Ignore market predictions, react instead | Forex Factory

  • Ignore market predictions, react instead

    From marketwatch.com

    I have been in the financial industry for over 20 years now, first as an intern, then an assistant and finally as an advisor. Here's what I know more than anything about those affiliated with Wall Street and the financial world — they make a lot of predictions. What I also know is that most of those predictions are wrong. Usually the predictions are about the broad economy and markets. These forecasts are almost worthless as the economy and markets are just too big to correctly analyze year in and year out. Sure, a few predictions each year will be pretty close to the mark, but I have yet to find anybody who has ... (full story)

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Boy Wonder
Dec 19, 2013 3:30pm
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"I work with a few other money managers who use this scary thing called "math" to help follow the trends of the markets. What the best quantitative tactical-asset managers have been able to do for my clients is, in fact, ride the markets most of the way up, while ducking away from most of the downside in corrections. They're not perfect of course, but they tend to beat both mutual fund managers and the passive indexes.

In essence, what they are doing can be thought of as "super indexing.""

Translation: "I'm amazing. You already want to know more. Be a winner: Give me a call and if you're worth my time you can wire me your funds pronto".
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The Fool
Dec 19, 2013 1:16pm
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Your reactions can be predicted.
Ill-b-back
Dec 19, 2013 2:04pm
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Then they should stop with the failed predictions published in FF news section
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frx_trader
Dec 19, 2013 11:00am
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Easily said than done. The market can move hundreds of pips in just a few fraction of a second. Just for you to know that it's faster than a blink of eyes.
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Spreadbetter
Dec 19, 2013 3:46pm
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Odd article, follow price when it goes up, follow price when it goes down, not predictions. And price is determined by fundamental policy decisions, high impact news events, rumours and the odd "wtf! I didn't see that coming" outlier. Who the fukc trades off "predictions"? Don't answer the last question, probably 95% of FX traders who trade off their own predictions.
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Trader#FF76
Dec 19, 2013 10:59am
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I agree, because if we are follow in market prediction, surely we wait long time to benefit
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