Why did you decide to trade on Forex? - page 2
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Sometimes it is easier to play Blackjack. :-D
It's definitely easier to play online poker at a successful level, but they are actively fighting against automation tools, while forex brokers seem to be more than happy of having robots
100% True. I taught trading was a natural evolution from Blackjack card-counting. Why Forex, well because I could open an account with just $10. My thinking was its low-risk, comfort from home, no-commissions, freedom. I could say proudly, I'm a trader not just a gambler. If I can beat the dealer, this should be a piece of cake.
Boy was I wrong. If price movements are 100% random. Then we'll all lose at the rate of the spreads we're paying. I'm still researching which percent of this thing can be forecast.
100% True. I taught trading was a natural evolution from Blackjack card-counting. Why Forex, well because I could open an account with just $10. My thinking was its low-risk, comfort from home, no-commissions, freedom. I could say proudly, I'm a trader not just a gambler. If I can beat the dealer, this should be a piece of cake.
Boy was I wrong. If price movements are 100% random. Then we'll all lose at the rate of the spreads we're paying. I'm still researching which percent of this thing can be forecast.
In my opinion:
I think trading is all about discovering some patterns with favorable probabilities.
In my opinion:
I think trading is all about discovering some patterns with favorable probabilities.
I agree with all your Bullets %100. However there's no guarantees that those patterns will continue working in future. And usually, they do stop working, sending the trader back to the development cycles. It takes time for a pattern to confirm itself, it also takes time to convince a trader using this pattern that it's no longer working. There's a real money costs associated with these time periods.
Patterns can take a sudden change at some point, but afterwards will get in line. I believe that going over the loss in such cases and continue with it you will gain on the long term.