Is it possible to predict the profit or returns ?

Question

Joel · Accepted Answer

Many new forex traders believe that the core of a forex trading strategy should be predicting where forex prices will go. When you predict you are in effect hoping or guessing, which is not a good way to make money in any venture, let alone forex trading. Predicting the future is impossible, and if you try, you will get the same results as your horoscope. People who rely on prediction lose and are generally naive or greedy traders who think forex trading is easy. It isn't and you shouldn't expect it to be. As long as traders remain flexible in their positions and are not tied to a particular direction, they benefit. The art of predicting the market can be dangerous, and, ultimately, making money trading doesn't require predictions.

Thomas · Answer

The investment decision will rarely include a profit or stop-loss exit point for a stock that is expected to move higher. Inexperienced traders usually predict that their equity positions will rise and assume they can get out near the top if they are correct. The reality is that such a vague plan rarely works out. Therefore, all traders should have a plan for entering and exiting a trade, regardless of whether it results in a profit or loss.

David · Answer

It is possible to make predictions about the potential profits or returns from trading in the forex market, but it is important to note that these predictions are not guaranteed and that there are many variables that can affect the outcomes of trades. Forex trading involves substantial risk and is not suitable for all investors.In order to make predictions about profits or returns in the forex market, traders can use a variety of tools and techniques, including technical analysis, fundamental analysis, and market analysis. Technical analysis involves looking at historical price data and using tools like chart patterns and indicators to try to identify trends and make predictions about future price movements. Fundamental analysis involves evaluating economic and political factors that may affect currency values. Market analysis involves looking at supply and demand dynamics, market sentiment, and other factors that can influence prices.It is important to note that even with the use of these tools and techniques, there is no way to accurately predict with certainty what will happen in the forex market. The market is constantly changing and there are many factors that can influence price movements, including economic news, geopolitical events, and shifts in market sentiment. As such, it is important for traders to manage their risk carefully and to be aware of the potential for losses as well as profits in the forex market.

Is it possible to predict the profit or returns ?

6 Answer

6 Answer

Is it possible to predict the profit or returns ?

6 Answer

6 Answer

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