Jump to content
Sign in to follow this  

Trading misinformation:Quack views on brokers and trading

Recommended Posts

Sometimes  I go to quack private trading forums and read something like this.

 

 Sun tzu applied to trading

“Maintaining the goodwill of the people is essential to win the battle.”

Applied to trading – The people of a nation will support a war if it has a clear purpose and benefit to them. Similarly, as a trader, Scalping too much and/or applying automated trading programs isn’t an acceptable behavior to the broker, which will end up with him closing your account and then with you not being able to sustain your trading activities. 

 

https://en.wikipedia.org/wiki/Sun_Tzu

 

Makes one wonder how much misinformation is given to traders.Brokers love a scalper who will give them 50 spreads a day , as opposed to the  trader who trades once a month.Applying automated trading programs is not an acceptable behaviour ?.If a trader has bots doing 50 trades a week , surely the broker must be happy.

 

How much misinformation is posted in the internet ,books,analysis, quack forums, seminars etc etc etc?Just imagine 20,000 trading books, there is only one road from A to B ,yet traders are bombarded with 20,000 maps, one indicator does the job yet there are over 5,000 indicators on mql4.com site.If a driver had 5,000 indicators, he would not not which direction to take, in his very simple journey.

 

Aren't traders bombarded with too much information to be successful?

 

 

Share this post


Link to post

Which book has map to the trading gold mine?

 

Can the book writers (people who have failed at trading ) not write 1 book, instead of 20,000 books to totally confuse the readers/new trader?

 

We go to private trading forums, to be misinformed by the regular high priests of noise, they have 50,000 threads on opinions of trading successfully, multiply that by 20 forums of misinformation. = 1,000,000 useless opinions and analysis by the high priests of noise.Does a trader really need that?

 

If all  technical analysis was reliable, one could make a robot or a series of robots, to make a profitable robot?

 

Why are they giving you hundreds of price action videos, when a stochastics indicator does the job?Why are they inventing 5,000 more indicators when the stochastics is adequate for the job?

 

Trading is very easy and very simple, but every internet guru, author and other charlatans want to sell you the holy grail, essentially the blind leading the blind, and leading new traders on the wrong paths, their paths of unproven trading.In the gold rush, the only people 

 

Get rich selling education,indicators,software,price action courses, backtesting software,signals, tools, picks and shovels for the traders..............but please don't forget to sell them t/a maps or books, when you don't know the map to the gold.

 

https://www.startwithhatch.com/picks/

 

All these trading gold rush merchants will ensure they get rich first. Which book has map to the trading gold mine?

Share this post


Link to post

There are forum threads on other forums designed to mislead new traders ,and keep sponsors and vendors happy.After all the sponsors pay for these sites.These sponsors benefit from over trading day traders ,if day traders over trade , it does does not matter if most lose , as long as sponsors get more income from spreads.

 

Forum threads which provide misinformation

 

http://www.trade2win.com/boards/first-steps/224732-forum-threads-provide-misinformation.html

Share this post


Link to post

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Member Statistics

    • Total Topics
      12,495
    • Total Posts
      63,555
    • Total Members
      84,448
    Newest Member
    arshud
    Joined 28/09/20 00:01
  • Posts

    • Is that a trick question..? I'm trying to have a broad picture.  And to consider (and develop an understanding of) as many influences on prices as I can.
    • And just so you can 'get where I'm coming from' for the last 6 months here is a data set from Asia I posted way back in February (Daily Dashboard thread). Looks pretty similar doesn't it and certainly a million miles from Ferguson's model predicting hundreds of thousands of deaths.
×
×