Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Forex Discussions
Forex Education
What’s your winning probability?
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="asiaforexmentor1, post: 24520, member: 11894"] Forex Coach Ezekiel Chew ask: What’s your winning probability? FOREX COACH Ezekiel Chew ask: What’s your Winning Probability? Do you have the answer to this question? If you don’t, then probably you should NOT even trade. It is a very simple question that you should ask yourself before you take every trade. “WHAT IS MY WINNING PROBABILITY FOR THIS TRADE? “ If it is anything lesser than 60%, skip the trade. You see it makes no sense at all for you to take a trade that has lesser than a 60% chance of winning. If it’s lesser than a 50% chance of winning, why even trade? You are bound to lose on that trade right? If it is a 50% chance of winning. You are betting on your luck. That’s gambling, that is NOT trading. If it is a 60% or higher chance of winning. And if you only take trades that have a 60% or higher chance of winning. Where do you think your account size will go? UP of course. Forex Coach Ezekiel Chew ask: What’s your winning probability? Having a 60% and higher winning probability for that trade means you have an edge over the market. You SHOULD consistently take trades that are over 60% chance of winning. But if on occasions where you take a trade that is a 50% chance of winning. You will spoil your entire game and your entire trading plan. That is because you are adding a random variable to your trades. And these random variables will disrupt your account growth. For example: Trader A) Out of 20 trades, he take trades that are only 60% or higher winning probability. Trader B) Out of 20 trades, he takes 10 trades that are of 60% or higher winning probability and 10 trades of lesser than 60% winning probability. Trader C) Out of 20 trades, he doesn’t care about the winning probability. He just take trades when he likes it or just based on his gut feel. Forex Coach Ezekiel Chew ask: What’s your winning probability? Which trader do you think has a better chance of growing his forex account? Trader A of course! Which trader trades most like you? If you are at trader B or trader C stage, you should stop your trading now. And reflect on this. This vital question is something that you must ask yourself the next time you trade. “What is my winning probability for this trade?” Forex Coach: Ezekiel Chew Asia #1 Forex Mentor from asiaforexmentor.com [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…