I worked with one of these sort of guys, a director of my firm, he'd made millions before his mid 30s and taught me a lot about brokers. In other words they only want you to trade, they don't really care! There are many conflicts of interest and it's better not to take much notice of trading commentaries
The video is very well worth watching although some of the trading he refers to is in equities and options, weighted towards 1 to 3 month trades, and fundamental rather than technical means of selecting trades, although CFDs and leverage gets a lot of mention.
He also has a few other videos on you tube and was a high flyer in Goldman Sachs Leaman Brothers and other merchant banks around the world so probably knows his subject really well. Of course you might have seen him on Million Dollar Traders at the BBC
Link to video about how brokers carry on
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wiseambitions
- AIMSter
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Link to video about how brokers carry on
I wish more people would come on here to share something on their journals
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."