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A place for redditors to discuss quantitative trading, statistical methods, econometrics, programming, implementation, automated strategies, and bounce ideas off each other for constructive criticism. Feel free to submit papers/links of things you find interesting.
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08-04 00:15 - 'Use bitcoinmirrortraders.com , they will trade your bitcoin in forex under Mirror Trading International. Go on YouTube for reviews for MTI. I just signed up under them as my sponsor so hoping to grow my balance' by /u/losloppie removed from /r/Bitcoin within 56-66min
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Hi. I have been thoroughly enjoying your youtube channel, and there was a particular story that caught my attention. It was published on May 6, talking about a Forex trading site, possible mlm. Lets start by saying that Forex is not an mlm. In a nutshell, it's a software that allows you to trade with real money and promises of a large payback while you learn the game. I have never traded, but know what it looks like, how to operate it and how much money you need. So here is my story. My childhood was pretty amazing. My parents have been married for a long time, both successful professionals, very well off financially. I mention this not to boast, but to give you an idea of how this has torn my family life to shreds. We are no strangers to mlm's, having had family members in Amway, Avon, Beauticontrol, and even though we never allowed ourselves to be recruited (our motto is go to college, network, be the best at your career), my parents would help them out by purchasing products here and there, while trying to explain to them how these were scams. One day, my dad comes home with this great opportunity a coworker had talked about. How he wanted to learn trading, because that's where the money was. Mom tried, to no avail, to explain to him how they had it made, how lucky they were (they worked their way from the bottom to the top), and that they didn't need it. Dad, enamored with the idea of one day retiring to some exotic island paradise with my mom, didn't listen and pushed forward. That, was the beginning of the nightmare. Dad somehow convinced Mom to sell my childhood home, with promises of a better one, you know, with the Forex money he would make. This money never came to fruition, so unable to buy another home, they began renting. He left his job, which was the big money maker at our home, and began pursuing this "opportunity" full time. This was 17 years ago. Because of the pressure he has placed on himself to see this through, he now suffers from high blood pressure, and Mom and I believe he is slowly being driven to madness. He will "work" on his computer all day and all night, barely eat, we have no family life, and Mom rarely sees him because it has consumed him so. He has become a shell of a person, going as far as taking money from me to finance this. To this day, we he is still going after this pipe dream, will listen to no one that tries to speak some sense into him, and has driven our family to ruin. They are now divorced. As I type I can't help but get emotional. I worry that at their age they have no financial stability and no financial future, because Dad has squandered everything they have worked so hard for. Mom keeps taking care of him, fearful that if she were to leave he will wither away in front of his computer. The saddest thing? He still believes, with every bone in his body, that this will pan out. He calls and all he can talk about is this. How he wants to teach me, how he is so close he can almost smell it. I have been hearing this for 17 years. It breaks my heart. If anyone can take something from my story then I have achieved my goal. Please be very careful with these "ponzi" schemes and mlm's. They are one in the same.
I've been paper trading a lot recently and been getting better but want to find better strategies. I like using the Fibonacci retracement tools and find it applicable in both short and long-term situations for instance. But I don't really get why if you know what I mean... Are there any Youtubers who preferably have both tutorials on their favored strategies as well as regular videos talking about what they are up to and showing them trading live? Also some Youtubers that do small accounts and build them up for fun?
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Practice FOREX - FREE or REAL at: http://www.avatrade.com/?tag=75842 Forex Scams: https://www.youtube.com/watch?v=eTiXEEBIQnI PART 2: https://www.youtube.com... Most Forex channels will lead you down the wrong path. Trading Forex for beginners shouldn't be taken lightly. Many new traders stick with the first method t... Forex Trading Strategies is a channel helping forex traders - new and experienced, with forex trading strategies to help or improve their forex trading. What... FOREX.com is a global leader in forex and CFD trading for individuals worldwide. FOREX.com is a division of GAIN Capital Holdings, Inc. (NYSE: GCAP), a globa... Too often new traders come into the market without getting to know the most fundamental components of foreign exchange and how currencies work. So we decided...