Sorry if this is a really dumb question, but before I spend years of my life learning how to trade forex, I was wondering what would happen if governments started moving to equity backed money?
It seems to me that there will be fewer price fluctuations if that happens right?
if that happend, i’d just trade gold and silver. or stocks. or bond futures. or oil futures, or options… etc.
trading is trading is trading. if u can trade one, u can trade em all. anyone that says otherwise, IMO… likley isn’t a very accomplished trader (i’m open to anyone who feels otherwse to disagree…and state why)
Jay
Thats what I thought but aren’t there nuances in each that require long periods of time to learn? I am learning candlesticks, a few chart patterns, and trend trading, I thought how you apply those methods varies depending on what your trading.
i personally believe a market is a market, assuming the underlying market micro structure remains the same or similar. Then the price discovery process will still occur in that fashion, therefore you can trade any market that maintains that type of market structures like auction based markets. Considering all of the major capital markets are auction based you should be fine.
TBH…i don’t know! maybe it does for some… i know there are some strategies that are market unique. for example, selling the ES futures when the tick hits + 1000 when the TRIN (aka…arms index) is OVER 1.05… this strategy is unique to the S&P (or at least major U.S. stock indicies) , as the tick and trin are both sentiment indicators internal to the new york stock exchange…
However, for candlesticks, chart patters, and trend trading… nah. these work in all markets, the same way. but, don’t take my word for it. pull up a chart of gold. of oil. of IBM, of google…of apple, of the 10 year bond…etc… and check it out for yourself!
Jay
Hello.
I’m impressed!!!
And don’t forget about the Advance/Decline Ratio!!! LOL!!!
So you HAVE ‘been around’ and you DO know what you’re talking about!!! LOL!!!
On the topic of the thread (I posted this somewhere else the other day too):
Forex: World’s Biggest Market A Relative Newcomer
It explains how we got HERE with worthless paper money if nothing else!!! LOL!!! Just read it in reverse and it’ll answer your question (the thread starter)!!! LOL!!!
Regards,
Dale.
Thank you for all the replies and information, I am glad to hear that what I am learning will be useful across several markets. From the outside looking in this whole trading for a living seems allot more complicated and mysterious than it really is I guess.
IF we went to a gold standard, governments would be forced to live within their means. Let me translate…We will go to a gold standard when hell freezes over. But that may be sooner than later. With the uprising of Ron Paul, people have started talk about concepts such as auditing the Fed, and going back to a gold standard. The more people learn about sound money…the more they gravitate towards it. When our debt is 50 trillion dollars…and every tax dollar we pay goes to paying down our debt…maybe then (i predict 2020)…we might be serous about fiscal conservatism.
As far as forex trading is concerned…it would be dead.
I doubt forex would die if the US adopted a gold standard. You could still trade other pairs. Trading the dollar would probably be similar to trading gold as a commodity. If the whole world adopted the standard, that would be another story. I would take a sustainable, constitutional monetary system over this current mess any day. All fiat currencies fail eventually so we will find out sooner or later.
This has turned out to be an excellent thread. The articles posted by [I][B]aidysproule[/B][/I] and [I][B]Dale Paterson[/B][/I] are top-notch.
Here is a video which I think you will find to be fascinating, educational and disturbing. This isn’t your typical YouTube video — this thing is a heavy-duty, 3-hour-long study of money and currencies, [B]and who controls them.[/B]
Kudos to [I][B]kubio,[/B][/I] on Michael Huddleston’s superb thread, for posting this video a couple of weeks ago. I wish I had posted it. Actually, I wish I had made that video.
So, if you’re really serious about the subject of this thread, set aside a big block of time, fasten your seat-belt, and get ready for an eye-opener —
Man I have to say I am thrilled at this community, thank you all very much for your responses. I will be watching the video today.