lol.
q.e.d. = quod erat demonstrandum = literally ‘which was to be proved’ or ‘which had to be proved’ = ‘see, I told ya’.
O.
P.S.: Originally, ‘q.e.d.’ has been used by mathematicians after having successfully proved the validity of a given theorem.
The appropriate face to make with a ‘q.e.d.’ is this:
Well maybe it’s time for you to start putting the hours and effort into your own forum and quit clogging the this [B]forex forum[/B] with your silly extremely long winded and pretty much useless posts.
Your latest thread [B]“Let us make Trading Simple & Profitable (Second Edition)”[/B] is a perfect example of your child like silly a** contribution to the babypips community.
I vote you off the island, go and post all the silliness you want on your own forum.
WTF?
No need to be rude.
I vote Dale and everybody else to think and post whatever the hell they please.
You dun like it, dun read it, dude.
O.
Haha! Nah Dale… only gross violations of fairness, honesty, or generally retarded completely inappropraite/incorrect insults piss me off like THAT. And in my choosen industry (this one) it’s all too common…so I try to stamp that nonsense out whenever i come across it. And besides, my wife doesn’t mind, as it keeps the beatings down to only twice a week. (wow… i really shouldn’t say that… if she saw this…i don’t know if she would fall down laughing or kick my a$$! LOL)
But that aside let me put it another way: it’s a LOT harder to ‘fuk up’ trading Equities and Commodities than it is to 'fuk up’ trading Spot FOREX at 1 000 000:1 leverage (the leverage gets bigger every time I ‘broach’ the subject)!!! LOL!!!
AGREED! to be honest, using the same trading style, and the same market analysis, and largely trading the exact same markets (forex majors in spot vs futures), I NEVER made more than 4K in a month trading forex spot. I moved my money into a futures account… lost $2,500 the first month… and made almost $19,000 the 2nd month. Then I decided that although I felt like a trading god for 4 week… risking 3%-6% per trade could cut my head off… quickly, and without remorse. So…I dialed it back substantially. But ya… I made 500% more per month just trading futures vs spot. The difference was incredible.
And Jay (as Dale ducks below his desk again while typing this): I don’t consider Warren Buffet or George Soros to be Spot FOREX traders. Warren Buffet is a ‘value investor’. George Soros is ONLY ‘infamous’ for ONE Spot FOREX trade. If it were not for that trade: quite possibly nobody would ever even have heard of him UNTIL he started INVESTING and not TRADING. As for the rest on your list??? I’ve never heard of 99.9% of them but I WILL look them up just for my own curiosity. Listen up: if I’m wrong then I’m wrong. But I DO believe that this business of Spot FOREX trading is NOT what it’s made out to be (second ONLY to Binary Options trading where the advertisements seem to get ‘worse’ every single day)!!! LOL!!!
Well…your right about soro’s trade… though he is MOST active in currency markets in general (I believe he lost several hundered million on a russian ruble trade a few years after his GBP short…but w/e.) He is by no means exclusivly a spot trader, and many of the others i listed don’t trade spot at all. BUUUUUT…the OP just said “trading”…he didn’t specify spot forex. I think you saw a passing conclusion and jumped there a weee bit premature…
But hey. As I’ve noted (and as others have ‘called me on’). I’ve never made money trading Spot FOREX. So maybe it’s ‘just me’. Maybe it’s not. I don’t know. But I REALLY find it a ‘stretch’ that one person (as in ‘me’) can be profitable trading Equities and Commodities and NOT profitable trading Spot FOREX given the SAME trader using the SAME broker trading the SAME trading systems. I’ve mentioned this so many times that I know by now it gets on everybody’s ‘tits’. But TO DATE: NOBODY has given me a REASONABLE explanation of how and why this is possible.
I’ll work the math out for you. Long story short… there have been months, on average, in futures, that my AVERAGE profit per contract traded was approx $30ish dollars. Now, u take 400 contracts on a round trip a month…and thats pretty good money, even after the $4 comissions.
When I saw this…I realized had I traded the same dollar figures in spot…my “comission” (they call it spread, but it’s comission. )would NOT have been $4 per trade, but upwards of $18 for eur/usd, $22 for usd/jpy, $15ish for GBP/USD, $25ish for aud/usd, $23ish for usd/cad, not to mention the occassional additonal cost when spreads were HIGHER then THE BEST spread prices. (and sometimes…man… 2 pips on eur/usd spot for me…trading the same amount in futures… I pay $4.90. in spot, those two pips would be $25.00)
I could say between the real spread I pay, particularly when trading anytime not LO, or NYO… it is considerably higher.
Now add the “slippage”, the “quick to widen spreads” and a few other factors…and my 10K per month would get cut down to 2K preettty fast.
I’ve run some scenarios in some past webinars when a person, taking the same trades, getting the same fills, while trading the usd/jpy, or aud/usd, or usd/cad, but takes them both in a futures account and a spot account to see what the difference is.
Depending on trades taken a day, average pip profit per trade, and percent of trades profitable… tradign futures could provide a $60,000 a year income, where the SAME TRADES in spot forex on an average 2 PIP SPREAD ONLY would actually LOSE close to -$10,000 over that exact same year. The difference…is staggering.
This is why I encourage anyone who has any decent bankroll (20K+) and the ability to be at least profitable 3 months in a row in spot, by even 1% per month…should trade forex futures and not forex spot. hands down. period.
And the worst part??? I PERSONALLY feel like a ‘fraud’ KNOWING that I’m promoting something where the ‘odds’ are stacked 70% (in the case of my beloved broker it’s not QUITE as bad as the commonly quoted ‘95%’ at Deltastock) in favour of the broker. BUT: it IS JUST BECAUSE of HUMAN NATURE. So what does a person do??? ‘Go with the flow’ or ‘go broke (again)’???
Regards,
Dale.
Ok. agreed. brokers in spot should be renamed to “richers”. but again…the thread starter never specified just spot… he mentioned trading in general.
Jay
P.S. the names i mentioned… read the books: “market wizards”. all of em. they are all in there.
Well you ARE right of course. Posting here ‘makes’ nothing for me (then again my own forums ‘make’ nothing for me either).
But be that as it may: you’re obviously a profitable Spot FOREX trader so YOU I don’t have to worry about (or give a ‘sh*t’ about for that matter). And I take it you’re not an animal lover either??? LOL!!!
Anyway: so sorry to have ‘upset’ you so. Just make money. If that’s what you’re able to do trading Spot FOREX then ‘good on you’. But I’ll tell you this: if this is the case then you’re in the minority. But still: ‘good on you’.
Regards,
Dale.
lmao, she’d probably belt you one, haha.
But it surely cracked me up … I’m still snickering, minutes after having read it.
O.
And besides, my wife doesn’t mind, as it keeps the beatings down to only twice a week.
I am CRYING with laughter (but then that is APPARENTLY ‘silly’ of me to be doing)!!! LOL!!!
THANK YOU is all I can say!!!
FOREX FUTURES??? DIFFERENT STORY ALTOGETHER!!!
As PurplePatchForex would say: ‘nuff said’.
But an EXCELLENT post and I thank you PERSONALLY. As I ‘took the pi*s’ with you on another thread (I don’t know if you noticed): YOU HAVE ‘been around’ and KNOW what you’re talking about!!!
And by the way: where I come from this is ‘Rum Country’ (but I’ll ‘spring’ for beers for YOU IF YOU INSIST)!!! LOL!!!
Regards,
Dale.
Which reminds me of the ‘Inofficial Book Club’, Jay.
Whatever happened to that?
It sounded like great fun, and well worth the while.
O.
EEhhhh… I agree. it sounded like fun. I’ll post an update today…and tell ya what… i’ll even schedule a babpips chat room meeting on the thread…for tomorrow evening (likely 2 hours after london open)
As to what happened… jay’s trading account and market study/research took over the jays unofficial boook club thread time slot thread. I’ve neglected more than just this, and I need to follow up with all today…tahnks for reminding me O 
Anyway, markets open later… time to get some more market analysis, as well as a trading plan for the next day/week, written up, printed out, and ready to take orders on.
Jay
That will suck for Americans … middle of the night there.
O.
OK that MAY be true AND as PRO-AMERICAN as I am: let’s be fair here i.e. I have to ‘work’ THEIR hours??? You don’t see ME ‘squealing’???
Regards,
Dale.
I didn’t point that out out of courtesy to Americans, but many users of this forum are from the US … and we don’t want a chatroom with only five people participating. The more the merrier.
O.
Of THAT I have NO doubt!!! Dodd-Frank, CFTC, NFA, FINRA, SEC etc.??? LOL!!!
Just remember: when I have my own office INSIDE the NYSE you’re going to have to be REAL nice to me to be invited inside for a cup of coffee!!! LOL!!!
Regards,
Dale.
hi,
why focus on spot fx, when fx futures are so much better? any advice is welcome.
i traded options with success and, lets face it, its all about the risk/gain ratio.
Hehe, don’t get the impression I don’t like Americans … it is merely the Governments of the last 130 years (Lincoln was the last good President the US had) of this formerly great country that I have issues with.
O.
Now SEE!!! That’s what makes our ‘relationship’ so ‘special’. We can VEHEMENTLY disagree on issues and yet we can still ‘get on’.
ONLY ONE PRESIDENT: PRESIDENT BILL CLINTON!!!
Dale (note I’ve ‘dropped’ the ‘Regards’ crap)!!! LOL!!!
Oh man… my heart’s breaking over the issue of spot forex vs futures. 
Does the spot spread really hurt your profitability that much? I trade on the daily TF to minimise my spread as a % of profit.
Jay takes a lot of trades… small differences in spread cost/commission really affect his bottom line. If you are only taking a handful of trades per week, I can’t imagine the spread cost being much of a hindrance.
That said… the bottom rung retail forex brokers aren’t the best there is when trading spot forex. There are prime brokerages that offer more reliable, tighter spreads. The complaint about spreads widening unexpectedly, I will make no excuses for. I hate it, and when I have the bankroll to get out, I will do so!
Where are you getting your numbers from?
That makes no sense… Some full time traders are making much more than that weekly, and quite easily. True fact, I know many individuals on this forum which is considered a beginner’s forum, and myself included, that make much more than that.
Hello,
please be so kind and give us a hint how to do so! many thanks.
regards,
alex