Complete Newbie to Forex 90 replies
Newbie asking a newbie interest rate question: 1 reply
Forex Newbie asking some advice 17 replies
Newbie needing some advice 15 replies
Newbie looking for advice 10 replies
DislikedAbove whether it's right or wrong to win in a world full all potential killers, you end up still providing no societal benefit back for what you receive.Ignored
DislikedNot true. A good trader brings money into the economy, keeps people employed, helps oil the machine, and acts as somewhat of a check on the system. The majority of occupations out there aren't any better, and many are worse. At least with trading it is clear to everyone that there are winners and losers, while in most industries this fact is hidden. If someone has a moral issue with trading, they may as well go live in a cave.Ignored
DislikedHi
I consider myself one of the good guys, thats the only reason i post this. I dont think ill get into heaven for doing so and i dont think ill be a bear instead of a fly in my next life. Those things are just baseless speculation. I do it because it feels kinda nice, and thats not because i think people deserve it in general, but because some people deserve it. To be specific, some of the people in this forum are good guys, some of the seniors and some of the noobs, the others i dont even want to think about.
So onwards. Heres a couple of things...Ignored
DislikedNot true. A good trader brings money into the economy, keeps people employed, helps oil the machine, and acts as somewhat of a check on the system. The majority of occupations out there aren't any better, and many are worse. At least with trading it is clear to everyone that there are winners and losers, while in most industries this fact is hidden. If someone has a moral issue with trading, they may as well go live in a cave.Ignored
Quoting myselfDislikedThere are two main dynamics to the world. You provide something to the world (a service or creation) that others need, and others provide you back with something you need. Currency is the foundation that equates this theoretical equality of exchanged services. Employers need you to work, they compensate in pay. You need food, you compensate someone to provide you with it with pay. They need what your employer offers, they compensate the employer with the pay. Trading is in a sense immoral because rather than participating in the give and take, you sustain to only take. Needless to say, you're taking from others who have the same immoral goal of only taking, but the point is you provide nothing to society but get everything back, if successful. You compensate others but are never compensated back for something you have provided to others.Ignored
DislikedIts going to take you at least somewhere in the region of 1.000 hours of hard work, anguish, soulsearching and pure angst
You must be referring to the short, speed-learning courseIgnored
Quoting techno79DislikedUm...money isn't the same economic scarcity like land where there is a fixed amount since the beginning of time.Ignored
Quoting techno79DislikedIf I sell you swampland for 500 dollars, and you sell that swampland to someone else for 700 dollars, where in the chain are you stealing from me and where did I technically lose by taking the "opposing side"?'Ignored
Quoting techno79DislikedYou bought something, it gained in value, the economy grew. Good job.Ignored
DislikedIgnored
DislikedThe newbie only needs to understand one piece of advice.
It takes 10,000 hours of practice to become a competent participant in an industry. Any industry. Including this one.Ignored
DislikedPS. If you don't want to be part of the system (society) then you can't use roads or share in services that others provide (such as your internet to make these posts, food, transportation, etc.) You either have to find some unclaimed land (which is impossible) and live alone completely self-sufficient by not participating in a specialized providing system (where each person provides something different for the whole) or become like this guy:
http://ecoble.com/2007/11/18/250000-...land-paradise/Ignored
Dislikedisn't 1000 hours, too little?
15 000+ I think is more appropriate, here is when the transition towards those who "can" accelerated a lot. Or maybe I was too slow?... hehe. Anyway, this was in my case. (maybe I'm a little bit off with the math, but I think that I'm around this number, 15K).
regards.Ignored
DislikedTrading is the activity in which everyone wants to find the next sucker and the more the suckers bleed the more money the other party makes. Therefore I can hardly imagine how this activity improves more than it destroys.
The argument can continue ad infinitum anyway and it is not the right topic for it.Ignored
DislikedI've heard this excuse time and time again trying to justify trading... especially in the stock world people always talk about how they are "helping companies." Unless it's an original public offering or you only go long on companies you feel will be booming and they plan to sell off more at the top... you're not doing them any favors. This is always my reply:Ignored
DislikedWow wtf was that.
http://www.youtube.com/watch?v=5hfYJ...eature=related
I'll give some advice.
Pipmutt's posts are pretty good. One of the only things we can control in this game is risk. So my advice is watch the market, read the news, watch the market, watch price, oh and watch the market. Skip 99% of the posts on this forum and stay out of the system forum. Question everything.Ignored