i wanted to know that how can we guess that which pair will up or down to see the chart or any other way please tell me i am confused how i can gain and how can i guess that this will be up/down
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DislikedNo one can know the future... If you are asking how does one trade? Well Now that is to big a topic for this thread.Ignored
Dislikedi mean is that how can all guess and how they get that when market will up and when down i mean how they look charts and how they guess ???Ignored
Dislikedisn't it fundamental way? better stuff it with all news that float around the world.Ignored
DislikedIt's not about guessing, it's about probabilities.
Things like a continuing trend, price bouncing of a support or resistance.
Sounds like you are new so if your are interested in learning I would suggest reading the sticky threads at the top of the beginner section or checking out a good tutorial site like babypips dot com.Ignored
DislikedI think it's about guessing. Every trade is a guess unless you can cover the other side of it; only then could you certainly pinpoint the certainty of an event occuring given a level of confidence.
Speculating in the markets involves a whole lot of guessing willf. It isn't the same as physics.Ignored
Disliked...
I trade probabilities based on facts. If I was to guess then that would be just gambling.Ignored
DislikedThat's why it's called probability not certainty.
Definition:
Probability: The likelihood that a given event will occur.
Guess: To assume, presume, or assert without sufficient information.
I trade probabilities based on facts. If I was to guess then that would be just gambling.Ignored
DislikedWhich is exactly the reason as of why it's so important to search for entries ONLY in clearly trending markets. It's like sailing with the wind on your back, or swimming downstream. By trading in the direction of a clear trend, you're simply stacking positive statistical odds into your position.
In my opinion, trend identification should be the "lesson #1" of any trading learning process.Ignored