Some trading wisdom, tools and information I picked up along the way that helped me be a better trader. Maybe it can help you too.
Its a bit lengthy and I tried to condense it as much as I can. So take everything at a high level as each subject is has a lot more depth but fundamentally if you distill it down its just taking simple things and applying your experience using them to add nuance and better deploy them. There are exceptions to everything that you will learn with experience or have already learned. If you know something extra or something to add to it to implement it better or more accurately. Then great! However, my intention of this post is just a high level overview. Trading can be far too nuanced to go into in this post and would take forever to type up every exception (not to mention the traders individual personality). If you take the general information as a starting point, hopefully you will learn the edge cases long the way and learn how to use the more effectively if you end up using them. I apologize in advice for any errors or typos. Introduction After reflecting on my fun (cough) trading journey that was more akin to rolling around on broken glass and wondering if brown glass will help me predict market direction better than green glass. Buying a $100 indicator at 2 am when I was acting a fool, looking at it and going at and going "This is a piece of lagging crap, I miss out on a large part of the fundamental move and never using it for even one trade". All while struggling with massive over trading and bad habits because I would get bored watching a single well placed trade on fold for the day. Also, I wanted to get rich quick. On top all of that I had a terminal Stage 4 case of FOMO on every time the price would move up and then down then back up. Just think about all those extra pips I could have trading both directions as it moves across the chart! I can just sell right when it goes down, then buy right before it goes up again. Its so easy right? Well, turns out it was not as easy as I thought and I lost a fair chunk of change and hit my head against the wall a lot until it clicked. Which is how I came up with a mixed bag of things that I now call "Trade the Trade" which helped support how I wanted to trade so I can still trade intra day price action like a rabid money without throwing away all my bananas. Why Make This Post? - Core Topic of Discussion I wish to share a concept I came up with that helped me become a reliable trader. Support the weakness of how I like to trade. Also, explaining what I do helps reinforce my understanding of the information I share as I have to put words to it and not just use internalized processes. I came up with a method that helped me get my head straight when trading intra day. I call it "Trade the Trade" as I am making mini trades inside of a trade setup I make from analysis on a higher timeframe that would take multiple days to unfold or longer. I will share information, principles, techniques I used and learned from others I talked to on the internet (mixed bag of folks from armatures to professionals, and random internet people) that helped me form a trading style that worked for me. Even people who are not good at trading can say something that might make it click in your head so I would absorbed all the information I could get.I will share the details of how I approach the methodology and the tools in my trading belt that I picked up by filtering through many tools, indicators strategies and witchcraft. Hopefully you read something that ends up helping you be a better trader. I learned a lot from people who make community posts so I wanted to give back now that I got my ducks in a row. General Trading Advice If your struggling finding your own trading style, fixing weakness's in it, getting started, being reliably profitable or have no framework to build yourself higher with, hopefully you can use the below advice to help provide some direction or clarity to moving forward to be a better trader.
KEEP IT SIMPLE. Do not throw a million things on your chart from the get go or over analyzing what the market is doing while trying to learn the basics. Tons of stuff on your chart can actually slow your learning by distracting your focus on all your bells and whistles and not the price action.
PRICE ACTION. Learn how to read price action. Not just the common formations, but larger groups of bars that form the market structure. Those formations carry more weight the higher the time frame they form on. If struggle to understand what is going on or what your looking at, move to a higher time frame.
INDICATORS. If you do use them you should try to understand how every indicator you use calculates its values. Many indicators are lagging indicators, understanding how it calculates the values can help you learn how to identify the market structure before the indicator would trigger a signal . This will help you understand why the signal is a lagged signal. If you understand that you can easily learn to look at the price action right before the signal and learn to watch for that price action on top of it almost trigging a signal so you can get in at a better position and assume less downside risk. I recommend using no more than 1-2 indicators for simplicity, but your free to use as many as you think you think you need or works for your strategy/trading style.
PSYCOLOGY. First, FOMO is real, don't feed the beast. When you trade you should always have an entry and exit. If you miss your entry do not chase it, wait for a new entry. At its core trading is gambling and your looking for an edge against the house (the other market participants). With that in mind, treat as such. Do not risk more than you can afford to lose. If you are afraid to lose it will negatively effect your trade decisions. Finally, be honest with your self and bad trading happens. No one is going to play trade cop and keep you in line, that's your job.
TRADE DECISION MARKING: Before you enter any trade you should have an entry and exit area. As you learn price action you will get better entries and better exits. Use a larger zone and stop loss at the start while learning. Then you can tighten it up as you gain experience. If you do not have a area you wish to exit, or you are entering because "the markets looking like its gonna go up". Do not enter the trade. Have a reason for everything you do, if you cannot logically explain why then you probably should not be doing it.
ROBOTS/ALGOS: Loved by some, hated by many who lost it all to one, and surrounded by scams on the internet. If you make your own, find a legit one that works and paid for it or lost it all on a crappy one, more power to ya. I do not use robots because I do not like having a robot in control of my money. There is too many edge cases for me to be ok with it.However, the best piece of advice about algos was that the guy had a algo/robot for each market condition (trending/ranging) and would make personalized versions of each for currency pairs as each one has its own personality and can make the same type of movement along side another currency pair but the price action can look way different or the move can be lagged or leading. So whenever he does his own analysis and he sees a trend, he turns the trend trading robot on. If the trend stops, and it starts to range he turns the range trading robot on. He uses robots to trade the market types that he is bad at trading. For example, I suck at trend trading because I just suck at sitting on my hands and letting my trade do its thing.
Trade the Trade - The Methodology
Base Principles These are the base principles I use behind "Trade the Trade". Its called that because you are technically trading inside your larger high time frame trade as it hopefully goes as you have analyzed with the trade setup. It allows you to scratch that intraday trading itch, while not being blind to the bigger market at play. It can help make sense of why the price respects, rejects or flat out ignores support/resistance/pivots.
Trade Setup: Find a trade setup using high level time frames (daily, 4hr, or 1hr time frames). The trade setup will be used as a base for starting to figure out a bias for the markets direction for that day.
Indicator Data: Check any indicators you use (I use Stochastic RSI and Relative Vigor Index) for any useful information on higher timeframes.
Support Resistance: See if any support/resistance/pivot points are in currently being tested/resisted by the price. Also check for any that are within reach so they might become in play through out the day throughout the day (which can influence your bias at least until the price reaches it if it was already moving that direction from previous days/weeks price action).
Currency Strength/Weakness: I use the TradeVision currency strength/weakness dashboard to see if the strength/weakness supports the narrative of my trade and as an early indicator when to keep a closer eye for signs of the price reversing.Without the tool, the same concept can be someone accomplished with fundamentals and checking for higher level trends and checking cross currency pairs for trends as well to indicate strength/weakness, ranging (and where it is in that range) or try to get some general bias from a higher level chart that may help you out. However, it wont help you intra day unless your monitoring the currency's index or a bunch of charts related to the currency.
Watch For Trading Opportunities: Personally I make a mental short list and alerts on TradingView of currency pairs that are close to key levels and so I get a notification if it reaches there so I can check it out. I am not against trading both directions, I just try to trade my bias before the market tries to commit to a direction. Then if I get out of that trade I will scalp against the trend of the day and hold trades longer that are with it.Then when you see a opportunity assume the directional bias you made up earlier (unless the market solidly confirms with price action the direction while waiting for an entry) by trying to look for additional confirmation via indicators, price action on support/resistances etc on the low level time frame or higher level ones like hourly/4hr as the day goes on when the price reaches key areas or makes new market structures to get a good spot to enter a trade in the direction of your bias.Then enter your trade and use the market structures to determine how much of a stop you need. Once your in the trade just monitor it and watch the price action/indicators/tools you use to see if its at risk of going against you. If you really believe the market wont reach your TP and looks like its going to turn against you, then close the trade. Don't just hold on to it for principle and let it draw down on principle or the hope it does not hit your stop loss.
Trade Duration Hold your trades as long or little as you want that fits your personality and trading style/trade analysis. Personally I do not hold trades past the end of the day (I do in some cases when a strong trend folds) and I do not hold trades over the weekends. My TP targets are always places I think it can reach within the day. Typically I try to be flat before I sleep and trade intra day price movements only. Just depends on the higher level outlook, I have to get in at really good prices for me to want to hold a trade and it has to be going strong. Then I will set a slightly aggressive stop on it before I leave. I do know several people that swing trade and hold trades for a long period of time. That is just not a trading style that works for me.
Enhance Your Success Rate Below is information I picked up over the years that helped me enhance my success rate with not only guessing intra day market bias (even if it has not broken into the trend for the day yet (aka pre London open when the end of Asia likes to act funny sometimes), but also with trading price action intra day. People always say "When you enter a trade have an entry and exits. I am of the belief that most people do not have problem with the entry, its the exit. They either hold too long, or don't hold long enough. With the below tools, drawings, or instruments, hopefully you can increase your individual probability of a successful trade. **P.S.*\* Your mileage will vary depending on your ability to correctly draw, implement and interpret the below items. They take time and practice to implement with a high degree of proficiency. If you have any questions about how to do that with anything listed, comment below and I will reply as I can. I don't want to answer the same question a million times in a pm. Tools and Methods Used This is just a high level overview of what I use. Each one of the actions I could go way more in-depth on but I would be here for a week typing something up of I did that. So take the information as a base level understanding of how I use the method or tool. There is always nuance and edge cases that you learn from experience.
I keep a general high level Macro outlook for currencies. I dont get too deep into Fundamentals and just keep an eye out for news. If I am already in a trade I will hold it if its far enough away from my entry. However, I wont enter right before/during news as it can invalidate your setup.
I started with the basics of learning the standard price action formations/patterns and candles. You can find tons of free info on that online, google is your friend. Then I stared at charts and said "why did the price do that or do this etc" then after a while I started to understand what's happening without having to think about it and I can see the market structure without having to look as closely as I did in the past.
After many many hours of staring at 5 min charts for 15 hours a day 5 days a week I learned how to look at 5 min charts and be like "Oh that's a hammer on the 15 min etc. If you keep track of time you can do the same for hourly candles as well and you will start to see market structure naturally. However I typically trade in a two chart panel window so I have a 15 min and 5 min chart up when trading intra day so I dont have to think too hard about it.
Draw support resistance lines on Daily/4hr timeframes. I prefer to use body of the candle instead of the wick for support/resistance.
You can find support/resistance liquidity levels through out the day as well and trade those if the price retraces back through levels its already been through that same day.
It would be a bit length to explain exactly the best place to draw them. If your unsure there is plenty of free resources on the internet. Just try to use your head and look for price levels where the price was "Supported" or it "Resisted" that price level then slap a line on it. Draw as few or as many lines as you feel helps you and your style. I tend to lean on the side of fewer. I typically do about 6 lines main support/resistances (3 of each).
Draw two Fibonacci Extensions. One on the daily timeframe, and then one on the 4hr time frame. Then you can trade the Fibonacci levels and use them for TP targets or entry zones if price action respects the level. Also you can use it along with support/resistance and pivots if they happen to line up or are very close.
I cannot really figure out how to put it into words how to draw a Fib if you dont know how. I will have to make a picture to demonstrate it. If your interested post below and I will draw one up and post a link. Probably the easiest way to understand. Just keep in mind the Fib you draw on the 4hr time frame will be inside the daily timeframe one.
The TradeVision2020 dashboard that I use just helps me keep a tab on the current market post plus any swing strength/momentum a currency might have on higher time frames. Helps me look for shifts in the market or confirmation that the bias it already has in momentum is continuing. I have found that often currencies when they get really/weak or strong might continue for several days or even longer like a full week or more. We recently had what felt like 1 week or so of flat out Yen weakness which was making some things wonky. All it does is allow me to look at the dashboard instead of a million other charts.
I use two that work well for my intra day style. The Stochastic RSI is just like a RSI but its faster. The second is the Relative Vigor Index which I use to detect swings in momentum and divergences in bullish/bearish momentum. I have used many others in the past, but as I have grown and got better as a trader I have found making my analysis simpler has improved my trading.I dont like the whole idea of have 43 different indicators on 32 different time frames light up a dashboard to be green for me to enter a trade. With how I do it now, I have a clear understanding of what I expect to happen and why. That way when it does happen I understand the move and dont get freaked out if the market moves funny after I am in the trade.
Conclusion I use the above tools/indicators/resources/philosophy's to trade intra day price action that sometimes ends up as noise in the grand scheme of the markets movement.use that method until the price action for the day proves the bias assumption wrong. Also you can couple that with things like Stoch RSI + Relative Vigor Index to find divergences which can increase the probability of your targeted guesses. Trade Example from Yesterday This is an example of a trade I took today and why I took it. I used the following core areas to make my trade decision.
Fundamental Bias: I already had a bullish fundamental outlook on EUUSD with expecting the markets to price in future similes due a higher an higher chance of Biden winning on paper as the election closed in and a "Blue wave" coming which would lead to a weaker dollar. Also, the Euro Zone is getting hammered with COVID pretty hard plus Brexit drama so I had a strong Euro bias.NOTE: As frame of reference, all the other pairs I trade I traded as if they were ranging and trade a range. Markets are messed up right now.
Currency Strength/Weakness: I use a tool that gives me a currency strength/weakness dashboard called TradeVision2020. Helps me track individual currency strength/weakness intra day. Took me about a month to get used to it, but helps me keep track of intra day strength/weakness that can add a bias to trade direction as the day unfolds. Like "Will this run have a 2nd or 3rd push higher" or "I should look to TP at the first sign of weakness in the push" type bias data. You still got to use your brain and figure out the best decision. It wont make choices for you, its only a guide.NOTE: I am not trying to adverse the tool (if providing the code is against sub rules let me know), its just a tool I use every day that helps me with directional bias calls. I am sharing the coupon code that was given to me when I found out about the tool in the TradingView forex chatroom and the guy gave me the code to use when I signed up. I dont want someone to read the name and want to try it out then overpay for no reason. The coupon will give you 40% off. Coupon Code: 3F7A0T5T
Higher Timeframe Analysis: Detected some early signs of Bearish Divergence on the 1hr chart using a on a higher time frame using a Stochastic RSI. Then I saw more confirmation on 5 min charts using Relative Vigor Index to help time my entry mid session.
Pivot Points: I treat pivot points like support/resistance and trade them as such using price action to give me some idea how its being treated by the market. Pretty straight forward.
It may seem like a lot of stuff to process on the fly while trying to figure out live price action but, for the fundamental bias for a pair should already baked in your mindset for any currency pair you trade. For the currency strength/weakness I stare at the dashboard 12-15 hours a day so I am always trying to keep a pulse on what's going or shifts so that's not really a factor when I want to enter as I would not look to enter if I felt the market was shifting against me. Then the higher timeframe analysis had already happened when I woke up, so it was a game of "Stare at the 5 min chart until the price does something interesting" Trade Example: Today , I went long EUUSD long bias when I first looked at the chart after waking up around 9-10pm Eastern. Fortunately, the first large drop had already happened so I had a easy baseline price movement to work with. I then used tool for currency strength/weakness monitoring, Pivot Points, and bearish divergence detected using Stochastic RSI and Relative Vigor Index. I first noticed Bearish Divergence on the 1hr time frame using the Stochastic RSI and got confirmation intra day on the 5 min time frame with the Relative Vigor Index. I ended up buying the second mini dip around midnight Eastern because it was already dancing along the pivot point that the price had been dancing along since the big drop below the pivot point and dipped below it and then shortly closed back above it. I put a stop loss below the first large dip. With a TP goal of the middle point pivot line Then I waited for confirmation or invalidation of my trade. I ended up getting confirmation with Bearish Divergence from the second large dip so I tightened up my stop to below that smaller drip and waited for the London open. Not only was it not a lower low, I could see the divergence with the Relative Vigor Index. It then ran into London and kept going with tons of momentum. Blew past my TP target so I let it run to see where the momentum stopped. Ended up TP'ing at the Pivot Point support/resistance above the middle pivot line. Random Note: The Asian session has its own unique price action characteristics that happen regularly enough that you can easily trade them when they happen with high degrees of success. It takes time to learn them all and confidently trade them as its happening. If you trade Asia you should learn to recognize them as they can fake you out if you do not understand what's going on. TL;DR At the end of the day there is no magic solution that just works. You have to find out what works for you and then what people say works for them. Test it out and see if it works for you or if you can adapt it to work for you. If it does not work or your just not interested then ignore it. At the end of the day, you have to use your brain to make correct trading decisions. Blindly following indicators may work sometimes in certain market conditions, but trading with information you don't understand can burn you just as easily as help you. Its like playing with fire. So, get out there and grind it out. It will either click or it wont. Not everyone has the mindset or is capable of changing to be a successful trader. Trading is gambling, you do all this work to get a edge on the house. Trading without the edge or an edge you understand how to use will only leave your broker happy in the end.
I've been watching many videos about finance and want to summarise it into a paragraph so other people can correct me and give tips. I just want to want to set myself up for a better future and maybe learn from others mistakes. CC1. This is the most information I have about credit cards. You can credit card churn (for travel not cash back )when 18 which you need a credit score for. Having a low utilisation rate make credit score higher. Never miss payment-lowers. Don't close cards - lowers. Don't have 0% utilsation - lowers + chance of them closing card CC2. Become an authorised user of an credit card for good credit score. (Can it be my sister and not my mum? - My mum has incredibly low credit score which I don't want affecting mine ) CC3. Manipulate your utilsation rate by paying the amount you owe before the statement day so on the statement date it says my utilsation rate is 7% and then pay that of before due date. (Can I use 70% of my limit then pay 63% before statement date bit by bit so it says my utilsation rate is 7%?) Real Estate I want to move out of my city and live in London and I heard of a term "House Hacking" which sounds exactly what i want to do but know very little about tax write off ,equity and other tax and mortgage stuff. Saving I'm going to build a 4 months living expense emergency fund and start putting money in a investing retirement account ISA where I invest into a index fund (S&P500 or Fidelty or Vangaurd) - First question I have is can I open these up when I'm 16 and if yes then another is do I need to have consistent income? Multiple stream of income I have heard most millionaires/billionaires have many streams of income. So to achieve this I am going to work so I am able to pay for initial investments and to start businesses. First income stream will be generated through my job which I will quit because I don't want to trade time for money for long. Second income source interest through saving account. Third source is investment, I want to invest in Forex (this is going to be a smaller part of my portfolio as its very risky and volatile). A bigger part of my portfolio is real estate. A lot of money is going to be in index funds. Lastly a scale able business (I don't really know a lot but would like to know a lot more.) Oh I forgot, I also want to be a youtuber and instagrammer as they have many benefits like affiliate marketing through links and they also get sent a lot through sponsorships. Please answer my questions using subheadings.
Moving to London from Canada (30y/o) and looking for the basics: bank account, phone plan, credit card, etc.
Greetings from /PersonalFinanceCanada ! I am looking to move to the UK in the coming months to live with my partner who is working in London. I am able to telework/remote work from the UK with my current Canadian job that pays in Canadian dollars. I have a work Visa for the UK, but am not looking just yet. The pay is good enough, even with the low dollar, high pound, to get by in London. I am hoping some of you can offer some words of wisdom to a financially prudent individual with little knowledge of the UK system. I am looking for a good cellphone plan (I already own a phone, just just a month-by-month or 1-year contract max), an easy bank to open that ideally offers a credit card that I can get with no UK-credit history (I have great Canadian credit history), and any other tips that may aid me in this move. So, for example, any promos from banks or credit cards that are work looking into? I also understand that there are more bills in the UK (property tax, water, heat, electricity, etc.) and many cannot be paid by credit card, but through a current/checking account. How does one best set up their finances for this? Since I'm paid in CAD$ not GBP, I will be transffering using TransferWise the basic amounts I need to get by in London for now, and perhaps using a no fee FOREX credit card for daily purchases. Thank you all! BONUS Q: anyone with knowledge of taxation across Canada-UK, please share. Given I'll be teleworking and paid in CAD$, the UK gov't wont even necessarily know I'm living there, but want to make sure I dont have to pay 2x the tax. :S
Transitioning from Big 4 audit to prop trading (UK/APAC)
I know it might sound weird for a risk averse auditor to transition to a job mainly around taking calculated risks, but unfortunately, it was from getting into audit that I realised how much I actually loved trading by trading part time while audit was full time. I've been trading for the past 3 years in Forex with a strategy which only this year became consistently profitable. This is why I decided it could be time to try for something bigger than just doing it as a side hustle. Education wise, it was a degree in accounting and MCs in Finance from Imperial with a dissertation based around Python and machine learning, (Fully qualified accountant too) but I guess it's still uncomparable to the STEM degrees which the prop firms seem to be looking for. Would love to get advice on whether I stand a chance if I were to apply to prop trading roles in London/APAC regions?
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It'd be terribly unwise to deposit money with an unregulated and basically anonymous entity, as a result of it would not be protected in any means. No matter where the cash finally ends up, this program is promising you impossible returns on investments, which in itself confirms that something is wrong. How it works Let’s end this Cash Forex Group review by explaining the essential principle of this investment program. It's a Ponzi theme that does no real economic activity. It just collects money from individuals and may pay out some profits, but the most recent clients’ deposits can be used for that. This will have an inevitable outcome, the system can sooner or later crumble. It's simply a matter of your time when there can be not enough deposits to hide withdrawals and also the inevitable end can Nobody has not been paid, that is NOBODY ….. after all you can't compound or upgrade your CFX account unless you withdraw (get paid) …. CFX are not regulated…. as a result of they use a Regulated broker (everfx) to trade…so that information is also incorrect…and judging by the actual members comments….I’d say, members are happy….. long might that continue. BUT, you must never place in more than you are prepared to lose (In SOMETHING). However do correct analysis, ask members, don’t rely on people that play safe and stay poor. Do your own due diligence. (ps MOST sites that decision each business out as a scam…have their own links…..promoting guess what ? ….tip. SCAMS ! Beware. https://www.cryptoerapro.com/bitqt/ http://www.cryptoerapro.com/ https://twitter.com/cryptoerapro https://www.instagram.com/cryptoerapro/ https://www.pinterest.co.uk/cryptoerapro/ https://www.facebook.com/cryptoerapro
Photo: Internet What is the European Union? The European Union (EU) is a political and economic union of 27 member states located primarily in Europe.EU policies aim to ensure the free movement of people, goods, services, and capital within the internal market. Due to EU countries having close economic and trade relations, the EU's establishment can effectively prevent wars. The EU has helped foster long periods of economic prosperity, and it's helped keep the region at peace. In 2012, the EU was awarded the Nobel Peace Prize. What is Brexit? Brexit(a portmanteau of "British" and "exit") is the withdrawal of the United Kingdom (UK) from the European Union (EU). Following a UK-wide referendum in June 2016, in which 52% voted in favour of leaving the EU, and 48% voted to remain a member, the UK Government, which was then led by Theresa May, formally notified the EU of the country's intention to withdraw on 29 March 2017, beginning the Brexit process. Why Britain left the EU? The appealing part of the EU was that it made it easier for European countries to share in one another's prosperity. But, as with any union, cooperation means weathering downturns together — and that hasn't always been so easy. For example, the 2008 financial crisis. Many economists agree that the European Central Bank failed to respond effectively, leading to a recession that was much more severe than it needed to be. Unemployment rose, and tax revenue fell. Banks needed bailouts, and debt in a number of EU countries soared. According to data from the UK Ministry of Finance, the UK paid 18.8 billion pounds to the EU in 2014, equivalent to 361 million pounds a week. After the financial crisis, worries about immigration, rising right-wing forces, split within the party, etc. Former Conservative Prime Minister Cameron finally promised that if he wins the 2015 election, he will hold a Brexit referendum. David Cameron to quit after UK votes to leave the EU. When might Britain actually leave the EU? UK left the EU on 31 January 2020, but that is not the end of the Brexit story. That's because the UK is in an 11-month period, known as the transition, that keeps the UK bound to the EU's rules. The transition (sometimes called the implementation period) will end on 31 December 2020. Top of the to-do list will be a UK-EU free trade deal. This will be essential if the UK wants to be able to continue to trade with the EU with no tariffs, quotas or other barriers after the transition. Both sides will also need to decide how far the UK is allowed to move away from existing EU regulations. Aside from trade, many other aspects of the future UK-EU relationship will need to be decided. For example, Law enforcement, data sharing, and security; aviation standards and safety; access to fishing waters; supplies of electricity and gas; licensing and regulation of medicines. Photo: BBC What will happen to the UK after the Brexit? In terms of economy, the UK, which has withdrawn from the European Union, saves 8 billion pounds (this amount of money is equivalent to 0.5% of the UK's GDP) every year it pays to the EU's finances. After Brexit, immigration policies can also be further tightened to free up more jobs and labor benefits. Finally, Brexit can get rid of the red tape of the EU (about 70% of the laws in the UK are governed by EU laws), for example, no longer implementing the EU's common agricultural policy. However, after Brexit, tariffs will inevitably increase, and these tariffs will be transferred to commodities. To make better profits, many companies in the UK will rush to run away. For example, Dyson has moved its headquarters from the UK to Singapore. Many established British companies have left the UK because of Brexit. The news that Japanese car company Honda announced that it would close its British plant even shocked Britain. Besides, the City of London carries 74% of EU foreign exchange transactions, 40% of global Euro transactions, 85% of EU hedge fund assets, and half of EU deposit insurance. After Brexit, London's dominance in the foreign exchange market, including euro transactions, will decline. The current international order is the best since World War II, but Brexit shows how to make all countries truly unite and help each other, humankind still has a long way to go. After the Brexit, there will be more influential in the financial market in the future. TOP 1 Markets will keep an eye on it with you. https://preview.redd.it/ic5tdpzgh1n51.png?width=686&format=png&auto=webp&s=e4b46fa72fb484475b7743c2ced235f0d8a0493e https://preview.redd.it/j5bm785jh1n51.png?width=686&format=png&auto=webp&s=1c15796b88ef4a93354587c545d4c3cd67891040 For more information please download “TOP 1 Markets” at APP store or google play. https://play.google.com/store/apps/details?id=com.top1.trading.forex.commodity.cryptocurrency.indices top1markets： https://itunes.apple.com/my/app/id1461741702 top one： https://itunes.apple.com/tw/app/id1506200136
How are you supposed to day trade forex on the NY/London crossover if you start work early in the morning. Considering the next crossover is very early in the morning(like 2-3am). Who is going to stay up that late to trade when work is early the next morning? I’m asking this question to understand how quitting your day job(ex. 9-5) can be done when work interferes with the crossover!
Dollar resumes advance ahead of jobs data on renewed U.S.-China tensions
This is the best tl;dr I could make, original reduced by 59%. (I'm a bot)
LONDON - The U.S. dollar rebounded whilst other major currencies weakened on Friday after President Donald Trump took steps to ban transactions with the Chinese owners of two popular mobile apps. The U.S. dollar is rebounding after a persistent sell-off in the past few weeks on the back of a combination of rising U.S. coronavirus infections, a steady decline in Treasury yields, and a lack of consensus in Washington over additional fiscal stimulus. The U.S. dollar strengthened even though data on employment in the United States is expected to come in weaker, but with expectations being so low, any surprise to the upside would push the dollar higher, analysts said. "It's easy for the U.S. dollar to find reason to appreciate again," Reichelt said. The resurgent dollar is showing that any shift in investors' appetite for risk can quickly revive demand for the U.S. currency. The dollar is at its most oversold level in over 40 years, investment bank Morgan Stanley said on Friday, adding it had now shifted from its dollar-bearish stance and turned "Tactically neutral" on the U.S. currency.
Summary Source | FAQ | Feedback | Topkeywords: U.S.#1dollar#2currency#3Bank#4Friday#5 Post found in /news. NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
Worked in finance since out of Uni in the pensions area, want a change of career, not sure what the fuck to do now..
Long story short, been working for 6ish years out of Uni (28 now) in the defined benefit pensions area, was the best offer I got as I did arts (econ/psych) and didn't know what the fuck I was doing. Very dry work, never really hated it per se, but wasn't really passionate about it, but it paid decent (started 30k and now 50-55k) Slowly got more and more bored until it finally got the better of me and the boredom basically made it unbearable. I quit my job and travelled around for 6 months, tried my hand at equities/options trading. Didn't blow up the account, but pretty much made fuck all above minimum wage from it. Did the whole matched betting for some extra pocket money (after singup bonuses you maybe have a few months befor getting gubbed on things like the horse/2UP bonuses) while I tried to figure out what I really enjoy. .and the sad thing is..I don't even fucking know. I didn't mind the excitement of trading, but in reality you actually have to sit there for ages not taking anything until your 'edge' appears, its also shit hours because the most liquid market, the US, doesn't close until 9pm here. Fuck forex. I don't really like sell side equities research/not really interested in doing the CFA. I kinda wouldn't mind financial planning because I quite enjoy talking to my parents and family/friends about saving/investing (and not doing all the stupid things I've done) plus it at least has some crossover to my work experience. Things like helping people out if they want ot transfer their pension to Australia or NZ through QROPS. The frightening thing is outside of the literal basic as fuck things as enjoying TV/movies, some sport, and travelling, I have no idea what I'd enjoy doing for the next 32+ years. I have enough savings to probably try and work it out for another few months while I shovel money into the London rental blackhole. Maybe I should try learning a language, although at Uni I did shit at French. Somedays I wonder, am I somehow slowly getting depressed? But when I go out and talk to friends and do social things with the GF I feel fine. Thanks for anyone reading this ramble so far. If anyone has any tips on how to do the whole find what you love and enjoy doing' without the eat, pray love travel shit I've tried, please let me know. TL;DR Worked in pensions, bored as fuck, spent 6 months trying to find out what I enjoy, still no fucking idea other than vaguely talking to people and giving them advice.
22 year old friendship ruined, need your thoughts....
I'd love some perspective on a recent story that's bothering me. Any and all perspectives welcomed. In August last year an old friend (we're 38 now and 16 when we met) had been doing a guidance ritual with his mum who is trained to be a shaman… she gave him LSD as part of the ritual- and I haven't tried it so I don't know what it's like. Anyway, for some reason I contacted him out of the blue the next day when he was still feeling some of the effects. He told me that he loved me, probably always had and it had been a long time coming. I was really surprised, but it was lovely. On some level I'd always felt like that about him (I denied it a lot over the years) but really didn't think that he would ever say or feel something like that. In that convo he said I'd make a great girlfriend and he'd be lucky to have me, I was really smart and lovely but intense and opinionated. Also, that ironically he thought he'd missed his one chance at happiness with me (you can understand the ironically part when you know the backstory). He said I was beautiful and he was stupid for not being completely in love with me. He said he was sure we'd known each other in past lives. I was very touched by all of this because I adore him but I took it with a pinch of salt, and tried to find out if it was just a fleeting feeling. But he also said that his life is on a dark path, and that in this lifetime he is only meant to suffer, maybe he'll be dead by 50 and we should see each other in the next life. He said he has huge issues (lots of drink and drugs of many types), is also very intense, and I'd never be able to handle the up and down of his lifestyle. I got the feeling that he was having those thoughts about loving me for the first time right then, so I asked him if he’d felt like that before, or just that night. And he said he’d thought it the last time we spoke when I’d interviewed him for a book a couple of years previously. But I didn’t get the impression he’d really felt like that when we were younger. I checked a month or 2 later if he remembered what he said because I thought maybe he had just been high. He said he thought he remembered everything he had said, and said I wasn't very nice for not believing him, so I was really happy and decided to go and see him. Fast forward a couple months to after Christmas - I hadn't been to see him yet- but we’d been messaging and sending photos. For Christmas, his mum had bought him a tarot card reading with a chocolate ritual with a shaman or a psychic lady, and he was sharing with me that he'd done it and that it said his head was really messed up. He seemed quite upset. So me being 5% moron, my nervousness and excitedness had returned (I was always very, very nervous around him when we were young) and I made a joke he really didn't appreciate, offering to shoot him in the head if he wanted (I was trying to lighten the mood, and also we seemed to be getting a bit more gentle, intimate and less jokey in the way that we were talking to each other, which freaks me out. He's much sweeter than he used to be, and it kind of makes me freeze up a bit). Well! Bang. It was like I stabbed him in the chest or something. It seemed to instantly remind him of all the things that annoy him about me, and after 5 months being really sweet he went cold on me. Really, really cold. From there I got very confused and kept making worse mistakes because I got nervous, and kept trying to fix it. I sent him some long, weird email which I’m sure made things worse. I also posted something on Facebook which made it look like I was chatting to other guys. All very silly. It's ridiculous. I'm an adult and am pretty confident these days. But suddenly I was really nervous again feeling like a kid and like there’s something terribly wrong with me. I arranged to go and see him for a few days in Tenerife, and before I went it was pretty tense between us and I couldn't tell if he wanted me to go or not- I did everything I could to try and find out if he actually wanted me to go or not- but he was his usual tight-lipped self. When I got there, he was very hospitable, apologized for being off-radar and showed me round, we went out to bars and the beach... We spent four days (before he had to go home to England) as a quasi-couple, and it was a very surreal experience. It was bizarrely intimate, sweet but tense, with someone I know very well... naked. For the first time I realised how peace-loving and gentle he is- which I never saw before. He can't stand a lot of the more boisterous things I do, which is fair, but ironically they're things I tended to do from nerves and trying to get his attention. I kind of got it after that- why he finds me so aversive sometimes, it's like we're stuck in a negative feedback loop, and he thinks I’m too harsh for his delicate constitution. Which, he might just be right about. In between the fun, laughing, joking, drinking, sex and bonding- of which there was lots and it was really nice - he was filled with sadness and depression, grumpiness, and a funny attitude from him that seemed to shout: "yuck, it's you, you're more like a sisteannoying irritation than a woman to me." He said that it was because his life was falling apart- and he was obviously very very depressed but trying to show me a good time and doing a good job of it too, I might add. But so many things pointed to the fact that he mainly just felt annoyed by me, found me totally unsuitable, and kind of pitied me, rather than feeling any love for me, and that he finds me generally very annoying. Wall up, blinds closed, aint comin' in. He also kept telling me about his lifestyle of drink and drugs and how everyone he knows is a junky or a crazy person. It felt like he was trying very hard to make me see reality and put me off him, or save me from him, or warn me, or see how I would react and if I would run. Or save himself from what he sees as inevitable hostility and rejection (as well as from me and how annoying I am). "Be careful what you wish for" and "curiosity killed the cat" seemed to be his repetitive catchphrases when I showed an interest in him. Apparently, his ex thinks he's a bastard, he would tell me. I think, ideally, if he could change me (he used to talk a lot about me doing DHT to rebalance myself) he would want to be in a relationship, because we enjoy each other’s company. But it could only work if he was tougher and I was less harsh. I think he sees these things quite clearly as they are – that he’s got a delicate constitution, and I’m far too frustrated by him to be delicate enough for things to work out. I’d soon get pissed off and ditch the situation, rather than sweep things under the rug and carry on from day to day in a carefree world of consumption- I just couldn’t do that. I’m a strategic future-planner. At one point we played some intimacy/trust game with lots of questions, and he loosened up a little... but the way he would answer questions like "Name 3 things you like about your partner" was like "well you ARE very caring" in the same way that someone might say "Well, Hitler WAS very spiritual." It's funny because in relationships I'm very soft in general, in recent years, but I do still get very harsh and frustrated when problems don’t seem solvable. But with him I just can't seem to relax and trust him enough to be soft with him at all, and he didn't give me a chance anyway. We just don’t trust each other- we’re not safe for each other. After I went home he checked in with me a couple times, which I liked. He tried to share some things with me that interest him, about quite spiritual or unusual subjects (trees being interconnected, aliens having been involved in human development, DHT, the memory of water… stuff that as someone who studied physics I don’t normally hear about, but I’m pretty open to hearing about them)- he's very soft and very chilled- doesn’t like stress at all. But every time I tried to dig a bit deeper and engage with him to see what it was about them that interested him - he completely ignored me. Didn’t try, nothing. Me trying to talk with him about the things he shared seemed to send the walls up and just bug him. Really really frustrating. It's like I couldn't do anything right. Particularly frustrating when he said he was trying to open up my mind- but then wouldn't connect or follow through. So, for a couple months, for the first time in 20 years I seemed to be chasing him. It's like he promised me something, judged me for being nervous and "annoying" and not perfect, and then instead of being understanding, he ran. Yikes. Eventually I got so confused I sent him screenshots of the conversation where he'd said he loved me and he didn't even remember it! He was shocked, blamed it on the drugs and mental illness saying that he was "not a well person." He said he was beginning to get the feeling that he'd "annoyed me" now, and that he sees me as a friend, and he didn't mean to piss me off. Then he changed the subject. He finished up that conversation by saying "we're on different paths and in different places", and he needs to sort himself out and that's that. The backstory goes like this… The first year we knew eachother he nicknamed me “TT” which meant “no tits and no teeth” (I had big gaps before I had braces). He used to do things like hit me on the butt with a stick and then I’d punch him and go nuts. He really took the piss out of me with his friends and girlfriends because I had a huge crush on him (he thought it was hilarious that I felt like I’d been struck by lightning when I first saw him). They used to put me on speakerphone and laugh. He was the only guy I ever asked out – which I did on his answer machine!! Ugh. So, yeah, really humiliated me actually and I’ve never asked anyone out since (thank goodness I’m a woman, haha). After that I had braces and turned into a social person who had lots of parties and friends. He started being really nice to me. But I didn’t forgive him very easily, and we had a big bust up and weren't friends for a year or so. I did a pizza leaflet with his phone number on it. And I banned him from my 18th birthday party to which all our friends were going, and he was pretty upset. I felt bad once when I saw him outside one of my parties on the curb holding his head in his hands saying “why does she hate me so much?” Well, deep down I loved the guy, but he’d humiliated me, so I guess there was a thin line between love and hate. I don’t know if that would have made him feel any better, but hopefully. From some point on, we made up and we always had great chemistry after that... we did things like hanging out and smoking some weed in his car together with other people, going out in London with our mutual friends, him giving me lots of lifts home from pubs and friends houses, me driving his car drunk and pretending I was going to crash it to wind him up (that was stupid and irresponsible). Looking back I think he kind of liked me at that point but was scared of me, didn’t know how to make a move as I had moved on and had given him such a hard time, but at the time I really didn't have a clue whether he liked me or not, I was always just very, very feisty and energetic around him (after all the humiliation I guess) so I could never be calm. Then we went to the same uni town, texted constantly for a year, and even then he said he thought we’d known each other in past lives. To my friends I gave him the nickname "my future husband", he asked me out in the cutest way by saying that if I had the guts and the inclination to go out with him, then we should go for a drink. I was soooo excited.. Well, we almost went out and then he dropped out of uni because of an argument with a lecturer or something. I honestly believe everyone has to follow their own path, so for me it was just sad for him that he had so much stress, and it was disappointing about the date. Our first kiss was when he came up to the uni town again and we did a pub crawl, and he seemed to want to go and sit somewhere and be sweet but I was too nervous so we just kept doing the pubcrawl and ended up spooning on a friend’s floor (just hugging and kissing). We almost went on a date in our home area but he cancelled without suggesting an alternative, and I got annoyed so he stopped talking to me- surprisingly easily- it’s like he has a very low threshold for any kind of angst, and isn’t able to soothe himself or the other person, so just bails. Which, considering the fact that he creates a lot of angst-provoking situations means that he kind of expects to go through life without facing any consequences for his actions. Pretty frustrating for someone like me, who expects quite a lot of openness and honesty. We eventually hooked up once and he never called me after so after waiting for a while, I reluctantly moved on and ended up with someone else for 4 years. I have no idea how he felt about this, but a couple of small things surprised me and I wondered if he had actually felt more than I gave him credit for. I mean, that love confession blew me away, I wouldn't have thought for a moment that he had been harbouring any thoughts like that about me, I thought for him it was all a big joke and meant nothing, so maybe he did feel something other than annoyance for me when we were younger. It's hard to tell as he's been with a lot of women, is very tight-lipped and doesn’t put himself on the line, or take any risks at all. But in those days I was always so nervous around him that any signs would have just gone completely under the radar anyway. A few years later, after lots of traveling, he popped up working in the office down the hall from me at this random summer job I took and we started emailing lots. He seemed disappointed with how life was not as exciting as he'd expected. Then he disappeared one day- he was living with his ex at the time (very lovely girl) and I was with the same guy (the 4 year one). A few years after that we were back hanging around in the same social circle until everyone, including him, moved abroad, and eventually, so did i. It was funny, I would always be able to talk to him if I was upset about, say, moving to uni or something. It didn't happen often but a couple of times. Most of this he probably wouldn't even remember because I think he's been with a lot a lot of girls. He has low self-esteem, apparently. He thinks he has bad luck with women even though women adore him (he's exceptionally easy on the eyes. He’s beautiful actually)- and according to a mutual friend of ours, when he was a teenager he always worried that no decent women would want someone like him. Recently (in the past 15 years, which isn’t so recent, lol) we didn't really hang out much but we became more normal adults. I went down quite a dry academic path and got a BSc in physics with astrophysics and an MSc in clinical research, and ended up stuck in a corporate job I hated until I quit to become a writer, whereas he had more balls than me and did what he wanted much earlier- becoming an entrepreneur trading stock, gold, Forex, imports and exports... at times making a fortune and at other times going bust and beating himself up for it, but always finding something new to try, which I think's pretty damn cool (but try convincing him of that). It's pretty normal for entrepreneurial people to have ups and downs in their success-levels I think, but he seems to judge himself very harshly. The last couple of years he’s been making more money than I’ve ever been able to shake a stick at! I really don’t think he should feel ashamed at all (which he seems to), I think he should feel proud that he’s so dynamic. Good for him. He’s awesome. The only thing I wish is that he had heavy enough emotional armor that he could deal with more difficult situations without bailing. Anyway. Over the years I stopped being super into him and we had a nice, pretty normal friendship -we chatted sometimes on messenger and would always have nice chemistry when we saw each other. He's been trying to arrange a visit for about 10 years or so between the various countries we've been living in (we're both expat people and he wanted to come see me in Madrid and Amsterdam when I lived there, then he wanted me to go seem him in Tenerife for a few years) and I've avoided it, as although I wanted to see him I was scared of a casual fling with him as it’s not what I wanted, and I really don’t like that kind of thing anyway (tried it once or twice thinking I could handle it and I was being all “modern” and cool and everything – because I think I’m a bit old fashioned deep down - but I got emotionally attached and then end up hurt. So now I accept myself for who I am- someone who doesn’t really like flings or casual stuff, but someone who is into monogamy. Whoops! How very boring and unfashionable, and I don’t give a shit. Rayyyy for the love. Whoop whoop.). A couple years ago I interviewed him for a book I wrote about ADHD entrepreneurs. His lifestyle was pretty cool making a lot of money through affiliate marketing and living near the beach in hot sunny Tenerife in an apartment with a pool. But he seemed to think that he sucked for some reason (everyone else seems to think it's pretty darn cool). He said that when he grew up he was under a lot of pressure and that it seemed to have messed up his head. He said that to do well in life you need to do what you want to do, because if you listen to other people you are only going to be messed up. When he was on LSD he said that he had thought he loved me during that interview. This year, his life as an expat abroad basically fell apart as the affiliate marketing scheme crashed and he had to move home to live with his parents, which has brought him really, really down into depression. He said he keeps being told he is going to end up working in McDonalds, and being reminded of the fact that he’s almost 40, and this seemed to be weighing on his mind. It sounds like a lot of pressure. But anyway, for about 5 months after the conversation when he was on LSD he opened up to me, and he was really lovely to me. It was so nice. I guess it was because I was more relaxed and the main thing I wanted was to check up on him and see that he was ok. I didn’t have an agenda to see if he would be a match for me or anything like that- I was just really worried about him. So maybe he felt safe enough to relax. I said that I always imagined that we would end up as platonic roommates when we were 50 and I would make him sandwiches and listen to all his funny antics – which he thought was cute. Actually, I really did like that idea- because it would take away the underlying obligations that a relationship brings that we couldn’t deliver for each other. And friendship is what relationships turn into anyway. For my part, it's really disturbed my sleep for months since I came back from visiting him. Now after trying to message in a friendly way during the coronavirus quarantine (er, I am very very bored) and being annoyed by his total lack of supportiveness, I've recently just told him that I don't want to be friends any more. Too painful. He says I have anger issues and I think he sees himself as an innocent victim. Actually, if I'm honest, I've been pretty angry at a lot of people for a few years, so, maybe he has a point. I guess I'm being a bit selfish. It's not really fair expecting anything from a self-confessed depressed, unwell person. He's "in his pit of despair" as he calls it for 6 months and he has zero interest in me. I'm utterly irrelevant to him. He's snippy, rude, ignores me, and then seems to offer a little bit of an olive branch in the smallest of ways. Excuse the really long story, would be interested in any insight people have on this situation, particularly with respect to how you think he feels and why he acts the way he does. If I feel like I understand this situation then hopefully I can stop thinking about it, because for the past 10 years I've just had the odd nice thought every now and then about him- and would like that to become the status quo again.
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Generations of international students have come to the UK for their education, which means that British universities have decades of experience in working with international students. In other words, you’ll get the red-carpet treatment from the time you start applying until you walk across the stage for your degree. Two major organizations can help you find out what you need to do to study in the UK as an international student. The British Council can work with you on every aspect of applying to university, find which university fits your needs, and get ready to come to study in the UK. The Universities and Colleges Admissions Service can also help you to apply to institutions across the UK as well. Services we Offer: Flying overseas can be daunting if you haven't had the experience before. So, we at Ramsons try to make the experience as calm as possible. The services we offer include Course and Institution Selection, Immigration, Overseas Accommodation, Airport Pickup, Work Permits, Foreign Exchange, Visas, and Travel Insurances. • Course and Institution Selection • Immigration • Overseas Accommodation • Airport Pickup • Work Permits • Foreign Exchange • Visas • Travel Insurances Visas Once you receive your Admission Letter from your desired university and arrange your funds to study abroad, you can apply for the student visa. Getting a student visa is quite challenging as a lot of documentation is involved in the process. Moreover, every country has a different set of requisites so it’s essential to be well acquainted with the visa requirements of the country you want to study in. An in-depth understanding of the process of applying for the student visa can help you plan and be rest assured of completing the process with precision. Here’s where we can help you, we are the leading study abroad consultants in India. Our Visa Services
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Worked in finance since out of Uni in the pensions area, want a change of career, not sure what the fuck to do now..
Long story short, been working for 6ish years out of Uni (28 now) in the defined benefit pensions area, was the best offer I got. Very dry work, never really hated it per se, but wasn't really passionate about it, but it paid decent (started 30k and now 50-55k) Slowly got more and more bored until it finally got the better of me and the boredom basically made it unbearable. I quit my job and travelled around for 6 months, tried my hand at equities/options trading. Didn't blow up the account, but pretty much made fuck all above minimum wage from it. Did the whole matched betting for some extra pocket money (after singup bonuses you maybe have a few months befor getting gubbed on things like the horse/2UP bonuses) while I tried to figure out what I really enjoy. .and the sad thing is..I don't even fucking know. I didn't mind the excitement of trading, but in reality you actually have to sit there for ages not taking anything until your 'edge' appears, its also shit hours because the most liquid market, the US, doesn't close until 9pm here. Fuck forex. I don't really like sell side equities research/not really interested in doing the CFA. I kinda wouldn't mind financial planning because I quite enjoy talking to my parents and family/friends about saving/investing (and not doing all the stupid things I've done) plus it at least has some crossover to my work experience. Things like helping people out if they want ot transfer their pension to Australia or NZ through QROPS. The frightening thing is outside of the literal basic as fuck things as enjoying TV/movies, some sport, and travelling, I have no idea what I'd enjoy doing for the next 32+ years. I have enough savings to probably try and work it out for another few months while I shovel money into the London rental blackhole. Maybe I should try learning a language, although at Uni I did shit at French. Somedays I wonder, am I somehow slowly getting depressed? But when I go out and talk to friends and do social things with the GF I feel fine. Thanks for anyone reading this ramble so far. If anyone has any tips on how to do the whole find what you love and enjoy doing' without the eat, pray love travel shit I've tried, please let me know. TL;DR Worked in pensions, bored as fuck, spent 6 months trying to find out what I enjoy, still no fucking idea other than vaguely talking to people and giving them advice.
I was going through old emails today and came across this one I sent out to family on January 4, 2018. It was a reflection on the 2017 crypto bull market and where I saw it heading, as well as some general advice on crypto, investment, and being safe about how you handle yourself in cryptoland. I feel that we are on the cusp of a new bull market right now, so I thought that I would put this out for at least a few people to see *before* the next bull run, not after. While the details have changed, I don't see a thing in this email that I fundamentally wouldn't say again, although I'd also probably insist that people get a Yubikey and use that for all 2FA where it is supported. Happy reading, and sorry for some of the formatting weirdness -- I cleaned it up pretty well from the original email formatting, but I love lists and indents and Reddit has limitations... :-/ Also, don't laught at my token picks from January 2018! It was a long time ago and (luckliy) I took my own advice about moving a bunch into USD shortly after I sent this. I didn't hit the top, and I came back in too early in the summer of 2018, but I got lucky in many respects. ----------------------------------------------------------------------- Jan-4, 2018 Hey all! I woke up this morning to ETH at a solid $1000 and decided to put some thoughts together on what I think crypto has done and what I think it will do. *******, if you could share this to your kids I’d appreciate it -- I don’t have e-mail addresses, and it’s a bit unwieldy for FB Messenger… Hopefully they’ll at least find it thought-provoking. If not, they can use it as further evidence that I’m a nutjob. 😉 Some history before I head into the future. I first mined some BTC in 2011 or 2012 (Can’t remember exactly, but it was around the Christmas holidays when I started because I had time off from work to get it set up and running.) I kept it up through the start of summer in 2012, but stopped because it made my PC run hot and as it was no longer winter, ********** didn’t appreciate the sound of the fans blowing that hot air into the room any more. I’ve always said that the first BTC I mined was at $1, but looking back at it now, that’s not true – It was around $2. Here’s a link to BTC price history. In the summer of 2013 I got a new PC and moved my programs and files over before scrapping the old one. I hadn’t touched my BTC mining folder for a year then, and I didn’t even think about salvaging those wallet files. They are now gone forever, including the 9-10BTC that were in them. While I can intellectually justify the loss, it was sloppy and underlines a key thing about cryptocurrency that I believe will limit its widespread adoption by the general public until it is addressed and solved: In cryptoland, you are your own bank, and if you lose your password or account number, there is no person or organization that can help you reset it so that you can get access back. Your money is gone forever. On April 12, 2014 I bought my first BTC through Coinbase. BTC had spiked to $1000 and been in the news, at least in Japan. This made me remember my old wallet and freak out for a couple of months trying to find it and reclaim the coins. I then FOMO’d (Fear Of Missing Out”) and bought $100 worth of BTC. I was actually very lucky in my timing and bought at around $430. Even so, except for a brief 50% swing up almost immediately afterwards that made me check prices 5 times a day, BTC fell below my purchase price by the end of September and I didn’t get back to even until the end of 2015. In May 2015 I bought my first ETH at around $1. I sent some guy on bitcointalk ~$100 worth of BTC and he sent me 100 ETH – all on trust because the amounts were small and this was a small group of people. BTC was down in the $250 range at that point, so I had lost 30-40% of my initial investment. This was of the $100 invested, so not that much in real terms, but huge in percentages. It also meant that I had to buy another $100 of BTC on Coinbase to send to this guy. A few months after I purchased my ETH, BTC had doubled and ETH had gone down to $0.50, halving the value of my ETH holdings. I was even on the first BTC purchase finally, but was now down 50% on the ETH I had bought. The good news was that this made me start to look at things more seriously. Where I had skimmed white papers and gotten a superficial understanding of the technology before FOMO’ing, I started to act as an investor, not a speculator. Let me define how I see those two different types of activity:
Investors buy because the price is less than the value they see in the investment. Speculators buy because they think that someone will pay more in the future than they are paying now.
Investors trade on information (The white paper was really well-written, had a clear technical advantage over other alternatives, and addresses a need that I can understand and value.) Speculators trade on sentiment. (Buy the rumor! Sell the news!)
Investors usually look at the investment and themselves and can describe why they purchase in those terms (ABC-Coin provides (service) that isn’t addressed yet and matches (requirements) for an investment.) Speculators usually describe why they bought something in terms of how other people think (I think that other people think that the price will rise, so I want to get ahead of that.)
Investors don’t necessarily check the price every day. The can, and very often I do, but it isn’t required because fundamentals don’t often change on a dime. Speculators need to be glued to a price feed, because sentiment very often changes on a dime.
Investors like ideas, people, business plans, and market opportunities. Good ones are like Spock. Speculators like trends. They are tribal.
Investors have a longer time horizon than speculators. In cryptoland, the notion of a “longer” time horizon is still laughably small (months) compared to traditional markets, but it certainly isn’t weeks or days or hours, which is whre speculators often live.
So what has been my experience as an investor? After sitting out the rest of 2015 because I needed to understand the market better, I bought into ETH quite heavily, with my initial big purchases being in March-April of 2016. Those purchases were in the $11-$14 range. ETH, of course, dropped immediately to under $10, then came back and bounced around my purchase range for a while until December of 2016, when I purchased a lot more at around $8. I also purchased my first ICO in August of 2016, HEAT. I bought 25ETH worth. Those tokens are now worth about half of their ICO price, so about 12.5ETH or $12500 instead of the $25000 they would be worth if I had just kept ETH. There are some other things with HEAT that mean I’ve done quite a bit better than those numbers would suggest, but the fact is that the single best thing I could have done is to hold ETH and not spend the effort/time/cost of working with HEAT. That holds true for about every top-25 token on the market when compared to ETH. It certainly holds true for the many, many tokens I tried to trade in Q1-Q2 of 2017. In almost every single case I would have done better and slept better had I just held ETH instead of trying to be smarter than Mr. Market. But, I made money on all of them except one because the crypto market went up more in USD terms than any individual coin went down in ETH or BTC terms. This underlines something that I read somewhere and that I take to heart: A rising market makes everyone seem like a genius. A monkey throwing darts at a list of the top 100 cryptocurrencies last year would have doubled his money. Here’s a chart from September that shows 2017 year-to-date returns for the top 10 cryptocurrencies, and all of them went up a *lot* more between then and December. A monkey throwing darts at this list there would have quintupled his money. When evaluating performance, then, you have to beat the monkey, and preferably you should try to beat a Wall Street monkey. I couldn’t, so I stopped trying around July 2017. My benchmark was the BLX, a DAA (Digital Asset Array – think fund like a Fidelity fund) created by ICONOMI. I wasn’t even close to beating the BLX returns, so I did several things.
I went from holding about 25 different tokens to holding 10 now. More on that in a bit.
I used those funds to buy ETH and BLX. ETH has done crazy-good since then and BLX has beaten BTC handily, although it hasn’t done as well as ETH.
I used some of those funds to set up an arbitrage operation.
The arbitrage operation is why I kept the 11 tokens that I have now. All but a couple are used in an ETH/token pair for arbitrage, and each one of them except for one special case is part of BLX. Why did I do that? I did that because ICONOMI did a better job of picking long-term holds than I did, and in arbitrage the only speculative thing you must do is pick the pairs to trade. My pairs are (No particular order):
I also hold PLU, PLBT, and ART. These two are multi-year holds for me. I have not purchased BTC once since my initial $200, except for a few cases where BTC was the only way to go to/from an altcoin that didn’t trade against ETH yet. Right now I hold about the same 0.3BTC that I held after my first $100 purchase, so I don’t really count it. Looking forward to this year, I am positioning myself as follows:
ETH will still be my core holding. It is the “deepest in the stack” crypto investment that I have. “Deep in the stack” is a programming term that gets at the idea that most software is built on other software. If you just think about your notebook, you have your OS, and programs run on that. But even inside the OS there is a stack. The bottom of your stack is the kernel, and on top of that are the drivers, protocols, and other layers that allow the programs to talk to the OS, the hard drive, the screen, the mouse, your printer, etc. You can change your mouse or printer easily. Changing things deeper in the stack becomes harder and harder. ETH is deep in the crypto stack, so is very hard to dislodge – Around 60 of the top 100 cryptocurrencies by market cap run on top of Ethereum, so getting rid of Ethereum is something that would take a long time to do.
DNT, QTUM, ZRX, and OMG are all, to varying degrees, “deep in the stack” tokens that, once established, will be very hard to dislodge.
That said, I am peeling away some of my holdings into USD right now, because big changes are afoot and they are going to cause market disruptions. I’m going to come right out and admit that this is speculative, but I’m also going to back it up with some non-speculative facts.
The SEC has been sending out hundreds of subpoenas to cryptocurrency organizations over the past 3-4 months. These subpoenas are simply asking for information and nobody has been charged with any crimes or misdoings, but it is clear that the SEC is getting together information so that they can begin to regulate cryptoland. When that happens, other countries will follow, and that means:
Some tokens will be deemed outright scams and people will be prosecuted.
Some tokens will be deemed securities and will be regulated.
Some tokens will not be deemed scams or securities and will continue as they have.
Looking at this, it is clear to me that the tokens that escape prosecution and regulation should do better, but the short-term impact will be brutal and ugly. It would not surprise me at all to see a 50% drop in overall market cap within Q1-Q2, with Q1 being more likely.
Cryptoland has always been a bit nuts, but it is more nuts now than I have ever seen it. Back in 2011-2014 it was a freaks-n-geeks show where people were all about the technology and I would sit around for a 3-day weekend installing a *nix VM on my Windows machine so that I could compile the most recent source and run a CUDA SHA-256 routine rather than thrash my CPU. If that doesn’t make sense to you, you wouldn’t have even thought about being involved.
Now, people see Bitcoin advertisements in their Facebook feed and think “I gotta get on the BTC train!” before going to Coinbase and buying some with a credit card. They don’t know anything about crypto, and they are getting eaten alive – It is no coincidence that BTC peaked after the Thanksgiving holidays when people sat around the table and Janice got Uncle Mike and Cousin Bob all excited as she talked about going to Cancun for Christmas because of her crypto winnings. Huge amounts of fiat got transferred from newbies to BTC whales during this period, and once the whales were done, BTC had dropped from $20,000 to $12,000. It’s now back at $15,000, but for people who bought at a higher level, this sucks. As a result many have moved from BTC to ETH, with the single biggest money flow in crypto in December being the BTC à ETH flow. As a result, it’s no coincidence that ETH is at all-time highs now. The thing is, though, that even most people that moved from BTC to ETH really have no idea what they are doing. They are acting on buzzwords and emotion. They are speculators and are going to get crushed.
The stock market is quite high right now, but people are starting to worry that it is too high and that we are going to enter into a period of inflation again. This has caused gold to go up a lot the last quarter and is likely also responsible a bit for the rise in cryptos. If this view is correct, then cryptos stay stronger than if that pressure wasn’t there. If wrong, then cryptos will swing down as money exits cryptoland for more traditional markets.
I am spending most of my time and money on the arbitrage effort. The nice thing about arbitrage is that it works as the markets go up, and it works as the markets go down. When markets are too volatile, however, arbitrage can get very messy and dangerous, with each trade generating a loss instead of a profit, so I am working right now to tune the algorithms to take into account rate-of-change and add in some circuit breaker triggers. Once this is done I will expand those operations.
I am getting much more serious about systems security.
I have a Nano Ledger and recommend that anyone with >$1000 of crypto have one. The Trezor is also supposed to be good, but I haven’t used it.
I will set up a dedicated *nix notebook that is used for nothing except my crypto work. All it takes is one keylogger to get on your PC/Mac and your crypto is gone. What is on your Nano Ledger will be OK, but they will sweep out your exchange account or Coinbase account faster than you can type. A standard Linux installation with Chrome and nothing else is as about as secure as you can get in the civilian world.
If you don’t use LastPass or a similar password manager yet, you need to do that. Your password to LastPass should be at least 16 characters long and should not have a recognizable English word in it. If you think that “Iluvu4evah” is a secure password, you’re wrong.
Hackers know that “4”=”for” and “u”=”you”. Writing a script to substitute those in is trivial if they want to write the script, but it’s much easier for them to download one of the many, many programs out there that already do this.
If your password contains any string of numbers from anything that can be associated with you at any time in your life, it is insecure. Take those numbers out of the character count because they are an insignificant barrier to cracking your account.
The good news is that you probably won’t be targeted, but if you ever mention online that you are doing anything significant in crypto, that chance increased enormously.
*Never* talk with *anyone* about how much you have in crypto. You’ll notice that I haven’t here. There is no reason to tell even a family member how much you have unless you are sharing a tax form. Sure, you may trust them, but all it takes if for someone to overhead someone else mention at a party that a relative got into crypto a long time ago and made a bunch of money. That person can also then be subjected to the $10 hack and force you to send all your crypto to them.
Your password to LastPass (Or equivalent.) should look something like this -> 6k0jQMoziX&D#4W8
Yes, it’s a headache. Imagine your headache, though, were you to open your account one day and find all of your money gone.
Looking at my notes, I have two other things that I wanted to work into this email that I didn’t get to, so here they are:
Just like with free apps and other software, if you are getting something of value and you didn’t pay anything for it, you need to ask why this is. With apps, the phrase is “If you didn’t pay for the product, you are the product”, and this works for things such as pump groups, tips, and even technical analysis. Here’s how I see it.
Technical analysis (TA) is something that has been argued about for longer than I’ve been alive, but I think that it falls into the same boat. In short, TA argues that there are patterns in trading that can be read and acted upon to signal when one must buy or sell. It has been used forever in the stock and foreign exchange markets, and people use it in crypto as well. Let’s break down these assumptions a bit.
i. First, if crypto were like the stock or forex markets we’d all be happy with 5-7% gains per year rather than easily seeing that in a day. For TA to work the same way in crypto as it does in stocks and foreign exchange, the signals would have to be *much* stronger and faster-reacting than they work in the traditional market, but people use them in exactly the same way. ii. Another area where crypto is very different than the stock and forex markets centers around market efficiency theory. This theory says that markets are efficient and that the price reflects all the available information at any given time. This is why gold in New York is similar in price to gold in London or Shanghai, and why arbitrage margins are easily <0.1% in those markets compared to cryptoland where I can easily get 10x that. Crypto simply has too much speculation and not enough professional traders in it yet to operate as an efficient market. That fundamentally changes the way that the market behaves and should make any TA patterns from traditional markets irrelevant in crypto. iii. There are services, both free and paid that claim to put out signals based on TA for when one should buy and sell. If you think for even a second that they are not front-running (Placing orders ahead of yours to profit.) you and the other people using the service, you’re naïve. iv. Likewise, if you don’t think that there are people that have but together computerized systems to get ahead of people doing manual TA, you’re naïve. The guys that I have programming my arbitrage bots have offered to build me a TA bot and set up a service to sell signals once our position is taken. I said no, but I am sure that they will do it themselves or sell that to someone else. Basically they look at TA as a tip machine where when a certain pattern is seen, people act on that “tip”. They use software to see that “tip” faster and take a position on it so that when slower participants come in they either have to sell lower or buy higher than the TA bot did. Remember, if you are getting a tip for free, you’re the product. In TA I see a system when people are all acting on free preset “tips” and getting played by the more sophisticated market participants. Again, you have to beat that Wall Street monkey.
If you still don’t agree that TA is bogus, think about it this way: If TA was real, Wall Street would have figured it out decades ago and we would have TA funds that would be beating the market. We don’t.
If you still don’t agree that TA is bogus and that its real and well, proven, then you must think that all smart traders use them. Now follow that logic forward and think about what would happen if every smart trader pushing big money followed TA. The signals would only last for a split second and would then be overwhelmed by people acting on them, making them impossible to leverage. This is essentially what the efficient market theory postulates for all information, including TA.
OK, the one last item. Read this weekly newsletter – You can sign up at the bottom. It is free, so they’re selling something, right? 😉 From what I can tell, though, Evan is a straight-up guy who posts links and almost zero editorial comments. Happy 2018.
You have a chart in front of you, a buy and sell button respectively, this basically gives you 50% of probability that if you open a buy or sell at any time your action will end up making money after sometime. "Sometime" adds new variables to the game and makes it more complicated: is knowing the direction for sometime, the market needs to move to increase profit or increase loss. You then go into the volatility reports for lets say EURUSD, and you see that during London session and New York session, it's the time where price statistically moves more, so there is where you want to be if you want to day trade (open and close trades in the same day), this can be also noticed if you zoom out for example M5 of almost any pairs, volume will be bigger in this two sessions. Ok so you have statistics of at what times it may move big, you also know that it may not move or it may range the whole day, but definitely there is going to be big moves. If you analyse the past, with only for example a 30 MA, you will see the 50/50. What else do you need? To be in most of the times you are humanly able following the trend, if price is averaging over any average you want and see useful to add, why would you bet that is not going to average oveunder it for some more time? Add a 1000 MA, what if you waited for each cross and traded it trend following? Here then comes a "must": money management = risk = stay in the game for long = you can lose multiple times and long term it's hard that you even lose 10% of your account. Start with the minimum risk, demo in 0.01. Why? If you can consistently win with 0.01 it's just a matter of optimizing the statistics your demo trading over time has thrown, money will come, lots of it, the amount your confidence as a trader can bear and ultimately because trading is so big and involves almost all of the aspects of your life and personality, your confidence as a human being can bear. But this is skipping to psychology. So, volatility, an average of some x periods to get the trend (not of the market but of the x periods in relation to the market and time, x is important, x can't be 2000 in M5), money management and time to play. What else? When will you close the trades? There are multiple ways each one with pros and cons, price crossing the average (too slow sometimes), price hitting fibos (gotta have a method for plotting fibos the same time each time, check the "Do it yourself" section, 61.8 a.k.a 0.618 and 61.8, god made numbers), being this last one the one I like. Price plays with these levels, nothing magical about it, is just "nature", a forgotten and violated term these days IMHO. There it is, when to open with probability, when to close methodically, how to play your money so you last as long as you don't fail too much repeatedly. This results after studying Ralph Elliot's, W Gann's, Wykcoff's, Pesavento's, Gartley's, Carney's and some others WAY TO LOOK AT THE MARKET. They all found structure in price actions over time, they all understood natural patterns that occur, they all sat in front of some charts, used or created tools for handling those charts, in the end everything is so simple and easy that our minds, past, maybe present, the t.v, Instagram won't lets us succeed. Why? Your mind is your biggest enemy of what you want to do in life. How? Your past in someway defines you, defines what you are looking for in life. Psychology, establishment and relativity. Mark Douglas introduced me (in his videos) to a new way of thinking towards trading. He speaks about beliefs, how they drives us in each decision we make each day from as simple as making coffee, having a bath, dressing nice or dressing in the first place. Beliefs are what makes your past define you today and tomorrow if you keep believing them. A wrong belief of yourself, a wrong belief of the world outside your eyes, a wrong belief of the market (you keep trusting other people about the market, in the end after loosing you trust no one), this leads to what lot's of gurus outside the financial world, will say: trust in yourself. Forex gurus tell you to trust them, pay them so they'll unveil the secrets. No money can change your wrong mindset, that feeling in your chest each time you think about possibilities with Forex (euphoria, dangerous as f not only in forex), that belief that some magical indicator will come, some hidden code of some pro advanced indi if you are more realist, some guy with the answer. You are very alone in this world my friend, money will tear countries apart, cities apart, families apart. People will sell their face for some money, their name, in the end corrupt politicians that don't get caught will enjoy their feasts everyday, with their innocent childs, who see their daddy as their hero, this is not a fair world, what's fair in the first place? A human creation so we can live together in peace, but that's not reality we all know. We are evoluted chimps, we still feel what the cheetah feel's in front of his prey, we share 90% of DNA with most of mammals, as intelligent as we like to think we are, we can't delete our nature, our hunger, our fear, our needs, our instinct (the one rushes adrenaline when you know you are losing too much), because deep inside we all know whats right or wrong, the difference between people is whether you hear that voice, or you shut it with a nicer version. 90% of people in forex (not real statistics, the real number varies from broker hmmm brokers another shady topic), prefers the nice version long term, which results not profitable basically. It's your version (you + all gurus you've seen) not the version the market shows and the deep-you tries to alert. I headed far from an important topic: gurus telling to trust them, a killer market killing you, lots of misinformation around the WWW and you not believing in yourself. What else do you have to face the markets? You are in a triangle: broker (not so hard to get a nice one), market and yourself. Everything else is a lie until the person who is in any way selling you stuff, shows you his profitable record of more than 6 months in any financial instrument, that you look at yourself in the mirror and you can say I trust him, not I want to trust him (even if it's some of each, but hey everything involves risk). LOOK AT THE CHARTS. Want to have "fast money" (intraday), look M1 to M30, even H1 for a bird's view, optimize your profitable and consistent demo results to that market; want to look charts once a day, trade D1, I'd say you don't even have to look at something bigger as it is big enough and you can go to H4 or H1 for finesse entries (can become a vicious circle, how much finesse is finesse?). It's all about trust, confidence and a good plan. Psychology of yourself is so vast, and so unique to each person that I would dare to say that if you are looking for the answer outside of you, you better befriend a trader who is today making money and pray that he literally gifts you his confidence (not his knowledge even if it can help, hi will be sharing his confidence). Your social mind will spawn the hype, the euphoria, you will succeed for a while, market will kill you sooner or later, you will help the market to kill your account. Why? Because your confidence wasn't real, it may be that that day, that week the market moved nicely, or you felt strong and super. How many gurus go live and say "hey today, as a human being, I don't feel great, I would not trade today?" none. They say market is not right ATM, cherry picking, they totally exploit that you can't go inside their screens and really know them, here comes the version you want to believe, you will tell yourself anything, you will tell anyone anything. Here to finish, I'll say that consistency in anything in life starts from yourself. If you can't be consistent everyday with yourself for a long period of time, you will find temporary jobs, temporary stuff, you will keep jumping from gurus, from strategies, you will create better versions on your head, just imagine what version a guru must have created to go and sell forex related stuff instead of searching for how to kill the markets, he may be doing both, in the end none of that will give you anything, you will end up being the stair to the gurus goals. Try to comprehend how human we are, how arrogant we are from a farmers perspective, how or evolution results in our minds plays us tricks, to think the government is real, to think there's order, justice, to think that we can achieve huge things with the help of YouTube videos or paying another human being, the market is flow, manipulation is real (why call it manipulation when you would be doing the same in their shoes(big boys)) is part of the nature of anything you plot with Y and X axis (look for a graph of population changes, harmonics, double bottoms, double tops, in a population changes graph? how can that be?), it may be a cliche but is aaaaaaall an illusion guys, the truth is not good business for the other side of the trades. See you on the other side. "I'll be a big noise with all the big boys"
New Study Shows Just How Unprofitable Day Trading Is If you were to scan the marketing materials of most retail brokers, it wouldn’t take long to find claims that trading can help you quit your day job and achieve financial freedom. Alternatively, they’ll say that trading is hard at first but, if you study enough, then you’ll start making money in the not so distant future. A new study of day traders in Brazil has shown that this is almost certain to be total nonsense. Three academics, two from the Sao Paulo School of Economics and another from the University of Sao Paulo, undertook a comprehensive analysis of options and futures day traders in local equity markets. London Summit 2019 Launches the Latest Era in FX and Fintech – Join NowSuggested articles B2Broker Offers New Trader’s Room Clients Free IB ModuleGo to article >> The academics looked at just under 20,000 new traders and found that, over time, they lost more and more money. Of those that traded for a single d..... Continue reading at: https://www-financemagnates-com.cdn.ampproject.org/c/s/www.financemagnates.com/forex/analysis/new-study-shows-just-how-unprofitable-day-trading-is/amp
印网友评论：印度归国学子：印度可以从中国学到的经验 ZT by 学姐的头 on 2014-04-08
-------------译者：观棋柯烂-审核者：chen_lt------------ kshay Kumar, 25, knew his journey would be tough. But he thought he was prepared. Kshay Kumar, 25岁，他知道自己的旅途会很艰难，但他认为他已经做好了准备。 In 2012, after an engineering degree and a oneyear stint with a multinational, Kumar felt he needed a makeover. "I didn't want to be stuck with civil engineering all my life. I also wanted to see the world and explore new options," he recalls. Doing an MBA from a premier institute was on his mind. 2012年，在取得工程学位并为跨国公司服务了一年后，Kumar觉得他需要一个转变。“我不想被土木工程套牢一生。我也想看看这个世界，探索一下新的机会，”他回忆道。在一个高等学院读MBA的想法浮现在他的脑海里。 He did think of the Indian Institutes of Management (IIMs) and the Xavier School of Management, but the desire for global exposure pushed him to explore options overseas. Kumar settled for a oneyear post-graduate course at the Imperial University in the UK, which he financed via an education loan. "Visa rules and the bleak job market there did weigh on my mind. But I had a feeling I could manage it," he says. He had confidence in Imperial's good global ranking, its alumni network and his own hard work. 他也考虑过印度管理学院（IIM）和泽维尔管理学院，但是对于全球视野的渴望促使他探索海外的机会。Kumar接受了位于英国的帝国大学的一年期研究生课程，其资金来源为助学贷款。“英国的签证规则和惨淡的就业市场确实在我脑海中权衡过，但我有一种感觉，我一定能够应付得过来，”他说。因为帝国大学在全球的优秀排名、其校友关系网以及他自己的努力，他充满信心。 Kumar began his hunt for a job virtually from the day he landed in the UK. He studied hard to get good grades but worked even harder to find a good job. By tapping into networks of his alumni, friends and family, Kumar reckons he would have reached out to over 200 firms during that year. "It didn't work. My good grades made me eligible for plenty of jobs, but my non-European Indian passport was the problem," he shrugs. Kumar一来英国就开始寻找工作。他努力学习以取得好成绩，但更努力去寻找一份好工作。通过发掘他的校友、朋友和家庭的关系，Kumar估计在那年他接触了超过200家企业。“这没有用。我的好成绩让我满足了许多岗位的条件，但我非欧洲的印度护照是个问题，”他耸了耸肩。 Kumar moved back to India late last year and has just landed a job with a private equity firm. "All my plans have been delayed by five years," he says. Close to half his salary today goes in paying monthly instalments on his education loan. Kumar去年底回到了印度，在一家私人股权公司工作。“我的所有计划都被推迟了五年，”他说。他每月要用现在将近一半的薪水来偿还助学贷款。 -------------译者：图特腾-审核者：chen_lt------------
The World isn't Flat 世界不是平的 The West has a problem. Its economy is in a funk, not enough jobs are being created, cautious companies aren't hiring too many, and worried governments — from the US to the UK — are raising visa barriers for foreigners to work in their countries. 西方已经出现问题。它的经济陷入一片混乱，不能创造足够多的职位，谨慎的公司不会聘用过多的职员，焦虑不安的各国政府——从美国到英国——正在增加签证壁垒以阻止外国人在他们的国家工作。 Young Indians, who went overseas for education, are facing a tough time finding a job. Many like Kumar have returned home. And some are now casting the net wider — looking for jobs from the US to Hong Kong and Singapore — or settling for sub-optimal options. Rupa Chanda, professor, IIM-Bangalore, who has worked on reports on international student mobility, says visa and immigration is the biggest factor affecting Indian students' decisions. 海外求学的年轻印度人正在面临找工作的艰难时期。像Kumar一样，许多人已经回家。他们中一些人正在通过更大范围的求职网——从英国到香港、新加坡来寻找工作；或者妥协于较次的选择。印度管理学院（IIM）班加罗尔分校的Rupa Chanda教授曾在研究国际学生流动性的报告中指出，签证和移民政策是影响印度学生做出决定的最大因素。 The US, the UK and Australia — the three most popular destinations for Indians seeking global education — have seen the number of Indian students come down over the past few years (see Out of Favour?). Remember, many Indian students take hefty education loans to finance their studies abroad. While many would find decent jobs back in India that would not help much as these students need dollar salaries to comfortably service their loan. This is taking its toll. "Overseas education is costly. Many Indian students are doing a cost-benefit analysis to figure how to recoup their investments overseas and putting off their plans ," explains New York-based Rahul Choudaha, chief knowledge officer, World Education Services (WES), a non-profit organization that provides credential evaluations for international students planning to study or work in the US and Canada. 美国、英国、澳大利亚，印度人寻求全球教育的最火的三大目的地，已经发现印度学生数量在过去几年持续下降（或者三大目的地已经不受青睐？）。记住，许多印度学生都背负着高额的教育贷款来资助他们的海外求学。虽然回到印度他们都能找到体面的工作，但是这些都没有太大的帮助，因为学生们需要一份用美元支付的薪水来帮助他们更轻松的偿还贷款。这就是造成的影响。“海外教育非常昂贵，许多印度学生都正在进行成本效益分析，以找出如何收回其海外投资，推迟他们（去海外就读）的计划，” 坐落于纽约的世界教育服务中心的知识总监Rahul Choudaha解释道。 这一非营利性组织为准备在美国和加拿大学习或工作的国际学生提供认证评估。 But to be fully able to understand how this trend will play out, one must understand the backdrop. A big generational shift is taking place among the students looking for overseas education. Many of them now are India's liberalization children, who have grown up post-1991 and lived in an increasingly global world with fewer barriers. 但是要完全理解这种趋势是如何产生的，就必须要了解其背景。一个大的世代转变正发生在寻求海外教育的学生中间。如今的他们许多都是印度自由的一代，成长在1991年后，生活在障碍更少的全球化的今天。 So in many ways this is their first brush with a world with barriers. Many are also children of globetrotting well-paid senior corporate executives who think differently about education, exposure and investing in a world-class education. "These parents understand the long-term rewards of a world-class education. I see many of my friends taking their children to these top campuses after they pass out from school to give them a first-hand feel," says Hema Ravichandar, strategic HR expert and a former HR head of Infosys. 所以从许多方面来说，这是他们第一次面对来自世界的阻碍。他们中也有许多是环游世界的、对教育、经历以及投资世界级教育有着不同看法的高薪企业的高管们的小孩。 “这些父母明白世界一流教育的长期回报。我看到我的许多朋友带着他们的小孩去顶尖的校园，让小孩们领略这些高等学府给他们的切身感受，”战略人力资源管理专家、Infosys 公司前人力资源主管 Hema Ravichandar说道。 -------------译者：dragonilove-审核者：chen_lt-----------
Woes on Foreign Shores 身处海外的痛苦 Both of Ravichandar's children have studied overseas. Her daughter, Aditi, is doing her MBA from Wharton in the US and her son Nikhil, 22, completed his Bachelor's in economics from Warwick in the UK. Nikhil chose the UK over India because of the flexibility available in picking courses — he wanted to do economics with law which was impossible in India with its rigid course structures. "Education in India is not very research-driven and multicultural," he adds. Ravichandar'的两个孩子都已经在国外留学。她的女儿，Aditi正在美国的沃顿商学院读MBA而她22岁的儿子Nikhil已经在英国的华威大学完成了经济本科学习。Nikhil之所以选择英国而非印度是因为英国大学在课程选择上有更大的灵活性——他既想要修经济学又想要修法律，而这在具有严格课程结构的印度大学是不可能的。他还说，“在印度的教育并不是由研究来驱使的，也不够文化多元性”。 But during his stay there, the UK revoked the two-year work permit for foreign graduates. Thus he needed a firm job offer to stay on after graduation. This was difficult since he was particular about the kind of work. "I wanted a job in economic consulting," he says. Unable to get that he preferred to do a postgraduate programme instead. While he did not take any loan, for many of his classmates, who had taken a hefty education loan, things were difficult. 但是就当他在英国学习时，英国取消了留学生毕业后的两年工作签证，因此Nikhil需要一份工作从而能够在毕业后留在英国。由于他对工作的特殊要求这显得有些困难“我想要一份有关经济咨询的工作”Nikhil说。若不能获得这样的工作，Nikhil宁愿继续读研究生。由于Nikhil没有像他的同学那样申请沉重的助学贷款，事情开始变得困难了。 Now, Nikhil is back in India getting some interesting exposure at a few start-ups in Bangalore, India's Silicon Valley. He is contemplating a startup of his own. "This is the best time to take the risk and explore it," he says. 现在 Nikhil 已经回到了印度并且在印度的硅谷，班加罗尔与一些新兴企业进行了接触。他正在考虑自己创办一个公司。“这是最好的冒险和探索的时候”他说。 Across the Atlantic, Sujoyini Mandal, in her 20s, offers another peek into the odds that Indian students face overseas. After her graduation from Jadavpur University, Mandal went to Singapore for her postgrad and worked with a think-tank there. Life was good but since she had always yearned for a degree from a world-class university, she applied for a Master's at Harvard's Kennedy School. 穿越过大西洋，20岁的Sujoyini Mandal展现了印度学生在海外遭遇的另一面。在她从贾达普大学毕业之后，Mandal去新加坡念了研究生并且在一个智囊团工作。生活过得很惬意，但是由于她希望获得世界一流大学的学位，她申请了哈佛肯尼迪政治学院。 For two years, she deferred her admission as she did not get any financial aid. She saved some money and, with a bit of aid, finally took the plunge in 2011. Foreign students in her college face an education loan cap of $30,000 ($15,000 a year), she says, making things even more difficult Mandal started looking for a job when she graduated in May 2013. But mandates that fitted her needs and aspirations were not easy to come by. She did land a contract with the World Bank but that was short term, uncertain and had no medical cover. Last month Mandal finally landed a job with an investment bank. 两年来，由于Mandal没有获得任何经济援助，她一直在延迟入学时间。在存了一些钱并且一些援助之后她最终在2011年入学了。Mandal说，她所在学院的留学生面临30000美元（15000美元每年）的贷款限额，这使得情况变得更加困难。Mandal在2013年5月毕业后开始寻找工作。但是适合她的需求和期望的职位并不那么容易获得。她确实已经和世界银行签订了合约，但是那是短期的，有不确定性，也没有医疗保险。最终在上个月Mandal在一家投资银行找到了一份工作。 Despite such struggles, there are many reasons why the pursuit of overseas education among young Indians is unlikely to die down any time soon. 尽管面临这么多挣扎，但仍然有很多其他原因让印度学生想去海外留学，短期内这种趋势是不会消失的。 -------------译者：长太息兮-审核者：chen_lt------------
The Demographic Bulge 人口膨胀 Every year, around 800,000 Indian students reportedly go overseas for their education. This costs the country close to $15 billion of forex annually, estimates industry lobby Assocham. If students are going overseas for education, it's because India has a problem of both capacity and quality. The country has one of the world's largest education infrastructures: 600 universities and 34,000 colleges with 17 million students enrolled and 5 million students graduating every year. But India is also witnessing a demographic bulge — it has perhaps the world's largest young population. Experts estimate that some 100-million-odd students will seek higher education over the next decade. 据报道,每年大约有800000名印度学生出国留学,，据印度工商业联合会估计这将耗费每年近150亿美元的外汇。学生们出国留学是因为印度不管是在教育容量还是教育质量上都有问题。印度的教育基础设施是世界上最大的教育设施之一，600所大学和34,000学院每年接受1700多万新生并输出500多万毕业生，但是我们也正见证着印度人口的爆炸性增长，印度或许有着世界上最庞大的年轻人群，专家估计在未来十年里，将有一亿多的学生寻求更高的教育。The capacity problem is compounded by the quality issue. About 70% of the capacity in India is of poor standards. At the other end of the spectrum, competitive intensity at the premier colleges is so stiff that it is often easier for bright students to get admission in Ivy League colleges in the US and the UK than in the IITs, IIMs and even top colleges in Delhi University. 教育能力和教育质量上的问题是相互关联的。大约70%的印度教育处较低的水准，而另一方面，印度一流学院的竞争激烈且死板，以至于对聪明的学生来说，进入美国或英国的常春藤大学要比进入印度理工学院、印度管理学院、甚至德里大学里好的学院都容易得多。 All this coincides with the rise of India's aspirational upper middle class. Over the past two decades, many first-generation Indians have risen up the corporate hierarchy and are financially well-off. These welltravelled, financially stable corporate executives desire the best for their children. "They are looking for the best educational experience. They know it is a life-long asset. Indian premier colleges do not have the capacity and are very rigid," says TV Mohandas Pai, chairman, Manipal Global Education. Pai's son studied at Stanford University in the US and now works for a start-up in Silicon Valley. 这些现象与印度上层中产阶级不断上涨的雄心壮志密切相关。在过去的二十几年里，许多第一代移民创立了自己的事业，相当富裕。这些经济稳定，见多识广的公司高管希望把最好的东西给予他们的子女。Manipal全球教育主席 Mohandas Pai说他们在为孩子寻找一流的教育，这是孩子一生的财富，印度的一流大学不能给予这些而且这些大学要求过于死板。他的孩子曾在美国斯坦福大学学习，现在在硅谷工作。 This aligns well with the global trend of rising international mobility of students. According to Institute of International Education (IIE), since 2000, the number of students leaving home in pursuit of higher education has increased by 65%, totalling about 4.3 million students globally. What is more interesting is that the share of students from the developing countries in this pie is rising — it moved up from 54.8% to 69% between 1999 and 2009. 这个现象与世界范围内学生国际间流动增强的趋势是一致的。IIE的研究表明，自2000年以来，学生为了获得更高的教育出国的数量增加了65%。全球总计约430万。更有趣的现象是发展中国家的学生所占的份额正在增加---1999年到2009年间从54.8%增加到69%. -------------译者：*河蟹*员-审核者：chen_lt------------
India vs China 印度对比中国 Not surprisingly, the world's two most populous and powerful emerging countries — China and India — send the largest number of students overseas. But China has rapidly shifted gears to overtake India. 让人毫不惊讶的是，作为世界上人口最多、经济发展最快速的这两个国家向海外派遣了最多数量的留学生。但这方面中国很快就超越了印度。 Consider what's taking place in the US. In 2000-01, India topped the list of international students by country, with 66,836 against China's 63,211. But by 2009-10 China had overtaken India. In 2012-13, China sent 236,000 students; India was nudging the 97,000 mark. While the number of Chinese students has been growing in double digits of late, that of Indian students has been sliding. To understand why that is happening, it is important to analyze the profile of students going overseas from both the countries. 2000-2001年，美国的外国留学生中印度学生是最多的，66836人，而中国学生为63211人。但是在2009-2010年时，中国超越了印度。2012-2013年，中国向美国派遣的留学生 已经达到236000人；而印度才逼近97000人。近来，中国留学生人数呈两位数增长，而印度方面则一直在下降。要想了解这其中的缘由，就有必要分析一下两个国家的留学生的一些基本情况。 Chinese students going to the US are evenly split between undergraduate (40%) and postgraduate programmes (44%). But Indian students are heavily skewed towards postgraduate programmes (55%) with just 13% at the undergraduate level. Indian students are also unique as over 60% are in the STEM (science, technology, engineering, maths) category. Bear in mind that historically, postgraduate and STEM programmes offer more financial support than undergraduate and non-STEM programmes. 中国留学生去主要去美国接受本科教育项目（40%）和研究生教育项目（44%），比较均衡。而印度学生去美国主要接受研究生教育（55%），本科教育只占13%。60%的印度留学生学的是理工科。从历史上来说，研究生以及理工科教育项目比起本科教育项目和非理工科教育项目在资金上会给留学生提供更多的帮助。 "The decline in Indian students is directly related to the 'Strivers' , who have been putting their plans on hold due to increasing cost of studying abroad which in turn was triggered by economic uncertainty and currency devaluation," says Choudaha. “印度留学生的下降与”奋勉族“群体相关（根据全球教育服务处的研究，指的是资源少的发奋者），这个群体由于海外留学费用的增加导致他们搁置了自己的留学计划，而经济不稳定以及货币贬值引发了海外留学成本的提高，”Choudaha说。 A majority of Indian students arrives at the Master's level and funds education by taking loans as financial aid from colleges has dried up. So, while the majority of Indian students go for education loans, Chinese students are supported by their families. According to a research by WES, 47% of Indian respondents report loans as one of the primary sources of funding as compared with only 3% of Chinese. 大部分的印度海外留学生取得了硕士文凭，但由于学校助学金的萎缩，他们不得不通过贷款来完成学业。所以大部分印度学生是通过贷款来完成学业的，而中国留学生则靠父母支持。根据全球教育服务处的一项研究，47%的印度回馈者说贷款是他们完成学业的主要手段之一，而这么说的中国学生只占3%。 Chinese students, in contrast, are "explorers" (experience seekers), says Choudaha. Often the only-child of financially well-off parents, they have the financial wherewithal to study abroad and are under less pressure to find a job there. But change may be afoot. Some Indian students could make the transition from 'strivers' to 'explorers' and Choudaha expects more and more Indian students — most of them children of well-off senior executives — to go overseas at the undergraduate level. Not so dependent on financial aid, he also sees many more Indians exploring new interdisciplinary fields, beyond STEM. Even in the STEM category, experts feel that Indian students will be the biggest beneficiary as the Obama government eases rules for this critical segment in future. 对比来说，中国学生是“探险族”（追求体验一族），Choudaha如是说。通常是富裕家庭的独生子女，所以留学的钱不用愁，也没有太大的压力去找工作。但情况可能会有所改变，一些印度学生有可能从“奋勉族”向“探险族”转变，Choudaha预测说将有越来越多大多来自印度富裕家庭的学生到海外接受本科教育。他们不会太依靠助学金。他还说越来越多印度学生除了理工科外还涉及了新的跨学科教育领域。即使是在理工科类别中，专家们认为随着奥巴马在未来放宽这个类别的规定，印度学生将成为最大的受益者。 -------------译者：thekstyy-审核者：chen_lt------------ Lessons from China 中国榜样 Two decades back, China faced problems similar to those India faces today — its higher education had both capacity and quality issues. Since then China has worked hard to upgrade its educational institutions. It has two programmes — Project 211 and Project 985. The former aims to make 100 Chinese universities world class in the 21st century; this will help China churn out world-class trained professionals to push economic growth. These universities are expected to set national standards for education quality that can be replicated by others. 二十年前，中国面对的问题如同今日印度面对的问题——高等教育在质和量上的不足。从那时起中国努力升级发展他们的教育机构，其中包涵了211工程和985工程。前者旨在创造21世纪的世界级名牌大学，这会快速培养出大批的专业人才，有效推动其经济发展。这些大学被期望于发展可供借鉴的全国性教育质量标准。 Project 985 started more than a decade back and is an attempt to build China's own Ivy League colleges in the 21st century. In the first phase the project included nine universities. The second phase, launched in 2004, includes 40-odd universities. The projects have been backed by significant investments. According to a New York Times report, China is investing $250 billion a year in human capital. 985工程开始于十多年前，意在创造21世纪中国自己的常春藤校盟。工程第一阶段包括了九所大学。第二阶段在2004年启动，新增四十所大学。这项工程受到了大量投资支持。据纽约时报报道，中国为人力资源发展一年就投资了2500亿美元。 The dragon country's efforts are now bearing fruit. Many Chinese universities are climbing up the global ranks. Two Chinese universities have made it to the top global 50 in the Times Higher Education report. India has none. In the top 500, 16 Chinese universities make the cut against seven from India. Mobile international students are taking note. A decade back, China was hardly on anybody's radar. 龙之国度的努力现在已经开花结果，很多中国大学都跻身入全球排行榜。泰晤士报高等教育刊报说两所中国大学成功挤入全球最佳大学前五十名。印度一个名额都没。在全球前五百名大学中中国有16所，完胜印度的七所。国际学生们都注意到了中国的巨大变化，而十年前，中国大学几乎不被关注。 Today, it is the third largest education hub in the world after the US and the UK with 3.28 lakh international students, according to IIE. By 2020, it hopes to host 500,000 international students. Even Singapore is targeting 1.5 lakh foreign students by 2015. In contrast, India was home to just 27,000 international students in 2012. China is aware that to push innovation and realize its economic ambitions, it must be able to attract top talent — in its colleges and workforce. 据国际教育学会数据，现在中国拥有32万八千的外国学生，是仅次于美国和英国的世界第三大教育中心。到2020年，这一数字可能变为50万。即使小国新加坡也有在2015年达到15万外国留学生的目标，而印度在2012年却只有2万七千外国留学生。中国已经意识到，若要推动创新和实现他的经济腾飞，就必须吸引来高端人才——在大学和职场上。 Also, in virtually every key statistic, the world today is seeing a shift from the West to the East. From economic GDP to consumption power, MNCs across the board are looking at Asia and the world's two most populous nations. This shift is happening demographically too. But in the education space, the West still dominates. 从每一个关键数据都能看出，实际上世界中心正从西方转移到东方。亚洲国家，特别是世界两大人口大国国民生产总值和消费能力的提升吸引了所有跨国公司的目光。这种转变和人口有关，但是在教育方面依然是西方占主导地位。 Of the world's top 100 universities, 46 are in the US. Seven of top 10 universities are in the US. Asia has just 11 in the top 100. "It is difficult to replicate what US has done with its universities to 2emerge as an innovation hub," says Pai. So, ambitious and aspirational Indians will continue to look overseas for education. But if India has to realize its potential, it must invest heavily in building world-class institutions in the country — the China way. 世界前100名大学有46所位于美国，前十名有七所是美国的。亚洲在全球大学前一百名中只有11所。“美国通过大学而转变为创新中心的成功是很难被复制的，”派说。因此，有理想有抱负的印度人会继续寻求海外教育机会。如果印度想发掘自身潜力，他必须学中国那样，大力投资于建设世界一流的国内大学。
); background-color: rgb(243, 241, 242); color: rgb(255, 255, 255); background-repeat: no-repeat no-repeat; ">评论翻译: -------------译者：长太息兮-审核者：chen_lt------------ Skhey Mobile (Gurgaon) 22 Hours ago Foreign degree is no more a guarantee card for success. 外国文凭已经不再是成功的保证了 Neil M (pune-mumbai) 22 Hours ago Finding a good university and a good course is important. I know many guys select short courses which are not recognized world wide and specially in India find it difficult to get a job. Also, dream america is not true for everyone. All the best to seekers. 找一个好的大学和好的专业是十分重要的，据我了解一些人选择了一些短期的课程，这些课程并不在世界范围内被承认尤其在印度会发现很难找到一份工作。并不是每个人的美国梦都能实现。祝追梦者好运 Rajesh Thambala (Hyderabad, India) 23 Hours ago Very informative article. 十分有意义的文章 Partha (Bangalore) 1 Day ago Nice Article. Much Appreciated 很好的文章，表示赞赏 SAMAD (India) 1 Day ago right choice.... 正确的选择 Tempcool Mukhopadhyay (India) 1 Day ago An excellent article. Appropriate and very well timed. Issue lies with inadequate job creation in India compared to passing out rate and all sorts of reservation quota for the "privileged" groups. Also unscrupulous marketing by planting misleading information by the education institutes of developed countries and their Indian agents. 一篇很棒的文章。写的正是时候。问题在于在印度创造的就业不足，而毕业生却不断增加，而且“特权”团体得到各种各样的预订配额。另一方面，发达国家的教育机构和其印度代理通过误导性的信息来是肆无忌惮的推销自己的教育产品。 Guramandeep Singh (Mexico) 1 Day ago 67 years after Independence, we are still stuck to providing reservation quotas in institutes of higher education. The recent Supreme Court order puts 27% reservation for OBCs which along with that of SCs and STs brings the total reservation to 49.5%. Here is the breakup of IIM-A seats: General 182 Non creamy OBC 104 ---- Schedule caste 58 ---- Schedule tribe 29 ---- Differently-abled 12 ---- Total 385 --- I have read various comments touching upon patriotism towards India to youngsters being crazy and the need to enlighten them. Reservation for a certain group is discrimination against the other groups. So ask yourself, is our system really fair? Should we not be looking at this objectively and trying to solve the root cause of the problem instead of commenting upon the phenomenon which is a result of a messed up education system at the behest of corrupt politicians? 已经独立67年了，我们的高等教育学院仍在坚持预定配额制度。最近，最高法院颁发命令27%的份额给“其他落后阶级”（OBC），同时给予“设籍种姓”（SC）和“设籍部落”（ST）一定的配额，所以总共就达到了49.5%的配额。对某一群体的配额预留其实是对其他群体的歧视。因此，扪心自问，我们的教育系统真的公平吗？相比于仅仅讨论因为腐败政客的命令导致的混乱教育系统的各种表象，难道我们不应该客观的看待并从根本上解决这些问题吗？ （译著：印度的预留机制指的是将政府机构中一定数量的空缺席位留给那些落后和代表人数不足的团体（主要通过种姓和部落来定义）的成员。相当于以配额为基础的平权运动。“其他落后阶级”、“设籍种姓”以及“设籍部落”是这项机制的主要受益者。 -------------译者：长太息兮-审核者：chen_lt------------ ILA (Chennai) replies to Guramandeep Singh 1 Day ago Dear Learned Singh. This article has nothing to do with reservation. Reservation is about affirmative action (in US parlance). Trying to give some sort of equal opportunity to people (98%) who were subjugated, denied education, and exploited by so called Forward Castes in India who constitute only 2% of the total population for millenium. This reservation is in vogue for only 60 years how can this equation be achieved in such a short span of time. Now the Forward Castes are slowly waking up and cramming for their share in the available piece of cake. If heat is felt for this itself then what should the subjugated feel for having been so for a millenium in the name of MANU SMRITIs laws? People who believe so are as you had rightly (?) pointed out are HYPROCRITS and prisoners of their own conscience. 亲爱的Learned Singh，这篇文章没有提到预留制度，预留制度是一种平权运动（用美国的说法）。它可以给被占2%总人口的高等种姓剥削了上千年，没有机会接受教育，占人口98%的低种姓人一定程度的公平机会，预留制度刚才实施了60年，在这么短的时间内绝对公平是很难实现的。现在高种姓的人正慢慢觉醒，开始狼吞虎咽的享用他们的份额。如果有些人对这种制度反应都如此激烈，那么在《摩奴法典》教义下过了上千年的被征服者又应该做何感想？反对这种平权运动的人都是伪君子和不道德的人。 RM (MN) replies to ILA 9 Hours ago Excuses, excuses. Sixty years after Independence you're still making excuses for a quota system that has made Indian education into a pile of rubbish. 呵呵，独立已经60年了，你还在为把印度的教育弄得一团糟的预留制度找借口 Athena (London) 1 Day ago It is Imperial College and not Imperial University. Perhaps ET must invest in better human capital! 那是帝国理工学院而不是帝国大学，或许《经济时报》应该加大人力资源投入了。 (Hyderabad) 1 Day ago Same thing happened with me as well like akshay kumar. I thought i am reading my story. 我和阿克夏·库马的经历很相似，我还以为在读我自己的故事呢 Nihar (Mumbai) 1 Day ago It completely depends on which institution a person is studying in abroad. It is not so that somebody got a degree in a well recognized institution in foreign and unable to get a job in India. So I request "The Economic Times" to provide a proper interpretation to the reader. 这完全取决于个人在国外的哪个机构学习。一个人得到国外著名机构的学位，却不能在印度找到工作 ，这是不可能的。所以我要求经济时报对给读者一个合理的解释。 kshi S (Bhopal) 1 Day ago coming to US was the worst decision of my life 来美国是我一生最错误的决定 -------------译者：旧西圆-审核者：chen_lt------------ B Venky Venky (Bangalore) 1 Day ago Very informative article. To have world class universities in India, the government should get out of the way. The quota raj in higher education has to stop. More and more private funds has to be garnered towards higher education by giving tax sops. But all this remains in the realm of fiction at the moment. 非常有教育意义的文章。印度如果想要建设世界一流的大学，政府就不能介入。高等教育的配额制度必须终止。通过给予税收方面的优惠，吸引更多的私人基金投入到高等教育中来。不过到现在为止，这还还都是痴人说梦。 ketan m (mumbai) 1 Day ago study there, work here. sounds great! 出国留学，回国工作，看上去不错！ thomas (india) 1 Day ago Yes, every Indian should go overseas for education - build up net work..learn how other s think..their style-quality etc. come back and start self employed business ... it will flourish. take example from china who are into A to Z of business and industries ,they make impossible happen...of course duly and completely supported by their govt.. 我同意，每个印度人都应该去国外接受教育，这样可以建立人际关系，了解别人的思维模式，健康的生活习惯等，然后再回国创业，这样国家才能繁荣。就像中国一样，在各行各业里他们都创造了不可能的奇迹，当然，也离不开政府部门适时的大力支持。 Saswata mandal (kolkata) 1 Day ago still every good student wants to go abroad.. why is it like that?? 为什么所有的好学生仍然都想着出国？ Nanda Kumar (Chennai, Tamil Nadu) replies to Saswata mandal 1 Day ago ET pointed it out already..Global Exposure! and Farther mountains always seem smoother :) 金融时报已经指出来了。。。他们希望能在国际上露脸！因为外国的月亮比较圆 ：） Anupam (Bangalore) replies to Saswata mandal 1 Day ago Quick money 想赚快钱呗 Mumbaikar (Mumbai) 1 Day ago It's not entirely the kids fault - some ambitious parents push out the kids too - 'we don't think there is a future here', they say. Now, some are stuck abroad and need to return home, as countries are on an economic downturn and/or are looking more inward now, . Complicated situation - but opportunities are here too, if you want to grab them. Not everything here is as bad as you may think. 不完全是孩子们的错，一部分雄心勃勃的家长们把他们的孩子推到了火山口。家长们总会说：”我们在这看不到未来。”现在，由于外国经济的不景气以及现在他们更看重本土的学生，留学生在国外没出路，所以只能回国。情况很复杂，但是如果你想要，国内同样有机会。国内情况并非你想象的那么糟糕。 Bharath Selvan Sukumaran (Chennai) 1 Day ago Good news for India. Let their knowledge be used for Indians in India 对印度来说是个好消息。他们学成之后可以回来造福印度人民。 jgsemig (Delhi110007) 2 Days ago what about large numbers of foreign students studying in India? How could IIM-B professor be so insensitive? In a global world does this mean that Indian educational Institutions have already thrown in their towels? Does it also mean that Universities like SAARC and others have no futures? 也有很多外国学生在印度留学啊。 为什么印度管理学院班加罗尔分校(Indian Institutes of Management) 的教授们这么愚钝。从全球范围来看，是不是这就意味着印度的教育机构已经宣布投降了？类似南亚区域合作联盟（South Asian Association For Regional Cooperation）这类的学校就没有前途了吗？ -------------译者：长太息兮-审核者：chen_lt------------ Sriram B (Bharat) 2 Days ago Learn Globally and be back to improve India. Just as they say wait till the last ball is bowled in a cricket frenzy country; do not lose hope till you have tried your hands on what you want to transform the country into. 出国深造回来为祖国效力，在这个痴迷于板球运动的国家里，就像人们所说的不到最后一球都不能言败；在尝试做一些让我们的国家变得更好地事情之前，也不要放弃希望。 Ajay Kumar (NYC) 2 Days ago Only the people who have earned admissions into Indian Universities based on reservations, face problems studying abroad, as they are looking for concessions always. People who have earned admissions throughout based on their capability and knowledge, do not face any problem. Such students do not come back. 只有那些依靠配额进入印度大学的人在出国留学学习时会面临问题，因为他们一直在寻求被特殊对待。而依靠自己能力和知识进入大学的人不会面临这些问题。这些学生也不会回国的 Ayush Jha (NOIDA) 2 Days ago Study in the US(OUT OF INTEREST in the field and/or spectrum, NOT parental pressure/peer pressure) , Work to repay the loans & then do your own startup in India. All the best :) 在美国学习（自己兴趣使然，而不是受到父母或者同龄人的压力），工作付清借款，然后在印度开始自己的事业，祝好运 ：） Mukesh Mishra (Haridwar) 2 Days ago It didn't work. My good grades made me eligible for plenty of jobs, but my non-European Indian passport was the problem," he shrugs. 他耸耸肩说：“没用的，我的成绩足够好让我可以得到很多工作，但是我的非欧洲的印度护照才是问题的关键。” Ashwani Kaushal (New Delhi) 2 Days ago righly said, getting an addmission in DU colleages are like dreaming in day time.... it is always good to go abroad and get certification and return back... but once the indian student get a better envoironment and facility abroad why they come back to corrupt indian culture, only few with family business background will come to share the same plateform with their parental company ....shamful for Indian corruption 说得对，要想进入德里大学无异于白日做梦。出国留学获得学位然后回印度总归是好的，但是，既然印度学生在国外有更好的环境和设施，他们怎么会回到腐败的印度呢，只有很少一部分有家族企业背景的人回国继承父母的产业，对印度的腐败感到羞愧。 Parthipan K (Chennai) 2 Days ago I agree with the fact that Indian Universities are not flexible. But intelligent students can acquire knowledge of any subjects of their own. So they should not blame Indian Universities. More over, not all institutes in abroad are of high standards. Even in Ivy schools, the standards are coming down like our IITs. My opinion is that if one works hard in Indian top universities, they can acquire global standards. Also all the premier institutes in US are putting their course material in the web and hence, by going thru them one can acquire high knowledge. 我同意印度的大学不够灵活。但是聪明的学生可以靠自己得到任何学科的知识。所以他们不应该抱怨印度的大学。另外，并不是所有的外国机构都有很高的水准，甚至常春藤大学也正下降到印度理工学院的水准。我想说的是，如果一个人在印度一流大学里足够努力，那么他可以达到世界级的水准。另外美国一些著名大学把他们的课程放在网上，因此通过网上课程我们可以得到尖端的知识。
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