FXCM contest new record 1037.36% per montn

Quote from cabletrader:

Does it matter though, >1000% reward for <100% risk sounds like a reasonable bet to me :)

I guess if you were doing it live you could take out your initial stake as soon as possible then it's house money which is being gambled.
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1000% reward with 100% risk?

What about probabilities?
You buy lottery tickets?
 
Quote from John_Wensink:

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

Any guesses?
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lol, but not before reversing all the trades as they were all executed on bad ticks!
 
Quote from crgarcia:

1000% reward with 100% risk?

What about probabilities?
You buy lottery tickets?
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You call buying lottery tickets and expecting to win a 'probability'? I'd call it dreaming!

You're not in control of the outcome of a lottery anyway and there's absolutely no skill involved, it's a game (if you could call it a 'game') of pure chance with extremely low odds. I read somewhere there's more chance of guessing a complete stranger's phone number than guessing the right numbers!

No similarities to trading as far as I can see......
 
Quote from cabletrader:

You call buying lottery tickets and expecting to win a 'probability'? I'd call it dreaming!

You're not in control of the outcome of a lottery anyway and there's absolutely no skill involved, it's a game (if you could call it a 'game') of pure chance with extremely low odds. I read somewhere there's more chance of guessing a complete stranger's phone number than guessing the right numbers!

No similarities to trading as far as I can see......
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So is trading FX spot.

You have no control on how much the broker may manipulate your quotes.
 
Quote from crgarcia:

So is trading FX spot.

You have no control on how much the broker may manipulate your quotes.
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Oh no, groan, not this debate again!

crgarcia if you think trading forex is like buying lottery tickets then all I can say is you've been doing it wrong, learn to trade! :p
 
Quote from cabletrader:

You call buying lottery tickets and expecting to win a 'probability'? I'd call it dreaming!

You're not in control of the outcome of a lottery anyway and there's absolutely no skill involved, it's a game (if you could call it a 'game') of pure chance with extremely low odds. I read somewhere there's more chance of guessing a complete stranger's phone number than guessing the right numbers!

No similarities to trading as far as I can see......
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but for

$1.00 it's more than worth the gamble....I play the $3.00 lotto...and if i win they tack on another $25 million....it starts at 6 million and rolls over.....

at what point is it better to buy 3 $1.00 tix instead of 1 $3.00 tix???
 
Quote from ElCubano:

but for

$1.00 it's more than worth the gamble....I play the $3.00 lotto...and if i win they tack on another $25 million....it starts at 6 million and rolls over.....

at what point is it better to buy 3 $1.00 tix instead of 1 $3.00 tix???
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Where's the probability in your favor playing the lotto? Where's the skill? What's your edge?

I have no idea of what the odds are for winning the lottery, probably 100's of millions to 1. Now compare that to trading forex where the odds are better than 50/50 if you have an edge.

The potential reward may be infinitely greater playing lotto but the odds against winning are ridiculous!

Maybe we could put it to the test....what's my phone number? Or better still, what are next week's winning lotto numbers :)
 
crgarcia if you think trading forex is like buying lottery tickets then all I can say is you've been doing it wrong, learn to trade!
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No ,cgarcia have a right , if he speak about retail sector ...

Casino in Montecarlo have advantage in roullete only 51.60% (with event game)
and have made multiple mln $ ,as each day exist multiple 1000 attempts .

If 100 000 persons would go to
casino with 2000$ and perform 3 bet in row with reinvestment on black or red ,than 8711 would going with 16000$
or 700%

Another 91289 would lose entire bet 2000$

Casino would win through 1.6%
-it is equivalent of the spread

If margin is great (FXCM on request
offer 250$ for GBP/JPY ,that is approx 1:800) operator can make situation
near casino black/red game payement
with equal chance .

Retail have not advantage!


Professional (market maker ) have ...

if this advantage is only 1-2% ,but
operation quantity 100 000 per year
and more ,that would enough to make
multi mln $

Check NYSE member ,occasionaly
some can be bankrupt ,but not
as retal forex account ,average life expetancy 45-60 days .


http://www.kolegova.ru/video/video_1.html
http://www.youtube.com/watch?v=pFrT-GA9PiY&feature=related
 
Quote from ssss:



Retail have not advantage!


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Ok, so you're saying trading retail forex (with a bucketshop) is similar to buying lottery tickets or betting on red or black at a casino, correct?

In that case all I can say is you really don't seem to understand trading, risk:reward, probability, or edge.

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, and all trades were executed with a bucketshop.

If trading forex is a lottery or a spin of a roulette wheel and an experienced trader has no edge then please explain those consistent returns.
 
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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