Professional Forex Trader Tutorial, Tips and Strategies

10 Secrets The Trading Industry Doesn’t Want You To Know About

Today’s lesson goes to be somewhat controversial and should ruffle some feathers. I shall blow wide open and debunk tons of the knowledge you've got presumably been exposed to the present far in your trading journey.
The average trader is out there walking through a confusing and conflicting maze of data from a spread of sources including; blogs, forums, broker websites, books, e-books, courses and YouTube videos.
With of these learning resources available there's naturally getting to be some excellent and a few very bad information, but actually , there just isn’t how for many aspiring traders to understand what to concentrate to, who to concentrate to, or what information is useful and what information is non-beneficial.
I’m not getting to pretend that there's how for an aspiring trader to filter this giant sea of data composed by of these resources and mentors out there, because there simply isn’t. knowledgeable trader with 10,000 hours of experience might stand an opportunity of deciding the great from the bad and therefore the valid from the invalid. However, you, the beginner or intermediate trader simply won’t possess that filtering ability yet.
Becoming ‘Non-Average’
As traders, we concede to our instinctive feelings of social trustworthiness supported what we see and listen to , often to our extreme detriment. we frequently tend to require a leap of religion with our mentors and have a habit of taking things said to us at face value. we would like to hold close information that resonates with us and is sensible to us, especially if it’s delivered by a well-known source that we've come to understand and trust.
The ‘average trader’s brain’ is usually trying to find a shortcut due to the overwhelming desire to form money and be free. The brain wants to urge a winning result immediately with the smallest amount amount of effort possible. If you would like to ever make it as a professional trader or investor, I suggest you are doing everything you'll to avoid thinking with the ‘average trader’s brain‘ and begin being ‘non-average’. meaning becoming far more aware, thinking outside the box more and questioning and filtering the knowledge you read and watch. most significantly , slowing everything all down!
This now begs the apparent question…how does one even know what I’m close to write during this lesson is actually valid and factual? How are you able to really be sure? the reality is unless you've got followed me and my posts on this blog for an extended time and know me and know my work, then you can’t really make certain , and that i don’t expect you to easily believe it at face value. If you would like to return back and re-read this lesson during a few weeks, or a couple of months, or a couple of years, after you work out that i'm somebody worth taking note of about trading OR that i'm somebody not worth taking note of about trading, then so be it.
So with a degree of healthy skepticism, I ask you to think about the below list of eye-opening secrets that professional traders and therefore the trading industry, don’t want you to understand about or understand. I hope it helps…
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FOREX isn’t the sole market the Professionals trade
The FX market is large , with billions of dollars per day changing hands. It can cause you to great money if you recognize what you’re doing OR it can send you broke if you don’t. It’s a really popular market to trade globally, BUT it’s not the sole market the professional’s trade and it’s not always the simplest market to trade either.
A note on leverage:
The brokers and platform providers want you to trade FX on high leverage because the profit margins are very high for them. However, if you trade FX on lower leverage, the profit margins shrink dramatically for them. once you trade FX, start brooding about what can fail rather than just brooding about what can go right. I suggest avoiding stupidly high leverage like 400 to 1, as this will be very dangerous for you if the market moves quickly or experiences a price gap and your stop-loss orders aren’t executed at the worth you set. A more sensible leverage level would be 100 to 1 or 200 to 1, but any higher seems crazy. (Using an excessive amount of leverage is what wiped tons of traders out during Swiss Bank Crisis in 2015, The Brexit choose 2016 and therefore the Currency flash crash in early 2019).
Broaden your view:
Going forward, it'll serve you well in your trading career to start out watching a spread of worldwide markets including FX, Stock Indicies and Commodities. additionally to FX, I personally trade GOLD (XAUUSD), S&P500 Index USA, the SPI200 Index Australia, and therefore the Hang Seng Index Hong Kong , and sometimes individual stocks on various global exchanges. In short, there's more to the trading world than simply FX. I discuss the foremost popular markets I trade this lesson here.
Day trading isn’t what Pro trading really is
The internet is crammed with marketing trying to convince folks that the definition of a trader may be a one that spends all day actively trading in and out of the market on a brief term basis, all whilst living the life-style of a Wall St millionaire. there's a significant agenda within the industry to push this story to the masses, it's been relentless for many years .
I am yet to satisfy one successful day trader who is consistent over the future and that i have almost 25,000 students and 250,000 readers on this blog. i'm not saying there isn’t a couple of out there, but 99.9% of the people that do this sort of trading or attempt to live up to the standard day trader stereotype are getting to fail and perhaps even harm themselves financially or mentally. Watching a screen all day and searching for trades constantly is that the like a compulsive gambler playing roulette during a casino.
The successful traders i do know of (myself included) are watching higher time frames and longer time horizons (minimum 4-hour chart timeframes and predominantly daily chart time frames). they need no restriction on how long they're looking to carry a trade for and that they tend to let the trades find them. The professionals i do know , don't day trade, they are doing not watch screens all day, they are doing not search for trades constantly. they're going to typically fall under the category of a swing trader, trend trader or position trader.
The obvious paradox and conflicting reality within the ‘day trader story’ is blatantly obvious. How does a trader who is consistently watching a screen and constantly trading have time to enjoy his life and live the lifestyle? They chose to trade as a profession to possess a life, they didn’t choose it to observe a screen 24/5.
Here are some points to think about that employment against the so-called ‘ day trader’:
The shorter the time-frame the more noise and random price movement there's , thus increasing your chance of simply being stopped out of the trade.
Your ‘trading edge’ features a higher chance of yielding a result for you if you’re not trading within the intraday noise.
The same trading edge doesn't work or produce an equivalent results on a 5 min chart compared to a Daily chart.
Commissions and spreads churn your account, therefore the more you trade the more you lose in broker platform costs. (I will mention this below)
Risk-Reward ratios aren't relative on shorter and longer time frames. Statistical average volatility across different time periods also as natural market dynamics play an enormous role during this . there's much more weight behind higher time frames than lower timeframes.
Great trades take time because the market moves slower than most of the people ever anticipate. Trading from the upper timeframes and holding trades for extended time periods will provide you with greater opportunities to ascertain trades mature into big winners. However, shorter timeframes don’t provide you with this same opportunity fairly often .
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Education and training in trading are not needed: False - By Mickael Mosse

By Mickael Mosse - Blockchain and Cryptocurrency Expert
Trading now is a common word in the financial field. But its meaning has myths and assumptions around it, viewing trading as an easy way to make money.
Mickael Mosse sees traders as professionals in the crypto world, and their practice as a great option to use cryptos.

Trading is the opposite of investment because it aims to short-term goals following multiple market strategies enveloped by buy-and-hold timing. Its success as a financial profession depends on the ability to be profitable over time.
Now, traders can trade with assets like commodities or with cryptos; we will talk about the second one. Crypto trading could be:
Read more details of these crypto trading options here. What is cryptocurrency trading, and how does it work? by IG

Let’s demystify the next myth about crypto trading by Mickael Mosse’s explanations.
Education and training in trading are not needed; it is just a random thing.
FALSE
Begining to spend money without a formal education process in trading is a common way to lose your funds and blame the market.
There is a common belief that trading is a matter of luck. Still, the reality is that you must study theory to understand its bases and then go to practice in demo accounts before launch to the real market.
According to Mickael Mosse, it is essential to train your trading skills if you want a profit instead of losses, building a trading plan from the knowledge and not assumptions.

A key to start by Mickael Mosse: You could find education tools on broker websites; you can use them to begin theoretical training. A broker is an online platform intermediary between the trader and the market.
The market for trading with currencies is called Forex, the most liquid globally, with no centralized location. Instead, it is a digital network of financial agents such as banks, brokers, traders, and institutions.
SOURCE : https://entrepreneursbreak.com/education-and-training-in-trading-are-not-needed-false.html
_____ FOLLOW MICKAEL MOSSE ON SOCIAL NETWORK’s:
Twitter: https://twitter.com/MosseMickael
Medium: medium.com/@mickaelmosse
Facebook: https://www.facebook.com/mickael.mosse.39
Reddit: https://www.reddit.com/useAccurate-Gap-8536
Pinterest: https://www.pinterest.com/mickaelmosse1/
Youtube : https://youtube.com/channel/UC1QAiUoz-Il-P1lhmUEvvvg
Ted : https://www.ted.com/profiles/23747131
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Education and training in trading are not needed: False - By Mickael Mosse

By: Mickael Mosse - Blockchain and Cryptocurrency Expert
Trading now is a common word in the financial field. But its meaning has myths and assumptions around it, viewing trading as an easy way to make money.
Mickael Mosse sees traders as professionals in the crypto world, and their practice as a great option to use cryptos.
📷
Trading is the opposite of investment because it aims to short-term goals following multiple market strategies enveloped by buy-and-hold timing. Its success as a financial profession depends on the ability to be profitable over time.
Now, traders can trade with assets like commodities or with cryptos; we will talk about the second one. Crypto trading could be:
Read more details of these crypto trading options here. What is cryptocurrency trading, and how does it work? by IG
Let’s demystify the next myth about crypto trading by Mickael Mosse’s explanations.
Education and training in trading are not needed; it is just a random thing.

FALSE

Begining to spend money without a formal education process in trading is a common way to lose your funds and blame the market.
There is a common belief that trading is a matter of luck. Still, the reality is that you must study theory to understand its bases and then go to practice in demo accounts before launch to the real market.
According to Mickael Mosse, it is essential to train your trading skills if you want a profit instead of losses, building a trading plan from the knowledge and not assumptions.
A key to start by Mickael Mosse: You could find education tools on broker websites; you can use them to begin theoretical training. A broker is an online platform intermediary between the trader and the market.
The market for trading with currencies is called Forex, the most liquid globally, with no centralized location. Instead, it is a digital network of financial agents such as banks, brokers, traders, and institutions.
SOURCE : https://entrepreneursbreak.com/education-and-training-in-trading-are-not-needed-false.html
_____ FOLLOW MICKAEL MOSSE ON SOCIAL NETWORK’s:
Twitter: https://twitter.com/MosseMickael
Medium: medium.com/@mickaelmosse
Facebook: https://www.facebook.com/mickael.mosse.39
Reddit: https://www.reddit.com/useAccurate-Gap-8536
Pinterest: https://www.pinterest.com/mickaelmosse1/
Youtube : https://youtube.com/channel/UC1QAiUoz-Il-P1lhmUEvvvg
Ted : https://www.ted.com/profiles/23747131
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forex trading books

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The crypto market’s correlation with traditional markets (by Robert Aron Zawiasa)

https://medium.com/@Zawiasa/the-crypto-markets-correlation-with-traditional-markets-79e8209a6d8
At the time of Corona virus and the — not so related — economic meltdown, many questions the correlation between the virtual economy of cryptocurrencies and the “trad” one.
Why is it such an important question? For many years crypto evangelists predicted Bitcoin as a new safe-haven, the “digital gold”. — Oh boy, they were wrong.
The correlation is not imaginary, trad market players now have significant capital in cryptocurrency and when they need to pull liquidity to cover fiat liabilities, they just do it. The reason for the steep drop in % terms is because the BTC market is not liquid enough at this point in time.
Is it a problem? A heresy of the crypto evangelion?
A heresy for sure, but not a problem at all. Let’s be honest and admit it: The crypto community found nothing unusual in the recent price-drops. I, myself even shorted the market, because crypto is still full of promises but lacking adoption.
Okay, so they are correlating and crypto is full of shit and scammy and basically the same, right?
Not so! Do you remember the times when we had to wait days for a transaction? Paying with wire transfer for something in China was insanely expensive? When merchants preferred cash over credit cards, because of high fees? When you had to hire a broker for investing?
Those times are gone and yes, not because of crypto solved these problems, but crypto definitely accelerated this transformation, urged the financial world to change rules or die. Now what if I say, this is only the beginning and these are only entry-level benefits of what really crypo promises?

Crypto promises us the “digital America”

Uh, I said it. Crypto is the new land and all the resourceful wants their own pieces of it. The reason behind why so many are thinking about Bitcoin as the digital gold is because the digital America’s gold rush is happening now. We all know deep in our consciousness that the world is heavily changing, the youth is changing, society is being digitalized even if brain-computer interfaces are not a thing yet..
Damn son you are weird and I stopped reading here.
The reason you feel weird about our descendants living online is because you know it will happen, but stay in the present now and I will tell you what crypto is doing to our traditional economy!

What is the “crypto dream”?

Many of the early adopters joined not because they wanted to make money, but because they think the current money system is unfair. Common citizens are paying the highest on almost everything and most of the time they don’t know about it. The financial sector’s practices are so hidden, almost like an occult knowledge. There are a few people who understand it and then there are everyone else, the vulnerable. This makes the first statement of the dream:
One of my biggest frustration as a teenager was I did not see real good opportunities in the world. I read about them, I saw them in historical movies, but in reality workplaces were boring and abusive, investments were only for the rich. Neither the booming housing market or fake forex trading seemed like a good fit for me. I had very little money, but a big passion to forge my fortune.
The wolves of Wall Street created our current system in the ideology of “I own what I could acquire” and backfired each other just like everyone did. They have done this, because there is no trust in the traditional world, but trust is heavily needed. But if things are transparent and open, we only need one more thing to wake up from this nightmare:
You read it right, a trustless environment provide uncheatable cooperation. There is no single entity that has authority over the system, and consensus is achieved without participants having to know or trust anything but the system itself.
I don’t eat your utopian bullshit! Your software is written by people I still need to trust.
People tend to be happier to direct trust towards organizations than systems. However, while organizations are made up of people who are easily corruptible, trustless systems can be governed entirely by computer code. All of the source code in crypto should be accessible to everyone. If it is not, then it is not a part of our ecosystem.

The technology behind crypto

Many being confused about the blockchain, thinking it is not a big deal. We had many software far older than Bitcoin, implementing the very same ideas. What Bitcoin had — which made the blockchain a very unique thing — is philosophy. It was intended to use a special way and confronted a very big thing, nobody thought it could be possible to confront.
The blockchain is a way to store information. A decentralized, fully transparent one, which is accessible for everyone 7/24. It never stops, It cannot be stopped and people make it doing different things.
The first use case its inventor made it doing is persisting transactions, money transfers. He told all of us it is just an experiment, which he didn’t tell is the capabilities of this technology. So fast people realized it is possible to do extraordinary things with it, like running a whole computer on the blockchain, making it behave like a virtual computer instance.
No one did things like this before: A global computer which cannot be stopped, which is capable to run all kinds of software on it.

What was the impact?

People go mad about it, especially greedy people who don’t know a bum about the technology but have money to pour in. At one point, the fundraising softwares running on the Ethereum global computer had more impact and volume than the whole VC industry in America. This was only the early rising of crypto, 2017 spring. Later that year, everyone hopped on the train who were brave or stupid enough.
Did crypto had a real economy at that point? Was it an industry? Real-world adoption? NOPE
It was a bitter funny hype train, challenging everyone inside or outside the community, but it showed us one thing: We have the gold.
Not so much people are capable to find and extract gold, to be honest: Most of us are just lurkers, fortune hunters and times could be rough when a mass hype destructs all the mines, but people had keep going, continuing the work.

How the crypto economy relates to the traditional economy now?

It is expanding much faster than any other economy in the world. Our frontiers in adoption are companies like Crypto.com paying hundred millions of dollars ($50 bonus for every new customer) to onboard millions of users, others like Coinbase paying $166 anyone to motivate in learning about cryptocurrencies. Handshake is airdropping hundreds of dollars (on current rates) to open-source developers and these are just a few examples of how generous and prosperous our thriving world is. In comparison: Revolut, a fintech company which is very similar to Crypto.com only paid 10 USD for new card holders and no one would ever pay you to educate yourself about financials. Developers? They historically get a fraction of a fraction of the pie in Silicon Valley. (Sorry Y Combinator, you are a delightful exception)
These companies I mentioned are very traditional ones and they are not innovating in software, but keeping our gates open to the new world. I don’t want to credit here any of the thousands of developer teams, all working on the “real deal”. I only leave here a link to the list of all variants of the Bitcoin source code alone. Understanding what blockchain companies are working on is a whole new profession now.
The idea of a crypto company is the DAO (Decentralized Autonomous Organization). Which covers trustless, often anonymous and fully transparent organizations with profit sharing and they are aimed to become better alternatives to traditional companies. Most of us in the community have different understanding, proposals and hopes about what a DAO should be, but common sense tell us it is the next big thing to emerge.

Wild West is Happening

We are building railway systems across the land, making connections and interoperations between blockchains. We are attracting a lot of immigrants day-to-day, because we have better paying workplaces, better interest rates and in overall a flourish economy. We are growing a strong identity to support our nation as the blockchain developers, economists, philosophers and investors. Our money is under our control as we own our future and all of us knows: We will soon show the world, what we are capable to achieve.
This is my view of the crypto world. This is the manifesto of “digital America”.
RAZ
contact me at zawiasa.hu
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Heckle Thread

Last week I just stopped reading post replies. We are in times when there is a lot to gain, and none of my brokers pay out on rhetoric ... all of them pay out on results.

Now it's the weekend I have a bit more time for this unproductive stuff.

I've noticed people ask questions, but do not want to know the answers.
Make points, but do not care to defend them against debunks.
Profess to know everything, but provide evidence of nothing.

From this I have to assume you're not here to discuss things so we can all mutually improve. So this is a thread for you to have what you want.

You can make your comments. I'll pretend I do not do this for a living. Have not already dealt with all the things you're raising and never heard this stuff the first time I typed; "What is a Forex?" into Google.

I'll just pretend you said something extremely new, clever, astute and interesting.
You can be smug.

Seems to be pretty much the root of what your looking for.
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What Is Capitalism?

Capitalism is an economic system in which private individuals or businesses own capital goods. The production of goods and services is based on supply and demand in the general market—known as a market economy—rather than through central planning—known as a planned economy or command economy.
The purest form of capitalism is free market or laissez-faire capitalism. Here, private individuals are unrestrained. They may determine where to invest, what to produce or sell, and at which prices to exchange goods and services. The laissez-faire marketplace operates without checks or controls.
Today, most countries practice a mixed capitalist system that includes some degree of government regulation of business and ownership of select industries.
Volume 75% 2:05

Capitalism

Understanding Capitalism

Functionally speaking, capitalism is one process by which the problems of economic production and resource distribution might be resolved. Instead of planning economic decisions through centralized political methods, as with socialism or feudalism, economic planning under capitalism occurs via decentralized and voluntary decisions.

KEY TAKEAWAYS

  • Capitalism is an economic system characterized by private ownership of the means of production, especially in the industrial sector.
  • Capitalism depends on the enforcement of private property rights, which provide incentives for investment in and productive use of productive capital.
  • Capitalism developed historically out of previous systems of feudalism and mercantilism in Europe, and dramatically expanded industrialization and the large-scale availability of mass-market consumer goods.
  • Pure capitalism can be contrasted with pure socialism (where all means of production are collective or state-owned) and mixed economies (which lie on a continuum between pure capitalism and pure socialism).
  • The real-world practice of capitalism typically involves some degree of so-called “crony capitalism” due to demands from business for favorable government intervention and governments’ incentive to intervene in the economy.

Capitalism and Private Property

Private property rights are fundamental to capitalism. Most modern concepts of private property stem from John Locke's theory of homesteading, in which human beings claim ownership through mixing their labor with unclaimed resources. Once owned, the only legitimate means of transferring property are through voluntary exchange, gifts, inheritance, or re-homesteading of abandoned property.
Private property promotes efficiency by giving the owner of resources an incentive to maximize the value of their property. So, the more valuable the resource is, the more trading power it provides the owner. In a capitalist system, the person who owns the property is entitled to any value associated with that property.
For individuals or businesses to deploy their capital goods confidently, a system must exist that protects their legal right to own or transfer private property. A capitalist society will rely on the use of contracts, fair dealing, and tort law to facilitate and enforce these private property rights.
When a property is not privately owned but shared by the public, a problem known as the tragedy of the commons can emerge. With a common pool resource, which all people can use, and none can limit access to, all individuals have an incentive to extract as much use value as they can and no incentive to conserve or reinvest in the resource. Privatizing the resource is one possible solution to this problem, along with various voluntary or involuntary collective action approaches.

Capitalism, Profits, and Losses

Profits are closely associated with the concept of private property. By definition, an individual only enters into a voluntary exchange of private property when they believe the exchange benefits them in some psychic or material way. In such trades, each party gains extra subjective value, or profit, from the transaction.
Voluntary trade is the mechanism that drives activity in a capitalist system. The owners of resources compete with one another over consumers, who in turn, compete with other consumers over goods and services. All of this activity is built into the price system, which balances supply and demand to coordinate the distribution of resources.
A capitalist earns the highest profit by using capital goods most efficiently while producing the highest-value good or service. In this system, information about what is highest-valued is transmitted through those prices at which another individual voluntarily purchases the capitalist's good or service. Profits are an indication that less valuable inputs have been transformed into more valuable outputs. By contrast, the capitalist suffers losses when capital resources are not used efficiently and instead create less valuable outputs.

Free Enterprise or Capitalism?

Capitalism and free enterprise are often seen as synonymous. In truth, they are closely related yet distinct terms with overlapping features. It is possible to have a capitalist economy without complete free enterprise, and possible to have a free market without capitalism.
Any economy is capitalist as long as private individuals control the factors of production. However, a capitalist system can still be regulated by government laws, and the profits of capitalist endeavors can still be taxed heavily.
"Free enterprise" can roughly be understood to mean economic exchanges free of coercive government influence. Although unlikely, it is possible to conceive of a system where individuals choose to hold all property rights in common. Private property rights still exist in a free enterprise system, although the private property may be voluntarily treated as communal without a government mandate.
Many Native American tribes existed with elements of these arrangements, and within a broader capitalist economic family, clubs, co-ops, and joint-stock business firms like partnerships or corporations are all examples of common property institutions.
If accumulation, ownership, and profiting from capital is the central principle of capitalism, then freedom from state coercion is the central principle of free enterprise.

Feudalism the Root of Capitalism

Capitalism grew out of European feudalism. Up until the 12th century, less than 5% of the population of Europe lived in towns. Skilled workers lived in the city but received their keep from feudal lords rather than a real wage, and most workers were serfs for landed nobles. However, by the late Middle Ages rising urbanism, with cities as centers of industry and trade, become more and more economically important.
The advent of true wages offered by the trades encouraged more people to move into towns where they could get money rather than subsistence in exchange for labor. Families’ extra sons and daughters who needed to be put to work, could find new sources of income in the trade towns. Child labor was as much a part of the town's economic development as serfdom was part of the rural life.

Mercantilism Replaces Feudalism

Mercantilism gradually replaced the feudal economic system in Western Europe and became the primary economic system of commerce during the 16th to 18th centuries. Mercantilism started as trade between towns, but it was not necessarily competitive trade. Initially, each town had vastly different products and services that were slowly homogenized by demand over time.
After the homogenization of goods, trade was carried out in broader and broader circles: town to town, county to county, province to province, and, finally, nation to nation. When too many nations were offering similar goods for trade, the trade took on a competitive edge that was sharpened by strong feelings of nationalism in a continent that was constantly embroiled in wars.
Colonialism flourished alongside mercantilism, but the nations seeding the world with settlements were not trying to increase trade. Most colonies were set up with an economic system that smacked of feudalism, with their raw goods going back to the motherland and, in the case of the British colonies in North America, being forced to repurchase the finished product with a pseudo-currency that prevented them from trading with other nations.
It was Adam Smith who noticed that mercantilism was not a force of development and change, but a regressive system that was creating trade imbalances between nations and keeping them from advancing. His ideas for a free market opened the world to capitalism.

Growth of Industrial Capitalism

Smith's ideas were well-timed, as the Industrial Revolution was starting to cause tremors that would soon shake the Western world. The (often literal) gold mine of colonialism had brought new wealth and new demand for the products of domestic industries, which drove the expansion and mechanization of production. As technology leaped ahead and factories no longer had to be built near waterways or windmills to function, industrialists began building in the cities where there were now thousands of people to supply ready labor.
Industrial tycoons were the first people to amass their wealth in their lifetimes, often outstripping both the landed nobles and many of the money lending/banking families. For the first time in history, common people could have hopes of becoming wealthy. The new money crowd built more factories that required more labor, while also producing more goods for people to purchase.
During this period, the term "capitalism"—originating from the Latin word "capitalis," which means "head of cattle"—was first used by French socialist Louis Blanc in 1850, to signify a system of exclusive ownership of industrial means of production by private individuals rather than shared ownership.
Contrary to popular belief, Karl Marx did not coin the word "capitalism," although he certainly contributed to the rise of its use.

Industrial Capitalism's Effects

Industrial capitalism tended to benefit more levels of society rather than just the aristocratic class. Wages increased, helped greatly by the formation of unions. The standard of living also increased with the glut of affordable products being mass-produced. This growth led to the formation of a middle class and began to lift more and more people from the lower classes to swell its ranks.
The economic freedoms of capitalism matured alongside democratic political freedoms, liberal individualism, and the theory of natural rights. This unified maturity is not to say, however, that all capitalist systems are politically free or encourage individual liberty. Economist Milton Friedman, an advocate of capitalism and individual liberty, wrote in Capitalism and Freedom (1962) that "capitalism is a necessary condition for political freedom. It is not a sufficient condition."
A dramatic expansion of the financial sector accompanied the rise of industrial capitalism. Banks had previously served as warehouses for valuables, clearinghouses for long-distance trade, or lenders to nobles and governments. Now they came to serve the needs of everyday commerce and the intermediation of credit for large, long-term investment projects. By the 20th century, as stock exchanges became increasingly public and investment vehicles opened up to more individuals, some economists identified a variation on the system: financial capitalism.

Capitalism and Economic Growth

By creating incentives for entrepreneurs to reallocate away resources from unprofitable channels and into areas where consumers value them more highly, capitalism has proven a highly effective vehicle for economic growth.
Before the rise of capitalism in the 18th and 19th centuries, rapid economic growth occurred primarily through conquest and extraction of resources from conquered peoples. In general, this was a localized, zero-sum process. Research suggests average global per-capita income was unchanged between the rise of agricultural societies through approximately 1750 when the roots of the first Industrial Revolution took hold.
In subsequent centuries, capitalist production processes have greatly enhanced productive capacity. More and better goods became cheaply accessible to wide populations, raising standards of living in previously unthinkable ways. As a result, most political theorists and nearly all economists argue that capitalism is the most efficient and productive system of exchange.

Capitalism vs. Socialism

In terms of political economy, capitalism is often pitted against socialism. The fundamental difference between capitalism and socialism is the ownership and control of the means of production. In a capitalist economy, property and businesses are owned and controlled by individuals. In a socialist economy, the state owns and manages the vital means of production. However, other differences also exist in the form of equity, efficiency, and employment.

Equity

The capitalist economy is unconcerned about equitable arrangements. The argument is that inequality is the driving force that encourages innovation, which then pushes economic development. The primary concern of the socialist model is the redistribution of wealth and resources from the rich to the poor, out of fairness, and to ensure equality in opportunity and equality of outcome. Equality is valued above high achievement, and the collective good is viewed above the opportunity for individuals to advance.

Efficiency

The capitalist argument is that the profit incentive drives corporations to develop innovative new products that are desired by the consumer and have demand in the marketplace. It is argued that the state ownership of the means of production leads to inefficiency because, without the motivation to earn more money, management, workers, and developers are less likely to put forth the extra effort to push new ideas or products.

Employment

In a capitalist economy, the state does not directly employ the workforce. This lack of government-run employment can lead to unemployment during economic recessions and depressions. In a socialist economy, the state is the primary employer. During times of economic hardship, the socialist state can order hiring, so there is full employment. Also, there tends to be a stronger "safety net" in socialist systems for workers who are injured or permanently disabled. Those who can no longer work have fewer options available to help them in capitalist societies.

Mixed System vs. Pure Capitalism

When the government owns some but not all of the means of production, but government interests may legally circumvent, replace, limit, or otherwise regulate private economic interests, that is said to be a mixed economy or mixed economic system. A mixed economy respects property rights, but places limits on them.
Property owners are restricted with regards to how they exchange with one another. These restrictions come in many forms, such as minimum wage laws, tariffs, quotas, windfall taxes, license restrictions, prohibited products or contracts, direct public expropriation, anti-trust legislation, legal tender laws, subsidies, and eminent domain. Governments in mixed economies also fully or partly own and operate certain industries, especially those considered public goods, often enforcing legally binding monopolies in those industries to prohibit competition by private entities.
In contrast, pure capitalism, also known as laissez-faire capitalism or anarcho-capitalism, (such as professed by Murray N. Rothbard) all industries are left up to private ownership and operation, including public goods, and no central government authority provides regulation or supervision of economic activity in general.
The standard spectrum of economic systems places laissez-faire capitalism at one extreme and a complete planned economy—such as communism—at the other. Everything in the middle could be said to be a mixed economy. The mixed economy has elements of both central planning and unplanned private business.
By this definition, nearly every country in the world has a mixed economy, but contemporary mixed economies range in their levels of government intervention. The U.S. and the U.K. have a relatively pure type of capitalism with a minimum of federal regulation in financial and labor markets—sometimes known as Anglo-Saxon capitalism—while Canada and the Nordic countries have created a balance between socialism and capitalism.
Many European nations practice welfare capitalism, a system that is concerned with the social welfare of the worker, and includes such policies as state pensions, universal healthcare, collective bargaining, and industrial safety codes.

Crony Capitalism

Crony capitalism refers to a capitalist society that is based on the close relationships between business people and the state. Instead of success being determined by a free market and the rule of law, the success of a business is dependent on the favoritism that is shown to it by the government in the form of tax breaks, government grants, and other incentives.
In practice, this is the dominant form of capitalism worldwide due to the powerful incentives both faced by governments to extract resources by taxing, regulating, and fostering rent-seeking activity, and those faced by capitalist businesses to increase profits by obtaining subsidies, limiting competition, and erecting barriers to entry. In effect, these forces represent a kind of supply and demand for government intervention in the economy, which arises from the economic system itself.
Crony capitalism is widely blamed for a range of social and economic woes. Both socialists and capitalists blame each other for the rise of crony capitalism. Socialists believe that crony capitalism is the inevitable result of pure capitalism. On the other hand, capitalists believe that crony capitalism arises from the need of socialist governments to control the economy.
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https://preview.redd.it/grfmt8oe4le41.png?width=1199&format=png&auto=webp&s=49d71283e37563aff53287dff7c1f99f993fb8b5
submitted by MattPetroski to ItalicoIntegralism [link] [comments]

Looking for a good broker to exchange cryptocurrency

This is a bit of a technical post. I will be moving to Dubai in January. I'm a forex trader by profession. My broker currently only allows to withdraw my profits as bitcoin. This was great news for me because I hated the withdrawal processes to my bank account. It took too long and I didn't have the patience to wait. With bitcoin all you had to do was to send your BTC from your brokers wallet to your wallet in Coinbase. And then from there it was pretty much easy. All you had to do was convert the crypto into fiat, pay your taxes on it and then you're free to sue it. All in all the whole process took around 15-20 minutes. But the issue that I have here is that Coinbase isn't supported in the UAE. Upon my research the next best thing that I've found is a company called BitOasis. But they don't specifically say if they allow you to receive crypto.
I really want to get this whole thing sorted out before I arrive in Dubai. I don't want to use my pre-existing Coinbase account because then I'd have to pay tax to the government when in reality I made those profits while I'm in Dubai. So you see why that doesn't make any sense?
Now I need the help of this community to help me find a good cryptocurrency broker. The ideal broker should be one that allows you to send and receive cryptocurrency (mainly bitcoin), one that has a wallet where you can store all your coins, one that allows you to convert your crypto to fiat currency, one that has a smooth process for withdrawal of your money to your bank account and one that has reasonable service charges. Looking forward to all your replies!
submitted by JoelSam014 to dubai [link] [comments]

Trading Tips for Beginners

It is not recommended going in without planning to test the market out or get it. At the point when you're first and foremost periods of your profession in forex, it is even more critical to compel yourself to oversee hazards by setting Stop Loss and Take Profit marks. You can begin taking more risks as you get the hang of examples and your own trading character.
· When you increase a touch of experience you will have the option to all the more likely foresee advertise developments and strategist in like manner. In the first place, nonetheless, it is encouraged to take no chances and utilize the first and last 15-20 minutes or so seeing as opposed to taking an interest.
· See which money sets are the most gainful and fit best with your trading plan. Likewise, brokers additionally have their favored markers. You ought to likewise observe which one is the most open to you in that you can see how it will influence the market.
· When you've thought of an arrangement that you think will work for you, don't surrender it whenever there's any hint of vulnerability. What you need to do is test it out under various conditions and over a decent time frame. On the off chance that you've had three losing exchanges a line, it doesn't mean you will lose the fourth one as well.
· Trading cannot be said as betting, however, it may appears because of the component of vulnerability and hazard. It is truly not about individual exchanges. You have to make it a practical acquiring open door for you. To accomplish this you should be perceptive, logical, and reliable. When you can get the hang of this, you will see that there is in certainty a technique to the fractiousness all things considered.
submitted by Andrew-Mark to u/Andrew-Mark [link] [comments]

Forex Trader Professional Course To Become An Expert Forex Broker

I want to explain something essential to start on the right path in this exciting profession, so I will talk about what a professional Forex trader course is and the characteristics that quality training should have.
submitted by fourthstreet01 to u/fourthstreet01 [link] [comments]

Professional Forex Traders Follow These Things And So Should You!

Professional Forex Traders Follow These Things And So Should You!
In all the fields the most successful people have just one secret and that is to follow a set of rules without a fail. Forex trading is no different from other professions. There is a list of things that all successful traders have been following and whether you are a beginner or a seasoned trader, following the tips mentioned in this post will also smoothen your way to progress.

Hafizzat Rusli
1. Aim For A Goal And Define Your Style For Trading
Having a goal or destiny set in your head always helps you reach it easily. It clears up your mind, helps you eliminate extra or unnecessary things, pick up the essentials and define a pace to achieve smaller goals.
With defined goals, you will be able to choose the different ways to achieve them and also help you to figure which of the ways will be the best. It just does not help you choose the best way but also gives you an option of plan b in case the prior does not work well for you.
2. Picking Up The Right Broker And A Suitable Trading Platform
The paramount of being a successful trader is to know what trading platform suits you the best and if you have also chosen the right broker. The platform you want to work on is very much related to the broker you choose. It is the broker who will be providing you with a trading platform so you must choose the particular broker who can provide you the platform which you want to use.
Do thorough research on both the trading platform and the broker because an appropriate trading platform is useless if the choice of broker is not right and the vice versa.
3. Be Consistent With Your Methods
Before starting forex trading professionally you have to choose some trading styles, right broker, trading platform, etc. As important is this step, sticking to the methodology is equally significant. If you keep changing your methodologies and strategies, you will be on phase one and that is going to take you nowhere near to the success. Once you have picked up your trading style (which should also be done after complete research) then stick to it and keep making yourself better at it with practice and time.
4. Do An Analysis Every week
The forex market is closed on the weekend and that is surely the time to relax for a while but also a thorough analysis. On the weekends you can take some time out to study the weekly charts, go through the political and geopolitical news of the country whose currency you have invested in. This strategy keeps you on toes and in case there is some loss coming your way you can reduce its impact or even dodge it completely.
5. Determine Entry and Exit Points
Many traders get confused by conflicting information that occurs when looking at charts in different timeframes. What shows up as a buying opportunity on a weekly chart could show up as a sell signal on an intraday chart. Therefore, if you are taking your basic trading direction from a weekly chart and using a daily chart to time entry, be sure to synchronize the two. In other words, if the weekly chart is giving you a buy signal, wait until the daily chart also confirms a buy signal. Keep your timing in sync.
6. Expectancy Calculation
The formula for determining the reliability of your system or strategy is known as expectancy. By calculating expectancy we mean that you should be comparing your wins with your losses. Once you know if you won more or the times you lost was more, the next step is to figure out how big were both wins and losses.
E= [1+ (W/L)] * [P-1]
E is expectancy, W is for wins, L is for losses and P represents win ratio percentage.
In forex trading, this is a very important thing to keep on the right track.
7. Have A Formal Printed Record Of Your Steps
One of the best tools to learn and grow is a printed record. You can print a chart use it to record things like entry and exit points, the reason to make a trade, the reason to retreat from a particular trade, the trades in which you were overconfident and suffered a loss, the wise strategies that you followed, and similar things which in future will help you to make better decisions.
submitted by HafizzatRusli14 to u/HafizzatRusli14 [link] [comments]

Indian Financial Sector Daily Update

The RBI may face legal challenges to its rule on the age limit for bank CEOs, unless it is changed. The RBI caps the age limit for banks at 70. But under the Companies Act, banks that are also registered companies can have chief executives who are over 70 years of age by passing a special resolution. IndusInd Bank and HDFC Bank have their current chiefs reaching the RBI age cap over the next year and half, said analysts. -Economic Times
Finance Industry Development Council wants the RBI to allow deposit-taking NBFCs with an asset size of more than ₹500 crore to be eligible for grant of Category II Forex licence. -Business Line
None of the ATMs of Dena Bank, Vijaya Bank and Bank of Baroda will be closed down or deemed redundant for the next 1-2 years following the merger, according to Rajesh Malhotra, general manager, BoB. -The Hindu
A 93-year-old bank in Tamil Nadu is moving to Mumbai. The boards of Lakshmi Vilas Bank and Indiabulls Housing Finance this week approved the merger between the two to create what would be known as the ‘Indiabulls Lakshmi Vilas Bank’.Now the merged entity - Indiabulls Lakshmi Vilas Bank - will shift headquarters to Mumbai. -Economic Times
SBI is targeting over 15% growth in its real estate portfolio and 12-14% overall growth in the retail book in the coming financial year, Parveen Kumar Gupta, MD-retail and digital banking, told. -Financial Express
HDFC Bank reported a 5% year-on-year (y-o-y) increase in advances for March 2019 at Rs 8.1 lakh crore, while its deposits grew by 17% to Rs 7.8 lakh crore. -Financial Express
David Malpass, US President Donald Trump's nominee to lead the World Bank, won unanimous approval from the institution's executive board on Friday, continuing the 73-year tradition of an American running the world's largest development lender. -Business Line
The recent Supreme Court order relating to EPS may open the doors for employees who were till now excluded from EPS to join the scheme. Also, the pension calculation formula may change resulting in increase in pension for employees who have already contributed to pension on full pay in the past. Going forward, the pension may be calculated on the basis of average salary of last 12 months and not 60 months which was the basis till now. Apart from these, the ruling has also opened doors to all existing members of EPFO to avail option of contributing on higher salary for a higher pension in the future. However, the above is in the realm of 'possible' because EPFO is yet to come out with its view on the impact of the SC ruling. -Economic Times
Amit Shah, who was a stock broker by profession before jumping into active politics, owns hundreds of listed and unlisted stocks, key among them being RIL,TCS, Bajaj Auto, Colgate-Palmolive, Grasim, HUL, L&T Finance and UltraTech Cement, among others. His affidavit, filed with the Election Commission of India as part of his nomination papers Lok Sabha seat, shows he held listed shares worth Rs 17.56 crore as of March 22, 2019. Unlike his opponent though, Rahul Gandhi has equity exposure mainly through mutual funds. His affidavit for the Wayanad constituency shows his investments are in mutual funds only instead of directly holding stocks. Rahul Gandhi has investments worth Rs 5.19 crore in 10 mutual fund schemes. -Economic Times
 -#060419 
submitted by venuangamaly to indianews [link] [comments]

WHY YOU’LL NEVER MAKE MONEY IN FOREX

When you need to prevail as awful as you need to inhale, you'll be fruitful. Much like throughout everyday life, you won't get far in exchanging Forex when you don't have the correct attitude coming in.
You've done your back testing, you've ensured you have the best system, you've pursued the best mentors, yet despite everything you end up with hardly a penny? It left you asking, what was I fouling up?
More than the correct devices and the correct procedure, your exchanging achievement relies upon you-yourself alone. For what reason is that? I hear you cry! All things considered, let me share a story to give you a superior picture.
The Story of Poor John:
A few moons prior, there was a yearning broker, named John. He worked in a 9-5 work as a bookkeeper. Tired of his daily schedule, John regularly ended up slacking off amid available time. At some point, he saw his cohort on Facebook boasting about how stunning his ongoing outing to the Caribbean was. Jealous, he burrows further. He proceeded to discover his companion's profile, just to see pictures after pictures of how great his life has turned out. This made him question himself: for what reason would he say he is progressively fruitful when I was a superior understudy growing up?
John pondered what his companion's mystery was. He made an inquiry or two and he at long last found his solution. His companion is exchanging the Forex Market! Thus this insane thought happened upon him. He figured, "I can do that as well"! I can likewise leave my exhausting activity, become a merchant, and lastly do what I needed throughout everyday life!
Not long after, John exited his profession with his fantasies of turning into a full-time Forex dealer. He was envisioning himself exchanging while at the same time sitting on a shoreline bed in a pure heaven some place. "It will be wonderful", he panted!
John did light research about the issue and immediately took in the nuts and bolts. He began with the base store and was currently acquiring penny after penny. Be that as it may, to John, it was insufficient. There was a voice in his mind that continued saying, "I didn't exit my profession for a couple of hundred dollars every month"! So he needed to take activities…
Following quite a while of perusing, back testing, and exchanging, John figured that the day has come! He had at long last framed a procedure! His fantasies of tasting piña colada while exchanging on his telephone under the blasting Maldives sun is at last working out!
Everything went well toward the start for John. His profit developed from a couple of dollars to a couple of hundred dollars every week. John was in incandescently happy! He's done it!
Yet, little did poor John know something horrible is en route… .
Half a month had passed, and the tides have turned. John was collecting many losseses. Brisk to his feet, John changed his system, and that fortunately spared him. Following several days, however, something wasn't right once more, thus John chose to make a couple of more alterations. Some work, generally fizzled. This went on. Many tweaks, John has slowly lost confidence in his methodology and on himself. He chose to proceed onward and begin starting with no outside help, just to be on a similar spot a long time after. He's fallen in the "Cycle of Doom"!
What has John Done Wrong?
John has tumbled to what a significant number of us call, the "Cycle of Doom". He picked and built up a technique; changed it when things went poorly arranged; endured misfortunes; changed it once more, and after that dumped it when he totally lost trust on the procedure.
This people, isn't the manner by which you do it. In the case of something doesn't work, worry not, as you'll be given numerous odds to get back up. Continuously back test your procedure, so you'll foresee how things may go later on. Besides, have confidence in your system. Try not to let enable yourself to be excessively made up for lost time with your feelings, as this accomplishes more harm than great.
Something else that John got wrong when he went in, was his mentality. He trusted the showcasing stunt numerous teachers have guaranteed: exchange while on the shoreline; duplicate somebody's exchange while never knowing anything, and become wealthy in only a $100, etc! He thought it was simple peas! (Disclaimer: I'm not saying that these aren't right, however arriving won't be a simple stroll in the recreation center. It will require investment.)
John speaks to the many hopeful brokers of today. A significant number of us came here reasoning that Forex is a snappy rich plan. Many idea it was simple. All things considered, I prefer not to break it to you, however it doesn't work that way. Exchanging the Forex Market requires diligent work, a ton of coarseness, and a huge amount of persistence.
Since you recognize what prompted John's end, I trust you'll take the lesson of our the present blog and apply it on your day by day life as a broker. Tell me what your musings are. Do you know a few Johns throughout your life? Have you been in a comparable circumstance? What have you done to get past it? I would love to hear your accounts!
Thus I close this with a notice: don't resemble Poor John.
Contact: https://hawksfx.com, +44 208 638 8973.
Head Office
Kemp House, 152 - 160 City Road, London EC1V 2NX United Kingdom
Asian Branch
19/1, Sri Sumanarama Road,
Mount Lavinia, Sri Lanka
submitted by Hawksfx to u/Hawksfx [link] [comments]

10-16 02:23 - 'Hurling Rocks at Caimans: A Cowboy's Tale' (self.Bitcoin) by /u/mine_myownbiz13 removed from /r/Bitcoin within 56-66min

'''
In 1991, my mother had the foresight to leave Venezuela for the United States. She sacrificed a medical profession, her family, her friends, and the comforts of her own land and culture. It was before Chavez, before communism, before famine, before societal collapse. She didn’t know it at the time (perhaps she felt it), but she was saving our lives. Recently, I was asked by her brother, my uncle, to give some words of advice to his youngest son, whom he sent to live in upstate New York earlier this year in the hopes that he might find some opportunity there. He’s 17 and fascinated by cryptocurrencies, but knows next to nothing about them. I wrote this letter for him.

Hello Cousin,
I write you in the hopes that you will take away something useful from my own experience.
There’s a saying in English that’s always stayed with me, “There’s no such thing as a free lunch.” In other words, nothing in life is easy, not money, not love, not anything. Nothing worth your time is ever going to be easy. There’s no free lunch!
I first got into trading in 2008. Your dad had heard from a friend that Citigroup stock was going to pop soon and that he should buy it. The US Stock Market can only be traded by U.S. citizens and special types of corporations, so he asked me to act as a proxy for his investment, and I did. I did it because I thought it would be a get-rich quick rich scheme that I could learn to do on my own. At this time I was in graduate school and unsure of what to do with my life. I’ve always been good at school. It’s easy for me. I had professors telling me I’d make a great scholar or a great lawyer, but at the time I was teaching middle-school English in a poor neighborhood of Miami. I had a big decision to make.
Naturally, I decided to get rich quick! I spent 2-3 months reading books on stock trading and executing simulated trades on practice accounts. I learned to work a variety of trading platforms so that I could trade several markets around the world, which I did. I quit my job in the fall of 2008 and took my entire life savings of $20,000 into the market. The broker gave me 3.5 times leverage on my money and I had $70,000 of available trading capital. When your dad made his deposit my account had a trading capacity of over $2,000,000. With that kind of margin, I was able to turn $20,000 into over $160,000 in less than 9 months! I was making over $15,000 a month. As a teacher, at the time, I think I made about $2,700 a month. So, as you can imagine, I thought I was a genius! I was getting rich quick, right?
Wrong. There’s no such thing as a free lunch. When your dad sold his share of stock being held in my account I was also forced to liquidate my own positions. I had bought call options on the future price of Apple stock, and the way that kind of trading works is that your money is locked until the future event you are betting on occurs. If you liquidate before a certain date there may be a penalty to pay. In my case, it was $35,000. After this, I had the good sense to step away for a moment, to cash out my chips and think about what came next. Also, I didn’t have a $2,000,000 trading desk anymore, and without the added margin, there was no way I could continue to trade the way I wanted to. I wanted to make medium to long term trades, because one of the first things I learned along the way is that short term trading (day-trading, scalping) is, for the most part, a scam. There are technical reasons for this, but trust me, short-term trading any market, be it cryptos, stocks, or commodities is a bad idea. You will lose money with an almost 100% guarantee.
I walked away from the stock market in 2009 with $150,000 cash but no market to trade it in. So, I did the next best thing: I bought a nice new car (in cash), took a crazy trip to Europe, and consumed over $25,000 worth of shit I didn’t need, and when it was all said and done, I went back to teaching. I taught at an even poorer neighborhood this time. I had gang members in my class. There were arrests on a monthly basis. Some of the kids had psychological problems, emotional problems, learning disabilities, and many of them were being abused at home in one way or another. This was a middle school. Twelve year-olds. I did that job and others like it because I believe in morality and in helping people. That’s the reason I’m writing you this letter, because I want to help you, and I think it's the moral thing to do. And you’ll see what I mean by that when I tell you about cryptocurrencies and the blockchain later on. Anyway, during that year of teaching I discovered a new market to trade. One that would give me 100 to 1 leverage on my money. One where I could manage a $5,000,000 trading desk with only $50,000! That market is called FOREX, and its the global “fiat” currency market. It’s the opposite of the crypto market, which is the global “digital” currency market. More on what all that means later, but for now just understand that FOREX is the most liquid and highly traded market in the world.
After the school-year ended in May of 2011, I took that summer off to research the FOREX market. I read many new books on trading, which were specific to the currency markets. I watched hundreds of hours of video on technical analysis and even more hours of “financial news,” which is mostly economic propaganda, but I won’t digress here. The point is that by late August of 2011, I was once again ready to dive head-first into trading. This time, I thought, it would be even better, because I’d have even more money to “play” with! This time, I thought, I’m going to get rich!
I’ll stop here and tell you that the journey up until this point had not been the smoothest. While trading stocks there were many days when I lost hundreds, thousands, and even tens of thousands of dollars in hours, sometimes in minutes! You may imagine the added level of stress I had to deal with because I was trading with my entire life’s savings and my wife had just given birth to our son, Sebastian. He was a toddler at the time. I’ll give you a brief example of trading’s unpredictable nature, and the unpredictability of financial markets in general: I had spent several months preparing for my first live trade. I’d read many books and practiced my ass off until I thought I was ready. I had a system, a strategy. I was going to get rich, quick! The first week I traded stocks I lost $10,000 in 3 days. I will never be able to fully articulate what it feels like lose 50% of all the money you’ve ever had in less than 72 hours. All the while knowing that if you fail, it will be your family who suffers the most.
You might be wondering: “Shit, why’d you do it?” or “Why’d you keep doing it?” That’s understandable. After all, my academic background is in history and political science, not finance and economics, not statistics. Well, cousin, I did it because I’m a cowboy. A risk-taker. I’ve always been one. I remember being four or five, at our grandfather’s farm, and lassoing calves in the cattle pen by myself. Men were around, but they let me do it. Although, in retrospect, some of those calves were twice my size and could have easily trampled me, I don’t ever remember feeling scared---I loved that shit! I remember sneaking out and walking down to the pond, then going up to the water’s edge to see if I could spot the caiman that lived there. I would even hurl rocks at it sometimes, just to see it move! Another time, I found myself alone in the dark with a 15-foot anaconda not more than a yard away, and all I could do was stare at it, not out of fear, but wonder. Again, in hindsight, probably not the best of ideas, but I’ve never been scared to follow the path laid out by my own curiosity. I am a natural risk-taker. I tell my city-slicker friends that it's because I come from a land of cowboys, where men are born tough and always ready for a challenge. Cowboys are risk-takers by nature, they have to be, the land demands it of them. There’ll be more on risk-taking and the role it plays a little later, but for now, let’s focus on FOREX and what I learned from it.
After the school-year ended in May of 2011, I took that summer off to research the FOREX market. I read many new books on trading, which were specific to the currency markets. I watched hundreds of hours of video on technical analysis and even more hours of “financial news,” which is mostly economic propaganda, but I won’t digress here. The point is that by late August of 2011, I was once again ready to dive head-first into trading. This time, I thought, it would be even better, because I’d have even more money to “play” with! This time, I thought, I’m going to get rich!
Trading FOREX was not easy. The hardest part was that it had to be done between 3:00 am - 11:00 am, because these are peak trading hours in London and New York, where the majority of the market’s money resides. This means major price moves, the price swings that can be traded, for the most part, happen during this time window. For me, this meant I had to live a type of quasi-vampiric lifestyle, waking up at 8:00 pm and going to sleep at noon, every day. At first, it takes a toll on your social life, and eventually starts to affect you mentally and emotionally. There is a certain degree of isolation that comes with it, too. You are awake when your friends and family are asleep, and asleep when they are awake. It can get lonely. However, my first six months of trading FOREX were OK. I wasn’t making $15,000 a month anymore, but I was making more than I would have been, had I been teaching. However, I had a deep-rooted feeling of uncertainty. Although I’d had some initial success in trading stocks, and now currencies, I’d always felt, at the back of my mind, that I’d just been lucky, and nothing more.
This fear materialized itself in June of 2012 when the strategy I’d been using for some time was no longer profitable. I panicked. I started experimenting with new strategies, which only made matters worse, and lead to even more panic. It is no exaggeration to say that trading is one-third mathematical, and two-thirds psychological. No amount of books, videos, or paid mentorships, which I also consumed, had prepared me for this eventual reality check: I didn’t know what the fuck I was doing. I had no clue.
I left FOREX humbled, with barely enough money to buy a decent car, much less trade any time soon. The next two years, 2013-2015, were some of the hardest of my life. Harder even than 1991-1993, which, up to that point, had been the worst couple years I’d ever experienced. Those were my first years in the United States, and they were full of hardship. A type of hardship I’d never experienced before, and never have since. Remember the school I mentioned? The one with the gangs and the troubled kids and all the poverty? Well, I attended schools just like that as a kid, too, until I turned 15. I had many more encounters with caimans and anacondas there, except now they had first names, and for some reason, were always more prone to strike! Anyway, those were tough times, but not as tough as the post-FOREX experience.
Failure at FOREX took a mental toll on me. After all, I had gambled everything, my entire future on the bet that I could earn a living as a professional trader. I realized I had failed because of my own intellectual laziness. I always knew I had been lucky, and instead of using the wonderful gift of leisure-time the universe had granted me through that initial success to fill the knowledge gaps I knew would keep me from true and long-lasting success, I let my ego convince me otherwise, and talked myself into making decisions I knew to be extremely dangerous and outside my expertise. I wanted to wrestle the caiman! Cowboy shit. Irrational, youthful folly. Needless to say, I lost 80% of my account, which was also my family’s savings, in less than four months.
Now, I had a real problem. How was I going to pay the bills? What was I going to do with my life? I was 30 years old, had a five-year old son, very little real-world work experience and a college degree in history and political science. How was I going to make money? Serious money? Enough money to help my mom retire and give my son all the advantages I never had? Enough to deliver on the promises I had made to my wife during all those years she put up with my crazy hours and wild ideas about getting rich quick? What was I going to do now? I tell you, cousin, these are the kinds of questions you will find yourself asking if you do not heed my advice.
I didn’t want to teach anymore. I didn’t want to do anything anymore. I was depressed. I had what we call here in the United States, “a quarter-life crisis.” I abused alcohol and drugs to cope with the pain of my failure. I was weak. I was unprepared for the realities of life. I did not yet understand, even at 30 years old, that there is no such thing as a free lunch. I won’t dwell on the specifics of the hardships I endured during these two years, except to say that I almost lost it all, including my life, but I’m grateful I didn't.
However, it was also during this period, 2013-2015, that I began to fill gaps in my knowledge about markets, economics, and the nature of money itself. Gaps I knew would need to be filled one way or another, if I was ever going to trade or invest in anything again. Luckily, towards the end of my FOREX days, I had come to realize there was something wrong with all the information I had been given by the mainstream media, specifically on the topics of economics and finance. I noticed that nothing they ever said about the markets turned out to be accurate, that mainstream financial “news” could not be trusted for investment purposes. It took tens of thousands of dollars in losses and several years of headaches before I learned that lesson. I’m glad I finally did.
I decided to use the last bit of money I had left to buy some gold and silver (by this time I had begun to understand the definition of sound money) and to open up a brick and mortar business. I did not want to work for anyone else, only for myself. I wanted to be an entrepreneur. The trouble was that the only business I had enough money for was a mobile car wash. So, a friend and I bought a van, some pressure cleaners, a whole bunch of soap and got to work! We were going to hustle hard, work warehouse and shopping center parking lots, save enough to reinvest into our business and go after the luxury car market. We were going to charge rich people $1000s to detail Ferraris and Lamborghinis, and it was only going to take six months, tops! Great plan, no? Easy money, right? Well, we washed cars for exactly one day before we realized what a terrible mistake we had made. It turns out car-washing is a backbreaking, low-paying, and degrading business. There’s no free lunch, remember that.
My friend and I were lucky. We quickly transitioned our business from a mobile car wash to a painting/pressure cleaning company, and had immediate success. In less than two months we were hired as subcontractors by a much larger company and I was more or less making what I had made teaching, but working for myself. After a couple of months, my partner and I were already envisioning the hiring of our first employees. Cool, right? No. About a year after we started the business, my partner, a high-school friend of mine, a guy I’d known for more than ten years, decided he didn’t want to do it anymore. That he was too tired of the hardships that come with that kind of work. Tired of making the constant sacrifices required to be successful in business. So, he quit. I lost everything I had invested, because without him, I could not operate the business on my own, and our corporate partner dropped us. I begged him not to quit. I told him that business takes time, that there’s no free lunch, and that we would be rewarded at some point for our hustle and hard work; that we would be able to hire laborers to do the work in less than 6 months, and that we would then focus on sales, and start to make some real money. He did not care. He had his own demons, and chose to steal from me and end our friendship instead of facing the hardship head-on. By this time, however, I was already used to failure, and although I was still coping with the mental stress of having failed at something I once had thought would be my profession, it still did not stop me from following my curiosity, as I always have.
It was during these years that I first learned about Bitcoin. About blockchain. About the nature of money, economic history, the effects of monetary policy on financial markets. I’d wake up at 6:00 am every day, paint houses, pressure clean dirty sidewalks and walls, spend over 2 hours commuting back home every night, and then stay up for as long as my body would allow learning about macroeconomics and the history of markets. I researched the nature of debt and gold a medium of exchange. I read about counter and Austrian economics. I became a libertarian, later, an anarchist, and, after almost two years study, I began to discover legitimate sources of financial news and information, intelligent voices that I could trust. I had acquired enough knowledge and experience to discern the truth from the propaganda, and it was during these same years, these terrible times of hardship, that I finally learned a most valuable lesson on money and markets: capital preservation is the key.
Remember, when I said we’d come back to risk-taking? Well, the trick is not to take it, but to manage it. The secret is education, knowledge. Knowledge truly is, power. Traders are only as successful as the depth of their own knowledge, because it's the only way to keep in check that inherent, paralyzing fear which “playing” with money eventually engenders. As a trader, you must have complete confidence in your “playing” abilities, and this is something only achieved through much study and practice. There’s no such thing as a free lunch, ever.
I want you to know that Bitcoin, the blockchain, and cryptocurrencies are NOT get-rich-quick schemes. They are NOT Ponzi schemes either. They are cutting-edge financial technology, and an emerging asset class. The blockchain has been compared to the agricultural revolution of the Neolithic age and the invention of writing by ancient Mesopotamians, in terms of its importance and potential impact on human civilization. It is a technology which will eventually affect and reshape almost every single industry in the global economy. In the next two decades, all types of industries will be impacted and disrupted by this technology--banking, real estate, healthcare, the legal industry, politics, education, venture capital, just to name a few! This technology allows for something called “decentralized store of value.” Basically, it allows for the creation of an alternative financial system, one where power resides in the hands of the people, instead of corrupt governments and corporations, so that currency crises like the one Venezuela has recently experienced, may one day be completely eradicated, like polio, or bubonic plague.
I will tell you that, at 17 years old, you have an amazing opportunity to set yourself up for incredible success in this brand new industry called the blockchain. There are entire professions that will be birthed into existence in the next 5, 10, and 20 years, in the same way the internet made possible millions of people around the world to work from home, wearing their pajamas, doing a million different things--things which were unimaginable to those who knew the world before the advent of the internet. Of course, it will require a great deal of work and effort on your part, but I assure you, it will be totally worth it!
Today, I am 35 years old. I run a successful ghostwriting business that I manage from the comfort of my own home. I invest exclusively in Bitcoin and precious metals, and hope to retire by the time I’m 40. Well, not really retire, but start on a much-anticipated new phase of my life, one in which I don’t have to worry about financial independence anymore.
To that end, cousin, here is my advice:
  1. Forget about getting rich quick. There’s no free lunch!
  2. Learn the English language, it is one of the tools you'll need for success.
  3. Work or go to school. Either way, dedicate yourself to learning about this new technology as much as you can, and begin to save, as much as you can, in Bitcoin.
I reviewed the website you told me about, [[link]3 , and while I respect, and to a certain extent admire what those gentlemen are doing, I can tell you, unequivocally, that taking those courses won’t turn you into a trader. It won’t make you rich quick. Far from it. In fact, there is nothing that these "warriors" will teach you, that you could not teach yourself for free at [[link]4 .
I’ll end it here. Hopefully, you made it to the end and took away a nugget or two. Please feel free to ask me anything you want about any of it, cousin. I’m always here to help.
'''
Hurling Rocks at Caimans: A Cowboy's Tale
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Author: mine_myownbiz13
1: ww*.cri*toguerre*os*c**/ 2: w*w***bypips.com/ 3: www.criptoguerreros.com]^^1 4: www.babypips.com]^^2
Unknown links are censored to prevent spreading illicit content.
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Forex Trading Online

Basically, the Forex market is where banks, businesses, governments, investors and traders come to exchange and speculate on currencies. The Forex market is also referred to as the ‘Fx market’, ‘Currency market’, ‘Foreign exchange currency market’ or ‘Foreign currency market’, and it is the largest and most liquid market in the world with an average daily turnover of $3.98 trillion. The Fx market is open 24 hours a day, 5 days a week with the most important world trading centers being located in London, New York, Tokyo, Zurich, Frankfurt, Hong Kong, Singapore, Paris, and Sydney. It should be noted that there is no central marketplace for the Forex market; trading is instead said to be conducted ‘over the counter’; it’s not like stocks where there is a central marketplace with all orders processed like the NYSE. Forex is a product quoted by all the major banks, and not all banks will have the exact same price. Now, the broker platforms take all theses feeds from the different banks and the quotes we see from our broker are an approximate average of them. It’s the broker who is effectively transacting the trade and taking the other side of it…they ‘make the market’ for you. When you buy a currency pair…your broker is selling it to you, not ‘another trader’. • A brief history of the Forex market Ok, I admit, this part is going to be a little bit boring, but it’s important to have some basic background knowledge of the history of the Forex market so that you know a little bit about why it exists and how it got here. So here is the history of the Forex market in a nutshell: In 1876, something called the gold exchange standard was implemented. Basically it said that all paper currency had to be backed by solid gold; the idea here was to stabilize world currencies by pegging them to the price of gold. It was a good idea in theory, but in reality it created boom-bust patterns which ultimately led to the demise of the gold standard. The gold standard was dropped around the beginning of World War 2 as major European countries did not have enough gold to support all the currency they were printing to pay for large military projects. Although the gold standard was ultimately dropped, the precious metal never lost its spot as the ultimate form of monetary value. The world then decided to have fixed exchange rates that resulted in the U.S. dollar being the primary reserve currency and that it would be the only currency backed by gold, this is known as the ‘Bretton Woods System’ and it happened in 1944 (I know you super excited to know that). In 1971 the U.S. declared that it would no longer exchange gold for U.S. dollars that were held in foreign reserves, this marked the end of the Bretton Woods System. It was this break down of the Bretton Woods System that ultimately led to the mostly global acceptance of floating foreign exchange rates in 1976. This was effectively the “birth” of the current foreign currency exchange market, although it did not become widely electronically traded until about the mid 1990s. (OK! Now let’s move on to some more entertaining topics!)… What is Forex Trading? Forex trading as it relates to retail traders (like you and I) is the speculation on the price of one currency against another. For example, if you think the euro is going to rise against the U.S. dollar, you can buy the EURUSD currency pair low and then (hopefully) sell it at a higher price to make a profit. Of course, if you buy the euro against the dollar (EURUSD), and the U.S. dollar strengthens, you will then be in a losing position. So, it’s important to be aware of the risk involved in trading Forex, and not only the reward. • Why is the Forex market so popular? Being a Forex trader offers the most amazing potential lifestyle of any profession in the world. It’s not easy to get there, but if you are determined and disciplined, you can make it happen. Here’s a quick list of skills you will need to reach your goals in the Forex market: Ability – to take a loss without becoming emotional Confidence – to believe in yourself and your trading strategy, and to have no fear Dedication – to becoming the best Forex trader you can be Discipline – to remain calm and unemotional in a realm of constant temptation (the market) Flexibility – to trade changing market conditions successfully Focus – to stay concentrated on your trading plan and to not stray off course Logic – to look at the market from an objective and straight forward perspective Organization – to forge and reinforce positive trading habits Patience – to wait for only the highest-probability trading strategies according to your plan Realism – to not think you are going to get rich quick and understand the reality of the market and trading Savvy – to take advantage of your trading edge when it arises and be aware of what is happening in the market at all times Self-control – to not over-trade and over-leverage your trading account As traders, we can take advantage of the high leverage and volatility of the Forex market by learning and mastering and effective Forex trading strategy, building an effective trading plan around that strategy, and following it with ice-cold discipline. Money management is key here; leverage is a double-edged sword and can make you a lot of money fast or lose you a lot of money fast. The key to money management in Forex trading is to always know the exact dollar amount you have at risk before entering a trade and be TOTALLY OK with losing that amount of money, because any one trade could be a loser. More on money management later in the course.
http://tradingoutofthebox.com/
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Looking to get into ForEx/Binary Options safely with no previous experience other than paper silver trading.

Hi everyone.
I was cruising the web and came across a video add for an app that piqued my interest in Binary Options, which reminded me that I wanted to learn about trading ForEx. This add professed an app that would do your trading for you, based on the parameters you set, with an 85% success rate. It was called the Guardian Angel Wing app. The minimum starting investment was $250, then they would gift you with another $125 and you could "start trading right away!" They use Opteck as a broker.
I did some reading and tried to find some reviews and of course I could only find feeedback from people who were unhappy with it. It still got me thinking about how I hate the 9 to 5 grind and I am looking for ways to put more irons in the fire.
Is there a way for a guy who is a blue collar joe to get into these sort of markets without taking massive losses? I'm providing for a family and don't have a lot of money to risk. That's why I was attracted to this GAW app, but I don't have the warm, fuzzy feeling I am looking for with that particular app.
I traded a paper silver account for a year with a small investment, and by the end of the year I had increase the investment by 38%. Although I have no training or experience, I had a gut feeling on the prices of PM's and I would sell on highs and buy on lows. It seemed simple enough and worked for me, but the company I was dealing with changed their policy and made their minimum account holding price a little too high for me to be able to participate anymore.
I just want something I can plink around with on my cel phone, jump in when I see a low and sell off when I see a high, and have the money stashed safely in an account when I am not actively trading.
Is there anything out there for me?
I also posted this on /trading - I am not a bot or a spammmer - Just looking for quick guidance and straight answers. Thanks in advance to anyone who offers constructive advice!
TLDR: Noob looking for an easy Android App to trade ForEx or Binary Options with, without a big buy-in price. Preferably an App that has a free demo account for me to learn on first.
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Binary Matrix Pro Review - Is It Worth or Scam!! Honest Review on Binary Matrix Pro 2015

Binary Matrix Pro Review
A Binary Options Signal Software That Can Net You Up To $1000…! Wow, Does Such A Thing Honestly Exist…?
When it comes to trading and making real, sustained profits, then we could all do with a little helping hand. So when we came across Binary Matrix Pro, an options signal software that promises huge results, we have to admit that our interest was piqued.
But it has to be said that when something appears to be too good to be true, then we've learned through bitter experience that it usually isn't the case. Hence a down and dirty look at exactly what this software is all about. And whether it’s worth you splashing out your hard earned cash on the program, or if you should simply look elsewhere.
What do you get for your money?
Right then. So what Binary Matrix Pro actually is, is a clever program that provides you with a live feed on 700-760 signals per day. It provides you with community reporting that shows the percentages of wins and losses in trades and outcomes on trades that cover the whole spectrum.
Not only that, but it also gives you information on the investment amount, asset, execution date, rate, type, expiry date, expiry rate and payout. And for this information the company charges you, the user, one cent for each signal received.
When you sign up, you get the following benefits:
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Who Is It For?
Well, you might well think that Binary Matrix Pro is only suitable for those who’re new to trading. And whilst it does indeed suit this group of users, it also can be an extremely useful tool for those who’re more experienced. It’s especially useful for those who have limited time each day to trade. And this is because the signals are provided to you 24/7, thanks to the fact that they follow markets that are open at different times around the globe. And if you’re limited on time, then having this valuable information at your fingertips really can be a massive time saver.
The Pros
The software concentrates on the 6 most active pairs of currency traded. These are: EUUSD, GBP/USD, USD/CHF, AUD/USD, USD/JPY and EUGBP You don’t need a fortune in the bank to commence your trading. In fact, the experts at Binary Matrix Pro recommend starting with between $200-$500 dollars. The customer support provided with the software is exceptional. For those who choose to take advantage of the personal trading representative, you can get advice by telephone, email or the customer contact form. You can also request that your account representative gives you a call back.
Whilst you’re free to trade for as long as you want, whenever you want, you can realistically expect to make a substantial profit by trading three days per week for around 40-60 minutes at a time.
The Cons
Well, you do need to have some knowledge of the concept behind currency pair trading. What Binary Matrix Pro does is to provide you with the information to make informed trading decisions. What it is not, is an instruction guide as to the ins and outs of trading.
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The Bottom Line
Listen up! We have to admit that we look at a lot (and we mean a lot!) of software that professes to help you increase your trading profits. And sadly, not many of them get anywhere near hitting the bar… But Binary Matrix Pro is not one of these products – far from it. In fact, we’ll go as far to say that this is perhaps one of the best signal indicators that we've come across in a long time…
And the great thing is that you don’t even have to risk a cent by trying it out. Thanks to the $125 dollar free credit provided during the month of March, you literally can try it out for free. That way you can make a whole bunch of trades, and then decide if the software is a product that might work for you. And, in our humble opinion, it also says a great deal about how confident the team at Binary Matrix Pro are that there program really is the mutt’s nuts!
In a nutshell, we have to say that this is a great concept, and one that will make a lot of people a great deal of money. Well done, guys – and thanks, from all of us…
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Finding a Global Forex Broker

In any profession, you will find people who take advantage of those who aren't aware of the current market. Whenever you buy something, there is the possibility of being cheated. Furthermore, with a broker you purchase advice, which is hard to price. But not all brokers fit the swindler stereotype. In fact, there are many brokers who do a phenomenal job of guarding their clients' interests. Brokers are the people who handle customer orders to buy and sell securities. In the same way that a grocery store acts as a middleman between shoppers and the companies that produce food, a broker acts as a middleman between the securities that trade on the market and the investors who buy them. We should also mention that the word "broker" can be used in a variety of circumstances. It could mean an individual person you deal with or it can refer to a brokerage firm such as Briton Broker.
Briton Brokers is a leading global online broker specializing in Forex, CFDs on US and UK Stocks, Commodities and Spot Metals. Briton Brokers is aiming to create the ultimate and most innovative online trading experience by offering a bespoke trading environment with “One Account, Ten Platforms” Trading Functionality. Briton Brokers customer service provides round-the-clock support in more than 20 languages. Combined with the highest standards in trade execution, pricing transparency and advanced bespoke trading tools make Briton Brokers one of the world’s prominent Forex Brokers. In addition to its retail products, Briton Brokers also offers Forex partnership solutions for banks, financial institutions, brokers and private investors through our White Label, Asset Manager and Affiliates programs. Forex partnership solutions can be customised according to the individual partner’s business needs, with flexible income sharing plans, rebates and other value-added support features
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Best Forex Brokers (Non-US Version) - YouTube

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