Quote:
Originally Posted by crucifissio
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...
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You're not an expert if you get it wrong 40% of the time.
No one can predict the future.