Sigh. Eurgh I've finally given in. I can't take another FXmo fact vs fiction saga and am calling time. I honestly don't know who this is, but I gather he's been around forever and has natural support from the remaining few on the boards.
You have entirely misread my posts and though I gather...
What is this guy on about? I was referencing FXCM's data, not my own or anything commercial, nothing else. Silly old bugger. I'll miss this guy like I miss Op Telic.......
Andy, don't worry, but at the same time I don't want to get too deeply into this.
Basically put, disposals must be converted at the spot rate on the day of disposal and accordingly the price paid at acquisition date must be converted on the spot rate of that day.
Remember you are trading both...
Aye I'd say it's just representative of the success of night owl people buying and selling at the top of a 5 pip range over the course of 5 Tokyo hours vs the absolute hammering they get during a London/NY spaghetti session trying to trade tight stops.
Isolated data be craptastic.
You can just link your account with a corporate account and trade both at the same time (so your primary earnings remain static AND you have the participation share in the fund account) - managing investor money just means taking a very low risk profile on the other account (i.e. re-sizing cars...
My beef with it is that it may convince a lot of retailers who never had an edge over buy and hold (and pretty much entirely lack the proper metrics to figure out if they do have any kind of long term edge) to trade that non existent edge. As a new trader, there is little point in becoming...
It's such a massive topic Viel that I lack the motivation required to go into any form of detail. What I would say is that it takes proper planning, accounting, supplier relations, funding etc to run a close company corner shop that intends to produce £50,000 p.a. for each of the directors with...
Exactly - often a lot of agreement across Bloomberg terminals after the morning meeting, which can create a nice breakout or some seriously tradeable parabola. BGC won't let anyone off the desks for a **** during the London and NY open because they are being asked to make 10* the prices and...
I think I probably agree, but he was talking about hard daily targets and little more complex than that. If he generally introduces a hard exit at a certain level of profit then he is exiting lucrative markets early, while staying in bad ones for the whole day, simply put.
I really don't care what you believe vs factual information, I just don't want to confuse any clueless retailer newbie into thinking they can compound their $25,000 into many millions after tax before they die. They can not and will not. Getting deeper into the facts about Wizards/legends etc...