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Here's How The Forex Market Works

  • #21
  • Aug 10, 2012 4:34am Aug 10, 2012 4:34am
Quoting 2+2=4ex
Obviously he didn't have ethics for the people of the village. Maybe he justified it in his head by saying greed gave them (the village people - not the music band) what they deserved. Probably even convinced himself that they would do the same if in his position. Call me naive or crazy, but I like to think that what goes around comes around. And I don't mean in some spiritual or voodoo type of way. I believe if you play with fire enough times it will eventually burn you. And all it takes is once. Maybe you get away with it, but maybe not. Maybe...
it's so easy to rob the poor beacuse they are dying to be rich, thats why they didn't keep the money, they saw an easy $15 profit and went for it, thats greed for you.
  • #22
  • Aug 10, 2012 4:37am Aug 10, 2012 4:37am
Quoting PoundTrader
it's so easy to rob the poor beacuse they are dying to be rich, thats why they didn't keep the money, they saw an easy $15 profit and went for it, thats greed for you.
Absolutely. You won't get any disagreement from me on that.
  • #23
  • Aug 10, 2012 4:43am Aug 10, 2012 4:43am
It's interesting (to me at least) how some people are successful at making money and some are not. I think most of the wealthy fall into two categories. Some are good at BSing their way to riches and some were actually good at something that paid well. Though both the rich and the poor are vulnerable to the pitfalls of greed.
  • #24
  • Aug 10, 2012 4:48am Aug 10, 2012 4:48am
Quoting 2+2=4ex
It's interesting (to me at least) how some people are successful at making money and some are not. I think most of the wealthy fall into two categories. Some BS their way to riches and some were good at something that paid well. Though both the rich and the poor are vulnerable to the pitfalls of greed.
true, because most traders think about the money first then the business and most don't like the business just the money part and thats when you lose, you must love what you do to make money
  • #25
  • Aug 10, 2012 5:58am Aug 10, 2012 5:58am
The story suit best to the stock market.
facebook stock=monkeys

The forex market is more efficient...Currencies can be converted into
other things . stock=monkeys can not... you are stuck... they are not worth nothing to start (imaginary value)
and could end up the same...
J.
.
  • #26
  • Aug 10, 2012 9:10am Aug 10, 2012 9:10am
monkey see monkey do
  • #27
  • Aug 10, 2012 9:26am Aug 10, 2012 9:26am
Quoting kostas1
Indeed......
this guy was the 1st monkey trader literally
  • #28
  • Aug 10, 2012 10:13am Aug 10, 2012 10:13am
Vote
  • #29
  • Aug 10, 2012 10:54am Aug 10, 2012 10:54am
does this story means that the man was the bank , and brokers and ibs are assistants , and those of us who lose are the monkeys ?
so which one are you ?
  • #30
  • Aug 10, 2012 12:44pm Aug 10, 2012 12:44pm
Quoting deathgod_ir
does this story means that the man was the bank , and brokers and ibs are assistants , and those of us who lose are the monkeys ?
so which one are you ?
you tell me
  • #31
  • Aug 11, 2012 11:09pm Aug 11, 2012 11:09pm
i'd steal from both lol.

Unless that guy is don corleone.
  • #32
  • Aug 12, 2012 3:06am Aug 12, 2012 3:06am
Quoting thelws
i'd steal from both lol.

Unless that guy is don corleone.
  • #33
  • Aug 15, 2012 6:44pm Aug 15, 2012 6:44pm
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Works well as long as there are plenty of other villages to go to but ethical? Try it again in the same village no -- villagers have become educated (I hope) and now they quit and go on holiday with their $20
  • #34
  • Aug 17, 2012 5:37am Aug 17, 2012 5:37am
Quoting Jamz
Works well as long as there are plenty of other villages to go to but ethical? Try it again in the same village no -- villagers have become educated (I hope) and now they quit and go on holiday with their $20
so you think the villagers would fall to the same trick, sound a lot like us forex traders
  • #35
  • Aug 17, 2012 6:02am Aug 17, 2012 6:02am
The assistant never stole the money, it was just a plot, they never wanted the monkeys, a clever way to rob the villagers to the amount of $15 for each monkey.

They moved onto the next village and bought squirrels from them
Vandag is die dag.....
  • #36
  • Aug 17, 2012 6:06am Aug 17, 2012 6:06am
Quoting Leokira
The assistant never stole the money, it was just a plot, they never wanted the monkeys, a clever way to rob the villagers to the amount of $15 for each monkey.

They moved onto the next village and bought squirrels from them
yeah, i suppect the average pay they paid per monkey was around $15 so making about $20 per monkey profit, not bad for a days work
  • #37
  • Aug 17, 2012 11:11pm Aug 17, 2012 11:11pm
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quote:
Originally Posted by Jamz http://www.forexfactory.com/images/buttons/viewpost.gif
Works well as long as there are plenty of other villages to go to but ethical? Try it again in the same village no -- villagers have become educated (I hope) and now they quit and go on holiday with their $20


Quote
so you think the villagers would fall to the same trick, sound a lot like us forex traders

No, they didn't fall for it this time, they had learnt something about forex and didn't get greedy but took the first profit and closed their trades.
  • #38
  • Aug 18, 2012 7:42pm Aug 18, 2012 7:42pm
Quoting PoundTrader
How The Forex Market Works.

Once upon a time in a village, a man appeared and announced to the villagers that he would buy monkeys for $10 each. The villagers, seeing that there were many monkeys around, went out to the forest and started catching them.

The man bought thousands at $10 and as supply started to diminish, the villagers stopped their effort. He further announced that he would now buy at $20. This renewed the efforts of the villagers and they started catching monkeys again.

Soon the supply diminished even further and people...
AWESOME !!

is this story true tho or based upon a real story
Alternatives are more important than the plan itself
  • #39
  • Aug 18, 2012 8:17pm Aug 18, 2012 8:17pm
LOL !!!

So moral of the story seems simple enough.... walk away with the money you have and dont be greedy untill the next man shows up demanding another animal (Not monkeys because theres none left).

BUTTT THE MILLION DOLLAR QUESTION!!!

HOW DO YOU NOT GET GREEDDDYY IT IS INGRAINED IN OUR HUMAN DNA!!!
  • #40
  • Aug 18, 2012 8:46pm Aug 18, 2012 8:46pm
Quoting PoundTrader
How The Forex Market Works.

Once upon a time in a village, a man appeared and announced to the villagers that he would buy monkeys for $10 each. The villagers, seeing that there were many monkeys around, went out to the forest and started catching them.

The man bought thousands at $10 and as supply started to diminish, the villagers stopped their effort. He further announced that he would now buy at $20. This renewed the efforts of the villagers and they started catching monkeys again.

Soon the supply diminished even further and people started...

I think it is more ideal and suitable to be applied in fried stock

cheer
w
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