Why Forex Trading is About Probabilities?.Why is Forex Trading all About Probabilities?.But understanding finite mathematics, game theory, statistics, and probability will help you analyze charts and develop a trading system without constantly making order entry errors, analysis errors, etc. You do not need to have a doctorate degree in mathematics, computer science or quantitative analysis to be a profitable retail trader. the easier time you will have to track the movement of price in your charts and your analysis will be more accurate. Trading is a probability game and the more you understand ratios, percentages, numerical sequences, etc. As traders, our goal is not to believe we can forecast the next layer of irrational reaction to future news we cannot predict, but it is to develop a system (technical, sentiment, or fundamental driven) that can increase the probability of our success. Identifying the areas on a chart that offers the highest probability for a successful trade is the skill. Either the price has a higher probability of going in your favor or it does not. Predicting price direction is based on probabilities. In forex trading, as far as predicting price goes, nothing is a certainty and anyone claiming otherwise has never traded the markets or is selling a pot of gold at the end of a rainbow. Support and resistance trading strategy.Creating and Believing in a Forex Strategy.
