[quote=Noor][quote=TraderPierre]How's that, 'thanks for the links'? No problem
No problem Noor, I know you have to live with these guys after I'm gone. They're great traders, the best, and really nice people as well, and so polite, I love them too
You say
'back to central bank intervention' but that was the subject I was posting about in response to some misguided nonsense that was posted. I wasn't posting anything about making trading calls which to me seem a bit pointless to be honest unless they're accompanied by something educational or there's a big pot of gold for the winner! Like I say, I trade tic charts with volume on a time frame of seconds, I'm really not interested in what happens after that. Ok, let's assume for a minute I couldn't trade my way out of a wet paper bag, who knows maybe I couldn't, but what difference would that make to whether my posts about intervention made sense or not? You see what I'm saying? If someone reads it and it makes sense to them then fine, if not then that's fine also, it doesn't matter either way to me. My trading ability would only be of any importance if I was telling someone that the way they were trading was wrong and that my way was better, or if I was selling a signal service or fund managing scheme, then my track record or trading prowess would be important obviously. I know trading can be a solitary business and sometimes people feel the need to shout from the rooftops how well they trade, that's fine, it's just not my thing.
This is typical of trading forums though, someone pops up to correct nonsense that someone else has posted and instead of reasoned debate the response is either 'post live calls blah blah' or they're on the receiving end of immature personal insults. Nothing new and it's not unique to Moneytec unfortunately, it happens on every public trading forum.
Anyway, getting back to your question
"I heard that it is possible for a small trader to collapse his country's Economy by entering the exact positions at the exact time, Not sure were I got that from... But is that true?" . The short answer would have to be no, it's not possible. In thin market conditions ie no volume it's possible for relatively small amounts to move the market a few pips which is why you often see manipulation during the Asian session, but to seriously devalue a country's currency you would be talking Soros tactics. It might be easier I suppose if the country was somewhere like Vatican City but then you'd face the wrath of God if you brought down the Vatican Lira if there is still such a thing
Anyway I think I'll leave you guys to it, I've popped up and made the points I wanted to make so I'll just pop back down again!
As always, good trading all
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