Here is a thread where I acknowledge to Oddtrader the trading prowess of the Citibank forex traders. In my early years, I learned much from them. If you are starting out, then by all means learn as much as you can from them. Afterall, Bruce Lee did say, "Absorb what is useful." http://elitetrader.com/vb/showthread.php?s=&threadid=42387&perpage=6&pagenumber=9
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newbie question(s)
- Thread starter malaka56
- Start date
Thank you Deptrai - I will research Gain Capital.
Steve, I don't think that you are any good. You are just a member of the 99% who eventually lose in forex. Who are these reputable professionals who you refer to? Maybe you should read the Paul Tudor Jones section of "Market Wizards". Just because you are not good enough to figure out Elliot Wave theory doesn't mean you have to trash it. I know that you are frustrated because you are a bad forex trader, but you are taking your frustration out on the wrong trader. Nothing that you have posted makes me believe that you are a member of the elite 1% of all forex traders. You can't take 400 pips out of a trade like me can you, Steve? Of course not. You are a bad forex trader. If you want to insult a trader, then insult a trader for their inability to trade. Don't insult their intelligence by calling them an idiot because intelligence has no correlation with trading skill. EITHER PUT UP OR SHUT UP. I have already demonstrated that I have trading skill. Next time you want to have a war of words, make sure you don't pick a fight with an elite forex trader like me.
Quote from late apex:
To state that "forex is a negative sum game" is flat out wrong. Especially for the reason given.
It is not even a zero-sum game.
Fact: forex is a positive-sum game for the speculator.
Why is that so?
Think about who the different types of participants in the global currency markets are.
Now think about what the motivation of each one is.
Finally, think about what the definition of a zero-sum game is.
That logical process leads to the correct characterization, shown in italics above. If anyone has trouble filling in the blanks, I'll elaborate.
Hello late apex. Would indeed be interested in hearing you fill in the blanks.
Thanks!
Quote from Deptrai:
Steve, I don't think that you are any good. You are just a member of the 99% who eventually lose in forex. Who are these reputable professionals who you refer to? Maybe you should read the Paul Tudor Jones section of "Market Wizards". Just because you are not good enough to figure out Elliot Wave theory doesn't mean you have to trash it. I know that you are frustrated because you are a bad forex trader, but you are taking your frustration out on the wrong trader. Nothing that you have posted makes me believe that you are a member of the elite 1% of all forex traders. You can't take 400 pips out of a trade like me can you, Steve? Of course not. You are a bad forex trader. If you want to insult a trader, then insult a trader for their inability to trade. Don't insult their intelligence by calling them an idiot because intelligence has no correlation with trading skill. EITHER PUT UP OR SHUT UP. I have already demonstrated that I have trading skill. Next time you want to have a war of words, make sure you don't pick a fight with an elite forex trader like me.
hehe....this would be funny if it wasn't so tragic