People are always looking for a way to increase their successful trades ratio: how many times they execute a winning trade as opposed to how many times they execute a losing one. The better you are, the more money you will earn faster.
What is the success ratio that you’re looking for? Everywhere I look I see Forex trading robots and systems advertised as having a 90%+ success ratio. I wish I had that kind of success in my manual trading but I never had and never will probably.
But do you really need a 90%+ accuracy? Sure, it’s great to have, and it’s nice to have a robot do it automatically for you but I’m not looking for even something remotely like this. In fact, I would be quite happy with a 51% accuracy rate.
Say WHAT?
51%, that seems kind of lame, John!
You may be thinking something of the sort, but in fact, it’s not lame. As long as I have a winning probability I know that I will profit with time. I’m not looking to get instantly rich. I have time. I make a nice living. I would love to make more, but for now, I don’t really need that much more.
As long as I know that I win more than I lose, I know that with time, and as I make more and more trades, I will profit more and more.
It’s the science of probability. I didn’t invent it. It’s just the way it is.
What I’m saying by that is that if you have a reliable system that provides you with any kind of successful ratio, hang on to it. It’s a key to riches. Sure, you should continue to improve your forex education and increase your ratio (I think 60% is excellent), but don’t always try to find a 90% winning ratio. With time, you will still profit big with a much humbler ratio.
