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Dagong Global Credit Rating, the leading Chinese rating firm, already downgraded the USA to A+ and is considering to downgrade again, to A. Of course that's way way WAY closer to reality than the insane AAA status. American credit agencies of course know that if they want the world to take them...

Whoops, this is *old* news, please delete. Thx.

Like said before, I started as market maker on the Amsterdam Options Exchange, then became prop trader for Swift Rotterdam, then started my own prop firm and currently run my own trading company with only 2 others. No clients, just us trading for ourselves.

3 things: 1) It's very difficult to make good money trading. When I traded prop at Swift Trade, I saw probably hundred people try, only a handful succeeded. 2) Those scammers don't need to look over their shoulders. Why should they ? You think this is a case for the police ? No. All the...

BTW, if you want to expand your scam, take a good look at how Velez and Vaccaro do it. They not only sell 3 day courses for like $5000, they also get their victims to open trading accounts. They markup trading fees and get their victims to churn shares. Of course, they also require deposits...

Hehe, you've got SCAMMER written all over you :) I don't really care though, if people are stupid enough to pay for books or take courses, then that's their own fault. I know they do though. Those classes at Vaccaro's and Velez's scam companies always are full. At least they were, I think they...

I've thought about writing a book, I know quite a few things that equal money right away. But why would I do that ? If everybody does what I do, then the opportunity will be gone. I make more money trading than I could ever make writing books. I know people who write books myself, none of...

Maybe for a hobbyist, but if you are trading on the options floor as Market Maker, like I did, you'll meet quite a few people who make money trading ;) Same thing at the office, I've seen so many people come and go, some of the smartest individuals, who had all kinds of TA bells and whistles...

I know. I've worked as a Market maker on the Amsterdam Options Exchanges, back in 2000. Met quite a few Market Makers, nobody took TA seriously. Then, after the exchange got replaced with computers and the floor disappeared, same thing at the office. I don't know anybody who's trading...

Just want to add to the thread, that I've never seen somebody make money with TA. I know a guy who was the prof analyst for a firm that writes TA reports for clients of certain banks, he tried to become trader at the firm I worked. He knew pretty much all there is to know about TA, yet, couldn'...

We're speaking different languages here. You're the guy selling futures during your lunch, because your style is much more investing than trading. I'm the guy who has been professionally daytrading for 12 years now, executing hundreds of trades per day. My style has pretty much 0 to do with...

Germans taking over the NYSE, Germans creating their own rating agency ... They're doing good !

My advice: go look elsewhere, the time of manual trading has long passed. It's all computers now, mate. The people who have been trading for a long time, still know how to make money, but it's far, far from easy. Computers & algo's are getting better and better. Not a bright future for the...

"This view of the Fed as a stock market savior misinterprets the central bank's role." http://finance.yahoo.com/news/Economists-see-slim-odds-for-apf-945531766.html Someone should have helicopter Ben write that line 100x on a schoolboard.

Awesome article: http://www.ibtimes.com/articles/131528/20110407/inflation-us-economy-gold-prices-qe2-qe3-tarp-obama-treasuries-federal-reserve.htm

So, FED officials are starting to worry about inflation, but they can't raise because the economy still sucks hairy balls. QE2 is about the end but they can't stop since the markets will die while house prices didnt even rise, so they'll start QE3. Only conclusion I can come to is that inflation...

The US is doing shitty, but look at europe or Japan, then all of a sudden it's not THAT shitty anymore ...

Buy books and go to university.

So, what's up with swift trade then ? Did it get dissolved ? At least their website is down !?

That's nonsense. This is one of the few useful books out there. Most are worthless, written by clueless idiots who failed miserably at trading and then figured to make money writing a book instead. You should understand though that this is indeed only 1 aspect of the game, you can't be a...