@alexslabu23
mate, ii have an idea for you,
call an investment bank and ask, have you tried that
well i was thinking they actually wouldnāt accept a losing trade just for the sake of āproviding liquidityā witch means stp/ecn canāt really happen because
a) you canāt trade the exact sum with other traders because of the fact that you would need very odd custom lots especially especially at the other side of your close
b) the liquidity providers wontāt provide liquidity to traders that are winner
but itās just a theory, they may not look at the fact that they are winning trades for the retail traders and just count on the statistic Falstaff presented , but that i wouldnāt say is as smart as it could be on their part
like i said no -one is forced to write on the thread, but thanks for the input
i was just interested in how things work, in order to make better choices, why would somebody invest in a system that he/she doesnāt understand fully or is fishy , maybe you can, and i respect that, but i personally would at least be careful, maybe my loss
Oh the āother 10%ā donāt actually Make money , They just realise what theyāre doing is dumb and donāt trade their accounts !
But I Thank you for your kind permission - Now Iām pretty sure you ARE just trolling !
indeed, and i understand that
but, depending on how badly you want to know,
why donāt you
- call investment banks and ask them nicely and see what they say at the very least
or - work in one and learn how it works
or - pay someone who works in one an hour for their time to tell you over a coffee
i was talking about the hedge funds/ investment banks taking on winning trades of retail brokers (as in the 10% we were talking about) witch (those trades) would be losing trades for them(the investment banks and hedge funds and other LP)ā¦donāt know why you took it as an insult
i didnāt do it because i tought you guy knew thisā¦will doā¦if i even find an investement bank in my country
Go to You tube and invest an hour or so in the video āAnton Kreil annihilates ā¦ā
we do know it, but you donāt seem to be understanding, and iām no longer prepared to explain it.
and i donāt think falstaff is
so iām trying to give you another option
@alexslabu23
hereās the link
Actually itās 2 hours,but worth it
Alex, there was one with a similar name used to be here, now spelt backwards on another forum, also English not 1st language, hope you are not one and the same.
The questioning is very valid imo, however there are brilliant drivers of motor racing who havenāt a clue how a car works.
I suppose that we āretailā think that the market revolves around us, then we get a surprise like Men In Black movie when we open the locker!
Edit: for those who havenāt seen MIB:
Really ??? NAME 1
i know 2 Professional Race car drivers and i can tell you they would be absolute idiots to not know how a car works at all.
soā¦ Name 1 that doesnāt have a clue how a car works, be aware that whoever you name, i can research it and ask them.
go ahead
Perhaps itās different in Australia but here āmotor sportā is not restricted to āProfessional Race car driversā.
The term covers all motors, even go-karts.
I think you understood well my point but have chosen a specific method of response.
Iām familiar with a few good software engineers, but they couldnāt repair the inside of computer.
Motor racing as understood here:
Martin didnāt challenge me on how Alexās questioning could have any validity or why the MIB locker reference.
There was a poster here a few years back, cannot remember his name, he used FA in relatively short term trades and happily posted images of his trade tickets.
He used the usual criteria of news numbers like cpi etc.
But there was one item often overlooked - M&A (mergers and acquisitions), he would research any such announcements, the thinking being that this is the very reason for the FX market, the unleveraged exchange of currencies by banks/business.
Can that influence price?
Tip of the iceberg - but good to see the thieving buggers getting caught - shame the other Banks get away with it all the time (imho )
well of course not, they are SOFTWARE engineers, not Electronics Engineers, thatās not a fair comparison though.
maybe it is , i am aware that we have Amateur go Kart drivers, but even those guys TO A POINT understand how the car works and how it moves
they still understandā¦ this is the accelerator, this is the break, the steering wheel and this is the motorā¦ all of them have an understanding to some degree
you saidā¦
1980 F1 World Champion Alan Jones was clueless about the cars he droveā¦ I worked with him in the early/mid 90ās when he was racing a B&H BMW M3 in Aust. Touring Carsā¦ nice friendly guyā¦ just didnāt careā¦ āBloody thing is understeeringā¦ fix it!..ā
āThere is a noise coming from the front of the car in 5th gearā¦Ahhh., Yep, itās the splitter hitting the track when the aero load is up on the carā¦Ohhhh.ā
He once said to his race engineer that the 1981 Ground Effect Williams FW07B (with skirts) was to stiffly sprung and was hurting his backā¦
Frank Williams chimed inā¦ āmaybe you should be sitting on your walletā¦ā
Jones quippedā¦ āWellā¦ give me more to put in itā¦ā
I think where youāre getting tripped up is looking at your trade from an individual basis.
Depending on the broker (principal vs. agency), trades are pooled together and looked at from an aggregate risk exposure basis. For example, am I net short EUR/USD or euros, and by how much? Then depending on their risk controls, they will adjust their exposure. By matching orders internally, hedging in the outside market, etc. This is done continuously.
ok cool
and then you disprove yourself by this comment
you see this comment shows that he knows what Understeering is
a Race Driver CANNOT KNOW NOTHING about a car
They can know very little
They cannot care about how an engine works in all itās fine detail
but they have to know something, that was my point
and the original point we are referring to isā¦ that a trader can know nothing about math and trade
@Trendswithbenefits Mate,ā¦ you of all people know that this is not possible, i mean if a trader doesnāt have basic math and they canāt calculate something like 1% of Whatever of they canāt calculate simple things, they will lose, they canāt trade, they wonāt be able to formulate a strategy without basic maths
and a driver will not be able to drive unless they know some basics.
Iām betting that Alan knew that the car took fuel, where the accelerator was and the break and so on and perhaps a bit about drifting and drafting and so on, he would have to know something regardless of how little a care he had, he would have to know something
can we agree on that.
you worked with himā¦ he knew how to drive the bloody carā¦ right ? and ā¦ to a professional standard ? right ?
I like this by the way
I got eyestrain trying to understand where you were going with your responseā¦
Yesā¦ the better your maths ability the more chance you have of succeeding in Forexā¦and Yesā¦ knowledge and the ability to find and research the information you require for Forex will also improve your odds at being successfulā¦
@Trendswithbenefits
sorry mate, my apologies
but yes thisā¦ was basically it
all i was saying wasā¦ you canāt have NO KNOWLEDGE and trade or drive or whatever