You call buying lottery tickets and expecting to win a 'probability'? I'd call it dreaming! You're not in control of the outcome of a lottery anyway and there's absolutely no skill involved, it's a game (if you could call it a 'game') of pure chance with extremely low odds. I read somewhere there's more chance of guessing a complete stranger's phone number than guessing the right numbers! No similarities to trading as far as I can see......
Oh no, groan, not this debate again! crgarcia if you think trading forex is like buying lottery tickets then all I can say is you've been doing it wrong, learn to trade!
but for $1.00 it's more than worth the gamble....I play the $3.00 lotto...and if i win they tack on another $25 million....it starts at 6 million and rolls over..... at what point is it better to buy 3 $1.00 tix instead of 1 $3.00 tix???
Where's the probability in your favor playing the lotto? Where's the skill? What's your edge? I have no idea of what the odds are for winning the lottery, probably 100's of millions to 1. Now compare that to trading forex where the odds are better than 50/50 if you have an edge. The potential reward may be infinitely greater playing lotto but the odds against winning are ridiculous! Maybe we could put it to the test....what's my phone number? Or better still, what are next week's winning lotto numbers
crgarcia if you think trading forex is like buying lottery tickets then all I can say is you've been doing it wrong, learn to trade! ################# No ,cgarcia have a right , if he speak about retail sector ... Casino in Montecarlo have advantage in roullete only 51.60% (with event game) and have made multiple mln $ ,as each day exist multiple 1000 attempts . If 100 000 persons would go to casino with 2000$ and perform 3 bet in row with reinvestment on black or red ,than 8711 would going with 16000$ or 700% Another 91289 would lose entire bet 2000$ Casino would win through 1.6% -it is equivalent of the spread If margin is great (FXCM on request offer 250$ for GBP/JPY ,that is approx 1:800) operator can make situation near casino black/red game payement with equal chance . Retail have not advantage! Professional (market maker ) have ... if this advantage is only 1-2% ,but operation quantity 100 000 per year and more ,that would enough to make multi mln $ Check NYSE member ,occasionaly some can be bankrupt ,but not as retal forex account ,average life expetancy 45-60 days . http://www.kolegova.ru/video/video_1.html http://www.youtube.com/watch?v=pFrT-GA9PiY&feature=related
Ok, so you're saying trading retail forex (with a bucketshop) is similar to buying lottery tickets or betting on red or black at a casino, correct? In that case all I can say is you really don't seem to understand trading, risk:reward, probability, or edge. I recently posted a live trading statement for a very simple automated averaging system, out of 237 trades 216 were profitable. I have also posted numerous other blotter screenshots, all were profitable, and all trades were executed with a bucketshop. If trading forex is a lottery or a spin of a roulette wheel and an experienced trader has no edge then please explain those consistent returns.
I recently posted a live trading statement for a very simple automated averaging system, out of 237 trades 216 were profitable. I have also posted numerous other blotter screenshots, all were profitable. ######################### Dear Sir Please CFTC signature ,no offset account's & Without this signature no any scientific evidence ... Your respectfully