@Kilabe,

Sasa you are calling me a stooge? I juad you'd come after me anyway.

Does not change the fact that you are a greedy punk. You got what you deserved. May you lose another $4,000 you greedy punk. Happy when things are good alafu when things turn unawika. You are the con yourself. Conning yourself ati "Dont worry Kilabe,everything we'll be just fine. Let me just close my eyes and I'll get back my deposit. Let me sign this contract to make the upperhill guys think that it's a civil matter. Lakini if they mess me up I'll go screaming on stockskenya halafu I'll call cops. Ati courts of law - ah,too expensive. I'll wika and then I'll hide the contracts. Because we are in the aftermath of pyramid schemes,si everyone will believe me? Ama?"

Conman Kilabe. You guys beware of this conman amongst us. His victim is himself. Greedy punk.

I need no inspiration to make money

Go long on EUR/USD..expect some resistance in the 1.5080s...so far 500 pips gained if you traded from Tokyo session.

Anyone who lives within their means suffers from a lack of imagination

@xnjmabi
Damn i did not notice a scam protector is existing around if SK .Calling guys who have been taken advantage of as conning themselves.That pretty bulls*** to comeout of your mouth while guys out there are misinformed and they still exist.And you with loud mouth coming to defend and say a lot of nonsense,you could have been chopped off your head by people by defending thieves.Am sick of a person like you instead of saying right information tobe given you are just saying contracts and bulls*** scrap.What if people dont knwo or they are given scanty information. A protector of thieves!!!!
AS i said forex is good but beware of this scam protector!!!

HARD WORK,HARD WORK HARD WORK

Regarding efficiency of arbitrage it will all depend on the person,but its a good risk-minimizing technique but that does not underlie that using other techniques are not efficient enough.

Arbitrage is a somehow a good risk-low strategy that allows an investor/trader to act fast on opportunities presented by the price inefficiencies on currency pairs.It comes after an trader notices strong correlations on the currency pairs,which means going against each other in most times. There is correlation effect as with EUR/USD and USD/CHF which mostly goes against.Its a correlation effect which have tracked and tested for some time by a trader and mathematically using arbitrage calculators to attest the correlations as they are simple than manually. I can say its all about finding strong correlations.Like in EUR/USD USD/CHF there is a strong near perfect negative correlation of -98% which means that if the first pair is making a move upward chances are that the opposite will be made on the second pair.
Other currencies have also positive correlations like the AUD/USD NZD/USD most of the time has positive correlations and other pairs too.

Example EUR/USD,EUR/GBP,GBP/USD pairs are 1.1837,0.7231,and 1.6388 respectively. In this case,a forex trader could buy one mini-lot of EUR for $11,837 USD. The trader could then sell the 10,000 Euros,for 7,231 British pounds. The 7,231 GBP,could then be sold for $11,850 USD,for a profit of $13 per trade,with no open exposure as long positions cancel short positions in each currency. The same trade using normal lots of 100K,would yield a profit of $130.

One good thing is that it minimize losses and acts as a hedge.
In an instance that you take a short position with EUR/USD 100k units and short position USD/CHF 100k units and the EUR/USD increases by 10 pips a person may end up making $100 loss on first pair but(taking into account the exchange rate) the USD/CHF will make a profit of $84.You will have minimized losses to around $16.Depending on the strong movements of the pairs which may inhibit your profits also.But in the worst case scenarios it minimizes your losses at times.Taking long and short position helps a person to even double up the profits and even diversify advantage.
-It also discourages repeating taking positions that cancel each other and save time.It also corrects itself on the errors done at times.

But this does not mean its a perfect,as @tonicasert said there are also pitfalls which ae very influential.Arbitrage trading requires real time pricing quotes to take advantage of very fast taking into account the different time zones.

- Correlations strengths also are not constant with time though they depend on how strong they are.Most correlations change with time as economic events change the strength of correlations and at most times have an effect of shifting trends.The effect of shifting trends are very serious in the pairs and a person needs to have information and updates,its not a comfortable zone as when the shifting trends occur they will only end up reducing your profits without even you knowing as you will think it will correct itself.You need to have information!!

For a person who have tested it and feels comfortable then its good,congrats @alala. This does not mean that using technicals and fundamentals are still inefficient and as @tonicasert said usage of techniques best at the person is also the best.I do believe that developing techniques with fundamentals and technicals and others wont make you spend a lot time and make mistakes,it largely depends on the effectives of the trader on the techniques.

Its good we are sharing good information.Whats up@tonicasert!




@NGAATU

Incase there is someone still long on the EUR/USD pair,it would be advisable to TP now. The big range evident in the open today makes this pair open to all sorts of movement in the NY session. I would suggest closing any open position and re-entering the pair when the NY session gives it a definite movement.

Anyone who lives within their means suffers from a lack of imagination

@NGAATU...with all due respect,the net has bridged alot of in terms of education. Going on a demo account for at least 4 months will greatly provide one with the necessary skills and information on forex trading. Fleecing people in the name of giving them classes on forex trading is one path i do not encourage.

I went through babypips.com before i started trading. That is where i received my education on forex trading. Coupled with a demo account for 5 months,i was able to start earning a living in forex trading. If i can do that,what makes other minds of inferior quality that i have to TEACH them forex trading @ ridiculous fees?

Anyone wanting to learn about the forex market can do so absolutely free at www.babypips.com...if someone feels that they need to complement that knowledge,they can always visit one of the so called forex colleges but at least they will be doing so as a matter of informed choice.




Anyone who lives within their means suffers from a lack of imagination

Ngaatu and Toni,

Me I am a serious believer in having a trading plan. A system is just having a trading plan and sticking to it. You can do this manually or in automation.

This maneno of someone having experience and skill in FX is true but the risks are just too high. At least for me. My personal feel is that I would never let anybody trade my account on a discretionary basis. But that is just me. And I encourage everybody else to be more adventurous.

I've met over 400 experts in FX who profess their experience.

Ebu just ask them to show you their account statements! Heh,it is like asking them to sell you their mother!

If you persist and threaten and the finally do see these statements,you just collapse out of sheer shock and have some crazy seizure.

Whenever someone says he is an expert,ALWAYS ASK FOR THE ACCOUNT STATEMENT. Every time. Without fail.

So for me,with all possible respect to professional FX traders,my money stays with a clear pre-explained mathematical system of trading. I know exactly why and when a trade is being taken because the math says so.

As Xnjambi says - ikienda mbaya,I know why and we can examine the mathematics again in a very open fashion. Once that is done,we rectify.

Low stress. I do not need to trust someone's experience. Especially someone who is mortal,can get sick,can get mad,can get bored,can get excited,can change careers,can quit trading and not transfer his skills.

FX is risky enough. I cannot risk more on someone's discretion - especially my own.

Its true one can learn alot from the net (my techs I learnt from the net),but it may take a while for someone to fully grasp everything. But if someone has alot of interest,and dedication,one can make it. But the college fees that you save,you MAY endup paying some of it to the market by way of learning mistakes. But this is allowed. Or one may go to college and learn in a short while,but still have to learn (practice) abit on their own before hitting it live. Take 3-5 months of demo practice.

But the best teachers would be experience and learning from others.

We can start by posting afew lessons/tricks here for the newbies (am not saying am experienced)

Seems the EURUSD bus is back again. I think I will climb it for 40-50pips.

The EDS has just booked for me 398 pips in profit today. Happy fundamental trading fellaz.