The age of financial intermediation is over. Open markets are the future.

Why not look at natural resources and human capital (demographics, education, productivity, institutions, etc.)

About half a year

The most reliable indicator turns out to be central bankers' wives.

I just learned about the functionality of a map. This may do the trick, as it stores both keys and values.

I'm curious about the storing of data too. For a while I've been studying to program in Java, and have hit a little bump when reading data from a CSV. What I want to do, is read every column of the dataset into a new array, and do this in a generic ...

Addiction and intellectual pursuit

After the fact, traders tend to artificially categorize markets as having been bullish, bearish, trending, or anything else we can come up with. However, for the most part, we tend classify nothing but the product of randomness. What you're saying ...

If money is the purpose, then yes, you're right. In all other cases, it doesn't matter if there is money; it matters where it came from (or where it didn't come from).

I think he gets it, but he's just talking about the real world. In the real world, there is a 100% probability that any coin is unfair.

Ok, if this is a genuine question, the answer is that it doesn't matter. Your chance of success will always be 50%. Sticking with heads, sticking with tails, switching every round, switching every other round - it's all the same.

Theoretically, the carry trade doesn't exist. Based on interest rate parity, the expected spot rate at future point in time equals the price of a futures contract with that maturity. Given arbitrage properties, the futures price is then determined ...

The swap isn't always negative, though it is a source for brokers' profits, and therefore tilted towards the negative side. Why not trade the pairs in the direction so that you get a positive swap? see url

If I may add to this. Forex markets are, to a certain extent, subject to purchasing power parity. When the prices of the Big Mac differ too much, cost minimizing agents would want to engage in trade. This trade comes with demand and supply of ...

Haha, that sums it up nicely, and I think it's also the general answer to the question asked in the title of the thread. No, we don't think forex trading sucks, because we love it. Though many of us keep hopes up: whether we make money or not is ...

I think you interpret it differently than I intended. What I tried to say is: image Note that n is countable. The intuition is as follows: If you have even a negative expectancy, if you trade long enough, there is a 100% chance that you won't end ...

A standard brownian motion without drift has an expectancy equal to the current state. Because the increments are independent, and identically distributed, it is a fact that you cannot "beat" it. If you state that you can beat the market, I'll take ...

Exactly. There actually is lots of evidence that the market is random. And if the market is random, no risk management can ever create a positive expectancy. Check out some of Hanover's posts: he has made quite an effort teaching that to his peers.

Yea, in that sense scalping never existed in the retail market.

Ok, the link you're providing actually supports the hypothesis that a very large fraction of the traders fail. I'll tell you why in a minute. With my academic background, I'm afraid I have to admit that my opinion is tilted towards to that erock. ...