Articles

Testing Deriv p2p Transfers

Testing Deriv p2p Transfers

239957   July 2, 2022 14:17   SwingFish   Traders Library Philosophy  

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 letÂ’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 itÂ’s waiting timeÂ…

20 minutes later, everything is complete, funds made it to my Account.
thatÂ’s a neat service!

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Talking Trade in VRChat

Talking Trade in VRChat

239953   July 2, 2022 14:10   SwingFish   Traders Library Philosophy  

some interesting conversation randomly came up in VRChatÂ…
Â…worse than SwingFish VC? (probably? ?

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Risk ON / Risk OFF

Risk ON / Risk OFF

239951   July 2, 2022 14:08   SwingFish   Traders Library Philosophy  

my Trading performance isnÂ’t that good currently, lotÂ’s of time there are some hickups
like

  • targets not reached (support/resisstance seem to have its own life
  • liquidity is not constantly at the same level causing erratic movements.
  • War tensions and other nonsense
  • upcoming Rate Hikes Worldwide.

well, the Rate Hikes do have an advantage as this will cause some movement of money on a global scale, and guess what, thatÂ’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 itÂ’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%! .. letÂ’s see if we do get back up in this territory.

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Trading in VR

Trading in VR

239947   July 2, 2022 14:05   SwingFish   Traders Library Philosophy  

i will write something more detailed about this topic ..

here is my first try at Trading using VR

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[Video] Cheap Money, credit, GREED, a fatal combination – DW Documentary about cheap money.

[Video] Cheap Money, credit, GREED, a fatal combination – DW Documentary about cheap money.

8359   June 22, 2018 04:36   SwingFish   Traders Library  

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.

(more…)

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trade the future, not the past

trade the future, not the past

5079   February 13, 2018 21:31   SwingFish   Traders Library Philosophy  

ever come across a chart like the one of USDJPY from today? [live stream from this day | Trade Log Here]

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:

  • WOW 132 Pips (1320 points)
  • that would have been so much money i could have made
  • such an easy trade, but why didn’t I take it?
  • if i just held on longer that would be such a large gain

well bottom line is “YOU DIDN’T!!and that is not a bad thing!

(more…)

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you can make easy 500%
you can make easy 500%

you can make easy 500%

2259   November 3, 2017 02:01   SwingFish   Traders Library  

you can make easy 500% in profits …

and lose 100% of it in just the same time.

 

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just like …

just like …

582   September 17, 2017 16:31   SwingFish   Traders Library Philosophy  

  • … most rain falls in the Ocean
  • … most eggs being eaten
  • … most water is not drinkable
  • … most tasty things not healhy

… most (No) Trade will not make you Rich!

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.

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Trading is NOT about making money …
Trading is NOT about making money …

Trading is NOT “free Money”
Trading is NOT “free Money”

Trading is NOT “free Money”

254   September 15, 2017 00:36   SwingFish   Traders Library Philosophy  

Trading the markets is easy/free money? maybe it is easy .. but it is certainly not free!

If you close a winning trade, someone else have to pay for it.

“someone” is NOT your Broker!

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!

  • at some stage you will have to pay someone else’s win,
    your mission is to make sure it’s not too expensive.
  • if there is nobody buying at the price where you selling,
    your Order will be filled/executed at a later price that is called “slippage”
    (as stated before, the Broker will not lift your offer and pay your winnings, the market will)

Broker Related example

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.

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1000 Pip “guru’s”

1000 Pip “guru’s”

219   September 14, 2017 11:36   SwingFish   Traders Library Philosophy  

ever came across somethings like this ?
21576554_123665745026917_6763969940920729600_n 20759123_253799318461997_8276753264767139840_n

there is a very simple action you can (and should) take,
if you do see ads like this: STAY AWAY !!!

 

And here is Why

(more…)

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Philosophy of Success

Philosophy of Success

530   September 8, 2017 13:11   AoFX   Traders Library Philosophy  

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

  • Half of Fish eggs are eaten.
  • Half of Bears die before puberty
  • The rain of the world is falling in the ocean
  • most of the seeds of trees are eaten by birds

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)

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Rewind