Dear All,
It is said that in the forex market, 95% are losers while only 5% actually make money.
Now I want to start an experiment to somehow prove it and take advantage of it!
Everyday I'll post a poll of the major currencies and ask for your opinion if it's heading up or down. Your vote of up or down must arise from your actual analysis, and better off after you have just opened a position based on your analysis. Then based on the poll, we can decide the direction of the day. Below is an example:
If in a GBP/USD poll, 100 traders here voted, 67 vote up and 33 vote down, based on the majority of traders lose and only a few wins, we can then predict that: 67% chance GBP/USD will move down, 33% chance GBP/USD will move up. That is, against the poll result.
I'd like to have this experiment run for a few months, and if it really proves that most ppl make the wrong decision, then the next time when we trade, we forexfactory traders can just take a look at the poll result and trade against it
NOW The key to the validity of this experiment is that you MUST plan your trade as you used to, using whatever systems, strategies you adopt. Even better than that, You have just made a trade based on your analysis, then right after that, you come to the poll and vote your trade direction.
Now I'll start the experiment with the poll for next Monday's currency pairs directions. I'll first include gbp/usd, gbp/jpy and eur/aud. I like these pairs 'coz they move more pips and are more trendy. Pls suggest your favourite pairs. Thanks!
It is said that in the forex market, 95% are losers while only 5% actually make money.
Now I want to start an experiment to somehow prove it and take advantage of it!
Everyday I'll post a poll of the major currencies and ask for your opinion if it's heading up or down. Your vote of up or down must arise from your actual analysis, and better off after you have just opened a position based on your analysis. Then based on the poll, we can decide the direction of the day. Below is an example:
If in a GBP/USD poll, 100 traders here voted, 67 vote up and 33 vote down, based on the majority of traders lose and only a few wins, we can then predict that: 67% chance GBP/USD will move down, 33% chance GBP/USD will move up. That is, against the poll result.
I'd like to have this experiment run for a few months, and if it really proves that most ppl make the wrong decision, then the next time when we trade, we forexfactory traders can just take a look at the poll result and trade against it
NOW The key to the validity of this experiment is that you MUST plan your trade as you used to, using whatever systems, strategies you adopt. Even better than that, You have just made a trade based on your analysis, then right after that, you come to the poll and vote your trade direction.
Now I'll start the experiment with the poll for next Monday's currency pairs directions. I'll first include gbp/usd, gbp/jpy and eur/aud. I like these pairs 'coz they move more pips and are more trendy. Pls suggest your favourite pairs. Thanks!
make some money, have some fun, leave some footprints