I often hear that if someone has a really good and working trading system, he will never share it and will keep it only to himself. According to many Forex book authors, it is highly unlikely that a trader who found some profitable strategy or developed a consistently lucrative FX robot will start selling it publicly or sharing it for free. As I see in the forums, this opinion prevails among many currency traders — both experienced and newbies. On the other hand, there are many traders who are sharing what they claim to be a working strategy.
I am myself sharing a lot of expert advisors and Forex strategies. Not all of them are profitable (some are not even intended to be), but majority of them has shown particularly good results during a limited period of testing at least. I believe that if I could find a Holy Grail trading system, I would not mind sharing it too. After all, I will be making enough money with it alone — why bother with trying to sell and market it?
However, there is another opinion. Some opposers of the sharing idea insist that a system that is used by many traders becomes useless. The more traders employ some strategy the less effective it becomes. While the argument seems somewhat plausible to me, I doubt that it is possible to popularize one’s strategy in such a way that it will be used by some significant number of market participants.
And what is your stand on sharing the secrets to successful trading?
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