Would you agree trading is a game of probabilities?
I don't agree that "nothing can be predictable in forex". Start with the range (for example) : range for the next day is at least 99% predictable, which means that it is not a "random game". If it was random the range would be unpredictable too
You're right a part, we can assure we will win but nothing can be predictable in Forex was wrong. A lot of trader with indicator, robot often bring money from Forex to their pocket. They actually couldn't know exactly pips would reach but they know the range and they adjusted their trades to win it. So Forex is not like you asked/
Totally agree with you
YES ! the probabilities are ONLY that count !
IF You can trade with right perspective - and have an edge - left the rest work for probabilities ... and just flow in and out trades !
No, trading is neither game nor casino. it is a skill job. Nobody can do trading without being training or learning.
I won't agree with you on that. If you are saying forex is a game of probabilities, it means we all have to depend on luck. Those who make money from forex are those who have the ability to analyze the market using fundamental and technical methods, while those who lose are the ones that chose to gamble and trade without proper analysis.
I don't agree that "nothing can be predictable in forex". Start with the range (for example) : range for the next day is at least 99% predictable, which means that it is not a "random game". If it was random the range would be unpredictable too
Yes, forex trading is a game of probability. That is why it is often referred to as another form of gambling. However, unlike lottery gambling, you can determine the winning probability in forex trading if you are able to trade with discipline and follow a winning strategy.
Do know that there are no strategies that can win you 100% of the time, which is why it is imperative that you apply a strategy for a period of time to allow the probability to play out. Using a demo account during this period of testing is important so as not to waste your money trying something that is a dud.
When you find a strategy that you can resonate with, then apply it consistently in the market. This is the part where you can control, thus trading the market is not a random game. You cannot how the market moves but you can control how you trade.
The probability in Forex trading is much more. If any trader know how to make best use of his trading skills with more confidence and more strategy then the possibilities in Forex trading is much more to earn a huge amount of money. I join a trading game -trade1on1 few days ago- it's all about competing other trader in a 1on1 games or tournament. After playing a few games there- frankly I can see a great probabilities of winning there.The rules are easy to learn and with a little bit of practice, you'll be meeting and beating players from all over the world in no time at all!
Players agree upon a real amount of money that goes into a common pot and they gets a virtual amount of $100,000 for trading. When the time's up, the player with the highest return on his virtual portfolio wins the real money in the Pot.
Really a quite unique way of trading.
yes you are correct Alex.I find it a very interesting game you can earn big profit in short time if you are a good trader knowing strategies how to defeat your opponents. You must always keep watch on your opponents’ equity. I think trade1on1 is a interesting and challenging game. Any people can start this trading there.
somehow its like a gamble try this site for more forex related info. <span style="color: #333333]]
I will not let all on probabilities when am up with trades. We know that Forex is a market where you should build your strategies around the information and techniques provided from the internet. We all know that we can use many criterias to trade forex in general and we have to develop a techniques to trade forex to the MAX
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For me Forex trading is all about the skill of estimation; its all about chances because nothing in Forex can be predictable meaning no strategy and system that could guarantee anything.