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Proof that the No Hedging rule is designed to make retail traders lose money.

In the first run, the strategy would only close the trades of the buy side when the profit target was hit or the max loss was hit. It did the same for the sell side.

In the second run, when the market gave mixed signals, the buy trades were closed immediately whenever it seemed like it was time to sell, and the sell trades were closed immediately when it appeared that it was time to buy.

The difference is apparent in the long term expectancy of trading with and without hedging enabled. With hedging enabled the account tripled over 5 years. With hedging disabled the account didn't even double.

Being able to go long and short on the forex market is an advantage that brokers and other traders around the world have, but a U.S. retail trader does not. This puts us at a severe disadvantage to the rest of the market and basically guarantees that we will be giving our money to everyone else.

The same thing can be said for FIFO rules.

What other market forces you to sell your oldest inventory first? Food? Is an FX trade posing a health risk due to spoilage? What purpose is there to forcing a trader to close a position at an inopportune time, other than to simply separate him from his money? Would you imagine a world where you purchase two cars, first a classic porche, second a dumpy grocery getter just to get you around for a bit. Then, when you want to sell them there's a rule that you have to sell the porche before you sell the grocery getter? Sounds shady to me... What if I want to hang on to the porche because it still has value to me, meanwhile I don't need the gas guzzling grocery getter because I bought a scooter or whatever...

Between FIFO and No Hedging, you're going to be forced to trade more often than necessary. Basically the laws force you to churn your account as quickly as possible, and handicap you from executing profitable strategies. Why would these rules be put into place as "protections" for the trader when it is so blatantly obvious that they only harm the trader? It's really fishy, and I'm wondering if it's this "self regulated" regulatory agency making up rules that harm traders and only benefit brokers. I mean, isn't the self regulated regulator comprised of brokers who have paid the government to be members, then come up with these "protections"?

Scam. Blatant Scam.

Next on my list, proof of wide scale market manipulation. Stay tuned.

Run your own tests if you want, my framework and programs are open source and available at https://github.com/matthewkastor/metatrader

#fx #forex #mt4 #metatrader #openSourceSoftware #github #scam #noHedging #fifo
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Bank of Thailand (BOT) Governor, Mr. Veerathai Santiprabhob defends cryptocurrency, clarifying that scams are not just happening because of cryptocurrency trading but it is a general misuse of money. He pointed out that, as far as he understands, the problems were not dependant on using cryptocurrencies. He said fraudsters are simply using the blockchain technology as a medium to carry on their scams, just like any other financial medium.

#Bank #Bitcoin #BTC #Crypto #Currency #Fraud #Scam #SEC #Thai #Thailand

https://bloqwire.com/scams-are-not-happening-because-of-cryptocurrency-thailands-central-bank/
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#Android’s #GooglePlay Store has recently become a spot for hosting another reported Ethereum (ETH) scam application, #TheNextWeb reports August 21.

Lukas Stefanko, a #malware researcher from #Slovakia, found a fraudulent “Ethereum” application on #Google Play that had been allegedly offered for purchase at price of €335 or around $388, according to The Next Web.

#cryptocurrency #bitcoin #blockchain #crypto #btc #ico #ethereum #trading #eth #market #news #airdrop #ltc #xrp #mining #usd #ripple #altcoin #litecoin #monero #coin #xlm #cryptocurrencymarket #Scam
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#Ethereum (ETH) is currently the most popular #cryptocurrency with #phishers. The popularity of Ethereum with #cybercriminals increases as more funds are attracted by ICOs on the Ethereum platform. If you are a victim of a #crypto #scam contact www.mychargeback.com to determine if you can get your money back.
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Our Founder Tracy Peart of #DatingSafe spoke with Debby Montgomery. She is warning others what to watch for. She is speaking at the #scars conference now helping others.

#romance #scam #fraud #ksl #onlinedating #catfish #thefightback
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