Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Therefore you can be sure that there are no simple recipes (like "buy when above moving average") that make you a winner.
Also simple arbitrage strategies don't work in this area because all shops are connected.
Don't assume they are just dumb bucket shops.
Furthermore it might be helpful to keep in mind that betting is widely used for money laundering.
You can be sure that the people that keep up businesses which need such services don't leave too many holes to let over people live of their "work".
Can you help answer these questions from other members on NexusFi?
SO all retail betting are losing money, like the 95% of the retail trader?
So as you write..." there are not simple recipes (like "buy when above moving average") that make you a winner" what kind or recipes...
I don't assume that are dumb bucket shop but I think the could be a key to win money from them?
I don't know about laundering and betting and how this concert with trading, please what so you mean?
SO what is their business take monet from the trader and poor user?
For a while, I was trying like most popular indicators existing around.
It is hard to say they are useful, market is mainly pushed by weight of money, and sudden steamers or drifters, not all the time though.
If all the players are exact size, like 500 stakes, it could work. But when the public money or giant bookie bets come in to the market, the balance changes very quickly. At that point indicators are not able to help..