My trading in the forex market only flows with efforts to make a trading plan and be loyal to it, however, losses are sometimes inevitable because of the dynamics of the market, the most dramatic and hard thing is when fighting with own desires, getting a profit three times a day is possible for expert traders, however, it seems very few can do so.
Even with 50/50 chance for every trades, probability of winning three is 12.5%, together with leverage this trade is extremely risky, I wouldn't participate into it
Yes agree, in a strong rally, making a profit seems so easy, however, traders can't predict the market ahead precisely, and trading forex is like an emotional sum game.
Prediction is hard because you have to be consistently better than collective thought (market) expressed in price, which is unlikely. better to focus on exploring market inefficiencies and taking advantage of them
You will need to be more patient than you think for that tree to bear fruit, but that also does not mean that the entire journey will be all losses and bad days.
I completely agree! I follow the basic process of conducting market analysis and selecting the appropriate instruments to trade. I also focus on risk management and trading with a small deposit, which always helps. Additionally, setting stop-loss orders always helped me to reduce risk to a level I can manage.
I am not so sure about that buddy, very soon AI will take over the whole market and the entire game from us, no more losses for anyone who can afford that, no more spending years on trading plans, just money to pay and get the AI.
I think it is a good step for long-term trading to keep risk management and improve market analysis.
AI is too stupid for that at least I see that quality do not improve further and even worsens sometimes, guess they hit the ceiling in developing its capabilities further
No way, AI will take everything over, it can do small time analyses nowadays, it will grow way beyond all this and possibly change the entire trading play ground.
I think AI can play some role in trading - like when it comes to analyzing the data quickly, but the human touch is still irreplaceable. The intuition, psychology, experience, and understanding the sudden market shifts and trading accordingly, this is something AI can never do.
I completely agree! AI is a powerful tool, but trading is still an art where human decision-making makes all the difference.
I think AI only takes big data that is already available, while many human traders' thoughts and actions are not recorded in the database, AI might make wrong investment suggestions.
Good point! AI relies on past data, but human traders make decisions based on instincts, experience, and market feel, things that aren’t always recorded in databases. That’s why AI can sometimes misread the situation and give the wrong suggestions.
AI is great for analyzing trends, but human judgment is still key in trading. What do you think will AI ever match human intuition?
AI is not human, it is different, but in the accuracy of processing data, perhaps AI can match humans, this is because the database that has been input does not disappear or is forgotten before the data is deleted, whereas human memory sometimes easily forgets things.
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