Another comment on xodds.com ...
>Whether or not they pay I don't know because I only tried the free version
>to figure out the game.
>I'm no expert but after a couple of months wrangling with their system and
>losing huge amounts of money
Yes! It appears to be completely honest.
Also, I put in a test amount of money here on the list (I think it
was 10 grams) and ran it up to 50% profit (ie, 15 grams) in 4-5
trades, and then withdrew it all.
I used the "public display" feature so anyone here could or can
openly see the trades (I've lost the link and can't be bothered
getting it again, but it's in the archives I guess).
Happy trading!
>I tend to with your assessment of them taking the short side.
Just FYI Joe and Hans, I do not believe they "take the short side"
{That would simply mean they would lose all the time when the trend
is down, right?}
The system is explained somewhere on the site, apparently they just
do a calculation using the Black-Scholes formula (all the "greeks"
are in fact calculated and shown to you for each trade) to arrive at
a statistical price for your position, and they add a fixed
percentage commission (10 or 15% I believe)
In practice IMHO it feels very much like trading futures or options.
The maths was arrived at by a gent Jean-Yves Sireau, who appears to
be very clever indeed!
>Their explanation of "fixed-odds trading" made me think there would
>be a little room to squeeze out a few easy bucks but if it's there,
>I didn't find it.
Yes, IMHO there is no "squeeze" room in there, which sucks, ie, it is
not like trading say very long options.
It is just like investing in the sense that Warren Buffet is a good
investor, which is annoying!
There are no tricks to it at all, you just have to guess exactly
which way the market or stock is heading.
xodds is one of the cleverest sites on the web, IMHO. It is GREAT
that they take e-gold!
Also don't forget http://bamdex.com where members trade a direct
comissionless futures contract on the USD v. gold price. You can
trade ten thousand dollars worth --- with only 5 grams of gold margin!
Where, BOB, I just made
>Unrealized loss/gain: 2.52 grams
2.52 grams profit on the recent price movements!! Whoo!!!!! :)
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