Fascinating read! Thanks for posting it! I've also attached a link to an article regarding a Michigan couple who made millions of dollars betting on the lottery. The individual in the article had a passion for mathematics and figured out that a certain lottery game had a positive expectancy when certain conditions were met. Moreover, his expectancy increased the more bets that were placed (in some instances 10's of thousands of bets per draw). This approach is much like described in the second attached article regarding the success "secret" of professional gamblers (numerous small bets with slight positive expectancy). Makes you think about the keys to Forex trading: diversification, trade frequency, slight positive expectancy, and small bet size.
Fascinating read! Thanks for posting it! I've also attached a link to an article regarding a Michigan couple who made millions of dollars betting on the lottery. The individual in the article had a passion for mathematics and figured out that a certain lottery game had a positive expectancy when certain conditions were met. Moreover, his expectancy increased the more bets that were placed (in some instances 10's of thousands of bets per draw). This approach is much like described in the second attached article regarding the success "secret" of professional...
Ignored
True when you pick an algorithm against lottery made by people, wrong when you try to get a consistent edge over markets. Billions of factors affect exchange rate of currencies which are basically a random walk, i.e. absolutely unpredictable process with the infinite end.
