Yes, but you can usually tell which are genuine and which are not. The ones that are too positive are done by shills, so factor them out - people just don't spontaneously throw praise at their broker - a good broker is one you forget is even there.
The ones that are really negative are...
There are many factors to consider when choosing a broker, besides regulation. Most of them don't fit in a one-size-fits-all comparison, because many brokers offer some advantages and some disadvantages to individual traders, based on their trading style and level of capitalization. For example...
I generally trade longer timeframes (swing - position) so the platform itself doesn't make a huge difference to me as long as I get half-decent charts. What's more important to me is whether the broker will still be around when I'm ready to cash out my 8 month position.
I do find myself...
Go to http://www.google.com, click on the text box in the middle of your page, and type the word "HYIP", then hit enter. I think you know where I'm going with this...
No you can't predict the market, unless you are either psychic or have contacts in the Federal Reserve (or both).
What you can do is calculate a probability that the market will get to point A before it gets to point B. Then you can place a trade with take profit target A and stop loss B...
What about trade frequency? You can have a great win:loss ratio and a great reward:risk ratio, but if your system only produces one signal every decade, then you won't be making much money. Trade frequency is often overlooked, and it is just as important as the two you mentioned.
A long term, stable HYIP is a contradiction. The whole idea behind HYIP is high risk, and "risk" is not friends with "long-term" or with "stable".
Forex is the perfect vehicle for HYIPs because of the high degree of leverage and low degree of regulatory oversight. I often hear that forex is...
Nison's book is good, but doesn't offer much in terms of statistics on past performance. I would like to see him apply some stricter definitions and show how well these patterns have actually worked in the past. Still a good read though and I should have mentioned it in my previous post. There...
Murphy "Technical Analysis of the Financial Markets"
Bulkowski "Encyclopedia of Chart Patterns" (for reference only)
Also any University level books on Macroeconomics.
I personally stay away from most books that are specific to forex trading because I have been disappointed with the...
Thanks for the big ups everyone. Feel free to add to my Rep power if you feel it is deserved.
eToro:
The platform may look like a joke but it is actually quite serious. It lacks certain advanced functionality, but is not bad for novice traders. The biggest plus for me is that they have...
Forex doesn't need to be a get-rich quick "scheme" if you trade properly. In fact, forex is not a scheme at all. It is just a market. It just happens to be a market where greedy/stupid people who don't understand risk end up losing their money, and hence its reputation as a "scheme".
I...
Money back guarantee? I hope you're kidding.
Honey, I lost the house and car because I used a crappy signal provider, but that's ok, they'll refund my $50.
You know the world is in trouble when a 0.50% target rate currency is considered a high yielder...
I'm sorry to be the one to have to tell you this, but the interest rate to currency valuation correlation has been dead as long as Lehman Bros.
MT4 PROS:
1. Yes, it is user-friendly
2. Stable
3. Allows automated trading with a huge community behind it and thousands of free EAs available.
It does lack some things which may or may not be important to you, though.
CONS:
1. Charting is pretty good, but trend lines often look...
It's not so much a question of "shutting them down", but allowing them to go into an orderly bankruptcy. This is the only way to get real restructuring within these companies and within the industry as a whole. Anything else is just a re-shuffling of some papers and a few scapegoats getting...
You have to be careful when using language such as "guaranteed". Who exactly is guaranteeing your funds? Although they are safER, segregated accounts are not as safe as many people think.
"Feeling comfortable" is not quite enough in my opinion. A lot of traders feel comfortable after demo trading for a month, and then find out that the feeling was wrong.
How long have these robots been running and how many trades have they completed? Do you understand the algorithm or are they...
As a long term investment, I think gold is an excellent choice, but the transaction costs and weird price action prevent me from trading it in the shorter term.
Having said that though, gold is positively correlated with inflation, and we are now in a deflationary recession so I wouldn't be a...
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