"THE MARKET... consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Alexander Elder

Saturday, April 25, 2009

Forex Factory Thread

"In the coming days of anticipated reform, what can we expect? It is possible that we are entering a phase, as market participants, where everyone loses."

see: MT4 Brokers' Virtual Dealer Plug-In

Monday, April 20, 2009

Sunday, April 12, 2009

CNBC gets Spanked

Jon Stewart vs Jim Cramer: "It's not a fcking game...,
you guys knew it was going on."


Canadian viewers, see: "Spanked, eh?"
see also: Roubini vs Cramer
see also: In defence of Cramer & CNBC

Wednesday, April 8, 2009

Wednesday, April 1, 2009

Ethical Markets

New Trends to View
see: Ethical Markets TV

Monk of the Month

Your comments,
tips and prognostications.

(Click on image to discover parable)
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What is a Bucket Shop?

"Bucket Shop is a specifically defined term under the criminal law of many states in the United States which make it a crime to operate a bucket shop. [2] Typically the criminal law definition refers to an operation in which the customer is sold what is supposed to be a derivative interest in a security or commodity future, but there is no transaction made on any exchange. The transaction goes 'in the bucket' and is never executed. Without an actual underlying transaction, the customer is betting against the bucket shop operator, not participating in the market."
see: Wikipedia

The SEC believes that "internalization" is somehow different, and this affects ALL of your online trading, no matter what you are trading. Trades that are executed outside of the exchange, never reaching the main market, effectively hide data from technical analysis, and skew pricing.
see: Not a bucket?

"... internalization hurts retail customers and market quality"

see: EconPapers

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