Do you need to carry your computer to the store to buy a TV with your credit card? Same thing here, paper money will disappear. It will be replaced by electronic (digital) money probably stored in a tiny GPS activated chip that people will have to ...

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video

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The U.N. itself wants a global, one world currency, take a look: video

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How would they know you bought gold? Well, again, try to buy just 2 kilos of gold (about $100,000) and you wouldn't believe all the paper work and identity check you had to go through. Don't worry, they know if you own gold.

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Thanks for your intervention SteveHopwood. And yes, you did the right thing, we should always discourage that kind of rude and disruptive behavior.

"The Logical Trader." Newbies, ask your questions here

I am not very familiar with international laws but I suspect similar gold/silver restrictions exist in other countries as well. Try to buy 1 kilo of gold in France and see what happens for example.

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Yes, but the government has the legal right to confiscate your gold and silver at any time (at least in the US), did you know that?

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Let's say you want to buy a six-pack of Heineken. You go to the store and the vendor will simply transfer, let's say 6 "credits", from your account to his account, just like with a credit card. No more currency, no more paper money, just ...

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In the long run I believe all currencies will simply cease to exist. No more paper money, no more dollar, euro, pound, yen, etc... just electronic "credits" that you can use worldwide to buy and sell stuff. This is not science fiction, this type of ...

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The Eurozone is only the first step for the One World Government, New World Order "elite" that is going to enslave us all sooner or later, on a global scale.

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Only World War 3 could trigger an instant 4,000 pip move on the euro. But then, being right or wrong about the direction of the Forex market would be the least of your (our) problem

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No, even fixed-spread brokers cannot guarantee your stop, especially when the market is moving fast, read your contract.

USD/JPY Discussion

If you have not done so already, I suggest you watch Romeo and Juliet, the Zeffirelli version, a classic and one of my all time favorite movie. video Nonsense, your honor is safe. Have a great weekend.

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That's why I love Sundays, they allow you to play a few high performing gap-filling strategies with very limited risk

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There is also another possibility, the yen could 300 pips higher in the next few days, slowly and quietly, without any intervention at all. The trader should always be prepared for any possible scenario, not just the "obvious" one.

USD/JPY Discussion

To surprise everybody maybe, especially the sleepy traders. Never trust the Yen...

USD/JPY Discussion

Absolutely, the main problem with some ECN Forex brokers is the liquidity. You enter a trade and BAM, the market could move against you fast but no one wants to bail you out and take the other side of your trade.

LMAX = revolution?!?

If BOJ intervenes on Monday (late Sunday for US traders) you really want to act fast, so in my opinion the 1H chart is better if you want to ride the trend, unless you can afford the larger stops that the 4H charts require.

USD/JPY Discussion

So you guys are still waiting for that big BOJ intervention that will make you rich overnight? Jokes aside I think the Yen is too nervous these days, judging by all these weird short-lived spikes coming from nowhere. Personally I am not touching ...

USD/JPY Discussion

On the daily charts, the 20 period moving average (MA) corresponds roughly to the 20 trading days of the month, so it is a popular number. The other well known moving average is the 200 period MA. This number represents about a year of daily bars ...

"The Logical Trader." Newbies, ask your questions here