To use chat, please login.
Back to contacts

Opinions on ESMA & Financial Markets

Jul 06 2018 at 14:10
75 ieraksti

What makes those who gamble on sports events or attend casinos anymore responsible than us small retail traders on here? Trading the financial markets is a profession, Technical Analysis is a profession, there are professional qualifications in TA:

Walk through any bookshop in London and you will find whole sections filled with thousands of books about trading the financial markets and books on Technical Analysis.

If trading is considered to be gambling then it is only because the markets have been turned into one huge casino, because things have been allowed to get out of control but small retail traders are not to blame and making small retail traders the scapegoats is not the answer.

No these trading restrictions are wrong and unfair!!! No justification whatsoever!!!

Jul 06 2018 at 14:31
75 ieraksti
Edwin Lefevre in Reminiscences of a Stock Operator tells the story of Jesse Livermore who faced the same problems that small retail traders face today - Bucket Shops. It's a book read by thousands.

Solution: Close the Bucket Shops!!!

First published in 1923, Reminiscences is a fictionalized account of the life of the securities trader Jesse Livermore. Despite the book's age, it continues to offer insights into the art of trading and speculation. In Jack Schwager's Market Wizards, Reminiscences was quoted as a major source of stock trading learning material for experienced and new traders by many of the traders who Schwager interviewed.

The book tells the story of Livermore's progression from day trading in the then so-called 'New England bucket shops,' to market speculator, market maker, and market manipulator, and finally to Wall Street where he made and lost his fortune several times over. Along the way, Livermore learns many lessons, which he happily shares with the reader.

Jul 06 2018 at 19:54
1189 ieraksti
NottsBlade posted:
Check this out and see how algorithms are trading against us!!! Total disregard for trend lines, averages and technical indicators. Turning the markets into a casino!!! Totally goes against all logic and common sense!!!

I sense a lot of anger and frustration from you.
Perhaps you just lost a sum of money in the markets and you are still angry, upset, or hurt by this?

If so, then that alone is a clear indication that you should NOT be trading at all.

Emotions have no place in markets.

Posts like yours I've noticed will typically happen right after a new trader has just lost their investment capital and they want to blame the markets for their losses, and accept no responsibility for them.

'It's the markets!'
'My system works! Why did the markets steal my money!'
'The markets are rigged against me....'
blah blah blah

The only guarantee of winning in the markets is not to invest in the markets.
Very few people have the actual skills required to make a reasonable income over a long period of time.

Also, it is unreasonable for you to simply throw a few moving average lines on a screen and then claim 'oh the markets are rigged.... it makes no sense.... blah blah blah'.

Markets are much more than just moving averages. And the fact that you don't understand that, also shows you don't understand how the markets really work.

It isn't about just technical indicators, or news events, or other fundamentals.
To really make money, you have to consider ALL of these things, and more.

If it looks too good to be true, it's probably a scam! Let the buyer beware.
Jul 06 2018 at 20:06
75 ieraksti
Only got one thing to say: 'Soybeans'

Jul 06 2018 at 20:17
1189 ieraksti
NottsBlade posted:
I'm having panics attacks now - seriously!!! I don't want to be having a go at politicians, economists, regulators and bankers they have a tough enough job to do without me having a go at them. I'm really p***** off at these stupid rulings and restrictions being put in place by ESMA and I'm just airing my views. It's nothing personal!!! I think it's wrong!!! I'd much rather be doing my own thing and focusing on my trading and left in peace!!!


You have NO business at all trading until you get your emotions under control.

None of the regulations that are in place will prevent you from making money in the markets.

Yes, the regulations make it harder to make money for some people by forcing smaller leverage levels (1:20, 1:50, etc)

And yes some regulations for retail traders can be absurd (FIFO in my opinion).

But even with all these regulations that many consider to be 'unreasonable' regulations, those alone does not prevent a retail level trader from a reasonable income from investing in the markets.


When you combine your complete lack of self discipline with your obvious reliance on a few common technical indicators that only show a one very small part of a data point regarding market analysis, you are basically giving yourself a guarantee of losing your money.

My advice to you is to go back to demo or switch to a cent account for trading until you get your psychological and emotional issues under control.

If it looks too good to be true, it's probably a scam! Let the buyer beware.
Jul 06 2018 at 20:21
1189 ieraksti
NottsBlade posted:
Only got one thing to say: 'Soybeans'

Soybean prices can be EASILY explained if you properly evaluate the global fundamentals for them.

There is no 'hidden agenda' or 'rigging', at least not in the manner which you think exists.

Did you evaluate and analyze the impact of recent trade contracts, taxes, transport costs, tarrif placements, and generalized consumer level considerations?

NO OF COURSE NOT. Because you clearly don't understand what those things are or how they are causing these fluctuations in the soybean markets.

You're never going to make money long term if THAT is the chart you are basing all your trades on.

You DO NOT understand how the markets work.

If it looks too good to be true, it's probably a scam! Let the buyer beware.
Jul 07 2018 at 07:55
75 ieraksti
Like I said: 'Soybeans'

Professional4X You think I'm ignorant and I don't do my research - you are so wrong and I begrudge that comment!!! You do not have a clue where I do my research. You want to undermine somebody do elsewhere. If you want to help any help me any help is welcome!!! Happy Trading!!!

Jul 07 2018 at 08:16
75 ieraksti
Jul 08 2018 at 05:58
16 ieraksti
0.5 lots on a £100 account? I can't work out if that's a clever way of setting a trade or not... It goes in the right way and you make a large percentage quickly. It goes in the wrong way and you get a margin call almost immediately. Not much room for volatility though!

Jul 08 2018 at 06:26
37 ieraksti
@NottsBlade I can't tell if you are a troll or just off your meds.

Why are you trading copper? I thought you were trading FX pairs. If you want to trade copper, which is pretty retarded, just trade copper futures on the CME. Regulated, 100% transparency. Now there's very little liquidity and it's a dead market for 20 hours each day but that's better than trading it through an FX broker.

You should do yourself a favor and take a big step back and reevaluate what you're trying to accomplish. If you think you can trade every financial instrument under the sun and be successful you will find a lifetime of failure ahead. Focus on 1 thing and trade that until you get good at it. Maybe that 1 thing is the FTSE or the DAX or the DOW or oil or natural gas or gold. Or maybe you just get good at trading break out pull backs or false breaks and trade those on a few major FX pairs. Figure it out.

If you're not a troll then you really need to check yourself and simplify. Based on your posts in this thread your going backwards and the longer you go backwards the longer it will take to reach 0.

Lūdzu ienāciet, lai komentētu.