Hi everybody,
This is the first time I reply a message at Forex Factory. I strongly disagree with those saying that forex is like gambling.
Why? Because I have realized that if you know how to use technical indicators, supports, resistances, trends, etc., you can reduce risk.
If I had to compare a good forex trader with something, it would be like throwing a coin: You can really reach that 1/2 probabilities of success -of course, adding that you have the chances to have reduced losses trades versus bigger winning ones-.
For me, forex trading is like a chess game: "strategy & tactics" is the name of the game. In chess there is no luck, but only good and bad decisions. Just like in real life.
That is my opinion.
iiivb
This is the first time I reply a message at Forex Factory. I strongly disagree with those saying that forex is like gambling.
Why? Because I have realized that if you know how to use technical indicators, supports, resistances, trends, etc., you can reduce risk.
If I had to compare a good forex trader with something, it would be like throwing a coin: You can really reach that 1/2 probabilities of success -of course, adding that you have the chances to have reduced losses trades versus bigger winning ones-.
For me, forex trading is like a chess game: "strategy & tactics" is the name of the game. In chess there is no luck, but only good and bad decisions. Just like in real life.
That is my opinion.
iiivb