Post
Topic
Board Trading Discussion
Re: Trading is based on probability.
by
Apened
on 24/07/2020, 13:08:13 UTC
A lot of people do not want agree that surviving in the market today requires every trader to come to terms that they are trading on probability and at every moment of the trade there are series of different possible outcomes.

As a trader, the best you can do is find the most likely scenario based on the data you have and understanding the risk involved too.
Choose the best probable outcomes that favors you to avoid stories as rekt.
Technically, yes, trading is based on probability as there is no assurance if the market will going to rise or fall but we can have an advantage on it if we know how to read charts. The chart will be a big help and survival in trade is the most needed. People trade especially the new ones because of easy profit the only thing that comes to their mind is to be greedy earn quick which is not that easy. Trading needs right risk management. proper entries and exits etc.