Probabilities has to be one of the most important concepts that traders should grasp fully in order to be well-positioned for trading success.

The idea of right and wrong does not have the same significance anymore if you truly understand that trading is a probabilistic endeavor.

Ponder this. How could you make a right or wrong decision when the outcome of any particular trade is determined solely upon probabilities?

It doesn’t matter how well you did your technical or fundamental analysis. If there are more bids than asks, the price goes up and vice versa. The outcome of your trade will depend on probabilities, the probability that someone is going to come into the market and place an order at a worse price than you and subsequently make you a winner. 

By thinking in terms of probabilities, traders should be able to detach their egos from any individual trade outcome and do what is optimal for their trading performance.           

Get Access Now – Alchemy Markets

The only place where you get to trade more than 1000 instruments including Stocks, FX, Cryptos, and many more with ultra-low spreads and institutional-grade liquidity.