That's a common feeling, Simon. There's a chap called John Kasumba (aka Reilag) who recently made off with billions of guys' money in some forex scam ponzi scheme thingie...
The details are sketchy, but i know many, many friends who lost serious money. Maybe thats another reason which motivates people to try the algorithms Paul mentioned... As an aside for those interested in this sort of thing, here's a link to a mad man (but he's funny!) called Max Keiser talking about "Algo" trading. http://rt.com/programs/keiser-report/episode-352-max-keiser/comments/ He works for the Russians, so he's biased in the opposite way you are used to - but he was a successful trader, so he knows his stuff. If your net is not fast enough, you can catch his show on UBC twice a night at very ungodly hours. Dont ask me how i know - Am (mostly) godly... Honest! On Fri, Nov 9, 2012 at 11:59 AM, Simon Vass <[email protected]> wrote: > Lately I think I would have had faith in a Hollywood actor stuck inside > the engine bay an 80's car to make better choices that some of these so > called Traders. > > > > On 9 November 2012 11:56, Richard Obore <[email protected]> wrote: > >> Very interesting! >> But even if its the KITT [http://knightrideronline.com/], i expect >> pain... >> >> Here's the 1 page summary of a related sob story i've been following: >> >> http://www.forbes.com/sites/halahtouryalai/2012/08/06/knight-capital-the-ideal-way-to-screw-up-on-wall-street/ >> >> Poor rich banksters! >> >> R. >> >> >> On Fri, Nov 9, 2012 at 10:31 AM, Paul Bagyenda <[email protected]>wrote: >> >>> Algorithms are cheaper than human traders. Apparently: >>> >>> >>> http://business.financialpost.com/2012/11/07/ubs-fires-trader-replaces-him-with-computer-algorithm/ >>> >>> _______________________________________________ >>> The Uganda Linux User Group: http://linux.or.ug >>> >>> Send messages to this mailing list by addressing e-mails to: >>> [email protected] >>> Mailing list archives: http://www.mail-archive.com/[email protected]/ >>> Mailing list settings: http://kym.net/mailman/listinfo/lug >>> To unsubscribe: http://kym.net/mailman/options/lug >>> >>> The Uganda LUG mailing list is generously hosted by INFOCOM: >>> http://www.infocom.co.ug/ >>> >>> The above comments and data are owned by whoever posted them (including >>> attachments if any). The mailing list host is not responsible for them in >>> any way. >>> >> >> >> _______________________________________________ >> The Uganda Linux User Group: http://linux.or.ug >> >> Send messages to this mailing list by addressing e-mails to: >> [email protected] >> Mailing list archives: http://www.mail-archive.com/[email protected]/ >> Mailing list settings: http://kym.net/mailman/listinfo/lug >> To unsubscribe: http://kym.net/mailman/options/lug >> >> The Uganda LUG mailing list is generously hosted by INFOCOM: >> http://www.infocom.co.ug/ >> >> The above comments and data are owned by whoever posted them (including >> attachments if any). The mailing list host is not responsible for them in >> any way. >> > > > > -- > Simon Vass > Managing Director > E-Tech Uganda Ltd > http://www.etech.ug > Tel: +256 (0) 312260620 > Email: [email protected] > > > > _______________________________________________ > The Uganda Linux User Group: http://linux.or.ug > > Send messages to this mailing list by addressing e-mails to: > [email protected] > Mailing list archives: http://www.mail-archive.com/[email protected]/ > Mailing list settings: http://kym.net/mailman/listinfo/lug > To unsubscribe: http://kym.net/mailman/options/lug > > The Uganda LUG mailing list is generously hosted by INFOCOM: > http://www.infocom.co.ug/ > > The above comments and data are owned by whoever posted them (including > attachments if any). The mailing list host is not responsible for them in > any way. >
_______________________________________________ The Uganda Linux User Group: http://linux.or.ug Send messages to this mailing list by addressing e-mails to: [email protected] Mailing list archives: http://www.mail-archive.com/[email protected]/ Mailing list settings: http://kym.net/mailman/listinfo/lug To unsubscribe: http://kym.net/mailman/options/lug The Uganda LUG mailing list is generously hosted by INFOCOM: http://www.infocom.co.ug/ The above comments and data are owned by whoever posted them (including attachments if any). The mailing list host is not responsible for them in any way.
