Obviously it will be 100 and 0.001 USD. The name already says it "total units TRADED", not "total units in account".

Point equivalent is calculated with the account size or traded size?

right, it was just my point that people shouldn't think that normally banks are mainly in the financial markets. The biggest position for most typical banks still is the business of lending loans. But of course there are some that specialize in ...

Do you believe in forex?

I always thought banks are in the business of lending money to qualified individuals and corporations. Maybe you should check one time the balance sheet of a typical bank. Normally the biggest position is loans and receivables.

Do you believe in forex?

you do know that you are not allowed to put advertisements for any site into the rookie forum. That should go to the commercial section. Anyways, the moderators have been informed.

Extracted Posts

sorry, but that site looks a little cheap. They should get a professional programmer.

Social Network for Traders

no right or wrong answer. Some use other markets and some don't.

Relating currency strengths to the US & German Indexes, DJ, Oil, Gold

not sure where this should be stupid. non-directional trading has existed for years, at least since options have been created. There are lots of strategies with options that don't require you to know the direction of price. Of course creating an ...

Argue with stupid? Stop it..

My experience in the beginning has been: All the pips I made in the higher time-frames, I gave back in the lower time-frames. My suspicion is that it has something to do with program trading / high frequency trading, which exploit intraday behavior ...

Trend Trading All Pairs

I think you are doing something wrong, if you are overwhelmed by 15 pairs. Which time-frame are you trading? well, if you can do some programming, then you can instruct a software to wait for the bpc and then enter automatically. yeah, good attitude ...

Trend Trading All Pairs

I still disagree. The outcome of the last coin flip does in no way influence the outcome of the next coin flip. I always have a 50% chance of flipping either heads or tails. So guess what, if I flipped heads 100 times in a row then in my next flip I ...

Probability depending on distance

Okay, I read that, and I still don't get how a mean reversion strategy should work on totally random markets. Sorry, I am too stupid for this. For mean reversion strategies to work, the probability to getting to the point of origin always has to be ...

Probability depending on distance

the probabilities will probably also change when you look at other months and instruments.

Probability depending on distance

okay, maybe wrong word, I meant random. okay, random markets anyways don't exist, but just for the sake of discussion: I think your premise is wrong (for truly random markets). If we are talking about truly random markets, then each (e.g.) 10 pip ...

Probability depending on distance

not sure if that is true. The probability calculations change when a normal distribution is NOT assumed. And several papers have pointed out that the markets are not normally distributed, thus you are required to calculate probabilities differently. ...

Probability depending on distance

ah yeah, sorry, mixed up the nominator and denominator when posting the formula. thanks

Probability depending on distance

Of course they can. But what happens when creditors allow their debtors to wipe out the debt? Ever heard of people not being able to pay their mortgages and then the banks just took the assets until they could recoup the money? Well, and this is the ...

World debt and who they owe money to

not sure what the difficulty is here, math101. Assuming a normal distribution you can calculate it the following way: 1-(10+20)/20 = 33% that take profit is hit, 1-(10+20)/10 = 66% that stop loss is hit. however, the premise of a normal distribution ...

Probability depending on distance

I would say there are several elements: 1. the mechanical components: these should all be based on observation / empirical studies. Just creating a system without knowing, if the system is any good is not going to lead to success and only because ...

What are the components of a successful trading system?

yep, now the only thing we need to accomplish is to be able to identify when the market really overshot. That is the real challenge. Maybe it would be interesting to create a simple formula that calculates the approximate value of one currency vs. ...

Looking at Exchange Rates in a Scientific way

Not sure if arguing over semantics is going to help spur discussions.

Looking at Exchange Rates in a Scientific way