theHand's Posts - Page 11

Global CRASH -this September Take your money and run or what ??? in General Aug 20, 2015 at 06:40

@kayz08 The Greeks adopted another FIAT currency. Didn't help them at all. If the whole world went crypto at once all our problems would disappear. We need to decentralise government and money. Only way we're going to have any quality of life going forward. Get rid of all the spying at the same time. Otherwise its slavery for most of the human race. And as we can see by this thread it's decision time. We carry on with a broken system or fix the damn thing ?

Global CRASH -this September Take your money and run or what ??? in General Aug 20, 2015 at 05:45

@DrVodkaIt's not about Bitcoin, FFS. It's about the concept, the trustless ledger system. Bitcion is just the first attempt. Doesn't matter if it disappears. It does have problems, we know that. First car was also shit, so was the first plane. But they did prove the concept and today a person can climb into a Bently or RR or a A380 and waft around in supreme comfort. Takes time man...By the way, how much of it's value did CHF lose in 1 tick ? So Bitcoin is in good company.And look where it is heading, the internet might be based on it in the near future:http://maidsafe.net/ove...

Global CRASH -this September Take your money and run or what ??? in General Aug 19, 2015 at 21:03

@kayz08 The issuing of FIAT paper is a recent invention. Governments for most of humanities history didn't have any control over money and certainly not over supply. You used to have to do something to get make money, like dig out some gold. And as we can see the fact that they do have control is an ongoing disaster.Sure a government can make rules, they can have a police and army to enforce those, but when the masses turn their back its tickets. Many, many examples of that in history. Yeah Bitcoin is not perfect, nothing is, but at least a corrupt government can't mess with the supply...

Global CRASH -this September Take your money and run or what ??? in General Aug 18, 2015 at 21:00

That's like saying I don't like dollars because I wasn't there when they started printing them. Makes no sense at all. Bitcoin is just the first attempt at crypto and it does have some well documented problems. That said the whole thing is in its infancy. It will take years for the idea to settle in and be developed to its full potential. Fortunes will be made along the way. Bitcoin might not even survive, who knows, but the cat is out of the bag so to speak. There will be plenty of future opportunities as people come to grip with the idea of a bank-less society. Hopefully it will ...

Global CRASH -this September Take your money and run or what ??? in General Aug 18, 2015 at 06:58

That's because you haven't really thought about it.So the Greeks start bartering, what's the first thing they do ? Set up a website and unit of measure to swap (TEM's): http://www.bbc.co.uk/news/world-europe-17680904That unit is tradable, you can transfer it (mail or message) to someone else. The record is kept on the internet. It's a peer-to-peer system where peers decide the value of the unit.Looks just like a crypto to me without the ledger system for now. But it won't last long till someone incorporates that. I get this often actually. " I want real money, not ...

Global CRASH -this September Take your money and run or what ??? in General Aug 18, 2015 at 05:02

http://www.zerohedge.com/news/2015-08-17/crisis-confiscation-where-do-i-store-my-wealth

Global CRASH -this September Take your money and run or what ??? in General Aug 17, 2015 at 07:18

I wouldn't bet against the fed mate. This charade can last much longer than your trading account can. Quite a few billionares have now publicly said they don't really know what to do either. There isn't really a place to hide. I'm hoping that FX will be ok, but when the banks go there might be no FX either. Thing is there is always a system, no matter how tough it gets. So, as I said, garage fulll of booze, some crypto's and a garden full off edible plants. The one thing that isn't going anywhere is the internet. So I suspect this might be the moment the Crypto's ge...

Global CRASH -this September Take your money and run or what ??? in General Aug 16, 2015 at 21:59

And quite frankly a stock market crash is not that big a deal. We have them every 10 years or so. It wasn't a stock market crash that made the great depression, errr...great. It was this event: http://www.bloomberg.com/bw/magazine/content/11_18/b4226012481756.htmWhich was in due course followed by a world war as we all know. Watch for the bank failures, not market crashes.

Global CRASH -this September Take your money and run or what ??? in General Aug 16, 2015 at 21:20

Sigh. Oh how short our memories are indeed. Gold is of no use to you either. You can't buy paper gold because of backwardation. Then there is Executive Order 6102: https://en.wikipedia.org/wiki/Executive_Order_6102Historically gold gets confiscated when the poop really hits the fan. So if you buy physical you have to bury it in your back garden, considering the modern surveillance state they will know you bought it and come looking for it, and if you can't produce it, it's jail time. 10 Years last time. Load up on the Vodka, people will do anything for booze, and various crypto'...

Ridiculous Scalp in Trading Systems Aug 15, 2015 at 12:28

Maybe I'm losing my mind, but this is the second time I have to ask the question on this board..You are aware the thing's wiped out ? I don't know, maybe it's just me, but I thought the ultimite aim of trading fx was to make money ?! Yet somehow people think showing an account with -99.87% return is going to get an investor ? Do people actually buy into this ?I don't get it. I really don't.

1329648 in Trading Systems Aug 14, 2015 at 12:51

70%+ Gain in the first month, trading @ 500:1 ?What result were you guys expecting ? Obviously the thing was going to blow up. Who controlled the trade sizes ?

Can forex trading make you rich ? in General Aug 14, 2015 at 12:24

@xgavinc And I think people vastly underestimate the amount of effort and determination it takes to do this. You really need to be obsessive about it, almost to the exclusion of anything else. I've spent at least a decade on this. And thousands and thousands of dollars in servers, coding courses etc. I actually had to develope an entire skill set which doesn't even have anything to do with trading, but rather to handle the computers like I need to be able to. It's only now, many years and thousands of dollars later, that I get to the point where I can go sleep at night and most lik...

Can forex trading make you rich ? in General Aug 14, 2015 at 07:20

It's possible, but very unlikely. The figures are published by the brokers. Here's an example: http://www.financemagnates.com/forex/brokers/exclusive-q4-us-retail-forex-profitability-report-ib-1-again-while-oanda-slipping/Oanda had the most succesful client base at 50% profitability. It's dropped to about 30% since the VC got involved. I suspect the rule changes made the profitable clients leave. But 30% is more or less average. Of course over time it won't always be the same people who are profitable, meaning that there's probably a much smaller percentage that's conis...

could forex brokers be an angel investor? in General Aug 13, 2015 at 15:48

Ja, as @Megabot said, register on MQL 5 website and let the system run. Also register here for Autotrade. The money will arrive soon enough.

Market is Rigged! in General Aug 13, 2015 at 06:33

It is rigged. And at goverment level. Quicker you accept that the better. Not only is the goverment aware of the rigging, they are active participents and their pockets are almost unlimited. They can push prices to wherever they want them. Most obvious examples are the central bank announcments carefully worded to have the desired effect of whatever the agenda is. Another example is the 500T's of gold that get dumped on Sunday evenings every now and then to drive the price down. Who the #@#$ has 500 T's of gold?So in markets like this neither fundamentals or techinical analysis have an...

market price manipulation in New Traders Aug 13, 2015 at 06:10

No you can't @DrVodka. The retail fxbrokers don't want the volume, nor can the platforms handle it. O crashes if one trader is trying to handle 100 000 trades. I've been there, got that T-shirt. You have to be interbank with your own code written specifically to handle those volumes. That means tens to hundreds of millions and access to the various banks order books. HFT doesn't work if you can't see the order book. HFT guys are active in FX, but not as retail traders. And it's not 100's of orders per second, it's thousands.

market price manipulation in New Traders Aug 12, 2015 at 05:55

And of course understand what the HFT guys do. And they don't use billions to push markets around. They front run big orders.

market price manipulation in New Traders Aug 11, 2015 at 19:40

What @sabe said...

What If I Create Free Performance Fee PAMM/MAM For All? in General Aug 08, 2015 at 06:44

Won't work. The principle's been tried on software. Majority of people don't pay.You run the risk of legal fees if there is a loss, maybe even covering someone elses loss if your paperwork is not in order. Everybody wants to participate in the profit, but no one wants to participate in a loss. So you have to budget and save for unexpected expenses like that (or a CHF type event), it's not just the fee that comes in. To do this correctly you have to build a rather large finincial buffer. So you have to earn.You'd be much better off offering a month or three free management t...

What makes one a Professional Trader? in General Aug 04, 2015 at 21:59

@FxMasterGuru You have a lot to learn mate. You and most of the rest of the world are about to find out exactly how worthless money really is. Ask your average Zimbabwean, Venezuelan and at the opposite end of the scale a Cyprean or Greek. Spent their whole lives chasing the money, protecting it, saving it, believing in it and now what ?And the real problems haven't even begun. Wait till the US defaults, see how that goes...No mate. Some hard old lessons are about to be re-learned in a terrible way, better get ready for a tsunami of that misery, billions of starving people. And why ? Becau...

EURUSD	1.13223	GBPUSD	1.33292	AUDUSD	0.63894
USDJPY	144.462	USDCAD	1.38223	USDCHF	0.82759

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