I've heard many authors to say to avoid anticipating markets and focus on a system, but forecasting is part of a system is not? Daily moves in the market and everyday is a good day for the team of traders predict the market correctly. Prediction of the market is not an easy skill and takes time to master, but once mastered can pay off big for the student who is willing to take the challenge.
Knowing the scenarios that the market is likely to give traders an edge. An experienced trader benefits from each end of the market gives away. It's like a game of Poker. If you watch a game of Poker then you know all the cards, but if you're in the game itself, only you know your cards. Imagine now some opponents cards around turned for viewing. This would be a pretty big advantage for you that will not? As a retailer is your competition from other retailers, and the ability to jump to an edge lets you jump on the competition.
As a trader of beating your competition is the key to the currency, and achieve a success rate range A-B is definitely worth it. Yes, a few months it can take years to learn, but this information can become very rich. Ask yourself what are your priorities, and define your commercial objectives before pursuing a long way to go, and remember the road travelled less is better.
Negotiation involves many risks. A few days you might lose money, but hopefully most days you will come out positive. A tight risk management plan is the best way to be comfortable with negotiation and ultimately end up with a profit. It is important to avoid assuming or making predictions on how it is on the market and instead to focus now.
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