According to Uncertainty principle we cant predict any movements on the planet, None of any indiors can reveal to you the future of currency motion
Whats Next?
Uncertainty principle
http://en.wikipedia.org/wiki/Uncertainty_principle
According to Uncertainty principle we cant predict any movements on the planet, None of any indiors can reveal to you the future of currency motion
Whats Next?
Uncertainty principle
http://en.wikipedia.org/wiki/Uncertainty_principle
Trading isn't quantum mechanics.Originally Posted by ;
The trading equivalent will be random walk theory or the efficient market theory. The existence of highly competent traders such as Ed Thorp, who was able to achieve an average annualized compounded return of 19% over 19 years using 98% winning months (227 winning months, 3 losing months), only blows these arguments out of the water. Even if one uses the monkey and the typewriter allegory and added a hundred thousand traders into the equation, the probability of this happening is still infinitesimally tiny. There is a reason why the men and women who are banging the E.M.H. and R.W.T. drums are always academics.
Those who can not teach, those who can DO.
Certainty = winning all put trades (100% wins)
Indeed it isn't possible, yet to profit consistently in trading you do not want'Certainty'
all you need is a good trading egy and cash management
This equation is going to be a good explanation:
(win frequency * win worth ) (lost frequency * misplaced value) = P(v)
(60% * 1) (40% * -1) = 20%, this means 60% wins with TP:SL = 1:1
(30 percent * 3) (70% * -1) = 20%, this means 30% wins with TP:SL = 3:1
As long as the result of the equation is positive you'd have the ability to profit always in trading.
Thus You can adjust your trading system accordingly:
either you have a high probability trade with little TP:SL
or a low probability trade with high TP:SL
it'd be best to possess HPT and high TP:SL, but definitely cannot be 100 percent
yet another significant thing that you need to have to be able to trade profitably is:''
Good luck in you trading
Thank you for all fantastic answer, I'm trading system which have 75% win ratio based on probability and grid, I had been thinking how [highlight=rgb(244, 246, 249); color:rgb(0, 0, 0); font-family:verdana,helvetica,sans-serif]Uncertainty[/highlight][highlight=rgb(244, 246, 249); color:rgb(0, 0, 0); font-family:verdana,helvetica,sans-serif] concept will effect my system, as you stated we dont need 100% win ratio in forex trading [/highlight]
[highlight=rgb(244, 246, 249); color:rgb(0, 0, 0); font-family:verdana,helvetica,sans-serif]Happy trading. ! [/highlight]
Nobody gets it right, all the time. And as for the uncertainty principle, fine take but no, it doesn't apply to the market.Originally Posted by ;
The attractiveness of trading is that you do not need to understand or predict what will occur on the market at any given time in order to profit. This is the reason why trading is not about prediction but taking advantage of the likelihood of something happening when the chances are in your favour.
75% win ratio is too great enough to earn an excellent income. You can use proper money management techniques to conceal itOriginally Posted by ;