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I completely disagree. Healthy competition brings prices down, not up. When you have one state enterprise providing a service, you pay what the government tells you to pay (roads, water etc). You could say the same about airlines, if you just had one government airline we would all pay $x to go...

Again, yes I know. The point of this thread is a lot of people are unhappy with the fact it doesn't lead to equal outcomes evident in the rise of left wing politics and the youth leaving university with an anti capitalist mindset. How do we get these people back onside to avoid socialist...

Nobody is arguing over a flawless system. The aim is to find a way to smooth out the discontent in the world that's been there for the last 6-7 years without resorting to a larger state with less economic freedoms for those that do want to work hard.

I agree with you. That's how I feel. But the fact is that's not how a lot of people feel now. America, the home of capitalism and the 'go and get your dream' mentality that's envied by millions around the world had Bernie Sanders close to running for president that is a hardened socialist...

I think i was pretty clear, i am advocating capitalism... but it is being threatened at the moment as people feel they are being cut adrift. We either figure out a way for the disillusioned to feel included or we risk losing the freedoms we enjoy. Any suggestions?

Hi, Firstly, i am a capitalist. I believe many of the world problems are caused from departing from capitalism (central banks pumping up asset prices with no real earnings/innovations/wage growth to back it up as one example). But also i do agree there are serious issues effecting a lot of...

Thanks Userque, thats what i was asking. Obviously it would take forever to code even a basic program if you have to explain every single element/word you want to use in a code. It takes long enough to design a robust strategy let alone having to explain in code what a bid price is, or a moving...

Thanks for the answers. A few comments on whats been said so far. 1/ The reason for choosing Python is from asking a lot of people in the industry it seems to be the fastest growing language in banking/finance. My main priority is to enhance my own prop trading career, but would be good to...

Sorry for the vague title, couldnt think of a brief way to explain exactly what i mean. I have backtested systems before on programs like Tradestation and CQG where you have everything in one place. Indicators, charts, an area to write the code etc. The code is pretty much picking an indicator...

New patterns Same general theories work in terms of opens closes and news releases the most volatile. Mid day generally choppy. Markets sometimes trend and sometimes mean revert. The order book still shows bids and offers where some of them are real and some of them are fake. Some of them just...

Yes and no. Completely agree about market cycles and patterns. But the real money I've seen made isn't really off things like chart patterns. I've had setups that simply don't exist anymore. Particularly patterns in the order book like spoofers appearing. They used to be in there all day...

Yeah those are the guys that make the headlines. There are others too that punch out some huge figures. Sadly I'm not at that level. They do all of the above. Charts, Price ladders. Most stuff is off price ladders I've never really found any edge in charts apart from over significant events...

As mentioned before I don't want to appear like I was his best friend or anything. I just traded the same place as him. He kept himself to himself. But he was trading outrights. He started off like every other trainee, with 1 lots. So I know he wasn't spoofing because it is impossible to spoof...

This article is 18 months old but sums it up well http://www.bankingtech.com/276812/resurrected-financial-transaction-tax-poses-threat-to-eu-markets/ So dumb

The more regulations and taxations the easier it is for the big boys to get an edge. Whats that saying.. "in the valley of the blind the one eyed man is king".. something like that. If 99% of people have to pay extra taxes or abide by extra regs that 1% that gets around them will have it all...

Yeah it's such a scam. Although there were lots of good things about the old days. When I started trading there were hundreds of guys in prop firms making a decent 100-200k a year living for themselves. But with the more and more advanced computers 1 computer can dominate an edge that 50 guys...

That's actually very concerning that market makers would get a reduced tax. Basically that means 5 or 6 big firms on every exchange get rates that allow day trading and everyone else in the world can't. I know market makers get reduced rates now. But they pay $0.35 a round turn instead of...

But all their numbers are based on taking current volumes and multiplying that by the proposed tax. They haven't worked out the millions if not billions they will lose out in capital gains/coorporate tax as half the traders leave the markets. Day trading will be non existant with $10 a round...

The euro is falling apart at the seams. Huge unemployment (particularly youth). Greece an absolute disaster and Italian and now German banks in huge difficulties. There are massive economic issues around the globe. Not just Europe. But as someone that lives in Europe having the Brussels...

More nonsense from politicians. The EU politicians are a special breed of no action socialists. Even if they did push it through its a worse time than ever to do so with Britain leaving the EU. London just becomes the hub to avoid it.