Forex Trading Game: Casino Luck or Business Skill?

The forex trading game can be so tricky.. Nearly every day I get emails from Forex trading gurus bragging that this week they got so many PIPs on certain trades. The fact is, if you enter a trade during a trending market you will likely win. In fact, if you enter a trade, you should have a 50/50 chance of winning. The important thing is, you consistently maintain a high percentage of winning trades over time with larger winning trades than losses. To do that, you need something other than a method of getting in by using an indicator crossing a certain level. You need to actually see through the noise and chaos. Recognize the real reason to enter or exit a trade that clearly shows the difference between what we call a pullback or retracement and an actual turning point, a reversal. When the market seems to be moving in the opposite direction of your trade, how do you know whether it is retracing? And will it continue in the same direction? Or whether it is reversing and you are about t
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