Hi,
Will HF make us retail traders obsolete in the up-coming years?
Nope, dont think so…
Really?
Wouldn’t technology and automation make it meaningless like so many other jobs in other industries?
I trade to boost my earnings, don’t want the carpet pulled under my feet so I hope you’re right:7:
Think about it bro. These algorithms “they” talk about will eventually be develop to a state where they all say buy or sell. There will be no other side. You can’t buy if no one wants to sell. And not all transactions are speculative
This is purely speculative but I have the same fears as Pips. Even if we don’t become obsoleted, I feel they may insert some restrictions (eg having a quarter of a million in the bank - Alberta already does that) at some point in the future that would make trading not as commonplace as it is now.
Some countries do have restrictions in place, but that’s mainly on account of the sorros episode - and the recent voltality in some currencies. This is why nations from canada to India have restrictions in place to protect their own currency from G S. As far as becoming obsolete, let me put it this way…the market came about with the commodities in ancient sumeria, got regulated in France and England and guess what, the commodities is still going strong. The point being, the market will evolve, as things do and traders need to adapt or get left behind…that is how it works…
More the opposite. They are boosting volatillity and sending thousands of quotes out per sec. so me and you get a better price. Trading will always lay on supply and demand laws.
That’s the point. Not everyone who is buying or selling a currency is after making a win out of it. Some transactions are simply because some one/company/manufac./tourist etc… needs another currency. Inevitably influencing price.
What you are mentioning was the norm in the past century. Nowdays brokers have figured that they can squeez money out of ordinary folks too. I believe there are brokers where you can open an account with as little as $10. Now looking at 250k vs. a tenner, isn’t so much daunting anymore.
Trading will always be there as long as capital exists, and even if that gets obsolete, ppl will go back to the good ole’ good for good transactions. I don’t think trading evolves much. It’s the instruments that get added. That’s all.
Best
[QUOTE=“Kasravi;663002”]
More the opposite. They are boosting volatillity and sending thousands of quotes out per sec. so me and you get a better price. Trading will always lay on supply and demand laws.
That’s the point. Not everyone who is buying or selling a currency is after making a win out of it. Some transactions are simply because some one/company/manufac./tourist etc… needs another currency. Inevitably influencing price.
What you are mentioning was the norm in the past century. Nowdays brokers have figured that they can squeez money out of ordinary folks too. I believe there are brokers where you can open an account with as little as $10. Now looking at 250k vs. a tenner, isn’t so much daunting anymore.
Trading will always be there as long as capital exists, and even if that gets obsolete, ppl will go back to the good ole’ good for good transactions. I don’t think trading evolves much. It’s the instruments that get added. That’s all.
Best[/QUOTE]
Great post. Your point about non-speculative market participants is right on target and something that most retailers don’t think about. If an Asian airline wants to buy seventy new Boeing 787’s, that’s going to be a huge forex transaction that is entirely non-speculative in nature.
Hang on that’s my point. Global I know your new here and want to kiss up to senior members but this is not the way to do it!
Does it matter if a person is a newbie or not? A post that have more substance, awareness on how actually trading works in a different perspective that maybe we all can learn from. We can all agree to disagree with someone posts and opinion but at end of the " conversation" the important question should ask is " Did I learn something new? If you did, great! be thankful and be glad that you and I didn’t waste any time. If not then move on to the next 
[QUOTE=“bobbillbrowne;663029”]
Hang on that’s my point. Global I know your new here and want to kiss up to senior members but this is not the way to do it![/QUOTE]
Lol… My apologies. YOUR point about non-speculative market participants is right on target Bob 
Don’t get me wrong please. My thurst for knowledge is insatiable. And Globals words speak more than enough for me to follow his threads. But how quickly we forget about fraudsters. Do you not remember my mate funnyman aka forexunlimited. His depth of knowledge was but the iceberg that sits under the waterline compared to mine which is the tip. But he was a fraud . Where is he now. His website (sorry journal lmfao) has been shut down. Myfxbook has been locked and he has disapperred. You all fell in love with him, welcomed him into your little group, hung on every word. Not to clever. He was a marketer and used you and babypips for his own personal gain. But I caught him out. ****ing hate marketers.
Now I am my own man, I follow the beat of my own drum. I think one has to in order to succeed in this business. If one is looking for mentors who can guide or educate then listern to the words of members like global, clint yourself to name a few. But in my view it doesn’t matter if you have 2 weeks or 20 years experience under ones belt we all have something of value to share.
Global please excuse my tone. I do hope your here for all the right reasons. I am following your threads, absorbing everything you say and seeing how I can execute that knowledge into my own trading.
Wishing you all many pips today and a good weekend
Bob
Its all good bro. Although I don’t like using the words master and student I do know which category I belong to (an its certainly not master.) Thanks for sharing your wealth of knowledge.
A different opinion.
At some time in the not-too-distant future — [I]maybe even in the near-future[/I] — currency trading will cease to exist, because there will be no individual currencies to trade. And the demise of currency trading will have nothing to do with today’s high-frequency trading, or with draconian restrictions imposed on retail trading by paranoid governments.
The demise of currency trading will occur after two major, world-shaking events:
• First, the world will adopt an International Reserve Currency, replacing the U.S. dollar.
The new world reserve currency will no longer be one of the world’s national currencies. It will be a “currency” used exclusively in international trade, to settle accounts and balance the books. It may be Special Drawing Rights (SDR’s) issued by the International Monetary Fund (IMF), or it may be some form of currency we have not yet envisioned.
The adoption of an International Reserve Currency may occur in two steps.
Step 1 — if the U.S. fights being knocked off its reserve-currency pedestal — may involve China, Russia, the European Union and OPEC acting in concert to set up a new reserve currency for use among themselves, leaving the U.S. out in the cold.
Step 2 — obviously, will be U.S. capitulation to the new reality.
In any case, for a time, national currencies (USD, GBP, JPY, etc.) will still exist, and currency trading between and among them will continue.
The demotion of the USD from its exalted position as the world’s reserve currency, to that of merely being the national currency of a bankrupt U.S., will be wrenching for the U.S. But, it will be a dramatic trading opportunity for those with the nerve to trade the ultimate collapse of the dollar.
• Second, the world will be brought under a single World Government, capable of issuing a single world currency which will replace all national currencies [I]and[/I] the recently-created reserve currency. At this point, currency trading will cease. There will no longer be euro, or yen, or yuan, or dollars which can be traded against one another — just as today there is no longer trading in German marks, or French francs.
Before this final stage — the introduction of World Government — the lesson of the European Union and the eurozone will have been learned. That lesson is simply this: a unified monetary system cannot survive in the absence of a unified fiscal system.
In other words, attempting to bind all the countries of the eurozone through a single, common currency, [I]without[/I] imposing on all of them a single fiscal regime, has led to the failure of the euro which we are witnessing today.
The powers who will institute the World Government will not make the mistake that the Europeans have made.
You may think that this scenario is apocalyptic and far-fetched. But, it is currently being seriously advocated by the governments of China and Russia, and by prominent economists in Europe and the U.S.
The world has had just about enough of the selfish and irresponsible misuse of their reserve currency — the once-mighty U.S. dollar — by American governments which have seized on the opportunities for fraud and theft provided to them by a system which makes [I]one nation’s national currency[/I] the medium of exchange with which the entire world is forced to transact business.
The [I]current[/I] government of the U.S. has done more than all previous American governments to debase the world reserve currency. President Obama behaves as if the world reserve currency — the USD, which the U.S. Federal Reserve can create out of thin air — is his personal credit card, ATM machine and piggy-bank.
The world is about to hold the U.S. dollar accountable for the misbehavior of Obama, and of all the profligate, big-spending American governments which preceded him.
Obama will go into the history books as the worst president in the history of the Republic. Ironically, by setting the stage for an International Reserve Currency, and ultimately for a World Government, he may be seen by Communists, Socialists and other radical leftists as a great, visionary world leader.
Clint once again wow. Looks like I’ll be spending the weekend digesting this. Its certain a plate full.
One world governance. One world currency. In our lifetime. Thats massive.
Yup, that sums it up perfectly…this is an evolving market, and as it changes, we just need to adapt to the same…
What happened to Jake (a.k.a. Forexunlimited)?
As I said bro, turns out he was one of these traders that realized that marketing themselves pays a lot more than trading does and used babypips as his marketing tool b4 being exposed. Then up and vanished like they do. He certainly sucked in a lot off good people with his undeserved wealth of knowledge. Pity he was an asset.
That is a shame, I, like others, thought differently…
Oh well…
Sorry, I was just reading your responses. I understand your point of view. There are a lot of marketers around and fraud’s. It is sometimes difficult to tell who they are until later on. In my view, I welcome most of (not all) the post/contributions specially if that interests me and the value that can add into my trades and I can eventually use. I understand that when you are starting out you do not know who you should or should not follow. It’s tough I know, I’ve been there. In due time, when you gain more experience and knowledge, you will know…
Thanks Bob for pointing that out. I know other newbies can learn from it…