Forex Funded Prop Trader Jobs in Forex

Transitioning from Big 4 audit to prop trading (UK/APAC)

I know it might sound weird for a risk averse auditor to transition to a job mainly around taking calculated risks, but unfortunately, it was from getting into audit that I realised how much I actually loved trading by trading part time while audit was full time.
I've been trading for the past 3 years in Forex with a strategy which only this year became consistently profitable. This is why I decided it could be time to try for something bigger than just doing it as a side hustle.
Education wise, it was a degree in accounting and MCs in Finance from Imperial with a dissertation based around Python and machine learning, (Fully qualified accountant too) but I guess it's still uncomparable to the STEM degrees which the prop firms seem to be looking for.
Would love to get advice on whether I stand a chance if I were to apply to prop trading roles in London/APAC regions?
submitted by thewan2345 to FinancialCareers [link] [comments]

What makes learning forex worth it for you?

What makes learning forex worth it for you?
I've been spending the last few weeks while in furlough learning about FOREX for three main reasons,
  1. To learn something new
  2. To do something productive with my free time (vs browsing reddit or playing games)
  3. To make some money on the side
Now, ignoring #1 and #2, I've just been thinking about #3. I have a pretty good day job when I'm not furloughed (work in marketing data analytics in the tourism sector which is obviously fucked), but I've been thinking about ways to get some cash on the side to fund my sort of expensive hobbies. I've been thinking, if I could trade on the Japanese market from 6-10pm Mountain Time a few nights a week, could I net more than I would working a part time job?
And the answer is, based on the research I've done making the assumptions below, not without a starting capital of in the $20,000-$25,000 range... Which is doable, I guess, but I can think of better uses for my savings account and will probably be playing with less than $5,000 and tiny risks to live test. Anyway, I've made some assumptions below and I guess I'm just looking for someone who wants to step in and confirm or deny my thoughts. That being said, I'm not going to *not* continue on with forex trading as a hobby, but I think I just need to throw out #3 above unless there's something I'm missing.
Assuming 1.5% a month which seems reasonable based on the research I've done so far, compounding:

https://preview.redd.it/70kd6z2paq051.png?width=175&format=png&auto=webp&s=4a79d70e44d52ca0c9b3b0c5cc8f56bd93e1dad4
With these assumptions, and $20,000 to start, you're looking at about $4,000 in earnings over the course of a year. Now, I could go across the street, get a job at a hotel front desk, and work for $15/hr times 8 hours per week times 40 weeks a year and beat this. Not as fun, clearly, but it seems to take the "making money" side of this whole thing away. So what are you all in this for? Do you actually have six figure or million dollar accounts and are making something worthwhile off the ROI, or set up with prop firms and hedge funds? Are people here actually hitting 20%, 30%+ yearly, more? Or is everyone else just here for shits & giggles?
submitted by PoorMajesties to Forex [link] [comments]

I hope you get filthy fucking rich this week from oil stocks

I have a great feeling about this week. Why? Confidence in the markets. The economy has officially started to recover, in a big way.
Thursday night, my beloved cindicator gave me two signals, saying that the non farm payroll data and unemployment data would beat expectations the following morning. I loaded up on USDJPY longs and holy shit did that work to be fair I was basically break even on the week, but that forex trade felt good af.
Why did oil stocks go up Friday? Because of this data that came out Friday. I’ve never traded pennystocks and forex at the same time, so I was unaware of how these Friday reports would affect penny stocks. But let’s have a look at the data:
Analysts were expecting 9,000,000 jobs to be lost over the past month. Well, 2,000,000 jobs got added. That is a huge surprise. Analysts were also predicting 19% unemployment, and it came in at 13%. WOW. The report came out in the morning, and companies like FET went up 56% in one day lmao (oil is the best indicator of economical health, can’t prop up oil like you can with sp500 etc)
Remember when everyone was talking about oil stocks a month ago? Well, now is the time for oil stocks. With this new data coming out, it means people are getting back to work, and will probably use public transport less/ personal vehicles more (just like is happening in China)
Oh yeah, OPEC agreed to extend production cuts through July
Now is the time for oil stocks
Cheers!
submitted by trevandezz to pennystocks [link] [comments]

[Econ] Can You Not Die For One Second?

[M] This meme I made describes how I feel right now, why can’t my economy just be normal and just function, very upsetting. [/M]
The Russian economy is in freefall, which is quite an unfortunate problem to say the least. After experiencing minor growth for the past two years, the economy has decided to kill itself, which can be quite an issue when unemployment skyrockets to 22%, and the value of the rouble drops faster than Saudi Arabia’s chance of not being stuck in an eternal civil war. Taking experience from the 2008-2009 and the 2014-2017 Russian financial crises, we are well prepared to restore economic order to the country. This must be done quickly, as the longer we stall around, the more our people shall suffer, and the odds of escaping this pit of economic despair shrink. To escape this financial crisis, there are three main fields that need to be addressed extensively to prevent the economy from detonating on itself. The first field being social welfare and the lives of the people within Russia. With unemployment at 22%, the people of Russia will be suffering, and if we are to emerge from this crisis, we need to work with them and ensure their safety and wellbeing to recover faster. The second field is the rouble, and the general state of the economy. The value of the rouble has skyrocketed, and inflation is running rampant, which if this is allowed to continue, will decimate our economy even more, so this must be brought under control as soon as possible. Furthermore, many businesses and factories in the country have slashed employees and have almost gone out of business themself, so drastic action needs to be taken there. Finally, the final field being the roots of the crisis, corruption, and the sanctions on Russia from the west. The roots of the problem need to be pruned so that a disaster like this never happens again.
Russia is stuck between a rock and a hard place right now, but this is our trying moment. If we emerge from this disaster, we will come out stronger than ever before, and will become closer as a country, showing that Russia is the only way forward. Through cooperation between the people and the government, we will make it through this crisis.
Field One: Welfare
One of the key fields of this crisis that needs to be addressed is the welfare of the people. Unemployment is at a record 22%, and this must be addressed before anything else can be done. With this many people unemployed and not able to get jobs, this will cause havoc all across Russia as people will struggle to make ends meet in terms of living their lives. To counteract the immediate issues that this will cause, food, shelter, and other amenities for people need to be secured and guaranteed. First off, guaranteeing food for all people who are unable to afford it or acquire it while being unemployed. In recent years our production of all agricultural goods has skyrocketed due to the introduction of GMOs, so we can provide government “soup kitchens” for the unemployed to come and reliably get food. The government will provide the farmers with money for their crops, and in return the food can be placed into these free places for people to eat, therefore avoiding the concern of people starving. Housing will not be as critical of an issue, as there is state housing available, but it is limited in capacity, so something must still be done. This issue can be solved with the issue of unemployment, which I will elaborate on further. Essentially, new state housing will be built in all places that need housing for the unemployed, and this can provide temporary residences for the people to stay out of the elements when the time comes. As for things like health care and such, these are provided by the government, and due to the recession, funding for them will be raised to account for the inevitable rise in human needs.
To place a major dent in the issue of unemployment, much with what the United States did during the 1930s during the Great Depression, we will be taking a leaf out of their book and creating a plethora of new programs. The major program however, will be the program known as Rehabilitation Russia, which will revolve around infrastructure improvements all across Russia, and constructing new buildings as well. This ties into building new state housing, and draws inspiration from the programs from the American New Deal in the 1930s, namely the Works Progress Administration, Civilian Conservation Corps, and the Public Works Administration. All of these programs focused on providing work to unemployed people, and working on infrastructure around the country. This same principle can be applied in Russia, hopefully to the same degree of success. The temporary jobs granted through these programs can provide enough time for the factories that these people were laid off from to be up and running again. With all of this in place, this can grant additional benefit to Russia while also ensuring that these people do not go without jobs. While not everyone will get a job from these programs, it will stem the major flow of unemployment for the meantime, and hopefully grant enough time for the major sources of employment to reopen.
Additionally, for those who are unemployed, the current unemployment benefits are nowhere close to being enough to allow a person to survive. Per month currently, each person only gets around 12-80$ of unemployment money, which is insultingly low. In this recession, with a large number of people in unemployment, this number needs to be increased drastically. To aid the people who are unemployed, the minimum amount of money that can be granted per month will be raised to $150 USD, and the maximum will be raised to $960 USD, which depends on the lifestyle of each person. Someone who has a large family will receive the larger benefit, and someone who is alone will be granted the smaller funds. By raising the unemployment benefits for the recession, this will allow for the people of Russia to still be able to actually survive during these uncertain times.
The funding needed for this will come from slashing other budgets across the scale, and from loans from the Central Bank of Russia. These loans, of course, will be eventually repaid once the recession is over, but something must be done in the meantime to provide the people with a form of welfare and the means to survive.
Field Two: The Economy:
The rouble is in freefall, and the economy is about to be hit by a large train of shinkage, which is quite an issue to summarize. The first thing that must be done for the economy will be to stabilize the rouble. To stabilize the rouble, just like in 2014, the Central Bank of Russia will withdraw $5 billion USD to purchase roubles in the Russian economy to work on stabilizing the currency. Due to the large reserves of the Russian Federation, this can easily be accomplished, and should be more than enough towards stabilizing the rouble. This being done will go a long way towards climbing out the recession, as the stabilization of the rouble will bring back confidence in the economy. To help revive the economy, a government bailout program will be the way that the economy is saved. Russia has extensive reserves of foreign currencies (henceforth referred to as forex reserves) that we have been saving for an event like this for sometime, and now is the time to use them. While $5 billion USD from our forex reserves is being spent to prop up the rouble, this will not be enough to stabilize the economy totally. Therefore a bailout program on a massive scale is required, and the estimated total cost of the government program is $200 billion USD. Around $100-150 billion of this can be gained domestically through raising the VAT and other taxes, while also dipping into our forex reserves and slashing the budget of other ministries. The rest of this money, however, will be given as a bailout loan from the IMF, depending on how much they are willing to give us. This government bailout will be critical to prevent the entire country from entering further economic collapse, and will give us a swift rebound. Where the money goes for the bailouts, however, will be very important as the money is limited as to where it will go. Therefore the money will mainly be focused on reopening factories and bringing back old job positions before the recession. Furthermore, money will also be needed to bailout other important companies that went under in the recession, so focusing on other businesses other than manufacturing is also important, as more places other than that went under. Small businesses in particular are quite important as large numbers of them went under during the crisis, so further bailouts for them are needed. The money will be divided as follows, $100 billion towards manufacturing bailouts as this sector of the economy was the hardest hit from the recession, $50 billion for small businesses, as they were also hit particularly hard, and $50 billion for other sectors of the economy that were hit, but not as hard as the previously mentioned ones. Through these targeted bailouts and financial measures, this should stem the flow from the recession. These measures emanate those from both the 2008-2009 and the 2014-2017 financial crises, and things that worked then will work now.
Acquiring the funding for the bailouts domestically, however, will be difficult, and drastic measures must be taken to ensure this. The value added tax in Russia in particular will be raised from 20% up to 27% for the foreseeable future until the financial crisis has passed, and then past then it will be restored to the normal levels. In particular, the taxes on natural resource extracting will be raised up 2% from whichever level it was previously (this is done because the rates fluctuate for each resource and I don’t want to spend 3 hours writing down each and every one). Through both of these specific taxes being raised, the money from this will be enough to enable the bailout measure to be mostly be funded domestically, rather than through IMF loans. The raising of these taxes is only a temporary measure, and once the recession is over, they will go back to their standard levels so as not to make our citizens' lives even more difficult.
Field Three: The Roots of the Crisis
Despite having extensive measures to stop a crisis like this from even happening, they were not enough to escape the roots of the problems that led to this happening. Corruption and sanctions from the EU were the drivers of this entire recession, and something must be done to combat each and every one of them. No more measures to just delay the inevitable, these issues all right here stop this year, or the next year, Russia will no longer play victim towards the whims of the roots. Action will be taken, and these issues will cease to exist.
Corruption is something that Vladimir Putin has already touched upon at an earlier time, but this time more must be done. Anti-corruption courts were already empowered, and corruption in various different sectors of the government was dealt with to remove the epidemic of bribery that existed within the country. However, one part of corruption that has not been dealt with was tax fraud and tax evasion, which now more than ever is something that needs to be clamped down on. Following the model of the United State’s Internal Revenue Service (IRS), we can mimic their actions to catch those who attempt to deprive the government of their taxes. Russia has a right rate of tax evasion and tax fraud, and by checking over reports sent by their employers and other third parties, and comparing it to their taxes, we can catch people who commit tax fraud. This is an issue that Vladmir Putin feels strongly about, so he will be personally expecting results from this now, and in the future. By attacking those who commit tax fraud and tax evasion, we can also provide the government with more revenue that is sorely needed at this time.
Sanctions from the EU, however, have already been lifted significantly, and this will serve as the rallying cause for our economy. With the aid of European trade coming in, this can serve to assist our economy in climbing out of the recession. While this is not agreeable for our policy, this is something that must be done to ensure the economy does not suffer anymore than it has to. In the future, once the recession is over however, Russia will return to its former strength and prosper once again.
Government interventions into the recession that are swift and precise can help bring about an end to this recession sooner and better. Following methods that worked during the last recessions and financial crises, Russia can escape this calamity stronger than before.
submitted by ForeignGuess to Geosim [link] [comments]

I wanna quit, and I have a plan, but I'm nervous...

I'm at a horrible job right now and it genuinely makes me unhappy and depressed every day, to the point where it's affecting my physical health. My workload doubled recently because 2 guys quit, and my company refuses to hire anyone new, yet they are constantly yelling at and belittling me and my coworkers because we are not getting everything done, even though we have taken on more responsibility and do different jobs that we are not paid for. I have to stay late often and don't get paid OT. Plus we have to perform tasks that we aren't trained for, which makes us look bad with customers, and we get blamed for it despite multiple requests for proper training that have gone ignored. I've about had it, and I feel like I may have a plan to get out but I'm nervous, just because of alot of unknown factors.
I want to replace my income with a few different streams while working the same amount of hours per week or maybe a little less. First, I want to try delivering for doordash, if I do it 30-35 hrs a week I should make at least 2/3rds what I make at my current job. Next, I am looking to get into audiobook narraration. I have experience public reading and have a good voice for it, it's just a matter of booking jobs. I figure I could Doordash while I audition and wait to land parts, if I can land one decent paying book per month I will have fully replaced my income. Lastly I've been learning how to trade forex, and once I feel confident enough to take my prop firm evaluation I could make some serious money. And with the strategy I'm using it should only take about 30 mins a day.
I have the plan in place, but I'm just so nervous to pull the trigger because I don't really have much savings to fall back on, so if audiobooks doesn't work out and I fail my prop firm eval, I'll be really scraping by with just doordash while putting alot of wear and tear on my car. Should I pull the trigger? Are my doubts justified? Idk what to do...
submitted by LegendOfXela14 to QuitYourJob [link] [comments]

Don't be a fool!

Im new to reddit and the Forex community here, but I have been reading some of the post and they are truly concerning.
I noticed a trend of novice traders who don't even understand how margin works yet have ridiculous dreams of making big money in this business. It will not happen.
First of all, STOP falling for IG traders or anyone who claims they went from $100-$50k in a week yet can't show any broker statement (They usually show flashy cars, clothes and sell some kind of service, if that was not enough they are 16-22yo) If you fall for this then you deserve to lose all your money. Actually, DM me so I can give you my Paypal and just transfer it to me.
Demo and backtest then go live or if you want to improve faster then deposit $250-500 into a broker and trade 0.01 orders. It will give you some skin in the game and you will most likely end up going full margin on a trade and will blow up your account (This will make you want to put the actual work in and not be a dumbass).
Choose your broker WISELY, do NOT go for some bucketshop that offers 1:1000 leverage because you think you will make bank and show social media what a baller you are.
If you want to have a realiatic chance of making this your full time job/career then trade smart and by %. Your best bet is to grow an account over a year and if you have good consistent results then you can find investors or make a go at a prop firm. Mind your drawdown, no one wants to invest in someone who can blow up their account in a day.
Last but not least, this is a long road full of pain and reward. Take it seriously and accept that you will lose money and simply MOVE ON to the next trade. DO NOT tell people that you trade, you will most likely fail and end up in debt or broke and people love to say "I told you so".
I say all of this since I have made every mistake in the game but through pain and perseverance I finally became profitable. FAIL QUICKLY so you can get on the right path sooner. Best of luck to everyone.
submitted by thirstfourknowledge to Forex [link] [comments]

Boyfriend (21M) is lazy, does nothing, doesn't even look for jobs which is sending me (21M) and him over the edge slowly.

Hi all.
This is the 4th time I've tried to write this, and I $ you not, I've been writing for the last hour.
So I work full time, earning approx. £24k per year which is a bit over minimum wage.
My boyfriend used to have a job in another area around 100 miles away when he lived back at home however when we moved in together 5 months into the relationship he came with me.
3 month after moving in, he got a job at a local supermarket working 16hrs per week and said it's not somewhere he wants to stay forever, and it was okay for the start as he was getting plenty of overtime. Eventually he wanted to be working full time somewhere.
He has dreams and ambitions of having his own business, like a tattoo parlour, or a pub, or something like that. He has plans to travel the world and wants to do this all with me.
He does want to go to Uni, and for this he needs to resit a few of his exams which he keeps mentioning he wants to do.
Issue is, that around Feb/March 2019 he had to leave his job on medical grounds (couldn't lift heavy items anymore and this was his job).
Since then I started helping him apply for new jobs, at first he got a few interviews (video, phone and in person). The video interview he never did saying that the camera inverts the way he looks so he doesn't want to do it, the phone interviews he did all of them however he missed some as he slept through the day to stay up at night watching GoT etc., he had some in person interviews as well of which he went to one, and was unsuccessful, and since then hasn't been to one. He's had invites for a few more since but still hasn't gone to any.
I have even resorted asking my managers to put in a good work to recruitment to get him working where I am.
He really does want a full time sustainable job and is avoiding jobs such as cleaning, takeaways (McDonalds, KFC etc) which is fair enough, I don't have an issue with that.
When I say I helped him apply for jobs, I mean that I was doing all the applying for him, again which did not bother me at all at first.
It's not been 6 months going on 7 since he was unemployed. As mentioned I get around £24k per year which does leave us really short after bills, repayments on a few of my debts, food etc. is paid for. We're living from payday to payday and one month's wage will only last us 4 weeks, so the 5 week months we have to go a few days pretty much without food and rely on leftovers.
We agreed from day one of moving in to split the bills, which we initially did whilst he was working in the supermarket however eventually when things got difficult and he was stuck doing his part time contracted hours I told him I'd cover all the bills - again - didn't bother me. I see it as our money, not my money his money type of thing.
I am fortunate however that recently my parents have been paying for my shopping and also giving me some homemade food, so that's a monthly expense saved however most of that goes to the bills that I fell into arrears with (i.e. I'm in arrears with gas, electric, water, council tax, his phone bill is in arrears which I'm paying off). After all bills go out, we're left with pretty much £50-£80 emergency money (depending if TV license is due etc).
So, I'm fortunate that I'm able to keep the house afloat with the help of my parents for the nutritional aspect. The only thing food-wise I pay for is dog food as I don't want my parents to be feeding my dogs (makes me feel like a bit of a failure lol). As long as my dogs and my boyfriend are eating, I'm happy.
There's been days where we've been short on food with a day to go until the weekly shopping with my parents, I've lied to my boyfriend and said I've already eaten at work as there was a free buffet on (which work never have), just so he has the last bit of food as if I said to him I was hungry he would never agree to eat it.
Going back to the topic, it's been now 7 months since he's been unemployed. Total jobs applied for are around 100 (even though I was trying to aim for 5 jobs per day for me to apply for him, we all know that's hard whilst working full time as well).
He complains that I'm tired and want to sleep all the time, he complains that we never do anything fun, he stays up all night watching TV and playing video games whilst I'm asleep alone in bed (I don't think I've slept with him in the same bed for a few months now) with one of the dogs whilst he tends to the other.
He wants to be successful but I feel like he's honestly not doing anything about it? A few months ago I put my foot down and said that I'm not going to be helping him anymore as all the jobs I apply for there is some type of problem, and it won't feel the same because it's me doing it and not him so he won't even know what job it is if they ring him back! I told him to try and aim for 5 jobs per day. This was around 2-3 months ago I think. Since I told him this, he's probably applied for around 15-20 jobs in total (I'm thinking more around 10). When I ask him how the job hunt is going he gets defensive, saying that I'm putting him under a lot of pressure that he needs to find a job and he doesn't want any pressure.
I'm starting to think he's not the hard-working individual he proclaimed to be at the start of the relationship.
My week generally consists of waking up around 5am daily, studying the financial markets (search on Google for Forex) until around 7am. Then I start work between 8am-12pm and finish between 4pm-8pm depending on the shift I'm on (it's 7 hour shifts). After I get home, I do tend to carry on studying, reading books, researching on the financial markets as this is what I aspire to be in the future (a full time private currency trader).
He knows all this and sees me working all the time and he says that I work hard and he's proud of me however it makes me feel selfish, and guilty in fact, that I don't feel the same back to him? I've told him even if he volunteered somewhere that's a start as at least he wouldn't be home all day.
He suffers with some mental health issues and so do I in fact. Mine are financially related, struggling to provide for my own household sends me under. We used to have a car and went for daily adventures when things were good. We both miss this.
I miss him.
Again... I'm going off of topic!!! Let's get back to the job situation. He had one response from a job application around a week ago that gave him an in person interview after a successful telephone interview however they withdrew the a few days before his in person interview. I told him not to worry and that there was going to plenty more, he didn't sound too bothered by it but I do think he was upset as he liked the sound of the job.
I want him to get a job and I sometimes feel like grabbing his head and shaking it to put it right lol! I don't want him to feel under pressure but at the same time I want him to understand that he needs to find one as we're relying on other people for essentials at the minute. He wants a good life and I want to be able to start saving money so I can start my Forex trading career as well eventually.
That's the money side of things.
The other side of things is the emotional side. He's deteriorating emotionally and he won't accept this. He's losing the plot and I've told him this. He'll go angry over the smallest things. For example if I was to accidentally slam the door shut (i.e. put more force onto it when not needed because I'm thinking the window is shut when it's open) he'll comment on it. He never used to do this. Same door, same window. He won't leave the house for weeks at times. I have to force him to sometimes. When he wants something (i.e. a snack or a soft-drink) he'll ask me to go across the road (literally 10 steps away) to get it. Leaving it my choice to decide what he eats and drinks. When I tell him he should go and get some fresh air at the same time, he doesn't want to as he's not confident in his own body (he tans, and I've told him not to put as much on whilst we can't afford to buy new ones whenever he needs it, more-so when we can). He'll get a bit annoyed over small things like the pillow on the sofa not being in the right place after I've sat on it and just got off - or if I was in a rush in the morning and left the ironing board out, or had not done the bed up or accidentally left the foot towel on the floor without moving it onto the radiator after I've had a shower. He'll wake up around 4-5-6pm, and then complain that I don't see him or speak to him when I get home and go back to studying and reading what I am doing, even though I'm sat right next to him. I tend to try and sleep as late as I can so I can at least get some time with him even if it's 30-45 mins. Sometimes this is as late as 1:30am, of which you can understand if I wake up at 5am including weekends I'm getting lack of sleep, but I'm used to it so it doesn't bother me really.
All I want is for him to be happy, and for him not to go insane. Even right now, the last time he left the house was.... I can't remember. Perhaps weekend before last weekend when he walked the dog (which I had to practically force him to do).
Props to him he does do most of the housework. He hoovers the most, does the dishes the most, does the washing up the most, lets the dogs out to the toilet the most. I do the money-making, feeding the dogs, the cooking and the ironing. But these aren't limited, we can swap or one of us can do it all one time at the agreement the other will do it all or whatever surplus there was next time.
He's getting settled for this life, a life that we're both not used to but he's settling for it. And I don't want him to. It's killing him on the inside.
I've even tried to explain that if we ever have an unexpected bill, god forbid, how will we afford it? I've sold everything in the house that I could possibly sell to make some extra money. We've literally got a TV, sofa, Xbox, bed, kitchen appliances and two laptops (one that I do my studies one and the other that used to be my brother's that he [boyfriend] uses to play games and watch Netflix - doesn't use to apply for jobs as doesn't have Word on it for CV which is fair enough). I leave my laptop at home all day and have everything logged on for him overnight so he can apply for jobs either whilst he's awake whilst I'm asleep or whilst I'm at work.
So my question/advice is... how should I motivate him to apply for jobs, how should I go about it whilst keeping into account everything that he doesn't want to feel (under pressure etc.)? How do I explain to him that it will actually give us a better life that we're both used to? How can I explain to him that without him having a job, all of our plans, our ambitions, our goals, our travelling will never happen?
Please, if anything else needs explaining or I've not covered anything do not hesitate to ask. I do not take offence to anything whatsoever.
Thank you guys in advance, I hope some ideas can come to light for myself and anyone else in my situation.
Best regards,
X
submitted by stayinganonymous17 to relationship_advice [link] [comments]

Get your Foot In the Door, 15 Job Opportunities in USA and Canada That Allow Remote Working!


Company Name Title Country State City Employment Type
Intuit Credentialed Tax Expert - CPA, Enrolled Agent or Practicing Attorney - Seasonal Remote US CA Atascadero CONTRACTOR
Groupe Maverick Remote forex trader job in chilliwack, bc ,full time CA BC Chilliwack PART_TIME
Charlton Morris Senior clinical informaticist remote US MA Boston FULL_TIME
Maverick Trading Remote trader job in schefferville, qc ,full time - maverick trading CA QC Schefferville PART_TIME
Keil Partners, Llc Developer for marketing cloud services team remote ok US IN Center FULL_TIME
Ag Consulting Continuous improvement manager remote US OH Cincinnati FULL_TIME
Ctr Recruit Chief technology officer remote US IL Chicago FULL_TIME
Groupe Maverick Remote forex trader job in qc, qc, full time CA QC Quebec PART_TIME
Pharicode Servicenow technical consultant with active dod secret clearance location: remote US DC Washington- Dc FULL_TIME
C & G Technologies Mulesoft developer remote US CT Stratford FULL_TIME
International Franchise Association Regional advertising sales manager remote US GA Atlanta FULL_TIME
Intuit Seasonal french bilingual tax expert- canada remote - sainte-catherine-de-la-jacques-cartier CA QC Sainte-Catherine-De-La-Jacques-Cartier FULL_TIME
Maverick Trading Remote prop trader job in sarnia, on, full time - maverick trading CA ON Sarnia PART_TIME
Maverick Trading Remote prop trader job in revelstoke, bc, full time CA BC Revelstoke PART_TIME
Maverick Trading Remote trader job in rouyn-noranda, qc, full time - maverick trading CA QC Rouyn-Noranda PART_TIME
submitted by Bigcat0 to IWantOutJobs [link] [comments]

15 Job Opportunities in USA and Canada That Allow Remote Working, Hiring Now!


Company Name Title Country State City Employment Type
Intuit Credentialed Tax Expert - CPA, Enrolled Agent or Practicing Attorney - Seasonal Remote US CA Atascadero CONTRACTOR
Groupe Maverick Remote forex trader job in chilliwack, bc ,full time CA BC Chilliwack PART_TIME
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【翻译Quora上一篇问答】中国是否正在面临一次银行危机(谈到房地产) by phoebeDD on 2016-10-04

Is China really facing a banking crisis? What are its origins?
(中国是否正在面对一次银行危机?其根源又是什么?)



According to a recent article titled China facing full-blown banking crisis, world's top financial watchdog war
ns published in the Telegraph:
(根据近期电讯文章报道:“世界顶级金融观察者发出警告:中国正在面临全面的银行危机”)
China has failed to curb excesses in its credit system and faces mounting risks of a full-blown banking crisis
(中国已对债务违约失去控制,他们正在面对随之而来的全面性银行危机)
(中国债务/GDP 占比图)


Financial Crises

International Economics

The Economy

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Robin Daverman, Dealmaker
Written Sep 27


Ah, but maybe you want to look around a bit and see how China’s total debt is compared with other economies, like this?
(你可能想看看其他经济体与中国的债务情况相比是怎么样的,如下图)

(G10债务分布图)
If you put China’s data on this chart, it will be somewhere around Canada and New Zealand. Guess Which Country Has Debt Of Nearly 1000% Of GDP... Shocking, isn’t it?
如果你将中国的数据插入上图进行比较的话,中国的数据大约会在加拿大和新西兰之间。猜猜看哪个国家债务大约是自己GDP的10倍....(英国)非常震惊吧
UK has almost 1000% Debt-to-GDP ratio, compared with China’s < 300% Debt-to-GDP ratio, mostly because of that over-sized financial debt - at the end of the day, the government must stand behind it. On top of that, the UK has no resource to sell, hardly any industry left, going through a divorce with EU, and almost never ever meets her fiscal targets. And yet, UK, with its near 1000% debt-to-GDP ratio, is still viewed as the gold standard among safe havens. PRESENTING: The Rosetta Stone Of The Entire Sovereign Debt Crisis Why? Because UK issues debt in her own currency. And who prints the pound? The UK government.
英国的债务/GDP占比将近1000%而中国只是小于300%,其原因是其过于庞大的金融债务——政府最终将不得不为之站台。在此之上,英国没用可出售的资源,没有任何本国工业,正在脱离欧盟,而且英国基本上从来没有达成其财务目标。即使如此,英国仍然被某些传媒视为安全经济体的黄金标准。其原因就是英债都以英镑的方式结算。那么是谁印英镑的呢?英国政府。
Then you take a look at Japan, wow that’s 600%+ debt-to-GDP ratio! But - Japan’s debt is not only mostly internal, in Japanese Yen, but also with 0% or even negative interest. You can roll this kind of debt over practically forever. That’s why people have been yelling about Japanese debt for the last 20 years, and nothing happens.
然后你看看日本,将近600%的债务/GDP占比!但是,日本的债务几乎都是内部的,以日元的形式出售的债务,而且日本是0利率甚至是负利率。实际上这种债务你可以无限积累下去(经济常识:如果是负利率,政府只要保持债务不变,多出来的部分会自行消失)。这就是为啥人们对日债担心了20年但屁事没有发生。
Then you take a look at those economies that have blown up on debt:
Argentina: Government/Sovereign debt in USD, with jurisdiction in New York!Greece: Government/Sovereign debt in Euro, with jurisdiction in Brussels!Iceland: External financial debt → nationalized into Government/Sovereign debt in USD and Euro alone was 700%+ GDP in 2008, with jurisdiction in New York and Brussels.
然后你看看那些因债务问题毁掉的经济体:
阿根廷:政府/主权债务以美元形式结算,其裁判权在纽约!希腊:政府/主权债务以欧元方式结算,其裁判权在布鲁塞尔!冰岛:外部金融债务→债务国有化后2008年政府/主权债务以美元和欧元的形式达到GDP的700%,其裁判权在纽约和布鲁塞尔
Then you look at China, with her debt almost entirely internal, in Chinese RMB to Chinese citizens, government debt at 55%, lower than the US, Japan, and EU average, in her own currency. China’s external debt is about 9% of GDP, globally ranked 184th (less than North Korea, similar to Kosovo) - anyway you look at it, it’s hardly the kind of material to make a banking crisis. China is borrowing a little bit from her own piggy bank. Argentina/Greece/Iceland were borrowing a lot from the Mafia.
然后你看看中国,中国的债务基本都是内部以人民币结算的。中国政府债务只占总债务的55%,比美国,日本和欧盟都要低,再次强调,其债务以人民币结算。中国外部债务只占GDP的9%,全球排行184位(比朝鲜低,比科索沃高)。无论怎么看,你都不会看到中国有任何银行危机的迹象。中国只是向其国内贪心的银行借钱。阿根廷/希腊/冰岛可是像美国欧盟这些黑手党借钱。
PS: The most significant increase in China’s debt is in the financial sector, driven by rising real estate price (which means higher value of housing loans). Right now, the Chinese government is basically using it as a tool to do macro-economic engineering. The goal is to cap urban growth in top tier cities (Beijing, Shanghai, etc.) and push the economic growth to second- and third- tier cities (Hangzhou, the city that just hosted G20, is an example.http://www.g20.org/English/Hangzhou/About/index.html Now you can look back and see why the Chinese government decided to host G20 in a city nobody has ever heard of). This is clearly stated by the Chinese government like 100 times since last year in the official news channels. The reason? Top tier Chinese cities like Shanghai (25 million) already have more city residents than the whole nation of Australia! The metropolitan area of Shanghai (44 million) has more people than the entire population of Canada! In one city! Beijing’s population grew by 8 million within the last decade! The place is simply full.List of cities in China by population and built-up area
PS: 中国最显著的债务增长是在其金融领域内不断升高的房价造成的(不断增高的房贷造成债务问题)。现在中国政府正在利用房价作为宏观经济调控的工具。其目的是限制一线城市的城市化进程和加速二三线城市的发展(刚刚举办了G20的杭州就是个例子,现在你就能知道为啥中国政府将G20放在一个没人听说过的城市举行了)。这些政策中国政府已经在官媒上宣布了无数次。原因就是一线城市,例如上海(2500万人口),其居民数量比阿根廷全国人口还要多!上海都市圈(4400万人口)的人口数量比加拿大全国还要多!北京人口数量在过去的10年内增长了800万!这些城市的人口数量已经饱和了。
In addition to real estate prices, the Chinese government is also doing stuff like restricting residents permits, disallowing second or third homes, even restricting jobs to local residents, everything to say “this place is full. We have these other nice choices, with lower housing prices. Go there.” Young people complaining about housing prices in tier-one cities? But that’s the whole point. The debt you have to take on to live in tier-one cities SHOULD SCARE YOU OFF. The Chinese government is trying to stop the influx of people pouring into tier-one cities, and get these smart and energetic youths to go build two, three, four, five. … more Shanghai’s in other parts of China. 1.4 billion people can’t all fit into tier-one cities.
除了以房地产为手段,中国政府也加强控制了居住证的发放,禁止第二/三套房买入甚至对本地居民的工作种类进行限制,这些都是为了表达一个意思:这些地方都人满为患了。二三线城市有更低的房价和更好的生活条件,快点去那里吧!年轻人都在抱怨一线城市的高房价?但这就是中国政府想要的。你在一线城市生存需要的代价会把你吓退。中国政府正在尝试控制一线城市的人口流入而让有技术和充满活力的年轻人去建设二三四五线城市——让更多的上海出现在国家的其他地方。14亿人口是没可能全部都聚集在一线城市的。
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Paul Denlinger, Involved in China economics study
Written Sep 27


There is too much debt, and a lot of it is likely to turn into bad debt, but that does not equal a banking crisis.
是因为中国贷款太多了,而这些贷款大多数会变成不良贷款,但这些都不等银行危机
Banking crisis may be a nice term to bandy around and get clicks and headlines, but does not really explain what is going on.
银行危机或许是一个十分吸引眼球的头条,但是根本就不能解释实际的情况
There was a lot of debt financing, especially after the 2008 subprime mortgage crisis in the US. In order to keep the economy on a steady keel, the Chinese government, through its banks, pumped money to Chinese state-owned enterprises, in order to keep high employment and maintain an image of “growth”. A lot of this money then found its way into the underground banking system through “wealth management products” and other means. A lot of this has turned into bad debt.
中国政府有过很多次债务融资,特别是08年美国次贷危机之后。为了稳住经济增长,中国政府通过银行将大量人民币注入到国企内以维持就业率和高增长的形象。但这些钱最终大都以理财产品和其他形式流进了地下钱庄。这些大部分都变成了不良贷款。
Another problem area, which frequently overlaps with the “wealth management products” is the local government financing vehicle used to fund local property development, which I have discussed here: Paul Denlinger's answer to Why does China have so many ghost towns?
另一个有问题的领域,和“理财产品”有莫大关联的,就是地方政府为当地基础建设所采用的金融工具(我在这个地方有详细的分析:https://www.quora.com/Why-does-China-have-so-many-ghost-towns/answePaul-Denlinger?srid=tR&share=22b99cfc
What is likely to happen in China is that growth will slow down in some areas, while there will be certain newer parts of the economy which will continue to grow. If the Chinese government is able to support the newer parts of the economy and help them to grow, while cutting back on loans to the weaker parts of the economy, it may be able to handle this transition better.
最可能发生的情况就是中国的经济增长将会放缓,但是肯定会用新的增站点。如果中国政府能支持新的增长点而且能减低夕阳工业的不良贷款率,那么或许能更好地度过过渡期。
This is exactly what the Chinese government is trying to do and you can read about it here:Here is how China is going to quietly save its economy
这些正是中国政府正在尝试去做的,你可以读读这个文章了解一下:http://www.scmp.com/news/china/economy/article/2022491/china-deploys-policy-banks-stealth-mission-stimulate-growth
So, if you are expecting there to be a dramatic run on the banks, and the Chinese people to take to the streets and overthrow the Chinese Communist Party, and become a full-blown democracy like Taiwan, Japan or South Korea, you are very likely to be disappointed.
所以,如果你是期待一次强烈的bank run(自行百度啥是bank run),然后中国人民上街推翻TG,中国大陆变成与台湾,日本韩国一样的政体,那么你要失望了。
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Nikhil Ambhorkar, Self studied Finance.
Written Sep 26


Is China facing a Banking crisis?
中国是在面临一个银行危机吗?
Yes.

Is it facing a full blown Banking crisis?
中国正在面临一个全面性的银行危机吗?
No.

Combined debt of China is almost 300% of its GDP. But the the categorized in 4 parts as it is shown in the image with the question too.
中国的总债务大概是GDP的300%。但是分在了如图所示的4个领域内。
The corporate debt has the lion's portion of the total debt. The household debt and non corporate debt are nothing to worry about because it is less many other developed countries and has some room to grow.
公司债务在总债务中占了大头。个人债务和非公司债务根本没啥可担心的因为这些比大多数发达国家还要低所以还有增长的空间。
Government Debt is not too big when compared to standards set by many global institutions like IMF, World Bank, etc.
政府债务以多数国际组织,例如世行和IMF,设定得标准来看其实不高。
The only major concern which is of a serious magnitude is the corporate debt. This is also reiterated by many economists.
最主要的关注点就是公司债务了。许多经济学家都重申了这点无数次了。
Now the problem with China is that data that comes out of major Chinese institutions is murky so their are many different types of estimates by many different institutions but the common theme in it is corporate debt and its size.
中国最大的问题就是中国国内组织公布的数据来源不清晰所以不同的国际组织对中国经济的实际情况估算会不一样。但所有组织最关心的都是中国的公司债务与其规模。
Corporate debt consists of debt owned by state owned corporations and private corporations. Private corporations in China are generally crowded out by the state owned corporations because of connections and political agenda.
公司债务又分成了国企和私企的债务。中国私企大多数收到国企排挤,这是有政体造成的。
Many state owned corporations have invested into unproductive projects as a result of excess boost given by government after 2008 to prop up the economy. This has resulted in a huge amount of NPAs. So, in all the major problem is state owned corporations piling up huge amount of debt. To solve this problem, the government tried to convert the debt into shares which the bank owns and can recover money through profit dividends but this was one of the causes for last year's stock market crash.
在08年过度的经济刺激政策下,很多国企在许多无效益项目上投了许多钱。这造成了大量的无效能资产。所以,最大的问题是国企堆积了大量债务。为了解决这个问题,政府正在尝试将国企的债务转化为股份,那么银行就能将债务转化为红利而最终将债务收回了。但这造成了上年的股灾.....
Hence, it is a big crisis but not the one government cannot handle with so much trade surplus and forex reserves. But actions are definitely needed to stop it from growing into a bigger problem.
所以,这是一个危机但仍然是政府能控制的,毕竟中国政府有大量贸易顺差和外汇储备。但是仍然需要实际行动来防止事态的扩展。
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Day Trading Jobs With Proprietary Trading Firms

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Asian Equity Analyst (remote position) - TradeTheNews.com - Portland, OR

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Info for Newbies (good things to know if you have no idea)

At a glance this subreddit seems to be a random assortment of weird articles, ebooks, outdated patterns, and clueless noobie threads.
Let this be a little nugget for new guys that just want basic info on how to get started with stocks(not futures, options, or forex).
I'm an equity day trader that traded with a firm in Chicago, and now I trade remotely with a firm based out of Boston. I'm still in my first 6 months of real trading, I'm not godly, but I feel confident in what I've learned and my ability. I have small 3 figure days, and I figure I could at least share what I know.
'Day trading' usually means you buy/sell a stock and buy/sell it back within the same day for a short term gain, sometimes holding it for seconds, sometimes for hours, but generally you don't hold over night.
An over night hold can still be considered day trading, but it's getting into the realm of swing trading(which is holding for days or weeks at a time).
If you want to buy even 100 shares of a stock(1 lot), you'll need thousands of dollars, so traders have their money 'leveraged'. You can go to prop firm(proprietary trading firm) and give them say $2000, they'll 'leverage' your money, and let you use probably at least $50,000 of their money. Different firms have different ratios for leverage(50:1, 20:1, etc). Some firms don't allow you to start with less than 10k of your own capital, others can let you start with less. If you want to trade stocks and use the firm's money you need a series 56 license. To get the license you need to pass a 100 multiple choice series 56 exam.
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If you don't get accepted to be part of a trading program at a prop firm you can just approach a firm directly and ask for your money to be leveraged and an account to be opened for you. Usually there are a few months of paperwork, background checks, and registration that you'll have to do if you take this route. Don't be surprised to shell out a few hundred dollars just to get the process started. Don't be surprised if they take 5% of everything you make, on top of other fees on every trade, whether you make money or not. Also realize that this route will put your destiny in your hands, how you train, trade, improve and how much money you risk are completely up to you.
A 'platform' is a program you use to trade with, like LightSpeed, Takion, Fusion, ThinkorSwim, etc.
I did both routes, I was accepted by a firm, loved the experience, but didn't listen well, was stubborn in my ways and was cut. I then saved up my own capital and approached a prop firm by myself, studied, shelled out the cash, passed the exam, got my license, leveraged $2000 and started trading at home. Every month I pay a fee for the platform, the data I get on my platform, to have my account open, and any trades I make.
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Help me evaluate an offer from a forex prop trading firm

Hi /forex! This is my first time posting a thread on reddit so please be kind if I break any unwritten rules.
I recently received a job offer as a junior trader in a seemingly new forex prop trading firm in my country and would like opinions on whether this is a good deal. For benchmark, a fresh college graduate usually earn about $3000/month. The living expenses including rent is about $1600/month.
Edit: I forgot to mention that I would be personally liable for any loss beyond 20% of the capital.
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Lessons from the world of currency trading

Ever since college I have been fascinated by this mysterious world of currencies trading (also known as FOREX). The great attraction for me was obviously the money, the huge potential for profit, but also the exclusiveness of being a trader. I always thought that trading attracts a certain breed of people, where only the best of the best succeed. And, as I always thought of myself as being one of the best, I set myself an objective of becoming a successful trader.
You might ask why I chose to trade currencies. To be honest, I was lured in by the very low entry barriers ( at that point in time, it took close to $500 to open an account; now you can open a live account for as little as $50) and the huge potential to the upside, thanks to leverage. Next I embarked on a paid forex course that opened my eyes to the possibilities that were out there. I opened my first demo account, read my first charts and plotted my first indicators. A new world was taking shape and I was getting more and more attracted to it. But the final argument that convinced me was the fact the forex was the biggest and the most liquid market in the world, with over $5 trillion in daily volumes and the opportunities were all around, to the buy side and to the sell side.
It didn’t take long for me to join the ranks of rookie traders who are so eager to earn some money trading that they go in the markets unprepared and leave with their pockets empty. I’ve spent a couple months playing on a simulator, trying to participate in free contests, but eventually my patience ran out. I blew out a few real-money accounts while in college. Luckily for me, I did not lose too much money, but hey, I was a student and everything I saved went into my trading passion. So needless to say, that was all I had. First lesson to be learned from here: don’t invest money you do not afford to lose. While I believe the money I lost to be a fair tuition for learning the ropes in currency trading, I still could have done a lot better just by practicing more on my demo account.
Nevertheless, I was perseverant in trying to make it in trading. I did not let myself down by the losses I incurred, but I embraced them and got more motivated. After all, if you really want something, then you should do everything in your power to achieve it. When I managed to save some money again to invest in trading, I set my goal to not lose money. I realized by then that another important lesson is to be in the markets at all times. The best way to gain an edge in the market is to be a part of it at all times.
No matter how much I struggled to get my balance up, it seemed that I could not lift my account off the ground (remember I used to fund my account with only a couple hundred dollars and use leverage to trade). I could not offset all the small losses and commissions with my winning trades. Pressure was building up and mistakes took place more often. It took me a couple of years to understand that undercapitalization can “kill” you in the markets. Leverage is an incredible weapon for those who know how to use it, but in the hands of a rookie it is a ticking bomb. Small accounts with high leverage blow up incredibly fast, as rookie mistakes are being exacerbated by the effects of the leverage. Always make sure to have enough risk capital in your account. As it turned out, all my efforts to make it in the financial trading world did actually pay off, even though not as I first imagined it would. I eventually landed a job with a prop trading firm. Here is where things got really interesting and I have exponentially boosted my knowledge. I cannot stress enough how important it is to be among peers that have the same passion as you do, who are professional and have the competitive mindset that will push you to outperform yourself. Of course not everybody is lucky enough (or maybe don’t even want to) to land a trading job, but if you really want to make it in trading you should spend more time on trading forums. Share ideas, compare performances, get your motivation up. Seeing others do it and being successful at it will push you higher than you could imagine.
It all started out as a college hobby and it transformed itself into a career. I just gave it my time, dedication and perseverance. For all of those thinking about starting their journey in trading I say do it with an open heart. It is the most rewarding activity you could ever do. It gives you the freedom you always dreamed of. At least that’s what it felt like for me.
If you’re ready to open your own trading account, make sure you take the shortcut and use the advice given in these lines. Stay motivated, well capitalized, always in the markets, gain your edge and enjoy the ride. You will also need a trusted broker to partner with. Forex broker has great offers for new accounts that could definitely help you start off on the right foot. Just remember the basics and you’ll be fine!
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Getting a quantitative analyst job with unsuccessful prop trading experience.

After graduating from university I joined a prop trading firm where I was trading equity and bond futures. I was doing really well in the first 4-5 months, but then I started losing money and eventually quit the firm. I currently work in a different field. I will be applying for masters in Quantitative Finance/Financial Engineering next year (2017). Will my unsuccessful trading experience at prop trading firm impact my ability to get a quantitative analyst (quant trader) job at BB or hedge fund after graduation? If yes, what kind of career I can peruse to stay close to the markets?
I also want to add that I successfully traded FOREX for almost 4 years, generating more than 80% annual return for 3 consecutive years.
Thanks in advance.
submitted by trading678 to FinancialCareers [link] [comments]

I'm looking for a news app, something that will send me central bank releases, and other important releases and buzz my phone until I check it

At the moment I love forex live, the central bank section to be more exact, and some of the stuff on the main page, like Greece issues and other important things. Most of the other stuff are data points which have a planned release, so I ignore 90% of the content posted there, but super mad props for the amazing job the Live Forex team does for free.
I downloaded twitter and managed to check them out, and it's not what I expected, and there are like 1000 posts daily with random things too, not just news, it's not the same content like the website.
So, here I am, asking the older fundamental traders, how the hell you manage to get your news? Right now I just check the website from time to time If I'm not at home, and when at home I have a dedicated screen just for forex live. I'm looking for something that I can give permission to ring my phone even on sleep mode in case of certain news, like surprise central bank comments.
Thanks in advance and have a wonderful trading day.
submitted by anti_erection_man to Forex [link] [comments]

USD/CHF Weekly Outlook, (after a massively successful trendline bounce)

Last week I posted a potential trendline bounce setup on USD/CHF. You could say it worked out rather well.
It took a couple of days to hit my target of 0.94, but I'm actually still in this trade, sort of. I've taken most off my position, and then added again when we returned to 0.952 briefly. Having said that, I was probably caught up in the heat of the moment, and 0.95 would have been a better re-entry point.
There's also a case for the bears here, so let's look at the set ups for USD/CHF.
8Hr Chart:
http://i.imgur.com/bZCNoTM.png
That last 8Hr candle is a bull's worst nightmare, so why am I still in this trade? The break of the wedge is encouraging, sure, but the larger wedge top has halted advances for now. We could easily see 0.9500 or even 0.9420/00 early in the week if the dollar rally loses steam. But here's why it might not. That means it's time to...
Talk About Fundamentals!
Why did the US Dollar rally so much? There are a lot of ideas floating around. It wasn't broad-based risk aversion, although it looked like it if you were watching the Aussie and the Pound. What most likely caused it was the search for yield, as investors lost confidence in Japanese government bonds, and the US economy started to look even healthier. Good jobs numbers mean a chance of tapering QE sooner than expected, which is one of the only things propping up the riskier assets.
Stocks didn't follow through, which leaves me suspicious. The Yen crosses were actually up (although in a much more muted fashion than USD/JPY). But the most telling sign comes from EUUSD.
I'm gonna get a little ahead of myself here and take a page from Jamie Saettele's book (DailyFX). EUUSD and USD/CHF have always been highly negatively correlated. That correlation breaks down sometimes, but it's usually there. When we have highly correlated assets, we can look to the correlated asset for confirmation of a big move in the first asset. A good example is gold and silver. If gold makes a new high but silver does not confirm that new high with its own, then chances are the next move in gold is down.
So if we get a night high in USD/CHF, we're looking for a new low in EUUSD. And we got it.
Price went briefly down to 1.2950. Here's the 8hr chart of EUUSD showing USD/CHF in white:
http://i.imgur.com/Xmcn3Bq.png
So the next move for both of these, in the medium term, is probably a continuation of Friday's moves. However, as you can see EUUSD looks to be bouncing off its trendline, and USD/CHF failed to break close above the larger wedge top. This leaves some doubt as to this week's likely moves.
USD/CHF Trade Set Ups
There's a case for both bulls and bears. If you believe that this dollar move was impulsive and likely to retrace, there are sell signals aplenty. Trade would be simple:
Sell at market, with a stop above 0.963, targeting 0.945 initially (former wedge top which could act as interim support) and then 0.9300 (ascending wedge bottom).
However, I believe that what is happening is something of a paradigm shift, as investors finally start to click that their best chance of reliable yield is in US Treasuries. I would like to see the move confirmed by a EUUSD trendline break, and a similar move from the S&P500. If we do get that, expect the larger wedge to break, and for this pair to enjoy a lot more upside.
I am currently long from 0.9271. I took a third off at 0.94, another third off at 0.9550, my final target is open, and I am so fucking smug right now. I added at 0.9520, and will add a final third (bringing me back to the original position size) if we see the 0.9500/0.9460 area again. I intend to hold this trade until I am stopped out, either by a full retracement, or because my trailing stop was hit. I will trail the stop manually whenever new lows are formed.
This means I will be trailed out by the creation of a lower low - an indication that party time is over.
Happy trading!
submitted by NormanConquest to Forex [link] [comments]

[Table] IAmA: We Are the Hosts of the Let's Talk Bitcoin! Show! We just spent 4 days at Bitcoin2013, Ask Us Anything!

Verified? (This bot cannot verify AMAs just yet)
Date: 2013-05-24
Link to submission (Has self-text)
Link to my post
Questions Answers
Hi all! I was wondering, what do you think it would take to get bitcoin from a niche currency used mainly by internet denizens to go mainstraim? I know the slow creep of more small companies accepting bitcoin helps, but what do you think that final cusp will be, and will it ever come to that? Thanks for taking the time to do this! There are several potential tipping points, but my favorite one is a large corporation accepting Bitcoin.
Amazon has an incredibly small operating margin, less than 1% - They have more than that in transaction costs, so if they were to accept Bitcoins for product and offer Bitcoins as payment to their affiliates it would cause a rush of other companies to jump onboard for the same reasons.
Once that happens with one large company, it sets a precedent. Doing something new is scary, and when the regulatory environment is uncertain like it is with Bitcoin the choice to accept could potentially cost you a lot of money later if it's retroactively made not OK and the value of the currency plummets.
But once a company like Amazon or Google jumps in, they have enough political swing and momentum that attacking Bitcoin becomes attacking them, and they'll fight that tooth and nail if it's saving them money.
Another example of a tipping point would be a country, ANY country, adopting it as their formal currency OR issuing a new currency with Bitcoins as the transparent backing of it. With bitcoin you can have a functional gold standard, because the gold doesn't need to be hidden from sight.
It is the hiding that makes gold standards dangerous - The people who issue currency with the gold as backing have no reason to issue the correct amount when only they know how much is out there, and how much gold they have.
I guess the Supreme Court has decided this does not apply to taxes, which is crap. Or are you talking about other countries? Thank you :) I actually mean something along the lines of "It is illegal to trade dollars for any cryptocurrency that does not have a real name and social security associated with it"
Will bitcoins ever be able to be traded like other recognized currencies in similar ways to Forex? More specifically, will there ever be retail brokers offering margin trading accounts that allow you to buy and sell bitcoin with leverage? There are already really small niche sites you can trade Bitcoin at leverage with, but it's just a bad idea. With a "normal" commodity market, like say chickens, if you think chickens are undervalued and want to profit from them you can buy forward production of say, a million chickens. Then when the option comes due, if you're on the profitable side of the trade you can essentially sell it for cash and the chickens never need to be delivered. In that way, it almost doesn't matter if the chickens ever existed to begin with because you never intended to take posession. With Bitcoin, it's different - Converting a bitcoin options contract into US dollars, yen, whatever actually is more expensive and time consuming than just "accepting delivery" of the bitcoins themselves. You can still sell them for whatever currency you want, but it is at the time of your choosing rather than at the point of settlement. What that means is that if you sell an option and the Bitcoins don't really exist, you could be screwed. You either default or buy them at market price which can be very painful given how volatile the pricing is right now. It is a bad idea to play with leverage in Bitcoin because if you lose, you potentially lose very big. Additionally, it's bad to buy an option because you introduce the possibility of the counterparty (supply) not being able to deliver, whereas if you just bought Bitcoins you have the Bitcoins.
Do you believe bitcoin is important locally as well as on the internet? If so, how are you promoting bitcoin in your local communities? Cryptocurrencies (of which Bitcoin is the most prominent) are the first real competition to the types of money we've used all our lives. With Dollars, Yen, Whatever - Ultimately there are a handful of people who get to decide how and why the currency should be managed.
If they did a good job, it might be fine - But the reality is the decision made affecting all users of the currency are to the benefit of a very few , at the cost of the many.
Bitcoin is different - The rules that govern it, are the rules that govern it. Nobody can break them, and if they're ever broken it's because more than 51% of the distributed power in the system (anyone can buy a mining rig and join this group). For me, that's incredibly important. Rules should apply evenly to everyone because otherwise they're not rules at all.
Local communities can benefit because it removes payment processors from merchant relationships, removes chargeback risk, and basically acts like Cash on the internet.
What are some of the more exciting things you (each of you?) envision for Bitcoin in the short to medium term? Discounts :) We've been talking about the deflationary business model, and during this period where the value is going to go up pretty fast (over the next several years) as adoption ramps up, businesses are going to be giving major discounts to those who choose to spend them.
From the merchants perspective, this is actually a huge win - They get to have lower prices than their US Dollar (or local currency) competitors, and the value of the Bitcoins they receive goes up over time instead of going down with printed currencies. Once this becomes pervasive in the Bitcoin economy, it will mean that even at those discounted prices they are STILL profitable because their suppliers are also offering them discounts to pay in Bitcoin.
Right now we're at the beginning of this cycle, you can see BitcoinStore.com is attempting it (Disclosure - They have sponsored us in the past, we run a 30s advertisement for them per show) but it's hard to be the first one doing it because it looks like you're sacrificing yourself when really it's just the model that makes the most sense.
Not to be the doom and gloom person but in the future what do you think will/would be the "last nail in the coffin" for Bitcoin? It depends what you mean by "last nail in the coffin"
How did you meet/find Andreas and Stephanie and how did you persuade them to be part of your show? I put out a call for staff several months ago, Andreas found me through that and joined the team initially as a correspondent providing expertise and commentary while Mt.Gox was having a lot of problems. Once we re-started the show as a twice-weekly, he graciously offered to join the hosting staff and gladly took him up on it.
I found Stephanie through her show Porc therapy, and a listener named Justus - He mentioned she did voicework, and I hired her to do some of our early introductions and advertising spots. When we went through the re-organization I offered her an occasional hosting role, and never bothered finding other hosts because I was so happy with our dynamic and varied viewpoints.
Both of the other hosts on the show are real professionals, and it's been my distinct pleasure to work with them.
Thanks for responding! Andreas is my fave (though I enjoy yours and Stephanie's comments too). Everybody has their favorite :) I think the fact that we all have people disagreeing with us at times means we're doing the job, and providing multiple and varied perspectives.
What recording tools are you using? We started off using Skype, Virtual Audio Cables (VAC) and Adobe Audition (creative suite)
Now we use Mumble instead of Skype, but the rest is the same.
I edit the host segments for content (sometimes we go on and on and on) and I edit the interviews for presentation, rarely removing any content. Many times the skillset that enables you to have a really smart idea is not the same skillset that lets you present that idea, perfectly, the first time. Our interview subjects tell me all the time "I love how smart I sound" and I get to say "You are smart, I just removed the brain processing noises"
Assuming bitcoin reaches critical mass, how does bitcoin cope with the criticism of rewarding early adopters? Do you see a potential uproar about inequity? Is there outrage against people who bought Apple stock at $30? Bitcoin is a currency that right now, and for the next few years, acting like an IPO. People who got in early got in cheap, but there was a whole lot of risk because people weren't using it much, there wern't vendors accepting it, so the use case is much more speculative.
We're very much still in the early adoption phase right now - Less than %.01 of internet users are Bitcoin users, as that number grows while the number of coins being added to the total pool grows at a much slower rate, the price per coin has to go up. If Bitcoin fails and everybody abandons it, this works the opposite way - but it actually solves a number of problems (microtransactions, fees, international money transfers, automated payment systems) so I'm not super concerned about that.
One of my favorite quotes, by Douglas Adams.
>It is a rare mind indeed that can render the hitherto non-existent >blindingly obvious. The cry 'I could have thought of that' is a very >popular and misleading one, for the fact is that they didn't, and a very >significant and revealing fact it is too.
What do you make of the download trend of the bitcoin client software in China? Isn't this a big story? China has lots of restrictive controls on their local currency, so Bitcoin has a real use case there. This is one of many scenarios where given even 1% adoption, the price must go very much above where it is now.
You commented on a recent episode about how Satochi Dice was going to block US traffic to the site due to uncertain regulations. Can't bitcoin work around that? If you send bitcoin to the addresses of the various bets - it still works right? Thanks for your show - I await each new podcast. Yes, if you already have the specific betting addresses it doesn't matter where you are in the world. It is only the website that does not allow US IPs, they did this to be very clear they were trying to respect the US gambling laws.
I spoke with Erik Voorhees about this among other things at the conference, you can find that interview here Link to letstalkbitcoin.com
I'd like to thank all three of you for doing this podcast, it's always thought provoking and fun to listen to. Plus, Stephanie does have a very sexy voice... But I do have a question, Right now, I don't know the answer to that question.
How do miners determine which transactions will be confirmed first and which get put to the back of the line? Shouldn't they be confirmed in a 'first come, first serve' basis? But the development team has made it clear they're moving towards a market-based mechanism where Miners set the minimum transaction fee they will accept, and process on a first-come/highest-fee model. People who want their transaction to process fast will put a higher fee and it will be prioritized, while people who don't care about delivery time will be able to send no fee and be subsidized by those paying higher fees.
*edit: As well, do you still plan on using some time on the show to go into more detail about mining? I think it was mentioned a few weeks ago that the topic might be explored in further detail. There will be fewer miners who accept free or very low fee transactions, so there you go.
How would Bitcoin change our financial system as we know it? In the same way the automobile changed the horse-and-buggy system as they knew it. If you play out the logic, one functionally obsoletes the other. I was talking with a financial reporter the other day who has been coming around to bitcoin, and he said to me "You know, if they were building the banking system from scratch today I think this is pretty close to what it would look like"
Andreas answered a question below about bitcoin and self driving cars, fixing spam on the internet by using Bitcoin addresses with tiny amounts of BTC in them to prove you're a real person and not a single-use bot, there are so many crazy and impossible things that become actually probable when you're talking in the context of a world built on decentralized, rules-based, cryptographically secured, instantly transmittable, person to person internet cash.
I have never been so hopeful for our future as I am now that I've thrown my days into bitcoin. Bitcoin 2013 was a fine conference and a wonderful experiance, so many very smart people have quit their jobs or left their studies to do the same thing I have.
We know we're building the future, and it's a better one than we have today.
Have any of you heard about how in Africa much of the exchange in value is done with mobile phone minutes? It seems to me - whatever the US attempts to do with Bitcoin - there will be other places that it will bubble up in. What about Argentina and other places where they actually understand what damage a desperate government can do to a currency? I would agree with you. Until recently it's been impossible to use Bitcoins on a "dumb cell phone" - That changed recently with Link to phoneacoin.com and others.
Bitcoin solves problems that the world has had for decades, it takes the power to destroy the currency away from government so they cannot do it no matter how much they want to, or how desperately they think they need to.
No government wants to destroy a currency, they just don't want to acknowledge they've trapped themselves with debt and have no way out.
Who invented Bitcoin? What is to stop whoever did so initially issuing themselves the equivalent of $79 zillion in Bitcoin currency prior to it taking off? Is there commission charged on each transaction that occurs? If so, how much, and who receives this? The true creator is not known, he went by a false name "Satoshi".
He actually holds about 250,000 coins if I recall correctly because he was the first miner. Bitcoin is a protocol, a set of rules. It's open source, and anyone who wants to look at it can see that there is not a mechanism to just create more coins by typing in a magic word. There are no commissions, although there are fees that go to the miners who process and verify transactions.
Great podcast, can't wait for the next one! It depends on the mesh. If the mesh was never connected to the internet, it would be a parralel Bitcoin network able to transact with itself but if it was ever connected to the larger network any conflicting transactions would be "lost" as the two ledgers (the big one, and the disconnected one) try to reckon their differences. Only one winner, so that means there is a loser.
You discussed mesh networks in 3rd world countries and how bitcoin could be used in such a scenario. If the [mesh] network is disconnected from the internet, how would transactions on the blockchain be verified? Couldn't the time the mesh network was disconnected make it vulnerable to hacking the [mesh network's] blockchain? More interesting might be disconnected communities running their own fork or version of Bitcoin, that way if they're ever connected it can be an exchange process (trading their coins for "bitcoins" rather than a reckoning (Seeing who has a bigger network and canceling out transactions on the smaller one that conflict)
1) The price for one Bitcoin seems to fluctuate quite a bit. The most successful currencies remain relatively stable over time (e.g. the Dollar). Will Bitcoin ever need to reach a certain level of stability to be a successful unit of trade? and if so, what do you think needs to happen before then? 1 - Yes! Once everyone who has purchased Bitcoin has purchased them, the price will stabilize. In practice this will start happening long before absolute stability, and as soon as people start thinking about prices in terms of BTC instead of their local currency it almost doesn't matter.
2) If Bitcoin ever becomes a widely accepted form of payment (seems a lot of businesses already accept it), how do you think the US government will proceed/react/regulate/etc. considering that technically only the feds can issue currency? 2 - "The Feds" are not the only ones who can issue currency - They have legal tender laws which mean people MUST accept their money, but nothing prevents you from circulating a voluntary currency like Bitcoin.
Do you foresee companies like paypal incorporating bitcoin into their businesses in the future as a more credible exchange than these ones that are currently running? No. Paypal again is the proverbial horse-drawn-buggy manufacturer- Sure they might go to the worlds faire and while observing the new fangled automobiles say to themselves 'we might integrate this into our existing machines!' when the fact is that it obsoletes those existing machines.
Paypal makes their money by standing in the middle of transactions collecting fees, Bitcoin serves its function by connecting people who want to do commerce directly to one-another, and what fees are paid are a tiny fraction of what Paypal does. If paypal accepted Bitcoin, it would not be Bitcoin any more because they would have mechanisms to freeze accounts at the very least to mitigate risk. That is not possible with Bitcoin by itself.
Thanks for the well thought out response, I genuinely appreciated that you took the time for this! I do have a follow up question, how does one get bit coin in an easy way? Lets say I have 300$ that I want in bit coin.. whats the best way to approach this? Probably a company like bitinstant.com, bitstamp.com, or btcquick.com - For larger amounts they don't make too much sense but at that level its your best bet.
Not to be rude, but how do you expect for a currency without a standard like gold silver etc. to not crash down in a blaze of glory? What standard is your currency backed by?
Hi There. I was at the San Jose convention hall last weekend attending Big Wow Comicfest and that's where I saw Bitcoin2013! Mostly Bitcoin 2013 was an opportunity for people building the future of Bitcoin to meet each other and network. There were speakers talking about a wide variety of issues, and vendors of Bitcoin services who were showing their latest innovations and systems.
What information was presented at this event that couldn't be done justice disseminated over the internet? The information will eventually be online, but the probably 200 people I got to meet in real life will not (in real life)
What resources do you think I should review as a total newbie to bitcoin? Or if possible, what's the one sentence pitch to get a newb involved? For people brand new, www.weusecoins.com is a good place to start For people who want to learn how it works, www.letstalkbitcoin.com/learn will direct you to the Bitcoin Education Project, which is a series of free and very high quality lectures that will tell you everything you ever wanted to know and more about Bitcoin, How it works, and all the little sub-topics that you'll eventually want to learn about.
The pitch is "It's like cash that lives on the internet, and is as easy to spend on the internet as buying a candybar in a store with a dollar"
Would any of you hazard a guess at the bitcoin exchange rate at the end of 2013? Sure, i'll make a wild guess.
$1000.
If and when a large user comes onboard, I think thats the next price at which we'll bounce around for a while, just like 100 became the sticky point after the last major bout of adoption.
How do bitcoins relate to the law? For example, what would be the crime if somone hacked your account and stole your bitcoins? It's not exactly theft of money, or is it? Bitcoins are your property, it's illegal for someone to steal your property whether it is money or not. Right now there is little that can be done about theft, but eventually I expect a class of "Blockchain Forensic Investigators" to emerge who will track down your stolen coins for a % based fee.
On your last show you mentioned the diversity of the Bitcoiners who attended BitCoin2013 - which nation was most represented in your opinion? Were there any Chinese nationals present (we've heard that they've suddenly gotten the bitcoin bug in the last month)? Did the other nations talk about regulatory problems or is that just a US concern? I met the gentleman from BTC-China, but other than that I actually didn't see any obvious chinese nationals. We saw lots of eastern europeans and south americans.
Other nations are not talking about the regulatory issue as far as I can tell, it seems like everyone is waiting to see what the US does, which is not abnormal in a very new situation like this.
Isn't having an inherently deflationary currency a terrible idea? How is bitcoin different from geeky goldbuggery? Because you can't divide a gold coin into .0001 without incurring cost and expense. That's not the case with Bitcoin, so the deflationary aspect of it is largely moot.
There is a tendency to listen to modern "economics" which makes this arguement, saying that the money supply must expand because otherwise it drives down profitability in a race to the bottom.
I think in practice we'll find that people don't work against their own best interest, and while during the initial adoptions stages of Bitcoin there will be significant discounts offered to those who pay with Bitcoin vs. legacy currency, once the market becomes saturated and the price levels out those discounts will be scaled way back.
Right now it makes sense to heavily discount, because the expectation is that the value of the Bitcoins will go up during this period of adoption, that won't always be true and the discount is a reflection of anticipated future returns.
Was it bad when people saved money in banks that paid 10% interest? No, that's called capital formation. There is a thought that given a deflationary currency nobody will spend any money, that's nonsense. Just because your currency gains value over time doesn't mean that you no longer have costs that must be paid for. What Deflationary currencies do is say "Ok, you could spend it on that, but is it worth it relative to what you'll gain by not?"
That's a good thing. Our system right now works on the opposite theory - Spend money NOW because if you're dumb enough to keep it in the bank it will actually lose value over time between the couple points of "official" inflation and less than 1% artifical interest rates. The situation is like this now because the fed is trying to make people spend as much money as possible with the hope that the flows will "restart the economic engine"
Too bad this isn't how things work, not that it'll stop us from trying it over and over again.
In the 2008 financial crash, govts bailed out the banks because there was no other way to maintain the whole financial ecosystems of payrolls, invoices and trade, all of which go through the banking system. Honestly? No. Bitcoin would be great in this role, but governments around the world rely on their ability to expand the money supply (print money, or sell debt) in order to fund their deficits. They also manipulate interest rates to be low so that debt is very inexpensive.
Can you envisage another financial crash in the future where govt says, "We don't need to do a bailout, as we've got this alternative payment system" and then instructs businesses and employees to just get themselves a bitcoin address and work through the Bitcoin system? Bitcoin doesn't have a central control mechanism, so there is no group or person who can say "OK - the interest rate is 1%" - If that's really what the interest rate wants to be based on market forces, it'll be that - But if not, there isn't much anyone can do to stop it.
What type of notes and agenda does the team coordinate on before a show? We use Basecamp, and it really depends. Right now we have a show prep thread that has 30+ posts in it for episode 11, we'll probably use 5 of those.
The agenda is really basic - As we get near recording time topics are selected (generally by me, but I like to get the other hosts to do it since they provide most of the commentary in Host segments) and I form a schedule, then we run through the recording session hitting each topic.
Over the last weeks we've brought two researchers onto the team, so that has helped a TON.
I first learned about Bitcoins on an episode of The Good Wife. The one with Jason Biggs as the creator of BitCoin. Have you watched that episode and how accurate does that episode portray what's happening with Bitcoin in terms of legal stuff? Not having seen it but knowing TV, I'm gonna go out on a limb and say "not very well" Satoshi has not been identified, was a throw-away identity that was cryptographically secured, so probably never will.
Are there any conferences in Chicago anytime soon? I think a Q&A in public would be helpful for your show as well as bitcoin. I'll be speaking at an event in NYC on July 30, there will be one or two meetups while I'm there. There is also an event in October in Atlanta. I remember talking with a guy at Bitcoin2013 wearing a shirt that said "BitcoinChicago" so I'd suggest looking for a user-group.
We're planning on doing Q&As often, but none of us are really near Chicago so it's tough. Happy to do virtual Q&As over skype, live or recorded.
Oh dear. You're not all perfectly grammatical orators on the first try? I'm crushed! I really value my own time, and I know other people out there do too. I try to make the show as information dense as possible, thats the criteria we've been operating under from really day one.
We're actually talking about cutting the show in half and releasing it more often (still recording the same amount) because people can get tired of listening to such dense content for an hour or more.
US Treasury recently issued a directive stating they would be monitoring any entity attempting to exchange virtual currency for USD (or any other currency, goods, or services), indicating that federal authorities take a dim view of what amounts to private coinage. Do you anticipate a Supreme Court case here defining what is and is not private coinage? 2.And given bitcoin's noted extra-legal uses, do you have any indication it is being decrypted by NSA? 3.Taking it a step further, do you think it could be a national security-sponsored international sieve for money laundering? It may eventually go to Supreme Court.
I think the market has done fine for bitcoin so far. I think the market will continue to take care of bitcoin. The idea of giving in willingly to regulation makes me cringe. There are two camps. Some people think that regulation is inevitable, and since it's going to happen anyways it's better to participate in the process and try to make it less bad. The other side thinks that by participating, you accept their authority to regulate it when really they have no right to regulate money and have proven to do a very bad job at it now for quite a number of years.
Thanks so much for doing this, I love the Bitcoin system, but hate the volatility. How do you recommend dealing with that? I've heard to convert it quickly to the currency of choice after any exchange has been made to avoid any more changes to the price. The easy solution is just buy and hold - If you need to buy something, do it when you need to and not before. Do not pre-order anything.
What is your prediction of the price for 1 btc in USD, exactly one year from now? Just for fun, since I know it is impossible to even guess the day to day price swings. As a wild guess number I'd say $1000 or less than a dollar. Very little middleground because if it's regulated out of existence it will still exist, but be hard to find and cheap - If adoption continues to path the price should accelerate with wild spikes up and down.
My partner is buying into bitcoin as well as litecoin. Any advice for him? (I personally don't understand it) Don't panic, invest for the long term, and don't buy any more than you can afford to lose 100% of because there are still things that could dramatically reduce the price of bitcoin (mostly regulatory stuff, I answered this elsewhere in the thread)
Hello, I just wrote a long post about the functions of using BTC to facilitate a 'free bank' using the principals of free money, similar to the WIR bank. Link to en.wikipedia.org Do you think that something like this would be possible using Bitcoin? Probably. Not really my area of expertise.
Why did bits take a dive at the same time gold took a tank? I don't pay attention to price, sorry.
We take full credit for any rise and blame others for any decline. Feel free to tip us from your gains! Lol.
Just wanted to say I love your show. I encourage you to please continue making high-quality podcast episodes. Thank you. I'm really excited to be able to be a journalist in such an exciting field in a time when journalism is under attack. Not sure if you've been following the so-called "AP scandal" but now is a weird time to be trying to report the truth in this world, and we couldn't have picked a more controversial topic to the global macro picture.
Bitcoins are the stupidest investment anyone could ever make. Pass. Link to static.quickmeme.com
Unfortunately, quickmeme doesn't let you copy image urls directly. Link to i.qkme.me
Yes, but they started being worth a set value. bitcoin was never backed by anything so its value was kind of made up. how do you expect to make a non goverment currency anybody with a computer can print to retain value? Because the pie is only so large, the more people who have computers devoted to the work just each get a smaller and smaller piece.
The rate of issuance for Bitcoin is currently 25 bitcoins every 10 minutes. Only one person or pool gets the whole 25 bitcoins, it's a race to find them. If there are 10 people looking, chances are pretty good you'll find some. If there are 100,000,000 people looking, chances are much less good that you'll find them first, but if there are that many people looking those 25 coins are probably worth a whole lot more.
The system is self balancing in this way, unlike the government currency system where they create 65 billion USD worth of new value every month to buy mortgage backed securities for face value to try and prop up the market. With more than a trillion USD being added in this way each year, how can a government currency retain its value?
Because the governments "pie" does infact have limits to making it, and only dropped gold standard after over 150 years of the doller having a defined worth, unlike bitcoin, where a random hacker can just print endless money. I'd direct you to security researcher Dan Kaminsky. Link to www.businessinsider.com
You'll find it's a little harder than you're describing. Like, impossible.
Last updated: 2013-05-29 11:06 UTC
This post was generated by a robot! Send all complaints to epsy.
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Can someone analyse my political views? r/politics and r/worldpolitics ignore me

I have taken this test to show my views better than I can explain myself unquestioned. Please ask more questions.
If you're interested, ask me some questions for more information to allow you to analyse this better. I've had to split this due to character limits. Please find the last part in the comments.
PAGE 1 - My View on the World.
PAGE 2 - Economics *
PAGE 3 - Personal Social Values
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