I kept wondering why many people are losing money in the forex market (including myself…)
I came to realise that the market is full of human emotions thanks to differnet people using different types of indicators entering and exiting at different times with different lot sizes
so I was wondering if this will work…
we will gather everyone’s attention through the forums as well as through word of mouth
to trade at a given currency pair at a given time of the week
(eg. BUY EUR/USD on Wednesday 12pm [GMT +0] T/P at 10pips)
we are all out to make money for ourselves… but what happens if we manage to gather together as a “team” virtually and make money together at that given time???
It is easy to break one single chopstick but it is not as easy to break a big bunch of chopsticks.
Sounds like syndication…which is against the law.
What actually it is easier to do is to get someone to program a MT4 expert adviser, advertised it to be super millionaire creator.
Now, since 95% of traders lose, so if you get feedback from your expert adviser what everyone is ‘betting’ on, you do the reverse.
Good idea?
“Sounds like syndication…which is against the law.”
syndication? i’m not sure about whether this is a syndication…
can someone, who has studied law or professionals, pls shed light on this issue…? thanks.
“What actually it is easier to do is to get someone to program a MT4 expert adviser, advertised it to be super millionaire creator.”
Hmm… but the market is ever changing so a system most probably won’t work well over the long term…
“Now, since 95% of traders lose, so if you get feedback from your expert adviser what everyone is ‘betting’ on, you do the reverse.”
don’t really get what you’re trying to say here…
but then again, sounds like you’re trying to “catch falling knives”, dangerous.