I see lots of folk struggling to make a crust trading at the retail FX business, struggling for many years to take anything from the market. Anyhow, I recently came across a man who, rather than put effort into: learning how to exchange, learning how to code MQL4, backtesting, forwards testing, various s for decades, whilst holding down a full time job etc, had developed an algo to scrape info. From many leading copy websites, then spread his risk across many of the board leaders, or traders wth outstanding returns versus risk/drawdown.
He correlated it with other software he#8217;d developed; that scratches information and takes sentiment readings from societal media #8216;websites #8217; (Twitter, Facebook) and sentiment readings from trading forums. He reckons he was creating a fine return, 35 percent p.a. on a six figure account.
Got me thinking as to why so many men here persevere with the torture of trying to learn how to exchange (whatever that means in the retail market area ) and don#8217;t only copy the plank leaders? Now obviously I8217;d be looking for men who have little drawdowns, risk a small percentage of the account per transaction, aim for realistic returns etc. but there#8217;s many ways of you men balancing your vulnerability.
I also started to think of another generation of short attention span retail traders, let#8217;s call them the App generation, surely they8217;re not going to go through the pains of learning how to trade, spend thousand of hours staring at charts? Look at how they8217;ve speculated on BTC etc..
Now I have read various opinions that e-toro, Zulu, Collective2 etc are not what they appear, #8220;you get ripped off for spreads once you copy trade into their service, the websites are chokka full of fraudsters desperate to get to the top of the greasy pole by whatever way, the drawdowns are eye watering, there#8217;s many Asian men who have countless profiles, running countless so on there#8221;, etc, etc,
Be interested in any opinion, not an area I#8217;ve paid attention to. TIA.