Forex is a scam

Discussion in 'Forex' started by mounafia, Sep 4, 2009.

  1. bpcnabe

    bpcnabe

    Ignore boo-boo. He just pretends to be someone he is not. And that is of a trader. He's a friggin' C2 loser. Like Timmay!
     
    #61     Sep 6, 2009
  2. A little knowledge is a dangerous thing.
     
    #62     Sep 7, 2009
  3. Milton, what on earth are you talking about?? Sounds like you chatted to someone on some forum somewhere, or perhaps someone had a laugh on you in a bar.

    Some of us work or worked in the city and are talking about first hand experience and not Internet or bar chat. If you meet a city trader in a bar, be prepared to be the victim of a prank as much as get any worthwhile information.

    Because of 2 weeks differential summer time hours between the UK and the USA I had to leave a client lunch meeting to go to my desk and missed my vintage port. An hour later my colleague Charles arrived back at the office with the cut glass decanter and a pocket full of Cohiba cigars.

    Charles didn't ask for the port or the decanter. He just lifted it off the trolley and it was added to the bill without anyone on either side making a comment. Humility is uncommon in a loud cut throat environment where huge sums are traded. Try applying for this type of job and say you are humble and quiet and see how many interviews you get.
     
    #63     Sep 7, 2009
  4. #64     Sep 7, 2009
  5. achilles28

    achilles28

    And how many of those Ballers do 30%+ net, a year?

    Not many, I imagine.
     
    #65     Sep 7, 2009
  6. #66     Sep 7, 2009
  7. Consistently? Not many... but it's algos now so don't blame the traders - blame the machines :)
     
    #67     Sep 7, 2009
  8. hmmm I wanted to do a funny comment about your writing and then I realized that you were maybe saying something very important. How to time woman... I never had think about it. Maybe you could say me what book did you read ? Do you have a excel sheet to put information and derive value ? Do the moon play an important role ? Weather, Season, light intensity ?
    One thing I am sure is that truely understanding a woman is harder than to master the market !
     
    #68     Sep 7, 2009
  9. achilles28

    achilles28

    I don't make excuses, brother.

    The thing about those uber-cocky wanna-be Streeters - if they actually knew how to trade, they wouldn't be cocky.

    Profitable trading is simple (and easy).

    These guys just attempt to fit a mold haphazardly gelled together after decades of cliched stereotypes. Its really blind leading the blind, unless we compare audited returns. But what guy churning 1000% a year, will do that?

    Still, it'd be great to work at a major IB, and see how it all plays out.
     
    #69     Sep 7, 2009
  10. Milton

    Milton

    I don't need to apply for a job because I'm a full time trader and I also manage OPM.
    ohhhhhhhhhh, you are talking about this quant traders? Do you know how much their algo is worth for me? 2 penny. And thery are probably the most arrogants!

    Ok, it's enough, it's seem that almost everyone is against my "philosophy" and I'm very glad about this, because this show me that I'm not in the Majority! And I hope that you know what majority of people do in trading. :) Here is a nice quote... "Sometimes a majority simply means that most of the fools are on the same side..."
    P.S. If I offended anyone I am sorry.
     
    #70     Sep 7, 2009