Eztrader asks: Is the Wolf of Wall Street a good movie about trading?

The Wolf of Wall Street – an inspiration for Eztrader traders?

You might have heard of this movie because of the famous actor of the year Leonardo DiCaprio or because you are already a successful Eztrader veteran. The movie is based on a memoir of the same title, by the Wall Street scoundrel Jordan Belfort, who cheated his clients out of tens of millions of dollars, ratted on his friends, and was indicted and jailed for securities fraud and money-laundering.  Set in the period from the mid-eighties to the aught, it’s a three-hour-long satire of loathsome financial activity and extravagant debauchery, and it’s meant to epitomize everything that has gone wrong with trading, money culture and in the stock market. Scorsese employs a flexible narrative form and a free-swinging style of filming. (Rodrigo Prieto is the cinematographer.)

A bold movie about trading

The camera plunges into groups of stock brokers, cleaving their numbers. It swings over them and then swings back, like some video-enhanced boomerang. “Wolf” has great, giddy moments, and Terence Winter (“Boardwalk Empire”), who did the adaptation, creates flurries of raucously cynical dialogue that hit you like a rapid series of jabs. Leonardo DiCaprio puts his voice, his body, and his handsome face, which he contorts into a grimace, into what is certainly his largest performance yet. But the entire movie feels manic and forced, as though Scorsese is straining to make the craziest, most over-the-top picture ever—as if he is determined, at seventy-one, to outdo his earlier triumphs, “Raging Bull” and “Good Fellas,” and to show that he’s still the king. Put crudely, this is his attempt to Out-Tarantino Tarantino.

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Is trading on Wall Street as glamorous as trading on Eztrader?

It’s a moment with a terrifying, Olympian blend of compassion, disdain, and anguish; it shows a fatal lack of imagination combined with a desperate range of unfulfilled desires. The shot shows not just an audience, but the audience: Scorsese puts the film’s viewers face to face with themselves, charges us with compensating for our lack of imagination and fatal ambition through contact with the wiles of a master manipulator. Just as the fictionalized Belfort (Leonardo DiCaprio) is presented at the seminar by a host (who, in a diabolical cameo, is played by the real-life Belfort), so we, the movie audience, have been introduced to Belfort by another enthusiastic impresario, namely Martin Scorsese, who knows perfectly well that he is giving us something that we want, something that we need, and something that taps into dreams and ambitions that are both central to life and completely suspect.

Will this movie inspire you to start a career as a trader?

DiCaprio, who keeps selling rather than acting his character just like many try to sell socks on Eztrader, is the ultimate victim of Scorsese’s over-driven vitalism. You feel like you’re being back-thumped into admiring his version of Jordan’s self-presentation. In all, he gives one of the most completely externalized performances in the history of the movies. Everything is big, and he turns himself inside out physically. Writhing and then crawling on the floor in a Quaalude overdose, he rivals Lon Chaney in his contortions. (The physical excess, in its stupid way, is meant to be heroic, though no one could punish his body as much as Jordan Belfort does and continue to look like Leonardo DiCaprio.) DiCaprio has enormous physical range, but the performance is spiritually constrained. Jordan lacks complexity, contradiction, insight. No doubt there are terrible people on Wall Street, but it’s naïve to put a man this limited at the center of a three-hour-long epic. Illumination never arrives.

The lessons Wall Street 2 and Topoption can teach us

Wall Street, topoption, exbino – Is finance really that mean?!

This movie reflects the American economy and The economic stakes are so insanely high making fortunes betting against the biggest banks on Wall Street. Wachting it reminded me a lot of my time as a hobby topoption trader.The characters either so sociopathic or so eccentric, that nervous laughter seems a perfectly natural response as they edge ever closer to cratering the finances of the nation.

In this movie every financial crash on Wall Street brings in its wake a comet trail of movies that either tell how it all went down, or that are overshadowed by its grim economic aftermath. Almost all output of Warner Bros in the 1930s nods to the debilitating after-effects of Black Tuesday in 1929; it’s there as plain as day in everything from the kid-hobo drama Wild Boys of the Road to The Roaring 20s. Frank Capra’s American Madness (1932) depicted a run on a bank 14 years before the repeat version in It’s an amazing Life.

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Wall street or trading on exbino or topoption: Few people make it big

This movie, seemingly unshakable aftermath of the financial crisis (due to selling and trading) 2008, which does an excellent job of explaining the complex financial hi-jinx its depicts. The climax features like, the collapse of the entire world economy, the novels of ex-banker and convicted fraudster Paul Erdman, almost taken the audience attraction. Just like the rush of trading on sites like topoption and exbino never lasts longs most Wall Street traders don’t actually become rich. They all earn decent salaries of course but just like most amateur traders on brokers like topoption or exbino they never make the ton of money they were aiming for at first.

Greed is not good

Wall Street 2: Money Never Sleeps,”  when he links up with another young trader who trade goods, Jacob Moore (Shia LaBeouf) a broker on the eve of a catastrophic financial crisis. It’s not so unusual, to turn a one-time villain into a redemptive figure. He’ll even have a daughter in this outing, Winnie Gekko, played by Carey Mulligan. s Gekko’s greed a good thing over all? Well, Gekko says nothing, in his speech, about the interests of other stakeholders in Teldar Paper, stakeholders such as the company’s employees for example. If Gekko breaks up the company, shareholders may benefit but employees will lose jobs. That’s a bad thing, but it’s also sometimes inevitable. Not all companies should stay in business with brokers.

Greed is not good. It doesn’t matter, if you are trading at the stock market or if your trading Forex or binary options on your computer at home. It will never bring any good or a satisfaction. But if shareholders allow executives and Boards to operate inefficiently, rather than using what little power they have to improve their lot, then they are suckers, being taken for a ride. And there’s no particular virtue in that.

Inside Job and Optie24

What I learned from Inside Job and my experience as a hobby trader on optie24 and anyoption

Inside Job was the scariest movie that I have ever seen. Not because of the vampires or zombies, but because of the financial crisis which is something we’ve just lived through. It makes the events hard to swallow. It’s even harder for me because I experienced first hand the adrenaline rush of trading, when I used optie24.

The truth about the financial crisis

Charles Ferguson’s second film begins, of all places, in Iceland. It follows the privatization of the country’s banks and their journey down a financial wormhole, which, in the end, sucks in the country’s environment and the finances of its citizens. The American economic policy including the academics, politicians, and business leaders that comprise it, is shamefully inadequate. I would call them irretrievably corrupt.  They all attend the same schools. They all believe the same basic ideas. They are all out to enrich themselves. They all deny any wrongdoing or fault. They all work endlessly in the interests of the system.

The movie Inside Job

Inside Job points many of fingers at many places. It especially has critical of online binary option brokers like optie24 and anyoption At times, it’s hard to follow Ferguson’s explanation of what caused the crisis. However, the movie describes and depicts complex financial witchcraft, like derivatives, very well using animated graphs, which are augmented nicely by Matt Damon’s familiar voice. At its best, Inside Job reaches peaks that will make you laugh and rage. Watching bank managers try to explain the ethics of knowingly selling their customers crap is both funny and heartbreaking. And the fact that many of these men got away with millions of dollars makes it truly frightening. Normally neutering bank reform was essential in order to protect their rent seeking ability. Shifting the focus of debate onto the national debt was essential in order to mask their collective culpability and graft.

All around the world everyday people are suffering a loss of wealth and, or, income as a direct result of the ability of this small group to impose its own agenda on us. Yet that group has emerged unscathed. They still rotate through the same jobs. They still control the academic agenda. They still run the same banks. No wonder the Tea Party is up in arms. Our social fabric is beginning to fray. Anger permeates debate. Reason flies out the window. Facts become opinions. Opinions become facts. We stopped being we. Instead we became them versus us. Turned in on ourselves by the needs of the system.

This movie and trading with optie24 and anyoption helped me understand the financial crisis better

We must take our medicine. We must sacrifice those pensions. We must give up those immature dreams of rising wages. We must start trading on optie24 or anyoption. This is, we are told, a global economy. We must suffer the consequences of the dreams of the poor who aspire to be like us. Capital is free to shift around the world. Profits are to be found abroad. If that hurts us here, then that’s just the system at work. And we must never disrupt the system. Never, ever, disrupt the system. It is a work of nature just like the oceans or the mountains

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There are other moments, however, at which Ferguson becomes somewhat annoying, almost vainglorious. Just like trading binary options  on optie24 can sometimes be hard. He comes off not as a hard-hitting investigator, but as a filmmaker looking for a punching bag. Since most of the big financial players he targets -– Summers, Bernanke, Geithner and Greenspan -– declined to appear in the film, it feels as though Ferguson is just picking on minions instead of wrestling with the behemoths.

If you can stomach a look back at the last few years, see Inside Job. You will be amazed to see it. That is why it has won an Academic award, too.