Right, so that would be a 'no' to explaining that kind of consistency. Perhaps we can put it, and the past 10+ years, down to plain old luck. With all that luck you'd think I would be able to pick out next weeks numbers or the next spin of the wheel.......oh no wait, roulette and the lotto are random games of chance which don't require any skill and don't offer the player any opportunity of an edge! What is strange is that in your opening post of this thread you said: "....By trading only the major currencies this trader took his balance from $4,232.55 to having around $48,139 in equity by the end of June....." And now you're saying "Retail have not advantage!" Total contradiction, very odd
"....By trading only the major currencies this trader took his balance from $4,232.55 to having around $48,139 in equity by the end of June....." And now you're saying "Retail have not advantage!" Total contradiction, very odd ######################## In this message was stated ,that was best attempt from more as 150 000 1. This kind result can be and without offset accounts Depend from readiness to make risk 2. " ...I am calculated on the worst" Napoleon in this case author suspect ,that by one top operator with high chance was multiple offset accounts and multiple attempts ,as exist not CFTC statements and forex account can be open in each country If you bet for 200 points GBP/JPY with liquidation margin 250$ for one GBP/JPY ,than approx chance 1/10 that after 3 bet with 100% reinvestment you would catch 3 win in row . If objective is only public glory Must make multiple attempts ,and each long or short offset by another accounts. Than ,after multiple attempts operator can catch average results near 0 ,but one attempts in public contest would 700% or more ... For that must have some scill ,but it is possible ... ######################## Retail have no any advantage If 100 000 operators going to casino without limit and would make bet with reinvestment ,some 50 persons would going out with 2 mln $ another withtotal loss ,casino with 1.6% fro meach bet (in Europha ) Best wish ...
P.S. -If retail would have small advantage as casino(1.6% in Europha roultte) and possibility for bet with great intensity 100-200 time's per day ,in 1-2 years this retail operator would have mln $ from 10 000 $ account Take spread as example http://www.youtube.com/watch?v=9QtuDusWUCE http://www.youtube.com/watch?v=46ENFzNC-Ok http://www.youtube.com/watch?v=uODhUQb8lPg
Well that's all very interesting I'm sure and I'll certainly take it into consideration next time I go to a casino and play roulette! So anyway, getting back to talking about trading.........
So anyway, getting back to talking about trading......... ####################### ? http://www.youtube.com/watch?v=ObuvfQKPCsA&feature=related It is good ,but movie only ....
Trading as opposed to gambling on roulette or the lottery, you know, buying and selling of............oh never mind, it would take too long to explain it to you! You carry on playing with your (lotto/roulette) balls, you're doing a great job!
buying and selling of............oh never mind, it would take too long to explain it to you! If you have satisafction from this kind of actitivty ,best wish ... but source of your satisfaction belong to acceptance in your social group and it is not more as religiose ethik Plagiat of Adam Smit from Lokk and Lokk from Aristotel .... Not observed to date any results with real money from retail better as 22 time's and with paper money ,real quote better as 50 time's (readiness to risk is more high ) Can be ,but that would rare . Professional scene have advantage and that can be observed by comparsion of profitability and bankruptcy rate of retail and NYSE member's or casino owner (Carl Ican as example) That all very good correlated with game theory (Puankare ,Neumann,Shannon ,Kelly,Morgenstern) Best wish ... P.S. If you will present your paper money tactic on ET ,better use hotspotfx platform from hotspotfx or currenex . It is not so corrupt as metatrader ....
Cabletrader wrote - to 1. Now compare that to trading forex where the odds are better than 50/50 if you have an edge. ##################################### No any scientific evidence that retail operator would have any adge by best broker ,which account controlled real time from 3 most experineced investigator of CFTC Spread against retail operator in zero-summe game Long term ,that would decisive . All ,what you readed in different books or studied in Harward business scool MBA about fundamental ,technical analysis ,market santiment based on doktrin of Schumpeter ,Marschal, Adam Smit all they realted to "TReatise of Goverment" of Lokk and this is plagiat from Aristotel . Only religios dreaming ###################### Clear that if 10 000 (result in 1000 % was realted to 10 000 participants of FXCM contest in juni) operators with high risk acceptance(100%) would try, than low quantities of 10 000 can perform top result ... Can be more as 50 time's by best ,but another 90-95% would loose That is movement in direction of lotto ,casino