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Don't trade...flip a coin

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Uploaded by on Apr 15, 2009

Eckhart from the Turtle Traders says in "The New Market Wizards" that when left to their own choices, people are better off flipping a coin than doing what feels good. Find out why, and how to get a trading plan in this video...

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  • it would be true if forex would have 50% probability, but it doesnt because of spread. So if you do the oposite what noob doeas you loose also. Ha ha. Not that easy as it looks like...

  • This is very true... but you don't have to lock in the 'opposite' of what your feeling tells you... just take note and exercise PATIENCE, reassess, and yep, most of the time the market will move the opposite direction. There will always be another trading opportunity, change is the only constant.

  • So, why not create a forum where you allow new traders to trade the market, all the time taking the opposite trade to make "thousands," as you say.

    Or, create a Newbie system and trade the opposite of the system. When the Newbie says "go long," you go short.

  • hhhhmmmmmm!!!!!!!!!

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