How Made Up Is News? Quite a Bit

Quote from MKTrader:

Have you actually done this? (No.) Actually, it can be quite easy and profitable, depending on the location.

A better question: What about start a business in the U.S.? It gets easier and more profitable the further back you go. Now you deal with the alphabet soup of the EPA, OSHA, SEC, EEOC (to name a few), state/local restictions often brought about by unions, etc. There are a lot of current businesses that wouldn't make it out of the starting gate if they began now. The barriers to entry are much larger. Talk to some business owners and CEOs.
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Advancing countries have increasing standards, whereas in an undergoverned Third World country you just need to be on the currently dominant warlord's good side.
 
Quote from Trend Following:

So you sit around and trade off news reports?
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Yes, I do, and it works pretty well actually. Bonds went up right after jobless claims and again on the housing number and philly fed. It works if you know what you are doing and have access to the number relatively quickly.
 
Quote from ExchangeBonds:

Yes, I do, and it works pretty well actually. Bonds went up right after jobless claims and again on the housing number and philly fed. It works if you know what you are doing and have access to the number relatively quickly.
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The point of my original post? Much of news is made up. Not real. Seems a difficult reliance...
 
Quote from ExchangeBonds:

Yes, I do, and it works pretty well actually. Bonds went up right after jobless claims and again on the housing number and philly fed. It works if you know what you are doing and have access to the number relatively quickly.
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there's a lot of preplanning and anticipation involved

when I started trading forex, it took me a while to learn how important news is

no news, and all you see is big candles

as a matter of fact, on news day you can throw your technicals in the trash, and if you want to trade them, your historical data would be much more technically "accurate" if you eliminated all the news moves
 
Many of you are talking about 3rd world country straw men--awesome.

Bush was an idiot for saying he would suspend free markets to save them, and Obama is an idiot for saying government is responsible for entrepreneurs.
 
Quote from MKTrader:

Have you actually done this? (No.) Actually, it can be quite easy and profitable, depending on the location.

A better question: What about start a business in the U.S.? It gets easier and more profitable the further back you go. Now you deal with the alphabet soup of the EPA, OSHA, SEC, EEOC (to name a few), state/local restictions often brought about by unions, etc. There are a lot of current businesses that wouldn't make it out of the starting gate if they began now. The barriers to entry are much larger. Talk to some business owners and CEOs.
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The folks responding don't know what you say... Americans have to protect their "side" and if their political team says something inane they will go along with it even if they plunge off the cliff.
 
for instance, I was just watching tv, and I see that Asad, the evil dictator of Syria ia a really bad man.

I know this because I saw it on tv

and anybody who disagrees with me is a complete idiot

(and most who agree with me are also, because they don't know what the hell they are talking about. All they know is what they saw on tv.)
 
Quote from oldtime:

for instance, I was just watching tv, and I see that Asad, the evil dictator of Syria ia a really bad man.

I know this because I saw it on tv

and anybody who disagrees with me is a complete idiot

(and most who agree with me are also, because they don't know what the hell they are talking about. All they know is what they saw on tv.)
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yeah and we just barely got done taking out that bad guy in Libya.. what was his name? The news outlets dropped the story like a bad habit..
 
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