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Is spread betting for fools?

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26 minutes ago, TrendFollower said:

 

Trend Trading Futures contracts is not tax efficient. Yes it may be cheaper due to no or little overnight charges but the tax you have to pay on your profits, each trader will have to work out the math and see which option is better for them. 

 

You are confusing trading CFD`s with Spreadbetting a futures contract....😂😂

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@Mark27000,

May I ask why you are being so rude. I have not been rude or discourteous to you. 

Would you please be kind enough to show me where this option is on IG's UK Spread Betting platform for the following that I use my UK Spread Betting account for:

  • Bitcoin
  • Ether
  • Ripple
  • Stellar
  • Litecoin
  • Bitcoin Cash
  • EOS
  • Crypto 10 Index
  • NEO
  • Ether/Bitcoin
  • Bitcoin Cash/Bitcoin

Now please would you be kind enough to evidence to me where the futures option is and I certainly appreciate you 'twaddle-less' answer. 

I look forward to learning from someone on the IG Community. It is all about sharing. If you know something which I do not then I am happy to learn from you. You can never stop learning. I will hold my hands up. I have been trading Cryptocurrencies on IG's platform for around 2-3 years using Spread Betting and I never knew they had a futures option. Oh wait, I live and breathe Cryptocurrencies and follow news on a daily basis so what do I know. Hold on I do not trade and I am full of 'twaddle'.

OK, I am about to learn something here. This will be very useful to me as I go long and short on Cryptocurrencies so this is getting me excited now. 

Now if I have no clue then I really want to assess how much 'clue' you have. This thread is all about spread betting so I am sticking to the topic. I have been posting on this thread in relation to spread betting. If you want to write about something else then this may be the wrong thread. That is my clue level but let us see your clue level. What I obviously do, I should know but I guess I do not know. You obviously know what I do and not do more than me. Wow some arrogance. If I do not trade then don't waste your time even posting to me and if I do trade then maybe I am a bad trader. There are many bad traders on IG Community. You may also be one of them. I do not know. I look forward to your professional and polite answer to see how polite and courteous you are. Or shall I make an assumption that you are just a rude and impolite person? You seem to like making assumptions. 

Edited by TrendFollower

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29 minutes ago, TrendFollower said:

@Mark27000,

May I ask why you are being so rude. I have not been rude or discourteous to you. 

Would you please be kind enough to show me where this option is on IG's UK Spread Betting platform for the following that I use my UK Spread Betting account for:

  • Bitcoin
  • Ether
  • Ripple
  • Stellar
  • Litecoin
  • Bitcoin Cash
  • EOS
  • Crypto 10 Index
  • NEO
  • Ether/Bitcoin
  • Bitcoin Cash/Bitcoin

Now please would you be kind enough to evidence to me where the futures option is and I certainly appreciate you 'twaddle-less' answer. 

I look forward to learning from someone on the IG Community. It is all about sharing. If you know something which I do not then I am happy to learn from you. You can never stop learning. I will hold my hands up. I have been trading Cryptocurrencies on IG's platform for around 2-3 years using Spread Betting and I never knew they had a futures option. Oh wait, I live and breathe Cryptocurrencies and follow news on a daily basis so what do I know. Hold on I do not trade and I am full of 'twaddle'.

OK, I am about to learn something here. This will be very useful to me as I go long and short on Cryptocurrencies so this is getting me excited now. 

Now if I have no clue then I really want to assess how much 'clue' you have. This thread is all about spread betting so I am sticking to the topic. I have been posting on this thread in relation to spread betting. If you want to write about something else then this may be the wrong thread. That is my clue level but let us see your clue level. What I obviously do, I should know but I guess I do not know. You obviously know what I do and not do more than me. Wow some arrogance. If I do not trade then don't waste your time even posting to me and if I do trade then maybe I am a bad trader. There are many bad traders on IG Community. You may also be one of them. I do not know. I look forward to your professional and polite answer to see how polite and courteous you are. Or shall I make an assumption that you are just a rude and impolite person? You seem to like making assumptions. 

Rude ...Please If you want to see rude I will oblige if you like

Ok So you went onto the platform and found the only products that have no future contract..Well done ,gold star for you

If I give a quick glance over the forums I can see multiple threads created by you about trading oil, gas, gold and OJ at the very least...All of which  do have 

So are you now trying to say you only trade cypto  but like to post about everything else

Edited by mark27

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Another week of hopeless trading ... my balance is getting smaller and smaller.  This TA stuff just doesn't seem to work on a reliable or consistent basis.  :)

 

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@Mark27000 and @mark27

I just noticed there are two of you. You must be twins. 😂 

That is so disrespectful. I have been trading Crypto's on IG's platform for well over two years as well as using XBT Provider One products for Bitcoin which is offered in SEK and EUR. However, why I am I wasting my time explaining this to you. I don't need to. For the record I did not go and try and find the only products that have no future contract. You are just making assumption after assumption. This is Comedy Platinum. 🤣 I suppose that was the only thing you could write to get out of a tricky situation. Well done. 👏 No please do not oblige in being rude. By all means be professional and share your trading wisdom on another thread of course as this thread is related to spread betting. 

If you look at all my threads over the last couple of years then it is not difficult to work out that I am trading Crypto's more than another other asset class. Just have a look at the themes, majority of them will be Crypto related. I don't know the exact percentage but I am willing to bet that a high majority and a high percentage of them are Crypto related. If you can prove me wrong then please do. 

Anyway if you are the fountain of all wisdom and you think you are better then let us see what you know and what you have got. So what assets do you trade and what is your trading style. How long have you been trading. What can you offer the IG Community in terms of something that can improve traders here? Can you offer anything which is not available for free online or normal textbook stuff that we can all read?

Are you willing to share any live trades and show bad traders like me (sorry I cannot be a bad trader as I don't even trade) or other bad traders how to trade and consistently make profits year upon year. I am sure you will come up with an explanation of how I am just looking for someone to teach me how to trade or blah blah blah. Let's see what you have got in terms of trading ability and execution.

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14 minutes ago, TrendFollower said:

@Mark27000 and @mark27

I just noticed there are two of you. You must be twins. 😂 

That is so disrespectful. I have been trading Crypto's on IG's platform for well over two years as well as using XBT Provider One products for Bitcoin which is offered in SEK and EUR. However, why I am I wasting my time explaining this to you. I don't need to. For the record I did not go and try and find the only products that have no future contract. You are just making assumption after assumption. This is Comedy Platinum. 🤣 I suppose that was the only thing you could write to get out of a tricky situation. Well done. 👏 No please do not oblige in being rude. By all means be professional and share your trading wisdom on another thread of course as this thread is related to spread betting. 

If you look at all my threads over the last couple of years then it is not difficult to work out that I am trading Crypto's more than another other asset class. Just have a look at the themes, majority of them will be Crypto related. I don't know the exact percentage but I am willing to bet that a high majority and a high percentage of them are Crypto related. If you can prove me wrong then please do. 

Anyway if you are the fountain of all wisdom and you think you are better then let us see what you know and what you have got. So what assets do you trade and what is your trading style. How long have you been trading. What can you offer the IG Community in terms of something that can improve traders here? Can you offer anything which is not available for free online or normal textbook stuff that we can all read?

Are you willing to share any live trades and show bad traders like me (sorry I cannot be a bad trader as I don't even trade) or other bad traders how to trade and consistently make profits year upon year. I am sure you will come up with an explanation of how I am just looking for someone to teach me how to trade or blah blah blah. Let's see what you have got in terms of trading ability and execution.

The reason for the 2 usernames is I have UK account which I used until last year ,then transferred to the Australian branch .2 different logins and so when I came on here most recently I created a new name with my new username but my phone still had the old username saved and uses  autofill ...

I have not labelled myself as a fountain of knowledge, I am saying that you are not one ..posters like you stick out on all the forum's,constantly posting dribble day in and out like a copy and paste job...

Everything you write is just long winded nonsense..take a post earlier some asked IG to make a fingerprint login for android...your reply is "an iPhone has a fingerprint login "..What was the point of it ...you.post just to post 

The one thing you are correct about is showing how to trade.like others that have asked for help ,nobody will explain how they trade ...the only ones that do that take your money and are useless or like you, Walter Mitty types that play.in forum's pretending they are trading gods

And while you bring up disrespectfulness , if you had any respect or class you would sort out that profile pic

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1 hour ago, TrendFollower said:

Are you willing to share any live trades and show bad traders like me (sorry I cannot be a bad trader as I don't even trade) or other bad traders how to trade and consistently make profits year upon year. I am sure you will come up with an explanation of how I am just looking for someone to teach me how to trade or blah blah blah. Let's see what you have got in terms of trading ability and execution.

 

Ha, nobody will do this - no on can be 'consistently profitable' just by using charts and TA. 

The odds are not even as good as 50/50.  It's incredible ...

The one and only way to avoid losing money is to not trade.

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@nit2wynit

The Web Platform seems to perform a bit better when the volume indicator is turned off ... just a bit though

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7 hours ago, dmedin said:

Another week of hopeless trading ... my balance is getting smaller and smaller.  This TA stuff just doesn't seem to work on a reliable or consistent basis.  :)

 

TA is just a tool, it's not trading, some tools might aid you but will never be the determining factor as to whether you will be or are successful or not.

You are right to question what is believable as often things people say isn't, when you are inexperienced it can be hard to know which boastful claims are true or which are false, best just to be wary of anyone who does it at all.

Then there is the other side of the coin, people persistently conjoling you in order to get you to reveal the holy grail indicator or the golden key or the magic words or whatever they think the secret is, but there is no secret, they get nastier and nastier and you just have to get defensive and rude because their real character has come out.

I once saw a man who looked to be painting a very nice picture but it must have been a fake because when I asked him how he did it he just gave me a blank look. I expect there are some real painters out there somewhere but they probably went to art college or something.  

 

 

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9 minutes ago, Caseynotes said:

Another week of hopeless trading ... my balance is getting smaller and smaller.  This TA stuff just doesn't seem to work on a reliable or consistent basis.  :)

I was at a party a while back and was chatting to a friend, we were standing next to an old piano and he said to me "Can you play a musical instrument at all?" I said "I don't know, I've never tried". So I sat down on the piano stool and bashed on the keys for a minute or two but it must have been broken because the noise was horrendous. It was a shame really because now I guess I'll never know. ☹️

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15 hours ago, dmedin said:

@nit2wynit

The Web Platform seems to perform a bit better when the volume indicator is turned off ... just a bit though

I'm realising it might need to go between the 2.  It's unbelievable how smooth PRT is compared to Web though, but  I still can't figure out how to place a trade efficiently, see my balance, know how much the trade is going to cost etc. on PRT.  

I wasn't Trading this week.  I mean, I was placing trades on the demo but it was just to see what happened and work it all out.  However, still found some great potential trades using the scanner, but need a bigger list- I think it's limited to 30?.  That last one I posted NDK was it? was worth a few hundred quid alone.

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10 hours ago, Caseynotes said:

I was at a party a while back and was chatting to a friend, we were standing next to an old piano and he said to me "Can you play a musical instrument at all?" I said "I don't know, I've never tried". So I sat down on the piano stool and bashed on the keys for a minute or two but it must have been broken because the noise was horrendous. It was a shame really because now I guess I'll never know. ☹️

Casey, I smile reading your many analogies.  They great. :D

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13 hours ago, Caseynotes said:

I was at a party a while back and was chatting to a friend, we were standing next to an old piano and he said to me "Can you play a musical instrument at all?" I said "I don't know, I've never tried". So I sat down on the piano stool and bashed on the keys for a minute or two but it must have been broken because the noise was horrendous. It was a shame really because now I guess I'll never know. ☹️

I used to take piano lessons.

With enough practice, one can play beautiful pieces of music.

One grows personally, being exposed to wonderful music and developing the discipline to read sheet music.

Trading? One loses a lot of money and has nothing to show for it ... while some guy in a pin stripe suit at the City gets another £500,000 bonus this quarter for reaming the pond life ****.

Edited by dmedin
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Recently watched this video below. Think it fits this thread well.

Want to give a quick summary and hear your thoughts.

Anton Kreil is a former trader at Goldman Sachs, JP Morgan and Lehman Brothers: https://www.linkedin.com/in/anton-kreil-994390b/

Now is running his own Trading Academy: https://www.itpm.com/

His narrative is in short: Don't trust any trading educators which aren't or haven't been professional traders, because they don't know how the industry works. Also don't trust any brokers by default, cause all they want is your money.

With him having been a professional trader, this narrative obviously suits him well.

Interesting what he says about how the retail trading industry works:

A broker has 4 revenue streams:

  • Spread
  • Commission
  • Capitalising on getting credit facilities cheaper from the investment banks than they lend it to their retail clients (e.g. overnight holding fees)
  • Taking the other side of your trades as they know 90% of retail traders lose money, so easy money to bet against them. They say brokers usually rate their clients into two buckets (with an algorithm), where 90% are in bucket A, where trades are un-hedged and the broker takes the other side of the trade. And bucket B, where trades are hedged, so the broker doesn't have any exposure on the traders trade. If the trader wins, they win, if the trader loses, they lose. Broker is break-even every time, but makes still money on the other 3 revenue streams. Only 10% of traders land in bucket B.

Now that we understand the 4 revenue streams, he also says, there is a narrative created to push retail traders to trade in a way, so that these 4 revenue streams are maximised.

This means, they want retail traders to trade as many times as possible (paying spread and/or commission every time they trade), with as highest volume as possible (higher volume, higher credit fees) and consequently be unprofitable, so that they can take the other side of their trades to complete their 4 revenue streams.

In order to achieve creating and socialising this narrative, they work with "trading educators", like all the guides  and gurus on youtube and instagram to help them push this narrative. The gurus obviously get paid by the brokers for this.

All in all there's a strong conflict of interest between the educators and the retail traders and also between the brokers and the retail traders. Brokers want to make money, educators get paid by the brokers and retail traders need to finance the whole party.

Investment banks are behind this system (via giving the brokers cheap credit facilities), because they actually need the retail traders to provide volume to get out of trades.

He also says, that "day-trading" is not really a thing with professional traders. What they do, is managing portfolios of about 10-20 positions at a time, which are chosen 80% of fundamental reasons and only 20% technical. They take positions days, weeks or month in advance when the market is quiet and then use the volume spikes provide by retail traders, when news are being released for example, to get out of their positions at a favourable price.

My own thoughts below

If this is true what he says, and it sounds sensible to me, what is the best way to make money as a retail client then and beat the system?

Trade as little as possible to minimise the revenue stream the broker makes with you. Don't take credit facilities from the broker. Instead of having 90% of your margin requirements tied up in 1 position, have 10-20 positions at a time, which are chosen based on underlying fundamentals.
Ultimately, become a profitable trader, so that the broker needs to hedge against you and taking the other side of your trades becomes unprofitable for them.

 

The key question is now, how to get on news and relevant information before they happen in order to take these trades in advance and then get out when the news are released to the public?

If we take the recent spike in oil price as an example, caused by these attacks on Saudi Arabian Oil Facilities.
Surely some big investment banks and hedge funds made big money on this oil price spike. They knew before that an attack like that is going to happen eventually. They might even play a part in it and provide funds to help facilitate such an attack. The investment banks don't provide funds directly to terror organisations, but provide them to various governments, who then uses those funds to provide weapons, technology or else to various terror organisations. Once an organisation is found who is willing to do the attack on the oil facilities, the professional traders take their positions, long Crude Oil. Now they just need to wait until the attack happens. News are being released. Retail traders around the world jump on the news. Oil price spikes up. Professional Traders use the volume provided by retail traders to get out of their positions. Job done.

Without having a couple of billions in the bank to fund global terror, is there any other way how we retail traders can participate in trades like this? If anyone has any ideas, would love to hear more.

 

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This is quite an old video now and has been posted and discussed on the forum before. Worth noting a couple of points, firstly that he smears all educators in what is basically the introduction and launch of his own very expensive education academy and secondly he smears all brokers without reference to any regulation authority as if they all operated out of Israel or some third world swamp.

It really is just a big advertisement to get people to sign up to his courses, as in you can't make money using educators or brokers or by day trading unless you sign up with us. 

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16 hours ago, dmedin said:

I used to take piano lessons.

With enough practice, one can play beautiful pieces of music.

One grows personally, being exposed to wonderful music and developing the discipline to read sheet music.

yes, and probably takes us a step closer to the truth. How many can play the piano straight off the bat - 0%. But of all the people who started to learn how many kept going til they were at a professional standard  - 1%?

I don't think I ever heard of anyone who didn't blow their first trading account, sometimes their 2nd and 3rd as well. So some of those who are listed in the studies are not new traders at all, they were on their 2nd or 3rd or 4th attempt.

That's why the advice is always to concentrate on just staying in the game, keep bet size as low as possible, give yourself time to learn the technicalities of trading and chart reading (rather than technical analysis).

I've been repeating it on this forum constantly for well over 3 years but it's just not what new traders want to hear.

 

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9 hours ago, Caseynotes said:

yes, and probably takes us a step closer to the truth. How many can play the piano straight off the bat - 0%. But of all the people who started to learn how many kept going til they were at a professional standard  - 1%?

I don't think I ever heard of anyone who didn't blow their first trading account, sometimes their 2nd and 3rd as well. So some of those who are listed in the studies are not new traders at all, they were on their 2nd or 3rd or 4th attempt.

That's why the advice is always to concentrate on just staying in the game, keep bet size as low as possible, give yourself time to learn the technicalities of trading and chart reading (rather than technical analysis).

I've been repeating it on this forum constantly for well over 3 years but it's just not what new traders want to hear.

 

 

They could have left their spare cash in a 2% savings account or even in an S&P ETF or managed fund and made some money, and in the meantime used their spare time to learn a skill that gives them a good chance of finding a better job.

After one year I feel like most of what I tried to learn is more confusing than enlightening and I have to start again from the beginning. 

Is it worth 'blowing it' for several more years, or putting the money by and learning something with a much better chance of paying off?  (Such as learning a programming language...)

I f**king hate office culture and modern work but I'm not talented or lucky enough to escape from it.  :D

Edited by dmedin

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7 hours ago, dmedin said:

 

They could have left their spare cash in a 2% savings account or even in an S&P ETF or managed fund and made some money, and in the meantime used their spare time to learn a skill that gives them a good chance of finding a better job.

After one year I feel like most of what I tried to learn is more confusing than enlightening and I have to start again from the beginning. 

Is it worth 'blowing it' for several more years, or putting the money by and learning something with a much better chance of paying off?  (Such as learning a programming language...)

I f**king hate office culture and modern work but I'm not talented or lucky enough to escape from it.  :D

How long does it take to 'learn to code'? 🙂

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2 hours ago, Caseynotes said:

How long does it take to 'learn to code'? 🙂

 

lol :D

 

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On 22/09/2019 at 11:39, DSchenk said:

Without having a couple of billions in the bank to fund global terror, is there any other way how we retail traders can participate in trades like this? If anyone has any ideas, would love to hear more.

I haven't watched the video but I have an insight.  The Spike you refer to, or The Breakout based on News etc. creates the first spike.  Is it likely based on the scenario you've explained that the 1st pullback, is the Large Sell Offs?  Maybe.  The 2nd and 3rd run of Breakouts are the retailers trying to catch a wave.  Hence; leave the first spike, buy the 1st pullback, get out at the next pullback.

How's today looking.?  I still can't figure this PRT out lol.

Can someone please tell me how to place a trade with Stops in place and to know what it's going to cost me to place it on the Demo? :D

Edited by nit2wynit

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9 minutes ago, nit2wynit said:

I haven't watched the video but I have an insight.  The Spike you refer to, or The Breakout based on News etc. creates the first spike.  Is it likely based on the scenario you've explained that the 1st pullback, is the Large Sell Offs?  Maybe.  The 2nd and 3rd run of Breakouts are the retailers trying to catch a wave.  Hence; leave the first spike, buy the 1st pullback, get out at the next pullback.

How's today looking.?  I still can't figure this PRT out lol.

Can someone please tell me how to place a trade with Stops in place and to know what it's going to cost me to place it on the Demo? :D

Retail traders even collectively can hardly move a market, a spike up is caused by large traders getting in early and buying because they get their news first via subscription news feeds, the spike is helped along by sellers pulling their sell orders ahead of the buying because they think they can sell at a higher price later. Once a target is hit the pullback after a spike is profit taking but if there are only a limited number of sellers the pullback will stall and buyers will look to reload pushing price up for a second leg. As @nit2wynit points out this is the best opportunity for retail to jump aboard. This wave (zig zag) pattern repeats until there are enough sellers to turn a pullback into a bigger reversal.

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having a read over the thread I have to speculate...

there must be a pretty solid correlation coefficiency between a few on this thread and conspiracy theorists.

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24 minutes ago, cryptotrader said:

having a read over the thread I have to speculate...

there must be a pretty solid correlation coefficiency between a few on this thread and conspiracy theorists.

That would be me....though they're not CT's.  What I believe that isn't in MSM is actually true or coming true.

However, If you're suggesting that trading is NOT and conspiracy based upon markets, numbers and statistics then........It's important to realise that financial institutions and the likes of Insurance companies for Instance, Conspire to create wealth through the perversion of Fear, Loss, Scarcity and Greed.  To assume it's is ONLY a Theory is a bit naive. 

Were you here in 2008? :D

Edited by nit2wynit
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15 hours ago, dmedin said:

most of what I tried to learn is more confusing than enlightening and I have to start again from the beginning. 

....but now you learn with experience.......Your decisions will be different; or they should be :D

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dmedin, no way should you be trading real money until you have working system that you have either back tested or used for at least 100 trades. You then have to develop a trading plan for your system to make it as mechanical as possible. This hopefully takes the emotion out of trading. Initially I would concentrate on the longer time frames to filter out as much noise as possible. You have to record all of your trades, winners and losers, so you can analyse your performance (an excel spreadsheet) and hopefully fine tune your trading. And then you need a lot of patience, it's not a get rich quick process.

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19 hours ago, cryptotrader said:

having a read over the thread I have to speculate...

there must be a pretty solid correlation coefficiency between a few on this thread and conspiracy theorists.

Haha, it's not called a conspiracy if it's the truth ;)

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Was actually thinking about what Anton Kreil said a bit more.

So if it is true what he says and the professionals have about 10-20 positions and holding them for 1-3 month each, let's do this though experiment.

10 Positions held for 20 days each on average. That's half a trade per day, meaning one day you open a new position, the next day you might close one and the next day you might not do anything at all.
If this is the reality - what are professional traders doing all day long in their 16 hour days???
You can't tell me they are doing analysis for 15h and 50 minutes and then taking a position before they call it a day?

As a retail trader trading the FTSE 100 at the moment, I'm looking to make 20 points per day. Trading with let's say £10k, that would give buying power to trade a quantity of 25, meaning 20 points are £500 per day profit. On a month (let's say 20 trading days) this would be £10k profits. Subtracting 1 losing day per week we end up at £6k profits on the month.

Now thinking about the professional trading style according to Anton Kreil.
10 Positions, means equity per position is £1000 on a £10k account. With 20% margin requirements, we're looking at exposure of £5k per position.
In order now to make £6k profit per month to align with the retail trading approach above, we would need to find equities which make 12% movements in a given month. (12% * £5k = £600; £600 * 10 positions = £6k). Of course you won't be able to be right 100% of the time, so you should more look for 20% potential movements and have a few losses or beak-evens amongst your positions.

I guess it all comes down to this question now:

Is it more probable to capture 20 points out of an Index like the FTSE 100 per day and that 4 days per week with 1 day per week losing 20 points or is it more probable to find 10 equities per month which make 20% movements on that month?

What are your thoughts?

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4 minutes ago, DSchenk said:

Haha, it's not called a conspiracy if it's the truth ;)

Institutional traders have absolutely no interest in retail traders, the reason being, taking FX as an example, the bank for international settlement data tells us that the top 10 investment banks alone account for 2/3 of total fx trade volume while retail traders account for just 3.5%. The sharks feed off each other, retail traders are not even a lite snack. And as for a brokers business model that is designed to put it's clients out of business as soon as possible is only possible if operated by con men from a country with non-existent regulation.

Anton Kreil's tactic is to lay waste current perception of education, day trading and brokers in order to make room for his new Academy that educates traders to day trade via brokers.

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On 22/09/2019 at 11:39, DSchenk said:

This means, they want retail traders to trade as many times as possible (paying spread and/or commission every time they trade), with as highest volume as possible (higher volume, higher credit fees) and consequently be unprofitable, so that they can take the other side of their trades to complete their 4 revenue streams.

:D

As far as trading as often as possible, all brokers want that - even 'respectable' ones that only deal in buying and selling of 'respectable' shares.

I suppose they want us to be unprofitable because our money serves them better when it's in their account rather than ours, even if it means we can't trade with them any more.

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    bradleyjreid
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    • So US indices have been climbing higher (albeit a red day today). Trump needs the US stock market to blossom in order for him to say that it is a lot higher since he became US President.  So what happened to the wall he was going to build? This was one of the key pledges he was making during his election campaign. It is no different to Boris Johnson saying with confidence that the UK would leave the EU on 31st October 2019! There were even messages on the M1 (Motorway) in the UK inferring this.  POLITICAL SPIN and Marketing Wizardry at its best. Trump has focussed the media attention on the US-China Trade War to deflect from his broken promise so far.  Traders need to understand the fundamentals and how they work when it comes to politics and economics when trading not just US and UK indices but all major indices around the world. There were lots of stock market predictions being made about how it was going to see a big fall but this has not materialised. It may well do in 2020, I don't know, but never fight the trend until the bend at the end. Even then the bend can turn back again and continue which is what we have been witnessing with the US indices as politicians control the news flow, dictate the narrative and plot the course for stock markets.  
    • One should treat trading like a business. In any successful business there would be a business plan. So for any successful trader there must be a trading plan.  There is a cheesy line but very true which is something like - failing to plan is a plan to fail.  Some of the best and most successful traders in the world will have and are more likely to have a trading plan. I would be surprised if they do not.  This trading plan can be an evolving plan which can be changed and adapted as situations change, knowledge improves, experience is gained, etc. 
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