on the deriv platform they have a system that allows traders to exchange money (essentially moving funds from one to another account)
which is a pretty great idea!
(but I do have some doubts about the legal workings, as this walks a very thin path among the laundry path.)
well the benefit is clear, if you have issues getting transfers to work, other traders can “help you out”
it’s just like trading Forex, you decide the “exchange rate” when making your Bid or Ask, which will in terms define your fee/spread.
place the Ad of you buy or sell and wait for someone to pick it up.
pretty straightforward. so let’s try it.
i placed a Buy Ad, but there was already someone Selling, so i went to that one.
placed my offer, made the transfer, and now it’s waiting time…
20 minutes later, everything is complete, funds made it to my Account.
that’s a neat service!
my Trading performance isn’t that good currently, lot’s of time there are some hickups
well, the Rate Hikes do have an advantage as this will cause some movement of money on a global scale, and guess what, that’s a good thing as markets will become a lot more liquid.
but in the aftermath of Covid-19 and a War may be around the corner, things are uncertain and we start to see massive movements even intraday.
This adds another level of complexity, so it’s time to adjust, take smaller pieces instead of waiting for the big moves!
since we do trade mostly Forex, a zero-sum market in general, ranges should be all we trade anyway.
here is a screenshot of the current 30-day stats, (back in November this was at 14%! .. let’s see if we do get back up in this territory.
a DW Documentary about cheap money, credits and it’s future
not directly trading related, showing “how the Rich get richer” and the ECB just copies where the FED failing since 40 Years.Full Article
and your trades in this were only part of it or none at all?
(below the image shows the trades I have made myself on this move)
were you thinking like:
well bottom line is “YOU DIDN’T!!” and that is not a bad thing!Full Article
Your Job is the maintain the Equity.
Money is just a Commodity a trader use to get gains, the more equity the Trader have, the more he/she can gain.
Trading the markets is easy/free money? maybe it is easy .. but it is certainly not free!
just like with everything else in this world, there is no difference in Trading.
if you work a 9-5, your employer pays you, the money will come out of his account and go into your account.
in other words, your employer will have a “loss” and you will have a “win”.
but instead of a “loss”, for your employer, this is just the “cost of doing business”
in Trading, however, you do not have an employer but a Broker.
the Broker provides you (among other things) the service of finding someone that will lift your offers.
some other trader will have a losing position to close, and the money of the one loss will go to your account.
if you pay for someone else’s winning trade, this is just the cost of being in the Trading business.
this can not be avoided by anyone, anywhere, EVER!
Let’s imagine you “trade” Fruits on the local Market, but you are not a Farmer, meaning you buy the Fruits from a Farmer in order to re-sell it. that will make you a Broker and in the case of the local market, you will be a Market maker too since there is no Zentralized exchange that tells us the current price of yours Fruits.
your objective is NOT to get rich quick by selling your fruits at the highest price as fast as possible.
your objective is to minimize the risk and try to sell ALL your fruits by the end of the day, as they will go bad overnight and you will have to throw them away.
throwing them away is just the same as closing a losing trade.
selling Fruits or trade the markets, at some stage there will be a leftover which you paid for already by purchasing it. and you have to throw them out (realize a loss) just as in the FInancial markets, there is no way to predict how many customers will buy your stuff at the current day.Full Article
Did you know that Lion does not succeed in hunting except in a quarter of his attempts, that is, he fails in 75% of his attempts and succeeds in only 25% of them?
Despite this small proportion of which most of the predators participate, it is impossible for Lion to despair of attempts to hunt and hunt.
The main reason for this is not hunger, as some might think, but the assimilation of the animals into the law of “wasted efforts”, the law in which all nature works
Only human beings reject this natural law And the success is not to have a life biography free of pitfalls and hiccups … but the success is to walk over your mistakes And go beyond every stage where your efforts wasted and look forward to the next stage .. If there was a word summarizing this world will be simply: (continue)Full Article