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Hey All, I'm still a relative n00b to trading, and doing a lot of reading. There is a valuable lesson for me here, but I'm having trouble following the logic. Can anyone help to interpret the situation and strategy that he's recounting? --Lefèvre, Reminiscenses of a Stock Operator, 1923. Pg 30...

Given that the QE program created about $3.5T, about 80% of which is sitting in accounts at the Fed, paying 0.25% interest, why does the Federal interest rate matter? As I understand it, the interest rate affects the cost that banks have to pay to borrow money from each other. If they've...

Yes. Perhaps because swiping is what we're used to, but it seems that this chip technology also slows down the transactions. I'll add that to the list.

I just got back from the grocery store, after waiting in line for five minutes behind an elderly couple that was struggling with the new chip system. To be clear, newer credit cards contain a little piece of electronic circuitry (the "chip"), which is designed to replace the magnetic strip that...

Well, if it doesn't reach the people, then how is it supposed to stimulate the economy?

A bit dated, but still a good read. In sum: 1. Fed gave trillions to banks via the QE program 2. Banks put most of that money BACK into Fed accounts paying 0.25% interest. 3. This amounts to additional QE funds of 0.25% of annual compounded interest. The additional 18.5% of 3.5T is not...

Thank you. I was thinking the same thing; but then I thought, "It's not a bad question, perhaps someone will benefit from the answer."

You peeps are OK. :thumbsup:

Thank you. :)

I stare at the S&P on my screen (SPY), almost in disbelief. It has almost tripled since the crash in 2009, and has more than doubled since a lull in 2011. What is fueling this growth? Have there been advances anywhere, that have increased value to this extent? It makes no sense to me. After...

Howdy, What are the pros and cons of directly trading a currency, such as GBP/USD, vs trading a currency ETF, like FXB? Thank you :) Sincerely, Keith http://finance.yahoo.com/quote/GBPUSD%3DX/news http://finance.yahoo.com/quote/FXB

1. Read. It is very hard to find a mentor in this business, because nobody wants to give up their secrets to making money--your gain could be their loss. It's sort of like asking someone where the best fishing spots are: the minute they tell you, you go and clean out all the big fish. Unless...

Yesterday, while doing some research at the end of the day, I stumbled across what I saw as a great buy. I thought, "Jump on it! It's going to shoot up overnight!" However, the experience recounted in this thread stayed my hand. Holding overnight is NOT part of my plan. The algorithms needed to...

Ah, but what if they leverage that $500 up a hundred-fold? Then they've got 50K working for them! :D

:rolleyes:

I am relatively new to trading, and am encountering this sentiment not just here, but from brokers, traders, and others in the field. Can you explain further? Is Forex a second-class citizen? I was on the phone with my broker last week, and inquired about trading Forex. He said, "Forex?" with a...

I had a similar problem and combed through the code a little while back. An isConnected() method exists in the test files, and is implemented as follows. I'm running C++ v9.72.14, and it does pretty much what you're looking for. You don't say what version (or what language) you're using, but...

When I'm testing, I like to subscribe to a data feed for something, like Forex (which is free, I believe) or a busy US Equity (SPY, AAPL, etc.) if you've got the US Data Bundle. Then, just dump the incoming tickdata to the screen with (in C++) a cout or printf. You get a nice little stream of...

What trading platform are you using? If you have any sort of API, the formula is super-simple. if (vix/vxv < 1) { // submit market buy n VXV, or // limit buy n shares of VXV at bid price } or, if you wanted to sell... if (vix/vxv >= 1) { // submit market sell n VXV, or // limit...

What is a "dope sheet?" Forgive my ignorance, but I stumbled across this term in the book Reminiscenses of a Stock Operator [1], and I don't know what it is. Per generally accepted Internet forum etiquette, I Googled around before posting, but the closest I could find was a horse betting...