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Originally Posted by cyberwave
then we should never listen to there trainings,..and we try to stay away from there radar like you say,..because there is nothing we can do about it...but worse,we should expect some nifty tricks in the software to make us lose money ? that would be terrible
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Good advice. If 90% loose, then it pays to use a strategy that does not involve that. How good is a strategy if it fails 90% of the time? Think about that.
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the rule of casinos comes to mind
the house always wins,.. maybe this is why only 5% makes money on this market,i am started to doubt if an honest trader like most of us can make money out of this market ?
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It does not always win, but usually 90%+ of the time. It HAS to win in order to be in business and 90% of traders HAVE to loose in order to maintain 10% winners. And to tell the truth there isn't much unusual in that. Why do you think that a freshmen who studied trading for few month from some basic books be able to outperform SEASONED PROFFESIONALS? Tell me a basic forex book that does not cover basic stuff such as double tops, head and shoulders, ema's, MACD's divergences, etc.
ANd another nail. BROKERS CHANGE THE QUOTES. DO an experiment, open multiple
demo acounts from diff brokers (or check online quotes). You will see that there is few pip differences in quoted prices... IF different brokers quote slightly different prices, if they know what position their clients are, why do you think they do that?