Forex Zone - Forex Forum

Traders Must Be Able To Be Friendly With Uncertainty

Discussion started on General Forex Discussion

  • Hero Member
  • Posts: 1254
  • Points: 102
  • Likes Received: 174
  • Reputation: +70/-0
As we know, price movements can indeed be predicted either by technical or fundamental analysis. But no matter how good the predictions from our analysis results, there is no analysis that is 100% accurate. From this, I think that a trader must be able to be friendly with all forms of uncertainty like business people in other businesses.

To be able to make friends with Uncertainty, in my opinion, we must have a good mentality like the mentality of an entrepreneur who is not afraid of failure, and dares to rise up when experiencing failure.



Linkback: https://www.forex.zone/general-forex-discussion/1/traders-must-be-able-to-be-friendly-with-uncertainty/3451/
#1 - July 04, 2021, 11:05:22 AM

  • Hero Member
  • Posts: 518
  • Points: 400
  • Likes Received: 5
  • Reputation: +0/-4
When we decide to trade actually we must be prepared with all uncertainty, because in trading we will always be faced with probability and uncertainty
#2 - July 05, 2021, 10:38:23 AM

  • Hero Member
  • Posts: 1055
  • Points: 607
  • Likes Received: 5
  • Reputation: +0/-7
In any business we have to be prepared with uncertainty, because everything we do is just limited to analysis, and it's just a probability of its nature
#3 - July 06, 2021, 07:27:16 AM

  • Hero Member
  • Posts: 1007
  • Points: 435
  • Likes Received: 8
  • Reputation: +1/-3
So from that in trading it needs to have good planning so that we can anticipate all the possibilities that are well, including this uncertainty
#4 - July 08, 2021, 11:05:02 PM

  • Hero Member
  • Posts: 1046
  • Points: 4121
  • Likes Received: 47
  • Reputation: +0/-0
right, traders must be able to be friendly with uncertainty because certainty belongs only to the powerful, uncertainty makes us will be careful when we step up and we can learn that trading is difficult

#5 - July 09, 2021, 11:24:36 PM

  • Hero Member
  • Posts: 549
  • Points: 212
  • Likes Received: 10
  • Reputation: +7/-4
For that's the point of planning in trading so that any incident will befall us, we are ready to do what
#6 - July 10, 2021, 11:41:51 AM

  • Hero Member
  • Posts: 1055
  • Points: 607
  • Likes Received: 5
  • Reputation: +0/-7
Trading is indeed full of uncertainty, therefore what we need to prepare is a good money management to control our risk
#7 - July 13, 2021, 03:09:47 PM

  • Hero Member
  • Posts: 1214
  • Points: 938
  • Likes Received: 29
  • Reputation: +5/-5
Therefore, it is very much needed at a good money management in trading, to face things, so we should not ignore it
#8 - July 30, 2021, 11:48:12 PM

  • Hero Member
  • Posts: 9575
  • Points: 59
  • Likes Received: 728
  • Reputation: +10/-20
Uncertainty itself is part of forex trading, bro, because forex trading is also close to probability, the probability that we strengthen the direction of profit and we minimize the direction of risk. so it is true that a true trader is sure and must be friendly with uncertainty including the worst possibility, without knowing uncertainty or experiencing losses the trader will not be able to reach the desired target.
#9 - July 31, 2021, 08:52:11 AM

  • Sr. Member
  • Posts: 294
  • Points: 442
  • Likes Received: 1
  • Reputation: +0/-6
that's why we need good planning in trading, this is so we can prepare things that are beyond our expectations, so we will be very accustomed to uncertainty
#10 - August 24, 2021, 09:09:32 PM

  • Sr. Member
  • Posts: 471
  • Points: 102
  • Likes Received: 2
  • Reputation: +0/-5
Trading is about a probability, so it is indeed uncertain, so we have to get used to it so that we are accustomed to anticipating everything well
#11 - August 25, 2021, 10:40:12 PM

  • Full Member
  • Posts: 125
  • Points: 596
  • Likes Received: 6
  • Reputation: +0/-0
a foreign exchange trader must be able to be friendly with uncertainty because in the foreign exchange business there is no such thing as absolute certainty because everything is based on possibility and Anna is our story so indeed we must be friends
#12 - August 26, 2021, 03:50:55 AM

  • Hero Member
  • Posts: 1508
  • Points: 333
  • Likes Received: 174
  • Reputation: +20/-8
One of the ways we make friends with uncertainty is to always use good money management, so that whatever market conditions we will always be safe
#13 - August 31, 2021, 11:53:34 PM

  • Hero Member
  • Posts: 1075
  • Points: 386
  • Likes Received: 8
  • Reputation: +0/-8
it's a sure thing, that in trading everything is unpredictable, and we have to understand that and adapt
#14 - September 01, 2021, 10:11:26 AM

  • Sr. Member
  • Posts: 350
  • Points: 256
  • Likes Received: 0
  • Reputation: +0/-0
that's what we should put in our minds, and we cannot change it, thus we have to want and be able to always apply a good monay management always in our trading and it becomes an obligation if we want to succeed in trading
#15 - October 26, 2021, 11:16:25 PM

Members:

0 Members and 1 Guest are viewing this topic.