Quote:
|
Originally Posted by cyberwave
Thanks for your input
This means that most of the time they are on the other end buying what i am selling or selling what i am buying instead of matching me with another client,..if what you say is true (which i think it is,..this was my original personal opinion to begin with) .. it means they want more people to lose money,...the question that rises here,..is the trading courses they offer for free when you sign up,..why do they offer training and do they put misleading infos in that training ?
i have studied the full V.I.R.T corse and i found some info in it useful,..but why train us if they want us to lose ? unless we r getting from them false info that make us lose in the forex market ?
|
Think about it. For every seller there must be a buyer. In order to earn money, you need to analyze the trade better than the other guy. When 99% of literature and classess teach the SAME thing, when 99%+ of software charting packages have the SAME indicators, who do you think will take the opposite side of the trade?
Why would Large Banks, and large funds such as Quantum Fund by Soros, fall for the oldest tricks in the book? Why would they give their money to some one who has taken basic "FX course for beginners" ? If the information we are taught is so good then why do 90% people fail at trading? If the info we are taught in books and classess are so good, why so many people fail? Don't tell me it is all Psychology fault because automatic backtesting takes care of that. Why are there so many signal services out there IF what we know is so good?
Have you ever learned the above 2 paragraphs at your courses? Unfortunately I have not. All I heard was recitation of decade old techniques that does not work today over periods of time.
If you have programming experience and a platform that allows to automatically backtest strategies, do yourself a favor. BACK TEST POPULAR INDICATORS AND STRATEGIES OVER LONG PERIOD OF TIME. I did it over 3.6 years for 1hr charts and 2.6 years for 5 minute charts, and up to 10 years for daylies.