I've noticed a large influx of systems on FF featuring repainting indicators.
It seems like the more it repaints, the more followers the system has.
I have a theory as to why this is.
The worse the economy and the harder it is to find a job, the more people look for a way to make a living without a job, starting with $200.
This sets up a wave of newbies into forex. These beginners are naturally attracted to repainting indicators because looking back on a chart, it looks like they achieve a 100% win rate. It's the old "weekend millionaire" effect.
I predict we'll see more of these systems along with martingale and money management schemes supposed to generate profits with a coin toss.
It seems like the more it repaints, the more followers the system has.
I have a theory as to why this is.
The worse the economy and the harder it is to find a job, the more people look for a way to make a living without a job, starting with $200.
This sets up a wave of newbies into forex. These beginners are naturally attracted to repainting indicators because looking back on a chart, it looks like they achieve a 100% win rate. It's the old "weekend millionaire" effect.
I predict we'll see more of these systems along with martingale and money management schemes supposed to generate profits with a coin toss.