Most traders are convinced that if they publish or post the exact trading rules of their excellent forex trading system, the system will somehow lose all its effectiveness and stop working.
This is of course a myth, the forex market is so vast and so liquid it does not give a hoot how we are trading or what we are "up to". We are just small, small sardines swimming in the Pacific.
For instance, classic technical analysis patterns like head and shoulders, trendlines, support/resistance, triangles, double top, double bottom, etc... have been around for more than 50 years, million of people are acting on these patterns every single day, on the forex, futures and stock market and yet, they are still working just fine like if they have just been discovered yesterday.
Book writers in general just love to sell us this myth : "Sorry, we cannot give you the exact trading rules of this forex system because it would render the system useless after a while"
Yeah, right, why don't you just admit your FX system is a losing system to begin with (they know it of course, they have already backtested it secretely!) ?
Or they would say something like this : "Our FX system is no longer profitable because there are too many people trading it" ???
Sure, whatever.
What they don't tell you is that it would take many billion and billion dollar orders to move the FX market a couple of pips, if at all.
To be continued...
This is of course a myth, the forex market is so vast and so liquid it does not give a hoot how we are trading or what we are "up to". We are just small, small sardines swimming in the Pacific.
For instance, classic technical analysis patterns like head and shoulders, trendlines, support/resistance, triangles, double top, double bottom, etc... have been around for more than 50 years, million of people are acting on these patterns every single day, on the forex, futures and stock market and yet, they are still working just fine like if they have just been discovered yesterday.
Book writers in general just love to sell us this myth : "Sorry, we cannot give you the exact trading rules of this forex system because it would render the system useless after a while"
Yeah, right, why don't you just admit your FX system is a losing system to begin with (they know it of course, they have already backtested it secretely!) ?
Or they would say something like this : "Our FX system is no longer profitable because there are too many people trading it" ???
Sure, whatever.
What they don't tell you is that it would take many billion and billion dollar orders to move the FX market a couple of pips, if at all.
To be continued...