December 12th, 2007
Forex Day Trading - Why You Will Never Win At It
The biggest myth in forex trading is that you will make money at it, you won’t. If you are considering day trading then you need to look at one key fact that will guarantee that you will lose.
This is the fact:
All short term volatility is random.
If you think about it it’s obvious – millions of traders are trading each day, trillions of dollars change hands and to say that you can predict what they will do in a matter of hours is laughable.
Volatility is random and can and does take prices anywhere in short periods.