Noob,
Welcome to trading! I would recommend starting out in trading equities. Don't bother with leverage or leveraged instruments, no matter how alluring they may be, ESPECIALLY OPTIONS. Do not try daytrading either. Only risk tiny amounts until you know what you're doing. Use stops, obey...
Thousands and thousands of mutual funds, throw on top of that pensions, insurance companies, hedge funds, speculators, HFT's, and then you have your mom+pops, and that's just here domestically. This can make for lots of volume on any given day.
1. "XYZ is looking cheap here"
2. "I told everybody XYZ was going to go up (or down) and nobody listened (or everybody laughed))"
3. One word: "Undervalued"
4. Anything that has anything to do with Warren Buffett (not that I have a problem with the guy, but everyone thinks that they're...
Banks may use TA mainly for informational purposes. They are sell-side traders and are interested in filling customer orders. They don't use TA for speculation purposes. They don't trade like we do.
TA might work and then again it might not. It depends on how it's used. As a crystal ball, it will most likely be useless. When used more like a windsock, and as a tool to manage risk it can be very effective.
Definitely.
To me, all CNBC is good for is the ticker. It seems as though it's mainly a bunch of egomaniac tipsters and touts that want to go on record as having predicted the next bull market or the next crash. In reality, none of these "experts" know anything more about the market than the...
I never made any money until I turned off CNBC.
I do, however, have a much better opinion of Bloomberg, as there is much less "cheerleading" and hype presented on their programs, and much more unbiased news. The only financial media that might help you make a little money is probably...
Ultimately, the plan is to set up a global cartel on energy unit distribution. We all know that these elitists love their cartels. All the usual suspects are involved: Soros, Goldman Sachs, etc. Just another way for them to make unlimited profits by naming their price on something that they...
Not a bad idea. Make the people who truly engineered this whole debacle pay for it, not the guy sitting at home in his underwear and his $25,000 etrade account. Like I've said a million times, the public will jump on the FTT as a chance to get back at the evil speculators, but what they won't...
The sick thing about this is that this tax will most likely not "punish" all the scumbags that everybody wants their "revenge" on. Goldman, JPM, etc. won't be paying this tax. This will probably be like the stamp tax in Britain, where exchange members are exempt. Hedge funds and daytraders...
Here comes Pelosi:
http://www.cnsnews.com/news/article/58099
This IS coming, whether we like it or not. Time to prepare, definitely not time to be in denial.
I would completely agree.
Like I said earlier, i've posted a couple threads about this in the past year here at T2W and have gotten little to no response. I really believe that it's because traders out there are in denial about this as it is a serious threat to them in their styles of...