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The most obvious examples can be seen in the UK referendum and the US election. To anticipate the outcomes of those two events is much easier than to predict the coming trend of any of the forex pairs. But the results showed that the majority was wrong. Behaviour of human being plays a significant role. If you fail to predict the behaviour of people of same nationality, who share mutual values and interests to some extent, how come you are able to predict correctly the behaviour of human being across the world? The world we are living in is now full of uncertainties which happen every day. Thats why messing around with uncertainties, in short-term basis, is gambling.
How about long-term? I never mentioned that longterm forex trading is profitable. Its stock trading that could be profitable. Why? Apple or Samsung would havent been as successful as they are today if they had aimed their products at everyone. What is more, the level of uncertainty within a business is well below that of forex pairs!
It is okay if some of you disagree with me. I very much welcome criticism. I used to trade forex using a small account and I did it just for testing purpose. There is a reason why all brokers out there want you guys to be their customers so bad. And there is a reason why the conventional wisdom says 95% of forex traders lose. In my humble opinion, it actually nears 100%.
Being a trader is not a part time job it is a profession like any other else , it requires patience ,planning and discipline