Arbitrage surely increase your odds!!
I have just realized that arbitrage opportunity might be open for me.
For those who wonder what arbitrage is wikipedia says "arbitrage is a transaction that involves no negative cash flow at any probabilistic or temporal state and a positive cash flow...
Yeah Its kind of painful learning curve and I couldnt agree more that demo is not the same than Real. You have to practice Real in order to see you weaknesses.
"It is often said that: “is wise he who can see things coming.” perhaps the wise one is the one who knows that he cannot see things far away."
-Nassim Nicholas Taleb
Last week I were short EURJPY where bollinger band was broken downwards and now I have got mixed results on 30sec expiry option despite eurjpy were heading south. Will test some more.
Agree with you 100%. Widely popular Indicators In game theory and economic theory, cant work in zero sum game situation in which a participant's gain of utility is exactly balanced by the losses of the utility of the other participant.
Sorri 4 being un-active I have been busy testing the trade game recommended in one of the early posts. This game feature some social trading which made me think about financial market dynamics and market micro structure.
If this trading game give me opportunity to behave as a broker and...
Forexmospherian said: "The retail traders consisting of millions of trader around the world - ( some say less than a million - other say over 2 million - nobody really knows) only make us say 10 -12% of the massive market - and basically 5 large banks make up over 50%."
When you realize that...
Most people go down the indicator road. I think indicators are waste of time. One week you adding one and then deleting it after a little bit testing. Than adding another one and so on........The fact is that indicators lag and they all will give you conflicting info. If you really want to...
Thats very good point - overtrading is a killer! When you achieve trading discipline and you aknowledge that market moves are impacted by market liquidity your odds increase substantionally.
There is arcticle on T2W landing page - Logic: The Antidote To Emotional Investing, which say:
http://www.trade2win.com/articles/1868-logic-antidote-emotional-investing
"Emotional neutrality is the key. Only invest for coldly rational reasons, and never because other people are buying in...
@gracieJJ - thanks for explanation.
@sparkness - who won the ticket 4 London Tournament this month, you?
However, let me carry on with thread. How to improve our odds!?
I believe that that most of us fail to set right midnset. We should consider betting as an exercise in probability...
Bonuses sometimes lock your money in. It vary from broker 2 broker. Read small print and than decide. Dont think that someone will give you bonus without any clauses. There is no free launch dont forget that.