Fx Trading Quotes

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.

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: “Where 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

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 “live 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.

It all began on a Monday when I received a message on Reddit from someone I believed to be a friend. He shared an exciting story about how he had invested $1,000 and quickly earned a $5,000 return. His enthusiasm was contagious, and he urged me to reach out to an Instagram account called dollar_fx to start making money myself. WhatsApp info: +12 (72332)—8343 Intrigued by the promise of high returns, I messaged dollar_fx. They introduced themselves as experienced Bitcoin miners and account managers, claiming affiliation with a legitimate trading company. Their polished presentation and confident communication convinced me that this was a real opportunity. Website info: h t t p s:// adware recovery specialist. com After some discussion, I sent them $2,000 worth of Bitcoin. Not long after, my account on their platform showed a profit of $21,800. Excited, I tried to withdraw the funds—only to be told I had to pay a $3,650 withdrawal fee. Although it seemed odd, I paid it, assuming it was a standard part of crypto trading. Feeling encouraged by the apparent success, I invested another $1,000 at their recommendation. A week later, my account balance grew to an incredible $45,800. However, when I attempted to withdraw again, I was asked for yet another fee—this time, $3,700. Desperate to access my money, I borrowed funds to pay it. Even then, my withdrawal remained pending. Email info: Adware recovery specialist @ auctioneer. net When I asked for clarification, they told me I needed to give their “Support Team” access to my Instagram account, including my backup codes. Although uneasy, I complied, believing it was part of the process. But soon after, they demanded an additional $12,400, citing an “account upgrade” required by SEC regulations. Telegram info: h t t p s:// t. me / adware recovery specialist1 That’s when I realized something was terribly wrong. Attempts to contact them failed—they had ghosted me. I quickly secured my Instagram account to prevent further damage. Later, I found out the Reddit message that started it all was sent by scammers who had hacked my friend’s account. I was devastated. But I didn’t give up. I contacted ADWARE RECOVERY SPECIALIST, a team that helps investigate and recover stolen funds. To my immense relief, they successfully recovered all the money I had lost. I am incredibly grateful for their expertise and support throughout this ordeal.