Quote:
Originally Posted by mikkom
I was just discussing about this with one friend of mine who is a professional poker player, after a long talk we came to a conclusion that poker is always based on limited set of probabilities whereas forex is much harder to predict and there are really no definite ways to calculate actual probabilities for forex.
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having been trading for 30 and trading specifically forex for 7 years, I find that statement as far off base as anything Ive ever heard.
although you may not yet recognize it, forex is a vehicle with extremely strict support and resistance areas, a need to maintain trend, even if blown off track by news or greed of the banks, and is essentially predictable as heck !
if it werent, I wouldnt be able to place a trade at 6PM, EST that wont be hit til 5AM EST and come to the exact final price before the brokers reverse the price ! (I prove that daily over at the forumn I teach at !)
It is only the inexperienced who would put forth such a notion, as to them it looks random and crazy, but in reality once you learn a little, you can see how precise it really is and while its impossible to go into how it works in this space and time, I just gotta say youre WAY off base even considering there might be a basis of comparison !
enjoy and trade well
mp