Yesterday, the Israel Defence Forces tweeted this:
Many traders didn’t notice the #YomKippur73
hashtag, and mistakenly assumed that the bombing happened now, instead of 40 years ago! The oil price went from $110.40 to $111.50
It’s not the first time that a simple Tweet
had a big impact on the market…
Rule number one when you open a demo account: never give your main email and never give your real phone number!
A few weeks ago I opened a demo account on axitrader, today I receive this email:
You was trying to call me??? Who said that you can???
Obviously, seeing this aggressive selling behavior, I’ll think twice before opening a real account this them!
How many times we saw an advert like this? Just trade for a few hours in a week and you can pay your rent, it’s a child play!
I wonder why people is so dumb, and continue to work, if it’s that easy to make money!
The awful truth is that binary options are gambling, that the “100% safe” strategies they are pushing, aren’t that safe either. They just say: if trend is negative, sell, if trend is positive, buy; analyze the 5 minutes history for deciding the trend….
What those ads really care is that we open a new account, so they show how it’s easy to make money with a few clicks and no effort. Maybe they can even say that a cat pushing random keys can make $1000 a week!
Maybe it’s not the broker that is making the advert, like those “how to make $210 in 15 minutes” videos, where he ends the video saying “this hack works only with 24Option” or “I saw it works best on Plus500”. You sign up, and he takes a share of your
The only way to pay the rent with Forex is to invest at least $50000. If you are good you can make a monthly 3%, that means $1500 (then you have to pay taxes on them); if you aren’t good you will lose them all…
The problem is that, since this kind of investment is extremely risky, you have to invest only “useless” money, something that you can afford to lose. Never take a loan! It’s true that, if you are good, you can make a yearly 40% and easily repay intesters, but it’s also true that if you aren’t good you will lose everything. Sh*t happens, nowadays a tweet can move the market unpredictably, and you can lose a lot.
There is who buys bitcoin as an investment, there is who buys expensive but powerful video cards to generate them, my opinion it’s that it’s a bubble.
wrote, until yesterday it was like this:
But today did this:
The reason is a DDOS attack to the exchanges.
I just received this email from AvaFX:
Uhm… there is something wrong. Why they should change the password for every user while the market is open
? If it’s just a security routine, why they did not warn me, or why they did not change it on saturday morning? It looks like they have been hacked and they were forced to issue a site-wide password reset, exactly as Evernote did a few days ago
Today I was playing around to optimize the CPU usage on my VPS: MetaTrader uses a lot of it even while on weekends and by night, when it’s not in use:
Something that’s not widely known is that most of Windows VPS are actually emulated by Linux servers. On each Linux server there are 20-25 separated instances of Windows (according to the subscription price), they run completely virtualized: an huge waste of resources.
Instead, a Linux server can be virtualized in a “container”, with native access to resources, without overhead. I did an experiment: on the same Linux computer I measured the network latency of a virtualized Windows server and the network latency of a Linux “container”:
The linux VPS has less latency compared to the Windows one, because it doesn’t have to emulate a full operating system.
What’s good about a Linux VPS is:
- It’s at least $15 monthly cheaper (it’s the cost of the Windows Server 2008 license)
- Since it uses less resources, you can take a less powerful one, saving on subscription
What’s bad about it is:
- “Hybrid” EA like NumberOne will never work on Linux+Wine (it does not work even on XP)
- Linux is more complicated
- Some sellers are putting up to 250 VPS on the same server, with obvious drop in performance.
- If the seller did not configure the container very well, hackers can “make a hole” on the container “walls” and access your files
A few days ago I was thinking
about buying CypherFX.
In fact there is a 50% discount promotion, and the price looks very good. But, there is something wrong, and I decided that even $147 is not worth, this is why:
- The website is full of the usualI marketing bullshit. Enthusiastic reviews that are blatanly fake (I read on donnaforex that were present even before the actual EA commercialization!), impossible promises, and so on. The perfect website that a company that makes EA should be like the SteadyOnFX one. Just a plain wordpress site, with REAL RESULTS, no bullshit, no demo testing and no backtests based on hypothetical results from 1999. I can’t go back in time and use an EA from year 2012 in the year 1999 like the Megadroid guys are doing on their website.
- They have 2893 fan on their Facebook fan page.
That’s impossible, all of their posts are useless garbage spam (it’s their trades and some other marketing). Who would fan them and see thousand of those messages?? They used black hat techniques to get automated registrations from thousands of fake users to get a lot of “fans”. Just see the stats to understand what I mean! They get 1500 fan a week and most of them come from New Delhi…
- They have 2168 follower on Twitter. Here is also impossible, their tweet are 100% spam, who is gonna follow them??? Let’s make some example! @t51115381, @Zokimaster, @shaunhirst1, @Yeliane
registered on Twitter JUST FOR FOLLOW THEM (they never tweeted something!), and the others seem like they subscribed to an automated “mutual following” service to get an higher follower count and get a longer e-penis.
- The system creator is famous for his marketing campaigns, like his “magic” video course on oversold-overbought, that actually is an indicator that say when buy or sell. For just $10 I was tempted to buy it, then I realized this: if this indicator is that magical, why he didn’t make an EA out of it? Probably it’s not that magical, if it doesn’t make profits, the user will think that he made something wrong, instead of blaming the system.
- I read on donnaforex that the tech support doesn’t answer email.
- I read on donnaforex that people have open trades in loss from the 1st november (almost a month!)
- I read on donnaforex that someone lost the 30% of his capital (but they set the aggressivity/risk to the max).
- On donnaforex there are many people writing about the losing trades opened a month ago, but the seller doesn’t answer it. Instead, he wrote about the black friday sale!
- Then the main reason: the official myfxbook account
doesn’t have the negative trades that the customers are claiming on donnaforex, and does not trade since 16th november! (one week) It should trade everyday! They disconnected it intentionally, to hide the losses? The open trades are hidden, maybe it’s down hundreds of pips, but the graph shows only profits! In the forex world transparencyt and honesty of sellers is a must, how can I trust someone that hides bad results by showing only good ones?
I have to say a “thank you” to the heavy Italian taxation: I already clicked “buy now” when I noticed that a 21% VAT was applied to the total amount! I shouted “WHAT???” and I closed the window, having more time to think about it.;-)
I saw on DonnaForex forum a thread about a new EA: CypherFX.
|In my opinion, the graph is so “winning” because they set it at a very high risk
The thread has been started by someone that would get a commission on sales, so, like most sellers, expecially in the Forex world, his words must be taken with a grain of salt, but the results are not bad at all!
The EA costs $300 for an account license, and $500 for the 5 accouns license, but for Black Friday, you will get a $150 discount if you order it from this link
. (And maybe a $7 rebate if bought from the DonnaForex referral link – but I am not that sure, I should ask. It’s E forse un rebate di 7 dollari se acquistato tramite il link referral trovato su DonnaForex – ma non sono sicuro, dovrei chiedere. It’s not charity work of course, he will take something like the 25% of my sale, and he will send me back the 5% after 60 days as a rebate, to incentive me)
Trades a basket of pairs, balancing losses with gains, it’s similar to the free nanningbob, with the difference that the latter is
impossible to configure correctly: I got margin called in a few weeks on two demo accounts. The basket is kept up to seven days.
It seems that it gets entry points from a remote server, making it impossible to backtest it (and to pirate it – unless they badly coded the authentication system), but for $147 looks very interesting, what do you think about it?
After that, he continued to improve it, to adapt it to the current market conditions. (I subscribed to his newsletter)
Maybe he was just unlucky at the beginning, or maybe the settings are too aggressive, in order the make the most money in the least time, but I am impressed to see that last year it had a great result, while this year it doesn’t…
Today on the myfxbook blog the results of the latest “who is gonna earn more” contest has been published.
Since it’s a demo, and since the goal is to earn the most, everyone traded at maximum risk
… and I think that most newbies would do the same
… me too, at the beginning, I was thinking that risking up to 10% of the capital for each trade was a great idea… and it didn’t end well… (here
the public profile)
The final result is this:
|Almost everyone lost virtual money in this competition.