Forex market is an unpredictable

The forex market is unpredictable, but if you trade correctly, you can make a lot of money by trading. Technical analysis is one of the ways to predict the price of a currency pair.

Given that the market is unpredictable, you should work on creating a trading plan. There’s an old saying in the market, “one who fails to plan is the one who plans to fail ” and I can agree with this statement from my heart and soul. It’s hard to make decisions when the market takes turns in seconds. Therefore, it’s always advisable to keep a trading plan up your sleeves and make decisions accordingly.

Yes, There's no doubt that the forex market is unpredictable. If you have the knowledge and skills, then forex trading can be very rewarding; Otherwise, the chances of losing are more common.

The forex market is unpredictable 90% of the time. It is the remaining 10% that we must wait for good opportunity

Michihito posted:
Forex market is an unpredictable market. But even after that you can predict some movements if you know the art of technical analysis of forex. Forex trading is not about being 100% correct. It is risk reward ratio. Your winning trade should be more than losing trade if your risk reward ratio is 1:1. People select their risk reward according to their ability to trade.

I agree with the statement that the Forex market is unpredictable. However, it is a game of probability as well. Any trade may go towards our direction or may not go towards our direction. If we can maintain better winning ratio with good risk-reward ratio, at the end of the day, we would be able to make money by trading. This is what the good traders do as well.

Forex trading certainly cannot be regarded as a 100% probability system. This is the ratio of the expected return to the expected risk. Anyway, we live in a world that operates on the principle of probabilities.

Yes, traders only try to analyze the market based on technical trading tools and also fundamental news to filter trading decisions, because no accurate trading analysis 100%, hence traders need to trading use risk management, stop loss, trailing stop, hedging os few ways to manage the risk.