EURUSD

Lol yes and a quick buy stop + tp trigger for me.

Is Fitch finish or more talk?

They talk whenever they want without warning.

so far only covered france

still got the others to come hopefully today

SO Standard & Poor is yet to come out to talk today?

damn well hope so!

H & S invalidate?

to screwup:

You aren´t bored at last ... Waiting for Godot.

hopefully S&P downgrades Europe over the weekend
cross your fingers

hope for a gap up finally

It perfectly bounced back from my technical trendline at about 1.3082.
I guess we will break it and find our way up for up to ~100 pips. If not: Hello 1.25

"Gaps" don't exist.


We are at 1.31857 right now.

volume on mt4 is not the trading volume. it's number of ticks , it's not possible to find actual volume

Last week, I applied a job named "Equity Day Trader" from a company named "World Trade Securities" in Montreal, Canada. They gave me a pre-interview test and i passed it so they would give me an interview shortly.

I was very exciting, however, I asked them a few questions and their answers made me shock. Their general process is if i passed the interview, they would offer me a 2-weeks training and then they will give me firm's capital to trade. I asked them 3 questions:
1st, do i need to pay for the training?
2nd, do i need to take risk if i lost firm's capital during the trading
3rd, how will i get paid if i could earn profit for them.

Here is their answers:

The training program lasts 2 weeks in a classroom and we charge $1000 for the training. While we do not want to charge for the training, in the past when we offered it for free people would come in and take the course and then leave right after. Of a class of 10, we would have maybe 1 or 2 who remained with us after the training ended. That is a huge waste of our time and we are only interested in candidates who are looking to make a career out of day trading with WTS, not those looking to take a free course to learn about the markets and then leave.

There is no base salary to the trader position, neither during the training or after the training once you are trading. Compensation is based purely on trading profits, where you would receive a percentage of your trading profits (50% to start, goes up to 70% if you make more than $5000 in a month). That is why we ask how long you would be willing to go without making money, as during the process of learning how to trade, you will not be making profits and thus will not be paid (you will actually be losing the company’s money at the beginning while you trade). After the training, you immediately begin trading the firm’s capital. We rarely ask a trader to leave because they are losing money (especially at the beginning, when we fully expect you to lose money). We will allow traders to stay even as they lose money as long as we see potential in them as traders, so as long as we think that they can turn things around and become profitable.

It looks there are so many "scam points" from their answer.

1st, i didnt see a reason why people would come to take free trading courses with them. Any serious people who wants to be a real trader would like to really trade, not only get a course. More importantly, we all know that theory may helps a little bit, however, you need to have good money management and psychology to be a good trader more than just know the theory. There is also no reason for people come to there take a "free" course. Especially their firm is in Montreal, I am living at Ottawa, which cost me spend more than 2 hours to drive to there and if I relocate to there, it cost me money to find a place to live in and "waste" my time as well..

2nd, their compensation seems to be too good. 50% of the profits i made and i did not take any risk because i trade their money?? What's even more radiculuos is they would keep people in there as long as they thought he has potential even though those traders keep losing money.. So what if i use their capital to trade, by the same time, i opened a contra trade on my personal account with 1/3 size of the trade i opened with their capital? For example, if i earn 3 dollars using their capital, that means i lose 1 dollar thourgh my personal account, they would give me 50% profits=1.5 dollars, so my net profit will be 0.5 dollar. If i lost 3 dollars using their capital, that means i earn 1 dollar throught my personal account and they took the risk for the 3 dollars i lost using their capital so my net profits=1 dollar...

i dont know, in my opinion, i think it is more likely a scam. I wish anyone who actually worked in some real trading firms or who have friends work in there can tell me if that is a scam (such as, do people need to pay for the training, is that possible that they offer such high compensation? and by the way, 5000 dollars does not seem to be a huge money if there is a larger capital, why they used value in dollars instead of value in percentage of the account to determine the threshold point?)...

Thanks for all your suggestion.

Hi there, my first post here.

I am looking for a pull back towards the down trendline, once there, price action will guide me in the decision for a short, long or nothing.

Last month I went on an interview for a similar opening.
They said training is required before they can make a final job offer. The training though was for free, but as it turned out, the opening was a sham to simply attract the unexperienced.
Half way through the training course, the trainers started making hints on how its much better to trade on your own and make money for yourself rather than for the company.
By the end of the training course, we were bombarded with marketing stunts, and flat out requests for us to open our own accounts (with our own money) at their brokers' .

Apparently from an scam artist if only in contact online to them . 2 hours drive is nothing , simply check them physically to verify if exists, location , licences & other records . not believe any anything virtual .
fontu

sounds fishy. my experience with a hedge fund was different

the process usually is, they would give you a course, after you are approved, first they want to know how good you are.

100k demo through their terminal
then after 6 months of statistics they run through your demo, of draw down, ROI, Risk assesment, etc.

if you are good enough, then here in the US you have to apply for a permit through the regulatory body.

they start you off with 100k and you keep 15% of profits, they will fire you if you are not consistent. they are in the business of making money and only take traders that will do that, YOU SHOULD ALREADY BE A GOOD TRADER before they take you. Their training focuses mostly on their expectations.

and will scale you on your performance

100k then 500k then 1 mio 5 mio and max trading line of 10 mio.

if they are TEACHING YOU TO TRADE, its a scam. IT IS A WEED OUT PROCESS, they weed you out, only take the BEST TRADERS.