The only thing we have to prevent us from blowing up our accounts is: Remember these rules can be extrapolated to other timeframe combinations, but at Set and Forget we are concentrated and focused on forex swing trading H4 and above levels for one single reason, it's not just trading but a way of life. Most traders are unable to accept this and it causes frustration.
Anyone that has ever been to Las Vegas can see the money that the casinos spend to lure the gambler into their casino. So what are your Chances of ACTUALLY Making Money as a Forex Trader. Long-Term ResultsThe above forex odds example gave a short-term trade example based on a 50% chance of being right or wrong. What percentage of trades are profitable.
I say "we", because I see all of us like a trading group, the forex trading community we're building here at Set and Forget. Understanding the Coin TossIn the short term, anything can happen; this is why the coin toss is an appropriate analogy for the stock market.
Thinking in Odds Most traders have serious problems thinking in odds because it is against our nature to take on a position without being 100% sure that it will be a success.
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