I know I’ve said this countless times before, but the vast majority of traders who comment on this site spend way too much time worrying about getting the market direction absolutely right or wrong. There are many great analysts working in banks who are appalling traders. The skill in the FX market is in building a strong trading position as the market moves and then having the guts to put on a big position when you get it right. Small losses, big profits!
A good trader who gets 1 out of 5 trading strategies correct will make a lot of money. A good analyst who can’t trade, even if they’re getting 4 out of 5 trades correct, will lose money.
