Conducting Analysis is essential | Forex Factory

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Conducting Analysis is essential

  • #1
  • First Post: Aug 11, 2018 9:24am Aug 11, 2018 9:24am
A correct decision will be made only after a foreign currency exchange trader is trying to make decisions after conducting proper analysis. But sometimes, it is seen that traders feel reluctant to conduct analysis, rather they try to take decisions randomly which can be hazardous actually. When a trader takes decisions out of emotions, he started taking risk at a higher rate, not accepting the right trading attitude and adopting right trading plan.
  • #2
  • Aug 13, 2018 4:17pm Aug 13, 2018 4:17pm
Quoting LorraineMor
A correct decision will be made only after a foreign currency exchange trader is trying to make decisions after conducting proper analysis. But sometimes, it is seen that traders feel reluctant to conduct analysis, rather they try to take decisions randomly which can be hazardous actually. When a trader takes decisions out of emotions, he started taking risk at a higher rate, not accepting the right trading attitude and adopting right trading plan.
No analysis = gambling!
  • #3
  • Aug 13, 2018 6:46pm Aug 13, 2018 6:46pm
Quoting davelansing
Well, I can say "analysis = gambling". Unless you have a crystal ball and can predict with 100% probability the next directional move, all "analysis" is gambling in the purest sense...
A gamble is running a red light. Analysis is waiting for green. No guarantee's, of course. You never know when some idiot is going to run a red light!
  • #4
  • Last Post: Aug 13, 2018 7:03pm Aug 13, 2018 7:03pm
Quoting davelansing
{quote} We'll have to agree to disagree. There is no "green light" in trading. All analysis is waiting for the "yellow" light in the HOPE that it doesn't turn red rather than green. Hence... it's a gamble (unless of course you have the crystal ball that I mentioned in my previous post). Lack of 100% certainty = gamble. We ALL gamble on the markets, whether its stocks, commodities, or Foreign Exchange. The sooner you face that reality, and act accordingly to put in safeguards, the better.
I guess we'll have to agree to disagree.
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