What is easier, robbing a bank or trading profitably? | Forex Factory

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What is easier, robbing a bank or trading profitably?

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  • What is easier?
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  • #1
  • First Post: Edited Jul 3, 2010 10:52am Jul 2, 2010 12:13am | Edited Jul 3, 2010 10:52am
Spend 5 minutes to think about it, robbing a bank is not too hard if you planify it well, with a few thousands dollars you can rob a small bank during the night, after planify it during a month, and get a Risk Return Ratio better than the RRR that you would win in Forex in the same period.

I really think that winning money robbing banks is easier than become profitable in Forex in the long term. What do you think?
  • #2
  • Jul 3, 2010 1:30am Jul 3, 2010 1:30am
BUt if you get caught, you go to jail and basically ruin you history/life. And in forex you will just lose money.
Yea it's Life//
  • #3
  • Jul 3, 2010 2:50am Jul 3, 2010 2:50am
Their isn't so much cash anymore in the bank .
“Aim for the highest.” Andrew Carnegie
  • #4
  • Jul 3, 2010 8:46am Jul 3, 2010 8:46am
lol

'Repeated Human Behviours in the market'- Late Honourable Jesse Livermore.

I am now discovering repeated human behaviours (i trade FTSE 100 only) and trading looks to me possible after putting hard work.
  • #5
  • Jul 4, 2010 12:06am Jul 4, 2010 12:06am
Become profitable in Forex is WAY easier hands down.

In forex, you can become profitable within minutes.

To rob a bank, you have to plan, study, gather resources and tools, recruit accomplices, plan more and rely on luck. Tiny one thing goes wrong in the robbery, you end up losing everything and you have to start from not from zero but from negative.
Make your losses in demo. Earn your profits live.
  • #6
  • Jul 4, 2010 1:04am Jul 4, 2010 1:04am
Quoting Forexia
Become profitable in Forex is WAY easier hands down.

In forex, you can become profitable within minutes.
I could also rob a bank within minutes. Both are theoretical and unreasonable suggestions. If we rule out a lucky break, both take significant study and planning.

Robbing a bank and becoming a profitable trader aren't equal, anyway. We can assume that a successful bank robbery will yield a large amount of money, yet "profitable trading" might not be enough to sustain a middle-class lifestyle.
  • #7
  • Jul 4, 2010 4:27pm Jul 4, 2010 4:27pm
Aren't they the same thing?
Time hides Nothing
  • #8
  • Jul 4, 2010 4:50pm Jul 4, 2010 4:50pm
Robbing a bank electronically is safer and more profitable but you normally goto prison for longer as opposed to using a gun to hold it up.

Get a Job in a banks IT department. Write a program to transfer the amount you want from the banks suspense account to an account outside of the EU on a Friday evening where there is a public holiday.

Good luck.

Scoobs.
  • #9
  • Jul 4, 2010 4:53pm Jul 4, 2010 4:53pm
Quoting scooby-doo
Robbing a bank electronically is safer and more profitable but you normally goto prison for longer as opposed to using a gun to hold it up.

Get a Job in a banks IT department. Write a program to transfer the amount you want from the banks suspense account to an account outside of the EU on a Friday evening where there is a public holiday.

Good luck.

Scoobs.
Is there an EA for this?
Time hides Nothing
  • #10
  • Jul 4, 2010 4:54pm Jul 4, 2010 4:54pm
depends what your robbing from the bank?!?!

I walked out with 2 pens without the security noticing once upon a time!

or

I walked out with a student account with 2500 pounds of approved overdraft that I had no plans of paying back!!!

  • #11
  • Jul 4, 2010 5:00pm Jul 4, 2010 5:00pm
Quoting CindyXXXX
Is there an EA for this?
I belive you need to find out what the access code and 2 passwords are for the suspense account.

You will need to transfer it to an account who's location is somewhere where they do not share financial information with your country of residence and have no extridition treaty in place.

Scoobs.
  • #12
  • Jul 4, 2010 5:03pm Jul 4, 2010 5:03pm
Quoting scooby-doo
I belive you need to find out what the access code and 2 passwords are for the suspense account.

You will need to transfer it to an account who's location is somewhere where they do not share financial information with your country of residence and have no extridition treaty in place.

Scoobs.
Too hard - Isn't there an EA somewhere I can download...
Time hides Nothing
  • #13
  • Jul 4, 2010 5:09pm Jul 4, 2010 5:09pm
Quoting CindyXXXX
Too hard - Isn't there an EA somewhere I can download...
On a serious note, I do know someone from the UK who took out 5 x £15,000 unsecured loans and £20,000 on credit cards. He went to Thailand for 6 years.

Apparently under UK rules once 6 years has passed they write the depts off if you are not traceable within the EU.

Scoobs.
  • #14
  • Jul 4, 2010 5:44pm Jul 4, 2010 5:44pm
Quoting Trad3r
Spend 5 minutes to think about it, robbing a bank is not too hard if you planify it well, with a few thousands dollars you can rob a small bank during the night, after planify it during a month, and get a Risk Return Ratio better than the RRR that you would win in Forex in the same period.

I really think that winning money robbing banks is easier than become profitable in Forex in the long term. What do you think?
Make sure to get a plug for your ass during your stay. There are some lonely, angry men in there just waitin to tear you up!

Besides, trading is legal and incredibly easy. You just have to allow it to be easy and not freak out when you take a loss all the while realizing that you will make more gains than losses.
I dream, therefore I become.
  • #15
  • Jul 4, 2010 6:38pm Jul 4, 2010 6:38pm
Quoting kingfisher
lol

'Repeated Human Behviours in the market'- Late Honourable Jesse Livermore.

I am now discovering repeated human behaviours (i trade FTSE 100 only) and trading looks to me possible after putting hard work.
You are absolutely right. I have just discovered 'Repeated Human Behaviours in the market' too and now wish to begin trading seriously. I did this research from my meta 4 trader chart looking back to 2004 and discovered RSI indicator setting 7 parameter, which I would like to share with you. Set RSI to Parameter 7, trade within levels 55 and 45 for buy and sell on your H1 TF, Filter with ADX and/or MACD, go for take profit 10pips to 20pips maximum at a time, but you will be guaranteed more of 10pips at any time. if you consistently make 10pips once or twice daily when the signal is available, you can get at least US$100,000 in a year beginning with US$1,000, the next year you can diligently turn it to US$1million. I researched on AUD/USD with it but looks like it works perfectly with other majors.

As for comparing robbing a bank with FX trading, You need to make a really big bank robbery to get a net personal share of US$100,000 and you need to make this big bank robbery every year consistently.
  • #16
  • Jul 4, 2010 7:07pm Jul 4, 2010 7:07pm
Quoting CindyXXXX
Is there an EA for this?
You know I have heard this line hundreds of times but this was the funniest thing I have read in a long time...

Comedians will all tell you, Timing is everything...
  • #17
  • Jul 5, 2010 8:19am Jul 5, 2010 8:19am
Quoting CindyXXXX
Is there an EA for this?
PM sent
  • #18
  • Jul 8, 2010 5:35am Jul 8, 2010 5:35am
Definitely trading forex is a much better choice.

From a legal point of view, forex trading is Legal while robbing bank is illegal.

Forex trading involves much lesser physical strength or physical fitness however Robbing Bank you must have good stamina & physical fitness.

Anyway, what an unique discussion topic you have here. :-)
  • #19
  • Jul 13, 2010 3:53am Jul 13, 2010 3:53am
Quoting Forexia
To rob a bank, you have to plan, study, gather resources and tools, recruit accomplices, plan more and rely on luck. Tiny one thing goes wrong in the robbery, you end up losing everything and you have to start from not from zero but from negative.


Are u describing trading above or robbing a bank??
  • #20
  • Feb 22, 2011 6:39am Feb 22, 2011 6:39am
LMAO this is pretty funny. No robbing a bank is far easier than learning to become profitable. People keep talking about the risk when risk isn't the issue. The Question IS IT EASIER to rob a bank. Yes its easier to buy a gun hire help and strong arm rob a bank than to spend years honing your mind to trade.

Is it more rewarding to learn to trade (when weighed against the risk) Absolutely, but i personally think as far as planning and executing a strong arm robbery goes definitely easier to plan a robbery.
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