FXCM contest new record 1037.36% per montn

Quote from ssss:

I recently posted a live trading statement for a very simple automated averaging system, out of 237 trades 216 were profitable. I have also posted numerous other blotter screenshots, all were profitable.
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Dear Sir

Please CFTC signature ,no offset account's &

Without this signature no any scientific evidence ...


Your respectfully
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Right, so that would be a 'no' to explaining that kind of consistency. Perhaps we can put it, and the past 10+ years, down to plain old luck.

With all that luck you'd think I would be able to pick out next weeks numbers or the next spin of the wheel.......oh no wait, roulette and the lotto are random games of chance which don't require any skill and don't offer the player any opportunity of an edge!

What is strange is that in your opening post of this thread you said:

"....By trading only the major currencies this trader took his balance from $4,232.55 to having around $48,139 in equity by the end of June....."

And now you're saying "Retail have not advantage!"

Total contradiction, very odd :confused:
 
"....By trading only the major currencies this trader took his balance from $4,232.55 to having around $48,139 in equity by the end of June....."

And now you're saying "Retail have not advantage!"

Total contradiction, very odd
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In this message was stated ,that was best attempt from more as 150 000

1. This kind result can be and without
offset accounts

Depend from readiness to make risk

2. " ...I am calculated on the worst"
Napoleon

in this case author suspect ,that by one top operator with high chance
was multiple offset accounts and multiple attempts ,as exist not CFTC statements and forex account can be open in each country

If you bet for 200 points GBP/JPY
with liquidation margin 250$ for
one GBP/JPY ,than approx chance 1/10
that after 3 bet with 100% reinvestment you would catch 3 win in row .


If objective is only public glory

Must make multiple attempts ,and each long or short offset by another accounts.

Than ,after multiple attempts
operator can catch average results
near 0 ,but one attempts in public contest would 700%
or more ...

For that must have some scill ,but it is possible ...
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Retail have no any advantage

If 100 000 operators going to casino without limit and would make bet with reinvestment ,some 50 persons would going out with 2 mln $

another withtotal loss ,casino with
1.6% fro meach bet (in Europha )


Best wish ...
 
Well that's all very interesting I'm sure and I'll certainly take it into consideration next time I go to a casino and play roulette!

So anyway, getting back to talking about trading.........
 
Quote from ssss:



?
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Trading as opposed to gambling on roulette or the lottery, you know, buying and selling of............oh never mind, it would take too long to explain it to you!

You carry on playing with your (lotto/roulette) balls, you're doing a great job!
 
buying and selling of............oh never mind, it would take too long to explain it to you!

If you have satisafction from this kind of actitivty ,best wish ...


but source of your satisfaction belong to acceptance in your social group and it is not more as religiose ethik

Plagiat of Adam Smit from Lokk and Lokk from Aristotel ....

Not observed to date any results with real money from retail
better as 22 time's and with paper money ,real quote better
as 50 time's (readiness to risk is more high )

Can be ,but that would rare .

Professional scene have advantage and that can be observed
by comparsion of profitability and bankruptcy rate
of retail and NYSE member's or casino owner (Carl Ican as example)

That all very good correlated with game theory (Puankare ,Neumann,Shannon ,Kelly,Morgenstern)


Best wish ...

P.S. If you will present your paper money tactic on ET ,better use
hotspotfx platform from hotspotfx or currenex .

It is not so corrupt as metatrader ....
 
Quote from John_Wensink:

Had this account been live how quickly would have FXCM closed his account?

Any guesses?
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It is live, you nubs.
 
Cabletrader wrote -



to 1. Now compare that to trading forex where the odds are better than 50/50 if you have an edge.
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No any scientific evidence that retail operator would have any
adge by best broker ,which account controlled real time
from 3 most experineced investigator of CFTC


Spread against retail operator in zero-summe game

Long term ,that would decisive .

All ,what you readed in different books or studied in Harward business scool MBA about fundamental ,technical analysis ,market santiment

based on doktrin of Schumpeter ,Marschal, Adam Smit
all they realted to "TReatise of Goverment" of Lokk
and this is plagiat from Aristotel .

Only religios dreaming
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Clear that if 10 000 (result in 1000 % was realted to 10 000 participants of FXCM contest in juni) operators with high risk acceptance(100%) would try, than low quantities of 10 000
can perform top result ...

Can be more as 50 time's by best ,but another
90-95% would loose

That is movement in direction of lotto ,casino
 
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