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Trading is all about the odds of success

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  • Trading is all about the odds of success

    Hello guys,

    Trading is a stats game.
    Are the odds in your favor?

    If you should focus on only one thing, it should be the expected outcome of your trades.
    How often do your trades are winners / losers ?
    How big are your winning trades compared to your losing trades ?
    Your expected outcome is just :
    "winning size" * "winning rate" - "loosing size" * "loosing rate"

    t's what we research at PatternsWizard for every kind of technical analysis patterns. You can have at a quick glance success stats, expected outcome and many more stats for every candlestick patterns, classic patterns and harmonic patterns.

    Take care, trade safe, trade profitably

  • #2
    I'd also recommend this platform (that's a review) https://www.forex-broker-rating.com/instaforex to newbies. Lots of educational materials and a demo version.

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