Resolved Question
About traders not wanting to share a trading system?
I read a while back that traders dont like to share a system because if more people know of a system, the less effective it could be. Is that Right?
I thought that if anything the more a system is used the more reliable it could be. because if a surge of people open the same position doesnt that strengthen a rally? For instance with Fibo and S&R, arent they reliable because of the fact that many traders follow them?
about 1 year ago
Best Answer - Chosen by Asker
I think it's better for traders to share their system because it could improve its profitability. Like you mentioned, the more traders who watch fibs and support/resistance levels, the more self-fulfilling those indicators could be. Maybe some traders don't want to share their system because they want to keep profits to themselves. Kidding!
about 1 year ago
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