A NEW PLACE TO TRADE

                                         So, Why Assets FX?

I want to start by saying that the reason Assets FX never appeared on my radar screen is simple: they have no PAMM or managed accounts programs. In the past, this was an important search criterion.

One important thing you should know, and really it has been a big problem for investors and traders everywhere since the start of the modern trading era in the late 70’s, is that brokerage houses, banks, and the vast majority of fund managers view managed money as “chump” money, “low hanging fruit”, “Muppet dollars”, “easy pickings”, etc.

Today, as in the past, there is an entire food chain of people and institutions involved in “getting their share” of your managed funds. It is literally impossible to find a place to trade that doesn’t want spreads of at least 2 ½ - 3 PIPS [or more!] for a PAMM. It is a problem I have faced at a number of places in the past, and because of that it limits my flexibility to manage funds effectively.

For those that need [for whatever the reason] managed accounts, I’m going to address that situation in my next post when I talk about Collective 2, and our plans for using them in the most competitive, low cost trading environment out there today. It’s not perfect [there is no perfect trading environment available for retail accounts], but it gets the job done in the lowest cost structure my grey cells can get you. But that’s for the next post.

There are 4 important criteria, in choosing a brokerage house, if we want the most flexibility offered to us via trading FX; 1) safety of funds, 2) cost of entry to trading [i.e., low account opening balance with flexibility of high leverage for those that want it], 3) tighter spreads than you can get on any exchange with the flexibility of trading any amount versus exchange standardized contracts, and 4) NO limits on your trading [i.e., no “freeze zones”, no limits for taking profits or setting stops, and NO requotes.]

It is for these reasons that I have chosen to trade at Assets FX. Don’t take my word for it, go visit the website http://assetsfx.com and do your own due diligence. If you have any questions get on live chat [07:00 – 22:00 server time] or send them an email.

With the release of the Scalper Algorithm, you now have the means and the place, to get the total job done. No matter how you want to trade, the savings from less-than-exchange-traded-spreads will put a lot more money into your account versus more of your money going to the banks and the brokerage house.

Now, the one limitation we face is that they have no offshore debit card for withdrawal. You are either going to have to use wire transfer to/from a bank, or back onto a debit/credit card. This has obvious consequences.

If you are a small trader, trying to build your pile of money, this limitation will be more of an inconvenience than a financial hit.

For larger traders, you can easily find offshore information [plus a whole lot more] by doing simple search engine queries. If you do internet search, use “Duck Duck Go” as your search engine; they [unlike Google] will not track and save your search queries.

Look up IBC’s [International Business Company], Private Interest Foundations [PIF’s], and concentrate your search efforts on Belize, Nevis, and Panama. What you will find is a literal ton of information on structure and strategy.

Of course, after you do this, any offshore law firm or incorporation service worth their salt will validate your search efforts, answer any questions, and give you their opinion on which strategy is best for you.

So, I’m just sayin’, in case you find this factual information interesting and educational.

Have a great day everyone.

-vegas

IT’S ALL ABOUT CHOICES

                                            Life In Amerika

If you are relatively young, maybe your ice cube is a little bigger than the old folks, but it doesn’t mean your financial survival is any more secure. Every demographic in Chalky’s Amerika faces a very difficult road ahead and it is going to get much worse than it is now.

Older Amerikans who have played by the rules their entire lives, who have saved money for their later years, wake up each day to the criminal enterprise known as The Fed. They have no place to safely place their funds because interest rates are near zero. If this describes you, your government has sacrificed your life’s work for a socialized national debt that pays little interest so they can subsidize their “takers” voter base at your expense. You are forced to search for yield in an environment you know very little about.

Young people, who were totally lied to about college and sold a defective and corrupt educational system bill of goods, face no job prospects upon graduation and staggering student loan debt that will keep them indentured government slaves for most of their adult lives. It’s great to live in Mom and Dad’s basement isn’t it?

And just wait until Chalky’s Soviet style medicine hits in the weeks to come; how do you live any kind of life with high taxes [federal, state, and maybe even local], FICA [the ponzi scheme known as Social Security], sky high health premiums and deductibles, rent, food, and car payment [because how can you afford to pay cash for a $40k car]?

“Ummmm ….. excuse me …..  where’s the disposable income for a life and a future?”

Do you believe in magic or math?

For all of you who think you can achieve your goals and dreams through your labor, I’ve got bad news for you; it ain’t gonna happen. There aren’t enough hours in a day, week, or month to come even close. Choose to believe me or not, but your entire life has been an exercise [by government and big corporations] to train you as a worker bee. 

Money lives one way, you live the other way. [Guess who lives better?]

If you treat trading as an entrepreneurial business, there is no reason you can’t escape the tyranny of government and corporate Amerika. There simply is no other business venture that comes even close to funding your dreams of a FREE, secure, and better financial future; I could literally spend the next 6 months posting all the advantages. The disadvantages; sorry, I don’t see any.

However, you do need to master 2 extremely important items; 1) a money making algorithm, and 2) a business structure that makes you invisible and immune from government and lawyers.

                               The World’s Smartest Businessman

This past week saw WTI Crude Oil post numbers that put the week in “tail risk” territory. Six months from now somebody will look at the weekly candlestick charts and say about last week, “kind of a small spindle here, it must have been a loser week”. No, it wasn’t.

While you probably wouldn’t have achieved your goal of 200+ pips for the week, if you followed the algorithm, you would most likely have made in excess of 100 pips for the week before it ended on Friday. And yes, there are a few weeks that take trading into Friday; not every week can be a 3 day workweek.

But my point here is that even with a “tail risk” week [6% of all trading weeks], where 94% of the time it doesn’t happen, the algorithm still made you money. You literally have to have a small spindle where the high value for the week is below 80 pips for the probability of loss to grow. And how often has that happened in the last 8 years? NONE. ZIP. ZERO. NADA.

The one question I got all through September, when I had some speaking engagements, was, “How much do I need in an account to make a decent living from this”?

On average, you will need a minimum of $3,000 in your account to make about $1,000 per week. Obviously, if you can deposit more that is better and gives you more breathing room. Now, I don’t pull this number out of thin air; it is supported by the historical data.

So, the first item I got covered for you either through your OWN trading AND/OR via Replitrader at Forex-Metal.

I’m not here to give tax and/or estate planning advice. Everybody is different and has different objectives and risk tolerance. There are literally thousands of places you can incorporate offshore and use IBC’s [International Business Company], Trusts, and PIF’s [Private Interest Foundations] to your advantage.

The current Treasury Secretary of the U.S. [Jack Lew] has “offshore entities” [he has reported on his government disclosure documents] in the Cayman Islands. So, for you uninformed socialists, who think this is somehow illegal or immoral, guess again. If it’s good enough for government officials who have money, then somebody explain to me how it’s not for you [chirp…. chirp ….. chirp].

I would encourage all of you to do internet research [through the Hide My Ass proxy of course] and check out the offshore links I have on this blogsite. One way or another, you’ll find what’s right for you and your family.

So, the second item I have you pointed in the right direction.

You can either stay in the “pudding business” or do something about it. So you can make intelligent decisions, if you have questions or concerns about trading [or the algo], I encourage you to contact me via email at vegasalgo@yahoo.com and tell me what’s on your mind. I reply to each email I get [as fast as I can] and respond honestly to what you tell me.

Have a great day everyone.

-vegas