I have seen many forecasts in the financial Market, but very few profits made following them, even if it was right. Strange, right? The point is, the forecast is useless without a strategy, and it is easy to understand that, we have to consider one simple fact:
Nowadays there is still a huge part of traders that believe in a man
called William Delbert Gann, a great trader, who encrypted the Market
and was able to forecast everything. Unfortunately this is not right, he
was a great trader but not perfect at all, for this reason he taught
also to use stops, something that a perfect forecaster doesn’t need! We
also have documents about his mistakes.
Once we understand that we have to trade in a real world, we can see how dangerous is if we trade following the forecast. This is why people cannot make profits following a forecast:
If we become aware of all these problems, we understand how important
is to plan a strategy. The strategy is the real Sacro-Graal, not the
With this simple article we want to alarm people that buy only forecast studies and want to trade with them, unfortunately trading is not so easy, and we see another reason why people keep losing money! In I Am in Wall Street Ltd we create precise strategies being aware that we are not always right, we know it, and this is probably the most important thing we know!
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