Is the market traded by humans anymore?

xandman said:
Do you have any links to academic studies?
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It was not an academic study. It was an article in a financial market magazine in which somebody important in the Japanese markets was talking (he was being interviewed) about "pending changes" to trading rules that will prevent becoming "infested" with HFT like the American markets. The guy actually used the word "infested". That tells me they don't think highly of HFT or algorithms or at least the person that can push changes.

He seemed to have a great fear of huge volatile market changes and he did mention some stats involving 10 years of data.
 
comagnum said:
Stocks.... a fools game gaming fools. And therein leads to their demise as we know it now.
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Go ahead and hate on the stock market while many of us traders are basking in the after glow of profits, more profits, and an endless stream of future opportunities. Its the biggest game on the street, you cant buy companies with futures or Forex.

Futures and Forex for most new traders equates to using leveraged money they otherwise would not have to speculate on what they think other traders are speculating on while being so massively under capitalized so as to have it mathematically impossible for them to have any success. So they day trade trying to remove the risk since the smallest fluctuations will end them - the broker makes a killing in commissions - the over leveraged trader goes bust - the non-leveraged person holding ETFs & stocks is at the beach getting wealthier. So who's the fool now?

Nothing wrong with Forex or futures - I trade them also, but lets keep it real. If stocks are good enough for Jim Rodgers or Warren Buffet it's good enough to all of us mini mouse traders.
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I thought Forex was the biggest game in town...I've seen numbers like $5.3 trillion dollar business just between the banks themselves per day.

https://www.dailyfx.com/forex/educa...trading_lesson/2014/01/24/FX_Market_Size.html

I've seen other numbers recently in magazine articles...as high as $5.7 trillion per day.
 
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I thought Forex was the biggest game in town...I've seen numbers like $5.3 trillion dollar business just between the banks themselves per day.
I think Forex is a big game -mainly for the big banks but not for the individual. An individual on Wall Street can rise up on their own and start acquiring companies through stock purchasing.

My girl friends brother grew up kind of poor. He paid his way through Harvard and went on to work on Wall Street and has been buying companies, fixing them up, and selling some while keeping a few. He is ultra wealthy now - totally self made and now owns many of the cell tower companies in the nation - his legacy of wealth will be passed on to future generations. A few Forex traders may get cash rich but the stock game at the top level is playing for the ownership of companies. I have meet plenty of people that got wealthy from the stock market - never ran into someone that got rich from Forex, there are just aren't that many out there.
 
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comagnum said:
The Asia markets are said to be 80% humans & 20% computers - The charts look like ours once did. If you have IB you can pay $2 month to trade futures on the Singapore exchange. It is easier to stay in a position without HFTs creating violent spikes.
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is it just the Singapore market or are their other markets that you believe that are 80/20.
i trade the Australian futures and their has been times when i am scratching my head and saying wtf just happened.that move did not make sense
i have also heard the Nikkei is infested with algos
 
Singapore (SGX) is the exchange. The futures that I found are liquid enough to trade and the foreign regulatory is decent with minimal HFT - mostly used for market making for a smaller portion of the orders- spoofing is supposed to be prohibited. They also have the Indonesia & Thailand futures stock indexes - not liquid enough for me.

These are the ones I trade through IB (SGX).

Nikkei225- (YEN, this is the real deal Japan contract)
Singapore
Taiwan
China A50
CNX -NIFTY (India)


https://www.interactivebrokers.com/en/index.php?f=2797&ns=T&nhf=T
 
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wrbtrader said:
It was not an academic study. It was an article in a financial market magazine in which somebody important in the Japanese markets was talking (he was being interviewed) about "pending changes" to trading rules that will prevent becoming "infested" with HFT like the American markets.
More...
According to TSE and OSE HFT in stocks makes up 60 to 70%, and in futures a little over 60%.
 
If you want to be a trader, you learn to adapt, years before it was program trading, then exchanges stopped it at so many points in the Dow, and now HFTs, when people can't adapt they bitch about it, study harder and learn how to make money off the HFT's. Use more limit orders, they hoping you use stops.
 
Limit orders, that is what the uninformed crowd mostly uses. More experienced traders up to pro level abandoned limit orders many years ago. Stops may not be the thing to do for scalpers - for swing traders stops are a good tool so we don't have to stare at the monitor all day. The only person I see bitchin is the last poster.
 
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Handle123 said:
If you want to be a trader, you learn to adapt, years before it was program trading, then exchanges stopped it at so many points in the Dow, and now HFTs, when people can't adapt they bitch about it, study harder and learn how to make money off the HFT's. Use more limit orders, they hoping you use stops.
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limit orders are mainly for trading ranges especially tight ranges.
i have read somewhere hft thrive on trading ranges that is where they make their money,are the most dangerous and where others traders tend to lose money(especially tight trading ranges).
in trends any order will do.
ps 5 minute chart is my bread and butter
 
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