tar
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I know what an arbitrage is but i didnt get your point , is this applicable to all types of traders ie : speculative traders or you mean arbitrage traders only ?
tar
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yeah , but maybe not always ...
Why should traders have to answer the question anyway? What do estate agents provide to society? Or the lady that runs a birthday card shop?
Altruism doesn't exist, whatever anybody does they do it for themselves. Fact of life is that you gotta look out for numero uno, anybody who thinks eating animals is cruel or wears flowers in their hair are just deluding themselves.
Altruism doesn't exist, whatever anybody does they do it for themselves. Fact of life is that you gotta look out for numero uno, anybody who thinks eating animals is cruel or wears flowers in their hair are just deluding themselves.
tar
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Its good to give something even if u take something in return . Spinola has a good point ....
Shikamaroo
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reducing the unemployment rate so govts can look good
spending money in depressions to keep the economy plugging along
watching porn during trading hours to keep "the girl next door" in high heels and prada
take your pick! lol
spending money in depressions to keep the economy plugging along
watching porn during trading hours to keep "the girl next door" in high heels and prada
take your pick! lol
dick_dastardly
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oiltanker
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the practice of risk management has an ancient and honourable tradition. keeping those skills alive is vital for the survival of a country. ignore those rules and you end up in doo doo.
in the credit crunch both banks and govts ignored the idea of the stoploss or depended upon the public being the stop loss. see what happened?
the pension system is effectively a ponzi system which is bound to blow up no matter how many migrants the govt floods the country with. sound risk and trading management would avoid all these evils and develop better strategies.
risk management would never let strategic industries be run by 'the market' that is there to deliver profit not public service. the edf sale of uk electricity to hong kong firm was on the back of the new company looking for easy regulation and high profits. what does that say about who the market is working for? not the public.
so trading teaches and ingrains into people strategy and risk management skills. such knowledge and skill sets are vital to a countries well being. Their lack leads to a nation being the victim of bad or ignorant strategies.
in the credit crunch both banks and govts ignored the idea of the stoploss or depended upon the public being the stop loss. see what happened?
the pension system is effectively a ponzi system which is bound to blow up no matter how many migrants the govt floods the country with. sound risk and trading management would avoid all these evils and develop better strategies.
risk management would never let strategic industries be run by 'the market' that is there to deliver profit not public service. the edf sale of uk electricity to hong kong firm was on the back of the new company looking for easy regulation and high profits. what does that say about who the market is working for? not the public.
so trading teaches and ingrains into people strategy and risk management skills. such knowledge and skill sets are vital to a countries well being. Their lack leads to a nation being the victim of bad or ignorant strategies.
scose-no-doubt
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Last I heard they were called Plc for a reason
meanreversion
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This reminds me of when the Brown terror used to give speeches about what he deemed were the worthy jobs in society. You know, the usual stuff, teachers, doctors, firemen and so on.
Which means 95 pct of the UK are unworthy (especially politicians). But nothing he ever said was connected with sense or reality, thank goodness he's gone.
Traders (attempt to) generate money and then spend it - this makes them worthwhile. People who live off benefits through choice = not worthwhile.
Which means 95 pct of the UK are unworthy (especially politicians). But nothing he ever said was connected with sense or reality, thank goodness he's gone.
Traders (attempt to) generate money and then spend it - this makes them worthwhile. People who live off benefits through choice = not worthwhile.
robster970
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Traders assume financial risk for non-traders who indirectly participate in markets. Good traders get rewarded for holding that risk. Poor traders get penalised for holding that risk. Efficient pricing, etc, etc.
Just because Joe Public won't try to understand the substantial societal benefits market participation provides, doesn't mean it is worthless. Just means people don't understand it.
Just because Joe Public won't try to understand the substantial societal benefits market participation provides, doesn't mean it is worthless. Just means people don't understand it.
