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Macdon commented Jan 28, 2015Why should you complain about Greeks who don't pay taxes? Every country has tax dodgers and some of the biggest ones are multinational corporations and not Greek. url Greece need to get out of the euro, go to the drachma and develop their economy ...
EU Hunts Formula to Keep Greece in Euro Zone
- Macdon commented Jan 23, 2015
Who will pay for the increases in wages, pensions and of the state sector in general? Oh, I know, the downtrodden populace. Commies have destroyed every country they've ever touched. North Korea, Vietnam, Russia, Poland, Romania, Yugoslavia, the ...
Syriza win in Greece won't be a disaster for EU
- Macdon replied Jan 22, 2015
The gap can be a killer. That's why I like FX. I traded indicies before and like them too. Indicies can theoretically go to $infinity, where as FX is sinusoidal. Of the indicies I like the SP500, FTSE and DAX, but to each his own. Of course anything ...
Forex vs CFDs: what do you prefer?
- Macdon replied Jan 21, 2015
You could get a broker who knows what they're doing. Ironically mine is Swiss. It looks like the market makers tried to go for a big kill and got slaughtered like worthless dogs in the process. Dukascopy is my broker of choice and I do recommend ...
How effective is stop limit order in extreme volatility?
- Macdon commented Jan 20, 2015
Well I guess it could happen, but I won't trade CB manipulated currencies and my broker seemed to have the situation under control by imposing 1:10 or so leverage on these pairs.
EXNESS: Trading of currency pairs with CHF and RUB resumes
- Macdon replied Jan 20, 2015
Looking at my broker's charts (Dukascopy), it appeared there was 0 volume and virtually no-one touching the CHF pairs. Those that were able to touch them due to their broker not imposing low leverage like 1:10, were probably waiting for a great big ...
AUD/USD
- Macdon replied Jan 20, 2015
Then if there was no buyer, how could your broker open a long position for you?
AUD/USD
- Macdon commented Jan 20, 2015
I've never traded the CHF nor RUB, but after the fiasco with the SNB, I never ever intend to trade the CHF.
EXNESS: Trading of currency pairs with CHF and RUB resumes
- Macdon commented Jan 20, 2015
They cannot allow the property to overheat. Interest rates are the major way to control this and now that the Chinese are buying ferociously into our property market, I'm not sure what an interest cut would do except cause property prices to go ...
Slumping petrol prices boosts Westpac Consumer consumer confidence
- Macdon commented Jan 19, 2015
I'm not quite sure about that. url According to Chinese government figures, in 2003, its GDP grew $US1.6 trillion dollars. In 2013, while its GDP grew at a slower 7.7 per cent, its GDP actually increased $US9.1 trillion, more than five times the ...
Will China be the next forex peg to break?
- Macdon commented Jan 19, 2015
How does that old saying go? Possession is nine tenths of the law.
Dukascopy covers negative balances, ensuring security for all customers
- Macdon commented Jan 19, 2015
Dukascopy is my broker of choice and I do recommend them. They are an ECN broker and they had this SNB fiasco covered by raising leverage on EURCHF exposures to 1:10. When looking at their charts which show the depth of the market (DOM), only a ...
Dukascopy covers negative balances, ensuring security for all customers
- Macdon replied Jan 18, 2015
There are no opportunities on CHF. The bankster crooks have made sure of that. Why would anyone trade that little criminal hideout nation's currency after this? I never touched CHF pairs before this and I don't intend to start now. Everyone should ...
The CHF tsunami - 15 January 2015
- Macdon commented Jan 18, 2015
url “The scenario of such shock had been anticipated four months in advance as shown in our news published on 3rd of October 2014: “Due to the possibility of a break of the 1.2000 floor in EUR/CHF which may see significant price gaps and cause ...
Swiss central bank defends franc move despite turbulence
- Macdon commented Jan 18, 2015
They are nation of banksters. All world criminals hoard their ill-gotten wealth in that mountainous hideout. Without banking they would just be a nation of goat-herders and farmers. This was a carefully orchestrated move and someone profited big ...
Swiss central bank defends franc move despite turbulence
- Macdon commented Jan 15, 2015
I think too and I'm neither. I'm glad someone articulated what I've been thinking for a long time. What good are economists and if they were any good, they'd all be independently wealthy, but they're wage slaves like many of us?
What Good Are Economists?
- Macdon replied Jan 15, 2015
Surely the prior knowledge of what SNB were going to do would make most prudent traders have no positions in CHF or EUR pairs until the hurly-burly's done? I think a lesson we could all learn from this is to not trade currencies that are pegged to ...
The CHF tsunami - 15 January 2015
- Macdon commented Jan 14, 2015
I hope the AUD goes up and smashes these bankers up the bottom where they deserve it. They've jawboned it even though the fundamentals are not that bad. Some porcine heads are going to roll, roll down the street, roll on the internet even.
Australia’s Biggest Jobs Gain in 8 Years Defies Doves
- Macdon commented Jan 14, 2015
Yes, the fundamentals may not be terrific, but remember the AUDUSD has tumbled from about 1.0500 to 0.8200 in a relatively short span of time. It can't just keep going down, especially since the imbeciles in government and the RBA keep talking down ...
AUD selling as Copper crashes
- Macdon commented Jan 14, 2015
What the RBA wants and what happens in reality are 2 different things. The fundamentals of AU are good as you can see with the employment figures. All the RBA can do is talk, talk, talk. They dare not try and intervene or they'll lose billions as ...
AUD selling as Copper crashes