Why consumers will be the big losers of GDPR

GDPR will

Like a very good video of the Financial Times told us (1), small US companies are exiting the European Market because of GDPR. 1'700 engineers are working at Microsoft for GDPR and only big companies can have their ass safe negotiating directly with the European Commission. Others companies will be at the mercy of any good lawyers to be pushed outside the market.

Check this 4 little advices from an IT project manager to its fellow colleagues.

The IT Debt...

All professional from IT sector, developers, system administrators, tech urbanist knows that every classic IT department work...quite bad after a while.

If the people who build roads had exactly the same professional behaviour, half of the roads would end nowhere and the rest will have issues serious or not.

I have never seen an IT department working like we wanted to run it. Never.

The best IT department I have personally seen are decentralized ones who bet on the people inside their organization and not in process or "management theory".

When the robot will feel emotions.

Crazy robot...

AlphaGoZero (1) was the first Robot which could learn to play "Go" without historical data. In Fact, AlphaGoZero did not play from "scratch" but was playing against AlphaGo, against on another robot.

Like the child who learns to play football by learning the codes and imitating the adult, the robot was learning by reinforcement: by the feedbacks of another robot.

It's exactly like we learn with reward and punishment. Our entire educational system, - the stupid ones yes -, is based on this 2 tits of social education with teachers acting more or like the robot of AlphaGo.

we give you the 7 truths about Expert Advisor for forex market and retail traders.

The 7 truths about expert-advisor for metatrader 4

I founded a swiss based corporation based on forex robot in 2012 - ThirdBrain SA - then you are waiting for me a long speech about how this robot are well done and make profit.

It’s not my goal. I am not anymore in the company in any case but I would like to share with you my discovery of the Forex Market at different level :

As client, first, 10 years

As Expert advisor producers, 6 years

As Broker,  ThirdBrain SA was broker with an European Solution during 2 years

As Official Wealth Manager under Swiss Market Authority Regulation, 3 years.

Lesson #6 - Don't play when you are tired - it's my lesson of the day

Don't play when you are tired

You remember yesterday. I took 2 positions of 0.10 each.

First to be honest with you, I made a "double click" and i did not really want to open 2 positions....in Metratrader 4, when you click on the trade, you are not opening the box to modify the order, what i wanted to do to modify StopLoss, but open a box to open a new trade. 

I made a terrible mistake with the stop loss.

Lesson #5 -I made 40 USD with my first trade but I am not happy.

Not happy

Let’s go back yesterday. After a quick setup, we took the decision to open LONG (means BUYING) in USD/CHF with a clear trend in H4 « replicated » in H1. TakeProfit was set to 66 pips, StopLoss, 100

Seeing that we had a resistance during the forecast journey, we decided to look at the trend when we will be close of the resistance.

Lessons #4, How to setup my trading plan before to start trading

Set up your trading plan now

First, we take Metatrader 4 as software to trade.

To download Metatrader 4, we advise FXDD or SwissQuotes.

SwissQuotes :

https://en.swissquote.com/forex/forex-trading-platforms/metatrader-4

Fxdd (*):

http://www.fxdd.com/us/en/downloads/?platform=mt4basic

Lesson #3 - before to setup your trading plan, learn this magic formula about money management

The Hope of Gain Formula + The Risk computation is the basis of the money management

I will repeat that each time I can but the base of your future success will be money management more than your ability to recognize a pattern, enter right or exit right.

And a formula can help you a lot. This formula is quite simple. You will compute a "hope of gain".

If you make 10 trades, win 6 and lose 4, you have a winning percentage of 60%, losing one of 40%, right?

Ok,

If the average win for the winning trade is 20 USD and the average loss for the losing one is 30 USD, you have :

Lesson #2 - Why i need to start with a demo account even if demo is not live

Never play binary options which are only a trap for naive people

We see a lot of comments about Live and Demo account.

Being a beginner, a demo account is the best way to start. No doubt.

Before to go live, you will need to repeat your trading plan, be sure that you are computing right the lot size, entering at the good moment and exiting right. 

The money management needs to be perfectly understood: you need to survive first.

No matter that Live account will be different - it will be -, it's only a training.