Day trading is losers game

One lose much more slowly trading off weekly charts, for sure.

Can we all agree that day-trading is a negative-sum game, and as a result, there is necessarily more money lost than won at that game?

On the other hand, I have yet to be convinced that multi-days/weeks/months trading is any better (ie. a true zero-sum game or even better a positive-sum game), even in stocks.

 

All futures and other derivative trading is zero sum (minus costs) because for every contract or unit held long there is a contract or unit held short by someone else.

 

I think what he meant was the FX charts do tend to be smoother. No gaps, and barring a defualt, your currency spread won't go to zero.

Unless you like the CHF or the JPY, there is less chance for disaster.

 

No, you are correct, there will be Swans in every market, but currencies tend to be mean reverting, so the trick is from my experience, if you wake up and the central bank has decided something, simply trade around that position as it will most likely revert.

 

Some shops offer 400-1 leverage. Here in the states, the best we can get is 50-1

 

All indicators do the same thing, they take a chunk of price and interpret that chunk based on some sort of parameters.

The fastest indicator is price. Not saying other indicators do not work, but reading price is by far the fastest way to find out what is going on.

 

Interesting way to use the MACD.

 

and that's why it is a negative-sum game.

Make an estimate of how much these "costs" amount in a day on your favorite market ... that's how much market participants collectively lose on a daily basis to exchanges & brokers, and that amount must be put in the market *every day* by the markets participants as a whole.

 

Well, my account for one, keeps growing. Two pips is a small price to pay for the opportunity to participate in the largest market on earth.

 

If u picked the right instrument to trade in the right direction , there is capital appreciation in the long run , as well as short term volatility.Long Gold is a prime EXCEPTION to the zero sum game because in the long term it will be higher at $5,000 per oz.

It is more than a zero sum game with gold ,Governments are printing money and honouring I O U 's with new bigger I O U to pay for the old I O U.


http://drpetersnews.com/gold-price-forecast-trend-chart-2011-2012-2013-2014-2015-2016.html