DislikedThanks for answering but ................................................. BUT I never saw a farewell from a member here saying "Guys I made it, I am retiring". @ Nick It is not about winning 100%, it is about winning 51% or better. If you win 51% you can bet the farm or am I wrong?Ignored
What our respected poster Infinitus mentioned about 49% occurring first is very true and wise. There is a great difference between winning on an average 5.1 trades out of 10 AND 51 trades out of 100. I agree with you only if you can maintain 51% in small population blocks of trades (10 or 20). I also assume that your 51% is based on 1:1 risk:reward, however, if you risk reward is better, a lower striking rate can also generate profit.
Any Casino employee will tell you how long unbroken streaks of Red or Black they have witnessed with odds of 42.11% in American Roulette and odds of 43.24% elsewhere. 30 to 35 Red or Black are not uncommon, and sometimes it goes up to 40 to 45. Now, the argument one will have is that forex is not Roulette and one can have an edge for positive outcome unlike pure gambling. I have no answer for that, because to me, forex is very unpredictable, just like gambling.
The Thief of Wall Street