The writer of the text is absolutely right by saying that we cannot be 100% correct about the market and all of its movements. It is true that if there is adequate risk reward ratio, there is no need to be 100% right to make forex trading profitable. 50% of success can bring you profits.
well, nowhere can you be 100 percent successful with your actions, after all, there is always that part where the wrong action will be taken
It is impossible to disagree with this statement. It is just sheer arithmetics which cannot be discussed. Risk/reward ratio is one of the most important things in trading as it is next to impossible to be 100% right on the market because markets are totally unpredictable. If you are right in 50% of cases with a nice risk/reward ratio, then your trading will be profitable.
Nov 01 2021 at 18:47
Unellene posted:
well, nowhere can you be 100 percent successful with your actions, after all, there is always that part where the wrong action will be taken
Yes. But you have to take all the decisions very carefully.
Nov 02 2021 at 00:54
Beallador posted:
The writer of the text is absolutely right by saying that we cannot be 100% correct about the market and all of its movements. It is true that if there is adequate risk reward ratio, there is no need to be 100% right to make forex trading profitable. 50% of success can bring you profits.
Price Action Trading System Traders can study this. There is an idea about risk ratio. Generally speaking, if traders trade at a 1: 2 or 1: 3 risk ratio, their profit percentage is higher than the loss.
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