Forex market is an unpredictable

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.

Yes. Forex is very unpredictable. If you have a lot of knowledge and experience, you can survive in this risky and unpredictable market.

You cannot predict the future and if you try, your predictions will be as accurate as your horoscope.. There is however a big market in people who say they can predict and many theories that say you can such as Elliot wave, Fibonacci, and Gann.

Forex is the largest financial market. With 5 trillion trade averages. It is possible to work with 90% probability in this market. But if it is 100% targeted then it will be wrong. Investment can be risky. So it is better to work risk free.

We can't predict all the time in all our trades. That's why risk management is very important for trading. But unfortunately most people don't follow proper risk management system.

LukeRachel posted:
Forex is the largest financial market. With 5 trillion trade averages. It is possible to work with 90% probability in this market. But if it is 100% targeted then it will be wrong. Investment can be risky. So it is better to work risk free.

90% is never going to happen. Only scammer claim 90% accuracy. The reality is more like 60% at best

RobSchiz posted:
Forex is very unpredictable. No one can tell what is going to happen in this market.

People can.

garlicbread posted:

LukeRachel posted:
Forex is the largest financial market. With 5 trillion trade averages. It is possible to work with 90% probability in this market. But if it is 100% targeted then it will be wrong. Investment can be risky. So it is better to work risk free.

90% is never going to happen. Only scammer claim 90% accuracy. The reality is more like 60% at best

Of course, I didn’t give any numbers. I am saying that there is a chance to make 50-60% profit per month. Don't make a profit again in a month. Traders cannot be fed up with these. Need to trade positively.

@skihav Yes Forex market is indeed unpredictable and complex. That's why risk management and trading psychology is very important for success along with trading skills.

UweMoench posted:
@skihav Yes Forex market is indeed unpredictable and complex. That's why risk management and trading psychology is very important for success along with trading skills.

exactly and when we're dealing with probabilities we dont know if our next trades will be winners or losers but we do know if we have a mathematical edge in the long term we will be successful

That's all it is. A probablilities game. Stack the odds in your favour as much as possible and then let the maths play out.

@sebking1986 Yes it's a probability game. That's why risk management is so important. But most people don't care about risk management. They come with unrealistic expectation.

CraigMcG2020 posted:

UweMoench posted:
@skihav Yes Forex market is indeed unpredictable and complex. That's why risk management and trading psychology is very important for success along with trading skills.

exactly and when we're dealing with probabilities we dont know if our next trades will be winners or losers but we do know if we have a mathematical edge in the long term we will be successful

Expectations are a very important issue in trading. If I keep the demand very high, the profit will be very difficult for me. For this we have to think logically.

Due to the fact that Forex is the most unpredictable market in the world, we should have a good plan and be very careful about investing our time and money. In addition, I also agree with you that making profit from just guessing is totally luck, and sometimes luck can be hard to find, so we should keep an eye on the market and deal with it using our own skills and knowledge.

That’s right. We can speculate the market, but not guarantee exactly how it will go. However, with the help of fundamental and technical analysis, you can increase your odds of winning your trades.

whitneytyler posted:
That’s right. We can speculate the market, but not guarantee exactly how it will go. However, with the help of fundamental and technical analysis, you can increase your odds of winning your trades.

Yes. I agree with you.

Trading is risky, in order to overcome the risk understanding global economics is very important.

Forex trading depends on the possibilities. If you don't do risk free trading, chances of loss are high. I usually do some trades in a month and calculate the profit /loss of all trades once at the end of the month.

Is there is no doubt that forex market is unpredictable. The market is always changing. We always need to adapt with the changing market to keep it up.