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Absolutely, there is nothing like obvious in Forex. It’s all about probabilities. This is why, pro traders also use SL & trailing stop in their trading.
Nobody is certain what is going to happen in the market. There are signals and charts that can help you but overall forex trading is an unpredictable business. If a person says with full confidence and certainity that he knows what is going to happen in the market, then he is misleading you.
It's not actually correct that Forex is unpredictable. Every trading platform has their own history and supporting platforms as well to at least predict a minimum scenario. So that, people get a bit help to invest and trade.There is no doubt that there is a absolute chance of making a huge amount of profit by trading in Forex. But it is very risky market. To understand market trends is very hard. And understanding the market's trends is very much important for Forex business. In this case somebody says that Forex is a unpredictable market place or business. What do you think?
It's not actually correct that Forex is unpredictable. Every trading platform has their own history and supporting platforms as well to at least predict a minimum scenario. So that, people get a bit help to invest and trade.
Of cause. Forex is unpredictable. As a trader we will not predict the market. Only thing we can do is risk-reward idenfiy and wait our trade setup before entry. We create trading plan and trade on the plan.
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. My risk reward ratio is 1;2.
Forex has no center authority to handle it and manage it so it is high risky and can be unpredictable as there is no way to find that when and why the pair which we are going to trade is moving in other direction.
we always should remember Forex is a place where at a time all money will come back that already lost . just need to stay here with great patience.