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Tobin Tax Effect on Forex

Yes, that's what the latest form of the tax says. No problem - if you live in a country where the tax will be installed, just incorporate a company in London and open an account for that company. All brokers will adapt and will accept companies.

Tobin Tax Effect on Forex

I don't think that person understands the meaning of derivatives. Retail forex traders trade SPOT forex, they do not trade derivative contracts. So regardless of the spread and regardless of the broker, if it's SPOT it means quotations come from the ...

Tobin Tax Effect on Forex

My favorite system will return 90 wins and 100 losses in 190 trades. I'm not saying that you don't have a better system, the problem is: can you follow it in real-life trading? Are the rules simple enough so it can be traded for weeks and weeks ...

If you have a powerful strategy how can you sell it ??

I don't think anyone can come up with a strategy with a 20% hit rate for 1:1 risk/reward cause that would mean 80% hit rate for the opposite position. I see he mentions something like 1:2 risk/reward (target is twice the stop) and that would be more ...

If you have a powerful strategy how can you sell it ??

of course we're all curious about it, but if I personally would be asked to pay 5% of my account size for it - I wouldn't be paying. I may have dropped 100 winning strategies until I found 2 which suit my personality and which I could trade ...

If you have a powerful strategy how can you sell it ??

Personally I'm not saying that he hasn't found a niche or that his system doesn't do what it claims to do. But from having a good system to actually following its rules is a long way. My opinion is that systems choose traders and not the other way ...

If you have a powerful strategy how can you sell it ??

I can give you these 3 rules with a 45% winning percentage. It's so simple, it only uses 2 moving averages. I can also give you another strategy with a 5:1 risk/reward and a 30% winning percentage. Really, this is something that you find everywhere. ...

If you have a powerful strategy how can you sell it ??

Oh you got that right! Retail trading is not about strategy, it's about people. A good trader can make money with a mediocre strategy while a bad trader will lose with a wonderful strategy. Strategies that look good on your MT4 trading station may ...

If you have a powerful strategy how can you sell it ??

The only way is to use your strategy, start with 1000$, make 100.000$ and you're gonna get a big offer from your broker to come trade for him. And then you can negotiate with your broker or just take the your balance sheet go to the nearest JP ...

If you have a powerful strategy how can you sell it ??

This is a tax on institutions, not on retail traders so nobody's gonna get noticed. The only thing that matters is which institutions execute your order and a serious broker will take care of that aspect and drop all EU banks from their portfolio. ...

Tobin Tax Effect on Forex

I say we should not worry — Every forex broker has about 5-6 banks in their portfolio which provide them with quotes. In case the tax is enacted, they will simply remove the EU banks from their portfolio and add more US/UK/Swiss/Australian ...

Tobin Tax Effect on Forex

My AHA moment — Happened when I realized that [generally speaking] when the EMA 8 is below the EMA 21 I must only trade from the short side and vice-versa.

AHA moments in your trading career

My experience with IBFX — Nothing bad to say about them and I've been trading with this broker in the last 2 years. I am a winning trader as I already have 5 years of experience in the markets and I saw nothing that IBFX would do against ...

Interbank FX. The most reliable MT4 broker around?

Nice thread — There are 2 sure things in the markets: - retracements - your money As for technical indicators, I've been trying for 5 years now to make these indicators matter more than 5% in my trading style. Sometimes I even think that ...

Technical Analysis Fallacy

:X — Damn well it's parasitic! And I enjoy every second of it! I'm not going to work for a single minute in this life, there's no money that can buy my freedom. And a part that's even more fun: in the markets, between myself who trades a 200k ...

The Ethics of Trading - Is Trading Parasitic?

USD/CHF bullish and looking for breakout — First of all let me remind you of this picture (daily chart) that I placed a few weeks ago together with my comments. We are bullish in the long run as the sequence is clearly impulsive. Wave 3 seems ...

james16 Chart Thread

EUR/JPY move an impulse — I believe the EUR/JPY move is actually impulsive; I have circled on the chart consolidations that occured at 23.6% and 38.2% of the whole move. Also the RSI pattern appears to be the same as the one from 1993, with ...

Yen Crosses & Elliot Wave Charts 15m and Up