Translate the HTML to English, keep the HTML format, and do not insert line breaks or code blocks. Also convert standard HTML entities prior to translation. Original: 予想して勝とうとしている人は洗脳されている？ Translated: Are people who are trying to win by making predic
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「Thank you for the explanation! It was very easy to understand, especially because it clarified facts rather than predictions (the part where you verify facts had a strong image).」
『20190125 (Fri) Pound-Yen Trade』's explanatory article.
「Not a prediction」
This is important.
Many people who fail think they are trading based on predictions.
Securities analysts and, in general, people who are considered “professionals” make predictions.
Because the “professionals” are predicting, people tend to believe them, right?
That’s how the general public can be brainwashed in some ways.
Ben Carlson (Securities Analyst)
Investors tend to trust analysts who speak boldly with confident predictions or opinions.
Wall Street is fully aware of this, so they never say things like, “I don’t know.”
But in most cases, a proper statement is, “I don’t know.”
Most of the time, they don’t know.
Even though they don’t know, they speak with great confidence about predictions and opinions.
If you trade based on these and win, it would be strange, wouldn’t it?
“Even professionals, trading is difficult to the point where they don’t know most of the time,”
you might think?
That’s not the case.
Real professionals (successful traders) do not make predictions in the first place.
Link, previous blog posts ↓
No matter how plausible the reasoning, you cannot predict the future
Market participants cannot predict outcomes the way scientists predict celestial movements.
Turtles don’t pretend they can see the future. They never say, “Gold will rise” while watching the market.
Turtles do not know the future.
They don’t know whether the market will rise or fall, when a trend will end—now or in two months.
Without understanding how meaningless FX (forex) predictions are, you cannot continue to win
Even if you predict and trade, you will not become a trader who keeps winning.
Common traits of unsuccessful traders
To predict
The 5% of investors who win in the market understand that stock prices cannot be predicted as a matter of course.
It is not an exaggeration to say that whether you succeed in stock investing hinges on this understanding.
「Those who try to predict and win are brainwashed」
Many famous people who appear in analysts or the media are predicting, right?
As a result, the general public is brainwashed into thinking trading is done by predicting.
First, you need to break that brainwashing.
Even if I, an unknown person, shout it out, I don’t think you’ll believe me, so as above, I’m quoting words from various people.
Predicting and continuing to win is impossible.
Even if predictions win, that’s just a coincidence.
Causality cannot be proven.
No matter how much effort you put in, you won’t become able to win by predicting.
Because those who are winning do not predict.
If you want to win, imitate people who are really winning.
Let’s engage in the right kind of effort.
As you said in your impression, I hope many people will learn the proper way to trade based on facts rather than predictions.
「Thank you for the explanation! It was very easy to understand, especially because it clarified facts rather than predictions (the part where you verify facts had a strong image).」
I’m really glad to hear impressions that show you could tell I was putting in the effort. Thank you.
I’m on Twitter:https://twitter.com/takashipyo
I’m posting trading videos:Trading that turned 100,000 yen into 1,000,000 yen
