Do not trade out of assumption

[Plexpe]

Yes exactly. Forex might be a perilous option when trading without a defined strategy and sluggish thinking. It can also be extremely volatile and is not for the faint of heart people who cannot face losses. Certain abilities, expertise, and years of experience are required, or the trader may lose all of their wealth.

 

[Vermicious]

Trading based on assumptions is not a good idea. It is preferable to arrive at decisions based on logic. Take on the mentality of a trader and remain disciplined.

 

[Vamoose]

Trading solely based on assumptions might be risky. It is much better to follow logic and rationale rather than following assumptions with no support or logic behind them.

 

[Bahiya Shinam]

Perfect and faultless market signal is essential for news trading; otherwise it is not perfect for you. Those who are scalpers prefer trading by following small time frames, on the other hand.

 

[Akira Rush]

I agree with what OP said. You must put emphasis on market analysis and logic instead of assuming things based on your expectations or emotions. You must follow your strategy and remain rational in every situation. You need to find a reason for taking up every trade and make sure it makes sense in a technical perspective.

 

[FXOpen Trader]

I agree with what OP said. You must put emphasis on market analysis and logic instead of assuming things based on your expectations or emotions. You must follow your strategy and remain rational in every situation. You need to find a reason for taking up every trade and make sure it makes sense in a technical perspective.

If we are using correct analysis then our profits can also get increased.

 

[GioMiller]

Trading isn't a child's play, so risking your money just on the basis of assumption would not always give good results. To earn well, learn, strategize and then trade.

 

[Merycism]

In one way or the other, you assume things about the forex market on the basis of the previous price movements. But these should not happen out of your imagination and you must make sure that you analyse the market well before making any trading decisions.

 

[Frogman]

When you are in the market, you will obviously feel a certain way. You may even see every market movement as an opportunity to make money. But you have to control your emotions and make sure that they don’t make you make unwanted trading decisions that can prove dangerous to your account.

 

[Madison Lopez]

When trading Forex, you do not trade on the basis of your assumptions. You trade based on market analysis and previous market price movement. Trading cannot be done on assumptions or institutions.

 

[Anie]

Trading based on assumptions and speculation could result in substantial losses for the trader.

 

[Lyrine]

Don't trade out of assumption!
The market is ever changing, and you never really know what's going to happen next. So don't let your assumptions get in the way of your trading.

 

[Paralipsis]

Trading out of assumption and not analysis, can be quite similar to gambling. When you assume, you are basically relying upon your luck for the price chart directions to meet your assumption. But trading with analysis of price chart patterns along with important economic data and news can help you to correctly predict the market. Forming a trading plan out of analysis and not assumption can accompany you in making loss.

 

[Symphilism]

It is best when traders rely on their own knowledge and skill to move forward in their respective journeys. Assumptions can make or break your strategy. You have to be careful and tread lightly when it comes to assuming a certain market prediction. Patience and knowledge is the way to go.

 

[Crumple]

I agree. One should never trade without proper knowledge. Forex trading is extremely risky because of high volatility and this is why it is important to trade only when you have an understanding of the market.

 

[Nayek Pichai]

A trader can understand market reality when he passes time with the market. Lack of practical knowledge pushes a trader towards recurring losses.

 

[TruthCrypt]

Basing facts on assumptions will only lead to major losses and traders shouldn't go down that road. They should develop knowledge and a sturdy understanding of market sentiment so when they do make moves, they’re solely based on accumulating returns.

 

[Adolpho Sandoval]

Well, everyone assumes things about the market and makes decisions as per them since there is no guarantee of the market movements.

 

[BinarySumo]

That’s so because it can lead to impulsive and emotional decision making. It's important to base trades on facts and data, rather than assumptions, in order to make informed decisions and manage risk effectively.