Forex is all about probability

[riddick09]

I'm always seeing 100%. But really probability does not reach 100% because its not anymore probability its accuracy in the market prediction. Anyways, we really need to think of probability because it don't have just one outcome or results in trading that's why we are need of which is having more chance that this will be the result of our trades.

 

[Syrine22]

Yeah that's true probability isn't a 100% it still falls under "may" or "may not".sincerely to me when probability is in use,it falls in an angle of luck where we might be on the losing end or winning end likewise.

 

[Taha Nizam]

if we able to have examine in everything we can also probably think to have here possibility then, we are also limited to have objectives of not appropriate evaluate the industry. And also will changes in the marketplace so our research will also modify every now and then.

 

[riddick09]

Yes, our analysis can come out with the probability. That's why we often use of percentage when we back up our statements. But then, it's no surprise that with the Profit and Loss there will be probability or ratio or winning or losing in trades. It can happen slowly and quickly so we need to be attentive in the market status.

 

[Cutiekc]

True every thing about forex trading is all about probability because forex trading is an instable market so therefor even after making analsis we are not yet sure of making profits because the market might turn against us and we may loss if we are not concentrating.

 

[Razor1911]

Thats correct. even if someone will say its not a game, but i feel that its a game of prediction. though we can make our predictions stronger by taking good care for getting knowledge and the more a trader will be able to tilt the odds in his favor, more will be the chances of winning of that trader.

 

[Markllee30]

It’s depend on thinking. According to me, forex is profitable business. Forex is Probability because forex market change rapidly? Yes, if we make good forex strategy and execute them but here we don’t determined profit or loss because here we just execute, if we success that means our strategy is good but when we fail that condition it’s required to change strategy or update strategy.

 

[PROPENSITY100]

It’s depend on thinking. According to me, forex is profitable business. Forex is Probability because forex market change rapidly? Yes, if we make good forex strategy and execute them but here we don’t determined profit or loss because here we just execute, if we success that means our strategy is good but when we fail that condition it’s required to change strategy or update strategy.

Forex is a business which have probability of both profits and loss. If we close our eyes and randomly buy or select a particular currency pair, what would be the chances of earning profits. It would be less than 50 % because we have to pay some charges in the form of spreads. Increasing our probability of profits through intense learning and experience is the key to succeed in the Forex market.

 

[riddick09]

Our probability will also be similar to our analysis which we estimate from the gathered info and from the chart to come up with a trade or position. We should have realize that we can't always be correct that's why it's probability and we don't say accurate in making trades because, there's no such traders.

 

[eddiej]

Life is about probability too, everything you do and will do comes down to probability. Ahahaha. But on a serious note, I do agree with everything that you have said. Loses will always be there, and that's where risk management comes in and some newbies fail to see how important risk management is and that's how they lose a lot of money.

 

[monyitomon]

Yes, we are analyzing the market and making decision based on our analysis, it is just our prediction. So, it's just a probability. There is only WIN or LOSE, so we know everyone experiencing losses in here, even those who have been trading for several years, even we say you are expert in trading for sure you are still experiencing losses in here.

 

[budado]

Forex is not as simple as relying on probability. Because if we going to rely on probability then theirs 50% chance that its going to go up and theirs 50% chance that its going to go down. That's probability. But we do more details configuration than that. We do analysis and in analysis we use data that we gather to make a forecast and that forecast will help us to learn if the price will go up or down.

 

[PROPENSITY100]

Yes, we are analyzing the market and making decision based on our analysis, it is just our prediction. So, it's just a probability. There is only WIN or LOSE, so we know everyone experiencing losses in here, even those who have been trading for several years, even we say you are expert in trading for sure you are still experiencing losses in here.

We can certainly reduce our losses by learning and practice. But still chances of incurring losses will always be present in Forex trading and emotional control is more difficult at the time of losses. We should behave rationally when we incur losses and should not be driven by emotions to take hasty decisions to recover our losses quickly.

 

[Cutiekc]

Well,yeah,its is all about probability because in between loss and win,one thing will be the result so therefore it depends on how we approach the market,in most cases i have come to realize that those that exprience loss are those who are about the money,whereby being aggressive and failing to learn properly how to trade.

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Well,yeah,its is all about probability because in between loss and win,one thing will be the result so therefore it depends on how we approach the market,in most cases i have come to realize that those that exprience loss are those who are about the money,whereby being aggressive and failing to learn properly how to trade.

 

[monyitomon]

When you lose then you open another trade right away, just because you want to recover from your losses, then you are in a wrong path, because we must practice how to control our emotions in here as it's just a probability you can't expect and assume in here.

 

[riddick09]

You can have your basis on your analysis but eventually you can't really expect to be accurate or correct. And yes, probability will go on here because, there's always have the chance to in different direction and that our trades can have either profits or losses.

 

[jackcm]

That is the reason why trader should plan before making decision. Because of probability of prediction, trader ought to have plan for cover losses if the main strategy fails.

 

[Decub]

When you lose then you open another trade right away, just because you want to recover from your losses, then you are in a wrong path, because we must practice how to control our emotions in here as it's just a probability you can't expect and assume in here.

That is actually one of the reasons people fail to succeed in Forex. Opening another trade immediately in a bid to recover losses without necessarily learning from what led to the loss is something that is a capable of losing over and again.
Then Forex is a game of probability and uncertainties with predictions of likely outcomes in the prices of currencies.

 

[riddick09]

Well, that's not a good trade because, that means they are again trying to recover but in rush way they should have done knowing what are the reasons for their losing trades. And still traders should have learn here that they will not think about probability or prediction of the market but to lessen the risks as well.

 

[kaiceaziz]

We need to understand the fact that forex is all about probability. It is not about making profits or losing. It is all about risk analysis. We all know that there is no any single strategy that will generate profits all the time we trade. The real key to success is prepare ourselves in such a way that we can minimize the losses and multiply the profits. And this is only possible by managing the risks with better knowledge of risk management and probability.

yeah , let me say you have cleared the point that we struggling in every post. We need the experience to reduce our losses. In other words. Forex is a loss learning the more we minimize it the more profits we get. Forex is a sea that can only skilled swimmers survive.