Monday, January 5, 2009

take a look at the market

We have trillions of dollars traded daily, by millions of different traders and to say that you can say what this vast mass of traders is going to do in such a short time frame, as a few hours is laughable.

Fact:

All short term volatility is random.

This means that prices can and do go anywhere in a day – support and resistance levels are not valid, so it doesn’t matter how good your technical indicators are they will fail in this random environment.

I have seen successful track records though!

Sure you have – and their sold by vendors with a vested interest.

There are loads of them and they are all designed to bring forex scalping to beginners - for a few hundred bucks you get rich, sure you do.

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