Post
Topic
Board Trading Discussion
Re: Day trading and heavy manipulation
by
Hell-raiser
on 10/09/2018, 17:43:32 UTC
If you want to make a profit, you have to be very patient and have deep knowledge. In my opinion, it is necessary for you to make a profit from this market
Knowledge is actually the main ingredient needed for any successful trade. Anyone without it would always have manipulations to blame for their losses. Analysis also are not totally meant to be right 100% based on the direction you anticipate, if it is that way, I am sure professional traders will not even be using stop loss. A lot of traders always want to expect things to turn out in the direction they please, but it is market, a volatile one for that matter and can simply decide to take  different turn. One good reason for a good risk reward ratio level.

If by knowledge you mean technical analysis that I'm afraid this is not how most markets work, and financial markets are the ones where it doesn't work most. Or why do you think the vast majority of traders are losing in the long term? Do they lack knowledge or what? The truth is in such markets you can't survive and not because of market manipulators but because of people who regularly milk the market in certain ways. Milking means sure profits, but who do you think these profits come from? Obviously, the profits come from other traders as there is no other source. As it turns out, the only way you can beat the rest of your fellow traders is by using things like arbitrage, insider info, and other such things which give you an advantage over the pack.