themeatbridge

joined 1 year ago
[–] themeatbridge@lemmy.world 1 points 4 minutes ago

It is, but forex markets allow traders to trade on significant margin. Meaning, if I have $100, I might be able to buy $1,000 worth of foreign currency (a 1:10 margin) and if the value of the currency increases 1% ($100) you get 10% of the profit, which is 10% of your investment. If the position increases by 10%, you double your money. However, this also means that if the value drops by 10%, your money is gone.

Now consider that forex traders often leverage at 1:500 margins. You get to buy massive positions with currency pairs, and even the tiniest fluctuations can provide massive profits or instantaneous ruin.

The algorithm I used monitored recurring micro-patterns, watching for predictable movements. You're also watching relative value pairs, rather than just an absolute market value. Both sides of a currency pair have nations vying to improve the value of their own currency, so you can make money (or lose money) on either side of the pair. Dollar is low against the yen, buy dollars with yen. Yen drops against the dollar, sell your positions. Euro drops against the yen, go pick up Euros agains the yen, and feel confident that Japan is already trying to strengthen the yen (simplified example, because it's way more complex than that).

So if you track currencies across all currency pairs, you can find inconsistencies. I called it "torque" 15 years ago, but I'm sure a proper forex trader can give you an actual name for it. These are areas where three or more currencies are out of alignment, like if the dollar is up against the yen but down against the euro, and the yen is up against the euro. These are situations where you would expect the market to equalize in one direction or the other, and the trick was being able to predict which way it would go.

And I thought I had figured that out. I had not figured that out. I had gotten lucky several times in a row.

[–] themeatbridge@lemmy.world 7 points 19 hours ago (1 children)

It hurt with fake money, because I thought I had discovered some big secret key. Like that movie Pi. And then it was gone. All the sucess, all the dreams of a 9-screen batcave-style computer station with financial tickers and shit. I realized that I had nothing, and I was foolish for thinking otherwise. Stung like a bitch.

But you're right, safe investments are the smarter long-term play. I did make an extra paycheck on dogecoin once on a moonshot. But otherwise, my boring retirement funds are all steadily beating inflation by a few percentage points. Why fight the tide?

[–] themeatbridge@lemmy.world 44 points 21 hours ago (7 children)

Reminds me of the time I started learning about forex. I used a practice account to test an algorithm for recognizing short-term trends and trading on the activity. I ran a simulation for a few days to make sure it was working, and my fake $10,000 bankroll turned into $50,000 in less than a week. I was excited about the results, and went to explain it to someone with deeper pockets who might actually have $10k to invest, and in the time it took me to walk from my desk to his and back, it went to less than $600. Five minutes, $50k wiped out.

Needless to say, he didn't invest and I stopped daydreaming about owning a yacht. Forex is gambling.

[–] themeatbridge@lemmy.world 380 points 1 day ago (43 children)

This argument reveals that she thinks both sides are playing the same game. Progressives don't support corrupt leaders. MTG does.

[–] themeatbridge@lemmy.world 112 points 2 days ago (4 children)

Narayama Murthy sounds like an enormous piece of shit.

[–] themeatbridge@lemmy.world 7 points 6 days ago

Agreed, those people are the best. But also, that's a bit of a nightmare scenario, because now you have to decide if you're going to risk saying something from five minutes ago, or decline the kindness and feel bad for rejecting the gesture.

[–] themeatbridge@lemmy.world 15 points 6 days ago (2 children)

Awkwardly attempt to join the conversation, only to be talked over mid-sentence by someone else, and so you wait for another lull. Attempt to start again, only to be interrupted again by someone else. Watch helplessly as the subject of the conversation drifts far from the point you were going to make. Minutes pass, and everyone is glad to be talking about something else. You let go of the moment, and resign yourself to remain quiet. Then someone says to you, "Oh, what were you going to say?"

[–] themeatbridge@lemmy.world 11 points 3 weeks ago

It also forced users onto their app, which creates a captive market for force-serving ads disguised as content.

[–] themeatbridge@lemmy.world 13 points 3 weeks ago

What they're saying is that trying to reverse climate change won't be enough. It doesn't mean it isn't the right path, just that it won't go far enough.

[–] themeatbridge@lemmy.world 224 points 3 weeks ago (14 children)

Two types of people reading this:

"Oh no! We should do everything we can to mitigate the damage."

and

"Fuck it, might as well keep doing what I'm doing."

And it's the latter that got us here in the first place.

[–] themeatbridge@lemmy.world 36 points 3 weeks ago (2 children)

Is there any way I can do this without finding out any more about this fetish?

[–] themeatbridge@lemmy.world 66 points 3 weeks ago (13 children)

Holy shit. I have feet. Does anyone want pictures of a guy's feet? They're big and weirdly shaped.

 

I heard someone say this in a video recipe, followed by way more cheese than you should eat at once. It occurred to me that the phrase means ample, not nutritious.

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