MoneyTec Traders Community Forum - View Single Post - If Forex is so lucrative then why many people are not interested in this?

csaunders · 26-01-2004, 11:18

Hi Rezo & Pete,

Interesting posts and I do have to agree with some statements and disagree with others.

One thing I have to disagree with is the statement that one should simply ignore fundamental events - the market discounts expectations not actual events - how can it, since it doesn't really know what the outcome is going to be - only make an educated guess and discount accordingly.

Further lets say your system fires a buy just before an interest rate announcement that 50% of economists predict will stay put and the other 50% expect a hike - hmmm - do you take the buy signal???? And if so with what kind of stop - different to your usual 30-50pips??

Points to Ponder.... I'll have to say if my system fires anything before the Fed makes a decision - I'll blissfully ignore it.

Anyway I've added my two cents - plus some extra change.

26-01-2004, 11:18	#43
csaunders level 3 Join Date: Sep 2003 Posts: 160 Downloads: 0 Uploads: 0 Rep Power: 0	Hi Rezo & Pete, Interesting posts and I do have to agree with some statements and disagree with others. One thing I have to disagree with is the statement that one should simply ignore fundamental events - the market discounts expectations not actual events - how can it, since it doesn't really know what the outcome is going to be - only make an educated guess and discount accordingly. Further lets say your system fires a buy just before an interest rate announcement that 50% of economists predict will stay put and the other 50% expect a hike - hmmm - do you take the buy signal???? And if so with what kind of stop - different to your usual 30-50pips?? Points to Ponder.... I'll have to say if my system fires anything before the Fed makes a decision - I'll blissfully ignore it. Anyway I've added my two cents - plus some extra change. __________________ Show me the money!!!