Forex trading has 50-50 chance of making profit if we trade at random. Since, the trend is either bullish or bearish. So, if you open buy position and the trend is bullish then we make profit if its turn bearish then we loss. So, it’s really a 50-50 chance. So, why many say 95% of traders loss in Forex trading?
It’s because, we make simple things complicated. Instead of course on knowing if the trend is going to be bullish or bearish. Instead of doing analysis so that we can open a position in the right decision we are trying to finds ways that no matter where the decision of the trend is we are going to make profit.
So instead of simple approach of finding the right trend to trade we want to find ways to trade both ways and make profits. This is where our mentality of finding a holy grail of trading strategy come in. We want to find a strategy that no matter what the direction of the market trend is we can make profit, which is not really possible to start with.