Yes, a country usually holds a referendum on the issue. Look at what happened with Ireland.

Will the pound disappear?

Proof that stupid people should not write legislation. You cannot improve the liquidity of a market by taxing it. Still, until the text goes from committee to the floor, I wouldn't worry about it. Committees are like a roach motel, roaches check in ...

Transaction Tax: .025%!

You can report some of this year's losses, and perhaps carry losses into future years. That means a deduction, so yea... by all means take it.

Forex Taxes

Bank holiday in the US.

We are approaching VERY serious times

ROTFLOL. If someone had a source of tradeable news (most isn't) that was out within seconds (minutes won't cut it, lol) then it certainly wouldn't be free. If it was, then it wouldn't be worth trading. Trading is competitive, money is an edge.

Anyone knows free, good & fast financial news webs for fundamental analysis?

Yes, there's a chance. I mean WTF is "normal" anyway?

what do you think of putting some money into dow

Given the tightning range formation it's very likely we'll see a breakout soon.

what do you think of putting some money into dow

Very well said. It's not the chart pattern, but the underlying forces, that drive things. The patterns merely reflect that.

We are approaching VERY serious times

I don't normally like to call doomsday, but double tops like this are usually accurate. If the neckline breaks and holds, it's S&P to 450. Fortunately there are other possibilities. It could reverse and range, or it could pull in more buyers and ...

We are approaching VERY serious times

If you reduce the size of your bet then your losses are compounding over time even with winning trades. I guarantee that the market can remain irrational far longer than you can remain solvent. Martingale systems have no edge, they merely obscurely ...

Thoughts on randomness and systems

When daily volatility is high, trends take less time to complete. If you use a trend-based system you need to adjust it to shorter TFs to compensate. Doing so, however, exposes you to intra-day whipsaws, which is why a lot of people simply avoid ...

How do you determine the volatility of a pair? low,med or high

Shrug. Most of the time it's just not a good idea to talk about current trades. Not only might others decide to follow suit, and lose money, but it exposes you to analyst pride. If you want to talk about a trade you care about, wait till it's done.

Lessons by Joe Ross

(h+l)/2 doesn't provide a time-weighted average. If price spends only a day at a very low low, and only a day at a very high high, but most of it's time elsewhere... you're not getting a very good result. There's an actual formula for ATR, it's not ...

How do you determine the volatility of a pair? low,med or high

ATR is "Average True Range" ... It's a formula, Google it and you'll find it. Most of us don't need the formula, we just use the indicator.

How do you determine the volatility of a pair? low,med or high

Extensive discussions on this topic... url And url

Proposed New Leverage Legislation

It's where price rotates (ranges) for a bit, breaks out in a big move, then ranges the rest of the day. Inside bar, yes. Tails are like pin bars and key bars, it's where price has rejected off a level. Tail bars have to be put in context tho, ...

The 24 Million Dollar Question

That brings up a good point tho... For intra-day traders, how do you manage the difference in time zones? I mean clearly you can't just trade the US session and ignore the EU/UK like you can w/ equities. So that means being up at strange hours, ...

Dilemma - what to do with your free time?

Nod, certainly should plan out one's cumulative risk exposure. I never have more than 10% cumulative risk at any time, and rarely over 5%. But sometimes taking multiple trades does benefit you. Take a look at the "triangle trade." Ie: 2 currencies ...

Leverage in Jeopardy

Yes, unfortunately many foreign brokers won't accept US traders. $10000 account. 100 pip stop loss. 1% account risk. That's $100 risk, or $1 per pip. .0001 * $100000 = 10 .0001 * $10000 = 1 .0001 * $1000 = .10 That means assuing a 1% account risk at ...

Leverage in Jeopardy

[Mods: While this seems to have no relationship to trading, it actually does.] Brownian Motion: url Assuming a liquid or gas. You really didn't specify the state of the matter. There's nothing mystical about any of this, it's just randomness w/ a ...

How to resolve a confusion?