Am I missing something?

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Old Jun 24, 2007, 4:06pm   #1
Joined Jan 2006
Am I missing something?

I while back I read somewhere a simple strategy. You were to buy or sell on forex and use bets to hedge your position. This way you can't loose. It seems foolproof but I wanted a second opinion just in case.

Thanks

P.S.: If you don't mind please also state the betting service you use if you trade this strategy.
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Old Jun 24, 2007, 5:47pm   #2
 
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No. You can lose x2
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Old Jun 24, 2007, 8:09pm   #3
 
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Quote:
Originally Posted by ForexDude View Post
I while back I read somewhere a simple strategy. You were to buy or sell on forex and use bets to hedge your position. This way you can't loose. It seems foolproof but I wanted a second opinion just in case.

Thanks

P.S.: If you don't mind please also state the betting service you use if you trade this strategy.
Hmm that may have been my post a while back, and yes you could lose. The hedge bet against the spot position is taken to flatten out the return - so you win on a far wider price movement - but your return is less as a consequence. I can't remember the exact details - but I never decided to follow it through.
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Old Jun 24, 2007, 8:41pm   #4
 
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Quote:
Originally Posted by ForexDude View Post
I while back I read somewhere a simple strategy. You were to buy or sell on forex and use bets to hedge your position. This way you can't loose. It seems foolproof but I wanted a second opinion just in case.

Thanks

P.S.: If you don't mind please also state the betting service you use if you trade this strategy.
There was a thread about this and I directed folks to goldenmoneytree.com where it is explained.

Like most things that sound too good to be true I got the feeling this strategy was not an exception.

Think about it.
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