A topic for traders. - page 194

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Uladzimir Izerski #:

I think chess has a more predictable outcome on winning than forex . Well, if chess doesn't help, you should just smile with me.

Forex is so complicated that often smart people do not get to the end thinking they know all the theory. Sometimes you need to go a little further (e.g., discard the extra stuff), and use those most reliable signals to win seldom but aptly.
 
secret #:
For me, the good thing about trading is that it is a direct conversion of intelligence into money.

That's the thing: the intelligence-profit correlation is almost nil.)

 
Uladzimir Izerski #:

If the peeple can't play poker profitably, there's nothing for them to do in the markets.

I don't play poker at all, but my robots trade profitably.

Although, of course, the market is closer to poker than to chess.

 
Always wondered why. Too lazy to type any further.
 
Andrei Trukhanovich #:

That's the thing: the intelligence-profit correlation is almost nil.)

The scientific approach rules the day.
 
secret #:
The scientific approach rules the day.
Only an intellectual can win steadily in Forex! Anyone can win by chance.
 
Andrei Trukhanovich #:

That's the funny thing, the correlation between intelligence and profit is almost nil.)

Intelligence comes in mental (default), social, physical health, intuition and other. Translated nicely, it's a level. And yes, purely intelligence is not a sufficient condition for a good life, work or trading)))))

 
Valeriy Yastremskiy #:

Intelligence comes in mental (default), social, physical health, intuition and other. It's a good translation of level. And yes, purely intelligence is not a sufficient condition for a good life, work or trading)))))

Intelligence and persistence are essential for success.
 
Yes, I wouldn't say that trading requires a special mind - some people just get lucky, but chess requires a mind - otherwise people like khorosh and Nepomniyashchiy will flood this space.
 
Alexander_K #:
Yes, I wouldn't say that trading requires a special mind - some people just get lucky, but chess requires a mind - otherwise the likes of khorosh and Nepomnyashchiy will flood this space.
Chess is combinatorics; it does not need a sharp mind, but a routine of analysis. A chess player may well be a good performer, but he does not make decisions.
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