Today, traders all around the world are using complex computer programs and mathematical equations to work out the scientific theory of market movement. What are the results and how can they benefit your FX trading strategy?
Let’s start with a fact:
Today 95% of traders lose their money and it’s the same ratio as 50 or 100 years ago and this is despite all the so called advances in computers, forecasting and number crunching applied and this leads to an obvious conclusion.
Forex markets don’t move the certainties i.e. mathematics, they only move based upon odds and you can try as hard as you like to apply science and maths – but if prices move to the odds this is futile. It’s obvious:
If markets moved to a mathematical theory, we would all know the price in advance and there would be no market! Common sense – but traders love complexity, it makes them feel safe and they think it cuts risk. They may love it but it won’t help them.
Today there is a huge industry in robots and automation is the buzz word and you see extra ordinary profits in hindsight and simulations – but they never work in real time, because no two pieces of data are ever the same and you really are chasing your tail if you try it.
Just as in yester year, simple forex trading systems work best, as they are more robust with fewer elements to break. A simple odds based system should be the basis of your FX Trading strategy. Don’t be deceived a simple odds based system can make a lot of money.
The problem today is we are used to science and maths solving problems in life and making our life easier, more comfortable and it does – but that doesn’t mean it works in all areas of life and the forex market is one, where it doesn’t. You need to keep it simple, have confidence in what your doing and if you do, you can enjoy currency trading success.
So stop trying to beat the market and see it for what it is, a high stakes, high odds game and get the right forex education. If you keep it simple and trade the odds, you can make a lot of money with your FX trading strategy and that’s a fact.
By: Kelly Price
Archive for December, 2009
Fx Trading Strategy – the Application of Mathematics to Reveal the Theory of Market Movement
December 30th, 2009WEIGHT LOSS AND BASIC MATHEMATICS
December 28th, 2009The single most discussed point in younger generation is obesity .Many articles were written on the subject and health watch dogs advice on dos and don’ts. What matters, in reality, is to think seriously and act in the right direction. It is very simple to understand and adopt ways and mean to control obesity yet it takes consistency and willpower to implement right measures.
The simple and basic rule of thumb is to understand what causes obesity. The type of food triggers the weight gain and negatively affecting our system. At the outset, it is very important to understand the elementary mathematics behind our weight gain. The following two points which are to be remembered and implemented seriously, to achieve desired results:
(1) The Income should be less.
(2) The Expenditure should be more: the net result is Negative Balance.
Hence the Golden rule of thumb:
(a)The day’s intake of food should be slightly less than the body requires.
(b) Regularly exercising to burn 30% of the total calories’ intake in a day.
It is to be remembered that at no point of time your intake of food in terms of calories should be more than it is required considering various factors of a balance diet.
It is also to be remembered and adhered to that you should not deprive your body of vital ingredients of intake of food. All important Organs of our body need Carbohydrates. The Muscles require proteins. The Bones require Calcium etc.
The most important of all is to develop a mindset of positive attitude. The aim in life is to learn and follow what is constructive and progressive. The determination will certainly help you to reduce obesity .Once that is achieved then keep it at that level for two years .The weight gain will not relapse.
Captain. Ehtesham Mirza
By: Captain Ehtesham Mirza
Learn to Play Craps – Tips and Strategies: Craps Terms (Part 6)
December 28th, 2009In our final session of learning the language of craps, let’s look at those that cover the letters S to Y in alphabetical order. Craps terms beginning with other letters are defined in my other articles.
Self-service = Bets on the layout that the player makes himself without the dealer’s help (e.g., Pass Line, Field, Come).
Seven Out = When the shooter rolls a 7 after a point has been established to end the game.
Shooter = The player who rolls the dice.
Shooter On The Dark Side = A shooter betting the Don’t Pass.
Single Odds = A free Odds or true Odds bet equal to the Flat Pass Line or Flat Don’t Pass bet.
Skinny = The same as Big Red or Any Seven.
Sleeper = A bet that continues to parlay up because the player has left the table.
Slow Bleed = A player losing his bankroll slowly but steadily.
Snake Eyes = Eyeballs or aces.
Square Pair = Two four’s. A Hard 8.
Stacks = Cheque stacks that the dealers use to pay off winning bets.
Stickperson = The dealer who uses the mop (stick) and calls the action.
Stiff = A player who doesn’t tip the dealers.
Still Up = What the dealer might say to remind a player that a bet is still live.
Stroker = A player who hustles bets at the table or makes it difficult for the dealers to work the table.
Studio 54 = The number 9.
Sweat The Money = When floor people get nervous because the players are winning big.
Table Sign = A placard on each side of the table defining the table minimum bet, maximum bet, and maximum odds allowed.
Taking Odds = Adding a true Odds bet on the point behind the Pass Line.
Tapping In = When a dealer comes off break and returns to the table, he “taps” the dealer that he’s replacing.
Tidy The Bowl = When the stickman aligns the extra dice in the bowl into a neat row.
Too Tall To Call = What the dealer might say when a die lands on top of the casino’s cheque stack or in the rack.
Toke = A tip for the dealer.
Towel = A player temporary leaving the table (e.g., going to eat or to the bathroom) may request that a cloth be placed over his cheques in the rack to protect them until he returns. This holds the player’s position at the table and prevents a new player from taking that position.
True Odds = The mathematically correct odds of a number appearing compared to another number.
Tub = A small one-dealer craps table usually in small casinos. Also called a mini-craps table.
Turn The Dice = When the stickman flips the dice with the mop (stick) to avoid pushing them to the shooter with a particular number showing.
Two-way = A bet for the player and the dealers. For example, a $2 Two-way Hard 4 bet is a $1 Hard 4 for the player and a $1 Hard 4 for the dealers.
Vigorish = A 5% tax, or commission, the player pays the house for the privilege of getting true odds. Also called a vig.
Wall = The back wall.
We Need To Feed The Chickens Not Kill Them = What the stickman might say if the shooter throws the dice too hard.
Weaki Weaki = A roll that doesn’t hit the back wall (Hawaiian).
Whip = The mop (stick).
Whirl = A bet in multiples of $5 that the next roll will be a 2, 3, 7, 11, or 12. For each $5 bet, $1 is put on each of the five numbers. Also called a World bet.
Working = A player’s bet is on, live, or in play.
World = A Whirl bet.
Wrong Bettor = A player who bets against the dice (i.e., that the shooter will roll a 7 before the point number). A Don’t Pass bettor.
Yellow = A $1,000 cheque.
Yellow Light = When dealers should be careful about hustling tips because floor people may be watching.
Yo = The number 11.
Yo-leven = The number 11. Same as Yo. The stickman says “yo” to distinguish “eleven” from “seven” so the players don’t misunderstand the stickman’s call.
By: William Enslen Jr
