hi, long time lurker, long been interested in trading, about to give it a go. So I read alot of threads about "edges" and "systems" and "strategies", and whether the euro is fucked or not, whether the dollar is fucked or not, QE3 or no QE3, support and resistance, overbought and oversold, swapspreads, operation twist, whatever whatever whatever... and I think to myself, guessing can only be right half the time, let alone enough of the time to give them the holy grail of "consistent profitability" or "positive expectancy", or have the "edge" that makes them act on information (the right way) faster than everyone else; honestly I don't even know if there are "edges" that are real that arent like insider info or front running, or whatever. So, you know, like how can you make money from trading if you don't have a "system" that means you know something nobody else does? Well, I think, the way to make money from markets is to be a local. to quote bids and asks and to earn the spread**. Like there will always be people wanting to buy and sell futures in everything. The trick to makign money, I think, isn't to buy it with the hope of it going up, or sell it with the hope of it going down, but instead is to sell to and buy from the people who are punting. I mean, if you can buy at the bid, and sell at the offer, the tick that you make could be enough to make up for your fixed costs and commissions yeah? yeah, you could buy the bid and sell the offer 10 ticks lower, but honestly I reckon there is enough noise on a tick by tick basis (maybe even in a long term trend) to just work the spread and ride out the peaks and troughs in the mid price. Even you could say, if it goes against you, get out on the offer ASAP and "ride your winners" .Obviously because of leverage and everything, you can't hold a position forever, but I rekon you could put some volatility measure on your fill price, and account for crossing the spread to get out (because you have a leveraged balance sheet) every now and again. So I mean even of you have to cross the spread 4 times out of 5, you could still make money. right? ** now, I aint sayin that earning the spread is easy, cos there are lost of people in the same game. But the way I think about it is that bookmakers at horse races make money, beacuse they over-round. Sometimes they get done on a favourite winning, but their bread and butter is making markets for punters. I also aint sayin that just making bids and asks is all you gotta do, I rekon there are good places to make bids and bad places to make bids, and places where you shouldn't make nothing at all. Just saying that, i rekon, the spread is a PROPER edge, and so tryin to make is it a PROPER strategy. Making markets for punters is the type of trading I hope to learn.