Predict the Market and You’ll be Lose | ForexGen

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Many traders think they need to predict what will happen to win but all this does is ensure they lose. 95% of forex traders lose and most because try to predict forex prices, just don’t join them. If you predict you are hoping levels of support or resistance hold and if you hope in any form of trading, say goodbye to your cash.

You will see a lot of people saying their systems predict the future but this is marketing hype nothing more and never comes with any real track record to back up the claims. Those people will tell you markets move to a scientific formula, this is not true, if it were we would all know where the price in advance and there would be no market!

The fact is markets always unpredictable and based upon opinions makes a market move, no one can predict it. The successful player knows that if he plays when the odds are in his favour and increases his size accordingly when the right conditions present themselves he will lose some hands but over time he will win.

So how do you get the odds in your favour? simple just don’t predict or hope. The key to market success is to see trading as an odds game and don’t let anyone tell you otherwise.