Would you agree trading is a game of probabilities? - page 2
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No, trading is neither game nor casino. it is a skill job. Nobody can do trading without being training or learning.
Obviously- Forex isn't like other business. Earning money from Forex trading, completely depends on you, you skills, your experiences. Only few traders get profits from this platform, because they've much experiences and analytic skills. I just wanna be a successful trader like them.
Trading is all about finding high probability trades by using repeated patterns that have produced favorable results before.
The skill here is to identify such patterns.
No luck, see the wrong thing, get punished. Simple
I am convinced that trading is not a perfect science. It requires a great capacity, experience and the management of your own behavior to achieve the highest probability of success.
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
I second that!
Since you refer to trading as a game I have to say no. The forex market is not an online gaming or gambling platform, it is a financial market.
Too high leverages make the forex much like a casino game, if not treated with extreme caution.
I think trading is buying low and selling high, otherwise it is indeed a game of probabilities.
Modern probability theory is distorted by post-Karl-Pearson mathematicians. Therefore be carefull with the word "probability".
It can be said that forex is game of possibilities because we make analysis and then expect that price will move like that and if it does not move like it is the other possibility.
Its a true fact that there is no 100% fool proof system in the forex market and everything is a total combination of your analyzing skills and management skills which will fetch you profits while trading in the highly risky forex market. Taking up the best and high probability trades will lead to profits.