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Originally Posted by jgerousis
The same thing happens in forex. Do not tell me that forex is not random. If you look at forex closely you see that market moves in patterns or trends, but if you look at it from a wider view, the market is just a random market. NO ONE knows the outcome, even Bernanke. Because how traders act towards news, only God knows.
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Hi jgerousis,
I agree , but partly about what you say here :
the truth is that nobody (at least retail traders, cant
predict 100% the next move, in the short , and especially in the long term.
But is also true that the good about forex is that short-term patterns are almost always repeated, and if you are good to catch those, after the 'big move' which you cant predict, you have good chance to catch the 'big move' following move, which is where the 'little' and 'medium' players start to act and 'mimic' or 'continue' what the 'big' players decided