Does a trader always know which way price will move? - PB

It is a misconception to believe that a professional FX trader takes many trades each day and always know which way the price will move. The reality is that a professional FX trader waits for suitable high probability situations to develop. A trader will only take a trade when those conditions exist. There is no point taking a risk on a low probability trade. Capital preservation is critical to long term success at FX trading.

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