If Forex is so lucrative then why many people are not interested in this?

[peteuk]

Originally posted by kuepper

Add in the fact that pit bosses only go after the successful card counters you can see that casinos actually LIKE to have "card counters" playing in their casinos. Granted teams like the MIT card counting group took some of the major casinos for a lot of money - these are few far between. Casinos make out in the long run else why would they continue an unprofitable business?

Perhaps system trading is the same. Many people think there is a ton of money to be made in system trading try to create the Holy Grail. Most end up losing their money trying to decode the market. The who make money system trading are few far between... but like the MIT group other pioneers of card counting they make a killing before being stopped.


You're right just like card counters there are probably very few automated trading systems which are consistently profitable. Like card counters there are the serious system developers who know what they're doing then there's the 'fast buck' brigade who slap an EMA-cross robot together throw in the brokers API hope it works.

Can the Holy Grail be found? Oh yes it exists has been discovered by every consistently profitable trader out there. It's not a secret the Holy Grail is public knowledge in every FX book on every FX website but only a small percentage of people who trade FX are capable of the self-discipline required to follow it. Identifying profitable trades is fly easy in itself actually trading them is the problem for the majority. The Holy Grail isn't winning 100% of the time or even 50% of the time it's the discipline required to observe the rules of the game without faltering.

Imagine if the MIT group had marketed their system sold it to every wannabe casino card player who was looking for fast cash how long do you think it would take before the casinos shut them down to protect their business? The same can be said for brokers they welcome automated systems that consistently lose they tolerate systems that occasionaly win but just like the casinos they could not afford to tolerate or ignore an automated system which was consistently profitable being used by an ever increasing number of traders.

Why so many people lose in FX is beyond me it's not rocket science.

Cheers
Pete

[kuepper]

Imagine if the MIT group had marketed their system sold it to every wannabe casino card player who was looking for fast cash how long do you think it would take before the casinos shut them down to protect their business? The same can be said for brokers they welcome automated systems that consistently lose they tolerate systems that occasionaly win but just like the casinos they could not afford to tolerate or ignore an automated system which was consistently profitable being used by an ever increasing number of traders.

A book was recently published telling a detailed story of how these MIT students took Vegas for millions. It detailed how they team played (what ultimately gave them the edge) what techniques they learned the basics (hi-lo strategy) of card counting. It even went so far as including a section at the end where the author goes with one of them they demonstrate that it still works today. Furthermore this book was on the bestsellers list when it came out. So what happened to the casinos? It turned out that more people went to casinos trying (unsuccessfully) to card count losing more money than before. Add in the additional security now (also detailed in the book) to catch skilled card counters. All in all the strategy is now virtually obsolete... in Vegas at least. They never shut down the blackjack tables changed the rules etc. People still make money but not nearly as much. The casinos win in the end.

So what happened? The casinos adapted to the new strategies. They increased the risk of being caught while decreasing the rewards of winning. The system will never work that effectively again. I believe the same would hold true with your system. Granted it could make hsome sums of money initially if it got that bad banks or institutional investors would start to make plays opposite of the system (increasing the risk). /or the market would eventually get saturated with the system until it becomes less less effective (decreasing the reward).

People still make money with systems but great systems only last so long - the market adapts. Htly if I were you I had a system such as this I would keep it for myself make all the money I could. One trader would not impact a market trading trillions of dollars per day so the system would remain effective for longer. This is the best market for large money. Good Luck.

Edit:

Why so many people lose in FX is beyond me it's not rocket science.

I definitely agree with that.

-Justin

[Johnny]

Originally posted by peteuk


You want ITS? You couldn't hle ITS I wouldn't want it on my conscience.

First there'll be the obligatory Beverly Hills mansion then the fast cars faster women booze drugs when you get bored with those you'll probably turn to 'guys' for excitement....I'm saving you yourself Johnny!

Take my advice you'll thank me one day.

Pete [/b]

Hey you just worry about yourself there brother! I can worry for myself about whether I'm going to have sex with men or not! you keep your sick fantasies to yourself!

Now back to the matter at h. Are we still a go for Feb?

Enquiring minds want to know.

[peteuk]

Originally posted by Johnny


Now back to the matter at h.

The question is whose h...

Pete

[Johnny]

here I was planning to put ya' on TV make ya' famous sell your system all over the world making you fabulously wealthy in the process.

what do I get for my care interest concern?

Evasion obfuscation.

You coulda been a contenda.

[peteuk]

Originally posted by Johnny
here I was planning to put ya' on TV

No...not....you don't mean....oh no you're HIM!!

Heeeeere's Johnny!

[cyberkrish]

Hi Peteuk Johnny
You guys have really gone out of the topic there has been a couple of heated exchanges between you people.I request you to open another thread exclusively for you people so that you can have your arguments.I expect people to respond to the topic not deviate the topic.
cyberkrish

[MoneyTec]

Just going to ask the same


Members if one topic sparks your interest in another simply start a new thread provide a link for others to follow. Members please help keep your community clean accrete when threads start straying please remind others they are straying away the main topic we need to preserve topics for the next readers..

Kind Regards

MoneyTec Team

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