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Old 05-21-2007, 06:25 PM
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Re: Newbie Forex Questions

The common indicators are statistical indicators, despite the fact that most people seem to be relying on them I believe them to be sucker traps.

Have a guess why bucket shops are happy to provide an assortment of indicators.

They work the same was as a roulette wheel, you win often enough to think you are onto something but then you lose just often enough to give your winnings plus some of your own money to the bank.

Any system you rely on has to be backed up by your own savvy IMHO, knowing when to stay out, regardless of what your indicator or system may be telling you, is a damn good insurance policy.

There will always be another day if you are cautious, but if you blow your startup money there may not be another day.

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