Analysis or or trade by chance?

[lioneld]

If you really want to make money here then go with market analysis. Otherwise, follow the last way.

Basically, scammers are very active in online, they represent the Forex business as a simple job, that’s why, a number of new traders come here with a quick money making mentality. But, they lose their capital because Forex is all about traders trading knowledge.

 

[David Marco]

You should research properly before making any decisions.

 

[Eduardo Lucchese]

Predict the market is the most difficult thing in this business.

 

[Mark Dahl]

Analysis is very important in trading. Otherwise, it will be only gambling.

 

[Cooper Truebridge]

I never try to trade without planning. I like to trade with a combination of fundamental and technical analysis.

 

[Kevin Vogt]

Trade by chance is nothing but gambling. It doesn't give anyone long term benefits. Successful trading requires skills, knowledge and experience.

 

[Kazumu Fukunaga]

Nothing one can do by chance in forex market. Without skills you can make few profitable trades here and there but consistent profit is not possible.

 

[Benjamin Bryne]

The analysis is to be done by combining fundamental and technical analysis.

 

[Kazumu Fukunaga]

The analysis is to be done by combining fundamental and technical analysis.

Correct market analysis is very important part of trading. After analysis we also need to determine our entry and exit point and entry criteria. Entry should be based on entry criteria.

 

[Gito Dinev]

Gambling is not the proper way. Analysis of the market properly to win more trade.

 

[Kevin Vogt]

Gambling is not the proper way. Analysis of the market properly to win more trade.

When you do not have much knowledge and do not know how to control your mind, you end up gambling. Then gradually it becomes a habit.

 

[Alexander Hudson]

This market is so unpredictable. So be careful when you are going to make a decision.

 

[Oscar Shumack]

Proper analysis is important to make a good amount of money.

 

[Eduardo Lucchese]

Market analysis will help you find better entry points by which you can earn massive amount of profit. So, try to run both technical and fundamental analyses over the market.

 

[Oscar Shumack]

You have to try to make the best use of available opportunities but to find out opportunities, you have to analyze the market. Fundamental analysis can be the best option for you.

 

[Oscar Shumack]

If you really want to derive profit from the market, you should rely on market analysis whether it is technical or fundamental.

 

[SaadBinToha]

Trading based on wild guesses isn’t a proper way of trading so market analysis is inevitable for a trader. Technical and fundamental analyses are helpful and needed for traders.

 

[SaadBinToha]

Analysis is key in forex trading; relying on chance is imprudent. Technical and fundamental analysis helps make informed decisions. Successful traders combine analysis with risk management, avoiding random speculation.

 

[Ethan]

Conducting technical and fundamental analysis helps make informed decisions, manage risks, and increase the likelihood of successful trades, providing a more strategic approach compared to random chance.

 

[Aaron_0]

Trading by chance, also known as gambling, relies on luck rather than strategy. Successful traders typically employ analysis, considering factors like technical and fundamental data, to increase the likelihood of making informed and profitable trades.