Hi,
I am looing for some bet platform where winning probability is 50/50 (or more), has DEMO account, and small stakes as low as $1.
O, and they shouldn't escape with my money
IG Markets - CFDs, forex, indices 14day trial available and you can trade binary bets there
I heard, most bet platforms don`t have 50/50 probability to win but less, like in play in american roulette, there is no 50/50 but 47/53 (double zero).
In past i used oanda`s fx boxes (real account). And now I tell you, this is one big thieving. In my opinion (looking at oanda`s win/loss ratio) there is 30/70 probability to win. Of course 30% for trader.
Interesting fact: oanda gives more on demo account than on real account, check this then you`ll see.
So I wonder, comparing oanda`s options to other platforms does here exist any better place for trader? Am I have to lose money because casino always wins?
In past i used oanda`s fx boxes (real account). And now I tell you, this is one big thieving. In my opinion (looking at oanda`s win/loss ratio) there is 30/70 probability to win. Of course 30% for trader.
Interesting fact: oanda gives more on demo account than on real account, check this then you`ll see.
So I wonder, comparing oanda`s options to other platforms does here exist any better place for trader? Am I have to lose money because casino always wins?
UKtradergirl
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what?! If you treat trading like going to the casino this is what you will get back in return.
Of course on a 50-50 trade you will always lose because of commissions. This is where you have to do some work for yourself and increase your edge. Why bother playing a 50-50 game anyway, you are not going to win anything and not going to lose... so no point? Increase your edge, heck, trade following the moving average if you have to, that should be better than 'gambling'.
How are you defining the odds anyway? Surely in trading you define your own odds e.g. i want to risk £10 to make £10 or i want to risk £5 to make £50.
Of course on a 50-50 trade you will always lose because of commissions. This is where you have to do some work for yourself and increase your edge. Why bother playing a 50-50 game anyway, you are not going to win anything and not going to lose... so no point? Increase your edge, heck, trade following the moving average if you have to, that should be better than 'gambling'.
How are you defining the odds anyway? Surely in trading you define your own odds e.g. i want to risk £10 to make £10 or i want to risk £5 to make £50.
UKtradergirl
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betfair do zero roulette too- no number 0 on it so even odds
UKtradergirl
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You didn't say you were binary betting! I thought you meant trading.
And yes, in a fixed odds 50-50 (as you might find in a casino) you will not win or lose overall. It is not possible to maintain any win. If you have a trading strategy that has an 'edge' over the market however this obviously works in your favour.
And no there is nothing wrong with a basic moving average. I wouldn't recommend it as a sole strategy but it is better than random guessing. As for it working 100 years ago but not today that is rubbish... look at the huge market crash that has happened, following the MA would have gotten you into that nicely. Also, prior to that, the daily MA was rising steadily along with price. Combine it with proper money management and you'd be surprised what is possible!
And yes, in a fixed odds 50-50 (as you might find in a casino) you will not win or lose overall. It is not possible to maintain any win. If you have a trading strategy that has an 'edge' over the market however this obviously works in your favour.
And no there is nothing wrong with a basic moving average. I wouldn't recommend it as a sole strategy but it is better than random guessing. As for it working 100 years ago but not today that is rubbish... look at the huge market crash that has happened, following the MA would have gotten you into that nicely. Also, prior to that, the daily MA was rising steadily along with price. Combine it with proper money management and you'd be surprised what is possible!
FXSCALPER2
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Quote:
Why bother playing a 50-50 game anyway, you are not going to win anything and not going to lose... so no point?
No, if you have great money management you will definitely win, I have
Oh, by "great money mangement" I hope you don't mean martingale or anything similar. Sorry to be miserable, but I agree with UKTraderGirl, you're never going to win in a 50-50 game over the long term.
If you have done, we would all like to hear how, because this would be a first, luck aside.
No hard feelings, just don't believe it's possible.
Why bother playing a 50-50 game anyway, you are not going to win anything and not going to lose... so no point?
No, if you have great money management you will definitely win, I have
Oh, by "great money mangement" I hope you don't mean martingale or anything similar. Sorry to be miserable, but I agree with UKTraderGirl, you're never going to win in a 50-50 game over the long term.
If you have done, we would all like to hear how, because this would be a first, luck aside.
No hard feelings, just don't believe it's possible.
You know, i was a couple times in casino and i saw how people lose money using martingale, in every night was 15-20 times the same colour, so I dont use martingle.
A couple years ago i read in "market wizards" that "the best traders have 30% win ratio". Do you remember?
A couple years ago i read in "market wizards" that "the best traders have 30% win ratio". Do you remember?
try CityOdds Fixed Odds Financial Betting and Trading - Fantasy Leagues and Real Money Betting - you can make 50:50 bets there...
good luck
good luck
