| Page: 1 | Rating: Unrated [0] |
Let'S See How Smart U Guys Are
| Good [+1]Toggle ReplyLink» ravedave replied on Mon Mar 16, 2009 @ 9:28pm |
 Coolness: 132610 | |
| Good [+1]Toggle ReplyLink» cutterhead replied on Mon Mar 16, 2009 @ 9:34pm |
 Coolness: 132515 | nice blue square, what the hell is this supposed to be ? Update » cutterhead wrote on Mon Mar 16, 2009 @ 9:38pm 
care to explain why shockwave object display nothing ? |
| I'm feeling 4hz even if you dont right now.. | |
| Good [+1]Toggle ReplyLink» Screwhead replied on Mon Mar 16, 2009 @ 9:38pm |
 Coolness: 686510 | Awesome, a blue square that does nothing in three browsers! |
| I'm feeling your norks right now.. | |
| Good [+1]Toggle ReplyLink» cutterhead replied on Mon Mar 16, 2009 @ 9:39pm |
| Coolness: 132515 | man ppl wasting time as such, get my voodoo on their karma. Update » cutterhead wrote on Mon Mar 16, 2009 @ 9:40pm lets wrap the browser , see if that junk code did some shit... christ better not find shit or ill start embedding worms. |
| I'm feeling 4hz even if you dont right now.. | |
| Good [+1]Toggle ReplyLink» Gamos replied on Mon Mar 16, 2009 @ 9:40pm |
 Coolness: 94415 | this game sucks |
| I'm feeling apathetic right now.. | |
| Good [+1]Toggle ReplyLink» ravedave replied on Mon Mar 16, 2009 @ 9:41pm |
| Coolness: 132610 | works fine here |
| Good [+1]Toggle ReplyLink» Gamos replied on Mon Mar 16, 2009 @ 9:42pm |
| Coolness: 94415 | i make up games in my head and think theyre real. Well, at least sometimes when Im on drugs... |
| I'm feeling apathetic right now.. | |
| Good [+1]Toggle ReplyLink» cutterhead replied on Mon Mar 16, 2009 @ 9:43pm |
| Coolness: 132515 | so its a forex generator ...
Forex scam From Wikipedia, the free encyclopedia Jump to: navigation, search A forex (or foreign exchange) scam is any trading scheme used to defraud individual traders by convincing them that they can expect to gain a high profit by trading in the foreign exchange market. Currency trading "has become the fraud du jour" as of early 2008, according to Michael Dunn of the U.S. Commodity Futures Trading Commission. [1] But "the market has long been plagued by swindlers preying on the gullible," according to the New York Times [2]. "The average individual foreign-exchange-trading victim loses about $15,000, according to CFTC records" according to The Wall Street Journal. [3]. The North American Securities Administrators Association says that "off-exchange forex trading by retail investors is at best extremely risky, and at worst, outright fraud." [4] “In a typical case, investors may be promised tens of thousands of dollars in profits in just a few weeks or months, with an initial investment of only $5,000. Often, the investor’s money is never actually placed in the market through a legitimate dealer, but simply diverted – stolen – for the personal benefit of the con artists.”[5] In August, 2008 the CFTC set up a special task force to deal with growing foreign exchange fraud.”[6] The forex market is a zero-sum game[7] , meaning that whatever one trader gains, another loses, except that brokerage commissions and other transaction costs are subtracted from the results of all traders, technically making forex a "negative-sum" game. These scams might include churning of customer accounts for the purpose of generating commissions, selling software that is supposed to guide the customer to large profits, [8] improperly managed "managed accounts", [9] false advertising, [10] Ponzi schemes and outright fraud. [4] [11] It also refers to any retail forex broker who indicates that trading foreign exchange is a low risk, high profit investment. [12] The U.S. Commodity Futures Trading Commission (CFTC), which loosely regulates the foreign exchange market in the United States, has noted an increase in the amount of unscrupulous activity in the non-bank foreign exchange industry.[13] An official of the National Futures Association was quoted [14] as saying, "Retail forex trading has increased dramatically over the past few years. Unfortunately, the amount of forex fraud has also increased dramatically..." Between 2001 and 2006 the U.S. Commodity Futures Trading Commission has prosecuted more than 80 cases involving the defrauding of more than 23,000 customers who lost $350 million. From 2001 to 2007, about 26,000 people lost $460 million in forex frauds. [1] CNN quoted Godfried De Vidts, President of the Financial Markets Association, a European body, as saying, "Banks have a duty to protect their customers and they should make sure customers understand what they are doing. Now if people go online, on non-bank portals, how is this control being done?" Contents * 1 Not beating the market * 2 The use of high leverage * 3 Convicted scammers * 4 Under criminal investigation * 5 References * 6 See also [edit] Not beating the market The foreign exchange market is a zero sum game[7] in which there are many experienced well-capitalized professional traders (e.g. working for banks) who can devote their attention full time to trading. An inexperienced retail trader will have a significant information disadvantage compared to these traders. Although it is possible for a few experts to successfully arbitrage the market for an unusually large return, this does not mean that a larger number could earn the same returns even given the same tools, techniques and data sources. This is because the arbitrages are essentially drawn from a pool of finite size; although information about how to capture arbitrages is a nonrival good, the arbritrages themselves are a rival good. (To draw an analogy, the total amount of buried treasure on an island is the same, regardless of how many treasure hunters have bought copies of a treasure map.) Retail traders are - almost by definition - undercapitalized. Thus they are subject to the problem of gambler's ruin. In a fair game (one with no information advantages) between two players that continues until one trader goes bankrupt, the player with the lower amount of capital has a higher probability of going bankrupt first. Since the retail speculator is effectively playing against the market as a whole - which has nearly infinite capital - he will almost certainly go bankrupt. The retail trader always pays the bid/ask spread which makes his odds of winning less than those of a fair game. Additional costs may include margin interest, or if a spot position is kept open for more than one day the trade may be "resettled" each day, each time costing the full bid/ask spread. According to the Wall Street Journal (Currency Markets Draw Speculation, Fraud July 26, 2005) "Even people running the trading shops warn clients against trying to time the market. 'If 15% of day traders are profitable,' says Drew Niv, chief executive of FXCM, 'I'd be surprised.' "[15] Paul Belogour, the Managing Director of a Boston based retail forex trader, was quoted by the Financial Times as saying, "Trading foreign exchange is an excellent way for investors to find out how tough the markets really are. But I say to customers: if this is money you have worked hard for – that you cannot afford to lose – never, never invest in foreign exchange." [16] [edit] The use of high leverage By offering high leverage, the market maker encourages traders to trade extremely large positions. This increases the trading volume cleared by the market maker and increases his profits, but increases the risk that the trader will receive a margin call. While professional currency dealers (banks, hedge funds) never use more than 10:1 leverage, retail clients are generally offered leverage between 50:1 and 200:1[2]. A self-regulating body for the foreign exchange market, the National Futures Association, warns traders in a forex training presentation of the risk in trading currency. “As stated at the beginning of this program, off-exchange foreign currency trading carries a high level of risk and may not be suitable for all customers. The only funds that should ever be used to speculate in foreign currency trading, or any type of highly speculative investment, are funds that represent risk capital; in other words, funds you can afford to lose without affecting your financial situation.“ [17] [edit] Convicted scammers * Russell Cline * Russell Erxleben * Richard Matthews, Jr. * Joel N. Ward [edit] Under criminal investigation * WinCapita[18][19] [edit] References thanks , but i dont care, the only thing i care about is what your shockware object did underneat. Update » cutterhead wrote on Mon Mar 16, 2009 @ 9:45pm care to explain ? so this will be more a " HA HA " thats what than .. "what gives". |
| I'm feeling 4hz even if you dont right now.. | |
| Good [+1]Toggle ReplyLink» ravedave replied on Mon Mar 16, 2009 @ 9:45pm |
| Coolness: 132610 | for the non paranoid kids whod like to play a quizz here is the same game on deviantart
[ splapp-me-do.deviantart.com ] |
| Good [+1]Toggle ReplyLink» cutterhead replied on Mon Mar 16, 2009 @ 9:47pm |
| Coolness: 132515 | i have all the reason in the world no to trust a shockwave object man.
especially one shoved like that. Update » cutterhead wrote on Mon Mar 16, 2009 @ 9:49pm broken link then
Artist's Comments Urrrgh. The Impossible Quiz got removed from DeviantART because of the music... so here's a 'lite' version, with the music removed. On the upside though, it reduced the filesize quite a lot. Update » cutterhead wrote on Mon Mar 16, 2009 @ 9:52pm i still call your first one as malware
The forex market is a zero-sum game[7] , meaning that whatever one trader gains, another loses, except that brokerage commissions and other transaction costs are subtracted from the results of all traders, technically making forex a "negative-sum" game. Update » cutterhead wrote on Mon Mar 16, 2009 @ 9:55pm nyways , just by that joker question 4 , the best way to win is not to play. |
| I'm feeling 4hz even if you dont right now.. | |
| Good [+1]Toggle ReplyLink» ApR1zM replied on Tue Mar 17, 2009 @ 2:59pm |
 Coolness: 165720 | heaheah ta raison Cutter ! |
| I'm feeling analyzing charts right now.. | |
| Good [+1]Toggle ReplyLink» cutterhead replied on Fri Mar 20, 2009 @ 12:53am |
| Coolness: 132515 | :P |
| I'm feeling 4hz even if you dont right now.. | |
Let'S See How Smart U Guys Are
| Page: 1 |
[ Top Of Page ] |
Post A Reply |
You must be logged in to post a reply.
[ Top Of Page ] |
