Quote:
Originally posted by el cid
http://www.websmart-marketing.com/roulette.html
FXWIS QUOTE Ok but in order to actually make a PROFIT you have to ultimate let go your short or your long, otherwise you are not doing anything except paying you broker 2 spreads.
2 lots of spreads is not expensive.........if you make a profit.
A spread or 2 lots of spreads are expensive only if you lose money.
Spreads expensive etc is often where a load of traders lose out on this system.Most traders try to get too clever for their own good.
If you paid your broker 50% spread....and u are 99% certain of making money ....say 50%(after cost of spread) then that 50% is not expensive.
If u lose money and only paid 0.0001 % spread to your broker......than that brokerage spread is expensive!
If a trader came to me and said he would guarantee me 20 % profit all the time .........but his fees were 80% ....to me it is cheap at 80%....So I can give him a million $$$$$$$$$$$$$$
I trade spreads ...all the time ...so I always close the long and the short at the same time...........except intraday....in a non trending market I close one leg of the spread for about an hour for a few extra pips.
U got too much information by now! So think I do not go to the roulette wheel to guess which number will come up
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el cid just as I thought your are another clueless charlatan. I don't give an f about the spread. That wasn't the point of my post at all. Your "wonderful" system of being long and short at the same time is retarded unless you ultimately pull a trigger on one side of the trade and expose yourself to directional risk. So many newbie FX traders fail to understand that its importnat to point this out over and over again.
As the guy who started this thread wisely noted - THERE IS NO SECRET METHOD. You have to discover the winning ways for yourself.