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Old 07-11-2018, 06:59 AM  
rowan
Too lazy to set a custom title
 
Join Date: Mar 2002
Location: Australia
Posts: 17,373
Quote:
Originally Posted by crucifissio View Post
experts and traders only have to be right 60% of the time to make massive profits...for the average person it is a coin toss, up or down are the only 2 directions the price can go...so the slightest advantage means a lot in such a scenario...also keep in mind that losses can be managed and that gains can sometimes be substantial, it is not like a roulette table where red or black gives you double or nothing...when a trade starts to go south a trader can get away with a tiny loss...

so yes traders and financial experts are often wrong...but they are right a bit more often...
You're not an expert if you get it wrong 40% of the time.

No one can predict the future.
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