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Ok. Go buy a necessity with it. Find anything listed on a CPI report that you can buy with it.

In this case, it was reading that the outlook on USD has considerably improved in recent days. The previous NFP far exceeded expectations. Core inflation is picking up. There was a bond auction recently that had very low demand. Although the data today didn't help.

But I did/do have a plan. Strong USD based on fundamentals. Position trading. What's yours?

I finally start posting about real action and people stop responding... Well that 15% I had made dwindled to 1.4%. It was negative just 20 minutes ago. I find a problem with my current strategy... That I'm basically hoping/guessing/gambling/praying that the data/news releases will go as I want...

The post just above this I said I wouldn't be surprised if it hit $200k due to speculators and criminals. I'm also saying that it's no good as a real currency.

Best post ever. Sometimes I get tired of arguing against Bitcoin junkies by myself. What this guy doesn't realize is that it doesn't matter if HIS business accepts Bitcoin. It only matters if businesses that sell necessities will accept it. Groceries, gasoline, health insurance, auto insurance...

Account is up 15% on the day. So if I grow my account by 15% every day, with compounding... Then after 100 trading days, I will have $11.7 billion!!! Sounds realistic... $10000 * (1.15^100) = 11,743,134,507

Whoa. My account was up 9.3% just 20 minutes ago. Now it's 6.8%. This is DAY 1. So what should I do with this knowledge? These predictions (strong USD) were based on sound reasoning and reinforced by others, such as DailyFx and other economic news sources. This was not a blind 50/50 guess. My...

Off to a good start... With one minor hiccup... The hiccup: This is my first time trading a live account in a while so I made the mistake of using nearly all of my account balance in active trades. So I got an early margin call and lost $85 even though that pair USD/CHF has since turned around...

I'm betting that the dollar will remain strong throughout this week. This view is shared by many. I would like to think it's an educated guess.

Well I'm dealing with large amounts of money when building/selling houses. So unless I'm able to wager that same amount of money safely, then I can't proceed. What hard evidence do you have that your broker was stealing from you? I use IG for Forex, which is licensed in the United States. For...

New Forex week starting in 4 minutes. Fatal flaw with my current positions is they're all betting on the same thing (USD) lol. Wish I was in CAD or NZD to be honest.

Wow. No it didn't. I made it up randomly. But that's quite a coincidence!

Then why even play if you think the house will steal from you? Casinos will simply refuse to let you play if they think you're too good, card counting, cheating, etc. They don't straight up steal from you. I don't farm anything.

Hope I'm not asking too many questions... But if you started with $100,000 in your account, what would you reasonably expect it to be in 1 year?

Are you a consistently profitable trader? I

Neither do REAL businesses lol. Anyone who says their business accepts it will immediately exchange it for dollars so they can buy necessities with it. Grocery store, gas, health insurance, etc.

Seems like Fed is saying higher rates (secondary bond market) are a healthy sign. I wouldn't expect them to keep rates lower just for fun. Only if it helps them meet their 2% inflation target.

Exactly what I've been saying about blackjack and drawing a 20, and losing when the dealer gets 21. The reason why it's easy to identify as a "statistical anomaly" is because blackjack is a CLOSED SYSTEM. Even if a statistical anomaly happened in the markets, it would be hard to identify as...

Agreed. All throughout late 2019,people were forecasting a recession based on economics. The "recession" ended up happening, but for a different reason. That doesn't make them correct. (I'll admit, I was one of those forecasting recession in late 2019). However, there could have been people...