How uncertainty can be conquered?

[LeoFx]

Forex is an uncertain market being a financial market and billions of dollars are invested in this market every single day. Through market analysis, the uncertainty can be conquered.

 

[Lazarsblck]

I guess that's easier said then done. If that was the case then 90% of Forex traders wouldnt lose their capital.
I guess beside knowing both technical and fundamental analysis, you need to be lucky as well.

 

[Fin_Trader]

First of all, you need to create your own trading strategy, which will show when you can and should trade, and when you need to wait in a disciplined manner for signals to enter the market. But you also need a broker that will provide fast execution, minimal spreads and timely withdrawal of profits, like fxopen, for example. This is the only way to make a profit from a market that, without a trading strategy, seems uncertain and chaotic.

 

[Latham]

Uncertainty can be managed by diversifying investments, implementing robust risk management strategies such as setting stop-loss orders, staying informed about market conditions, and adhering to a well-defined trading plan. Continuous learning, adapting to market changes, and maintaining discipline in decision-making help mitigate uncertainty in trading and investing.

 

[Amadeus.V]

If you treat the market as gambling then you have to deal with its uncertainty. If you know the market, and know what you are doing there is no uncertainty.

 

[PhoenixJ]

Two words:
Knowledge
Experience

 

[Lee.me]

It is far more complicated than just that, nothing is certain in my experience, only those with access to un-published information can be sure of their trades, as you work you get better but never complete.

 

[benji177]

And it will remain that way until the end of your journey, you just read the market as best as you can and hope for the best, cannot be sure.

 

[Fin_Trader]

And it will remain that way until the end of your journey, you just read the market as best as you can and hope for the best, cannot be sure.

It is clear that any analysis is just a forecast of price movements in the future. Therefore, we need to control risks and trade with stop losses. And if our analysis more often gives positive entries into the market, we will make money on Forex.

 

[panchovilla84]

You don't.
Uncertainty on a trade to trade basis is a fact and a part of the business.
The key is to be absolutely certain of the positive expectancy of your system over many occurrences and over a long period of time.

 

[benji177]

It is clear that any analysis is just a forecast of price movements in the future. Therefore, we need to control risks and trade with stop losses. And if our analysis more often gives positive entries into the market, we will make money on Forex.

That is true yes, that can only create positive impulses in your mind and make you feel better and more relaxed on the job, but it does not mean guaranteed positive outcomes, so the doubt is really always there.

 

[Polakandil]

It is clear that any analysis is just a forecast of price movements in the future. Therefore, we need to control risks and trade with stop losses. And if our analysis more often gives positive entries into the market, we will make money on Forex.

Yes, that's right, maybe before open entries we have carried out both technical analysis and a combination of fundamental analysis, but after we execute the order via the trading platform used, ultimately what will decide is the market. Traders can only control risk but not the market, if after opening a buy the price actually falls, don't blame the market or ourself because naturally market movements depend on the volume of demand and supply and no one can predict the future precisely

 

[Fin_Trader]

Our trading results depend entirely on the quality of our trading strategy and our psychological preparation. We should not try to quickly make up for losses, rush and trade with passion. Each erroneous entry needs to be analyzed and its cause found, gradually improving our strategy and trading. You can also use analytical blogs (FXOpen has such a blog), where more experienced analysts justify price behavior using technical and fundamental analysis, which can help in making decisions when trading when you have uncertainty.