Randomness

Henry · #1 (**permalink**) 16-08-2009, 08:53

Has anyone read BWILC? The author claims that the market is random and price movement cannot be predicted. I think he is right. When I started out on a demo account, I treated it in the same way and was quite successful - to the tune of 10 000 pips per week but that is very hard work.

What are your thoughts on randomness in the currency markets?

Henry · #2 (**permalink**) 17-08-2009, 13:30

Quote:

Originally Posted by Henry

Has anyone read BWILC? The author claims that the market is random and price movement cannot be predicted. I think he is right. When I started out on a demo account, I treated it in the same way and was quite successful - to the tune of 10 000 pips per week but that is very hard work.

What are your thoughts on randomness in the currency markets?

After I wrote this I thought about giving that method a try again. I am up about 1250 pips for the day. The problem is that you cannot leave your workstation whilst your trading and programming an EA is near impossible. So do I leave it or carry on?