Trading Binary Options In MetaTrader 4 (MT4) | Binary Today

Discussion: YAwriters Demographic Survey Results

Over the course of several months last year, we asked you to take part in a demographic survey. We were curious because of a similar survey conducted at /writing and wanted to:
  1. Make sure we were repping/serving the community that's actually here.
  2. See whether the demos of the subs were the same or radically different.
This data was taken in Spring of 2014 and represents a snapshot of that particular time. Our sub has grown a bit, though it's reasonable to assume that the userbase hasn't changed radically. /writing currently has over 141,000 users, and we're just shy of 2,500.
Thanks to bethrevis for setting up the survey up and HUGE THANKS to smallfruitbat for crunching the data, which wasn't in the easiest format. She also made the lovely charts and graphs as well as a verbal walk through you'll see quoted throughout:
The 19-question survey had 176 respondents, giving a response rate >10% at the time of survey close. At that time, /YAwriters was capturing approximately 150 unique visitors a day and had a subscription base of ~1700.
When side accounts are considered, this suggests that the survey grabbed information from lurkers as well as regular contributors...In comparison, an informal survey covering similar questions in the /writing subreddit captured 793 responses in a default subreddit with >100,000 users, a response rate <1%.
HERE ARE YOUR DEMOGRAPHIC RESULTS
Not everyone answered every question, so you may see percentages change as blanks are omitted between data sets.
LOCATION
We’re a N. American based website and no surprise, N. American users are our largest userbase. But we also have a lot of Australians relative to population. Figs. 0. & 1.
For the record, the top 3 countries for overall Reddit use compared to population are: Canada 21%, USA 15%, Australia 13%. Source: http://www.redditblog.com/2013/12/top-posts-of-2013-stats-and-snoo-years.html
GENDER
Overwhelmingly female. Just shy of 70% w/ less than 1% identifying as non-binary, genderqueer, or other. Meanwhile /writing was nearly 69% male at the time of survey. Fig. 2.
Pretty much exact opposites [to /writing]. Response rate 99% vs 98%.
ORIENTATION
We also, forgive us, asked about sexual orientation. [96% response rate.] We don't have corresponding data from /writing but believe they skew predominantly or at least more heterosexual. This is an educated guess however. Fig. 3.
We are 36% LGBA and "not exclusively heterosexual" people. Interestingly this is an over-representation of these numbers in the general population.
AGE
We failed to ask for exact ages, especially for comparing trends but asked for general age ranges similar to those in /writing. Figs. 4. and 5. "Response rate 100%."
But we're definitely, on average, older.
We're older than writing.
EDUCATION LEVEL
You could make a case for better educated, too. More likely that the older members in YAwriters have graduated from high school and finished their degrees, however. Response rate 98% vs >99%. Fig. 6.
The YAwriters survey broke post-graduate degrees down further… The “associate’s degree” label was used for anyone who indicated a 2-year degree or trade school certification…We also have at least 1 MD and 2 lawyers among respondents. Response rate 98%. Fig. 7.
Another note about the education data: In terms of demographics, there is a huge difference between “still in college” and “attended college, but left without degree.” Since this was the second largest category, future surveys should differentiate between the two. “Did not complete high school” is another possibility…
Multiple degrees and specialties were reported… Another way of looking at it. Amongst those who went to college, liberal arts degrees are common in this sub. Figs. 8. and 9.
ETHNIC BACKGROUND
Apologies for asking such personal questions about race, gender and orientation but we felt it was necessary to make sure we’re serving folks the best and of course you were free not to answer. We also had an inkling that /YAwriters had a more diverse body of users than /writing. Here's what it looked like when those who had opted out were counted as their own category. Fig. 10.
[And a] recalculation that just treats "prefer not to answer" as "not part of the data set." I'm not quite that cynical. e.g. 20/100 prefer not to answer. Percentages are now recalculated from 80. 30% becomes 37.5%. Fig. 11.
With all the write-in answers, these seemed to be the best categories. 74% response rate. Fig. 12.
Another way of looking at it. Fig. 13.
Notably, among users who answered this question, 22% of POC identified as biracial. Plotting both races didn't significantly change graphs though. 74% response rate for this graph.
We have noted that we didn't give both enough or nuanced enough options on these questions and people of multiple backgrounds may have felt too many/not enough options applied. We apologize and will seek to correct this on the next survey.
A note on methodology here: You may see some differences in percentages between different graphs, purportedly of the same data. For example, “biracial” with no additional information gets counted in “POC,” but not in graph 12. Answers like “Jewish,” “haole,” and “Irish” were combined as “white.”
A surprising number of people answered “American,” “Californian,” etc. While I could calculate those entries as a weighted average of the demographics of those regions, or take the cynical route and assume they meant “white,” I lumped them into “prefer not to say” instead. California is 38% Hispanic, 36% White, 14% Asian, 7% Black, 2% Native American, btw. Yes, that’s more than 100%.
A 2013 Pew Internet survey found that Hispanic internet users were 2-3 times more likely to use Reddit than white or black respondents. You can read the Pew report here: http://www.pewinternet.org/files/old-media/Files/Reports/2013/PIP_reddit_usage_2013.pdf
PUBLICATION HISTORY
Users reported multiple types of publication history. Response rate 97%. Fig. 14
The caveat is that from the way the survey is worded, it's possible that fanfiction is getting counted as serialization. We'll seek to delineate this in a next addition.
Without a doubt, YAwriters users have shared their writing with a large audience. Fig. 15.
AMBITIONS
According to this chart, unpublished members should just keep writing, because they haven't caught up to the published folks yet. Fig. 16
Even as a write-in answer, “fun” was just as popular as “making money...” Fig. 17.
The majority of respondents want a large press to pick up their WIP, but will consider self-publishing if that doesn't work out. Fig. 18.
Career goals. Fig. 19.
There really wasn't an option suitable for enthusiastic people with a different career to focus on.
WORK HABITS
Wordcount: Fig. 20. "98% response rate."
Writing Frequency: Fig. 21.
Outlining: Fig. 22. We recognize there's room for error in phrasing. Next time we'll endevour to include plotters and pantsers. "98% response rate."
OPINIONS OF DIFFERENT PUBLISHING ROUTES
Large traditional presses were favored. Fig. 23.
Here are the average ratings, converted to a 5 star system. HUGE error bars though. Fig. 24.
No significant trend for ranking self-publication. Fig. 25.
Which is notable in that we might have assumed younger people would respond to it better. Nope.
People with graduate degrees rated self-publishing much higher than those in high school. Fig. 26
This would probably be a second surprise. Even though a lot of self-pubbers are very educated, one might wrongfully assume, older people with more degrees were more set on trad publishing. This doesn't appear to be the case.
Note:
Again, huge error bars associated with all of these rankings, so no good conclusions can be drawn. I rather thought the self-pub vs. education trend would be opposite though.
TL;DR So there you have it. It's an informal survey and our user base has grown, but the cautious results seem to indicate that YAwriters skews more female than /writing. We also suspect we skew more more LGBTAQ and POC than /writing though would need that data set from them to be sure. We're definitely older, on balance have more education, and are more widely published though both subs have probably failed to get specific enough about what published means exactly.
submitted by Lilah_Rose to YAwriters [link] [comments]

Getting Started

Hey guys! I found a super cool list of everything a new forex trader would need to get started! Originally made by to nate1357. Link to original thread http://redd.it/328cjr
Free Resources
Education:
www.babypips.com/school
www.informedtrades.com/f7
www.forex4noobs.com/forex-education
www.en.tradimo.com/learn/forex-trading
www.youtube.com/useTheTradeitsimple
www.traderscalm.com
www.orderflowtrading.com/LearnOrderFlow.aspx
www.profitube.com
Calendars:
www.forexfactory.com/calendar.php
www.dailyfx.com/calendar
www.fxstreet.com/economic-calendar
www.forexlive.com/EconomicCalendar
www.myfxbook.com/forex-economic-calendar
www.investing.com/economic-calendar
Free News Websites:
www.forexlive.com - Daily live news, analysis and resources
www.financemagnates.com - FX industry news and updates
www.fxstreet.com - Daily news, analysis and resources
www.forextell.com
www.forexcup.com/news
www.bloomberg.com/markets
Forums:
www.reddit.com/forex
www.forums.babypips.com/
www.forexfactory.com/forum.php
www.elitetrader.com/et/index.php
www.forex-tsd.com/
www.fxgears.com/forum/index.php
www.trade2win.com/boards
Margin / pip / position size calculators
www.myfxbook.com/forex-calculators
Brokerages:
There are many factors to consider when choosing a brokerage. Regulations typically force US traders to only trade at US brokerages, while international traders have more choice. After considering location you need to consider how much capital you will start trading with as many have minimum deposit levels. Once you’ve narrowed that down you can compared spreads and execution. ECN brokers execute your orders straight through to their liquidity providers, while market maker brokers may pair up your trades with other clients. Market maker brokers typically will partially hedge your positions on the interbank market. Many consider this to be a conflict of interest and prefer to trade at an ECN broker who would have an active motive to see you succeed. Lastly, brokers run inherently risky business models so it is important to consider the risk of bankruptcy.
www.forexpeacearmy.com - Aggregates broker reviews. Be warned though that people only seem to make bad reviews.
www.myfxbook.com/forex-broker-spreads - Live comparison of executable spreads
United States & International-
-Interactive Brokers
International Only-
-LMAX (whitelabel DarwinEx)
*DMA broker based in the UK. Note that as a DMA broker LMAX eliminates the ability for LPs to last-look transactions. This may result in reduced liquidity during volatile times as liquidity providers would be likely not to risk posting liquidity to LMAX's pool. *Tight spreads *Minimum deposit $10,000 *Fairly well diversified
-Dukascopy
*ECN based in Switzerland, but available elsewhere depending on local regulations.
*Tight spreads *Minimum deposit $100 *Fairly well diversified
-IC Markets *ECN based in Australia *Fair spreads on standard account, tight spreads on professional accounts. *Minimum deposit $200 *Fairly well diversified
-Pepperstone
*ECN broker based in Australia. *Fair spreads on standard account, tight spreads on professional accounts. *Minimum deposit $200 *Not well diversified
Software / Apps:
Desktop/mobile
Terminology/Acronyms:
www.forexlive.com/ForexJargon - Common terms and acronyms
FAQ:
I need to exchange money, how do I do it?
This isn’t what this sub is for. Your best bet is using your bank or an online exchange service. Be prepared to pay a hefty fee.
I have money in one currency and need to exchange it into another sometime in the future, should I wait?
Don’t ask us this. We speculate intraday in FX and shouldn’t be relied on to tell you what’s best for you. Exchange the money when you need it.
I have an FX account, should I start trading demo or live?
This is highly debatable. You should definitely demo trade until you have mastered how to use the trading platform on desktop and mobile. After that it’s up to you. Many think that the psychology of trading live vs demo trading is massively different. So it may pay to learn to trade live. Just be warned that most FX traders lose almost their entire first account so start with a low affordable balance.
What’s money management?
Money management is a form of risk management and is arguably the most important aspect of your trading when it comes to long term survival. You should always enter trades with a stop loss - the distance of the stop allows you to calculate how large of a percent of your account balance will be lost if your trade stops out. You can run a monte carlo simulation to figure out the risk of having a number of trades go against you in a row to drain your account. The general rule is that you should only risk losing 1-4% of your account per trade entered.
More on this here: www.investopedia.com/articles/forex/06/fxmoneymgmt.asp[35]
www.swing-trade-stocks.com/money-management.html[36]
What about automated trading?
Retail FX traders have been known to program “Expert Advisors” (EAs) to automate trading. It’s generally advisable to stay away from that until you’re very experienced. Never buy an EA from a developer because the vast majority of them are scams.
What indicators are best?
That’s up to you to test and find out. Many in this forum dislike oscillating indicators since they fail to capture the essence of what moves price. With experience you will discover what works best for you. In my experience indicators that are most popular with professional traders are those that provide trading “levels” such as pivot points, fibonacci, moving averages, trendlines, etc.
What timeframe should I trade?
Price action can vary in different timeframes. In longer term timeframes the price action and fundamentals are much more clear. Unfortunately it would take a very long time to figure out whether or not what you’re doing is successful on longer timeframes. In shorter timeframes you can often tell very quickly if what you’re doing is profitable. Unfortunately there’s a lot more “noise” on these levels which can prove deceptive for those trying to learn. Therefore the best bet is to use a multi-timeframe analysis, working from top-down to come up with trades.
Should I trade using fundamental analysis (FA) of technical analysis (TA)?
This is a long standing argument in these forums and elsewhere. I’ll settle it here - you should have an understanding of both. Yes there are traders who blindly ignore one of the other but a truly well rounded trader should understand and implement both into the analysis. The market is driven in the longer term through FA. But TA is necessary to give traders a place to enter and exit trades from a psychological risk/reward standpoint.
I’ve heard trading Binary Options is an easy way to make money?
The general advice is to stay away from binaries. The structure of binary options is so that when you lose the broker wins. This incentive has created a very scammy industry where there are few legitimate binary options brokers. In addition in order to be profitable in binaries you have to win 55-65% of the time. That’s a much higher premium over spot FX.
Am I actually exchanging currencies?
Yes and no. Your broker handles spot FX is currency pairs. Although they make an exchange at the settlement date they treat your position in your account as a virtual currency pair. Think of it like a contract where you can only buy or sell it as a pair. In this sense you are always long one currency while short another. You are merely speculating that one currency will appreciate or depreciate vs another.
Why didn't my order fill?
Even if price appears to cross over a line on your chart it does not guarantee a fill. Different charting platforms chart different prices - some chart the bid price, some the ask price and some the midpoint price. To fill a limit order price needs to cross your limit's price plus the spread at the time that it is crossing. If it does not equal or exceed the spread then it will not fill. Be wary that in general spreads are not fixed. So what may fill at one time may not at another.
submitted by ClassicalAnt6 to TeamOceanSky [link] [comments]

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