Making "600-900% under competitors pressure", but WITHOUT REAL $$$ PRESSURE is WAY EASIER task than making consistent income year in year out with your real money on a stake making 100's or 1000's of trades. Dear Sir 1. fxcm,interbankfx,rts ,robbinstrading,pfg CTA all are real time contest's 2. Through germany tax system operator which won with real money must pay 50% tax,this which won with fake money by trader2007 125000$ payed 0 tax. 3. You have idelogical conzept of middle class in head from Lokk,Pain,Franklin ,Kant ,Spinoza . This is plagiat from Aristotel " ...Slave must be " Suspect that Your objective's and means heavy influenced from mass propaganda for mass auditorium -Middle class .Not forget that USA have love quality of life against France . It is alsov opinion of some USA operators . Best wish ...
When you don't risk money - just risk like crazy in a contest and catch a streak and bingo - you're the winner! You risk NOTHING except some time and can always try to catch a streak next time. Where's the pressure here? I don't see any. That essentialy make Goldman Sachs .He risk only 2% of company capital per day.All another foreign money. Alsov Minervini ,Cook ,Schwartz ,Simonis all used foreign money . To decrease a risk . If fund manager won ,he would recieved untill 50% of profit ,if would loss ,would loss he's clients. Not forget ,that 80-90% of funds are underperformed to SPY
Thats why IMO these BS contests of "600-900%" have no real value in measuring trader's professionalism. They can only impress complete noobs, but no serious people would ever even consider these numbers... 1. Not interessed to any appreciation -professional ,not professional & 2.If was possibility to play and win contest regulary a.without capital risk b. without commission c. without tax d. with great first prize more as 10000-100000$ Than author would play only contest's with fake money. Sorry in USA can not partizipate (not USA resident) Each ideja have limitation
http://www.youtube.com/watch?v=NGu5OYivuHs http://www.youtube.com/watch?v=eg5eOuIlZRQ&feature=related
I don't live in Germany and don't care about 50% tax. But see the reason why you do this. The first reasonable reason actually. Never make too fast conclusions about people you don't know well. Or you might get laughed at quite often.
Mixing apples with oranges. Managing OPM still assumes having REAL MONEY on a stake. And if you lose it, it will harm your reputation at very least. If you play contests you risk NOTHING AT ALL! So bottom line is: if you're happy playing contests - go ahead, nothing wrong about it... Just don't try to encourage people that winning contests has something to do with real life trading, which is about real risk and trade management, not about catching a winning streak in hope to get $10K prize once in a while. It has something in common of course, just like fake money poker game has in common with say $1000 NL Hold'em game.
So bottom line is: if you're happy playing contests - go ahead, nothing wrong about it... Just don't try to encourage people that winning contests has something to do with real life trading, which is about real risk and trade management, not about catching a winning streak in hope to get $10K prize once in a while ###################################### Do you observed that ? Author not interessed for any public appreciation ... Author stated only -"Do not send to any broker any cent with exception of prize money ,which you won by trading contest" Not forget ,that B.Baruch ,jews in coutry ,where jews are strong lossed first four years , Schwartz loosed multiple years , Mark D.Cook was near bankruptcy . You are indoktrinated middle class doktrin - "Just don't try to encourage people -winning contests has something to do with real life trading, which is about real risk and trade management," It is related to work of Lokk,Kant,Spinoza,Montesk'e Franklin,Pain . For houshold woman .. You make propaganda ,end effekt of which -10000 would send money to bank or broker ,one would have true good win through years (industry need this person for propaganda) ,95-98%% loss . IF operator not send any cent ,he can loss only he's time ,but that is equall to loss of time by all another hobby. IF operator send only prize money ,he can loss only prize money,not more ... IF you can not win public contest multiple time'S ,your chance is worster by real trading "years through years" against this which performed contest winning . Better perform 10-20 won,or more ... Compare with poker VSOP .Person started with 0 $ through internet adv. and won 2-3 mln $ Best wish ...
If a household woman thinks that she can become profitable in trading without real efforts, which are needed in any serious profession, then loss is exactly what she deserves. And I don't see anything wrong here. 99% lose because they get what they want - they want to trade, but do not want to become professionals. As for broker, you seem to be completely lost in your conspiracy theories... What kind of propaganda do you see? I see only one: $49.95 (or how much is that) membership at contests site. But thats in your posts not mine. I don't care about paying broker - it's usual cost of running business and real trading through a broker has way more growth potential than winning contests from time to time. You said the right word about contests: "hobby". Contest is a hobby and indeed can stay only as such, simply because real trading can make thousands times more and it is a real business with real potential, so "middle class" spare time hobby can be related to contest perfectly, not trading business. As for others who can perform better than me: who cares? Only thing I care about is to make as much as I can and if someone is better - good for him and no difference for me at all. So once again: no harm in contests, but it is no serious business either. As a hobby it without any doubt is OK, even more, it can be a very good additional practice exercise for a trader, but changing potential of real trading career to hobby is... Well, everyone chooses his/her own paths to go.
If you can make money scalping in Russia---you can make money scalping in the states ----or anywhere else for that matter. Just remember the tick value on Russian futures like the RTS is low. Outside of Russia you will be dealing with more expensive instruments. And volume has been nice because of the wild bull market in Russia. I would check out the upcoming Oil futures exchange in Russia that all the Russian Oil companies are going to be supporting. It could be a candy store with lots of money to be made.
I see only one: $49.95 (or how much is that) membership at contests site. But thats in your posts not mine ++++++++++++++++++++++++++++++++++++ Was stated from author- play in small contest without charge ,if you win place 4-7 you would receive right to play great contest without charge .Please see related message from author above. Author suspect ,you are true belong to "Spiessbürgertum" All your argumentation to send money to broker Are you payed from he*m from this kind of propaganda ? .Author stated multiple time- not send any cent to any broker With exception prize money ... You can controll all message from author .