Comments on: Daily Forex Report: Being Truthful w/ Yourself http://trading-u.com/blog/index.php/archives/1677 Forex & Futures Trading Education Sun, 09 Jan 2011 20:29:47 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: admin http://trading-u.com/blog/index.php/archives/1677/comment-page-1#comment-246 admin Thu, 11 Mar 2010 19:04:04 +0000 http://trading-u.com/blog/?p=1677#comment-246 HI Phil, I could be wrong but, it ain't gonna' happen. Talk of all these changes reminds me of Hong Kong before China took over...everyone was worried and belly-aching about that while the attutude on the Chicago trading floors was "China's not going to take over Hong Kong, Hong Kong is going to convert China". And that's what happend. Free markets will be around as long as there's free men. As long as human nature doesn't change don't worry about markets and methods. ;) Jay HI Phil,

I could be wrong but, it ain’t gonna’ happen. Talk of all these changes reminds me of Hong Kong before China took over…everyone was worried and belly-aching about that while the attutude on the Chicago trading floors was “China’s not going to take over Hong Kong, Hong Kong is going to convert China”. And that’s what happend. Free markets will be around as long as there’s free men. As long as human nature doesn’t change don’t worry about markets and methods. ;)
Jay

]]> By: Phil http://trading-u.com/blog/index.php/archives/1677/comment-page-1#comment-245 Phil Tue, 09 Mar 2010 12:07:52 +0000 http://trading-u.com/blog/?p=1677#comment-245 I take the point about blaming others in cases where traders aren't taking responsibility themselves. In those cases. It's like politicians blaming the media sea in which they swim. But I don't yet see a case for being completely dismissive about the possible enormous impact of future regulations, laws, taxes etc - insufficient leverage size can surely mean that some small players will be out of the game completely.. also, if the proposed worldwide transaction tax ever does come in - what affect could that have? Absolutely huge spreads? Surely it could affect traders massively. It's interesting to look at markets too where there is nothing for a broker to hedge against, such as the 20, 30+ pip spreads for sector trades compared to 1 or 2 pips for an overall index against which a tangible broker hedge is possible. I'm thinking I should make hay while the sun still shines and make enough trading so that should the worse come to the worst and make only investing the feasible option, I'll have enough loot built up to stay in the new game. I take the point about blaming others in cases where traders aren’t taking responsibility themselves. In those cases. It’s like politicians blaming the media sea in which they swim.

But I don’t yet see a case for being completely dismissive about the possible enormous impact of future regulations, laws, taxes etc – insufficient leverage size can surely mean that some small players will be out of the game completely.. also, if the proposed worldwide transaction tax ever does come in – what affect could that have? Absolutely huge spreads? Surely it could affect traders massively. It’s interesting to look at markets too where there is nothing for a broker to hedge against, such as the 20, 30+ pip spreads for sector trades compared to 1 or 2 pips for an overall index against which a tangible broker hedge is possible.

I’m thinking I should make hay while the sun still shines and make enough trading so that should the worse come to the worst and make only investing the feasible option, I’ll have enough loot built up to stay in the new game.

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