 |
atticus
Registered: Mar 2007
Posts: 12608 |
01-27-12 07:20 PM
Quote from bhardy307:
Sorry, but I'm targeting the twit who attacked the OP.
"Why am I the only one that actually answered the question specifically?
Forex is dumb trading entertainment for inexperienced noobs," sais Beau
However, you're right, Atticus. 
I traded interbank FX for >2Y in the nineties and it was the most difficult period in terms of lifestyle.
However, a really uninformed comment considering that FX MMing (as distinct from FICC prop-trading) has been a profit-center for money center banks for many years.
Perhaps Beau hasn't heard of Quantum, Duquesne, Caxton and FX Concepts
|
| |
|
Edit/Delete • Quote • Complain |
frostydc4
Registered: Apr 2007
Posts: 35 |
01-27-12 07:59 PM
I usually trade /ES, /NQ, /6E, /CL, /ZN (I loved this during last summer/fall), and eur/usd. Now with the vix at the lows I have been primairly trading eur/usd and have been laughing my ass off selling spy credit spreads  .
|
| |
|
Edit/Delete • Quote • Complain |
SimpleTrades
Registered: Feb 2011
Posts: 1257 |
01-27-12 08:45 PM
Quote from atticus:
I traded interbank FX for >2Y in the nineties and it was the most difficult period in terms of lifestyle.
However, a really uninformed comment considering that FX MMing (as distinct from FICC prop-trading) has been a profit-center for money center banks for many years.
Perhaps Beau hasn't heard of Quantum, Duquesne, Caxton and FX Concepts
I really enjoy the simplicity of what I am trading right now. Whether or not you want to call FXCM a "bucket shop" doesn't negate the fact that the whole package: trading, charting and coding, is self-contained. For now, I enjoy the exercise of simply focusing on a single product: XAU/USD.
Maybe Beau is right. This is for newbies. If so, so be it. I am a newbie who has a very straight forward, self-contained, inexpensive package to learn with. I don't need to spend any money on software and data charges. When you are first getting started, this is a perfect way to learn. My attention is focused exclusively on learning how to trade without any other distraction ( actually ET is BIG distraction )
When I am ready, I can move to a more advanced setup. I honestly believe that this is a classic mistake of losing traders. They spend a pile of money trying to create a perfect setup while avoiding the more important process of learning how to trade.
When I do get good at this in a couple of years or so, I would enjoy working again for a prop firm that supports forex. Actually, I am rather interested in this company: 4XPROP.
|
| |
|
Edit/Delete • Quote • Complain |
bwolinsky
Registered: Jul 2008
Posts: 4551 |
01-27-12 10:32 PM
Quote from bc1:
I forgot about the stock exchange. KCSE. I assume it stands for Kansas City Stock Exchange even though Bwol lives in Kentucky. Just wondering how many companies does it have listed, where can we see the ticker, and who sweeps the floors & cleans the toilets at this stock exchange?
It exists as a technical document I'll put on a cloud. KCSE is incorporated in Delaware. I'm working to form investment banking syndicates with issuers in need of liquidity.
Since it exists as a cloud, nobody need to sweep floors, clean toilets, or even worry about lending money to finance construction of a trading floor.
Once my IA and CTA is approved, I'm going to try to do some investment banking to handle reg d's and S1's and re-listing of several companies. I do not have funding for this at the moment, but it will happen, and won't require specialists or market makers since it's not intended for HFT, but relies on a revolutionary new process of price discovery called reverse silent double dutch auctions.
|
| |
|
Edit/Delete • Quote • Complain |
SimpleTrades
Registered: Feb 2011
Posts: 1257 |
01-27-12 10:42 PM
Quote from bwolinsky:
... silent double dutch ...
Sounds like a kind of ice cream!
Quote from bwolinsky:
It exists as a technical document I'll put on a cloud.
Sounds about right; your head is definately in the clouds.
Come on Beau! Get real! Stop dreaming!
_________________________________________
Oh my God! I just found a way to turn by tiny forex balance of $2423 into 44 million by Dec 27, 2013. Can I join you in the "cloud"???? Please, please, pretty please! 
|
| |
|
Edit/Delete • Quote • Complain |
bwolinsky
Registered: Jul 2008
Posts: 4551 |
01-27-12 10:51 PM
Quote from bhardy307:
Sounds like a kind of ice cream!
Sounds about right; your head is definately in the clouds.
Come on Beau! Get real! Stop dreaming!
That's not dreaming, which shows how little you know about finance or economics and my field, financial economics. One class in micro and macro does not make you an expert in business, no matter how much you'd like to believe that.
|
| |
|
Edit/Delete • Quote • Complain |
| Receive
an email whenever a new post is added to this thread by subscribing
to it. |
|
|
|
|
