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Posts by forex_trader_18639
Winsor's Five Trading EAs in Real Time
in
Experienced Traders
Sep 22, 2010 at 15:19
Funny enough, yes, self taught. Read a lot of books, tried out ideas, lost some money, made some money, reflected on what I was doing right and wrong, got cheated a few times, learnt some lessons that way, added to my knowledge of economics, mathematics, statistics, psychology, re-read some books, read articles on the web (I started trading before the web came), kept on trying again and again, refine, re-try, learn. These days, there are many blogs and forums where people discuss trading (like this one) where one can pick up ideas. Not because somebody is offering them out of altruism, but per...
Winsor's Five Trading EAs in Real Time
in
Experienced Traders
Sep 22, 2010 at 14:46
Steve,Making money is inherently a competitive activity. The market is a battlezone, a zero-sum (in fact negative sum) theatre. I don't see any examples of altruism in the business / money-making world. Charity is a different matter. People earn their money, and then give to charity in ways that are far removed from their main business. Does Bill Gates coach Steve Jobs, or vice versa? Does Goldman Sachs put its trading algos into the public domain 'to help others reach their financial goals'? Does a local bakery with a hot selling chocolate cake share the recipe with its rival down...
Winsor's Five Trading EAs in Real Time
in
Experienced Traders
Sep 22, 2010 at 14:26
Winsor,Interesting experiment. I just have a simple question - if your systems are so consistently profitable, why wouldn't you just trade your own account and make as much money as you would want? Even starting with just $10k, you could be a millionaire in a year, and a billionaire or more in 2 years. So why would you be soliciting for chump change like $33/mth fees for the EAs? Even assuming you sign up 1000 clients over a year, it would still return you less than your systems do, with the added burden of managing that business. I am a reasonably successful forex trader, though not with ...
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