Wednesday, December 2, 2009

The beggining of a new era ?

It is famously known that money is a good servant but a bad master. In our ever growing society, money is what you need. In our democracies, where government become organizing entities, where the leader is not one but many, young people lose the north. Who to believe? Who to follow? Who is right ? Who is wrong? who is trying to enroll me in wrong stories? who is really working for a better world? who is not himself mislead? Those are hard questions with actually no right answer. Therefor each one of us has to become his or her own source of judgement. But this mean then that freedom and self-esteem linked to a natural will of doing good is strongly linked to each one's capacity to act following his or her own judgment. And there the money enter in the game. Money become the mean to do good. It becomes the mean that allows each one of us to follow his or her own path. At this point people become led by money the bad master.

I wonder what will happen next, don't you?

Sunday, November 29, 2009

Who really makes money on the Forex ?

You may have asked yourself, who the hell makes money on the Forex?

There are millions of people trying to give advices, and thousands of companies offering you the lowest commission fees if you trade with them. You will find thousands of books explaining different strategies on how to manage risk or how much you should invest in each trade.

The answer is quite simple. You can't make money on the Forex. You may find strategies working for a while, then another, then the probability that you end losing money is around 99,99%. Not because you will make a mistake but because YOU CANNOT PREDICT THE FUTURE! Meaning YOU CANNOT CALCULATE THE RISK YOU ARE TAKING WHEN INVESTING.

You can however calculate the PROBABILITY of risk you are taking. But if you want this risk probability to be truly efficient, YOU NEED INFINITE MONEY DURING AN INFINITE TIME PERIOD !!!

Then going back to the question, who makes money ont the forex?
The answer is: YOUR BROKER! And all the people writing book, blogging about it, selling financial letter containing advices.
The belief that your money can work for you is wrong. It will first work for those to whom you gave it and then, if they got a winning lottery ticket, it will work for you. Remember, It doesn't matter how much math you put in your trade/order, it's always gambling.

You may say that everything in life is strongly luck driven, so why not play Forex?
Well, in this case I leave you the answer.

Switzerland ban minaret

Today Switzerland voted a ban on minaret construction, making it illegal to build. This is probably the most obvious proof that rich country doesn't mean wise country.
Especially when we know how much of Muslim wealth is being managed from it's financial institutions. This is a good example on how people can differ in their opinion and believes within one nation. Many American where ashamed of their former president Bush, well now many Swiss are ashamed of their own neighbor. Because more than in any other country in the world, this vote is people's choice. This time the Swiss did not follow their government advice. Well, if at least we got rid of churches bells at the same time it would have made things a bit more fair.