What defines a good, succesful trader? Is it one who reads the charts well? Or maybe one who understands the market he/she operates in? Or maybe one who understands the consequences of the financial news?
All that isn’t irrelevant and sure skills that is required to be a good trader.
But let us just step back for a second.
The price can move in two directions; up or down.
In other words if you blindfold make a bet on any given currency, index or commodity you have a 50/50 chance to win, right?
Are you correct 51