiny amounts here and there i guess could be a hobby. But dont expect to make anything. Trading as a hobby expect to lose a lot of money. It one of the most competitive professional environments you can enter. If you want to make...

Depends what you mean by retail trader. Outside of a bank or hedge fund yes. I trade from home full time trading my own money and make a great living. But I trade through a prop firm so get margin breaks and lower commissions. I use professional trading platforms that cost about $1000 a...

I have a cap. But is a percentage of my net worth. I trade through a prop firm and theyre pretty stable institutions but i wouldnt want my entire net worth in a prop firm or clearing house. Its rare but they have been known to go under and would be quite a battle to get your money out/back

As someone said earlier. Depends on account size. I work for a prop firm. I keep about £25k on account and generally make about £10,000 a month. I have been trading for about 10 years. Id say im a fairly average trader. After 10yrs consistent trading I should be making a lot more. But i value...

Horses for courses I guess. Everyone wants something different from the world. Theres no way i'd ever live in a country where I had to give up more than 50% in taxes. I work too hard and too long to just write a cheque for a government to spend in ways I dont see fit. And if they did spend it...

Well i highlighted the rise in anti depressants over recent history to one of the highest (7th) in the world, which being "intellectually honest" would impact short term trends. I never said it wasnt nuanced. I even stated politics is one of those debates where there is never an outright...

Sig So my stats were correct. You can slice and dice statistics to suit either argument. I respect your point but my stats still remain true. There has also been a huge rise in use of anti-depressants in Denmark (now 7th highest consumer of anti-depressants on a per 1000 ppl basis) over the...

Exactly

No, but some countries have pretty horrific tax structures and levels of bureaucracy in exchange for the welfare. And the same countries unsurprisingly have bad debt levels/unemployment levels/ business startup rates etc etc. Denmark for example has top tax rate of 60%!! Then huge sales taxes...

Exactly! So government stops fixing the market and we are left with -93% on the 08 move to now + real growth in the economy. There's been a bit. But there's a huge gap. And that's the reason there's inequality. Asset holders propped up in an artificial government bubble so there's no need for...

Does anyone else think NIRP is a joke? Its just another attack on the middle class and people that have sensibly managed their finances. It also forces banks to lend. But the reason they wont lend any more is because they have been regulated out of business and and cant risk lending any...

That's scary if true...unlikely though.

I agree. There needs to be strict rules to prevent over leverage. Fraud. Corruption. That's a given. But government should not be picking winners and losers. Bailing out failures and taxing the hell out markets and businesses sucking liquidity out of them. Bernies financial transaction tax for...

Yeah but my main discussion was about the rise of large governments and what it means for individuals and free markets. Trump is a joke. Sanders has no idea what he is talking about and both of them making Hillary look strong when, with sensible candidates, she would be a fringe player. But...

I have no opinion on Trump thats not the point of this thread

I live in Europe too. You say "what are central banks suppose to do". Well we are 8 years post crisis and in Europe ECB is still cutting rates, still increasing amount of QE, debt still rising. If it isnt getting better now what good will expanding the state even more do?

Did you read the article? I'm just saying it has some interesting points. And there is a big socialist movement globally. Happy to hear arguments why the article is wrong

Interesting article by Marc Faber http://wallstreetexaminer.com/2016/03/marc-faber-warns-fed-created-global-socialism-backs-donald-trump/ He is a perma-bear and doom monger. BUT i think he has a valid point. Central banks are buying up bonds at insane levels. And its doing very little to jolt...

Ive worked at several prop firms and they are all open to traders opening up satellite offices. First firm had offices in London, Singapore, Ireland, Canada and US. Next firm had offices in Ireland, Croatia and India might be on the cards, the secondary offices were all setup by traders from...