I really am in need of a good system for futures trading... It seems as if everytime I go long its short and vice versa... please help.
2006-09-19 01:39:34 · 4 answers · asked by Blizzzard 1 in Business & Finance ➔ Investing
Sounds like you should pick a trade and then do the opposite. That's as good as any at picking the direction of a market in advance without a crystal ball.
I prefer a sure thing myself, so I quit trading.
2006-09-19 03:23:20 · answer #1 · answered by Anonymous · 0⤊ 0⤋
An academic study a few years ago show that assuming a random walk performs better than any system using macro data.
The only variable shown to be a good predicter of future movements in the FX market is Order Flow. Unfortunately, this is informatino only available to dealers -- meaning that ordinary individuals are at an informational disadvantage.
Your best system for trading FX is not to trade. Your second best system is to flip a coin.
2006-09-19 11:27:28 · answer #2 · answered by Ranto 7 · 0⤊ 0⤋
STOP TRADING. Go to a casino. You get free drinks when you lose your cash there.
Seriously, futures are only for the super sophisticated trader.
2006-09-19 14:08:31 · answer #3 · answered by tank_dogg2006 1 · 0⤊ 0⤋
Buy low, sell high.
Or simply do the opposite of your intentions.
2006-09-19 09:38:30 · answer #4 · answered by jarynth2 2 · 0⤊ 0⤋