What is FXRC?

ZOMG trading is so lit I'm going to be a millionaire, oh noes I blew my account. YOLO, right? Well, maybe there's a better way. I think the best way to fight back against the scammers and the shallow pitch-men is with knowledge. I aim to find out what can be proven and how we can add scientific rigor to trading. What actually works? Why are some systems so popular and yet so ineffective? I want to know. I don't pretend to have all the answers. I intend to make discoveries in the process of examining claims. I’m going to go through a lot of material thoroughly and patiently, rejecting superstitious voodoo and uncovering functional theories like a scientist digging for the TRUTH. In a dog-eat-dog world, we need the power of evidence. I try to post a new video on YouTube and Twitch every weekday (or night) and I post some clips and highlights on Instagram when I get a chance.

Twitch Studio glitched out and doesn't show the slide when it should - so in the first 10 minutes of this sleepy lecture you should look at the video thumbnail. Again, I'm typing up my notes in real-time so play this at 2x speed if you can handle it. - 99% of the time it's not the best time to enter a trade - Extremes are historical points where reversals are likely and you need to be in on them - Go for the jugular - G. Soros - Make use of your additional time when you aren't in a trade - Trading from home is like being on a coronavirus isolation order all the time BabyPips history - actually we covered this in detail already in the Principle 07 video. I think BabyPips just forgot to move this. I look at Babypip's very short history of FX trading and the differences(?) between Dealing Desks and Non-Dealing Desks. Hint: there aren't many. - BabyPips claims there is no conflict of interest between brokers and traders. FALSE. The relationship is not dissimilar to a casino vs. their patrons. - Fixed spread brokers are not better than variable spread - Competition does not stop brokers from maximizing their profits at your literal expense - I have an open question about the 'depth of market' shown in most broker's MT4 distributions. Is it really depth of market? -- Watch live at https://www.twitch.tv/evidencebasedfx

"A prototype declares the function name, its parameters, and its return type to the rest of the program prior to the function"s actual declaration." My understanding is that this provides the compiler with the info it needs to produce a useful error when the number of parameters it expects doesn't match the input. However as you see Replit handles the errors/warnings fairly well and the lesson is somewhat muddled. Luckily it is short! Also there's some tinkly music that didn't get flagged which you may or may not enjoy. -- Watch live at https://www.twitch.tv/evidencebasedfx

This chapter didn't seem to be as coherent as some of the previous ones but we touch on: - Variable data types, - The old and new ways to declare variables, - Talk about other points of interest in arrays - Order of precedence with operators, and - Briefly look at functions and how they're called in different ways. Actually there's a lot in this chapter and it probably could have been split into different chapters but not to worry, we'll be revisiting everything in future installments. -- Watch live at https://www.twitch.tv/evidencebasedfx

After days of slogging we finally get through the last section on Margin trading and complete the first section of BabyPips Preschool! Sadly, the info gets less useful from hereon out until we get to the end chapters of BabyPips, but the good news is that it should get slightly more interesting, as I trash nearly a century of voodoo technical analysis like some upstart whippersnapper. - Margin is used to create leverage - Leverage has an inverse relationship to margin - Forex and securities use the term 'margin' differently - Synonyms for margin jargon - How to avoid Margin Calls ( a mix of exaggerations and truth) -- Watch live at https://www.twitch.tv/evidencebasedfx

I look at a random number generator that bubble sorts a list of seed-generated integers using an array. Although I'm not sure I learned that much about arrays, I did figure out how to move a function and call it from main(). - Arrays are counted starting from arrayName[0] so the first item is item zero - Comments are useful annotations to your code but the compiler ignores them. They are important so that you know what parts of your code does (even if you're looking at it years later) or for other people to make changes - There are two types of comments in C - multi-line which look like this /* comment */ and single-line which look like // - C has no range checking which sort of means something to me now but I'm sure there are subtleties with which I'm not familiar - You can put the whole functional part of a loop into the initial loop conditions in C, although I have no idea why you'd want to -- Watch live at https://www.twitch.tv/evidencebasedfx

The trend is a friend who is waiting for you in a dark alley with the knife from Crocodile Dundee. Depending on when you met he's either got your back or he's ready to gut you. - You need a way to define the trend or it's meaningless - Countertrend trading is the second most dangerous game - Trading should be (eventually) easy and more or less relaxed, at least mentally I look at the second part of the drearily dull mechanics of margin trading and I'm not even done! Skip it at your peril I guess. - Margin call scenarios - what happens with brokers who have different policies -- Watch live at https://www.twitch.tv/evidencebasedfx

I look at the week gone by and two experimental demo systems that are performing well. I also look at the EXCITING world of trading on margin and what is margin and what are the different types of margin and oh gosh it's ever so wonderful and interesting. Not really, it's repetitive and boring but it's important. - It's important because leverage in forex is what gives it power - to create and destroy accounts - Margin calls - what they are and why they're bad - Stop-outs and why they're even worse. - Equity vs Balance - Margin as security on opened positions - Margin level - Free Margin - Risk Capital - and why it shouldn't be your rent or medical expense budget - and much much more!!! (sadly) -- Watch live at https://www.twitch.tv/evidencebasedfx