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Technical Analysis Fallacy

  • #24,541
  • Apr 26, 2011 2:52am Apr 26, 2011 2:52am
Quoting piccolo
well, it is smart to have the max leverage available as it increases your free margin (given that you trade the same lot size). Big leverage does not necessarily mean that you need to over extend yourself. you can do that with any leverage, lol.

I believe the US restriction of 50:1 is there to guard the people against themselves. Meaning the majority who read an EasyForex ad and bet the farm next day.
ideally thats the case , but beginners will overextend themselves , hence the ultrahigh leverage like 1:400 , they are simply designed to kill beginners
To Live is the rarest thing in the world , Most people exist , that is all
  • #24,542
  • Apr 26, 2011 2:55am Apr 26, 2011 2:55am
Quoting indianguyinny24
this donesnt work anymore....

all the US based accounts are back in US...on 50:1 ratio...

some new dod frank bill made it mandatory...



V
haha, it is called freedom from decision making, the government will do it for you.
  • #24,543
  • Apr 26, 2011 2:57am Apr 26, 2011 2:57am
Quoting maheswara
ideally thats the case , but beginners will overextend themselves , hence the ultrahigh leverage like 1:400 , they are simply designed to kill beginners
My first account back in 2002 had 400:1 and I blew it in 3 days. I know what you are talking about. If I had a leverage 50:1 then, I would last at least a week, lol.
  • #24,544
  • Apr 26, 2011 2:59am Apr 26, 2011 2:59am
Quoting piccolo
haha, it is called freedom from decision making, the government will do it for you.
yes as people upper know better....

decision making....sometime i think do we really have it...????...we are only given some options to CHOOSE from...i doubt we have the liberty and mind to look for a decision aka solution....


V
  • #24,545
  • Apr 26, 2011 3:02am Apr 26, 2011 3:02am
Quoting indianguyinny24
this donesnt work anymore....

all the US based accounts are back in US...on 50:1 ratio...

some new dod frank bill made it mandatory...



V
What about for Canadians? is the same rule applies?
  • #24,546
  • Apr 26, 2011 3:07am Apr 26, 2011 3:07am
Quoting Jaro
What about for Canadians? is the same rule applies?
http://www.forexpros.com/directory/b...country/canada
  • #24,547
  • Apr 26, 2011 3:09am Apr 26, 2011 3:09am
Quoting Jaro
Thanks picollo,
Some took our money, but some operate for a long time - any suggestions?
Regards,
J

P.S. How is everything in Riga? Nice city, was there about 20 years ago.
I can recommend IBFX and 50:1 leverage should be more than enough. Whatever broker you choose, don't leave your positions unattended, especially over the weekend.

PS - my choice originally was based on trading platform because I prefer MT4 but I have been with IBFX for years.
  • #24,548
  • Edited 3:26am Apr 26, 2011 3:12am | Edited 3:26am
Quoting Atomic_Sheep
Possibly a stupid question, but I can't quite figure out the Greek debt question... what is it priced in? Euros? I suppose the other important question is who actually purchased it. From what I read in the news, Germany is the largest holder of Greek debt?
Yes, it is priced in Euros. As far as I understand it, it is the responsibility of all Eur. Union, but Germany is the stronger member, therefore it pays the most.
  • #24,549
  • Apr 26, 2011 3:14am Apr 26, 2011 3:14am
Quoting indianguyinny24
http://www.forexpros.com/directory/b...country/canada
Thanks indianguyinny, will look into it.
  • #24,550
  • Apr 26, 2011 3:24am Apr 26, 2011 3:24am
Quoting Atomic_Sheep
Possibly a stupid question, but I can't quite figure out the Greek debt question... what is it priced in? Euros? I suppose the other important question is who actually purchased it. From what I read in the news, Germany is the largest holder of Greek debt?
As long as you use the news for entertainment purposes only you should be safe but as soon as you try to analyze, make sense and build your positions based on it you will be in trouble.

Quoting from_somewhere
Greece is different from Ireland in that the vast majority of its government debt is held domestically (in Ireland a significant amount of sovereign debt is held abroad, particularly by UK banks).
  • #24,551
  • Apr 26, 2011 5:06am Apr 26, 2011 5:06am
I try to use news as a gauge of what the world is doing as a whole to get a sense of longer term trends. I try not to use news as trading signals. If anything, I've noticed times when it appears news is "planted" to get some favourable moves for those in the business with big bucks. Haven't seen this too much but I'm pretty sure I've seen it.

Thanks for the clarification Jaro.
  • #24,552
  • Apr 26, 2011 6:13am Apr 26, 2011 6:13am
Dear FTI

You have done more good here then even you imagine, You owe no one here anything, but so many owe you. Myself very much included.

Many things are out of our hands in life, but I am sure you know what is best for you. So please take care of yourself first and foremost.

I wish your Doctors great sucess and wish you the best of all outcomes

Thank you Good Sir for your efforts. They have been a grace upon us here.

GoodLuck and God Bless
Change your Mind and you will Change your World
  • #24,553
  • Apr 26, 2011 2:02pm Apr 26, 2011 2:02pm
Quoting maheswara
ideally thats the case , but beginners will overextend themselves , hence the ultrahigh leverage like 1:400 , they are simply designed to kill beginners
Hi Friends,

this discussion always drives me somehow crazy.

One thing is for sure:
Not everyone out there is ready for driving a highend Ferrari. But I'm sure it is possible to drive such a car carefully and slowly. But in case you need some extra power, cause of a dangerous situation evolving around you, you have some extra HorsePowers at hand and can save your a...

I would also consider it as somehow strange, to complain against a sportscar manufacturer, cause someone got killed by driving too fast ...

But that's just my very personal opinion ...

All the best,
Niels
  • #24,554
  • Apr 26, 2011 2:30pm Apr 26, 2011 2:30pm
Quoting MaMood
Hi Friends,

this discussion always drives me somehow crazy.

One thing is for sure:
Not everyone out there is ready for driving a highend Ferrari. But I'm sure it is possible to drive such a car carefully and slowly. But in case you need some extra power, cause of a dangerous situation evolving around you, you have some extra HorsePowers at hand and can save your a...

I would also consider it as somehow strange, to complain against a sportscar manufacturer, cause someone got killed by driving too fast ...

But that's just my very personal...

Well said MaMood!
It is very good idea to start learning on the OLD car, and NOT start on the Ferrari! Every scratch on it is very expensive.
P.S. Any suggestions on the broker? LOL!
Thanks
Jaro
  • #24,555
  • Apr 26, 2011 2:59pm Apr 26, 2011 2:59pm
Quoting fti
Lets try plastic. too much stainless steel already.
High risk accession. Not a bad day, nevertheless.
Main task is removing the clots.

http://www.tudou.com/programs/view/_5dcoRCI4Kg/

http://www.youtube.com/watch?v=e_p0dxEGvj8

regards
Hi fti,

write for us all, your "new birthday date".
We are all yours debtors, on this day we should all be in thoughts with you ...
Unwavering faith for you

PS My grandmother and grandfather have operated heart ... about 25 years (they are 89 and 96 years)

Rgs
  • #24,556
  • Apr 26, 2011 3:29pm Apr 26, 2011 3:29pm
Quoting Jaro
P.S. Any suggestions on the broker? LOL!
Thanks
Jaro
Hi Jaro

1.office broker ... to be available to you (not on the other side of the globe ... if solve the problem).
2.regulation and the type of broker (FSA,NFA reg. and STP,DD,ECN ...?).
http://www.100forexbrokers.com/fsa-regulated-brokers
3.references (use "uncle" google ...)
4.four decimal places, or five decimal places ... you know what I mean?
5.leverage efect is a "killer", you must accept him in calculated your money management.
6.AOW 2.01.05
Having an able commander."
- It is important to have trustworth allies in the access of the battlefield. Beware of brokers conflicts of interest.
- It is important to have trustworthy logistics support, access and information. Beware of "experts".
7.God created the world himself and he was satisfied with himself

Rgs
  • #24,557
  • Apr 26, 2011 4:46pm Apr 26, 2011 4:46pm
Quoting Gro
Hi Jaro

1.office broker ... to be available to you (not on the other side of the globe ... if solve the problem).
2.regulation and the type of broker (FSA,NFA reg. and STP,DD,ECN ...?).
http://www.100forexbrokers.com/fsa-regulated-brokers
3.references (use "uncle" google ...)
4.four decimal places, or five decimal places ... you know what I mean?
5.leverage efect is a "killer", you must accept him in calculated your money management.
6.AOW 2.01.05
Having an able commander."
- It is important to have trustworth allies in the access...
Thanks Gro!
Agree, and can live with everything except point 7.
God is perfect and I am NOT. Therefore I can use ALL the help I can get. LOL
But thanks for your thoughts - they are valid and usefull.
Blessings,
Jaro
  • #24,558
  • Apr 26, 2011 5:35pm Apr 26, 2011 5:35pm
was any news out there...


V

PS: i guess it was sweep orders...
  • #24,559
  • Apr 26, 2011 7:19pm Apr 26, 2011 7:19pm
Quoting Jaro
Thanks Gro!
Agree, and can live with everything except point 7.
God is perfect and I am NOT. Therefore I can use ALL the help I can get. LOL
But thanks for your thoughts - they are valid and usefull.
Blessings,
Jaro
Evolution is still correcting error
  • #24,560
  • Apr 26, 2011 8:23pm Apr 26, 2011 8:23pm
Quoting Gro
Evolution is still correcting error
No Evolution can correct me. It has no mind! I believe in Creator. I saw what Evolution - No God - did in the former Soviet Union.

What is happening with E/U???
Good Traiding,
J
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