P2P Bitcoin Derivative Trading Through the Blockchain: Equities, Bonds, Forex & Commodities
Research & ideas to use [Veritaseum's UltraCoin](http://ultra-coin.com/) **user programmable Bitcoin swaps** to trade exposures to cryptos, forex, equities, bonds & commodities through 45,000+ global tickers & up to 10,000x price leverage - peer-to-peer. Veritaseum's UltraCoin is a software concern that holds no client funds and is not a financial entity, hence presents you with no counterparty or default risk. [Download the client & tutorials](http://ultra-coin.com/index.php/download-beta)
Unathi Kwaza RT from mike schussler: Today I am happy to be informed by @BuddyWells1 that we are rich. SA has $58 trillion in forex reserves. That's R174 million for each man, woman & child. We can just all buy government debt at 8.5% and spend R1,4 million each year. @MagnusHeystek I see lots of...
how common are negative balances (i.e. debt) in forex?
does it depend solely on the brokerage? I cant find any brokerages that offer negative balance protection in Canada. Should I take the risk? I can't afford to lose more than I've invested in a trade. I am a broke college student. Please let me know. sidenote: im not looking to make real money just yet, just want to learn and gain experience on a live account so I'll probably start investing $100ish maybe 200 to see if I can at least make a profit.
12K in credit card debt, no savings or checkings. Forex problem
The past 3 years I have been losing money trading forex. I would make money for a week working, Say 800. So I would put 100 in, lose it, chase my losses, deposit another 200 etc. So over the years I have lost 30k trading. Fast forward today, I just blew my savings last night. I now have no money to my name and on top of that I have credit card debt of 12k. What are you supposed to do when you get late fees for not being able to pay your monthly bill? Also I have been hiding this debt and my trading addiction from my family, and friends but mostly my father who is going to kill me. How do I tell him I lost all this money without him losing his shit and whats the point even if telling him is not going to change the fact that the money is gone.
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