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Banning All Retail Forex In The United States?

  • #61
  • Nov 18, 2014 11:35am Nov 18, 2014 11:35am
Quoting Mingary
{quote} When do we start.
soon,
as could do with topping up the tan
  • #62
  • Nov 18, 2014 11:44am Nov 18, 2014 11:44am
I personally do not see any thing wrong with hedging, perhaps what's his name should employ a different Gardner or am I misunderstanding his objections.
Attached Image
Cut your Losers short and let your Winners run.
  • #63
  • Nov 18, 2014 11:44am Nov 18, 2014 11:44am
Quoting Carlsberg
{quote} i want to be a Broker maybe we should all club together and start our own Brokerage, preferably somewhere hot the British Virgin Islands looks like the idea location {image}

You should start a private fund in ghana. Seems like people are waiting in line to give away their money...
  • #64
  • Nov 18, 2014 11:54am Nov 18, 2014 11:54am
Quoting gravitist
Smash, Totally agree. That's what I dislike about government in general and THIS administration especially. Big Nanny assumes we are sheeple who need their "guidance". Again, it is better to live under robber barons than under moral busybodies. Robber barons at least will occasionally LEAVE US ALONE but government goody-two-shoes will pester us incessantly, because they think they're actually doing us favor whether we asked for it or not. Sorry, Mr. Professor " Green-booger", I don't want your "help", I want you to bugger off. Well, at least the...
In reality, the previous Administration was the worst the United States of America has seen in its modern history. The current Administration came into existence amid two wars for oil and PSA contracts to global oil barons and a financial crisis unlike anything we've seen subsequent to the great depression, along with a global liquidity meltdown where trillions of dollars of wealth were shifted en mass.

President Obama (the current occupant), has taken a lot of credit for crises that were created by previous Administrations long before he was even born. It was Carter, who issued the first Presidential Warning about Global Wars for Oil and Natural Resources, but we completely ignored him because (incorrectly) we believe that he was responsible for high inflation, rising gas prices and unemployment - all of which were triggered under the previous Administration and OPEC's decision to squeeze supply - none of which was understood by the average American "Citizen" walking the street back then.

In absolute full disclosure, our Foreign Policy problems with respect to the Middle East did not begin under Obama - they began under Dwight D. Eisenhower and they were set into place with Operation T/P Ajax, which was a joint CIA/MI6 operation to undermine the Iranian Government and its "democratically" elected President. That's what led to decades of really bad U.S. foreign policy decisions with respect to Energy (oil) and it is precisely what led to the Iranian Hostage Crisis of 1979, again - where the wrong President took the heat for causing the problem.

In 1962, just nine (9) short years from our involvement in the coup attempt in Iran, we once again stepped across the line of sanity, better judgement and common sense and drafted an actual plan to front a Terror Attack (sound familiar?) against the United States of America (or, involving U.S. Citizens more to the point), in an attempt to gin-up support for an invasion of Cuba. Why? Because, the so-called "Military Industrial Complex" that President Eisenhower, spoke about during his farewell address in 1961 (apparently, having something of an epiphany after his involvement in the coup attempt in Iran - or maybe he was just smoking something, I don't know), got completely out of control and desperately wanted to "replace" President Kennedy's authority as Commander In Chief, apparently at all costs. That "False Flag" plan became known as "Northwoods" (though that was not its clandestine operational name).

Ironically (not really), "Northwoods" (as we know it today), called for the use of Commercial Airliners in a staged "Terrorist" plat involving American Citizens. The plan had been authored, discussed and modified (several times) at the level of the Joint Chiefs of Staff. It was President Kennedy, who put an end to the plan - not too long afterwards, someone put an end to President Kennedy.

On September 11th, 2001, four Commercial Airliners were used in the attacks known as 911. These attacks were also said to have been plotted, planned and executed by "Terrorists." In the wake of 911, at the Pentagon in Arlington, we have impact geometry that does not match a Boeing 757-200 and no substantial aircraft recovery. At Shanksville, we also have an impact crater that does not match a Boeing 757, again with no substantial (virtually none at all) aircraft recovery. In New York, we have engine components having been recovered that do not match the engines used on a Boeing 767. Such inconsistency in data and physical evidence with all of commercial aviation crash site history in the U.S., is bizarre at best.

I have a specific background and familiarity with the Boeing 757 as Pilot in Command. When you tell me that a Boeing 757-200 slammed into the side of a building and you then show me the impact damage caused by the impact, I have very specific things that I expect to see at such a crash site. When I don't see any of those things at the crash site, I will have many questions about your claim that a Boeing 757-200 caused the damage that you describe. When you show me Flight Data that indicates a Boeing 757 slammed into the ground at over 500 mph with a negative Angle-of-Attack to the point of being inverted, and then you tell me that debris from that same (exact) airframe ended up over eight miles away in New Baltimore, I will have many questions about your claim.

I am a student of history, not a historical revisionist. I don't re-write history. I analyze the facts and let the chips fall were they may.

"An uninformed and misguided voting electorate is the primary ingredient for the gradual dismantling of an otherwise well maintained Republic." - iDoubleStoch

Yeah... (said tepidly) I just quoted myself. Bad form - I know. I know. But, it fits the current "State of our Union" so perfectly. that I simply could not resist. We have become a nation of Dumbed Down Sheeple and we do not take the time to properly educate ourselves on the history of the place we call home: These United States of America.
F-X-C-M | A Classic Retail Bucket Shop Scam Artist Who Manipulates Prices
  • #65
  • Nov 18, 2014 12:14pm Nov 18, 2014 12:14pm
Quoting Smiler
Move to another country - there will always be one country available - like tax havens. Or make your money fast and retire young before it's closed down.

You could move here:
Inserted Video


But, you might need bodyguards if you do. Or, at least a Conceal Carry Weapons Permit.

Marbella, indeed it is nice. But, not without a CCW H&K P2000sk chambered in +p Federal HST 124 grain JHP 9mm. The home security and surveillance system would have to be custom and state of the art, just as well.

There's your "tax haven." But, it appears that it comes with a cost.
F-X-C-M | A Classic Retail Bucket Shop Scam Artist Who Manipulates Prices
  • #66
  • Nov 18, 2014 12:58pm Nov 18, 2014 12:58pm
Quoting Smiler
Move to another country - there will always be one country available - like tax havens. Or make your money fast and retire young before it's closed down.
Yes, that's one option. I've considered moving to London, but it's almost impossible to get a good steak there and I really don't like curry. Perhaps the tide is turning. Perhaps some people have decided they would rather take their chances at succeeding in private enterprise than be slaves to a nanny state. At least enough of those people turned out to vote in the last US election to put up another firewall against the socialists. In the end though, these do-gooders who would take away our freedoms for our own protection are incessant and they will never give up on their dream of a one-world socialist utopia. They are supported by the huge mass of people who are already dependent on the government in one way or another for their survival and that number grows everyday, by design.

I'm old, and I probably wont live to see the last American freedom exchanged for a food stamp, but that day is approaching more quickly than I would ever have imagined when I was young and freedom was cherished by most. I can't say the things my heart fears since it would seem alarmist. I will leave that to a few short quotes by others of greater wisdom:

The greatest dangers to liberty lurk in the insidious encroachment by men of zeal, well meaning but without understanding.
Louis D. Brandeis

It is seldom that liberty of any kind is lost all at once.
David Hume

It will be found an unjust and unwise jealousy to deprive a man of his natural liberty upon the supposition he may abuse it.
George Washington

It behooves every man who values liberty of conscience for himself, to resist invasions of it in the case of others: or their case may, by change of circumstances, become his own.
Thomas Jefferson

The contest for ages has been to rescue liberty from the grasp of executive power.
Daniel Webster

Timid men prefer the calm of despotism to the tempestuous sea of liberty.
Thomas Jefferson

I would rather belong to a poor nation that was free than to a rich nation that had ceased to be in love with liberty.
Woodrow Wilson

Experience teaches us to be most on our guard to protect liberty when the government's purposes are beneficent.
Louis D. Brandeis
  • #67
  • Nov 18, 2014 1:08pm Nov 18, 2014 1:08pm
just curious with the guy on those article, picture headlined "combs his hair as he prepares to teach an all-day forex-trading seminar at MTI's school in Lake Mary, Florida"
surely a comment from fx chief sound reliable thought from some who made living from training about trading, is he even trading till now ?
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is there any special thread, a deep technical method of how we should follow a facebook page.
for one who plan to reform own brokers at previous post, here's your important to consider, a facebook page!
  • #68
  • Nov 18, 2014 3:13pm Nov 18, 2014 3:13pm
Quoting iDoubleStoch
{quote} In reality, the previous Administration was the worst the United States of America has seen in its modern history. The current Administration came into existence amid two wars for oil and PSA contracts to global oil barons and a financial crisis unlike anything we've seen subsequent to the great depression, along with a global liquidity meltdown where trillions of dollars of wealth were shifted en mass. President Obama (the current occupant), has taken a lot of credit for crises that were created by previous Administrations long before he...
Excellent.Hope you don't mind me sharing this elsewhere
Where price is now, it has been before, and will be again.
  • #69
  • Nov 18, 2014 6:46pm Nov 18, 2014 6:46pm
Quoting Jenx
{quote} It was sort of tongue in cheek you know? Although to an extent I do believe that inexperienced traders lose not only because of their mentality but also because they rely biblically on indicators and TA using Historic data. How on earth can past data (apart from PA) EVER tell you what is going to happen next?
Totally agree. I've done a LOT of work with price action over the years and have LOTS of data to back up that this market is not as random as the majorities think.

INTEREST is a LOT more than what a bank charges you for borrowing money. It is in BROKERS INTEREST for the majority of traders to learn traditional TA and try to apply it to this market. This market doesn't work that way and it's NO ACCIDENT 90% of FX traders lose - it's because of this IMO...
"Holy Grail" exists - accepting where is the first step.
  • #70
  • Nov 18, 2014 6:48pm Nov 18, 2014 6:48pm
Quoting VaBikePacker
{quote} Totally agree. I've done a LOT of work with price action over the years and have LOTS of data to back up that this market is not as random as the majorities think. INTEREST is a LOT more than what a bank charges you for borrowing money. It is in BROKERS INTEREST for the majority of traders to learn traditional TA and try to apply it to this market. This market doesn't work that way and it's NO ACCIDENT 90% of FX traders lose - it's because of this IMO...
If you are good at something, never do it for free--Joker
  • #71
  • Nov 18, 2014 8:01pm Nov 18, 2014 8:01pm
Quoting iDoubleStoch
If you are a Retail Forex Trader, then you had better read this: http://www.bloomberg.com/news/2014-1...stly-lose.html . And, you had better watch this: http://www.bloomberg.com/video/ex-cf...IXtyPH67g.html...
Don't panic there is cme futures with volumes.
it's o'k to win ...
  • #72
  • Jan 20, 2015 9:27pm Jan 20, 2015 9:27pm
Quoting Mingary
{quote} I agree 100 %. ... To wit, the typical journey of a retail forex trader: Lose and lose and lose some more, go on a Guru search and systems and indicators and spend lots and lots on the "sure fire" things and so called experts and do training some more and more books more systems and more money spent and lost in the market. Now out of money?, no problem. go to bank borrow money, second mortgage and credit card and pay day loans and pennies found on the street and borrow money from friends and lose it all. Now totally out of money?, friends...
Still, shouldn't be left to the people to to decide, how do they want to waste their lives?
  • #73
  • Jan 21, 2015 12:56am Jan 21, 2015 12:56am
LOL This is what China used to do is ban all Forex trading and now they have actually opened up to forex trading over there and now in North America, it's thinking of shutting down forex trading? LOL

Ah well I guess those liquidity "providers" finally got their wish to shut us out of the market.
Make your losses in demo. Earn your profits live.
  • #74
  • Edited 3:23am Jan 21, 2015 1:04am | Edited 3:23am
Quoting iDoubleStoch
If you are a Retail Forex Trader, then you had better read this: http://www.bloomberg.com/news/2014-1...stly-lose.html . And, you had better watch this: http://www.bloomberg.com/video/ex-cf...IXtyPH67g.html GAMBLING? NO HEDGING? THEN SHUT IT ALL DOWN! They say you are gambling. They say that the Retail Forex should be shut down. They say that you have no real knowledge of what's going on. They say that there...
There is no hedging in retail forex but pure gambling? LOL I guess all those Hedge Funds who operate in Spot FX better call themselves Gambling Funds then.

Clearly another crony living in the pocket of the futures industry who wants to shut down the spot market so everybody can go trade on the futures market instead. If we go to trade currency futures, it would still be in the retail environment. What then? Are you going to ban the futures industry too? And at the same time I hope he's happy that he's erased an industry that generates $Billions of revenue and tens & thousands of jobs in the country and around the world.

Wonder how much the futures industry has paid him to talk BS out of his a$$ like that?
Make your losses in demo. Earn your profits live.
  • #75
  • Edited 1:59am Jan 21, 2015 1:30am | Edited 1:59am
Quoting Mingary
{quote} I agree 100 %. ... To wit, the typical journey of a retail forex trader: Lose and lose and lose some more, go on a Guru search and systems and indicators and spend lots and lots on the "sure fire" things and so called experts and do training some more and more books more systems and more money spent and lost in the market. Now out of money?, no problem. go to bank borrow money, second mortgage and credit card and pay day loans and pennies found on the street and borrow money from friends and lose it all. Now totally out of money?, friends...
This is like the 0.00000000000000000000000000000000000000000000001% (cuz you can never say 0 statistically, only approaching 0) of all the retail forex traders. Usually by the time when they lost all in the market the second time after visiting all those gurus and developing systems, they would've gone back to the day job and stay there. He/she would've gone go back to day job realizing that forex trading is probably not for him/her as a full-time job but maybe still trade on the side as a hobby or part-time. They would NEVER go to a bank to borrow money or second mortgage just to continue to trade. LOL No bank in this world would lend you the money once they find out you are using the proceeds to do forex trading because they think like that dodo bird Mr. Greenberg that forex trading is gambling. LOL I have many friends who went into forex trading and then went back to their day jobs after losing money. None of them ever go borrow and borrow and then end up living in dumpsters trading on a laptop. LOL Where is he going to find the electricity to power his laptop? Generating electricity from garbage? LOL Cuz eventually MacDonalds is going to kick him when his body smell due to not showering starts to drive their customers away.
Make your losses in demo. Earn your profits live.
  • #76
  • Jan 21, 2015 1:43am Jan 21, 2015 1:43am
Quoting Forexia
{quote} This is like the 0.00000000000000000000000000000000000000000000001% (cuz you can never say 0 statistically, only approaching 0) of all the retail forex traders. Usually by the time when they lost all in the market the second time after visiting all those gurus and developing systems, they would've gone back to the day job and stay there. He/she would go back to day job realizing that forex trading is probably not for him/her as a full-time job but maybe side trade on the side as a hobby or part-time. They would NEVER go to a bank...


http://en.wikipedia.org/wiki/Allegory
  • #77
  • Jan 21, 2015 3:15am Jan 21, 2015 3:15am
Quoting iDoubleStoch
If you are a Retail Forex Trader, then you had better read this: http://www.bloomberg.com/news/2014-1...stly-lose.html
OMG!! The information in this article is SO OLD and incomplete. Retail forex industry today is NOT just made up of market makers anymore but also ECN brokers who really don't take the other side of clients' trades which are conveniently left out from the article and people are lot more educated in the usage of leverage nowadays. And they pull out few examples of people who have lost money because they don't know how to trade and think all retail forex traders are like that. LOL

And then they have this Greenberger guy who still dresses like the 50's and who's never traded a day in his life and has no idea how retail forex trading works to make those ignorant, out-to-lunch comments like "just ban retail forex, we have no use for it". Yeah wonderful, wiping away a $400 Billion revenue a day business!! Well we don't have any use for casinos, weather betting either, so WHY are you NOT banning them? Seriously a dinosaur like him shouldn't really be allowed to teach. I feel so sorry for those university students who have to take his class and he hope it's class with no "es" at the end.
Make your losses in demo. Earn your profits live.
  • #78
  • Last Post: Apr 30, 2019 12:57pm Apr 30, 2019 12:57pm
Quoting Mingary
{quote} I agree 100 %. ... .. and this one has a happy ending, others are not as lucky.
... I miss your humor, Mingary.... ;-)
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