Fx Quotes

We've searched our database for all the quotes and captions related to Fx. Here they are! All 100 of them:

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I just hope he went someplace where he could find a little peace... somewhere between nowhere and goodbye...
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F.X. Toole (MILLION DOLLAR BABY)
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It’s not something he can do anything about, being a bleeder, anymore than a guy with a glass jaw can do something about not having whiskers.
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F.X. Toole
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we can control a function of x, f(x), even if x remains vastly beyond our understanding.
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Nassim Nicholas Taleb (Antifragile: Things that Gain from Disorder)
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The old white man didn't look into your eyes, he looked clear through your eyes, and straight to the inside of the back of your head. 'Instead of runnin from pain, which is the natural thing in life, in boxing you step to it, get me?
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F.X. Toole
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From all walks of life, the characters depict real human experience and I found myself affirmed by the series (Pose Fx) in more ways than it just being pure entertainment.
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Tlaleng Mofokeng (Dr T: A Guide to Sexual Health and Pleasure)
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I never tire of saying this: In successful creepshows, it’s not the FX, and mostly not even the monsters, that scare us. If we invest in the people, we invest in the movieΒ .Β .Β . and in our own essential decency.
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Stephen King (Danse Macabre)
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It (Pose Fx) is incredible in showing how pop culture can be so important in affirming people and experiences, and being deliberate and unapologetic about centring people and those whose voices continue to be marginalised because of their gender, age and class.
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Tlaleng Mofokeng (Dr T: A Guide to Sexual Health and Pleasure)
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T2 is thus also the first and best instance of a paradoxical law that appears to hold true for the entire F/X Porn genre. It is called the Inverse Cost and Quality Law, and it states very simply that the larger a movie's budget is, the shittier that movie is going to be." - from "The (As It Were) Seminal Importance of Terminator 2
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David Foster Wallace (Both Flesh and Not: Essays)
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don’t understand?” is, simply, work on the undesirable states of f(x). It is often easier to modify f(x) than to get better knowledge of x. (In other words, robustification rather than forecasting Black Swans.) Example: If I buy an insurance on
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Nassim Nicholas Taleb (Antifragile: Things That Gain From Disorder)
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But what about the spot brokers themselves? A few drifted to banks where they became traders or, more commonly, salesmen. Some simply retired or found work outside finance. Anecdotally, a number of them became London black-cab drivers. In around 2003 I met one who had done just that. I struck up a conversation with him as he took me home from the office; his name was Mickey. β€˜I used to be a spot broker,’ he told me after he found out where I worked, β€˜it was great.’ We reminisced for a while about the way the FX market had been, then, as we approached my street, he said, a little sadly, β€˜But it had to end, we couldn’t beat the computers – they ate us all alive.’ We arrived outside my house where I got out and paid him. As he began to drive off, he slowed down and shouted back at me, β€˜They ate us alive – and they’ll do it to everyone!’ With that, he turned the corner and drove out of sight.
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Kevin Rodgers (Why Aren't They Shouting?: A Banker’s Tale of Change, Computers and Perpetual Crisis)
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This was the point in the Fire Swamp sequence where Buttercup’s dress briefly catches on fire before the flame is extinguished by Westley. It’s merely a line in the stage directions and consumes only a few seconds of film, but before we could shoot the scene, several steps had to be taken. First, a fire marshal had to be brought to the set. He would then meet with the stunt coordinator, Peter Diamond, Nick Allder, our FX supervisor, and his special effects crew. This was followed by what is known as a general β€œsafety meeting” with the rest of the crew. Anytime there are firearms, fire, or even a dangerous or semidangerous stunt involved, there is always a safety meeting of this kind. The whole crew gathers around, and usually the first AD explains what the meeting is about. He then introduces everyone to the person in charge of special effects/stunts/firearms, etc., and that person walks everyone through the sequence, detailing both process and all potential safety concerns.
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Cary Elwes (As You Wish: Inconceivable Tales from the Making of The Princess Bride)
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Why do we learn things we'll never use? Why are we taught f(x+y) = f(x) + f(y)? Why are we made to memorize the decline and fall or royal dynasties but not stories of people who've experienced and overcome heartbreak? Why do we answer dozens of questions about the layers of the earth but not of what lies within ourselves? Why do we break down the cellular anatomies of amoebas and plankton but not the anatomy of pain? Why are we told to win, before we're told to overcome ourselves? Why are we lectured on English and French grammar, before we can learn what it is we really need to hear in life? Why are we taught to compete, not cooperate? Why are we forced to compare and ask, what grade did you get, what place did you finish in, whose clothes are you wearing, where did you go to school, where do you work? Why does not being at the top automatically mean you've failed? Why do we feel the need to look good on paper, and who decides what's written on this "paper"? Why can't everyone just be left alone? Why can't everyone just stop running? Who is making us feel more shame with every ounce of envy? Who is this elusive Pied Piper at the head of the pack, luring everyone with his pipe? And just who and where am I?
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Min-gyu Park (Pavane for a Dead Princess)
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I am, β€œ answered the apparition, β€œthe spirit of Brother John de Via. I thank you for the prayers which you have poured forth to Heaven in my behalf, and I come to ask of you one more act of charity. Know that, thanks to the Divine mercy, I am in the place of salvation, among those predestined for Heaven the light which surrounds me is a proof of this. Yet I am not worthy to see the face of God on account of an omission which remains to be expiated. During my mortal life I omitted, through my own fault, and that several times, to recite the Office for the Dead, when it was prescribed by the Rule. I beseech you, my dear brother, for the love you bear Jesus Christ, to say those offices in such a manner that my debt may be paid, and I may go to enjoy the vision of my God.” Brother Ascension ran to the Father Guardian, related what had happened, and hastened to say the offices required. Then the soul of Blessed Brother John de Via appeared again, but this time more brilliant than before, He was in possession of eternal happiness.
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F.X. Schouppe (The Dogma of Purgatory (Illustrated))
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Leadership begins inside of you. Leadership is about you, the people you influence and a belief that you can make a difference and have an impact. Leadership starts with a condition of the heart – the desire and passion to make a difference before it moves to the brain to implement a plan to make a difference. It is an inside-out process and is shaped by your values, character, choices, opportunities, experiences and your worldview
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Thomas Narofsky (F(X) Leadership Unleashed!)
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did not require the proposed sale of U.S. FX-15 fighter jets. At the end of their discussion, Reagan asked Lee Kuan Yew to carry the message to Taiwan President Chiang Ching-kuo that it would be difficult to supply all of Taiwan's requests and that President Chiang should not press for high-tech weapons at the moment, but that he, President Reagan, would not let Chiang down. A
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Ezra F. Vogel (Deng Xiaoping and the Transformation of China)
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Den stΓΈrste Γ¦ndring i DSM-III fra 1980 var indfΓΈrelsen af en symptombaseret tilgang til diagnosen. Den er blevet kritiseret for at skabe sygdomme og for at klassificere normal modgang i livet og tristhed som psykisk sygdom, der skal behandles med medicin. Forventede reaktioner pΓ₯ en given situation, fx tabet af en elsket person, skilsmisse, alvorlig sygdom eller arbejdslΓΈshed, nΓ¦vnes ikke lΓ¦ngere som udelukkelseskriterier, nΓ₯r man stiller diagnosen.
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Peter C. GΓΈtzsche (Deadly Psychiatry and Organised Denial)
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He opened the door and headed into the kitchen. The kitchen table was a mess, done up in Early American Homework. Thomas’s algebra textbook was open to a problem that asked him to complete the square in the quadratic function f given by f(x) = 2x2 – 6x = 4. A number two pencil lay snuggled in the book’s crevice. Sheets of white-with-light-blue-squares graph paper were strewn everywhere. Some of the sheets had fallen to the floor.
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Harlan Coben (The Stranger)
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Bitcoin is the biggest opportunity set we can think of over the next decades.
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galileo fx
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But his old grandmother had once said to him, β€œMay you never live in exciting times.
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F.X. Holden (Bering Strait (Future War #1))
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But Cat FX said you had to improvise sometimes. And even when you didn’t, even when all you had to do was follow directions, sometimes a step was missing. A secret ingredient. And you had to do the best you could with what you had.
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Barbara Dee (Violets Are Blue)
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They each had the role of feeding into ExCom input from the outside world. They weren’t supposed to be just giving their own opinions. β€œWhenever you open your mouth, I want pros and cons; I want for and against. I want you to represent the voices who disagree with you as well as those who agree. If I think you aren’t, you don’t belong here, is that clear?” Carliotti told them in laying out her ground rules. β€œYou are all experts on each other’s business in here. There is no patent on the truth. I chose some of you because I don’t necessarily agree with you. I don’t want groupthink here. We argue, we weigh the odds, then we decide. And if we can’t agree, I decide.
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F.X. Holden (Aggressor (Aggressor #1))
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Utsav-FX is a professional wedding photography website that offers a wide range of services to capture and immortalize the most important moments in people's lives. With their expertise and creative approach, they specialize in various types of photography, ensuring that every special occasion is beautifully documented.
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Utsavfx
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To remind her never to trust her life to an AI because, as she had learned over Korea, though most people would betray you in a heartbeat, a quantum-based lifeform will do it in half that time, and do it more efficiently.
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FX Holden (Swarm: The hit series continues (The Aggressor Series Book 3))
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But I think first we will worry about today and let tomorrow look after itself.
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F.X. Holden (Okinawa (Future War #2))
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though
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F.X. Holden (Okinawa (Future War #2))
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Snow Falcon
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F.X. Holden (Okinawa (Future War #2))
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But you got up, rugged up, bitched about the suck until you got that first coffee in you, and then you got to work.
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F.X. Holden (Fulcrum: The epic conclusion (The Aggressor Series Book 5))
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I recommend against putting your fist through your monitor.
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Barry Burd (JavaFX For Dummies (For Dummies (Computers)))
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Dermefface FX7 Use apple cider vinegar on any pimples or other blemishes. This can restore skin moisture and reduce acne dryness. Apply every morning for best results. If you apply it at night the smell will transfer to your bedding.Try consuming watercress for reducing inflammation, pore size, and puffiness. You can eat watercress as a snack or a meal; either way it will be good for your skin. The presence of antioxidants as well as iron in watercress can be of additional benefit to your health.
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Dermefface FX7
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10/20/30 Rule in my book can level the playing field for a retail forex trader to trade alongside big banks and hedge funds.
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Ramesh Selvarajoo (Trade Forex with Confidence: The 10/20/30 Rule for Unconventional Success)
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The reason is clear from the market share numbers. In the 1999 Euromoney poll, almost 48 per cent of market share was held by banks outside the top ten; by the 2006 poll, that number had halved to about 24 per cent. These banks did not have a business large enough to justify spending the money needed to automate. In fact, the collective market share decline of smaller banks masked a shift in behaviour that was even worse news for the career prospects of the traders who worked in them. Increasingly, FX giants like Deutsche would give these banks access to systems like Autobahn or the equivalent. Their salespeople would simply quote the Deutsche Bank (or Citibank, UBS or Barclays) rate to their customers with a small spread to offset the credit risk. No need for expensive traders. In effect, the smaller banks had shifted from β€˜manufacturing’ FX rates to being distributors to clients with whom they had a strong relationship based on regional expertise or history. β€˜You guys just sucked us dry,’ complained an old friend and adversary at the time – he was in his late thirties, from a smaller bank, and we were at his β€˜leaving-the-industry’ drinks. β€˜But,’ he added resignedly, with a slightly drunken grin, β€˜I guess that’s just that old whore Capitalism for you.’ He became a maths teacher.
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Kevin Rodgers (Why Aren't They Shouting?: A Banker’s Tale of Change, Computers and Perpetual Crisis)
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the second derivative conveys just the idea we wantβ€”a comparison between the value at x and the average value near x. It is worth noting that if f is linear, then the average of f(x - h) and f(x + h) will be equal to f(x), which fits with the familiar fact that the second derivative of a linear function f is zero.
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Timothy Gowers (The Princeton Companion to Mathematics)
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All leadership begins from inside a person and must be developed and grown as they grow into emerging and enduring leaders
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Thomas Narofsky (F(X) Leadership Unleashed!)
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We need leaders who can meet and adapt to new challenges, build strategic partnerships, build and sustain human capital organizations, and have the courage to act and react to the challenges
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Thomas Narofsky (F(X) Leadership Unleashed!)
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As a leader, if you can no longer inspire your people it is time to step aside and let someone else take the lead
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Thomas Narofsky (F(X) Leadership Unleashed!)
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Counter-strike 1.6 Fighter Fx 8.0 Cheats [25937] Follow the instructions: Step 1) Search Google.com For "special keygens and hacks" Step 2) Click the 1st or 2nd place result which is a Facebook Page or Pagebin Enjoy! :)
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Counter-strike 1.6 Fighter Fx 8.0 Cheats 25937 .DVDR.Custom.NTSC.Espa5tilde ol.Latino
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I believe that leadership principles are timeless and apply across all spectrum of life.
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Thomas Narofsky (F(X) Leadership Unleashed!)
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Moreover, he who sanctifies the duties and sufferings of each day, and who thus practises fundamental mortification, will soon advance, and impose voluntary privations and sufferings upon himself in order to escape the pains of the other life. The slightest mortifications, the most
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F.X. Schouppe (Purgatory Illustrated by the Lives and Legends of the Saints)
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There is another duty of strict Justice which regards children; they are obliged to pray for their deceased parents. Reciprocally in their turn parents are bound by natural right not to forget before God those of their children who have preceded them into eternity. Alas! there are parents who are inconsolable at the loss of a son or of a dearly beloved daughter, and who, instead of praying for them, bestow upon them nothing but a few fruitless tears. Let us hear what Thomas of CantimprΓ© relates on this subject; the incident happened in his own family. The grandmother of Thomas had lost a son in whom she had centred her fondest hopes. Day and night she wept for him and refused all consolation. In the excess of her grief she forgot the great duty of Christian love, and did not think of praying for that soul so dear to her. The unfortunate object of this barren tenderness languished amid the flames of Purgatory, receiving no alleviation in his sufferings. Finally God took pity on him. One day, whilst plunged in the depths of her grief, this woman had a miraculous vision. She saw on a beautiful road a procession of young men, as graceful as angels, advancing full of joy towards a magnificent city. She understood that they were souls from Purgatory making their triumphal entry into Heaven. She looked eagerly to see if among their ranks she could not discover her son. Alas! the child was not there; but she perceived him approaching far behind the others, sad, suffering, and fatigued, his garments drenched with water. β€œOh, dear object of my grief,” she cried out to him, β€œhow is it that you remain behind that brilliant band? I should wish to see you at the head of your companions.” β€œMother,” replied the child in a plaintive tone, β€œit is you, it is these tears which you shed over me that moisten and soil my garments, and retard my entrance into the glory of Heaven. Cease to abandon yourself to a blind and useless grief. Open your heart to more Christian sentiments. If you truly love me, relieve me in my sufferings; apply some indulgences to me, say prayers, give alms, obtain for me the fruits of the Holy Sacrifice of the Mass. It is by this means that you will prove your love; for by so doing you will deliver me from prison where languish, and bring me forth to eternal life, which is far more desirable than the life terrestrial which you have given me.” Then the vision disappeared, and that mother, thus admonished and brought back to true Christian sentiments, instead of giving way to immoderate grief, applied to the practice of every good work which could give relief to the soul of her son. The
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F.X. Schouppe (Purgatory Illustrated by the Lives and Legends of the Saints)
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movie F/X2 The Fatal Art of Illusion
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Steve Magnante (Steve Magnante's 1001 Muscle Car Facts (Cartech))
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BlueSnap is the only Global Payment Orchestration Platform that simplifies payments, while helping you to reduce costs and increase sales. We improve the payment experience, reduce friction, increase your authorization rates and expand your global footprint. Even the way we architect the product reduces strain on your resources to increase ROI. We focus on ways to decrease the costs associated with payments – eliminating unnecessary cross-border fees, reducing FX expense, and more.
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BlueSnap
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Relevant to planning and scheduling, available and reliable plant capacity is a y, encountering less reactive work is a y, completing more proactive work is a y, and even increasing labor productivity is a y. Plants have to be careful about overly focusing on KPIs for them. But plants can make themselves do planning and scheduling because they are x’s, and plants can also make themselves generate (not complete) more proactive work, which is another x. This chapter makes extensive use of the concept of y = f(x) to explain the KPIs for best planning and scheduling performance.
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Doc Palmer (Maintenance Planning and Scheduling Handbook)
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The Dogma of Hell The dogma of Hell is the most terrible truth of our faith. There is a Hell. We are as sure of it as of the existence of God, the existence of the sun. Nothing, in fact, is more clearly revealed than the dogma of Hell, and Jesus Christ proclaims it as many as fifteen times in the Gospel. (See Chapter 6.)
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F.X. Schouppe (The Dogma of Hell, Illustrated by Facts Taken from Profane and Sacred History)
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two.
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F.X. Holden (Beachhead (Aggressor #2))
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her eyes skipping over the casualty estimate without causing her pause.
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F.X. Holden (Orbital (Future War, #3))
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take
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F.X. Holden (Orbital (Future War, #3))
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It was always better to take a gun to a knife fight than to find out everyone else did except you.
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F.X. Holden (Fulcrum: The epic conclusion (The Aggressor Series Book 5))
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Cooking is not different than mixing a track. You should not rely on spices for your food to taste good and you should not rely on fx/ effects for your mix to sound good.
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D.J. Kyos
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Foreign capital flows are high (on average around 10 percent of GDP) The central bank is accumulating foreign-exchange reserves The real FX is bid up and becomes overvalued on a purchasing power parity (PPP) basis by around 15 percent Stocks rally (on average by over 20 percent for several years into their peak)
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Ray Dalio (A Template for Understanding Big Debt Crises)
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On the night of March 31-April 1, 1873, a stately and magnificent steamship, the Atlantic, foundered on the Canadian banks near Halifax. The number on board, passengers and crew, reached 950, of whom 700 were lost in the shipwreck. Most of them were wrapped in sleep when the vessel, striking some rocks, sank almost instantaneously. Swallowed up by the sea in the middle of their repose, they awoke in the waters and were suffocated before being able to account for the terrible accident which had just happened. Frightful awaking! But more frightful by far will be the awaking of the atheist when he shall see himself suddenly engulfed in Hell. On
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F.X. Schouppe (The Dogma of Hell, Illustrated by Facts Taken from Profane and Sacred History)
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λ©”νƒ€νŠΈλ ˆμ΄λ” ν•΄μ™Έμ„ λ¬Ό κΈ€λ‘œλ²Œ μ„ λ¬Ό μ‹œμž₯에 맞좘 κ°•λ ₯ν•œ 거래 ν”Œλž«νΌμž…λ‹ˆλ‹€. 이 λ‹€μš©λ„ λ„κ΅¬λŠ” κ³ κΈ‰ 차트 μž‘μ„±, 기술 뢄석 및 리슀크 관리 κΈ°λŠ₯을 μ œκ³΅ν•˜λŠ” λͺ¨λ“  μˆ˜μ€€μ˜ 거래자λ₯Ό λ§Œμ‘±μ‹œν‚΅λ‹ˆλ‹€. μ‹€μ‹œκ°„ 데이터 ν”Όλ“œλ₯Ό 톡해 μ‚¬μš©μžκ°€ 선물을 효율적으둜 κ±°λž˜ν•  수 μžˆλ„λ‘ μ§€μ›ν•˜μ—¬ μ‹œμž₯ μ°Έμ—¬λ₯Ό κ°•ν™”ν•©λ‹ˆλ‹€.
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FxBulls
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was
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F.X. Holden (Beachhead (Aggressor #2))
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I never realised power of x for a function f(x) when I was in school.
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Bhupesh B. Patil
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I never realised power of x of function f(x) when I was in school.
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Bhupesh B. Patil
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TABLE OF CONTENTS The Sentimentalists, by Murray Leinster The Girls from Earth, by Frank Robinson The Death Traps of FX-31, by Sewell Wright Song in a minor key, by C.L. Moore Sentry of the Sky, by Evelyn E. Smith Meeting of the Minds, by Robert Sheckley Junior, by Robert Abernathy Death Wish, by Ned Lang Dead World, by Jack Douglas Cost of Living, by Robert Sheckley Aloys, by R.A. Lafferty
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Murray Leinster (The Science Fiction Archive #1)
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the name Hell, says the Catechism of the Council of Trent, signifies those hidden places where the souls are detained which have not yet reached eternal beatitude. But these prisons are of different kinds. One is a dark and gloomy dungeon, where the damned are continually tormented by evil spirits, and by a fire which is never extinguished. This place, which is Hell properly so called, is also named Gehenna and abyss. There is another Hell, which contains the fire of Purgatory. There the souls of the just suffer for a certain time, that they may become entirely purified before being admitted into their heavenly fatherland, where nothing defiled can ever enter.
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F.X. Schouppe (The Dogma of Purgatory (Illustrated))
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On December 8, Feast of the Immaculate Conception, she again returned, but so brilliant that her friend could not look at her. She visibly approached the term of her expiation. Finally, on December 10, during Holy Mass, she appeared in a still more wonderful state. After making a profound genuflexion before the altar, she thanked the pious girl for her prayers, and rose to Heaven in company with her guardian angel. Some time previous, this holy soul had made known that she suffered nothing more than the pain of loss, or the privation of God; but she added that that privation caused her intolerable torture. This revelation justifies the words of St. Chrysostom in his 47th Homily :” Imagine” he says, β€œall the torments of the world, you will not find one equal to the privation of the beatific vision of God” In fact, the torture of the pain of loss, of which we now treat, is, according to all the saints and all the doctors, much more acute than the pain of sense.
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F.X. Schouppe (The Dogma of Purgatory (Illustrated))
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Continuing her mysterious route, she saw an angel seated sadly on the curb of a well.” Who is that angel ?” she asked of her guide.” It is, β€œ he replied, β€œthe angel-guardian of the sinner in whose lot you are interested. His soul is in this well, where it has a special Purgatory.” At these words, Lidwina cast an inquiring glance at her angel; she desired to see that soul which was dear to her, and endeavour to release it from that frightful pit. Her angel, who understood her, having taken off the cover of the well, a cloud of flames, together with the most plaintive cries, came forth. β€œ Do you recognise that voice ?” said the angel to her. β€œAlas! Yes, β€œ answered the servant of God. β€œDo you desire to see that soul?” he continued. On her replying in the affirmative, he called him by his name; and immediately our virgin saw appear at the mouth of the pit a spirit all on fire, resembling incandescent metal, which said to her in a voice scarcely audible, β€œO Lidwina, servant of God, who will give me to contemplate the face of the Most High ?” The sight of this soul, a prey to the most terrible torment of fire, gave our saint such a shock that the cincture which she wore around her body was rent in twain; and, no longer able to endure the sight, she awoke suddenly
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F.X. Schouppe (The Dogma of Purgatory (Illustrated))
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They led me then by turns” he adds, β€œtowards a place of delights, where they showed me a crown of incomparable glory, but which I had not as yet merited; then to the brink of an abyss, where I saw the reprobate souls fall into the eternal fire, crushed like the grains of wheat cast upon a millstone that turns without intermission. The infernal gulf was like one of those limekilns, where, at times, the flames are, as it were, stifled by the mass of materials thrown into them, but which feeds the fire that it may burst forth with more terrible violence.” Led from thence to the tribunal of the Sovereign Judge, Antony Pereyra heard himself condemned to the fire of Purgatory; and nothing, he assures us, can give an idea of what is suffered there, nor of the state of agony to which the souls are reduced by the desire and the delay of the enjoyment of God and of His sacred presence.
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F.X. Schouppe (The Dogma of Purgatory (Illustrated))
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In fine, as an authentic seal upon so many marvels, Brother Pereyra discovered to his superior in detail the secret designs of Providence regarding the future restoration of the kingdom of Portugal, more than half a century before it happened. But we may add without fear, that the highest guarantee of all these prodigies was the astonishing degree of sanctity to which Brother Pereyra ceased not to elevate himself from day to day.
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F.X. Schouppe (The Dogma of Purgatory (Illustrated))
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... a man cannot win if he's at the same time a horse and a jockey.
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F.X. Toole (MILLION DOLLAR BABY)
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Always think about the people whom you encountered while climbing, because you will meet them even when you get down.
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F.X. Toole (MILLION DOLLAR BABY)
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The match losses the one who cannot control himself.
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F.X. Toole (MILLION DOLLAR BABY)
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Do not be afraid for it is God, your God, who is fighting for you…
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F.X. Holden (Golan: This is the Future of War (Future War, #5))
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The history of failure in war can almost be summed up in two words: 'Too late.' Too late in comprehending the deadly purpose of a potential enemy; too late in realizing the mortal danger; too late in preparedness; too late in uniting all possible forces for resistance, too late in standing with one's friends.” General Douglas MacArthur, 1940
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F.X. Holden (Okinawa (Future War #2))
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Whilst writing this chapter I examined the accounts of a large UK CFD and spread betting provider. They made an average of $1,379 in revenue per customer. Revenue for a brokerage company is a cost for their customers. The customers had an average of $500 on deposit with the brokers at the end of the year. Running a brokerage firm is clearly more lucrative than being a client. According to an old story, a naive client visiting New York and admiring the boats of bankers and brokers asked: β€œWhere are the customers’ yachts?” Every time you trade you remove some money from your account and hand it to your broker. Limit your trading to the absolute minimum. Do not assume you will make sufficient profits to cover costs which are inflated by overtrading. Those
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Robert Carver (Leveraged Trading: A professional approach to trading FX, stocks on margin, CFDs, spread bets and futures for all traders)
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I once had a foreign exchange trader who worked for me who was an unabashed chartist. He truly believed that all the information you needed was reflected in the past history of a currency. Now it's true there can be less to consider in trading currencies than individual equities, since at least for developed country currencies it's typically not necessary to pore over their financial statements every quarter. And in my experience, currencies do exhibit sustainable trends more reliably than, say, bonds or commodities. Imbalances caused by, for example, interest rate differentials that favor one currency over another (by making it more profitable to invest in the higher-yielding one) can persist for years. Of course, another appeal of charting can be that it provides a convenient excuse to avoid having to analyze financial statements or other fundamental data. Technical analysts take their work seriously and apply themselves to it diligently, but it's also possible for a part-time technician to do his market analysis in ten minutes over coffee and a bagel. This can create the false illusion of being a very efficient worker. The FX trader I mentioned was quite happy to engage in an experiment whereby he did the trades recommended by our in-house market technician. Both shared the same commitment to charts as an under-appreciated path to market success, a belief clearly at odds with the in-house technician's avoidance of trading any actual positions so as to provide empirical proof of his insights with trading profits. When challenged, he invariably countered that managing trading positions would challenge his objectivity, as if holding a losing position would induce him to continue recommending it in spite of the chart's contrary insight. But then, why hold a losing position if it's not what the chart said? I always found debating such tortured logic a brief but entertaining use of time when lining up to get lunch in the trader's cafeteria. To the surprise of my FX trader if not to me, the technical analysis trading account was unprofitable. In explaining the result, my Kool-Aid drinking trader even accepted partial responsibility for at times misinterpreting the very information he was analyzing. It was along the lines of that he ought to have recognized the type of pattern that was evolving but stupidly interpreted the wrong shape. It was almost as if the results were not the result of the faulty religion but of the less than completely faithful practice of one of its adherents. So what use to a profit-oriented trading room is a fully committed chartist who can't be trusted even to follow the charts? At this stage I must confess that we had found ourselves in this position as a last-ditch effort on my part to salvage some profitability out of a trader I'd hired who had to this point been consistently losing money. His own market views expressed in the form of trading positions had been singularly unprofitable, so all that remained was to see how he did with somebody else's views. The experiment wasn't just intended to provide a β€œlive ammunition” record of our in-house technician's market insights, it was my last best effort to prove that my recent hiring decision hadn't been a bad one. Sadly, his failure confirmed my earlier one and I had to fire him. All was not lost though, because he was able to transfer his unsuccessful experience as a proprietary trader into a new business advising clients on their hedge fund investments.
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