Forecasts ? Is it good or bad for newbie trader ?
Forecasting is no use for me, as it is mostly false and misleading. Taking probability in account, you can expect to see some correct forecasts while most are totally false. Ask yourself a question: If they can forecast correct signals for you then why don't they forecast and trade by themselves? They would be millionaires overnight, and they wouldn't need to register domain names and send out signals.
Some time ago,when i start trade at forex i always used forecasts from different sites(like https://www.mql5.com/go?link=http://www.fx-charts.com , /go?link=https://finrise.com , /go?link=https://valentinaharris.com/) for control my own day strategy. IMHO it very useful 'cos when you create your strategy for forex trade you may correct it if see results and forecasts from other sites. Particularly this useful when you distrust - how trade today ? .... but it often bad day for trade and i just wait next day. But now i have't my own trading system and i think it bad for me What you think about subj ?
Hi Tom There some signal is ok ,like Elliot,MMs,and some other . I see 1 gerrman signal that I like to try ,but couldt understand what it say .cheers zztop
I would say that newbie should try to forecast but do not trade on the basis of it because as a newbie there is a great chance of having wrong forecast so try to analyze more and on every aspect.
a novice who do forecasting itself will have good trading skills, if want your trade has increased. But it also must be careful because it is very difficult for us to do forecasting. We can compare our prediction with the prediction of others.
Forex trading is not forecasting. Forex is all about analysing the activities that passing by,knowing about Forrex and having good knowldge and skills.
What sites do you use for Forex technical analysis and tips?
Forecast can be useful but we can not depend on it for ever so we should have our own strategy and money management.
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Some time ago,when i start trade at forex i always used forecasts from different sites(like https://www.mql5.com/go?link=http://www.fx-charts.com/ , https://www.mql5.com/go?link=https://finrise.com/ , https://www.mql5.com/go?link=https://valentinaharris.com/) for control my own day strategy. IMHO it very useful 'cos when you create your strategy for forex trade you may correct it if see results and forecasts from other sites. Particularly this useful when you distrust - how trade today ? .... but it often bad day for trade and i just wait next day.
But now i have't my own trading system and i think it bad for me
What you think about subj ?